Investors offloaded after learning US Senate had passed bailout bill
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Saturday, 4 October 2008
High Loan Exposure Becomes Dampener
Analysts say Singapore banks may have over-lent to property sector.
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Asian Money Rates Surge on Credit Concerns
Hong Kong and Tokyo three-month interbank rates rise to the highest levels in over nine months
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Suddenly, Dubai Catches a Cold
Are the wheels coming off Dubai? Momentum in the spendthrift emirate certainly looks to be grinding to a halt. Last week, Dubai received a US$15 billion bailout from Abu Dhabi, its cash-rich big sister. At least that’s how the lending facility set up by the UAE central bank is being privately interpreted. It’s just one of a number of warning signs.
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Will China’s Economy Sink with the US Crisis?
Anyone who believes China is set for smooth-sailing as the US sinks is likely to be as wrong as those arguing a year ago that the sub-prime-loan crisis was containable.
Many Chinese are recession virgins - they are far more used to booming than slowing growth. Equity investors are far more accustomed to double-digit gains than big drops in shares. It’s an open question how this year’s 58 per cent plunge in Chinese shares affects sentiment.
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Many Chinese are recession virgins - they are far more used to booming than slowing growth. Equity investors are far more accustomed to double-digit gains than big drops in shares. It’s an open question how this year’s 58 per cent plunge in Chinese shares affects sentiment.
Americans Grapple with Libor
China Lung Disease ‘to Kill 83m’
A US study has suggested that more than 80 million people in China will die in the next 25 years as a result of lung disease.
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New York Had Milk Scandal Too
China today, beset with food and safety scandals, bears an uncanny resemblance to New York 150 years ago, says this author.
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Wall Street Gets Rescue, But What About Stocks?
Stocks may get a short-term boost from today’s approval of a $700 billion financial rescue package, but the longer-term outlook is far less certain.
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Friday, 3 October 2008
Greenspan Says Markets to Recover as Investors Return
Former Federal Reserve Chairman Alan Greenspan said financial markets and the economy will recover “sooner rather than later” from the worst turmoil in seven decades.
China’s Bronze Medal
The Shenzhou 7 space vehicle has just successfully completed its earth orbiting mission while one of its three-taikonaut-crew has taken China’s first walk in the space.
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Married? Stay ‘Sexually Confident’
Shannon Ethridge on the importance of physical connection in marriage
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Singapore Recession Will Last Several Quarters: Citi Economists
Worst will likely be in H1 2009, they predict in new report
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Five Issuers to Quit Competitive Warrant Market
At least five derivative issuers will withdraw from the Hong Kong warrant market amid the global financial crisis, according to an executive of Societe Generale, one of most active participants in the market.
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1.1m Americans have HIV
A NEW estimate of how many Americans have the Aids virus puts the number at about 1.1 million, the U.S. Centres for Disease Control and Prevention (CDC) said on Thursday.
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Witch Hunt is Unfounded, Says Short Seller
Wall Street chiefs blame short sellers - those who sell borrowed stock and profit when prices decline - for driving shares down as the credit crunch unfolded
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Watch Out For The Next Risk: A Hedge Fund Death Spiral
By banning short selling of financial stocks, securities regulators in Australia, Britain and the United States may have inadvertently added to the risk that the next down-leg of the financial crisis could involve a death spiral among hedge funds.
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Spine Under Strain
What starts off as back pain could be a serious condition called slipped disc. Here’s a non-surgical solution.
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Surveillance of Skype Messages Found in China
The system tracks text messages sent by customers of Tom-Skype, a joint venture between a Chinese wireless operator and eBay, the Web auctioneer that owns Skype, an online phone and text messaging service.
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Thursday, 2 October 2008
Nestle Criticises Taiwan’s Ban on ‘Safe’ Milk Products
Swiss food giant Nestle criticised on Thursday Taiwanese authorities’ demand for it to de-list milk products which the government itself had deemed safe for consumption.
NZ Milk Products Tainted
South Korea's food safety agency said on Thursday it has banned the import of milk products from New Zealand which were used in baby formula after discovering traces of the harmful chemical melamine.
