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Mar 22, 2011

South China Morning Post: Tour Gude to International Property

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Mainland prices drop as cooling measures bite
Non-stop policy measures aimed at curbing demand and price growth in the mainland property market have finally forced developers to cut asking prices at new residential projects...

American nightmare is an investor's dream
New York is a city where fortunes are made and lost - and not only on Wall Street. After Lehman Brothers crashed, the number of "short sales" - in which a home sells for less than the amount owned on a mortgage - rose alarmingly...

America learns that small homes can be beautiful, too
Just look at the Katrina Cottage, originally designed by architects Andres Duany and Marianne Cusato as a dignified alternative to the US Federal Emergency Management Administration (FEMA) trailer for flood-ravaged New Orleans...

Credit Suisse warns of 'value trap' for developers in second-tier cities
The conventional wisdom that developers are smart to build in second-tier mainland cities is wrong because many of these areas suffer from oversupply and low development margins, according to Credit Suisse.

Cities, property developers poised to build on speedy links
The ambitious high-speed rail rollout on the mainland promises to be a boon for property developers, CB Richard Ellis executive director Andrew Ness says.

China Vanke to invest in housing for elderly
China Vanke, the mainland's largest developer by market value, said it planned to invest in housing developments for the elderly in light of the country's ageing population.

Walter Kwok-invested fund buys site in Nanjing for model city
A US$10 billion real estate fund set up by Shimao Group, Taiwan's Farglory Group and former Sun Hung Kai Properties chairman Walter Kwok Ping-sheung, has bought a huge site in Nanjing for 4.472 billion yuan (HK$5.3 billion).

New residency rules could lure rich buyers, pushing up prices
Luxury homes in London may become more expensive if plans to relax residency rules for rich foreigners become law.

Quake adds to New Zealand's woes
New Zealand house prices recovered in February from the previous month, but were still down on a year ago as the weak economy and a devastating earthquake in the country's second-biggest city weighed on the market.

Financial And Forex Info | Real Long Term Rates

U.S. Department of the Treasury

Daily Treasury Real Long-Term Rates

Tuesday Mar 22, 2011, 4:40 PM
Treasury Long-Term Average Rate and Extrapolation Factors. Beginning February 18, 2002, Treasury ceased publication of the 30-year constant maturity series. Instead, from February 19, 2002 through May 28, 2004, Treasury published a Long-Term Average Rate, "LT>25," (not to be confused with the Long-Term Composite Rate, definitions below). In addition, Treasury published daily linear extrapolation factors that could be added to the Long-Term Average Rate to allow interested parties to compute an estimated 30-year rate. On June 1, 2004, Treasury discontinued the "LT>25" average due to a dearth of eligible bonds. In place of the "LT>25" average, Treasury published the Treasury 20-year Constant Maturity rate on this page along with an extrapolation factor that was added to the 20-year Constant Maturity to obtain an estimate for a theoretical 30-year rate. On February 9, 2006, Treasury reintroduced the 30-year constant maturity and is no longer publishing the extrapolation factor.
The Long-Term Average Rate, "LT>25," was the arithmetic average of the bid yields on all outstanding fixed-coupon securities (i.e., excluding Inflation-Indexed securities) with 25 years or more remaining to maturity. This series first appeared on February 19, 2002, following discontinuation of the 30-year Treasury constant maturity series. Subsequently, the "LT>25" average was discontinued on June 1, 2004.
Linear Extrapolation Factors were determined by considering the slope of the yield curve at it's long end and extrapolating out to a theoretical 30-year point. To use the Extrapolation Factor to determine a 30-year proxy rate, add the factor to the 20-year Constant Maturity Rate. For example, if on a particular day the 20-year Constant Maturity was 5.40% and the Extrapolation Factor was 0.02%, then a 30-year theoretical rate would have been 5.40% + 0.02% = 5.42%. Publishing of the Linear Extrapolation Factors was discontinued on February 9, 2006 with the reintroduction of the 30-year Constant Maturity Rate.
The Long-Term Composite Rate is the unweighted average of bid yields on all outstanding fixed-coupon bonds neither due nor callable in less than 10 years.
For more information regarding these statistics contact the Office of Debt Management by email at

