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above. Photograph: Steve Crisp/ReutersBy Robin WigglesworthDubai’s request for a debt standstill for one of its largest state-owned conglomerates has raised the possibility of the largest Islamic bond default on record, rattling the global Islamic debt markets.Nakheel, the Dubai developer behind many of the emirate’s gaudiest projects, has to find $4bn to repay an Islamic bond, known as sukuk, by December 14.The Nakheel sukuk has been seen...

This harkens back to the early days in the run-up to the invasion of Iraq. The same accusations of WMD development, the same MSM portrayal of a dictator and his evil henchmen, the same talk of UN resolutions. Except this time the focus is Iranmore HEREWill this lead to a new war and bring world economics into next wave 3 of global depression? Wait and see.....

(Bloomberg) -- Dubai’s debt woes may worsen to become a “major sovereign default” that roils developing nations and cuts off capital flows to emerging markets, Bank of America Corp. said.“One cannot rule out -- as a tail risk -- a case where this would escalate into a major sovereign default problem, which would then resonate across global emerging markets in the same way that Argentina did in the early 2000s or Russia in the late 1990s,” Bank of America strategists Benoit Anne and Daniel Tenengauzer wrote in a report.A default...

KUALA LUMPUR: The worst of the global economic crisis is over and developing countries like Malaysia can expect to register 6% gross domestic product (GDP) growth next year, according to UBS Investment Bank (global economics) managing director Paul Donovan. “Our GDP forecast of 6% for Malaysia is slightly higher than concensus but we are sticking to it,” he told a media roundtable on Global Macroeconomics Outlook 2009 yesterday. Donovan said in South-East Asia, Malaysia was expected to lead the pack in GDP growth, ahead of Singapore,...

KUALA LUMPUR: The Central Bank of Malaysia Act 2009 came into force yesterday, enabling Bank Negara to more effectively manage emerging risks and challenges. With this, the Central Bank of Malaysia Act 1958 is repealed and thus ceased to apply, the central bank said in a statement yesterday. The new Act provided greater clarity on the central bank’s mandate and vested it with the necessary powers and instruments to achieve this mandate, it said. Specific powers for macro-prudential financial stability which to date had not been...

MONTREAL — Gold production will continue to fall, despite a brief boost in 2009 and soaring prices, as deposits are exhausted and new discoveries remain elusive, say miners.In terms of production, "2009 is the outlier as far as the trend," Omar Jabara, spokesman for US-based Newmont Mining, the second-largest gold producer in the world, told AFP.Overall, "it's a fact that gold production from mines has been in decline since 2001 and has...

Malaysia’s central bank held interest rates steady at 2.0 per cent today for a sixth straight time, and said the pace of recovery in the domestic economy was gaining momentum and inflation was expected to remain modest in 2010.The widely-expected decision comes as Asia’s third-most trade dependent economy is recovering from an economic slump triggered by the global financial crisis. A pick-up in domestic demand helped the economy to contract less-than-expected 1.2 per cent in the third quarter.“As price pressures and inflation...

Benjamin Fulford – via The Silver Bear Cafe Nov 16, 2009 China has stealthily introduced a new financial system based on the renminbi which is well on its way to becoming fully convertible, according to a high-level Chinese source. In addition, China is purchasing 10,000 tons of gold to back up a new fund designed to develop and market heretofore forbidden and suppressed technologies. The fund will be based outside of China and will be controlled by prominent members of the Chinese overseas community. The gold purchase will...

THE investment case for gold has become increasingly compelling with the Central Bank of London buying and a structural change in interest for gold as an investment product among retail customers, according to the latest research from Standard Chartered in London."Although the upside will be capped by lower jewellery demand, the increased availability of scrap gold as prices surge to new highs and a periodic dollar strength in the first half of 2010, will see gold moving higher to average US$1,300/oz in Q4-2010 once the dollar...

Investors should remain cautious on core banking stocks AMMB, CIMB, Maybank and Public Bank which stayed overbought despite last week's profit-taking dip, says a research head Optimism in the early part of last week on hopes the listing of Maxis will encourage more institutional participation was proven wrong, as profit-taking followed after they shifted holdings in other blue chips to this top-tier telco and rebalanced their portfolios...

Quite often, I get suggestions from readers to review personal finance books that are promoted with a strong theme of fear. For example, just today a reader wrote to me with some eloquent questions from a book entitled The Coming Economic Collapse How You Can Thrive When Oil Costs $200 a Barrel. While I responded to his email, I was pretty clear to him that I had no interest in reading the book and would not be reviewing it. To me, books like this aren’t delivering personal finance advice, they’re selling fear. When I browse...

