Word: bankers
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...corruption launched by Chinese authorities in one of the country's most important industries. Domestic media reported this week that at least five Chinese steelmakers and the China Iron and Steel Association are under investigation, and the scope of the inquiry is expected to widen. A senior investment banker with close ties to the Australian mining industry says that eight to 10 Chinese steel executives have been detained, adding that the relationship between Australian ore producers and the Chinese steel industry is now in "utter chaos...
When Ellen Johnson Sirleaf became Africa's first elected woman President in 2006, she inherited a country shattered by nearly two decades of civil war. Harvard educated, a former banker and World Bank official, and an opposition leader who was jailed in the 1990s, Johnson Sirleaf had natural allies in the West and at home won widespread support for her promise of egalitarian development. But the test for Liberia's "Iron Lady" was always going to be in the doing. She spoke to Africa bureau chief Alex Perry at Liberia's Foreign Ministry in Monrovia...
...choice of Boedino - an astute banker and political newcomer - as his running mate has been hailed as a sign that he intends to cut through some of the bureaucratic red tape that has been a hallmark of Indonesia's murky politics and has stalled the nation's growth in the past...
...Others regard the overwhelming mandate given to President Yudhoyono in his second and final term as head of state as a means of allowing him to focus more on policy than politics. His vice presidential pick of Boediono, a former central banker with no political affiliations, was another sign of how he resisted political pressures from coalition partners and chose a running mate known as capable and clean. "When he chose Boediono, that was the moment of truth," offers Wimar Witoelar, a former presidential spokesman. "I hope he has the courage not to be pressured by politicians. If it works...
...Chinalco deal died mainly for economic reasons, but that didn't mean the Chinese were happy about it. In fact, an investment banker close to the proposed deal says "they were furious - not just the company, but the government." The banker notes that Chinalco CEO Xiong Weiping was in Australia offering to amend the terms of the deal in order to salvage it just before Rio demurred...