Friday, October 21, 2011

Credi Corp Securities Headlines:Research marks a leap forward for DNA-based computers

http://credicorpsecurities-planning.com/2011/06/credi-corp-securities-headlinesresearch-marks-a-leap-forward-for-dna-based-computers/

Caltech researchers have produced the most sophisticated DNA-based computer yet, a wet chemistry system that can calculate the square roots of numbers as high as 15.
The system is composed of 74 strands of DNA that make up 12 logic gates comparable to those in a silicon-based computer, the researchers reported Thursday in the journal Science. But the system operates a little more slowly than a conventional computer: It takes as much as 10 hours to obtain each result.
The new findings mark a major change in the direction of DNA-based computing, which researchers have been working on for two decades. “We are no longer trying to compete with silicon computers,” said Caltech bioengineer Erik Winfree, senior author of the study. Instead, they are trying to develop computers that can interact directly with components within living cells.

Credi Corp Securities Headlines: Tips for financial recovery after returning to work

http://credicorpsecurities-planning.com/2011/06/credi-corp-securities-headlines-tips-for-financial-recovery-after-returning-to-work/

As the economy slowly recovers, and people return to work after long layoffs, the financial recovery begins. The California Society of CPAs offers these strategies for people to get their economic houses in order.
Reexamine financial goals. Before establishing a budget after being employed, examine financial goals. Start by making a list of short-term goals (e.g., new car, health insurance) and long-term goals (e.g., your child’s college education, retirement). Next, ask: How important is it for me to achieve this goal? How much will I need to save? Armed with a clear picture of their goals, work toward establishing a budget that can help reach those goals.
Identify and reexamine current monthly income and expenses and create a budget. Recently unemployed need to start by adding up all of their income. In addition to their regular salary and wages, they need to be sure to include other types of income, such as dividends, interest, and child support. Next, they need to add up all of their expenses which includes: credit cards and college loans, etc.
Next they need to see where they have a choice in their spending. It helps for them to divide expenses into two categories: fixed expenses (e.g., housing, food, clothing, and transportation) and discretionary expenses (e.g., entertainment, vacations, and hobbies). They will also want to make sure that they have identified any out-of-pattern expenses, such as holiday gifts, car maintenance, home repair, and so on. To make sure that they are not forgetting anything, it may help for them to look through canceled checks, credit card bills, and other receipts from the past year. Finally, as they list their expenses, it is important for them to remember their financial goals. Whenever possible, they need to treat their goals as expenses and contribute toward them regularly.
Once they have added up all of your income and expenses, they need to compare the two totals. To get ahead, they should be spending less than they earn. If this is the case, they are on the right track, and they need to look at how well they use their extra income. If they find themselves spending more than they earn, they will need to make some adjustments. They need to look at their expenses closely and cut down on their discretionary spending. And they need to remember, if they find themselves coming up short, they don’t need to worry! All it will take is some determination and a little self-discipline, and they will eventually get it right.
Consider consolidating debt to get monthly payments down to reduce expenses. If a recently unemployed worker has a lot of debt, they may want to consider debt consolidation. Debt consolidation is when a person can roll all of their smaller individual loans into one large loan, usually with a longer term and a lower interest rate. This allows them to write one check for a loan payment instead of many, while lowering their total monthly payments.

Credicorp Securities Headlines: Triple Blasts Hit Mumbai, Killing 21

http://credicorpsecurities-planning.com/2011/07/credicorp-securities-headlines-triple-blasts-hit-mumbai-killing-21/

