Friday, 30 November 2012
Dividend Yield
Equal to the indicated annual dividend rate per share divided by the security's price. For example, if the indicated dividend rate is $1.00 and the closing price is $50.00,$1 divided by $50.00 equals2%.
Dividend/Distribution Payable Date
The date set by the issuer on which the dividend/distribution will be paid.
Dollar Cost Averaging
Investing a fixed amount of dollars in a specific security at regular set intervals over a period of time. Dollar cost averaging results in a lower average cost per share, compared with purchasing aconstant number of shares atset intervals. The investor buys more shares when the price is low and buys fewer shares when the price is high.
Dow Jones Industrial Average (DJIA)
An average made up of 30 actively traded stocks. The DJIA is calculated by adding the prices of each ofthe 30 stocks and dividing by a divisor. The DJIA is one of the most widely quoted stock market averages in the media.
Downtick
A trade is on a downtick when the last trade occurred at a price lower than the previous one.
Japan unveils $11bn stimulus package
Japan's government has approved its second roundof stimulus in a little more than a month, as prime minister Yoshihiko Noda tries to pep up a flagging economy in the run-up to December's elections.
On Friday the cabinet announced that it would tap reserve funds to spendY880bn ($10.7bn) on a variety of measures, including rebuilding areas hit by the March 2011 earthquake, employment support and aid to cash-strapped small businesses. The plan is roughly double the size of a package announced in late October, which was also drawn mostly from reserves and aimed at reconstruction efforts.
The stimulus comes as Japan hovers on the brink of a technical recession, its fifth of the past 15 years, as manufacturers cut production amid a steady worsening in their sales and profit outlook. Falling exports were the main contributor to a 0.9 per cent contraction in gross domestic product between July and September, and economists are braced for another in the three months to December. Last week the government slashed its quarterly assessment of business sentiment in all 11 regions of the country -- the first clean sweep since February2009 -- blaming sluggish output and consumption.
Economic data released on Friday were a little more encouraging, showing an unexpected rise of 1.8 per cent in industrial production from September to October. Thenationwide consumer priceindex (excluding fresh food) was unchanged froma year ago, improving from five months of year-on-year declines to September.
However, with more job cuts expected in a manufacturing sector exposed to tepid demand in developed economies and an uncertain outlook in China, analysts expect renewed deflationary pressure on the world's third-largest economy.
"We are yet to see any lightout of this recession tunnel," said Takiji Okubo, principal at Japan Macro Advisors, a Tokyo consultancy.
The government fears that if the economy slips further, it could threaten plans to increase consumption tax from 2014. Provisions attached tothe legislation, passed in August, require the government to consider the overall economic situation before implementing any increase.
On Friday the cabinet announced that it would tap reserve funds to spendY880bn ($10.7bn) on a variety of measures, including rebuilding areas hit by the March 2011 earthquake, employment support and aid to cash-strapped small businesses. The plan is roughly double the size of a package announced in late October, which was also drawn mostly from reserves and aimed at reconstruction efforts.
The stimulus comes as Japan hovers on the brink of a technical recession, its fifth of the past 15 years, as manufacturers cut production amid a steady worsening in their sales and profit outlook. Falling exports were the main contributor to a 0.9 per cent contraction in gross domestic product between July and September, and economists are braced for another in the three months to December. Last week the government slashed its quarterly assessment of business sentiment in all 11 regions of the country -- the first clean sweep since February2009 -- blaming sluggish output and consumption.
Economic data released on Friday were a little more encouraging, showing an unexpected rise of 1.8 per cent in industrial production from September to October. Thenationwide consumer priceindex (excluding fresh food) was unchanged froma year ago, improving from five months of year-on-year declines to September.
However, with more job cuts expected in a manufacturing sector exposed to tepid demand in developed economies and an uncertain outlook in China, analysts expect renewed deflationary pressure on the world's third-largest economy.
