| FXYARD LIMITED Forms a Strategic Partnership with and ACT FOREX to ...
FXYARD LIMITED has gone global with its strategic partnership with ACT FOREX. FXYARD LIMITED, best known as the online forex trading company based out of Nicosia, Cyprus went full steam ahead with this partnership in order to provide international forex investors with a top tier trading platform via the internet. FXYARD, as known by its customers as FOREXYARD utilizes the trading system to automate complex scripts involving the speed of execution, a cornerstone of any trader's needs. (PRWeb) February 2, 2007 -- FXYARD LIMITED has gone global with its strategic partnership with ACT FOREX. FXYARD LIMITED, best known as the online forex trading company based out of Nicosia, Cyprus went full steam ahead with this partnership in order to provide international forex investors with a top tier trading platform via the internet.
Deutsche Telekom Changes Call
Deutsche Telekom, Europe's largest telecommunications carrier, reduced its projections on revenue and operating profits for 2007, blaming increased competition in Germany, its home base, and foreign exchange developments. The Bonn-based carrier reduced its guidance on operating profit in 2007 to €19 billion ($24.6 billion) from its previous estimate of between €19.7 billion ($25.5 billion) and €20.2 billion ($26.1 billion). The former monopoly also lowered its 2006 revenue guidance to €61.3 billion ($79.2 billion) from €61.5 billion ($79.5 billion) to €62.1 billion ($80.3 billion). Deutsche Telekom, like most large European carriers, is facing an overall maturation in many of its traditional businesses and increased competition in stronger areas such as wireless and broadband.
Feb 8 - Open: Shares down as F&P appliances reports soft trading
The New Zealand sharemarket opened down today following a report of soft trading conditions from Fisher & Paykel Appliances. Appliances lost 20c early to 360, after reporting difficult trading conditions in its three major markets of New Zealand, Australia and the USA, since releasing its interim result on November 9. Sales in December and January were "significantly softer than expected", it said Contact Energy lost some of its big gain of yesterday. Having closed up 23c, it was early today down 6c to 880 as its major shareholder, Origin, continues merger talks with AGL. About 15 minutes after the market's 10am opening, the benchmark NZX-50 index was down 15.53 points to 4196.08. During yesterday's session it touched a fresh record high of 4216.29, as a hefty $238 million worth of shares changed hands, $145m of them belonging to top stock Telecom.
Venezuela to Sell $5 Billion in Bonds, Sanguino Says (Update3)
Feb. 7 (Bloomberg) -- Venezuela will sell as much as $5 billion of bonds to local investors this month to help halt a slide in the currency that has fueled inflation, the National assembly's financial committee chairman said. State-owned oil company Petroleos de Venezuela SA will offer about $3.5 billion of bolivar-denominated debt in several sales, said Ricardo Sanguino, head of the committee. The Treasury will sell about $1.5 billion of bonds due in April 2017, whose coupons payments would be made in dollars or at an exchange rate above the official rate of 2,150 per dollar, he said. The sales may suggest a policy change by President Hugo Chavez's government, which has said a dearth of foreign exchange triggered by currency controls imposed in February 2003 wasn't to blame for quicker inflation.
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