Asia turning to Middle East for capital'East-east' deals pressure the West From: International Herald Tribune | Date: December 1, 2006| Author: Heather Timmons | . Provided by ProQuest LLC.Copyright information

International Herald Tribune

12-01-2006

When the Bank of China began promoting a $10 billion stock offering last year, Prince Alwaleed bin Talal of Saudi Arabia was interested, according to an adviser. But the prince, a big shareholder of Citigroup, was not initially wooed as an important potential investor. The Chinese instead planned to focus their marketing of the shares in London and New York, the traditional centers of capital. A year later, it is the Saudis and ot...

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