The CEOs of Dell and IBM warn that the U.S. is risking its competitive technological edge in several ways. – As mounting public deficits dominate discourse in Washington
and in state capitals throughout the country, leaders from the technology
industry said they are eager to help address the problem. The federal
government can save $1 trillion over the next decade, claimed Dell CEO
Michael Dell and IBM…
Government of Singapore Investment Corp., a sovereign wealth fund with US$100 billion ($128.4 billion) of reserves, bought some of the European debt issued to finance Ireland’s bailout, Deputy Chairman Tony Tan said.
“We believe the bond is relatively safe given how it’s structured and it gives us reasonable yield,” Tan said in an interview at the World Economic Forum in Davos, Switzerland. GIC will consider buying more European rescue debt in future sales, he said.
The National Bank of Serbia (NBS) foreign exchange reserve increased by EUR 340.5mn in December to reach EUR 10bn at the end of 2010. The net reserve, which is the total reserve minus the required reserve for the banks and the funds received from the International Monetary Fund, stood at EUR 5.1 billion on December 31.
Even Sylvia Browne couldn’t have predicted this! The Tax Man cometh for Montel Williams! Montel Williams was to daytime TV in the ’90s what Phil Donahue was for the genre a decade before. Boasting hard-hitting topics with a tough-as-nails persona, Williams easily carved out a place for himself as the King of the Talk Show [...]
Singapore shares may rise on Thursday, tracking gains in U.S. markets overnight as a successful bond auction by Portugal eased investors’ fears about the euro zone debt crisis.
Singapore’s benchmark Straits Times Index <.FTSTI> gained 0.11% on Wednesday to 3,244.94 points.
Prime Minister Mirko Cvetković says Serbia will pay before the deadline the satellite lease money it owes to an Israeli company.
There is money in the budget set aside for this purpose, Cvetković said in Belgrade on Tuesday.
Inquiring minds with the Internal Revenue Service want to know where Marc Anthony’s money is. The salsa singer best known for being Jennifer Lopez’s husband is in trouble with tax officials in Nassau County, Long Island officials over back taxes they say the “I Need To Know” crooner failed to pay in 2009. New York [...]
Serbia’s public debt at the end of November 2010 reached EUR 11.62bn, which is 38.5 percent of GDP. The Serbian Finance Ministry said in Belgrade today that at the end of 2009, public debt was EUR 9.85bn, that is 32.9 percent of GDP, which means that in eleven months of 2010 it increased by about EUR 1.77bn.
The STI is down 0.6% at 3156.88, weakening further in afternoon trade as euro-zone debt concerns resurface, hurting risk appetite.
There are 2 fallers for every gainer in broad market.
While Singapore’s market has been weak in recent sessions, most analysts expect activity and prices to pick up again after the holiday period.
Most driven into debt and bankruptcy by medical bills have health insurance. For example, Reader’s Digest notes:Between 2000 and 2003, seven in ten adults who were driven into debt by medical expenses had insurance at the time.Similarly, as of 2009:Mo…
Clearwire has sold $1.3 billion in debt, in efforts to secure funding for continuing the build-out of its WiMax-based 4G network. – Clearwire, working to secure funding to continue the build-out of
its WiMax-based 4G network, sold more than $1.3 billion in debt, the
company announced in a Dec. 6 statement.
Clearwire, which wireless carrier Sprint owns a majority stake in,
has said it plans to cover 68 U.S. markets and 120 m…
Serbia’s external debt at the end of September 2010 totaled EUR 23.1bn, the central bank has announced. Out of this sum, the debt of the public sector amounted to EUR 8.9bn, while the private debt added up to EUR 14.2bn, the National Bank of Serbia (NBS) stated in a release.
Frasers Centrepoint Trust signed a $264 million, five-year loan that it will use to refinance debt, according to data compiled by Bloomberg. The term loan pays interest of 95 basis points more than the Singapore swap offer rate, the data show.
{jcomments on}
As everyone from Paul Krugman to Simon Johnson has noted, the banks are so big and politically powerful that they have bought the politicians and captured the regulators (and see this).But it’s not just a question of regulatory capture and corruption. …
Singapore shares fell 0.5% by midday on Tuesday, tracking lower indexes across Asia on concerns that Ireland’s debt problems may spread to other euro zone countries.
By the lunch break, the Straits Times Index (STI) <.FTSTI> was down 16.32 points at 3,141.89. Total market volume was 803 million shares, up from 628.5 million shares on Monday.
It’s not just the “peripheral” European countries which are in trouble.As Ambrose Evans-Pritchard reported yesterday:The escalating debt crisis on the eurozone periphery is starting to contaminate the creditworthiness of Germany and the core states of …
It is now common knowledge that there is a potential domino effect of European sovereign debt contagion in roughly the following order:Greece → Ireland → Portugal → Spain → Italy → UKWhile some people have been writing about this for well ove…
Money raised will be used to redeem 5% convertible bonds due 2012, to repay bank loans and for acquisitions relating to iron ore and other raw materials used by the steel industry, the company said in a statement to Singapore’s stock exchange today.
