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Old 2013-11-01, 12:13   Link #10761
SaintessHeart
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Join Date: Nov 2007
Age: 35
Singapore's top bank: We got our Fed call wrong

Quote:
The Federal Reserve's September surprise, which postponed the tapering of its asset purchases, dented otherwise solid earnings at two of Singapore's banks.

OCBC (Singapore Exchange: OCBC-SG)and DBS (Singapore Exchange: DBSM-SG), two of Singapore's banking trio, reported solid earnings Friday, beating analysts' expectations amid solid lending growth and resilient asset quality, but both noted taper-related dents to trading and Treasury income. UOB is due to report earnings on November 5.

"We basically got the call on Fed tapering wrong. We were quite sure that there would be Fed tapering in September and effectively positioned for that," said Piyush Gupta, CEO of DBS, at a press conference. "We put on hedges on some of our Treasury positions. Clearly, when the Fed didn't taper and rates went the wrong way, our hedges started going out of the money," he added.

"While we were conservative from a liquidity management standpoint, that also put some pressure on our income for the quarter," Gupta said.

While Gupta didn't say if DBS had reversed the trades, he said, "I don't think that the Fed is likely to taper anytime soon," noting "if you look at the (U.S.) data coming through, it's not that strong."

The U.S. economy "is sort of slowing and then you have the uncertainties coming from the politics," he said.

(Read more: How dangerous Is Singapore's soaring household debt? )

DBS reported its Treasury-related revenue for September fell to S$104 million, from S$178 million in August and S$171 million in July, driven primarily by a drop in its trading income.

But the bank still reported net profit for the third quarter came in at S$862 million, up 1 percent from the year-earlier period, with higher allowances offsetting income increases. Analysts had expected net profit of around S$828 million, according to a Reuters poll.

But the quarterly net profit fell 3 percent from the second quarter on the decline in trading income. The net interest margin slipped to 1.60% in the third quarter from 1.67% in the year-earlier period and 1.62% in the second quarter.

CIMB said the results were in line with its expectations.

(Read more: Will DBS, Danamon deal collapse curb Indonesia M&A? )

"The results were not impressive but not worrying, either," CIMB said in a note. "Earnings quality was good since the results were driven by core-banking revenue," it said. "Asset quality is sound and there are no cost pressures."

OCBC also noted an earnings dent from Fed's 'non-taper,' with its net trading income for the quarter falling to S$47 million from S$144 million a year earlier and around S$90 million in the second quarter.

"The challenging market conditions associated with the uncertainty over the timing of the U.S. Federal Reserve's tapering of bond purchases have reduced our income contribution from trading and market-related activities," Samuel Tsien, OCBC's CEO, said in a statement.

Overall, OCBC's earnings were still resilient, with third quarter net profit of S$759 million; analysts had expected S$642 million, according to a Reuters poll. Excluding a one-time S$1.13 billion gain in the year-earlier period from the sale of OCBC's stakes in Fraser & Neave and Asia Pacific Breweries, net profit was up around 5 percent from the year-earlier period.
Yellen has yet to take her seat and they want to hedge against it already? How long have these nuts been observing the US politics?
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When three puppygirls named after pastries are on top of each other, it is called Eclair a'la menthe et Biscotti aux fraises avec beaucoup de Ricotta sur le dessus.
Most of all, you have to be disciplined and you have to save, even if you hate our current financial system. Because if you don't save, then you're guaranteed to end up with nothing.
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Old 2013-11-02, 09:19   Link #10762
MrTerrorist
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Join Date: Oct 2008
Location: Classified
Zombie Game Creator Defends Allowing Players To Kill Undead Children

This reminds during Highschool of the Dead where Saeko almost froze after seeing zombie children and unable to kill them before Takashi saved her.

So some feel making the player face and possibly kill zombie children is too far? I played Silent Hill 1 where my player had to fight demon children and turn out fine since i knew it those enemies aren't real.
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Old 2013-11-02, 09:44   Link #10763
TheSix
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So um, hey, this happened.

http://observer.com/2013/10/terrifyi...ally-finished/

:v
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Old 2013-11-02, 09:50   Link #10764
MrTerrorist
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Location: Classified
Offer it cowbells!
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Old 2013-11-02, 11:03   Link #10765
sa547
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Age: 47
Quote:
Originally Posted by ganbaru View Post
Calif. city's bid to close Sriracha plant denied
http://hosted.ap.org/dynamic/stories...10-31-17-52-09
I've seen worse coming from chemical factories... Well, I'll have to save up to get a bottle of Sriracha.
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Old 2013-11-02, 11:13   Link #10766
ganbaru
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Join Date: Dec 2007
Location: Betweem wisdom and insanity
Quote:
Originally Posted by sa547 View Post
I've seen worse coming from chemical factories... Well, I'll have to save up to get a bottle of Sriracha.
Look like you might not have to do so:
http://hosted.ap.org/dynamic/stories...10-31-17-52-09
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Old 2013-11-02, 14:23   Link #10767
Shyni
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Britney Spears music used to Ward of Somali pirates. Seriously.
Quote:
The "Toxic" singer's catchy early hits like "Oops! I Did It Again" and "...Baby One More Time" have been used by naval officers to ward off Somali pirates off the east coast of Africa.

"Her songs were chosen by the security team because they thought the pirates would hate them most," Merchant Navy Second Officer Rachel Owens, who works on supertankers, told Metro UK.
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Old 2013-11-02, 14:31   Link #10768
Xellos-_^
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Quote:
Originally Posted by Shyni View Post
I am guessing using Barney friend song would be consider a Crime against Humanity.
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Old 2013-11-02, 14:32   Link #10769
Anh_Minh
I disagree with you all.
 
