India's Nifty Fifty Index was up Monday on optimism over the swearing in of new Prime Minister Narendra Modi,63,who is seen as business-friendly.On Tuesday,Mr.Modi will have bilateral meetings with foreign leaders who are attending the ceremony,most notably with Pakistani Prime Minister Nawaz Sharif,whose presence at the event is unprecedented.Relations between the neighbouring countries have traditionally been tense.*
The MSCI Asia-Pacific index rose 0.29% in early Monday trading.US markets are closed for Memorial Day,which is considered the first of the summer holidays.Shanghai copper gained on declining stockpiles of the metal.*
Thailand's military coup received the approval of King Bhumibol.The army will name an interim premier today.At least hundreds of protestors demonstrated against the regime in the streets of Bangkok.*
In sport,Australia's Adam Scott won the Crowne Plaza Invitational at The Colonial in Fort Worth,Texas.The World Number One shot a nine under par 66 and beat American Jason Dufner in a playoff.He is the first person to win the Texas grand slam-all four PGA tournaments played in Texas.Scott is playing in The Memorial Tournament in Dublin,Ohio this week.
At the Formula One Monaco Grand Prix,AMG Petronas Mercedes continued its sweep of the series as teammates Nico Rosberg of Germany and Great Britain's Lewis Hamilton took first and second,respectively.Red Bull Racing's Daniel Ricciardo of Australia won the third spot in the royal box,while his teammate,the reigning World Champion Sebastian Vettel,retired with mechanical problems.
Showing posts with label Adam Scott. Show all posts
Showing posts with label Adam Scott. Show all posts
Monday, May 26, 2014
Monday, December 2, 2013
China Manufacturing Grows;McIlroy Thwarts Scott
Both government and private purchasing manager surveys show Chinese manufacturers did somewhat better than expected in November.The official PMI reached 51.4,versus a median estimate of 51.1.A number above 50 signifies growth in the sector.
The private HSBC/Markit Economics PMI came in at 50.8,which is more than all thirteen analysts surveyed predicted.
This positive result was tempered by the fact that large companies drove the uptick;small ones didn't do so well.The HSBC survey also revealed a contraction in employment and slower restocking.A Bloomberg News survey of economists in November showed that most of them felt China's growth would slow to 7.5% in 2014,which meets the governments's goal,but would be down from 7.6% this year.*
China announced that it would allow the restart of initial public offerings.This drove the Shanghai Composite Index down,for fear the that the IPOs would siphon funds from the rest of the market.Asian stocks were mixed overall in early Monday trading,with the Nikkei down 0.4%,while the Hang Seng rose 0.44%.*
Northern Ireland's Rory McIlroy prevented Australian Adam Scott from sweeping all three Australian majors on Sunday as he took the Emirates Australian Open with his eighteen under par 66.It was the former World Number One's only win of the 2013 season;he was ranked sixth this year behind leader Tiger Woods.Scott had won the Australian PGA Championship and the Australian Masters the past few weeks;but a lackluster fourth round opened the door to McIlroy,whose game has been sharpening recently,after a mediocre season in which he had scored six top ten finishes,but no victories.*
I wanted to get a win by the end of the season,McIlroy said,but more satisfying was to take one the best golfers in the world down the stretch and come out on top.I've been building confidence for a few weeks now.I worked hard.I put the hours of practice in,and I feel that I've really found something.*
Scott had become the first Australian to ever win the victor's green jacket at the US Masters in April,making him a national hero.*
The private HSBC/Markit Economics PMI came in at 50.8,which is more than all thirteen analysts surveyed predicted.
