Finance and Economy
Germany’s Deutsche Boerse AG, the company that owns and runs Frankfurt stock exchange, could soon take over the American’s New York Stock Exchange. NYSE Euronext Inc., which also operates exchanges in Europe, said it is in “advanced discussions” about a possible merger with Deutsche Boerse. The merger would create the world’s largest trading powerhouse with […]
... written on Feb 10 2011Conservative Muslims and Christians, young and old, yuppies and the unemployed formed the tens of thousands of protesters who have thrown Egypt’s 30-year-old regime headed by President Hosni Mubarak into turbulence. The uproars immediately saw its effect globally from the price of crude oil to shivers into some leaders elsewhere. It’s interesting to note that […]
... written on Feb 09 2011The concession agreement for PLUS Expressways was awarded to United Engineers (M) Sdn Bhd (now UEM Group) for a period of 30 years, starting May 1988. Public outcries soon after the 1997 Asia Recession and Mahathir administration gave a tickle so that the concessionaire restructured and reduced the agreed (or rather lopsided) toll rates via […]
... written on Dec 25 2010Singapore Stock Exchange (SGX) and Australia’s stock exchange operator, ASX Ltd, have agreed to a $8.4 billion merger to create the fifth-largest listed exchange in the world. SGX offered a combination of A$22.00 in cash plus 3.473 of its own shares for each ASX share – valued ASX shares at A$48.00 each, 37% premium to […]
... written on Oct 25 2010On average a McDonald’s Big Mac costs about 14.5 yuan or about US$2.18 in China (Beijing and Shenzhen) as compare to US$3.71 for the same burger in the United States. Based on a study done by McDonald and Economist using Big Mac Index, a semi-hilarious method of measuring the PPP (purchasing power parity) between two […]
... written on Oct 18 2010Instead of writing about just announced Malaysia’s 2011 Budget (*yawn*) I would rather spend some time writing about Apple Inc.’s (Nasdaq: AAPL, stock) earnings scheduled to be released on Monday, 18th Oct 2010. And if you’ve been investing the company’s stock or trading its options, get ready for the explosive earnings announcement. But then some […]
... written on Oct 18 2010You can’t feel sorry for those who has just bought the original (mean real) Mitsubishi Lancer GT to start kicking and banging themselves now that Proton Holdings Berhad (KLSE: PROTON, stock-code 5304) has officially announced the replacement for Proton Waja sedan – Proton Inspira. The news of the replacement model which was essentially a rebadged […]
... written on Oct 14 2010Petronas Chemicals IPO (initial public offering) which is set to raise as much as US$4 billion, exceeding even Maxis Berhad’s (KLSE: MAXIS, stock-code 6012) IPO last year valued at US$3.3 billion, will be offered to retail investors at RM5.05 a share while institutions will need to pay RM5.20 a share. This will make Petronas Chemicals […]
... written on Oct 13 2010While Federal Reserve is set to introduce QE-II (quantitative easing) because its near-to-zero interest rate could not wake up the crawling economy powerhouse, China has the opposite problem – economy overheating. How President Obama wishes he could have the best of both worlds; the China’s boiling economy and America’s presidency. China, the world’s second biggest […]
... written on Oct 13 2010Whether Dow Jones can close this week above 11,000 or tumbles into the red depends on the much-awaited jobs report. Dow closed Thursday at 10,948.58, inches away from the psychological 11,000 level. The U.S. Labor Department will issue the final monthly jobs report before the midterm congressional elections. And economists couldn’t find any reason that […]
... written on Oct 08 2010
