UBS Writes Down Positions, Predicts an Overall Loss in Third Quarter, and Reorganizes Management

sports arbitrage

All other businesses in the Investment Bank, and our

Global Wealth Management & Business Banking and Global Asset Management

businesses, continue to record good results. Mr. Wolf graduated from the Wharton School at the University of

Pennsylvania with a B.S. He is a Swiss citizen. He also chairs

the Swiss Institute for International Studies (SIAF).

Mr. He is married with two children.

There are other, smaller, losses in equities proprietary trading within

an overall satisfactory result.

“On August 14, I said that if turbulent

conditions prevail throughout the quarter, we will probably see a very

weak trading result in the Investment Bank, offset by predictable

earnings from wealth and asset management. Global Asset Management continues to perform well. I have therefore taken

decisive action to be as transparent as possible. Scoby began his career with O’Connor and

Associates in 1987 and became a Managing Director in 1993. Gall office and later broadened his experience

with assignments in Nyon, New York, Basel, Zurich and London.

Despite the unsatisfactory results for the third quarter, we still

expect to end the year with a good level of profits and in a strong

capital position. During 2008 we will continue

to focus on improving cost and balance sheet efficiency.”

Where possible, holdings are marked at the quoted market price. Prior to his appointment to his current position in 2004, Robert

Wolf was Global Head of Fixed Income for over three years.

. Mr. Prior to that, he held various

management positions in SBC’s investment banking operations, first as

the Continental European Head of Merchant Banking and later as the Chief

Credit Officer for EMEA. UBS’s financial businesses employ more than 80,000 people

around the world. Joseph Scoby’s record both as

head of A&Q and previously as Joint Head of US Equities within the

Investment Bank makes him an ideal successor to Walter Stuerzinger. Wolf also participated as a panel member at

the inaugural Wall Street forum for HIV and AIDS alongside former UN

Secretary Kofi Annan.

When most mortgage backed securities positions were set up there were

offsetting positions in place, designed to mitigate risk in normal

market conditions. This led to substantial valuation losses, including in

securities with high credit ratings. Mr. Marcel

Rohner, Group CEO, will reorganize senior management, take over as

Chairman and CEO of the Investment Bank, and accelerate structural

improvements to the firm.

These write downs are mainly of (a) legacy positions of the now closed

Dillon Read Capital Management subsidiary and (b) positions entered into

as part of the Investment Bank’s mortgage

backed securities business.

Commenting on these changes Marcel Rohner said:

ZURICH & BASEL, Switzerland–(BUSINESS WIRE)–Regulatory News:

While the third quarter loss means that pre tax results for the full

year 2007 will most probably be below those for 2006, total earnings

should still be at a high level and UBS will finish the year in a strong

capital position.

Our first quarterly loss in nine years is an unsatisfactory result,

especially after such a strong first half. We have thousands of

talented people throughout the organisation who, by working together,

will deliver further value to our clients and additional growth to our

shareholders.”

Management changes

Short bio Robert Wolf

Mr. in Economics. From

1995-1999 he was the Joint Head of US Equities at the Investment Bank,

with responsibility for approximately 650 employees. Mr. These have also been written down appropriately,

leading to a limited loss on these positions in third quarter.

Marco Suter, Executive Vice Chairman, UBS, will leave the Board of

Directors to become Group Chief Financial Officer, and join the Group

Executive Board. A&Q currently has over USD

60 billion in assets under management. Its shares are listed on the SWX Swiss Stock Exchange,

the New York Stock Exchange (NYSE) and the Tokyo Stock Exchange (TSE).

UBS is one of the world’s leading financial

firms, serving a discerning international client base. Management action has been taken to

make certain these positions are appropriately valued and risk managed.

UBS

With effect from today:

In the third quarter, UBS will recognize substantial losses in FIRC

within the Investment Bank, mainly on its holdings of securities related

to the US sub prime residential mortgage (RMBS) market. UBS remains a formidable

competitor in financial services and is well positioned to deliver

long-term profitable growth.”

UBS is the leading global wealth manager, a top tier investment banking

and securities firm, and one of the largest global asset managers. These positions consist overwhelmingly of

AAA-rated tranches, 80% with a weighted average life of less than three

years. Mr. Clive Standish, Group Chief Financial Officer, will retire.

UBS has no material exposure to conduits.

Short bio Marco Suter

Working closely with other members of the management team and the key

investment professionals within A&Q, Mr. The one firm approach requires a

successful and profitable Investment Bank. Huw Jenkins, Chairman and CEO of the Investment Bank,

will step down from his position and become a senior advisor to Marcel

Rohner.

Short bio William Ferri

Continued strong performance in other business areas

Mr. William Ferri, currently

Head of Business Development and Logistics for A&Q, will be appointed as

the new Global Head of Alternative and Quantitative Investments.

Biographies

The remaining relevant positions in direct sub prime RMBS have a current

net value of USD 19 billion. He also has extensive

experience in solving institutional and corporate client problems using

derivatives. He is on the Executive

Leadership Council for the Multiple Myeloma Research Foundation, on the

Board of Trustees for the Children’s Aid Society, the Board of Directors

for the partnership for NYC and on the Board of Directors for the

National Sports Museum. In fact, conditions remained

turbulent, so we will make an overall pre-tax loss at Group level for

the quarter.

 

In third quarter 2007, expected pre-tax loss for the Group between

CHF 600 million and CHF 800 million, due mainly to write downs and

losses in the FIRC business within the Investment Bank

For the first nine months of 2007 pre-tax profits for the Group in

the order of CHF 10 billion, and expect to end the year with good

level of profits and a strong capital position

All other businesses in the Investment Bank, as well as the Global

Wealth Management & Business Banking and Global Asset Management

business groups, performing very well

Management changes:

— Investment Bank Chairman and CEO Huw Jenkins to step down. Scoby has a BS from Wharton School and an MA from the

University of Pennsylvania, both earned with honors in a total of four

years of study and awarded in 1987.

