Chinese still hungry for home grown equities
The News Review:
- Chinese still hungry for home grown equities
- Al-Qaeda resurgent six years on?
- ‘We are not safe’
- Did the State Department Hear What General Petraeus Said About Iran?
- Zenith Bank wins African Bank of the Year award
Chinese still hungry for home grown equities
CityWire.co.uk – Sep 11, 2007
Most commentators point to the sustained low rates of interest from Chinese banks as fuelling demand for domestic stocks where returns are currently far more lucrative than those achieved from prevailing bank rates. Williams De Broe head of research Jim Wood-Smith said: ‘Why should A shares be affected by what is going on elsewhere? The mainland exchanges are currently trading on 60 to 70 times and could fall by two thirds and still look pricey. ’
He believes there is no reason why many people will stop buying in at such high multiples in the near future. Some observers believe domestic demand could continue to drive the Chinese economy up by 12% annually for the foreseeable future with an estimated 5% inflation taking it to absolute growth of up to 17%.
Al-Qaeda resurgent six years on?
BBC News – Sep 11, 2007
So far this threat may have manifested itself most obviously in European countries, but the US continues to worry about operatives attacking the US or entering the US from Europe. Many European countries have visa-waiver agreements with the US, making it easier for their citizens to enter and easier for them to blend in. CIA director Michael Hayden reiterated last week that the US intelligence community strongly believed that al-Qaeda’s central leadership was “planning high-impact plots against the US homeland”. Al-Qaeda has “protected or regenerated key elements of its homeland attack capability” from its safe haven in Pakistan, he said.
‘We are not safe’
Charleston Post Courier – Charleston Post Courier (subscription) – Sep 11, 2007
” His warning was echoed by FBI Director Robert Mueller and Director of National Intelligence Michael McConnell, who said al-Qaida is planning to attack the United States again with the goal of producing mass casualties. They addressed the possibility such attacks might be launched by home-grown terrorists. Last week Osama bin Laden issued a video urging Americans to convert to Islam. Today, he plans to air the taped last will of Sept. 11 Saudi hijacker Abu Musab Waleed al-Shehri, according to the IntelCenter, a Virginia-based organization that monitors terrorist Web sites. DNI Director McConnell rightly urged Congress to renew expiring legislation that allows the United States to intercept terrorist communications and said such intercepts had helped German police break up a terrorist plot last week aimed at American military installations in Germany.
Did the State Department Hear What General Petraeus Said About Iran?
AINA – Sep 11, 2007
Petraeus’s:We have also disrupted Shia militia extremists, capturing the head and numerous other leaders of the Iranian-supported Special Groups, along with a senior Lebanese Hezbollah operative supporting Iran’s activities in Iraq. Foreign and home-grown terrorists, insurgents, militia extremists, and criminals all push the ethno-sectarian competition toward violence. Malign actions by Syria and, especially, by Iran fuel that violence. In the ensuing months, our forces and our Iraqi counterparts have focused on improving security, especially in Baghdad and the areas around it, wresting sanctuaries from al Qaeda control, and disrupting the efforts of the Iranian-supported militia extremists. In the past six months we have also targeted Shia militia extremists, capturing a number of senior leaders and fighters, as well as the deputy commander of Lebanese Hezbollah Department 2800, the organization created to support the training, arming, funding, and, in some cases, direction of the militia extremists by the Iranian Republican Guard Corps’ Qods Force. These elements have assassinated and kidnapped Iraqi governmental leaders, killed and wounded our soldiers with advanced explosive devices provided by Iran, and indiscriminately rocketed civilians in the International Zone and elsewhere.
Zenith Bank wins African Bank of the Year award
Nigerian Tribune – Sep 11, 2007
on Wednesday bagged the African Bank of the Year award for its impressive growth and investment strategy. Other African banks, funds managers and institutional investors swept the board at the awards ceremony held at the Lagos Civic Centre with accolades showered on them for their success in financing record breaking investments last year. Local fund managers, Helios Investment Partners, took home the Venture Capital Deal of the Year award for its innovative backing of the multi-country telecoms operator, AfricaTel. The awards for leadership showed Nigeria’s business talent in full glory, as Stella Okoli, Chief Executive Officer of Emzor Pharmaceuticals, was awarded the Businesswoman of the Year Award, and Alhaji Aliko Dangote, Chairman of the Dangote Group, received the Award for African Business Leader. Chairman of the judging panel, Dr Bamanga Tukur, said: “Africa clearly now has the resources, both human and financial, to compete and deliver successfully on groundbreaking ventures. The evidence of African private sector finance taking the lead in complex deals is a great step forward for the region and I am delighted that so many home-grown companies feature among this year’s award winners. “Africa today is gaining experience and capital from the international investment arena and bringing that expertise back home to plough into local markets… The awards for leadership showed Nigeria’s business talent in full glory, as Stella Okoli, Chief Executive Officer of Emzor Pharmaceuticals, was awarded the Businesswoman of the Year Award, and Alhaji Aliko Dangote, Chairman of the Dangote Group, received the Award for African Business Leader. Chairman of the judging panel, Dr Bamanga Tukur, said: “Africa clearly now has the resources, both human and financial, to compete and deliver successfully on groundbreaking ventures. The evidence of African private sector finance taking the lead in complex deals is a great step forward for the region and I am delighted that so many home-grown companies feature among this year’s award winners. “Africa today is gaining experience and capital from the international investment arena and bringing that expertise back home to plough into local markets. I extend my warmest congratulations to the winners. ” Property And Environment.