| Std Bank, ICBC in $1bn resources fund
They did not ruling out a possibility of third party participating and investing in the fund. There is a huge demand for resources such as precious metals, oil and gas in China and this is also driving the commodities markets. Ridley said ICBC was interested in taking part in the resources sector and Standard Bank could provide access to over 250 professionals in commodities and resource financing worldwide. Standard Bank would also contribute to the fund by creating deal flow and fund investment opportunities. We will also leverage global franchise in resources industry, he said. ICBC could assist the fund by facilitating access to investment opportunities in China and contributing funding sources. We will complement each other, said Ridley.
S. Wade Hansen
Hansen's articles have appeared in Technical Analysis of STOCKS & COMMODITIES magazine, BusinessWeek's Investor Education program, and CNBC's Investor Education program. He has been investing in the Forex market for years and has been a featured speaker at multiple Forex-trading workshops and seminars. He has also helped train tens of thousands of investors as the cocreator of the INVESTools Currency Trader, Advanced Options, and Advanced Technical Analysis education programs. .
Young, fun and full of sun
Like a bullet: Those with dodgy tickers steer clear. Those hungry for some serious, extreme adventure, come on in. Bungy Australia's oldest and only bungy jump on the Gold Coast takes you 14 storeys high and flings you like a bullet. Check out prices, location, gallery of images and a video to give you a better idea whether you have the courage or not to proceed. Hello traveller: Hello Gold Coast is another broad tourism focused website with the lowdown on accommodation and attractions for the Gold Coast region, but also some great sections for cruises, watersports, golf and restaurants. The site also has a holiday planner to help you organise the whole trip and a handy directory to surf clubs throughout the region. Wave rave: Speaking of surfing, Go Ride A Wave promises to get you up riding waves in no time and stakes a claim of being the best in the business when it comes to mastering the surfboard.
Speech by Gauteng Premier, Mbhazima Shilowa at the opening of the ...
Together with municipalities and Eskom, and in line with the National Electricity Emergency Plan, we have agreed on a range of measures to manage the crisis in the short, medium and long term. The first and most important step is to reduce our consumption of electricity by at least 10 percent. All provincial government offices which have not already done so will change to energy efficient globes and switch off lights and appliances at night and when not in use. In line with the President's call, we call on the public to name and shame those who fail to comply. Departments that were named by Radio 702 as failing to comply such as the Departments of Public Transport, Roads and Works, the Gauteng Legislature building and the Johannesburg Roads Agency will have to take immediate corrective measures.
Probe: Soc Gen trader had no accomplice
Investigators of a $7 billion fraud at French bank Societe Generale say that the only trader implicated in the scandal acted alone. Investigators also said Wednesday they found no evidence that there were any personal monetary gains made through the allegedly unauthorized positions taken by futures trader Jerome Kerviel. In an interim report, internal investigators at France's second-largest bank said procedures were followed correctly but they failed to stop Kerviel, 31, who is accused of carrying out trades that forced the bank to mop up almost 5 billion euros ($7.33 billion) in losses. "At this stage of the investigations, there is no evidence of embezzlement or internal or external complicity," according to a report by a committee charged with investigating the losses.
Tight "Money"
There is a whole big issue...which has not fully played out in regard to providing credit and liquidity to institutions, so I think it is a dangerous period for the world. I think we are going to go through next year, certainly the first half of next year, with considerable traumas.'" November 28 - Financial Times (Michael Mackenzie and Saskia Scholtes): "Investor flight from anything bearing the taint of the US subprime mortgage crisis has pushed financial companies debt to its weakest versus US Treasuries in more than five years. Energy, utilities and telecommunications companies, conversely, have seen their lower-rated BBB bonds attract haven buying. This divergence is a stark indicator of one root cause of the current credit crunch: the unwinding of leverage on the part of investors.
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