One engine will be changed on each of the planes, which will arrive in Singapore today, Chief Executive Officer Chew Choon Seng told reporters in the city-state. The move is a precautionary measure after “slight” oil staining was found in areas of the Trent 900 engines, he said.
The Singapore Exchange (SGX) said on Wednesday it is only a matter of time before state-owned steel mills in China start using its iron ore swaps contracts to hedge risk.
SGX, whose iron ore swap volumes reached a record 5.3 million tonnes in the second quarter as traditional pricing arrangements in China collapsed, added that it expected its business to expand strongly.
SGX, Asia’s second-largest bourse operator by market cap, will start by clearing U.S. and Singapore dollar interest rate swaps, and it plans expand the service to include foreign currency options and forwards, SGX President Muthukrishnan Ramaswami told Reuters.
Verizon Wireless began selling the Samsung Fascinate online for $199 Sept. 8, marking the No. 1 wireless company’s iteration of Samsung’s heralded Galaxy S Android smartphone line. The Fascinate sports a 4-inch Super AMOLED screen (480-by-800 pixels) that is the best and brightest yet of the Android devices offered by Verizon. The device runs Android 2.1, powered by a 1 GHz processor and features a 5-megapixel camera. While Verizon’s Droid line of Motorola and HTC handsets are all packed with preloaded Google Apps and Web services, Microsoft’s Bing search engine is the default search on the Fascinate. Perhaps just as noteworthy, a Bing Maps widget has replaced Google Maps as the default location-based service app on the device. That means no free Google Maps Navigation software loaded onto the phone. However, Verizon has said that the Google services missing on the Fascinate will be readily available when Verizon pushes out the upgrade to Android 2.2 later this year. Why has Verizon gone with Bing over Google to launch the Fascinate? These moves are a nod to Microsoft’s $500 million mobile search technology deal with Verizon. In this slide show, eWEEK walks readers through the Fascinate features. – …
I have repeatedly argued that naked credit default swaps should be banned.”Naked credit default swaps” is the term coined to describe the situation where the buyer is not the referenced entity.The American government hasn’t banned naked CDS. Instead…
Singapore Exchange (SGX) will be clearing four new over-the-counter (OTC) Container Swap contracts starting from Aug 2.
SGX says container trade has been one of the fastest-growing segments of the global freight industry, reaching a value of US$137 billion ($188.6 billion) in 2008. Asian container traffic is projected to account for 68% of the world container exports and 56% of world container imports by 2015, according to a study by the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) and the Korea Maritime Institute (KMI).
In order to solve your financial problems, an instrument like the amortizing swap software can definitely be very useful.
As I noted on May 5th, France is in more trouble than most realize.And as I (and many others) have pointed out, China isn’t necessarily the unstoppable powerhouse that people assume.Today, Tyler Durden reported on a startling development: This week’s D…
Verizon Wireless is releasing a new version of its Droid smartphone on April 29, and eWEEK Labs got an early look at the devices. The Droid Incredible, which is made by HTC, offers a better touch screen than the original Droid (see our review here,) but does away with the slide-out keyboard. There’s also a faster processor and more standard memory. Still missing from the device is support for policy-based management through ActiveSync.
Because of its lack of a physical keyboard, the Droid Incredible is thinner and lighter than the original Droid. The Incredible seems to work better as a phone, but like the original Droid, it suffers from lackluster WiFi, WAN and FM radio reception. For a look at the Droid Incredible in action, check out the slide gallery below, and stay
tuned for eWEEK Labs’ full review of the device, coming soon.
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In the you-can’t-make-this-stuff-up department, NPR points out:As part of the bailouts of AIG and Bear Stearns, the Federal Reserve Bank of New York spent more than $70 billion to buy toxic assets the companies owned. Last week, prompted by a lawsuit f…
Here are the CDS of Greece, Portugal, Spain and the U.S.:[click here for full image]Rolfe Winkler argues that – in the short-run – the PIIGS countries (Portugal, Ireland, Italy, Greece and Spain) will slash their budgets and get bailed out by the EU.S…
As I have previously shown, speculative derivatives (especially credit default swaps or “CDS”) are a primary cause of the economic crisis. They were largely responsible for bringing down Bear Stearns, AIG (and see this), WaMu and other mammoth corpora…
Congressman Watt tried to de-rail the bill to audit the Federal Reserve (H.R. 1207) with a fake alternate bill. See this, this, this and this.Fortunately, the House Financial Services Committee approved H.R. 1207 by 43-26, and rejected Watt’s bill.In a…
Derivatives expert Janet Tavakoli made the following comments by email about the Bloomberg article “New York Fed’s Secret Choice to Pay for Swaps Hits Taxpayers”: “There’s no way they should have paid at par,†she says. “AIG was basically ban…
Bloomberg has an article today quoting a couple of congress people acting as spokesmen for the 5 biggest banks: Freshman congressman McMahon told House Financial Services Committee Chairman Frank he was worried that Obama’s derivatives plan, release…
