Sunday 30 December 2012

Top Marques 2013 in Monaco

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http://www.topmarquesmonaco.com/news/newsletter/

PRESS RELEASE - December 17, 2012 

It’s that time of year to muse on what one has done the past 12 months. In contrast, Top Marques Monaco, although still giddy from an excellent show this April, is firmly focused on the future – our 10th anniversary edition taking place 18-21st April 2013. We’re proud to have in our pocket four pioneering supercar brands who will host their world premiere launches next year. More launches to be announced early next year as the leading engineers finish the final touches to their visionary designs for the next generation of high performance supercars. 

Success breeds success and so at the risk of being too pretentious we are delighted to end the year on a high and start 2013 running. Tongues are wagging as word spreads of new supercars and new test drives on the closed Monaco Grand Prix circuit scheduled during for the four days of Top Marques Ten. We reign supreme as the industry choice for launching cutting-edge new models because the show is the only car exhibition where visitors can: See it, Drive it and Buy it in such prestigious and thrilling surroundings. Top Marques is also an event for luxury products that excel in their domain and for our 10th anniversary we promise a myriad of exceptional lifestyle objects and services in the special dedicated space the Diaghilev in the Grimaldi Forum including Linley Furniture, Franck Muller, Boulle Rough Diamonds, Harold Scherman, Chapal, Mercedeh-Shoes, Savoir Beds and ArteinMotion. 

We are delighted to welcome onboard our new Gold Partner, LINLEY, the distinguished British design company founded by Chairman David Linley, which prides itself on its dedication to the pursuit of excellence in the design and creation of fine furniture, interior design and accessories. Also, fittingly with our history of superboat exhibitors we welcome to the event Liveras Yachts, the number one superyacht ‘owner-operator’ charter company, with 25 years’ experience in vacations and recommended by the world’s leading travel agents and media. 

Someone who is reminiscing about the past is our founder Lawrie Lewis who recently left the company to appreciate the delights of retirement. We wish him our very best for the future and offer our thanks for creating this ground-breaking show and for his hard work which has resulted in the show attaining the reputation it enjoys today. 

Over the holidays think about booking your hotel to ensure your visit to the most exclusive live supercar show in the world: With one click our official partner Monaco Check In will handle arrangements for your stay. Visitors to the show as well as our exhibitors can take advantage of specially negotiated packages for hotels during a stay in the Principality of Monaco. It’s surely a wish come true for someone you know. 

Season’s Greetings from the Top Marques team! 

Saturday 29 December 2012

Partridge 1885 at the Monaco Boatshow - Mining The Rarest Diamonds

Partridge

MINING THE RAREST DIAMONDS

The Boulle Mining Group

For decades, the name ‘Boulle’ has been synonymous with mining minerals, metals and precious stones. Boulle Rough Diamonds marks the latest venture for the renowned Boulle Mining Group, the diversified investment group founded by Jean-Raymond Boulle. Known for its dynamism and expertise, Boulle Mining Group partners with some of the largest global institutions and conglomerates to discover, finance and develop mineral deposits throughout the world.

Such a rich and illustrious mining heritage gives Boulle Rough Diamonds pride of place in the industry, with direct access to the world’s primary diamond mines, either directly or through its mining partnerships.

Our unbeatable global reach means we have the finest resources available to find our clients the gem of their dreams.

Saturday 22 December 2012

'Marikana' Ramaphosa gets Mandela marketing by South African Press

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'The blight on Ramaphosa's reputation now is his conduct around the events building up to the massacre at Marikana in August. Ramaphosa is a shareholder in Lonmin, whose workers embarked on a wildcat strike for higher wages, which then led to the police shooting of striking mineworkers. Early next year he is set to testify before the commission of inquiry into the massacre after his communication with government leaders and Lonmin executives was revealed at the commission. In one damning email, he called for "concomitant action" against the "criminal" protesters, which is perceived to be one of the reasons the police reacted with excessive force against the strikers, leaving 34 of them dead and 78 injured.

Ramaphosa also courted controversy by bidding R18-million for a buffalo, which was perceived to be a crass display of his affluence. He has since apologised for this...'

Source : http://www.guardian.co.uk/world/2012/dec/20/cyril-ramaphosa-return-nelson-man...