This positive result was tempered by the fact that large companies drove the uptick;small ones didn't do so well.The HSBC survey also revealed a contraction in employment and slower restocking.A Bloomberg News survey of economists in November showed that most of them felt China's growth would slow to 7.5% in 2014,which meets the governments's goal,but would be down from 7.6% this year.*
China announced that it would allow the restart of initial public offerings.This drove the Shanghai Composite Index down,for fear the that the IPOs would siphon funds from the rest of the market.Asian stocks were mixed overall in early Monday trading,with the Nikkei down 0.4%,while the Hang Seng rose 0.44%.*
Northern Ireland's Rory McIlroy prevented Australian Adam Scott from sweeping all three Australian majors on Sunday as he took the Emirates Australian Open with his eighteen under par 66.It was the former World Number One's only win of the 2013 season;he was ranked sixth this year behind leader Tiger Woods.Scott had won the Australian PGA Championship and the Australian Masters the past few weeks;but a lackluster fourth round opened the door to McIlroy,whose game has been sharpening recently,after a mediocre season in which he had scored six top ten finishes,but no victories.*
I wanted to get a win by the end of the season,McIlroy said,but more satisfying was to take one the best golfers in the world down the stretch and come out on top.I've been building confidence for a few weeks now.I worked hard.I put the hours of practice in,and I feel that I've really found something.*
Scott had become the first Australian to ever win the victor's green jacket at the US Masters in April,making him a national hero.*
Monday, November 11, 2013
Asia This Day:Typhoon Haiyan;Hong Kong Home Prices;Portuguese Visa Program
The Philippines Red Cross has 30 workers out with chain saws to clear debris from Typhoon Haiyan,said Chairman and CEO Richard Gordon,who is also a Filipino senator.Still,there is a feeling of desperation.They've lost family members.They're hungry.Their children are hungry.
The worst typhoon in history,Haiyan devastated homes,schools and entire communities.Meteorologists are discussing extending the current five level scale of tropical storms to six categories,on account of the oceans heating up and producing such record storms.*
The Chinese government has increased minimum down payments for high end Hong Kong property to 50%.This has had their intended effect of slowing price appreciation,while hindering even buyers with excellent credit from purchasing dream homes in the territory.
Prices of homes worth more than 10 million dollars Hong Kong are expected to drop 3% in Q4,said broker Cushman&Wakefield.Speculators have been driven off by the decline,but lower end buyers have been aided by steadying prices in their range.From 2003-12,Honk Kong luxury property went up 250%,the highest prices in the world.While the upper end growth will by around 5% in the second half of 2013,the mass market will hold steady.
The Hang Seng Property Index of Hong Kong's biggest developers has dropped 6.4% so far this year.Developers will probably respond by recalibrating their strategies by looking more to lower end projects.*
Chinese nationals are at the top of a Portuguese program to grant residency visas to foreign buyers of property worth a minimum of 500,000 euros,or around 670,000 dollars.Of the 318 of the visas granted in the past year,248 went to Chinese citizens,while Russians got 15,and Angolans and Brazilians 9 each.This has meant a decisive stimulus to the real estate market's recovery,said Foreign Ministry spokeswoman Francisca Seabra.*
In golf,Taiwan's Teresa Lu,25,won the Mizuno Classic at the Kintetsu Kashikojima Country Club in Shima,Japan on Sunday.It was her first career victory,after having been in two playoffs earlier in the year.She said she will probably return to the LPGA Tour next season now,after having left it in 2010 and concentrated on the Japan LPGA Tour.*
Adam Scott won the Australian PGA Championship with a 14 under par 67 at Royal Pines in Gold Coast,Australia.He joins five others as the only Australians to have won all three Australian majors.American Ricky Fowler was second.*
Update:This catastrophe humbles us-all of us,said Father Butch Rivera,a Philippines priest in whose home typhoon victims took refuge.I'm thinking what I can do for these people,what I can give them,the man of faith wondered.He's been consoling them.
The worst typhoon in history,Haiyan devastated homes,schools and entire communities.Meteorologists are discussing extending the current five level scale of tropical storms to six categories,on account of the oceans heating up and producing such record storms.*
The Chinese government has increased minimum down payments for high end Hong Kong property to 50%.This has had their intended effect of slowing price appreciation,while hindering even buyers with excellent credit from purchasing dream homes in the territory.
Prices of homes worth more than 10 million dollars Hong Kong are expected to drop 3% in Q4,said broker Cushman&Wakefield.Speculators have been driven off by the decline,but lower end buyers have been aided by steadying prices in their range.From 2003-12,Honk Kong luxury property went up 250%,the highest prices in the world.While the upper end growth will by around 5% in the second half of 2013,the mass market will hold steady.
