Archive | June, 2011

Peter Schiff’s Interview From The Panic of 2008 Film

19 Jun

FSA REPORTS: “abnormal pre-announcement price movements” in 21.2% of 2010 UK deals

19 Jun

Via Bloomberg:

“Unusual share price movements in the two days before takeovers announced by U.K. companies last year fell 9.4 percent, in a sign that insider trading may be decreasing.

There were ‘abnormal pre-announcement price movements’ before 21.2 percent of the 118 deal notices in the U.K. in 2010, the Financial Services Authority said in its annual report, published yesterday. That was down from 30.6 percent in 2009, and the lowest rate since 2003.

Factors other than insider trading, such as speculation by analysts or the press about an upcoming deal, or information leaks, could be the cause of the share price movements, the regulator said. The FSA has made market abuse and insider trading by top bankers a focus of its enforcement efforts.”

TOP 10 RESEARCH IN MOTION (RIMM) HOLDERS

18 Jun

3 MAJOR EM CONCERNS: food, energy and water insecurity

18 Jun

Via Asia News Network:

“Indonesian President Susilo Bambang Yudhoyono is calling on Asian countries to work together as the ‘moment has come’ to make the region “the continent of the future.

‘I notice that this newfound confidence is not particular to Indonesia. You can see it throughout Asia. In my heart I do believe that Asia’s moment has come, and that a much brighter future lies ahead. But we cannot take this for granted,’ Yudhoyono said in the opening remarks of the WEF at the Shangri-La Hotel in Jakarta on Sunday (June 12).

Second, he said, Asia must address growing pressures from food, energy and water insecurity, as 60 percent of the world’s 7 billion people live in Asia.”

BBC’s Iconic Television Centre up for sale

18 Jun

Things are starting to shape up in the UK. The government have stepped up to manoeuvre the BBC in beginning the process of weaning itself off of government and taxpayer handouts. The explicit requirement for UK residents to pay a TV license restricts their personal freedoms. The BBC are intending to move its headquarters to a new development in Salford, Manchester. As a result, the taxpayer-funded institution are likely to capture significant cost savings albeit compromising programme quality due to a restricted talent pool at their new base.

The Telegraph reports:

Richard Deverell, W12 programme director, said:

“Television Centre has played an extraordinary and central role 
in the history of the BBC, which will not be forgotten. Our primary aim of the sale is to maximise the value to the BBC and licence fee-payer whilst ensuring the teams and operations based there are successfully relocated.” 

Tourism is booming in Singapore

18 Jun

Via Business Wire India:

“Singapore’s tourism sector’s strong performance in Q1 2011 as well as the
uptrend in business travel and the MICE industry signal that there is strong
potential for the city-state to emerge as a top tourist destination for 2011,
forecasts Singapore business incorporation portal, http://www.SingaporeSetup.com.

Latest data from the Singapore Tourism Board reveals that Singapore has
experienced an all-time high of 990,000 in international visitorship during the month of February 2011. This number represents a 15.4% growth in visitorship compared to a year ago and brings with it a 19.1% year-on-year growth in gazetted hotel revenue, estimated at S$159 million. 

On the back of this announcement, Singapore aims to draw 12-13 million visitors and earn S$22-S$24 billion in tourism receipts this year.

As businesses and entrepreneurs look East to establish their presence in the
region, many flock to Singapore due to its reputation as a financial and
commercial hub in the heart of Asia, sound business practices, efficient and stable governance and proximity to the emerging markets that surround it. Last year alone, Singapore has hosted a strong calendar of international conferences and trade exhibitions including ITB Asia, the Singapore Airshow and Food&HotelAsia. Many of these events have picked Singapore as their choice destination year after year.”

Bloomberg Chinese Reverse Mergers Index down 44% in 2011

18 Jun

The Bloomberg Chinese Reverse Mergers Index consisting of 78 companies listed in the U.S. is down 44% in 2011.

Bloomberg

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