CAMBRIDGE FORECAST GROUP: ECONOMIC & CORPORATE DATA

March 6, 2008 at 11:05 pm | Posted in Economics, Financial, Globalization, World-system | Leave a comment

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CAMBRIDGE FORECAST GROUP

Analyzing globalization, the Middle East & the

world-system

Economic & Corporate Data

Back to TABLE OF CONTENTS:

01. FED BEIGE BOOK: NOVEMBER 30 2005

02. JOURNAL OF COMMERCE: NEWSWIRE

03. CAPITAL INTELLIGENCE ON VIETNAM

04. YAPI KREDI BANK: TURKEY ECONOMY

05. ATLANTA CIRCULAR LETTERS

06. CHINA OIL WEBINAR

07. IIMA TOKYO: INSTITUTE FOR INTERNATIONAL MONETARY AFFAIRS

08. RUSSIA: RENAISSANCE CAPITAL

09. CCFI: SAUDI ARABIA

10. ISLAMIC-FINANCE.COM: LONDON

11. CHAD-CAMEROON OIL PIPELINE: EXXON-MOBIL & WORLD BANK INVOLVEMENT

12. RUSSIA BRANDS: MARKETING

13. SERGEY KAPITZA: WORLD POPULATION FUTURE

14. WIBC: PARTICIPANTS BAHRAIN CONFERENCE

15. THE 2010 MELTDOWN: BOOK

16. BIS REVIEW NO.77

17. BIS REVIEWS NOS.78&79

18. BANK MUSCAT: OMAN

19. ASIAN ISLAMIC FINANCE & BANKING: EUROMONEY CONFERENCE

20. WIBC: COMPETITIVENESS REPORT

21. WIBC: PRESS RELEASE DECEMBER 11 2005

22. WIBC: UPDATE DECEMBER 12 2005

23. KIPCO KUWAIT & SUMNER REDSTONE VIACOM

24. BIS REVIEW NOS.80&81

25. BIS REVIEW NOS.82&83

26. BIS REVIEW NOS.84&86

27. BEN BERNANKE SAVINGS GLUT

28. CASPIAN OIL CONFERENCE

29. GOLD NEWS

30. NCB BANK JEDDAH SAUDI ARABIA

31. INDIA: DEUTSCHE BANK RESEARCH

32. INDIA IRAN ENERGY

33. INDIA: PUBLIC FINANCES

34. RUSSIA & OPEC COORDINATION

35. RUSSIA FORECASTING

36. QATAR PETROLEUM

37. INTERNATIONAL ENERGY FORUM

38. INTERNATIONAL ENERGY FORUM: II

39. ABS ENERGY

40. PLATTS ENERGY

41. BOVESPA BRAZIL

42. TRAVEL DATA FROM JULES VERNE

43. CI RATINGS: BAHRAIN BANKMUSCAT

44. INTERNATIONAL ISLAMIC FINANCE FORUM

45. EGYPTIAN CENTER FOR ECONOMIC STUDIES

46. BAHRAIN: INVESTCORP

47. IMEMO WORLD ECONOMY: RUSSIA

48. CASPIAN ANNOUNCEMENT

49. BIS REVIEW NOS.1 & 2: 2006

50. BIS REVIEW NOS.3 & 4 2006: ISLAMIC FINANCE

51. BIS REVIEW NOS.5 & 6: 2006

52. BIS REVIEW NOS.88 & 87: 2005

53. LEVERHULME RESEARCH CENTRE: UK

54. JANE’S INTELLIGENCE DIGEST

55. ISLAMIC FINANCE & EMERGING INTERNATIONAL SYSTEM

56. SOUTH BULLETIN: WTO

57. BANK MUSCAT: OMAN

58. ISLAMIC FINANCE FORUM: DUBAI 2006

59. BIS REVIEW NOS.8 & 7: ISLAMIC FINANCE ITEM

60. CGES OIL & GAS: LONDON

61. CGES OIL & GAS II: LONDON

62. WORLD GAS INTELLIGENCE

63. SOUTH BULLETIN NO.118: GENEVA

64. BIS REVIEW NOS.10 & 11

65. ENERGY RESEARCH INSTITUTE: CHINA

66. CENTRE FOR POLICY RESEARCH: INDIA

67. ICRIER: INDIA

68. MEFTEC PRESS RELEASE

69. SOUTH BULLETIN NO.119: SOUTH CENTRE GENEVA

70. BIS REVIEW NOS.12 & 13: ISLAMIC FINANCE TAKAFUL

71. BIS REVIEW NOS.14 & 9

72. MEES CONFERENCE: OIL & GAS

73. OILGASIQ CONFERENCE: OIL & GAS

74. ALEXANDER OIL & GAS

75. CHINA: ALEXANDER OIL & GAS

76. INVESTCORP: BAHRAIN

77. FINANCIAL STABILITY FORUM

78. CASPIAN OIL & GAS: KAZAKHSTAN

79. BIS REVIEW NOS.15 & 16

80. BIS REVIEW NOS.17 & 18

81. BIS REVIEW NOS.19 & 20

82. BIS REVIEW NOS.22 & 23

83. BIS REVIEW NOS.24 & 25

84. BIS REVIEW NOS.26 & 27

