Archive for November, 2009
UOB says Dubai exposure insignificant
DBS says Dubai exposure is $1.8b
DBS Group Holdings, the largest bank in Southeast Asia, said its exposure to the city state of Dubai is about $1.8 billion, with the entire Middle East accounting for about 2% of its balance sheet.
Global markets were roiled last week after Dubai World, the Arab emirate’s state-controlled holding company struggling with US$59 billion ($81.6 billion) in liabilities, asked creditors for a standstill on its debt and extension of loan maturities until at least May 30. Property arm Nakheel PJSC, the builder of palm tree-shaped islands, has a US$3.52 billion Islamic bond due on Dec 14.
Kate Gosselin Eco-Friendly Toy Line; Beyonce Dubbed World’s Greatest Pop Star; “The Shining†Sequel; And More Mornin’ Crunch Crumbs
-Beyonce has topped a new fan poll to find the World’s Greatest Pop Star…..
-A proposed eco-friendly toy line from Kate Gosselin isn’t winning any favor with manufacturers…..
- Kimberly Williams-Paisley will star in a Lifetime movie about 2006 schoolhouse shooting in the Amish community of Nickel Mines, Pennsylvania…..
-Ice Cube has signed up to star in [...]
Long-Term Effects of Recession Expected to Hurt U.S IT Jobs
While the outsourcing of back-office IT jobs to offshore countries is not a new trend, the effects of the global recession have some U.S.-based tech jobs in serious long-term jeopardy. Despite the large number of back-office job eliminations for the foreseeable future, there are a host of IT jobs that will stay stateside.
– There are
a number of technology jobs and job areas that will not be coming back to the United States anytime soon, according to a
study by global consultancy The Hackett Group.
Between
2010 and 2014, nearly 2 million back-office IT jobs in infrastructure services,
help desk and data centers a…
ABC Yanks Chris Brown “Good Morning America†Performance
ABC pulled the plug on controversial crooner Chris Brown’s performance Good Morning America next week.
Instead, Brown has agreed to “come clean” with the events leading up to his February attack on then-girlfriend Rihanna in a primetime interview with Robin Roberts, the network has revealed.
ABC was harshly criticized by gay and women’s rights advocates last week [...]
Tom Cruise Cameron Diaz “Knight & Day†Bull Run Shoot
Tom Cruise and Cameron Diaz have arrived in the southern Spain village of Cadiz Sevilla to film scenes for the James Mangold-directed action comedy Knight & Day, Spanish media reported on Sunday.
The Hollywood stars have started shooting scenes that imitate the famous bull run held each year in northern Spain.
During The Pamplona Bull Run, crowds [...]
The week ahead
We are perhaps getting a warning this week that for all the talk of imminent – if slow – economic recovery, the world’s financial system can still throw a few spanners in the works.
While it’s not all that surprising to see the fizz going out of the Dubai speculative boom, a slightly worrying aspect is the exposure of banks around the world to the debts of that strange place and the extent to which the local ‘government’ of the UAE will step in to help the biggest and most vulnerable Dubai companies.
It’s something to watch. Hopefully, things will calm down with a minimum of international ‘spillover’.
Something else to watch this week is GM’s board meeting tomorrow (Dec 1). Options for Saab will be discussed, but it’s not looking too good for the quirky premium brand after prospective buyer Koenigsegg decided to walk away.
COMMENT: Sad demise for Saab in prospect
And then on Wednesday (December 2) we can enjoy the distraction of sunny California and the first press day of the Los Angeles Auto Show. The LA Show is getting bigger and getting more attention these days – it seems to have found a niche and a place in the industry’s calendar that suits many.
One thing to look out for at LA is an announcement on initial retail markets for the Chevrolet Volt and confirmation that all is on track in terms of timing for the vehicle. The American production version of the Chevrolet Cruze will also be shown at LA and that is a very important product for GM – it’s indicative of the US market trend toward smaller and more fuel-efficient vehicles and it will be made in the US (going on sale in the third quarter of 2010).
Much of the engineering work for Cruze was, however, undertaken by Opel in Germany, so it perhaps serves as a tangible reminder of one reason – engineering capability – why GM was so keen to keep Opel.
