The Business Times, 23 December 2009

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Total Pages: 28
1 28 The Business Times
  • 20 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 123/08/2009 Wednesday, December 23,2009
    20 words
  • 621 1  -  PAULINE NG M'sian carrier to buy more planes instead of just leasing them By in Kuala Lumpur MALAYSIA Airlines (MAS) plans to raise RM2.67 billion (Ssl.l billion) under a rights call to help it buy aircraft. Under its new strategy, it plans
    AFP  -  621 words
  • 798 1  -  OH BOON PING Buyout activity was dismal this year but investment bankers are betting on a more robust 2010 By [SINGAPORE] Buyout activity targeting Singaporebased companies has slumped as much as 40 per cent so far this year, latest figures from
    Dealogic Holdings Pic  -  798 words
  • MARKETS DIGEST
    • 81 1 IS$ (S$ per US$) 1.406 (USS/SS per 1.608 2.260 ;URO (US$/S$/E) 1.431 2.012 Foreign currency per US$ S$ 'EN 91.30 64.90 3.437 2.444 IK$ 7.757 5.517 !AHT 33.26 23.66 lUPIAH 9,490 6,750 lENMINBI 6.829 4.857 INDIAN RUPEE 46.81 33.29 1.136 0.808 1COMP 1,260.42 +4.76 IIKKEI225 10,378.03 +194.56 1ANG SENG
      81 words
    • 29 1 Bloomberg SINGAPORE 5.38 MALAYSIA 5.55 HONG KONG 5.00 INDONESIA 15.073 TAIWAN 4.696 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.25 SWITZERLAND 0.53 INDIA 11.75 Source:
      Bloomberg  -  29 words
  • Page 1 Advertisements
    • 3 1 8 '*****1 *****4
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    • 227 1 ■TO IF*. lllllllllllllnil I Xl 111 *M "I believe excellence is a blend of natural gifts, strong will and rigorous training." Best Private Bank 2008 Tamara Novichenko, voice instructor at the Rimsky-Korsakov State Conservatoire, Awarded by Finance Asia Saint Petersburg, Russia Best Boutique Private Bank Who would believe that blowing
      227 words
  • Page 1 Miscellaneous

  • TOP STORIES
    • THREE-MINUTE DIGEST
      • 54 2 BUYOUT activity targeting Singapore-based companies has slumped as much as 40 per cent this year, latest figures from Dealogic show. But signs of change are already evident in the last quarter of the year and investment bankers expect 2010 to bring
        54 words
      • 45 2 MALAYSIA Airlines plans to raise RM2.67 billion under a rights call to help it buy aircraft. Under its new strategy, it plans to own a third of its aircraft fleet instead of fully leasing it. FRONT PAGE
        45 words
      • 43 2 THERE are already about half a dozen orders for the new Rolls-Royce Ghost even before the "baby" Roller lands in Singapore and up to two dozen cars could be bought by local buyers. TOP STORIES, PAGE 2
        43 words
      • 45 2 RAJ Rajaratnam and Danielle Chiesi, the hedge fund managers accused of being at the centre of a vast insider trading ring, pleaded not guilty at a hearing in US District Court in Manhattan on Monday. TOP STORIES, PAGE 2
        45 words
      • 65 2 A COMPANY run by Hong Kong's best-known entertainment mogul has paid a record US$lOB million for a shop in one of the busiest districts. The price for the 1,212 square foot outlet works out to about US$9O,OOO per square foot, making it the
        65 words
      • 37 2 Z-OBEE Holdings' plan to dual-list its shares in Hong Kong by way of introduction has been put on ice after the stock exchange there suspended such listings. COMPANY NEWS, PAGE 4
        37 words
      • 50 2 KEPPEL Corp's Brazil yard yesterday secured the third of a trio of drillship repair and upgrade contracts from Noble Corporation. This brings the total sum of drillship contracts secured in recent weeks by KepFels Brasil from Noble to US$456 million. COMPANY NEWS, PAGE 5
        50 words
      • 45 2 SINGAPORE and the European Union have agreed to start negotiations on a free trade agreement, the government said yesterday. An EU-Singapore FTA will be a key addition to Singapore's network of free trade deals. SINGAPORE NEWS, PAGE 7
        45 words
      • 40 2 THE World Trade Organization upheld a US complaint against restrictions on the sale of its films, books and music in China, spurring optimism media companies will gain business in the country. ECONOMY WATCH, PAGE 10
        40 words
      • 60 2 CHINA "cannot be blindly optimistic" that its export sector will improve next year, officials said yesterday, as the Ministry of Commerce vowed to maintain stable trade policies. Exports have been hit by the financial turmoil, falling 18.8 per cent in the first 11
        60 words
    • 477 2  -  SAMUEL EE The first delivery here is expected to be some time in Q2 of 2010 By [SINGAPORE] There are already about half a dozen orders for the new RollsRoyce Ghost even before the "baby" Roller lands in Singapore and up to two dozen
      AFP  -  477 words
    • 617 2 NYT [NEW YORK] Raj Rajaratnam and Danielle Chiesi, the hedge fund managers accused of being at the centre of a vast insider trading ring, pleaded not guilty at a hearing in US District Court in Manhattan on Monday. Last week, a federal
      NYT; BLOOMBERG  -  617 words
    • 505 2 AP, Reuters, Bloomberg LATEST US DATA Resale of homes surges to the highest level in nearly three years [WASHINGTON] The US economy grew at a 2.2 per cent pace in the third quarter as the recovery got off to a weaker start than previously
      AP, Reuters, Bloomberg  -  505 words
    • 1084 3  -  MICHELLE QUAH This is among the lifestyle alternatives that Spores ageing population will need By [SINGAPORE] Lush, manicured lawns. Bubbling fountains. Bright, beautiful homes fitted with state-of-the-art living equipment. Residents strolling in the evening light. Not an advertisement for a high-end
      FILE PHOTO  -  1,084 words
    • 731 3 LAT-WP [WASHINGTON] Troubled home loans continued to mount in US banks in the third quarter as even once-sol-id borrowers increasingly fell behind on their mortgage payments. For the first time, foreclosures on mortgages serviced by US national banks and savings and loans topped
      – LAT-WP  -  731 words
    • 341 3 -AFP Music mogul pays USsloBmfora 1,212 sq ft outlet [HONG KONG] A company run by Hong Kong's best-known entertainment mogul has paid a record US$lOB million for a shop in one of the busiest districts, a report said yesterday. The sale of
      -AFP  -  341 words
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  • Page 3 Advertisements
    • 400 3 BEDB J^ju^M^M brunei darussalam THE BRUNEI ECONOMIC DEVELOPMENT BOARD Project Management Services OPEN INVITATION FOR EXPRESSIONS OF INTEREST REQUEST FOR TENDER DOCUMENTS TENDER REFERENCE NO:TC O9 O4 OO The Brunei Economic Development Board (BEDB) is undertaking a number of large scale infrastructure projects on behalf of the Government of Brunei
      400 words