"We are yet to see any lightout of this recession tunnel," said Takiji Okubo, principal at Japan Macro Advisors, a Tokyo consultancy.
The government fears that if the economy slips further, it could threaten plans to increase consumption tax from 2014. Provisions attached tothe legislation, passed in August, require the government to consider the overall economic situation before implementing any increase.
Australian Lynas starts up Malaysian plant
The company said in a statement that the first feed of rare earth concentrate had been fed into the kiln at the Lynas Advance Material Plant (LAMP) in Kuantan Malaysia.
The event follows controversy and delays due to strong opposition about possible health threats caused by pollution.
A Malaysian court recently dismissed anapplication by the Save Malaysia Stop Lynas group to blockLynas' operating licence, but the legal challenges are ongoing.
Lynas mines rare earths from the highly regarded Mt Weld in Western Australia, which are metallic elements used in products ranging from digital televisions, mp3 players and fluorescent light bulbs.
"This is a significant milestone for Lynas,"said Lynas executive chairman Nicholas Curtis.
"The operation of the LAMP is now a reality, and the LAMPwill provide real datathat will assure people that the LAMPis entirely safe for our local communities and theenvironment."
It is expected to take about two months before first sales of finished product and cash generation.
The event follows controversy and delays due to strong opposition about possible health threats caused by pollution.
A Malaysian court recently dismissed anapplication by the Save Malaysia Stop Lynas group to blockLynas' operating licence, but the legal challenges are ongoing.
Lynas mines rare earths from the highly regarded Mt Weld in Western Australia, which are metallic elements used in products ranging from digital televisions, mp3 players and fluorescent light bulbs.
"This is a significant milestone for Lynas,"said Lynas executive chairman Nicholas Curtis.
"The operation of the LAMP is now a reality, and the LAMPwill provide real datathat will assure people that the LAMPis entirely safe for our local communities and theenvironment."
It is expected to take about two months before first sales of finished product and cash generation.
Hard times in Eurozone uneployment high
The eurozone's unemployment rate hit a new record high in October,while consumer price rises slowed sharply.
The jobless rate in the recessionary euro area rose to 11.7%. Inflation fell from 2.5% to 2.2% in November.
The data came as European Central Bank president Mario Draghi warned the euro would not emerge from its crisis until the second half of next year.
Government spending cuts would continue to hurt growth in the short-term, Mr Draghi said.
The unemployment rate continued its steady rise , reaching 11.7% in October, up from 11.6% the month before and 10.4% a year ago.
A further 173,000 were out of work across the single currency area, bringing the total to 18.7 million.
The respective fortunes of northern and southern Europe diverged further. InSpain, the jobless rate rose to 26.2% from 25.8% the previous month, and in Italyit rose to 11.1% from 10.8%.
In contrast, unemployment in Germany held steady at 5.4% of the labour force, while in Austria it fell from 4.4% to just 4.3%.
Spending hit
Data earlier this month showed that the eurozone had returned to a shallow recession in the three months to September, shrinking 0.1% during the quarter, following a 0.2% contraction the previous quarter.
The less competitive southern European economies, such as Spain and Italy, where governments have had to push through hefty spending cuts to get their borrowing under control, have been in recession for over a year. But growth in Germany and France came in at a disappointing 0.2%.
More recent data suggests that both core eurozone economies have continued to skirt recession during the autumn.
Retail sales in Germany shrank 2.8% in October versus the previous month, down 0.8% from a year earlier, according to data released on Friday. Analystshad expected the country to record unchanged or moderately growing sales.
Meanwhile, separate data showed consumer spendingin France shrank 0.2% in October versus the previousmonth, with spending on cars and other durable goods hardest hit.
Contraction 'inevitable'
The sharp slowdown in the eurozone's consumer price index , to 2.2% in November, is also symptomatic of the weakness of spending.