November 15, 2008 @ 11:00 am - Written by TrentFour or five times a day, I get an email from a reader who is worried about some absolutely apocalyptic prediction about what will happen to the global economy over the next several years. As I’ve stated before, I don’t buy into fear, but when someone writes to me with obvious deep concern for their future, I am compelled to help. My conclusion is that if you’re worried about the economic future, the best place to invest is in yourself. Developing yourself into a more intelligent...

A source close to the British Labour Government has just given me reliable information about the most radical copyright proposal I've ever seen.Secretary of State Peter Mandelson is planning to introduce changes to the Digital Economy Bill now under debate in Parliament. These changes will give the Secretary of State (Mandelson -- or his successor in the next government) the power to make "secondary legislation" (legislation that is passed without debate) to amend the provisions of Copyright, Designs and Patents Act (1988).What...

By Susan C. Walker Fri, 20 Nov 2009 15:45:00 ETInvestors got burned twice over the past few years: first it was the drop in the stock market, then in commodities in 2008. So now they are piling into bonds -- municipal bonds, in particular. Why is that a bad idea with a deflationary depression in the offing? Here's what Bob Prechter said about how bonds will act in a deflation more than five years ago, and it's all beginning to play out now. ***** Excerpted from Prechter's Perspective, reissued 2004 Credit will contract...

The long-feared financial disaster is still looming. Bad court decisions could set it off.The commercial real estate market is on its last legs and unless drastic actions are taken, the effects on the broader economy will be catastrophic. The obvious problem is the excessive amount of debt placed on the properties and the amount of debt that has to be refinanced during a relatively short period of time.Between now and 2013, at least $1.3...

President Barack Obama predicted Wednesday that the United States economy would grow again in the final quarter of 2009, pulling further out of a long and crippling recession.“We have seen economic growth. We anticipate economic growth next quarter as well,” Obama said in an interview with Fox News from China. In per centage terms, the US economy grew at a seasonally adjusted 3.5 per cent annual rate in the July-September period from the previous quarter.The growth exceeded analyst expectations and marked the strongest quarter...

Hari ini saya telah berjaya menghantar borang permohonan untuk membuka akaun semasa yang ada Overdraft yang bersandarkan sijil ASB. Setelah menahan sabar berminggu rasanya sejak CIMB buat promosi OD BLR - 2.0% (akan berakhir pada 31/12/2009), akhirnya terlaksana juga projek OD/ASB saya ini.OD/ASB CIMBMinimum sijil : RM12,000Rate : BLR - 2%MOF : 90%1. Bawa buku ASB ke cawangan ASNB untuk membuat sijil ASB.Saya telah pergi ke cawangan berikutAmanah...

2009/11/18 Minderjeet Kaur KUALA LUMPUR: Government departments and agencies will slash expenditure from January to help reduce the fiscal deficit. Chief Secretary to the Government Tan Sri Sidek Hassan said yesterday that certain departments and agencies might get 13.7 per cent less.He said the deductions would depend on specific needs and the government would prioritise value-for-money projects for implementation.Asked to comment on a report in a Chinese daily that the government may slash expenditure by up to 15...

to all CG members....this !@#$%^& guy has been scammed me for $50 in my 2nd transaction...please beware of this guy!!!YM id : chonyinchen@yahoo.commaybank acc: 101030074471 (KOH PHEI FANG)here is the proof:Show Recent Messages (F3)aden_4700: brochonyinchen: yes?chonyinchen: deal ?aden_4700: yesaden_4700: deal for 3.40chonyinchen: $50 x 3.4 = rm170aden_4700: ur acc no.chonyinchen: okchonyinchen: waitchonyinchen: broaden_4700: yeschonyinchen: wait yachonyinchen: 101030074471 koh phei fangchonyinchen: same accountchonyinchen:...

WASHINGTON - Federal Reserve Chairman Ben Bernanke on Monday said the central bank will keep a close eye on the sliding U.S. dollar even as he pledged anew to keep interest rates at record-lows to nurture the economic recovery. In remarks to the Economic Club of New York, Bernanke engaged in a delicate dance. He made clear Fed policymakers will keep rates at super-low levels. Yet through his words, Bernanke is also trying to bolster confidence in the dollar without actually raising rates, a move that could short-circuit the...

Politico reports that Jim Chanos is a big China Bear:But there’s a growing group of market professionals who see a different picture altogether. These self-styled China bears take the less popular view: that the much-vaunted Chinese economic miracle is nothing but a paper dragon. In fact, they argue that the Chinese have dangerously overheated their economy, building malls, luxury stores and infrastructure for which there is almost no demand, and that the entire system is teetering toward collapse.A Chinese collapse, of course,...

On 5:20 am EST, Thursday November 12, 2009 BEIJING (AP) -- China signaled Thursday that it's ready to allow its currency to rise just days ahead of a visit by President Barack Obama. China's central bank said in its quarterly monetary policy report that it will improve the yuan exchange rate formation mechanism by taking...

Bursa Malaysia announced yesterday that Maxis Bhd will be eligible for fast entry into the FTSE Bursa Malaysia Kuala Lumpur Composite Index in accordance with the FTSE Bursa Malaysia Index ground rules. This is because Maxis' full market capitalisation is expected to exceed 2 per cent of the full capitalisation of the FTSE Bursa Malaysia Emas Index, it said in a statement.It said that several changes in the FTSE Bursa Malaysia Index series will take effect on November 20, subject to the listing of Maxis on November...

HONG KONG: Albert Edwards, an analyst at French bank Societe Generale who correctly predicted the Asian financial crisis, sees global equity markets at a new low and chances of another global recession in 2010. Edwards, a prominent equities bear and a long-term critic of the policies of Western central banks, is sceptical of popular opinion that extreme policy responses will safeguard the West against a repeat of Japan’s “lost decade” of the 1990’s. “People should question the happy clappy nonsense from sellside analysts,” London-based...

IntroductionThe cover of this document tells you the whole story. Everything you really need toknow abut personal finance can be summarized in just one page. Spend less than youearn. Earn more. Live frugal. Do something sensible with the difference. Control yourown destiny. All of the other writing out there on personal finance is just details.In fact, the rest of this document is just details. What youʼll find in the rest of thisdocument is a lot of additional detail about the points made on the cover. Beyond that,this document...

Disini saya menggunakan calculator ASB loan dan dividen untuk membandingkan 2 teknik penyimpanan yang menjadi bualan hangat masa kini iaitu;i) Menyimpan sikit-sikit secara bulanan dalam ASB untungkah atauii) Buat pinjaman ASB dan bayaran bulanannya lebih kurang dengan teknik (i)Kita set setiap tahunASB Dividen : 7%ASB Bonus : 1%Teknik (i)Simpanan bulanan : RM600Tempoh : 120 bulan @ 10 tahunHasilnyaTAHNIAH! Pada awal januari tahun...

Almost everywhere I look in the mainstream financial media, I see story after story celebrating the end of the worst U.S. recession since the 1930's AND start of an all-out recovery to a brighter, smarter-for-the-pain bull market. "The grimmest days are now behind us," begins a November 5 BBC report. "All that talk of a return to the thirties now seems fanciful." Yet let's take a look at some of the actual data. At the very BASIC level, these comparisons between late 2007 and today are quite eye-opening: 2007: ...

1. Banks are hoarding cash.Despite having received trillions of dollars in taxpayer-funded bailouts and lived through a litany of shotgun weddings designed to reinvigorate the shattered lending markets, most banks are actually hoarding cash.So instead of lending money to consumers and businesses like they’re supposed to, banks have used taxpayer dollars to boost their reserves by nearly 20-fold, according to the Fed. The money the bailout was supposed to make available to the system is actually not passing “Go,” but rather getting...

MalaysiaSyiling Kijang EmasPublic Fine Gold (Public Gold)Public Dinar (Public Dinar)Emas KelantanUOB Bank Gold ProductsFederation of Goldsmiths And Jewellers Associations Of Malaysia (FGJAM)Public Bank Gold Investment Account (GIA)Maybank Gold SavingInternationalWorld Gold Prices (spot gold)Goldprice....

Billionaire investor Wilbur L. Ross Jr., said today the U.S. is in the beginning of a “huge crash in commercial real estate.”“All of the components of real estate value are going in the wrong direction simultaneously,” said Ross, one of nine money managers participating in a government program to remove toxic assets from bank balance sheets. “Occupancy rates are going down. Rent rates are going down and the capitalization rate -- the return that investors are demanding to buy a property -- are going up.”U.S. commercial property...