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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (85005)	12/23/2011 8:38:41 AM
From: elmatador	Respond to of 218314

China’s moves come as Portugal embarks on a series of asset sales as part of its 78 billion euro bailout package. European countries are mired in the euro zone debt mess, so if they’re looking to China for assistance, their chances will be boosted if there’s a Latin America-angle to sweeten the deal. The real interest for Three Gorges in EDP isn’t Portugal, but Brazil. The acquisition gives Three Gorges access to EDP’s market in Brazil where it’s a strong power producer. Last year, Sinopec bought a stake in the Brazilian arm of Spanish oil major Repsol SA for $7.1 billion. And China’s State Grid invested $1 billion last year in Brazil’s power sector, securing a 30-year concession to operate power lines in the country. Sinopec, or China Petroleum & Chemical Corp., also invested $5.19 billion in Porgual’s Galp Energia SA for oil and gas assets in Brazil earlier this year, the largest Chinese outbound M&A deal this year. China’s Three Gorges Helps Portuguese Bailout China’s Three Gorges Corp. is paying 2.69 billion euros (US$3.5 billion) for a 21% stake in Portugal’s EDP-Energias de Portugal SA. This deal has pushed China’s outbound M&A volume to $58.6 billion this year, the highest on record, according to Dealogic data. It’s also the biggest China outbound M&A in the utility and energy sector. blogs.wsj.com China’s State Grid Corp. is also in the running along with Brooksfield Management and Oman Oil for a 40% stake in Portugal’s power grid operator Redes Energeticas Nacionais SGPS SA, or REN. China’s moves come as Portugal embarks on a series of asset sales as part of its 78 billion euro bailout package. European countries are mired in the euro zone debt mess, so if they’re looking to China for assistance, their chances will be boosted if there’s a Latin America-angle to sweeten the deal. The real interest for Three Gorges in EDP isn’t Portugal, but Brazil. The acquisition gives Three Gorges access to EDP’s market in Brazil where it’s a strong power producer. Last year, Sinopec bought a stake in the Brazilian arm of Spanish oil major Repsol SA for $7.1 billion. And China’s State Grid invested $1 billion last year in Brazil’s power sector, securing a 30-year concession to operate power lines in the country. Sinopec, or China Petroleum & Chemical Corp., also invested $5.19 billion in Porgual’s Galp Energia SA for oil and gas assets in Brazil earlier this year, the largest Chinese outbound M&A deal this year.

To: TobagoJack who wrote (85005)	12/23/2011 12:00:58 PM
From: Canuck Dave	6 Recommendations Read Replies (4) \| Respond to of 218314

An age old game, with predictable consequences. Kublai Khan would allow a certain amount of gold to be converted at the "official" rate to jewellers (it was otherwise illegal to own) for fabrication, but delays were common, and those who actually got the metal were close associates. "Gold and Economic Freedom" was written by the Fed Jester himself, before he donned the belled hat and adopted oracle-speak. Life is full of stuff too crazy to make up. Say Jay, I never finished my rant on the poor old City getting hosed by those nasty Krauts. Here goes. So you guys ran out of people to rape and now the whole stinking mess is about to come crashing down? Boo hoo. That's the problem with Ponzi schemes, bud, eventually you don't have enough new meat to pile on top of the fetid carcasses. And why the hell do we need London anyway? Asian finance is maturing, and they've got the money over there. You can't handle some competition? Other banking centers are popping up, and maybe a few of them will be smart enough to not allow leverage to infinity. The whole world is eventually going to find out why rehypothecation is bad for them, and let's hope there isn't a new invention like the guillotine by the time it happens. I'm a peaceable guy, but I sure would enjoy seeing some of you guys scratching carrot fields. You guys have no idea how awful it is for most people. CD