CME Forex, Financial Estimated Futures Volumes - Oct 26

CME Forex, Financial Estimated Futures Volumes - Oct 26
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Forex - Kiwi Choppy In Trading Against American Counterpart Friday
RTT News - 10/26/2007 11:43:51 AM The New Zealand kiwi was choppy against its American counterpart on Friday midday. The kiwi bounced between a high 0.7667 and a low of 0.7621. The pair moved as a US report showed that the Reuters/University of Michigan

Forex - Danske Bank Notes Mexican Central Bank Raised Lending Interest
RTT News - 10/26/2007 1:44:38 PM Lars Rasmussen, analyst at Danske Bank, noted that the Mexican central bank has just announced that it has raised its leading interest rate by 25bp to 7.50%, thereby delivering another tightening of monetary conditions. While

Panke: Under-Rated as Auto Industry Leader
BusinessWeek - Trade the US Dollar Get into FOREX trading - Sign up for a Free $50,000 Practice Account. Trade Forex with GFT Trade in bull and bear markets 24-hours a day, 5.5 days a week. Try GFT risk-free now! Free SAP-IDC CRM Report Discover The Secrets To Boosting

Closing Forex Rates -- UK
CNBC - LONDON (Thomson Financial) - Sterling exchange rates: Day's spread Market rate USA 2.0479 - 2.0571 2.0515 - 2.0519 Canada 1.9695 - 1.9831 1.9724 - 1.9743 Denmark 10.6220 - 10.6777 10.6260 - 10.6348 Norway 10.9740 - 11.0630 11.0032 - 11.0082 Sweden 13

Forex - Kiwi Edges Down Versus Sterling [GBP/NZD]
RTT News - 10/26/2007 11:46:25 AM The New Zealand currency edged down against the sterling in trading on Friday in the midday. The kiwi slipped to a mark of 2.67 as action progressed. The pair moved as it was announced that the U.K.'s economic growth is

Forex - Dollar slumps to series of fresh lows against euro
CNBC - LONDON (Thomson Financial) - The stricken dollar hit another record low against the euro, as a weak consumer confidence survey in the world's largest economy provided yet another reason to offload the US currency. Consumer sentiment, as measured by

Nikkei Helps Dollar Rise Against Yen
Forbes - Investors aren't in a situation where they can keep buying the dollar given recent weak earnings results of U.S. financial institutions," said Yuzo Sakai, foreign exchange controller at Tokyo Forex and Ueda Harlow. "If forthcoming results continue to

Forex piles up, but loans go begging
Economic Times - MUMBAI: Even as capital inflows continue to flood the economy, pushing reserves up by another $4.5 billion last week, commercial banks are showing signs of a slowdown in lending. After more than six consecutive fortnights of strong growth, loan

See-through condos

See-through condos
Baltimore Sun - A wrought iron gate leads to a private, tree-lined courtyard of attached homes, shutting out the bustle of North Calvert Maryland Weather Traffic News Sports Lifestyle Business Real Estate Investing Careers Your Money Technology Business Columnists Opinion Travel

Finding Joy, and a Career, Putting Bodies in Motion
Washington Post - From the business side, there's a lot of stuff out there." Nuamah's certainly looks like an expanding empire. More than 100 people have passed the Kukuwa instructor certification course and teach hundreds of classes a week in the Washington region

Sabres' flurry upends Panthers
Miami Herald - News Sports Entertainment Business Tropical Life Opinion Jobs Cars Real Estate Shopping Classifieds elnuevoherald.com Breaking News | Miami BY GEORGE RICHARDS grichards@MiamiHerald.com Arguably the best team in the Eastern Conference the past two seasons, the

Icahn Seeks Auction of BEA Systems, Calls for Shareholder Vote
Bloomberg - Buying BEA would help Redwood City, California-based Oracle challenge International Business Machines Corp. for the market lead in middleware, software that helps different types of programs share information. Oracle Chief Executive Officer Larry

Bowden, Noles look to finish strong against Duke
Miami Herald - News Sports Entertainment Business Tropical Life Opinion Jobs Cars Real Estate Shopping Classifieds elnuevoherald.com Breaking News | Miami Bobby Bowden remembers a time when Florida State owned the fourth quarter. When the Seminoles' superior talent and depth

'Girls Gone Wild'
Miami Herald - News Sports Entertainment Business Tropical Life Opinion Jobs Cars Real Estate Shopping Classifieds elnuevoherald.com Breaking News | Miami BY EVAN S. BENN ebenn@MiamiHerald.com Joe Francis, the self-made, self-promoting multimillionaire behind the Girls Gone

Company Profile for Wax Digital

Company Profile for Wax Digital
Forbes - Wax Digital solutions are typically delivered on a hosted, managed basis to deliver business-critical resilience without the IT overhead No Training: A highly intuitive user interface renders complex processes simple and means thousands of users can

