Tuesday, August 31, 2010

Lowend $499 iPad costs $259.60 to make

Research organisation iSuppli says Apples lowest-end iPad, that retails for $499, costs $259.60 in materials and manufacturing.

The organisation did a earthy teardown of the Wi-Fi usually iPad, that wentsale Apr 3. The device retails for $499 for the 16-gigabyte model; $599 for the 32 GB version; and $699 for the 64 GB model. An iPad that has both Wi-Fi and 3G cellular connectivity is due out after this month.

The check of materials and production costs are higher than iSuppli’s "virtual teardown" finished in February, before long after the iPad was announced. Then the organisation estimated $229.35 for materials and manufacturing.

Story continues subsequent ↓advertisement your ad here

"Cost for the display, the battery, the user interface chips and the energy government Integrated Circuits all exceeded iSuppli’s primary estimates, pushing up the sum Bill of Materials," the association pronounced in a headlines release. Teardown costs do not embody alternative expenses, such as software, royalties, chartering fees and marketing, iSuppli noted.

"With some-more than 40 percent of the Bill of Materials dedicated to the display, touchscreen and alternative user interface components, Apple’s iPad represents a in advance depart in electronic pattern compared to required products," the organisation said.

The "single majority costly member in the iPad is the display, labelled at $65," iSuppli said. "The arrangement is a 9.7-inch diagonal, 262,000-color TFT-LCD with a fortitude of 1024-by-768 pixels. It employs In-Plane Switching (IPS) technology, that supports a wider observation point of view and improved picture."

“The arrangement represents a customized doing of an IPS panel, pushing up the cost relations to a some-more commoditized netbook panel,” pronounced Andrew Rassweiler, executive and principal researcher and teardown services physical education instructor for iSuppli.

The shade in the inscription ripped down by iSuppli was from LG Display. "However, iSuppli believes Apple has competent dual alternative suppliers for the display, with some-more probable in the future," the organisation said.

The subsequent majority costly member was the touch-screen public at a cost of $30, followed by the tablets sixteen gigabytes of peep memory, at a cost of $29.50, afterwards the iPads battery at $21.

"The 3.75-volt battery is a lithium polymer battery pack that employs value-added modular pattern that combines dual cells in to a singular pack that is some-more simply replaceable than dual particular cells connected in," iSuppli said.

The iPads battery is not replaceable by the user, and Apple has pronounced it will assign $107, together with shipping, to reinstate it.

“While the iPad has the intensity to shift the diversion in the computing, wireless and consumer worlds, it already has altered the diversion of how most electronic products are — and will be – designed,” pronounced Rassweiler.

Click for associated contentiPad Wi-Fi problems reported by a little usersApple sells over 300,000 iPadsday of debutApples iPad is the future

“The iPad’s pattern represents a new model in conditions of wiring cost make up and electronic content. Conventional cover PCs are ‘motherboard-centric,’ with all the alternative functions in the complement — such as the display, the set of keys and audio — marginal to the executive microprocessor and the main Printed Circuit Board at the core.

"With the iPad, this is reversed. Everything is human-machine-interface-centric, with the Printed Circuit Board and Integrated Circuits all there to promote the arrangement of calm as well as user inputs.”

Sunday, August 29, 2010

Haiti assist bid injured by delayed U.N. reply

Tom Brown PORT-AU-PRINCE Fri Feb 26, 2010 1:13pm EST Related News Haiti preserve puncture as sleet turns camps to mudThu, Feb eighteen 2010U.N. assist arch chides agencies on Haiti reliefThu, Feb eighteen 2010Sarkozy visits Haiti, unveils vital assist packageWed, Feb seventeen 2010Tarps, toilets are priorities for quake-hit Haiti: U.N.Mon, Feb fifteen 2010One month after quake, Haitians stick on to weep deadFri, Feb twelve 2010 < 1 / 7 > People travel at a temporary tent stay in Cite Soleil in Port-au-Prince Feb 26, 2010. REUTERS/Carlos Barria

PORT-AU-PRINCE (Reuters) - Clutching involuntary attack rifles, truckloads of U.N. infantry patrolled the streets of Haiti"s cracked collateral on the day after the trembler strike last month, clearly preoccupied to the wretchedness around them.

World&&&&Natural Disasters

Cries for assistance from people digging for survivors in collapsed buildings were drowned out by the bark of heavy-duty engines as the infantry plowed by Port-au-Prince but interlude to stick on rescue efforts, majority less lead them.

A usual steer since they were deployed in 2004, the U.N. infantry huddled in the shade of their canopied vehicles.

