Bobo Chan

Bobo Chan, the heroine of Edison Chen's sex photo scandal, shoots herself in a pretty manner in hope of returning to the stage.

China set to trim steel output

China is ready for a breakdown with global miners in this year's iron ore price talks and would rather reduce steel output if supplies are disrupted, a senior industry group official said.

The country would not make concessions in the negotiations and continue to hold out for a cut of 40 to 45 percent in annual contract prices, said Shan Shanghua, secretary general of the China Iron and Steel Association.

Anglo-Australian miner Rio Tinto last month agreed with Japanese and South Korean mills on a 33-percent price cut. But a discount of that scale would not allow Chinese steel mills to make money as prices have slumped.

Japan shouldn't be taken as a representative for Asia in the price talks as its imports only account for one sixth of China's, Shan said in remarks published in the China Securities Journal yesterday, adding that the Japanese could accept such cut as many of them hold interests in Australian mines.

"It's impossible that China will allow (ore) miners to maintain high profit while its own mills are losing money," Shan said. Mills negotiate prices annually with the world's top three ore suppliers which also include Brazil's Vale and Australia's BHP Billiton.

Shan said that in case the negotiations collapse, China could turn to spot purchases as there is an oversupply in the ore market, and in a worst-case scenario, it would rather cut steel output if supplies are affected.

Still, China seems to be increasingly isolated, with more term deals being reached.

Brazilian miner Vale on Wednesday said it agreed with Nippon Steel Corp and South Korea's POSCO to a 28-percent cut for its benchmark fine ores. And industry reports yesterday said Japan's No. 2 mill, JFE Steel Corp, has also settled prices with BHP, agreeing to the same cut as that reached with Rio. Rio and BHP won bigger price increase last year than Vale in recognition of the lower freight cost to Asia for Australian ore.

Another senior CISA official earlier said talks could end before the end of this month, which set prices for the fiscal year starting April 1.

HK earmarks HK$300mln to boost creative industries

The Hong Kong Special Administrative Region (HKSAR) government has approved an initiative worth 300 million HK dollars to support creative industry projects not covered by existing programs, Eddy Chan, commissioner for innovation and technology, said here on Wednesday.

"This will provide broader and more comprehensive financial support for the development of creative industries in Hong Kong," Chan said at the opening ceremony of the "Reinventing with Design 2009 Conference", which aimed to improve the competitiveness and sustainability of businesses in the Pearl River Delta region.

The commissioner said the government has always supported the development of design and innovation in Hong Kong, noting that the government launched the 250-million-HK- dollar "DesignSmart Initiative" in 2004 and recently set up a new office to coordinate efforts and resources in this regard.

"With a dedicated office, the government believes that it can more effectively respond to industries' demands and better serve the trade through this one-stop-shop service," he added.

Chan also expressed his confidence that the efforts and investments would yield a sizable dividend.

US reform will secure Chinese investment

A sweeping plan for financial regulation unveiled late last night (Beijing time) by US President Barack Obama will offer better protection to China's investments in that country, Chinese experts said Wednesday.

"Only when the US financial markets start to stabilize can the safety of China's investment be secured, " Zhao Xijun, a professor at Renmin University of China, told China Daily.

Guo Tianyong, a professor at Central University of Finance and Economics, agreed.

"Financial stability is one of the necessary pre-conditions to restore China's confidence in its US investments," he said, referring to the government's $2 trillion foreign reserve, mostly held in dollar-denominated assets.

Under Obama's proposals, the US Federal Reserve has greater power to monitor risks that threaten the entire financial system - which is similar to the role performed by China's central bank, Zhao said.

"Despite the differences between the US and China in financial regulatory mechanisms, the Fed will function like the People's Bank of China (PBOC) in controlling systemic risk," he said. The PBOC, apart from managing monetary policy, also plays a key role in controlling systemic risk. The country also has three regulatory bodies for banking, securities and insurance industries.

The Obama administration has been discussing for six months how best to tighten bank and market regulation in response to the financial crisis.

Under the proposals:

An independent consumer financial products watchdog agency will be established, and financial firms be required to hold more capital so they can better survive tough times.

