InfoAnda - Factbox

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

"Love Never Dies" a brilliant sequel to "Phantom" | 12 March 2010
Most of world interconnected through email, social media | | 27 March 2012
Bloggers must reveal ties behind endorsements: FTC | 6 October 2009

No Israel apology on Turkish ship raid: Netanyahu | | 28 December 2010

Forum Views () Forum Replies ()

Read more with google mobile : Factbox

Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Africa Europe Latin America Middle East North America Factbox - Analysts' reaction to Egypt crisis Reuters - Tuesday, February 1 Send IM Story Print CAIRO - Egyptian President Hosni Mubarak appointed a new interior minister on Monday as part of a revamped cabinet designed to defuse the most serious challenge to his rule in three decades. Following are analysts' comments: ZAINEB AL-ASSAM, HEAD OF MIDDLE EAST AND NORTH AFRICA FORECASTING "This new cabinet is too little too late. I think Mubarak will probably be gone well before 30 days is up. "There are some figures in the cabinet who are deeply unpopular -- an example is General Wagdy, a former head of prisons. That's going to add to the protests. Mubarak will be seen by the army as a liability. "The most likely scenario in the next seven days will be an escalation in protests, with a million strong protest planned for 1 February. If Mubarak appears to be staying then protests will continue after then, also initiated by a lack of basic foodstuffs such as flour. "In the event of Mubarak's resignation, the Muslim Brotherhood are well organised and would do well in any open electoral process. While the more moderate political wing of the Muslim Brotherhood will contain the more extreme elements in the group, they are close to Hamas and so increased war risks with Israel and increased terrorism risks in Israel are very likely. "In a year, Egypt would likely look more like Turkey and represent a moderately positive investment and risk climate. Even so, many existing contracts will be revised and challenged. There is likely to be some re-nationalisation in the manufacturing and industrial sector. "In terms of contagion risk, Yemen, Sudan, Jordan and Syria all look vulnerable. However, the greatest risk in terms of both probability and severity is in Saudi Arabia. A successor regime in Saudi Arabia would change the commercial as well as geopolitical environment across the region. DAVE HARTWELL, MIDDLE EAST ANALYST AT IHS JANE'S "The headline grabbers were the change of PM and the new VP announced on Saturday. The new cabinet is a technocratic one just like the previous one. The appointment Gamal taking over. Second, the speculation is these changes are being forced on Mubarak by the army and the conclusion is the army is now wielding influence behind the scenes. Is this enough to get people off the streets? No. The situation has moved beyond that now. Mubarak is in a weak position, the population is against him and probably the army too is looking for ways to stabilise the country. I think he will survive for now but he will go in the medium term and won't run in the presidential election. The military will want to do in as troublefree a manner as possible. However, even if you get a new reform-minded president, what you will have is a parliament dominated by the NDP. So you may even see parliamentary elections brought forward. The opposition have two problems. They are united by the fact they want Mubarak to go and they want free and fair elections but they are not united on anything else. Second, they have no identifiable leader, even ElBaradei has not been completely accepted by all factions. The difference from the past however is that Mubarak probably won't be able to buy off any opposition members." SAID HIRSH, MIDDLE EAST ECONOMIST AT CAPITAL ECONOMICS IN LONDON "Currently the president is bowing to international pressure and buying some time to show he is making some changes. It's too early to say if this will be successful as protests are gathering pace. "I don't think the president will be there for much longer that's why we are seeing these changes, with the appointment of a vice president etc. Omar Suleiman is an ally of the West and for him to take over as vice president clearly shows the pressure to get him to manage an orderly transition. "My view is there is too much at stake for Western powers to have total chaos in Egypt, as opposed to Tunisia. The military will still back some kind of orderly transition. "The Muslim Brotherhood knows the reaction globaly will be negative if they take centre stage in the protests, though I am sure they are active behind the scenes. Their role will become clearer if the government collapses. IMPACT ON ECONOMY AND MARKETS ONCE THEY REOPEN "It will have a major impact. For