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LONDON U.S. billionaire Wilbur Ross said there was no shortage of opportunities to buy European banking assets after investing in a shell company he will use to pick up potential bargains. Ross, founder of private equity firm WL Ross & Co, said on Thursday he will pay about 8 million pounds ($ 13 million) to buy up to 37.8 percent of NBNK , a shell company that was being wound up. “Given the turmoil in financial services, very few companies can get access to public capital markets so we feel a company like NBNK that is listed and has supportive [...]

The world of freelance work is still dominated by programmers and designers, but jobs that have traditionally been the realm of the physical brick-and-mortar environments are starting to make their way into the virtual world. This trend is particularly evident in cities with unemployment rates higher than the national average. Workers facing underwater mortgages, massive debt, children in school and high commuting costs are limited with their mobility when it comes to finding work and are turning to creative alternatives to find a paycheck. Instead of finding ways to be physically mobile, Americans are now becoming virtually mobile with virtual [...]

Mining giant Vale is one of the many Brazilian firms eying Africa’s potentialIt plans to spend more than $ 12 billion on investments in Africa over the next five yearsAnalysts say Brazil is very keen to avoid being viewed as “neo-imperialist” powerTrade between Brazil and Africa jumped from $ 4 billion in 2000 to $ 20 billion in 2010Maputo, Mozambique — More Brazilian companies are moving into Africa amid a government drive to build closer economic ties with the continent.A year ago Vale, the Brazilian mining giant, exported its first overseas coal shipment from Mozambique.The shift of 35,000 metric tons [...]

With an unemployment rate still stuck above 8% and much talk about a mismatch between worker skills and the jobs available, many people are trying to scope out the fields that will have many job openings in the future. Many college graduates are struggling to find work and are saddled with student loan debt, prompting many colleges to shift resources to fields that are expected to be in high-demand in the future. Many who are currently unemployed or underemployed are seeking training in different fields where the jobs are considered “hot.” This content was originally published on 24/7 Wall St.  [...]

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