More transparency and accountability will be mandated for exotic financial markets that in recent years expanded far beyond the government's ability to keep track of them.

The government will be empowered to seize and unwind large, troubled companies that are not banks, modeling the process on the Federal Deposit Insurance Corp's existing power to unwind failing banks.

Markets for securitized debt and over-the-counter derivatives will be reined in, and there will be more regulation of money market mutual funds, credit rating agencies and hedge funds.

Changes to corporate governance will give shareholders more power to restrain executive compensation.

Months of debate in the US Congress lie ahead.

Committees of both the Senate and the House of Representatives have scheduled more than a dozen hearings on regulatory reform between now and mid-July.

"The US will have a systematic-financial-stability regulator. But we are not going to have a unified regulatory body like in Japan or the United Kingdom. We are going to be more like China, which has different regulators, but their role will be more clarified," David Loevinger, the Treasury's newly-appointed executive secretary told China Daily Wednesday.

The US Treasury official stressed that the September G20 meeting will also be "an important part" of the Obama administration's financial reform.

"The G20 is a going to be a very important body going forward. Whatever we do in the US to strengthen our financial regulation and supervision

"We know we have to work with China and other critical partners to strengthen financial supervision," said Loevinger, who is also the senior coordinator for China affairs and the China-US Strategic and Economic Dialogue.

"We are seeing some risk stability and recovery in the US financial market, and risk premium is coming down. Financial markets are rising, and banks are beginning to lend to each other, and this are optimistic."

Yi Xianrong, an economist with the China Academy of Social Sciences, said: "The cumulative risk in the US requires financial regulation to be more dynamic, rather than static, which means it has to be sound enough to monitor the entire financial system. Letting the Fed play a bigger role in financial regulation is a move in the right direction."

But Sun Lijian, a professor at Fudan University in Shanghai, said the country should not rush in to copy US reforms.

"The US reform plan aims to fine-tune its financial sector and set financial innovation on a more sustainable and healthy development track," he said.

"In China, where financial innovation is still in its infancy, we must make sure that regulations are not too strict to stifle the vitality of the financial system."

China, Russia sign five-point joint statement

China and Russia Wednesday signed a five-point statement on bilateral relations and mutual cooperation.
Chinese President Hu Jintao (L) shakes hands with his Russian counterpart Dmitry Medvedev during the celebration for the 60th anniversary of the establishment of the diplomatic relations between China and Russia in Moscow, capital of Russia, June 17, 2009. [Rao Aimin/Xinhua]

Chinese President Hu Jintao attended the Shanghai Cooperation Organization (SCO) summit and the meeting of BRIC (Brazil, Russia, India and China) in Yekaterinburg in central Russia on June 15 and June 16. He arrived in Moscow Tuesday for a three-day state visit.

China-Russia strategic partnership of cooperation

Hu, who is on a state visit to Russia, discussed the current situation and prospect of the Sino-Russian strategic partnership of cooperation with his Russian counterpart Dmitry Medvedev. The two leaders held in-depth exchange of views on major international and regional issues and reached broad consensus.

The two sides are satisfied with the development of the Sino-Russian relations in the past year.

China and Russia thoroughly completed the boundary demarcation work between them in 2008, and ratified the Action Plan to Implement the China-Russia Treaty of Friendship, Good-Neighborliness and Cooperation (2009-2012).

The two countries have launched energy negotiations at Vice-Premier level and signed an inter-governmental agreement on cooperation in the field of crude oil.

The two leaders stressed that mutual supports on issues related to their core interests are an important part of the Sino-Russian strategic partnership of cooperation.

The Russian side reiterated that Taiwan and Tibet are inalienable parts of the Chinese territory. Russia will not change its stand on the issues concerning Taiwan and Tibet and will support the peaceful development of the cross-Straits relations and China's peaceful reunification.

The two sides emphasized that mutual supports on issues of sovereignty and territorial integrity are of vital importance. The Chinese side backed Russia's efforts in maintaining peace and stability in the region of Caucasus.

Forex Ambush 2.0 System - Is Forex Ambush 2.0 Actually Effective?

Forex Ambush 2.0 is an FX signal provider, which means that it won't execute trades automatically, but will send you signals via sms or email, so you can place the trades yourself. This system is the ideal choice for all those people who want control over their trading and don't want to leave everything in the hands of a software.