  • COMPANY NEWS
    • 452 4  -  CONRAD TAN Price fluctuations lead to suspension of dual listings by way of introduction By Z-OBEE Holdings' plan to dual-list its shares in Hong Kong by way of introduction has been put on ice after the stock exchange there suspended such listings.
      452 words
    • 483 4  -  CHEW XIANG They lead in both capital raised and number of IPOs: E&Y By CHINA and Hong Kong led the world in capital raising and number of initial public offerings in 2009, according to a new report from Ernst Young. China State
      483 words
    • 473 4  -  CONRAD TAN Fees of USs3.Bb earned in buoyant financial markets By INVESTMENT banking revenue in Asia-Pacific reached a new high in the fourth quarter as banks earned record fees advising firms on a flurry of initial public offers and other share issuances that
      473 words
    • 332 4  -  MICHELLE QUAH By BOUSTEAD Singapore says a subsidiary has been awarded a $107 million contract to design and build an integrated manufacturing and support facility at the Seletar Aerospace Park. Boustead's announcement yesterday said this is the largest industrial real estate solutions
      332 words
    • 312 4  -  VINCENT WEE By ST Engineering's US shipyard continues to reel in US defence contracts, announcing yesterday a US$B7 million contract to build an enhanced version of a T-AGS 60 Class oceanographic survey ship for the US Navy. The contract was awarded to
      312 words
    • 403 5  -  VINCENT WEE Latest drillship contract is the third from Noble Corp since last month By KEPPEL Corp's Brazil yard yesterday secured the third of a trio of drillship repair and upgrade contracts from Noble Corporation. Shortly after securing two drillship upgrading jobs from Noble
      403 words
    • 364 5  -  NISHA RAMCHANDANI Earnings risk persists amid weak demand and pricing: S&P By CREDIT prospects for transportation companies in the Asia Pacific are likely to remain lacklustre for the next one to two years given the depressed levels of transport volume and increasing pressure
      364 words
    • 397 5 Reuters [MELBOURNE] Australian miner Macarthur Coal offered to buy local rival Gloucester Coal in an all-share deal worth U*****.3 million, creating Australia's biggest independent coal miner at a time of strong Asian demand. Macarthur, whose leading shareholders are China's CITIC Resources Holdings Ltd and steel
      Reuters  -  397 words
    • 415 5  -  ARTHUR SIM RWS gets first mover advantage from rival's delay By GENTING Singapore's Resorts World at Sentosa (RWS) will benefit from construction delays at Marina Bay Sands (MBS) caused by problems with weather and sub-contractors. In a research note yesterday, DBS
      RESORTS WORLD SENTOSA  -  415 words
    • 380 5  -  KEITH CHEE By TELEDATA (Singapore) is acquiring a Jakarta-listed Internet service provider (ISP) to boost its presence in Indonesia. The Singapore main-board-listed regional IT systems integrator and communications services company said yesterday that it has signed a memorandum of understanding (MOU) for the proposed acquisition
      380 words
    • 233 5 CONSUMER electronics distributor Thakral Corporation has dropped plans to switch its core business into real estate. "In view of the proposed capital reduction announced on Dec 1, 2009, the board has on Dec 17, 2009, resolved not to proceed with the proposed business
      233 words
    • COMPANY BRIEFS
      • 70 5 CAPITALAND said an indirect wholly owned unit has inked a deal to sell its entire 50 per cent stake in Chengdu Capita Land Zhixin Wenjiang Co Ltd to a party unrelated to Capita Land for 172.3 million yuan (5535.5 million). Capita Land Zhixin Wenjiang
        70 words
      • 69 5 BOARDROOM Ltd, a provider of professional business services, has entered into an agreement to sell its 33.3 per cent stake in Newreg Pty Ltd for A 514.4 million, or about SslB million. The agreement was entered into with Link Market Services Limited, an Australia-based
        69 words
      • 59 5 euNetworks Group is proposing to raise net proceeds of up to $89.8 million through a rights issue of convertible bonds, offering one bond for every 100 shares held. It plans to use $42 million to repay some of its existing debt, another $40 million
        59 words
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    • 1360 4 I^^^^^^^^^^^^^^^^—^^^^^^^^^^^^^^^^—l IN THE MATTER OF BLUESTONE OFFSHORE PTE. LTD. form 69 (3) THE COMP^ N S D ACT ""■s° (Incorporated in the Republic of Singapore) (Ruie9i) in the matter of (Company Reaistration No- *****3392G) nfk technology Singapore fte. Ltd. P V (t Q he "Company") notice of intended dividend ..nMeMSBS*
      1,360 words

  • Page 5 Advertisements
    • 254 5 K^3 In the Matter of HlHBi The Companies Act (Chapter 50) l*™*™™*™™**—*" And In the Matter of Econ Corporation International Ltd (In Creditors' Voluntary Liquidation) —-p. I Co. Reg. No. *****3115 M A 111 NOTICE OF SIXTH ANNUAL MEETING FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 307
      254 words
    • 316 5 IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND IN THE MATTER OF FINLAND GARDENS PTE. LTD. (Company No. *****7787 M) (In Member's Voluntary Liquidation) NOTICE OF RESOLUTIONS Notice is hereby given that at an Extraordinary General Meeting of the above named company held at 96 Robinson Road #10-01
      316 words

