| Brazil stocks gain, currency slips
SAO PAULO: Brazilian stocks eked out gains on Friday despite softer U.S. bourses, while the local currency eased back from its strongest in nine months.
The Bovespa index of the Sao Paulo Stock Exchange rose 0.41 percent to 44,997.83 points. The Brazilian real weakened 0.19 percent to 2.106 per U.S. dollar as the central bank bought greenbacks on the spot market to build foreign reserves. The currency is being supported by heavy dollar inflows from Brazilian exports and bets the U.S. Federal Reserve will hold off from raising interest rates for some time. Higher rates in the United States tend to lure cash out of emerging markets.
Traders wondered if the central bank would act more aggressively to keep the real from strengthening further, which would undercut the selling strength of exports.
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.
Mixed Trading Seen In Asia; Exporters Drag Nikkei Down While BHP ...
(RTTNews) - Mixed trading is being witnessed among the major stock markets in Asian region on Wednesday. While stocks in Australia advance led by BHP, which reported a 41% rise in net profit for first half, stocks in Japan are trading in the negative territory led by exporters on concerns strengthening local currency, Yen, against the US dollar might dent into value of overseas sales and profit margins. Steel stocks in Japan were also trading in the negative territory after Goldman Sachs revised the ratings for two major steel companies in Japan, stating that their share prices are overvalued in comparison to earnings expectations. New Zealand's share market soars after Telecom, the largest telephone company in the country, raised its earnings outlook for full year. The markets in South Korea, Malaysia, Indonesia and Taiwan are trading in the negative territory, while markets in China, Hongkong and Singapore are trading in the positive territory.
Aur Resources Inc. Reports Net Earnings of US$68.5 Million for the Fourth Quarter and US$293.7 Million for Fiscal 2006
(All dollar amounts are expressed in United States currency unless otherwise stated.) Aur Resources Inc. (Toronto:AUR.TO - News)(Shenzhen:AUR.SZ - News) today announced net earnings for the fourth quarter of $68.5 million and record full year net earnings in 2006 of $293.7 million. Cash flow from operating activities was $134.0 million in the fourth quarter and $504.6 million for the full year. Shareholders' equity, net of $100 million of dividends declared in 2006, increased by 47% in 2006 to $646.9 million. "Aur's very strong financial performance in 2006, together with mining investments which will see metal production increase by over 100% over the next three years, have positioned us for continued growth in the years ahead, while at the same time providing significant cash returns to shareholders" said Jim Gill, Aur's President and CEO.
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