…. includes a political subdivision of a foreign state or an agency or instrumentality of a foreign state as defined in subsection (b). (b) An “agency or instrumentality of a foreign state” means any entity— (1) which is a separate legal person, corporate or otherwise, and (2)...
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residual fuel oil burned. Saudi Arabia has the world’s 4" largest gas reserves, yet reaching the 5.8 bcf/d production growth target by 2020 is not that straight forward. ..though boosting gas production to the NTP target poses significant challenges The new Wasit project, which...
766 ber 11, 2001 terrorist attacks, as well as insurance carriers, brought actions against al Qaeda, al Qaeda’s members and associ- ates, alleged state sponsors of terrorism, and individuals and entities who allegedly provided support to Al Qaeda, asserting causes of action unde...
…N WHO RECEIVES THIS MEMORANDUM AGREES THAT ITS CONTENTS ARE A TRADE SECRET, THE DISCLOSURE OF WHICH IS LIKELY TO CAUSE SUBSTANTIAL AND IRREPARABLE COMPETITIVE HARM TO THE MANAGEMENT COMPANY AND THE FUND. BY ACCEPTANCE HEREOF, EACH RECIPIENT AGREES NOT TO TRANSMIT, REPRODUCE OR MA...
For marketing purposes only oe UBS ClO WM Global Investment Office | External Version ClO monthly video www. ubs.com/cio-video For smartphone users: scan the code with an app like "scan" UBS CIO Monthly Extended July 2012 Published Please see important disclaimer and disclo...
…managers indices (PMI), July estimates 22-25 July = China: HSBC flash manufacturing purchasing managers index (Jul) 36 UBS Global growth expected at just under 3% in 2012 Real GDP growth in % Inflation in % 2011 2012F = =2013F 2011 2012F =. 2013F Americas US 17 21 2.6 3.1 2....
…n), 2Q12 GDP 11-15 Jul New bank lending, M2 Gun) 22-25 Jul HSBC flash manufacturing purchasing managers index (Jul) a UBS For further information please contact CIO analyst Gary Tsang, gary.tsang@ubs.com, Glenda Yu, glenda.yu@ubs.com, Patrick Ho, patrick-ww.ho@ubs.com First in...
…atar was eager to compensate by hosting a more robust American command presence in the region. The Arab uprisings and subsequent GCC intervention in Bahrain have turned the tables, making Saudi security backing a necessity for the smaller Gulf monarchies. From their perspective,...
…share of stock in a British supermarket chain. Activist Foreign Policy If Qatar's foreign policy appears eclectic in substance, its style often seems inconsistent -- and challenging even to its friends. Over the past several years, Qatar has tried to distinguish itself from the...
… Arabia, Medgulf and Tawuniya) or set up its own insurance company e.g. an Abu Dhabi-style Daman. Nor whether it would subsidise premiums or simply force the private sector to employ more Saudis. Government needs to improve private sector relations At present the government has...
…re Current (24 Oct) (last month): Soybeans, USD 15.17/bu (16.12); Corn, USD 7.54/bu (7.44); Wheat, USD 8.84/bu (8.87) UBS View 6-month target: Soybeans: USD 17.0/bu; Corn: USD 9.0/bu; Wheat: USD 9.5/bu ¢ Major US supply surprises on the grains side are rather unlikely in the ne...
…ities total ; | Precious metals Energy Base metals Commodities Agricultural Listed Real Estate Bnew old Source: UBS ClO WM Global Investment Office - as of 25.10.2012 2 UBS mnew old * Please note that the bar charts show total portfolio preferences and thus can be inte...
…rrent (24 Oct) (last month): Copper USD 7,815/mt (8,271); Nickel USD 16,336/mt (18,351); Aluminum USD 1,912/mt (2,079) UBS View 6-month target: Copper: USD 8,800/mt; Nickel: USD 19,000/mt; Aluminum: USD 2,100/mt e After the swift uptick in prices, base metals have been under ren...
Equity styles UBS View Prefer value and large caps in Europe, mid caps in US ¢ We recommend that investors look for value opportunities in Europe: The cheapest stocks within each sector are at extreme relative valuations, which should begin to normalize. Within Financials, howev...
…12 is skewed to the downside. The ECB remains on hold, but the bar to support the economy and markets has been lowered substantially. We see a significant probability of policy action in early July, including the possibility of a rate reduction. Despite all the talk about politic...