85. BIS REVIEW NOS.28 & 29

86. BIS REVIEW NOS.30 & 31

87. BIS REVIEW NOS.32 & 33

88. JIF BANK: ASE INDEX JORDAN

89. TRADE ARABIA BUSINESS

90. NAEEM HOLDING COMPANY: EGYPT

91. SHUAA CAPITAL: BLOM BANK

92. RIYAD BANK: SAUDI ARABIA

93. BAKHEET FINANCIAL ADVISORS: SAUDI ARABIA

94. GIC: KUWAIT

95. BANK AUDI: LEBANON

96. AME INFO: MIDDLE EAST DATA

97. ATLAS INVEST: AMMAN

98. ARABIAN BUSINESS

99. STANDARD CHARTERED BANK: JORDAN

100. EXPORT & FINANCE BANK: JORDAN

101. MEES: MIDDLE EAST ECONOMIC SURVEY

102. KIPCO: KUWAIT

103. SOUTH BULLETIN NO.121: ISLAM & THE WEST

104. SOUTH BULLETIN NO.122

105. ADB: BOND MARKETS

106. CHINA ANALYST: PIPER JAFFRAY

107. ALFA BANK: MOSCOW

108. BIOFUELS DATA

109. CCFI: SAUDI ARABIA

110. BANK AUDI: LEBANON

111. CGES: WORLD ENERGY FUTURE & SHEIK YAMANI

112. OIL & GAS MIDDLE EAST

113. EIA: ENERGY FORECAST

114. BASEL COMMITTEE: BIS

115. BIS REVIEW NOS.34 & 35

116. BIS REVIEW NOS.36 & 37: FORECASTING

117. BIS REVIEW NOS.39 & 40

118. BIS REVIEW NOS.41 & 42: INDIA

119. BIS REVIEW NOS.43 & 44: ISLAMIC BANK

120. BIS REVIEW NOS.45 & 46: GLOBAL INTEREST RATE CYCLE

121. BIS REVIEW NOS.53 & 52: ISLAMIC FINANCE

122. BIS ISLAMIC FINANCE

123. BIS REVIEW NOS.55 & 54: CHINA TRADE

124. SOUTH BULLETIN NO.126: SOUTH-SOUTH TRADE

125. CGES OIL DATA

126. CGES SYMPOSIUM: OIL ADDICTION

127. JOINT ECONOMIC COMMITTEE: BERNANKE

128. CHINA COMMODITY: DEUTSCHE BANK RESEARCH

129. GFMS LONDON: PLATINUM & PALLADIUM ANNUAL SURVEY 2006

130. MIDDLE EAST ECONOMIC DIGEST

131. IICS TEHERAN: KOREA & CASPIAN OIL

132. ALEXANDER’S OIL & GAS

133. NATIONAL BANK OF DUBAI

134. RUSSIA TANKER MARKET: FEARNLEYS NORWAY

135. SOUTH CENTRE BULLETIN: DOHA

136. GREENFUEL: CAMBRIDGE MA

137. ASIA BONDS ONLINE

138. ENERGY USE DATA

139. BIODIESEL FINANCE

140. FUEL CELLS

141. CASPIAN INVESTOR

142. CGES OIL SYMPOSIUM

143. RUSSIAN UTILITIES: LONDON RENCAP CONFERENCE

144. RUSSIAN FORUM: EVENTICA

145. BIS REVIEWS 77-63: ECONOMIC DATA & ISLAMIC FINANCE

146. BIS REVIEWS 80-78: ECONOMIC DATA & BERNANKE

147. BIS REVIEWS 83-81 & 70: ECONOMIC DATA & REGULATION

148. BIS REVIEWS NOS.101-98: ECONOMIC DATA

149. IMF-WORLD BANK DATA

150. ECONOMIC HISTORY: BRAZIL

151. YAPI KREDI BANK: TURKEY

152. SOUTH BULLETIN NO.131: SOUTH-SOUTH ECONOMIC DATA

153. SAUDI ARAMCO: TRADE ARABIA

154. RIYADH BANK: ECONOMIC DATA

155. STRATEGIC ELLIPSE: DATA

156. ASIAN INVEST

157. GLOBAL ECONOMICS

© 1997-2008 Cambridge Forecast Group

The West & the Third World

Muslims & Jews in the World-System

Economic & Corporate Data

BANK FOR INTERNATIONAL SETTLEMENTS BIS REVIEW NO. 25: ASIA-PACIFIC REGION

March 6, 2008 at 7:34 pm | Posted in Asia, Economics, Financial, Globalization, Research, Third World | Leave a comment

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BIS Review

Bank for International Settlements

BIS Review No 25 available

Press, Service (Press.Service@bis.org)

Thu 3/06/08

Publications, Service (Publications@bis.org)

Please find BIS Review No 25 attached as an Adobe Acrobat (PDF) file.

