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Monday September 14, 2009

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Blue Square-Israel Ltd. (NYSE: BSI) announced that it was served with a claim and a request for approval as a class action (the “Claim”), in which Blue Square is being sued regarding the sale of cosmetics and perfume products without marking the expiry date or the allowed use period after its opening, as is allegedly obligatory according to the 15 amendment of the Pharmacists directive [new edition] 1981 which is in effect since July 1st 2009.

InferX Corporation (Pink Sheets: NFRX) today announced that it has signed a Memoradum of Understanding (MOU) with KG Information Systems

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Japan’s Darkest Days Lay Ahead

Ryan Cole, The Investment U Research Team

Bet against Japan.

It pains me to say it. I lived in Japan for five years – great years. I love the country, I love the people, I love the cherry blossoms in spring and the festivals in the streets and the poetic dewdrop in my window each morning.

But right now, I hate Japan’s economy. Here’s why:

1. It’s an exporting country, and nobody’s buying.

The American savings rate has gone from 0 to around 5%, and it’s still rising. Remember, this is with U.S. unemployment hovering just under 10%, officially. And, with furloughs and cost-cutting measures, the average work-week for the “fully employed” has fallen to 33 hours – the lowest number on record. So a 5% savings rate of a markedly smaller income pie, equals the collapse of disposable income spending.

That

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One of the biggest paper mills in Russia has raised approximately $2.1 billion in the past six years as a reward for following the Kyoto agreement to reduce its carbon dioxide, but it has not seen penny, says the Moscow Times.  Surgutneftegaz has requested a Hungarian court to see that all resolutions made in a meeting in April by shareholders of MOL, Hungary's largest refiner, be thrown out.   Lukoil plans to extend its operations in Kazakhstan, which is considered a 'priority'.  The country is urging foreign companies to invest more profits locally.  The Times reports upon how an oil economy is particularly adept at stifling political reform.  This month will reveal which oil majors will have won the chance to work in Iraq for a 'once-in-a-lifetime opportunity' to explore the country's fields.  Reuters has a ...

KYOTO, Japan -- May 19 2009 -- Kyocera Corporation (NYSE:KYO)(TOKYO:6971) announced today that it is supplying solar modules for the new Toyota Prius solar ventilation system, an optional feature for the hybrid car model introduced in Japan by Toyota Motor Corporation (hereafter "Toyota") on May 18.

In a previous post, I went over the first half of the G-20 statementwith my impressions of what it means.  Here is the second half.

Strengthening our global financial institutions

17. Emerging markets and developing countries, which have been the engine of recent world growth, are also now facing challenges which are adding to the current downturn in the global economy. It is imperative for global confidence and economic recovery that capital continues to flow to them. This will require a substantial strengthening of the international financial institutions, particularly the IMF. We have therefore agreed today to make available an additional $850 billion of resources through the global financial institutions to support growth in emerging market and developing countries by helping to finance counter-cyclical spending, bank recapitalization, infrastructure, trade finance, balance of payments support, debt rollover, and social support. To this end:

It is in the interest of the developed countries

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If you want a real look at what’s headed this way, ask Hideko Toyotomi.

When Japan’s so-called “Lost Decade” began with a bang in the early 1990s, she was an “OL” - an office lady - working in one of Japan’s mightiest corporations and she kept her job, despite the downturn.

She was one of the lucky ones. Her employer was a mainstay electronics producer and a key exporter, meaning the company’s business remained reasonably healthy.

This time around, she’s a housewife and mother. And she’s worried. Her husband, Masao, works at a local manufacturer that’s cut back production to only four days a week. He’s taken a part-time job, schlepping boxes overnight at the local convenience store, to make up for the reduced pay. Their son, Daiki, is headed for college - and for an uncertain future.

“I don’t know if I have the strength to go through this again,” she said.

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Despite what you might be hearing about a global recession, consumer capitalism is alive and well in China. And it’s still fueling growth. Take a stroll through Beijing’s trendy Wangfujing area, a quick walk south of Tiananmen Square or the six-story Shin Kong Place in Beijing’s Dawanglu area, and you’ll find more than 100 top international designer brands on sale, including Prada, Gucci, Bvlgari, Dolce & Gabbana, and others. While you’re on the prowl, don’t forget Xidan Market, which the locals prefer. It’s also bursting at the seams from countless stores, fashionable-clothing shops and, of course, the ubiquitous and ever-present Starbucks (SBUX). In contrast to other global markets, like the Ginza, Beverly Hills’ Rodeo Drive or London’s Oxford Street, for example, where a heavy silence hangs over the once-bustling ...

Private banks rethinking gold Sep 29 2008 12:15

http://www.fin24.com/articles/default/display_article.aspx?ArticleId=2401254

Kyoto - Private banks could be the next big buyers in the global gold market, helping drive prices higher as they consider restocking bullion bars that were sold off in calmer times, the top HSBC gold trader said on Monday.

Jeremy Charles, chairperson of the London Bullion Market Association and global head of precious metals trade at HSBC Bank, also said he expected central banks around the world to put the brakes on their plans to sell down gold reserves as they see other assets deteriorate, lending further support to prices.

“I think the institutional investors and private banks in particular will all be reconsidering their strategy. My belief is they are likely to want to own some gold again,” he said on the sidelines of the LBMA’s annual conference. The current generation of private

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November 4, 2008 – The global wind industry installed almost 20,000MW of new capacity in 2007, bringing the worldwide total to 93,864MW. The global wind market added 19,813MW from 2006 to 2007, a 26% increase. From an economic perspective the global wind market in 2007 was worth about $37 billion in equipment and it garnered about $50.2 billion of total investment. Top Five Countries in Terms of Installed Capacity in 2007 1.     Germany (22.3GW) – the Germany Wind Energy Association says that by 2020 the overall German onshore capacity could be at 45,000MW with an additional 10,000MW offshore; 2.     U.S. (16.8GW) – as of the Q3, 2008, the U.S. had 21GW installed capacity with another 8.3GW under construction, and the U.S. is expected to overtake Germany as the leading wind energy country by the end of 2009; 3.     Spain (15.1GW) – The Spanish Wind Energy Association estimates that 40,000MW of onshore ...

THE PRICE OF SPOT GOLD bounced 1.6% from an overnight low of $860 on Wednesday, steadying at $876 an ounce as Western stock markets ticked higher despite a raft of miserable Eurozone data. Crude oil rose back above $100 per barrel, while long-dated government bonds continued to rise in price, pushing yields still further below the rate of inflation. The Dollar slipped from two-week highs on the currency markets. "European economic woes should sustain the greenback's safe-haven appeal today," believes Manqoba Madinane at Standard Bank in Johannesburg , "despite downside correction warnings from technical momentum indicators, and this could impact precious metals. "Several other warnings of downside risk for precious metals have emerged," he adds, noting that CDX investment grade credit spreads have narrowed, "indicating receding financial market system risk." Tuesday saw inter-bank lending rates leap yet again, however, with the cost of raising ...