27th April 2012
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inQic
Bursa berserker
nsriza
peanut
locomania
sun
kppl
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maxlee9327
phoenix777
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Re: 27th April 2012
hii morning
Spain downgraded by S&P
By James O'Toole @CNNMoneyInvest
April 26, 2012: 6:29 PM ET
[You must be registered and logged in to see this image.]Spain is struggling with a contracting economy and massive unemployment.
NEW
YORK (CNNMoney) -- Standard & Poor's downgraded Spain's credit
rating by two notches on Thursday, the latest sign Europe's debt crisis
is once again gathering force.
S&P said the downgrade, from A
to BBB+, "reflects our view of mounting risks to Spain's net general
government debt as a share of GDP in light of the contracting economy."
In
particular, the credit rating agency cited drags on growth including
declining incomes, private-sector deleveraging and the implementation of
the government's austerity program. It also raised concern that the
government may be forced to provide further support to the country's
ailing banking sector.
Spain recently disclosed
that its 2011 budget deficit was much larger than expected and warned
that the government may not meet its fiscal targets for 2012.
Europe's debt crisis rears its ugly headPrime
Minister Mariano Rajoy, in power since December, has proposed a €27
billion austerity program. But the Spanish economy, which is suffering
from high unemployment and problems in the banking sector tied to the
real estate market, has slipped back into recession.
While the authorities say Spain can avoid a bailout, yields on Spanish bonds have risen sharply recently as investors fear the nation will require some sort of external support.
Despite
the current difficulties, S&P said the Spanish government "has been
front-loading and implementing a comprehensive set of structural
reforms, which should support economic growth over the longer term." The
agency pointed to labor market reforms that it said will make wages
more flexible and support employment growth in the future.
Spain
is now rated at the same level as fellow fiscally-troubled states
Ireland and Italy. S&P said it expects Spain's GDP to contract by
1.5% in 2012 and 0.5% in 2013. [You must be registered and logged in to see this image.]
First Published: April 26, 2012: 6:23 PM ET
Spain downgraded by S&P
By James O'Toole @CNNMoneyInvest
April 26, 2012: 6:29 PM ET
[You must be registered and logged in to see this image.]Spain is struggling with a contracting economy and massive unemployment.
NEW
YORK (CNNMoney) -- Standard & Poor's downgraded Spain's credit
rating by two notches on Thursday, the latest sign Europe's debt crisis
is once again gathering force.
S&P said the downgrade, from A
to BBB+, "reflects our view of mounting risks to Spain's net general
government debt as a share of GDP in light of the contracting economy."
In
particular, the credit rating agency cited drags on growth including
declining incomes, private-sector deleveraging and the implementation of
the government's austerity program. It also raised concern that the
government may be forced to provide further support to the country's
ailing banking sector.
Spain recently disclosed
that its 2011 budget deficit was much larger than expected and warned
that the government may not meet its fiscal targets for 2012.
Europe's debt crisis rears its ugly headPrime
Minister Mariano Rajoy, in power since December, has proposed a €27
billion austerity program. But the Spanish economy, which is suffering
from high unemployment and problems in the banking sector tied to the
real estate market, has slipped back into recession.
While the authorities say Spain can avoid a bailout, yields on Spanish bonds have risen sharply recently as investors fear the nation will require some sort of external support.
Despite
the current difficulties, S&P said the Spanish government "has been
front-loading and implementing a comprehensive set of structural
reforms, which should support economic growth over the longer term." The
agency pointed to labor market reforms that it said will make wages
more flexible and support employment growth in the future.
Spain
is now rated at the same level as fellow fiscally-troubled states
Ireland and Italy. S&P said it expects Spain's GDP to contract by
1.5% in 2012 and 0.5% in 2013. [You must be registered and logged in to see this image.]
First Published: April 26, 2012: 6:23 PM ET
inQic- Member
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Re: 27th April 2012
sifu is back wohoooooooooooooooo
sifu wht u doing these days?
sifu wht u doing these days?
phoenix777- Moderator
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Re: 27th April 2012
sifu any chance for u to join us in KL for gathering???
phoenix777- Moderator
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Re: 27th April 2012
phoenix777 wrote:sifu any chance for u to join us in KL for gathering???
sifu log off [You must be registered and logged in to see this image.]
phoenix777- Moderator
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Re: 27th April 2012
im chillingggggggggggggggggg
phoenix777- Moderator
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Re: 27th April 2012
phoenix, actually what u do in KL? study wat?
sun- Consulting Member
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Re: 27th April 2012
sun wrote:phoenix, actually what u do in KL? study wat?
he getting PHD....Dr Goreng next time have to call him
kppl- Senior Member
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Re: 27th April 2012
kppl80 wrote:sun wrote:phoenix, actually what u do in KL? study wat?
he getting PHD....Dr Goreng next time have to call him
sun- Consulting Member
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sun- Consulting Member
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Re: 27th April 2012
sun wrote:[You must be registered and logged in to see this image.]
well said
phoenix777- Moderator
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Re: 27th April 2012
Guys, DRB?
nitezshiro- Member
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Re: 27th April 2012
nitezshiro wrote:Guys, DRB?
premium high din notice also...but looks like moved liao wo...
kppl- Senior Member
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Re: 27th April 2012
nitezshiro wrote:Guys, DRB?
dont have access to trading platform [You must be registered and logged in to see this image.]
phoenix777- Moderator
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phoenix777- Moderator
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Re: 27th April 2012
phoenix u go KL is to attend bersih 3.0 ??????
joker- Junior Member
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Re: 27th April 2012
joker wrote:phoenix u go KL is to attend bersih 3.0 ??????
nope........phoenix nt so noble else he is investor d [You must be registered and logged in to see this image.]
phoenix777- Moderator
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Re: 27th April 2012
Halo all ... i'm back finally [You must be registered and logged in to see this image.]
WinningHeart- Consulting Member
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Re: 27th April 2012
WinningHeart wrote:Halo all ... i'm back finally [You must be registered and logged in to see this image.]
wow man....MIA so long...how's it goin?
kppl- Senior Member
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Re: 27th April 2012
kppl80 wrote:WinningHeart wrote:Halo all ... i'm back finally [You must be registered and logged in to see this image.]
wow man....MIA so long...how's it goin?
Ya wor ... full force on client side for support these few days ... everyday work till very late like hell [You must be registered and logged in to see this image.]
WinningHeart- Consulting Member
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Re: 27th April 2012
phoenix777 wrote:joker wrote:phoenix u go KL is to attend bersih 3.0 ??????
nope........phoenix nt so noble else he is investor d [You must be registered and logged in to see this image.]
joker- Junior Member
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Re: 27th April 2012
wow .. drb .. in market downtime like this .. there are always some gila gila chiong counter [You must be registered and logged in to see this image.]
WinningHeart- Consulting Member
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Re: 27th April 2012
WinningHeart wrote:wow .. drb .. in market downtime like this .. there are always some gila gila chiong counter [You must be registered and logged in to see this image.]
welcome back
long time never see bb counter move so many bids
kppl- Senior Member
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Re: 27th April 2012
hi guys!.......howdy
ejam77- Senior Member
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Re: 27th April 2012
ejam77 wrote:hi guys!.......howdy
so much red....like horror movie...ape macam?
kppl- Senior Member
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