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Global Investing News
Foreclosures Continue Falling; Chinalco Invests $19.5 Billion in Rio; 4Q Profit Falls for Viacom; Coca-Cola Beats Expectations; GM May to Bail on China Venture; Australia Senate Nixes Senate
- Widespread foreclosures caused home prices to fall in 134 U.S. metropolitan areas. Foreclosure filings eclipsed 250,000 in January, their tenth straight month above that figure, Bloomberg reported.
- Aluminum Corps of China Ltd. (ADR: ACH), China’s state-owned aluminum group, will invest $19.5 billion in debt-heavy Australian mining company, Rio Tinto PLC (RTP). More than $12 billion will be spent on mining assets and the rest will buy bonds convertible into shares, Reuters reported. The…
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