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	<title>myPRnow &#187; Investment</title>
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	<link>http://myprnow.com</link>
	<description>Get your press published the professional way</description>
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		<title>Fresh and updated property listings with the best Miami Homes</title>
		<link>http://myprnow.com/2010/06/fresh-and-updated-property-listings-with-the-best-miami-homes/</link>
		<comments>http://myprnow.com/2010/06/fresh-and-updated-property-listings-with-the-best-miami-homes/#comments</comments>
		<pubDate>Mon, 21 Jun 2010 07:35:55 +0000</pubDate>
		<dc:creator>patjeary</dc:creator>
				<category><![CDATA[Finance]]></category>
		<category><![CDATA[Investment]]></category>

		<guid isPermaLink="false">http://myprnow.com/2010/06/fresh-and-updated-property-listings-with-the-best-miami-homes/</guid>
		<description><![CDATA[The Miami region has been popular among most property seekers looking for the perfect home or property investment. The Miami properties offer locations which in the long run fetch valuable returns and tend to grow every passing day. A home in Miami with all facilities available fulfils the aspirations of many property buyers both from [...]]]></description>
			<content:encoded><![CDATA[<p>The Miami region has been popular among most property seekers looking for the perfect home or property investment. The Miami properties offer locations which in the long run fetch valuable returns and tend to grow every passing day. A home in Miami with all facilities available fulfils the aspirations of many property buyers both from financial and lifestyle perspectives. </p>
<p>Findire online property search includes property in all corners of world with a wide choice of searchable USA property opportunities. Find new homes for sale in Miami. Get help with our listings to find homes in Miami for sale. The Findire site helps you find your perfect property in Miami. The site is a dedicated portal for properties all the world over. It helps you buy, sell, rent or lease you properties and assures it goes in trusted hands. The Findire site gives extensive listing of the Miami’s real estate property. Its value is usually considered as one of the best property that an individual can invest in. The place has everything that a person can enjoy, making it a perfect place to possess a dream location. Miami is really a hot item on the market and in the industry of real estate. </p>
<p>People looking generically or geographically can find your property listing with ease &#8211; and then find a selection of your best properties you have listed and be guided to your specific site. Along with the customized advertising solutions the free add section helps to get a good deal and offer which has proven records adding to the Findire reputation as whole. With the Findire extensive property, the search embedded search engine pools in property from every corner of the world to provide the best possible results. You can choose to select property from a specific country, state and city. </p>
<p>The property search becomes a more precise one with the postal code and price tag search. You can also look forward to choose from property type like villas, Duplex and so on. The Findire site makes the best online advertising place for you property. With over one million properties on sale the site makes the best property website attracting traffic from all over. You can choose to place your property under various categories which best suit your property.</p>
<p>The Findire site is one of the leading property and real estate’s sites. Findire has established itself as one of the leading names in international property market. The team at Findire has helped thousands of clients in their search to make sound, long term investments that provide both security and the highest possible returns. Findire’s mission is to provide the most up to date information and investment advice in the world&#8217;s most favorable property markets. </p>
<p>Click here for: <a href="http://miami-florida-houses-1.blogspot.com/">Miami Florida Houses</a></p>
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		<title>Top Penny Stock Picks &gt; Hottest Penny Stocks to Buy in 2010 at MomentumStockPick.com</title>
		<link>http://myprnow.com/2009/12/top-penny-stock-picks-hottest-penny-stocks-to-buy-in-2010-at-momentumstockpick-com/</link>
		<comments>http://myprnow.com/2009/12/top-penny-stock-picks-hottest-penny-stocks-to-buy-in-2010-at-momentumstockpick-com/#comments</comments>
		<pubDate>Wed, 09 Dec 2009 04:55:31 +0000</pubDate>
		<dc:creator>Free-Press-Release</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Investment]]></category>
		<category><![CDATA[penny]]></category>
		<category><![CDATA[stocks]]></category>
		<category><![CDATA[Top]]></category>

		<guid isPermaLink="false">http://myprnow.com/?p=650</guid>
		<description><![CDATA[Experienced stock traders and investors recognize that trading low priced stocks with momentum is among the fastest &#38; most effective ways to harvest BIG piles of cash in the stock market.
