Jim Walker News
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Thomas Monaco, who helped manage FrontPoint Partners LLC’s financial services investments, is seeking to start a hedge fund focused on Asian financial stocks, said four people with knowledge of the matter.
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A fire on board a Carnival Corp. cruise ship yesterday has left 3,143 guests stranded off the coast of Mexico. No one was harmed and the ship is awaiting two tugboats.
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Carnival Corp. is towing its stricken Triumph cruise ship, which suffered an engine room fire two days ago, to Mobile, Alabama, instead of to Progreso, Mexico, as passengers complain about conditions onboard.
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Vietnam should let interest rates increase and slow economic growth to boost confidence in its currency, Asianomics Ltd. Managing Director Jim Walker said.
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China’s first interest rate cut since 2008 and loosened controls on lending and deposit rates are a “sign of panic” and will not do anything to boost the economy, Jim Walker, chief economist at Asianomics Ltd. said.
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Some dealers for Case IH, CNH Global NV’s farm-equipment unit, have attracted interest from private- equity firms seeking to profit from rising tractor and combine demand, a Case executive said.
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Zhang Xin is betting hundreds of millions of dollars that the warnings of a housing crash are wrong. The former sweatshop worker has a track record of being right.
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From her leafy, 11th-floor rooftop terrace at the headquarters of Soho China Ltd ., billionaire Zhang Xin scans the relentlessly expanding Beijing skyline she helped create. Zhang’s avant-garde buildings -- some sleek as chopsticks, others stepped like rice terraces -- became part of the hottest real estate market on Earth in 2010.
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Three dozen cranes tower over the Tianjin West Railway Station, part of a 501-billion yuan ($74- billion) government-funded building boom in this city of 9.8 million southeast of Beijing.
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Andy Rothman, a former American diplomat who now runs China macro-strategy at CLSA Asia-Pacific Markets, had a blunt message for the broker’s clients in May 2011: The Communist Party’s control of finance companies leads to “high-frequency interference.”
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