However, the inflation data may also open the door to further measures by the ECBto boost the economy, as theindex fell much closer to the central bank's 2% targetrate.
"We have not yet emerged from the crisis," said Mr Draghi, speaking on pan-European radio. "The recovery of the eurozone will certainly begin in the second half of 2013.
"It's true that the budgetaryconsolidation entails a short-term contraction of economic activity, but this budgetary consolidation is inevitable."
Despite Mr Draghi's warning, and the generally poor state of the eurozone economy, markets have begun to take a far more sanguine view of the single currency's future.
Italy's implicit cost of borrowing in the financial markets has fallen to its lowest level in two years, dropping to an implied interest rate of about 4.5% for 10-year debt.
Spain is able to borrow frommarkets at a 10-year rate of about 5.5% - far below the 7%-8% rate being demanded over the summer.
Mr Draghi conceded that the announcement of the ECB's willingness to buy up potentially unlimited amounts of government debt had boosted market confidence, even though noeurozone government had actually taken up the ECB's offer yet.
The jobless rate in the recessionary euro area rose to 11.7%. Inflation fell from 2.5% to 2.2% in November.
The data came as European Central Bank president Mario Draghi warned the euro would not emerge from its crisis until the second half of next year.
Government spending cuts would continue to hurt growth in the short-term, Mr Draghi said.
The unemployment rate continued its steady rise , reaching 11.7% in October, up from 11.6% the month before and 10.4% a year ago.
A further 173,000 were out of work across the single currency area, bringing the total to 18.7 million.
The respective fortunes of northern and southern Europe diverged further. InSpain, the jobless rate rose to 26.2% from 25.8% the previous month, and in Italyit rose to 11.1% from 10.8%.
In contrast, unemployment in Germany held steady at 5.4% of the labour force, while in Austria it fell from 4.4% to just 4.3%.
Spending hit
Data earlier this month showed that the eurozone had returned to a shallow recession in the three months to September, shrinking 0.1% during the quarter, following a 0.2% contraction the previous quarter.
The less competitive southern European economies, such as Spain and Italy, where governments have had to push through hefty spending cuts to get their borrowing under control, have been in recession for over a year. But growth in Germany and France came in at a disappointing 0.2%.
More recent data suggests that both core eurozone economies have continued to skirt recession during the autumn.
Retail sales in Germany shrank 2.8% in October versus the previous month, down 0.8% from a year earlier, according to data released on Friday. Analystshad expected the country to record unchanged or moderately growing sales.
Meanwhile, separate data showed consumer spendingin France shrank 0.2% in October versus the previousmonth, with spending on cars and other durable goods hardest hit.
Contraction 'inevitable'
The sharp slowdown in the eurozone's consumer price index , to 2.2% in November, is also symptomatic of the weakness of spending.
However, the inflation data may also open the door to further measures by the ECBto boost the economy, as theindex fell much closer to the central bank's 2% targetrate.
"We have not yet emerged from the crisis," said Mr Draghi, speaking on pan-European radio. "The recovery of the eurozone will certainly begin in the second half of 2013.
"It's true that the budgetaryconsolidation entails a short-term contraction of economic activity, but this budgetary consolidation is inevitable."
Despite Mr Draghi's warning, and the generally poor state of the eurozone economy, markets have begun to take a far more sanguine view of the single currency's future.
Italy's implicit cost of borrowing in the financial markets has fallen to its lowest level in two years, dropping to an implied interest rate of about 4.5% for 10-year debt.
Spain is able to borrow frommarkets at a 10-year rate of about 5.5% - far below the 7%-8% rate being demanded over the summer.
Mr Draghi conceded that the announcement of the ECB's willingness to buy up potentially unlimited amounts of government debt had boosted market confidence, even though noeurozone government had actually taken up the ECB's offer yet.
