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

To: Maurice Winn who wrote (56358)	10/13/2009 1:54:15 AM
From: elmatador	Read Replies (1) \| Respond to of 218594

Arabs start seeing where the value lies: Abu Dhabi fund buys into Banco Santander Brasil. This is a move away from sending their money to Europe. After decades of buying hotels, department stores, pieces of German carmakers,European football clubs they see with the right place to put thir money is. Abu Dhabi fund buys into Banco Santander Brasil By ADAM SCHRECK (AP) – 1 day ago DUBAI, United Arab Emirates — The Abu Dhabi investment fund with the biggest stake in Mercedes-Benz said Sunday it has spent $328 million for a piece of a Brazilian bank recently floated by Spanish financial giant Banco Santander. Aabar Investments' deal — the latest in a string of big bets by the fund this year — is another sign that Gulf governments are regaining their appetite for fresh investments and have plenty of cash left to spend despite the economic downturn. It comes one day after Qatar's sovereign wealth fund said it boosted its stake in the company that owns much of London's Canary Wharf, a business district that houses offices for many of the world's best-known banks. "We are delighted to have had the opportunity to invest in such a strong and successful entity," Aabar's chairman, Khadem al-Qubaisi, said in a brief statement announcing the Brazil deal. "We hope to continue to strengthen and develop the existing relationship we have with Banco Santander and look forward to working with them in the future," he said. Aabar has been among Abu Dhabi's most active investment funds in recent months, buying a 9.1 percent stake in Mercedes-Benz maker Daimler and nearly a third of commercial space travel startup Virgin Galactic. It also owns 4 percent of San Carlos, California-based electric car producer Tesla Motors. The Abu Dhabi government controls Aabar through a majority stake owned by its state-run International Petroleum Investment Co. Abu Dhabi is the largest and richest of seven sheikdoms that make up the United Arab Emirates, and serves as the federation's capital. It controls nearly all of the OPEC member's conventional oil reserves, the world's fifth largest. Its buy-in follows Banco Santander Brasil's $8.1 billion initial public offering last week. Parent company Banco Santander SA initiated the IPO — the largest this year — in an effort to expand its Latin American operations. It hopes to take advantage of one of the world's fastest growing economies by opening new branches and ATMs, and providing credit through its commercial banking and global wholesale banking divisions. Santander is Brazil's third largest private sector bank behind Itau-Unibanco and Bradesco. Aabar's purchase is the second major deal announced by Gulf state-backed investors in as many days. On Saturday, Qatar Holding said it increased its holding in Songbird Estates PLC to 24 percent, making it the biggest shareholder in the real estate company that owns much of the Canary Wharf financial hub in east London. Qatar Holding is the investment arm of the natural gas-rich Arab state's sovereign wealth fund. It said its investment in Songbird now stands at more than 350 million pounds, or $559 million. It also owns stakes in European banks Barclays PLC and Credit Suisse Group, British supermarket operator J Sainsbury PLC and the London Stock Exchange. Copyright © 2009 The Associated Press. All rights reserved.

To: Maurice Winn who wrote (56358)	10/13/2009 4:52:23 PM
From: gg cox	Read Replies (2) \| Respond to of 218594

<<Anyway, so now you understand how a ship full of cement gives lots more concrete than a ship full>> Always was easy peezy Maurice,cause it relates back to the wheel barrow mix,, multiply cement volume by about 4.. to get close to,total concrete volume... even my calculator can do it. <<but that the cement and water hide in the interstices of the aggregate so contribute little to the volume of concrete.>> Glad you are starting to understand that when mixed, it doesn't disappear by half. <<That was the point of the discussion, not that you know how to mix some poor quality concrete.>> Hrrumph my stiff mix is of finest quality.Because you humped around giant barrows of concrete in your youth obviously doesn't make you an expert of the mix ...wanting to slosh in a full pail of water to your formula was the clue. <<BTW, it's a ball-peen hammer not a ball pine hammer.>> How binary of you to take the bait.His ball pine hammer, was a ball hammer head and a pine handle, you can get them in hardware stores in Canada...ask bingdegoogle.What was the last thing that you peened?My last peening was a freshly welded , cast vice, on a hot stove and a slow cool to convince the molecules to shake hands with each other. <<PS: Come to think of it, I am due to fill a hole I dug for a gate post a couple of weeks ago with concrete. I have the ingredients in the shed.>> Make sure to read the instructions on the bag...twice..and easy with the water, and hope to hell it doesn't disappear by half.<g> Yesterday we suggested my daughter, early thirties, get vaccinated for swine flu.I have had only one flue shot in my life, might be time to heed your warning and change my ways.