Brazil will invest $17 billion on public transport for the 2014 World Cup and the 2016 Summer Olympics, President Dilma Rousseff announced Tuesday.She said in a speech here that the federal government, states and cities would earmark a total of 32 billion reals ($17 billion) for streetcars, subways and bus stations but gave no timetable
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If you happen to be in London from Oct. 25-28, you might think of attending the China Investment Summit being held at The Grange St. Paul’s Hotel in the City’s financial district. The Summit will bring together European and institutional investors, sovereign wealth funds, banks, fund managers, regulators and others seeking to access investment opportunities
Appaloosa Management LP’s David Tepper , hedge fund manager Mark Kingdon and Lansdowne PartnersLtd. cut bets on Bank of America Corp. (BAC) in the third quarter as Warren Buffett ‘s Berkshire Hathaway Inc. (BRK/A) invested in the lender. Tepper, who counted Bank of America as his largest holdinglast year, sold his remaining 10 million common