| Polesie Trading House to float bonds on Russian stock market on ...
Limited liability company Polesie Trading House will float interest-bearing inconvertible bearer bonds at the Moscow Interbank Currency Exchange on April 17-23. The presentation of the bonded loan has already taken place at the Belarusian embassy in Russia. The event was attended by portfolio investors from large Russian banks and investment companies, BelTA learnt from the press service of the diplomatic mission. Pinsk-based knitwear producer Polesie, the parent company of Polesie Trading House, will step in as the underwriter. Earnings of the project are supposed to be spent on retooling and boosting production facilities of knitwear producer Polesie, buying new high-tech equipment, and the assimilation of new technologies, which, in turn, are believed to be able to secure a stable quality of the make and raise economic effectiveness of the business as a whole.
Meet to focus on issues in capital markets
"There are other regulators who deal with issues of flow of money into India and its quality. This is not our direct responsibility." PHOTO: SHASHI ASHIWAL
M. Damodaran, Chairman, Securities and Exchange Board of India. THE ANNUAL conference of the International Organization of Securities Commissions (IOSCO) is being held for the first time in India from April 9 to 12. The meet will discuss several issues related to global capital markets. In an interview with The Hindu on the eve of the conference, Chairman of the Securities and Exchange Board of India (SEBI) M. Damodaran discussed developments in the Indian as well as overseas capital markets. The annual conference is in two parts. The first part spread over the first two days and the morning of the third day is internal to IOSCO members, with meetings of the executive committee, technical committee, emerging markets committee and the four regional committees.
UK sailors banned from money talk
Britain's Ministry of Defence has banned any more of the 15 sailors and marines held in Iran from selling their stories to the media, reversing a previous decision after widespread criticism. Defence Secretary Des Browne announced a "review of the regulations" concerning payment for stories after defence experts, former military commanders and members of the public expressed outrage that some had profited from their captivity. "No further service personnel will be allowed to talk to the media about their experiences in return for payment," Browne said. The ministry has faced a barrage of criticism after two of the captives, following permission to do so by the same ministry, sold their stories to the media.
CCID Report Shows China's IT Services Market to Escalate in 2007
BEIJING, March, 21 /Xinhua-PRNewswire/ -- CCID Consulting Co., Ltd (hereinafter known as CCID Consulting), China's leading research, consulting and IT outsourcing service provider, the first Chinese consulting firm listed in Hong Kong, reviews the current status of China's IT Services Market in 2006-2007, and outlines the main market development trends: China's IT services market began to enter a stage of structural adjustment from 2006. CCID Consulting's data show that the growth rate of China's IT services market slowed down compared to that of 2005, even though it has increased 17.8% over 2005 and has reached a size of 59.5 billion Yuan in 2006. According to statistics, lower growth in system integration services was the key factor that pulled down the growth of the whole IT services market, as system integration at present accounts for nearly 30 percent of China's overall IT services market.
Winterman Asset Management Launches 'Managed PIPE Account'
NewswireToday - /newswire/ - Geneve, Switzerland, 04/10/2007 - Winterman's managed PIPE account will allow clients to gian access to PIPE deals, both traditional and structured, coupled with exposure to worlwide IPO's, all managed through Switzerland. .
SOCCER - Tenacity results in solid victory
The home side got off to a good start, scoring a good goal to take the lead and it took all of North Force's tenacity to find the net and equalise, coach Adam Hayne said. "We didn't play very well in the first half, we weren't cohesive enough and they (Te Atatu) were working very hard," he said. .
Senior-housing developer to sell 26 of its properties
Merrill Gardens, the Seattle-based company that has become one of the nation's largest developers of senior housing, said Friday that it will sell 26 of its retirement communities for $346 million. The company said that it wants to concentrate its portfolio on the West Coast and will be using the money from the sale to open new properties. Chartwell Seniors Housing, a Mississauga, Ontario-based real estate investment trust, will buy the properties, which are in Alabama, Arizona, Florida, Georgia, Louisiana, Oklahoma, Tennessee and Texas. "As a Northwest timber family, our roots are all here in the West," President Bill Pettit said. "Market conditions allowed us to sell these eastern regions and create a much broader acceptance of senior housing in the West." Even though Washington is a northern state, its seniors don't leave for warmer climates at the rate that retirees flee the Northeast and the Midwest, he said.
Awash in foreign funds, Malaysia faces imbalances
FOREIGN funds inflows are keeping Malaysias markets on a long rally, but the money is staying in the country because of central bank restrictions and is starting to create economic imbalances, analysts say. The local currency, the ringgit, is not allowed to be traded offshore, which means currency transactions are limited to within Malaysia. That has created a massive pool of money. Also, local funds can only invest 50 per cent of their portfolio overseas. So you have a situation of too much inflows coming in and the outflows get slowed down by the limits, said Affin Investment Bank head strategist Suresh Kumar Ramanathan. A government statistical yardstick known as M3 which among other things measures currency in circulation expanded to 13.9 per cent in February compared to 7.8 per cent in February 2006.
SES Conference opens today in New York
The Search Engine Strategies Conference & Expo will open today at the New York Hilton with at least 133 sponsors, exhibitors and speakers showing the latest tools and zeroing in on the latest trends and issues in search. AOL Search, Ask.com, 24/7 Real Media, 360i and Yahoo are just some of the big name companies that will be in attendance. The three-day conference begins with a keynote from search guru Danny Sullivan. The days to follow will be filled with innovative thoughts and recommendations having to do with search -- the fastest growing sector of direct marketing. The sessions planned for this years show are different than other ones. This year, more attention will be dedicated to integrating search into the marketing mix, and there will be more forward thinking sessions.
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