Blue Coat Chief Scientist to Discuss Strategies for Commercializing IPv6 at IPv6 Global Summit

April 6, 2010 By Leave a Comment

SUNNYVALE, Calif.–(Business Wire)–
Blue Coat Systems, Inc. (Nasdaq: BCSI), the technology leader in Application
Delivery Networking, today announced that Blue Coat Chief Scientist Qing Li will
analyze the effectiveness of various mechanisms in enabling the seamless
transition between IPv4 and IPv6 applications at the Global IPv6 Summit in
Beijing on Wednesday, April 7. His session, “IPv6 Secure Proxy: An Effective
Instrument in Commercializing IPv6,” will feature scenarios that demonstrate how
an IPv6 secure proxy can be deployed to create new business opportunities and
help organizations gain operational efficiencies at lower cost.

“With the growth of IPv6 content and the commercial adoption of IPv6
infrastructures, it is imperative that organizations have a transition mechanism
in place,” said Li. “The seamless nature of an IPv6 proxy provides an ideal,
secure and non-disruptive migration mechanism for organizations that want to
move to IPv6 but must support IPv4 users and applications.”

In the Blue Coat IPv6 Secure Web Gateway solution, the Blue Coat® ProxySG®
appliance acts as an intelligent intermediary between requests and content,
making the retrieval of applications, services and data residing in IPv4 or IPv6
environments transparent to users in either environment. This ensures business
process continuity without the added complexity associated with address
translations, rewriting applications or upgrading the underlying network
infrastructure.

“IPv6 promises to increase business productivity and lower costs by enabling the
deployment of new business applications and services. However, many of the
popular transition mechanisms are either too complex or are ineffective at
transforming the application payload, and the IT expertise with IPv6 is too
limited to effectively realize the advantages,” Li continued. “The IPv6 proxy
solution provides a seamless platform for migration and an opportunity for IT
managers to learn how to best leverage IPv6 in their networks.”

About Blue Coat Systems

Blue Coat Systems is the technology leader in Application Delivery Networking.
Blue Coat offers an Application Delivery Network Infrastructure that provides
the visibility, acceleration and security required to optimize and secure the
flow of information to any user, on any network, anywhere. This application
intelligence enables enterprises to tightly align network investments with
business requirements, speed decision making and secure business applications
for long-term competitive advantage. For additional information, please visit
www.bluecoat.com.

FORWARD LOOKING STATEMENTS: The statements contained in this press release that
are not purely historical are forward-looking statements, including statements
regarding Blue Coat Systems` expectations, beliefs, intentions or strategies
regarding the future, and including statements regarding the capabilities and
expected performance of Blue Coat Systems` products. All forward-looking
statements included in this press release are based upon information available
to Blue Coat Systems as of the date hereof, and Blue Coat Systems assumes no
obligation to update any such forward-looking statements. Forward-looking
statements involve risks and uncertainties, which could cause actual results to
differ materially from those projected. These and other risks relating to Blue
Coat Systems` business are set forth in the Securities and Exchange Commission
reports filed by Blue Coat Systems, including but not limited to the risks
described in the most recent reports on Form 10-K and Form 10-Q, particularly
under the heading “Risk Factors.”

Blue Coat, ProxySG and the Blue Coat logo are registered trademarks or
trademarks of Blue Coat Systems, Inc. and/or its affiliates in the United States
and certain other countries. All other trademarks mentioned in this document are
the property of their respective owners.

Media Contacts:
Blue Coat Systems
Jennifer Arculeo, 408-541-3330
jennifer.arculeo@bluecoat.com
or
Merritt Group (for Blue Coat Systems)
Danielle Eccleston, 415-247-1662
eccleston@merrittgrp.com
or
Investor Contact:
Blue Coat Systems
Jane Underwood, 408-541-3015
jane.underwood@bluecoat.com

Copyright Business Wire 2010

Filed Under: International News Tagged With: , , , ,

LHC Group Completes Acquisition of Salem Hospital Home Care

April 6, 2010 By Leave a Comment

LAFAYETTE, La., April 5, 2010 (GLOBE NEWSWIRE) — LHC Group, Inc. (Nasdaq:LHCG),
one of the largest providers of home health services in the United States,
announced that on April 1, 2010, it completed its previously announced
acquisition of 100% of the assets of Salem Hospital Home Care located in Salem,
Oregon.

The primary service area of this acquisition spans six counties in Oregon. The
estimated population of the service area is 1 million, with almost 12% over the
age of 65. Net revenue for the Salem, Oregon agency during the most recent 12
months was approximately $5.5 million. This acquisition is not expected to add
materially to LHC Group’s earnings in 2010.