The city was placed on high alert after the blasts, which officials believed were “a coordinated attack by terrorists,” Home Minister P. Chidambaram said at a news conference. He didn’t say whether he believed the perpetrators were homegrown or foreign-based.
The attacks underscored India’s significant domestic security vulnerabilities, despite efforts in recent years to bolster intelligence-gathering and coordination between local and national-security officials.
The attacks could also complicate nascent efforts at establishing peace between India and neighboring rival Pakistan.
Prime Minister Manmohan Singh condemned the attacks. “I appeal to people of Mumbai to remain calm and show a united face,” he said in a statement.
The blasts occurred within minutes of each other, at around 6:45 p.m. in crowded parts of the city. Officials said the most powerful of the three occurred in the Opera House neighborhood, an area of south Mumbai that hosts the city’s diamond hub.
At least 50 of the wounded from the area were brought to Saifee Hospital, according a volunteer who was coordinating with relatives who waited at the facility’s gate for news of loved ones.
At the hospital gate, Parag Mahindra Shah said he had been winding up his day’s work at a jewelry business when he heard the explosion. Windows shattered and glass flew into his office. Outside, the damage was worse, he said: His 37-year-old relative who also works in the area, a real-estate broker, was caught in the explosion, Mr. Shah said. The relative, whose abdomen and face were blown apart, died at the hospital, he said.
A second bomb exploded at south Mumbai’s Zaveri Bazaar, a wholesale market for jewelry, cloth, drugs and other goods that one local guild president said had one million visitors a day. The third happened at a bus stop in Dadar, a middle-class zone in central Mumbai.
India’s Home Affairs Ministry said just before midnight Wednesday local time that 21 people were killed and 141 injured. The home minister said a team of investigators from India’s National Security Guard was on its way to the scenes.

President Barack Obama condemned the attacks. “We will offer support to India’s efforts to bring the perpetrators of these terrible crimes to justice,” he said in a statement.

Mumbai has been a frequent target over the years for terrorist strikes. Wednesday’s attacks fit with the pattern of previous serial blasts in India’s largest city aimed at busy neighborhoods and public transportation.

In November 2008, the city was the target of India’s worst terrorist attack, when Pakistan-based militants killed more than 160 people in a shooting spree at hotels and other venues. The attacks traumatized the nation, sparking a debate over India’s internal security preparedness and leading to a breakdown of diplomatic relations with Pakistan.

The two countries have tried to mend their relations in recent months, with high-level officials restarting talks on a range of issues. But there is still major distrust between them. Indian officials want Pakistan to do more to punish those responsible for the 2008 Mumbai attack and generally crack down on militant groups on its soil.
While no suspects were named and no group came forward to claim responsibility Wednesday, if Pakistani-based militants ultimately are held responsible, it could throw the countries’ détente off course and lead to new tensions between the historic rivals.

In a statement, Pakistani President Asif Ali Zardari and Prime Minister Yousuf Raza Gilani condemned the blasts and expressed sympathy over the loss of life.

India is expected to be in a state of high alert for other potential strikes. “The police and the government need to look into the implications of the blast—whether this is a prelude to bigger terrorist activities or simply a warning,” said Suba Chandran, director of the Institute of Peace and Conflict Studies, a New Delhi-based think tank.

The bomb at Zaveri Bazaar was placed in an umbrella in or near a motorcycle in Khau Gali—or Food Street in the local Marathi language—Mumbai’s police commissioner, Arup Patnaik, told local television channels.

Bavani Shankar, a 28-year-old salesman in a jewelry store in Zaveri Bazaar, was eating dinner on the road when he heard a loud blast. He captured the immediate aftermath on a video on his mobile phone, showing a ball of fire in the street and crowds of people running in all directions.

Some victims lost limbs in the blasts, witnesses said. “I have never seen people running without hands and feet—it was horrible,” said Pankaj Jain, who has a jewelry business across town and had come to the bazaar when the blast occurred. “It was chaos and horror.”

Credicorp Securities Headlines: Market Report: Bid chatter and recovery hopes help De La Rue

http://credicorpsecurities-planning.com/2011/07/credicorp-securities-headlines-market-report-bid-chatter-and-recovery-hopes-help-de-la-rue/

Its rise up the mid-tier index meant De La Rue’s investors were in the money last night, as City scribblers talked up both the banknote printer’s takeover potential and the chances of it executing a successful turnaround.

