Today’s Best Market Rumors (12/23/2011) Falcone Settlement, China Sovereign Fund
December 23, 2011 by Douglas A. McIntyre
Updated throughout the day.
Petronas is in talks with several global oil majors including Shell and Exxon Mobil to develop petrochemical plants within its $20 billion refinery complex in southern Malaysia (Reuters)
China’s $410 billion sovereign wealth fund China Investment Corp. will receive additional funding of up to $50 billion probably to invest in Europe (Reuters)
Hedge-fund manager Philip Falcone turned down a settlement on civil fraud charges that would have banned him from the industry (WSJ)
Dougals A. McIntyre
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