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Travel to Cambodia will always be high on anybody's travel list as it offers one of the greatest human achievements of ancient architecture and sculpture. . [Img] http://www.asiaviewtravel.com/Images/Item/YAJKINyoy.jpg [/ img] In order to truly understand the country, your vietnam cambodia tours must include one of the great archaeological sites in the world, Angkor complex. Over 100 temples have been discovered and all were built between the 9th and the 13th centuries. That can take weeks to explore if you want to see it all [img] http://www.asiaviewtravel.com/Images/Item/tGBbrNdAr.jpg [/ img]

So charming is the capital Phnom Penh - a vibrant city on the banks of the Mekong, the Tonle Sap lake and the Bassac, with famous National Museum, Silver Pagoda, the Royal Palace and the Wat Phnom, Victory Monument and Killing Field. Come and admire beautiful Cambodia!



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The hottest frontier
April 8, 2013 |
Filed under: Africa |
Posted by: Editor
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<p><strong><a href="http://www.guccicheapsale.com">gucci bags</a></strong> WHEN you are trying to keep a retail outfit afloat amid hyperinflation, it helps to have a sideline. “We had a business selling crocodile skins to Hermès and Gucci for shoes and handbags,” says John Koumides, chief executive of Innscor, a conglomerate based in Zimbabwe’s capital, Harare. The currency earned from this exotic export was a lifeline for the firm’s other arms, including its SPAR stores, when Zimbabwe’s shops were short of stock in 2008 as its currency collapsed.</p>
<p><strong><a href="http://www.guccicheapsale.com">gucci online</a></strong> Innscor survived. It remains an unwieldy mix of businesses even though it has shed the crocodile-skin enterprise. But it is attracting attention from investors seeking to profit from the emergence of a new class of African consumers: its shares have risen by 50% in the past year. The firm’s mainstay, and the bit that excites the most interest, is fast food, with brands including Chicken Inn and Pizza Inn. Its outlets are now in a handful of other African countries, including Nigeria.</p>
<p><strong><a href="http://www.guccicheapsale.com">luxury handbags</a></strong> Africa’s equity markets are hot, with investors attracted by the sub-Saharan region’s GDP growth rate of more than 5% over the past three years. The main markets in Nigeria and Kenya have risen by more than 50% in the past year (see chart). Over the past decade Africa supplied six of the world’s ten economies with the fastest growth. By 2020 more than half of African households will have enough income to splurge some of it on non-essentials, according to McKinsey, a consultancy. Furthermore, more than half of Africa’s population is aged under 20. Within three decades it will have a larger working-age population than China.</p>
<p><strong><a href="http://www.guccicheapsale.com">gucci sales</a></strong> But Africa is short of savings and capital. That creates an opening for rich-world investors seeking a better return than is available at home. North Africa, tied to Mediterranean trade, is fairly well developed and is seen by some as a separate investment proposition. So is South Africa, the continent’s biggest economy, which has a slower growth rate than most of its neighbours and more mature consumer and financial industries.</p>
<p><strong><a href="http://www.guccicheapsale.com">luxury handbags</a></strong> The real source of excitement is the “frontier markets” of sub-Saharan Africa. “This is where the flavour is,” says Thabo Ncalo, who manages an Africa Fund for Johannesburg-based Stanlib. Small investors looking for a taste might choose to buy a stake in a mutual fund or one of the exchange-traded funds that mechanically track an index of frontier-market stocks.</p>
<p>Fund managers are mindful of the liquidity problems that forced the closure of New Star’s Africa Fund in 2009 barely a year after it was launched. Of 200-odd shares listed on Nigeria’s stockmarket, the largest of the frontier markets in sub-Saharan Africa, perhaps two dozen are liquid enough to make mutual-fund managers feel truly comfortable. A handful of big consumer firms that have been in Nigeria for a long time, such as Unilever and Nestlé, are listed locally and are liked by foreign investors. A local favourite is UAC, a food company with interests in paint and property, which has doubled in value in the past year. Its Gala sausage rolls are a popular snack and it is the local partner with Innscor’s fast-food outlets.</p>
<p>Beer companies are another way to gain exposure to the African consumer. Nigerian Breweries makes Star Lager and Legend Extra, a stout for those who think Guinness lacks punch. East African Breweries, listed in Nairobi and half-owned by Diageo, has similar appeal. Its combined market in Kenya, Uganda and Tanzania is more than 120m people, not much smaller than the Nigerian market of 167m.</p>
<p>Beyond Nigeria and Kenya is a big “liquidity cliff”, says Andrew Brudenell, who runs a frontier fund for HSBC. The next-largest exchange is Zimbabwe’s. Even quite large stocks can be hard to buy and sell on a given day. PZ Cussons Nigeria, an offshoot of the Manchester-based firm behind Imperial Leather soap, has an average daily turnover in its stock of $220,000, notes Mr Brudenell. But strip out the big blocks of shares that occasionally change hands and the stock churns $73,000 a day.</p>
<p>One way around the shortage of liquid stocks is to buy companies that have most of their assets or earnings in Africa but are listed elsewhere. Some mining firms listed in London and Toronto have most of their assets in Africa. The trouble with such stocks is that they are a gamble on commodity prices and the skill of a team of geologists rather than a bet on a broader story about Africa’s improving economy.</p>
<p>That is why some mutual funds prefer stocks such as MTN, a South African cellphone firm that makes a lot of its money in the rest of Africa. Shoprite, the largest grocery retailer in South Africa, is growing beyond its home base in South Africa and in a few years might similarly qualify for inclusion as a frontier investment. A concern for would-be investors is that mutual funds stick only with liquid stocks—even ones that look expensive—and miss out on small and local businesses, such as retail chains, that could turn into regional giants.</p>
<p>The public-equity pipeline</p>
<p>Some investors fret that the supply of fresh equity may fail to keep pace with the demand from rich-world buyers. Family-owned businesses are often unwilling to cede control by selling shares. A privatisation drive in Rwanda, which took off with the sale of the country’s biggest bank and of a big stake in its main brewer, has lost momentum.</p>
<p>Yet demand usually creates its own supply. “You can’t always put a lot of money to work very quickly,” says Clifford Sacks, the chief executive of Renaissance Capital in Africa. But patient investors can benefit from “liquidity events” when a chunk of stock is suddenly on offer. Ecobank, a Togo-based bank, raised $250m last year from PIC, South Africa’s state-employee pension fund, to buy Oceanic Bank, a Nigerian lender.</p>
<p>What is more, because liquid stocks</p>
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How Overseas Trends Affect U.S. Investors By Ruisha Qian, Contributing Writer, Kiplinger.com
| Kiplinger &ndash; Wed, Aug 21, 2013 12:00 AM EDT
watches When the U.S. market sneezes, the saying goes, the rest of the world catches a cold. But the relationship can work the other way, too. These days, many investors look abroad for signals about how the U.S. stock market will perform.
See Also: Look Overseas for Cheap Stocks
high quality swiss replica watches Is it any wonder? Foreign market moves and news from Europe, China and other key economies - whether good or bad - can quickly spill over to Wall Street. Consider, for instance, the effect the Greek crisis had on the U.S. market in 2011. Standard & Poor's 500-stock index tumbled 18.6% during that year's market correction - largely over concerns about a Greek default. And these jitters about the slowdown in China's once-torrid economic growth can send the U.S. stock market tumbling. "The international market matters very much to the U.S. [now], more than ever. The capital market has been globally linked, and the U.S. can't move forward alone," says Jim Russell, a stock-market strategist with U.S. Bank.
replica watches That's why many forecasters and investors go beyond checking domestic company earnings or U.S. job reports. To get a good read on the U.S. market, they also observe the economic conditions of foreign countries, the strength of the euro against the dollar, and the health of China's manufacturing industry, among other things. Read on for more details on foreign indicators and what they mean for the U.S. market.
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best replica watches Mark Luschini, a strategist at Janney Montgomery Scott, a brokerage firm based in Philadelphia, says he watches the same key economic and business measures for Germany, France, Spain and China as he does for the U.S. They include gross domestic product and the purchasing managers index (a measure of the health of the manufacturing and services industry). Over the past half year, Russell says, Europe has been stabilizing, which has been good news for U.S. companies, especially multinational firms that export their goods to the region. Luschini says he also keeps an eye on investor sentiment overseas - such as the German ZEW Indicator of Economic Sentiment, as it is officially known - and consumer confidence. Finally, major market indexes, such as China's Shanghai Composite and Japan's Nikkei, are important benchmarks, too. Strong overnight gains in Asia can boost investor confidence when the U.S. market opens a few hours later.
Dirk Hofschire, a senior vice-president of Fidelity's investment-management arm, says he likes to focus on indicators such as employment and housing, in addition to GDP, to get a comprehensive picture of the soundness of a foreign nation's economy. "If other countries are doing well, it's good news for U.S. companies," Hofschire says.
The euro
If the euro strengthens against the dollar, it means that European customers get a break when they buy stuff made in the U.S. That's a plus for U.S. companies that export to Europe. "The first thing I do when I get up in the morning," Russell says, "is to check out how the euro is trading."
European government debt yields
Russell checks yields on ten-year German, Spanish, Greek and Italian government bonds. If their bond yields are rising too much or are way higher than U.S. yields, it means the market is losing confidence in a country's ability to pay down its debts and investors are pulling their capital away.
If the yield on a ten-year government bond surpasses 6%, Luschini says, that is a warning. Seeking to restore stability in the debt markets and boost investor confidence, the European Central Bank stepped in to buy Spanish and Italian debts in August 2011 just after yields on their ten-year bonds breached the 6% level.
Today's yields indicate that the European economy is in better shape. That's a good sign for the U.S. market, too. As of August 20, ten-year Spanish and Italian government bonds yielded 4.47% and 4.31%, respectively (compared with more than 6% for Spain and more than 5% for Italy a year ago). The ten-year German government bond now yields 1.84%.
Yields on shorter-term government bonds - say, those maturing in two years - are also important indicators, Luschini says. If yields on short-term paper are spiking, it indicates that the issuing government may have trouble finding buyers when the bonds mature and it needs to sell new debt.
China's PMI
If you're looking overseas to get a read on the U.S. market, it's hard to ignore China. China is the world's second-largest economy and, until recently, the world's growth engine. Russell turns to China's purchasing managers index because he says it is crucial in gauging the health of the manufacturing and services industry.
However, Luschini says there is a potential problem if investors look only at the official data. "China's statistics are less transparent," Luschini says, so you have to compare the government data with that of other sources. In July, the official manufacturing PMI climbed to 50.3, but the HSBC/Markit PMI was 47.7. (A number higher than 50 indicates an economy is expanding; a number under 50 indicates it is contracting.) The official PMI focuses more on big corporations, while the HSBC PMI surveys more small and midsize businesses. "You just have to reconcile or believe one of them and see which one is a better indication," says Luschini. Another worthwhile indicator of economic activity in China is electricity consumption. When power consumption (a figure issued by the country's National Energy Administration) is on the rise, it's a sign that businesses are humming along.
Government and central bank policies
Foreign countries' policies can be an important information source. Russell suggests paying attention to the trade and monetary policies of foreign nations, especially those of China and Japan, both of which have fairly new leaders. Also, European Central Bank decisions can be important indicators of whether economic growth in that region is accelerating or slowing down. "You need to get as much exposure and information as you can about all these geographies," Russell says.
EDITOR'S PICKS
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Wall St. week ahead: Economic data to steer bets on Fed's next move Reuters &ndash; Fri, Aug 23, 2013 6:27 PM EDT
Related Content View Photo tiffany A trader works on the main trading floor of the New York Stock Exchange (NYSE) shortly after the opening bell in New York, May 20, 2013. REUTERS/Mike Segar
RELATED QUOTES Symbol Price Change WMT 73.03 AAPL 502.97 WAG 48.82 TGT 64.13 CSCO 23.83
By Ryan Vlastelica
replica tiffany NEW YORK (Reuters) - Wall Street just went through its weakest three-week period since November, not to mention a panicky spell when the Nasdaq stock market ground to a halt. But that doesn't mean the pain is over.
tiffany and co Next week is unlikely to bring much clarity to the primary issue facing markets: when and by how much will the U.S. Federal Reserve slow its accommodative monetary policy. Uncertainty, along with what is expected to be anemic trading heading into the Labor Day holiday on September 2, could make for a volatile week.
<a href="http://www.boytoystoys.com">tiffany</a> "We're cautious about the next few weeks, so we're taking gains now," said Michael Mullaney, who helps oversee about $9.5 billion as chief investment officer at Fiduciary Trust Co in Boston. "It's not like we're on the precipice of recession, but there's not much for investors to get excited about and we're expecting volatility to pick up."
tiffany rings Traders had hoped that the Fed's meeting minutes issued on Wednesday would provide direction about whether the Fed would begin to reduce its $85 billion-a-month of bond-buying in September. Instead, the minutes painted a mixed picture, with some members advocating patience.
<a href="http://www.boytoystoys.com">tiffany co</a> The mixed signals create a double-edged sword. While the stimulus has fueled the market's solid gains in 2013, for the Fed to continue its cheap money policy would signal the economy is too weak to advance without intervention. The CBOE Volatility index (.VIX), a measure of investor anxiety, is up 16.7 percent over the past three weeks.
The Fed has said that the policy change depends on whether the economy meets growth targets, making markets even more sensitive than usual to financial data. Next week will see a report every day.
July durable goods orders are due on Monday while the final reading for the Thomson Reuters/University of Michigan consumer sentiment index will come on Friday. Perhaps the most important will be Thursday's latest estimate of U.S. gross domestic product for the second quarter. The data is expected to show the economy grew a revised 2.2 percent annualized rate last quarter compared with a 1.7 percent reading last month.
While a weak report would be a bearish sign for the economy, some analysts speculated that a strong reading could have negative implications for the market.
"If GDP comes in above 2.5 percent, that could be problematic because it will suggest that the Fed could take a bigger bite out of stimulus than we are currently expecting," said Bruce Bittles, chief investment strategist at Robert W. Baird & Co in Nashville. "That would put the stock market in jeopardy."
The S&P 500 lost 2.7 percent over the past three weeks, taking the benchmark index below its 50-day moving average for several sessions. The index closed above the technical measure on Friday, but the light volume may be blurring the technical signal and the S&P may find a floor at its 100-day moving average, now at 1,635.81.
"That should serve as pretty decent support," said Douglas DePietro, managing director at Evercore Partners in New York, adding that markets would be range-bound between that level and the S&P's all-time high of 1,709.67, reached earlier this month.
"We'll see a lot of listless trading until the September Fed meeting," he said. "We're in a bit of an information void until then. There aren't a lot of catalysts to look forward to and most of Wall Street is on holiday."
For this week the Dow fell 0.5 percent, the S&P gained 0.5 percent and the Nasdaq added 1.5 percent.
Daily trading volume has been among the lightest of the year in recent sessions, as is typical at this time of year. Light volume can amplify market moves, resulting in dramatic intraday swings.
Low volume was dramatically exacerbated on Thursday after a technical issue shut down trading on all Nasdaq issues, equivalent to $5.9 trillion in market capitalization, for more than three hours.
Friday trading was smooth and the day's gains helped the S&P 500 and Nasdaq Composite end a two-week losing streak, but the Dow posted its third consecutive weekly decline.
A few notable companies will report earnings next week, including Tiffany & Co (TIF.N), Campbell Soup Co (CPB.N) and Joy Global Inc (JOY.N).
Salesforce.com Inc (CRM.N) is also due to report, and investors will scour the results to see if the maker of online sales software can justify its outsized valuation. The stock has a P/E ratio of 99.47, compared with the 15.57 ratio of its peers.
Warnings for third-quarter U.S. earnings are below second-quarter levels but are rising, Thomson Reuters data showed.
Negative outlooks are outpacing positive ones for the third quarter by 5.1 to 1, up from a little more than 4 to 1 a week ago. The negative-to-positive ratio for the second quarter was 6.3 to 1.
As a result, estimates for third-quarter earnings are down. Growth is estimated at 5.1 percent from a year ago, down from a July 1 estimate of 8.5 percent growth and close to second-quarter's growth of 4.8 percent, with results in from most companies.
(Reporting by Ryan Vlastelica, additional reporting by Caroline Valetkevitch; Editing by Kenneth Barry)
Related Content Wall Street ends up a day after Nasdaq outage, &hellip; Wall St ends up a day after Nasdaq outage, Microsoft &hellip; Markets ending volatile week on steady note Nasdaq trading halts; stocks up on positive d &hellip; Wall St Weekahead: U.S. stock investors pin hopes &hellip; Wall St posts worst week since June with Fed in &hellip; Wall Street rebounds to end three-day drop as &hellip; Nasdaq Resumes Trading After Glitches Force Shutdown ABC News Videos Nasdaq Fail: Integrity Questioned TheStreet.com Videos Markets weigh latest economic data Wochit
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US stocks retreat on Syria concern as treasuries, crops gain
Stocks erase earlier gains after John Kerry says US president to hold Syria govt accountable for chemical weapons use
Stephen Kirkland
| Nick Taborek
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First Published: Mon, Aug 26 2013. tiffany 09 31 PM IST
Traders work on the floor of the New York Stock Exchange. wholesale tiffany jewelry Photo: AFP
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Updated: Tue, Aug 27 2013. wholesale tiffany jewelry 01 36 AM IST
London/New York: US stocks fell, erasing earlier gains, as secretary of state John Kerry said the president will hold Syria&rsquo;s government accountable for using chemical weapons. tiffany outlet online Treasuries held onto earlier gains triggered by a drop in durable goods orders, while crops led commodities higher.
The Standard and Poor&rsquo;s (S&amp;P) 500 Index decreased 0.4% to 1,658.08 at 3.52pm in New York. cheap tiffany The yield on 10-year Treasuries dropped 2.6 basis points to 2.79% while the S&amp;P GSCI Index of 24 raw materials touched a one-month high, with corn and soybeans surging as hot, dry weather in the Midwest threatened to reduce crop harvests. tiffany silver Turkey&rsquo;s lira slid as much as 0.6% to a record against the dollar and India&rsquo;s rupee sank 1.5%.
The S&amp;P 500 was up as much as 0.4% earlier and turned lower as Kerry said President Barack Obama will make an informed decision and hold Syria&rsquo;s government accountable for the moral obscenity of using chemical weapons against its people. Economic data this morning showed durable goods orders in the US fell in July for the first month since March, triggering speculation the Federal Reserve (Fed) will not commit to a large-scale reduction in stimulus efforts.
&ldquo;If there&rsquo;s going to be turmoil and then if there&rsquo;s going to be some retaliation and affect US assets, people get a little scared,&rdquo; Frank Ingarra, head trader at Greenwich, Connecticut-based NorthCoast Asset Management Llc, said in a phone interview. &ldquo;It&rsquo;s a bit of a pullback so people are probably taking some risk off the table.&rdquo;
Central banks
Stocks, bonds and commodities have been whipsawed since May, when Fed chairman Ben Bernanke first signalled the prospect of cuts to stimulus should the economy and job market continue to improve. The Fed will probably pare its $85 billion a month in bond purchases at its 17-18 September meeting, according to 65% of economists surveyed by Bloomberg on 9-13 August.
