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South Korea Stocks Glovis, GS Engineering, LG, SK

By Saeromi Shin

Jan. 3 (Bloomberg) — Shares of the following companies had unusual moves in South Korea trading. Stock symbols are in parentheses and prices are as of the close in Seoul.

The Kospi Index rose 2.7 percent to 1 Rolex replica watches,875.41, its highest close since Dec. 12. The gauge fell 11 percent last year.

Refiners: SK Innovation Co. (096770 KS) added 6.4 percent to 149,500 won. GS Holdings Corp. (078930 KS) gained 3.7 percent to 53,300 won. S-Oil Corp. (010950 KS) rose 4.5 percent to 105,000 won. Refining margins in Asia will remain solid in the first quarter Omega replica watches, Woori Investment & Securities Co. said in a report today.

GS Engineering & Construction Corp. (006360 KS), a South Korean builder, rose 4.7 percent to 97,700 won, its highest close since Oct. 31. The outlook for overseas orders will be “favorable” in 2012 because of upcoming refinery projects in Kuwait, Oman and the United Arab Emirates, Shinyoung Securities Co. said in a report today.

Hyundai Glovis Co. (086280 KS), a logistics unit of Hyundai Motor Group, added 4.5 percent to 198,500 won, halting a four- day, 9.5 percent retreat. Samsung Securities Co. raised its share-price estimate to 241,000 won from 237,000 won.

LG Electronics Inc. (066570 KS) rose 1.7 percent to 77,400 won, the highest level since Aug. 2. LG may start selling the world’s largest television using the organic light-emitting diode, or OLED, technology in the second half of this year to boost stagnating TV sales. LG will unveil the model with a 55- inch screen at the Consumer Electronics Show in Las Vegas next week, Ken Hong, a company spokesman, said.

–Editor: Chan Tien Hin

To contact the reporter on this story: Saeromi Shin in Seoul at sshin15@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net

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Adam Ant – Adam Ant Postpones U.S. Tour

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Adam Ant

Picture: Adam Ant performs live at Vicar Street Dublin Rolex replica watches, Ireland ….

Adam Ant Postpones U.S. Tour

Eighties pop star Adam Ant has postponed his upcoming U.S. tour dates after his album release in the country was delayed.

Adam Ant Is the Blueblack Hussar in Marrying the Gunner’s Daughter will not hit shelves as planned in America, and as a result, the Prince Charming hitmaker has pushed back his February (12) shows.

The gigs will now take place throughout September and October (12).

A post on his website reads, “Due to circumstances beyond the control of Adam Ant, his band and his representation, the release of Adam’s new album has been delayed resulting in the re-scheduling of his February Usa tour dates. All advance purchased tickets will remain valid.

“Adam Ant and all those involved with the tour are disappointed with the delay and apologise to the many of you that have purchased tickets in advance, however he greatly looks forward to bringing an amazing show to you all on the revised dates.”

It is not known when the album will be released in the U.S.

Kumba Iron Ore First-Half Profit Rises 40% on Expo

By Jana Marais

(Updates with company comment in seventh paragraph.)

July 21 (Bloomberg) — Kumba Iron Ore Ltd., the world’s fourth-largest supplier of sea-borne iron ore, said first-half profit rose 40 percent after average export prices for the steelmaking material increased.

Net income climbed to 9.05 billion rand ($1.32 billion), 28.11 rand a share, in the six months ended June 30, from 6.49 billion rand, or 20.19 rand, a year earlier, the Pretoria-based company said in a statement today. Average prices for foreign customers jumped 56 percent, Kumba said.

Kumba is looking to expand in West Africa, either through new projects or acquisitions, said Chief Executive Officer Chris Griffith. The company targets annual production from the region of 10 million to 20 million metric tons by 2020, depending on the opportunities it encounters, Griffith said on a conference call.

Kumba is benefiting from demand in China, where it estimates steel production will rise 8 percent from a year earlier in the second half. BHP Billiton Ltd. yesterday reported record iron-ore production for an 11th year Breitling replica watches, driven by sales to China. Vale SA, the largest iron-ore producer, said this month it sees no slowdown from Chinese customers as the country seeks to build 36 million low-income houses in the next five years.

Kolomela, Kumba’s expansion project near its Sishen mine in the Northern Cape province, is “94 percent complete” and will start ore production toward the end of the fourth quarter Rolex replica watches, the company said. The mine targets annual production of 9 million tons by 2013.

Sales Increase

First-half sales climbed 35 percent to 24.1 billion rand, while the volume of ore sold was maintained at about 22 million tons, even as abnormal rainfall affected mining, the company said.

Kumba expects “modest downward pressure” on iron ore prices in the second half of the year, when global crude steel production is seasonally lower. Global production is expected to be 6 percent higher than a year earlier. Full-year costs are projected to rise 25 percent on increased expenses for wages and waste stripping, Griffith said.