  • SINGAPORE MARKETS
    • 619 6  -  OH BOON PING CURRENCIES Surge driven by expectations of US interest rate hikes next year RIVEN by expectations of US rate hikes next year, the A US dollar has rallied sharpH ly against regional currenB cies, erasing gains chalked up by the latter over the
      619 words
    • 218 6 Changes since Dec 31,2008 YtAKIOUAIt DEC 22'09 HIGH LOW CLOSE CHNG US$ vs CURRENCY JPY 91.31 0.78 101.45 86.51 SGD 1.4100 -1.66 1.5579 1.3800 IDR 9492.50 -12.51 ***** 9325 THB 33.27 -4.15 36.31 33.14 CNY 6.8300 0.09 6.8560 6.8190 MYR 3.4400 -0.36 3.7370 3.2195 CURRENCY vsUSS Euro
      218 words
    • 98 6 Up Down Unch Up Down Unch Up Down Unch Multi Ind 9 1 6 0 0 0 9 1 6 Manufacturing 54 40 67 10 62 40 77 Commerce 20 13 26 24 18 31 )t/Stor/Comms 15 17 15 19 11 Finance 19 19 Construction 11 13
      98 words
    • 117 6 MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 18.860 18.860 48.387 48.387 Manufacturing 263.782 8.613 272.395 143.381 605 143.985 Commerce 117.841 15.008 132.849 83.227 2.780 86.007 Tpt/Stor/Comms 89.724 2.202 91.926 108.225 386 108.612 Finance 30.882 30.882 188.086 188.086 Construction 48.164 19.888 68.052 14.080 406 14.486 Pro| )erties
      117 words
    • 102 6 lapitaLand 4.150 +0.040 lapitaMall 1.770 +0.060 lityDev 11.600 +0.120 lomfortDelGrc 1.620 +0.040 losco Corp 1.090 +0.020 IBSGrp 14.820 +0.260 :&N 4.100 +0.080 ienting SP 1.170 +0.010 iolden Agri 0.495 +0.015 IK Land 4.680 -0.020 IMH 30.460 +0.860 ISH 17.700 +0.500 lardineC&C 26.180 +0.060 leppel Corp 8.230
      102 words
    • 762 6  -  ONRAD TAN DMG Partners Securities Dec 22 ADVANCED Integrated Manufacturing Corp (AIM) announced that its subsidiary has been awarded a five-year US$l35 million contract from Honeywell International while material contributions arising from this development are expected to commence in 2010. AIM would provide its value-add through the assembly
      762 words
    • 506 6  -  R SIVANITHY STOCKS EARLY window-dressing? Or programme buying before doing the same on Wall Street? Or perhaps a bit of both? Whatever the case, targeted buying of the banks and the thinly traded Jardine group yesterday lifted the Straits Times Index (STI) by
      506 words
    • 4 6 DAILY
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    • 65 6 Dec 22 VALUE CLOSE BT OB/OS -70.00 -44.00 BT CADI -*****.00 +73.00 BT 10-day MA -*****.00 -7.00 FTSE ST Mid Cap 672.56 +4.23 FTSE ST Small Cap 523.86 +2.52 FTSE ST All Share 694.67 +8.08 FTSE ST China Top 272.75 -1.33 FTSE ST China 290.93 -1.05 FTSE
      65 words
    • 58 6 VOLUME Teledata 82,537,000 Z-Obee Hldqs 68,819,000 Gentinq SP 48,935,000 Ocean us 45,207,000 MAP Tech 45,108,000 Otto Marine 30,198,000 Golden Agri 26,267,000 Sapphire 19,101,000 Suntecßeit 17,278,000 Yinq Li 16,947,000 VALUE(S) Gentinq SP 57,293,340 OCBC Bk 55,444,150 UOB 54,927,640 DBS Grp 49,121,000 Sing Tel 41,939,030 Olam 38,366,325 CapMallsAsia 32,356,630
      58 words
    • 97 6 CLOSE UP iBXT FTVietnam 10US$ *****42.0 2.5 IMH 3046 120.9 2. ISH 1770 70.3 2. iBS Gr| 1482 26.0 1.: ICBC Bk 894 26.0 3.' IOB 5.05%NCPS 100 ***** 20.0 0., At ES.0912 1158 18.0 ICBC Bk4.5%NCPS 100 9740 16.0 0., iBXT MSTaiwan 10US$ 1586 14.1 0.' Land 345
      97 words
    • 109 6 CLOSE DOWN LP 10US$ *****-238.9 -1.6 DBXT Ni 10US$ ***** -85.7 -0.6 iTXPO 100 1364 -66.0 -4.6 'mei iNav 491 -9.0 -1.8 DBXT MSKorea 10US$ 4464 -8.4 -0.1 Pair irm 600 -7.0 -0.8 DBS DBeCW*****1 -5.5 -52.4 ;TI2850BNPePW*****0 -5.5 -44.0 FXA50ETFMBLeCW*****7 24.5 -4.5 -15.5 ;GXMBLePW*****6 15.5 -4.0 -20.5 BY
      109 words
    • 86 6 Dec 22 CLOSE CHNG FR Dec 21 YR2009 S$ LOW S$ HIGH USS 1.4065 -0.14 1.5579 1.3800 Euro 2.0105 -0.12 2.0952 1.9150 Pounds 2.2594 0.06 2.4366 2.0356 AS 1.2371 0.13 1.2942 0.9453 Yen* 1.5404 0.71 1.7278 1.4831 Rupiah* 0.***** -0.11 0.***** 0.***** Baht* 4.2275 -0.06 4.3390
      86 words

  • SINGAPORE NEWS
    • 340 7  -  TEH SHI NING It is hoped that a bilateral pact will pave the way for an EU-Asean FTA By SINGAPORE and the European Union have agreed to start negotiations on a free trade agreement (FTA), the government said yesterday. An EU-Singapore FTA will
      340 words
    • 1027 7  -  MICHELLE QUAH RETIREMENT VILLAGES Most of them cite unfamiliarity and high costs as barriers By SINGAPORE'S ageing population means a growing need for greater medical care and facilities for the elderly not least of which would be a retirement village
      1,027 words
    • 371 7  -  WONG SU-JIN S'poreans are in the spirit for charitable giving, poll finds By A POLL by MasterCard revealed that some 65 per cent of Singaporeans intend to contribute to a charity during this holiday season, though only 8 per cent of all people
      371 words
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    • 1255 7 IN THE MATTER OF THE IN THE MATTER OF THE IN THE MATTER OF THE COMPANIES ACT, CAP. 50 COMPANIES ACT, CAP. SO COMPANIES ACT, CAP. 50 i^ t AND AND AND INTHEMATTEROF IN THE MATTER OF IN THE MATTER OF *<§S!BPC(QB ASIA) PTE. LTD. BPC INTERNATIONAL HALFEN-DEHA PTE LTD
      1,255 words
    • 943 7 IN THE MATTER OF THE INTHE MATTER OF COMPANIES ACT, CHAPTER 50 THE COMPANIES ACT CHAPTER 50 (Co^NoTiT^OH) <'" Credte* Volun^ W ndin g -up) MEMBERS' VOLUNTARY NOTICE OF SOLUTIONS LIQUIDATION At an Extraordinary General Meeting of A the above company duly convened and At an Extraordinary General heldat4lsßJalan Besas
      943 words

