_Economy and Finance

Established Melbourne office market faces short term headwinds from Docklands and interstate departees: CBRE By Alistair Walsh Wednesday, 29 August 2012 The office market in Melbourne faces strong short term headwinds with the landmark projects in the Docklands precinct coming to market soon while major Melbourne tenants contemplate moving interstate, according to CBRE. http://www.propertyobserver.com.au/news/established-melbourne-office-market-faces-short-term-headwinds-from-docklands-and-interstate-departees-cbre/2012082956286

http://www.marinelink.com/ LNG Sabine Pass Terminal Contract Signed Press ReleaseThursday, December 27, 2012 Cheniere Energy Partners' subsidiary Sabine Pass Liquefaction signs a LNG sale and purchase agreement with Total Gas & Power North America.

COMMERCIAL PROPERTY INVESTMENT IN LONDON HITS FIVE-YEAR HIGH 27 Dec, 2012, London - Investment volumes for 2012 reach £13.57 billion - an increase of 25 per cent on 2011 - Highest level of investment since 2007 - City investment increases by more than a third http://www.cushwake.com/cwglobal/jsp/newsDetail.jsp?Language=EN&repId=c57000007p&Country=GB

S. Korea: Industrial Production (Nov 2012) Mole Hau - Market Economics Asian Instant Insight | 28 Dec 2012 04:22 | South Korean industrial data surprised significantly to the upside in November. The export-orientated electronics and auto sectors led the move higher as other components were broadly flat. With a fall in working days in December due to the Presidential election and Christmas holidays likely to have pushed forward production, the next release is likely to see some payback. The inventories/shipment ratio is also high and business confidence below average, suggesting overall production will remain below trend levels in the near term. We continue to expect a 25bp rate cut in January, as concerns over the health of the domestic economy outweigh evidence of improving conditions abroad.

$800 Million Loan Sought on Worldwide Plaza 12/21/2012 The owner of one of New York’s largest office towers is shopping for an $800 million fixed-rate loan. http://www.cmalert.com/headlines.php?hid=160163

U.S. Oil Services & Drilling: 2013 Outlook: The Mega-Cycle Rolls On Read the full report » The mega cycle for the oil services industry will continue in 2013, in our view, though it remains largely obscured by concerns over the "fiscal cliff" in the U.S., an unsteady recovery in China, the ongoing debt saga in Europe and depressed equity valuations globally. Despite the macro anxieties, the reason to own oil services stocks remains clear, in our view: the world is increasingly short energy, hydrocarbon prices are at attractive levels for investment and are likely to rise further, CAPEX on energy investments is growing and, as the bottleneck, the oil services companies are likely to capture the lion's share of the economic benefit of this unfolding trend. We remain bullish on the oil services, equipment and drilling companies and expect the group to significantly outperform the broader equity market over the next several years.

Dec 21, 2012, 5:00am CST M.D. Anderson snags prime tract in Energy Corridor Shaina Zucker Reporter- Houston Business Journal Alongside the bustling traffic on Interstate 10, an unscathed tract of land in the Energy Corridor has beckoned developers for more than four decades. http://www.bizjournals.com/houston/print-edition/2012/12/21/md-anderson-snags-prime-tract-in.html