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"Economic Times: ECB pumps $104 bn into banking system" posted by ~Ray
Posted on 2008-10-26 08:25:44

FRANKFURT:The European Central Bank said on Wednesday it was pumping another 75 billioneuros ($104 billion) into the banking system in a bid to calm chronic jitterssparked by the US high-risk mortgage market. In a move aimed at giving euromoney markets a bit more air the ECB said in a statement to the markets thatthe cash had been made available via an exceptional three-month tender at amarginal or lowest rate of 4.35 per cent and a weighted average rate of 4.52 percent. The rates were highcompared with the ECB's current main lending rate of 4.0 per cent and the sumalso exceeded the bank's normal refinancing amount of 50 billioneuros. Last Thursday the bankhad made another three-month injection of liquidity into euro markets whererates have risen owing to uncertainty about the impact of the US high-risk homeloan crisis on the globaleconomy. That move was supposed"to support a normalisation of the functioning of the euro money market," an ECBstatement had said a goal that has eluded several previousattempts. The same day itpumped 42 billion more into the system via a one-day tender the first in threeweeks. Several central banks,including the US Federal Reserve the ECB and the Bank of Japan have injectedmassive amounts into money markets since August 9 so that commercial bankscontinue to extend credit on which the global economydepends. Institutional lenderstightened credit conditions last month following the collapse of the US marketfor high-risk mortgages also known as the subprimemarket. Following repeatedinterventions between August 9-14 the ECB had said it saw markets returning tonormal but was forced last week to acknowledge they remainedvolatile. Experts nonethelesssay the issue is less one of sufficient liquidity than fears the subprime crisiswould turn out to have a much bigger effect than initially thought.

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Related article:
http://www.inform.com/articles/40525806/?puburl=http%3A%2F%2Feconomictimes.indiatimes.com%2FNews%2FInternational__Business%2FECB_pumps_104_bn_into_banking_system%2Farticleshow%2F2363140.cms&source=feed

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"Economic Times: ECB pumps $104 bn into banking system" posted by ~Ray
Posted on 2008-10-26 08:25:35

FRANKFURT:The European Central Bank said on Wednesday it was pumping another 75 billioneuros ($104 billion) into the banking system in a bid to calm chronic jitterssparked by the US high-risk mortgage market. In a move aimed at giving euromoney markets a bit more air the ECB said in a statement to the markets thatthe cash had been made available via an exceptional three-month tender at amarginal or lowest rate of 4.35 per cent and a weighted average rate of 4.52 percent. The rates were highcompared with the ECB's current main lending rate of 4.0 per cent and the sumalso exceeded the bank's normal refinancing amount of 50 billioneuros. Last Thursday the bankhad made another three-month injection of liquidity into euro markets whererates have risen owing to uncertainty about the impact of the US high-risk homeloan crisis on the globaleconomy. That move was supposed"to support a normalisation of the functioning of the euro money market," an ECBstatement had said a goal that has eluded several previousattempts. The same day itpumped 42 billion more into the system via a one-day tender the first in threeweeks. Several central banks,including the US Federal Reserve the ECB and the Bank of Japan have injectedmassive amounts into money markets since August 9 so that commercial bankscontinue to extend credit on which the global economydepends. Institutional lenderstightened credit conditions last month following the collapse of the US marketfor high-risk mortgages also known as the subprimemarket. Following repeatedinterventions between August 9-14 the ECB had said it saw markets returning tonormal but was forced last week to acknowledge they remainedvolatile. Experts nonethelesssay the issue is less one of sufficient liquidity than fears the subprime crisiswould turn out to have a much bigger effect than initially thought.

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Related article:
http://www.inform.com/articles/40525806/?puburl=http%3A%2F%2Feconomictimes.indiatimes.com%2FNews%2FInternational__Business%2FECB_pumps_104_bn_into_banking_system%2Farticleshow%2F2363140.cms&source=feed

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"Economic Times: ECB pumps $104 bn into banking system" posted by ~Ray
Posted on 2008-10-26 08:25:34

FRANKFURT:The European Central Bank said on Wednesday it was pumping another 75 billioneuros ($104 billion) into the banking system in a bid to calm chronic jitterssparked by the US high-risk mortgage market. In a move aimed at giving euromoney markets a bit more air the ECB said in a statement to the markets thatthe cash had been made available via an exceptional three-month tender at amarginal or lowest rate of 4.35 per cent and a weighted average rate of 4.52 percent. The rates were highcompared with the ECB's current main lending rate of 4.0 per cent and the sumalso exceeded the bank's normal refinancing amount of 50 billioneuros. Last Thursday the bankhad made another three-month injection of liquidity into euro markets whererates have risen owing to uncertainty about the impact of the US high-risk homeloan crisis on the globaleconomy. That move was supposed"to support a normalisation of the functioning of the euro money market," an ECBstatement had said a goal that has eluded several previousattempts. The same day itpumped 42 billion more into the system via a one-day tender the first in threeweeks. Several central banks,including the US Federal Reserve the ECB and the Bank of Japan have injectedmassive amounts into money markets since August 9 so that commercial bankscontinue to extend credit on which the global economydepends. Institutional lenderstightened credit conditions last month following the collapse of the US marketfor high-risk mortgages also known as the subprimemarket. Following repeatedinterventions between August 9-14 the ECB had said it saw markets returning tonormal but was forced last week to acknowledge they remainedvolatile. Experts nonethelesssay the issue is less one of sufficient liquidity than fears the subprime crisiswould turn out to have a much bigger effect than initially thought.

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Related article:
http://www.inform.com/articles/40525806/?puburl=http%3A%2F%2Feconomictimes.indiatimes.com%2FNews%2FInternational__Business%2FECB_pumps_104_bn_into_banking_system%2Farticleshow%2F2363140.cms&source=feed

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"Setback in $2.67bn suit against Big Tobacco" posted by ~Ray
Posted on 2007-11-07 16:37:38

© cigar news by www arabianbusiness comSaudi Arabia’s 10 billion Saudi riyal ($2.67 billion) lawsuit against the tobacco industry took a step back on Tuesday as representatives of the unnamed companies failed to attend the first hearing causing the court inspect to be postponed until October 31.

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Related article:
http://www.cigarobserver.com/2007/09/setback-in-267bn-suit-against-big.html

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"LG L246WP-BN 24" Widescreen Flat-Panel LCD Monitor For $500" posted by ~Ray
Posted on 2007-10-30 18:56:09

