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Telenor phones in profit tumble for 2011 following difficulties in India

February 5, 2012 by Laura Reveley · Leave a Comment 

Net profit in 2011 fell 44.6 percent from the level a year earlier to 7.9 billion kroner in large part due to complications from its majority stake in Indian company Uninor.

India’s Supreme Court last week cancelled second-generation mobile licenses issued in 2008 to a host of companies with foreign partners on the grounds the sale was rigged, costing the government some US$40 billion in lost revenues.

Telenor entered what is now the world’s second biggest telecom market in 2009, taking a 67.25-percent stake in Uninor which holds 22 of the 122 licenses cancelled by the India Supreme Court.

Filed under Financial Reviews · Tagged with Difficulties India, India

A collector’s guide to converting junk silver into bullion

January 21, 2012 by Laura Reveley · Leave a Comment 

By Kayla McBrideJunk Silver is a name given to any piece of silver based on its condition. The particular condition of the coin must be deemed fair or rough. Junk silver usually offers no real value to a collector of silver coins exceeding the bullion value. This is what makes old silver coins collectors convert the silver into bullion. Commonly collected forms of junk silver include mercury dimes and Roosevelt dimes. In general collectors and investors sell the silver coins via a coin dealer, through a site such as Craigslist or eBay, or through classifieds as this allows for them to reap the benefits from the silver coins.

To successful convert junk silver coins into bullion, one has to use a calculator first so they can know how much bullion they will receive once the silver is converted at a refinery. The calculator usually has specific types of junk silver such as a Kennedy half-dollar or a Washington Quarter where it assesses the value of the silver coin.

Complete Article…

Filed under Financial Reviews · Tagged with Junk Silver, Silver

Best Credit Cards for Your Credit Range

January 19, 2012 by Hudson Watts · Leave a Comment 

Guest Post: Credit Karma

Picking your next credit card is a lot like shopping for a new outfit.

You could shop according to a familiar name brand, like Discover or Chase. Or shop according to credit card typerewards, travel, low interest, secured, and morethe way you’d shop at specialty stores for a specific garment.

Or you can shop according to your credit score range, sort of like shopping by department stores that fit your budget. You go to Target, because you know you can afford their mid-range offerings. If you can afford to live lavishly, you shop Neiman Marcus.

Likewise, shopping according to your credit range gives you the most diverse selection of options that have one, important thing in commonthese cards are in your reach. The cards recommended for your credit range are the cards you have the biggest chance of approval for. It’s the most practical strategy to narrow your plastic preference.

So, let’s go credit card shopping.

Poor Credit

Plastic preference: A credit card is your #1 tool to establish or rebuild credit.

Complete Article…

Filed under Financial Consultant · Tagged with Credit, Credit Range

NHS Health Solutions’ BVI subsidiary moves towards revenue

January 17, 2012 by Hudson Watts · Leave a Comment 

NHS Health Solutions, Inc. has announced that its wholly owned subsidiary, a British Virgin Islands-registered corporation Mineseeker Operations Overseas Limited has made significant advancements toward its target to be under revenue by the second quarter of 2012. During the past 5 months, the BVI company has invested in excess of US$200,000 in order for the data collected during trials in Croatia to be processed and finalised. Mineseeker will also make available samples of the images to the market in general.

This month, the management team of the BVI company have been asked to travel to Mozambique to present the results of the trials to government ministers responsible for humanitarian demining and the oil and gas sectors. Mineseeker is confident that it will secure letters of intent for both the humanitarian projects and for the liberation of land in the oil and gas concessions as a result of these meetings.

Filed under Financial Consultant · Tagged with Nhs Health, Subsidiary

Collateral shifts in the eurozone

January 14, 2012 by Laura Reveley · Leave a Comment 

We all know the story in the public repo market. The European Central Bank has provided three years worth of funding against the widest range of collateral it has ever dared to accept, and is preparing to do it all again in February. We know the type of collateral it accepted, and how much funding it provided.

But what, pray tell, is the story in the private interbank repo market?

According to the European Repo Council, which has just released its bi-annual repo market survey, there have been a number of interesting developments.

Among the most intriguing, according to Richard Comotto, the report’s author, is the shift in the type of collateral being used in the market, specifically the decrease of the use of both German and Italian bonds.

As the ERC’s press release notes :

Heightened risk-aversion among investors was evident in changes in the collateral composition of the market. Overall, the share of government bonds within the pool of EU originated collateral rebounded in this most recent survey to 79.1% of the market from 74.3% in the previous survey.

Complete Article…

Filed under Financial Reviews · Tagged with Collateral, Collateral Shifts

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