“Salem Health conducted extensive reviews of the quality of care and customer
service provided by potential buyers of our home care service,” said Cheryl
Nester Wolfe, chief nursing officer and a senior vice president of operations
for Salem Health. “LHC Group has provided high-quality care for its patients in
other areas of the country, which was a primary consideration in making this
agreement.”

Keith G. Myers, chief executive officer of LHC Group, said, “It is with great
pleasure that I welcome the employees from Salem Hospital Home Care into our
growing LHC Group family. We are proud to be part of Salem, Oregon, and the
surrounding communities. As always, our commitment is to help people in these
communities by providing the highest quality home health services available to
the patients and families in these areas.”

About LHC Group, Inc.

LHC Group, Inc. (www.LHCGroup.com) is one of the largest providers of home
health services in the United States, providing quality, cost-effective
healthcare services to patients within the comfort and privacy of their home or
place of residence. LHC Group provides a comprehensive array of post-acute
healthcare services through home health and hospice locations in its home-based
division and long-term acute care hospitals in its facility-based division.

Certain matters discussed in this press release constitute forward-looking
statements within the meaning of the Private Securities Litigation Reform Act of
1995, such as statements about the Company’s future financial performance and
the strength of the Company’s operations. Such forward-looking statements may be
identified by words such as “continue,” “expect,” and similar expressions.
Forward-looking statements involve a number of risks and uncertainties that may
cause actual results to differ materially from those expressed or implied by
such forward-looking statements, including changes in reimbursement, changes in
government regulations, changes in LHC Group’s relationships with referral
sources, increased competition for LHC Group’s services, increased competition
for joint venture and acquisition candidates, changes in the interpretation of
government regulations, and other risks set forth in Item 1A. Risk Factors in
LHC Group’s Annual Report on Form 10-K for the year ended December 31, 2009,
filed with the Securities and Exchange Commission. LHC Group undertakes no
obligation to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.

CONTACT: LHC Group
Eric Elliott, Vice President of Investor Relations
(337) 233-1307
eric.elliott@lhcgroup.com

Filed Under: International News Tagged With: , , ,

EastBridge Investment Group Announces Imminent 10K Filing

April 6, 2010 By Leave a Comment

PHOENIX, AZ, Apr 05 (MARKET WIRE) —
EastBridge Investment Group (EBIG) (OTCBB: EBIG) today announced that it
will file its audited fiscal year 2009 financial report (10K) with the
SEC by April 15, 2010, as allowed by the agency. Some extra time was
needed due to the auditor’s request to update and integrate the latest
developments in the Company.

Norm Klein, CFO/COO of EastBridge Investment Group Corp, commented, “We
want to thank our legal, accounting and auditing teams for the fabulous
work in translating, documenting and integrating many of our new company
developments. The new audited report will support our latest positive
announcements. Our shareholders will be particularly pleased to see our
cash situation significantly improved.”

EastBridge Investment Group focuses on high-growth companies in Asia,
offering IPOs, Joint Ventures and Merchant Banking services. The Company
targets industries in electronics, real estate, auto, metal, energy,
environmental, bioscience and food retail distribution.

To learn more about EastBridge Investment Group go to our web site:
www.EbigCorp.com.

To receive EBIG’s email alert, send a blank email to info@EbigCorp.com.

Tell A Friend about EastBridge, go to
www.EbigCorp.com/EBIG/Tell_A_Friend.html for details.

Forward-Looking Statements

Statements in this press release relating to plans, strategies, economic
performance and trends, projections of results of specific activities or
investments, and other statements that are not descriptions of historical
facts may be forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995, Section 27A of the Securities
Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
Forward-looking information is inherently subject to risks and
uncertainties, and actual results could differ materially from those
currently anticipated due to a number of factors, which include, but are
not limited to, risk factors inherent in doing business. Forward-looking
statements may be identified by terms such as “may,” “will,” “should,”
“could,” “expects,” “plans,” “intends,” “anticipates,” “believes,”
“estimates,” “predicts,” “forecasts,” “potential,” or “continue,” or
similar terms or the negative of these terms. Although we believe that
the expectations reflected in the forward-looking statements are
reasonable, we cannot guarantee future results, levels of activity,
performance or achievements. The Company has no obligation to update
these forward-looking statements.

Contact:
Norm Klein
EastBridge Investment Group Corp.
480-966-2020
480-966-0808 (fax)
Email Contact

Investor Relations:
Jack Eversull
The Eversull Group, Inc.
972-571-1624
Email Contact

Copyright 2010, Market Wire, All rights reserved.

Filed Under: International News Tagged With: , , , ,

South Korea shares post fresh 21-mth closing high

April 6, 2010 By Leave a Comment

SEOUL, April 5 (Reuters) – South Korea shares edged up 0.09 percent to a fresh 21-month closing high on Monday, as key exporters such as Samsung Electronics (005930.KS) extended gains on steady foreign buying, offsetting weakness in shipyard stocks.

