Alas,the world's biggest brokerage firm Merrill Lynch & Co.(the bride) has found a suitor.The bridegroom has to fork out a hefty $5 billion,Asian chinese style marriage 'dowry".It's a pretty sweet deal at such an opportune time.A Christmas present!
Welcome to this small island city,also known as the "LION CITY".It is also the tail of the dragon extended from mainland China.Located in South East Asia just below Malaysia Peninsula and surrounded by the Indonesian Archipelago.
The new found homeland is none other than the Republic of SINGAPORE...SINGAPURA....新加坡...Сингапур...ประเทศสิงคโปร์...シンガポール...싱가포르...سنغافورة
The suitor is Temasek Holdings Pte Ltd---Set up in 1974 to run state assets, Temasek now has more than $100 billion of investments, including controlling stakes in seven of Singapore's 10 biggest publicly traded companies. It holds 28 percent of DBS, Singapore's largest bank.
Temasek, owned by Singapore's finance ministry, has notched up an 18 percent average annual return since its inception. It raised more than $800 million in the past month selling part of its stakes in China Construction Bank Corp. and Bank of China Ltd., the nation's second- and third-largest lenders.
Merrill climbed $1.17 to $55.67. Temasek's board has given preliminary approval for an investment in the firm, which is reeling from the biggest loss in its 93-year history.
http://www.temasekholdings.com.sg/
Have a wonderful Christmas at Singapore..this year's theme is "Christmas,it's all about love!"
English - Global
Tracking the Dow on Thursday 20/12/07.
Look at the half hour near closing bell!
It's Santa and his reindeers.The Christmas Yuletide has begun.
http://www.youtube.com/watch?v=IaxDGfA7evA
It's the MORNING STAR CANDLESTICK seen in chart below!!!
Evergreen:-"A Star Is Born"
http://www.youtube.com/watch?v=AxjOY0nVWtQ
Let's go carolling!
http://www.ylw.mmtr.or.jp/~johnkoji/hymn/xmas/