| Interest rates towards 10%
This makes the market nervous, so shares drop and volatility increases. The Reserve Bank is nervous about the inflation rate, and seeing the government offering no solutions, have to act decisively and increase interest rates. Whether you liked them or not, what Howard and Costello did is now done and in the past and can not be changed. Rudd needs to acknowledge this and get on with his job which is doing what he can from now into the future, not dwelling in the past. Posted by: Lucy of Brisbane 12:22pm February 12, 2008 Comment 124 of 163 .
Citi buys 14.5 pc of Globe Capital for Rs 168 cr
Citi Venture Capital International (CVCI), the private equity arm of Citigroup, has picked up around 14.5 per cent in the Delh-based Globe Capital for Rs 168 crore. At this price the company is being valued at over Rs 1,000 crore. While confirming the deal, Ashok Agrawal, chairman of Globe Capital, said Citi had invested $42 million for a minority stake in the company.. The company would use the proceeds for expanding into the retail segment and margin financing, he added. Globe Capital had reported a net profit of Rs 70 crore on a gross income of Rs 130 crore in the first nine months of 2007. Last fiscal, the company posted a net profit of Rs 50 crore. One of the leading clearing members in the futures and options (F&O) segment, the company plans to expand overseas and has already established operations in Dubai through a subsidiary and plans to acquire ICON Capital, a member of the London Stock Exchange.
Agri volumes jump on rise in position limits
MUMBAI: Volumes in spices and few other farm commodities increased on Wednesday on NCDEX with the commodities market regulator Forward Markets Commission (FMC) increasing the position limits in most of the agri commodities. Commodity analysts feel that the move will boost up the agri volumes.
FMC on Tuesday increased the open interest limits for 32 agriculture commodities. The position limits is the maximum level of a particular commodity that a member or a client can hold. Meanwhile the commission also reduced the daily price limits of 34 agriculture commodities.
The volume of most active pepper March contract that was on an average around 10,000 tonnes a week back on daily basis moved up to 17,000 tonnes on Wednesday, volume of jeera March contract doubled to 24,000 tonnes while volume of turmeric moved up to 45,000 tonnes from earlier levels of 35,000 tonnes.
Environmentalists' report to call for Ottawa to act on oil sands
There's a few oil refineries and chemical plants in Sarnia that deserver honourable mention too.
Could this be more about self promotion? Hope they'll be walking home from the press conference and reading their news releases by candle light. Posted 15/02/08 at 5:46 AM EST | Alert an Editor | Link to Comment .
Photo by Brian Ray
New Zealand native Ed Mumm instructs one of his colleagues in the use of a Caterpillar excavator on land west of Steamboat Springs on Wednesday afternoon. Mumm' new busines, Dig This, which opens in November, will allow patrons to drive and operate large construction equipment for fun. .
TheStar.com | Golf | When Tiger talks even the bookmakers listen
One of the first rules of gambling used to be simple: don't bet on something to happen that has never happened before. When it comes to Tiger Woods, this rule seems to have been suspended. His recent suggestion that winning a one-season Grand Slam of golf is possible has dropped the odds considerably in Las Vegas and on the Internet bet sites. "I've won more than four tournaments a year. All I have to do is win the right four and I've done those a few times," Woods was quoted after winning the Buick Invitational to start his season. "I think it is possible." He's far from the only one. The Grand Slam proposition bet, which a post-Super Bowl traveller examined in Las Vegas this week, now is 7-1 in the Strip shops taking action. Think about that: A mere 7-1 on one winner of the Masters, U.S.
The Legacy of Bush II
This irrational spending spree, which accounts for more than half of all federal discretionary spending, is not likely to end with Bush's departure. Which one of the likely winners from either party would lead the battle to cut the military budget, and where would the winner find support in Congress? Both Hillary Clinton and Barack Obama have treated the military budget as sacrosanct with their Senate votes and their campaign rhetoric. Clinton is particularly clear on the record as favoring spending more, not less, on the military. John McCain, who previously distinguished himself as a deficit hawk and was almost in a class by himself in taking on the rapacious defense contractors, has thrown in the towel with his inane support for staying in Iraq till "victory," even if it should take a century.
McCain 40%, Romney 32%, Huckabee 22%
Given that these states leaned blue, what is clear that Mitt Romney battled to within a single digit deficit nationally of the frontrunner, making this the closest nomination contest since 1976. For a campaign that started at 3% in the polls, it came a long way. But it's confronting a harsh reality tonight, with an inability to break out of the low thirties in any primary state Mitt Romney has not called home. The "big winner" of the night finished third, racking up delegates thanks to his concentrated strength in the South. On the Democratic side, Clinton and Obama were within 25,000 votes of one another by my count. The NBC delegate tracker had it at 841 for Obama, 837 for Clinton. We now move on to the Maryland and DC contests, which lean Obama, and the Virginia primary, which is open to Republicans and independents.
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