The Korea Composite Stock Price Index (KOSPI) finished up 1.50 points at 1,724.99 points.

Foreign investors were buyers of a net 186 billion won ($165.2 million) worth of shares, picking up stocks for a 17th consecutive session, the longest buying streak since August, 2008. Domestic institutions were sellers of a net 292 billion won.

Shares in Samsung Electronics finished up 1.52 percent to 870,000 won, hitting a new historical closing high, while LG Display (034220.KS) advanced 2.21 percent.

“Foreign appetite towards Samsung Electronics shares will hold up steadily as the company is expected to post record high earnings for this quarter, and such earnings momentum is set to continue into second quarter. We see shares rising to 900,000 won without much difficulty,” said Hong Hyeon-ki, equity management head at Dongbu Securities.

The company is expected to release its earnings guidance tomorrow.

Samsung Electronics, the world’s biggest electronics firm by revenue, saw shares receive a further boost by news that Apple Inc’s (AAPL.O)’s iPad carries parts that it manufactures.

Shares of Hyundai Motor (005380.KS), South Korea’s top automaker, continued their rise following strong March sales and were up 1.95 percent to a new record closing high of 130,500 won.

NHN Corp (035420.KS) ended up 2.16 percent after South Korea’s top Internet portal and Web search service said on Monday it was considering buying Japanese Internet portal Livedoor Co. to strengthen its operations in Japan.[ID:nTOE63400J]

“Livedoor is a prominent blog service provider [in Japan] and its acquisition is expected to strengthen NHN’s positioning in Japan,” said Wayne Lee, an analyst at Woori Investment & Securities.

Meanwhile shipbuilders fell across the board, with Daewoo Shipbuilding & Marine Engineering (042660.KS) declining 4.07 percent and STX Offshore & Shipbuilding (067250.KS) down 5.95 percent.

“Shares in shipyards are under pressure as there are little signs of improvements in fundamentals, while raw material prices are seen going up,” said Joey Lee, an analyst at Shinhan Investment Corporation, adding that some order cancellations or delays were also expected this year.

Banks also retreated, led by Woori Finance Holdings (053000.KS), which lost 4.68 percent.

Construction and shipbuilding sectors’ continued sectoral difficulties pointed to banks’ exposure to the sectors and dampened sentiment towards the issues, analysts said. Decliners outnumbered advancers 540 to 274, with 53 issues ending flat.

Trading volume stood at 415.4 million shares worth 5.4 trillion won, compared with 343 million shares worth 6 trillion won in the previous session.

The KOSPI 200 June futures index KSc1 ended up 1.50 points at 228.55, and the KOSPI 200 spot index .KS200 rose 0.79 points at 227.48.

The junior Kosdaq market .KQ11 ended 1.91 percent lower to close at 505.13.

Move on day +0.09 percent

12-month high 1,731.00 5 APRIL 2010

12-month low 1,260.73 8 APRIL 2009

Change on yr +2.5 percent

All-time high 2,085.45 1 NOV 2007

All-time low 93.10 6 JAN 1981 (Reporting by Jungyoun Park; Editing by Vikram Subhedar)

Filed Under: International News Tagged With: , , , ,

Nikkei renews 18-mth closing high; Fast Retailing dives

April 6, 2010 By Leave a Comment

TOKYO, April 5 (Reuters) – Japan’s Nikkei average closed at an 18-month high for the third straight session on Monday, buoyed by strong U.S. jobs data that suggested economic recovery is taking deeper hold, though earlier gains were pared as investors locked in profits.

U.S. employers created jobs at the fastest pace in three years, news that pushed the yen to a seven-month low against the dollar and helped the Nikkei forge above a 38.2 percent retracement of its slide from a 2007 peak to its 2008 trough.

But Fast Retailing (9983.T) slid 10.6 percent, its biggest one-day loss since January 2007, after the company said its Uniqlo casual-clothing chain’s same-store sales slid 16 percent in March as cold weather hurt sales of spring clothing.

“Gains are being limited by a bit of profit-taking, based on the sense that the Nikkei may be a little overstretched and the fact that this long-awaited jobs news is finally behind us,” said Hiroaki Osakabe, fund manager at Chibagin Asset Management.

Technical indicators such as MACD as well as daily and weekly Ichimoku charts show the Nikkei is in an uptrend.

But the Nikkei’s relative strength index (RSI) has risen to 76, well above levels at which the market is considered overbought, and on daily charts it has broken through its upper Bollinger Band, a move that can signal a correction, albeit often slight.

The benchmark Nikkei .N225 hit the day’s high of 11,408.17 within minutes after the opening and pared gains steadily afterwards. It closed up 0.5 percent or 53.21 points at 11,339.30.