Thursday, 29 November 2012
List of leading hotel in kenya
Kenya hotels can be grouped as either vacation hotels, town hotels, resorts, lodges or country hotels. Each category has a rating system which is determined by the establishment's facilities and the rates. Gamelodges and private campsites are popular among tourists on Kenya safaris , with campsites offering budget rates for backpackers.
During the high tourist season (July to October, mid-December to early-January) it is advisable to book in advance as the best hotels in Kenya usually fill up fast. Check out our top Kenya hotels HOTEL INTER-CONTINENTAL NAIROBI
Hotel Inter-Continental Nairobi is located two minutes walk from the city centreand adjacent to Uhuru Park and Parliament gardens and the Kenyatta International Conference Centre. This 440 room hotel is extremely popular with business traveller and was recently renovated. Secure multi-storey car park and casino available.
Contact:
Hotel Inter-Continental
City Hall Way
P.O. Box 30353
Nairobi.
Telephone 335550
Fax 337854 / 214617 / 210675
SAFARI PARK HOTEL & CASINO
Set on a sprawing 64 acres of beautifully landscaped gardens, the Safari Park Hotel and Casino, Nairobi Kenya is a luxurious business and Pleasure resortwith 204 rooms of spacious, elegant. 5 star accommodation. Seven executive restaurants offer a large variety of internationalcuisine from African, Japanese nd Indian to French, Chinese and ltialian.
The Hotel's vast entertainment and leisure options include the Club Sting Piano Bar and a discotheque, the nightly abaret show by Safari dancers, a plush fitness club, three outdoor tennis courts. two squash courts, a world class casino and the largest swimming pool in Africa.
Contact:
Safari Park Hotel & Casino
Kasarani off Thika Road.
P.O. Box 45038
Nairobi, Kenya
Telephone 802493. 222846.
Town Office Kimathi House.
Telephone; 21 6070
Fax 802477
GRAND REGENCY HOTEL
The Grand Regency Hotel isan elegant ultra modern luxury atrium Hotel oil a prime site overlooking Central Park and only 20 minutes from the airport.
The hotel has:
*. 300 air-conditioned rooms and suites
*. Multi-channel satellite TV 124-hr room service
*. In-house laundry, dry cleaning and valet service
*. smoke-detectors and water sprinklers
*. Shopping Arcade
*. Reuters
*. Serviced business centre 'Parking for 200 vehicles
*. Several restaurants, terraces and cocktail lounges
*. Fully equipped fitness centre
*. Heated covered all-weather swimming pool
*. Cabaret
*. A large conference/Ballroom, pairsseveral meeting and pre-function rooms.
Contact:
Grand Regency Hotel
P.O. Box 57549
Nairobi.
Telephone 21 1 199
Fax 217120
FIG TREE HOTEL LIMITED Quiet Hotel, 1 kilometre from the city centre - along Ngara/Muranga Roads. The Hotel has 45 self contained rooms with shower and telephone. The Hotel has well stocked bar, restaurant with both Africans and continental dishes. It has also ample parking area.
Reservations:
Fig Tree Hotel Limited
P.O. Box 31938
Nairobi
Telephone 743677, 744207,742148
Fax: 254 - 2 - 751436
HOTEL GRETON
The Hotel Greton is a first-class hotel situated in the heart of the city. It. offers 52rooms with telephones shower with hot water and self control music. It is between casino and Odeon cinemas and it is also next toEmbassy cinema. Hotel Greton has reasonable rates and considers special discounts for children up to 2 years.
Contact:
P.O. Box 55909
Nairobi, Kenya
Telephone 336648, 331865
JACARANDA HOTEL
Peaceful garden hotel in thefashionable suburb, 12 minutes drive from the city centre. Large swimming pool, garden bar excellent food, and 130 furnished rooms with bath and phone.In our opinion Jacaranda offers excellent value and isan ideal combination with a Safari, Hertz and UTC Safari centre.