As a result of the planned changes within the Investment Bank, overall

staff numbers will fall by about 1,500 by the end of this year.

Results for third quarter 2007 will be announced on October 30, 2007 as

planned.

“I am confident that, with these changes and

by properly absorbing the lessons of this quarter, we will become a

stronger bank. Suter was born on 7 May 1958. We have a strong balance sheet, a strong franchise, and

leading positions in all businesses in all regions. However, the deterioration in the US sub prime

residential mortgage backed securities market, especially in August, was

more sudden and more severe than in recent history, and markets became

illiquid. Ferri began his legal career practicing corporate law at Seward &

Kissel, from 1991 to 1995. His long experience and knowledge of UBS, including as

Group Chief Credit Officer, make him extremely well qualified for this

position. Pre-tax profits for the

first nine months of 2007 will be in the order of CHF 10 billion. Following these actions, UBS is in

a strong position to continue to grow its client businesses.

Short bio Joseph Scoby

UBS is present in all major financial centers worldwide. He originally worked for PaineWebber

Inc. For most

sub prime holdings, this is not possible. Overall, FIRC

will record negative revenues in the order of CHF 4 billion.

Within the Investment Bank, Money Markets, Currencies and Commodities

(MCC) will be integrated into Fixed Income under the leadership of Andre

Esteves.

A video containing an interview with Group CEO Marcel Rohner is

available at www.ubs.com/media as

well as at www.cantos.com. In

Switzerland, UBS is the market leader in retail and commercial banking.

All other UBS businesses remain strong. Suter first joined the bank in 1974 as an

apprentice at SBC’s St. Suter has been with UBS and its predecessor, Swiss Bank Corporation,

since 1974. Mr. Valuations therefore mostly

use models with observable inputs, where possible, and level 3 valuation

models otherwise.

Mr. He is a member of the

Global Asset Management Executive Committee and a member of the UBS

Group Managing Board.

The marks take a cautious view of future developments in the US mortgage

market and UBS is content to hold these securities at this level of

valuation.

Mr. These securities are either AAA-rated or High Grade, and have a

short weighted average life.

Marcel Rohner, Group CEO, said: “UBS operates on the principle that

management is accountable to shareholders. Its business,

global in scale, is focused on growth. Wolf is a member of the UBS Group Managing Board and the Investment

Bank Management Committee. Between 1999 and 2005 he was Group Chief Credit Officer and

a member of the Group Managing Board. He also

serves as Global Chief Operating Officer for the Investment Bank.

Previously, he was General Counsel for the O’Connor

hedge fund and fund of fund businesses, and was on the O’Connor team at

its relaunch in 2000. Ferri is also responsible for managing the product

pipeline, business development, sales and client services.

Following a write down of positions in fixed income, rates and

currencies (FIRC), mainly related to deteriorating conditions in the US

sub prime residential mortgage market, UBS is likely to record an

overall Group pre-tax loss of between CHF 600 million and CHF 800

million for third quarter, ended September 30. Ferri has overall

responsibility for managing the logistics platform and business

development effort of the group, ensuring the investment team’s

requirements are met while maintaining the appropriate control

infrastructure. There is also a smaller position of below USD 4 billion net

exposure to sub prime securities through warehouse lines and retained

CDOs. He has also been the head of O’Connor,

a specialist hedge fund provider within A&Q, with assets under

management of approximately USD 7.5 billion. Wolf is on the Undergraduate

Executive Board of the Wharton School and sits on the Athletics Board of

Overseers at the University of Pennsylvania. Within the

Investment Bank, IBD has gained market share, the capital markets

business remains strong, and equities revenues –

though a bit weaker this quarter than a year ago, and in the context of

extremely difficult conditions – remain

healthy.

Walter Stuerzinger, Group Chief Risk Officer (GCRO), will become Chief

Operating Officer, Corporate Center, and hand over the GCRO position to

Joseph Scoby, currently Global Head of Alternative and Quantitative

Investments (A&Q), Global Asset Management. A

glossary, containing definitions of some of the less-well known terms

used in today’s release, is also available at www.ubs.com/media.

In addition, UBS has taken significant write downs on positions in Super

Senior AAA-rated tranches of CDOs, based on level 3 valuation models.

Third quarter results

Joseph Scoby is Global Head of Alternative and Quantitative Investments

(A&Q), an alternatives platform within Global Asset Management with

approximately USD 60 billion in assets under management and 360

employees around the globe. From 1996 until the merger of SBC

and Union Bank of Switzerland in 1998 he served as regional manager of

the Zurich-Eastern Switzerland-Ticino area for the corporate and

commercial banking activities of SBC. Mr. I have also made

appropriate senior management changes, and will accelerate

already-planned changes to the firm. As an integrated firm, UBS

creates added value for clients by drawing on the combined resources and

expertise of all its businesses.

In addition to his roles at UBS, Mr. Group

CFO Clive Standish to retire

— Marco Suter, Executive Vice Chairman, UBS, to become Group CFO

— Walter Stuerzinger, Group Chief Risk Officer (GCRO), to become

Chief Operating Officer (COO), Corporate Center

— Joseph Scoby, Global Head of Alternative & Quantitative

Investments, UBS Global Asset Management, to become GCRO, UBS

Investment Bank changes:

— Robert Wolf, COO, Investment Bank, additionally appointed

President, Investment Bank

— Money Markets, Currencies and Commodities (MCC) to be integrated

into Fixed Income

— Initiation of cost reductions in Investment Bank

Marco Suter was elected to the Board of Directors at the Annual General

Meeting of UBS in April 2005 and thereafter appointed as Executive Vice

Chairman.

UBS has only limited exposure to leveraged lending with commitments of

about USD 13 billion. (since 1995) where positions held included Corporate Vice President

and Associate General Counsel to the Global Equities Division, and

Deputy Director of Compliance.

Marcel Rohner, in addition to his duties as Group CEO, will for the

foreseeable future take over the role of Chairman and CEO of the

Investment Bank. It has offices

in 50 countries, with about 39% of its employees working in the

Americas, 34% in Switzerland, 16% in the rest of Europe and 11% in Asia

Pacific. These events have led to the

management changes announced today. In Global Wealth Management &

Business Banking, all geographical regions continue to attract net new

money. He received a BS form Cornell University in

1988 and a JD from the University of North Carolina in 1991.

William Ferri is the Head of Business Development and Logistics for

Alternative and Quantitative Investments (A&Q), an alternatives platform

within Global Asset Management.

Commenting on these decisions, Marcel Rohner, Group CEO said:

Robert Wolf, Chairman and CEO, UBS Group Americas and Chief Operating

Officer Investment Bank, will additionally become President, Investment

Bank. Scoby’s

experience includes portfolio management in commodity options,

convertible arbitrage, equities, equity derivatives, corporate bonds,

merger arbitrage, quantitative equity, real estate finance, and

fundamental based equity long short funds. He served as Global Head of Fixed Income from

2002 – 2004, having joined the firm in 1994

after spending approximately 10 years at Salomon Brothers.

Robert Wolf is the Chairman & CEO of UBS for the Americas. Ferri joined the UBS Investment Bank in 1998

as Director of Equity Compliance.

Joseph Scoby’s first task as a member of the Group Executive Board will

be to review and refine our risk processes

Offshore Betting Lines & Odds

betting, betting offshore

The majority of sportsbooks do post odds in “American” format and many of those which also target European bettors will allow customers to view odds in the manner that is most familiar to them. Decimal odds present a number that is multiplied by the original bet to give the total payout (wager plus winnings). There may be minor differences of a half-point or full point here and there, but an online sportsbook that differs too much from the consensus odds will find themselves getting a large number of bets on one side. For many years offshore bookmakers set their initial lines based on those created by the large Las Vegas sportsbooks, but there has been a reversal in that trend and now the larger online sportsbooks are setting the initial lines and Las Vegas is following suit. Instead of the decimal odds of 2.25, American bettors will be able to choose the more familiar moneyline odds of +125.

bmamerican

The majority of online sportsbooks will look to see what odds the other online sportsbooks have and follow suit. Decimal odds of 2.25 means that a $100 bet would pay out $225 total.

bmdecimalodds

Offshore odds are the betting lines that are posted at offshore betting establishments such as online sportsbooks. If the online sportsbook released Spurs-8, a large majority of the bets would come in on the underdog.

One thing to keep in mind when reviewing offshore odds is how they are presented will differ from sportsbook to sportsbook depending on the intended audience. Some of the bigger online sportsbooks have limits that exceed the standard bets accepted in Las Vegas.. Many online sportsbooks targeting European bettors will show their odds as decimal odds as opposed to fractional odds, such as 2/1 odds, which is what is familiar for most American bettors. If the other online sportsbooks have the Spurs-6 and a sportsbook releases a line of Spurs -4 they will be hit with big  money on the Spurs

Using Reverse Line Movement To Win

gambling, gambling advice

RLM takes place when more money/ sportsbook picks are bet by the small percentage of bettors that are on the unpopular side (the sharps) than is bet by the huge majority of players betting the popular side (the squares).

To back this up, our friends over at Prosportsonline.net have tracked the records for games where over 60 percent of the public has been on one side, yet there was reverse line movement of at least one full point from the opening number at the top sportsbooks in NFL, NCAAF, NBA and NCAAB. The huge problem with this is that the nfl line, ncaaf line or nhl line may have moved too much by that time, and all of the value has been sucked out of the unpopular side.

prosportsonline.net

By: Manny G

Also, games where over 60 percent of the public are on one side, yet there is reverse line movement of at least 10 cents on the Money Line from the opening number at the top five sportsbooks in MLB and NHL sports betting has also been profitable. Note that these records are for sides only and do not include totals.

The NFL sports betting is generally considered the toughest sport to beat, yet blindly following this method produced an exceptional 59.2 percent win rate last season, improving the two year record to 328-249-12, 56.8 percent, +59.06 units. This may enable you to get the stale more favorable sports betting line at the time the reverse line movement hits at the triggering Sportsbook. Furthermore, they list the RLM records for many individual sportsbook, making it easy to spot which books this system is working at and which books it may be best to ignore.

The highest two-year winning percentage using RLM from the top five books belongs to College Football, which went 480-341-10, 58.5 percent, +95.10 units. Last year was a good RLM season for NFL sports betting (45-29, 60.8 percent, +11.91), but two sportsbooks that were in the top five in NFL RLM in both seasons.

College Basketball sports betting was not too shabby either, with a two-year mark of 492-356-22, 58.0 percent, +91.96 units. Sure, using this approach leaves open the possibility of the line turning around and moving back against you, but as you will see in bit, betting as soon as an RLM qualifies has been profitable in every major North American sport such as the last two seasons, so if one line turns around, so be it. Another important recommendation is to use a slow moving (but reliable) sportsbook. Keep in mind that NCAAB was the most liquid sport in terms of top-five sportbooks however, with not a single sportsbook making the top five both years. Carib ruled the roost season at 93-66-9, 58.5 percent, +18.55 units after ABC held the penthouse spot in the 2007-08 season.

Now do the sharps win every single time? Absolutely not! However, they are right more often than they are wrong, so being on the same side as the sharps is a prudent strategy over the long run, and again, the best thing is that there in absolutely no conventional sports handicapping necessary..

The proper way to make a sports bet using reverse line movement is to place your bet as soon as there is an RLM of one full point (or 10 cents in MLB and NHL) off of the opening line. This is where an important word of caution is in order though. We tracked the top five books for each of the pointspread sports for the last two years, as as you can see, this strategy has been profitable in every sport. Keep a close eye on Canbet here, as that Australian sportsbook cracked the top five both years.