The broader Topix gained 0.6 percent to 995.68 after earlier rising as far as 996.97, its highest in 18 months.

But Nagayuki Yamagishi, investment strategist at Mitsubishi UFJ Securities, played down worries that the Nikkei’s rally was looking overstretched.

“As long as it rises along with gains in the five-day moving average, an extreme sense of overheating is unlikely to emerge,” said Yamagishi. The Nikkei has mostly moved above its five-day moving average since early March.

Yamagishi said the Nikkei may face resistance at 11,600, adding that trade just above that level has been relatively sparse in recent years.

If that level is breached, however, the Nikkei could set its sights on 12,000, Yamagishi said.

In terms of retracement levels, the next major level is the 50 percent retracement of the 2007 to 2008 sell-off near 12,650.

SHARP UP, FAST RETAILING TUMBLES

Investors were also reluctant to bid the Nikkei much higher amid market concern that the rise in private-sector hiring could prompt the Federal Reserve to raise the discount rate again on Monday when it holds a meeting, an issue that also gave the dollar some support. [ID:nN01126422]

On Feb. 18, the Fed surprised the market when it hiked the discount rate by a quarter point to 0.75 percent.

But other market players said they felt the chance of a major interest rate hike, while perhaps a bit more possible than before, still was unlikely to occur before late this year.

Sharp Corp (6753.T) rose 3.3 percent to 1,249 yen. It plans to start making advanced 3D displays this year that require no special glasses for cellphones and other mobile devices, betting demand for 3D images will grow beyond movie theatres and living rooms to portable machines. [ID:nTOE630063]

The Nikkei business daily also reported on Monday that Sharp plans to diversify into the electronic signboard business by offering 52- and 60-inch LCD panels that can be assembled into large displays at low cost.

Fast Retailing tumbled 10.6 percent to 14,920 yen and was the biggest decliner on the Nikkei 225.

The slide in March sales snapped a trend of generally robust growth since 2008 on the back of hit products like its “Heattech” line of basic garments made of heat-retaining fabric.

Softbank Corp (9984.T) shares fell 3.9 percent, the second-biggest loser among Nikkei 225 stocks, to 2,247 yen on news that Japan’s government planned to make it easier for mobile phone users to switch operators while keeping the same phone.

The move is expected to encourage some subscribers to switch to NTT DoCoMo (9437.T), which has the strongest coverage area, and hurt iPhone provider Softbank, whose network is not as strong. [ID:nTOE63401G]

NTT DoCoMo shares gained 0.8 percent to 144,200 yen.

Volume fell off, with 1.8 billion shares changing hands on the Tokyo exchange’s first section, below the 2 billion threshold that market players consider a sign of active trade.

Advancing shares outpaced declining ones by over 2 to 1. (Additional reporting by Masayuki Kitano; Editing by Chris Gallagher)

Filed Under: International News Tagged With: , , , ,

Nikkei hits 18-mth high after solid U.S. jobs data

April 5, 2010 By Leave a Comment

Japan’s Nikkei average hit a fresh 18-month high on Monday after U.S. employers created jobs in March at the fastest rate in three years, the strongest signal yet that the U.S. recovery is on a solid footing.

Helped by the yen’s post-jobs data dip to a seven-month low against the dollar, the Nikkei pushed above a 38.2 percent retracement of its slide from a 2007 peak to its 2008 trough, and hit a fresh 18-month high for the fifth straight session.

One share that bucked the trend was Fast Retailing, which slid 8.1 percent after the company said its Uniqlo casual-clothing chain’s same-store sales slid 16.4 percent in March from a year earlier, hit by unseasonably cold weather.

U.S. nonfarm payrolls rose 162,000 in March, the largest since March 2007, and only the third time payrolls have increased since the recession struck in late 2007.

The size of the payrolls increase was an optimal one for the equity market, said Nagayuki Yamagishi, investment strategist at Mitsubishi UFJ Securities.

“If the numbers had been too strong, they could have strengthened concerns about a possible rate rise, and if the numbers had been two weak that would not have been good either,” Yamagishi said.

“I think it also helped that the yen fell,” he added.

The Nikkei rose 0.6 percent to 11,349.54.

It climbed as high as 11,408.17, its highest since October 2008 and rose above the 38.2 percent retracement of its 2007 to 2008 slide for the second straight session.

The broader Topix index rose 0.7 percent to 995.90.

Technical indicators such as MACD as well as daily and weekly Ichimoku charts show the Nikkei is in an uptrend. But one reason to be cautious is that the Nikkei’s relative strength index (RSI) has risen to above 70, and has entered levels at which the market is considered overbought.

Yamagishi at Mitsubishi UFJ Securities said the Nikkei may face resistance at 11,600, adding that turnover just above that level has been relatively sparse in recent years.