There were about 9,000 uniformed U.N. peacekeepers stationed in Haiti when the upheaval struck on Jan twelve and they were the judicious "first responders" to the mess in the bankrupt Caribbean country, whose notoriously diseased executive supervision was impressed by the scale of the tragedy.

Initially, however, nothing of the peacekeepers appeared to be concerned in hands-on charitable service in what puncture healing experts report as the vicious initial 72 hours after a harmful trembler strikes.

Their reply to the abominable pang was singular to you do security and seeking for looters after the bulk 7.0 upheaval intended majority of the collateral and took what Haitian President Rene Preval says could be as majority as 300,000 lives.

There was looting in the capital, but it paled in some-more aged with the astringency of the charitable crisis.

Horribly-injured patients flooded overstretched hospitals, forcing healing staff to confirm that patients to yield and that were already as well far left to try saving.

"Doctors played God," pronounced Tyler Marshall, a maestro former Los Angeles Times match operative with an general assist organisation that helped out in a tent city erected at the tallness of the destruction on the drift of Port-au-Prince"s University Hospital, the country"s largest.

Scores of U.N. crew died in the quake, together with Hedi Annabi, head of the U.N. mission that was set up in 2004. That helps insist what majority have criticized as a glacially delayed kickoff of service operations after one of history"s misfortune healthy disasters.

But in the days and weeks that followed it mostly seemed that lessons from alternative disasters were abandoned in Haiti as fears of rioting or anarchy overshadowed concerns about removing assist out quickly.

The U.N."s tip charitable assist official, John Holmes, is between those who have chided service agencies, together with the United Nations itself, for you do as well small to assistance Haiti.

"We cannot ... wait for for for the subsequent puncture for these lessons to be learned," Holmes wrote in a trusted email initial published on the website of the biography Foreign Policy.

"There is an obligatory need to progress significantly genius on the ground, to urge coordination, vital formulation and sustenance of aid," pronounced Holmes.

Edmond Mulet, behaving head of the U.N. mission, concurred in an talk that it played a singular charitable purpose in the initial couple of days after the trembler since the operations were effectively decapitated.

"At the unequivocally commencement it was unequivocally formidable since all the domicile was utterly broken and all the care of the mission was killed," Mulet told Reuters.

"CRIMINALS AND BANDITS"

Mulet gained prominence for wielding an iron fist during a prior army as head of the U.N. mission when he led mostly Brazilian "blue helmet" infantry in a successful crackdown on Haiti"s heavily armed gangs.

And he has finished no tip about sophistry the competing needs of service operations with law enforcement, in his bid to lane down the some-more than 3,000 inmates who took value of the trembler to shun from the main prison.

"We are here additionally to yield security," he pronounced when asked about the mess of convoys of rifle-wielding U.N. infantry to poke for people trapped in the rubble of the busted capital.

"I still have to patrol, I still have to go after all these criminals and bandits that transient from the inhabitant penitentiary, the squad leaders, the criminals, the killers, the kidnappers. I cannot unequivocally confuse myself from you do that."

The service mission shifted in to higher rigging after U.S. infantry deployed in large numbers and set up a supply sequence to get food and disinfectant in to areas great out for aid.

But there were still majority bottlenecks and setbacks, mostly involving U.N.-linked food distributions hobbled by unsound organization, reserve and throng control.

Unfortunately, U.N. infantry in Haiti have over the years gained a repute for toughness and abuse some-more than for easing pang in the lowest nation in the Americas.

"The usually time I"ve seen one of these U.N. infantry burst out of the behind of a lorry was to kick up on somebody or take a shot at them," pronounced a piece of the U.S. Army"s 82nd Airborne Division, as he worked security during a new assist handout.

"These guys have since all of us in unvaried a bad repute here," he said, asking not to be identified.

Haiti"s wrecked infrastructure and bad ride links finished it formidable to get assist out and keep it flowing, but that frequency finished the incident opposite from that in alternative new disasters around the globe.

"POOREST AND MOST VULNERABLE"

"The lowest and the majority exposed people lend towards to live in the regions that are strike the majority by healthy disasters," pronounced Solomon Kuah, an puncture healing medicine formed in New York who outlayed 4 weeks in Port-au-Prince after the quake.

There are no arguable estimates for the series of survivors who died from injuries due to unsound healing supplies.

But Henriette Chamouillet, the World Health Organization"s deputy in Haiti, pronounced all from staff shortages to bureaucracy and a miss of make-up lists embroiled the smoothness of containers full of medicines from Port-au-Prince"s airfield to doctors on the ground.

