Posts Tagged ‘sale’

Citigroup to Invest $10 Billion of Taxpayer Money in Spain!

Monday, December 1, 2008 20:09 No Comments

The heavily indebted Spanish construction group Sacyr Vallehermoso announced the sale of the highway operator Itinere Infraestructuras to Citigroup for $10 Billion (7.88 Billion Euro’s).

Citigroup is buying a toll road (Highway) in Spain.
You can’t make this stuff up!
Citigroup? The bank that was on the verge of failing last week. The bank that was on [...]

This was posted under category: C, Citigroup, Economy, Finance, Money, Spain Tags: , , , , , , , , , , , , , , , , , , , , , , , , ,

China cuts interest rate, banks’ reserve requirements

Wednesday, November 26, 2008 8:08 No Comments

China Wednesday reduced both its lending and borrowing rates by 1.08 percentage points in an effort to ease the money supply.  The Chinese central bank’s one-year yuan lending rate is now 5.58%, while the rate on one-year yuan deposits rate has been lowered to 2.52%.
The central bank also reduced bank reserve requirements by 1% for [...]

This was posted under category: Bear Market, Charts, China, Credit, Economy, Federal Reserve Tags: , , , , , , , , , , , , , , , , , ,
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