International Business Opportunities

The Monday defeat of the 0-billion bank bailout bill in the U.S. House of Representatives battered the markets worldwide. Russia’s authorities opposed the threat by closing stock exchanges from the very morning. The floors opened later on and RTS and MICEX gained from 0.79 percent to 1.48 percent yesterday. But speaking about the sharp turn for the better would be premature. A number of big investors apparently decided to advantageously revaluate their portfolios on the last day of the quarter.
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The Anti-Corruption Council approved yesterday a package of four bills that will lay the legal foundation for the counter-corruption plan of Dmitry Medvedev. The bureaucrats and members of their families will have to declare not only the revenues but also the property. The bureaucrats, who have taken discharge, will need a special permit should they want to be employed in a company under the profile profession. The State Duma will have the bills in the nearest future.
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China Merchants Bank, announced Tuesday it had completed the 17 billion yuan purchase for 53.12 percent of Wing Lung Bank’s equity.
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U.S. President George W. Bush warned Tuesday that the damage to the nation’s economy will be “painful and lasting” if Congress fails to act to rescue markets.
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The U.S. Senate has scheduled to vote on a revised 700 billion dollar financial rescue plan on Wednesday, U.S. media reported.
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Chief Executive of Hong Kong Special Administrative Region (HKSAR) Donald Tsang on Tuesday tried to pacify nervous investors after Wall Street’s historic overnight slump, saying he is confident Hong Kong’s solid economy will see it through the global financial turmoil.
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Air traffic growth in the Middle East in August slowed considerably from the double-digit increase seen in passenger numbers during the first half of this year, according to an industry group on Tuesday.
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Limitless has appointed Abu Dhabi-based Tristar Transport and Contracting company for the first phase of earthworks on its billion (Dh40 billion) Arabian Canal project.
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Reliance ADA group has restarted talks over a potential buyout or equity investment in Metro-Goldwyn-Mayer, the New York Post reported.
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Lenovo Group, the world’s No 4 personal computer maker, is ready to make its next major acquisition despite a slowing global economy, the South China Morning Post newspaper said on Tuesday.
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