Hong Kong (CNN) – It's interesting to watch the knee-jerk reaction in the markets to China's softer growth forecast.
After nearly a decade of targeting - and invariably exceeding - an 8% annual growth rate, Beijing is now setting it at 7.5%.
We shouldn't be surprised. A clear flag was raised just last week in a report on China's economy from the World Bank, and a Beijing-backed think tank calling for a rebalancing of China's "unsustainable" economic growth.
Hong Kong, China (CNN) – U.S. insurance giant, American International Group, used to be the world’s largest insurer - until its spectacular fall in the 2008 financial crisis.
Now, AIG is inching back out of the darkness after its $180 billion bailout, the largest in American corporate history.
But the revival has come at a cost. AIG has sold bits of itself, including one of its most valuable possessions in Asia – the region’s third largest insurer, American International Assurance.
Abu Dhabi (CNN) – He was president for two terms, prime minister for one and is now in place for another stint in the top job. The question investors are asking of Vladimir Putin as he moves back to into the presidency is: What will be different the second time around?
Russian oligarchs and top policy makers within the country refer to this era as “Putin 2.0,” which has taken on a new sense of urgency since the protests from a young middle class after the parliamentary vote in December.
Viktor Vekselberg is president of Renova, a major shareholder in the TNK-BP joint venture, and a driving force in the country’s “Skolkovo” innovation project outside Moscow. In a recent interview with CNN, he said: “We don’t have time, three, five or 10 years for a slow restructuring.”
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