If that level is breached, however, the Nikkei could set its sights on 12,000, Yamagishi said.

In terms of retracement levels the next major level is the 50 percent retracement of the 2007 to 2008 sell-off near 12,650.

NTT DoCoMo shares gained 1.3 percent to 144,900 yen after media reports said the government will call on mobile phone operators this year to remove restrictions on handsets that currently block use of different SIM cards.

The move will make it easier for consumers to switch phone operators, a risk for rival Softbank Corp due to its weak network and it’s status as sole provider of iPhone and could prompt customers to switch to NTT DoCoMo, which has a strong network.

Softbank shares fell 3.8 percent, the second-biggest percentage loser among Nikkei 225 stocks, to 2,250 yen.

Fast Retailing tumbled 9.3 percent to 15,140 yen and was the biggest percentage decliner on the Nikkei 225.

The dollar hit a seven-month high of 94.78 yen on trading platform EBS in early Asian trading on Monday.

It later trimmed its gains to stand at 94.36 yen , down 0.3 percent on the day.

That is still a weaker point for the yen than the 91.00 yen level against the dollar that many major manufacturers are assuming in their business plans for the new financial year that started this month, according to the Bank of Japan’s tankan survey.

(Editing by Joseph Radford)

(For more business news on Reuters Money visit http://www.reutersmoney.in)

Filed Under: International News Tagged With: , , , ,

Kaiser Aluminum Corporation Announces Filing of Shelf Registration Statement for…

April 3, 2010 By Leave a Comment

Kaiser Aluminum Corporation Announces Filing of Shelf Registration Statement for
VEBA Trust

FOOTHILL RANCH, Calif., April 2, 2010 (GLOBE NEWSWIRE) — Kaiser Aluminum
Corporation (Nasdaq:KALU) today announced the filing of a shelf registration
statement covering the possible sale from time to time by a voluntary employees’
beneficiary association (VEBA) trust of up to 4,392,265 shares of Kaiser
Aluminum’s common stock. The shares being registered were distributed by Kaiser
Aluminum to the VEBA trust when the Company emerged from chapter 11 bankruptcy
in July 2006. The filing of the registration statement by Kaiser Aluminum was
made in response to a demand by the VEBA trust under a registration rights
agreement entered into by Kaiser Aluminum and the VEBA trust in July 2006.

Pursuant to a stock transfer restriction agreement that Kaiser Aluminum entered
into with the trustee of the VEBA trust in July 2006, the VEBA trust may not
sell more than 1,321,485 shares of Kaiser Aluminum’s common stock in any
12-month period without consent of Kaiser Aluminum’s board of directors.
Currently, under these restrictions, the VEBA trust is limited to the sale of
868,285 shares prior to March 24, 2011.

The registration statement relating to these securities has been filed with the
Securities and Exchange Commission, but has not yet become effective. These
securities may not be sold nor may offers to buy be accepted prior to the time
the registration statement becomes effective. You may obtain a copy of the
prospectus included in the registration statement from the Securities and
Exchange Commission’s website at http://www.sec.gov. Alternatively, you may
obtain a copy of the prospectus included in the registration statement by
writing Kaiser Aluminum at the following address: Investor Relations Department,
Kaiser Aluminum Corporation, 27422 Portola Parkway, Suite 200, Foothill Ranch,
California, 92610-2831.

Kaiser Aluminum Corporation, headquartered in Foothill Ranch, Calif., is a
leading producer of semi-fabricated specialty aluminum products, serving
customers worldwide with highly-engineered solutions for aerospace and
high-strength, general engineering, and custom automotive and industrial
applications. The Company’s North American facilities produce value-added sheet,
plate, extrusions, forgings, rod, bar and tube products.

The Kaiser Aluminum Corporation logo is available at

http://www.globenewswire.com/newsroom/prs/?pkgid=6081

Certain statements in this press release may constitute “forward-looking
statements” within the meaning of the Private Securities Litigation Reform Act
of 1995. Forward-looking statements can be identified by the use of
forward-looking terminology such as “expects,” “may” or “will” or the negative
of the foregoing or other variations or comparable terminology, or by
discussions of strategy or intentions. These statements are based on the beliefs
and assumptions of Kaiser Aluminum’s management based on information available
to management at the time such statements are made. Readers are cautioned that
any such forward-looking statements are not guarantees of future performance or
events and involve significant risks and uncertainties, and that actual results
or events may vary materially from those in the forward-looking statements as a
result of various factors. These factors include (a) conditions in the capital
markets; (b) general economic and business conditions, including conditions in
the aerospace and other end markets Kaiser Aluminum serves; (c) changing prices
and market conditions; and (d) other factors summarized in Kaiser Aluminum’s
reports filed with the Securities and Exchange Commission, including Kaiser
Aluminum’s Annual Report on Form 10-K for the fiscal year ended December 31,
2009 and Current Report on Form 8-K filed with the Securities and Exchange
Commission on March 29, 2010. Kaiser Aluminum does not know when or in what
amounts the VEBA trust may sell shares of its common stock, and, subject to the
terms of the stock transfer restriction agreement described above, the VEBA
trust will act independently of Kaiser Aluminum in making decisions with respect
to the timing, manner and size of such sales. All information in this release is
as of the date of the release. Kaiser Aluminum undertakes no duty to update any
forward-looking statement to conform the statement to actual results or events
or changes in its expectations.

