| 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.
CalPERS Selects LavaFX Product Suite for Foreign Exchange Trading
SACRAMENTO, Calif. and NEW YORK--(BUSINESS WIRE)--The California Public Employees' Retirement System (CalPERS), and Lava Trading Inc., the innovative technology firm that develops high-performance trading solutions for the financial services industry, today announced that CalPERS has selected the LavaFX® product suite for foreign exchange trading. CalPERS will use the platform to execute trades in its new Active Currency Overlay Portfolio, as well as in other internal portfolios. Built upon Lava's leading, proprietary technology core, LavaFX provides a premier offering in electronic foreign exchange trading that is transforming the FX marketplace. It provides a Central Limit Order Book of live dealable prices, full price transparency and depth of book, and the ability to place bids and offers, together with Lava's sophisticated order types.
KLG Systel raises US$22mn through FCCB issue
KLG Systel Ltd., a leading software development and organization life cycle solutions company, today announced that the company has raised FCCB to the tune of US $22 million, pursuant to the special resolution passed by the shareholders of the Company. The issue closed on Monday, March 26, 2007. Consequently, the Board of Directors, in its meeting, held on March 26, 2007 had resolved to allot the Bonds to the investors and had allotted 2200 Foreign Currency Convertible Bonds of US$10,000 each to GOLDMAN SACHS INTERNATIONAL. Bonds are convertible into Equity Shares at an initial conversion price of Rs. 400/- per share. The FCCBs are listed on the Singapore Stock Exchange. Elara Capital plc acted as Lead Manager to the Issue. The net proceeds from this Offering, after deduction of fees and expenses is expected to be approximately US$ 21.12 Million which the Company intends to use for new projects in Power System Solutions and expansion of existing activities in Life Cycle Solution and Power System Solutions.
China Automotive Systems Reports 2006 Fourth Quarter and Full Year ...
WUHAN, Hubei, China, April 2 /Xinhua-PRNewswire/ -- China Automotive Systems, Inc. (NASDAQ:CAAS) , a leading power steering components and systems supplier in China, today announced 2006 Fourth Quarter and Full Year financial results. 2006 Fourth Quarter Highlights: -- Net sales increased to US$27.7 million, reflecting 49% year-over-year growth; -- Net income was US$1.4 million, reflecting a 65% year-over-year growth; and -- Diluted earnings per share was US$0.06 reflecting a 50% year-over-year growth 2006 Full Year Highlights: -- Net sales increased to US$95.8 million, reflecting a 51% year-over-year growth; -- Net sales from steering components for passenger and light-duty vehicles increased to $60.3 million, reflecting a 51% year-over-year growth; -- Net sales from steering components for commercial vehicles increased to $25.1 million, reflecting a 43% year-over-year growth; -- Net income was US$4.8 million, reflecting a 45% year-over-year growth; and -- Diluted earnings per share was US$0.21 reflecting a 40% year-over-year growth .
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