July 27th, 2011
09:44 PM GMT
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In episode 34 of "The Boss", the business leaders we're following are making a push to get their products out.

In New York and Macau, this week it's all about selling for Steve Hindy and Francis Lui.

Despite being the boss Steve isn't afraid of getting his hands dirty when it comes to drumming up business.

And for Francis, it's a first chance to show off Galaxy's new resort.

Filed under: Quest Means BusinessThe Boss


July 27th, 2011
09:02 PM GMT
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As my hometown gears up for the 2012 Olympic Games, its inhabitants are split between whether the event will be a giant money spinner or a massive hole in the pocket.

From east to west, north to south people can be heard bemoaning the dearth of tickets while bookmakers are touting the prospects of British athletes winning gold.
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July 27th, 2011
01:48 PM GMT
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With the U.S. Federal Debt topping $14 trillion, it's worth taking a look at who actually lends the U.S. all this money.

The biggest creditor is the U.S. itself.

Of the total debt, 42% is held by the U.S. government and the Federal Reserve, according to March statistics from the U.S. Treasury.

Of that, the biggest chunk – $2.6 trillion – is held by the Social Security Agency, the U.S. government's program for retirees. Big lenders after that include the Federal Reserve and the trust funds that administer U.S. federal employee benefits.

The next chunk, 32%, is in foreign hands. That's why so many other nations have a stake in this debt standoff.

China is the largest lender, buying up $1.3 trillion in U.S. Treasuries, followed by Japan and the United Kingdom. To find out how much U.S. debt your country holds, take a look here.

The rest of the debt – 26% – is in private hands. That includes vehicles like mutual, bond and pension funds, savings bonds and institutional investors.

Lots of national governments and private investors have long chosen U.S. Treasuries because they were considered a safe haven. In times of uncertainty and crisis, the U.S. government was one of the most reliable places to park your cash. It may not be much longer.

Filed under: Business


July 27th, 2011
10:25 AM GMT
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(CNN)  Barely a month after South Sudan marked independence, a new type of conflict threatens to define relations with its neighbors in Khartoum: a currency war.

The so-called “economic war” stems from a violation in an agreement between Sudan and South Sudan over the Sudanese pound, the prior legal tender, after the south declared independence on July 9. FULL POST

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Filed under: BusinessMarketplace Africa


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