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China speeds up QFII approvals amid signs of capital outflow (Reuters)

SHANGHAI (Reuters) ? China has since October granted nearly $1 billion in quotas for foreign institutions to invest in the country's capital markets following a five-month hiatus, reflecting Beijing's desire to encourage inbound investment amid signs of a capital outflow.

Combined quotas granted under the Qualified Foreign Institutional Investor (QFII) scheme in 2011 totaled $1.92 billion, the lowest since 2007, partly due to an approval freeze between May and October, according to official data released on Thursday.

Some analysts attributed the temporary suspension to the government's intention to ease pressure on the yuan to appreciate, but the tide changed abruptly in October as market jitters about the global economy prompted some investors to withdraw, weakening the yuan against the dollar in the onshore market.

"Typically when the yuan faces pressure to appreciate, regulators slow or suspend quota approvals," said Howhow Zhang, head of research at Shanghai-based consultancy Z-Ben Advisors. "I think now, because there is a capital outflow, approvals are being accelerated."

In December alone, five foreign institutions including Italian insurer Assicurazioni Generali SpA (GASI.MI) and Spanish bank BBVA SA (BBVA.MC) obtained combined QFII quotas of $500 million, according to the State Administration of Foreign Exchange (SAFE). That compares with $250 million granted in November and $200 million in October.

Zhang said the data reflected the regulator's desire to accelerate QFII approvals.

Newly-appointed China Securities Regulatory Commission (CSRC) Chairman Guo Shuqing said earlier this month that the watchdog would speed up approvals under the QFII scheme.

Under the system for allowing controlled inflows of capital for financial investment, the CSRC grants licenses to qualified institutions but foreign exchange regulator SAFE grants the quotas.

A sister scheme for allowing fund outflows, the Qualified Domestic Institutional Investor (QDII) program, has grown much more rapidly in recent years.

QDII quotas had risen to $74.95 billion as of December 21, up from $68.36 billion at the end of 2010. However, new quotas of about $820 million in the last three months of the year were much smaller than in the first three quarters.

In another sign that Beijing is encouraging inbound investment, China recently published rules allowing the Hong Kong subsidiaries of Chinese brokerages and fund houses to raise offshore yuan to invest domestically, under the Renminbi Qualified Foreign Institutional Investor, or RQFII, program.

The name refers to the fact that such investments are denominated in renminbi.

China launched the QFII scheme in 2003 to allow qualified foreign institutions to buy mainland stocks and bonds, and has so far granted total combined quotas of $21.6 billion.

(Editing by Chris Lewis)

Source: http://us.rd.yahoo.com/dailynews/rss/business/*http%3A//news.yahoo.com/s/nm/20111229/bs_nm/us_china_qfii

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Lock Screen Weather app adds weather to the iPhone Lock screen

Lock Screen Weather is a clever app that allows you to display local weather information and graphics on the iPhone Lock screen without requiring a jailbreak.
Current
...

Source: http://feedproxy.google.com/~r/TheIphoneBlog/~3/FLLBM5GWGF8/story01.htm

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Catch the first look at NeNe Leakes on 'Glee'

Adam Rose/FOX

Reality TV star NeNe Leakes stars as Coach Roz on "Glee."

By Ree Hines

The next episode of "Glee" promises more of the usual high school drama and song and dance fun that fans have come to expect, but it also features a "Glee" first: NeNe Leakes.

As announced last week, "The Real Housewives of Atlanta" reality star will join the show as a recurring guest star. Now FOX has released the first photo showing Leakes in character. In the shot, Leakes, as swim coach Roz, faces off with Chord Overstreet's Sam.

Fans won't learn what the poolside hubbub is about until the episode airs Jan. 17.

Until then, Gleeks can enjoy this Leakes-free promo for the episode.

Those looking for other Leakes fixes in the new year will have plenty of opportunities to catch the frequent feuder on the small screen. In addition to her "Housewives" duties, she recently revealed that she'll also appear on BET's "The Game" and "Let's Stay Together."

Will you watch Leakes on "Glee" or any of her other upcoming TV spots? Tell us on our Facebook page.

Related content:

Also in the Clicker:

Source: http://theclicker.today.msnbc.msn.com/_news/2011/12/29/9801360-catch-the-first-look-at-nene-leakes-on-glee

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Argentine president to take leave following cancer surgery

President Cristina Fernandez de Kirchner of Argentina has received a diagnosis of thyroid cancer, according to a December 27 official statement. Secretary of Communications Alfredo Scoccimarro said that the cancer has not metastasized, but surgery is now planned for January 4 in the new year. In a press conference Scoccimarro declared ?The existence of a papillary cancer in the right lobe of the thyroid gland. Today it was proven that the lymphatic ganglions are not affected and that there is no metastasis. The sickness is located solely within the gland.?

