FMG 0.81% $18.59 fortescue ltd

china said to plan $3 billion invest. in fmg, page-2

  1. 3,271 Posts.
    Love these three lines

    “Iron ore will be a hot spot this year in acquisitions and IPOs because China’s steel industry is expanding into raw material supply,” said Helen Wang, a Shanghai-based analyst with DBS Vickers.

    The Australian producer is facing a funding shortfall of A$731 million for an expansion, Macquarie Group Ltd. said today in a report.

    CIC said Dec. 3 it would avoid investing in foreign financial firms after losing billions on stakes in Morgan Stanley and Blackstone Group LP.

    Guess Mac Bank is off the CIC Xmas card list....LOL
 
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