Brand China Reels from Lost Trust
Work remains to be done to build a culture of responsible, accountable management
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Bailout a ‘Disgrace,’ Congress ‘Pathetic’
The Treasury plan is a disgrace: a bailout of reckless bankers, lenders and investors that provides little direct debt relief to borrowers and financially stressed households and that will come at a very high cost to the US taxpayer.
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Don’t Count on a Santa Bailout
Rising risks from US will fan headwinds in stock markets, say analysts
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Train Engineer Texted 22 Seconds before LA Crash
A commuter train engineer sent a cell phone text message 22 seconds before his commuter train crashed head-on into freight train in Southern California last month, killing 25 people, federal investigators said Wednesday.
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Time to buy? No - Patience is a Virtue
Furthermore, it is debatable whether any US Treasury-led bailout would have any effect at all. Recall that on Monday, markets went into a tailspin many hours before the US Congress voted on the plan. So, even if a second plan is pushed through and even if this does push stocks up, it can only be a matter of time before reality sets in with regard to the US market and its fundamentals. And once this happens, investors might just cotton on to the fact that US stocks are grossly over-valued.
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Write-Downs Could See Property Stocks Slip Further
Larger developers saw 31-50% stock price falls in 2001, says Credit Suisse
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HIV Infection up Eightfold Among Gays in Southern China
HIV infections jumped eightfold over the past few years in parts of China among gay and bisexual men, according to new data from southern China.
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Wednesday, 1 October 2008
Technical Analysis by Ajith
We were expecting the STI to head down to 2200 and for the DJIA to head down towards 9500-9600, regardless of whether the Paulson bailout plan went through. The overnight 778 point is NOT a crash. We still expect further downside to the DJIA towards the 9500-9600. We attach an earlier wave count on the DJIA, which explains the basis.
Market is an illusion now
The big volatility of the market recently is only an illusion. The prices are not showing the true picture because the short sellers have been eliminated from the equation.
We are not trading in a real free market system. We are not seeing what you see is what you get (WYSIWYG). Until the short sellers return then you will see the true bottom.
Be careful when they do return (as restrictions are lifted).
The 777 point drop may have been the largest one day point drop but it was only #17 for total percentage points at 9%. The largest drop ever was 22%.
We are not trading in a real free market system. We are not seeing what you see is what you get (WYSIWYG). Until the short sellers return then you will see the true bottom.
Be careful when they do return (as restrictions are lifted).
The 777 point drop may have been the largest one day point drop but it was only #17 for total percentage points at 9%. The largest drop ever was 22%.
Putin Blasts US for Crisis
‘Everything happening now in the economic and financial sphere began in the United States,’ Mr Putin told a government meeting.
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Keppel T&T Dive May be due to Forced Selling
Key investor sold over 2.6m shares last Friday; RichLand shares also see massive drop
Not may be, it's margin calls on Agus and Santosh.
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Not may be, it's margin calls on Agus and Santosh.
Time to Try a Little Graciousness
We’ve got it ‘maid’ - but is my generation so spoilt that we can’t afford better manners?
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Electronic Evidence Tampering on the Rise
More IT-savvy users caught trying to eliminate evidence of wrongdoing.
I think using Guttman algorithm 35 passes should remove any traces that even forensic recovery software can't retrieve.
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I think using Guttman algorithm 35 passes should remove any traces that even forensic recovery software can't retrieve.
Tough Life for ‘Study Mamas’
‘The last thing we want is more rules, making it harder for us to find jobs,’ a study mama said. ‘We just want a simple life and a good education for our children.’
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Tuesday, 30 September 2008
House-hubby wants money, not kids
Wife hands hubby a $700,000 household allowance, which he uses to buy an extra-marital flat in Taiwan. What follows is a bitter divorce and revelations of a husband and father who did little for his family.
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Steel Industry in China Crumples
THE head of China’s leading steel company says the Chinese economy and steel industry are both “heading for a downward slide”, as hopes fade that China can insulate Australia’s resource-dependent economy from the widening global downturn.
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More in Market News...
American pressure on the Gulf-States to save Wall Street
Gulf diplomatic sources in New York, told Al-Akhbar that they are concerned about the U.S. pressures on the Gulf-countries to absorb the currency liquidity available in their banks.