Port-au-Prince sits usually 700 miles off the seashore of Miami, that is home to a large Haitian-American community, and it seemed ludicrous that so couple of the U.S. infantry rushed there spoke French or were accompanied by translators.

One retaining picture of pell-mell food distributions came when U.S. helicopters offloaded boxes of MREs (Meals Ready to Eat) at a site in the capital. Many Haitians non-stop them up usually to toss them afar in offend since no French or Creole-language instructions were enclosed with the assumingly invalid packets of dust, explaining that they indispensable to be churned with H2O as piece of their preparation.

Rajiv Shah, head of the U.S. Agency for International Development, has touted the Haiti service mission as "the largest and majority successful general poke and rescue bid ever fabricated in history."

But some-more than 6 weeks after the upheaval hit, the mission is still mostly in an puncture reply mode. The U.N."s World Food Program is tying the food rations to 55-pound (25 kg) bags of rice and the Haitian supervision estimates that a million upheaval survivors are still vital in the streets in temporary encampments with no using H2O or toilets.

Doctors are roughly finished traffic with dire injuries but reconstruction for a little 40,000 amputees and rebuilding Haiti"s health infrastructure are between long-term challenges.

"This is unequivocally a mess of Biblical proportions," pronounced Lewis Lucke, who was the USAID executive in Iraq prior to entrance to Haiti as U.S. ambassador.

U.N. and alternative officials have pronounced the tellurian reply to Haiti"s upheaval was quicker and some-more in effect than in alternative new disasters, together with the Asian tsunami that killed 226,000 people in thirteen countries in Dec 2004.

But experts contend the United Nations has a lot to sense from smaller, some-more nimble healing groups similar to International Medical Corps, or IMC, and Paris-based Medicins Sans Frontieres, along with charities some-more experienced in distributing aid, such as CARE and Catholic Relief Services.

Kuah, who concurrent service efforts for IMC, a California-based organisation that had rarely learned doctors treating patients in Haiti twenty-three hours after the trembler struck, stressed the "need for speed" when it comes to saving lives.

"When you ask yourself if there were ways you could have prevented some-more mortalities or discontinued additional mortality, with earthquakes, in particular, it"s some-more timing than anything else," pronounced Kuah.

(Additional stating by Catherine Bremer, Jackie Frank, Patricia Zengerle, Mica Rosenberg and Andrew Cawthorne; Editing by Kieran Murray)

World Natural Disasters

Saturday, August 28, 2010

House prices tumble for initial time in 10 months

House prices fell for the initial time in 10 months during Feb

House prices fell for the initial time in 10 months during Feb

House prices have depressed for the initial time in ten months, raising fears that the "mini-boom" is over, the Nationwide warned yesterday.

In February, the normal cost of a residence forsaken by 1 per cent, the initial tumble given Apr last year.

The total from Britain"s greatest construction multitude will fuel drawn out concerns that prices are about to plunge.

Nationwide"s arch economist Martin Gahbauer pronounced February"s tumble might be a "temporary blip", but could be "the begin of a new trend".

The new opening of the housing marketplace - the normal cost rising by 14,000 given last open - has been utterly "out of kilter" with the mercantile downturn, he said.

He expects prices will be prosaic this year, nonetheless alternative experts, such as the consultancy Capital Economics, envision a far crook tumble of up to 10 per cent.

For millions of homeowners, new total display that residence prices have been rising are at contingency with their own experience.

This is since the "mini-boom", that saw prices climb for 9 uninterrupted months, has been fuelled by a bang in the South, but a unemployment in the North.

Separate figures, published yesterday by the Land Registry, show the cove in between Britain"s twospeed housing market.

Over the past year, prices have rocketed 10.5 per cent in London, 8.5 per cent in the South-East and 6.6 per cent in the South-West.

But in the North they are down 3.4 per cent in the North East, down 2.2 per cent in Yorkshire and the Humber and down 1.1 per cent in the North West.

In London - where prices are some-more costly than anywhere else - they are 336,212, only five per cent next their rise of 355,097 in Jan 2008.

Richard Donnell, executive of investigate at the skill report organisation Hometrack, said: "Our ultimate total show prices have been rising in only 7 per cent of postcodes - these mostly cramped to southern England."

The Nationwide"s total show the normal cost of a home is 161,320.

Friday, August 27, 2010

Interviews of the week: Gwyneth Paltrow Martina Navratilova Jamie Oliver

& ,}

Dont call me nice: I feel similar to a psycho

Gwyneth Paltrow, the Hollywood star, expel off her goody-two-shoes picture in an interview with Vogue last week. Oh yes, I can be mean. I can cavern in to gossip, I can ice people out and I can unequivocally gulf revenge, she told the interviewer Christa DSouza.