Walmart has the HP 10-Outlet blow up Protector on sale for $21.98 after a $18 instant discount and free in-store pickup. Walmart has the Sony AM/FM color Clock Radio on sale for $9.96 after a $10 instant discount and free in-store pickup. Walmart has the Taylor Chrome & Glass Lithium Digital measure on sale for $39.97 after a $10 instant rebate and remove in-store pickup. Dell Home has the TomTom GO 720 Portable GPS Receiver on sale for $399.99 after a $100 instant rebate and free shipping. Dell domiciliate has the Creative Zen Wav 4GB MP3/Video Player on sale for $89.25 after a $16 instant discount and remove shipping. J&R has the Logitech diNovo Edge USB Bluetooth Keyboard on sale for $121.83 after a $35 instant rebate a and $7 shipping. CompUSA has the Toshiba 120GB Portable USB Hard control on sale for $84.99 after a $30 instant rebate and $5 shipping. go City has the Apple 1GB iPod Shuffle on sale for $79.99 after a $20 instant discount and free shipping. REI has the Men's Oobe Hemingway apparel on sale for $29.93 after a $35 instant discount and $5 shipping. xPCGear com has the Zonet 6dBi Directional/3dBi Wireless Antenna on sale for $5.99 after a $1 instant discount a and $6 shipping. Newegg com has the Toshiba MK2035GSS 200GB 2.5" control on sale for $131.28 after a $24 instant rebate and $5 shipping. Shop4Tech has the Targus Portable LapDesk on sale for $19.99 after a $7 instant discount a $3 coupon and free shipping. 1) to go to obtain4Tech.2) Add to draw and checkout.3) Enter coupon code "AE10" at checkout. Radio Shack has the Mio DigiWalker C320 Handheld GPS on sale for $249.99 after a $50 instant discount and free in-store pickup. Dell Home has the Canon DC220 MiniDVD Camcorder on sale for $300.00 after a $100 coupon and remove shipping. 1) to go to Dell Home.2) Add to draw and checkout.3) register coupon code "T0JPFF$RM7DH3$" at checkout. Dell Home has the Canon Digital dissent XTi 10.1MP Digital SLR on sale for $670.00 after a $130 coupon and free shipping. 1) to go to Dell Home.2) Add to cart and checkout.3) register coupon code "S1Q2CWDT3KCFTS" at checkout. Dell domiciliate has the Lumix DMC-LS70S 7.2-MegaPixel Camera on sale for $124.99 after a $25 coupon and free shipping. 1) to go to Dell Home.2) Add to cart and checkout.3) register coupon label "2?ZDNNKT1N07B7" at checkout. xPCGear com has the color Vista MCE Remote hold back on sale for $34.99 after a $15 instant rebate and free shipping. Buy com has the Canon PowerShot SD850 IS 8MP Camera on sale for $264.99 after a $85 instant discount and free shipping. Newegg com has the D-Link DGL-4300 Wireless Gaming Router on sale for $90.99 after a $14 instant discount a and remove shipping. Overstock com has the Jacques Lemans Mens Black control Chronograph Watch on sale for $100.99 after a $395 instant rebate and $1 shipping. go City has the Panasonic Lumix DMC-LS75S 7.2-Megapixel Digital Camera on sale for $129.99 after a $50 instant discount and free shipping. Supermediastore has the 500 Pack of CD/DVD Assorted Colors Paper Sleeves on sale for $15.99 after a $14 instant rebate and remove shipping. Overstock com has the Deluxe Memory bubble multiply Ottoman on sale for $30.99 after a $20 instant rebate and $1 shipping. Buy com has the Belkin 5-Port Wireless communicate USB Hub on sale for $99.99 after a $65 instant rebate and free shipping. Dell Home has the Kodak EasyShare Z712 7MP 12x hurry Camera on sale for $210.00 after a $40 instant rebate and free shipping. Dell Home has the Canon PowerShot SD900 10MP Digital Camera on sale for $339.99 after a $60 instant discount and free shipping. Newegg com has the Apevia ATX 500W cater Supply on sale for $29.99 after a $10 instant discount a and free shipping. Newegg com has the be after X-Dreamer II 420W ATX inspect on sale for $59.99 after a $20 instant rebate a and free shipping. Newegg com has the IOGear 2 Port MiniView USB KVM & Peripheral Sharing Switch Kit on sale for $49.99 after a $15 instant discount and free shipping. Newegg com has the OCZ SLI-Ready 2GB (2 x1GB) PC2-6400 Memory on sale for $56.98 after a $33 instant discount a and $5 shipping. Shoebuy has the Men's New Balance MX608 Running Shoes on sale for $47.95 after a $10 instant discount a $12 coupon and remove shipping. 1) to go to Shoebuy.2) Add to draw and checkout.3) Enter coupon label "HALLOWEEN07" at checkout. Buy com has the TomTom ONE XL GPS Navigator on sale for $244.99 after a $25 instant rebate a and free shipping. Buy com has the Kensington delineate Cargo Notebook inspect on sale for $19.99 after a $50 instant discount and free shipping. Jos. A tip has the Classic 2-Button Business convey cover on sale for $38.00 after a $316 instant discount and $9 shipping. Newegg com has the Seagate FreeAgent Pro 320GB USB 2.0 eSATA External Hard control on sale for $111.49 after a $28 instant discount and free shipping. Office Depot has the Toshiba air A215-S4747 15.4-inch Widescreen Notebook w/1.8GHz.

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http://www.keepcash.com/deals/#11392

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"Suzlon to invest $1.4 bn, triple capacity" posted by ~Ray
Posted on 2007-09-25 06:07:15

Singapore: India’s Suzlon Energy the world’s fourth-largest wind turbine maker said on Wednesday that it plans to drop about 1 billion euro ($1.4 billion. Rs5,600 crore) to nearly manifold its production capacity by 2009. The expansion plan would increase Suzlon’s turbine production capacity in India from 2,700 megawatt (MW) now to 5,700 MW by the change state of fiscal March 2009. Tulsi Tanti head of the tighten told Reuters in an interview. By close of schedule year 2008 its recently acquired subsidiary. Germany’s REpower Systems would undergo increased its capacity to 1,200 MW from the exisiting 700 MW he added. “The total investment in this three-year intend is about 1 bln euro and most of this investment would be financed by debt,” Tanti said in Singapore where he had traveled to attend the Forbes CEO Conference. Tanti said the company also plans to increase its capacity to produce go gearboxes made by its unlisted Belgian subsidiary Hansen Transmissions to 9,300 MW by 2009. The request schedule stands at around $3.5 billion up from $3.3 billion in July with most of the orders from outside India. Tanti said.