Why? Because certain cheap stocks with momentum bring the posibility of gaining as much as 100% on the same trading day. Some may only rise [...]]]></description>
			<content:encoded><![CDATA[<p>Experienced stock traders and investors recognize that trading low priced stocks with momentum is among the fastest &amp; most effective ways to harvest BIG piles of <span style="text-decoration: underline ! important; position: static;"><span style="color: #000000 ! important; font-weight: 400; font-size: 12px; position: static;"><span style="color: #000000 ! important; font-family: Verdana; font-weight: 400; font-size: 12px; position: static;">cash</span></span></span> in the stock market.</p>
<p>Why? Because certain cheap stocks with momentum bring the posibility of gaining as much as 100% on the same trading day. Some may only rise 10% on a few minutes, which means that you could make a cool $500 on a $5,000 investment on the same day.</p>
<p>The problem is that if you don&#8217;t know what stocks to look for and how to approach them while limiting your risk, you won&#8217;t even get close to making some profits.</p>
<p>You don&#8217;t necessarily have to trade momentum <span style="text-decoration: underline ! important; position: static;"><span style="color: #000000 ! important; font-weight: 400; font-size: 12px; position: static;"><span style="color: #000000 ! important; font-family: Verdana; font-weight: 400; font-size: 12px; position: static;">hot </span><span style="color: #000000 ! important; font-family: Verdana; font-weight: 400; font-size: 12px; position: static;">stocks</span></span></span> all the time. But you can learn how to take advantage of them when you encounter the best opportunities while at the same time limiting your risk.</p>
<p>If you want to learn how to trade and <span style="text-decoration: underline ! important; position: static;"><span style="color: #000000 ! important; font-weight: 400; font-size: 12px; position: static;"><span style="color: #000000 ! important; font-family: Verdana; font-weight: 400; font-size: 12px; position: static;">pick </span><span style="color: #000000 ! important; font-family: Verdana; font-weight: 400; font-size: 12px; position: static;">stocks</span></span></span> with momentum in a simple yet effective way every week, just log on to http://www.MomentumStockPick.com right now and discover what youve been missing.</p>
<p>Take a Look at The Valuable Strategies and Bonuses that You can acceess today:</p>
<p>+ $ Trading Psychology. Realistic mindset of experienced momentum traders. The ones who <span style="text-decoration: underline ! important; position: static;"><span style="color: #000000 ! important; font-weight: 400; font-size: 12px; position: static;"><span style="color: #000000 ! important; font-family: Verdana; font-weight: 400; font-size: 12px; position: static;">make </span><span style="color: #000000 ! important; font-family: Verdana; font-weight: 400; font-size: 12px; position: static;">more </span><span style="color: #000000 ! important; font-family: Verdana; font-weight: 400; font-size: 12px; position: static;">money</span></span></span> look at every opportunity in certain ways.</p>
<p>+ $ Short Selling Opportunities. Focus on these strategic scenarios and short stocks like a pro over and over without getting confused. The other side of the golden coin: Shorting to profit when the stock goes down.</p>
<p>+ $ How to pick momentum stocks every day in an easy and fast way. Pure gold over and over.</p>
<p>+ $ What kind of stocks to look for and how to classify the opportunities for greater trading profits. Come and get a truckload of $$$$$ from now on.</p>
<p>+ $ Profitable momentum trading without <span style="text-decoration: underline ! important; position: static;"><span style="color: #000000 ! important; font-weight: 400; font-size: 12px; position: static;"><span style="color: #000000 ! important; font-family: Verdana; font-weight: 400; font-size: 12px; position: static;">technical </span><span style="color: #000000 ! important; font-family: Verdana; font-weight: 400; font-size: 12px; position: static;">analysis</span></span></span>.</p>
<p>+ $ What kind of stocks and &#8220;opportunities&#8221; to avoid and why. Save thousands in losses from trades gone bad in the future.</p>
<p>+ $ The &#8220;little details&#8221; you should look for before you consider a momentum daytrade.<br />
Tips for Holiday Travel, cars under 10000, car insurance advice</p>
<p>+ $ Things to consider when trading low float momentum stocks</p>
<p>+ $ Buying micro cap and small cap stocks with momentum.</p>
<p>+ $ Trading NASDAQ stocks or OTCBB &#8211; OTC stocks ?</p>
<p>+ $ Getting ready for the trading breakout. Position your self for success.</p>
<p>+ $ Will my market rally last more than 5 minutes or less? What to do</p>
<p>+ $ It&#8217;s all about the stock rally. The rest is just a bunch of elegant B.S. Learn to focus on what matters.</p>
<p>+ $ How to lock in profits on the way up</p>
<p>+ $ Should I hold overnight trading positions for a possible gap up ?</p>
<p>+ $ What to do if the stock rally stops moving. Cash in your pocket !</p>
<p>+ $ Level 2 trading ( L 2 ) strategies for momentum stocks.</p>
<p>+ $ Time frames for trading stocks with momentum, Pros and Cons</p>
<p>+ $ Premarket stock trading strategies and tips.</p>
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		<title>Delcam maintains development investment despite downturn</title>
		<link>http://myprnow.com/2009/09/delcam-maintains-development-investment-despite-downturn/</link>
		<comments>http://myprnow.com/2009/09/delcam-maintains-development-investment-despite-downturn/#comments</comments>
		<pubDate>Wed, 02 Sep 2009 13:53:54 +0000</pubDate>
		<dc:creator>Free-Press-Release</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Investment]]></category>

		<guid isPermaLink="false">http://myprnow.com/?p=229</guid>
		<description><![CDATA[CADCAM developer Delcam has maintained its industry-leading levels of research and development expenditure during the first half of 2009 despite feeling the effects of the global economic downturn.
