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  • 三类买卖点的定义 - 第一类买卖点:对于下跌的走势来说,一旦完成,只能转化为上涨与盘整,因此,如果在下跌走势转化的关节点买入,就在市场中占据了一个最有利的位置,而这个买点,就是第一类买点,卖点反过来就是。 第二类买卖点:在第一类买卖点出现后第一次的次级别调整制造的点,是市场中第二有利的位置,因为上涨和盘整必然要在图形上完成,而上涨和...
    2 days ago
  • 01122016 - 今早解释Karex老板扩展生意蓝图计划给一个前辈听,提及关键词。 过程有沟通到不明不白,于是,为了说个清楚我要表达的意思,我去把打包好要邮寄给朋友,打算送给朋友一个惊喜的Karex保险套,又重新拆出来拍照给他看。 用图片解释,前辈才明白我要表达什么。 拆掉昨天幸苦包好的包裹,就为了拍照解释我想表达的一件事情...
    3 days ago
  • 应该继续吗? - 近来日子繁忙,周末更加没有时间,之前决定继续更新blog,但每一次都失败了。。。 大头也不知道还有什么可以分享。。。 是否应该继续呢?还是停止更新了?
    6 days ago
  • 哪些人不必對他說甚深佛法? - 哪些人不必對他說甚深佛法? 《七處三觀經》卷一,佛說: 如果一個人存有以下五種心態,他即使聽聞 佛陀有關四聖諦、十二因緣法、般若深妙法的開示,那麼!他也一定無法滅除自已心中的種種煩惱,也一定無法證悟得智慧。 是那五種心態呢? 第一是對講經的人心存不滿,懷有怨恨、成見。 第二是存心尋求講經人的特殊習性,想...
    1 week ago
  • (图表功课)Maybank (1155) - 今晚就对maybank的图表做功课。今天以日线图来观察。 从图表上看,maybank长期以来都在7.5至8.65之间范围波动。这个范围波动有3年之久。 最近图表显示股价在7.5支持线反弹。但却遇到200天移动平均线阻力,所以股价回调。这个现象和前一次触及7.5的支持线反弹情况一样。所以如果根据过往的记录,...
    2 weeks ago
  • 冷眼孙子战市系列1:股市创富靠孙子(上篇) - 原文孙子曰:凡为客之道,深入则专,主人不克,掠于饶野,三军足食,谨养而勿劳,并气积力,运兵计谋,为不可测。(孙子兵法“九地篇”)。 白话译文孙子说:一般上,出兵攻打异国,军队若深入敌境,士卒深知除非战胜敌人,就不能生还,所以深入敌境的军队,斗志都非常专一,锐不可当,“主”国的军队,都无法战胜客军。军队在占领敌国...
    4 weeks ago
  • - (6)索罗斯,一个在国际金融市场呼风唤雨的“金融大鳄”,一点简介及剖析(6) 著名经典格言 1、判断对错并不重要,重要的在于正确时获取了多大利润,错误时亏损了多少。 2、我生来一贫如洗,但决不能死时仍旧贫困潦倒。 3、如果你经营状况欠佳,那么,第一步你要减少投入,但不要收回资金。当你重新投入的时候,一开始...
    4 months ago
  • 来一番马后炮~ - 这几天,网上都是脱欧的事儿,可能是黑色星期五股灾的突发性,大家都想找些方向,以对自己的投资铺路,这方面,完全可以理解。 老实说,脱欧开票的那个早上,健忘和战友们有观战,从BBC Reltime的战局里直接看到英联邦的各邦战情,非常精彩。 脱欧本来就是英伦的主要论调,因为在欧盟的框架下,很多国家其实都得接受欧盟...
    5 months ago
  • 明和有信心維持盈利 - 看好木材產品需求回溫‧明和有信心維持盈利 2016-06-07 09:27 (吉隆坡6日訊)明和(MINHO,5576,主板工業產品組)預計歐美在暑假過後對其木材產品有回溫需求,目前在嚴峻環境中管控好成本,寄望經濟放緩聲中今年仍能在木材產品驅動下維持去年佳績。 該公司執行董事葉亮成在股東大會後指出,...
