GLOBAL MARKETS-Asian stocks hit 2009 highs, U.S. dollar skids

Asian shares swept to their highest levels for 2009 on Wednesday after upbeat U.S. economic news boosted riskier assets leveraged to global growth, while the U.S. dollar slipped to a one-year low.
Commodities also benefited from the wave of optimism, with gold spiking to an 18-month high above $1,016 an ounce and crude oil briefly climbing above $71 a barrel.
Most major Asian stock indexes posted gains of 1 percent or more in the wake of Tuesday's strong reading on U.S. retail sales, with exporting countries leading the way.
South Korea's KOSPI climbed 1.8 percent to a 15-month closing peak, while Australia's resource-packed S&P/ASX 200 index jumped 2.4 percent to an 11-month high.
'The sentiment is phenomenal. Right across the board it's green as a vegetable garden in spring,' said Michael Heffernan, senior client adviser and strategist, Austock Group in Sydney.
'It's chalk and cheese compared to a year ago when there was no confidence. Now people are gradually getting confidence back. The sentiment and the ambience of the market is decidedly upbeat,' he said.
While Heffernan was referring to the Australian market, his sentiment seemed to be shared across the region.
The MSCI index of Asia-Pacific shares excluding Japan rose 2.1 percent to its highest this year. The MSCI benchmark is now up about 53.5 percent for the year.
Investors even managed to look past a 1 percent decline in the volatile Shanghai market, virtually the only regional market to ease on Wednesday.
Japan's benchmark Nikkei added a more modest 0.5 percent, restrained in part by uncertainty over the economic policies of the new government.
Japan's new prime minister, Yukio Hatoyama, takes office on Wednesday and is set to announce his cabinet line-up after a huge election win.

Forex 101 - Introduction to Foreign Exchange

Foreign Exchange is an international financial market place where money is sold and bought freely. It is a non-stop cash market where you speculate on changes in exchange rates of foreign currencies. Forex operates through a global network of banks, corporations and individuals trading one currency for another but has no physical location and no central exchange not just like other financial markets.
The Forex market spans from one zone to another in all major financial centers on a 24- hour basis since it has no physical exchange. Since there is no centralized exchange for currencies to be sold or bought, forex is considered to be an over- the counter market or what is called OTC. Banks and forex dealers are connected around the world via internet, fax and telephone to form the Forex market. Read through this article, introduction to forex, in order to know more about forex trading as well as its purpose and many more. Learning forex enables us to know some forex terms, codes, numbers and definitions. Forex trading 101 or the introduction to forex trading will enable us to know how forex works and how to make money with currency trading on forex.
The foreign exchange market began in the 1970's when free exchange rates and floating currencies were introduced. Before retail investors can access the foreign exchange market through banks that transacted large amounts of currencies for commercial and investment purposes. After exchange rates were allowed to float freely in 1971, trading volume has increased rapidly over period of time. Now the Foreign Exchange Market that we see made importers and exporters, international portfolio managers, multinational corporations, speculators, day traders, long-term holders and hedge funds all use the Forex market in order to pay for goods and services, transact in financial assets or to reduce the risk of currency movements by hedging their exposure in other markets.

Market participants

Unlike a stock market, where all participants have access to the same prices, the foreign exchange market is divided into levels of access. At the top is the inter-bank market, which is made up of the largest investment banking firms. Within the inter-bank market, spreads, which are the difference between the bid and ask prices, are razor sharp and usually unavailable, and not known to players outside the inner circle. The difference between the bid and ask prices widens (from 0-1 pip to 1-2 pips for some currencies such as the EUR). This is due to volume. If a trader can guarantee large numbers of transactions for large amounts, they can demand a smaller difference between the bid and ask price, which is referred to as a better spread. The levels of access that make up the foreign exchange market are determined by the size of the "line" (the amount of money with which they are trading). The top-tier inter-bank market accounts for 53% of all transactions. After that there are usually smaller investment banks, followed by large multi-national corporations (which need to hedge risk and pay employees in different countries), large hedge funds, and even some of the retail FX-metal market makers. According to Galati and Melvin, “Pension funds, insurance companies, mutual funds, and other institutional investors have played an increasingly important role in financial markets in general, and in FX markets in particular, since the early 2000s.” (2004) In addition, he notes, “Hedge funds have grown markedly over the 2001–2004 period in terms of both number and overall size” Central banks also participate in the foreign exchange market to align currencies to their economic needs.

WB to give Pakistan $350m for 3 projects

ISLAMABAD: World Bank will give USD 350 million loan to be spent on promoting higher education, social security projects and the improvement of water resources, Geo News reported Tuesday. Government of Pakistan and World Bank signed three agreements in this connection here at Economic Affairs Division. According to the agreements, $200 million would be spent on developing social security net, $100 million on promoting higher education and remaining $50 million on development of irrigation system in Sindh.

