China Financial Daily

October 25, 2008

Iceland Crisis

Filed under: Financial News — Tags: , — Nancy @ 7:18 am -0700

IMF provide Iceland 2.1 billion U.S. dollars for emergency loans
International Monetary Fund (IMF) 24th announced that Iceland will be provided a two-year total of 2.1 billion U.S. dollars of emergency loans to help the latter deal with the current financial crisis.

Icelandic Ambassador in China: the experience of China through the crisis
Yesterday, the Ambassador of Iceland, in a Mr.Gongnaersong nearly one-hour interview, he has always maintained an optimistic and positive attitude to the plight of Iceland.

With devaluation of the currency Iceland became a shopping paradise
Iceland recently, a small Nordic country, was in trouble. In the past two weeks, Iceland’s biggest three banks have declared bankrupt. Iceland stock market slumped, and the substantial depreciation of the currency crown. But it let Iceland unexpectedly become a shopping paradise.

Icelanders online denounced British Prime Minister Tony Brown 
Xinhua Stockholm on October on 24th: according to Reykjavik, Iceland on 24th launched a petition on-line activities, which criticized British Prime Minister Brown as its “members of terrorist organizations” treatment.

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October 15, 2008

Funds Under Financial Turbulences

Filed under: Financial News — Tags: , , , , — kinpoo @ 2:08 am -0700

Wang Rui of the Morningstar in China: through the changes in the position to see the strategy of the Fund
Fund performance has always been with the fund’s stock position closely related, and position control of stocks on the fund’s statement has been, since the market has been down, the focus of attention of investors. Morningstar fund researcher Wang Rui viewed, when the relative positions are in the same context, the allocation of funds have relatively more flexibility.

【Finance】Financial crisis led to the emergence of the United States Fund for a large number of redemption
According to the Xinhua News Agency on October 15: according to the latest statistics, with the growing financial crisis, the early investors in the United States from mutual funds drew up a large number of redemption of funds. Statistics show that in the first two weeks of October, investors in mutual funds bought the redemption of up to the amount of 55,800,000,000 U.S. dollars.

Relying on the policy as eastern wind, “stingy person” was played on epilation, and the fund builded up the “dividend” brand
On October 8th, the company’s Golden Eagle Golden Eagle’s Fund dividend officially issued. But the League of Nations security management’s Dresdner fund shortly before the dividend is also available for sale, and in May this year which has just formed, natural rich dividends this year will increase by at least 3 dividend fund.

Private equity insider rumors and the top-secret of exchange in internal operations (with stocks)
“The Wall Street Journal” reported that China’s sovereign wealth fund once again faced with the embarrassment of a loss of investment: its investment of about 50 billion U.S. dollars in U.S. money market funds appeared a result of a loss position and a freeze on redemption. China Investment Co. Ltd., a management confirmed that the company had indeedly invested.

Iceland is still considering whether to apply for loans of the International Monetary Fund Iceland said today that Iceland has not yet decided whether to become, since 1976, the first one which apply for loans from the International Monetary Fund (IMF) for help tide over the financial plight of the Western European countries.

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October 11, 2008

Financial Crisis in Iceland; Iceland Situation

Filed under: Financial News — Tags: , , , — Nancy @ 9:45 pm -0700

The Public ask President of Iceland Central Bank to resign
Because three top banks are facing bankruptcy in Iceland and taken over by the Government, the public of Iceland demonstrate and protest the failure of government financial policies and request the president of Iceland Central Bank to resign on October 10, 2008.

Iceland owed 35 billion Pounds to the World; British Prime Minister order to freeze the assets of Iceland
According to the British “Daily Mail” reported that British Prime Minister Brown announced to carry out diplomatic war against Iceland on Oct.9. He raised criticism on Iceland refused to return several billions pounds which was deposited in Iceland bankruptcy banks by UK investors.

Overseas Assets being frozen frequently, Government busy to deal with it!
Germany and the British Government on Oct.9 took measures to temporarily freeze the assets of Iceland major banks in respective branches of national institution, so as to protect the interests of the depositors of their own countries.

Chinese Local News:

“Expo” laid the growing footstone of Shanghai Local Shares
From the stock operation, the local shares in Shanghai are worthy of being concerned when the market is fluctuating, as the Shanghai Expo lay the increasing footstone for local shares in Shanghai.

Metersbonwe strive to build brands in the world garment industry
Non-regular way of Metersbonwe modern style fully accord with the life characteristics of young people. From the foundation, the company always upholds the honest and faithful management so they win the heart of customers, and attract the attention from all walks of life.

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