    5 months ago
  • 史格米能源營收減少 - 取消買船‧ 2016-06-07 09:40 (吉隆坡6日訊)史格米能源(SCOMIES,7045,主板貿服組)取消購船訂單,訂金遭沒收,加上鑽油業務收入減少,豐隆研究謹慎起見,下砍該公司2017年營業額,幅度高達29.9%。 豐隆出席該公司分析員匯報會後表示,管理層表示,公司已經取消了購船合約,訂...
    5 months ago
  • 大馬機場成長潛能增 - 航空城商機大‧大馬機場成長潛能增 2016-05-24 18:24 (吉隆坡24日訊)大馬機場(AIRPORT,5014,主板貿服組)最新出爐的航空城計劃深具商機,分析員預期可加強其未來盈利成長潛能。 大馬機場是在昨日正式公佈其土地發展大藍圖,將發展吉隆坡國際機場航空城(KLIA Aeropoli...
    5 months ago
  • 2015 年投资组合记录。 - [image: portfolio_2015] 今年没有为投资组合注入任何新资金。 组合成员基本维持与去年一样,只是减持了一些手套股,以及买入了一点 Padini。 x x x 今年表现最差的是 AirAsia,市值被腰斩。 所幸的是,Hartalega、PwRoot、Takaful、LPI、Padin...
    10 months ago
  • 搬家 - *我用自己的本名开了一个新的blog,我会关了这个旧的blog,以后会在新的blog重新努力,谢谢大家一路来的支持*
    1 year ago
  • binary options - binary options trading
    1 year ago
  • - 大家都知道良药苦口,忠言逆耳。可是大部分人还是比较喜欢听甜言蜜语。小弟不才,不会花言巧语,今天写出来的,是没添加糖分的天然药剂。 不管牛市熊市,很多人很喜欢劈头问一句,XXXX可以买吗?现在可以买吗?如果你是问这种类型问题的人,我有个好消息,也有一个坏消息。 先说说坏消息吧。问这种类型问题的人,完全不适合自己...
    2 years ago
  • 为什么你(我)要投资 - 为什么你(我)要投资 今天没事做,突然想分享为什么要投资 身边的朋友有时候问我,为什么你投资,而我不投资?因为你比我有钱,有钱才可以投资,其实没钱更应该投资 很多人都不知道小弟的家庭本是不富裕的家庭,所以早早就想要如何致富,所以早在14岁就接触股票,当初本来以为股票是可以短线爆炒致富的工具,但现实总是残酷的,...
    2 years ago
  • 老家伙的第一架智慧型电话! - 记得新年时,冰人的外甥女调侃说:“舅舅Out了啦”,原来当时冰人拿着她的智慧型电话,竟然无从下手,难怪她会开玩笑的说舅舅Out了啦。 一直以来,冰人的电话都只用来打出及接收而已,其它的功能基本上都没使用,所以也就没有想换电话的念头。 之前,朋友就不断的念冰人,不断的鼓励冰人换一台智慧型电话,于是冰人也开始...
    2 years ago
  • 新年快乐! - 好久没来更新部落各了,好像都生尘了,哈哈! 其实一直以来都有阅读各大部落各的分享,投资也一直再进行着,无奈如今还真的是抽不出时间来写文章(其实懒惰的成分也蛮高的)。 有了孩子后,当了新手爸爸才知道为人父母的艰苦。 所以接下来,应该还是继续当个潜水员,哈哈。 不过,我还是有更新了我所follow 的部落各,...
    2 years ago
  • 向曼德拉致敬@Nelson Mandela - 黑色肌膚給他的意義, 是一生奉獻膚色鬥爭中~~ 向曼德拉致敬
    2 years ago
  • 恒大新闻 - 恒大置地人事变动 Thu, 21 Nov 2013 05:29:23 GMT (槟城20日讯)恒大置地(TAMBUN,5191,主板产业股)向马交所报备,委任梁思新(译音)为集团总财务长。 根据文告,梁思新在2008年加入恒大置地担任财务和行政经理,3年后跃升为财务总监。 此外,公司也宣布,现年55岁...