Thus, following reverse line movements is the same thing a following the smart money. . Quite a few RLM followers watch the moves until almost game time, and then bet accordingly. This would make Miami +6 the RLM play.

So what causes RLM when the aim of most sportsbooks is to get as close to balanced action on both sides as possible? The answer to this is quite simple: the sharp bettors; the one’s who give sports betting advice. However, instead of the line rising as you might expect, it instead drops to Chargers -6. It should be noted that many fewer MLB games have qualified so far this season (is the whole world using RLM now?), but smaller profits is still profit.Again, these records are for Money Lines only and do not include totals.Finally, NHL sports betting has picked up 148.49 units in two years, and unlike MLB, NHL had four sportsbooks out of the top five gain double-digit units this past season. All of this will be fun to follow (not to mention profitable) when every sport except baseball are going on simultaneously during the winter months.

http://prosportsonline.net

So what we recommend is to only use the top five each season for each individual sport (in terms of units won). To illustrate, let us say that San Diego Chargers open at -7 over the Miami Dolohins, and over 70 percent of the sports bets placed on the game are on San Diego. Keep an eyes on the top five sportsbooks at Sports Insights though, as NCAAF sports betting has been very liquid in that regard, with only one sportsbook (believe it or not, Bodog) finishing in the top five both years.

Article Directory: http://www.articledashboard.com

NBA sports betting has the lowest two-year five-book RLM winning percentage among the 11/10 sports, but then again, every gambler in the world would kill to go 382-301-9, 55.9 percent, +48.90 units, and the 57.5 percent win rate this past season is nothing to sneeze at. The records quoted below are based on the bets being made at the triggering books, so beating the move by a half-point or a few cents now and then would actually make your record even better.

So what exactly is reverse line movement? RLM takes place when a large majority of bets are on one team, yet the line moves in the opposite direction

The Ups and Downs of Arbitrage Betting and Trading

sports arbitrage

What a relief! My bets were both accepted and I just had to wait for the game’s result before I got paid. I could let the specific bets as is and make a profit, unless the games ends a draw. Lessons can come cheap. Much like arbitrage bettors are looking at sports events, arbitrage traders do the same when trading stocks, forex, bonds, commodities, derivatives and other financial instruments, looking at the markets worldwide.

Don’t dig into arbitrage betting before reading of the disadvantages

Two golfers were competing at a golf course, when I noticed the divergence of the betting odds between Betfair and another online bookmaker. I also write about my success or failure and run a small business.

betting-odds-arbitrage-betting

Oh, wait. They are considering a career in arbitrage trading in particular.

People have made a lot of money in arbitrage. Noticed the word “almost”? That is because you still stand to lose some money. Because that is when I was going to lose a hefty amount of my total bankroll! As I am not used to gamble with my money (I know, it sounds peculiar, but by the time gambling becomes an investing, you stop gambling with your money), I reluctantly gave away some of my future profits to cover the losses of a likely draw.

Of course, my bets now resulted to a loss, no matter the final outcome of the golf game. And I have heard that by the time you get to hear of that, it’s already too late.

Many bookmakers do not welcome bettors, who follow an arbitrage betting pattern. That was almost 10 years ago! So, yes, I am far from the arbitrage expert you were expecting to be talking here. No need to wait for the final whistle.

There is zero chance that arbitrageurs will lose money from the particular game. What’s that at Betfair? A third possible outcome you say?. Yes, that’s happened before.

An arbitrageur has to open accounts with several betting or trading companies. These accounts also need sufficient funding. Arbitrage trading is likewise an almost risk-free way of trading any kind of financial instrument. That was my first (and last) bet on a golf game.

I spent the following 5 minutes deciding how to react. Because I was going to get paid for sure, I had just bet on both golfers.

As I was getting really tired the past few weeks, surfing around looking for sure bets as they are commonly known, I had found a really generous one at a golf event. Worst case scenario? To confiscate your money. And two months later I began sports trading, leaving my arbitrage betting days behind.

But let’s just start from the advantages of arbitrage betting.

I respect your privacy

Let me tell you my short story about when I finally decided to quit arbitrage betting.

And that is when the emotion of relief converts into panic in a matter of nanoseconds!

100-winner-728-90-arbitrage-betting

These advantages apply as well to arbitrage trading. At one point, an account of yours will be full of money, while the rest will be depleted. Yes, so quick that I had to write it twice for emphasis!

While there are services, which let you know when there is an arbitrage opportunity, they come at a cost. Thus, I think new arbitrageurs can be profitable even today.

By the time arbitrageurs have placed their bets, their profit is guaranteed. As a result, they may limit the stakes they are accepting from you or even forbid you to continue betting with them. You can’t expect the results to even out among the bookmakers. Yet, my little experience has taught be enough to recommend anyone against arbitrage betting or trading. Keep your capital safe for when you are more experienced.

The reason I am talking today about arbitrage, is an email I received from a visitor of my gambling blog. And that is not the worst thing it can happen in arbitrage.

As quickly as possible, I had my Excel spreadsheet calculate the stakes and I submitted my bets concurrently at the two betting operators. That is because they have bet on every possible outcome of the game.

Given the infinite number of sports events around the globe, new opportunities for arbitrage betting will constantly arise, especially as more and more people are introduced to betting or gambling in general.

Arbitrage betting is an almost risk-free way of betting on sports. Usually the ROI of a sure bet is about 1 to 2%, although you may stand lucky occasionally and find a 4 or 5% gold mine!

I myself haven’t spent more than a month taking advantage of fluctuating odds and prices when trying out arbitrage. Moving money around does not only mean extra commissions with banks, but may also arise suspicions.

And last but not least, you can still lose big chunks of money if you don’t pay close attention when placing your arbitrage bets.

A DRAW?

WRITTEN BY

Jim Makos

By advantage gambling and investing with real money online, I put my money where my mouth is. And no, the game did not end a draw but it still was a great lesson for me. Their sole worry is just how much money they can make but they neglect the fact that they can also lose money, even in this advertised as risk-free investment.

