Winehouse’s career going up in smoke

London, May 24 (ANI): Family and friends have reportedly left Amy Winehouse alone on the paradise isle of St Lucia, for the singer is not being able to quit smoking.

Sources say that the singer’s well wishers have flown back to the UK after failing to stop her life plunging towards meltdown.

Winehouse’s manager and producer have also given up on her, according to sources.

“Everyone is very worried about where it’s all heading again,” the Daily Star quoted a source as saying.

The singer’s efforts to record a new album in a studio specially built at her villa have ground to a halt.

“Not only has her constant drinking resulted in erratic, moody and volatile behaviour, she’s physically not up to recording because of the amount of cigarettes she’s smoking which has taken its toll on her voice,” the source said.

“Now she’s left with no one and just her booze, fags, and an empty studio,” the source added. (ANI)

Conscientious, neurotic mates can improve one’s health

Washington, Apr 29 (ANI): Looking for a partner? Well, then go for a mate who is conscientious and, perhaps, also neurotic, suggests a new study.

Researchers report that having a conscientious partner may actually be good for one’s health.

This study is the first large-scale analysis of what the authors call the “compensatory conscientiousness effect,” the boost in health reported by those with conscientious spouses or romantic partners.

For the study, the researchers analysed adults over age 50, and found that women, but not men, get an added health benefit when paired with someone who is conscientious and neurotic.

“Highly conscientious people are more organized and responsible and tend to follow through with their obligations, to be more impulse controlled and to follow rules,” said University of Illinois psychology professor Brent Roberts, who led the study.

He added that highly neurotic people tend to be more moody and anxious, and to worry.

The researchers looked at the association of personality and self-reported health among more than 2,000 couples taking part in the Health and Retirement Study, a representative study of the U.S. population over age 50.

The study asked participants to rate their own levels of neuroticism and conscientiousness and to answer questions about the quality of their health.

Laos, the participants filled out a questionnaire that asked them whether or not a health problem limited their ability to engage in a range of activities such as jogging one block, climbing a flight of stairs, shopping, dressing or bathing.

The study reaffirmed previous findings that those who described themselves as highly conscientious reported better health and said they were more able to engage in a variety of physical activities than those who reported low conscientiousness.

However, for the first time, it was found that there was a significant, self-reported health benefit that accompanied marriage to a conscientious person, even among those who described themselves as highly conscientious.

“It appears that even if you are really highly conscientious, you can still benefit from a spouse’s conscientiousness. It makes sense that regardless of what your attributes are, if you have people in your social network that have resources, such as conscientiousness, that can always help,” said Roberts.

Surprisingly, the researchers found an added health benefit reported by women who were paired with highly conscientious men who were also highly neurotic.

The same benefit was not seen in men with highly conscientious and neurotic female partners.

Roberts said that while both men and women benefit from being paired with a conscientious mate, only the women saw a modest boost in their health from being with a man who was also neurotic.

“The effect here is not much larger than the effect of aspirin on cardiovascular health, which is a well-known small effect,” he said.

The study appears this month in Psychological Science. (ANI)

New Issue-Spain’s ICO sells 50 bln yen in Samurai bonds

TOKYO, April 17 (Reuters) – Spain’s Instituto de Credito
Oficial (ICO) [ICO.UL] sold 50 billion yen ($503.2 million) in
Samurai bonds in two tranches, lead manager Daiwa Securities SMBC
said on Friday.

