| MCX to support Microsoft's rural technology training programme
MUMBAI: Multi Commodity Exchange of India on Thursday announced its support to an ongoing computer literacy programme of Microsoft and Indian Society of Agribusiness Professionals in rural Maharashtra.
This marks the launch of MCX's Corporate Social Responsibility initiative aimed at empowering the youth and women of rural areas of the state with technology skills.
Till now over 15,500 people have been trained and more than 24,000 people are using this service across 16 districts by the means of understanding the futures markets prices of the area specific commodities.
MCX's support will help in increasing deployment of laptop and desktop computers and thereby strengthen the ongoing technology training and adoption efforts through the project.
Stocks Slip Ahead Of U.S. Data, Sterling Up
Caution ahead of key U.S. retail sales data on Wednesday prompted investors to pare some gains in stocks while tough talk on inflation by the Bank of England helped boost sterling. Though rising off early lows, stocks were still in the red with investors taking risky bets off the table in case the U.S. report, due at 1330 GMT, showed more weakness in the world's biggest economy than already anticipated. A weakening consumer sector, which accounts for more than two thirds of the U.S. economy, has fuelled concerns that a recession is increasingly likely. Also worrying was fresh data showing much weaker than expected euro zone industrial output in December -- another sign of a global slowdown. "Euro zone growth is in trouble and the ECB had better get its skates on for easing soon," said David Brown, chief European economist at Bear Sterns International.
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.
Microsoft Offers to Buy Yahoo for $44.6B
The company is to present a strategic update for analysts Monday in New York. -By Andrew Edwards, Dow Jones Newswires; 201-938-5973; Andrew.Edwards@dowjones.com (Kevin Kingsbury, George Stahl and Jessica Hodgson contributed to this article.) (END) Dow Jones Newswires 02-01-08 0834ET Copyright (c) 2008 Dow Jones & Company, Inc. .
RP rejects bids for 4-year Treasury bond
The Philippines rejected all bids for its 4-year Treasury bonds at a government auction on Tuesday due to high rates.
The Bureau of Treasury was meant to auction P7.5 billion ($183 million) worth of bonds but the average rate of bids was 6.184 percent, compared to 5.876 percent at the previous auction in December.
Banks tendered P12.42 billion worth of bids.
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NYMEX Announces Updated Fee Schedule for NYMEX and COMEX Futures and ...
NEW YORK, Dec. 14 /PRNewswire-FirstCall/ -- NYMEX Holdings, Inc. (NYSE: NMX) , the parent company of the New York Mercantile Exchange, Inc. (NYMEX), announced today that effective January 2, 2008, an updated fee schedule will be put into effect containing per contract price increases for NYMEX and COMEX futures and options products ranging from $0.05 to $0.20 per side. These increases, which were referenced in the Company's November 1, 2007 third quarter earnings announcement as forthcoming, level the rates across the NYMEX and COMEX Divisions. Even with these increases, NYMEX continues to offer the industry's most price competitive venues for energy and metals futures and options trading. NYMEX futures and options fees on CME Globex(R) electronic trading platform, NYMEX ClearPort(R) Clearing platform, and the NYMEX trading floor will increase $0.10 per side for members, and $0.05 per side for cross division trades.
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