In my case the guaranteed profit was even better than that!

If you are going to give arbitrage a shot after all, be very careful and begin betting or trading small. A lesson that made me withdraw all of my funds from all the bookmakers, except Betfair. This funding will probably max out your credit card(s).

Constant money moving.

Get my Posts in Your Email For Free!

I will deliver my posts straight to your inbox as soon as they’re published.

People usually focus on the bright side of any investment, like in arbitrage betting or trading. Some still make a lot of money. Here is why:

You must be quick to find arbitrage bets.

You must be super quick to find arbitrage bets

China’s yuan firms as central bank keeps pressure on speculators | Reuters

betting, betting offshore

His remarks were published on the CSRC website.

Global markets have also tumbled in January, with Asian shares sliding on Monday to their lowest levels since 2011 following weak U.S. Beijing will release GDP data for 2015 on Tuesday.

(Reporting by Pete Sweeney, Samuel Shen and Shanghai and Beijing newsrooms; Writing by Alex Richardson; Editing by Neil Fullick)

“The market sees that this is a gesture by the PBOC to warn speculators that are betting on a fast depreciation of its currency,” said Zhou Hao, senior emerging markets economist for Asia at Commerzbank AG in Singapore.

Ever-contrary, China’s notoriously volatile stock markets opened sharply lower on Monday but reversed course to buck the global trend, with the benchmark Shanghai Composite Index .SSEC and the CSI300 index .CSI300 of the largest listed companies in Shanghai and Shenzhen both edging up 0.4 percent.

But sentiment remained fragile, with analysts expecting further turbulence ahead.

China’s major share indexes have lost 16-18 percent so far in 2016, taking them back to around the levels plumbed in August, when the market slumped more than 40 percent in a summer crash.

SHANGHAI China’s yuan rose on Monday as the central bank announced a fresh move to deter offshore speculation in the currency, while stocks rebounded modestly from near levels last seen at the depths of last year’s summer crash.

The People’s Bank of China (PBOC) said it would start implementing a reserve requirement ratio (RRR) on offshore banks’ domestic deposits, in a move that seemed intended to soak up additional liquidity.

Monday’s move by the PBOC was seen by some as being – at this stage – more of a symbolic warning to banks, aimed at discouraging them from being too active in yuan dealings as part of its broader campaign to deter those betting offshore that the currency will fall.

After recent jitters about the health of the world’s second-biggest economy, investors took some comfort from data that showed a continuing recovery in the housing market..

Setting an RRR – requiring banks to hold a certain level of currency in reserves – could tighten liquidity leaving less yuan for banks to lend and so making it more expensive for speculators to bet against it.

China’s currency has fallen around 5 percent since August, and while most analysts expect further weakening the authorities have been loath to allow it to depreciate too fast.

A turbulent start to 2016, with currency and stock markets tumbling, has stoked concerns that Beijing’s policymakers are in danger of fumbling as China heads toward its slowest growth in 25 years. The central bank had set a firmer tone by raising the mid-point to 6.5590 CNY=SAEC.

Chinese equities had tumbled on Friday, with the Shanghai index closing lower than at any time since December 2014, leaving most investors who put their faith in Beijing’s measures to end last summer’s crash nursing losses.

SQUEEZING SPECULATION

Xiao Gang, head of the China Securities Regulatory Commission (CSRC), pledged over the weekend to strengthen oversight of the market.

“The abnormal stock market volatility has revealed an immature market, inexperienced investors, an imperfect trading system, and inappropriate supervision mechanisms,” Xiao said at an annual meeting. Confusion over China’s foreign exchange policy and its commitment to reforms has sparked mayhem in financial markets in recent weeks, as the PBOC allowed the yuan to fall sharply in early January and then moved aggressively to try to steady it.

China’s central bank tightly manages the onshore market by setting a daily target for the yuan, which is allowed to trade within a 2-percentage point band either side.

A senior dealer in Shanghai suggested that the RRR move “will help drain yuan liquidity offshore, and will dampen banks’ interest in conducting offshore yuan business”.

The offshore yuan CNH=D3 was trading at 6.5855 per dollar, around 0.1 percent softer than the onshore spot rate.

On Friday, the yuan had weakened sharply offshore, opening up a gap of more than 1 percent with the steady onshore market.

“After experiencing the crashes last year, the sentiment is quite vulnerable and pessimistic now,” said Xiao Shijun, an analyst at Guodu Securities in Beijing.

The spot market CNY=CFXS opened at 6.5800 per dollar on Monday and was changing hands at 6.5790 by mid-afternoon, 0.08 percent firmer than the previous close. economic data and sharp falls in oil prices

The Negative Influences of Media on Society You Never Thought About

gambling, gambling advice

It’s not possible to insulate yourself completely from the effects of media, even if you limit the exposure. And there are so many things you see around you, without choosing to watch them. Media influences public opinion and impacts the choices that people make. Parents and teachers have a big role to play in selecting what the young should see and what they should not.

To some extent, media is responsible for generating negative feelings among those exposed to it. But unfortunately sometimes, the message is misconstrued. The impact of media is such that the wrong, the controversial, and the bad is more talked about. An inferiority complex and lowered confidence in people with not-so-perfect bodies can lead to eating disorders. Here, we will try to understand how media influences us negatively.

