Subprime gives fund return of 1000%
A Californian hedge fund has made a more than 1,000 per cent return this year by betting against US subprime home loans, making it one of the world's best-performing funds of all time.

China's Citic Securities eyes HK Listing
Citic Securities, China’s largest securities firm by market capitalisation, is considering listing in Hong Kong in the wake of its pioneering joint venture agreement with Bear Stearns, the US investment bank. Citic’s deal with Bear Stearns is awaiting approval from regulators, but the two companies have announced their intention to invest in each other through an exchange of convertible securities and the set-up of a joint venture in Hong Kong.

Profit combined with pain in Airbus China deals
European planemaker Airbus wore two masks in China on Monday -- the joy of landing what could be its biggest ever aircraft order by volume, contrasted with growing despair over the plunging value of the dollar.

China unhappy with EU's product safety call
The top EU trade official told China on Monday its reputation was at risk after a series of product safety scandals and that it must do more to tackle the problem. The comments drew an icy response from a senior Chinese minister.


Chinese Ministry Urges Joint Efforts on Fuel Shortage
China's Ministry of Commerce pushed for joint efforts from local agencies and major oil refineries to stabilize the supply of oil products as the country's energy shortage continues.

96,000 pounds of beef recalled
American Foods Group, based in Green Bay, Wis., has recalled 95,927 pounds of ground beef potentially contaminated with E. coli after two people who ate the meat got sick, the U.S. Department of Agriculture said.

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This entry was posted by David Choi, on Monday, November 26, 2007. You can leave your response.