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Three Chinese banks in world's top four: study

Three Chinese institutions were among the world's top four banks at the end of 2007 at a time when the market capitalisation of Western banks was suffering from a global financial crisis, a study showed Wednesday.

The number one spot in the rankings, compiled by the Boston Consulting Group, was occupied by the Industrial and Commercial Bank of China, with market capitalisation of nearly 340 billion dollars (218 billion euros).

In second place was China Construction Bank, followed by HSBC of Britain, Bank of China, Bank of America and Citigroup of the United States.

The study found that banks in North America and Western Europe had suffered a loss of 695 billion dollars in market capitalisation at the end of 2007 while their counterparts in emerging market countries Brazil, Russia, China and India had seen their market capitalisation increase by 753 billion dollars.

Major US and European banks have suffered losses and asset writedowns stemming from the near collapse of US subprime -- high risk -- mortgage sector, which undermined the value of billions of dollars' worth of their mortgage-backed securities.

Source from Yahoo.com, finance

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01-May-2008 13:21

Others / Tranaparency. Setting tone for other multinational

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Just for sharing info:

MM: Why it is so, a good reasons for GIC not to be too transparent as compare to Temasek Holding, stating no companies likes to disclose and have it moves anticipated and for reason may rise people's rising expectation in speniding away the return.

Five to ten year for GIC to disclose and for Temasek is annually, the same goes for listed company as required. Meanwhile PM told media at the sidelines in Jan at Davos World Economic forum, GIS is moving forward, we've decide to d to (do) more. Let see.

source from SPH (News) Thursday, May 1, 2008 (Labour day)

Wishes every one a happy labour day. Havea nice day relaxing.

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01-May-2008 13:04

Cedar Strategic / It's Time Again

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It's a matter of timinn & mkt sentiment. Xpress once had gone up 0.23ct, now seem lagging settled at 11ct (half price) Chart

teeth53	Posted: 29-Apr-2008 08:40 * Quote this Post!
	It is time again. This time another new chief taking over....humm. JADE appoints Comfort Group's former MD as new group president. Mr Sam Chong My view is he is from Xpress, so just check how far Xpress share price has been perform ?. JADE will be performing just like what has been for Xpress. Just sharing my tot.

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01-May-2008 11:52

Others / DOW

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Dow closed a shade lower...

DOW 11.81 -0.09% 12,820.13

NASDAQ 13.30 -0.55% 2,412.80

S&P 500 5.35 -0.38% 1,385.59

Why the Fed's not done cutting rates

The market is past its panic phase, but a grinding slowdown means Wednesday's rate cut won't be the last one this year.

By Colin Barr, senior writer

(Fortune) -- The market is eager to see Ben Bernanke heading for the sidelines. But with the U.S. economy softening, he may not stay there for long.

The Federal Open Market Committee concluded a two-day policy meeting Wed afternoon by cutting its key fed funds overnight lending target by a quarter-point, as expected, to 2%. Trading in futures mkts predicts, Fed will hold the line there in coming mths. If the mkts are right, the central bank will now go on hold for 1st time since it began cutting rates last summer in response to troubles in the credit markets. The shift wouldn't come a moment too soon for some observers.

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01-May-2008 00:28

Others / DOW

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Why the Fed's not done cutting rates

5:45am: The market is past its panic phase, but a grinding slowdown may soon put Bernanke back into easing mode. more

Fed could burst oil's bubble

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01-May-2008 00:25

Others / DOW

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Dow trading above 100 points... Smiley

DOW 111.79 +0.87% 12,943.73

NASDAQ 14.22 +0.59% 2,440.32

S&P 500 6.18 +0.44% 1,397.12

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30-Apr-2008 09:47

Straits Times Index / STI to cross 3000 boosted by long-term investors

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Morning trading is mostly red...Market is slowly turning more greenish on my screen. Smiley

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30-Apr-2008 09:35

Others / Property and it prices - Outlook for 2008

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On today Straits Times paper, it published on back Page (Money page - H24) is said CapitalCommercial Trust (CCT) is deferring its planned redevelopment of Market Street carpark into a $1.0 bil - $1.5 billion premuim office building dut to volatile market and rising cost in building construction..office tower.

Now, a decision was announced, a decision will be made not earlier than mid 2009.

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29-Apr-2008 09:51

Others / S'pore cost of living is set to go up much higher

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Ivory Height, J.East St13, just opp d town centre maybe worth that much in time to come....YA. agree or dis-agree?.

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29-Apr-2008 09:49

Others / S'pore cost of living is set to go up much higher

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YA...has the same view, unless JE central is on now, then maybe such prices will work into it. JE central is worth about that much...in 10 years, 850k still ok for today price

des_khor	Posted: 29-Apr-2008 09:21
	Last month I just went to see Lake Shore they offer me 12 flrs with pool view at $910,000 exclude stamp fee !!! I think really crazy at this price for 99 years !!!

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29-Apr-2008 09:43

Others / Property and it prices - Outlook for 2008

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YA...has the same view, unless JE central is on now, then maybe such prices will work into it.

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29-Apr-2008 09:07

Cedar Strategic / It's Time Again

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YA..Should by this way memm..... Smiley

Jade

0.075

0.080

+0.005 cent

+6.7%

Volume Done 2,048,000

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29-Apr-2008 09:05

Cedar Strategic / It's Time Again

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Very funny, should work d other way round......hummm.... Smiley

Express share has not been trading encouraging, my personnal view only: it is lagging.

Sell into strength, buy on weakness and my view is don't read too much into it

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29-Apr-2008 09:02

Cedar Strategic / It's Time Again

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Xpress has gone up 0.005ct or about 5% to 11ct, for Jade it remain unchange at 0.075 ct

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29-Apr-2008 08:53

Cedar Strategic / It's Time Again

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Express share has not been trading encouraging, my personnal view only: it is lagging.

Sell into strength, buy on weakness and my view is don't read too much into it

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29-Apr-2008 08:48

Others / S'pore cost of living is set to go up much higher

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This project announced will take another 12 -15 years to see those result, so can wait...wait lohh. So can't then maybe can start sell them to prospective buyer. Can sort of get a good price and move to JW.

jackjames ( Date: 29-Apr-2008 08:43) Posted:

http://www.ura.gov.sg/MP2008/Jurong/video.htm

watch this 4 minutes future jurong video.. it is impressive ...

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