Contact:
Nairobi Jacaranda Hotel
Westland Road
Jacaranda Building
P.O. Box 47557
Nairobi
Tel 335807
Fax 543810
Telex 22146
HOTEL ESPERIA is quiet andcomfortable Hotel away from the noisy city centre and YET in the City - It has self contained rooms and YET very fair rates.
Contact:
P.O. Box 14642
Nairobi
Tel. 74281 8
MAYFAIR COURT HOTEL
Mayfair Court Hotel is only seven minutes drive from the city centre. It is at this site the original Mayfair Hotel which was opened in 1949. In the eighties the Hotel building was used by the US International University which was movedto another site in 1 990. Conservation corporation of East Africa has returned this magnificent Hotel to its former glory. The Hotel offering 4-star service and accommodation. The facilities include:- 2 swimming pools, a conference centre for up to 30 people, a special terrace bar called "Mischief", casino of high standard etc.
Reservations:
Mayfair Court Hotel
P.O. Box 74957
Nairobi, Kenya
Telephone 746707/8/9 748258 748278 740920
Fax 748823
Tlx 25182
WINDSO KE A4/A5
During the high tourist season (July to October, mid-December to early-January) it is advisable to book in advance as the best hotels in Kenya usually fill up fast. Check out our top Kenya hotels HOTEL INTER-CONTINENTAL NAIROBI
Hotel Inter-Continental Nairobi is located two minutes walk from the city centreand adjacent to Uhuru Park and Parliament gardens and the Kenyatta International Conference Centre. This 440 room hotel is extremely popular with business traveller and was recently renovated. Secure multi-storey car park and casino available.
Contact:
Hotel Inter-Continental
City Hall Way
P.O. Box 30353
Nairobi.
Telephone 335550
Fax 337854 / 214617 / 210675
SAFARI PARK HOTEL & CASINO
Set on a sprawing 64 acres of beautifully landscaped gardens, the Safari Park Hotel and Casino, Nairobi Kenya is a luxurious business and Pleasure resortwith 204 rooms of spacious, elegant. 5 star accommodation. Seven executive restaurants offer a large variety of internationalcuisine from African, Japanese nd Indian to French, Chinese and ltialian.
The Hotel's vast entertainment and leisure options include the Club Sting Piano Bar and a discotheque, the nightly abaret show by Safari dancers, a plush fitness club, three outdoor tennis courts. two squash courts, a world class casino and the largest swimming pool in Africa.
Contact:
Safari Park Hotel & Casino
Kasarani off Thika Road.
P.O. Box 45038
Nairobi, Kenya
Telephone 802493. 222846.
Town Office Kimathi House.
Telephone; 21 6070
Fax 802477
GRAND REGENCY HOTEL
The Grand Regency Hotel isan elegant ultra modern luxury atrium Hotel oil a prime site overlooking Central Park and only 20 minutes from the airport.
The hotel has:
*. 300 air-conditioned rooms and suites
*. Multi-channel satellite TV 124-hr room service
*. In-house laundry, dry cleaning and valet service
*. smoke-detectors and water sprinklers
*. Shopping Arcade
*. Reuters
*. Serviced business centre 'Parking for 200 vehicles
*. Several restaurants, terraces and cocktail lounges
*. Fully equipped fitness centre
*. Heated covered all-weather swimming pool
*. Cabaret
*. A large conference/Ballroom, pairsseveral meeting and pre-function rooms.
Contact:
Grand Regency Hotel
P.O. Box 57549
Nairobi.
Telephone 21 1 199
Fax 217120
FIG TREE HOTEL LIMITED Quiet Hotel, 1 kilometre from the city centre - along Ngara/Muranga Roads. The Hotel has 45 self contained rooms with shower and telephone. The Hotel has well stocked bar, restaurant with both Africans and continental dishes. It has also ample parking area.