European Central Bank (ECB) governing council members Panicos Demetriades and Ewald Nowotny split over whether scope remains for further interest-rate cuts, while three regional Fed presidents differed over the timing for reducing bond buying as central bankers met over the weekend in Jackson Hole, Wyoming.
The ECB still can&rsquo;t rule out lowering the benchmark rate from the record low of 0.5%, Bank of Cyprus Governor Demetriades said in a 24 August interview. Bank of Austria Governor Nowotny said on 22 August that he doesn&rsquo;t see many arguments now for a rate cut after the recent stream of good news.
&lsquo;Slow recovery&rsquo;
The S&amp;P 500 advanced 0.5% last week, halting a two-week slide. Bookings for goods meant to last at least three years decreased 7.3% last month, the most since August 2012, after a 3.9% gain in June, the US commerce department said on Monday. The median forecast of economists surveyed by Bloomberg called for a 4% drop.
&ldquo;It&rsquo;s another data point that indicates a slow recovery,&rdquo; Eric Teal, who helps oversee $5 billion as the chief investment officer at First Citizens BancShares Inc. in Raleigh, North Carolina, said by phone. &ldquo;This is all pointing towards less tapering by the Fed, which is probably bullish for the stock market in general.&rdquo;
Among stocks moving on Monday, Onyx Pharmaceuticals Inc. jumped 5.6% after Amgen Inc. agreed to acquire the cancer treatment developer in a $10.4 billion transaction. Tyson Foods Inc., the largest U.S. meat processor, fell 7.1% after Bank of America Corp. analysts cut their rating on the stock.
Facebook Inc. rallied for a third day, gaining 1.7% and sending its market value above $100 billion amid optimism the world&rsquo;s largest social network can bolster sales from mobile advertising.
Rising valuations
Price gains of stocks in the S&amp;P 500 are outpacing profits by the fastest rate in 14 years as the bull market extends beyond the average length of rallies since 1946. The benchmark gauge for US equities has risen 14% relative to income over the past 12 months to 16 times earnings, according to data compiled by Bloomberg . Valuations last climbed this fast in the final year of the 1990s technology bubble, just before the index began a 49% tumble.
About two shares declined for each that gained in the Stoxx Europe 600 Index, while the gauge closed little changed amid volume 57%&emsp;lower than the 30-day average. UK markets were shut for a holiday.
Royal KPN NV increased 3% in Amsterdam after winning the support of minority shareholder America Movil SAB for the sale of its German business to Telefonica Deutschland Holding AG after the acquirer agreed to sweeten its bid.
The MSCI Emerging Markets Index was little changed after slumping 2.7% last week. About $1.4 trillion has been erased from the value of emerging market equities since Bernanke said on 22 May that policy makers could scale back bond buying.
Soybeans gained 4.6% and corn rallied 6.5%.
Crop concern
Temperatures will average as much as 14 degrees Fahrenheit above normal during the next seven days, with little rain expected in the Midwest, T-Storm Weather Llc said in a note to clients on Monday. Rainfall in July and August will be the least since 1936 in Iowa, Illinois and Indiana. Soybean yields will be 1.8% lower than the government forecast on 12 August, Professional Farmers of America said on 23 August, after a tour of more than 2,600 fields in seven states last week.
West Texas Intermediate crude lost 0.5% to $105.92 a barrel following the durable goods report and as Libya restarted exports from a previously closed port. Gold increased 0.3% to $1,401.64 an ounce while silver added 0.7% at $24.24 an ounce.
The US currency was stronger against 10 of 16 major peers and the Bloomberg US Dollar Index, a gauge of the greenback versus 10 counterparts, increased 0.1%.
Thirty-year Treasury yields, which reached a two-year high last week, fell two basis points to 3.77%. Two-year rates lost one point to 0.36%.
Yield spread
As the US bond market suffers its worst rout since 2009, the gauge that historically signals more pain for fixed-income investors is instead suggesting yields are near their peak.
The gap between 2- and 10-year Treasury yields widened to 2.55 percentage points this month, double the median of 1.23 points since 1990 and approaching the record 2.93 points in February 2010, data compiled by Bloomberg show. The yield curve is steepening at the fastest pace since 2009 as the Fed signals its intent to keep the target interest rate for overnight loans between banks at about zero into 2015 while reducing the bond-buying economic stimulus that drove 10-year yields to the highest level in more than two years.
Italian 10-year yields rose five basis points to 4.38% and Spain&rsquo;s rate was little changed at 4.46%.
Jonathan Morgan in Frankfurt, Yoshiaki Nohara in Tokyo, Emma O&rsquo;Brien in Wellington, Sharon Lindores, Andrew Rummer, Grant Smith and Anchalee Worrachate in London, Glenys Sim in Singapore, and Daniel Kruger and Liz Capo McCormick in New York. Bloomberg
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First Published: Mon, Aug 26 2013. 09 31 PM IST
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Tiffany, Signet Earnings: Does Luxury Retail Sparkle?
