When French President Nicolas Sarkozy
met with President Hu Jintao of China
recently, the two inked a partnership that
included contracts for French companies
totaling roughly $30 billion. One of those
companies was aircraft maker Airbus,
perhaps the largest competitor of U.S.-
based Boeing. According to Robinson
Dean Fenwick Huss, the partnership
signals a change in how countries work
together in the global business arena.
“What I think is most significant in the
recent deal is that they [Airbus] saw it as
a strategic partnership and that involving
Airbus in production in a greater way
in China would be a significant part
of the deal,” Huss said in an interview
on FOX Business News Channel. “I
think it is an indication that American
companies may need to change the way
they approach marketing in China and
approach it the way the French have,
because I think strategic partnerships
are what China is looking for when doing
business with other countries.”
Subprime Crisis: Investors Wanted
The subprime mortgage crisis has raised the obvious question,
“When will it end?” Earlier this year, when Citigroup and
Merrill Lynch announced record losses, Finance Professor
Alfred Mettler was interviewed by Bloomberg Television
and said that he suspected this was just the beginning.
“All the write-offs by the big global banks have been out
of necessity. They need to find additional capital, and my
guess is that we will see more, but how much more is
simply speculation. The subprime situation is like a tall
building partly hidden by clouds. We know the building is
tall, but we just don’t know how tall. I think it’s going to be
another year or two before we see how tall the subprime
building is, and that’s when we’ll know if the write-offs that
were taken were large enough.”
*See "As I See It" for Mettler's full commentary on the
subprime issue.
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The subprime mortgage crisis has raised the obvious question,
“When will it end?” Earlier this year, when Citigroup and
Merrill Lynch announced record losses, Finance Professor
Alfred Mettler was interviewed by Bloomberg Television
and said that he suspected this was just the beginning.
“All the write-offs by the big global banks have been out
of necessity. They need to find additional capital, and my
guess is that we will see more, but how much more is
simply speculation. The subprime situation is like a tall
building partly hidden by clouds. We know the building is
tall, but we just don’t know how tall. I think it’s going to be
another year or two before we see how tall the subprime
building is, and that’s when we’ll know if the write-offs that
were taken were large enough.”
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