    3 years ago
  • kitchen design an ecological home - Being the kitchen stays one of the most widely used home , design it organically in the future will save us both time and money . The kitchen is an importa...
    3 years ago
  • Buying Kossan & Add Position to CIMB - I bought some Kossan. Nitrile glove is gaining more shift over momentum, especially from developed countries. It is money if you have the capacity to produ...
    3 years ago
  • Игра смерти скачать через торрент - Защищая видного дипломата, его личный телохранитель со своей командой оказываются с ранениями в больнице, где знакомятся с медсестрой под прикрытием. Они р...
    3 years ago
  • Ten Weight Loss Tips to Ensure Victory in the New Year's "Battle of the Bulge" - With millions of people making New Years resolutions to participate in the "Battle of the Bulge" here's some useful ammo to help you adhere to your weigh...
    3 years ago
  • 重出江湖... - 形势所逼,被逼重出江湖,炒股为生....
    3 years ago
  • 富达债务锐减至13.96% - 在“富达园丘何时卖?”(8月7日)一文中,我指出“根据该公司去年7月28日通过交易所发表的文告,该公司的总负债额为2亿4085万令吉,只等于该公司股东基金的26%,属债低公司”。 一名读者读后向我指出:上述资料已过时,富达(Dutaland,3948,主板种植股)现在的负债额已大幅度减少至1亿2456万令吉,只...
    4 years ago
  • 分享锦集:怎样跟进企业进展●冷眼 - 买股票就是买公司的股份。买股份就是买公司的一部分业务和资产,叫投资。 投资的成败,决定于公司的成败,不是决定于股市的起落。 只要公司盈利越来越高,你的股份就会越来越值钱,你的财富也会与日俱增。 所以,买进股票之后,你应该关心的,是公司业务的进展,不是股价的起落。 投机非致富之道 股价的起落,只要每天放工后,看一看...
    4 years ago
  • 创造自己的投资风格 - N 年前, 不懂得如何研究基本面为投资基础时, 我是道听途说 -- 投机. 结果, 惨败. 还好, 当时刚步入社会, 手上的钱, 能亏的, 也就是那几千块. 稍微懂了如何阅读基本的财报后, 又蒙栋栋浪费了 1-2 年的不盈不亏结果. 再后来, 幸运的选中了几只翻了好多的股, 终于有点得心应手了. 最近的 2...
    4 years ago
  • EAH - 在我9月14日的文章,当中, 我写了EAH . 其标题为-购物清单: “... ... 3)EAH -我和管理层人员曾经会面.它们安然轨道上迈向今年的目标 - 增加一倍的净利润. 收购DDSB对它们是一大利益.价格升至 RM0.32是还可以... ...” [image: Image Detail] 我也碰到...
    5 years ago
  • 百汇班底(Parkway Pantai Limited) - 看到资汇的报道,为了记录一些医院,所以就放了上来。 [image: Pantai Parkway]
    5 years ago
  • appology on the feedburner issue - Hi, thanks for u all keep on supporting my blog.i just discover a silly mistake, i didn't update my feedburner in my new blog.so, u may not alert about the...
    6 years ago
  • 任志强: 房价必然上涨的N个原因 - 2010-03-31 | 房价必然上涨的N个原因 任志强 任志强搜狐博客:http://renzhiqiang.blog.sohu.com/ 房价的问题已争论多年了,2001年就有了泡沫与春东之争,而今年与2001年相比房价已上升了许多,这种泡沫与冬天的争论还在继续,房价也在叫骂声中依旧保持着上涨的趋势。 导...
    6 years ago
  • Portfolio Update - 那天,卖掉了十粒Dijacor,作价93仙,又一单让我损失惨重的股。讲起来,还是有点儿伤心;钱真是不容易赚的。另一方面,我还保留了SUCCESS TRANSFORMER在我的Portfolio里。另外,早期,我也丢了GLOMAC与MRCB股票,没有损失,算没有钱赚那种。大市不好,年尾基金抛售股票结帐过年。另外...