The company invested over £4.7 million in R&#38;D during the period, a small increase from the £4.5 million invested in the first half of 2008. This strategy is [...]]]></description>
			<content:encoded><![CDATA[<p><em>CADCAM developer Delcam has maintained its industry-leading levels of research and development expenditure during the first half of 2009 despite feeling the effects of the global economic downturn.</em></p>
<p>The company invested over £4.7 million in R&amp;D during the period, a small increase from the £4.5 million invested in the first half of 2008. This strategy is in marked contrast with some other suppliers in the CAM market, which have cut their investment in development as their sales have fallen.</p>
<p>Delcam also continued to invest in other areas of its business, including the opening of a new Asian office based in Singapore for its Professional Services Group and the addition of a large five-axis machine tool in its Tooling Services Division.</p>
<p>Sales during the opening six months of £16.1 million were less than 5% down from the £16.9 million achieved in the equivalent period last year. This reflected the very challenging market conditions, which saw the company’s manufacturing customer base deferring its expenditure on software.</p>
<p>Within this total, recurring maintenance revenues, derived from software maintenance and support contracts, increased by 13% to £5.8 million compared with £5.1 million in the first half of 2008. This increase shows the value that Delcam customers put in the regular upgrades to the company’s software and the high quality of the technical support provided.</p>
<p>Despite the fall in sales and its continued high levels of R&amp;D expenditure, Delcam remained profitable. Pre-tax tax profit for the first six months of 2009 was £0.3 million, against £1.4 million in the first half of 2008. Net cash at the end of the period was a very healthy £5.8 million. This financial strength will leaves Delcam well placed to take full advantage of any improvement in market conditions.</p>
<p>Commenting on the results, Delcam Chairman Peter Miles, said, &#8220;Reflecting the global financial and economic crisis, the trading environment in 2009 has been challenging and the impact of the downturn in the manufacturing sector has been even harder than we initially anticipated at the end of last year. With many companies postponing their investments in capital equipment, it is to be expected that the associated software sales should also be delayed.”</p>
<p>&#8220;However, as we stated in our 2008 annual report, given Delcam’s strong financial position and high level of recurring income, we believe that the business is well placed to see out the near-term challenges. In particular, we are continuing to invest significantly in product development and marketing. This provides us with an increasing commercial advantage and will help to support our ambitions to build our market share during the downturn.”</p>
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		<title>Magners Brewer Gulps Down Tennent&#8217;s Lager</title>
		<link>http://myprnow.com/2009/08/magners-brewer-gulps-down-tennents-lager/</link>
		<comments>http://myprnow.com/2009/08/magners-brewer-gulps-down-tennents-lager/#comments</comments>
		<pubDate>Thu, 27 Aug 2009 12:41:01 +0000</pubDate>
		<dc:creator>Free-Press-Release</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Finance]]></category>
		<category><![CDATA[Investment]]></category>

		<guid isPermaLink="false">http://myprnow.com/?p=187</guid>
		<description><![CDATA[Scotland&#8217;s best-selling lager, Tennent&#8217;s, has been snapped up by the brewer of Magners cider in a deal worth £180m.
