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<strong>Exponential</strong> the Skillbridge Magazine The global round-up High-speed rail in US Brazil debt A joint venture between a consortium of Chinese rail firms and US company Xpress West will build a high speed rail line between Los Angeles and Las Vegas. Services will carry passengers between the cities in 80 minutes, at speeds of up to 150mph. Analyst Gary Wong estimates that the project is worth $5 billion and will bring little direct financial benefit to the Chinese firms. It will, however, offer them strong expansion opportunities. waklingsf via flickr Fresh from awarding Brazil's sovereign debt “junk” status a week ago, Standard & Poor's has downgraded numerous large Brazilian companies including several banks. Almost half a million jobs have been lost in the Brazilian economy since January. Researchers from Fundação Getulio Vargas predict that another 2.5 million employees could be out of work by the end of 2016. The OECD predicts a 2.8% fall in GDP this year and 0.7% in 2016. 2 +1 (212) 548 4548 www.skillbridge.co
<strong>Exponential</strong> the Skillbridge Magazine Crackdown on Nigerian graft On Tuesday a deadline passed for all Nigerian government departments to ensure financial transactions pass through a single bank account. The account is being managed by Nigeria's central bank and commercial banks are estimated to lose out on $10 million as a result. President Buhari hopes the move will stem corruption by government officials which he estimates has amounted to $150 billion over the past 10 years Shell in Australia Shell's planned $70 billion takeover of BG Group faces a roadblock as the Australian Competition and Consumer Commission says it will delay a decision until November 12. The Commission has received multiple messages of concern from businesses who argue that Shell might limit local supply in favor of lucrative exports of Liquefied Natural Gas (LNG) to Asia. Competition for Google in China Indian mobile advertising firm InMobi has announced that it is to partner Chinese Android software customisation start-up APUS. InMobi hopes that the tie-up will enable it to reach 500 million new users in China and elsewhere by 2016. InMobi, which became profitable in the last quarter of 2014 and already reaches 1.4 billion devices, competes with Google and Facebook in the $100 billion global mobile advertising market. The deal follows reports that Google is preparing to re-enter the Chinese market. 3 +1 (212) 548 4548 www.skillbridge.co
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Exponential 25

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