  • INVESTING 2010
    • 4123 8 Experts offer differing views, with some predicting 2010 to be a difficult year and others saying it will see recovery continuing OVERVIEW THE world escaped from a financial meltdown and a new Great Depression more easily than many dared hope in 2009. Asia
      AFP; AFP, BLOOMBERG, REUTERS  -  4,123 words


  • ECONOMY WATCH
    • 732 10 Bloomberg Optimism that decision will allow media firms access to Chinese market [GENEVA] The World Trade Organization upheld a US complaint against restrictions on the sale of its films, books and music in China, spurring optimism that media companies will gain business in the world's
      Bloomberg  -  732 words
    • 417 10 Bloomberg Move follows complaints from US and EU that Beijing's export tariffs are a threat to jobs, companies [GENEVA] World Trade Organization judges agreed to probe Chinese restrictions on raw material exports to determine whether duties on overseas shipments of nine commodities
      Bloomberg  -  417 words
    • 352 10 ■AFP [LONDON] Britain remains the last major economy in recession after official data Tuesday showed the country's output shrank by 0.2 per cent in the third quarter. The Office for National Statistics said that British gross domestic product (GDP) contracted by 0.2
      ■AFP; REUTERS  -  352 words
    • 331 10 AP, Reuters Survey cites fear of job losses, rise in energy prices [FRANKFURT] Consumer confidence in Germany, Europe's biggest economy, continues to decline amid fears of job losses, according to a survey. The survey from the GfK research group found a third consecutive slip in
      AP, Reuters  -  331 words
    • 566 10 -Bloomberg, Reuters [TOKYO] Japan, the world's fourth-largest cigarette market, will raise tobacco taxes for the first time in four years as the government faces a tax revenue shortfall and tries to discourage smoking. The Cabinet approved a plan to raise the duty
      -Bloomberg, Reuters  -  566 words

  • MALAYSIA/INDONESIA
    • 480 11 -Reuters Vice president says decision was made amid economic crisis and drying liquidity [JAKARTA] Indonesian authorities decided to rescue a small lender to avert a panic run on banks during last year's global credit crisis, reformist Vice President Boediono told a parliamentary committee yesterday. The
      -Reuters; REUTERS  -  480 words
    • 203 11 Bernama [NEW DELHI] The Kerala state government has invoked a one-year ban on palm oil imports, primarily from Malaysia and Indonesia, via Kochi port to protect coconut farmers' interests in the southern state. Cochin Port Trust chairman N Ramachandran said the ban had impacted
      – Bernama  -  203 words
    • 292 11 -AFP [KUALA LUMPUR] The Malaysian High Court yesterday ordered the government to compensate 29 rights activists for wrongful detention over a controversial gathering to discuss East Timor 13 years ago. The court awarded a total of RM870.000 (*****,000) to the activists, who were held by police
      -AFP  -  292 words
    • 387 11 -AFP They blame Freeport McMoßan for rebel leader's death [TIMIKA, Indonesia] Tribal leaders in Indonesia's restive Papua province yesterday called for the closure of a massive US mine linked to allegations of rights abuses, as they buried a slain rebel leader. Some 400
      -AFP  -  387 words
    • 245 11 Reuters [JAKARTA] Indonesia is unlikely to meet its crude oil and condensate production targets this year and next, an official at energy watchdog BPMIGAS said on Monday, due to unexpected technical hitches, ageing fields and under-investment. The government targeted crude and condensate
      Reuters  -  245 words
  • Page 11 Advertisements
    • 157 11 I A DAZZLING CHRISTMAS AT MERITUS NJ This festive season, Meritus Mandarin and Marina Mandarin invite one and all to uninhibited indulgence with its plethora of sweet and savoury goodies. Hams, j^. turkeys and roasts feature alongside log cakes, puddings and pies. jam ril^fc'1 Conveniently located in the heart of
      157 words

  • GREATER CHINA/INDIA
    • 757 12 Bloomberg Governor also says China can tolerate some inflation [BEIJING] Chinese central bank governor Zhou Xiaochuan said that reserve ratios for lenders remain an important tool, fuelling speculation that requirements may be increased to limit the risk of asset bubbles. In China,
      – Bloomberg; BLOOMBERG  -  757 words
    • 612 12 Reuters Govt think tank warns yuan will face pressure to rise against US dollar [BEIJING] China "cannot be blindly optimistic" that its export sector will improve next year, officials said yesterday, as the Ministry of Commerce vowed to maintain stable trade policies. Exports
      Reuters  -  612 words
    • 311 12 -AP [BEIJING] Social unrest, driven by abuses of power and a growing wealth gap, is on the increase in China, according to one of the country's leading think tanks. China's rapid economic rise in recent years has come at a cost, and
      -AP  -  311 words
    • 331 12 ■AFP Moncaro and Enzo Mecella take 17% stake each in Riona [NEW DELHI] Two Italian wine-makers have become the first foreign producers to invest directly in India, seeking to tap into a growing taste for the drink in the emerging market, the
      ■AFP; AFP FILE PHOTO  -  331 words
    • 261 12 Reuters [KOLKATA] The sharp surge in Indian food prices reflects the impact of the drought and inefficient distribution, which could not be addressed by monetary policy, the deputy head of India's Planning Commission said yesterday. While the increase in food prices was to
      – Reuters  -  261 words
    • 346 12 -Reuters [TAICHUNG, Taiwan] Economic powerhouse China and export-reliant Taiwan yesterday agreed to negotiate a trade deal that would cut tariffs and bring the two sides closer. An economic cooperation framework agreement (ECFA) to be worked out in early 2010 would fuse Taiwan's
      -Reuters  -  346 words
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      21 words

