Monday, March 3, 2008
Who is Akebono Matsu?
Posted by
Green Bucks for Us
0
comments
Asian markets sink on US recession worries
SEOUL, South Korea - Asian markets tumbled Monday as investors reacted nervously to a steep decline on Wall Street Friday after disappointing economic and corporate news renewed worries the US economy was sliding into a recession.
Japan's benchmark index sank 4 percent, while Australia's market fell 3 percent and key indices in South Korea and Hong Kong were down nearly that much.
Investors in Asia dumped shares after a series of depressing economic and corporate reports Friday out of the United States, a vital export market for Asia, sent the Dow Jones industrial average falling 315.79, or 2.51 percent, to 12,266.39.
The bad news included poor quarterly results from American International Group Inc. and Dell Inc. and weaker-than-expected results on the Chicago purchasing managers index.
In Tokyo, the benchmark Nikkei 225 stock index lost 4.01 percent to 13,057.09 points by midday.
Japanese stocks were also pushed down by the dollar's slide against the yen, which erodes earnings at the nation's vital exporters. The dollar fell to 102.92 yen, its lowest point since Jan. 28, 2005. By late morning in Tokyo, the dollar bought 103.04 yen, down from 103.96 yen late Friday in New York.
Asian markets, which have fallen much of the year so far, had staged a modest recovery through the middle of last week, but pessimism returned Monday.
Hong Kong's blue chip Hang Seng index plunged more than 3 percent at the opening. By late morning, it was down 2.6 percent at 23,698.65.
In Seoul, the Korea Composite Stock Price Index was down 2.9 percent to 1,662.29 in late morning trading. And in Sydney, the benchmark S&P/ASX200 index was down 3.1 percent to 5,401.2. - AP
Posted by
Green Bucks for Us
1 comments
Wall Street fall, NBN mess drag RP stocks 1.6%
MANILA, Philippines- Philippine share prices fell sharply on Monday as players went on a buying spree inspired by concerns over the United States economy and the political uncertainty in the domestic front, analysts said.
The 30-company Philippine Stock Exchange index dropped 50 points or 1.58 percent to 3,079.99 while the all-share index slipped 24.91 points or some 1.30 percent to 1,896.25.
Losers trounced gainer 67 to 29 while 42 stocks were flat. Volume traded reached 788.8 million valued at P2.59 billion.
Emmanuel Soller, EquitiWorld Securities stockbroker, said the Dow Jones' huge losses last Friday plus the political tension on demands by various sector for President Gloria Macapagal-Arroyo to resign pulled down the market.
"The Dow Jones and Asian markets were down and also with out political situation, it will probably test the 2,950 level," he said.
Wall Street lost 315.79, or 2.51 percent over the weekend on renewed concerns over a weakening US economy.
Soller added that if for the rest of the week, no other major political development will take place the bourse will continue its consolidation with a downward bias.
Telecommunications giant Philippine Long Distance Telephone Co. slid P100 or 3.45 percent to P2,800.Conglomerate Ayala Corp. declined P10 or 2.30 percent to P425.
Developer Ayala Land Inc. jumped P0.25 or 2.13 percent to P12.
Bank of the Philippine Islands, an Ayala Corp. unit, skidded P0.50 or 0.90 percent to P55.
Philex Mining Corp., the country's largest miner, rose P0.10 or 1.08 percent to P9.30.
source: Cheryl Arcibal,
GMANews.TV
Posted by
Green Bucks for Us
0
comments
RP BOP surplus falls 70% to $216M in Jan 2008
The country's balance of payments fell 70 percent to $216 million in January due to strong outflows during the month, the Bangko Sentral ng Pilipinas said Monday.
In its latest data release, the central bank highlighted, however, that the BOP stayed in surplus despite the year-on-year drop.
The overall BOP position is critical to the BSP, as it smooths foreign exchange volatility. A larger surplus gives the central bank better leverage to stabilize the peso's exchange rate against other currencies, particularly the US dollar.
The central bank said that during the month, inflows still outpaced outflows, of which the country's international reserves reached another record-high, surging by over $600 million from the previous month to $34.4 billion.
The GIR is expected to hit a record high of $35 billion to $37 billion in 2008, although the balance of payments surplus would drop to $3 billion to $3.5 billion. BSP Gov. Amando Tetangco Jr said he sees the BOP surplus to rise at a more moderate pace this year despite peaking forex reserves.
"We will be coming off a high base. Also, the assumption is that a large part of foreign exchange inflows will remain with banks to service the needs of their clients," Tetangco said. - GMANews.TV
Posted by
Green Bucks for Us
0
comments
Hackers recruit for local language skill
SAN FRANCISCO - Wanted: computer virus writers. Must be fluent in Mandarin. Or Russian. Or Portuguese.
These hacker help wanted ads are appearing on underground Internet channels as malicious code designers increasingly want programmers with foreign-language skills to help launch country-specific attacks, security vendor McAfee Inc. said in a report Thursday.
Hackers want to craft compelling and grammatically correct Web pages and spam e-mails — which are crucial in fooling people to download viruses or reveal personal information like credit card numbers, according to the report.
By localizing their attacks, hackers can better target software and sites popular in specific countries — such as peer-to-peer network applications in Japan, online gaming sites in China, and banks in Brazil. They can also limit their attacks to countries where law enforcement is more likely to be lax.
The report found that just 67 percent of spam is now written in English, a sign that broadband penetration in emerging markets has made attacks in non-English languages increasingly lucrative.
Attacks written in local languages aren't new, but the torrent of money flowing into criminal coffers from Internet attacks has made hackers increasingly sophisticated about lures that will work on their targets.
"It speaks to the underlying professionalism and understanding of business that we've seen in the past few years, and that we haven't seen in the past," said David Marcus, security research and communications manager with McAfee. "They're approaching malware as a business and are looking to build their businesses globally.
"Marcus added that hackers' recruitment pitches often take two forms: hackers looking to employ virus-writers to design spam and Web sites in local languages, and those hackers looking to trade malicious programs in different languages.
Hackers already have made progress in English-language spam, Marcus said. While three quarters were packed with typos and other errors just a few years ago, he said, only about 10 percent do so today.
"It doesn't take a huge investment in time to craft this stuff perfectly,"
he said. AP
Posted by
Green Bucks for Us
0
comments
the crying man in an autograph signing.. what for??
Posted by
Green Bucks for Us
0
comments
FG- Bagsak na naman ang rating??? editorial..
Posted by
Green Bucks for Us
0
comments
Another Fil-Am shines in Hollywood: T.V. Carpio
Posted by
Green Bucks for Us
0
comments



