| TFN NEWS BRIEFING: Macroeconomics highlights to 10:10 BST
COPENHAGEN (Thomson Financial) - The seasonally adjusted February trade surplus, excluding ships, amounted to 1.5 bln dkr, down 1.2 bln dkr from January, Statistics Denmark reported. 2007-04-10 09:19:11 Bank of Japan governor sees no sign of resumption of yen-carry trade TOKYO (XFN-ASIA) - Bank of Japan governor Toshihiko Fukui says he sees no sign of the resumption of the yen-carry trade, despite the recent weakening of the yen. 2007-04-10 09:18:52 Norway March CPI up 0.6 pct from Feb; PPI up 1.8 pct OSLO (Thomson Financial) - The March consumer price index rose 0.6 pct from February, and was up 1.1 pct year-on-year, Statistics Norway reported. 2007-04-10 09:17:44 China's liquidity could be reduced by large-scale securitization - S&P BEIJING (XFN-ASIA) - Large-scale securitization by banks would significantly reduce liquidity and assist macro-economic management in China, Standard & Poor's said in a report.
Dow Chemical says no talks going on for $50b leveraged takeover
New York: Chemical, responding to a British newspaper report that a consortium was preparing a $50 billion bid for the company, said on it has had no discussion about a leveraged buyout. The statement sent Dow shares down 1.1 per cent to $46.10 in after-hours trading, after they had risen 4.9 per cent to $46.63 during trading on the New York Stock Exchange. Analysts, meanwhile, expressed scepticism about a possible buyout, saying a strategic joint venture was more feasible. "The company has had no discussion about a leveraged buyout," Dow said in a brief statement after the NYSE closed for the day. It said its statement was reiterating comments made earlier on Monday by Andrew Liveris, its chairman and CEO. Earlier that day, Dow had said it would not comment on market rumours and speculation.
Location is everything in foreign property market
Recent reports suggest that foreign property is increasingly being looked at by Britons as a method of boosting retirement income. Workers with an eye to the future are apparently snapping up properties abroad in the hope that either the rental payments received will boost their income streams when they are no longer working, or the property will have appreciated in value by the time they retire, allowing them to sell it and collect a lump sum. In practice, many buy to let investors will enjoy both the benefit of rental income and the bonus of a tidy profit if they choose to sell at an opportune moment in future years.The avenue of foreign property acquisition is one that has been opened up in recent years due to a number of factors. In part, the ever-increasing price of property back home has encouraged some people to look abroad for a property that may offer a better value investment that what could be procured by spending the same money back home.
Tanmiyat sets its sights on the Singaporean market
After its Platinum Sponsorship of Cityscape Dubai last year, Tanmiyat Investment Group announced that it will be participating as a Platinum Sponsor in Cityscape Asia 2007, an international property development and investment exhibition, which will be held between the 10th and 12th of April 2007 in Suntec-Singapore. .
Lunatics on the Sidelines
They would bend the rules of the game and hope no one was noticing. Sometimes these antics did go unnoticed, but not always. I remember one basketball game in which a referee removed a player from a game for playing by his own personal rules. The player's brother, who was coaching the team, questioned the official in a not-so-pleasant manner and was himself ejected. Then, lo and behold, down from the stands came their father (a longtime coach himself), whose protests caused him to be thrown out of the gym as well. This is the kind of father-son bonding we need not encourage. Some people were not fazed at all by this reality show, having witnessed similar scenes before. But there are those of us who (silently) cheered, grateful that our kids could see that there can be consequences.
Takashimaya Forecasts Operating Profit to Increase 9 Percent
April 10 (Bloomberg) -- Takashimaya Co., Japan's largest department store operator, said full-year operating profit will rise 9 percent on higher sales. For the year started March 1, operating profit will increase to 37 billion yen ($310 million), the Osaka-based retailer said in a statement to the Tokyo Stock Exchange today. Net income in the year ended Feb. 28 increased 20 percent to a record, boosted by a one-time gain. Improving profit growth may hinge on increasing sales at stores the company is remodeling, including a shop in Tokyo's main shopping district of Shinjuku, to attract customers and higher-paying tenants. Takashimaya must also fend off competition from discount shops and online retailers that have lower operating costs. ``Takashimaya's performance this year will depend on how the refurbished Shinjuku store can boost sales,'' said Katsura Kihara, a retail analyst at Credit Suisse in Tokyo.
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