Here are some of the advantages of using this service:

• Their trading signal service has a 100% winning rate and absolutely no losses.
• It's not based on statistical analysis alone, but it also uses advanced artificial intelligence.
• This system produces returns in excess of 1.600% monthly.
• This tool can work worldwide. The only thing you need to have is a forex account.
• You don't have to be an experienced trader, the messages will tell you exactly what to do.
• It has the ability to adapt to any market condition.
• All the members receive the signals immediately via email or sms, so that they will be able to take advantage of any opportunity to make a profit.
• This expert advisor can trade all the major currency pairs like the Euro, the Pound, the Australian Dollar, the Swiss Frank and the Canadian Dollar.
• They provide live trading results in real money accounts.
• This is not some poorly written eBook that just weakly guides you. It's a powerful tool that tells you exactly when to trade, which currency to buy and when it's time to sell and exit the market.

FOREX Ambush 2.0 is an amazing artificial intelligence engine that took 3 years and $2.000.000 to develop.

Daily Forex Plus

Strategies partnered with the basic educational learning about foreign exchange will sustain your business in the fx market. And you can learn all these through online or offline, if you don't have enough time to stay connected. Just acquire some important but complete professional forex cds to keep you going with your progress. Also, joining web seminars with pros is also very helpful. But the way to consistently earning with your investment spared is employing daily forex plus strategy, the short term buying and/or selling strategy.

It doesn't matter if you will be earning small time in the daily forex plus as long as it is consistent and has small risks posed also. It may be small because you are to trade for 10 to 20 pips per trade, but if you trade it all you want per day, you will end up with 80 to 160 pips a day. That's actually big if summed in a monthly basis unlike the long term that gets you trading for as much as 100-200 pips per month only. And the risks in trading daily are relatively small as you can do the trades within minutes and seconds. Currency is expected to fluctuate in small amounts so there is no loss at all.

Starting to earn in meager amount is not an issue with forex, all is about patience. In time, an average trader can take home as much as he/she wants. And if properly and efficiently backed with the proper tools, traders can even do the trading automatically!

Join Us at ForexExpo Malaysia June 12-13‏

FOREX.com is participating at Malaysia ForexExpo, in Kuala Lumpur on June 12-13, 2009.

This 2-day event is FREE to attend. At the event, FOREX.com will be giving away complimentary subscriptions to Learn to Trade Forex, an interactive educational online training course.

We invite you to attend this event and to visit us at the Kuala Lumpur Convention Centre, booth M10.

Come preview our various trading platforms and tools. Our representatives will be happy to meet with you and answer any questions you may have.

Forex trading carries a high level of risk and may not be suitable for all investors. Increasing leverage increases risk. Before deciding to trade forex, you should carefully consider your financial objectives, level of experience and risk appetite.

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Program Review - Jason Tan's Only in Malaysia Mah

Not much is known about the people behind this so called made in Malaysia online money making program. The program’s mini site purportedly reported that it is being run by an ordinary Malaysian Chinese that goes by the name of Jason Tan living somewhere in a posh condo in Damansara Perdana, Petaling Jaya. I’m not quite sure when actually this program surfaced here in Malaysia but based from reports that I had received, it is somewhere in the early of 2007.

A lot of people have been asking for my review on this program but with very little input, I would try my best to accommodate their requests. Apparently, a lot of people here in Malaysia are curious about the program. They do have genuine interests but hesitates upon fearing that this program might be just another online scam. In my capacity as the Principal of Sahabatul Ventures, I am not at the liberty nor authorized to say which program is genuine or otherwise. However, I would try to help out nonetheless by analyzing this program with the help of my years of experience in tinkering with various online money making programs.

Ok now, let’s take a look at what we know about this program other than the program’s initiator, Mr Jason Tan. He began with his claim that he has consistently making up to Malaysian Ringgit $38,000 per month on a less than 2 hours of work done on a week! Quite extraordinary! He also claims that he had received an ordinary looking email on the 8th of August 2006 that changed his life forever. So basically his success story starts there. He also claims that he made Malaysian Ringgit $1,000 on his very first week on trying out his secret money making formula. As like any other money making gurus, he did showed off screenshots of his savings and PayPal accounts complete with all that nice daily deposits of cash. He was so successful at it that he made the decision to quit his 9 to 5 job within a month!

