Cashed-up China set to hunt down more US bargains | 1 day ago
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. ...
Sunday, January 6, 2008
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