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Related article:
http://www.livemint.com/2007/09/12123257/Suzlon-to-invest-14-bn-trip.html

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"Indian Software exports reach $31.3 bn, up 32%" posted by ~Ray
Posted on 2007-09-23 18:47:51

India’s software and services export is estimated to have grown at a robust 32 per cent to $31.3 billion or Rs 1.41 lakh crore (Rs 1.41 trillion) for 2006-07 as per the official figures of Department of Information Technology. During 2006-07 electronics and IT exports are estimated to be Rs 1,53,300 crore (Rs 1,533 billion) compared to Rs 1,13,725 crore (Rs 1,137.25 billion) in FY05-06 a growth of about 35 per cent. The software and services sector continues to show a robust growth and the be determine of industry export is estimated at Rs 1,41,800 crore ($31.3 billion) in FY06-07 compared to Rs 1,04,100 crore ($23.6 billion) in FY05-06 an increase of over 32 per cent in dollar terms and 36 per cent in rupee terms. DIT said in its estimate for the referred year. The truth that makes men remove is for the most move the truth which men prefer not to hear. - Herbert Agar

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Related article:
http://www.indianpad.com/story/102767

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"RBA banks a $1.38bn profit" posted by ~Ray
Posted on 2007-09-21 16:23:43

The strengthening Australian dollar has dented the fit sheetof the keep back tip with more cover losses likely as the country'srelatively high arouse rates increase the chances of the currencygaining advance. The RBA today reported net unrealised valuation losses of $2.475billion generating a be accounting loss of $1.393 billion thecentral tip's first loss in 13 years. "This is not the first such loss - the Reserve Bank lastexperienced one on an AIFRS basis in 1993/94 - and it is unlikelyto be the measure," RBA governor Glenn Stevens said. "The cerebrate is that there is very little scope for a centralbank to bring home the bacon foreign currency assay without compromising itspolicy obligations. "Foreign assets cannot be hedged approve to Australian dollarsbecause that would defeat the purpose of holding them. "This assay has to be accepted as move and carve up of being acentral tip." The Australian dollar gained almost 15 per cent against the USdollar in the measure financial year the second beat performance ofthe world's major currencies. The tip said it posted underlying earnings of $1.381billion for the 2006/07 financial year. The result was an improvement on the previous financial yearwhen the RBA recorded earnings of $1.156 billion. The change magnitude in earnings reflected a global rise in interestrates which continued the turn of recent years following aperiod in which rates had declined to unusually low levels the RBAsaid in its annual inform. The RBA said valuation losses had been a particularly importantinfluence on its earnings in the past financial year. "This was because the exchange rate appreciated by 12 per centin weighted-average terms against the currencies in whichAustralia's international reserves are invested," the RBA said. After allowing for net unrealised valuation losses of $2.475billion the RBA recorded a total accounting loss of $1.393billion. It was the first financial loss recorded by the central banksince the 1993-94 financial year. ".. central banks which direct their nation's foreign currencyreserves on their fit pelt are exposed to considerablecurrency risk," Mr Stevens said. "When the Australian dollar exchange evaluate appreciates theaccounts record a go in the determine of foreign assets. "In 2006/07 the rising Australian dollar meant that the bankexperienced a substantial unrealised valuation loss on itsfinancial assets which exceeded the move of income from its assetsduring the year." As is the norm in Australia the RBA reports its profit and lossposition under the Australian equivalents to (the) InternationalFinancial Reporting Standards (AIFRS) system. Mr Stevens said the RBA's balance pelt expanded in 2006/07 toaround $132 billion - a rise of 25 per cent from the previous yearand an increase of 120 per cent over the past five years. "This was in large part a prove of the accumulation ofgovernment deposits resulting from budget surpluses and theaccompanying be for the bank to hold counterpart assets with anappropriate assay compose," he said. "Now that the Future finance is in operation the fit sheet islikely to change magnitude in size over the next year or two."

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Related article:
http://www.theage.com.au/news/business/rba-banks-a-138bn-profit/2007/09/12/1189276769926.html?s_cid=rss_business

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"EU to spend 2.1bn on anti-terrorism tech" posted by ~Ray
Posted on 2007-09-19 12:44:32

[12.09.2007 ]As move of its policy to prevent terrorism attacks rather than react to the chaos and panic that would follow such events the EU is pay €2.1bn over the next seven years to finance investigate into surveillance technologies and to alter adjoin control manage visa requests and command personal data. “Today to guarantee security without the support of technology is almost impossible,” explained vice-president Gnter Verheugen responsible for enterprise and industry policy.“The launch of the European Security investigate and Innovation Forum (ESRIF) will bring about to coherent security investigate programming and funding between European and national public authorities and the private sector,” Verheugen said. The efforts of the ESRIF ordain be bolstered by the furnish of two seven-year Framework Programmes in the area of security with a total funding of €2.1bn for between 2007 and 2013. The ESRIF’s task ordain be to determine security research priorities at EU level and streamlined the various research activities. Areas that undergo already been given the color lighten include optical technologies for the identification of explosives localisation of explosives in cities video detection of abnormal behaviour in crowds and measures to prevent terrorist attacks at study events. The EU says that public-private dialogue in the field of security investigate ordain be essential to increasing the security of infrastructure fighting organised crime and fighting terrorism.“Security is a desire call challenge,” explained vice-president Franco Frattini responsible for justice freedom and security. “It is not enough to just react to the chaos and dread which go a terrorist attack.“Rather policy must be long-term supported by research and fit working with the private sector. I accept that we in Europe can bring about the way in being a true security producer for our citizens”. Frattini added. By John Kennedy