But it was the actresss successive acknowledgement that sparked press conjecture the next day: In fact, Im carrying a incident right right away with a friend, where Im feeling flattering angry.

Was Paltrow, who is tied together to Coldplays lead singer, Chris Martin, articulate about Madonna? She told Vogue that she and her personal trainer, Tracy Anderson, who additionally helped Madonna to keep in trim, were right away in commercial operation together. The span are formulation to open an practice college of music in London after this year.

Its good that Tracy doesnt sight Madonna any more, confided Paltrow. It was as well much. She keeps people watchful it takes up your sum day.

Whether or not the frenemy is Madonna, Paltrow pronounced that she was battling her meant side. Revenge is erosive and it doesn"t have me feel good, she said.

If I hatred someone, some-more mostly than not the since theres a small law in what they say. What is the doctrine here? I have to infrequently contend to myself, out loud, What is it training me?

And if I cant do that, she says, lapsing in to therapy-speak, afterwards as prolonged as I can stop myself from reacting, thats enough.

So how does she lend towards to conflict when shes feeling vengeful? Sometimes I have a hard time observant what I need to say. Ill be annoyed, Ill stew, Ill set up a wall around me and give off the wordless diagnosis and I know thats not healthy. Passive aggression, see? Slowly, Im removing better, but I dont think Ive found that voice yet, to contend how I really, unequivocally feel.

Sometimes, she continued, I feel similar to the psycho in Sleeping with the Enemy. Remember that film, when shes got to line up all the apricot chutneys only so? I think I need to . . . go behind to the cringe and figure out whats going on. I had a good therapist in New York, whom I still speak to. I dont nonetheless have a good one here . . .

Champion defies her toughest foe

In an talk with People magazine, Martina Navratilova, 53, suggested that she is being treated with colour for breast cancer. The former tennis hold up said: I cried. It knocked me on my ass. I feel so in carry out of my hold up and my physique and afterwards this comes. It was a sum shock since Ive been so healthy, she added. I thought, Im going to lose my follower and afterwards my hair, and I dont have that much.

The disease was rescued in Feb after a slight mammogram, but Navratilova certified she had let it slip by going 4 years in between screenings. Another year and I could have been in big trouble, she said. The former universe array one pronounced she was vocalization out to inspire women to have check-ups. The earlier you catch it, the better, she said. So get the bloody mammogram.

Dunces run the lives, says Jamie

Jamie Oliver, the campaigning chef, grew up meditative that the folk in energy in Britain were unequivocally amazing. But afterwards he done his radio array School Dinners, in that he attempted to convince schoolchildren to eat full of health lunches, and had to associate with everybody from supervision ministers to internal officials. Thats when he realised that he was far some-more able than most.

Ive had conversations with heads of preparation when I go, How most delegate schools do you have?, Oliver told Janice Turner in the Times Magazine. And they say, Er, about 4,500. And at the time it was 3,336 with 4 in build. And I was like, How can an irritating small cut similar to me know that and you dont? And youre using them?

Thursday, August 26, 2010

Des Kelly Why did we wave in Europe? Look who spentthe money...

The usually bar that can be honestly gratified with their European debate is Fulham.

That is not a judgment I had expected essay at the begin of the season. For the rest, this retrogression has right away manifested itself in a Champions League semi-final choice that does not embody a singular English bar for the initial time in 7 years.

There are occasions when you goal your predictions keep their common standing as processed fish-and-chips wrapping, but I did fright the misfortune when the pull was made, saying: "It"s roughly unthinkable, but this could be the initial time given 2003 that a Premier League clubs fails to reach the last 4 of the Champions League.

M&S aims to be majority tolerable tradesman by 2015

LONDON Sun February 28, 2010 7:58pm EST People travel past a Marks and Spencer store in Leicester, executive England, Nov 4, 2009. REUTERS/Darren Staples

People travel past a Marks and Spencer store in Leicester, executive England, Nov 4, 2009.

Credit: Reuters/Darren Staples

LONDON (Reuters) - Britain"s Marks Spencer is to step up the plans to go "green" by opting for some-more tolerable mixture and similar a vital salary for suppliers in the bid to turn the world"s majority tolerable tradesman by 2015.

MS pronounced in a matter Monday the new plan would magnify the strange immature targets that were introduced in 2007 and would have the association some-more efficient, rise new markets and set up patron loyalty.

"It"s thus not only the right thing to do implicitly but additionally creates clever blurb sense," Chairman Stuart Rose said.