DBS says total exposure to Dubai is about $1.8b
DBS Group Holdings , the largest bank in Southeast Asia, says its total exposure to the city-state of Dubai is about $1.8 billion.
The bank believes that the situation is manageable as a substantial portion of this is to Dubai-owned companies operating in Asia that are sound, such as Labroy and South Beach, which is collateralised, it says in an SGX statement.
Govt. to debate budget draft on Tuesday
The government will meet in Belgrade tomorrow to discuss the draft 2010 budget, it has been announced on Monday. The ministers will debate the draft after all government committees have had a chance to give their opinion.
Susan Boyle Has UK’s Best-Selling Debut Album Ever
SuBo makes history ont the British charts! The debut album of Scottish singer Susan Boyle — who shot to fame after her audition for TV show Britain’s Got Talent — has become the fastest selling album in Britain this year and the best-selling debut album in the UK ever.
The talent star moved 410,000 copies of [...]
International Cricketer of the Year goes to Gautam Gambhir
Mumbai: At the ceremony on Sunday, Indian batsman Gautam Gambhir was honoured with the Ceat International Cricketer of the Year for the 2008-09 season.
Gambhir knocked off seven centuries in the last nine matches in Test cricket,including hundreds in last four consecutive Tests. On the basis of his outstanding form, he was also awarded with the [...]
No more gifts and freebies for doctors!
New Delhi: Union Health Minister Nabi Azad said that the Centre will soon ban doctors from accepting gifts and other freebies, including foreign trips, from pharmaceutical companies.
This ban will be implemented by amending the Indian Medical Council (Professional Conduct, Etiquette and Ethics) Regulations, 2002.
“Pharmaceutical companies send doctors on foreign trips and load them with gifts. [...]
LHC Sets World Record for Energy
The recently repaired Large Hadron Collider in Geneva sets a world record for highest energy particle acceleration.
– The European Organization for Nuclear Research (CERN)’s
Large Hadron Collider, a $10 billion particle accelerator located in Geneva, has
set a world record by becoming the worlds highest energy particle accelerator,
having accelerated its twin beams of protons to an energy of 1.18
teraelectronvo…
LHC Sets World Record for Energy
The recently repaired Large Hadron Collider (LHC) in Geneva sets a world record for highest energy particle acceleration.
–
The European Organization for Nuclear Research (CERN)
announced its Large Hadron Collider (LHC), a $10 billion particle accelerator
located in Geneva, set a world record by become the worlds highest energy
particle accelerator, having accelerated its twin beams of protons to an en…
Michael Jackson Documentary “This Is It†On DVD Jan. 26
The Michael Jackson concert documentary This Is It will be released on DVD and Blu-ray Disc on Jan. 26…..
Police Seek Tiger Woods Accident Hospital Records
The Tiger Woods car crash saga has taken another dramatic twist, with police poised to demand hospital records to determine at what point the golfer sustained his facial injuries.
After the golfer cancelled his third planned interview with police on Sunday, The Florida Highway Patrol is considering applying for a search warrant for Woods’ hospital records [...]
Katie Holmes Spends $25,000 A Month On Suri’s Clothes
Katie Holmes spends approximately $25,000 a month on her threads for her toddler daughter, a source told Britain’s Grazia Magazine this week.
“Dressing Suri in amazing outfits has become Katie’s favorite hobby. She’ll scour the internet and Beverly Hills shops to find items and get inspiration for different looks,” gushes a tattle.
The Mad Money actress is [...]
Rana denies plotting Mumbai terror attacks
New York: Terror suspect in 26/11, Pakistani-Canadian Tahawwur Rana, was arrested in the US for his alleged role in the Mumbai terror attacks.
He has denied any role in the plot. Rana, was arrested along with David Coleman Headley, alias Daood Gilani, for the plot.
In a press release on Sunday, Rana’s lawyer, Patrick Blegen, said, “Mr [...]
Life disrupted in WB due to BJP’s 12-hour shutdown protest
Kolkata: Protesting against the rise in prices, The Bharatiya Janata Party’s (BJP) took a 12-hour shutdown.
This affected life in several parts of West Bengal along with Howrah district with supporters stopping public transport, damaging private vehicles and blocking important roads.
The movement of trains was also affected. At the Netaji Subhas Chandra Bose International (NSCBI) airport, [...]