    6 years ago
  • 馬股收市大漲23.49點 - (吉隆坡)新內閣陣容塵埃落定,加上外圍股市漲聲雷動,激勵馬股延續強勁漲勢,一舉飆破940點重要阻力。 美國富國銀行捎來喜訊,加上市場 盛傳美國大型銀行全數通過壓力測試、以及首次申領失業救濟金人數減幅高過預期,促使美股承接週三(4月8日)升勢,帶動亞股同步走強,馬股在金融和種植類股領漲下,走勢強勁,一舉衝破936...
    7 years ago
  •   瓜登补选:反对党胜利 - *瓜登国会议席补选成绩* 国政:30252 回教党:32833 独立人士:193 多数票:2631(回教党胜) 补充:现在我在家里听到外边的马路许多车子正在按响车笛,可能是车队胜利游行。(10:05pm) 回教党支持者手持回教党旗帜,有的骑摩多、有的驾车,一面按车笛,奔驰在马路庆贺补选胜利。图为回...
    7 years ago
  • 人性本贪?? - 跟了shi fu 的 call 买了5 lot of uemland at $0.585 . 前天眼看在短短的2天内可净赚 700 大元, 还真的是眼前为之一亮。。。 本想套利,先走为快。 但,因为一个贪字, 我先卖了 2 Lot at $0.725。 然后想再等等看同一天可否再以另一个比之前稍高的价钱卖去~ ...
    7 years ago
  • 综合指数弹升26点 大马股市猛叩920点 - (吉隆坡5日讯)上周五在2009年首日交易日表现不俗的大马股市续牛气十足,今天再追随海外市场大起,综合指数一举突破900点大关,并叩至920点水平,因重量级蓝筹股和低价股均受到投资者垂青,以及种植股进一步大放异彩。 交易员指出,上周五美股的大涨带动亚太股市进一步攀高,怂恿投资者续展开趁廉买入活动,以及国际石油和...
    7 years ago
  • 彩马发电(五) - 最近有太多关于独立发电厂的负面消息,说得最多的当然是政府要向独立发电厂征收的暴利税。既然政府已经公布了暴利税是以独立发电厂的税息前盈利除以净资产(EBIT/net asset),而TANJONG也宣布了它可能每年必须支付高达RM70m的暴利税,就来预估一下TANJONG FY09的盈利吧。 以政府的ROA计算...
    8 years ago

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Telekom Malaysia Bhd (TM) (T MK, Buy, TP: RM3.98) and Astro All Asia Networks plc may be getting into a bidding war to secure the rights for broadcasting the English Premier League (EPL) for the next three seasons, with the price likely to be more than RM500m. Industry sources said the bidding was entering a second round and might include other contenders such as ESPN STAR Sports. ESPN currently holds EPL broadcast rights for the Southeast Asian region and sells it exclusively to Astro in the Malaysian market. TM is believed to be keen on having the EPL broadcast rights for its planned broadband TV or IPTV (Internet protocol television) launch, following Singapore Telecommunications’ (SingTel) moves to secure EPL rights for three years beginning 2010. (StarBiz)
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Genesis Smaller Companies SICAV, a Luxembourg-based fund has emerged as a substantial shareholder in AirAsia Bhd (AIRA MK, Buy, TP: RM1.80) with 170.8m shares, or 6.19%, as of Tuesday. Genesis subscribed for 37.5m AirAsia shares on Sept 24 under the low-cost carrier’s placement exercise. After subscribing for the placement, it acquired 4m shares on Monday and 1m shares on Tuesday. (Financial Daily)
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Proton car sales in the United Kingdom (UK) have surpassed the company’s full-year target by 10% despite a weaker demand for new cars in the country due to the global economic slowdown. Proton Cars (UK) Ltd managing director Brian Collier said the company’s target had been to sell about 1,000 units this year. The larger base of repeat customers and efforts to keep costs down helped the company surpass its full-year target, he said. He added that car sales in the UK market were expected to drop to 1.7m this year from 2.4m two years ago. (Financial Daily)
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KPJ Healthcare Bhd has proposed to subdivide every existing share of RM1 each into two shares of 50 sen each and a subsequent one-for-four bonus issue of up to 105.53m shares as well as an issue of up to 131.91m free warrants on the basis of one warrant for every share held. In a statement, KPJ said as at Sept 30, 2009, its paid-up stood at RM211.05m comprising of 211.05m shares of RM1 each, including 620,800 treasury shares. (Financial Daily)
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Naza have failed in their conditional takeover bid for Kumpulan Jetson Bhd (KJB) as their RM1 per share offer for the remaining shares in Naza was rejected by the minority shareholders. The ICULS and warrants were offered at 93 sen cash per unit and 0.01 sen cash per unit respectively that commenced from Aug 20 2009, failed to meet the acceptance condition, which is more than 50% of the company’s shares and thus lapsed on its closing date. KJB’s shareholders were advised to reject the conditional takeover offer as market prices of the securities were significantly higher than offer prices. (Financial Daily)