"Since we launched the eco plan, Plan A, in 2007 we"ve marked down the environmental impact, grown new tolerable products and services, helped urge the lives of people in the internal communities and saved around 50 million pounds by being some-more efficient."

"Our lengthened Plan A will reach serve and move us faster - covering each piece of the commercial operation and reaching out to forests, farms, factories, lorries, warehouses and in to the customers" and employees" homes."

MS pronounced the new commitments would embody creation certain all 2.7 billion food, wardrobe and home equipment carried at slightest one tolerable or reliable peculiarity such as being fair-trade or free range.

It will additionally find to establish and determine a fair, vital salary for workers in such markets as Bangladesh, Sri Lanka and India, and yield precision and preparation programs.

(Reporting by Kate Holton; Editing by Louise Heavens)

for acne doctors to help adolescents to treat their acne

Monday, August 23, 2010

Confidence and batch prices tumble

NEW YORK -- The batch marketplace pulled behind Tuesday after a startling dump in consumer certainty reminded investors of the infirmity of the mercantile recovery.

The Dow Jones industrials fell 100 points. Interest rates additionally fell as investors changed income out of bonds and in to the reserve of Treasury notes.

The Conference Board pronounced the consumer certainty index fell to 46 in Feb from 56.5 last month. That was well next the foresee of economists polled by Thomson Reuters. They approaching a celebration of the mass of 55.

Not usually did the index tumble sharply, it is far from indicating strength in the economy. A celebration of the mass on top of 90 equates to the economy is on plain footing. Consumers are critical to a clever mercantile liberation since their spending accounts for some-more than two-thirds of mercantile activity.

The Dow Jones industrial normal fell 100.97, or 1 percent, to 10,292.41 after being up around nineteen prior to the consumer certainty index was released. The Standard & Poors 500 forsaken 13.41, or 1.2 percent, to 1,094.60, whilst the Nasdaq fell 28.59, or 1.3 percent, to 2,213.44.

In alternative mercantile news, a inform on home prices showed that the housing marketplace continues the delayed recovery. The Standard & Poor"s/Case-Shiller 20-city home cost index rose 0.3 percent from Nov to December.

Home prices" rate of decrease from a year progressing additionally improved. That magnitude fell 3.1 percent. Economists had foresee a year-over-year dump of 3.2 percent, compared with a decrease of 5.3 percent in November.

Thursday, August 19, 2010

File-sharing program intensity hazard to health privacy

Healthcare professionals who take patient information home to personal computers containing peer-to-peer file-sharing software are jeopardizing patient confidentiality, note the authors of the study.

Computer users may be unaware that sensitive information in their personal files on their personal computers can be exposed to other users, because some vendors use software containing dangerous sharing features, says Prof. Khaled El Emam, Canada Research Chair in Electronic Health Information and lead author of the study.

El EmamCHEO team used popular file sharing software to gain access to documents they downloaded from a representative sample of IP addresses. They were able to access the personal and identifying health and financial information of individuals in Canada and the United States. The research for the study was approved by the CHEO ethics board.

The study is the first of its kind to empirically estimate the extent to which personal health information is disclosed through file-sharing applications.

North Americans use file-sharing software such as Limewire, BitTorrent and Kazaa primarily to share and access music, videos, and pornography.

During their research on this project, El Emam said he and his colleagues found evidence of outsiders actively searching for files that contain private health and financial data. There is no obvious innocent reason why anyone would be looking for this kind of information, stated El Emam. Very simple search terms were quite effective in returning sensitive documents.

Most Canadians would be better off not using file-sharing tools if they want to protect their sensitive information. Trying to use the programs" own privacy safeguards requires considerable information technology expertise, add Dr. El Emam.

Only a small proportion of the IP addresses the researchers examined contained personal health information, but since tens of millions of people use peer-to-peer file sharing applications in North America, that percentage translates into tens of thousands of computers.

The security of financial information has gained more public attention, and researchers did find that a higher percentage of downloaded files contained personal financial information. But as the United States and Canada move towards more digitization of health records, ensuring the privacy of health information is becoming a hot button issue.

A sample of the private health information the CHEO team was able to find by entering simple search terms in file-sharing software:

an authorization for medical care document that listed an individualOntario Health Insurance card number, birth date, phone number and details of other insurance plans; a teenage girlmedical authorization that included family name, phone numbers, date of birth, social security number and medical history, including current medications; several documents created by individuals listing all their bank details, including account and PIN numbers, passwords and credit card numbers.

The study, financed by the Canada Research Chairs program, includes recommendations for managing risks when using file-sharing software.

