The Chinese bank Agricultural Bank of China (AgBank) has successfully completed the largest IPO in history to raise funds for a total of 22,100 million dollars (17.294 million euros) after executing the plot to oversubscription ('greenshoe') .
However, notes the Financial Times', claiming this' honorable mention 'has been a laborious task for both the entity to the underwriters of the offer and Chinese institutional investors, who have struggled over the past 30 days to keep the share price of AgBank above the IPO price set forth in order to avoid the fee for review of oversubscription.
Specifically, AgBank was listed on the Shanghai Stock Exchange on 15 July to debut a day after Hong Kong in the park amid high volatility and uncertainty in the equity markets, which allowed only one value manetener slight increase on the price of the IPO in its first week of trading.
Since then, shares of AgBank have shown a better performance in the Hong Kong than in Shanghai, where the share price has fallen back to levels set in the IPO.
Thus, initially erratic behavior shown by the actions of AgBank raised fears that the underwriters were forced to recover some of the early committed oversubscription fee, which would have thwarted the bid to become the largest IPO in history, surpassing also Chinese Industrial & Commercial Bank of China (ICBC), which grossed 21,900 million (17.132 million euros) in 2006 and to date was listed as the largest market worldwide debut.
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The right image shows an example of the devastation in Haiti compared to that of Chile. It can be seen that although the earthquake in Chile on Saturday was much more powerful, it is estimated that 50 times more than that rocked Haiti in January, so far the damage in the Caribbean country are unmatched with what happened in Chile .
Specifically, Chile suffered a shock of 8.8 magnitude on the Richter scale compared to 7 degrees suffered in Haiti, but the weak infrastructure of Haiti has become more evident devastation.
Rescue efforts, the count of casualties and material losses and still end up in Chile or in Haiti, when we're already two months after the tragedy, yet experts have ventured to make a comparison between the two natural disasters. And the general consensus is that the damage in the Andean country were large but lower than in Haiti.
Why in Haiti has been worse, being a small-scale earthquake?. Expose here some of the reasons:
The earthquake in Chile was not densely populated. It affected a lot of infrastructure but fortunately large areas population received only shock, not collapse.
Chile, compared with Haiti, is a rich country, much better organized and infinitely better prepared to respond. Its construction is earthquake because it has an experience with earthquakes of Haiti lacks.
Regarding the scale, the quake in Chile is about fifty times stronger than the Haitian earthquake on a pure energy, nowhere near a thousand, as some sources cite only observing log scale. The type of tremor is also crucial and the "shape" of earthquake damage on the surface determines (and relative depth).
The Haitian quake had an oblique movement (from one side to the other) that caused many landslides strong, like throwing a napkin on which rests a small house made of cards with letters. Although we do not know much about the Chilean Quake telluric features yet, the tremor is a typical Andean vertical, its motion is upward and in the form of bounds.
Chile showed a large organization when its president was able to give updates of the disaster several times to the people, the day of the disaster. In contrast, in Haiti, most Haitians do not know if their President Rene Preval was alive or dead even the day after the earthquake, as the National Palace and his residence had collapsed, along with most of the buildings.
The luck or chance was present in Chile. The epicenter of the quake on Saturday was away from the coast and about 34 kilometers below the surface in a relatively uncontaminated, while the disaster was more superficial tectonic Haiti about 12 miles deep, on the outskirts of Port au Prince.
Chilean architects have built thousands of homes for low income and whose structures withstand earthquakes. In Haiti, there are no technical building codes. The architect Patrick Midy said that in the poorest country in the Western Hemisphere were only three buildings earthquake-proof, he knew.
Practice makes perfect: Calais geologist said that seismic activity is so prevalent in Chile, where in 1960 there was the most powerful earthquake in recorded history, that "It is very likely that anyone here has experienced a major earthquake in life, "añadió.En change in Haiti," The Last in Port au Prince was 250 years ago. Who remembers that? "
* Chile earthquake image taken from the New York Times
"When you look at the architecture in Chile you see buildings that are damaged, but not complete breakdown you see in Haiti," said Cameron Sinclair, executive director of Architecture for Humanity, a nonprofit company that has helped in the reconstruction from 36 countries after disasters. Sinclair said he has colleagues in Chile who have built thousands of low-income structures to be earthquake resistant. In Haiti, however, there is no technical construction code.
In Haiti very few knew what happened last Saturday in Chile, how to know if millions of people still live in the streets, lacking food, water and electricity?
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The earthquake did not respect anyone in a city always fragile, believed to be accustomed to misfortunes until esteterremoto found wild. The presidential palace, the building of the UN has confirmed 14 dead but could have lost hundreds of employees, the cathedral, the best known hotel in the city, Parliament and hundreds of flimsy houses of a country always suffering, always mistreated by nature and by men, recorded substantial damage. Or have sunk forever. As schools and hospitals, where most needed. Even the "central prison has been destroyed. There have been leaks of prisoners," according to a spokesman for the UN Humanitarian Office.
The World Bank estimates that Haiti, the poorest country of America will lose more than 15% of its GDP because of the earthquake that struck on Tuesday, so it has confirmed a donation of 100 million dollars (70 million euros) , the highest announced so far by any country or international body.
In 2008, production of Haiti's GDP fell 15% due to four tropical storms, but the World Bank believes that this time the destruction exceed that level, since the disaster has affected a larger area and Port au Prince, the capital.
