Thursday, December 31, 2009

What Jim Rogers Said.

"This time its different". I hear that a lot but its never different. Its just a different situation. Trees don`t grow to the sky, stock markets don`t go up forever, and high prices cut back demand. With prices high, a million guys pile in to figure out how to take advantage of all that money, bringing in supply and eventually driving down the price. No one has ever repealed the law of supply and demand, and no one ever will."

in Investment Biker

Friday, December 25, 2009

Senate OK's health care bill in victory for Obama

In an epic struggle settled at dawn, the Democratic-controlled Senate passed health care legislation Thursday, a triumph for President Barack Obama that clears the way for compromise talks with the House on a bill to reduce the ranks of the uninsured and rein in the insurance industry.

Thursday, December 24, 2009

Nikkei Hit 3-Month High Above 10,500 On Weaker Yen

The key Nikkei stock index rose sharply Thursday morning to a three-month intraday high above 10,500, with exporters buoyed by a weaker yen and sentiment lifted by Wall Street's gains while Japanese markets were closed for a national holiday the previous day.

By sector, iron and steel saw the largest percentage increase, followed by glass and ceramics, and trading houses. Export-oriented sectors such as electrical machinery and autos were also among major gainers. Meanwhile decliners included the real estate, air transport and banking sectors.

''With Japan's fiscal 2010 budget finally set for approval, the key ahead will be details of an economic growth strategy from Prime Minister (Yukio) Hatoyama,'' Nishi said. ''Stocks can rise further if such a strategy is presented, and investors may go on to test the Nikkei's closing high for this year of 10,639.71.''

Making the call on Stocks

Tuesday, December 22, 2009

CIMB merge with Public Bank ??

Economy in U.S. Expanded at a 2.2% Annual Rate in Third Quarter

The economy in the U.S. expanded in the third quarter at a slower pace than anticipated as companies curbed spending and cut inventories at an even faster pace, reductions that have set the stage for an acceleration in growth.

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

Delta Petroleum Corporation Announces a Settlement on the California Offshore Lease Litigation

Delta Petroleum Corporation (Nasdaq: DPTR), an independent oil and gas exploration and development company, announces the signing of a settlement agreement with the federal government concerning Lease 452 located offshore of California.

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 gives Dubai $10 billion in surprise bailout

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."

The Senate sends $1.1 trillion spending bill to Obama

The Senate on Sunday passed a $1.1 trillion spending bill with increased budgets for vast areas of the federal government, including health, education, law enforcement and veterans' programs.

The more-than-1,000-page package, one of the last essential chores of Congress this year, passed 57-35 and now goes to President Barack Obama for his signature.

Congress must soon raise the debt ceiling, now at $12.1 trillion, so the Treasury can continue to borrow, and Democratic leaders are eyeing a new figure close to $14 trillion, pushing the issue past next November's election.

Monday, December 7, 2009

TA Global - Malaysia

TA Global Bhd, the property arm of TA ENTERPRISE BHD , will offer for sale 460 million existing shares of 50 sen each With the separation of TA Enterprise Bhd’s stockbroking and property businesses, Datuk Tony Tiah Thee Kian will be sitting on what will be among the top five property companies in the country in terms of market capitalisation.

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)