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 Indian cricket board Friday asked the International Cricket Council (ICC) to reconsider its decision of taking away the India-England World Cup match from the Eden Gardens stadium in Kolkata. “We have written a letter to the ICC to reconsider its decision. Now it is up to the ICC to decide, but we are confident [...]
Ireland’s PM Brian Cowen announced Saturday he was stepping down as head of his Fianna Fail party but would remain as the PM ahead of elections in March.
“Taking everything into account, and having discussed the matter with my family, I have decided on my own counsel to step down as uachtarain [president] of Fianna Fail and leader of Fianna Fail,” Cowen told reporters in Dublin.
FOO FIGHTERS UNVEIL FIRST TASTE OF NEW ALBUM;
CONFIRMED FOR SPRING 2011 RELEASE ON
ROSWELL/RCA
Foo Fighters have launched
http://tease.foofighters.com, featuring a first taste of
“Bridge Burning,” the opening track of the band’s seventh full length studio album, due out this spring on
Roswell/RCA. Check out the teaser below.
The album, produced by Butch Vig and mixed by Alan Moulder, was recorded entirely on analog
tape in the garage of Dave Grohl‘s home in California’s San Fernando Valley. The new record marks the
Foo Fighters’ first full length effort with legendary producer Butch Vig, whom Grohl first worked with on Nirvana‘s classic Nevermind.
Nirvana co-founder Krist Novoselic also makes a cameo, contributing bass and accordion to “I Should
Have Known,” while former Nirvana touring guitarist and longtime extended FF family member Pat Smear
now joins the permanent FF core of Grohl, Taylor Hawkins, Nate Mendel and Chris Shiflett.
Concurrent with the album’s release, Exclusive Media Group’s documentary division Spitfire Pictures will be
producing a feature documentary about the Foo Fighters to be directed by Academy Award winner James
Moll (The Last Days, Running The Sahara). The documentary will chronicle the entire history of the Foo
Fighters, from the cassette demos Grohl
recorded during his tenure as Nirvana’s drummer through their ascent to their Grammy-winning, multi-platinum,
arena and stadium headlining status as one of the biggest rock bands on the planet.
The new Foo Fighters record will be supported by an extensive world tour. The band is confirmed to headline across
the worldwide summer festival circuit, including
Washington state’s Sasquatch!, the UK’s Isle of White, Pink Pop in the Netherlands, Germany’s Southside and
Hurricane, Oxegen in Ireland, T in the Park in Scotland, Optimus Alive in Portgual, and more to be announced as
they are confirmed.
Foo Fighters
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Foo Fighters News
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Foo Fighters
Concert
Reviews
Foreign Minister Vuk Jeremić will arrive on a one-day visit to Spain on Wednesday, the MFA in Belgrade announced. In Madrid, Jeremić will meet with the country’s Foreign Minister Trinidad Jimenez.
Singapore’s economy faces a “mixed” global outlook after growing by a record pace this year, according to Prime Minister Lee Hsien Loong.
Gross domestic product rose 14.7% this year, Lee, 58, said in his New Year message released in Singapore today. That compares with the government’s November forecast of a 15% expansion. The trade ministry predicts the economy will expand 4% to 6% in 2011, an estimate reiterated by Lee.
“The outlook for the world economy is mixed,” Lee said. “The U.S. economy is still weak. Europe faces serious debt crises in Greece, Ireland and a few other countries.”
MarketWatch writes today: The non-seasonally-adjusted S&P/Case-Shiller 20-city composite home-price index fell 1.3% on a monthly basis and 0.8% on an annual basis in October. Economists polled by Dow Jones Newswires had expected a 0.6% decline i…
Comedian Russell Brand has revealed that he once had sex with nine women in one night. Brand, 35, who is now married to singer Katy Perry, 26, admitted not every girl moved the earth for him. “I was having sex with different women three, four, five times a day. In Ireland, nine in one evening,†[...]
EU finance ministers formally approved the 85-billion-euro rescue loan for crisis-stricken Ireland on Tuesday, Deutsche Welle reports. The decision came as the country announced the toughest domestic budget in its history.
The New York Times points out that some states like California and Illinois are at risk of default, and that a default could spread to other states:While next year could be even worse, there are bigger, longer-term risks, financial analysts say. Their…
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.
