Bank of China, Construction Bank Start Curbing Credit

By Bloomberg News

Jan. 26 (Bloomberg) -- Chinese banks have begun restricting new loans, responding to a push by regulators to contain credit after a surge in lending in the first half of this month.

Bank of China Ltd. has stopped extending new corporate loans in the Shanghai area, except for clients who have repaid earlier borrowings, said a person familiar with the matter who declined to be identified. China Construction Bank Corp.’s branch in the city has been told to screen applications for personal loans and mortgages more carefully and to stop new lending once a monthly quota is met, another person said.

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Thailand - Three Scenarios For The Next Decade

BMI View: Thailand's political situation will remain highly volatile and it is difficult to envision political stability over the next few years. In the event of prolonged social unrest, we do not preclude another military coup occurring, although this would by no means resolve matters.

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Myanmar - Easing Of Sanctions In View As Regime Signals Release Of Suu Kyi

BMI View: We see an increased possibility of an easing of sanctions by the US following the holding of elections, most likely in H210, and the potential release of pro-democracy activist Aung San Suu Kyi after the polls. While an easing may be opposed by European capitals, we believe Washington will seek to continue its policy of engaging the regime and thus reduce China's growing influence.

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Power, Redesigned: Innovative Folding Power Plug Design

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FACTBOX - Repsol's boardroom conflict

By Andres Gonzalez and Clara Vilar (www.reuters.com)

MADRID, Jan 19 (Reuters) - Repsol (REP.MC)'s cash-hungry core shareholder Sacyr's (SVO.MC) desire for a more dividend-friendly chairman at the oil company has divided Repsol's board and called into question the future management of the company.

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SCENARIOS - Possible upshots of Repsol's boardroom spat

By Carlos Ruano and Andres Gonzalez (www.reuters.com)

MADRID, Jan 19 (Reuters) - Cash-hungry Spanish oil company Repsol (REP.MC) shareholder Sacyr's (SVO.MC) desire for a more dividend-friendly chairman at the oil company has greater implications than a mere boardroom reshuffle.

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Spain offers to mediate in Repsol-Sacyr conflict

7:25am EST (www.reuters.com)

* Minister offers to mediate between Sacyr and Repsol board
* Spain worried about damage to Repsol's reputation
* Sacyr was absent for chairman's vote of confidence on Fri

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Sacyr ignores the council convened in support of Repsol Brufau

SANTIAGO CARCER - Madrid -- 16/01/2010 (http://www.elpais.com)

The three directors of Sacyr Vallehermoso group Repsol YPF, Luis del Rivero, Juan Abello and Jose Manuel Loureda, yesterday ignored the extraordinary meeting of council convened on Wednesday by the president of the oil, Antonio Brufau, to seek the explicit support of management and their dependents. It was the great absence of a call in which Brufau got what he wanted in the short term: the unanimous backing of the rest of the council for its management and ratification in office.

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Repsol to keep boss, long-term strategy

Fri, Jan 15 2010 | By Carlos Ruano

* Board ratifies Brufau, strategic plan

* Rejects any actions to destabilise management

* Shareholder Sacyr did not attend board meeting

* Repsol shares close down 1.58 pct (Adds minister's quote, paragraphs 8 and 9)

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Brufau will have the support of the Council without closing the crisis

The Board of Directors of Repsol will ratify and confirm in his position as President to Antonio Brufau, who with this objective urgently convened the meeting.

 

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Repsol chief heads for showdown with critic

By Mark Mulligan

Published: January 14 2010 02:00 | Last updated: January 14 2010 02:00

After months of speculation, Antonio Brufau, executive chairman of Spanish oil and gas group Repsol, will tomorrow be forced to defend his job against one of his fiercest critics. Luis del Rivero, chairman of construction and property company Sacyr Vallehermoso, wants to unseat the oil boss as the first step in a plan to carve up the group and sell part of it to focus on the domestic refining operations.

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Hybrids make push into heavy equipment sector

January 8, 2010

Construction Corner | Korky Koroluk 

It took a decade of research and development, but the first diesel-electric bulldozer has been delivered to a customer — and he loves it. It will, he says, save his company money.