By Marilyn Much , INVESTOR'S BUSINESS DAILY &nbsp;Posted&nbsp; 08/26/2013 12:28 PM ET
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Investors will get a read on how luxury retailers fared in Q2 when Tiffany &amp; Co . ( TIF ) and Signet Jewelers ( SIG ) report earnings this week.
If analysts are on target, Tiffany will see an uptick in profit growth from the prior quarter, but a slight decline in the pace of sales gains, while Signet will see a slowdown in both measures.
Analysts polled by Thomson Reuters expect Tiffany to report a 3% rise in earnings to 74 cents a share when the upscale jeweler reports results on Tuesday before the bell. That would compare with a 2% gain in Q1. They forecast the jeweler will post a 6.1% rise in sales to $941.37 million. That would compare with a 9% increase in Q1.
The Street sees Signet showing a 1% decline in earnings to 83 cents a share when it reports early Thursday. That would be down from Q1’s solid 18% EPS gain for the operator of Kay Jewelers and Jared The Galleria Of Jewelry. Sales likely rose 6.6% to $909.90 million. That would compare with a 10% increase in Q1.
Signet and Tiffany shares fell fractionally Monday afternoon, but are close to record highs, especially Tiffany.<BR>A slew of retailers have showed disappointing results this earnings season as many mid-to-low end consumer have pared spending on discretionary goods. Through August 22, 33% of retailers that had reported had missed views, according to Ken Perkins, president of Retail Metrics. That’s well above the long-term average of 19%, Perkins says.
But upscale chains have generally have fared better. Michael Kors ( KORS ) reported much-better-than expected quarterly results earlier this month. The fashion house’s shares were trading at record highs Monday intraday.
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FleetCor Paces Top Stocks, Hits New High In Big Trade <p><strong><a href="http://www.tiffanyjewelrycool.com">tiffany</a></strong> FleetCor Technologies (FLT) led a number of sector-leading stocks to test new highs Monday. Finance, medical and software stocks performed especially well. FleetCor, which provides fuel cards to commercial vehicle fleets, climbed 1.88 to 104.70 in heavy volume. It's now 4% above a 100.97 buy point&nbsp;...</p>
08/26/2013 06:45 PM ET
Top Stocks Leave Investors Waiting For New Buy Points <p><strong><a href="http://www.tiffanyjewelrycool.com">tiffany and co</a></strong> Most of the top-quality stocks in the Spotlight screen are out of buying range, leaving investors with no choice but to wait for a new entry point to emerge. Actavis (ACT), LinkedIn (LNKD), Michael Kors (KORS) and Lumber Liquidators (LL) are all IBD Leaderboard stocks, indicating that they possess&nbsp;...</p>
08/21/2013 06:44 PM ET
IBD 50: Michael Kors, AVG Among Top 5 Foreign Stocks <p><strong><a href="http://www.tiffanyjewelrycool.com">tiffany silver</a></strong> Chinese stocks used to get all the attention on IBD's leaders lists. But other countries' stocks are staking a claim, as the latest IBD 50 list shows. The top five foreign stocks are a global mix that includes AVG Technologies (AVG), Yandex (YNDX), New Oriental Education (EDU), MercadoLibre (MELI)&nbsp;...</p>
08/17/2013 08:05 AM ET
Ctrip Leads Top 6 China Stocks With Rising Estimates <p><strong><a href="http://www.tiffanyjewelrycool.com">tiffany jewelry</a></strong> Ctrip.com (CTRP) and Soufun Holdings (SFUN) lead a group of Chinese stocks with steep upgrades in their expected earnings, helped by a domestic economy that is regaining momentum. Today's Screen Of The Day is Leaders With Rising Estimates, top-rated companies with the greatest upward revisions to&nbsp;...</p>
08/16/2013 08:05 AM ET
Kors, Facebook, Priceline: Columbia Fund's Innovators <p><strong><a href="http://www.tiffanyjewelrycool.com">tiffany rings</a></strong> The $5.9 billion Columbia Select Large Cap Growth Fund only bets on its managers' best ideas. The concentrated portfolio held 31 stocks as of June 30. The fund managers have earned props as successful investors by making sure many names in their small portfolio are innovators, such as Michael Kors&nbsp;...</p>
08/13/2013 05:04 PM ET
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Celgene Eyes New Cancer Drug Uses As Stock Thrives <p><strong><a href="http://www.tiffanyjewelrycool.com">cheap tiffany</a></strong> Big biotech Celgene (CELG), focused on cancer drugs at a time when the industry niche is hot with investment, owns several treatments that show promise. It's seeking wider use for its blockbuster Revlimid, a treatment for blood cancers, and is exploring other ways to diversify its lineup and extend&nbsp;...</p>
08/26/2013 06:08 PM ET
Syria Makes Headlines, But Alliant Up On News At Home <p>Syria is making headlines as the White House debates involvement in the civil war, but defense stocks are moving Monday on small contracts and the popularity of gun sales at home. U.N. inspectors are investigating the probable use of nerve gas by President Bashar Assad's forces. President Barack&nbsp;...</p>
08/26/2013 02:21 PM ET
