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The clear sign that the 49ers are on the right track

first_imgCLICK HERE if you are having a problem viewing the photos on a mobile deviceSANTA CLARA — The 49ers played their fourth and final preseason game on Thursday night. They lost, but nothing that happened in the game really mattered. If you watched or even heard tell of it, go ahead and Forget it ever happened.I only mention the meaningless preseason finale because it was the last checkpoint before a truly important date on the 49ers’ calendar: cut day. The NFL used to mandate that …last_img read more

South Africa eyes Islamic bond issue

first_imgInterested service providers are expected to submit proposals by 21 December 2011, with the shortlisted bidders set to be informed by 20 January 2012. The successful bidder will also have to market the bond to investors, indicate underwriting and market-making appetite, facilitate the book building process and provide any additional services required to successfully launch the bond. “Sukuk can be structured alongside different techniques. While a conventional bond is a promise to repay a loan, Sukuk constitutes partial ownership in a debt (Sukuk Murabaha), asset (Sukuk Al Ijara), project (Sukuk Al Istisna), business (Sukuk Al Musharaka), or investment (Sukuk Al Istithmar),” the website states. 7 December 2011 Apart from providing advice, the successful bidder will be required to structure, manage and coordinate the issuance of the Sukuk. It will also be responsible for obtaining relevant regulatory approvals, as well as securing a listing for the bond both locally and internationally. According to online encyclopaedia Wikipedia, fixed income, interest-bearing bonds are not permissible in Islam, so Sukuk securities are structured to comply with the Islamic law and its investment principles, which prohibits the charging or paying of interest. According to the Treasury, the invitation is in line with its intention to diversify its funding and investor base. Complying with Islamic law “There is a great interest in the Sukuk market and this is the first step towards meeting the growing appetite for government backed Shariah compliant investments,” Treasury Director-General Lungisa Fuzile said in a statement this week. South Africa’s National Treasury has invited banking institutions to submit proposals to assist in providing advisory services and in the structuring and issuance of a government Islamic bond, or Sukuk, in both local and international markets. SAinfo reporterWould you like to use this article in your publication or on your website? See: Using SAinfo materiallast_img read more

Latest big diamond from SA ‘could fetch record price’

first_img20 June 2014 An exceptional 122.52-carat blue diamond discovered at the Cullinan mine in South Africa could fetch a record price, an analyst with UK broker FinnCap told The Telegraph last week. London-listed Petra Diamonds, the owner of the Cullinan mine outside Pretoria, announced last Friday that it had unearthed the diamond, saying in a statement that “the rarity of a blue diamond of this magnitude sets it apart as a truly significant find”. Blue diamonds are more valuable than their white counterparts, and both, once cut, are worth more than their rough (uncut) originals. Petra said the stone “will require further analysis in order to assess its potential value, and upon completion of this process, Petra will be in a position to evaluate its optimal route to market”. Martin Potts, a mining analyst at FinnCap, told the Telegraph: “So far, the highest price on record paid for a rough [uncut] diamond was £20-million [US$35.3-million], in February 2010 for a 507-carat white stone, also recovered from Cullinan. We think that this stone may break that record.” It is the largest blue diamond the company has recovered since its 2008 acquisition of Cullinan, one of the world’s most celebrated diamond mines. Located at the foothills of the Magaliesberg mountain range, 37 kilometres north-east of Pretoria, the Cullinan mine earned its place in history in 1905 with the discovery of the Cullinan diamond, the largest rough gem diamond ever found at 3 106 carats. This iconic stone was cut into the two most important diamonds that form part of the Crown Jewels in the Tower of London – the First Star of Africa, which is mounted at the top of the Sovereign’s Sceptre and which at 530 carats is the largest flawless cut diamond in the world, and the Second Star of Africa, a 317-carat polished diamond which forms the centrepiece of the Imperial State Crown. According to Petra Diamonds, the Cullinan mine frequently yields diamonds larger than 10 carats, and has produced over 750 stones weighing more than 100 carats, 130 stones weighing more than 200 carats, and around a quarter of all diamonds weighing more than 400 carats. “Cullinan is also renowned as the world’s most important source of blue diamonds, providing the collection of 11 rare blues displayed in 2000 at London’s Millennium Dome alongside the Millennium Star and which included the fancy vivid blue ‘Heart of Eternity’ (27 carats polished),” the company said. Cullinan’s previous major yield, a 29.6-carat blue diamond found in January, sold the following month for $25.6-million. Petra Diamonds has interests in five producing mines in South Africa and one in Tanzania, and also maintains an exploration programme in Botswana. SAinfo reporterlast_img read more

