Abu Dhabi Saves The Day
A $7.5 billion Abu Dhabi deal to buy Citigroup shares may have created a model for acquisitions by Gulf and other emerging-market investors scouring the ruins of the U.S. mortgage crisis for bargains. The Abu Dhabi Investment Authority sought no role in managing Citi Citigroup Inc C 30.32 0.52 +1.74% NYSE Quote | Chart | [...]
Falling USD to Boost US Stock Markets and Consumer Spending
Imagine that you have $2.8 trillion sitting around. And for kicks, let’s assume that most of that money, about two-thirds, is invested in U.S. dollars and other dollar-denominated assets like U.S. Treasury bonds. And let’s assume that your currency was linked to the U.S. dollar, too. In other words, you often buy dollars to maintain [...]
What is ExxonMobile Upto
Last year ExxonMobil (XOM) produced about 4.2 million barrels of oil/day. Is that enough ? Probably not. To add to their existing production volume, ExxonMobil has decided to invest in more than 20 new projects around the world over the next 3 years. This would bring in an additional 1 million barrels of oil/day to [...]