Details are as follows:

1. Five-year fixed-rate bond:

Issue amount: 22.9 billion yen

Coupon: 1.67 percent

Issue price: par

Maturity date: April 23, 2014

Coupon payments: April 23, Oct. 23

Payment date: April 23, 2009

Lead managers: Daiwa Securities SMBC

Mitsubishi UFJ Securities

Mizuho Securities

Ratings: Aaa (Moody’s)

AA+ (S and P)

AAA (Fitch)

Spread: 60 basis points over yen swaps

2. Five-year floating-rate bond:

Issue amount: 27.1 billion yen

Coupon: 0.68 pct point above 3-month yen Libor

Issue price: par

Maturity date: April 23, 2014

Coupon payments: Jan. 23, April 23, July 23 and Oct. 23

Payment date: April 23, 2009

Lead managers: Daiwa Securities SMBC

Mitsubishi UFJ Securities

Mizuho Securities

Ratings: Aaa (Moody’s)

AA+ (S and P)

AAA (Fitch)

ICO, which is guaranteed by the Kingdom of Spain, provides
financial backing to small and medium-sized businesses.

Samurai bonds are yen bonds issued in Japan by non-Japanese
entities.
(Reporting by Naoyuki Katayama and Hiroyasu Hoshi: writing by
Rika Otsuka)

Australia’s AMP, CBA raise A$100 mln bonds-sources

For the latest Australia and New Zealand bond news, double
click on [AU/CRD] and then double click on the ID number)

SYDNEY, April 16 (Reuters) – Australia’s AMP Bank, a unit
of fund manager AMP Ltd (AMP.AX), and Commonwealth Bank of
Australia (CBA.AX) (CBA) have each sold A$100 million ($72
million) of three-year bonds backed by a government guarantee,
two market sources familiar with the terms said on Thursday.

The sources declined to be identified because they are not
authorised to speak to the media.

Australian banks have now raised more than A$74.5 billion
equivalent of funds, according to Deutsche Bank, under the
Australian government guarantee put in place in November last
year to help banks weather the crisis.

Most of the bonds were denominated in U.S. and Australian
dollars and are rated triple A by S and P and Moody’s.

Deal details are as follows:

Issuer: AMP Bank Ltd CBA

Facility: Guaranteed notes Guaranteed notes

Guarantor: Australia Australia

Amount issued: A$100 mln A$100 mln

Maturity: Apr 17 2012 Apr 17 2012

Set date: Apr 17 Apr 17

Coupon: +73bp/3mBBSW +53bp/3mBBSW

Lead(s): CBA CBA

Issue ratings: AAA/Aaa AAA/Aaa

Issuer ratings: A/A2 AA/Aa1

($1=1.380 Australian Dollar)
(Reporting by Cecile Lefort)

CORRECTED – CORRECTED-Macquarie Bank buys back $100.8 mln sub debt

(Corrects amount in headline and lead to $100.8 million, not
$160.8 million, and in paragraph 6 corrects amount of bond
outstanding)

SYDNEY, April 14 (Reuters) – Australia’s Macquarie Bank
(MQG.AX) has bought back $100.8 million of subordinated debt to
improve its Tier 1 capital ratio, a source familiar with the
offer said on Tuesday.

The bank paid investors 60 cents per dollar, which was at
the top end of the 50 to 60 cents initial range. It was still
well above the bonds’ trading range of 30-40 cents prior to the
buyback announcement.

Investors who sold their bonds back to Macquarie came from
Europe, Asia and Australia, the source said.

The source declined to be identified because he was not
authorised to speak publicly about the offer.

A Macquarie spokeswoman declined to comment.

The buyback leaves around $250 million of the lower Tier 2
sub debt bonds, initially sold in 2005, on issue. The bonds
mature in 2015 but are callable on Sept. 18, 2010.

These types of bonds are usually paid back at 100 at the
call date, and almost never reach maturity.

Investors are increasingly worried that some banks could be
tempted to roll over their debt, rather than pay it back at the
call date as is usual, leaving holders stuck with far longer
maturities than they initially thought.

Last week Deutsche Bank (DBKGn.DE) became the first bank to
roll over Australian dollar subordinated debt instead of paying
it back, following a similar move by the bank over a eurobond
issue.

In 2004, the bank sold A$350 million ($255.5 million) of
debt in Australia that would normally have been called last
week under a 10-year, callable in five, maturity structure.

But the bank opted to keep the debt on issue and pay a
small cost penalty rather than refinance it at current market
prices with a new subordinated issue.