  • FOCUS: NEW ERA ENERGY?
    • 1349 13 AP Thanks to drilling technology, it's now being uncovered at such a rapid pace that its price is near a seven-year low [COLUMBUS] AN unlikely source of energy has emerged to meet international demands that the United States do more to fight global warming:
      AP; REUTERS  -  1,349 words
    • 666 13 ■Reuters Observers note fragmented market difficult influence, most deliveries use pipelines and contracts last decades [LONDON] Cartel opponents Australia, Canada and the Netherlands are unlikely to join an Opec-like gas group, despite Russian claims that they might. Russian officials heading the Gas Exporting
      ■Reuters  -  666 words

  • ASIA-PACIFIC/WORLD
    • 519 14 Reuters Pressure mounts on the central bank to fight deflation [TOKYO] Japan's national strategy minister said yesterday that the Bank of Japan (BOJ) had effectively set an inflation target, keeping up government pressure on the central bank to fight deflation. The BOJ
      ■ Reuters  -  519 words
    • 549 14 Bloomberg It tells them it needs time to let its assets recover from drop in value [DUBAI] Dubai World will present a standstill offer to banks in early January as the state-owned company aims to restructure US$22 billion of debt, said
      Bloomberg  -  549 words
    • 577 14 Reuters Joint bank eyes distressed banks and companies [MOSCOW] Russia's richest man Mikhail Prokhorov will pool funds with three other oligarchs who will chase distressed banks and firms, creating an unusual joint war chest for some of Russia's most aggressive portfolio investors. Mr
      Reuters; REUTERS  -  577 words
    • 455 14 AFP [ATHENS] Greece yesterday received a mild-er-than-feared sovereign credit downgrade by Moody's, the third by a rating agency on the debt-hit eurozone country as it struggles to restore its market credibility. Moody's downgraded Greece's government bond ratings to A 2 from Al,
      AFP  -  455 words
    • 258 14 Reuters [BANGKOK] Thailand's central bank governor yesterday held out the prospect that the record low interest rate of 1.25 per cent could stay unchanged all through 2010 if inflation remained within the monetary authority's target range. The comments from Tarisa Watanagase
      ■ Reuters  -  258 words
    • 368 14 j. Bloomberg [BANGKOK] Thailand's industry ministry said a court order halting projects in the Map Ta Phut industrial complex may cause losses of 600 billion baht (5525.3 billion). The estimated cost of the suspension includes the loss of jobs and revenue, Witoon Simachokedee,
      — j. Bloomberg  -  368 words
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  • WORLD
    • 715 15 Reuters Lawmakers will find US cap hard to sell in the absence of a global emission pact [WASHINGTON] US lawmakers face an uphill battle enacting a climate bill next year which includes a cap-and-trade market in greenhouse gases, after the UN meeting
      – Reuters  -  715 words
    • 102 15 AFP [LONDON] Young dancers posing with English ballerina Darcey Bussell to mark the launch of her children's dancewear range at the Royal Academy of Dance in Battersea, London. Bussell, widely considered to be one of the greatest English ballerinas of all time, retired in 2007 to devote
      AFP  -  102 words
    • 264 15 Reuters [LONDON] The proposed merger of two live music giants, Live Nation Inc and Ticketmaster Inc, was given a huge boost yesterday when a British regulatory body dropped its objections and approved the deal. Britain's Competition Commission had said in
      – Reuters  -  264 words
    • 356 15 Reuters Court ruling limits success of any probe: OFT [LONDON] Britain's consumer watchdog has dropped a two-and-a-half year probe into overdraft charges that could have cost banks billions of pounds, following a surprise court ruling in favour of the country's lenders last
      – Reuters  -  356 words
    • 329 15 Bloomberg [DUßAl] Dubai Financial Market PJSC (DFM), the only Gulf Arab stock market to sell shares to the public, offered US$l2l million to buy Nasdaq Dubai as it aims to boost liquidity and as Dubai govern-ment-owned entities restructure. The exchange would
      Bloomberg  -  329 words
    • 357 15 Bloomberg [NEW YORK] American International Group (AIG), the insurer rescued by the US government, has halted preparations for an initial public offering of its Chartis property-casualty unit, people familiar with the matter said yesterday. Robert Benmosche, who started as AlG's chief
      – Bloomberg  -  357 words
    • 463 15 Reuters Copenhagen cools chance of early polls on climate policy [CANBERRA] Australia promised to press on with its carbon trade plan yesterday despite the UN climate summit's failure to set emissions targets, but the Copenhagen outcome has cooled chances of an early election
      Reuters; REUTERS  -  463 words
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  • TransportHUB
    • 586 16  -  Its new products cater to cash-tight maritime companies, reports VINCENT WEE SATELLITE communications provider Inmarsat is hoping its recent launch of new products will help it ride through the downturn by offering more reasonably priced services for cash-strapped companies. "We started the year being cautiously
      586 words
    • 254 16 Bloomberg [TAIPEI] Evergreen Marine Corp and Cosco Container Lines Ltd are among 10 shipping lines planning to raise cargo rates on US-Asia routes next year to help minimise losses from declining global trade. The Westbound Transpacific Stabilisation Agreement is recommending an increase
      Bloomberg  -  254 words
    • 181 16 Bloomberg [SEOUL] Daewoo Shipbuilding Marine Engineering Co, the world's second-larg-est shipbuilder, said it received an order from Almi Tankers SA of Greece to build 10 oil tankers for about US$65O million. The vessels, which can each carry 160,000 tonnes of oil, will be delivered by
      Bloomberg  -  181 words
