Archive for July, 2008

BP’s Russian Joint Venture Falters (BusinessWeek)

Thursday, July 31st, 2008
BP's profitable joint venture TNK-BP is crumbling over a wrangle with its Russian partners about reinvesting dividends

Teaching Doctors, or Selling to Them? (BusinessWeek)

Thursday, July 31st, 2008
Drugmakers, worried about conflicts of interest, back away from sponsorship of doctor education courses

Chile peso reverses early losses, stocks slip - Reuters

Thursday, July 31st, 2008

Chile peso reverses early losses, stocks slip
Reuters - 4 hours ago
Stock indexes traded lower in afternoon trade, affected by losses on global bourses and uninspiring local economic data. The all-market IGPA index . ...

Yen Rises Against Euro as Carry Trades Pared on Stock Declines (Bloomberg.com)

Thursday, July 31st, 2008
Aug. 1 (Bloomberg) -- The yen rose to a one-week high against the euro as a decline in Asian stocks prompted traders to pare holdings of higher-yielding assets funded in the Japanese currency.

Soros Successors Thiel, Howard Prove Global Bears Rule Markets (Bloomberg.com)

Thursday, July 31st, 2008
Aug. 1 (Bloomberg) -- Hedge-fund managers following the path of George Soros , who made a fortune by exploiting financial turmoil, are beating their peers for the first time since 2003 on wagers the global economy won't improve anytime soon.