Surgery to remove the affected gland will take place at Austral Hospital in Buenos Aires, with chief of surgery, Dr Pedro Saco, attending. Scoccimarro noted that the Argentine chief executive will remain in hospital for approximately 72 hours following the surgery. However, President Kirchner will take a leave of absence of twenty days until January 24. ?The Chief Executive, in accordance with Article 88 of the Constitution, will take a leave of absence of twenty days. The powers of the Executive will be exercised by Vice President Amado Boudou,? said Scoccimarro.?

Source: http://www.speroforum.com/a/PBMGJUMCSE40/65942-Argentine-president-to-take-leave-following-cancer-surgery

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Michael Lohan Approves of Daughter Lindsay's Playboy Spread (omg!)

Michael Lohan Approves of Daughter Lindsay's Playboy Spread

While many fathers may cringe at the idea of their daughters stripping down for a magazine, Michael Lohan is looking on the bright side of things.

"If she's happy with it, I?m happy with it," Lohan said on Dr. Drew's The Lifechangers about daughter Lindsay Lohan's nude Playboy photos. "It's a move in a direction where she?s working?so as far as I'm concerned it's a good move."

PHOTOS: Lindsay's OMG moments

Lindsay, 25, earned an reported $1 million for her nude photos in Playboy's January/February 2012 issue, where she poses in a Marilyn Monroe-esque shoot on a red velvet background.

PHOTOS: Celebrity nude scandals of 2011

And although Lindsay's parents, Michael, 51, and Dina Lohan, 49 make headlines for not getting along, she too seems to mirror Michael's remarks.

PHOTOS: How Lindsay's face has changed over the years

"It was an opportunity for her. She's 25-years-old now, so it was her ultimate decision," Dina explained to The Insider in November. "It will be tastefully done."

Get more Us! Follow us on Twitter, Friend us on Facebook, Subscribe to Us Weekly

Source: http://us.rd.yahoo.com/dailynews/rss/entertainment/*http%3A//us.rd.yahoo.com/dailynews/external/omg_rss/rss_omg_en/news_michael_lohan_approves_daughter_lindsays_playboy_spread184158253/44007519/*http%3A//omg.yahoo.com/news/michael-lohan-approves-daughter-lindsays-playboy-spread-184158253.html

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Sony agrees to end LCD venture with Samsung: source

TOKYO/SEOUL: Sony Corp has agreed to end its LCD joint venture with Samsung Electronics and will sell its stake to the South Korean company, a source familiar with the matter said on Monday.

The decision comes after Sony in November warned of a fourth straight year of losses, with its television unit alone set to lose $2.2 billion on tumbling demand and a surging yen.

?

The Japanese TV maker at that time said it would revamp LCD panel procurement, but declined to comment on reports that it would end the panel joint venture with Samsung.

?

A Samsung spokesman said on Monday the two companies would make an announcement regarding the joint venture at O630 GMT, without elaborating.

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Sony holds a nearly 50 percent stake in liquid-crystal display (LCD) joint venture S-LCD, which was established in April 2004 to secure stable supplies of the component.

?

Shares in Sony were up 1.75 percent and Samsung Electronics shares traded flat as of 0535 GMT.

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Global TV manufacturers are restructuring their businesses and outsourcing production as cutthroat competition and weak demand squeeze margins.

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Samsung is the world's No. 1 TV maker, while Sony vies for the No.2 title with South Korea's LG Electronics Inc.

Source: http://www.dailystar.com.lb/Technology/International/2011/Dec-26/157915-sony-agrees-to-end-lcd-venture-with-samsung-source.ashx

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Helicopter Crash-Florida

2 Mayo Clinic workers die in Fla. helicopter crash

PALATKA, Fla. (AP) -- Two Mayo Clinic employees flying to the University of F

lorida to harvest organs have been killed in a helicopter crash in north Florida..

?? Mayo Clinic spokeswoman Kathy Barbour says the Jacksonville hospital employees

left early Monday but did not arrive in Gainesville. Their names were not released

pending notification of next of kin.

?? Federal Aviation Administration spokeswoman Kathleen Bergen says the helicopter

crashed about 12 miles northeast of Palatka.

?? The Clay County Sheriff's Office confirmed that three people died in the crash, but no

additional information was immediately available from the crash site.??? The National

Transportation Safety Board also was investigating.??? FAA records show the helicopter

is owned by SK Jets. The St. Augustine company had no immediate information.

?? AP-WF-12-26-11 1918GMT

Source: http://www.beartoothnbc.com/news/u-s/15969-helicopter-crash-florida.html

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OU logos on Texas license plates? Blasphemy!