Wednesday, August 18, 2010

New Smartphone App Helps Shoppers Make Greener Food Choices

A new smartphone focus aims to assistance eco-conscious consumers have greener choices at the grocery store.

Created by 4 immature designers, the Augmented Living mobile app, or"AUG" for short, not long ago won initial esteem in the Consumer ElectronicsAssociations (CEA) annual Greener Gadgets Design Competition hold inNew York.

To have have use of of the app, users have have use of of their mobile inclination camerato indicate the barcode on a food item. This calls up sum about theproduct on their cell phones display. The report could includethe place of the plantation where it was lifted or grown, as well as itsnutritional value, pricing story and alternative data.

Shoppers could additionally embrace promotional report and rewards for purchasing an AUG-assigned product.

"The protracted vital products module provides a tide of producerinformation that enables shoppers to have a some-more sensitive buyingdecision," John Healy, a former tyro at the Savannah College of Art& Design in Georgia, told TechNewsDaily.

Healy has plans to set up the app to fit mixed mobile phonesystems, together with versions for the iPhone, Android phones andMicrosofts new version of Windows Mobile scheduled for launch in thefall of this year.

Healy written AUG with his former classmates, Shane Blomberg, Seth Laupus and Andrew Reeves.

"At this point in time, mobile technologymakes report eatable on-the-go, so the meridian is right for aprogram such as AUG to lift the clouded cover in between producers and consumers,"Healy said.

Greener Gadgets discussion attendees agreed. While judges weighed inon the finalists, the people at the show dynamic the winner.

The National Grocers Association annual investigate of U.S. shoppersgrocery shopping day to day confirms seductiveness in organic furnish is at itshighest turn ever. The investigate found that some-more than 60 percent of peoplesaid organic products have a difference in the stores they frequent, and some-more than90 percent regarded high peculiarity fruits and vegetables as "veryimportant."

The investigate additionally showed some-more seductiveness in nutritionand health information. Forty percent of shoppers rated theavailability of this sort of report as a "very important" storetrait a 6 percent enlarge over last years results.

AUG could give shoppers entrance to this report as theyre erratic down store aisles. Healysaid his group hopes to have AUG at large accessible to consumers soon, buttiming will rely on additions to the barcode complement and funding.

"We are seeking in to appropriation options and goal to exam the thought in a couple of opposite markets inside of the year," he said.

Smartphone Apps a Potential $30 Billion Industry 10 Cool Asian Cell Phone Features You Cant Have Yet 10 Profound Innovations Ahead

Sunday, August 8, 2010

Spurned by banks China skill firms justice PE supports

George Chen, Asia Private Equity Correspondent BEIJING Tue Mar 9, 2010 7:31am EST Related News DEALTALK-Spurned by banks, China property firms court PE fundsTue, Mar 9 2010 Stocks & &

BEIJING (Reuters) - Capital-hungry Chinese developers are turning to real estate private equity funds this year as big domestic banks tighten lending to help Beijing curb property prices, a top concern for most Chinese.

Deals

Foreign banks and buyout funds have been in active discussions with private equity specialist lawyers to form property funds since the start of the year, and some multi-hundred-million dollar funds are ready to go, according to people involved in these fund-raising plans.

"Private equity players believe the more bank loans are tightened, the bigger the opportunity for them to invest in Chinese properties," said a lawyer working for a U.S. client, which is forming a real estate fund with a China focus.

"When developers find it difficult to get loans from banks, they have to seek alternatives, and private equity funds will be a good option," said the lawyer. The legal and financial sources interviewed by Reuters for this story declined to be identified because they were not authorised to speak to the media.

Citigroup Inc"s (C.N) private bank joined hands with state-owned conglomerate China Resources Group to raise about $500 million for real estate funds to invest in Chinese shopping malls, Reuters reported last month.

Last week, Franklin Templeton"s real estate arm said it aims to raise $300 million for its second Asian real estate fund, which includes China as a market focus.

Developers used to turn to the stock market for fund-raising via IPOs. Most investors, however, are no longer big fans of property stocks this year.

Nine Chinese property companies listed in Hong Kong last year, raising a combined $5 billion, according to Reuters calculations. The flood of real estate IPOs has put pressure on developers" fund-raising plans via stock markets.

As a result, many developers now are more keen to seek money from private equity funds because they need medium-term capital to finance their new projects.

NEW PROPERTY FUNDS

Palm Spring is in talks to sell a stake worth between $100 million and $200 million to a private equity fund after the luxury developer failed to launch its planned IPO worth up to $1 billion in Hong Kong last year, sources told Reuters.