The media in itself is so addictive that once glued to it, you tend to forget everything else. There’s no one advertising the benefits of eating fresh fruit everyday, no one’s promoting drinking 8 glasses of water daily. There is no denying their amusement value or entertainment quotient. This is leading teenagers to adopt unhealthy eating habits. Just like them, even you want to be in the news. Don’t take media portrayals by their word. What is shown with an intent to ‘spread a message’ ends up becoming a bombardment of the bad, the ugly. Media is the interface through which millions look at the world outside. Those at a vulnerable age, especially children and teenagers, are highly influenced by anything that is put before them in a jazzy way. Sometimes, little things are blown out of proportion thus changing the way they are perceived by the audience. The craze for models or actors and actresses, makes teenagers want bodies and facial features like theirs. So there is a section positively influenced by the media while there are others who take the wrong message from it. Aren’t there ghost and vampire stories that media claims as real? These characters enter our world through books and movies. Refrain from watching such programs or news. While a certain amount of exposure to media is essential for introducing ourselves to the world outside, excessive exposure, uncontrolled access and belief without thought won’t lead us anywhere. It influences their behavior both positively and negatively. You want to wear the shade of nail polish Lady Gaga wears for that frantic gaga look. The ‘awakening’ does not reach everyone or it reaches the masses in the wrong way. Any publicity is good publicity, you begin to feel.

Your role models are people that the media exposes you to. The only way to shield yourself from them, is to not allow them to influence you. Lack of physical activity leads to obesity problems. When you are not watching TV, you are surfing the Internet, when you are not on the web, you are reading newspapers, when you are not reading anything, you are listening to something. The bad is overinflated and the good goes unnoticed. The media is constantly bombarding us with information. They will only make the negative influence of media more obvious.

Information Overload

The media has, in its own way, changed people’s outlook towards life. This can, and has led to increasing cases of anorexia. And not just children, the unpleasant can impact even an adult’s mind. Media is exposing the masses to fast food products, canned food, fad diets, and energy drinks. With a ‘world’ of information and entertainment waiting on the other side of a computer or TV screen, it’s not unnatural for anyone to spend hours exploring it; it’s addictive. Instead, watch good programs that carry healthy content, engage in positive activities, and encourage others to do the same. They are ready to starve themselves to lose weight. The media does play a role in portraying thin as beautiful and fat as ugly. With the intent of stressing their point or for grabbing greater attention from the masses, media hypes or exaggerates things to a certain degree. But media did play a role in propagating these characters and making them seem real. In a survey done on fifth graders by the National Institute on Media and the Family, it was found that kids had become dissatisfied with their bodies after watching a video of a certain very popular artiste and a certain scene from a popular TV show (names omitted on purpose).

You want to imitate an action sequence just because your favorite action hero looked ‘cool’ doing it. If children are bombarded with fight sequences, stunt work, sex and rape scenes, suicides and murders through books or movies, they are bound to leave a scar on these impressionable minds. When the two worlds mix, life becomes difficult.

Changed Outlook

The negatives in society are highlighted with the purpose of awakening people about them. Sometimes, small incidents or events in the lives of celebrities and politicians are hyped, in order to make them more sensational. The positive effects are surely celebrated by one and all. But the negative effects are not conducive to a healthy society. Put things in perspective, and don’t let the media influence you to do the wrong things.

Negativity

Media Addiction

Vampires, werewolves, witches, ghosts – where did they come from? Fairies, superheroes, angels – where did they come from? It’s not only media to be blamed, as these characters belong to folklore. We don’t judge, we get influenced. The benefits of following a balanced diet are not being hyped anywhere. People spending hours in front of a television or surfing the Internet experience eye problems. Watching TV or browsing the web late night is spoiling the sleeping habits of many.

The Solution

The solution to avoiding the negative influence of media lies in limiting media exposure and choosing what to watch. News sources often bombard you with the same negative stories over and over again, in order to increase the impact. For example, the negative effects of addiction are portrayed through advertisements. You want to do everything that people from the glamor world do, you want to be like your favorite celebrity. The reel entertains only till its difference from the real is understood. When this thought grips the minds of youngsters, they take to fad diets or turn to cosmetic surgeries to get that so-called perfect body. It is bombarding you with content, news, information, gossip, rumors – it is exposing you to everything it has, some things necessary, some not; some things important, some not, some things you want to ignore, some things you cannot. Media is everywhere, affecting every aspect of life.

The negative effects of media on children are manifested in terms of their changing mental setup and the declining quality of their lifestyle. Newspapers, television and the Internet are used to convey social messages. Depiction of the bad has a negative impact on kids not mature enough to interpret what they are being shown. This affects kids and teenagers the most, as they are exposed to things they might interpret wrongly or may not even understand at that age.

Women with petite bodies and girls with a barbie figure are always shown to be more popular or attractive while the overweight are portrayed as less popular, having less friends and being bullied. Thus, all the time, you are glued to some form of media. Media claims to depict the ‘today’, but not all types of media show only the truth. Media highlights controversies and scandals in the lives of celebrities. Media influences them negatively. Use your judgment before following or falling for anything. You want to sport your favorite actors’ hairstyles and you want to walk like those ramp models do. This makes the overweight feel out of place. You ask me why? Well, because there are these junk food advertisements everywhere. But isn’t it too much to blindly believe that they exist? Fiction is amusing only till the distinction between fact and fiction is clear. It has led to a general opinion that size-zero is the in thing and fat and chubby are out. Advertisements carry subliminal messages influencing buyers’ psychology, or carry direct messages that bear a negative influence. But there are advertisements of expensive exercise equipment, and weight and fat loss programs. Don’t believe in them without thinking. To get rid of a big nose or to get those big pouty lips, teenagers are ready to go under the knife.

Self-hatred. Children should invest more time reading good books, studying, playing outdoors and exercising. As a responsible adult (parent or teacher), exercise control on the media exposure that kids and teenagers get. The masses fall for this being-in-the-news and end up imitating celebrities without much thought. Adults may have the maturity to distinguish between the good and the bad, but bombarding only the bad can affect anyone at least at the subconscious level. You want to wear the LBD just because you are a fan of Coco Chanel. Due to the oh-so-alluring media, most of their time is spent glued to the television, reading celebrity gossip, listening to something sensational or wandering aimlessly on the Internet. Haven’t you had experiences of a bad dream after watching a violent movie? Or of imagining something scary happening to you after watching a horror film? Or a sudden fear gripping your mind after reading about a murder in your city? The reality should be depicted but not so gaudily that it’ll have a lasting impact on people’s minds.