Since the global credit crisis hit, debt costs have blown
out, forcing many borrowers to rethink their capital
strategies.

South Korea’s Woori Bank shocked investors in February when
it decided not to recall $400 million of sub debt.

Tier 1 and Tier 2 are forms of capital that banks are
required to maintain as a cushion to protect bank deposits.

Macquarie’s sub debt is rated A minus by S and P and A2 by
Moody’s. HSBC and Royal Bank of Scotland jointly arranged the
buyback.
($1=1.37 Australian Dollar)
(Reporting by Cecile Lefort; Editing by Jonathan Standing)

S.Korea’s IBK in 5-yr dollar bond sale -source

HONG KONG, April 15 (Reuters) – Industrial Bank of Korea (024110.KS) is looking to sell a benchmark-sized, 5-year dollar bond at a price of around mid-500 basis points (bps) over mid-swaps, a source close to the deal said on Wednesday.

The deal which is likely to be priced on Thursday during New York trading hours, will not feature a government guarantee since IBK, which specialises in lending to small and medium-sized enterprises, is already majority-owned by South Korea.

A benchmark deal is typically of at least $500 million, but sources had earlier told Reuters the South Korean lender could raise as much as $1 billion.

Barclays Capital, Citigroup (C.N), Merrill Lynch, and Morgan Stanley (MS.N) will be the lead managers for the sale.

IBK is rated A by Standard and Poor’s and A2 by Moody’s, or the sixth-highest investment-grade rating. The lender is rated one notch above that at A-plus by Fitch, but with a negative outlook. (Reporting by Rafael Nam; Editing by Jonathan Hopfner)

UDPATE 1-Rio sells $3.5 bln bond to 1,000 investors-IFR

SYDNEY, April 15 (Reuters) – Rio Tinto Finance (USA) Ltd,
an arm of mining giant Rio Tinto (RIO.AX) (RIO.L), on Tuesday
sold $3.5 billion of notes in two parts, said IFR, a Thomson
Reuters service.

The Rio offer received overwhelming demand with both
tranches of the deal pricing at the tight end of the
preliminary ranges, according to IFR.

Initial pricing indicated a yield of 9.25-9.375 percent for
the five-year tranche and 9.375-9.5 percent for the 10-year
tranche, IFR said.

Size of the order book ended up at $15 billion with around
1,000 investors, IFR said.

Deutsche Bank, JP Morgan and Morgan Stanley were the active
joint bookrunning managers, and RBS, Credit Suisse and Societe
Generale were the passive joint bookrunning managers for the
sale.

The notes, registered with the U.S. Securities Exchange
Commission, will help refinance a $40 billion credit facility
for the acquisition of Alcan, IFR said.

Deal details are as follows, according to IFR:

BORROWER: RIO TINTO FINANCE (USA) LIMITED* FIRST TRANCHE:
AMT $2.0 BLN COUPON 8.95 PCT MATURITY 5/1/2014 TYPE
NOTES ISS PRICE 98.805 FIRST PAY 11/1/2009 MOODY’S
Baa1 YIELD 9.25 PCT SETTLEMENT 4/17/2009 S and P TRIPLE-B

SPREAD 752 BPS/ PAY FREQ SEMI-ANNUAL FITCH BBB-PLUS
MORE THAN TREAS MAKE WHOLE CALL 50 BPS SECOND TRANCHE: AMT
$1.5 BLN COUPON 9.00 PCT MATURITY 5/1/2019 TYPE NOTES

ISS PRICE 97.586 FIRST PAY 11/1/2009 MOODY’S Baa1
YIELD 9.375 PCT SETTLEMENT 4/17/2009 S and P TRIPLE-B
SPREAD 658 BPS/ PAY FREQ SEMI-ANNUAL FITCH BBB-PLUS MORE
THAN TREAS MAKE WHOLE CALL 50 BPS * Guaranteed by Rio Tinto
Plc and Rio Tinto Ltd; COC PUT AT 101
(Reporting by Cecile Lefort)

S.Korea’s IBK selling 5-year dollar bonds-sources

HONG KONG, April 15 (Reuters) – Industrial Bank of Korea (024110.KS) is selling benchmark five-year dollar bonds, or typically meaning of at least $500 million, two sources familiar with the sale said on Wednesday.

