in Investment Biker
Thursday, December 31, 2009
in Investment Biker
Friday, December 25, 2009
Thursday, December 24, 2009
Tuesday, December 22, 2009
The 2.2 percent increase in gross domestic product from July through September compares with a 2.8 percent gain previously reported by the Commerce Department in Washington.
Thursday, December 17, 2009
Under the terms of the agreement, Delta will receive gross proceeds of $65 million, which will result in approximately $50 million net to the Company after all contingent payments to third parties. The settlement agreement fully concludes Delta's offshore California litigation against the federal government.
Monday, December 14, 2009
Abu Dhabi stepped in to help fellow United Arab Emirates member Dubai with a $10 billion injection, of which $4.1 billion was allocated to troubled state-owned conglomerate Dubai World to pay immediate obligations, Dubai said on Monday.
"The government of Abu Dhabi has agreed to fund $10 billion to the Dubai Financial Support Fund that will be used to satisfy a series of upcoming obligations on Dubai World," the chairman of the Dubai Supreme Fiscal Committee said in a statement.
"As a first action for the new fund, the government of Dubai has authorized $4.1 billion to be used to pay the sukuk obligations that are due today."
Monday, December 7, 2009
TA Global is involved in property development and its portfolio of PROPERTIES include Menara TA One, shophouses at USJ Taipan and Subang Business Centre while in Australia, they are the Radisson Plaza Hotel in Sydney, The Westin Melbourne Hotel while in Canada, they are Terasen Centre and Aava Whistler Hotel.
TA Global non-independent, non-executive director Datin Alicia Tiah said TA Global expects to derive a lot of its revenue from its property investments and hotel operations, with its revenue from its hospitality division anticipated to increase threefold with its hotels in Australia, Singapore and Canada. (RM0.46)
Saturday, November 28, 2009
Dubai’s debt woes may worsen to become a “major sovereign default” that roils developing nations and cuts off capital flows to emerging markets, Bank of America Corp. said.
Dubai, which borrowed $80 billion in a four-year construction boom to transform its economy into a tourism and financial hub, suffered the world’s steepest property slump in the recession. Home prices fell 50 percent from their 2008 peak, according to Frankfurt-based Deutsche Bank AG.
Dubai World, the state-owned holding company that’s in talks to renegotiate $26 billion of debt, may sell assets in the United Arab Emirates and abroad to repay its borrowings, a government official said.
Wednesday, November 11, 2009
Tuesday, November 10, 2009
The research house said on Tuesday, Nov 10 that for comparison purposes, it selected a combination of companies that have similar business division and produce goods related to XiDeLang's portfolio of products.
The company is the brand-owner of the "XiDeLang" brand name, a multiple award winning sports brand name in China. The company designs, develops and produces sports-shoe under the "XiDeLang" brand.
XiDeLang's network spans across 25 provinces and municipalities with approximately 2,300 retail outlets in China. XiDeLang is operating in Jinjiang City, Fujian province, which is China's sports shoe manufacturing capital and one of the world's largest sports shoe manufacturing centres.
Sunday, November 8, 2009
Stock Exchange Cambodia is scheduled to open in early of 2010. The draft legislation on corporate bonds is currently under process of finalizing according to Prime Minister Hun Sen.
KRX, which runs South Korea's stock market and has assisted in the development of Vietnam's financial markets, is seeking a 51 percent share of Cambodia's stock market. Before listing on the stock market, enterprises must improve their accounting systems and gain the confidence of citizens by making themselves more transparent.
According to the International Monetary Fund, Cambodia’s finance sector is growing gradually. A number of new banks were established in the country and bank loans and deposits are increasing by around 40 percent.
Cambodia also secured a B+ rating for long-term foreign and local currency government notes from Standard & Poor’s. Standard & Poor’s also awarded a short-term foreign and local currency rating of B. Moody’s assigned a foreign currency notes ceiling of B1, a foreign-currency ceiling for bank deposits of B3, and a local currency notes ceiling and a local currency deposit ceiling of Ba1.
Few Stocks to focus;
The Group's principal activities are operating a lottery business, providing financial services and money lending. Lottery business includes system and games development business and distribution and marketing business. Financial services include securities broking, margin financing and investment trading and holding. Operations are carried out in Hong Kong and the People's Republic of China.Its subsidiaries are principally engaged in the provision of lottery related system, machines and services to the Chinese Lottery market.
The Group is holding a controlling stake in Shenzhen Sinodata Technology Co Ltd (a leading equipment supplier for computer ticket games for Welfare Lottery in China), Guangzhou Latech Technology Co Ltd (which is involved in development and production of sports lottery machines, related operation software system and networks) and Shenzhen Kingsail Software Tech Co Ltd (which is involved in the development and deployment of lottery system for Sports Lottery in China) as well as 50% interest in Beijing Guard Libang Technology Co Ltd (the exclusive supplier of scratch card lottery games and system for Welfare Lottery in China). The Company has also set up a subsidiary REXLot Investment (Shenzhen) Co Ltd to focus on lottery distribution business in China. (HK$0.66)
Friday, November 6, 2009
The nation's unemployment rate rose above 10% for the first time since 1983 in October, a much worse jump than expected as employers continued to trim jobs from payrolls.
