| 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.
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.
Nintendo Profit Beats Forecast on DS Game Players (Update3)
April 5 (Bloomberg) -- Nintendo Co., the world's biggest maker of handheld game players, said annual profit and revenue rose more than the company estimated, helped by DS portable and software sales and a foreign-exchange gain. Revenue jumped 90 percent to 966 billion yen ($8.1 billion) in the year ended March 31, from 509.2 billion yen a year earlier, the Kyoto-based company said in a preliminary earnings statement today. In January, Nintendo forecast 900 billion yen in sales. The increase in the earnings estimate is Nintendo's fourth for the fiscal year. DS players, introduced in 2005, still sell out in Tokyo and sales of the Wii console outnumber Sony Corp.'s PlayStation 3 by two to one in the U.S. and Japan. A weaker yen may also boost earnings at Japanese exporters including Toyota Motor Corp.
Why are bank fees so high?
Many Canadians are unhappy with bank fees in general, not just the fees for using another bank's cash machines highlighted by Finance Minister Jim Flaherty. They think service charges are high and increasing all the time, despite the fact that many customers are adopting low-cost electronic banking. They also feel they don't get a break from their banks for being long-time loyal customers. "About 30 years ago, we had no fees," says Caroline Hubberstey, a spokeswoman for the Canadian Bankers Association. "The cost of banking was covered off in the spread between loan rates and deposit rates. Borrowers paid for the banking activities of other clients. "Today, we have lower spreads and we have a user-pay, transparent system." Service fees from retail customers account for only about 5 per cent of bank revenues, according to a CBA publication.
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