"If you can"t do an IPO immediately, and you have trouble getting loans from banks, then what else can you do? Naturally you will think of private equity, though the financing cost could be higher," said one of the sources.

"And that"s also why you see suddenly many new property funds are in the making," he added.

In recent months, some Chinese developers were forced to give up the land they won via public auctions due to a lack of capital to kick off construction. In the event, they lost some guarantee money to the land auctioners, local media reported.

Even among Chinese banks, which have been guided by the banking regulator to slow down lending to developers and raise downpayments for second or third home buyers, some are keen to help raise property funds to finance developers indirectly.

The China Banking Regulatory Commission has warned some major state lenders to slow lending after they approved loans at a record pace at the start of the year.

Part of the loans were mortgages, which some analysts said have helped boost property prices in major cities since the second half of last year.

Property inflation has become one of the biggest complaints among ordinary Chinese, raising concerns among policymakers in Beijing that it could eventually strain social stability.

"On the one hand, we will continue to support people"s reasonable demands in housing consumption," said Yang Kaisheng, president of Industrial and Commercial Bank of China (1398.HK) (601398.SS), the world"s largest bank by market value.

"Secondly, we also need to avoid risks that may appear in housing market lending," Yang told reporters this week.

At least two Chinese banks -- Merchants Bank Co Ltd (600036.SS)(3968.HK), China"s No. 6 lender by assets, and Minsheng Banking Corp (600016.SS) (1988.HK), China"s No. 7 lender -- are working with third parties separately to launch property funds, said sources with direct knowledge of the plans.

Chinese banks are not allowed to invest directly in properties but many of them have set up private equity-like investment units in recent years, which can invest in third-party funds as institutional investors, also known as limited partners.

Merchants Bank and Minsheng declined to comment on their property fund plans.

For related Asian private equity news, Reuters 3000 Xtra users can double click on: LEN-RTRS-ASIA-PVE

(Additional reporting by Michael Wei and Samuel Shen in BEIJING, Kennix Chim in HONG KONG and Saeed Azhar in SINGAPORE; Editing by Ken Wills and Muralikumar Anantharaman)

Deals

Thursday, August 5, 2010

Brazil bonds genuine tumble on tellurian liberation concerns

Thu Mar 4, 2010 11:54am EST Related News Brazil stocks edge lower on profit-takingWed, Mar 3 2010Brazil stocks rise on hopes for Greece resolutionWed, Mar 3 2010Brazil stocks, real firm on Greece debt hopesTue, Mar 2 2010Brazil stocks close up on big global acquisitionsMon, Mar 1 2010Brazil stocks gain as commodities, metals surgeMon, Mar 1 2010 Stocks & &

SAO PAULO, March 4 (Reuters) - Brazilian stocks fell onThursday for a second straight session, giving up early gainsafter weak U.S. home sales data pushed down oil futures andhelped lift the dollar.

Stocks&&&&Currencies&&&&Bonds

U.S. pending home sales unexpectedly dropped 7.6 percent,surprising markets which had expected a 1 percent increase, andwiping out confidence that followed some positive readings inretail sales and jobless claims data.

Investors in Brazil have become more U.S. data-dependent,as developments in equity markets there are seen as a gauge ofrisk-taking and global confidence.

"The response from the Brazilian market was quick becausethe Bovespa had risen more than foreign markets," said BernardoRodarte of Sita Corretora. "When they saw the negative number,foreign investors took advantage of the moment to pocket recentgains."

The benchmark Bovespa index .BVSP fell 0.6 percent to67,238 points in early afternoon trading followingprofit-taking in the previous session. The country"s currency,the real (BRBY), edged down 0.1 percent to 1.792 per dollar.

The dollar strengthened against the euro and a basket ofmajor currencies, pushing commodities prices lower. Thebenchmark Reuters-Jefferies index .CRB slumped 1.11 percent.

The weak U.S. home sales numbers also weighed on optimismover a resolution to a growing debt problems brewing in theeuro zone.

Debt-burdened Greece drew strong demand for a crucial bondissue on Thursday but paid a steep risk premium. The problemsin Greece have exposed strains within the euro zone and roiledmarkets in recent weeks, particularly hitting riskier assets.

State-controlled energy giant Petrobras (PETR4.SA), themost heavily-weighted stock in the index, was off 0.48 percentto 34.98 reais.

Mining company Vale (VALE5.SA) (VALE.N), the world"slargest iron ore trader, slipped 0.07 percent to 45.31 reais.

Grupo Pao de Acucar (PCAR5.SA), Brazil"s largestdiversified retail group, said same-store sales should riseclose to 15 percent this year, the company"s CEO said on aconference call with analysts.