The proposed sale by brewing giant Anheuser-Busch InBev to Magners owner C&#38;C includes Glasgow&#8217;s Wellpark Brewery, where Tennent&#8217;s lager is brewed.
Tennent&#8217;s accounts for 55% of lager volumes sold to Scottish pubs and clubs and around 30% of [...]]]></description>
			<content:encoded><![CDATA[<h2>Scotland&#8217;s best-selling lager, Tennent&#8217;s, has been snapped up by the brewer of Magners cider in a deal worth £180m.</h2>
<p><img class="alignleft size-full wp-image-188" title="beers" src="http://myprnow.com/wp-content/uploads/2009/08/beers.jpg" alt="beers" width="400" height="225" />The proposed sale by brewing giant Anheuser-Busch InBev to Magners owner C&amp;C includes Glasgow&#8217;s Wellpark Brewery, where Tennent&#8217;s lager is brewed.</p>
<p>Tennent&#8217;s accounts for 55% of lager volumes sold to Scottish pubs and clubs and around 30% of the volumes sold to off-licences and supermarkets.</p>
<p>It is the leading brewer in Scotland by volume and also has the right to produce and sell the Stella Artois brand.</p>
<p>C&amp;C chief executive John Dunsmore described Tennent&#8217;s as a &#8220;celebrated brand&#8221; and a good fit alongside Magners.</p>
<p>AB InBev said the sale would not affect the rest of its business in England and Wales, and the company will still be able to distribute Tennent&#8217;s Super and Pilsner in other regions.</p>
<p>C&amp;C shareholders will have to approve the deal, which is also subject to Irish antitrust approval, in late September or early October.</p>
<p>C&amp;C said it would pay £153m when the sale is completed by the end of this year and the remaining £27m by September 2010.</p>
<p>It said it could fund this entirely from existing bank loan facilities and cash reserves.</p>
<p>The announcement of the sale came as C&amp;C issued a trading statement for the five months ended July 2009.</p>
<p>Revenues were down by 5%, made up of a 4% decline in cider revenues and a 22% drop from spirits and liqueurs.</p>
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		<title>Low rates accelerate housing rebound</title>
		<link>http://myprnow.com/2009/08/low-rates-accelerate-housing-rebound/</link>
		<comments>http://myprnow.com/2009/08/low-rates-accelerate-housing-rebound/#comments</comments>
		<pubDate>Thu, 27 Aug 2009 12:25:25 +0000</pubDate>
		<dc:creator>Free-Press-Release</dc:creator>
				<category><![CDATA[Finance]]></category>
		<category><![CDATA[Investment]]></category>
		<category><![CDATA[Real Estate]]></category>

		<guid isPermaLink="false">http://myprnow.com/?p=181</guid>
		<description><![CDATA[UK house prices rose in August for the fourth consecutive month, amid signs that low interest rates were bringing stability to the market.
The closely watched Nationwide House Price Index recorded a 1.6 per cent rise in August. The three-month-on-three-month rate of change – considered a smoother indicator of price movement – went up by 3.3 [...]]]></description>
			<content:encoded><![CDATA[<p>UK house prices rose in August for the fourth consecutive month, amid signs that low interest rates were bringing stability to the market.</p>
<p>The closely watched Nationwide House Price Index recorded a 1.6 per cent rise in August. The three-month-on-three-month rate of change – considered a smoother indicator of price movement – went up by 3.3 per cent from a 2.7 per cent increase in July.</p>
<p>Martin Gahbauer, chief economist at Nationwide, noted that the three-month-on-three-month rate of change in house prices was the fastest pace since February 2007.</p>
<p>The rise followed reports this week by the British Bankers‘ Association that more mortgages are becoming available, and indications from the Bank of England that low interest rates will remain for some time.</p>
<p>House prices over the year are now 2.7 per cent below their level of a year ago – a significant improvement from the 6.2 per cent year-on-year decline reported in July – but still stand 14.4 per cent below the peak level reached in October 2007.</p>
<p>The signals from the Bank that low interest rates are likely to remain low for some time had been key to the stability in the housing market, said Mr Gahbauer. In particular, he pointed to minutes of the latest monetary policy committee meeting, which indicated that some members, including Mervyn King, Bank of England governor, wanted to pump more money into the economy than the £175bn agreed in August.</p>
