| Venezuela's currency gains for third day on PDVSA bond sale
Venezuela's currency gained in unregulated, parallel-market trading as the $5 billion dollar- denominated bond sale today by state oil company Petroleos de Venezuela SA may help meet demand for dollar-denominated assets. Petroleos said in a statement that its bonds were priced at 105.5 cents, or $1.05, each. The offering from the Caracas-based company may include $2 billion of 10-year dollar notes with a coupon interest rate of 5.25 percent, $2 billion of 20-year notes with a 5.375 percent coupon and $1 billion of notes maturing in 2037 and bearing a coupon of 5.5 percent. ``This issuance may temporarily contain the parallel exchange-rate depreciation and price pressures, by supplying much needed foreign exchange to the market,'' Tania Reif, an analyst with Citigroup Inc.
Royal Forex Trading Announces Launch of New Dynamic Website ...
Leading online currency trading company, Royal Forex Trading, LLC is pleased to announce the re-launch of their website with many new features making online currency trading even easier for both new and existing clients. Boca Raton, FL (PRWeb) April 3, 2007 -- Royal Forex Trading, LLC (RFXT) provides an online trading platform for individuals and institutions that want to speculate on the exchange rate between two currencies. In doing so, traders buy and sell currencies with the hope of making a profit when the value of the currencies changes in their favor. RFXT is hoping to give new and existing clients an even better currency trading experience with a re-launch of their website. One of the most interesting additions to the new website is the ability for clients to download RFXT's new foreign exchange software program, called MetaTrader and Mobile Trader 4 (to be used with PDA, and other small screen mobile devices.) Clients can use the foreign exchange software for excellent, above and beyond regular standards in execution.
Economic News SUMMARY, March 8
Though Slovakias FOREX market saw lackluster trading on Wednesday and the exchange rate of the Slovak currency oscillated around 34.300 SKK/EUR the crown appreciated after the close of the session. UniBanka dealer Patrik Malec explained that foreign banks especially London ones were buying the Slovak crown in significant volumes, which moved its exchange rate to a new historic high at 34.030 SKK/EUR. The local currency thus rewrote its historic maximum of 34.060 SKK/EUR that it hit two days before the end of last year. Railway Company ZSR does not Plan Layoffs this Year
Railway network operator Zeleznice Slovenskej Republiky (ZSR) that belongs among the biggest employers in Slovakia does not plan any layoffs this year. ZSR spokeswoman Martina Pavlikova says that the number of their employees will go down only due to natural loss caused by people who will retire.
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