Fact-Fantasy Confusion

When you try to imitate your role models from the glamor industry, do you give a thought to whether you are doing right or wrong? It is often seen that young girls and boys imitate celebrities blindly. Media sources are so many in number and all of them so convincingly make their point, that it is hard to distinguish between right and wrong. An early exposure to bold or violent films, books publishing adult content and news portraying ugly social practices has a deep impact on young minds. This leads to a notion that thin is sexy and fat is not. At that age, they are attracted to anything that’s flashy and anything that can make news.

The media is so overwhelming that the masses end up believing everything it says/shows. It’s not just media to be blamed in this case.

Media portrayals give rise to stereotypes, affecting your mindset. Most believe everything to be real, especially kids and teenagers.

Right-or-Wrong Dilemma

Wrong Message

Health Problems

Unhealthy Lifestyle

Blind Imitation

Media is held responsible for the change in eating habits of teenagers and the unhealthy lifestyle they are adopting. You want to be someone, but not yourself! And now you say media does not influence you! Oh come on, it surely does! Mass media does affect the way in which masses think and act. And that’s how impactive media is.

Media has negative effects on the physical and psychological well-being of society. Not everyone is able to filter that element. No one’s propagating the importance of exercising to keep fit. How far do we go to check its authenticity? How deep do we dig to get to the root of something that’s making news? How critically do we judge the reality of reality shows and the truth behind true stories? We don’t think, we believe

Arbitrage Spreads | Reuters.co.uk

sports arbitrage

The following table shows the arbitrage spreads for proposed mergers and acquisitions of global companies. If the offer terms include a stock component, the offer price per share will fluctuate based on the share price of the acquirer.

Arbitrage spreads measure the difference between the offered takeover price and the target company’s current trading price.

All Deal Value, Target Price, and OPPS figures are converted to U.S. dollars.

. Historically, the wider the spread, the more investors doubt a deal will close.

The Target Price is the latest trading price (delayed by at least 15 minutes) for the Target company’s shares.

The Offer Price per Share (OPPS) is the amount the acquirer offered for each share of the target company

What is the Best & Fastest Browser? Internet Browser Reviews: 2016

betting, betting offshore

Having, and simultaneously using numerous browsers on your PC is not a problem provided you have enough disc space.

What’s good for the goose may not be good for the gander.

What is the best browser for a Mac: Camino, Firefox, Flock and Opera all perform well on Mac machines, but overall the best browser for Mac and IOS users is Safari. Because all browsers are not compatible with every website you visit. Who is correct? Answer: Both! That’s because the best browser is the one that meets their needs and more importantly, their device. Browsers are like vehicles: in as much as you want to travel fast, securely and in style with lots of cool features. A change of browser can result in better performance, faster page loading and videos that buffer seamlessly. Many people think there are no others – but there are and much better. Again, it’s all about user preference. They’re all free! Over 100 Browsers Listed Here. John may decide that Firefox is the best browser while Jane is sure that Internet Explorer is the best. Test drive new browsers and observe their performances. Try them all to see which one you prefer. It’s best t to keep them for a rainy day especially when you’re have problems with the new browsers you decide to use. Each browser has tools and other gimmicks that are unique which makes life surfing much quicker and slicker… Why? Because each PC will have different amounts of hard drive space/capacity/shortage, etc. Each PC will have their desktop customized with fancy visual gimmicks and so on. The add-ons, and tool-bars each has, as well as many other factors all determine the speed of any browser on your computer.

(Top 5 browser reviews and poll further down this page) Are you looking for browsers designed for smart phones and other devices? If so, click here for Full Browser Listings.

One of the most common browser used today is Internet Explorer. Most times you won’t even realize what your not seeing. So, what exactly is the best and fastest browser? These questions are very common, an d as you can see, have many answers…

Having a variety of browsers installed makes using the Internet easier. Let’s say John and Jane test drive every available browser. If you do decide to use different browsers, you’ll soon notice how different they each perform, from surfing the web, page scrolling to variations in performances and more.

Whatever new browsers you decide to use, never un-install browsers that you don’t use. Includes safe browsers designed for children to use safely.

It’s all about individual preference – for example, if every member of your household had the same PC and specifications, they would still never agree on which browser is best. The browser I use depends on my journey

Finding The Best Winning College Basketball Picks

bets basketball

If you watch enough seasonal action, all around the NCAA, you will have a good set of picks by the time the NCAA tournament comes through and your bracket will be pristine. . If you can find a good overall defense compared to offensive plays, then you might have reason to believe that they can probably go far, the reason being is that defense wins games when they are so close. Often times the top seeded teams in the country don’t make it past the first few rounds, and while some narrowly escape defeat, all it takes is for one scrappy squad to throw up 3 pointers on a good run, to topple a giant. Look for this, and then make sure that you compare them to a team where they might have trouble with, and you’ll see green as you pick up the money from placing bets with them. Watch out for this, because it will come up and surprise you and the world. However, savvy gamblers will know that when college basketball picks are in, the upset card is possible. You’ll know these teams by how they handle themselves losing in the first half, only to come out in the second like a house on fire.

Another great tip is to look for standout seniors. That’s why college basketball picks are hard to figure out compared to the NBA, there is a lot of different factors to consider.

The upset card is pulled in NCAA basketball a lot. Look for strong defenses to go far and pick your selections based on these things. Many times, it’s small schools from areas like Spokane, Washington or somewhere in the middle of the country to get into the Final Four and really shake up the college world. In order not to be surprised, make sure that you look for teams that have been on the bubble for quite sometime and look for them to prevail. You will often times see a squad full of older players make a lot of noise going into the finals of any major tournament, including NCAA.

When you look at teams on paper, many match up great, however, when you start to peel away things from an individual player’s perspective you can start to see where a team could prevail or collapse. You just have to make sure that you’re following a variety of teams and watching the way they react to the ball in winning and losing.