<p>”The MPC appears to believe that, even if the economy does return to growth in the second half of 2009, it will take a long time before the spare capacity left behind by the recession is used up again.</p>
<p>“As a result, consumer prices may be under significant downward pressure over the next one to two years,“ said Mr Gahbauer.</p>
<p>The implications are that interest rates are likely to remain at or near current levels, greatly improving housing affordability.</p>
<p>”The exceptionally low level of interest rates offers some explanation why house prices have not repeated the very sharp falls of 2008,” he said.</p>
<p>Before the MPC began cutting interest rates, the average monthly interest and principal payment represented 38 per cent of average post-tax labour income. Following steep falls in base rates, that has now fallen to 28 per cent of average income, in spite of historically high levels of outstanding mortgage debt.</p>
<p>Because of the stark improvement in affordability, fewer homeowners struggling to keep up with payments have been forced to put their properties up for sale. This reduced supply was also helping to underpin prices, said Mr Gahbauer.</p>
<p>However, he warned that, when considering how house prices might move in the future, low rates could not remain forever. As rates rose to more normal historical levels, much more supply was likely to be seen on the market and recent improvements in pricing could be hard to sustain.</p>
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		<title>Volcker: Money funds weaken financial system</title>
		<link>http://myprnow.com/2009/08/volcker-money-funds-weaken-financial-system/</link>
		<comments>http://myprnow.com/2009/08/volcker-money-funds-weaken-financial-system/#comments</comments>
		<pubDate>Tue, 25 Aug 2009 10:38:29 +0000</pubDate>
		<dc:creator>Free-Press-Release</dc:creator>
				<category><![CDATA[Banking]]></category>
		<category><![CDATA[Investment]]></category>
		<category><![CDATA[Markets]]></category>

		<guid isPermaLink="false">http://myprnow.com/?p=145</guid>
		<description><![CDATA[Money-market mutual funds undermine the strength of the U.S. financial system and should be regulated more like banks, Bloomberg reported former Federal Reserve Chairman Paul Volcker as saying in an interview.
&#8220;Banks remain the functioning heart of the financial system, and they are protected and regulated,&#8221; Volcker, an economic adviser to the Obama administration, told the [...]]]></description>
			<content:encoded><![CDATA[<p>Money-market mutual funds undermine the strength of the U.S. financial system and should be regulated more like banks, Bloomberg reported former <span id="lw_1251193557_0">Federal Reserve Chairman Paul Volcker</span> as saying in an interview.</p>
<p>&#8220;Banks remain the functioning heart of the financial system, and they are protected and regulated,&#8221; Volcker, an economic adviser to the Obama administration, told the news agency.</p>
<p>&#8220;To the extent they have competitors that have different ground rules, kind of free-riders in my view, weakens the financial system,&#8221; the news agency quoted Volcker as saying.</p>
<p>The money market universe came to a stop after the Reserve Primary Fund fell below the $1-per-share mark on mammoth losses from <span id="lw_1251193557_1">Lehman Brothers debt</span>, shocking the many investors who considered money market funds to be super safe.</p>
<p><span id="lw_1251193557_2">Fidelity Investments</span>, <span id="lw_1251193557_3" style="border-bottom: 1px dashed #0066cc; cursor: pointer;">Vanguard Group</span>, <span id="lw_1251193557_4" style="border-bottom: 1px dashed #0066cc; cursor: pointer;">BlackRock Inc</span> (<span id="lw_1251193557_5" style="border-bottom: 1px dashed #0066cc; cursor: pointer;">BLK</span>.N), <span id="lw_1251193557_6">Legg Mason Inc</span> (<span id="lw_1251193557_7" style="border-bottom: 1px dashed #0066cc; cursor: pointer;">LM</span>.N) and <span id="lw_1251193557_8" style="border-bottom: 1px dashed #0066cc; background: transparent none repeat scroll 0% 0%; cursor: pointer; -moz-background-clip: -moz-initial; -moz-background-origin: -moz-initial; -moz-background-inline-policy: -moz-initial;">Federated Investors</span> (<span id="lw_1251193557_9" style="border-bottom: 1px dashed #0066cc; cursor: pointer;">FII</span>.N) are among the biggest firms in the money-market funds business in the United States.</p>