FMR and Fidelity International cut Business Objects stake to below 5
Forbes - PARIS (Thomson Financial) - FMR and Fidelity International have reduced the stake they hold in Business Objects through subsidiary funds to below 5 pct, the companies said in a statement on French market regulator AMF's website. As of Oct 18 the two

France hints at end to Sunday trading charade

France hints at end to Sunday trading charade
MSN MoneyCentral - The government says it might loosen the 101 year-old Sunday trading ban as one way of cheering up gloomy shoppers and accelerating economic growth. Other measures to liberalise the highly-regulated retail sector are being prepared or mooted. Conscious

Paulson: India should speed economic reform
CNN Money - WASHINGTON (AP) -- India should accelerate its pace of economic reforms while resisting pressures to erect protectionist trade barriers, Treasury Secretary Henry Paulson said Wednesday. Paulson said that he would use an upcoming five-day trip to

A leftward lurch
MSN MoneyCentral - Marking a decisive shift to the left, Kurt Beck, the party's chairman, will have won the delegates' support for reversing a core element of the Agenda 2010 economic reforms so painfully put in place by the previous SPD-led government of Chancellor

Dollar Weakens as U.S. Existing Home Sales Drop in September

By Bo Nielsen

Bloomberg -- The dollar fell versus the yen after an industry report showed sales of existing homes dropped in September, increasing speculation the Federal Reserve will cut interest rates this month.

Purchases dropped 8 percent to an annual rate of 5.04 million last month, the National Association of Realtors said. The median forecast in a Bloomberg News survey was for a 4.5 percent drop to a rate of 5.25 million sales. The Fed meets next to set rates on Oct. 31.

``Another disappointing housing report will all but guarantee a rate cut by the Fed next week,'' said Omer Esiner, an analyst at currency-trading company Ruesch International Inc. in Washington. Esiner spoke before the report was released. ``That would be the nail in the coffin for the dollar.''

The dollar traded at $1.4264 euro at 10:01 a.m. in New York from $1.4263 yesterday. The U.S. currency fell to 114.09 yen from 114.78 yesterday. The dollar set an all-time low of $1.4348 per euro on Oct. 22.

Interest-rate futures traded on the Chicago Board of Trade show a 96 percent chance the Fed will cut its benchmark a quarter-percentage point to 4.5 percent on Oct. 31, up from a 54 percent chance a week ago. The Fed lowered its target a half- point to 4.75 percent on Sept. 18, the first reduction since 2003.

To contact the reporters on this story: Bo Nielsen in New York at bnielsen4@bloomberg.net .

Yen Rises on Report Merrill Will Add $2.5 Billion to Writedowns

By Kosuke Goto and Stanley White

Bloomberg -- The yen rose against all 16 of the world's most-active currencies after the New York Times said Merrill Lynch & Co. will increase writedowns, prompting traders to sell riskier assets bought with loans in Japan.

The currency gained the most versus the New Zealand dollar, British pound and South African rand, among the favorite targets of so-called carry trades. The newspaper said Merrill will post losses of $2.5 billion related to the global debt market slump in addition to the $5 billion announced this month, prompting Asian stocks to reverse earlier gains.

``The news report on Merrill Lynch caused risk reduction, triggering stock sales and the unwinding of the yen carry trade,'' said Kenichi Yumoto, a senior dealer at Societe Generale SA in Tokyo.

The yen advanced to 114.28 per dollar at 8:11 a.m. in London from 114.78 in New York yesterday. Against the euro, it gained to 162.35 from 163.70. Japan's currency may climb to 114 versus the dollar and 162.20 a euro today, Yumoto forecast.

A Merrill spokesman declined to comment, the New York Times reported. Standard & Poor's said today it may cut the credit ratings of 207 Australian and New Zealand residential mortgage- backed securities as turmoil in global credit markets spreads.

Yuan Breaks 7.5

The yen climbed to 86.03 against the New Zealand dollar from 86.90 yesterday, and advanced to 233.87 versus the pound from 235.42. Against the rand the currency traded at 17.02 from 17.14.

In carry trades, investors get funds in a country with low borrowing costs and invest in one with higher interest rates, earning the spread between the borrowing and lending rate. The risk is that currency moves erase those profits.

Japan's interest rate of 0.5 percent is the lowest among major economies and compares with a key rate of 8.25 percent in New Zealand and 5.75 percent in the U.K. South Africa's borrowing costs are 10.5 percent.

China's yuan rose beyond 7.5 to the dollar for the first time since a link to the dollar was ended in July 2005, driven by a widening trade surplus and inflows of foreign investment.

A report circulating within China's National Development and Reform Commission suggested the central bank should revalue the yuan by as much as 20 percent, according to Market News International. A People's Bank of China spokesman declined to comment. Traders are betting the currency will break 7 per dollar by the end of 2008, non-deliverable forwards contracts show.

