Keyword: foreignmoney

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  • McCain camp portrays Obama as stumping in Europe

    07/18/2008 8:10:32 AM PDT · by CedarDave · 21 replies · 388+ views
    Politico ^ | July 17, 2008 | Jonathan Martin
    Signaling how they intend to frame their attacks next week against a globe-trotting Barack Obama, John McCain's campaign is suggesting that the Democratic nominee's popularity abroad may not translate well in middle America and that his trip amounts to a foreign photo-opportunity. "I don't know that people in Missouri are going to like seeing tens of thousands of Europeans screaming for The One," quipped a McCain aide, deploying a moniker some in the campaign use to poke fun at Obama's exalted status in certain quarters. McCain is stumping today in Kansas City, Mo. "This isn't about reaching out to allies...
  • Treasured New York Skyscrapers May be Sold to Foreign Funds

    06/14/2008 4:36:36 PM PDT · by Coffee200am · 25 replies · 81+ views
    Yahoo News ^ | 06.15.2008 | Yahoo News
    NEW YORK (AFP) - The iconic Chrysler and Flatiron skycrapers may soon join New York's GM Building as landmarks sold in part to Arab or European investors as the weak dollar spurs property grabs in the Big Apple, reports said Friday. The 50-story General Motors Building, constructed in 1968 and which includes the Apple Store on Fifth Avenue, has already been sold -- for a record-breaking 2.8 billion dollars -- to US real estate firm Boston Properties, backed by investors from Dubai, Kuwait and Qatar. The deal, concluded on Tuesday, makes the GM Building the most expensive skyscraper in the...
  • CHRYSLER BUILDING ON THE BLOCK SOVEREIGN ARAB FUND TO PAY $800M

    06/11/2008 7:10:56 AM PDT · by COUNTrecount · 15 replies · 254+ views
    NY Post ^ | June 11, 2008 | LOIS WEISS
    The latest Big Apple trophy being coveted by oil-rich sovereign wealth funds is the landmark Chrysler Building. Sources say the super-rich Abu Dhabi Investment Council is negotiating an $800 million deal for a 75 percent stake in the Art Deco treasure that has defined the Midtown skyline since 1930. The Chrysler assets would be purchased from TMW - the German arm of an Atlanta-based investment fund that's been eager to cash out of its Chrysler stake. The deal follows last month's sale of the GM Building and three other Macklowe/Equity Portfolio properties for $3.95 billion to a group of investors...
  • Clintons cash in on Dubai

    04/09/2008 1:59:42 PM PDT · by SpaceBar · 4 replies · 94+ views
    World Net Daily ^ | April 07, 2008 | Jerome R. Corsi
    Tax data shows $15 million from partnership with Arab sheik The tax returns released by Bill and Hillary Clinton late Friday reveal $15 million earned in a partnership with billionaire "supermarket czar" investor Ron Burkle and the sheik of Dubai, whose Arab state sparked controversy with a purchase giving it control of 22 American ports. Burkle is widely known as a top "FOB," or "Friend of Bill," whose corporate jet Bill Clinton has used so often the New York Observer claims Clinton has taken to calling it "Air Force Two." The news comes with the disclosure Burkle's Yucaipa Companies...
  • All eyes on Murdoch as daughter hosts fundraiser for Obama

    04/02/2008 10:10:08 PM PDT · by melt · 10 replies · 116+ views
    guardian.co.uk ^ | 4/2/08 | Owen Gibson
    The Murdoch clan is used to the rest of the media, politicians and the chattering classes trying to decode their political stance and its implications from their public actions. The early signals were that Rupert Murdoch favoured Hillary Clinton in the US presidential election. But yesterday Murdoch-watchers were digesting the news that Elisabeth Murdoch, Rupert's 39-year-old daughter, who runs a large TV production company, will host a London fundraiser for Clinton's rival, Barack Obama, this month. Despite the extensive coverage in the UK media, for high-rolling US expats election fever must seem a long way away. But in the most...
  • U.S. Treasury fears Islamic strings on investments

    03/19/2008 3:52:41 AM PDT · by Man50D · 15 replies · 701+ views
    WorldNetDaily.com ^ | March 18, 2008 | Jerome R. Corsi
    The U.S. Treasury is struggling with how to handle any political or Islamic ramifications as Persian Gulf sovereign wealth funds look to make substantial investments in capital-poor American banks and securities firms. The crisis in mortgage-backed securities has created a need for new capital to enter financial markets after major financial institutions such as Bear Stearns and Carlyle Capital Corp. failed over the weekend. The crisis is an opportunity for sovereign wealth funds that have prospered as the price of oil has soared over $110 a barrel. WND previously reported sovereign wealth funds in six Persian Gulf countries, including Kuwait,...
  • A new downtown L.A., sponsored by ... Dubai

