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eastcivic
Elite |
13-Dec-2010 13:16
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Shanghai to launch 24-hour trading SHANGHAI: Shanghai plans to be Asia's top stock market by 2013 and launch 24-hour trading by the end of the decade as it works towards setting up an international board, state media said Monday. The Shanghai Stock Exchange aims to be "one of the most influential" bourses in the world by 2020, the Shanghai Securities News said, citing a long-term development plan for the stock market. Over the next three years, Shanghai will "vigorously promote the construction of the international board", which will allow foreign companies and overseas-registered Chinese firms to list shares. No official timeline has been announced for the launch of the board. "Round-the-clock trading is a dream for any stock exchange," Liu Xiaodong, deputy general manger of the Shanghai Stock Exchange, was quoted as saying in the China Daily at the weekend. "Based on our current technology, it is very likely that we will launch it within 10 years. We are devoting great efforts to achieve that goal." Liu said the 24-hour trading service would help facilitate transactions on the country's planned international board, helping overseas traders overcome time differences |
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epliew
Supreme |
13-Dec-2010 13:11
Yells: "no worries be happy !" |
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gossip news ? SINGAPORE : The woman who miraculously survived a 12-storey fall from a condominium balcony on Friday is now up and about. Discharged after only two days in hospital, Zhou Zhi Hui described her 40-metre plunge to MediaCorp. She said: "I was spinning in the air, and felt myself fall into the water. Then I swam up. I felt like I was going to die when I was floating." The 25-year-old Chinese national said she came to Singapore to work at a karaoke lounge for six months. The plan was to save up and open her own photo studio one day. But relations with her landlord soured within a month, and her fall took place after one heated argument. Even though she survived, her problems may have only just started. She said her medical bill of almost S$3,000 remains to be paid, on top of a 40,000 yuan (or about S$9,000) loan for her move to Singapore. |
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watermelon
Veteran |
13-Dec-2010 13:07
Yells: "A bird in the hand is worth two in the bush." |
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Sis, cannotfind cannot eat porridge, can eat noodles , lol
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epliew
Supreme |
13-Dec-2010 13:07
Yells: "no worries be happy !" |
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maybe this is reason for more taiwan listing ? OSIM ? TAIPEI: Taiwan's Premier Wu Den-yih has confirmed that a landmark China-bound investment project worth three billion US dollars has passed much of the government screening procedure, local media reported Sunday. Wu's remarks suggest that the project proposed by the island's leading flat-screen manufacturer AU Optronics Corp would soon receive the government's go-ahead, the Commercial Times said. The premier said the project had been submitted to the Investment Commission to "go through the rubberstamp procedure," the paper reported. "No delay has been made." The Times said the Investment Commission was expected to officially approve the project before the month's end. The project, which was submitted to the government eight months ago, proposes the construction of a liquid crystal display plant in China's eastern Kunshan city. The plan has drawn special attention as it is seen by many as a barometer of the government's relaxation of long-standing restrictions on high-tech investment by local companies in China. Taipei relaxed the rules earlier this year, but local high-tech firms such as AU Optronics still need to keep more advanced technologies at home when applying to invest in China. Taiwan's opposition has repeatedly warned against easing controls, fearing closer economic integration will mean job losses as the island loses out to China's relatively cheaper workforce. But Taiwan's high-tech businesses have increasingly called for the rules to be relaxed, pointing out that their competitors from South Korea and Japan have been stepping up activity in China. Taiwanese businesses are among the biggest overseas players in mainland China, with at least 80 billion dollars invested. Ties between Taiwan and China have improved markedly since Ma Ying-jeou of the China-friendly Kuomintang came to power in 2008 on promises of beefing up trade links and allowing in more Chinese tourists. |