The troubled group, which produces passports and visas as well as currency, dipped on Thursday after releasing a mixed first-quarter trading update. Yesterday, however, the market appeared to have a change of heart as it shot up 33.5p to 779.5p, helped by Investec upgrading its advice to “buy” from “hold”.
The broker said it believed there were two possible scenarios for De La Rue – which in May revealed that its full-year profit had dropped nearly 70 per cent thanks to production issues – and that both provided a “meaningful upside”.
In the first, said Investec’s analysts, it could once again be a takeover target, potentially for Oberthur, the French technology group with which it was involved in takeover talks that fell apart last January. The analysts noted recent reports that Oberthur is close to selling some of its businesses, “which, if accurate, would provide a significant portion of firepower required to acquire De La Rue”.
However, they added that since the company said in June that it would not make a renewed attempt, any fresh approach would have to wait until December because of Takeover Panel rules.
The other scenario, they proposed, would be it trading “its way back towards peak profitability”, and they highlighted their “confidence in the turnaround”. Giving their backing to the management, the analysts calculated a fair value for the company of 935p a share, the same price they predicted any potential bid would start at.
With the emergency summit in Brussels producing a bailout package for Greece, the FTSE 100 extended its recent gains by climbing 35.13 points to 5,935.02, meaning it has added nearly 150 points over the past four days. Despite the news, however, Royal Bank of Scotland and HSBC were the only banks in the blue, surging up 0.81p to 36.86p and 3.6p to 612.2p respectively.
Aviva was still marching forwards, closing 5.4p better off at 425.4p after bid rumours linking the insurer to a potential approach from Zurich or Allianz emerged on Thursday. Meanwhile, engineer GKN put on 3.9p to 235p thanks to mutterings being reheated yesterday that it may be a target.
Another takeover tale being given an airing was hardly a fresh one, as rumours did the rounds that the US giant Exxon Mobil could be interested in BG Group. There was widespread scepticism among market voices given the number of times bid chatter has focused on the oil explorer, and – with the rumours suggesting a price between 2,200p and 2,400p – it eased forwards just 8.5p to 1,409.5p.
United Utilities was another subject of takeover talk, as Investec’s Angelos Anastasiou said that although an approach was “not necessarily on the cards, it is also not beyond the bounds of reason”. The water group increased by 4p to 588p after revealing it was on track to meet its targets, prompting the analyst to keep his “buy” advice.
Elsewhere, Sage slid back despite Microsoft’s announcement late on Thursday that its annual sales had reached a new high. The software group retreated 2.7p to 280.8p, even though Panmure Gordon said the read-across from the US giant confirmed its “positive view that Sage is trading well”.
The stand-out stock on the FTSE 250 was easyJet after it flew up 55.3p to 368p – a move of nearly 18 per cent – after the release of its interim management statement. The budget airline had lost almost 13 per cent since the start of the month, but the news that an increase in business travellers meant it was raising its annual forecasts more than wiped out that fall.
The holiday theme at the top of the mid-tier index continued with Thomas Cook, as the under-fire tour operator ticked up 4p to 72p. The group has been shunned by investors since its profit warning earlier in the month, but things were looking sunnier yesterday after Charles Stanley’s Douglas McNeil said fears were “overdone”. “If this business did not exist, it would have to be invented,” said the analyst, who kept his “buy” recommendation while playing down the likelihood of its UK operations being closed down.
Also travelling higher was FirstGroup, after HSBC upgraded its advice to “overweight”. The transport group ticked up 8.6p to 364.3p as the broker said that although margins as its US school bus unit may not recover as hoped thanks to underlying cost inflation, “they can be stabilised”.
RM was left with the unwanted honour of being the main market’s biggest loser, as the small cap company plummeted nearly 19 per cent. The supplier of IT equipment for schools was driven back 27p to 117p in the wake of a profit warning which it blamed on difficult trading in the US and UK.
FTSE 100 Risers