instance the stock exchange is dominated by a few companies many of which are led by people allied to the rulers. Some of them are believed to have left Egypt already. "From a fiscal situation, the government will have to spend more to create jobs. "Foreign capital is already flowing out. The risk is what happens to local capital now and how will banks be affected. The banks are heavily exposed. The risk is for major loan defaults from companies. The Central Bank can probably impose some restrictions on retail investors . "The other question is about worker remittances, given the turmoil, will Egyptians working abroad keep sending money home? the remittances help to balance their current account, the goods and services are usually in deficit. "The currency should depreciate but I don't see any collapse. In terms of how they can manage the depreciation they have enough reserves and should be able to manage, as long as local capital doesn't start leaving as well. LUIS COSTA, EMERGING MARKETS STRATEGIST, CITI "...We so far see weak prospects of a short-term consensus between opposition and the government, when it comes to the establishment of a transitional government. MURAT TOPRAK, EMERGING FX STRATEGIST AT HSBC "Egypt is an additional factor which is weighing on global sentiment, I do not think it is a main driver. There are some question marks about this crisis spreading towards other countries in the Middle East like Jordan or Lebanon. It probably also affects Israel but if you talk about GCC markets, the risk is contained. "In our view the likelihood of any instability in the GCC is very limited. The political and economic situation is very different. The reason behind the protests in Egypt is more about the economic situation." MALCOLM GRAY, PORTFOLIO MANAGER OF INVESTEC AFRICA OPPORTUNITIES FUND AND INVESTEC FRONTIER INVESTMENT TEAM IN A NOTE "...The likelihood of radical change has now increased. The events of the last few days have come as a shock, and investor sentiment has been severely dented. Our expectation is for an aggressive short-term sell-off in Egyptian listed assets when markets open in the coming days. "We note that an aggressive sell-off may well prove a very attractive long-term buying opportunity. However this should be balanced with the consideration that the end result of the political instability is uncertain, and there is no guarantee of a continuation of the very successful economic policies of the last few years. "We note that the risks have increased significantly in the short term, but hope that the events of the last few days will result in positive change in the long term. STANDARD LIFE INVESTMENTS STRATEGY TEAM IN AN E-MAIL TO REUTERS It said Egypt itself was too small a part of the overall global emerging market index to make much of a difference. "Hence the important issue for global investors is not whether to invest in Egypt but whether developments there have a major impact on other countries in the Middle East. "Over the next few days and weeks, the oil price will be a very good trigger to monitor about whether to put more risk, including emerging market assets such as Egypt, into portfolios." CITI NEW YORK IN THEIR MORNING NOTE "Oil is presumably impacted by supply disruption risk through the Suez Canal, although there are no hints at any such problems thus far and with looting in Egypt apparently on the decrease for now, immediate supply disruption risk should be lower. For the longer term, though, there are risks that a new Egyptian government might manage the canal differently or that canal passage insurance costs could permanently increase, adding a premium to prices." Recommend Send IM Story Print Related Articles African turmoil casts pall over summit AFP - 1 hour 22 minutes ago S. Sudan awaiting world nod on vote outcome: Kiir AFP - Tuesday, February 1 Somali soldier 'accidentally kills at least 17' AFP - Tuesday, February 1 Egypt army backs people's demands, holds fire AFP - 20 minutes ago WTO delivers verdict on Airbus vs. Boeing AFP - 55 minutes ago News Search Top Stories WTO delivers verdict on Airbus vs. Boeing Oil rockets to $101 per barrel on Egypt unrest Egypt protesters call for 'million-man march' Brain scan can tell if a smoker will quit Cyber raids threaten British, US stock markets: report More Top Stories » ADVERTISEMENT Most Popular Most Viewed WikiLeaks' Assange 'dressed as old woman' to evade CIA: book Brain scan can tell if a smoker will quit Egypt protesters call for 'million-man march' Oil rockets to $101 per barrel on Egypt unrest Nicotine study opens path for anti-smoking drug More Most Viewed » More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Entertainment Photos Yahoo! News Network Copyright © 2011 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

