Young matador preening:

Young matador preening:
A strong, businesslike mood and all doubts dissolve.
EU eyes last-resort Greek rescue scheme. Tuesday, March 16 11:31 am. 22 mins ago. European finance ministers were on Tuesday poring over last-resort eurozone plans to rescue Greece if necessary with billions of euros in crisis loans at dissuasively high interest rates.

AND THEY SPEAK ABOUT HEDGE FUNDS. THAT THE QUICKEST WAY TO MAKE MONEY. ALSO IS A BIG RAT-TRAP FOR BANKERS. IMPORTANT TO SEE THAT “Xforez” AND THE “Beststage” IS PHONY TO READ BETWEEN STROCKS THAT ARTICLE HAVE ONLY A “HALF-CROSS”. Aviso: CMVM alerta para corretoras ilegais em Portugal. 16/03/10 11:50. O regulador avisa que Forex Club, XForex, eToro e Beststage não estão autorizadas a exercer actividades de intermediação financeira. "A CMVM informa que não estão autorizadas a desenvolver quaisquer actividades de intermediação financeira em instrumentos financeiros em Portugal as seguintes entidades: Forex Club, Xforez, eToro e Beststage", lê-se num comunicado do regulador. No mesmo documento, a CMVM faz também saber que todos os investidores que tiveram uma relação comercial com estas entidades poderão contactar o regulador através do número ver 800 205 339 ou para o email geral do organismo.

Exonerated Rio close to $12bn deal with Chinalco. March 16, 2010. Rio Tinto and Chinalco are close to signing a $12 billion (£8 billion) joint venture in Guinea after an official Chinese government report appeared to clear the Anglo-Australian group of blame for breaking off talks with the state-owned miner last year. Both companies are understood to be discussing ways to develop jointly the Simandou iron ore field in Guinea, a region where Beijing’s recent “soft diplomacy” efforts have won Chinese companies considerable local influence. The project requires the agreement of the Chinese and Guinean governments and would, if realised, be one of the largest fields in the world with output of as much as 200 million tonnes of iron ore a year, which is thought to be of a particularly good grade and richer than the metal exported to China from Australia. Rio Tinto has more than a decade of experience in Guinea, but has clashed with the West African nation’s military leadership. China, meanwhile, has recently invested heavily in an oil project there despite actions by the Government last autumn that drew condemnation from human rights groups. The deal has emerged less than a year after the proposed merger between Rio Tinto and Chinalco collapsed following opposition by the Anglo-Australian mining giant’s investors.
The rapprochement between the two natural resources giants follows the completion of an official Chinese “post mortem” report into Rio’s decision to walk away from last year’s $19.5 billion cash injection proposal by Chinalco. The report, said people who have seen the document, appears to exonerate Rio Tinto and accepts that the deal was ultimately scuppered by “ordinary market forces” that sent commodity prices rebounding sooner than expected after the global financial crisis. Rio’s decision to abandon talks with Chinalco last summer brought a humiliating end to what would have been China's biggest overseas investment. The official Chinese report reserves its strongest criticism for China’s own dealmakers, accusing them of naivety and lack of experience. Rather than condemning the Australian miner, the document calls for “introspection” by would-be Chinese dealmakers. The Chinese investigation into the failed Rio-Chinalco deal is thought to have played a modest role in smoothing relations and bringing the companies back to the table. Although Rio itself did not comment on any present negotiations with Chinalco, in the company’s annual report published today, Jan du Plessis, the Rio chairman, makes it clear that ties with the Chinese giant were not irrevocably severed by last year’s controversy. “We deeply regretted the loss of a unique opportunity to establish a strategic partnership that would have fundamentally changed our relationship with our largest customer base,” Mr du Plessis wrote in his message to shareholders. “We will continue to work towards extending our relationship with Chinalco and to pursue business opportunities that may be to our mutual benefit.” Rio Tinto and Chinalco are also understood to be discussing a range of other joint projects aimed at combining Rio’s technological skills with the Chinese giant’s influence in what mining analysts describe as “difficult places”.