Durable Goods Orders, Core Demand Sink; Autos Rise <p>Bookings for goods meant to last at least three years decreased 7.3%, the most since August 2012, after a 3.9% gain in June, the Commerce Department said today in Washington. The median forecast of economists surveyed by Bloomberg called for a 4% drop. Orders waned for aircraft and capital goods&nbsp;...</p>
08/26/2013 11:18 AM ET
Facebook, Baidu Lead IBD 50's 5 Big Money Stocks <p> Stocks that trade with a high dollar volume are more stable than smaller companies as their liquidity attracts institutional investors. Smart investors should be keeping large, highly traded companies on the IBD 50 on their watch lists. The IBD 50 list of companies is based on superior earnings,&nbsp;...</p>
08/24/2013 08:05 AM ET
Pound For Pound, Are Biotechs Still Worth Their Salt? <p> If you think the federal government is leaky these days, it's got nothing on the biotech industry. Ever since Amgen (AMGN) bid $10 billion for up-and-coming Onyx Pharmaceuticals (ONXX) back in June, the drama has dribbled out to Wall Street largely through news reports citing unnamed sources. Over&nbsp;...</p>
08/23/2013 06:12 PM ET
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2 men stabbed in altercation with band of 30 teens
Adults backing out of drive fight off gang of partying kids
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By John Sullivan
Times Herald-Record
Published: 2:00 AM - 08/26/13
Two men were sent to the hospital with multiple stab wounds after a fight late Saturday near Middletown.pocket watches According to witnesses, a crowd of young people, 14-19 years old, attacked two middle-aged men about 11:30 p.m. on Rockwell Avenue, just outside Middletown in the Town of Wallkill.men watch Don Estevez, who lives on the street, said his son, Jody Estevez, 39, had come over to watch a NASCAR car race with his friend Brad Redfern. Redfern and Jody Estevez are contemporaries, the father said.men watch

A band of 30 teens When Jody Estevez got in his car to leave for home, Redfern got into an altercation with a group of about 30 teens who had come from a party down the street, the father said. Estevez got out of his car to help Bradford and was attacked himself, the father said.men watch The teens dispersed when the father ran out to help, but immediately returned attacking both Redfern and the younger Estevez with sharp objects, the father said.mens watches Estevez's son received stab wounds to the lungs, side and stomach, while Redfern was stabbed in the kidneys and other organs, the father said.men watch Both men are stable and recovering at Orange Regional Medical Center, the father said.
Parents were away The father said police recovered a pair of scissors at the scene and were looking for a knife used in the stabbing. Town of Wallkill Police officials were not available Sunday to confirm the elder Estevez's account of events. Residents of the neighborhood, however, corroborated the attack on the two men. One neighbor, who asked his name not be used, said he saw Redfern fight the crowd of teens with a stick or club after they refused to move away from the driveway, as Jody Estevez was backing out. Neighbors said the crowd came from the home of a teenager who held a party at her house while her parents were away. An older relative of the teen, however, showed up and broke up the party just before the fight with Redfern and the younger Estevez broke out, they said. Don Estevez said he knew of no arrests in relation to the stabbings. [email protected]
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Rihanna and Emeli Sande beat-maker Naughty Boy: Mum said Rolex was too expensive
By Arwa Haider
Tuesday 27 Aug 2013 6:00 am
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Naughty Boy chills with his cat. He’s been busy so needs a rest (Picture: Charlie Gray)
watches Every so often, a young writer/producer reshapes the sound of modern pop.
<a href="http://www.watchesreplical.com">best swiss replica watches</a> The current British contender is Naughty Boy, aka 27-year-old Shahid Khan, whose style embraces soul, house, hip hop and eastern elements.
copy watches His breakthrough hits featured grime MCs Chipmunk (Diamond Rings, 2009) and Wiley (Never Be Your Woman, 2010).
fake watches Both singles also introduced singer Emeli Sandé, and Khan went on to co-produce her smash debut Our Version Of Events (the biggest-selling album of 2012), as well as working with the likes of Rihanna, Tinie Tempah and Britney Spears.
best swiss replica watches More recently, he’s scored hits under his own moniker. Naughty Boy’s debut album, Hotel Cabana, features the singles Wonder, La La La and Lifted, and guests including Sandé, Professor Green, Bastille’s Dan Smith, Gabrielle and US rapper Wiz Khalifa. It’s also been preceded by a slick series of movie-style trailers.
<a href="http://www.watchesreplical.com">high quality replica watches for men</a> Khan’s blockbuster dream began in suburban Watford, where we’re sitting now, by the innocuous shed in his parents’ garden where Khan built his first studio.