    03/18/2008 4:02:06 PM PDT · by MinorityRepublican · 26 replies · 399+ views
    Los Angeles Times ^ | Wednesday, March 19, 2008
    What happens when you combine a collapsing dollar, America's addiction to oil, a slumping commercial real estate market, tight credit markets, and hopes for revitalization of downtown Los Angeles? You get a situation where the royal family of Dubai plays a major role in shaping the future of Los Angeles. News item: "Armed with $100 million from Dubai and a refined design plan, officials Monday said construction will finally begin next month on the Frank Gehry-designed residential and shopping plaza along Grand Avenue that is considered a linchpin to downtown L.A.'s revitalization." More, from the L.A. Times: "The announcement comes...
  • McCain Invites Fundraisers to London

    03/15/2008 6:12:50 PM PDT · by Shermy · 17 replies · 879+ views
    Washington Post ^ | March 14, 2008 | Matthew Mosk
    Sen. John McCain and his staff have been adamant for days that his upcoming overseas trip to Britain, France and Israel is not political. /snip ...Apparently, though, there will still be room for fundraising. McCain's campaign has sent out an invitation for a March 20 luncheon at Spencer House -- the neo-classical home built for an ancestor of Diana, the late Princess of Wales -- "by kind permission of Lord Rothschild OM GBE and the Hon. Nathaniel Rothschild." The price to attend is $1000 to $2,300. And the dress code for the event? "Lounge suits" -- British for business...
  • Citigroup Faces Big New Trouble

    03/06/2008 4:36:17 AM PST · by ovrtaxt · 32 replies · 214+ views
    new york sun ^ | 35/08 | Julie Satow
    Citigroup, the financial giant that is one of the nation's largest banks and one of New York City's largest private-sector employers, is facing more trouble, with an analyst at Merrill Lynch forecasting an $18 billion write-down in the first quarter for Citi on top of the $18 billion in write-downs the company has already announced.
  • Gulf investors may not save Citigroup, Dubai executive says[Citi Needs $]

    03/04/2008 6:03:42 AM PST · by BGHater · 57 replies · 243+ views
    Market News ^ | 04 Mar 2008 | Mirna Sleiman
    Mideast sovereign wealth funds may fail to save troubled U.S. banking giant Citigroup Inc. unless more cash is pumped into the lender, the head of a $13 billion Dubai-owned investment firm said Tuesday. Sameer Al Ansari, Chief Executive of Dubai International Capital told delegates at a private equity conference that it will take more than the combined efforts of the Abu Dhabi Investment Authority, the Kuwait Investment Authority and Saudi investor Prince Alwaleed bin Talal to save the bank. "It's going to take more than that to rescue Citi," Ansari said. He added that more write downs are expected and...
  • Bush May Take Foreign Money for Presidential Library

    02/29/2008 6:37:01 PM PST · by BGHater · 21 replies · 168+ views
    New York Times ^ | 29 Feb 2008 | NY Times
    President Bush said Thursday that he would probably accept foreign donations to build his presidential library in Dallas and would consider keeping the donors’ names confidential if they do not want to be identified. The comments, at a White House news conference, were the first time Mr. Bush had talked in any detail about his plans for the library, which will be at Southern Methodist University, the alma mater of First Lady Laura Bush. But his detail was scant. “We just announced the deal,” he said, “and I, frankly, have been focused elsewhere, like on gasoline prices and, you know,...
  • Wolf to Georgetown: Detail Use of Saudi Millions

    02/16/2008 9:06:40 AM PST · by 3AngelaD · 4 replies · 161+ views
    Investigative Project on Terrorism ^ | February 15, 2008 | Steven Emerson
    A U.S. congressman is asking Georgetown University about its academic scrutiny of Saudi Arabia and its use of $20 million donated by a Saudi prince in 2005. U.S. Rep. Frank Wolf (R-VA) wrote to Georgetown President John DeGioia Thursday, saying he was concerned about how the money was being spent at the university's Center for Muslim-Christian Understanding. Of particular concern, Wolf said, was the university's role in training current and prospective U.S. foreign service personnel. "The Saudi government continues to permit textbooks to contain inflammatory language about other religions," Wolf wrote. "Restrictions on civil society and political activists continue to...
  • The Wall Street “Sheikh-Up” (Guess who is taking over U.S. companies?)