Every year millions of people place their bets on the big NCAA Basketball tournament that happens annually, and every year there are major upsets and people lose their money when putting faith into the #1 team in the nation. This is especially true for those that have maxed out their eligibility and will be moving on to either the NBA or a chosen career path based on their degree. If there is a squad that has gone to the finals many times and hasn’t won yet, but have a group of seniors that could tip the scales into their favor, bet on them. Finding the best winning college basketball picks is daunting, and for some it’s a painstaking task, but for those that look deeper than the stats, real greatness happens. It’s the veterans of college that don’t go straight to the NBA that seem to make a serious go at the championship before they leave. When you have two evenly matched offensive powerhouses, defense and full court press often times ends up becoming the easiest way to win. For instance, look for a team’s defensive record against others

Gaming – InfoBarrel

online gambling

It has gained its popularity which led to the existence of arcades. Some are old games that are just modified to fit with the modern times while some are totally new. But more than the prize being offered, online gamers are interested on the title for each competition. Even with the numerous online games available, offline gaming is still going to exist and probably preferred by some.

– Tabletop games

– Guessing games

With offline gaming, the usual games could last around 20 to 100 game play hours. But for you to fully appreciate online gaming, you should be aware of the technical aspects to secure a spot in what they call the elite circle of online gamers.

– Video games

– Domino and tile games

– Role-playing games (RPG) – These types of games can be played either in electronic format such as on a computer or video game console, some of them even being online like World of Warcraft, or they can be played as a tabletop game like White Wolf or Shadowrun.

These games are available online and the best part of it is that you can now play with people from all over the world. These games involve taking on the role of a character in the game and controlling the choices of the character while working with their strengths and weaknesses.

There are many different types of games. Watch out for that.

The Sims 3

Need for Speed: Shift

The Orange Box

The Elder Scrolls: Morrowind

Starcraft 2

“A game is a structured activity, usually undertaken for enjoyment and sometimes used as an educational tool. Additionally, games for offline gaming are either skill-based or story-based, with the former as the more difficult as it needs your experience and skillfulness in order to play and finish the game.

– Card games: Poker, Baccarat, Canasta – to name just the most popular and well known. The thought of outwitting their counterparts is what drives any online gamer to succeed. Almost every aspect of human interest turned out to be very accessible. And for these reasons, this is where offline gaming comes into play. Time, distance and nationality are defied in the so-called growing cyber world that gathers online gamers. In addition, such games are fairly simple to finish off, so gamers are not at all pressured to play for more hours.

Gambling

Playing Games

To play online, you must register first to be qualified and enjoy the benefits of various online gamers club. In the case of The Sims 3, it can be played either in a computer or PS3 console. Furthermore, there are times when people would simply want to relax and play a game without having to deal with the other players. One significant development has something to do with the way games are being played. Today these games are primarily electronic and cover a diversity of imaginary contexts that the modern computers try to recreate as a form of virtual reality.

There are a number of popular games for offline gaming as:

Gambling involves activities like casinos, sports books, poker, video poker, craps, black jack, roulette, slot machines, lottery and skill games – just to name a few. Games generally involve mental or physical stimulation, and often both. Key components of games are goals, rules, challenge, and interaction. By the year 1990, its popularity has hit the highest point, but eventually dropped since the market did not expand quickly as what was expected. That is why more and more IT experts are religiously developing new games or simply improving the current prevailing games since there is a huge public clamor for such.

Are you interested in playing games or in gambling? In real world, offline or online?

Online Gaming

– Simulation – Games of this type are extensions of childhood games where children pretend being in adult roles such as doctor, parent or fireman. While games for offline gaming are still available and loved by some people, the majority already prefers the online games at present.

Offline gaming is a cool way to fill in time and enjoy, especially when you cannot go online. Here, online gamers met and have formed virtual camaraderie through the game preferences they had. They are really popular in both real and online world.

One reason why online gaming is such a major success is because of the competition being held on a particular game every now and then in which fabulous prizes are at stake. From simple to complex, intellectual to sports related and the highly dynamic violent games, name it and you have a long list of choices.

– Board games: Monopoly, Go, Scrabble, Chess, The Settlers of Catan, Ticket to Ride, Maharaja, Backgammon, Taj Mahal, Mine a million, Torres, Lost Cities , Speachless, Logo board games, Masterpiece, Buzzle, Highlanders, History of the World, The Game of Life, Dominion, LifeStyle The Financial Planning Game

– Sports – here is a list with the most popular sports games: Football, Soccer, Baseball, BasketBall, Hockey, Rugby, Volleyball, Pool Games, Water Games, Cricket, Boxing, Wrestling, Golf, Shooting, Horse Racing, Car Games, Driving Games, Cycling, Bowling, Dodge ball Games, Fishing , Hunting, Ice Skating, Olympics Games, Parking Games, Skateboard, Snowboarding, Surfing Games, Winter Games.

– Pencil and paper games

Offline gaming began in the year 1970. The classification made by Wikipedia goes like this:

These games require a PC or laptop, but an Internet connection is not needed. Many games help develop practical skills, serve as a form of exercise, or otherwise perform an educational, simulational, or psychological role. Knowing the trend in online gaming, it is expected that there’s more to come in the future that’s completely exciting. A lot of games are now being introduced to the public. Attested as early as 2600 BC, games are a universal part of human experience and present in all cultures.” (en.wikipedia.org/wiki/Game)

– Dexterity/coordination games

Offline Gaming

Source

– Business games

Wikipedia, the free encyclopedia © 2001-2010 (en.wikipedia.org/wiki/Game)

– Dice games: Backgammon , Dice Chess, Ship, Captain, and Crew (or Six Five Four), Shoot the Moons, Strat-O-Matic

Information technology has certainly made a big impact to humankind. As a member, you may avail of discounts on games for sale, get the freebies given to its member, and the opportunity to meet and play with other online games enthusiasts worldwide