The United States sent harsh messages to its Gulf allies demanding serious contribution in Bush’s financial rescue plan to prevent the complete collapse of financial markets.
Especially after Qatar Investment Authority rejected the investment of part of its assets in the U.S. market, Preferring to invest in Asian markets.
The United States sent harsh messages to its Gulf allies demanding serious contribution in Bush’s financial rescue plan to prevent the complete collapse of financial markets.
Especially after Qatar Investment Authority rejected the investment of part of its assets in the U.S. market, Preferring to invest in Asian markets.
JB Jeyaretnam dies
Mr Jeyaretnam, who had a pre-existing heart condition was rushed to Tan Tock Seng Hospital at about 1.30am but doctors were unable to revive him.
Mr Jeyaretnam was the first opposition member to win a Parliamentary seat in 15 years when he won the Anson By-Election in 1981. He left the Workers' Party in 2001, and in July this year, had launched a new party called the Reform Party.
Monday, 29 September 2008
Market News Access
I take time and effort to gather and put up information at my blog.
I like to share with people who appreciates my time energy spent.
I will continue to share with people who shares and/or communicate with me in any way.
Hence, I will remove access to Market News blog for those passive reader.
I like to share with people who appreciates my time energy spent.
I will continue to share with people who shares and/or communicate with me in any way.
Hence, I will remove access to Market News blog for those passive reader.
Leslie Cheung 追
I remember watching this movie with my Indonesian friend Wilson Chandra in 1990 at an old cinema on East Valley Street, Monterey Park, California.
Warren Buffett Invests In Chinese Company Developing ‘Green’ Cars
In Financial Food Chains, Little Guys Can’t Win
Maybe Short-Selling Isn’t So Bad, After All
FEDERAL regulators have banned short sales of more than 800 stocks, mostly of financial companies, in an effort to stabilize prices in a shaky market. But the move may have an unintended consequence: reducing the stock market’s efficiency and prolonging the current crisis.
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Sunday, 28 September 2008
Wall Street, R.I.P.: The End of an Era, Even at Goldman
That world is largely coming to an end.
China’s Tug-Of-War With Vale
China would rather not have Brazilian iron ore imports than have to pay extra after already negotiating a hefty price increase in February -- and the turbulence in the global economy may give it the upper hand.
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China Aims for Military Might
China is rapidly developing a highly modern military that will be the equal of Western armies with the ability to operate anywhere in the world.
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The Mayonnaise Jar and 2 Beers
When things in your life seem almost too much to handle, when 24 hours in a day are not enough, remember the Mayonnaise jar and the 2 Beers.
Continued Outflows Bar US - Nomura
Figures for the latest week suggest that Asia ex-Japan, especially Taiwan, saw consistent net outflows via mutual funds and foreign investors. We note that only China-related funds attracted net buying, while India- and Korea-related funds saw further steady net selling.
More in Market News...
More in Market News...
What $700B Won’t Buy: a Quick Fix for the Economy
It usually takes years to recover from a financial crisis severe enough for politicians to ride to the rescue with truckloads of taxpayer money.
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Downturn Casts Gloom on Streets of HK
To gauge the mood on the street about the state of Hong Kong’s economy, the Sunday Morning Post skipped the bankers and speculators and talked to regular folk.
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Dubai’s New $35,585 a Night Hotel
S.E.C. Concedes Oversight Flaws Fuelled Collapse
The chairman of the Securities and Exchange Commission, a long-time proponent of deregulation, acknowledged on Friday that failures in a voluntary supervision program for Wall Street’s largest investment banks had contributed to the global financial crisis, and he abruptly shut the program down.
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China House Prices May Continue to Fall for 10 Years to Come
Prices of residential housing in China may shrink by as much as 50 percent in the next 10 years, a top property researcher has predicted.
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When Journalists Lose Objectivity ...
As far as a coterie of western scribes were concerned, there was just nothing right or good about the 2008 Beijing Olympics.
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Chinese Regulator Calls US Lending ‘Ridiculous’
U.S. lending standards before the global credit crisis were “ridiculous,” and the world can learn from China’s more cautious system as it considers financial reforms, the top Chinese bank regulator said Saturday.
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