The Caribbean nation of 9 million people in a former French colony and the oldest black republic in the world, which was founded by freed slaves after a revolution that led to independence in 1804.
Haiti is the poorest country in America with an average annual income of $ 560 per person. It ranked 146 out of 177 countries in Human Development Index, UNDP.
More than half the population lives on less than $ 1 per day and 78% on less than $ 2. There is a high infant mortality rate (60 per 1,000 births) and the latency of HIV among those between 15 and 49 years is 2.2 percent.
The infrastructure in Haiti is close to total collapse and severe deforestation has left only 2% of the forests.
After decades of dictatorship, former Roman Catholic priest Jean-Bertrand Aristide in 1990 became the first Haitian leader chosen in free elections. Aristide was ousted in a military coup in 1991, but returned to command the support of the United States.
In 2004, Aristide was removed from the country by force and exiled after a rebellion by gangs and former soldiers.
Haiti is ruled by President Rene Preval since May 2006 when the country returned to a constitutional mandate.
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The inauguration of Barack Obama , the next January 20 in Washington, will be the first live event which European Broadcasting Union (EBU-UER) to distribute high-definition signal to the television networks on the continent. As reported by the institution in a statement prepared for its facilities in the United States section, Eurovision Americas Inc., "will break all records." Thus, the organization put five cameras on nearby roofs rotating the Capitol, 18 fixed cameras near the U.S. capital, and four studies with direct connections to the square of the Capitol, where President-elect will make his oath. The multi-signal cover the inauguration and Obama's speech to be held at 18.00 am (Spanish time).
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As you know that you begin to be readers of Economy @ 21, this page has not even two months running, however I have already received some suggestions via e-mail through the window at the bottom of the homepage, in which comenteis invite you to possible improvements, issues that wish to treat, and general suggestions.
Well, following your suggestions, Economics @ 21 has opened in the last two weeks a couple of new sections:
Chaldeans , will try to inform you of news caldentes, ie those that receive more visits, as well as the most valued for yourself (you know that you can evaluate all the news checking the stars that are under its head) and Finally the best value. Logically, the number of visits / votes that show only reflects changes made from time to open the section, so the previously received are not considered. In any case, I hope with your help these grow substantially in the near future.
Polls : Each time you enter you have the opportunity to vote to a question from those that are currently open. However, if you want to participate in more than one can access this section via the main menu is at the top of this page. Each survey will show you voted the outcome of the votes of all participants, so I invite you to participate in those on which ye leave your opinion. At the end of the survey liberate a news report the final outcome of it. If you want to try some questions in particular do not hesitate to send me a comment through the space available to them at the end of the page.
I look forward seeing you soon here and we form a community where all participate, comment and publish our own post about the great diversity of current economic issues.
As you know where to be you begin readers of Economy @ 21, does not carry this page or two months running, howeve I Have Already Received Some suggestions via e-mail Through the window at the bottom Appears That of the homepage, In Which I invite Improvements possible to comenteis you, topics you want treat, and suggestions in general.
Well, Following your suggestions, Economy @ 21 over the past've Opened a couple of weeks two new sections:
Chaldeans : try to inform the news more hots, That Is, Those That Receive more visits, as valued by yourselves MOST Were (you know You Can Appreciate all the headlines marking the stars That are under Their owner) and Finally the right choice. Logically, the number of visits / Reflected votes only show the time That since the opening section, so the Previously Received Any case not consideran.En is, I Hope That your Collaboration With These grow substantially in the near future.
Polls : Each time you enter You have the Opportunity to vote on a question of Which are open at That Time. Howeve, if you want to Participate in more than one dog access this section via the main menu is located at That the top of this page. Each voted inquiry Will Show you the result of votes of all Participants, so I invite you to Participate in Those on Whom want to leave your opinion. At the close of the poll to liberate the final news report outcome of it. If you want to try some issues do not hesitate in particular in sending me a comment via the space available to it at the bottom of the page.
I look forward seeing you here soon and Will train to large community Where We All Participate, comment and publish our own post on the wide range of topical Economic Issues.
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Which sectors historically perform better when a change in the White House? Here is a brief summary compiled from various sources, by sector and trends:
Ta democratic government has better behavior in the following sectors: Industry, Services, Technology, Finance, Health, Energy.
Republican government has better behavior in the sectors: Telecommunications, Commodities, Materials.
In the special case of the Obama candidacy, highlighting the energy sector and thus the renewable energy related companies, which aims to make a strong bet.
This gentlemen make their choice.
Which Sectors are historically better behaving When There Is a change in the White House?Here are a brief summary compiled from Various sources, DEPENDING ON Sectors and trends:
Provides better Democratic Government Behavior in the Following Sectors: Industry, Services, Technology, Finance, Health, Energy.
Provides better Republican Government Behavior in the Following Sectors: Telecommunications, Commodities, Materials.
In the special case of Obama's candidacy, Highlighting the energy industry and related companies With It to the Renewable Energies, Which to make a strong AIMS bet.
Gentlemen, make your choice.
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Graphic video explaining the real estate crash. It is explained in English, but accompanied by very illustrative graphics, so if you do not understand the language enough to put him in silence and limit yourself to see it.
Video Explaining the crack chart real estate.It's Explained en Español, But together with illustrative graphics, so if you do not Understand the language enough to put it in silence and limit yourself to view it.
Another contribution, this time in Spanish, and in less than three minutes,
Another provision, this Time in Spanish, and in less Than three minutes,
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