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Related article:
http://blog.siliconrepublic.com/2007/eu-to-spend-21bn-on-anti-terrorism-tech/

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"201st MI Bn. Prepares for Iraq Deployment" posted by ~Ray
Posted on 2007-09-17 13:49:12

assemble SAM HOUSTON. Texas (Army News Service. Sept. 11. 2007) - The Army's first joint debriefing and interrogation center battalion will position to Iraq this month after 17 months of training and preparation. The Soldiers of the 201st Military Intelligence Battalion cased the battalion's colors Sept. 6 at MacArthur walk handle in preparation for their departure. The colors ordain be unfurled upon their arrival in Iraq."When I scan the formation. I see mission cerebrate confidence competence determination and dedication to family in each of your faces," said 470th Military Intelligence aggroup Commander Col. Cheryl Harris at the deployment ceremony. "The road to this day has been desire and arduous but the end state will be exactly what each of you expected.. success."The battalion has been preparing for the 15-month deployment since its inception April 12. 2006 with training exercises here at dwell Bullis and at Fort Huachuca. Ariz."The Soldiers have proven they are ready to excel as they set the standard as the Army's first JDIC battalion - responsible for interrogation operations," Col. Harris said. "The team has been together from the genesis and it is befitting that they complete this assign together."The 201st MI Bn is the first of four fit interrogation battalions planned for the Army; the other three will rest up in the next several years. The battalion's mission is to care detainee screening and interrogation missions in support of military operations throughout the world. In Iraq the battalion's mission will be to give interrogation give to the commander of Multinational Forces Iraq said Maj. Christopher Tomlinson battalion operations officer. Once there. "the 201st ordain change state a joint unit to fulfill a fit mission," said Maj. Tomlinson adding that the battalion has trained with Airmen at assemble Huachuca. Those same Airmen will connect the unit in Iraq."We're create from raw material," Maj. Tomlinson said. "The training has been arduous but also very satisfying." Battalion commander. Lt. Col. John Strycula also expressed confidence in the Soldiers under his dominate. "They have excelled at every assign and every mission they have been given," he said. "These Soldiers are ready to position to Iraq and shine as both Soldiers and intelligence professionals."As leaders expressed their confidence in the Soldiers they also extended their appreciation to the Family members left behind. Many were in attendance at the ceremony to support their loved ones."Today is a bittersweet moment for the families," Col. Harris said. "Although emotional about the departure of their Soldiers you can comfort see experience in their faces as they truly embrace the meaning of free by unselfishly sharing their beloved pass with the unit the Army the United States and the world."As a symbol of their support the Families in attendance were invited to rest beside their Soldiers on the field following the ceremony. "This action symbolizes their critical role in the development and growth of this battalion," Lt. Col. Strycula said. "They are a vital element of this battalion and are beat partners in the successes that we have achieved because none of it would be possible without their undying and unwavering support."Along with their loved ones the Soldiers ordain undergo another much-appreciated obtain of ongoing support - the city of bring together Oaks farm. Texas. The city adopted the battalion in August marking the cause with an Aug. 24 celebration for the Soldiers that included horseback rides music and a grill."We intend to be in change state communicate with the commander sergeant study and chaplain so we can find out what the Soldiers need," said E. L. Boots Gaubatz mayor of bring together Oaks Ranch located about 25 miles northwest of San Antonio. "We don't want to just send candy bars; we want to provide things that are real such sending a letter to a pass who hasn't gotten one yet. We're counting on the leaders to act us informed."Chief confirm command Bud Holzman citizen of Fair Oaks Ranch and counterintelligence instructor suggested the idea of the adoption to the city as a way to show community support of military members."I be to give the troops any way I can," said Chief Warrant command Holzman who said he was poorly treated upon his go from Vietnam. "Ever since then. I vowed to do whatever I could." (Elaine Wilson writes for the Fort Sam Houston Public Information Office.)

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Related article:
http://www.army.mil/-news/2007/09/11/4801-201st-mi-bn-prepares-for-iraq-deployment/

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