| ACM Silver Sponcer Forex Expo in Abu-Dhabi
(MENAFN Press) ACM Advanced Currency Markets SA has once more joined the 2nd Middle East Forex Expo as a Silver Sponsor following its very successful presence in the First event which was concluded in Dubai last month. The 2nd Middle East Forex Expo will be held in Abu-Dhabi this November and will feature ACM as a leader in the world of Forex trading.
Based in Switzerland, and having its Middle East representation office in Dubai, ACM is among the world's largest and most competitive on-line Forex brokers. Today, ACM has second most visited on-line Forex site in the world and is the first online Forex broker to implant in the Middle East. The ACM platform deals in currencies commodities . The site is translated into 15 different languages and ACM is the only online trading platform to offer fully Islamic conditions to its clients.
Michael Gerson: A compassione conservative -- really
It was the most matter-of-fact of his congressional addresses: a clear theme -- trusting the people -- developed at a brisk pace, with modest proposals and an edge of impatience at congressional loitering. He seemed to be saying: "With a year to go, sentiment be damned." But there is nothing to prevent me from waxing nostalgic. Watching the speech, I recalled meeting Gov. Bush of Texas in the spring of 1999, before he was a declared candidate. He talked with rushed intensity about being a "different kind of Republican," dedicated to racial healing and helping the poor and determined to provide moral leadership as a contrast and corrective to the Clinton years. Because I believed him, I left journalism and joined his campaign. It is conventional wisdom that Bush's idealism is either a fraud or has been pushed aside completely by the priorities of war.
Oil markets breach $100 a barrel for first time
Investors in oil futures drove prices above $100 a barrel today at market close, marking the first time crude has ever closed at three figures. Analysts hypothesized investor fears about a possible OPEC production cut next month, concern over Alon USA's Big Spring oil refinery explosion Monday, which injured four and put the plant out of commission for at least two months, and the heightened political tensions between the United States and Venezuela. Aggregate data from MSN Autos placed the average price per gallon at Dallas pumps at $2.92 on Tuesday afternoon. The national average price per gallon is $3.03. .
Pressure mounts for new controls on oil futures speculators
Sean Cota runs a family-owned fuel oil business in Bellows Falls, Vt., and has been active in the futures markets for 20 years, locking in prices to protect both himself and his customers. But over the past five years, he has watched in amazement -- and growing anger -- as speculators flooded into the market. It has created tremendous volatility and, he believes, driven up prices for crude oil, heating oil and a host of other commodities. As prices hover near record levels this year, his customers are bearing the brunt -- turning down their thermostats, taking longer to pay their bills and even using credit cards to pay for home heating. "All of these things are having a huge impact on people for something that is just not justified by supply and demand," Cota said.
Swan blames inflation rise on previous govt
Federal Treasurer Wayne Swan has used today's inflation figures to attack the previous Howard Government's economic record. The Consumer Price Index has risen a slightly higher than expected 0.9 per cent, driven by petrol prices, banking costs, rising rents and domestic holidays. That takes annual inflation to 3 per cent, which is right on the Reserve Bank's upper limit. Perhaps more importantly, the central bank's own two underlying measures have surged to 3.8 and 3.4 per cent. Today's cost of living figures from the Bureau of Statistics are seen as crucial ahead of next month's interest rates decision from the Reserve Bank. Mr Swan says elevated inflation is the Liberal Party's parting gift to Australian families. "Now it's pretty clear when you look at underlying inflation that these pressures have taken a long time to build," he said.
'Fast Money' Recap: Stocks Gyrate Wildly
Wall Street experienced some wild swings on Wednesday, with the Dow Jones Industrial Average swinging 600 points. The Dow finished the day up 298 points and the Nasdaq closed up 24 points. Pete Najarian said the rally Wednesday was due to the prospect of a government bailout of the bond insurers and rumors of a rate cut out of the European Central Bank. He says the markets will remain volatile for the next couple of weeks. According to Jeff Macke, now is the right time to buy the financials and retailers for a trade. Guy Adami agreed with Macke on the financials, and he explained that investors can't fight the Fed. Karen Finerman said she had a fun day Wednesday. She disclosed she bought AltriaMO and FlowserveFLS in the morning after both stocks were knocked down hard. GoogleGOOG and AppleAAPL plunged as the Nasdaq traded higher Wednesday.
Chicago hedge funds outperform global peers in 4th quarter, but barely
Chicago hedge funds narrowly outperformed their global peers in the fourth quarter, according to data from Morningstar Inc.
The 24 funds that shared their results with the Chicago-based investment research provider had average fourth-quarter returns of 2.69 percent. That's compared with 1.98 percent for the whole survey of 1,535 hedge funds that reported data to Morningstar.
The best local performer was Evanston-based Scully Capital Management's Chinook Fund LLC, a multistrategy hedge fund with a quarterly return of 22.33 percent.
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