The reading, reported by the government Friday, is a sign of the continued weakness in the labor market even though the economy grew in the third quarter following the longest and deepest downturn since the Great Depression.
The government reported Friday that unemployment rate spiked to 10.2%, up from 9.8% in September. It is the highest that this rate has been since April 1983. Economists had forecast an increase to 9.9%.
Tuesday, November 3, 2009
The Company operates a total planted area of 383,000 hectares, as well as 32 palm oil processing mills, three refineries and four kernel crushing plants in Indonesia.GAR also operates in China through an integrated deep-sea port, storage, oilseed crushing facilities and refinery facilities in Ningbo and Zhuhai. (S$0.43)
Tuesday, October 20, 2009
European finance officials are concerned the euro’s climb to a 14-month high against the dollar is eroding exports as an aide to French President Nicolas Sarkozy called the move a “disaster” for the economy.
“Excessive volatility” in currency rates is “bad for economic development,” European Central Bank President Jean- Claude Trichet said in an unscheduled appearance at a press conference late yesterday after a meeting of euro-area finance ministers in Luxembourg. “It’s a problem which worries us,” said Luxembourg’s Jean-Claude Juncker, who led the talks.
The euro has gained almost 20 percent against the dollar since February, making the region’s exports more expensive to overseas buyers and threatening the recovery from the worst recession since World War II. U.S. Treasury Secretary Timothy Geithner said on Oct. 3 that it is “very important” for the U.S. to have a strong dollar.
Sunday, October 18, 2009
by Robert Kiyosaki
In 2007 a big bad wolf known as the ‘subprime crisis' blew down financial houses made of straw and sticks, houses known as Lehman Brothers, Bear Stearns, AIG, Merrill Lynch, Washington Mutual, Fannie Mae, and Countrywide -- as well as the homes and businesses of people who built their lives on straw and sticks.
Wednesday, October 14, 2009
Delta Petroleum Corporation engages in the exploration, acquisition, development, production, and sale of natural gas and crude oil in the United States. It owns producing and non-producing oil and natural gas interests, undeveloped leasehold interests, and related assets in 17 states, as well as interests in a producing Federal unit offshore California and undeveloped offshore Federal leases near Santa Barbara, California. The company also engages in contract drilling operations, as well as marketing trucking services in the Casper, Wyoming area. As of December 31, 2008, it had approximately 827.7 billion cubic feet of natural gas and 9.5 Mmbbls of crude oil. The company was founded in 1984 and is based in Denver, Colorado. ($1.70)
Tuesday, October 6, 2009
Sunday, September 27, 2009
VIX is calculated and disseminated in real-time by the Chicago Board Options Exchange. It is a weighted blend of prices for a range of options on the S&P 500 index. The formula uses a kernel -smoothed estimator that takes as inputs the current market prices for all out-of-the-money calls and puts for the front month and second month expirations. The goal is to estimate the implied volatility of the S&P 500 index over the next 30 days.
The VIX is the square root of the par variance swap rate for a 30 day term initiated today. Note that the VIX is the volatility of a variance swap and not that of a volatility swap (volatility being the square root of variance). A variance swap can be perfectly statically replicated through vanilla puts and calls whereas a volatility swap requires dynamic hedging. The VIX is the risk neutral expectation of S&P volatility over the next 30 calendar days. The VIX is quoted on an annualized variance basis.
The VIX is quoted in terms of percentage points and translates, roughly, to the expected movement in the S&P 500 index over the next 30-day period, on an annualized basis. For example, if the VIX is at 15, this represents an expected annualized change of 15% over the next 30 days; thus one can infer that the index option markets expect the S&P 500 to move up or down over the next 30-day period. That is, index options are priced with the assumption of a 68% likelihood (one standard deviation) that the magnitude of the S&P 500's 30-day return will be less than 4.33% (up or down).
The price of call options and put options can be used to calculate implied volatility, because volatility is one of the factors used to calculate the value of these options. Higher (or lower) volatility of the underlying security makes an option more (or less) valuable, since there is a greater (or smaller) probability that the option will expire in the money (i.e. with a market value above zero). So a higher option price implies greater volatility, other things being equal. Despite its sophisticated composition, however, the predictive power of VIX is similar to that of simpler measures, such as past volatility (see graphs on the right).
Investors believe that a high value of VIX translates into a greater degree of market uncertainty, while a low value of VIX is consistent with greater stability.
Although the VIX is often called the "fear index," a high VIX is not necessarily bearish for stocks. Instead, the VIX is a measure of fear of volatility in either direction, including to the upside. In practical terms, when investors anticipate large upside volatility, they are unwilling to sell upside "call" stock options unless they receive a large premium. Option buyers will be willing to pay such high premiums only if similarly anticipating a large upside move. The resulting aggregate of increases in upside stock option "call" prices raises the VIX just as does the aggregate growth in downside stock "put" option premiums that occur when option buyers and sellers anticipate a likely sharp move to the downside. When the market is believed as likely to soar as to plummet, writing any option that will cost the writer in the event of a sudden large move in either direction may look equally risky. Hence high VIX readings mean investors see significant risk that the market will move sharply, whether downward or upward. The highest VIX readings occur when investors anticipate that huge moves in either direction are likely. Only when investors perceive neither significant downside risk nor significant upside potential will the VIX be low.