Singapore shares may open a tad lower on Tuesday after main Wall Street indices slipped overnight on concerns Europe’s credit woes may spread despite an agreement to bailout Ireland. Singapore’s benchmark Straits Times Index <.FTSTI> ended flat on Monday at 3,158.21 points. Here are some stocks and factors to watch, say Bloomberg and Thomson Reuters:
TOUR STARTS MARCH 30 IN FT. LAUDERDALE
 Rush |
Rush have confirmed The
Time Machine Tour will visit new cities throughout North America and play a few
return engagements beginning March 30 in Ft. Lauderdale and running through April 22 in 2011 with dates in
Greensboro, Nashville, Louisville, Toledo, Hershey, New York’s esteemed Madison Square Garden, Chicago,
Cleveland, Detroit, Hamilton, Montreal and Baltimore. The tour also returns to North America in June with
performances in select markets that will include cities such as New Orleans, Austin, Vancouver and a very special
return play in Los Angeles – more information on these dates and more soon.
Tickets go on sale in select markets beginning December 6 at LiveNation.com. Tickets for the Rush performances
will go on sale in Hershey, Detroit and Baltimore beginning Monday, Dec. 6, with additional on-sales to follow. To
benefit the relief efforts in Haiti, one dollar of each ticket sold will be donated through several charities including
“Doctors Without Borders”. Rush will also contribute a portion of their proceeds at the culmination of the tour.
For Rush Fan Club tickets, as well as fan club exclusive merchandise offers, click here.
For Rush Time Machine packages, click here.
2011 TOUR DATES
Mar 30/11 Ft. Lauderdale, FL Bank Atlantic CenterÂ
April 1/11 Greensboro, NC Coliseum Â
April 3/11 Nashville, TN Bridgestone Arena Â
April 5/11 Louisville, KY KFC Yum! Center   Â
April 6/11 Toledo, OH Huntington Center
April 8/11 Hershey, PA Giant Center  Â
April 10/11 New York, NY Madison Square Garden
 Â
April 12/11 Chicago, IL United Center Â
April 15/11 Cleveland, OH Quickens Loans Arena
 Â
April 17/11 Detroit, MI Palace of Auburn Hills  Â
April 19/11 Hamilton, ON Copps Coliseum Â
April 20/11 Montreal, PQ Bell Centre Â
April 22/11 Baltimore, MD 1st Mariner Arena
Â
May 4 Helsinki, Finland Hartwall Arena
May 6 Stockholm, Sweden Globe
May 8 Malmo, Sweden Malmo Arena
May 12 Dublin, Ireland O2
May 14 Glasgow, Scotland SECC
May 16 Sheffield, UK Motorpoint Arena
May 19 Manchester, UK MEN Arena
May 21 Newcastle, UK Metro Radio Arena
May 22 Birmingham, UK LG Arena
May 25 London, UK O2
May 27 Rotterdam, Holland Ahoy Arena
May 29 Frankfurt, Germany Festhalle
Rush
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Rush
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France is apparently following the example of Ireland and Hungary and seizing pension funds.According to eFinancialNews, the French parliament passed a law last week allowing 36 billion Euros to be seized from the French reserve pension fund to be used…
Singapore shares may see a weak start on Monday after Wall Street fell on Friday, but news of an 85 billion euro ($148.6 billion) rescue package for Ireland may lend some support. Singapore’s benchmark Straits Times Index <.FTSTI> fell 0.04% on Friday to 3,158.08 points, say Bloomberg and Thomson Reuters.
Palm-oil producers: Crude palm oil for February delivery slipped 0.1% in Kuala Lumpur on Nov. 26, snapping its two-day 5.1% advance. Golden Agri-Resources (GGR SP), the world’s second- biggest palm-oil producer, dropped 0.7% to 73.5 cents. Indofood Agri Resources (IFAR SP), the palm-oil unit of Indonesia’s largest noodle maker, declined 3.3% to $2.66. Wilmar International (WIL SP), the world’s No. 1 palm-oil trader, was unchanged at $6.08.
Ireland’s anxious Finance Minister Brian Lenihan arrived in Brussels on Sunday to discover his country’s financial fate.
The EU has approved a joint rescue loan worth an estimated 85 billion euros.
Kosovo Albanian Enver Sekiraqa, suspected of a number of crimes in Kosovo including a murder of a policeman, has been arrested in Dublin on an Interpol warrant.
Kosovo Police Chief Resat Malici confirmed the arrest, adding that the Kosovo authorities were working to have the suspect extradited.
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 …
