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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (21971)	9/4/2007 5:31:23 AM
From: elmatador	Read Replies (1) \| Respond to of 218147

OT there are three only: Caucasians, Negroid and Mongoloid at least before I left school. Perhaps some new developed after I dropped out.

To: Maurice Winn who wrote (21971)	9/4/2007 6:31:10 AM
From: elmatador	Respond to of 218147

DIC eyes $25b asset portfolio. First they buy the airports than the rest of NZ. Lots of moolah here. Needs peace in the region to invest. Need to accommodate Iran and Pacify Iraq. DIC eyes $25b asset portfolio. BY LUCIA DORE (Assistant Editor, Business) 4 September 2007 DUBAI — Dubai International Capital (DIC), the international investment arm of government-owned Dubai Holding, is aiming to increase the value of its assets under management from $7.5 billion now to between $20 billion and $25 billion over the next three to five years, the company's chief operating officer, Anand Krishnan, said yesterday in Dubai. Speaking at the China-Middle East Investment Forum, he said that DIC's investment portfolio currently breaks down as 70 per cent in Western countries, primarily the US and Europe, and 30 per cent in the Middle East and other emerging markets. But as the focus on emerging markets is one of DIC's biggest strategies going forward the intention is to change the portfolio balance to reflect this, said Krishnan. "We are aiming for a 50/50 split and a large part of this will be in China," he said. "We want a diversified portfolio and to get the right returns," he added. "We are also trying to reduce our risks in other markets, if we do it right and diversify our asset base globally." He said one of the main reasons that the DIC's focus had been on investing in the mature Western markets is that the team's experience was primarily in the US and Europe. "But liquidity in the Middle East was making it necessary to invest in other markets", China in particular. Another reason for looking to the emerging markets for future investments is that "regulatory investments in the Western markets is propelling us to look at China and other markets," he continued. DIC, established in 2004, initially focused on private equity investment but now focuses on public equity and emerging markets, explained Krishnan. He said DIC was looking at how best to grow these businesses, and forming relationships with Chinese companies with a view to co-investing was one way. From a public equity perspective, the telecommunications sector was a key target for investment, he added. In 2005 DIC acquired Doncasters Group Limited, a British engineering company, for Dh4.5 billion from Royal Bank of Scotland Equity Finance and last year it bought the budget hotel operator for Dh5 billion. "What we are trying to do is to create value added or upside valuation in European and UK assets," said Krishnan, and expanding into China was one way to do this, he added. "There are great opportunities for expanding Travelodge in China," he continued. "There is a great need for this (type of hotel) in China and (this kind of investment) adds value to us. China offers huge opportunity to add value to assets," he concluded.

To: Maurice Winn who wrote (21971)	9/4/2007 1:38:23 PM
From: elmatador	Read Replies (1) \| Respond to of 218147

So, how much leverage does Iran actually have? Analysts at the Heritage Foundation asked themselves this question back in December. To find the answer, they constructed a war-game scenario of an Iranian-induced world oil crisis, and entered the resulting date into a model of the U.S. economy run by the highly respected economic forecaster Global Insight. The results will be published at a meeting this morning at the Heritage Foundation, and the good news is that Iran’s power to harm at least the U.S. economy is far less than is often predicted. The scenario on which the game was based is highly realistic. It goes as follows: After the U.N. Security Council finally agrees to significant sanctions on Iran, the Islamic Republic pulls out of the nuclear Non-Proliferation Treaty and conducts a nuclear test. The United States bombs Iran’s nuclear sites and airbases in retaliation. Iran institutes an embargo on the United States and any country that does not condemn U.S. actions, and sinks an oil tanker in the Strait of Hormuz. Players in the war game took several steps that mitigated the resulting energy shock within weeks. Quick military action reopened the Strait of Hormuz, the U.S. government employed the Strategic Petroleum Reserve and Congress lifted tariffs on ethanol and temporarily eased regulatory burdens. Even in the worst-case scenario ? when the oil shock would send prices of crude to $135 per barrel with the resulting loss of one million U.S. jobs - these relatively modest government actions all but nullified the crisis within six weeks. segye.com