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United Malayan Land Bhd (UMLand), which is in the process of a RM233m exercise to acquire and develop land in Johor, has gotten its shareholders to approve the land buy as well as a proposal to jointly develop the project with Tradewinds Johor Sdn Bhd, a company connected with its substantial shareholder Tradewinds Corp Bhd. Tradewinds Johor is a wholly-owned subsidiary of Tradewinds Resources Sdn Bhd, which in turn is a Tradewinds Corp unit. The latter, meanwhile, is a substantial shareholder in UMLand, with a 7.39% stake. UMLand said it had gotten shareholder approval to purchase the 254.5ha parcel of freehold land in Kulai from vendors, Ambang Budi Sdn Bhd, another Tradewinds Corp unit and Hartaplus Realty Sdn Bhd. It said the cash payment would be paid under two-year deferred payment arrangement. The land would be used to develop a mixed development project as well as supporting residential developments. The gross development value was RM718.1m while the estimated gross development cost was RM456.6m, which yielded a gross profit of about RM261.5m. The proposed development was estimated to take up to five years. It would be carried out via a UMLand-Tradewinds Johor joint-venture vehicle called Extreme Consolidated Sdn Bhd, in which UMLand would hold a controlling 51% stake. (Malaysia Reserve)
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The Ministry of Energy, Green Technology and Water has been exploring wind energy as a renewable energy option in Malaysia. Tests had been undertaken to access its viability and looking to develop as a source of electricity in 15 to 20 years. Minister Datuk Peter Chin during a visit to IMPSA (Malaysia) Sdn Bhd, which manufactures facilities in Lumut, Perak, said that they were to visit South Korea to obtain information on nuclear electricity power generation development there. As on electricity tariffs, there would be another review in December but there would be no guarantees in an increase. (Financial Daily)
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Stocks tumbled Thursday after a bigger-than-expected rise in weekly jobless claims and a weaker-than-expected reading on manufacturing sparked worries about the pace of the economic recovery. Many of the stocks and sectors that fuelled massive 3Q09 gains also drove the sell-off. Friday brings the week's biggest economic report: The monthly jobs report from the government. Employers are expected to have cut 175,000 jobs from their payrolls in September after cutting 216,000 in August. The Dow Jones industrial average lost 2.1% (-203.0 pts, close 9,509.3). The Nasdaq lost 3.0% (-64.9 pts, close 2,057.5) and the S&P 500 lost 2.6% (-27.2 pts, close 1,029.8). U.S. light crude oil for October delivery rose 21 cents to settle at US$70.82 a barrel on the New York Mercantile Exchange. (CNNmoney)
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Manufacturing in the U.S. expanded less than anticipated by economists and more Americans filed claims for unemployment benefits, pointing to a recovery that will be slow to generate jobs. The Institute for Supply Management’s factory gauge decreased to 52.6 in September from 52.9 in August, the Tempe, Arizona-based group said yesterday. Fifty is the dividing line between expansion and contraction. The ISM index, which dropped for the first time this year, was forecast to rise to 54, according to the median of 80 estimates in a Bloomberg survey of economists. Projections ranged from 51.5 to 56. Manufacturing accounts for about 12% of the world’s largest economy. The number of jobless claims climbed to 551,000 last week, more than economists forecast, figures from the Labour Department showed. Last week’s jobless claims figures overshot the median estimate of economists surveyed by Bloomberg News which projected an increase to 535,000, raising concern today’s jobs report will also disappoint expectations that payroll decreases are slowing. (Bloomberg)
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Spending by U.S. consumers climbed in August by the most since 2001, indicating the biggest part of the economy is starting to rebound from its worst slump in almost three decades. The 1.3% increase in purchases was larger than forecast and followed a 0.3% gain in the prior month that was bigger than previously estimated. (Bloomberg)
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The number of contracts to buy previously owned homes in the U.S. increased more than forecast in August, reinforcing signs of a rebound in housing, industry figures showed yesterday. The index of signed purchase agreements, or pending home sales, rose 6.4% after a 3.2% gain in July, the National Association of Realtors announced in Washington. The gain was the seventh in a row. Compared with a year earlier, pending sales rose 12.4%. Declining home prices, low mortgages rates and government stimulus programs have helped end the housing-market meltdown that sparked the financial crisis. Federal Reserve policy makers last week committed to buy full amount of a US$1.25trn mortgage-backed securities program and extended the end-date by three months. Pending home sales were projected to increase 1% in August, according to the median forecast of 36 economists in a Bloomberg News survey. Estimates for August ranged from a drop of 2.5% to an increase of 3%. Pending home sales are considered a leading indicator because they track contract signings. (Bloomberg)