<p>&#8220;In my vision of the new financial system, you obviously want to protect banks and have strong banks, and I don&#8217;t think they should be put at a competitive disadvantage vis-a-vis money-market funds,&#8221; Volcker told the news agency.</p>
<p>Considered a legend in financial markets, Volcker was head of the <span id="lw_1251193557_10">U.S. central bank</span> during the Carter and Reagan administrations, when he pursued an aggressive monetary policy that purged inflation from the U.S. economy.</p>
<p>Volcker is one of few policy-makers in Washington today who has lived through the <span id="lw_1251193557_11" style="background: transparent none repeat scroll 0% 0%; cursor: pointer; -moz-background-clip: -moz-initial; -moz-background-origin: -moz-initial; -moz-background-inline-policy: -moz-initial;">Great Depression</span>.</p>
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		<title>Diamonds Aren&#8217;t Forever As Sales Plummet</title>
		<link>http://myprnow.com/2009/08/diamonds-arent-forever-as-sales-plummet/</link>
		<comments>http://myprnow.com/2009/08/diamonds-arent-forever-as-sales-plummet/#comments</comments>
		<pubDate>Tue, 25 Aug 2009 09:16:11 +0000</pubDate>
		<dc:creator>Free-Press-Release</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Investment]]></category>

		<guid isPermaLink="false">http://myprnow.com/?p=113</guid>
		<description><![CDATA[Diamond sales have plummeted in the recession with the world&#8217;s biggest producer reporting a 99% fall in profits.
De Beers which controls 40% of the rough diamond market, has reduced its workforce by 23% as it digs deep to save cash.
Sales of unpolished diamonds slid 57% while profits in the first six months of the year [...]]]></description>
			<content:encoded><![CDATA[<h2>Diamond sales have plummeted in the recession with the world&#8217;s biggest producer reporting a 99% fall in profits.</h2>
<p><img class="alignleft size-full wp-image-114" title="diamonds" src="http://myprnow.com/wp-content/uploads/2009/08/diamonds.jpg" alt="diamonds" width="400" height="225" />De Beers which controls 40% of the rough diamond market, has reduced its workforce by 23% as it digs deep to save cash.</p>
<p>Sales of unpolished diamonds slid 57% while profits in the first six months of the year tumbled 99% from £192m to £1.83m.</p>
<p>De Beers, with mines in Botswana, South Africa, Namibia and Canada, slashed output and production fell 73% to 6.6 million carats.</p>
<p>It cut overall costs by more than 50% including the massive cull of staff.</p>
<p>&#8220;The industry has been severely impacted by the global economic environment being the most difficult in decades,&#8221; the company said.</p>
<p><img class="alignleft size-full wp-image-115" title="diam necklace" src="http://myprnow.com/wp-content/uploads/2009/08/diam-necklace.jpg" alt="diam necklace" width="180" height="180" />&#8220;De Beers will continue to take a cautious approach in terms of production, sales and cost management, while anticipating the continued steady recovery of the industry,&#8221; the statement continued.</p>
<p>Demand from emerging markets, however, such as China and India, remains positive, the company said.</p>
<p>De Beers, 45% owned by mining group Anglo American Plc  <a title="Anglo homepage" href="http://www.angloamerican.co.uk/" target="_blank"><strong></strong></a> added that the second quarter of the six months had seen a &#8220;significant pick-up in sales&#8221;.</p>
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		<title>Labour Infighting Sends Pound Plunging</title>
		<link>http://myprnow.com/2009/08/labour-infighting-sends-pound-plunging/</link>
		<comments>http://myprnow.com/2009/08/labour-infighting-sends-pound-plunging/#comments</comments>
		<pubDate>Tue, 25 Aug 2009 08:55:43 +0000</pubDate>
		<dc:creator>Free-Press-Release</dc:creator>
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		<description><![CDATA[The brutal Government infighting has sent the pound plunging to a one-week low.
It was the second day running that the pound was hit by events in the world of politics.
