Search the Web

Sunday, February 28, 2010

Prudential PLC Explores Bid For Asian Arm Of AIG.

(Feb. 28, 2010, -AP) Prudential PLC, Britain's largest life insurer, is exploring a bid for the Asian life-insurance arm of American International Group Inc., according to media reports Saturday.

The Wall Street Journal, citing people familiar with the matter it did not name, reported a deal could come in a week. Prudential would pay with a mixture of cash and stock, but the terms are still being negotiated, it reported. Talks of a deal were first reported by Sky News.

Monday, February 22, 2010

1Malaysia - People first being cheated!

 One from my mailbox
Kenapa Proton tak jual harga macam kat Arab Saudi?
Apa istimewanya orang Arab?

Kata ”Rakyat didahulukan”…..
Kenapa orang Arab lebih diutamakan?

Haaaa…..Jawapannya ialah…..Pemilik Proton di Malaysia semuanya dah kena tipu …

Harga Persona kat Saudi  = SR 36,100

Harga Gen2 kat Saudi = SR 33,600
Harga Waja kat Saudi = SR  37,950

1 Saudi Riyal = RM 0.94

Friday, February 19, 2010

Key Asian markets fall after US Fed raises discount rate

Friday, 19 February 2010  |  KUALA LUMPUR the edge : Key Asian markets fell at the midday break today, with Hong Kong the most affected after the US Federal Reserve unexpectedly raised its discount rate to 0.75% from 0.5%.

Though the FBM KLCI seemed the least affected by the rate-hike news, heavyweight Genting Bhd, Genting Malaysia and the call warrants of Genting Singapore extended their losses from the previous day.

Monday, February 8, 2010

Survey shows prices have shot up.

Sun, Feb 7, 2010 | PENANG: A survey by the Consumer Association of Penang (CAP) has revealed that the prices of essential items like lentils, mung beans, garlic and brown sugar have increased to between 50 and 140 percent over the past four months.

CAP president S.M. Mohamed Idris said garlic registered the highest increase, from RM2.50 to RM6 a kilogramme.

Friday, February 5, 2010

Bank of America sued over Merrill Lynch bailout

Thursday, 4 February 2010 | Legal action has begun against Bank of America and its former bosses, accusing them of duping investors and taxpayers during the takeover of Merrill Lynch.

The defendants are accused of intentionally withholding details of huge losses Merrill was suffering.

Tuesday, February 2, 2010

WEF 2010 - Rethinking Market Capitalism

A sudden global recession, massive government bail-outs and a steep loss of public trust in corporations have forced a re-examination of the spirit and structure of capitalism.

What elements of market capitalism should be rethought? FORUM 28.01.2010

1.  Herman Gref, Chairman and Chief Executive Officer, Sberbank, Russian Federation; Global Agenda Council on the Future of Russia
2.  H.R.H. Prince Salman Bin Hamad Al Khalifa, Crown Prince and Chairman of the Economic Development Board of Bahrain
3. Guy Ryder, General Secretary, International Trade Union Confederation (ITUC), Belgium
4. Tony Tan Keng-Yam, Chairman, Government of Singapore Investment Corporation, Singapore
5. Ben J. Verwaayen, Chief Executive Officer, Alcatel-Lucent, France
6. Jacob Wallenberg, Chairman, Investor AB, Sweden; Global Agenda Council on the Future of Long-term Investing

Kraft Foods completes Cadbury takeover .

Tuesday, 2 February 2010 | US firm Kraft Foods has sealed its takeover of Cadbury after shareholders in the UK chocolate maker voted in favour of the deal.

Cadbury said it had received valid acceptances of the offer from investors representing 71.7% of the firm.

Kraft chief executive Irene Rosenfeld said: "I warmly welcome Cadbury employees into the Kraft Foods family."