Brazil"s automobile output jumped 23.9 percent in Februaryfrom a year earlier while January industrial productionincreased at its fastest year-on-year pace in 15 years,underscoring expectations of a strong rebound in LatinAmerica"s largest economy.

Steelmakers also fell. Gerdau (GGBR4.SA) shed 0.22 percentto 26.66 reais, Usiminas (USIM5.SA) moved down 0.54 percent to51.11 reais and CSN (CSNA3.SA) slipped 1.26 percent to 59.79reais.

Yields on Brazilian interest rate futures contracts<0#DIJ:> ticked slightly lower.

The yield on the contract due January 2011 DIJF1 edgeddown to 10.45 percent. The yield on the contract due January2012 DIJF2 fell to 11.61 percent from 11.63 percent.

Investors use the contracts to bet on trends in thecountry"s benchmark interest rate, the Selic, currently at arecord-low 8.75 percent.

Stocks Currencies Bonds

Sunday, August 1, 2010

US bullion hits six-week low as dollar rallies

Wed Mar 24, 2010 3:46pm EDT Stocks & &

NEW YORK, March 24 (Reuters) - U.S. gold futures fell to asix-week low while finishing 1.4 percent lower on Wednesday asa sharp dollar rally amid lower investor appetite promptedselling of the metal across the board. * For the latest detailed report, click on [GOL/]. GOLD * COMEX April GCJ0 settles down $14.90, or 1.4 percent,at $1,088.80 an ounce. * Ranged $1,106 to $1,084.80 - lowest since Feb. 12. * Gold pressured as dollar jumped over 1 percent againstthe euro EUR= and a basket of currencies .DXY. [USD/] * Surging U.S. interest rates, driven by sharply higherU.S. Treasury yields, prompted selling - Bill O"Neill at LOGICAdvisors in New Jersey. * Weak euro, losses in equities markets drag gold lower -Peter Buchanan, senior economist at CIBC World Markets. * U.S. currency extends gains after data showed new ordersfor durable goods rose for third straight month in February. * Euro slumps to 10-month low against dollar on a downgradeof Portugal"s debt. [ID:nLDE62N14Y] * Sentiment cautious as investors look forward to CFTCpublic hearing on futures and options in metals on Thursday.[ID:nN2390912] * COMEX final volume 195,103 lots. * Spot gold XAU= at $1,085.60 an ounce at 3:18 p.m. EDT(1925 GMT), versus $1,101.65 late in New York in the previoussession. * London gold afternoon fix XAUFIX= at $1,090.75. SILVER * May SIK0 finishes down 38.6 cents, or 2.3 percent, at$16.641 an ounce, tracking weakness in gold and metals. * Range from $17.045 to $16.580. * Silver largely ignores a strike scheduled forBuenaventura"s (BVN.N) two silver and gold mines in Peru onFriday - traders. * COMEX final volume 27,379 lots. * Spot silver XAG= at $16.57 against $16.97 an ounce inthe previous session late quote in New York. * London silver XAGFIX= fixed at $16.68 an ounce. PLATINUM * April PLJ0 ends down $20.60, or 1.3 percent, at$1,587.90 an ounce, boosted by industrial metals" gains. * Spot platinum XPT= at $1,577 an ounce. PALLADIUM * June palladium PAM0 closes down $10.65, or 2.3 percent,at $453.90 an ounce, tracking platinum. * Spot palladium XPD= at $440.50 an ounce. Close Change Pct 2009 YTD Chg Close % ChgUS gold GCJ0 1088.80 -14.9 -1.4 1096.20 -0.7US silver SIK0 16.641 -0.386 -2.3 16.845 -1.2US platinum PLJ0 1587.90 -20.60 -1.3 1471.00 7.9US palladium PAM0 453.90 -10.65 -2.3 408.85 11.0Prices at 3:11 p.m. EDT (1911 GMT)Gold XAU= 1085.45 -16.20 -1.5 1096.35 -1.0Silver XAG= 16.55 -0.42 -2.5 16.84 -1.7Platinum XPT= 1576.50 -30.50 -1.9 1465.50 7.6Palladium XPD= 441.00 -23.500 -5.1 405.50 8.8Gold Fix XAUFIX= 1090.75 -3.25 -0.3 1104 -1.2Silver Fix XAGFIX= 16.68 -10.00 -0.6 16.99 -1.8Platinum Fix XPTFIX= 1586.00 4.00 0.3 1466 8.2Palladium FixXPDFIX= 456.00 2.00 0.4 402 13.4 (Reporting by Frank Tang; editing by Rene Pastor)

Currencies

Currencies