| NCEL launches awareness drive for rice trading
KARACHI: National Commodities Exchange Limited (NCEL) on Monday launched a month-long pre-launch programme and investor awareness drive ahead of the commencement of listing and trading of its IRRI-6 Rice Futures Contract.
Managing Director Assim Jang said NCEL will be in Kandhkot, in upper Sindh, holding the first of investor awareness seminars aimed at informing the potential participants, including growers, millers, traders and exporters of the details of Futures Trading in IRRI-6 rice and encouraging their participation.
We have chosen these areas to start out investor awareness drive as they are the trading hubs of IRRI-6 rice, Assim said adding, we feel it is important to reach out to the key participants in our market on a one-to-one basis, they will not only ultimately benefit from this new contract, but also will provide NCEL with the necessary depth and liquidity, he added.
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Sam Seiden brings over 15 years experience of equities and futures trading which began when he was on the floor of the Chicago Mercantile Exchange. He has traded equities, futures, interest rate markets, forex, options, and commodities for his personal interests for years and has educated hundreds of traders and investors through seminars and daily advisory services both domestically and internationally.
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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.
Immigration drive hijacked
This was open to abuse from the beginning. I don't agree with McConnnell's idea of send us more and more immigrants. Migrant workers who willl eventually return home are considerably different from being suddenly swamped with people who are not even of our continent and our economy and infrastructure which cannot support a booming population or mass exodus out of third-world countries in the long-term. Now McConnell and his type think they can get around the pension fiasco, by importing more and more people to pay into it, but really what looks like a solution in the short-term will be a much greater problem in the long-term. Many of these people will milk the benefit system and take from it rather than give anything. There are unemployed people native Scots living in Scotland, so why are they not being trained or utilised FIRST? Don't tell me it's because they are lazy or untrained, because I have been in that very position and couldn't get a job, despite holding a 1st class Honours! Nigeria is the home of scamming.
News in brief
A judge in Chicago has declared the millionaire adventurer Steve Fossett legally dead, five months after his plane disappeared over the Nevada desert. Fossett vanished in September after taking off in a light plane; a long search produced no trace of him. A judge heard testimony yesterday from Fossett's wife, Peggy, and a family friend as well as a search-and-rescue expert before deciding there was sufficient evidence to declare him dead. Attorneys representing Fossett's estate had filed a petition to have him declared legally dead so his assets could be distributed according to his will.Associated Press in Chicago MPs want rail link to mark peace with South Korea Politicians in Japan have proposed the construction of an 80-mile "peace tunnel" to South Korea that would boost trade and symbolise the warming of ties between the former enemies.
Public sector funds have most asset growth
PUBLIC sector super funds have the highest asset returns but retail funds are the number one choice for Australians, a report shows. Still, the industry super funds body says its asset returns, which posted the sharpest decline in percentage terms compared with other types of superannuation, are higher than retail funds because it does not pay sales commissions to financial advisers. The Australian Prudential Regulation Authority (APRA)'s Superannuation Performance report, for the September quarter, showed public sector funds had the highest return on assets of 2.3 per cent compared with 2.2 per cent for corporate funds, 2.0 per cent for industry funds and 1.8 per cent for retail funds. The average rate of return on assets across the main super funds was two per cent in the September quarter, down from three per cent in the three months to June.
Potato futures up on concern output will fall
MUMBAI: Potato futures rose on Thursday on speculation a persistent cold wave in the northern region could hurt output, analysts said.
On the Multi Commodity Exchange of India, potato futures rose more than 1 per cent, with the most active March contract at Rs 598, up 1.15 per cent.
"Futures price is rising only on speculation," Abhijeet Choudhuri, an analyst with research house Agriwatch, said. "There are speculations that output would fall due to the cold wave." "At least 10-15 percent crop loss has been reported in India. But this rise is only temporary as arrivals will start soon."
India's potato production in 2007/08 is likely to grow 4.5 per cent, half its earlier 10 per cent estimate, on crop damage, the National Horticulture Research Development Foundation, which monitors potatoes and onions for the government said.
Words from the (Investment) Wise for the Week That Was (Feb 4 - 10 ...
Similarly, in stocks, analyst estimates reflect a quick return to record profit margins about 50% above their historical norms. If those assumptions disappoint and it becomes clear that profit margins will not be forever sustained at record highs, it doesn't only imply near-term earnings disappointments - it implies that the whole stream of future earnings impounded into stock prices is wrong. After all, a moderate price/earnings multiple on elevated earnings does not imply moderate valuation. This is why we use a variety of measures to gauge valuations - you can't capture the whole valuation picture with only one. "We're certainly willing to assume higher growth rates for well-managed companies with defensible product lines, which is why we don't simply define value as 'low P/E' or 'low price-to-book'.
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