CONTACT: Kaiser Aluminum Corporation
Investor Relations Contact:
Melinda C. Ellsworth
(949) 614-1757

FD
Public Relations Contact:
Dave Quast
(646) 421-5341

Filed Under: International News Tagged With: , , , , , , , , , , , , , , , , , , , , , , ,

Expect range-bound Nifty, Volatility at higher levels: Hunny Tarika, FairWealth Securities

April 21, 2009 By Leave a Comment

Nifty showed increased volatility around 3430 -3450 which happens to be the 200 DMA of the market and closed below this at 3384. Increasing volatility at this level is obvious as Nifty has rallied almost 1000 points from 2540 to 3510.

A consolidation can be seen around levels of 3150-3400 before market makes new highs.

As mentioned in our previous reports Nifty is trading in an overbought zone and any correction in the near term is not ruled out. Nifty is in a intermediate uptrend until 2960 is not broken, so any correction at around 3150-3200 levels should be used as a buying opportunity by the short term traders as well as investors. The key focus should be the large caps as they will be the first one to initiate the upswing. Near term support for the market is at 3300 and then 3150.

Technical Analysis by Hunny Tarika (hunny.tarika@fairwealth.in), FAIRWEALTH SECURITIES PVT. LTD. Please check FairWealth Securities for more information.

All the information and opinions mentioned above are purely based on Technical Analysis.

Filed Under: International News Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

PRESS DIGEST – China – April 20

April 20, 2009 By Leave a Comment

BEIJING/SHANGHAI, April 20 (Reuters) – Chinese newspapers available in Beijing and Shanghai carried the following stories on Monday. Reuters has not checked the stories and does not vouch for their accuracy.

CHINA SECURITIES JOURNAL

– Yantian Port’s (000088.SZ) 2008 net profit fell 11.1 percent and it said sales were forecast to drop 16.2 percent this year due to a slump in international trade amid a deepening global financial crisis.

SECURITIES TIMES

– Wuhan Steel (600005.SS) said its first-half profit may slump more than 50 percent from a year earlier due to weak demand and asset write-offs. The steelmaker’s first-quarter net profit plunged nearly 90 percent while last year’s earnings fell 20 percent.

– Chinese property developer Gemdale Corp (600383.SS) posted a 34.1 percent rise in first-quarter profit and a 2.4 percent increase in annual profit last year, despite a sluggish real estate market.

– At the end of the first quarter, total loans outstanding at China Development Bank exceeded 3 trillion yuan ($439 billion) for the first time. More than 70 percent of new loans this year have gone to major infrastructure projects.

CHINA DAILY (www.chinadaily.com.cn)

– China has become a major victim of trade protectionism, Deputy Commerce Minister Yi Xiaozhun said as he called for joint moves against protectionism.

PEOPLE’S DAILY

– Provincial data in Q1 have provided a “positive indication” for China’s economy.

– Chinese Vice Premier Li Keqiang urged more efforts to develop new energy supplies to ensure the country’s energy security and to boost the economy.

Filed Under: International News Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Deutsche Bank realiza Co-location na bolsa de valores australiana

April 17, 2009 By Leave a Comment

NEW YORK–(Business Wire)–
O negócio de Autobahn Equity do Deutsche Bank, dentro da divisão de mercados
globais, anunciou hoje que vai participar no programa de serviços de Co-location
(compartilhamento de localização) da bolsa de valores australiana (ASX). No
programa, disponibilizado recentemente pela ASX, o Deutsche Bank vai instalar
equipamento de negociação eletrônica no data center da ASX em Sydney, Austrália.
Esta Co-location vai permitir oferecer dados em alta velocidade aos clientes e
minimizar a latência do mercado privado australiano.

“O acesso ao mercado direto na Austrália está ficando cada vez mais popular e a
Co-location vai atender clientes que procuram obter acesso rápido a este
atraente mercado”, disse Rob Flatley, diretor gerente e chefe global do Autobahn
Equity no Deutsche Bank.