Asian stock markets narrowly mixed

HONG KONG: Asian markets were narrowly mixed Tuesday after Wall Street shrugged off trade tensions between the U.S. and China to end at its highest point in nearly a year. The dollar clawed back some losses against the yen, while oil prices hovered below $69 a barrel. The slight gains in some markets followed Wall Street, where major benchmarks bounced back after sliding early in the day as investors eyed a brewing trade dispute between the U.S. and China. But analysts said a full-out trade war was highly unlikely given how much is at stake for the two increasingly intertwined economies. Global markets have recovered much of their losses since the collapse of Lehman Brothers Holding Inc. a year ago froze the financial system and deepened the world downturn. With little in the way of economic data, company announcements and government policy changes to drive the markets, many investors were waiting for reasons to buy in the short term, said Andrew Orchard, Asian strategist for Royal Bank of Scotland in Hong Kong. "Liquidity is still strong, and until they remove the excess liquidity, theres a good chance of the markets will keep rising," Orchard said. In Japan, the Nikkei 225 stock average was up just 0.1 point at 10,202.16, and Shanghais benchmark was off 0.1 percent at 3,022.94. Australias index was fractionally lower. Hong Kongs stock market was closed in the morning following a typhoon. Most other markets were higher, with Koreas Kospi adding 1 percent to 1,651.58 and Indias Sensex rising 0.9 percent to 16,301.15. Taiwans benchmark added 1.1 percent. Overnight in the U.S., major benchmarks posted moderate gains, with Utility AES Corp. helping pull the market higher after The Wall Street Journal reported that Chinas investment arm is interested in buying a stake in the company. The Dow rose 21.39, or 0.2 percent, to 9,626.80. The broader Standard Poors 500 index rose 6.61, or 0.6 percent, to 1,049.34, an 11-month high. The Nasdaq composite index rose 10.88, or 0.5 percent, to 2,091.78. U.S. markets were headed for a muted open. Dow futures were flat at 9,611 and SP futures climbed 6.3, or 0.6 percent, to 1,047.90. Oil prices were down modestly in Asia as investors weighed concerns about weak crude demand against optimism of a global economic recovery. Benchmark crude for October delivery fell 14 cents at $68.72. On Monday, the contract fell 43 cents to settle at $68.86. The dollar gained to 91.05 yen from 90.89 yen. The euro fell to $1.4615 from $1.4627.

Tucson Latest Testbed for Nissan’s Electric Cars

The Japanese automaker is working with Ecotality, a battery-charging technology company, to deploy an EV charging network in the Tucson metropolitan area. The announcement comes as a growing number of automakers develop plug-in hybrids and electric vehicles and join EV advocates and energy companies in creating the infrastructure to keep them going. Nissan and its parent company, Renault, are especially bullish on electric cars and have launched EV initiatives in several states and countries.
"This partnership represents a major step toward making zero emissions a reality in the Tucson metro area," Dominique Thormann, a senior VP for Nissan North America, said in a statement. "We are looking forward to working with our partners in fostering the development and acceptance of electric vehicles as the smart, environmentally sound choice."

As hybrid cars gobble rare metals, shortage looms

Honda Motor Co's chief executive Takanobu Ito walks past a CR-Z car at a showroom in Tokyo July 13, 2009. Honda Motor Co plans to launch its CR-Z hybrid sports car in February next year, as it aims to bring more hybrid models to market quickly to tap growing demand.

2010 Ford Flex SEL with EcoBoost

The 2010 Ford Flex's EcoBoost engine serves up big power while not blowing it on fuel economy. The Ford Sync system is still the best way to integrate MP3 players and cell phones. Optional navigation includes traffic, weather, and fuel prices