Kumba, 63 percent-owned by Anglo American Plc, according to its website, said it will pay an interim cash dividend of 21.70 rand, compared with 13.50 rand a year earlier. Its shares were little changed in Johannesburg trading, 0.1 percent lower at 52.451 rand at 9:12 a.m.

Chief Financial Officer Vincent Uren plans to step down at the end of December “in order to take a break from corporate life,” Kumba said.

–Editors: John Viljoen, Alastair Reed

To contact the editor responsible for this story: Alastair Reed at areed12@bloomberg.net

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Sarah Harding – Sarah Harding ‘Moves On From Crane

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Sarah Harding

Picture: Sarah Harding London Fashion Week Spring/Summer 2012 – The Look magazine fashion show 2011 – Catwalk London Rolex replica watches, England ….

Sarah Harding ‘Moves On From Crane With Mystery Man’

Girls Aloud star Sarah Harding has silenced reports of a reunion with former fiance Tom Crane after she was spotted holding hands with a new man.

The British singer checked into a rehab clinic outside the U.K. to address depression and alcohol addiction issues following her split from the DJ in September (11).

The singer completed her eight-week treatment program last month (Nov11), and rumours suggested she subsequently rekindled her romance with Crane.

However, Harding has now sparked speculation she has put the relationship behind her after she was photographed holding hands with a mystery man during a recent day out near her home in Buckinghamshire, England.

San Miguel evaluating P20-B North Harbor facility

MANILA Rolex replica watches, Philippines – San Miguel Corp. said on Tuesday it was evaluating the viability of constructing an integrated logistics complex in the Manila North Harbor area.

The company told the stock exchange it had an initial budget of about P20 billion ($460 million) for the project, confirming details reported by the Philippine Star paper.

San Miguel said the proposed complex would include a grains terminal, ship-handling and warehousing facilities Tag heuer replica watches, and a fuel depot for the group’s storage, handling and distribution needs.

Group companies include San Miguel Brewery Inc., San Miguel Pure Foods Co. Inc., San Miguel Properties Inc. and Petron Corp.

San Miguel, which is aggressively diversifying in power and infrastructure after dominating the local food and beverage business, said the group was in talks with North Harbour Centre Port Terminal Inc. on the preparation of a master plan for Manila North Harbor, one of the country’s busiest ports.

Petron, the larger of the two oil refiners in the country, said on Monday it would buy 35% of the company that in 2009 won a 25-year contract to operate and develop the port.

Shares in San Miguel fell 4.9% on Tuesday in a market that rose 0.1%.

Snooki ball drop rescued on Jersey shore

LOS ANGELES – Fans disappointed that "Jersey Shore" star Nicole "Snooki" Polizzi will not be placed in a large ball and dropped from a building during MTV’s New Year’s Eve bash from Times Square can rest easy.

MTV confirmed on Thursday the Snooki ball drop will indeed take place, but at a new location: Seaside Heights, New Jersey, the original setting for the hit reality show.

"We love our Times Square home and while we’re disappointed there won’t be a Snooki ball drop there, she cannot be denied!" MTV said in a statement. "So we’re taking a road trip to the place where it all began, Seaside Heights, and droppin’ it all there."

"Jersey Shore" creator Sally Ann Salsano, who has spent two seasons chronicling the reality star’s antics on the show, told Reuters "there is no better way to ring in the New Year" than with Snooki.

"She’s a party in a box Cartier replica watches," said Salsano.

MTV originally wanted to drop their ball with the "Jersey Shore" star from their own building in Times Square, but when those plans conflicted with the venerable celebration in the heart of Manhattan, producers took Snooki back to Jersey.

The move was made after backers of the traditional celebration in Times Square objected saying in a statement that the request "came too late and was too impractical to fit in to our outdoor events."

For decades, the Times Square celebration has included a lighted ball is dropping from a building to signify the new year’s beginning. Snooki was to have been a new part of the tradition, courtesy of MTV.

Snooki’s fans will still be able to watch her drop inside the ball in New Jersey, live on MTV’s "New Year’s Bash 2011," on December 31 Rolex replica watches, beginning at 10:30 p.m. est.

Comedian Whitney Cummings will host the event, which will feature special appearances by members of the cast of "Jersey Shore" and "Saturday Night Live’s" Bobby Moynihan and a musical performance by hip-hop star Flo Rida among others.

 

Govt urged to raise minimum wage to decent level

MANILA, Philippines – Research organization Ibon Foundation has urged the government to approximate any planned wage hike for Metro Manila workers to the estimated family living wage.

Workers in the capital are expected to receive a pay increase this week Rolex replica watches, but the National Wages and Productivity Commission (NWPC) has hinted this may be lower than what labor groups had petitioned.

