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As its shares plummeted more than 20%to1515 year-lows on Friday, Fortis called an emergency news conference to say its position was strong and that it would expand asset sales to as much as €10bn to raise cash.
A year ago, Goldman Sachs promoted its initial public offering by touting its efforts to expand asset management, while downplaying its trading activities, on the premise that one provided more stability than the other.
TOKYO — The Bank of Japan said on Thursday that it would expand asset buying and lending and hinted at a review of its target of 1 percent inflation in the face of pressure from the incoming prime minister, Shinzo Abe, who wants bolder action against deflation.
We're just telling you whether the managers are able to expand asset values over time and/or hand out cash to investors.
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With labor in short supply and new mines becoming harder to find, the quickest and often cheapest way to expand assets is through acquisition.
This is different from later-stage investing, where individual firms expand assets under management when their industry grows.
To address this challenge, the federal government should expand asset-building programs it has financed to support vulnerable constituencies throughout the country into a broader effort that helps millions of working class Americans rebuild wealth lost during the crisis.
And banks can fund their expanded asset base because at the same time deposits are attracted into the banks by the comfort of deposit insurance.
The £3,660-a-head conference at the Victoria Park Plaza hotel, in central London, promises a "unique opportunity to gain insights from an A-list of speaker faculty on how, where and why to invest in this emerging and expanding asset class".
Today the IMF said very much the same thing – that if economic weakness persisted: "then some combination of the following would need to be considered: (i) expanded asset purchases by the Bank of England and (ii) temporary tax cuts.
Even though the Administration has expanded asset freezes and travel bans on individuals, and will require companies to report on their Burma investments, suspending sanctions, critics contend, "looks like it caved to industry pressure and undercut Aung San Suu Kyi," Arvind Ganesan, the director of the human-rights division of Human Rights Watch, told me.
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