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epliew
Supreme |
13-Dec-2010 12:59
Yells: "no worries be happy !" |
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Not a buying call, just for those who are interested in energy market. China Datang Corp. Renewable Power Co., the nation’s second-biggest wind-power producer by capacity, raised $643 million selling shares in Hong Kong at the bottom of its range, as investors shun renewable energy companies. The unit of China Datang Corp. sold 2.14 billion shares at HK$2.33 apiece, after offering them at HK$2.33 to HK$3.18 each, according to two people with knowledge of the initial public offering, who declined to be identified before an announcement. Rival Huaneng Renewables Corp. canceled its IPO. Hong Kong’s benchmark Hang Seng index has fallen 6.8 percent since reaching a year-high on Nov. 8 amid concerns China will take more measures to cool the world’s fastest growing major economy and rein in inflation. Investors in China Longyuan Power Group Corp. and Xinjiang Goldwind Science & Technology Co., Chinese wind power producers, have lost almost 10 percent since they sold stock in Hong Kong in the past year. “Wind power is seen as being too reliant on support from China’s government,” said Francis Lun, general manager at Fulbright Securities Ltd. in Hong Kong. “I don’t think there’s much appetite for wind power companies in Hong Kong as we already have two listed here.” Huaneng Renewables, a unit of China’s biggest electricity Producer, China Huaneng Group Corp., scrapped its share sale because the company didn’t want to price its stock at the bottom of a range offered to investors, two people with knowledge of the transaction said. The company was seeking as much as $1.3 billion as it offered shares from HK$2.98 to HK$3.98 apiece. Price Estimates Datang Renewable is seeking to post a profit of at least 405 million yuan ($61 million) this year, compared with 366.9 million yuan in 2009, the IPO prospectus shows. Datang’s shares were sold at 13.1 times price-to-earnings estimates for 2011. Longyuan Power has dropped 9.9 percent from its IPO price last December, and is now trading at about 18.6 times for 2011, according to data compiled by Bloomberg. Xinjiang Goldwind has declined 8.5 percent since its share sale price on Oct. 8, and trades at 13.14 times for the same period. The proceeds of Datang’s share sale will be used to expand its wind-power generating capacity and pay bank loans, the prospectus shows. China Everbright Ltd., UBS AG, Credit Suisse Group AG, JPMorgan Chase & Co. and Macquarie Group Ltd. are managing the sale. Seven key investors have agreed to pay a total of $260 million for shares in the Datang unit, according to the prospectus. China Power International Holding Ltd. will buy a $10 million stake, while Thomas Lau, brother of Hong Kong billionaire Joseph Lau, will take a $20 million share. China wants at least 15 percent of its energy to come from renewable sources including wind by 2020. The world’s biggest polluter erected more wind turbines in 2009 than any other country and may install a record 18,000 megawatts of wind-power capacity this year, Bloomberg New Energy Finance estimates show. Market Decline Hong Kong’s stock market decline led Bluestar Adisseo Nutrition Group and China Auto Systems Technologies Ltd. to postpone IPOs in the city in the past month. “There are so many companies coming to the market now looking for money that investors can be very choosy,” said Fulbright’s Lun. “If I were considering an IPO I would wait a while for sentiment to improve.” |
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epliew
Supreme |
13-Dec-2010 12:56
Yells: "no worries be happy !" |
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The euro dropped against 15 of its 16 major counterparts on signs of division among European governments over how to stem the region’s debt crisis. The shared currency weakened for a third day against the dollar before European Union leaders attend a summit on Dec. 16 and 17, with Italy, Belgium and Luxembourg favoring euro-area bonds while Germany and France are opposed. The dollar strengthened before a report tomorrow that may show U.S. retail sales climbed for a fifth month. The Australian dollar snapped a two-day gain after data showing a surge in Chinese inflation stoked concern the Asian nation will raise interest rates. “Europe’s large nations may find it hard to provide further aid when they think about their own domestic factors,” said Masahide Tanaka, a senior strategist in Tokyo at Mizuho Trust & Banking Co., a unit of Japan’s second-largest bank. “The euro is struggling to rise, as the dollar is regaining strength.” |
