AsiaNet Daily Summary - Press Releases for Friday, August 22, 2008

SYDNEY--22 Aug--AsiaNet/InfoQuest


HABIB BANK...

NEW YORK - Habib Bank Limited, the largest private sector

bank in Pakistan, is now using CHIPS, the real-time, large
dollar payments system operated by The Clearing House Payments
Company. Habib Bank Limited is the first bank in Pakistan to
connect to CHIPS.
www.chips.org
www.theclearinghouse.org

PEPSICO WEBCAST...

PURCHASE, N.Y. - PepsiCo, Inc. today announced it will host

a live webcast of the company's presentation at the Lehman
Brothers Back-to-School Consumer Conference on Wednesday, Sept.
3, 2008, at 10:30 a.m. EDT. The presentation will be given by
Michael D. White, Chief Executive Officer of PepsiCo
International and Vice Chairman PepsiCo.
www.pepsico.com

JACKSON LAUNCH...

LOS ANGELES - On the eve of her World Tour with the

Discipline album Janet Jackson is adding designer to her
impressive list of talents with the launch of her fashion
partnership with Australian designer Bruno Schiavi. Pleasure
Principle will be Janet and Schiavi's first US lingerie
collection with plans to have product in stores as early as
November 2008 across America, with Australia, Japan and Europe
to follow.

OMAXE INFRASTRUCTURE...

NEW DELHI - Omaxe Infrastructure & Construction Private Ltd,

a wholly owned subsidiary of Omaxe Ltd has received a Letter of
Intent for the construction of Allopathic Medical College and
Associated Hospital at Saharanpur, UP from UP Government
through UP RNNL. The construction value of the project is Rs250
crores approx.

ONCOLOGY HANDBOOK...

MANHASSET, N.Y. - The Oncology Group is pleased to announce

the publication of the 11th edition of Cancer Management: A
Multidisciplinary Approach, scheduled for release in the Fall
of 2008. A popular resource for the oncology and hematology
community, this guide aims to keep pace with these rapidly
changing fields by providing clinicians with up-to-date,
practical, and authoritative information on patient
management.
www.CMPMedica.com

CHEVROLET CRUZE...

DETROIT - The first photographs of Chevrolet's all-new Cruze

sedan - making its world premiere at the Paris Motor Show in
October - reveal a dynamic four-door coupe that proves exciting
design and value are not mutually exclusive. On sale beginning
in Europe from March next year, Cruze features a dramatic
re-interpretation of the traditional sedan featuring
Chevrolet's new global design language that is becoming a
signature on all new products carrying the gold bowtie.
www.gm.com

CARDIOVASCULAR STUDY...

TOKYO and INDIANAPOLIS - A new, pre-specified analysis of

the landmark Phase III head-to-head TRITON-TIMI 38 study showed
patients who took prasugrel for acute coronary syndromes
managed with an artery-opening procedure known as percutaneous
coronary intervention and had survived their first
cardiovascular event and then suffered a subsequent event, were
35 percent less likely to have a recurrent event than those who
took clopidogrel. These data appear as a special advance access
online publication from the European Heart Journal.

SAXO RESULTS...

COPENHAGEN - Saxo Bank today reported half-year results

showing a profit before tax of DKK 162 million in the first six
months of 2008. This represents a growth of 57 percent compared
to DKK 103 million in 2007. In addition, Operating Income in
Saxo Bank Group increased by 55 percent year-on-year from DKK
624 million to DKK 969 million. Deposits from clients increased
by DKK 1.7 billion during the first half of 2008 to DKK 8.8
billion as of 30 June 2008. The value of clients' assets held
with Saxo Bank increased by 11 percent to DKK 9.7 billion
during the half-year.
www.saxobank.com

NORKOM TECHNOLOGIES...

SYDNEY - Norkom Technologies, the leading provider of

financial crime and compliance management solutions to the
global financial services sector, has today announced that
Australia's financially strongest building society, Newcastle
Permanent Building Society, has joined its expanding customer
list.
www.newcastlepermanent.com.au
www.norkom.com

GATE GOURMET...