    02/01/2008 4:48:33 AM PST · by SJackson · 12 replies · 89+ views
    Frontpagemagazine ^ | 2-1-08 | Jonathan Schanzer
      The Wall Street “Sheikh-Up”   By Jonathan SchanzerFrontPageMagazine.com | Friday, February 01, 2008 The stock market is undergoing a dizzying correction. The subprime mortgage mess has forced credit markets to dry up and has hammered U.S. securities. Fears of recession recently sparked one of the worst stock sell-offs in years. But the worst may be yet to come. While Americans are selling their positions in U.S. companies, Middle Easterners flush with petrodollars are aggressively gobbling up these stocks at fire sale prices. Moreover, as American financial institutions report the losses that forced them to deplete their cash reserves,...
  • The New Kings of Wall Street

    01/21/2008 10:55:27 AM PST · by ddtorquee · 10 replies · 69+ views
    Businessweek ^ | Jan 10 2008 | Emily Thornton
    Six gulf states control sovereign wealth fund assets of some $1.7 trillion. Here are the men who manage these funds The men who manage the so-called sovereign wealth funds of the Persian Gulf for their governments are quickly becoming some of the world's most powerful money managers. They are using billions from Persian Gulf oil revenues to change the face of global finance by buying big chunks of blue chip companies, partnering with private equity firms to do buyouts, and increasingly snapping up companies on their own. As the credit crisis deepens, investment banks and buyout firms are stepping back...
  • America for Sale, and OPEC is buying

    01/21/2008 6:31:01 AM PST · by ddtorquee · 112 replies · 200+ views
    Set America Free ^ | January 20, 2008
    Petrodollar rich foreign governments buy their way into US board rooms - click the link to watch the video
  • China to Join Saudi In Citigroup Rescue

    01/14/2008 2:58:09 AM PST · by JACKRUSSELL · 32 replies · 135+ views
    The Wall Stret Journal ^ | January 14, 2008 | By Christina Cuesta
    Prince Alwaleed bin Talal is poised once again to save Citigroup Inc., but this time he won't do it alone. The Saudi prince will be joined by other investors including China Development Bank, people familiar with the situation said...... As David Enrich and Robin Sidel report, it isn't clear how much Prince Alwaleed will invest this time; the Chinese entity is expected to invest roughly $2 billion, one person said. Citi is hoping for $8 billion to $10 billion from investors, and will possibly unveil the investments tomorrow......
  • Dubai to Build $600M Hub in US "Corridor of Shame"

    01/13/2008 8:08:25 AM PST · by Clemenza · 197 replies · 283+ views
    Financial Times ^ | 1/13/08 | Harvey Morris
    Dubai is investing $600m in one of the poorest counties in the US to set up a manufacturing and distribution complex that would serve as a major logistical hub for North America. The long-term aim, according to people familiar with the deal, is to take advantage of a new generation of larger merchant ships passing from Asia through the soon to be widened Panama Canal and docking at ports such as Charleston and Savannah, seen as future primary gateways to the US. The project is being handled by Jafza, a unit of the government-owned Dubai World group, which has bought...
  • Citi looks to secure further $14bn in new capital -- from Chinese, Kuwaiti and - other investors.

    01/11/2008 8:23:09 PM PST · by Ernest_at_the_Beach · 87 replies · 389+ views
    Financial Times ^ | January 11 2008 22:02 | Henny Sender in New York
    Citigroup is putting the final touches to its second big capital-raising effort in as many months, seeking up to $14bn from Chinese, Kuwaiti and public market investors.Under the proposal being discussed, the bulk of the money – roughly $9bn – would be most likely to come from China, people familiar with the negotiations say. The Kuwait Investment Authority would contribute about $1bn, while $2bn to $4bn would be raised through a public placement of shares. The formula is still being adjusted and there could be last-minute changes, the people involved say. It is also possible other investors will participate.The deal...
  • Cashed-up China set to hunt down more US bargains

    12/20/2007 8:54:45 AM PST · by charles m · 34 replies · 34+ views
    AFP ^ | December 21, 2007
    SHANGHAI (AFP) — Fresh from a five-billion-dollar investment in Morgan Stanley, China's cashed-up government is set to go shopping for more bargains as it takes advantage of the financial turmoil in the United States. China's sovereign wealth fund created global headlines on Wednesday when it seized on Morgan Stanley's credit problems and grabbed a 9.9-percent stake in one of Wall Street's oldest and most storied investment firms. It was the second high-profile foray in the United States by the newly created China Investment Corporation, Beijing's 200-billion-dollar behemoth whose orders are to cruise global markets in search of sweet investment deals....
  • Morgan Stanley bailed out by Beijing after $9bn write-off

    12/20/2007 8:30:16 AM PST · by TigerLikesRooster · 20 replies · 228+ views
    Times of London ^ | 12/20/07 | Tom Bawden
    Morgan Stanley bailed out by Beijing after $9bn write-off Tom Bawden in New York Morgan Stanley became the latest bank to announce a bailout from a foreign government as the Wall Street firm reported the first quarterly loss in its 73-year history yesterday after taking writedowns of $9.4 billion (£4.7 billion) on mortgage-related investments. The writedowns, which took Morgan Stanley to a $3.56 billion fourth-quarter loss, were so severe that the bank was forced to agree a $5 billion cash injection from the Chinese Government to prop up its capital base. The Beijing Government's China Investment Corporation (CIC) will inject...