Main Fortune Small Business 100 Small Cap Investing – Top 50 Ultimate Resource Guide Top Schools for Entrepreneurs 5 Best Bosses Which States Love Small Biz? The market is convinced that the weak US data of late will force the Fed to lower rates aggressively in 2008 and this is undermining the US dollar overall,’ said John Noonan, analyst at Thomson IFR. The Fed has cut interest rates by a cumulative one percentage point since September and analysts expect further cuts early in the year. The Fed will likely cut its key rates by another 50 basis points in the first three months of next year, a quarter point each in January and in March, said Philip Wee, strategist at DBS Bank. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News. read more

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Venezuela will begin 2008 with a new currency, the strong Bolivar, which will take three zeros off the current Bolivar. The new currency begins circulating on January 1 and the population will have six months to change over before the old currency loses its value. A week before the new currency goes into circulation, the Central Bank of Venezuela (CBV) continues dispensing the new money to regional distribution centers and from there to the different banks, said CBV Director Armando Leon. Both the CBV and the Ministry of Finance state that the new currency will “leave behind the consequences of a history of inflation and strengthen confidence in the currency,” reported EFE. read more

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RIO DE JANEIRO, Dec 28 (Reuters) – Brazil’s currency weakened more than 1 percent against the U. Traders said investors sought to push the currency lower to set a more favorable end-of-the-month Ptax, an average exchange rate used to settle currency futures contracts. read more

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Analysts said the ministry’s continued standing outside the currency markets showed that the movements of exchange rate in the year have been regarded as within allowable range. The ministry’s last intervention in the markets through its agent the Bank of Japan was during the 15 months from January 2003to March 2004 to restrain the yen’s sharp appreciation. read more

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As traditional online gaming activities become more constricted, many people with gambling in their veins have shifted their attention to the Foreign Exchange market , or Forex (FX), as it’s known for short. When you buy currency at a specific price, this is called ” opening the position “. Unlike gambling in casinos, Forex gambling activity is relatively low in risk as the foreign exchange market is the biggest liquid financial market. British Online Casinos – The best in British online casinos for UK residents. read more

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Main Fortune Small Business 100 Small Cap Investing – Top 50 Ultimate Resource Guide Top Schools for Entrepreneurs 5 Best Bosses Which States Love Small Biz? Merrill said it was receiving the cash from Singapore’s government-controlled investment fund, Temasek Holdings, and US-based money manager Davis Selected Advisors. The proceeds were expected to cushion Merrill’s mortgage-related writedowns for the fourth quarter which some analysts say may reach 10 billion dollars. According to the latest Tankan survey by the Bank of Japan released earlier this month, Japanese companies assume that the dollar will average 113. Copyright Thomson Financial News Limited 2007. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News. read more

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Reuters is the world’s largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters. Reuters journalists are subject to the Reuters Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. read more

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Reuters is the world’s largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters. Reuters journalists are subject to the Reuters Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. read more

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This news release contains expectations, plans, goals, objectives, assumptions, information or statements about future events or conditions that may constitute forward-looking statements or information under applicable securities legislation. Forward-looking statements or information are based on current expectations, estimates and projections that involve a number of risks and uncertainties which could cause actual results to differ materially from those anticipated by the Company and described in the forward-looking statements or information. These risks and uncertainties include but are not limited to the tax laws and regulations, operating hazards, drilling risks, inherent uncertainties in interpreting engineering and geological data, competition, reduced availability of drilling and other well services, volatility of oil and gas prices, fluctuations in currency and interest rates, the ability to access external sources of debt and equity capital, imprecision in estimating the timing and costs of drilling and development, the ability to secure adequate product transportation, changes in environmental and other regulations or the interpretation of such regulations, the ability to obtain necessary regulatory approvals, weather and general economic and business conditions. The forward-looking statements or information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. read more

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