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Getting richer by $2.2 million per hour

Topics:business
67 Mexican Telecom mogul Carlos Slim Helu, the world's third richest man, increased his fortune during 2006 at the rate of $2.2 million an hour. His corporate empire is so vast that it's nearly impossible for most Mexicans to go a day without slipping a few pesos into his pocket. Forbes magazine estimated his net worth at $49 billion.

Mexico News Digest $49 billion is Slim's pickings in Mexico (Los Angeles Times)
Posted: 03/23/07 05:05 by Alain

Gambling giant moving away from other investments

Topics:business
Malaysian casino operator Genting is reviewing its business holdings. Announcing the sale of its paper and packaging unit last week, it fanned speculation that other units might go on the block as well.

Malaysia News Digest Malaysia's Genting mulls selling non-gambling assets (Yahoo News)
Posted: 03/22/07 14:25 by Kali

Venezuela's love affair with shopping

Topics:business
Despite the drive by Venezuela President Hugo Chávez towards radical Marxism and his frequent demands for the creation of a socialist state, the average Venezuelan has other interests. Chief amongst these is a love affair with shopping .

Venezuela News Digest CONSUMERISM IS KING IN CHAVEZ’S VENEZUELA (The Santiago Times)
Posted: 03/22/07 14:01 by Kali

Exxon pondering the future in Venezuela

Topics:business
Exxon has said it will comply with a decree by President Hugo Chavez to hand over its multi-billion dollar Orinoco reserve operations by 1 May, but the US oil giant is considering its options in Venezuela carefully as the country's president drives through nationalization plans.

Venezuela News Digest Exxon mulls future in Venezuela (BBC news)
Posted: 03/22/07 13:57 by Kali

Godfrey toys with the commission

Topics:business
Accused of lying under oath to the Commission of Inquiry Tuesday, Glenn D. Godfrey has now retracted his testimony regarding legal fees on the infamous Novelo’s $30 million loan transaction.

Belize News Digest Godfrey weaves a tangled web (The Reporter)
Posted: 03/22/07 12:36 by Alain
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