The people voted to scrap the project that was one-third finished, $4 billion over budget, mired in allegations of corruption, and built on an unstable lake-bed. But it has a life of its own.
Russian billionaire rues the day he bought it. “We should have been more cautious and done our due diligence better.”
Not just exports and manufacturing – but services stall.
In funds with a liquidity mismatch, the First-Mover Advantage is huge, as Woodford’s investors found out.
As separatist region is rocked by violence, businesses sound alarm.
Collusion and “absolute monopoly practices.”
“An unforeseen crisis.” Other headwinds intensify too
But Mexican exports to other countries plunge, tripped up by global auto slowdown.
They undermine banks. To dodge the fallout, banks chase yield, buying stuff like CLOs, instead of lending. When loans go bad, banks may “evergreen” them.
Hedge-fund manager Steven Cohen and Michael Bloomberg are among those ruing the day they bought the crushed shares of the UK bank touted as a “bargain.”