Alternatively, you can access this BIS Review on the Bank for International Settlements’ website by clicking on http://www.bis.org/review/index.htm.

What’s included?

BIS Review No 25 (6 March 2008)

Jean-Claude Trichet: The growing importance of the Asia-Pacific region

John Hurley: International economic and financial developments and prospects for the Irish economy

Ingimundur Friðriksson: Interest rates and financial markets in February 2008

Zeti Akhtar Aziz: Building human capital for emerging challenges

Shamshad Akhtar: Inclusiveness, growth and gender equity

Emmanuel Tumusiime-Mutebile: Risk management at the Bank of Uganda

Frederic S Mishkin: Leveraged losses – lessons from the mortgage meltdown

________________________________

please e-mail press.service@bis.org.

BIS Review

Bank for International Settlements

BIS Review No 25 available

Press, Service (Press.Service@bis.org)

Publications, Service (Publications@bis.org)

Thu 3/06/08

GENETIC ROULETTE: BOOK

March 6, 2008 at 4:11 pm | Posted in Books, Research, Science & Technology | Leave a comment

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Genetic Roulette: The Documented

Health Risks of Genetically

Engineered Foods

Jeffrey M. Smith (Author)

Editorial Reviews

Review

When I worked at Monsanto, I warned both scientists and executives that our GM foods may cause disease, but no one was even willing to listen, let alone investigate the unpredicted side effects. For them, it was all about profit. Now our whole population is threatened by the serious dangers described in Genetic Roulette.”
—Kirk J. Azevedo, DC

“Congratulations, Jeffrey Smith, for your courage. Thanks to your tireless investigations, we need wonder no longer why corporations spreading GMOs are so secretive, why they’ve spent hundreds of millions to keep us from even knowing which foods contain GMOs. They don’t want us to examine the shoddy science, the suppressed evidence, and, most of all, the real health risks that GMOs present. Read Genetic Roulette not only to protect yourself and your family but to learn through this breath-taking story what all Americans need to do to reclaim our democracy and protect our planet.”
— Frances Moore Lappé, author of Democracy’s Edge and Diet for a Small Planet

“I used to test for soy allergies all the time, but now that soy is genetically engineered, it is so dangerous that I tell people never to eat it—unless it says organic. Genetic Roulette tells you why you must avoid genetically engineered foods to stay healthy.”
—John H. Boyles, MD, ear, nose, and throat, and allergy specialist

“Jeffrey Smith is the leading world expert in the understanding and communication of the health issues surrounding genetically modified foods. Genetic Roulette, which brings in original contributions by eminent scientists worldwide, makes it crystal clear that the American FDA should not be so cavalier about the potential dangers of these procedures.”
—Candace Pert, PhD, author of Molecules of Emotion and Everything You Need to Know to Feel Go(o)d and former Chief of the Section, National Institutes of Health