O Deutsche Bank fornece negociação de alta frequência líder no setor e equity
finance (financiamento por capital próprio) para clientes em mais de 70 mercados
globais. Nos últimos dois anos, o Deutsche Bank foi classificado número 1 em
hedge funds (fundos de investimentos aplicados em diversos mercados ao mesmo
tempo) na pesquisa da Global Custodian sobre principais provedores de
corretagem.

Sobre a Deutsche Bank

O Deutsche Bank (NYSE: DB) é um banco líder de investimento global com uma forte
e lucrativa franquia de clientes privados. Líder na Alemanha e na Europa, o
banco cresce continuamente na América do Norte, Ásia e em principais mercados
emergentes. Com 80.456 funcionários em 72 países, o Deutsche Bank concorre para
ser o provedor global líder de soluções financeiras para clientes exigentes,
criando valor excepcional para seus acionistas e funcionários.

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PRESS DIGEST – China – April 16

April 17, 2009 By Leave a Comment

BEIJING/SHANGHAI, April 16 (Reuters) – Chinese newspapers available in Beijing and Shanghai carried the following stories on Thursday. Reuters has not checked the stories and does not vouch for their accuracy.

CHINA SECURITIES JOURNAL

– China has disbursed 19.8 billion yuan ($2.9 billion) to rural areas under its new health care reform plan to bring medical coverage to uninsured Chinese.

– China still lacks strong stimulus measures for final consumption, as recent bank lending has mainly flowed into the manufacturing sector, said Liu Shijin, deputy director of the State Council’s Development Research Center, a government think-tank.

– China’s three major carriers, Air China (601111.SS) (0753.HK), China Eastern (600115.SS) (0670.HK) and China Southern (600029.SS) (1055.HK), saw combined losses of more than 25 billion yuan in 2008, based on their published and expected results.

– China’s Tsinghua Tongfang Co Ltd (600100.SS) will spend 800 million yuan to build an LCD module facility, a company source said.

SHANGHAI SECURITIES NEWS

– A rebound in China’s property prices is expected to be short-lived due to lack of demand and support from the government, experts told an industry conference in Shanghai.

– Electricity consumption in some Chinese regions is recovering, indicating economies there have started to bottom out, according to a report from the National Development and Reform Commission.

SECURITIES TIMES

– Yunnan Copper Co Ltd (000878.SZ), China’s third-largest copper producer, reported a loss of 2.8 billion yuan in 2008 due to a slump in base metal prices. (Compiled by Beijing and Shanghai Newsrooms; Editing by Edmund Klamann)

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PRESS DIGEST – China – April 13

April 13, 2009 By Leave a Comment

BEIJING/SHANGHAI, April 13 (Reuters) – Chinese newspapers available in Beijing and Shanghai carried the following stories on Monday. Reuters has not checked the stories and does not vouch for their accuracy.

CHINA SECURITIES JOURNAL

– Fan Gang, a member of the central bank’s monetary policy advisory committee, said China’s economic adjustment would take at least two to three years, and the country’s economy was unlikely to bottom out soon.

– Ji Lin Ji En Nickel Industry Co Ltd (600432.SS) plans to raise about 1.1 billion yuan ($161 million) via a private placement to invest in mining projects overseas.

– Datang International Power Generation Co (0991.HK) (601991.SS), one of China’s five major power generators, has put a 1.439 percent stake in China Continent Property and Casualty Insurance Co up for sale on the China Beijing Equity Exchange at a price of 91.6 million yuan.

SHANGHAI SECURITIES NEWS

– Yi Gang, vice governor of the People’s Bank of China, said the country was not ready for full liberalisation of interest rates or foreign exchange rates, as the central bank shoulders most of the burden of exchange rate risk.

– Toyota Motor’s (7203.T) venture with China’s FAW Group rolled out its first locally made SUV, an RAV4, last Friday priced at 189,800 to 264,300 yuan, while its venture with Guangzhou Automobile plans local production of its Highlander SUV in May.

CHINA BUSINESS NEWS

– Jing Ulrich, Chairman of China equities at JPMorgan, expects China to resume initial public offerings soon, as the country’s economy has already touched bottom, and there is still a chance of interest rate cuts in the next six months. ($1=6.833 Yuan) (Compiled by Beijing and Shanghai Newsrooms; Editing by Edmund Klamann)

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Auto Credit May Bring Some Hope To The Wilting Auto Industry

February 12, 2009 By Leave a Comment

Auto Credit May Brings Some Hope To The Wilting Auto IndustryLast month federal government announced, in its budget, the formation of the Canadian Secured Credit Facility under which Ottawa will purchase up to $12 billion in securities from financial institutions including banks.

The securities would be supported by loans and leases on vehicles and equipment. This would enable the automakers to offer financing to more consumers and dealers.

This news comes as the much needed relief to the automobile industry scorched by recession. But they seem to be getting much too impatient to wait till June.

