Word: banking
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...business owners like my barber succeed will normality return to Gaza. Mohammed Telbani owns the largest factory in Gaza, making cookies and ice cream. But he can't get his raw materials and packaging through the Israeli embargo, and he can't send his finished products to the West Bank, where distributors have started buying cookies from Lebanon instead. "I've worked on creating that market for 30 years, and now it's gone," Telbani said. Gaza's beaches may be packed and its streets safe, but its factories are shut, and its stores have almost no customers. The economic...
...July 23, Beijing made its boldest investment play yet. The China Development Bank (CDB), a huge, state-owned institution that until recently has focused on making large, subsidized loans for infrastructure projects, typically in the country's poorest regions, is plunging into the middle of a takeover fight for one of Europe's biggest and most venerable banks. Teaming up with Singapore's state-owned investment vehicle, Temasek--which will put up an initial $1.9 billion--CDB will fork over $3 billion for a stake in Barclays, the British bank locked in a struggle with a consortium led by Royal...
...Cooperation Council) countries, and he is looking to other frontier markets, including Kazakhstan and Georgia. Pushed to home in on one idea, Leitner says his favorite trade is buying a short-dated Swedish krona call option against the euro. It's a way of playing the next Swedish central bank meeting, he explains...
...Still, the opening in March of Heathrow's $8.5 billion Terminal 5, where BA will centralize its operation from two of the hub's other terminals, ought to offer a welcome boost. According to investment bank Merrill Lynch, T5, as the new terminal is known, should allow the airline to coordinate schedules and squeeze costs by, for instance, not having to ferry passengers between terminals. Maybe BA will have better luck next summer...
Touch screen technology doesn't suit everyone, of course. Administrators of the majestic Cathedral of St. Joseph in Baton Rouge, a presence on the Mississippi River bank since 1792, considered installing kiosks The Roman Catholic cathedral attracts many visitors, but the doors are often open when no employees are there, says Mark Blanchard, Stewardship Director for the diocese. "Many people do want to make donations," he said...