“The most comprehensive, well-documented, and highly readable exposé on the serious health dangers of GM foods.”
—Samuel S. Epstein, MD, professor emeritus of Environmental Medicine, University of Illinois at Chicago School of Public Health and chairman, Cancer Prevention Coalition

“This is the authentic book on genetic modification that the world has been waiting for. . . . The case presented is absolutely a smoking shotgun that should stop in its tracks any dabbling with GM foods, whether by individual families, food companies, or indeed nations. . . . Jeffrey Smith is one of the great campaigners of our age, a relentless pursuer of the truth, a fearless advocate in the corporate world of secret influence, and a ceaseless promoter of the public interest across the world. He is the modern David against the GM Goliath. This book may well provide the sling-shot to change the global course of events this century.”
—Excerpts from the foreword by Michael Meacher, MP, former UK government environment minister

Book Description
Eating genetically modified food is gambling with every bite.
The biotech industry’s claim that genetically modified (GM) foods are safe is shattered in this groundbreaking book. Sixty-five health risks of the foods that Americans eat every day are presented in easy-to-read two-page spreads. The left page is designed for the quick scanning reader; it includes bullets, illustrations, and quotes. The right side offers fully referenced text, describing both research studies and theoretical risks. The second half of Genetic Roulette shows how safety assessments on GM crops are not competent to identify the health problems presented in the first half. It also exposes how industry research is rigged to avoid finding problems.
This book, prepared in with input by more than 30 scientists, is for anyone wanting to understand GM technology, to learn how to protect themselves, or to share their concerns with others. It is presented in the clear, accessible style that made Jeffrey Smith’s Seeds of Deception the world’s best-selling book on genetically engineered foods. As the world’s most complete reference on the health risks of GM foods, Genetic Roulette is also ideal for schools and libraries.

Product Details:

  • Hardcover: 312 pages

  • Publisher: Chelsea Green (January 31, 2007)

  • Language: English

  • ISBN-10: 0972966528

  • ISBN-13: 978-0972966528

STENDHAL & STEAM ENGINES

March 6, 2008 at 12:48 pm | Posted in Art, Books, Film, France, History, Research, Science & Technology | Leave a comment

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Now that the steam engine rules

the world, a title is an absurdity,

still I am all dressed up in this

title.

It will crush me if I do not support

it. The title attracts attention to

myself.

Stendhal (1783-1842)

Armance (1827 novel)

(Stendhal [Marie Henri Beyle] (1783-1842), French novelist.

Octave de Bonnivet, in Armance, ch. XIV, Urbain Canel (1827), trans. C.K. Scott-Moncrieff, 1946.)

In 1827, Octave is a young man living the moment in which an aristocratic young Frenchman must become a grown-up. This includes getting married. Small wonder that he is rather gloomy and tormented about the whole idea, since he feels obliged to find a rich wife, but he is in love with his cousin, Armance, an orphaned, sensitive and intelligent young woman. And there you have your drama: he is shy because of his illness; she is shy because she’s poor. Doomed love. Nevertheless, Octave will decide to marry her after an equivocal incident in which her honor might be at risk, thus finding a suitable excuse to let her finally know how much he loves her (those were the days). The ending is an interesting solution to the problem.

Comment:

One of the Bengali female characters in the recent movie, “The Namesake,” is reading Stendhal’s “Armance,” while visiting New York from Paris, where she studies.

The Namesake”

Director: Mira Nair

Writers (WGA):

namesake.jpg

Sooni Taraporevala (screenplay)
Jhumpa Lahiri (novel)

Release Date:

9 March 2007 (USA)

The Namesake”

Now that the steam engine rules the world, a title is an absurdity, still I am all dressed up in this title. It will crush me if I do not support it. The title attracts attention to myself.

PORTFOLIOS: ALPHA & BETA

March 6, 2008 at 6:00 am | Posted in Economics, Financial, Globalization, Research | Leave a comment

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Asset Allocation & Portfolio

Management:

Stock sensibility (alpha and beta)

Stocks with Beta greater than 1 are considered as very volatile and stocks with Beta between 0 and 1 are considered as conservative. We can have also stocks with negative Beta’s that reacts in the other direction than the market movements.

