| New Forex Software Makes Small Investors Millionaires
Highland Heights, OH -- February 8, 2007 -- Protraderforex-announces Conquest, a home PC version of forex trading software that could double investor money every year. The concept is if you start with just $200 then doubled it you would have $400. Do that 14 times and you would have $3,276,800Rich Henry, Vice President of Protraderforex says, "Now that 73 percent of homes in the USA have computers we need to put them to work. Not playing video games, but making people money. For the first time, anyone that knows how to use a home computer can profit directly from it."Everyday more than 2 trillion dollars are traded in the currency market better known as forex (foreign exchange) as compared to just 50 billion for the stock market. The problem is that 95 percent of people lose 100 percent of their initial investment money trying.
Online Trading Academy to participate in Middle East Forex Trading ...
Not one to be unaccounted for, Online Trading Academy, the worlds most trusted name in professional trader education, is among the exhibiting forex institutions at The Middle East Forex Trading Expo.As always, Online Trading Academy is making their presence felt in the forex industry by being at the long sought after forex event in the region. Their presence in The Middle East Forex Trading Expo is attuned to their mission of transforming lives worldwide through exceptional trading and investing education. Online Trading Academy finds the expo as the perfect venue to further educate and increase the awareness on forex, specifically in the region which eagerly welcomed the concept as evidenced by its rapidly growing trend.Dont miss your chance to meet and learn from the dedicated team of Online Trading Academy.
Sterling Bancorp Reports FY 2006 Financial Results
NEW YORK, Feb. 9 /PRNewswire-FirstCall/ -- Sterling Bancorp (NYSE: STL) , a financial holding company and the parent company of Sterling National Bank, today reported its financial results for the fiscal year and fourth quarter ended December 31, 2006. "In 2006, the persistently flat or inverted yield curve and higher funding costs created a challenging operating environment across the banking industry. Against this difficult backdrop, Sterling built on its core businesses and reported record levels of gross revenue, loans and deposits for the year, while maintaining one of the highest net interest rate margins in the sector. We used monthly cash flows from the investment portfolio to fund loan growth and to reduce wholesale borrowings and interest rate risk on our balance sheet," said Louis J.
Venezuela Issues $5 Billion in Bonds, Investment Rating Improves
Caracas, February 9, 2007 (Venezuelanalysis.com) Ricardo Sanguino, head of the Venezuelan National Assemblys finance commission, announced Wednesday that the government planned to issue US$5 billion (3.85 billion) in bonds, as part of a drive to curb a growing rise in the inflation rate. Sanguino said that Venezuelas state-owned oil company, PDVSA, would sell US$3.5 billion (2.7 billion) in bonds, and the Ministry of Finance would issue another US$1.5 billion (1.16 billion) in joint "Bonds of the South" with Argentina, according to the AP. Although dates for the sale of the bonds were not given, Sanguino said the bonds would most probably be issued in the local currency, Bolivars, at the official US dollar exchange rate of 2,150 bolivars per dollar. In November last year Venezuela and Argentina successfully sold their first US$1 billion (770 million) worth of Bonds of the South.
Russia's gold and currency reserves edge up
RBC, 08.02.2007, Moscow 11:04:15.The Bank of Russia's gold and foreign currency reserves amounted to $304.6bn as of February 2, up $800m, or 0.3 percent, from the previous showing. The reserves have been rising for three weeks straight, with the increase amounting to $2.9bn, or 1 percent, over this period. Nevertheless, the reserves are still growing at a slow rate compared to their hike at the end of 2006. The considerable slowdown in Russia's gold and foreign exchange reserves growth since early 2007 reflects a substantial decrease in foreign currency acquisitions by the Central Bank on the domestic market, which may be traced to the dollar's abrupt decline against the euro on international exchanges. As a result, Russia has been practically unable to narrow the huge gap separating it from China and Japan, the world's leaders in terms of gold and foreign exchange reserves.
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