    • 1179 16  -  PRADEEP CHAWLA By YOU may be sitting in Singapore enjoying a German beer, driving a Japanese car or browsing through a store selling Chinese goods. In all these cases you have benefited from the services of a professional seafarer. Our modern way of life of
      REUTERS  -  1,179 words
    • 289 16 Bloomberg [LONDON] The Baltic Dry Index, a measure of shipping costs for commodities, fell for an 11th consecutive decline, the longest drop since April, as demand for iron ore from Chinese steel mills slowed. The index tracking transport costs on international
      – Bloomberg; BLOOMBERG  -  289 words
    • TRANSPORT HUB: SHIPPING
      • 929 17  -  DAVID HUGHES STRAIT TALK The shambles of the Copenhagen conference may have bought the industry a bit of time on emissions cuts By SO, AFTER all the hype, all the build-up, the United Nations Climate Change Conference (COPIS) at Copenhagen turned out to be
        929 words
      • 358 17 Reuters [ZAGREB] Croatia's prime minister, Jadranka Kosor, said an attempt to sell ailing shipyards had been delayed to try to agree conditions for their privatisation with the European Commission. The sale of loss-making and heavily subsidised shipyards is a key requirement for European Union membership.
        Reuters; BLOOMBERG  -  358 words
      • 238 17 Reuters [LONDON] Clean petroleum tanker rates on top global export routes were mixed on Monday with tight ship availability and healthy fixture activity helping rates for long range vessels to stay steady, while Mediterranean shipments eased. Typical Long Range 2 (LR2), 75,000-tonne shipments from the
        – Reuters  -  238 words
      • 373 17 Bloomberg 11% more VLCCs for hire over next 30 days than cargoes [LONDON] The supply of supertankers competing for cargoes of Middle East crude expanded for the first week in three, cutting owners' ability to negotiate higher freight rates. There are 11 per cent
        Bloomberg  -  373 words
      • 417 17 -AP Diesel fuel pump repaired and ship on way to Portland [ANCHORAGE] The crew of a crippled freighter adrift in the stormy North Pacific for several days repaired its engines on Monday morning and the vessel continued on its voyage to Portland, Oregon. The Coast
        -AP  -  417 words
      • TRANSPORT STOCKS
        • 105 17 '000 lee CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs rirst Ship Lease rreight Links 3rand Banks laya Hold Ltd KWentures Keppel Corp Vlercator Lines VlTQCorp MOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship iembcorp Indust iembcorp Marine ipore Ship 0.65 0.34 1.09 0.74 2.17 0.59
          105 words
        • 32 17 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings PDZ Holdings 0.90 8.60 8.54 3.13 3.10 0.09 0.02 unch 0.14 0.02 -0.03 0.01 40 308 460 261 1 297
          32 words
        • 12 17 '00 'recious Ship Regional Cont 18.30 9.95 0.20 -0.05 721 54'
          12 words
        • 11 17 '000 Doil iingamas Cont 35.80 1.12 -0.25 0.02 70! 3631
          11 words
        • 22 17 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 8.90 23.00 unch unch -0.10 unch unch unch 3151 781 0 0
          22 words
        • 23 17 Evergreen Marine ...16.85 :irst Steamship 45.85 /Van Hai Lines 15.95 t'ang Ming Marine ..11.75 0.15 0.50 0.05 unch 5 2 1 4
          23 words
        • 41 17 '000 (awasaki Hvy Ind...234.00 Cawasaki Kisen 262.00 Mitsubishi Hvy 321.00 Mitsui Eng&Sbldg ..219.00 Mitsui Osk Lines ....483.00 Mippon Express 381.00 Mippon Yusen 286.00 5.00 7511 2.00 662) 4.00 1132; 4.00 453; 1.00 991) 8.00 318! -2.00 3129; source: Thomson Reuters
          41 words
    • TRANSPORT HUB: AVIATION
      • 250 18 Over 100 Easy Jet flights cancelled due to severe weather conditions [LONDON] Budget airline Easy Jet cancelled more than 100 flights yesterday due to severe weather conditions, in a fresh blow to European passengers hoping to travel for the Christmas holidays. British
        250 words
      • 1347 18 NYT [HONG KONG] What do you do when your passengers do not fly as much as they used to? In the United States, many airlines have responded to the dropoff in travellers by tacking on charges for meals, headphones and other things that
        NYT  -  1,347 words
      • 2888 18 AIRLINE CODES: AA: American Airlines (AAL), AF: Air France (AFR), AI: Air India (AIC), AY: Finnair Oy (FIN), AT. Alitalia Airlines (AZA), BA: British Airways Public Ltd Co (BAW), BG: Biman Bangladesh Airlines (BBC), Bl: Royal Brunei Airlines Sdn Bhd (RBA), BO: Bouraq Airlines (BOU), BR:
        2,888 words
      • 81 18  -  VINCENT WEE [SINGAPORE] Express integrated services provider TNT recently undertook a special project to transport a 44-metre yacht mast from Liege to Sydney via Singapore. The urgent shipment for a yacht taking part in the Sydney-to-Hob art yacht race on Boxing Day, was transported from TNT's
        81 words
    • TRANSPORT HUB: LAND
      • 447 19  -  SAMUEL EE GM has said it will start winding down Saab after failing to find a buyer By SAAB owners here need not fret about service and maintenance if the Swedish carmaker goes under. Authorised local distributor Trans Eurokars
        447 words
      • 299 19 .-AP [DETROIT] General Motors Co has hired the chief financial officer of Microsoft Corp to run its troubled finance operations, tapping a cost-cutter who also is a potential candidate for CEO. Chris Liddell will become CFO starting next year and report directly to
        .-AP  -  299 words
      • 1110 19 ■AP [CHENGDU] Minivan salesman Zhu Vi has a problem that most car dealers elsewhere would happily swap for their own he doesn't have enough vehicles to satisfy customer demand. "Sales are exploding," says Mr Zhu, a 32-year-old manager at a
        ■AP; AFP  -  1,110 words
      • 551 19 -AP [PARIS] Eurostar resumed its high-speed rail service linking Britain, France and Belgium yesterday after a three-day suspension that stranded tens of thousands of travellers during the holiday season and left French President Nicolas Sarkozy indignant. The first train pulled out of the
        -AP  -  551 words