The result of the regressing stock price on the market changes can be represented as follows:

betaalpha.gif

Options: An introduction

DEFINITION

A put (call) option is the contract right to sell (buy) a specified amount of asset (real or financial) at a fixed price on or before a fixed date.

We will define them now.

Terminology.

  • The fixed price is called strike price.

  • The fixed date is called expiry or expiration date.

  • The asset is called the underlying.

  • When the holder (investor) acts upon his right to buy (call) or sell (put), he (or she) exercises the option.

  • When the option buyer exercises, the seller is assigned.

  • The price paid for the option is called the premium.

As we have options that can exercised at or before a fixed date, we have two major styles:

  • American style: the option can be exercised at any time before the expiry date.

  • European style: the option can be exercised only at the expiry date and not before.

Note that the style has nothing to do with the location of the stock exchange. We have European style options traded on the US market and American style options traded in Europe.

An option has a value (premium)

 

FINANCE ASIA NEWS: 24 MARCH 2008 SINGAPORE THIRD ANNUAL PRIVATE EQUITY CONFERENCE

March 6, 2008 at 4:28 am | Posted in Asia, Economics, Financial, Globalization, Islam, Research | Leave a comment

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FinanceAsia Daily News

Thu, Mar 6:

Khazanah sukuk EB, Knight Vinke

on HSBC, ABC Learning Centre

rescue

3rd Annual Private Equity IQ South East Asia, 24 – 27 Mar 2008, Meritus Mandarin Singapore, Singapore

SIFMA’s Asia Pacific Securitisation Forum, 31 Mar 2008 – 2 Apr 2008, Venetian, Macau

FinanceAsia Daily News (editors@newsletter.financeasia.com)

Wed 3/05/08

FinanceAsia Editors

(editors@financeasia.com )

Top Stories

1. Strong demand for Khazanah’s third exchangeable sukuk

2. Knight Vinke’s view on HSBC’s results

3. Morgan Stanley buys 60% of ABC Learning’s US business

4. Japan initiates new carbon trading debate

5. Photos from our Structured Products Awards cocktail

6. Standard & Poor’s Daily Ratings Direct Asia-Pacific Highlights

7. Events – Sponsored Section

Equity News

Strong demand for Khazanah’s third exchangeable sukuk

The $550 million bond issue, which is exchangeable into shares of Parkson Retail, was combined with a $96.8 million placement of shares in the same company.

By Anette Jönsson

View Point
Knight Vinke’s view on HSBC’s results
The activist investor suggests HSBC’s 18% earnings increase is due to one-offs and that radical action may be necessary with respect to the bank’s subprime-affected business in the US.
By Sameera Anand

Financial Sponsors
Morgan Stanley buys 60% of ABC Learning’s US business
Morgan Stanley comes to the rescue of Australia’s ABC Learning Centres, acquiring 60% of the childcare operator’s US business and a further 10% stake in ABC for a combined outlay of up to $722 million.
By Sameera Anand

Business Moves
Japan initiates new carbon trading debate
The first meeting of Japan’s new government advisory panel on climate change was convened Wednesday, but the development of a national carbon trading scheme could be some way off.
By Dan Slater

Structured Products
Photos from our Structured Products Awards cocktail
Winners of our first ever Structured Products Awards gathered in Hong Kong to be applauded for their stand-out achievements in a trying year.
By The Editors

Standard & Poor’s Daily Ratings Direct Asia-Pacific Highlights
Welcome to Standard & Poor’s daily summary of credit research of interest to investors in Asia-Pacific.
By Standard & Poor’s

Events –

editors@financeasia.com

For news on the latest third party conferences and seminars, please see below.

Please click on the headline for further details.

3rd Annual Private Equity IQ South East Asia, 24 – 27 Mar 2008, Meritus Mandarin Singapore, Singapore

SIFMA’s Asia Pacific Securitisation Forum, 31 Mar 2008 – 2 Apr 2008, Venetian, Macau

please contact:
Jonathan Hirst
Jonathan.Hirst@financeasia.com

or

Keith Frith Keith.Frith@financeasia.com

Stephen Tang Stephen.Tang@financeasia.com

FinanceAsia Daily News

Thu, Mar 6:

Khazanah sukuk EB, Knight Vinke

on HSBC, ABC Learning Centre

rescue

Wed 3/05/08


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