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Elman Says Noble to Make Announcement on New CEO Soon Video

Jan. 16 (Bloomberg) -- Richard Elman, chairman of Noble Group Ltd., a commodity supplier part-owned by China's sovereign wealth fund, talks about the company's growth strategy and business outlook.
He also discusses Yanzhou Coal Mining Co.'s agreement to buy Noble's Australian coal-mining unit Gloucester Coal Ltd. He speaks with Rishaad Salamat and Susan Li on Bloomberg Television's "Asia Edge." (Source: Bloomberg)

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Global finance is a convergence of polar opposites. It is a hybrid element that is the result of merging bankruptcy and profitability and the infusion of the ethically inclined and the ethically obscene. The obtuse minded institutional banking system and the endless motivational depth of the prototypical entrepreneur clash and a give and take, debt and debtor mentality evolves. This evolution results in the crisis of indentured servitude where the banks will give but will take much more. The entrepreneur is often stranded without the means for economic defense in difficult times and the FDIC backed lender moves in to take assets whose value are derived by number crunchers in a backroom and the banks corporate headquarters.

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