Tuesday 11 December 2012

Reuters : Where are We with Too Big To Fail?

The thing about Too Big to Fail financial firms is that they tend to be Too Big to Fail in several countries at once. Hence, the "shared strategy" laid out in a new joint paper from of the FDIC and the Bank of England that aims to protect taxpayers from paying for the rescue of gigantic multinational corporations.

Even if it’s just a set of principles, any sort of action on cross-border resolution has been a long time coming. As Simon Johnson has pointed out, the IMF has been pushing for at least a decade for some method of unwinding international financial firms.

The new strategy, summarized in this FT op-ed, has some clear improvements over crisis-era handling of TBTF firms. The company's home regulator would take control of the firm (lucky them), shareholders and unsecured creditors would be forced to take losses (slow clap), and senior management would be removed (rousing applause). Liquidity would be parceled out by regulators to newly spun-off divisions and any taxpayer losses could be recovered from the financial sector -- though it's not quite clear how.

The FDIC-BoE approach -- like this 2010 IMF proposal -- also calls for something like a Pause button for derivatives contracts; a "stay of termination rights" would temporarily prevent counterparties from being paid out after a TBTF firm fails.

Regulators are taking another welcome step to protect taxpayers from TBTF: enforcing existing regulations on foreign companies. Shahien Nasiripour and Brooke Masters pick up on a recent speech by the Fed's Daniel Tarullo which suggests regulators may soon force foreign subsidiaries to actually obey local capital requirements. The idea is to keep banks’ subsidiaries from posing a risk to domestic taxpayers. Larry Fink, the CEO of BlackRock, apparently isn’t happy about this:

 “If that is the new strategy among regulators, it really throws into question this whole globalisation of these firms,” he said at a conference last week. “It also means each country for themselves. I wouldn’t call it a trade war, but I would certainly call it a high level of protectionism.”

None of this is going to be easy, especially if more than one TBTF firm fails at once. As one former Fed regulator said last year: “Citibank is a $1.8 trillion company, in 171 countries with 550 clearance and settlement systems”. Try resolving that in the middle of a crisis. -- Ryan McCarthy

On to today’s links:

Liebor
The EU is expected to accuse multiple banks of fixing LIBOR’s “lesser known cousin” - WSJ

Tax Arcana
Google saves about $2 billion per year using Bermuda tax shelters - Jesse Drucker

Billionaire Whimsy
3 people say Bloomberg is pondering buying the “bisque-colored” FT - NYT

The Singularity
The Robot Economy and the new rentier class - Izabella Kazminska

Hard Landings
China is the world’s new Rust Belt as it faces “decades of de-industrialization” - Forbes
On the other hand, China’s factory output just hit an 8-month high - Reuters

Wonks
Goldman’s top economist talks about the coming US rebound - Joe Weisenthal

Failure
The world’s deadliest road got even worse when the World Bank stepped in - Guardian

Your Retirement Plans
"Work is wage slavery and...retirement is freedom" - Stumbling and Mumbling

Cartography
Where the pirates are - Business Insider

Awesome
Paul Krugman on Isaac Asimov and the promise of social science - Guardian

Wonks
Chinese corruption in a (US) historical context - Tyler Cowen

Old Normal
When the US Army settled labor disputes - Bloomberg

Alpha
"The best-case scenario for bonds is the worst-case scenario for stocks" - Whitebox Advisors

Charts
The labor force is shrinking because of demographics - Calculated Risk

New Normal
"Sperm counts are plummeting across the industrialised world" - Economist

Apple
Apple's new map system sends travelers to Australian National Park instead of city - Victoria Police News

Revealed
The secret sex of cheese - Molecular Love

 

 

Follow us on Twitter and FacebookAnd, of course, there are many more links at Counterparties.

 

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Monday 3 December 2012

FSA delays platform rule changes

Investors_europe_stock_brokers

'The FSA has delayed the implementation of rule changes for platforms amid concerns over the tax treatment of rebates.

In June, the FSA confirmed its intention to ban cash rebates and payments between fund managers and platforms but said unit rebates will be allowed to continue...'

Source : http://www.moneymarketing.co.uk/1062660.article?