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U.K. manufacturing activity unexpectedly contracted for a second month in September as factories cut jobs and growth in new orders slowed, a survey showed. An index of manufacturing fell to 49.5 from 49.7 in August, the Chartered Institute for Purchasing and Supply and pollsters Markit said in a report. The reading was lower than the 50.2 median forecast in a Bloomberg News survey of 26 economists. A level below 50 indicates contraction. While the pace of manufacturing output growth eased “sharply,” export business accelerated as the global economy strengthened and the fall in sterling made British goods more competitive abroad, according to the survey. “The picture is one of consolidation not contraction in September” and manufacturing probably contributed to economic growth in the third quarter, said Rob Dobson, senior economist at Markit. “But the outlook remains uncertain given the current reliance on price discounting and fiscal support.” (Bloomberg)
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Europe’s unemployment rate rose to the highest in more than 10 years in August as companies continued to cut jobs even as the region’s largest economies emerged from recession. Unemployment in the 16-member euro region increased to 9.6 percent from 9.5 percent in July, the European Union statistics office in Luxembourg said. That’s the highest since March 1999 and matched the median forecast from a Bloomberg survey of 23 economists. (Bloomberg)
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Retail sales in Germany, Europe’s largest economy, unexpectedly fell in August as concern about rising unemployment kept a lid on consumer spending. Sales, adjusted for inflation and seasonal swings, decreased 1.5% from July, when they rose 0.7%, the Federal Statistics Office in Wiesbaden said yesterday. Analysts had forecast a 0.2% increase, the median of 28 estimates in a Bloomberg News survey showed. German retail sales may decline 2% in nominal terms this year, industry association HDE said on Sept. 16. 40% of the retailers surveyed by the association said they expect the bottom of the economic crisis next year, compared with just 6% who foresee the trough in 2009. (Bloomberg)
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The European Central Bank will lend banks less money than economists forecast in its second 12-month auction of unlimited funds, indicating banks’ need for cash has eased for now. Banks bid for 75.2bn euros (US$110bn) at the current benchmark interest rate of 1%, the Frankfurt-based ECB said yesterday. It loaned a record 442bn euros at the first auction in June and economists had forecast demand for 137.5bn euros this month, according to the median of 16 estimates in a Bloomberg News survey. The ECB, which will offer banks 12-month loans for a third time on Dec. 15, is flooding the system with money in the hope it will be lent on to companies and households. Money-market rates have dropped as the economy shows signs of emerging from recession and banks become less wary of lending to each other. ECB Governing Council member Marko Kranjec said the demand “shows the system is liquid enough and that banks don’t need funds so much.” (Bloomberg)
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European Union finance chiefs said the pace of recovery means they probably won’t withdraw stimulus measures before 2011 as they grapple with rising unemployment and the effects of the euro’s gains. Governments should start to end their stimulus measures once economic growth “takes hold,” EU Monetary Affairs Commissioner Joaquin Almunia told a press
conference yesterday at a meeting of European finance chiefs in Gothenburg, Sweden. Exit plans should be implemented once the recovery is under way, “in our own view the latest in 2011,” European Central Bank President Jean-Claude Trichet said. (Bloomberg)