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    • 74 17 Netboofc Theatre i^ system B 4k^ Coinero X Goodie Bog (Contents will vary) _^^V Supported by: I a:^.v MIMCITT M ,y 1 For a list of Buzz pod locations, visit www.buzzpod.com.se i buzz! Terms and conditions apply. Prizes while stocks last. Prizes are not exchangeable for cash and are non-transferable.
      74 words



  • EDITORIAL & OPINION
    • 482 20 IT said something about the depth of corruption in Malaysia when a newspaper revealed that two F5-E jet engines from the Royal Air Force had been stolen and sold to a foreign buyer. Armed Forces chief Azizan Ariffin said that those responsible for stealing should be
      482 words
    • 1033 20  -  YOGI AGGARWAL There has been no study about its potential problems and its huge cost is underestimated NANDAN Nilekani is a man with a mission. The former CEO of IT giant Infosys in his new role of chairman, Unique Identification Authority of India
      AFP  -  1,033 words
    • 762 20  -  FRANK CHING THE BOTTOM LINE IF the United Nations climate change conference in Copenhagen failed to meet the expectations of both developed and developing countries, it did make one thing clear: the United States remains the most powerful developed country and China
      762 words
    • 1376 21  -  RYAN NAKASHIMA -AP Realising their potential to make big bucks, Hollywood is adding money and talent to movies debuting on the Internet By EBSITES that buy original video clips often pay so little that The Barmen Way, a flashy crime thriller debuting online, looked
      -AP; AP  -  1,376 words
    • 832 21  -  DAVID BROOKS NYT By IN THE 19th and 20th centuries we made stuff: corn and steel and trucks. Now, we make protocols: sets of instructions. A software program is a protocol for organising information. A new drug is a protocol for organising chemicals.
      NYT; AFP  -  832 words


  • SINGAPORE STOCKS
    • 8700 22 Transaction date: Dec 22 52-wks Tel |h Low Code Last Sale Vol C000) Hi; Day |h Low Bl Last Quote Liver Seller Div Gr Yld C'vr Net P/E M Cap Sinil Hi. Col 18 3 3148 8Telecom 9.5 2.5 5834 A-Sonic 34 16 5000 ABRHIdgs 15.5 5.5 1938
      8,700 words
    • 1667 23 52-wks Tel High Low Code Company Last Sale Vol Day Last Quote Div Gr Yld Net C000) High Low Buyer Seller C'vr P/E M Cap $mil 10 5 1181 s AAGrp 25 12 8538 t APStrategic 4 0.5 1501 s Advanced System 7.5 3.5 3480 t Adventus 20
      1,667 words
    • 415 23 Hii Ok Tel Low Code Last Sale S» Hii ly Low Lasi Div Cvr Net P/E s Comi 111 107 6389 ABFSG Bond ETF 109 819 427 CIMBAsean40 1OOUSS US808 undl 290 149 DBSSTIETF1OO 283 undl 4627 3534 DBXT DJE5O 10US$ US4335 3282 1682 DBXT FTChina25 10US$ US2975
      415 words
    • 257 23 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer
      257 words
    • 9416 23 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced FundlS 2.119/ AIGIF Spore Bond Fund/A 1.377/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.16/ APS Alpha Fund (USD)!** 0.83/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt Spore Pte Ltd AXAWM -Talents
      9,416 words
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  • FINANCE & COMMODITIES
    • 371 24 In local curr In S$ In US$ %dy %yr dy yr dy yr Index Change Change Change Change Change Change Dec 21 World Index Preliminary 824.5 1.0 21.6 1.3 22.6 1.1 25.7 t EAFE Preliminai 769.4 0.9 18.5 1.1 22.2 0.9 25.3 Euroi Prelim inan
      371 words
    • 66 24 Dec 21 KLCE PALM FUTURES (KM Delivery Opening Month Range ifl/MT) Sett Av Price Price Hi( Low Vol Open Done Position Jan 10 2519 Feb 10 2569 Mar10 2585 Apr 10 2582 Total o/p: ***** contracts 2502 2532 2495 434 4569 2547 2575 2532 2452 ***** 2555 2585
      66 words
    • 29 24 Dec 22 ten Hj( Sett JTI Dec 2822 2822 2824 ilMSCI Dec 335.2 340.4 340.4 "aiwan Dec 281.0 284.5 284.5 Source: MF Global (S) Pte. Ltd
      29 words
    • 21 24 Dec 22 Bid Offer 1-month 1.4057 1.4068 2-months 1.4061 1.4072 3-months 1.4064 1.4074 6-months 1.4069 1.4081 Source: OCBC
      21 words
    • 78 24 Dec 22 (US$) (SS) 0.***** 0.***** 1 mth 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9mths 0.***** 12mths 1.***** SWAP
      78 words
    • 341 24 Dec 22 URODOLLAR FUTURES VlariO un10 >ep10 DedO 99.6350 99.3900 99.0550 98.6800 0 0 0 0 ***** 6277 3386 2949 EUROYEN TIBOR FUTURES VlariO 99.6250 99.6250 un10 >ep10 DedO Vlar11 un11 iep11 Dec11 99.6250 99.6250 99.6600 99.6800 99.6700 99.5850 99.5600 99.5600 99.3650 0 0 0 0 0
      341 words
    • 180 24 Dec 22 tUBBER Futures (Closing prices) !SS 3 (US cents/kg) flonth High Low Close Sett Volume (lots) O/l lots) Ian 10 281.5 =eb 10 Vlar 10 <\pr10 Vlay 10 lun 10 281.5 281.5 282.5 283.5 285.0 285.0 285.0 40 60 642 779 614 490 730 634 FSR 20
      180 words
    • 85 24 Dec 22 Period Issue code Maturity Yesterday's Bid Hie Day's h Low 3-Month BQ*****N 25.03.2010 1-Year BY*****N 01.11.2010 0.54 0.55 0.5 0.47 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year NX*****H 3.625 5-Year N*****0N 1.375 7-Year N*****0S 2.875 10-Year NX*****W 2.500 15-Year
      85 words
    • 130 24 As at 9am Dec 22 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2270 1.2640 an dollar 1.3160 1.3320 Euro 1.9990 2.0210 NZ dollar 0.9830 1.0050 terlinc nd_ 2.2480 2.272C US dollar 1.3980 1.4150 Local dollars to 100 units of foreign
      130 words
    • 171 24 Dec 22 Overnight 1-month 2-months 3-months Overnight mode: 1/8 US$ 0.05 7/16 9/16 11/16 Offer 0 01 3/16 5/16 7/16 Bid 7 days 1 month 2 months 3 months 6 months I. 12 months $Au 0.25 0.29 0.35 0.37 0.55 0.90 1.00 Offer 0.20 0.24 0.25 0.27 0.45
      171 words
    • 448 24 Dec 22 iuro 'en (on 'eso lam 'ouni wstralia 0.934 6.014 0.615 6.831 41.228 83.574 0.804 10.392 3.026 1.249 74.164 40.959 1.238 6.806 0.921 28.491 29.295 0.548 0.881 Canada 1.071 6.440 0.659 7.316 44.153 89.503 0.861 11.129 3.241 1.337 79.426 43.865 1.326 7.288 0.986 30.512 31.373 0.587
      448 words
    • 136 24 Dec 22 GOLD (USS/oz) Dec 21 Dec 22 Hong Kong 1111.80 1095.60 London Dec 18 Dec 21 1100.70 1101.70 1101.50 1102.50 Source: Thomson Reuters CAST BAR (S$) Dec 22 Buying Sellinc Kilobar "53,303.12" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 5gm 10gm 20gm 50gm 100gm 1 oz
      136 words
    • 156 24 Dec 22 Against SS Currencies Bid Offer Against USS Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2373 1.2389 0.8804 0.8809 Canadian dollar 1.3251 1.3268 0.9429 0.9434 Euro 2.0110 2.0131 1.4309 1.4314 NZ dollar 0.9909 0.9924 0.7051 0.7056 Sterlinc nd_ 2.2593 2.2616 1.6076 1.6081
      156 words
    • 64 24 Dec 21 minimum, 99.7 jrity (US$/tonne) Co Close Previous :ash 2231.75 2201.25 months 2269.00 2238.00 Copper, Grade A (US$/tonne) ;ash months 6893.25 6935.00 6797.51 6845.01 .ead (US$/tonne) :ash 2276.00 months 2310.00 2288.0I 2320.0I lickel (US$/tonne) ]ash months *****.00 *****.01 *****.00 *****.01 'in (US$/tonne) :ash *****.00 *****.01 months *****.00
      64 words
    • 75 24 Dec 21 (£/tonne) Close Prev Hii ih/Low War 10 2213 2217 2255/2212 Way 10 2232 2237 2271/2231 lul 10 2211 2215 2244/2210 iep10 2183 2187 2213/2185 IOFFEE (US$/tonne) Close Pev High/Low Ian 10 1305 1325 1340/1298 Vlar 10 1344 1364 1377/1334 Vlay 10 1380 1397 1409/1370 SUGAR (US tonne)
      75 words
    • 100 24 Dec 21 (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Jan 10 1001.00 1012.00 1020.00 999.75 Mar 10 1008.50 1020.00 1027.75 1007.25 May 10 1014.50 1026.25 1033.75 1013.50 JuMO 1018.75 1031.50 1038.00 1017.75 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Ian 10 38.28 38.33 38.70 38.25 Mar10
      100 words
    • 75 24 CRUDE OIL PRODUCTS Dec 21 origin] IS$/barrel Close Cham irent blend (1-Mth F) 73.79 0.63 WTI (Near Mth) 71.95 -0.93 iubai (1-Mth F) 73.24 0.46 "apis blend 78.30 0.40 i/linas 75.90 0.40 >RODUCT JS$/barrel (FOB S'pore) Close Change Naphtha let Kerosene 78.10 81.70 1.75 0.05 JS$/barrel )pec Oil Basket Price
      75 words
    • 2348 24 BONDS, WARRANTS EXTENDED SETTLEMENT Expiry Fel Zode Comi Last Sale +orVol Conv Exer ['000) Ratio Price Disc Gear- Mths ing Left Asia-Pacifk Strategic W*****6 2.5 unch 50 >036 Advance SCT Ltd W*****9 0.5 3756 Asiatic Grp (H) Ltd W*****2 9 1 8 1105 Asiatravel W*****7 35 >878 Aztech Systems W*****6
      2,348 words
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    • 76 24 Always guaranteed market prices, always Pure Deal, now with DMA I Discover PureDMA Pure Deal with Direct Market Access I Market depth access Trade inside the market spread I It i l\t\ Iv Iv r~ I I Free to active clients Guaranteed market prices as always with IG Markets IVJ
      76 words

