Category: CNNMoney.com

China’s dream project hindered by Brazil crisis

CNNMoney.com Rebecca Ray, College of Arts & Sciences, Pardee School of Global Studies China dreamed up its most ambitious project ever in Latin America last year. Now, that dream project may be falling victim to Brazil’s crisis… Expert quote: “If we talk about South America, China has been more important than the United States in […]

China’s big bet on Latin America is going bust

CNNMoney.com Kevin Gallagher, College of Arts & Sciences, Pardee School of Global Studies Last year alone, China offered $65 billion to Latin America, it biggest bet yet. Many see the move as a power play to counter the U.S. influence in the region… Expert quote: “They’re now giving loans to protect their previous loans. They’re […]

Latin America: China’s power play right under the U.S.

CNNMoney.com Kevin Gallagher, College of Arts & Sciences, Pardee School of Global Studies China is making its biggest bet ever on Latin America, just as the United States is turning its back… Expert quote: “China underestimated challenges that it would face in the region. But while the rest of the investment community has turned sour […]

JPMorgan fined $920 million in ‘London Whale’ trading loss

CNNMoney.com Cornelius Hurley, School of Law, Center for Finance, Law & Policy JPMorgan Chase agreed Thursday to pay about $920 million in fines to U.S. and U.K. regulators to settle charges related to the “London Whale” trading debacle… Expert quote: “Bank regulators are under pressure to fill the gap left by prosecutors who are giving […]

‘Call of Duty’ heads to China. But who will be the enemy?

CNNMoney.com William Grimes, College of Arts & Sciences Every bloodthirsty, militaristic first-person shooter video game needs an enemy — but it’s not always clear who that should be… Expert quote: “If you have naval combat over islands, everybody will know what that is, but there’s plausible deniability.” View full article