NYT: Afternoon Business News: Nuclear Industry in Russia Sells Safety, Taught by Chernobyl


Nuclear Industry in Russia Sells Safety, Taught by Chernobyl

The Japanese nuclear calamity provides Russia's Rosatom with a new chance to stress its message: its reactors as safe, not despite Chernobyl but because of it.

Some Worry That Success of Apple Is Tied to Japan

Apple's difficulty in meeting demand for a product like the iPad 2 may get worse in the months to come, some analysts say, as critical components are delayed.

Japan's Lower Demand Eases Pressure on Oil Prices

Japan's oil demand has dropped by about a million barrels a day, but analysts warned the reduction was only temporary.

New York City Judge Rejects Google Books Settlement

A federal judge in New York City has rejected a deal between Google Inc. and lawyers for authors and publishers to let the search engine make money presiding over the world's largest digital library.

As AT&T Strikes a Big Deal, Verizon Looks Set to Stand Pat

With AT&T looking to again lay claim to being the nation's biggest cellphone carrier, will Verizon Wireless have to look for a deal to keep up? Not really.

Financial And Forex Info; The Australian Capital Circle: Nation marvels at LNP leadership coup

Capital Circle Newsletter

Nation marvels at LNP leadership coup
Tony Abbott's "people's revolt" gets underway today as the nation watches in amazement at Queensland's LNP leadership coup.

PM's diary: Julia Gillard is visiting a wind farm at Bungendore this morning. She will attend question time at 2pm.
Opposition's leader's day: Tony Abbott has been interviewed by Alan Jones this morning. He will speak at a carbon tax rally in Canberra before attending question time.
Science boffins gagged: On Monday, the Gillard Labor government put out the word to key scientific organisations asking for help. It wanted them to issue press releases calling for science to once again lead the climate debate. But the government isn't so happy with taxpayer-funded scientists sharing their expertise on the Japanese nuclear crisis. Capital Circle hears scientists from the CSIRO and nuclear agencies ANTSO and ARPANSA have been banned from saying what they know about the situation in Japan. We hear the problem may be contractual. But they want to share their expertise and are frustrated by what they see as inadequate information coming from Japan. We're told several are getting minute-by-minute core temperature readings from Fukushima reactors from contacts in Japan but are unable to release the information. It's a sad state of affairs from a party that came to government promising to unmuzzle the nation's scientific experts.
No surprises: When is a question without notice just that? Capital Circle was intrigued this week to see the Julia Gillard reading from what appeared to be a prepared statement in answer to a question from Tasmanian independent Andrew Wilkie. Agriculture Minister Tony Burke also appeared pretty well briefed yesterday for a curly question from independent Bob Katter. We asked the Prime Minister's office if it ever got a heads-up on independents' questions. The response: "Sometimes".
People's revolt: The ability of conservatives to stage a half-decent rally will be tested across the country today in a series of protests against Julia Gilard's carbon tax. Organisers say "Joo-LIAR" will feel the wrath of the people over her broken carbon tax promise. The Canberra rally, backed by 2GB broadcaster Chris Smith, is scheduled to get underway about noon on the front lawns of Parliament. Invo

Financial Anl And Forex Info | Kitco New York Market Close

New York Market Close Mar 22/11 05:20 PM EDT

ABC News | Australia Business News: Landlines restored after NSW floods

Landlines restored after NSW floods
Telstra says it has restored land-line phone services to 50,000 homes and businesses hit by severe flooding on the New South Wales south coast.

No enrichment or nuclear plant on my watch: Rann
Premier Mike Rann has used State Parliament to hose down the possibility of uranium enrichment or nuclear power plants in South Australia.

