| Stiffer Penalty For Illegal Forex Trading: Ng Yen Yen
KUALA LUMPUR, Feb 1 (Bernama) -- The government has imposed stiffer punishments to curb illegal forex trading by increasing the amount of penalty from RM10,000 to RM1 million and a jail sentence of between three to five years, said Deputy Finance Minister Datuk Dr Ng Yen Yen. She said the government had amended the Foreign Exchange Act (1953) to provide stiffer sentences for those involved in illegal forex trading. The amendment took effect on Jan 1 this year. "Last year, five illegal forex traders had been caught and now the Bank Negara is investigating 10 cases," she told reporters after launching the Sports Toto Chinese New Year Ang Pow Donation campaign here today. Dr Ng said the Ministry of Finance had received many complaints from those had been cheated by the so-called "forex agents" who offered forex investment schemes such as those on Iraq and Iranian currencies.
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.
IDEXX Laboratories Announces Fourth Quarter Results
WESTBROOK, Maine, Jan. 26 /PRNewswire-FirstCall/ -- IDEXX Laboratories, Inc. (NASDAQ:IDXX) , today reported that revenue for the fourth quarter of 2006 increased 15% to $192.2 million from $167.0 million for the fourth quarter of 2005. Adjusted for the impacts of acquisitions and changes in foreign currency exchange rates, revenue for the fourth quarter of 2006 increased 11% over the same period of the prior year. Earnings per diluted share ("EPS") for the quarter ended December 31, 2006 increased 25% to $0.75 from $0.60 for the same period in the prior year. Non-GAAP adjusted diluted EPS for the fourth quarter were $0.68, an increase of 6% compared to non-GAAP adjusted diluted EPS for the same period of the prior year. Non-GAAP adjusted diluted EPS including share-based compensation expense was $0.62.
RTS index climbs to new record high in Tuesday as power cos lead ...
MOSCOW. Feb 7 (Interfax) - The benchmark RTS stock market index hit a new high in Tuesday trading and exceeded the 1920 mark as most blue chips posted gains on the back of growing oil prices. Power companies led by Unified Energy System (UES) were the market leaders. Benchmark stocks grew 0.2%-2.9% on the Russian Trading System (RTS) and the Moscow Interbank Currency Exchange (MICEX). The RTS index grew 0.9% to a new record high of 1923.27. The previous record high was set on December 29, 2006 when the index soared to 1921.92. The MICEX also hit a new high and gained 1% to 1730.73. UES common shares hit a new high and climbed 4% to 33.383 rubles a share. Almost all territorial and wholesale generation companies soared -TGK-9 - 43.8%, TGK-5 - 33.4%, TGK-6 - 33.3%, TGK-2 - 21.6%, TGK-8 - 18%, OGK-6 - 8.6%, OGK-4 - 8.1%, OGK-5 - 5.3% and OGK-3 - 4.8%.
FOREX-Dollar pares gains vs euro amid techical selloff
NEW YORK, Jan 26 (Reuters) - The dollar rose against the euro Friday following a surprisingly strong jump in U.S. durables orders, but pared gains after the U.S. currency failed to break through a key resistance level. "There's a lot resistance being built right around $1.2890 levels for dollar/euro," said Brian Taylor, managing director of foreign exchange trading with M&T Bank in Buffalo, New York. "And unless we get very strong data or some sort of trigger, the dollar's advance may stall in that area," In mid morning in New York, the euro traded at $1.2910, down 0.3 percent from late Thursday. The dollar was trading at 121.43 yen <JPY=>. Data on U.S. new home sales is due at 10 a.m. (1500 GMT). Earlier in the session a report showed new orders for U.S.-made durable goods rose a larger-than-expected 3.1 percent in December.
|