The Trade Union Congress of the Philippines has petitioned for a P75 increase, while Kilusang Mayo Uno has called for a P125 hike.

Based on 2000 prices, Ibon said the value of the current P382 minimum wage has eroded to P235 due to inflation Omega replica watches, and this is less than the daily NCR minimum wage of P250 in November 2000.

Ibon said the family living wage is already twice the daily minimum wage, and a P125 increase will not make up for the inflation-induced reduction in basic salary.

"Latest family living wage estimate from NWPC was already P917 in NCR (National Capital Region) in September 2008, or a shortfall of P535," Ibon noted.

The minimum wage in NCR has been unchanged since September 2008.

"Record unemployment and dismally poor wages are among the most important reasons behind increasing poverty in recent years, and these are solid reasons for a wage hike of a decent level," Ibon said.

"It also highlights the importance of shifting from a foreign investment and export-led growth model to a more equitable wage-consumption-and domestically driven development path."

Employers in the metro, however, cautioned against any increase in basic wage, saying this may have an impact on the economy and the country’s unemployment problem.

"Ngayon ang pinagtutuunan ng pansin ng mga employer ay ang 10 milyon na Filipino na walang trabaho at underemployed. Mas gusto sana namin na ma-cover ang walang trabaho at underemployed kaysa sa magdagdag ng sahod ngayon (The employers are more focused on the 10 million Filipinos that do not have jobs and are underemployed. We would like to solve this problem rather than increase salaries)," Ed Lacson, president of the Employers Confederation of the Philippines, earlier told ABS-CBN.

Lacson added that a pay increase would be expensive for employers who will have to spend more for overtime pay and miscellaneous payments, including contributions to Pag-IBIG Fund and Social Security System.

Flush so we don’t blush, Taiwan city says

TAIPEI (Reuters) – A city in south Taiwan began training potty users this week to flush toilet paper instead of throwing it in the trash, to reduce 340 tons of stinky waste generated daily, local media and officials said on Tuesday.

“An old habit is to throw toilet paper in the trash can beside the toilet, which causes a major stink that’s bad for public sanitation,” city Environmental Protection Bureau Director Chang Hwang-jen told Reuters.

“Japanese and Western visitors who come to Taiwan find this Taiwan toilet habit to be quite poor Cartier replica watches,” she added.

Taiwan’s plumbing can now handle toilet paper without clogging the pipes, a break from the past, the city of Tainan told its 764,000 citizens at a news conference on Monday.

Leaders in other Taiwan cities haven’t gotten off the pot on the issue, Chang said.

Toilet sitters in Taiwan and China customarily target trash bins instead of the porcelain because of pipe backup worries. Clogged pipes in Tainan are caused by the flushing of other objects, such as toothbrushes, Chang said.

Sticking non-recyclable toilet paper in the trash also costs the city T$4,600 ($151) per tonne, or T$600 million per year Rolex replica watches, to treat, local media said.

Tweets 2011 AFC Challenge Cup PHI vs MGL

A curated list of tweets about the 2011 AFC Challenge Cup match Rolex replica watches, PHI Azkals vs MGL Blue Wolves Tag heuer replica watches, at the Panaad Stadium.

Widget courtesy of Storify.com

Rose, James, headline All-NBA 1st team

NEW YORK – Miami’s LeBron James and the man who ended his two-year reign as Most Valuable Player, Derrick Rose, headline the 2011 All-NBA first team announced on Thursday.

James, who won two straight MVP awards with Cleveland and has this season helped Miami reach the Eastern Conference finals, was the only unanimous choice, receiving 119 first-place votes from a sports media panel.

James earned first-team honors for the fourth straight season and fifth time overall while Rose Rolex replica watches, who became the NBA’s youngest MVP after leading the Bulls to the league’s best record of 62-20, earned his first All-NBA selection.

Joining James and Rose on the first team are Kobe Bryant of the Los Angeles Lakers, Kevin Durant of the Oklahoma City Thunder and Dwight Howard of the Orlando Magic.

Howard, an All-NBA first team selection for the fourth straight season, has already claimed the Defensive Player of the Year award, becoming the first player to win the award three straight seasons.

Bryant, an All-NBA first team selection for the sixth straight season and ninth time in his career, finished fifth in the league in scoring (25.3 ppg), while averaging 5.1 rebounds and 4.7 assists.

However, the honor will likely be little consolation to Bryant after the Lakers were swept out of the playoffs in the second round by Dallas.

Durant, who led the league in scoring with an average of 27.7 points per game Cartier replica watches, was selected to the first team for the second time.

For more NBA action, watch the games on Studio 23 free TV. The games will also be shown on cable channel Basketball TV (BTV).