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epliew
Supreme |
13-Dec-2010 12:54
Yells: "no worries be happy !" |
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Japanese stocks advanced, led by steelmakers, as U.S. consumers’ outlook strengthened confidence in the global economic recovery and China refrained from raising interest rates. Nippon Steel Corp., Japan’s largest maker of the alloy, climbed 2.1 percent after JPMorgan Chase & Co. increased its investment recommendation to “overweight.” Honda Motor Co., Japan’s second-biggest carmaker by sales that gets 44 percent of its revenue from North America, increased 1.1 percent. TDK Corp., an electronics maker that makes more than 30 percent of its sales in China, advanced 1.7 percent. Shares also gained as the yen weakened, improving the earnings prospects for exporters. The Nikkei 225 Stock Average gained 0.3 percent to 10,239.07 as of 12:41 p.m. in Tokyo. The broader Topix index increased 0.4 percent to 891.41 with five stocks advancing for every two that fell. The Topix lost 2.1 percent this year through Dec. 10, compared with gains of 11 percent by the S&P 500 and 8.8 percent by the Stoxx Europe 600 Index. Stocks in the Japanese benchmark are valued at 15.4 times estimated earnings on average, compared with 14.5 times for the S&P 500 and 12.3 times for the Stoxx 600. Nippon Steel rose 2.1 percent to 299 yen and JFE Holdings Inc., Japan’s second-biggest steelmaker, climbed 2.6 percent to 2,835 yen after the companies had their ratings increased to “overweight” from “neutral” at JPMorgan Chase & Co. Machinery Makers Gain Machinery makers advanced after Credit Suisse AG raised its view on Japanese factory automation-related companies to bullish from bearish, saying orders for machine tools will likely increase. SMC Corp., a maker of directional-control devices, rallied 1.9 percent to 14,190 yen, set for the highest close since November 2007. THK Co., which makes industrial machinery, climbed 3.6 percent to 1,876 yen. Nabtesco Corp., a maker of hydraulic equipment, jumped 5.4 percent to 1,682 yen, a level not seen since June 2008. Honda Motor increased 1.1 percent to 3,175 yen and was the biggest single support for the Topix. Toyota Motor Corp., the largest carmaker worldwide, gained 0.3 percent to 3,240 yen. The Thomson Reuters/University of Michigan preliminary index of U.S. consumer sentiment rose to 74.2 in December from 71.6 at the end of November. Economists projected a December reading of 72.5, according to the median estimate in a Bloomberg News survey. The yen depreciated to 84.09 against the dollar, compared with 83.67 at the close of stock trading in Tokyo on Dec. 10. A weaker yen boosts the value of overseas income at Japanese companies when converted into their home currency. China-Related Shares TDK advanced 1.7 percent to 5,840 yen. Hitachi Construction Machinery Co., which is the world’s biggest maker of giant excavators and gets more than one-fourth of its sales in China, increased 0.5 percent to 1,983 yen. Komatsu Ltd., a maker of earth movers that gets about 20 percent of its sales in China, rose 0.4 percent to 2,437 yen. China refrained at the weekend from raising interest rates to combat inflation and instead ordered banks to increase reserves at the central bank for the third time in five weeks. Reserve requirements will increase 50 basis points starting Dec. 20, the People’s Bank of China said on its website on Dec. 10. Consumer prices in China rose a more-than-forecast 5.1 percent in November from a year earlier, the fastest pace in 28 months, a statistics bureau report showed in Beijing on Dec. 11. Producer-price inflation was 6.1 percent, higher than the estimates of any of 28 economists surveyed by Bloomberg News. Nippon Telegraph & Telephone Corp., the nation’s biggest telecommunications company, declined 1.6 percent to 3,765 yen and was the heaviest drag on the Topix. The Japanese government may request the company to halve fiber-optic fees by 2015 in a bid to provide ultra-fast communications networks to all households in the country, the Nikkei newspaper reported. To contact the reporter for this story: Akiko Ikeda in Tokyo at iakiko@bloomberg.net. |
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epliew
Supreme |
13-Dec-2010 12:50
Yells: "no worries be happy !" |
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alamak.... i missed it again.