“We need it today,” Bigland, chief executive officer of Chrysler Canada Inc., said in an interview at the Canadian International Auto Show. “It’s critical oxygen that the patient needs.”

“We can’t wait six months,” he said.

North America has witnessed a major slowdown on automobile sales due to the rising fuel prices, a subsequent global financial crisis that brought the credit markets to a standstill and wilting consumer confidence.

Bigland observed that in a normal economic climate, about 5 per cent of customers can’t get credit to buy vehicles, but Chrysler dealers across the country have given proof showing that level has shot up to 20 to 25 per cent in the past four months.

“It’s the number one issue affecting our business and it’s getting worse,” he said.

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Vietnam market drops on first day after lunar New Year

February 3, 2009 By Leave a Comment

Vietnam market drops on first day after lunar New Year Hanoi – Vietnam’s stock market fell more than 5 per cent Monday on concerns about both international and domestic economic weakness.

The VN-Index closed down 5.69 points, or 1.87 percent, at 297.5, the lowest level since January 1.

“Traders are very reluctant to buy at this time, as global markets have not shown clear recovery signals,” said Phan Hong Quan, director of Eurocapital Securities in Hanoi.

Nearly half of the companies listed on the exchange reported losses or lower profits in the final quarter of 2008, he said.

Vietnam’s State Bank cut the benchmark interest rate
from 8.5 per cent to 7 per cent effective February 1, but that did not succeed in turning investor sentiment around.

“I decided to sell stocks today because with more and more companies reporting losses in the fourth quarter, traders have no choice but to cut their losses,” said Nguyen Thu Nga, a trader at FPT securities. “The VN-Index will slide to 280 points sooner or later this month.”

“I think the market will not show recovery signals at least after Q3,” Quan said.

Monday was the third day the index ended below 300 points since December, after passing the milestone on its way up in October 2005.

Vietnam’s stock market lost 65 percent of its value last year. It peaked at 1,174 points in March 2007. (dpa)

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Prosecutors want Madoff jailed for ”mailing $1m worth jewellery to family” from house arrest

January 7, 2009 By Leave a Comment

London, January 6 (ANI): Bernard Madoff, the prime accused of a 50 billion dollar investment fraud, should be sent behind bars immediately for mailing jewellery, estimated at 1 million dollars, to his family while under house arrest, US prosecutors have debated.

The Wall Street fund manager, the perpetrator of the biggest financial fraud in history, had been arrested and charged with securities fraud on December 11.

Madoff’s swindle was alleged to involve up to 50 billion dollars in cash and securities through Ponzi schemes, which involves paying abnormally high returns to investors out of the money paid in by subsequent investors, rather than from the profit from any real business, reports the Telegraph.

The 70-year-old was to remain on bail while the court examined if he had breached the terms of an asset-freeze order by sending away “very valuable” jewellery to his relatives.

The Wall Street Journal had reported that many wealthy investors from all over the world had fallen victim to the fraud including wealthiest woman in the world and heiress to the L’Oreal empire Liliane Bettencourt, Alicia Koplowitz, the Spanish billionaire and director Steven Spielberg. (ANI)

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Thai shares jump 6.39 per cent on energy sector optimism

January 5, 2009 By Leave a Comment

Bangkok – Thai shares jumped 6.39 per cent in value Monday as investors snapped up energy sector stocks, confident that oil prices will rise because of the crisis in the Middle East, brokers said.

The Stock Exchange of Thailand (SET) index ended at 478.69, up 28.73 points, or 6.39 per cent, on 17 billion baht (486 million dollars) in trade.

“Investors were buying up energy sector stocks on the expectation that oil prices will rise because of the Israel-Palestine clash,” said Phuwadol Larpudomsuk, an analyst at Asia Plus Securities. (dpa)

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Madoff memorabilia up for sale on ebay

January 5, 2009 By Leave a Comment

New York, Jan 5 (ANI): Duped employees and clients of fraud American financer Bernard Madoff are selling off the ‘Madoff memorabilia’ on the Internet, with a view to recovering their losses.

More than 100 items bearing the name or symbol of Bernard L. Madoff Investment Securities, given as a token of appreciation to the employees and clients, have been put on sale on eBay.

‘Emom1013’ is selling a pair of 20 dollars T-shirts given out at the 2006 company picnic at the Madoff family”s Long Island estate.

“The proceeds from this auction go directly to a family whose husband/father is facing being out of a job and health insurance thanks to good old Bernie,” the New York Post quoted the seller as writing on the website.

Other items include humidors, binoculars, beach towels, coolers, mousepads, shirts and jackets.

The most expensive doodads so far include a Madoff flashlight that sold for 387 dollars, and a fleece sweater that went for 455 dollars.

Madoff, the perpetrator of the biggest financial fraud in history, was arrested and charged with securities fraud on December 11. (ANI)

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