UAAP volleyball: Ateneo nabs twice-to-beat after blanking of Adamson

first_imgPanelo: Duterte ‘angry’ with SEA Games hosting hassles Private companies step in to help SEA Games hosting 76ers season has gone south with each visit to Toronto Don’t miss out on the latest news and information. Philippine Arena Interchange inaugurated PH underwater hockey team aims to make waves in SEA Games PLAY LIST 02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games02:11Trump awards medals to Jon Voight, Alison Krauss Cayetano: Senate, Drilon to be blamed for SEA Games mess LATEST STORIES Sports Related Videospowered by AdSparcRead Next DA eyes importing ‘galunggong’ anewcenter_img View comments Hontiveros presses for security audit of national power grid MOST READ Duterte wants probe of SEA Games mess SEA Games hosting troubles anger Duterte ADVERTISEMENT MANILA, Philippines–Ateneo took no chances against Adamson to prevail, 25-16, 28-26, 25-17, Wednesday to secure a twice-to-beat incentive going into the Final Four of the UAAP women’s volleyball at FilOil Flying V Center.ADVERTISEMENT At 11-2, the Lady Eagles can even go all the way to the No. 1 spot in the semis if they win on Sunday, fighting the ousted University of the East Lady Warriors in the last elimination day.The Lady Eagles finished the match in just one hour and 27 minutes with Kat Tolentino topscoring with 17 points.FEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSPalace wants Cayetano’s PHISGOC Foundation probed over corruption chargesSPORTSSingapore latest to raise issue on SEA Games food, logisticsMaddie Madayag scored 13 points for Ateneo which slingshot back to the winning orbit after suffering its second defeat of the season at the hands of La Salle.RELATED VIDEOlast_img read more

Using colours of life through art

first_imgIndian monuments, forts, and religious structures bear ample proof of the richness of Indian art from time immemorial and this is both diverse and fascinating.The origin of Indian art, in fact has its roots from the pre-historic era. Since then, it has evolved in myriad forms. The art works of this country – paintings, sculptures, and even traditional arts like Rangoli, have always been highly appreciated globally. India also celebrates art and culture and acknowledges the work of budding talents at larger platforms.  Also Read – Add new books to your shelfThe Embassy of Hungary, New Delhi and The Hungarian Information Cultural center presents “Life and Evolution”, an art exhibition by an inspiring artist, Meher Juneja. The Hungarian Ambassador, Gyula Petho will be inaugurating the exhibition in the presence of Guest of Honour DP Sibal- a noted eminent artist himself. Meher takes inspiration from life and establishes her thoughts in the form of beautiful paintings. The detailing of her art works exhibits the depth and uniqueness in her art, which makes her paintings distinctive and different from others. Her work shows tremendous detailing and uniqueness which makes her paintings distinctive and different. Meher uses different mediums to make her paintings captivating and full of fusion of oil pastels, markers, charcoal, and brush pens.  Also Read – Over 2 hours screen time daily will make your kids impulsiveThe vibrancy of the colours symbolises the beauty of life while the detailing of her work showcases the depth in her art. The black and white form expresses the detailing of the paintings which are connected deeply with life and combined showcase the journey of life. The artist says she is a firm believer of the fact that her positive attitude towards life what makes her what she is. “I believe that positive energies do rebound into our life in some way or the other. I use painting as a medium of expression to let others know what encouragement and constructive thoughts are. I would like to be one day recognized as an artist who spreads positivity through art.  Down the line I see myself as an artist whose work is adored by others for peace. At any point of time in life, peace inside and happiness outside is what is analogous to the euphoria which I would want to attain through my work as an artist and want to spread to others too.”WHERE: Hungarian Cultural CenterWHEN: December 12 – 19Timing: 11AM – 8PMlast_img read more

Vidya Balan launches Sencos affordable diamond jewellery

first_imgKolkata based Senco Gold & Diamonds, the largest jewellery retail chain from Eastern India, announced the launch of ‘Tumhare Diamonds’ – an extremely affordable diamond jewellery collection with prices ranging from Rs 6,000 – Rs 20,000 only. The collection consisting of rings, earrings and pendants was launched by Tumhari Sulu star Vidya Balan alongside Suvankar Sen, Executive Director, Senco Gold & Diamonds. Starring Vidya Balan, the story of Tumhari Sulu revolves around the life of Sulochana (Sulu) who lands herself an unexpected job of a Radio Jockey of a late-night show. Sulu soon becomes very famous and this is when her struggle to maintain a balance between her personal and professional life begins. The story then unfolds to show how Sulu overcomes these challenges. Also Read – Add new books to your shelf Speaking at the launch, Vidya Balan said, “It is every woman’s dream to wear diamond jewellery. I am delighted to launch the ‘Tumhare Diamonds’ collection which will make it possible for these dreams to come true. I congratulate Senco Gold & Diamonds for coming up with a range of diamond jewellery which is affordable for the masses as well as elegant in design”. Suvankar Sen, Executive Director, Senco Gold & Diamonds, said, “The ‘Tumhare Diamonds’ range as part of our everlite collection is a tribute to the modern women of India who, in many ways are similar to Sulochana from Tumhari Sulu; for whom achieving anything is possible. At Senco, we believe that every woman should be able to wear diamond jewellery and be a confident woman just like our brand ambassador Vidya Balan. Also, women today prefer to buy everyday jewellery and we specialise in this segment. Also Read – Over 2 hours screen time daily will make your kids impulsive Senco Gold & Diamonds, founded in the year 1938 by late Sri MC Sen is one of the oldest jewellery organizations in India. Headquartered in Kolkata, Senco Gold & Diamonds has 85 stores spread across India and is the largest jewellery retail chain from Eastern India. Senco Gold & Diamonds has an array of products on offer for every occasion, with more than 10,000 new designs being developed every year. Their popular everlite collection has exquisitely designed light-weight jewellery available at extremely affordable prices. Senco Gold & Diamonds exports to countries like USA, UK, Singapore and the Middle East.last_img read more