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firewood
Master |
13-Dec-2010 12:49
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Over already uncle
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epliew
Supreme |
13-Dec-2010 12:48
Yells: "no worries be happy !" |
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SAD news Mark Madoff, the elder son of convicted swindler Bernard Madoff, committed suicide yesterday, two years to the day after his father’s arrest. Madoff, 46, was found at 7:30 a.m. hanging from a dog leash attached to a pipe in the living room of his Manhattan apartment, while his 2-year-old son slept in an adjoining bedroom, said Paul Browne, a spokesman for the New York City Police Department. Mark Madoff and his brother, Andrew, were under investigation but hadn’t faced any criminal charges in the Ponzi scheme that led to their father’s jailing. The sons, along with Bernard Madoff’s brother and five directors of the U.K. arm of Bernard Madoff’s investment firm, were sued Dec. 8 by Irving Picard, the court-appointed trustee recovering assets for Madoff’s victims. |
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epliew
Supreme |
13-Dec-2010 12:47
Yells: "no worries be happy !" |
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ha ha ha...
when is the zouk out taking place ? |
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AnthonyTan
Elite |
13-Dec-2010 12:46
Yells: "patience" |
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Your face must be inside this photo, which one??????
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epliew
Supreme |
13-Dec-2010 12:45
Yells: "no worries be happy !" |
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yes i know.... when it drop by too much, then it should rebound a little. i am looking at gap up day... say it drop 5 days in a roll....normally it will see a gap up....
not now these two days......... i am still learning to read the charts....
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epliew
Supreme |
13-Dec-2010 12:42
Yells: "no worries be happy !" |
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Asian stocks rose as raw-material producers gained after China refrained from raising interest rates to cool inflation, and as copper prices reached a record. BHP Billiton Ltd., the world’s biggest mining company, rose 0.4 percent in Sydney after copper futures climbed to a record. Rio Tinto Group, the world’s third-biggest miner, gained 0.8 percent. Nippon Steel Corp., Japan’s largest steelmaker, climbed 1.7 percent in Tokyo after JPMorgan Chase & Co. increased its rating on the shares. Li & Fung Ltd., the biggest supplier to Wal-Mart Stores Inc., gained 1.2 percent in Hong Kong after U.S. consumer confidence increased. The MSCI Asia Pacific Index rose 0.3 percent to 133.49 as of 11:56 a.m. in Tokyo, with about twice the number of stocks gaining as declining. The measure earlier fell as much as 0.1 percent. The gauge dropped 0.3 percent last week as concern grew China’s central bank would raise interest rates to damp growth. The bank instead increased lenders’ reserve ratio requirement. The central bank’s lack of action “is fairly positive news,” He Zhen, who helps manage $301 million as general manager at Shanghai Huili Asset Management, said in an interview on Dec. 11 after the release of economic data including a report showing the fastest inflation in 28 months. “The central bank will be very cautious about raising interest rates.” China’s Shanghai Composite Index advanced 1.3 percent and Hong Kong’s Hang Seng Index climbed 0.8 percent. Regional Benchmarks Japan’s Nikkei 225 Stock Average climbed 0.1 percent, and South Korea’s Kospi Index was little changed. Australia’s S&P/ASX 200 Index climbed 0.6 percent. |
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eastcivic
Elite |
13-Dec-2010 12:41
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three black crows leh... still can buy meh?
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epliew
Supreme |
13-Dec-2010 12:41
Yells: "no worries be happy !" |
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hey.... wow !
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pharoah88
Supreme |
13-Dec-2010 12:40
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epliew
Supreme |
13-Dec-2010 12:39
Yells: "no worries be happy !" |
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firewood
Master |
13-Dec-2010 12:35
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x 0 Alert Admin |
Enjoy ur lunch. Eat porridge ah
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epliew
Supreme |
13-Dec-2010 12:35
Yells: "no worries be happy !" |
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2.17 still in the queue...
after lunch see how ?
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