(Bloomberg Opinion) — There’s a certain devil-may-care glamour about going on a shopping spree when you’re already living beyond your means. It’s probably not the best way to convince your creditors to keep putting up the cash, however. Saudi Arabia might want to reflect on that after its recent splurge on oil companies, cruise ships and soccer. In the past month, the kingdom’s sovereign wealth fund has bought or been linked to plans to buy an 8.2% stake in cruise operator Carnival Corp.; about 80% of Newcastle United Football Club; and holdings in Royal Dutch Shell Plc, Total SA, Eni …read more
Source:: Yahoo Finance
