Ever since China opened its markets in the ’80s, America and the Middle Kingdom have been throwing jabs at each other. In fact, just yesterday, that a U.S. surveillance ship violated Chinese and international laws during patrols more than 100 miles off China’s coast.
Now we’re no experts on foreign affairs, but we do know there’s one thing that both our our countries can agree on: hot women! And with China’s 1.3 billion people, even if we assume only 1 percent of them are hot women, that’s still 10.3 million Chinese beauties out there. Which means coming up with a roster of the 9 hottest was kinda tough. Keep reading to find out who made the squad of the 9 Hottest Chinese Women …
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“The U.S. has the most competitive market with five major airlines competing with each other, so the economy product is often left behind,” says Wong. “The U.S. product in general is very good, but when compared to some international carriers, they aren’t as good.”
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The Times of London reported yesterday that Absa’s parent company, Barclays, had been cited for a breach of foreign exchange controls in SA between 2001 and 2004. A dossier outlining the claims was delivered to the SFO on Friday.
Absa said yesterday that it believed the case, which had been brought unsuccessfully in a South African court in 2004, had little merit, and the bank had yet to be served with papers.
It is understood that the matter relates to a case involving the liquidation of Viking Asset Management, when allegations of potential internal fraud were made. Absa defended the matter successfully in court, and was cleared of any wrongdoing.
It appears that Viking CEO Lance Coogan, who racked up huge losses when the company was liquidated in 2004, has revived the matter in the UK.Absa executive director Louis van Zeuner said yesterday he could confirm that no papers had been served on Absa or Barclays, and that the bank was aware only of what the British media had published.
However, Absa had made contact with and provided information to the Reserve Bank, and has also called a meeting of attorneys previously involved with the case.
The meeting would take place today, after which the group would be in a better position to comment on the matter, Van Zeuner said.
Gulf countries are expected to increase their international reserves substantially in 2010 as oil prices edge up, the International Monetary Fund (IMF) said in its regional economic outlook on Sunday.
Oil exporters in the Middle East and North Africa region are expected to increase their international reserve positions by over $100 billion (Dh367 billion) in 2010 as oil prices rebound, the IMF report said.
Turmoil
“The huge reserves built up by the Gulf oil exporters helped them to weather the impact of global financial turmoil better. The rebuilding of their international reserve positions as a result of the rising oil prices would help governments in the region maintain public spending, which will help them to mitigate the impact of global financial turmoil on their economies,” said Masoud Ahmad, Director of the Middle East and Central Asia Department of IMF.
The oil exporting Gulf economies are projected to grow 5.2 per cent in 2010 against a projected real growth of 0.7 per cent in their combined gross domestic product in 2009. While the oil-based GDP is expected to grow 5.5 per cent, the non-oil GDP is 4.4 per cent as inflation is projected at 3.8 per cent in 2010. The forecast for next year is based on an average oil price of $76.50 a barrel in 2010, the IMF said yesterday.
FX Solutions has been a staple in the Middle East and the Gulf States since 2001. We maintain a full range of retail and Introducing Broker services in Arabic, including our trading platform, website, documentation and customer support. All FX Solutions client funds are retained in top-rate banking institutions in accordance with strictest regulatory supervision.
The Canadian Dollar may not be affected by the Dubai situation. The CAD is doing well due to the fact that its economy is out of recessio


My Mexican Peso FOREX call option is finally moving in the right direction. I have the The XDM is the Mexican Peso against the US Dollar and the options for the are traded at the NASDAQ’s Philadelphia exchange. My purchase price is $450 premium per call option contract and currently the options are trading at a premium over $500 per contract looking higher.
The interesting thing here is that the XDM is currently trading at around $78.65 as of this writing. So, the call options are in the money and actually have a intrinsic value of $565 per contract. But given the vagaries of the Mexican economy, the market does not give it much premium. Hence the call option premiums are riding around the intrinsic value. The good news in this is that with every $1 move in the XDM index value, my call option premium will at least move by $100 premium per contract. That will equate with at least a 20% gain for every $1 move in the Index value.
The leverage of options at play again!
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