The BBs Finance

Pretty much just as predicted

Forbes Rishest 400 Americans. No1 related to sports is PAUL ALLEN , owner of the SEATTLE SEAHAWKS!

Forbes: U.S. richest includes 32 sports owners The Forbes' Richest 400 Americans list published Monday features owners of 32 professional sports teams. It's a group led by Microsoft co-founder Paul Allen of the Portland Trail Blazers and the Seattle Seahawks.

A rating downgrade is said to be possible with Italy due to political turmoil. Coalition government proves elusive since the general elections in late February. The president, aged 88, will leave office in mid-May. The biggest political uncertainly may involve who will succeed his post and whether new elections have to be called. The country is well worth our attention.

France, another key eurozone member, is ridden with debt as well. According to the statistics bureau INSEE, French public debt increased to 1.83 trillion euros by the end of 2012 or 90.2% of GDP, higher than the government estimate of 89.9%. Last year, budget shortfall was cut to 98.2 billion euros or 4.8% of GDP but still failed to match the government estimate of 4.6%, let alone the EU target of 3%. Poor job data pose considerable pressure on the economy. As employment market is expected to remain sluggish in 2013, rising unemployment may become a major challenge to economic growth and deficit cutting.

After Cyprus, it is at least evident anxiety is growing with capital in face of the debt crisis as both 10-year bond yield and credit default swap of PIIGS countries went up. Given what happened to the island, deposits in PIIGS banks are definitely looking less secure. Should any of these countries need another bailout, it is now more likely for the debts to be covered in part by depositors. Therefore, a capital flight from Southern to Northern Europe is expected and the interest rate differential may again widen.

The euro plunged to 1.28 against the greenback due to the ongoing Cypriot debt crisis, which has inflicted massive losses to big depositors in its second largest bank. The surprisingly calm reaction from Moscow seems to be a hint of changing politics in Europe. Many commentators put Russia as the main victim, while some go further by claiming the incident is mastermind-ed by Germany in a bid to oust Russian capital from Cyprus or even the entire eurozone.

yoo Residence 呎價4.52萬創新高

http://hk.finance.yahoo.com/news/yoo-residence-%E5%91%8E%E5%83%B94-52%E8%90%AC%E5%89%B5%E6%96%B0%E9%AB%98-220800378.html;_ylt=AmhGhiA0hS1WxqY0VWGOdYdigLVG;_ylu=X3oDMTQ1bTdqOG02BG1pdANUb3AgU3RvcnkgRlAgSEsgTWFya2V0IE5ld3MEcGtnAzUxZTM0Y2ZiLTEzOGEtMzE4NS05ZTE1LTI5Mjc2YzQ5ZDY1YQRwb3MDNgRzZWMDdG9wX3N0b3J5BHZlcgM3MWRjMDE0MC05ZjA2LTExZTItYjNmZi05YTE1MDI5NDQxZGI-;_ylg=X3oDMTFwNmxkMXNzBGludGwDaGsEbGFuZwN6aC1oYW50LWhrBHBzdGFpZAMEcHN0Y2F0A.S4u.mggQRwdANzZWN0aW9ucw--;_ylv=3

yoo Residence 呎價4.52萬創新高 (綜合報道)(星島日報報道)大型新盤部署出擊，一手市場由單幢豪宅及新盤貨尾支撐成交，銅鑼灣yoo Residence續錄得成交，昨日再錄兩伙A室一房複式戶成交，其中二十九樓A室實用呎價達四萬五千二百三十三元，發展商指，單位成交呎價創全港一房戶紀錄。 　　打破名鑄高層紀錄 　　綜合市場消息，新盤市場錄約十五宗成交，其中資本策略等旗下銅鑼灣yoo Residence進入開售第二天，該公司旗下尚家生活董事總經理方文彬表示，該項目銷情不俗，昨日錄兩伙一房複式單位成交，其中二十九樓A室，定價二千零九十八萬八千元，實用呎價四萬五千二百三十三元，建築呎價三萬三千元，指該複式戶成交呎價創全港一房戶紀錄。 .....