| New Zealand Stock Exchange Selects TCS BANCS Market Infrastructure ...
MUMBAI, India, Sept. 28 /PRNewswire/ -- TCS Financial Solutions, the strategic business unit of Tata Consultancy Services (TCS), (BSE: TCS.BO) dedicated to providing business application solutions to the banking, insurance and capital markets industries, today announced that its TCS BANCS Market Infrastructure solution has been chosen by the New Zealand Stock Exchange (NZX). TCS BANCS Market Infrastructure provides multientity, multilingual support to Depository and Clearing institutions with comprehensive functionality across Equity, Fixed Income, Commodities and Derivatives asset classes. This product offers complete functional coverage across technology platforms and delivery channels. TCS BANCS Market Infrastructure is fully compliant with international standards from the G30 and the Bank of International Settlements.
India gold futures fall, may test Rs 11,000
MUMBAI: Gold futures fell on Friday, after having seen a record high earlier this week, as overseas investors sold gold to cover margin calls in stocks and softer crude oil added bearish pressure, analysts said.
"Overall it is in a selling mode again," said an analyst at IL&FS Investsmart Commodities Ltd. "But it may bounce back again after testing its supports."
Another analyst, K N Rahaman, senior analyst at Way 2 Wealth Securities Ltd, said the benchmark February gold on the Multi Commodity Exchange of India Ltd (MCX) could test Rs 11,000 per 10 grams.
"But I am not bearish, slowly it can recover," Rahaman added.
The factors that backed gold's rally -- chances of a rate cut in the US and the growing clout of the commodities asset class -- are likely to continue supporting gold, the analysts said.
Democrats make populist appeals before contests
As a African American I would hope that African Americans if looking for a African American candidate would look deeper into their roots of the past; those whose ancestry were slaves. As for African American support for the Socailist Clinton that is wrong also; we need to stop looking to the Democratic Party for a handout. We can make it by faith Hilliary is not the answer - she is not our savior and Bill is not the first African American President and Obama doesn´t represent African Americans everywhere. He is a smooth talking promise making empty man that will be defeated. America is ready for a change but we don´t need the either of these Democrats one a self agrandizing carpet bagger and the other a wet behind the ear slogan maker. Please America wake up before it´s too late. .
The Investment Column: Barclays investors should keep faith after ABN ...
In normal times, Barclays' shares would have bounced in the last few weeks after it lost out to Royal Bank of Scotland in the battle to buy ABN Amro. Instead, the bank's stock has fallen 12 per cent since 5 October, the day before it conceded defeat. Barclays is not the only bank whose shares have suffered in the credit crunch. But Barclays is of particular concern because the success of its Barclays Capital investment bank has been closely identified with the booming credit markets that seized up in August. The investment bank Credit Suisse restarted coverage of the stock yesterday with an 8 per cent downgrade to 2007 earnings, based on higher funding costs and expected reductions in trading and investment income. Bob Diamond, who runs BarCap, has done the rounds to remind investors that his business does commodities and foreign exchange as well as leveraged finance and structured credit.
Shipping in favour as industry proves resilient
With all the “stormy weather" metaphors floating around the markets at the moment, you might think the last thing to do with your money is send it to sea, but some investors have done precisely that and have been richly rewarded. Out of favour in the 1990s, shipping is now attracting more interest as demand soars and the financial infrastructure supporting the industry becomes more sophisticated. There is a variety of approaches available to investors, although the choice of different funds within each approach is limited. The options include investing directly in ships as assets, managing the ships and their freight, buying shipping company shares or investing in the increasingly active futures market. .
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