Rumor: Alfa Romeo to Build SUV Based on Jeep Grand Cherokee - Car News

Fiat appears interested in making the most of Chrysler’s paltry product dowry by using one of the Pentastar’s promising future products, the 2011 Jeep Grand Cherokee, as the basis for a new Alfa Romeo SUV. Although at this point our inside sources remain little birdies and voices telegraphed via cups on a string, the notion of an Alfa SUV makes some sense for a brand not satisfied with its current share of the European market, and with designs on returning to North America.
Jeep Blazed the Trail in Europe
Actually, the pump has been primed for an Alfa ute in Europe for years. Not only are Europeans familiar with the Grand Cherokee, which has been sold there for some time with both gas and diesel engines, but Alfa’s product planners can also study Grand Cherokee customers’ buying patterns to get a step ahead in developing powertrain and equipment packages. The Alfa likely would be offered in Europe with Chrysler’s new 280-hp, 3.6-liter V-6 engine, as well as a diesel or two. Given the carbon-obsessed EU regulatory structure, the Hemi V-8 is unlikely to be found under the Alfa’s hood. It is also unlikely that the Alfa would offer the full spectrum of the Jeep’s whiz-bang off-road features; rather, we would expect it to be better suited to on-road performance so as to take on the BMW X5, VW Touareg, and Mercedes-Benz ML (the latter, incidentally, provides a good portion the 2011 Grand Cherokee’s underpinnings).
As for its U.S. prospects, we think it would play a key role in fleshing out a full Alfa Romeo product portfolio here if and when the Italian automaker makes more of an effort to get involved in the U.S. market than merely dropping off a handful of quarter-million-dollar 8C Competiziones to a few (very lucky) aristocrats.
Lust: Lost in Translation
This rendering is proof that not all forms of fabulosity are scalable, at least according to some folks around the C/D offices, who think the Grand Cherokee looks positively sexy in comparison. Others actually like the Alfa’s looks. But before arguments erupt as to this potential model’s styling, it must be remembered that our unofficial drawing is based on speculative information as opposed to verified information from Alfa. However, should the company apply the same sort of design that works beautifully on cars as varied as its MiTo subcompact and the scrumptious 8C, this could be a close predictor of the final product.

2010 Porsche 911 Sport Classic - Auto Shows

As of this writing, there are 17 permutations of the 2010 911, and that’s assuming Porsche keeps its new-model introductions to a paltry five at this year’s Frankfurt auto show. The 17th model—joining the 911 Turbo coupe and cabrio, GT3 RS, and GT3 Cup at the show—is the 911 Sport Classic, a limited-run 911 that puts the “special” in special edition.
This heritage-y look was put together by Porsche Exclusive, the people who make Porsche dreams come true for a price, and took three years to develop. The package is based on the Carrera S but uses 4S rear bodywork, allowing for a wider rear track. The most obvious aesthetic change is the double-dome roof, which we’ll call a Doppeldomesgerufe. (And we wouldn’t be surprised to see that roof panel on all manner of future 911s, since it doesn’t make a ton of sense for it to have been engineered solely for such a limited production run.) A SportDesign fascia and unique lip spoiler adorn the front, while a ducktail rear spoiler evokes the 1973 Carrera RS 2.7. Black-painted 19-inch wheels are styled after the iconic Fuchs wheels familiar to vintage-911 oglers. Other small touches, such as black headlight-trim rings and black side-mirror brackets, set this “Sport”ier 911 apart and give it a “Classic” feel.
Mechanical bits include the Carrera S’s 3.8-liter flat-six paired only to a six-speed manual gearbox; there will be no new-fangled automated transmissions here. The engine is fitted with a new intake featuring six vacuum-controlled flaps and providing an extra 23 hp, for a total of 408. A sport suspension, a locking rear diff, and carbon-ceramic brakes are all standard.
The interior also gets the full bespoke treatment. Espresso-colored leather abounds, covering the dash and most of the seats. The seat inserts, however, are done in gorgeous woven leather. Grey piping matches the Alcantara headliner as well as the double center stripes on the exterior.
Only 250 copies of this limited-edition model will be built. With a price of €169,300, or what amounts to GT2 money for mere Carrera S–beating performance, the company says it’s aimed at the “well-heeled” Porsche crowd. And if you’re wondering which of its customers Porsche considers those people to be, the fact that it’s not going to be available in North America may be a clue. We poorly heeled Americans will have to take solace in Porsche’s assertion that this marks the return of its exclusive, limited-run sports cars, and hope that such models show up here in the future.

Subaru Impreza gets thrifty new engine

The Subaru Impreza has received a new fuel-efficient Boxer engine.
This 2-litre diesel engine is twice as economical as the Impreza WRX and lends itself from the Subaru Outback, Legacy and Forester cars.
It will appear in two new Impreza models - the diesel RC and diesel RX.
Both diesel models emit 155g/km of CO2, placing them into tax band G at £150 per year.
They also have a new six-speed manual gearbox and a combined fuel consumption figure of 47.9mpg. This makes them the most fuel-efficient Imprezas and the cheapest to tax.

2009 Cadillac CTS-V

This new CTS-V is simply amazing. The fastest production Cadillac ever made, it will easily stand toe-to-toe with the offerings from BMW's M and Mercedes' AMG divisions. The V looks good, too, stepping out a bit from the standard CTS with a special grille, wheels and exhaust. But the visual differences are subtle; consequently, the V could easily be dismissed as the standard-model CTS. The V's interior is stylish, with comfortable seats covered in soft Alcantara leather and plenty of legroom for passengers. As with other GM products, the navigation and audio controls are intuitive, with a large, easy-to-read screen. I was a little surprised and disappointed at the bad fit and finish, however — the space between the dashboard and the door was wide enough to fit my hand in. But there were no issues with what's under the hood. The CTS-V bests rivals from both German competitors with a supercharged 556-horsepower V8 engine that creates the most wonderful symphony of sounds, combining a throaty V8 with the turbinelike whine of the supercharger. Acceleration is amazingly smooth, with power coming on much quicker than you realize — full throttle on an entrance ramp found triple-digit speeds before I could glance at the speedometer. Unfortunately, my heavy right foot resulted in an average of just 11.2 mpg. With a base price almost $30K less than the German offerings the CTS-V is a great value, as well. Comfortable on the road, roomy interior, power to spare — this could be the perfect family sports sedan.

