Think Positive

Tuesday, 31 March 2009

Cosco

I see 0.835 HullMA as the breakout level.

He Who Has the Gold Makes the Rules

Chinese central bank Governor Zhou Xiaochuan has a point when he said in a white paper only days before the G-20 meeting in London: “Issuing countries of reserve currencies are constantly confronted with the dilemma between achieving their domestic monetary policy goals and meeting other countries’ demand for reserve currencies.”

Chan will deliver on gift of antique houses

Star reassures fans after reports of HK govt finding sites for relics

Yuan as Asia’s reserve currency?

‘It is highly unlikely that the yuan can become the dominant currency in Asia. In five, 10 years, it may indeed become a major reserve currency - but along with the dollar and euro,’ said Mr. Lu.

Google launches free music service

Google launched its free music service on the mainland yesterday, plugging a big hole in its competition with domestic rival Baidu.

Guangdong to change system for migrants

Guangdong will overhaul its decade-old temporary-residential-permit system, which has been accused of discriminating against migrant workers, Xinhua reported yesterday.

2006 Nina Wang will is a forgery, lawyer tells court

Claim based on report by UK forensic handwriting expert

Is all that cash for real? S-chips face doubters

He added that if a company tells him that it has lots of cash and that its stock is undervalued, he is likely to challenge the company: ‘Why don’t you then privatise your company? You can relist it another time, or somewhere else.’

Rising powers want bigger say in economics

IMF becoming a chip in contest to reshape post-crisis global landscape

Venture capital funds as an option

If obtaining bank credit has become exceedingly difficult, perhaps SMEs should consider alternative sources of financial support, such as venture capital funding, which typically focuses exclusively on start-ups.

Interest revving up for Changi race track

The successful bidder will be announced in Q1 2010

On a slippery slope forecasting oil’s future

Uncertainty in the energy sector will prevail until a real replacement for oil emerges

USA: The Bernie Madoff among nations

But these days foreign leaders are in no mood to be lectured by American officials, even when - as in this case - the Americans are right. The financial crisis has had many costs. And one of those costs is the damage to America’s reputation, an asset we’ve lost just when we, and the world, need it most.

Geithner treads line between paralysis and resentment

Call it Uncle Sam’s hedge fund. The rescue of the American financial system proposed by Treasury Secretary Timothy Geithner is, in all but name, a gigantic hedge fund. The government would lend vast sums to private investors to enable them to buy loss-ridden assets at discounts from banks with the prospect of making sizeable profits.

China Ready to Launch Nasdaq-Style Second Board

China’s stock regulator issued new rules on Tuesday to prepare for the launch of a long-awaited Nasdaq-style second board after May 1 in a key step to support start-up firms starved of cash amid slowing economic growth.

Does this signals the death of S-shares?

Mark-to-Market Lobby Buoys Bank Profits 20% as FASB May Say Yes

Four days after U.S. lawmakers berated Financial Accounting Standards Board Chairman Robert Herz and threatened to take rulemaking out of his hands, FASB proposed an overhaul of fair-value accounting that may improve profits at banks such as Citigroup Inc. by more than 20 percent.