SYDNEY - With the acquisition of Inflight Logistic Services

now complete, Gate Gourmet has vaulted into the leading
position as the premier provider of onboard services to the
Australian aviation industry. Sydney-based ILS focuses on
low-fare carriers and its services include menu/service design,
logistics and supply chain management, onboard point-of-sale
solutions and cash management processes. In addition, ILS is
the Australian aviation market's largest independent supplier
of cabin cleaning and manager of personal media players for
in-flight entertainment.
www.gategourmet.com
www.gategroup.com

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ข่าวLehman Brothers+the companyวันนี้

วิกฤติครั้งหน้า… จะเป็นอย่างไร

TMB Analytics มองวิกฤติเศรษฐกิจในอนาคตอาจเกิดจากปัญหาหนี้ในจีน แม้จะไม่รุนแรงเท่าวิกฤติ Subprime แต่อาจทำให้ปัญหาความเหลื่อมล้ำรุนแรงขึ้น อีกทั้งเครื่องมือในการรับมือมีจำกัดเมื่อเทียบกับวิกฤติครั้งก่อน ผู้ประกอบการและนักลงทุนจึงควรจะเตรียมรับมือกับความเสี่ยงที่จะเพิ่มขึ้นในอนาคต หลังจากเหตุการณ์วิกฤติการเงินโลกที่ทำให้ Investment Bank ยักษ์ใหญ่อย่าง Lehman Brothers ล้มละลายผ่านไปครบ 10 ปีในเดือนกันยายนที่ผ่านมา ที่เกิดจากการที่นักลงทุนขาดความเข้าใจในความเสี่ยงของสินทรัพย์ที่ตนเองลงทุนไป

Report Looks At Spec-Grade Issuers That Maintained Stable Credit Quality During Recession

In the years leading up to the credit crunch, speculative-grade debt (i.e., debt rated 'BB+' or lower) issuance had grown tremendously. Prior to the collapse of Lehman Brothers in September 2008, Standard & Poor...

Recovery Rates In 2008-2009 Were Below The Long-Term Average, Article Says

Ultimate recovery rates displayed considerable cyclicality in 2009, in sync with the ebb and flow of liquidity, said an article published today by Standard & Poor's, titled "U.S. Recovery Study: Increased Defaults And Low...

Life after Lehman Brothers

John Sheehan was a rising star at Lehman Brothers for 10 years, culminating in his appointment as an Executive Director. John will be the keynote speaker at an investment seminar organised by MBMG, Asia’s foremost professional advisory practice, to talk about what is...

Amid The Flood Of New Issuance, Speculative-Grade Issuers Remain A Trickle, Article Says

New global corporate bond issuance in the first half of 2009 reached a record $1.79 trillion, surpassing the previous record of $1.74 trillion set during the same period in 2007, said an article published today...

Raimon Land acquires additional 25% stake in “The River” from Lehman Brothers Bangkok Riverside Development Pte Ltd

Luxury condominium developer Raimon Land Plc has consolidated its investment in “The River” by acquiring an additional 25% stake in Taksin Hotel Holding Co., Ltd “THH” from Lehman...

Tokyo - Moody's comments on Nomura's acquisition of Lehman's Asian and European operations

Moody's Investors Service has commented on Nomura Holdings Inc. (NHI)'s announcements on September 22nd and 23rd that it had reached an agreement to acquire Lehman Brothers' franchise in the Asia/Pacific region...

GRANDE ASSET HOTELS AND PROPERTY POISED TO PROCEED WITH CONSTRUCTION OF REGENT RESIDENCES, REGENT HOTEL AND CROWNE PLAZA HOTEL

Recent Lehman Brothers Holding Inc Chapter 11 Proceedings to have little impact on Grande’s current operating and construction plans Grande Asset Hotels and Property Pcl, has...

Preliminary Findings Suggest Limited Impact on Asia-Pacific Banks from Lehman Bankruptcy

Fitch Ratings has today announced preliminary findings from its investigation of exposure to Lehman Brothers held by banks in the Asia Pacific Region. These suggest that, for the most part, net exposures are...

FINANCIAL CRISIS MAKES DOHA AGREEMENT STILL MORE VITAL, CHIEFS OF UNCTAD, WORLD TRADE ORGANIZATION SAY

Concluding the now-stalled Doha trade negotiations is increasingly critical as the global financial crisis spreads, the heads of the United Nations Conference on Trade and Development (UNCTAD) and...