Finished an issue of BusinessWeek. Indian companies are buying foreign companies furiously with 62 inked overseas deals worth US$1.38b so far this yr. In China, property prices are starting to fall after a hot period 6months ago, real estate developers in Shanghai are getting desperate as property prices have dropped 30% since. In Fance, Hewlett-Packard Co. is laying off 1200 job in Grenoble n those being retrenched are protesting on the streets.
Brighter days are ahead for Poland after Kazimierz Marcinkiewcz was appointed Poland's new PM. He promised a strong coalition that will boost growth with pro-business reforms. Jap company, Sony Corp, will have a lot to learn from Samsung Electronics Co. if it is to overturn its operating loss. King of the black gold, Saudi Arabia, is speeding up the building of new drilling rigs n related infrastructures to keep up with the growing demand. Lastly in the IT world, Dell, the world PC King, is losing a lot of customers with its poor after sales technical service.
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