Australia's CPI

The yen earlier fell against the Australian dollar after a measure of the southern hemisphere nation's consumer prices rose more than economists expected, fueling speculation the central bank will raise interest rates from 6.5 percent.

``We expect a rate increase in November and that won't be the last one in the cycle,'' said Sean Callow, senior foreign exchange strategist at Westpac Banking Corp. in Singapore. ``Currency markets are going to reflect that. The Australian dollar is likely to push higher.''

Japan's currency may fall to 106 against the Australian dollar by the end of March, Callow said. The Reserve Bank of Australia next meets on Nov. 6.

The dollar may decline against the euro for a second day before a U.S. report that economists forecast will show existing home sales last month sank to the lowest since November 2001.

U.S. Housing

The U.S. currency traded at $1.4253 per euro after falling 0.6 percent yesterday. The dollar dropped to an all-time low of $1.4348 on Oct. 22.

The National Association of Realtors may say sales of previously owned U.S. homes fell 4.5 percent in September, according to the median forecast in a Bloomberg News survey. The data is scheduled for 10 a.m. New York time.

``The U.S. housing market will get worse, with home mortgage payments going sour,'' said Tetsuhisa Hayashi, chief currency trader in Tokyo at Bank of Tokyo-Mitsubishi UFJ Ltd., a unit of Japan's largest publicly traded lender by assets. ``The dollar will head south'' to 114.30 yen and $1.43 a euro today, he said.

Jim Rogers, chairman of Beeland Interests Inc., said he is shifting all his assets out of the dollar and buying the Chinese yuan and Japanese yen because the Fed has eroded the value of the U.S. currency.

``I'm in the process of -- I hope in the next few months -- getting all of my assets out of U.S. dollars,'' said Rogers, who correctly predicted the commodities rally in 1999. ``I'm that pessimistic about what's happening in the U.S.''

The Fed on Sept. 18 cut the target rate for overnight lending between banks by a half-percentage point to 4.75 percent. Interest-rate futures on the Chicago Board of Trade show traders see about an 88 percent chance the Fed will lower borrowing costs to 4.5 percent on Oct. 31, up from 54 percent a week ago.

To contact the reporter on this story: Kosuke Goto in Tokyo at kgoto2@bloomberg.net ; Stanley White in Tokyo at swhite28@bloomberg.net

Smith Micro Software Schedules Teleconference to Discuss Third Quarter

Smith Micro Software Schedules Teleconference to Discuss Third Quarter
MSN MoneyCentral - Smith Micro Software Inc. SMSI , a leading developer and marketer of innovative software solutions and services for the wireless market announced today that it will report its third quarter 2007 financial results following the close of regular

Financial Woes Close Cafe Panino Eateries
The Ledger - Cafe Panino at 1021 S. Florida Ave. in Lakeland has closed due to financial difficulties. The restaurant's owner, Peter Cardiff, also closed the restaurant's original location at the Times Square building in downtown Winter Haven earlier this year

NHS Trusts Feeling Financial Pinch
Sky.com - The Audit Commission's review of finances for 2006/07 found 31% of NHS trusts and primary care trusts failed to meet minimum requirements on use of resources. The figure was down on the 39% recorded for the previous year. The Commission says it

GL Associates Fulfills the Desire of Financial Managers
Forbes - JERSEY CITY, N.J., Oct. 23 /PRNewswire/ -- Many Chief Financial Officers (CFOs) acknowledge that one of the common obstacles to improving business processes is the chart of accounts (COA) coding structure, which companies usually outgrow over time

Gurus Buy Coal, Fall Out Of Tempur-Pedic
Forbes - When JRCC last posted financial results, it told Wall Street that it faced a challenging quarter as new mining safety regulations impacted production and a soft coal market caused inventories to stack up. James River reported a net loss of $18.6

With Bear Stearns and Citic partnership, global financial balance of
International Herald Tribune - When James Cayne, 73, the chief executive of Bear Stearns, flew to Beijing over Labor Day weekend to discuss a partnership with Citic Securities, China's largest investment bank, the two firm's fortunes were diverging. Bear, wounded by the collapse

Financial policies hold key to rating prospects for European telecom
Forbes - MUMBAI (Thomson Financial) - Standard & Poor Ratings Services said the medium-term rating prospects for three Western European telecom operators that were subject to large leveraged buyouts (LBO's) over the past two years will depend on the level of

Virginia Financial Group, Inc. Announces Third Quarter 2007 Results
Forbes - CHARLOTTESVILLE, Va., Oct. 23 /PRNewswire-FirstCall/ -- Virginia Financial Group, Inc. (Nasdaq: VFGI) announced today that the Federal Reserve Board has approved its merger application with FNB Corporation. Approvals from the State Corporation