The Hang Seng Property Index of Hong Kong's biggest developers has dropped 6.4% so far this year.Developers will probably respond by recalibrating their strategies by looking more to lower end projects.*
Chinese nationals are at the top of a Portuguese program to grant residency visas to foreign buyers of property worth a minimum of 500,000 euros,or around 670,000 dollars.Of the 318 of the visas granted in the past year,248 went to Chinese citizens,while Russians got 15,and Angolans and Brazilians 9 each.This has meant a decisive stimulus to the real estate market's recovery,said Foreign Ministry spokeswoman Francisca Seabra.*
In golf,Taiwan's Teresa Lu,25,won the Mizuno Classic at the Kintetsu Kashikojima Country Club in Shima,Japan on Sunday.It was her first career victory,after having been in two playoffs earlier in the year.She said she will probably return to the LPGA Tour next season now,after having left it in 2010 and concentrated on the Japan LPGA Tour.*
Adam Scott won the Australian PGA Championship with a 14 under par 67 at Royal Pines in Gold Coast,Australia.He joins five others as the only Australians to have won all three Australian majors.American Ricky Fowler was second.*
Update:This catastrophe humbles us-all of us,said Father Butch Rivera,a Philippines priest in whose home typhoon victims took refuge.I'm thinking what I can do for these people,what I can give them,the man of faith wondered.He's been consoling them.
Monday, April 15, 2013
Asia This Day:Chinese Growth Disappoints;Australia's Golf Triumph
Australian home loans were up 2% in February,and those in arrears were at their lowest since December 2010.Indeed,people were paying their loans off several months ahead of time.
The Bank of Japan will continue with its easing programme until we achieve the inflation target of 2 %,said BOJ chief Haruhiko Kuroda.
Hong Kong air pollution was very high at all three roadside monitoring stations.
China GDP growth was disappointing,coming in at 7.7%,versus the 8.0% estimate.Asian shares declined in response in early Monday trading,with the MSCI Asia Pacific index heading down 0.37%.
China's mass consumption is basically stable,said Pu Yonghao of UBS Wealth Management.Corporate investment is weak,however,as is real estate and government investment because of government policies.UBS downgraded China to neutral in response,along with Brazil,India and Russia,which also underperformed.
On the other hand,UBS favours South Korea because of Samsung's success.The Korean colour is basically Samsung's colour.China has to push up innovation and regain pricing power.It's their brand.
In golf,the Australians made a concerted push at The Masters tournament in Augusta,Georgia as Adam Scott bested Argentina's Angel Cabrera in a playoff to take the coveted green jacket,the highest honour in professional golf.Scott and his fellow countrymen Jason Day and Marc Leishman played like men possessed all weekend.They would no longer be denied the prize that had eluded them forever.
At the Formula One Chinese Grand Prix near Shanghai,Spain's Fernando Alonso captured first place,while Kimi Raikkonen of Finland and Great Britain's Lewis Hamilton took second and third,respectively.There were nine lead changes by six different leaders in the action-packed race that filled the stands of Shanghai International Circuit with flag-waving fans.
The overall F1 points leader is World Champion Sebastian Vettel of Germany,who finished fourth.His team Red Bull-Renault leads in the constructor's standings.
Samsung Electronics Co Ltd (SSNLF)
The Bank of Japan will continue with its easing programme until we achieve the inflation target of 2 %,said BOJ chief Haruhiko Kuroda.
Hong Kong air pollution was very high at all three roadside monitoring stations.
China GDP growth was disappointing,coming in at 7.7%,versus the 8.0% estimate.Asian shares declined in response in early Monday trading,with the MSCI Asia Pacific index heading down 0.37%.
China's mass consumption is basically stable,said Pu Yonghao of UBS Wealth Management.Corporate investment is weak,however,as is real estate and government investment because of government policies.UBS downgraded China to neutral in response,along with Brazil,India and Russia,which also underperformed.
On the other hand,UBS favours South Korea because of Samsung's success.The Korean colour is basically Samsung's colour.China has to push up innovation and regain pricing power.It's their brand.
In golf,the Australians made a concerted push at The Masters tournament in Augusta,Georgia as Adam Scott bested Argentina's Angel Cabrera in a playoff to take the coveted green jacket,the highest honour in professional golf.Scott and his fellow countrymen Jason Day and Marc Leishman played like men possessed all weekend.They would no longer be denied the prize that had eluded them forever.
At the Formula One Chinese Grand Prix near Shanghai,Spain's Fernando Alonso captured first place,while Kimi Raikkonen of Finland and Great Britain's Lewis Hamilton took second and third,respectively.There were nine lead changes by six different leaders in the action-packed race that filled the stands of Shanghai International Circuit with flag-waving fans.
The overall F1 points leader is World Champion Sebastian Vettel of Germany,who finished fourth.His team Red Bull-Renault leads in the constructor's standings.
Samsung Electronics Co Ltd (SSNLF)
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