AUSTIN ? Melinda Haggerty stayed awake until 2 a.m.. so she could snag a personalized Oklahoma Sooner Texas license plate the minute they became available online last year.

Her TXN4OU Sooner plate from the State of Texas draws quite a few reactions ? and not all favorable.

Some Texans frown on the growing number of out-of-state colleges and universities showing up on Texas license plates.

Nearly 30 out-of-state university plates are now available for Texas license plates, because of legislative action several years ago resulting in an exclusive franchise agreement with Myplates.com to more aggressively market specialized license plates.

The state's general revenue fund gets 40 percent of each specialized license plate, which costs about $55 a year for a standard version or $295 for a 10-year plate. The costs increase for personalized letters and numbers. Universities get 10 percent from the proceeds of their license plate sales. And alumni ? although not nearly as many as in-state universities ? get to promote their favorite school.

There will be considerable interest among the 11,000 Michigan State University alumni living in Texas when their Spartans plate becomes available in mid-February, said Mary Lou ?Crazy MSU Lady? Moore.

?When you love your university, you stay loyal wherever you live. I am a proud Spartan and will enjoy displaying my spirit and loyalty in yet another way,? said Moore, a leader in Michigan State's central Texas alumni chapter.

Texans have purchased more than 73,000 specialized license plates since the My Plates program started in November 2009, netting about $7.5 million for the state.

But not all Texans are pleased, based on public comments offered at the Texas Department of Motor Vehicles website during public comment periods earlier this year for proposed designs of new plates.

?To have anything other than a Texas team or school is just plane wrong and you as legislatures and members of the department of transportation should be tarred and feathered,? one Texan wrote. ?If for no other reason than putting out an O.U. plate you should be ashamed.? Another Texan wrote: ?It is beyond me why we would want to allow out of state colleges to display on Texas License plates. Where is our state pride??

One Texan worried about where this might be headed: ?I'm all for the state generating extra revenue but we need to have some self-respect about this. What's next, Philadelphia Eagles plates??

Another popular theme among the critics: Folks should support their home state.

?I understand that not everyone went to a Texas school. However, they are obviously not working in those states. Texas is the state that is supporting their way of life and only Texas themed plates should be allowed,? another Texan commented.

The critics are getting worked up over nothing, said Haggerty, the proud Sooner.

?Be thankful that people are willing to pay the extra amount for their license plates,? she said.

More revenue generated by specialized license plates means fewer taxes, said Haggerty, who was born in Texas with ?deep tap roots in Oklahoma.?

She couldn't wait for the Sooner plates to arrive.

?I had a white Corvette with crimson interior. It needed an OU plate. It was calling out to me for an OU plate,? said Haggerty, of McKinney, north of Dallas.

Some motorists give her the thumbs up. Others offer a one-finger gesture, she said.

?I blow them a kiss because it has to come from a place of envy ? and all I can do is blow them a kiss and let them know I understand why they would be so envious,? Haggerty said.

Sports rivalries generate passion, said Kim Miller Drummond, public relations manager for Myplates.com.

?When you are a UT fan, you don't want to see OU on anything,? she said in an obvious understatement.

Brian Laine, president of the Houston alumni chapter for the University of Mississippi, describes the program as ?a financial blessing.? The primary purpose for Ole Miss Alumni groups in Texas is raising money to help students from Houston, Dallas, Austin and San Antonio at the University of Mississippi.

?We now have a revenue source through the university plates to help all four of our (alumni) scholarship funds to send students to Ole Miss,? said Laine, who personalized his Ole Miss plate with ?COLREB,? short for Colonel Reb, the school's former mascot.

The school raised more than $3,200 in the first week the Ole Miss plates became available in September. So far, about 300 have sold among the 6,300 Ole Miss graduates living in Texas.

Myplates.com has been marketing specialty license plates for Texans since November 2009. The option for Texans to put special plates on their vehicle has become more visible ? and, increasingly, more popular.

?Word travels fast when it's delivered on hundreds of little billboards driving around the state,? Myplate's Miller Drummond said. ?Once OSU got theirs, OU was on it. Then Arkansas, Alabama, Auburn, BYU, Nebraska, Kansas, bam, bam, bam.?

And that's what bothers some Texans.

?There should be nothing on license plates that is not about Texas and all that it stands for. Because people move here, we Native Texans should not have to look at plates with non Texas related material on them,? one critic commented on the state's website. ?Come on folks, being a Texan is a birth-right. Texas first, U.S.. second!!!?

Source: http://www.mysanantonio.com/news/local_news/article/OU-logos-on-Texas-license-plates-Blasphemy-2425894.php

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