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Samsung presents world's first and largest transparent OLED laptop at CES

We have already seen some of the most interesting transparent gadgetsin the past, but the latest laptop concept by Samsung, showcased at the CES 2010, will definitely take you by surprise with its immaculate transparency. Featuring 14-inch OLED display, which when turned off becomes up to 40 percent transparent, the laptop concept is claimed to be the world’s first and largest transparent OLED laptop.

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Contrarian Investor Sees Economic Crash in China

by David Barboza
Friday, January 8, 2010

provided by the New York Times

James S. Chanos built one of the largest fortunes on Wall Street by foreseeing the collapse of Enron and other highflying companies whose stories were too good to be true.

Now Mr. Chanos, a wealthy hedge fund investor, is working to bust the myth of the biggest conglomerate of all: China Inc.

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Panasonic’s new home battery could store a week’s-worth of electricity

December 24, 2009 | Camille Ricketts

Panasonic is charging into the green space headlong — first with deals to supply batteries for electric and hybrid vehicles — and now announcing that it will launch a massive lithium-ion storage battery capable of powering an average home for up to a week, the company says.

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Light Touch interactive projector turns any flat surface into a touchscreen

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DRB-HICOM in Talks to Manufacture Hybrid Vehicles

Dec 31, 2009 | Source: thestar

DRB-HICOM Bhd is in talks with potential partners to manufacture hybrid/electric vehicles in Malaysia, with the company expecting to “finalise something” by next year, a senior company official said.

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USA: JCI battery plant expected to bring 550 jobs to Holland by 2014

HOLLAND — Resumes are pouring into Johnson Controls Inc. for what will be the site of its largest plant to produce lithium-ion batteries for electric cars.

Along with applications, the small staff at the Holland plant has been deluged with e-mails and calls from those trying to help cousins, friends and neighbors get a foot in the door.

“Everywhere I go, somebody says, ’I need to talk to you,’” plant manager Elizabeth Rolinski said last week in her first Press interview on the project.

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Countdown to Catastrophe

from BizarroBlog by Piraro

Bizarro is brought to you today by The End Of The World.

A lot of people wrote to "high five" me about this cartoon. It seems there is no shortage of folks annoyed by the gullibility of their family and friends regarding this latest threat to our survival. We humans are always looking for secret clues to the ultimate catastrophic ending, as though the universe were controlled by Dan Brown.

But it is an irresistible part of our nature as apes with huge, mutant brains: we take our natural instincts to spot patterns and guard against injury, and extend them to ludicrous degrees. My apologies to those readers who don't like hearing this, but in my opinion it is the very reason humans have always invented gods to explain the things we don't understand or can't comprehend. We live in a world with natural rules and order and when the facts of our existence fall outside of our understanding, a make-believe answer is more comforting than no answer at all. Most of us need to know that there is a Purpose to our existence and a destination beyond death.

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Petrobras: Robust Recovery for Brazil

By Nancy DeMarco (Article from here) 
Wednesday, December 23, 2009 

JERSEY CITY, N.J. – Brazil is a huge country with a healthy appetite for lubricants, consuming more than 1.3 million cubic meters (about 1.18 million metric tons) in 2008. While the market may shrink about 3 percent in 2009, expect demand to grow 2 to 3 percent annually from 2011 to 2020, a Petrobras official told the ICIS conference here.

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Dah Chong Hong and UMW Malaysia build a lubricants joint venture into the construction phase of the project

Source: Business Network Posted by: Roadside Agency

January 5, 2010

In 2008, according to foreign media reports, DCH also announced that a wholly-owned subsidiary of Dah Chong Hong Automotive Service Center, with UMW Holdings Berhad's wholly-owned subsidiary of UMW Corporation Sdn Bhd ([UMW]) signed a letter of intent joint venture in China to produce High-precision lubricating oil.

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Goldman Makes ‘Call of Decade’ by Promoting BRICs

By David Wilson

Dec. 31 (Bloomberg) -- Goldman Sachs Group Inc.’s forecast that Brazil, Russia, India and China would eventually eclipse the Group of Seven countries economically has been described as “the biggest market call of the decade.

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