Mill opponent says Kelty 'out of line'
An opponent of Gunns Tamar Valley pulp mill wants the mediator of Tasmania's forest peace talks to step down from his role.

More Business Stories > 

RFinancial & Forex Info | The Australian Business Briefing: Barnett was warned of Oakajee risk

Update for Wed Mar 23,2011
Barnett was warned of Oakajee risk
Oakajee port Andrew Burrell MURCHISON Metals and Mitsubishi Development warned in January that their Oakajee port and rail approval date was "ambitious" .
Wall St wobbles as oil prices climb
Wall St UPDATED Jonathan Cheng US stocks pulled back today as investors paused after a three-day rally and worried about the risks from further gains in oil prices.
Deutsche Bank loses key court battle
Deutsche Bank Laura Stevens and David Crawford A COURT has ruled Deutsche Bank failed to properly advise a client of the risks of interest-rate swaps and had a "gross conflict of interest".
Turbulent times for new stockbrokers
Turbulent times Tim Boreham WHEN three mid-sized broking houses listed in a rush in late 2007, the bourse's more cynical exponents scoffed at the move.
Fortescue considers sharing capital costs
Fortescue Tracy Lee FORTESCUE Metals Group says it would consider partnering contractors to share capital costs of major mining and infrastructure projects.
Cloud over family trusts
treasure map Tim Blue IF you are enjoying the benefits of a family trust, make the most of it before the Taxation Commissioner changing the rules.
Seven claims Warburton took documents
James Warburton Sally Jackson SEVEN'S James Warburton took a box full of sensitive documents when he defected to the Ten Network, the NSW Supreme Court heard yesterday
Push to drive down airport parking fees
carpark Annabel Hepworth AIRPORTS may be required to build new multi-level carparks and make it easier for buses, taxis and hire cars to drop off and pick up.
Financial Markets
Wall St wobbles as oil prices climb
Wall St UPDATED Jonathan Cheng US stocks pulled back today as investors paused after a three-day rally and worried about the risks from further gains in oil prices.
Oil price highest since Japan quake
Gold climbs as silver at 31-year high
Financial Markets Coverage
Mining & Energy
Oil price highest since Japan quake
Oil Dan Strumpf OIL rose to its highest level since Japan's market-rattling earthquake struck, amid heavy fighting in Libya and tensions in the Middle East.
Gold climbs as silver at 31-year high
Leading green now backs nuclear power
More Mining & Energy Coverage

FInancial And forex Info | Reuters - Technology Report :

News opened its store for Google Android smartphone applications, ratcheting up its fight with Apple after the iPhone maker sued Amazon in a bid to stop the online retailer from improperly using its App Store trademark.

A New York court rejected a class action settlement hammered out between Google and publishers that would allow the Web search leader to scan millions of books and sell them online.

AT&T/T-Mobile USA’s ability to reach 95 percent of the population will mean a better wireless service for consumers, Business Insider’s Dan Frommer writes. Fewer phones, higher prices, and the year or two that it will take for customers to notice any appreciable improvement in network quality are reasons why the deal won't benefit anyone but AT&T and Deutsche Telekom, Gizmodo's Matt Buchanan opined.

RIM’s long-awaited tablet, the BlackBerry PlayBook, will go on sale through retailers and wireless carriers in the U.S. and Canada on April 19 at a base price of $499, matching the pricing for Apple’s iPad 2. But with no word on distribution plans outside North America, RIM will still be chasing Apple, one analyst said. Samsung said its base Galaxy 10.1 tablet will cost $499.

Apple CEO Steve Jobs was ordered by a federal judge to answer questions from plaintiffs' lawyers in a class-action lawsuit that claims Apple created a music-downloading monopoly with its iPod player and iTunes store.

Social network for professionals LinkedIn boasted 100 million users. But while many may have signed up to create an online resume, only a fraction continues to use the service even on an occasional basis, writes VentureBeat’s Sid Yadav.