Word: stakes
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While making discreet diplomatic overtures to Iran, the U.S. is more openly safeguarding its relations with other nations that have a stake in Iraq's future. On the margins of the NATO summit in Prague last week, Bush met with Turkey's President Ahmet Necdet Sezer to confirm that the U.S. did not want to see Iraq's borders changed. The Turkish government is worried that Iraqi Kurds will be so overjoyed if Saddam is defeated that their mood will infect the Kurds in Turkey, rekindling demands for autonomy from Ankara. As sweeteners, Bush reaffirmed American backing for Turkey...
...fiesta, a 3,000-person bash in Mexico City, as a teen. Now 42 and the founder and CEO of Corporacion Interamericana de Entre-tenimiento (CIE), the largest live-entertainment company in Latin America, Soberon will thrill a larger audience: Grupo Televisa has paid $107 million for a 40% stake in a CIE subsidiary and will broadcast the company's concerts and sporting events throughout Mexico...
...capital has been in painfully short supply?a skill that is especially helpful when your rivals have more money than you. Bharti has garnered a total $1.2 billion of foreign equity investment, more than any other Indian company. Singapore Telecommunications has invested $650 million, and Warburg Pincus has a stake worth nearly $300 million, the private equity fund's third-largest overseas investment. Dalip Pathak, a managing director at Warburg in London, says Mittal was a key factor. "Once he makes a decision," Pathak says, "he moves very quickly...
...money Li is using to build a 3G network comes from the successes of his 2G investments. Li and his team, led by group managing director Canning Fok, were the same folks who built Orange into a leading mobile carrier in the United Kingdom before unloading their 49% stake for a cool $21.5 billion in 1999. Soon thereafter, Hutchison Whampoa sold its 23% stake in U.S. wireless firm Voicestream to Deutsche Telekom for another $9 billion...
...practice, called “eating your own cooking,” helped investors build a personal stake in ensuring good investments for their companies...