Other News on Tuesday, 1 February 2011
Factbox
Chirac 'very well' despite Alzheimer's claim
US-TECH Summary
Iran hangs man convicted of apostasy
Al Jazeera TV says journalists released in Egypt
U.N. told North Korea has more secret atomic sites: envoys |
Google topples Nokia from smartphones top spot
Left wins governorship in violent Mexican state |
India insists on access to BlackBerry emails
Sudan says accepts south secession vote: Vice President |
Google dethrones Nokia with Android smartphone: study
Management Tip of the Day: Add structure to social media
Scandal-hit Berlusconi to present growth plan |
New app to bring U.S. art to wider audience
Chirac to attend trial in March: wife |
More news websites blocked in Iran
Elpida to buy all DRAMs made by Taiwan's Powerchip
Cyber raids 'threaten British, US stock markets'
Iran warns France over Louvre artefacts: report
LG plans European mobile swipe payment system in 2012
James Bond composer John Barry dies aged 77
Ceva sees strong 2011 demand for its mobile chips
Google dethrones Nokia with Android smartphone: study
LG plans European mobile swipe payment system in 2012 |
Toshiba faces $100 million gender bias lawsuit |
Facebook shopping discount service reaches Europe |
Baidu options suggest possible breakout after earnings |
Mobile 'apps' to be $58 billion market: study
US-TECH Summary
LG plans European mobile swipe payment system in 2012
Facebook shopping discount service reaches Europe
Toshiba returns to black for December quarter
Ceva sees strong 2011 demand for its mobile chips
Super Bowl offers chance to party with stars -- for a price |
David Arquette checks out of rehab |
Google launches Twitter workaround for Egypt
Top dissident arrested at Moscow rally
Baidu upbeat on outlook, targets social search
Canada investigates mass sled dog slaughter
Afghan drug war to be won with crops, not jails: judge
BP says makes $4.9bln annual loss, first since 1992
Google launches Twitter workaround for Egypt
US golfer Woods finds old habits hard to shake
Photos released to protect endangered Amazonians
Egypt braces for mass protests as army holds back
Egyptians gather for mass march to oust Mubarak |
Obama to meet with tech company CEOs on Tuesday
Storm threatens 100 million in US with snow, ice, cold
Egyptians seek million-strong march to oust Mubarak
Pakistan court blocks handing over of U.S. diplomat |
Oil hits $101 a barrel as Egypt protests mount
Google unveils Web-free 'tweeting' in Egypt move
U.S. urges Egypt's Mubarak do more
IBM touts social skills on RIM's PlayBook
WTO delivers verdict on Airbus vs. Boeing
Rival Koreas agree to military talks February 8 |
Governments, firms evacuate citizens from Egypt
Egypt's last working Web provider goes offline
Taliban 'abduct 21 Afghan tribal elders'
Wi-LAN reports more deals, expects to avoid court
S.Korea's Lee urges North to seize 'good chance'
Google topples Nokia from smartphones top spot
Countries evacuate citizens as Egypt crisis worsens
Australia evacuates coastal cities in path of big cyclone |
NZ extends special forces Afghan deployment
Toshiba faces $100 million gender bias lawsuit
Pakistan judge blocks any move to hand over US gunman
In Myanmar's gleaming new capital, uncertain promise |
EU calls for orderly transition in Egypt
Haiti opens door for return of ex-president Aristide |
South Korea's conciliatory Lee hints at summit with North
US-TECH Summary
Russian police arrest dozens at anti-government rallies |
Brittany Murphy death house averts forced auction
Israel's Netanyahu fears Egypt could go way of Iran
Australia evacuates coastal cities in path of big cyclone
Google topples Nokia from smartphones top spot
Floodwaters sweep away Bolivian bus, killing 31 |
US envoy to China quits amid 2012 buzz
Residents, tourists flee as cyclone nears Australia
Ivorian rivals dig in after AU panel move |
N. Korea dissent on rise: US study
Singapore grannies take up ballet to stay healthy
US-ENTERTAINMENT Summary
Brittany Murphy death house averts forced auction
U.N. told North Korea has more secret atomic sites
CBS orders replacements for "Two and a Half Men"
Japan volcano erupts with big blast of ash, rocks
Which network boasts the worst two-hour block?
Terrific actors face off in "Gruesome" play
U.S. wants TV producer to face homicide charge in Mexico
Lawsuit indicates new Rolling Stones tour in works
Google launches Twitter workaround for Egypt |
Wallace Shawn juggles acting jobs, play writing
NZ commodity prices hit record high in Jan
Director Peter Weir finds "Way Back" to big screen
Taiwan's central bank to closely watch prices
Obama to meet with tech company CEOs on Tuesday |
S.Korea c.bank urges capital controls coordination
IBM touts social skills on RIM's PlayBook |
Seoul shares rise as POSCO, insurers jump
Taiwan economic growth at 23-year high in 2010
Wi-LAN reports more deals, expects to avoid court |
NZ 98-day T-bills yield 3.07pct at tender
Baidu upbeat on outlook, targets social search |
S.Korea inflation jump boosts Feb rate rise chance
Seoul shares open up, POSCO gains
Baidu Q4 net profit nearly triples
Wage growth picks up in Q4, but jobs market soft
Eva Longoria and Tony Parker finalize divorce |
CBS orders replacements for Two and a Half Men |
U.S. wants TV producer to face homicide charge in Mexico |
Which network boasts the worst two-hour block? |
Brittany Murphy death house averts forced auction |
Terrific actors face off in Gruesome play |
Director Peter Weir finds Way Back to big screen |
Wallace Shawn juggles acting jobs, play writing |
Lawsuit indicates new Rolling Stones tour in works |
Val Kilmer going Deep with Texas indie drama |
Swiss block Duvalier millions under new law
Yeltsin was disappointed in Putin: ex-chief of staff
U2's The Edge in row over Malibu home plans
Jordan's king appoints new PM after protests |
Synagogue, schools attacked in Tunisia, fear spreads |
Next Irish government faces dire economy |
Iraq war casualties rise in January |
U.S. praises Kazakh leader for skipping referendum |
Indian warship collision caught on camera
U.N. offers to help Haiti prosecute Duvalier crimes |
India minister warns of 'stalemate' with Maoists
China Nobel laureate Liu 'denied prison visits'
Chinese hitchikes home to celebrate Spring Festival
What you believe, I don't
Happy New Year, it's on me
'Imlek': A family affair
Pakistani stocks end lower on economic concerns
China says web 'open' despite Egypt news curbs
Google touts game changer in online art viewing |
Thai inflation edges higher
Infineon, ARM shine; see steady growth |
Anger over 'accidental' death of Chinese activist
India's exports jump 36.4% in December
Egypt fears keep oil above $100, Asian shares gain
Mercedes relaunches premium Maybach in India
IMF says ready to help Egypt, others in trouble
Samsung offers full refund for Intel chip
Inflation fears as Asian manufacturing stays strong
S.Korea may cut tariffs, taxes to curb inflation
Lambert leads Academy of Country Music nominees |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01