IBK aimed to price the deal, which could raise as much as $1 billion, at around mid-500 basis points over midswaps, said one of the sources. No official guidance has been released, and the deal is expected to price by Thursday morning in New York hours.

The debt will not carry a government guarantee since IBK, which specialises in lending to small and medium-sized enterprises, is already majority owned by South Korea, the two sources said.

Both sources declined to be identified because they were not authorised to talk publicly about the sale.

Barclays Capital, Citigroup (C.N), Merrill Lynch, and Morgan Stanley will be the lead managers for the sale, the source said.

IBK follows on the footsteps of the South Korean government, which last week raised $3 billion in a two-tranche dollar bond deal, while others including Hana Bank and steelmaker POSCO (005490.KS) have also recently sold debt.

South Korea’s two other government-owned lenders, Korea Development Bank and Export-Import Bank of Korea, have already raised $2 billion each in overseas markets early this year.

South Korean issuers are expected to continue tapping global markets, driven by the need for dollars in a country that has about $194 billion in foreign debt falling due this year, compared with just over $200 billion in foreign reserves.

Banks in South Korea averted a cash crunch after the government made billions of dollars available to the sector and took other steps such as guaranteeing some types of overseas borrowing, although lenders are still encouraged to find their own foreign funding sources.

However, concerns about profitability remain. IBK’s profit last year declined 36 percent to 764.4 billion won ($579.3 million) from 2007.

IBK is rated A by Standard and Poor’s and A2 by Moody’s, or the sixth-highest investment-grade rating. The lender is rated one notch above that at A-plus by Fitch, but with a negative outlook. (Reporting by Rafael Nam; Editing by Chris Lewis)

Flower will have onerous task as full time England coach

London, Apr. 15 (ANI): Former Zimbabwe captain Andy Flower will have a task that will involve far more than simply selecting and organising players as England cricket’s full time coach.

According to The Independent, Flower will need to get the team to function as a single unified unit.

The England and Wales Cricket Board have been coy about the names and numbers on their final shortlist for the job and there has been some suggestion Flower was the only one to have a face-to-face interview with the panel, which included Hugh Morris, Dennis Amiss and Angus Fraser.

Yet even if there were 10 others, Flower’s integrity, experience of international cricket, strength of character and relative youth make him the ideal man.

Flower is a level-four coach (the job specifications were for level three or above), it will be his ability to get on with his captain and players that will ultimately decide whether he succeeds or fails, as Moores found to his cost.

Coaching is about relationships, not qualifications, which is presumably why management and communication skills were highlighted in the job description.

When Moores departed, the ECB employed recruitment consultants Odgers Ray and Berndtson to help them find the new coach. Flower and Tom Moody were the two most obvious candidates.

Flower’s appointment will be met with approval by most in English cricket. (ANI)

US ratings agency Moody’s to quit Taiwan

Taipei – Taiwan confirmed Friday that US ratings agency Moody’s plans to quit the country in order to focus on larger Asian markets, a move seen by some as a warning sign for the island. According to the Central News Agency (CNA), Moody’s – which has operated in Taipei for six years – has notified Taiwan’s Financial Supervisory Commission (FSC) of its plan to leave Taiwan by the end of June as part of its re-structuring in Asia.

FSC will approve Moody’s withdrawal after making sure that the interests of Moody’s local clients have been protected, CNA said.

The FSC told CNA that since Moody’s operation in Taiwan is small, its departure will have little impact on Taiwan’s credit ratings, but some experts said this should be a warning for Taiwan.

Liang Kuo-yuan, director of the Polaris Research Institute, warned that Moody’s withdrawal may dampen foreign investors’ interest in Taiwan.