  • Page 25 Advertisements
    • 3106 25 The Business Times Shipping Times 0k ___F^| BlWn^BffTWWtHT^ffffßßnß WAN HAI INTERNATIONAL PTE LTD UEN: *****4695 M f^f^TV W% K^£ afliWrWr'^TO'lTlTmimß V"vll\ IAIA l_l UAI lIMFr TEL *****588 (14UNES) FAX:*****163 1 *>-! a■ r«7»V-l«^B K|B9a| MPi9rMHE V\^J^B 1 WAN HAI INt--) PKL TEL: (03| *****85S FAX: (03) *****288 PEN TCL: (04)
      3,106 words

  • Page 26 Advertisements
    • 3313 26 I linn eastern car liner, ltd inj§ 53®32& I B__^^^^^^B 1 SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS WEEKLY EXPRESS SAILING SCHEDULE I I SP™'™ VOY -g2!!!EIML- t'"'"3'KT) _I!N_ PKL _PEN_ _jKT_ _SUR_ _BTU_ Mi tmmmmmmi VESSEL VOY SIN I PKG I JEA I BND SIN I PKG I
      3,313 words

  • EXECUTIVE MONEY
    • 783 27 Reuters Risk appetite has cooled and traders have decided a slide in the dollar has gone too far, reports MARCO GARAVELLO [LONDON] FOREIGN exchange markets are likely to be more volatile next year as a rise in risk aversion and the gradual withdrawal of central bank
      Reuters; AFP  -  783 words
    • 822 27  -  DANIEL KRUGER Bloomberg By [NEW YORK] Bill Gross, who runs the world's biggest bond fund, cut government debt holdings and boosted cash to the most since Lehman Brothers Holdings Inc collapsed in 2008 amid increasing speculation that interest rates will rise. Mr Gross, who
      Bloomberg; BLOOMBERG  -  822 words
    • 1249 27  -  MARGARET COLLINS JEFF PLUNGIS Bloomberg Target-date funds may hold bigger risks than consumers know By and [WASHINGTON] John Hancock's Lifecycle 2010 mutual fund is marketed as an investment that "becomes more conservative" for people approaching retirement age. Thirty-five per cent of the fund's
      – Bloomberg  -  1,249 words
    • 1576 28 Bloomberg CEOs confident of economic recovery, paying prices that are 37% higher than the average since 2001, reports RITA NAZARETH [NEW YORK] AMERICAN companies are paying the biggest premiums on record in takeovers, a sign that executives are growing more bullish about profits and stocks
      Bloomberg; AFP  -  1,576 words
    • 1247 28  -  ADAM HAIGH ADRIA CIMINO Bloomberg By and [LONDON] European equity strategists say that earnings growth can push stocks 11 per cent higher next year following the steepest annual rally in a decade. Goldman Sachs Group Inc and Bank of America Corp, which
      Bloomberg; BLOOMBERG  -  1,247 words
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