Reservations:
Fig Tree Hotel Limited
P.O. Box 31938
Nairobi
Telephone 743677, 744207,742148
Fax: 254 - 2 - 751436
HOTEL GRETON
The Hotel Greton is a first-class hotel situated in the heart of the city. It. offers 52rooms with telephones shower with hot water and self control music. It is between casino and Odeon cinemas and it is also next toEmbassy cinema. Hotel Greton has reasonable rates and considers special discounts for children up to 2 years.
Contact:
P.O. Box 55909
Nairobi, Kenya
Telephone 336648, 331865
JACARANDA HOTEL
Peaceful garden hotel in thefashionable suburb, 12 minutes drive from the city centre. Large swimming pool, garden bar excellent food, and 130 furnished rooms with bath and phone.In our opinion Jacaranda offers excellent value and isan ideal combination with a Safari, Hertz and UTC Safari centre.
Contact:
Nairobi Jacaranda Hotel
Westland Road
Jacaranda Building
P.O. Box 47557
Nairobi
Tel 335807
Fax 543810
Telex 22146
HOTEL ESPERIA is quiet andcomfortable Hotel away from the noisy city centre and YET in the City - It has self contained rooms and YET very fair rates.
Contact:
P.O. Box 14642
Nairobi
Tel. 74281 8
MAYFAIR COURT HOTEL
Mayfair Court Hotel is only seven minutes drive from the city centre. It is at this site the original Mayfair Hotel which was opened in 1949. In the eighties the Hotel building was used by the US International University which was movedto another site in 1 990. Conservation corporation of East Africa has returned this magnificent Hotel to its former glory. The Hotel offering 4-star service and accommodation. The facilities include:- 2 swimming pools, a conference centre for up to 30 people, a special terrace bar called "Mischief", casino of high standard etc.
Reservations:
Mayfair Court Hotel
P.O. Box 74957
Nairobi, Kenya
Telephone 746707/8/9 748258 748278 740920
Fax 748823
Tlx 25182
WINDSO KE A4/A5
World Bank gives Gaza a grant to Improve Water, Services
The $6.4 million World Bank grant in one of the most crowded areas where there’s a “critical deterioration of the Gaza water system” will be augmented by $11.1 million in financing from the Islamic Development Bank , the Washington, D.C.-based organization said in a statement.
“We are concerned aboutthe lack of clean water supply and the deterioration in the quality of water resourcesin the Gaza Strip, one of the most densely populated areas on Earth,” World Bank West Bank and Gaza director Mariam Sherman said. The population of Gaza is 1.6 million.
Gaza’s groundwater is over-utilized, badly contaminated and ‘‘the over-drafting of the sole aquifer is causing a decline of the groundwater table and a deterioration of water quality,’’ the World Bank said. ‘‘Most sewage is returned to lagoons, wadis and the sea. The area is now choked with untreated sewage, threatening Palestinian health and life as well as remaining water resources and the environment.’’
The funds will help construct water tanks to collect and blend water from different sources to improve the quality and efficiency of Gaza water and wastewater and to connect major well fields supplying Gaza’s middle and southern areas, it said. Water distribution networks will also be upgraded.
“We are concerned aboutthe lack of clean water supply and the deterioration in the quality of water resourcesin the Gaza Strip, one of the most densely populated areas on Earth,” World Bank West Bank and Gaza director Mariam Sherman said. The population of Gaza is 1.6 million.
Gaza’s groundwater is over-utilized, badly contaminated and ‘‘the over-drafting of the sole aquifer is causing a decline of the groundwater table and a deterioration of water quality,’’ the World Bank said. ‘‘Most sewage is returned to lagoons, wadis and the sea. The area is now choked with untreated sewage, threatening Palestinian health and life as well as remaining water resources and the environment.’’
The funds will help construct water tanks to collect and blend water from different sources to improve the quality and efficiency of Gaza water and wastewater and to connect major well fields supplying Gaza’s middle and southern areas, it said. Water distribution networks will also be upgraded.
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