| Cash Now (CHNW) Begins Search For A Full Service Forex Broker ...
LAS VEGAS, NV, Feb. 8 /PRNewswire-FirstCall/ - Cash Now Corporation (CHNW.PK) www.cashnow.com (Cash Now) Cash Now is a public company engaged in the operation and licensing of a comprehensive suite of Internet based payday loan and check cashing software and private label back end office systems. Additionally, the Company is in the late developmental stage of offering an innovative Retail Forex trading platform through a previously announced Introducing Broker (IB) agreement with Advanced Markets, Inc. The company today announced that it has retained an agent to assist in locating a suitable full service broker dealer agency for acquisition, together with various posted listings of "businesses wanted" sections on various Internet based business directories. This will allow the Company to bring these important capabilities in-house and provide greater vertical integration to maximize revenue streams from this high growth opportunity.
Overseas mortgage rate benefits at risk
Nearly a third of all Brits buying property in France are choosing French mortgage providers, according to Crdit Foncier de France, France's number one mortgage provider. And whilst French mortgages are typically cheaper than in the UK, foreign exchange specialists HiFX warn that these property investors could be exposing themselves to excessive bank charges and unnecessary currency risk, negating the benefits of money saved on the rates they're negotiating. Mark Bodega, director at HiFX says that whilst more and more Brits are attracted to the cheaper rates offered by French Euro mortgages most people completely forget to take into account the transfer charges levied by their bank and the currency risk associated with transferring money abroad. "To make the most of good French mortgage deals Brits need to consider how they are going to transfer money abroad to meet the repayments," says Bodega.
Paulson: Yen's decline is not a concern
WASHINGTON (AFX) - Treasury Secretary Henry Paulson said Tuesday he was not concerned about the lows being set by the Japanese currency against the U.S. dollar because those values are being set in open markets. Paulson was pressed on the issue by Rep. Sander Levin, D-Mich., during a hearing of the House Ways and Means Committee. Levin questioned why the Bush administration was not doing more to encourage the Japanese government to halt the slide in the yen against the dollar. American automakers believe that decline has given their Japanese competitors a tremendous price advantage. Levin said European auto companies were complaining about the yen's decline against their currencies. He suggested that Paulson should join forces with European finance ministers to lobby Japanese officials on the issue when the countries meet this weekend for the Group of Seven finance ministers meeting in Essen, Germany.
Malaysian currency soars to new high against greenback
Malaysian currency on Wednesday continued the upward momentum against the greenback, further breaking the nine-year high set on Tuesday. It closed at 3.4930/4940 against the U.S. dollars on Wednesday, jumping from the 3.4955/4980 in the previous day. The ringgit on Tuesday breached the 3.50 barrier, the highest record since the early 1998. Local media reports said strong foreign fund flows into the stock market and friendly comments from the central bank supported the further strengthening of the local currency. Malaysia pegged the ringgit against the U.S. dollar at 3.80 since 1998. Beginning from July 2005, it was de-pegged and floated against a basket of currencies. It has appreciated gradually since then. Local think tank Asian Strategy and Leadership Institute (ASLI) said the currency is expected to further appreciate with the ringgit at 3.4 against the U.S.
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