Must read stories from the web
Moody’s about to throw Spanish banks in the junk pile
Downgrade expected on Monday.
RIM dismisses report of splitting firm in two
Sunday Times of London report derided by sources as a “silly fantasy”.
Falling crude price squeezes Western producers
Oil at $80 a barrel, once cause for frantic spending and growth in Alberta’s oil patch, is now prompting some firms to slash their expansion plans.
Evergrande enlists powerful allies in fight against short seller
Eight Wall Street titans jump to Chinese real estate developer’s defence.
Green tech investments move away from solar
Money flows to energy supply improvements, rather than new production techniques.
Investment banks cut Asian jobs
From Deutsche Bank to Goldman, at least 50 people laid off.
Investors pulling less money from hedge funds
Redemptions in June at lowest rate in four years.
Anheuser-Busch InBev to pick up second half of Grupo Modelo?
Big bid for Corona maker could be worth more than $10-billion.
Dollar fever in Argentina
Labour issues, inflation and government action are causing big problems in the country.
Ford bets on Palo Alto, Calif.
Opens a “lab” in Silicon Valley to boost tech and innovation credibility.
Mitt Romney’s deal with the junk-bond king
Risk, reward and the race for the presidency.