 
Join Date: Dec 2005
... Shouldn't there be an addendum to the Geneva Convention or something?
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Old 2013-11-02, 14:36   Link #10770
Shyni
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According to this piece, one of Barney's songs was used... in Guantanamo Bay.
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Old 2013-11-02, 15:23   Link #10771
AnimeFan188
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Man dies after pit bull bites off testicles:

http://www.upi.com/Top_News/World-Ne...0941383418028/
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Old 2013-11-02, 20:45   Link #10772
ganbaru
books-eater youkai
 
 
Join Date: Dec 2007
Location: Betweem wisdom and insanity
Dell laptop buyers make a stink over cat smell
http://hosted.ap.org/dynamic/stories...10-31-14-54-14

Ohio man pops the question with pumpkins
http://hosted.ap.org/dynamic/stories...11-01-07-28-57
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Old 2013-11-04, 09:15   Link #10773
MrTerrorist
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Robbery At "MaiDreamin" Maid Cafe In Akihabara

Oh no you didn't! No one robs Maid cafes!
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Old 2013-11-04, 12:37   Link #10774
AnimeFan188
Senior Member
 
Join Date: Jan 2008
RIAA Uses Pirated Code on Its Website Because of Course It Does:

"Following copyright infringement by the Obama Administration on HealthCare.Gov last
month, TorrentFreak investigated the websites of major copyright watchdogs like the
RIAA and British Phonographic Industry to see if they had any infringing code of their
own. Of course they did:"

See:

http://gizmodo.com/riaa-uses-pirated...rse-1458103516
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Old 2013-11-04, 13:02   Link #10775
Xellos-_^
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Join Date: Nov 2003
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Quote:
Originally Posted by AnimeFan188 View Post
RIAA Uses Pirated Code on Its Website Because of Course It Does:

"Following copyright infringement by the Obama Administration on HealthCare.Gov last
month, TorrentFreak investigated the websites of major copyright watchdogs like the
RIAA and British Phonographic Industry to see if they had any infringing code of their
own. Of course they did:"

See:

http://gizmodo.com/riaa-uses-pirated...rse-1458103516
i loath patent trolls in general but i love to see them go after sites like the RIAA.
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Old 2013-11-04, 15:04   Link #10776
SaintessHeart
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Join Date: Nov 2007
Age: 35
Quote:
Originally Posted by MrTerrorist View Post
Robbery At "MaiDreamin" Maid Cafe In Akihabara

Oh no you didn't! No one robs Maid cafes!
Don't they have a maid who is able to throw knives and pad- *knifed*
__________________

When three puppygirls named after pastries are on top of each other, it is called Eclair a'la menthe et Biscotti aux fraises avec beaucoup de Ricotta sur le dessus.
Most of all, you have to be disciplined and you have to save, even if you hate our current financial system. Because if you don't save, then you're guaranteed to end up with nothing.
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Old 2013-11-04, 15:37   Link #10777
Ithekro
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Join Date: Feb 2008
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Age: 46
Were they stealing maid outfits?
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Old 2013-11-04, 15:55   Link #10778
ganbaru
books-eater youkai
 
 
Join Date: Dec 2007
Location: Betweem wisdom and insanity
Alligator found under escalator at Chicago airport
http://hosted.ap.org/dynamic/stories...11-03-11-50-17

Psychics say soothsaying laws unfair to believers
http://hosted.ap.org/dynamic/stories...11-04-07-36-14
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Old 2013-11-07, 06:22   Link #10779
JokerD
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Join Date: Nov 2003
Microsoft Flaunts Original Anime Character for IE11

Quote:
In conjunction with the launch of IE (Internet Explorer) 11, Microsoft Singapore today unveiled Inori Aizawa (藍澤 祈), an original anime character whose backstory symbolizes the browser's transformation into a contemporary browser. A special anime version of IE11 featuring Inori will also be made available for download starting today.


Image source: Microsoft Singapore.

Created by local art enthusiast group Collateral Damage Studios (CDS), Inori will make her animation debut at AFA (Anime Festival Asia) 2013, happening at the Suntec Convention & Exhibition Centre from tomorrow, the 8th, till the 10th November. Fans and Japanese culture lovers can also look forward to a locally produced animation video detailing Inori's transformation from a ragtag past to a modern, attractive, and powerful young lady, mirroring the story of the maturation of the IE browser from past to present and beyond.

An early version of Inori Aizawa’s character was posted online by local art enthusiast group Collateral Damage Studios to their Facebook page earlier in March 2013, partly as a challenge to their own skills. Within a few days, the post was rapidly picked up and shared all over Facebook. Encouraged by this initial success, CDS fleshed out their concept and Inori was born, drawing more than 20,000 likes and comments and close to 2,000 shares across all of Facebook.

This initial success led to an extended partnership between Microsoft Singapore and the Studio to officially adopt the character as a mascot for IE. Additionally, Microsoft also partnered with Nanyang Technological University’s CACANi Animation to develop a short two-minute promotional video introducing Inori. Giving life to Inori is Valerie from Asian Pop Collective, a new and upcoming Asian pop idol group, who will also be cosplaying as the character herself at AFA 2013.
... Still not gonna use it though...
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Old 2013-11-07, 06:29   Link #10780
Lord of Fire
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Age: 47
She looks very cute, I'll give 'em that.

Still won't make me want to use the browser, though.
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