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Tuesday, July 27, 2010

Design Centre Chelsea Harbour welcomes new Managing Director

Design Centre Chelsea Harbour welcomes new Managing Director
Jul 26, 2010

Claire German takes over the helm at the Design Centre Chelsea Harbour today, joining as the new Managing Director. She replaces Helen Fifield, who has left to take a course at the Royal Academy after seven years.

Previously Publishing Director at House & Garden magazine, Claire brings a considerable wealth of knowledge and experience from within the international interior design sector. She joins Design Centre Chelsea Harbour at a very exciting time with the Phase II development of these iconic buildings about to begin.

Marcol’s Co Founder and CEO Terence Cole states: "Claire’s dynamism and enthusiasm will enhance our vision for the future and further establish Design Centre Chelsea Harbour as the world’s leading design destination."

Co Founder and CEO Mark Steinberg adds: "Helen’s contribution has been outstanding and we will miss her greatly. We’ve worked very closely together during her time with us and her intelligence and creativity have helped develop the Design Centre Chelsea Harbour we know today. We wish both Claire and Helen every success in the future."

http://www.marcol.com/

Tuesday, July 20, 2010

Colony Capital looking for distress

Colony Capital looking for distress
19 Jul 2010

Colony Capital is likely to add to its US$16-billion hotel portfolio via distressed investments.

By Shawn A. Turner
Finance Editor
Shawn@HotelNewsNow.com

SANTA MONICA, California—Already a multibillion-dollar presence in the hotel industry, Colony Capital has plans to become even bigger.

Hotel investments make up approximately US$16 billion of the firm’s total US$30 billion in assets under management. And with the industry fighting to rebound from the downturn, hotels fit nicely inside Colony’s philosophy of investing in out-of-favor sectors.

http://www.hotelnewsnow.com/Article/3690/Colony-Capital-looking-for-distress

Friday, July 16, 2010

Default Rate May Rise as Company Finances Weaken in Europe, Moody's Says

Default Rate May Rise as Company Finances Weaken in Europe, Moody's Says

The default-rate on high-yield companies in Europe may start rising, reversing a near-term trend of increased stability and improving industry outlooks, according to Moody’s Investors Service.

The European speculative-grade default rate declined to 5.8 percent at the end of June, Moody’s said. The New York-based firm expects the rate to fall to 1.4 percent by the end of the year, it said in a report today.

The default rate “will rise again as some more weakly positioned credits struggle to refinance without material debt restructuring and writedowns,” analyst Chetan Modi said in the report today. ...

Thursday, July 8, 2010

Moody's: European default rate falls to 5.8% - MarketWatch

Moody's: European default rate falls to 5.8% - MarketWatch

By Sue Chang

SAN FRANCISCO (MarketWatch) -- The European speculative-grade default rate fell to 5.8% in the second quarter from 7.3% in the first quarter, Moody's Investors Service said Thursday in a report. The rate was 7.4% at this time last year. Globally, the trailing 12-month global speculative-grade default rate slid to 6.1% from 10% in the previous quarter. Moody's expects the global speculative-grade default rate to fall to 2.4% by the end of this year, and then ease further to 1.8% by the second quarter of 2011, based on its default rate forecasting model.


MarketWatch Moody's: European default rate falls to 5.8%
Reuters Global junk default rate to fall below 2 pct-Moody's

Wednesday, June 23, 2010

Status of Algae Biofuel Industry at Philippines

Status of Algae Biofuel Industry at Philippines

Why Phillipines?

Philippines is one country which does a lot of work in biotech industry, specifically in agricultural biotechnology. The Philippines was the first country in Asia to approve the commercial cultivation of a genetically-modified Bt corn variety in December 2002. The country has so far approved 41 varieties of genetically-modified plants for use in the country. In the Philippines, There are several research institutions which work on developing transgenic crops for food. Some notable institutes are:

Friday, April 30, 2010

Buybacks, Tenders and Exchanges – A Distortion of the Default Rate

Buybacks, Tenders and Exchanges – A Distortion of the Default Rate

In the world of corporate bonds, the yield spread over the sovereign benchmark reflects the liquidity premium and, more importantly, investors’ compensation for default risk. Accurate measurement of default risk is critical in determining the required risk premium on bonds. But the official default rate, which is measured and published by rating agencies, can be subject to distortions because certain capital losses, corporate buybacks, tenders and exchanges may not be accurately represented in the default rate calculations. In a macroeconomic environment likely to be characterized by greater performance differentiation among credit markets, sectors and issuers, paying closer attention to these potential distortions will prove invaluable to the credit selection process. ...

Tuesday, April 13, 2010

Office letting market in Frankfurt 1st quarter 2010 in comparison to last nine years: Worst result after 2004

2010-04-12

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Germany | Property Markets, Commercial property: Office, estate agent
Office letting market in Frankfurt 1st quarter 2010 in comparison to last nine years: Worst result after 2004

Hessen: The total letting performance in Frankfurt in the 1st quarter 2010 is approx. 54,906 sqm office space. With this the office market has achieved its second-worst result since 2002: During the past nine years even less office space, 36,500 sqm, was transacted in the 1st quarter 2004.

http://www.immopro24.com/press-releases/office-letting-market-in-frankfurt-1st-quarter-2010-in-comparison-to-last-nine-years-worst-result-after-2004_20838.html

Thursday, April 8, 2010

Economy, Ben Bernanke


To avoid large and unsustainable budget deficits, the nation will ultimately have to choose among higher taxes, modifications to entitlement programs such as Social Security and Medicare, less spending on everything else from education to defense, or some combination of the above.

- Ben Bernanke, Speech given on Apr. 7, 2010 to the Dallas Regional Chamber of Commerce, "Economic Challenges: Past, Present and Future"

Friday, April 2, 2010

Melbourne Water moving to Docklands

Melbourne Water moving to Docklands
01 Apr 2010

Melbourne Water has committed to locate its new 12,100m² head office facility at 990 LaTrobe St, in the south east corner of Digital Harbour above the link road access to Etihad Stadium.

http://www.docklandsnews.com.au/editions/article/melbourne-water-moving-to-docklands_5228/