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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: