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Sunday, June 30, 2013

Trade Volume Surpasses 1 Million Mark! (New Blog Posting)

Mercantile Exchange Nepal Limited



 New post
 
 Post name :Trade Volume Surpasses 1 Million Mark!
 Post Contents :  
 With more than four years of continuous endeavors of the Exchange in delivering the excellence in on more.
 Posted Date: 7/1/2013 12:05:57 PM
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MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Kuwait- 'The Blackberry Gang' arrested for leaking exam questions
After unprecedented series of scandals in the history of high school final examinations in Kuwait - leakage of question papers, selling them ...

Kuwait- Owner of ten 'fake' firms sells visas to 100 expats
Personnel from the General Immigration Department have arrested a Kuwaiti man, who is believed to be in his 40s, for sponsoring more than 100 ...

Kerry winds up Mideast peace talks with no deal
US efforts to broker a resumption of peace talks ended yesterday without a breakthrough, a top Palestinian official said, although Washington's ...

Saudi- Ministry signs 32 municipal projects worth SR 1.45 bn
Some 32 new contracts worth more than SR 1.45 billion were recently awarded to a number of national companies for the implementation of ...

Saudi- Only 8 interpreters serving 750,000 hearing-impaired
A mere eight sign-language interpreters are serving 750,000 people suffering from hearing disabilities in the Kingdom, which amounts to one ...

Saudi- Sadara closes main financing for $10.5 bn project
Sadara Chemical Company has announced financial close for the funding of main financing of approximately $ 10.5 billion project. This marks the ...

2nd Saudi Securities Forum planned
The 2nd Saudi Securities Forum will kick off in Riyadh in September, which will be jointly organized by the Riyadh Chamber of Commerce and ...

Saudi stocks gain strength despite oil volatility
Recent analysis by the special investigation unit at Al-Eqtisadiah newspaper found out a direct correlation between movements of Saudi stock ...

Saudi- SEC signs contracts worth SR 6.3 bn to import cables
Saudi Electricity Company yesterday signed contracts worth SR 6.3 billion with national firms to import cables required for boosting its ...

EU warns trade deal under threat over US bugging claims
A long-awaited trade deal between the European Union and the United States could be in jeopardy over allegations that Washington bugged EU offices, ...

Saudi oil exports hit 1.27 bn barrels in six months
Saudi Arabia exported nearly 1.27 billion barrels of oil in the first six months of the current year that yielded SR 514 billion, an economic ...

'Blasphemy' girl moves to Canada
A Pakistani Christian girl who was arrested for alleged blasphemy last year and forced into hiding for fear of her life has moved to Canada, an ...

EU demands answers over alleged US bugging
�The European Union angrily demanded answers from the United States yesterday over allegations Washington had bugged its offices, the latest ...

Philippines accuses China of military buildup at sea
The Philippines accused China yesterday of a "massive" military buildup in the South China Sea and described the Asian giant's tactics as a ...

Iran confirms arrest of Slovak paragliders
Iran yesterday confirmed the arrest of several Slovaks two days after Bratislava announced that a group of paragliders had been apprehended, ...

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US Corn Slips on Good Weather Forecasts! (New Blog Posting)

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 Post name :US Corn Slips on Good Weather Forecasts!
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 Agricultural commodities, all over the world, behave quite differently compared to other commodities more.
 Posted Date: 7/1/2013 11:22:14 AM
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Commodity Blog

Commodity Blog


Technical Analysis, July 1st — June 5th, 2013

Posted: 29 Jun 2013 09:30 AM PDT

The technical analysis, that includes the indicators' data and major pivot points for Brent Oil, Gold, Silver and Copper as traded on spot market as of June 29th, 2013:…

Saturday, June 29, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Emaar, Meraas launch Dubai Inn
�Emaar Properties and Meraas Holding have launched a new hotel development strategy to support Dubai's Tourism Vision 2020 and complements ...

Jordan economy grows 2.6% in Q1
Official statistics data showed that Jordan's economic growth accelerated to 2.6 percent during the first quarter compared to 2.2 percent in the previous ...

MAF plans USD816m investment in Dubai
UAE conglomerate Majid Al Futtaim Holding unveiled plans to fresh USD816 million investments in Dubai over the next five years to support the ...

Qatar real GDP up 6.2% in Q1
Official report showed that Qatar's real gross domestic product grew 6.2 percent in the first quarter compared to a year earlier, Reuters ...

Cambodian jungle graveyard mystifies experts
Over a hundred 'burial jars' and a dozen coffins arranged on a ledge in remote Cambodian jungle have for centuries held the bones -- and secrets -- ...

Sydney bids farewell to 'white elephant' monorail
Sydney will Sunday bid farewell to what has been termed a transport "white elephant" -- a monorail which has looped the centre of the Australian city ...

US same-sex marriage opponents file court appeal
A group behind efforts to uphold California's ban on same-sex marriage announced an emergency petition had been filed to the US Supreme Court to get ...

Kuwait- Emerging markets suffer harsh correction
KFH-Research issued a report that shed light on the sharp decline in emerging markets, caused by concerns that the United States might ...

'Sex-for-flight' probe team in Kuwait
�The investigating team created by the Philippines Department of Labor and Employment to investigate the alleged sex-for-flight scheme ...

Saudi- Building projects to generate SR 16.125 trillion investments
With a construction project pipeline worth SR 375 billion, the Kingdom remains a major driving force behind the long-term growth of the MENA ...

Gas prices likely to continue to outperform oil prices
Gas prices are likely to continue to outperform oil prices in the near future, according to QNB Group. Oil and gas exhibited opposite trends in ...

Egypt- Pro-Mursi supporters rally in Cairo
�Thousands of supporters of Egypt's embattled president are rallying in the nation's capital in a show of support ahead of what are expected to ...

Saudi- Audit system to save project costs
The Saudi Council of Engineers is to start using a new system in the next three months to audit and accredit construction plans of ...

Saudi- Con men abuse STC customer care line
When Ashraf received a call from 902 on his mobile phone recently, he answered thinking it might be related to some ...

Saudis adjust biological clocks to new weekend
Saudis appear to have enjoyed the new Friday-Saturday weekend, although it will take some of them time to adjust their "biological ...

Private sector staff push for 2-day break
Private sector employees are calling on their companies to reach a resolution on a two-day weekend in line with the government sector. ...

Saudi businesswomen seek level-playing field
A new set of proposals have been unveiled to encourage Saudi women's business projects. Saudi businesswomen face a series of difficulties ...

World Bank: No country immune from turmoil over inequality
No country in the world is immune from unrest arising from poverty and inequality, World Bank President Jim Yong Kim told AFP. The protests ...

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Commodity Blog

Commodity Blog


Agricultural Commodities Ends Trading with Losses

Posted: 28 Jun 2013 03:53 PM PDT

US farmers planted with corn the biggest area since 1936, leading to a slump of prices for the grain. Soybeans and wheat also dropped. The US Department

All’s Quiet on the Bitcoin Front

Posted: 28 Jun 2013 03:25 PM PDT

Bitcoin transactional volume has dropped precipitously in recent days, with a 96% drop far surpassed the decline in price, currently at $96.80.

If we  assume …

Precious Metals Gain, Energy Market Halts Rally

Posted: 28 Jun 2013 01:27 PM PDT

Gold rallied today on signs that the sharp drop of prices sparked physical demand. Other precious metals also gained. Short-covering helped the metal a bit …

Friday, June 28, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Murdoch splits empire into two firms
Rupert Murdoch split his corporate empire into two parts under a long-promised plan to "unlock value" by separating high-flying entertainment ...

Financial crisis cripples Spain medical research
In blue gloves and goggles, Maria Jesus Vicent's team of young researchers busily mix chemicals in their laboratory, where they work at improving ...

Lebanon tourism pays the price for Syria's war
Dia's restaurant in the Lebanese resort village of Aley is deserted. Most years, he caters to thousands of rich Gulf Arab tourists and to visiting ...

US stocks rack up strong first half despite June slump
The S&P 500 scored its best first half rise in 15 years as US stocks closed out a strong first half, despite losses for June driven by worries of ...

Kuwait- Two cross-dressers arrested drunk
Operatives from Hawalli Security Directorate nabbed two Kuwaiti cross-dressers in Salmiya for consuming alcohol. Apparently, the officers ...

Kuwait- Youth makes use of hoax bomb call to board plane
"There is a bomb in the plane and it will explode" - this was the hoax statement made by a Kuwaiti youth when he was stopped from boarding a ...

Kuwait- Old woman molested
A 50-year-old woman has filed a complaint with the concerned authorities accusing an unidentified person of molesting her while she was ...

Abaya stores can't find Saudi women workers
Clothing retailers here say they are losing money because they are having difficulty finding Saudi women to work in their abaya stores. They ...

Pro-Mursi supporters rally in Cairo
Thousands of supporters of Egypt's embattled president are rallying in the nation's capital in a show of support ahead of what are expected to ...

Kuwait invests $ 24 bn in UK
The Kuwait Investment Authority has more than doubled its investment in Britain over the past 10 years to more than $ 24 billion, Bader ...

Forbes honors top 100 Indian leaders in UAE
Recognizing its passion and contribution to the advancement of the Arab region, Forbes Middle East revealed its long-awaited list of the Top ...

