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Weekly Roundup - 3 October 2008

Posted By Webmaster on October 3rd, 2008


This week Pro Trade Shares interesting links recommendation are:

Analysts: BII buy still expensive

Analysts say Malaysia’s largest bank, Malayan Banking Bhd’s (Maybank), revised acquisition price of PT Bank Internasional Indonesia Tbk (BII) is still expensive despite a rebate of RM758.9mil. Three days ago, Maybank signed a supplement agreement with Singapore’s Fullerton Financial Holdings Pte Ltd and Kookmin Bank of South Korea to acquire BII at a 15% discount, making the total acquisition cost of 55.6% stake in BII held by Sorak Financial Holdings Pte Ltd to RM4.26bil from RM4.8bil previously.

Europe: Emergency summit on credit crisis called

France on Thursday formally called an exceptional weekend summit to hash out a common European Union response to the spreading U.S. financial crisis, amid divisions among European officials about how closely to coordinate their action.
France currently holds the rotating EU presidency and Sarkozy was clearly seeking a common position as Europe braces for the shockwaves from across the Atlantic to squarely hit European shores.
Italy has already sought protective cover with stock market regulator Consob on Wednesday putting a month-long ban on short-selling bank and insurance stocks. Italian bank giant Unicredit has seen its value fall as much as 23 percent since Monday.

US Senate passed $700Billion bailout

The US Senate on Wednesday night passed a sweeping and controversial financial bailout similar in key ways to one rejected by the House just two days earlier. The measure was passed by a vote of 74 to 25 after more than three hours of floor debate in the Senate. Presidential candidates Sens. Barack Obama, D-Illinois, and John McCain, R-Arizona, voted in favor.

Advocates say the plan is crucial to government efforts to attack a credit crisis that threatens the economy and would free up banks to lend more. Opponents say it rewards bad decisions by Wall Street, puts taxpayers at risk and fails to address the real economic problems facing Americans.

I don’t always visit sites just on business and finance. Here are some other interesting sites:

Conventional psoriasis treatment

Psoriasis treatment options are extensive and include emollients, salicyclic acid, coal tar, anthralin, corticosteroids, calcipotriol, tazarotene, methotrexate, retinoids, immunosuppressants, immunotherapeutic agents and light therapy. These treatment can be divided into topical and systemic treatment for psoriasis.
Corticosteroids are usually used topically but may be injected into small or recalcitrant lesions.
Warning: systemic corticosteroids may precipitate exacerbrations or development of pustular psoriasis and should not be used for any form of psoriasis therefore it is not adviseble to take corticosteroids orally.
Cyclosporine is an immunosuppressant that can be used for severe psoriasis but should be limited to courses of several months and rarely up to 1 year. Its affect on the kidneys and potential long-term effects on the immune system therefore it is recommended to use cyclosporine liberally.

Google data centers save energy

Do you know your personal computer uses more energy than Google Search to answer your query. Google claims that Google-designed data centers use use much less energy than conventional facilities to feed and cool the computers inside. Google engineers have optimized every element in the data center, from the chip to the cooling tower.

Study pushes back origin of AIDS pandemic to 1908

The deadly AIDS virus first began spreading among humans at the turn of the 20th century in sub-Saharan Africa, just as modern cities were emerging in the region, U.S. researchers said on Wednesday. The finding pushes back the origin of the human immunodeficiency virus (HIV) by several decades, they reported in the journal Nature.

Prior estimates put the origin of HIV at 1930. But Michael Worobey of the University of Arizona in Tucson now believes HIV began infecting humans between 1884 and 1924. The research is based on 48-year-old gene fragments dug from a wax-embedded lymph node from a woman in Kinshasa in the Democratic Republic of Congo, formerly Zaire.

After Shenzhou Success, China Looks to the Future

Most experts agree the event, which included the nation’s first spacewalk, went off without a hitch. Before the Shenzhou 7 mission launched Sept. 25, Chinese space officials said there were four main objectives to the mission: to conduct a spacewalk, to do tests of a solid lubricant material during the spacewalk, to deploy a new satellite to take images, and to use a new data relay satellite for communication, said Dean Cheng, China analyst with Alexandria, Va.-based think tank CNA Corp.
With each new mission, China is taking steps toward its ultimate goals of establishing a more permanent presence in space through building a space laboratory, and perhaps even landing on the moon. The latter goal has been stated more explicitly after the recent success of Shenzhou 7.

Human remains found at Fossett crash site

US crash site investigators found human remains amid the wreckage of Steve Fossett’s small plane on a remote California mountain, the chief of the National Transportation Safety Board said on Thursday.
Fossett, 63, vanished after taking off in a single-engine Bellanca Citabria Super Decathlon on September 3, 2007, from the airstrip of hotel magnate Barron Hilton’s ranch in Nevada, sparking a long but fruitless search.

The finding of human remains may close months of debate over whether the millionaire adventurer actually died, although Rosenker said local officials would be responsible for examining the remains.

And to close off this week roundup, a little self promotion.

Fred Chan Blog coming

Before I started Pro Trade Shares, all the articles were in my personal and first blog named fredchanblog.com. Subseqently I moved all the posts on How to Trade shares in Bursa Malaysia to its very own niche blog, protradeshares.com. I then was busy with some other project and left my personal blog into hibernation. I planned to restart fredchanblog.com soon but I haven’t decided on what subjects to cover. FredchanBlog is temporary testing various theme and I might hack the final theme to my liking. Feel free to suggest some ideas on what I can cover.

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