Credicorp Securities Headlines: Apple’s Strategy to Counter Google Likely Means Acquisitions

http://credicorpsecurities-planning.com/2011/08/credicorp-securities-headlines-apple%E2%80%99s-strategy-to-counter-google-likely-means-acquisitions/

First, Misek believes Apple will explore the wireless patents in the portfolios of at least one smartphone maker, Finland’s Nokia, which is fast losing market share, market researchers estimate. Apple, of Cupertino, Calif., already pays Nokia “significant royalties” to cross-license patents, so it could buy them instead.
Nokia, which was a leader in mobile communications decades before Apple launched the iPhone, has at least 50 essential 4G patents plus as many as 100 essential 3G patents, he estimated. Motorola Mobility already possesses 500 essential 3G and 4G patents.
Apple reported cash and investments exceeding $76.2 billion in its third quarter ended June 25, with nearly 54 percent outside the U.S.
For tax purposes, that might make it easier for the company to make foreign acquisitions.  Repatriating the money would cost Apple dearly because it would be liable to a dividend tax as high as 35 percent, tax lawyers said.
In the same vein, Apple might explore patents held by Canada’s Research in Motion, the maker of the BlackBerry. RIM has spent $5 billion buying intellectual property, including companies like QNX.  As a result, it owns “critical security related patents” as well as some for network operating centers and nodes, Misek said.
One problem might be valuing those RIM properties as a “standalone asset,” Misek said. But it could call specialized investment banks including Chicago’s Ocean Tomo, which was involved in the Nortel Networks deal,  and MDB Capital Group in Santa Monica, Calif.,  for that purpose.
At home, Apple might also look at InterDigital, the King of Prussia, Pa., holder of about 1,300 wireless patents which announced its auction last month. That was viewed as a response to the patent auction by Nortel Networks, which went for $4.5 billion to a syndicate that included Apple, with Microsoft, EMC,Sony, Ericsson and RIM.
It may not be as attractive due to lower royalty payments as well as many cross-licensing agreements, the Jefferies analyst said. However, Nokia itself may be eyeing InterDigital as well as Qualcomm, itself the biggest licensee of chip patents to the mobile phone sector.
Qualcomm, of San Diego, generates more than 90 percent of its revenue in royalties. Its previous president, Sanjay Jha, is CEO of Motorola Mobility. With a market capitalization of $85.6 billion, Qualcomm reported cash and investments exceeding $20.2 billion as of June 26.
Earlier this year, it acquired Atheros Communications, a chip designer that specialize in wireless chipsets, for $3.1 billion.

Credi Corp Securities

http://www.widepr.com/company_profile/6718/credi_corp_securities.html

Here at Credi Corp Securities we are committed to offering our clients access to the latest and broadest range of financial services and products on the market. We know that choosing the right strategy, the right investment and the right product is no easy task in this day and age! Whether its advice, investments or financial planning we are here to answer all your questions and facilitate all your financial needs.
Credi Corp Securities
Jonathan Moore
Zurich Seefeld
ZurichZurich
United Kingdom8008

Tuesday, October 11, 2011

Credi Corp Securities Stock market Watch and Blog News websites CrediCorp Securities Zurich Commodities Watch

Credi Corp Securities Stock market Watch and Blog News websites CrediCorp Securities Zurich Commodities Watch