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Japanese companies plan to deepen investment cuts as profits slump, inhibiting the recovery from the nation’s worst post-war recession, the central bank’s Tankan survey showed. Large businesses aim to cut spending 10.8% this year, more than the 9.4% planned three months ago, the central bank said in Tokyo yesterday. Confidence at big manufacturers climbed to minus 33 from minus 48 in June and a record low of minus 58 in March, the Bank of Japan said. A negative number means pessimists outnumber optimists. The improvement matched economists’ predictions and only brought the index on par with the level during the 2001 recession. Confidence among large service companies rose for a second straight quarter to minus 24 from minus 29. The capital spending plans are the worst for a September survey in at least 26 years. Large companies see profits falling 22% this fiscal year, the Tankan showed. (Bloomberg)
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China’s manufacturing expanded at the fastest pace in 17 months in September on stimulus spending and this year’s record growth in new loans. The Purchasing Managers’ Index rose to a seasonally adjusted 54.3 from 54.0 in August, the Federation of Logistics and Purchasing said yesterday in an e-mailed statement in Beijing. The latest number was lower than the median estimate of 55 in a Bloomberg News survey of 13 economists. A reading above 50 indicates an expansion. An output index rose to 58.0 in September from 57.9 in August, a measure of new orders climbed to 56.8 from 56.3, and an export-order index increased to 53.3 from 52.1, according to yesterday’s statement. An index of employment index rose to 53.2, the highest level since April 2008, from 51.4. Fifteen out of the 20 industries surveyed by the agency showed expansion in September. (Bloomberg)
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The World Bank’s private investment arm said it will spend more than US$1.5bn over three years in developing countries to buy distressed assets and invest in companies struggling to refinance their debt. The Washington-based lender’s International Finance Corp. is also in talks with partners from private industry and other international institutions to raise as much as US$5bn for specific projects, it said in an e-mailed statement yesterday. The IFC and its partners aim to direct funds to businesses, pools of illiquid assets and investment funds, it said. (Bloomberg)
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The International Monetary Fund raised its forecast for global growth next year as more than US$2trn in stimulus packages and demand in Asia pull the world economy out of its worst recession since World War II. The Washington-based IMF said the economy will expand 3.1% in 2010, more than a July forecast of 2.5%. China’s economy will grow 9% and India’s 6.4%. That compares with growth of 1.7% in Japan, 1.5% in the U.S. and 0.3% in the euro region. Days after President Barack Obama and other leaders declared that the Group of 20 is now the main forum for steering the global economy, the forecasts show emerging Asian nations powering the return to growth. The IMF warned that the recovery would be “weak by historic standards” and said restoring banks to health remains a priority. The world economy will contract 1.1% this year, less than the 1.4% in July, the IMF said. So-called advanced economies including the U.S., Germany and Japan will lead the slump, shrinking 3.4%. As a bloc, emerging economies will expand 1.7% this year. (Bloomberg)
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Losses for the airlines industry as a whole got worse in 2Q, with 68 major airlines reporting net losses of US$2.3bn (RM7.96bn) following US$4bn in 1Q, the International Air Transport Association (IATA) said. “The European Union and Asian airlines had the worst 1H, accounting for around US$5bn of industry losses; US losses were moderated by much larger capacity cuts,” it said in its Airline Financial Monitor release for August-September. Airline stocks however got a boost in September due to favourable interest from investors as signs emerged of an upturn in this highly cyclical sector. It has resulted in airlines raising a further US$3bn debt and US$500m equity to cash cushion. IATA said the improvement in both passenger numbers and freight volumes from 1Q lows accelerated in the first two months of 3Q, with seasonally adjusted levels for passenger kilometres flying up 3% on 2Q and freight volumes up 6%. IATA said forecasters are getting more positive on 4Q but it is not clear whether economic recovery would continue to strengthen or fizzle out in 2010. (Malaysia Reserve)
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