After reading Jason Tan’s mini site from top to bottom, I do think that I knew a little bit about his secret formula. As he had said, his program got nothing to do with MLM, foreign currency exchange or any one of those PTR (Paid-to-Read) programs. Since he said that his program runs on autopilot, requires zero start-up capital and made use of Google AdWords; I immediately knew what this is all about. Jason Tan is making money through affiliate programs and no doubt he is relying upon ready made tools provided by online retailers of digital products such as Clickbank! In another word, his money making program is quite similar with Chris Carpenter’s Google Cash highly successful online money making formula. The similarities are there and I would bet my last dollar that it is more or less the same!

My gut feeling told me that Jason Tan is not talking nonsense here. I have faith that this is not a scam; at least 80% of me said so. He has invested a considerable amount of money to setup his mini site, fully equipped with AffiliateMonster’s affiliate software module. He really meant business here! His program is surprisingly well organized for someone who only made money online in less than a year. I do believe that he is not running this program all by himself. I am sure that he has a well oiled team to look into this program from A to Z and that should gave anyone some level of confidence in his online money making program. Apart from sharing his formula, he also gives away a few noteworthy bonuses as well. You would have lifetime subscriptions to his eBooks, starting with a few that would help you launch your online money making mission. Jason Tan is also giving out 60 hours of free consultations and he tops it all by giving out a free fully optimized website ready for immediate use!

Even though Jason Tan has done well in his preparations to go public with this program, I do have reservations about his experience. Making money online requires experience to survive and experts such as Michael Cheney, Joel Comm and Chris Carpenter knew this all too well. Hence, I’m giving Jason Tan’s Only in Malaysia Mah! online money making program a 4 stars rating mainly for his incredible value for money. He is currently willing to part with his secret formula for an incredible low price of Malaysian Ringgit $90.00. Let’s say roughly that US Dollar $1.00 equals to Malaysian Ringgit $3.50. That would mean he is selling his formula for only US Dollar $26.00! That is insanely low! Similar formulas found in the market today would normally cost more than US Dollar $50.00!

I would highly recommend Jason Tan’s Only in Malaysia Mah! program for every Malaysians. Having a fellow countryman as your mentor might come in handy in the near future. Setting up actual meetings and group discussions among members of this program with their mentor Jason Tan is more than possible and that is a big advantage!

Saidul A Shaari is the principal and founder of Sahabatul Ventures, specializing in helping aspiring home based entrepreneurs establish and setup their online businesses cost effectively. An enterprising business individual who turn half ideas into real money making opportunities.

Article Source: http://EzineArticles.com/?expert=Saidul_A_Shaari

Macro Trader and Market Volatility

As we have seen over the last few years most people lose a lot of money when the market becomes volatile. In fact market volatility is one of the worst things for the value of stocks and bonds. When uncertainty is high people get scared and run for the hills. When investors run for the hills prices go down as investors sell and go to cash.

Contrary to most of the advertisements you will see from different mutual fund companies not a single regular equity fund made money in 2008. In fact not one in the world. That sounds like hype but it is the truth. The overall market was down over fifty percent and the funds went down with it.

So did anyone make money? Yes, there were two categories of traders that made money. Short sellers and the global macro traders. Short sellers lose money in bull markets and make it in bears. Global macro traders on the other hand are able to make money in any type of market in any asset class.

Macro traders are able to profit from uncertainty because they are able to trade several different asset classes both long and short. In fact by using options they can even make money on neutral trades. The macro trader is the most flexible type of trader out there trading stocks, bonds, commodities, and currencies in any country. This flexibility forces the investor to be very strict on risk management and stay very flexible in their investment philosophy. Global macro has been proven time and time again to be the superior trading style.

Credits:

The Macro Trader helps people profit and navigate the global financial markets using Global Macro Trader strategies.
The Macro Trader a global macro trading and research newsletter.

Article Source: http://EzineArticles.com/?expert=David_Taggart