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Posts Tagged ‘ Tokyo ’

The Foreign Exchange Business

forex

The Forex market is a global and open market that is used to trade foreign exchange currencies.  Currency exchange operations in the Forex market take place on a 24 hour basis with the exception of the weekends.

In international business, currency conversion is required on a daily basis.   Global Financial Centres such as London, New York, Hong Kong act as hubs for buyers and sellers to trade in financial instruments.  Typically, the income for such FX trades comes from the largest players in the financial market like  BNY Mellon, Goldman Sachs and Citi.    Traders deal Dollars, Euros, Yen etc. on behalf of investors (the investor profile typically being large institutions). Continue reading

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News in Brief-Brooks Mania Grows As BBC Makes Unfortunate Error

bbc

NIB has been away swimming through Cork (you may have seen us on the news), hope no one was too distraught, anyway we’re back now, stop crying.

Seems while we were gone the Neknomination craze took off with dire consequences. The latest story following the Facebook phenomenon has seen an Irish girl in Australia swallow a goldfish in her “neknominated” pint. NIB hoped it was the classic carved carrot joke but sadly not. The girl, a trainee solicitor no less, from Newry has since received death threats and online abuse, to which she replied, celebs do it on I’m a Celebrity Get Me Out of Here (How did she get through the entry exams?) and, you know, she get’s it yeah? Writing on her Twitter “feel depressed.” To what extent can humans become more ridiculous? Continue reading

American Football Returns To Dublin In 2014

cpcUCF and Penn State, in conjunction with the Gaelic Athletic Association, will travel across the Atlantic Ocean to open the 2014 football season with The Croke Park Classic on Saturday, August 30th, 2014 at Croke Park.

The announcement was made during the GAA Leinster Football Finals at the Dublin venue with members of each institution present, including UCF Vice President and Director of Athletics Todd Stansbury and Head Coach George O’Leary. Continue reading

Italian President To Establish New Government As Berlusconi Resigns

Italian President Giorgio Napolitano will today begin the crucial political process of deciding how to establish a new government in order  to cement a stable political and economical future for his country.

This move follows last night’s announcement by Prime Minister Silvio Berlusconi that he is to resign, despite his claims a day earlier that he would remain in office.

The transition will take a number of weeks, as both houses of parliament must first pass key reforms demanded by the European Union to cut the country’s debt and boost economic growth.

As of yet, it is unclear if a new coalition government will take power or if there will be a general election. Many critics have argued that the last thing the country needs at present is an election as it will lead to huge cost and may also destabilise the leadership of the country at a time when they need it most.

Italian stocks opened 1.38% higher this morning following Berlusconi’s announcement, while the Euro was steady against the dollar in Asian markets with The Hang Seng in Hong Kong and the Nikkei in Tokyo both increasing by 1%.

President Napolitano is faced with a tense few weeks as he attempts to steer Italy through a political crisis at a time when the country’s financial independence is under threat from France and Germany.

The financial markets would hope that the controversial Berlusconi could be replaced by a technocratic coalition, which would introduce overdue but deeply unpopular economic reform, such as in the area of pensions.

Berlusconi said today he sees Italy holding early elections at the start of February and that he will not be a candidate for office again.

“I will resign as soon as the (budget) law is passed, and, since I believe there is no other majority possible, I see elections being held at the beginning of February and I will not be a candidate in them,” he was quoted as saying in a conversation with the editor of La Stampa newspaper.

As the negotiations get under way, a series of economic reforms demanded by the EU should go through both houses of parliament, possibly as early as 15 November.

Wrestlers Tokyo Tremor Scare

A leading Irish wrestler who is based in Japan has revealed his horror at what he thought was just a tremor.

Fergal Devitt who wrestles with the New Japan Pro Wrestling company has been a Tokyo resident for five years. In his time there small earthquakes have been relatively common.  

 The Bray native bought a house some years ago on the outskirts of the Japanese capital. He was at home when the earthquake struck and said he felt it would be no different to any others but he was wrong. 

“At first it was nothing out of the ordinary, like a rumbling vibration for thirty seconds. Normally after that it would return to calm but then a series of violent jerks began. It was at that moment that we realized this was a lot bigger than normal”.

 The current IWGP Junior Heavyweight champion went out into the street to see what was going on and was shocked at what he witnessed. “The house was rattling, cars were rocking from side to side and the lamp posts were swaying around like tree tops. The entire street swayed back and forth for a few minutes, it was like been on a ferry”.

 Devitt revealed that he didn’t know what had happened elsewhere until he turned on the news. “We had no idea the extent of the damage elsewhere in Tokyo and what was to come up north. It’s hard to comprehend just how far reaching an earthquake can be. It wasn’t until news reports about an hour later that we were to discover the true extent of the damage”. 

He added that in Ireland we see these disasters all too often but we are lucky to have rarely experienced it. “We performed in Sendai City just over two weeks ago. We also performed in other parts of Japan and now the entire towns there have been wiped out. It is a very humbling realization that we are powerless at the hands of mother nature”.

 NJPW has cancelled its shows for this week and will resume at the weekend in Nagoya and Osaka.

 This article featured in the Irish Daily Mirror on Wednesday 15 March 2011. 

Japan Awakes To Devastation

As the dawn breaks over Japan,a new day begins yet the destruction of yesterday`s earthquake and tsunami remain painfully vivid for all to see.

 The massive 8.9 magnitude quake on Friday caused a 33ft wave that hit the port of Sendai city,bringing the entire city to the ground and leaving the country staring at huge financial repercussions.

The country is still coming to terms with the devastation, with early indications shown that thousands have perished. The Pacific nation has received another blow with the crisis of a possible nuclear threat hanging over them.

The threat of radiation continues to develop after faults at the Fukushima Daiichi nuclear plant.

The International Atomic Energy Agency(IAEA) said it was in “full response mode” after the unit 2 reactor at the plant plant suffered a cooling fault and thousands of residents in surrounding areas were evacuated.

The coastal power plant, northeast of Tokyo, is still partially submerged. It has been confirmed that it is no longer possible to control the pressure in the reactors and some 40 000 people have been evacuated from the area.

 The earthquake has sparked at least 80 fires in cities and towns along the coast of Japan.

Car manufacturing plants, electronics factories and refineries have been shut, many roads are blocked and most of the country remains without electricity.

Several airports, including Tokyo’s Narita, have been closed and all rail services halted. All ports also remain shut.

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