Inflation-linked savings bond earnings fall to zero
Washington: The earnings rate on the newest issue of US inflation-indexed savings bonds will fall to zero between May and November for the first time, reflecting a drop in a gauge of consumer prices.
The Treasury resets rates on savings bonds on the first of May and November.
Savings bonds, unlike Treasury securities, aren't traded on financial markets and are sold to individuals through banks and over the internet in small denominations, starting below $100.
They collect interest for up to 30 years.
The Series I bonds, which were introduced a decade ago, fluctuate in value with the inflation rate. The government also sells fixed-rate Series EE savings bonds.
Sunday, May 3, 2009
Opting out of regular savings plans is not a bright idea
One of today's frequently asked questions, and normally preceded by the phrase: "I am disappointed" is: should I encash my regular savings plan? A more worrying question is: should I encash my regular savings plan and invest the proceeds into another plan which is bound to perform better?
The popularity of the question is rooted in the fact that few people will be showing a profit (at this point in time) on ten-year savings plans. Pensions, education plans, retirement policies, the whole universe of frequently funded investing will have been hit by the same forces which brought this year's Barclays Gilt Study to observe that ten years of savings into the S&P US market would have got you nowhere.
One of today's frequently asked questions, and normally preceded by the phrase: "I am disappointed" is: should I encash my regular savings plan? A more worrying question is: should I encash my regular savings plan and invest the proceeds into another plan which is bound to perform better?
The popularity of the question is rooted in the fact that few people will be showing a profit (at this point in time) on ten-year savings plans. Pensions, education plans, retirement policies, the whole universe of frequently funded investing will have been hit by the same forces which brought this year's Barclays Gilt Study to observe that ten years of savings into the S&P US market would have got you nowhere.
Aramex first quarter net profit rises 19%
Dubai: Aramex, the global logistics solutions provider, announced on Sunday net profits of Dh43.1 million for the three-month period ending March 31, 2009, compared to Dh36.2 million for the corresponding period in 2008, representing an increase of 19 per cent. The company’s strong financial performance, despite extremely challenging market conditions, reflects the adaptability of Aramex’s asset-light business model, and its ability to quickly adopt cost-efficient programmes during prolonged economic downturns.
Revenues for the first quarter of 2009 reached Dh463.4 million, a 6 per cent drop from the Dh494.5 million achieved during the same period in 2008. However, although this decrease was driven by a significant global slowdown in trading activity and a fall in worldwide industrial output, the depressed climate did help Aramex in reducing costs by negotiating better rates with its major suppliers.
Dubai: Aramex, the global logistics solutions provider, announced on Sunday net profits of Dh43.1 million for the three-month period ending March 31, 2009, compared to Dh36.2 million for the corresponding period in 2008, representing an increase of 19 per cent. The company’s strong financial performance, despite extremely challenging market conditions, reflects the adaptability of Aramex’s asset-light business model, and its ability to quickly adopt cost-efficient programmes during prolonged economic downturns.
Revenues for the first quarter of 2009 reached Dh463.4 million, a 6 per cent drop from the Dh494.5 million achieved during the same period in 2008. However, although this decrease was driven by a significant global slowdown in trading activity and a fall in worldwide industrial output, the depressed climate did help Aramex in reducing costs by negotiating better rates with its major suppliers.
Dubai Investments reports net profit of Dh269m for first quarter
Dubai: Dubai Investments PJSC (DI) reported a net profit of Dh269 million for the three months ended March 31 2009 with a consolidated total income of Dh831 million. Total assets as of March 31 have increased to Dh14.36 billion, a growth of 25 per cent over the total assets of Dh11.47 billion as at March 31 2008. Net Worth increased to Dh7.53 billion, a growth of 39 per cent over the net worth of Dh5.42 billion as of 31 March 2008. The annualised return on share capital achieved for the period is 33 per cent. "Dubai Investments has maintained its track record of good results even in these difficult times," said Khalid Bin Kalban, Managing Director and CEO of Dubai Investments.
"These results exceeded our expectations and we anticipate the positive trend to continue in the future. We are now targeting new geographical markets to generate additional revenue streams which would enable us to absorb some of the effects of the downturn."
Dubai: Dubai Investments PJSC (DI) reported a net profit of Dh269 million for the three months ended March 31 2009 with a consolidated total income of Dh831 million. Total assets as of March 31 have increased to Dh14.36 billion, a growth of 25 per cent over the total assets of Dh11.47 billion as at March 31 2008. Net Worth increased to Dh7.53 billion, a growth of 39 per cent over the net worth of Dh5.42 billion as of 31 March 2008. The annualised return on share capital achieved for the period is 33 per cent. "Dubai Investments has maintained its track record of good results even in these difficult times," said Khalid Bin Kalban, Managing Director and CEO of Dubai Investments.
"These results exceeded our expectations and we anticipate the positive trend to continue in the future. We are now targeting new geographical markets to generate additional revenue streams which would enable us to absorb some of the effects of the downturn."
Huge interest in Dubai bond
Beirut: A sovereign bond issue planned by Dubai this year has drawn a lot of international investor interest, a member of a Dubai committee formed to tackle the fallout of the global financial crisis said on Saturday.
Dubai launched a $20 billion sovereign bond programme in February to help state-linked firms. The first $10 billion tranche was sold to the UAE Central Bank. It is looking to issue the rest this year.
Omar Bin Sulaiman, who is also deputy chairman of the UAE Central Bank, said international investors and sovereign wealth funds had shown interest.
Beirut: A sovereign bond issue planned by Dubai this year has drawn a lot of international investor interest, a member of a Dubai committee formed to tackle the fallout of the global financial crisis said on Saturday.
Dubai launched a $20 billion sovereign bond programme in February to help state-linked firms. The first $10 billion tranche was sold to the UAE Central Bank. It is looking to issue the rest this year.
Omar Bin Sulaiman, who is also deputy chairman of the UAE Central Bank, said international investors and sovereign wealth funds had shown interest.
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