“Taiwan should try to improve the transparency of its government and enterprises, amend outdated rules, promote its internationalization, so as to lure foreign funds,” CNA quoted him as saying.

“Taiwan needs to make a big effort. … if it wants to become an Asia-Pacific operations centre of financial centre,” he added.

Moody’s has about 160 employees working in its offices across Asia – China, Hong Kong, Taiwan, Singapore, Indonesia, India, South Korea and Australia.

Moody’s provides ratings on over 170,000 corporates government and structured finance securities.

Posh does a Becks, strips for Armani’s lingerie line

London, Jan 15 (ANI): Former Spice Girl Victoria Beckham has followed in the footsteps of her husband soccer ace David Beckham, by stripping off for a series of saucy Armani underwear ads.

Victoria has posed for moody black and white snaps promoting Giorgio Armani underwear, and her look in the advert is inspired by 1950s cinema.

According to sources, Victoria worked hard on her body for 6 months to get the preferred look in the ad campaign.

“She wanted to do something she could look back on in years to come and say, ‘I wasn’t looking bad for a 35-year-old mum of three,” the Sun quoted a source, as saying.

“She is really proud of the pictures and David loves them too,” the source added.

The pictures will be used in a worldwide Emporio Armani advertising campaign in the spring, along with a TV advert filmed at the same time.

“She is a stylish and intriguing woman,” Italian designer Giorgio Armani said. (ANI)

Danielle Bux’s less-than-glamorous cosmetic secret – braces!

London, January 11 (ANI): Model Danielle Bux has admitted that she was deliberately keeping herself from “smiling properly” – to hide her braces.

The ‘La Senza’ lingerie model, who recently returned from a romantic trip with retired football striker-fianc‚ Gary Lineker in Dubai, confessed that she was trying to keep the cameras from snapping her in the transparent tooth aligners.

“I’m wearing one of those weird Invisaline braces. I know it’s transparent but you can still see it up close – and I don’t want the cameras to pick it up,” the Daily Express quoted her as saying.

“That’s why I’m not smiling properly. I’ll be accused of looking moody and behaving like a diva or something, but it’s not that at all!”

“I’m still getting used to them, but I think it’ll be worth it in the end,” she added. (ANI)

Moody open to England cricket coach job

Sydney, Jan 9 (ANI): Western Australia’s coach Tom Moody has said that he has no contact yet with English cricket authorities about the vacant national coaching position, but admitted if a call did come, he would have to listen.

Moody’s name has risen to the top of the list of candidates to replace Peter Moores, who was sensationally dumped along with captain Kevin Pietersen just six months out from the Ashes, the Sydney Morning Herald reported.

His experience in England with Worcestershire, and his successful tenure in charge of Sri Lanka, has made Moody one of the most notable coaching names in world cricket, and has reportedly made him one of the main men the ECB want to talk to.

Returning to Perth after seeing WA flogged by Victoria in the Twenty20, Moody said he and his family were happy in Perth and he was relishing taking charge of the Warriors.

But he also pointedly refused to rule out the possibility of taking England into the Ashes later this year.

“I am aware of the speculation but that is about it. No (I have not had a call),” Moody said.

“I am very happy where I am, and am enjoying what I am doing. What we are seeing in the press is pure speculation, obviously there is a lot going on in English cricket in the last couple of days.

“I have had no formal approach and until I do I don’t need to really think or consider anything. It is flattering and I suppose the time I spent in England my name is always going to come up when jobs like this come up,” he said.

“You would look at anything, and in this day and age you are not going to turn your back at any opportunity. But clearly I am happy in Perth, my family is settled and I have a great job – I have got no reason to be looking further,” he added.

Former England skippers David Gower and Ian Botham, former coach David Lloyd and respected BBC cricket correspondent Jonathan Agnew, as well as several national newspapers, all mentioned Moody as a possible candidate.

Speaking to an English newspaper overnight, Moody denied that he had ruled the job out for the next three to five years. (ANI)