Saudi Kingdom showcases automotive capabilities to US companies
Saudi Basic Industries Corporation attended a conference in Detroit, Michigan hosted by the US Saudi Business Council and took part in ...

Emerging markets suffer harsh correction
mKFH-Research issued a report that shed light on the sharp decline in emerging markets, caused by concerns that the United States might ...

Two-headed turtle hatches at San Antonio zoo
A two-headed turtle has hatched at the San Antonio Zoo and officials have named her Thelma and Louise. The female Texas cooter arrived June ...

'Green energy' has not bloomed yet for investors
The term 'green energy' refers to the benign environmental impact of fuel sources, such as wind and solar, that President Barack Obama promoted ...

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Weekly Roundup: MarketWatch's top 10 stories, June 24-28

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MarketWatch
Weekly Roundup
JUNE 28, 2013

MarketWatch's top 10 stories, June 24-28

By MarketWatch

Weekly Roundup
powered by ad choices


Friday marked the end of the month and of the quarter, in addition, of course, to the week — a week that, itself, was marked by several finales and prospective bookends.

When, the market was asking, would the Federal Reserve begin to wind down — or taper, in the current parlance — its bond buying? Did the Supreme Court's decision in the Defense of Marriage Act case signal the end of matrimonial discrimination in America? Is the long-running gold rally well and truly finished? What of the bond boom? And was this the last gasp of BlackBerry's bid to recapture squandered glory?

Not to put too fine a point on it, with all that talk of cessation in the air, our Rex Nutting was asking: Who killed the American dream ?

Getty ImagesGay-rights supporter Vin Testa waves a rainbow flag outside the Supreme Court building on June 26.The stock market closed out the week higher, despite a patch of intensified selling in Friday's dying moments. And, while June was a down month, the quarter was a winner for the Dow industrials (DJIA), the S&P 500 (SPX) and the Nasdaq Composite (COMP) were all up for the second quarter. In fact, with a 13.8% gain, the Dow enjoyed its best first half since the final year of the last millennium.

See Market Snapshot for more daily, weekly, monthly, quarterly and year-to-date stock-market facts and figures.

Stick with MarketWatch this weekend for breaking news and continuing coverage of the stories that affect your portfolio, your life and your retirement.

— Tim Rostan and Saumya Vaishampayan

BlackBerry in the red

BlackBerry shares (BBRY) were crushed after the Canadian smartphone maker failed to swing to a profit and reported lackluster shipments. Full story: BlackBerry bruised as BB10 sales fall short.

Celebrations at the CPA's office

The Supreme Court ruled that the Defense of Marriage Act is unconstitutional this week, which could result in tax refunds from Uncle Sam for eligible couples if they amend past returns. Full story: Same-sex couples: Celebrate, then call a CPA

Detroit's muni mess

Detroit's messy restructuring plan, an effort to avoid filing for bankruptcy, is ruffling feathers in the municipal-bond market over its treatment of general obligation bonds. See: Detroit receiver's plan has muni market on edge.

Fed officials to market: Calm down, 'feral pigs'!

Top Federal Reserve officials sought to calm markets in the wake of the Fed's monetary-statement last week and subsequent jump in interest rates, as they said market participants misunderstood the Fed's policy. See: 3 more Fed officials chastise 'feral hogs.'

Central bank of the world

The U.S. isn't threatened by a potential slowing of the Federal Reserve's asset purchases later this year, it's the rest of the world. And this means that Fed Chairman Ben Bernanke has to decide whether the Fed is the central bank for the U.S. or the world, writes Matthew Lynn. Read the full column: U.S. ready for Fed taper, but rest of world isn't.

Health care is so overrated

The young people who surged to the polls in 2008 to elect President Barack Obama might be the same people who fail to comply with his historic health-care law. Full story: Why young Americans may dodge health law.

Swiping an iPhone might take on new meaning

Consumers agonizing over the next update to Apple Inc.'s (AAPL) iPhones should read through its recent patent application, which hints a fingerprint reader technology, writes Nigam Arora in Trading Deck. See column: Apple's fingerprint reader: the secret is out

Gold's worst quarter, ever

Gold futures made history on Friday as they posted the worst quarterly loss since modern trading began with a drop of more than 23% in the period. Full story: Gold sees record quarterly plunge.

Former New Jersey governor faces charges in MF Global collapse

Jon Corzine, former chief of MF Global and ex-governor of New Jersey, was slapped by civil charges for his involvement in the collapse of MF Global Holdings Ltd. Full story: Corzine knowingly directed customer fund use in MF Global's final days, complaint says.

Mortgage rates

The 30-year mortgage rate posted the largest weekly rate increase since 1987, accelerating after Federal Reserve Chairman Ben Bernanke talked about tapering later this year. What does this mean for refinancing your mortgage? See the mortgage-rate spike that's killing refis.

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