Cambodia to deport convicted co-founder of file-sharing site Pirate Bay to Sweden
05 Wednesday Sep 2012
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in05 Wednesday Sep 2012
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in05 Wednesday Sep 2012
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in04 Tuesday Sep 2012
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inWhat does it mean?
A widely-used slang term used to collectively refer to a corporation’s most important senior executives. C-Suite gets its name because top senior executives’ titles tend to start with the letter C, for chief, as in chief executive officer, chief operating officer and chief information officer.
Also called “C-level executives.”
04 Tuesday Sep 2012
Posted Uncategorized
inWhat does it mean?
A widely-used slang term used to collectively refer to a corporation’s most important senior executives. C-Suite gets its name because top senior executives’ titles tend to start with the letter C, for chief, as in chief executive officer, chief operating officer and chief information officer.
Also called “C-level executives.”
04 Tuesday Sep 2012
Posted Uncategorized
in
In the US, major indices fell for the second week as the consumer confidence dropped to its lowest level in nine months and global growth concerns overshadowed Fed’s commitment to step in to boost the economy. The confirmation that the QE3 is close and optimism that Europe and Asia will also start a similar stimulus programs soon pushed the US markets to post third monthly gains. The Dow Jones was down 0.5% for the week while it was up 0.6% for August. The Nasdaq was off 0.1% for the week and up 4.3% for the month. The S&P 500 also lost for the week with a 0.3% fall, but was 2% higher for the month of August.
The Canadian markets also lost for the week and gained for the month. The TSX lost 1.1% for the week, but gained 2.6% for August to post its 3rd consecutive monthly gain. The junior venture index fell by 0.9% for the week but managed to post a gain after 5 months of finishing in the red. It gained 4.9% for August, its biggest monthly gain since January.
The European and Asian markets followed the trend of the North American markets as the Fed left the door opened for further stimulus. Europe still managed to finish the month in black as expectation of policy measures to fix the European debt issues overcame sharp drop in Eurozone business and consumer confidence and a monthly rise in German unemployment. Asian markets fell for the month as Hong Kong and China sank to new lows not seen since early 2009 as Chinese economy continuous to struggle to find growth.
Commodities mostly rose as the dollar weakened and the expectation of QE3 propelled the precious metals. Crude oil posted a marginal 0.3% gain for the week, but rallied 9.6% for the month, its biggest monthly gain since October of last year on supply concerns due to Hurricane in the Gulf and on Bernanke’s speech.
Gold markets have been waiting for the Fed’s speech more than any other commodity as gold is considered a hedge against inflation and any quantitative easing will create inflation pressure on the economy. On anticipation of QE 3, gold rallied to a five month high. It finished the week 0.9% and the month 4.8% higher. We expect the gold to go even higher if QE3 is announced in 2 weeks as the markets have not priced in totally this event
04 Tuesday Sep 2012
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