| ACM Dubai joins Middle East Forex Trading Expo as silver sponsor
Advanced Currency Markets or ACM, the most competitive online fx broker in the world, will be at the Dusit Dubai Hotel on 1-2 March 2007 for The Middle East Forex Trading Expo as its Silver Sponsor.The Middle East Forex Trading Expo is the ideal venue to come face to face with traders who are interested and are serious to learn forex trading. Guests from in and around the region will have the perfect opportunity for forex education, to learn about the forex methodology and the forex market and discover the FX trading practice advantages which are uniquely offered by the ACM team. With 2 booths at bay, learning and networking altogether can take place in their hospitality suite. Should you wish to instantly get first hand information relative to trading and to your trading advantage, you are encouraged to visit Advanced Currency Markets at booth numbers 13 & 14.
G7: US Treasury Adams: G7 China Language Change A "Technical Fix"
ESSEN, Germany -(Dow Jones)- Finance ministers from the Group of Seven leading industrialized countries tweaked the wording in their statement calling on China to reform its currency Saturday to stress the need for the country to focus on the trade-weighted value of the yuan. "It was a technical fix to put the focus on the effective exchange rate, since that is the most meaningful way to look at it," U.S. Treasury Undersecretary for International Affairs Tim Adams told reporters. For several years, the G7 has called for more currency "flexibility" for major economies that lack freely floating currencies. In its latest statement it said, "In emerging economies with large and growing current account surpluses, especially China, it is desirable that their effective exchange rates move so that necessary adjustments will occur." U.S.
Forex Mid-Day Technical Report Sterling Tumbles Further, Euro ...
Sterling continues to weaken across the board today with GBP/USD breaking last week's low of 1.9480 and EUR/GBP breaking through 0.6670 resistance. Sterling's weakness was triggered by BoE's on-hold decision yesterday and further fueled by worse than expected trade deficit which widened to 7.142b from 7.9b. The report highlighted that UK's exporters are struggling with the high exchange rate of Sterling as exports fell 1.2%. Euro weakens mildly against dollar today but is basically still kept in range. Meanwhile the Japanese yen continues to edge lower as G7 meeting starts today and speculation on yen will be mentioned in the communique fades. Canadian dollar is boosted higher today after stronger than expected employment report which started the year by adding 89k jobs in Jan, much higher than expectation of 13.5k.
Australian Stocks Advance Led By Strong H1 Results From BHP Billiton
(RTTNews) - Wednesday, the Australian stock market is presently trading in the positive territory, led by BHP Billiton, which has reported a 41% rise in profits for the first half ended 31 December 2006. The company's plan to payback about $3 billion to investors through its share-buy back offer also enthused the market. Resource related stocks lead the rally in the market after price of commodities in the international markets, including copper and zinc, rose more than 2% overnight. The All Ordinaries Index is presently trading at 5,865.20, up 16.70 points, or 0.29%, while the S&P/ASX 200 Index is trading at 5,892.20, up 21.70 points, or 0.37%, The Australian dollar is trading in a narrow range following Reserve Bank's decision to hold interest rates at present rate of 6.25%.
AmerisourceBergen and Kindred Healthcare Expect to Complete ...
VALLEY FORGE, Pa. & LOUISVILLE, Ky.--(BUSINESS WIRE)--Feb 5, 2007 - AmerisourceBergen Corporation (NYSE: ABC) and Kindred Healthcare, Inc. (NYSE: KND) today announced that they expect to complete the proposed combination of their respective institutional pharmacy businesses, PharMerica Long-Term Care ("PharMerica LTC") and Kindred Pharmacy Services ("KPS"), during the second quarter of calendar year 2007. The two companies had previously expected to complete the combination by March 31, 2007. The companies expect to file the Form 10 Registration Statement in March 2007, and the Securities and Exchange Commission will need time to review and comment on the Registration Statement, which will describe the creation of PharMerica Corporation, the new, independent, publicly traded company formed by this combination.
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