2.Pagani Zonda C12 F $667,321 Produced

2.Pagani Zonda C12 F $667,321 Producedby a small independent company in Italy, the Pagani Zonda C12 F is the8th fastest car in the world. It promises to delivery a top speed of215 mph+ and it an reach 0-60 in 3.5 seconds.

Today’s 10 Most Underrated Cars
By Matthew de Paula of MSN Autos
Contrary to popular opinion, the most decked-out, fastest and flashiest cars aren’t always the best to buy. You can get a fun, stylish and enjoyable vehicle that is safe and reliable, and save money at the same time. And you don’t have to limit yourself to the obvious choices from Honda and Toyota, either. Less popular brands such as Ford, Kia and Mitsubishi are building great, high-quality vehicles and selling them for less than their best-selling competitors. These hidden gems are ideal for consumers on a budget who don’t want to compromise on performance or reliability. Carefully choosing a model based on its merits, rather than hype, can save you thousands, even with well-loved brands such as Volkswagen. Here’s a look at 10 vehicles we think are vastly underrated by consumers

The Cars were an American rock band that emerged from the early New Wave music scene in the late 1970s. The band consisted of singer and rhythm guitarist Ric Ocasek, singer and bassist Benjamin Orr, guitarist Elliot Easton, keyboardist Greg Hawkes and drummer David Robinson. The band originated from Boston, Massachusetts, and were signed to Elektra Records in 1977.
The Cars were at the forefront in merging 1970s guitar-oriented rock with the new synth-oriented pop that was then becoming popular and which would flower in the early 1980s. Robert Palmer, music critic for The New York Times and Rolling Stone described The Cars' musical style by saying: "they have taken some important but disparate contemporary trends—punk minimalism, the labyrinthine synthesizer and guitar textures of art rock, the '50s rockabilly revival and the melodious terseness of power pop—and mixed them into a personal and appealing blend."[1]
The band broke up in 1988, and Ocasek has always discouraged talk of a reunion since then, flatly telling one interviewer in 1997 "I'm saying never and you can count on that."[2] Easton and Hawkes, however, joined with Todd Rundgren in 2005 to form a spin-off band, The New Cars, which performs classic Cars (and Rundgren) songs alongside new material on tour.

CARS 2009 - Berlin

The CARS congress with its associated journal, the International Journal of Computer Assisted Radiology and Surgery, is a facilitator of innovation and an important contributor to modern medicine on a worldwide basis. CARS has its focus on research and development for computer assisted systems and their applications in radiology and surgery.
The main themes emphasized in the CARS program are established by an interdisciplinary and international group of experts from health care institutions, academia and industry, who are world-renowned for their work on innovative methods and technologies in medicine. These are members from the ISCAS, EuroPACS, CAR, CAD, CMI and CURAC societies, who are active in the various committees of CARS, and in particular, who have successfully presented novel approaches at CARS congresses.
The CARS Congress Organizing Committee invites you to be part of this extraordinary scientific/medical community which gives medicine a new meaning. Join us in Berlin in June 2009, if you work in the fields of radiology, surgery, engineering, informatics and/or healthcare management, and have an interest in topics such as image guided interventions, medical imaging, molecular imaging, image processing and display, computer aided diagnosis, surgical simulation, surgical navigation and robotics, as well as new PACS applications, including infrastructures adapted for surgery. Clinical specialties represented at CARS include:

An automobile or motor car is a wheeled motor vehicle used for transporting passengers, which also carries its own engine or motor. Most definitions of the term specify that automobiles are designed to run primarily on roads, to have seating for one to eight people, to typically have four wheels, and to be constructed principally for the transport of people rather than goods.[1] However, the term automobile is far from precise, because there are many types of vehicles that do similar tasks.
As of 2002, there were 590 million passenger cars worldwide (roughly one car per eleven people).[2] Around the world, there were about 806 million cars and light trucks on the road in 2007; they burn over 260 billion gallons of gasoline and diesel fuel yearly. The numbers are increasing rapidly, especially in China and India

Automobile

Year
Make/model
Price
Mileage
Registration
Location
1996
Honda Civic-Vti-Oriel
600,000
Call
Karachi
Karachi
Condition
Excellent
Transmission
Manual
Cylinders
4
Engine Capacity
1500
Exterior Color
white
Interior Color
black