He funded it with a £5,000 Prince’s Trust grant and a £44,000 win on TV game show Deal Or No Deal.
‘That shed had a vibe, with black walls and glow-in-the-dark stars,’ he laughs. ‘I had a PC and a keyboard and I made the beats for tracks on that.’
He’s since relocated Naughty Boy Recordings to west London (‘It’s an enlarged version of my shed’) and his parents have reclaimed the shed for grocery storage (‘It’s like a mini Costco in there,’ jokes his sister Saira). Still, the sweet-faced Khan doesn’t seem especially keen on the spotlight.
‘When I started, I didn’t want to show my face,’ he says. ‘I liked the mystique, and the fact that I wouldn’t be boxed into any genre. I was chasing success in a different way: not fame – more connecting people with music and stories.’
Khan seems both charmingly self-effacing and naturally self-assured.
He spent his early years on a nearby council estate before his family moved to their current address.
‘It was blocks and blocks of flats,’ he recalls. ‘My parents dealt with a lot of racism. I remember people setting fire to paper and putting it through the letter box, and calling us P***s. It’s nice that my niece doesn’t have to experience that now.’
His musical talent bloomed without any conventional training.
‘I spent a lot of my life just imagining music,’ he says. ‘I’d listen to Bollywood soundtracks or Michael Jackson, and dissect melodies in my head. When I taught myself to play the piano at school, I thought that was normal. The teacher noticed, but told me: “People who read music play the best,” and that disheartened me.’
Khan later began a degree in music with business studies at London Metropolitan University but he quit after one semester of high grades.
‘I had to make a do-or-die decision,’ he says. ‘There were too many ideas in my head, and I had to get them out. Sometimes you have to do something crazy, so I applied for a game show and the Prince’s Trust. I had a mentor who helped me create a business plan. I didn’t know how hard it would be to get a grant but I knew that if they were gonna believe in me, I’d do whatever it takes.’
Coincidentally, he won a place on Deal Or No Deal just before receiving his Prince’s Trust grant, appearing on 23 shows before claiming his £44,000 prize.
‘Winning that money felt like fate,’ he smiles. Both achievements boosted his confidence, and he began travelling to London gig showcases, which is where he encountered Sandé, in 2008.
‘When I met her, I knew I’d been looking for her,’ he says.
He was also spurred on by a personal responsibility. ‘My dad’s been a taxi driver all his life and I grew up in a Muslim family,’ he says. ‘I wanted to compose music and my parents respected that, but I knew that they worried I wouldn’t get a job. I’m here because of them.’
Naughty Boy has come from a shed to the mainstream – Rolex not pictured (Picture: Charlie Gray)
Khan’s music frequently deals with romance and heroics – themes you could attribute to his early Bollywood influence – and Hotel Cabana is a concept album based on his pre-uni experience of working in a luxury Watford hotel frequented by footballers and celebrities.
‘I worked there so I’d get free gym membership,’ he says. He’d occasionally encounter music industry types there while off-duty.
‘You couldn’t say you were an employee, so I’d make up stories about my rich dad. I’d get invited to parties but never go – it was like Cinderella.’
Hotel Cabana’s tracks explore the murky underside of the high life. In real life, Khan may be hosting his own glitzy parties but he isn’t entirely comfortable with the trappings.
When he mentions he owns a Rolex, I check his wrist for the bling. ‘My mum put it away ’cos she says it’s too expensive,’ he replies, sheepishly.
He’s clearly in his element as a Prince’s Trust ambassador, though, including involvement in youth panels and workshops.
‘My advice is: don’t waste time trying to live by the rules, and don’t rule out things that you think are bigger than you. If it’s possible for a guy like me, it’s possible for anyone.’
No doubt about it; the Boy done good.
Hotel Cabana (Universal) is out now.
Metro and the Prince’s Trust
Since the Prince of Wales launched the Prince’s Trust charity in 1976, it has assisted more than 700,000 young people with mentoring and support services, training schemes and financial grants.
Metro has partnered with the trust to support initiatives such as its Enterprise programme, designed to help those between 18 and 30 establish themselves in business.
It also runs Get Started programmes for unemployed UK residents aged 16-25, offering free motivational tuition in music, sports and creative arts activities (see www.princes-trust.org.uk for more details).
Many of The Prince’s Trust’s success stories have graduated to becoming ambassadors (including producer Naughty Boy).
Its current representatives also include various musicians and creatives keen to inspire a new generation. Recently, its Summer Sessions campaign has featured the likes of Tinie Tempah, SB.TV founder Jamal Edwards and rapper Wretch 32.
Meanwhile, Emeli Sandé has been an enthusiastic ambassador since 2012.
‘I don’t come from a rich background but I’ve been lucky to have a supportive upbringing,’ she explains. ‘People should feel more responsibility in the music industry because we’re very privileged.’
Emeli Sande
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