(AP)  LONDON — Taxing financial trades has been touted as a panacea for all kinds of global ills, a cash source to fight poverty and global warming. But the latest European attempt to introduce a worldwide standard 40 years after it was first conceived is facing stiff opposition from the U.S. and Britain.
Jose Manuel Barroso, the president of the EU’s executive arm, on Wednesday threw his weight behind the tax that his office estimated could raise euro57 billion ($77 billion) a year in Europe to help combat a debt crisis that is threatening the euro currency.
“In the last three years, member states have granted aid and provided guarantees of euro4.6 trillion to the financial sector,” Barroso said. “It is time for the financial sector to make a contribution back to society.”
The tax would be a tiny percentage of the value of a trade in assets like stocks and bonds. Although some countries already have a minimal duty on share trading, the new proposal would not only increase the scope and size of the tax but also siphon off some revenue to Brussels.
The European Commission has formally backed the tax to take effect from January 2014.
As a result of the financial crisis in 2008 and the ensuing recession, debt levels across Europe, and not just in the bailed out countries of Greece, Ireland and Portugal, have risen sharply. Across the 27-nation EU, debt as a percentage of national income has spiked from below 60 percent in 2007 to 80 percent this year.
Though the tax could dent growth and employment, it has won a fair degree of support across the 17-country eurozone, including France and Germany, the EU’s two biggest economies.
Britain, however, has been adamantly against it unless it is used on a global basis. Its opinion carries weight in the debate because London is the continent’s biggest financial center.
The argument made by the likes of George Osborne, Britain’s finance chief, and echoed last week by his counterpart in the U.S. Timothy Geithner is that the tax just won’t work if it’s not introduced globally. If it’s not, investors can move money quickly to where the tax doesn’t need to be paid, saving themselves potentially large sums of money in financial trades.
Howard Wheeldon, a senior strategist at BGC Partners, said it’s a bad idea to have a trades tax now, especially since many banks are still trying to meet new requirements to beef up capital buffers.
“The timing is inappropriate; it’s something to look at in a few years time,” Wheeldon said.
Even if Britain and the U.S. decide to opt out, it is possible that the eurozone countries, or at least some of them, may go it alone.
“I think the eurozone or number of member states would go ahead and do it, and would start it at a low enough level to answer political objections,” said Sony Kapoor, managing director of Re-Define, an economic think tank.
Some activists campaigning for the tax worry the money may be used solely to fix the world’s financial difficulties. They say a large chunk of the revenues should be used for other important issues, such as reducing poverty or fighting global warming.
Oxfam International, a long-time proponent of the tax, lauded the European Commission’s support ahead of the October 17-18 summit of EU leaders and the Group of 20 meeting of the leaders from the top industrial and developing nations.

Credi Corp Securities Investment Headlines: Worrisome economic reports trigger big stock sell-off

http://credicorpsecurities-planning.com/page/2/


A batch of disappointing economic reports is leading some investors to worry that what appeared to be a short-term slowdown could turn into a longer-lasting downturn.
Signs of slowing growth in the U.S. manufacturing sector and in private-sector employment prompted the biggest one-day sell-off in the U.S. stock market since August, taking the Dow Jones industrial average down 279.65 points, or 2.2%.
Many investors had attributed disappointing economic data in recent weeks to short-term disturbances such as the rise in oil prices early in the year and disruptions caused by the Japanese earthquake.
“The stock market has been discounting a lot of bad data as just temporary,” said Jim O’Sullivan, chief economist at MF Global in New York. “The numbers today raised the credibility of the possibility that there’s more going on than just a temporary slowdown.”
Combined with a report Tuesday pointing to a fresh low in U.S. home prices, Wednesday’s numbers raised fears of a slowdown in consumer spending, which accounts for most of the country’s economic output.
“The economy is going to continue to stumble through the second half of the year,” said Steven Ricchiuto, chief economist at Mizuho Securities USA.
Wall Street’s losses Wednesday erased gains recorded in the preceding four trading days.
The Dow, which closed at 12,290.14, has fallen 4.1% since reaching a three-year high in April. But the blue-chip index is still up 6% this year. The broader Standard & Poor’s 500 index, which lost 2.3% on Wednesday, remains up 4.5% year to date after dropping 3.6% from its April peak.
Some economists contend that even if stocks continue to fall in the short term, the pieces are in place for the economy to keep growing.
“It strikes me that what’s going on around the world is just normal fluctuations in data rather than something more worrisome,” said Neal Soss, chief economist at Credit Suisse.
Investors on Tuesday had shrugged off the release of the Standard & Poor’s/Case-Shiller index, which showed average home prices nationwide falling back to levels last reached in 2002. The Dow on Tuesday jumped 128 points.