Trading floor rumours on Thursday that Gordon Brown was about to quit sent sterling spiralling
The fall continued on Friday as Labour faced up to an electoral [...]]]></description>
			<content:encoded><![CDATA[<h2>The brutal Government infighting has sent the pound plunging to a one-week low.</h2>
<p><img class="alignleft size-full wp-image-105" title="broker at computer" src="http://myprnow.com/wp-content/uploads/2009/08/broker-at-computer.jpg" alt="broker at computer" width="400" height="225" />It was the second day running that the pound was hit by events in the world of politics.</p>
<p>Trading floor rumours on Thursday that Gordon Brown was about to quit sent sterling spiralling</p>
<p>The fall continued on Friday as Labour faced up to an electoral hammering and Work and Pensions Secretary James Purnell became the latest Cabinet minister to resign.</p>
<p>Sterling fell against the dollar to $1.59.</p>
<p>Sterling has dived to $1.60, from the seven-month high of more than $1.66 seen earlier this week.</p>
<p>Analysts blamed the political turmoil for the loss of confidence in sterling.</p>
<p>Mark O&#8217;Sullivan of Currencies Direct said the pound was not likely to recover while the Westminster machinations continued.</p>
<p>&#8220;While this political uncertainty goes on it is bad for sterling,&#8221; he said.</p>
<p>&#8220;If it becomes something like a civil war in the Labour Party then it doesn&#8217;t look good.&#8221;</p>
<div style="width: 400px;">
<p><img class="alignleft size-full wp-image-106" title="prime minister brown" src="http://myprnow.com/wp-content/uploads/2009/08/prime-minister-brown.jpg" alt="prime minister brown" width="400" height="114" />He said a rumour last night that Mr Brown had quit knocked two cents off the sterling/dollar rate and the falls have continued.</p>
<p>He added that political infighting was threatening the pound&#8217;s recovery against the euro.</p>
<p>The pound slumped to its lowest level for nearly 24 years against the dollar in January, but it climbed back above the psychologically important $1.60 level last week as increasing appetite for riskier investments kept it under pressure.</p></div>
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		<title>FTSE Soars On Hopes Of Global Recovery</title>
		<link>http://myprnow.com/2009/08/ftse-soars-on-hopes-of-global-recovery/</link>
		<comments>http://myprnow.com/2009/08/ftse-soars-on-hopes-of-global-recovery/#comments</comments>
		<pubDate>Tue, 25 Aug 2009 08:23:28 +0000</pubDate>
		<dc:creator>Free-Press-Release</dc:creator>
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		<description><![CDATA[The FTSE 100 has continued its upward trend powering to a 10-month high, as markets across the world were boosted by hopes of a global economic recovery.
The Index closed up 45 points at 4896, having briefly passed the 4900 mark, spurred by earlier gains in Asia.
The FTSE has seen almost continuous growth since mid July [...]]]></description>
			<content:encoded><![CDATA[<h2>The FTSE 100 has continued its upward trend powering to a 10-month high, as markets across the world were boosted by hopes of a global economic recovery.</h2>
<p><img class="alignleft size-full wp-image-92" title="stock excahange london" src="http://myprnow.com/wp-content/uploads/2009/08/stock-excahange-london.jpg" alt="stock excahange london" width="400" height="225" />The Index closed up 45 points at 4896, having briefly passed the 4900 mark, spurred by earlier gains in Asia.</p>
<p>The FTSE has seen almost continuous growth since mid July and the value of all British shares has soared by£454bn to £1.44 trillion since early March, when some traders were predicting a depression.</p>
<p>However, the gains have been built on slim trading volumes and are likely to be tested when traders come back to the City from their holidays next month.</p>
<p>Stock market historian David Schwartz said the FTSE had seen its biggest July and August rally since it was created in 1984, as political and economic news suggested the tentative arrival of &#8220;green shoots&#8221;.</p>
<p>Mr Schwartz said: &#8220;The rally that we are seeing in July and August is merely an understanding that economic conditions are improving, which is not what we expected to see during the spring.&#8221;</p>
<p>He predicts the FTSE will continue to rise for the next year before seeing falls.</p>
<p><img class="alignleft size-full wp-image-93" title="ben b again" src="http://myprnow.com/wp-content/uploads/2009/08/ben-b-again.jpg" alt="ben b again" width="180" height="180" />Markets across the world have been boosted by positive comments from US Federal Reserve Chairman Ben Bernanke <a title="Read more about Ben Bernanke" href="http://indepth.news.sky.com/InDepth/topic/Ben_Bernanke"><strong></strong></a> suggesting the US was on the verge of a recovery and a bigger than expected jump in US home sales.</p>
<p>Ben Potter, a research analyst for IG Markets, said Mr Bernanke&#8217;s comments, as well as the positive US housing report were &#8220;the icing on the cake&#8221; for stock markets.</p>
<p>&#8220;It spurred a lot of optimism around the globe that the worst of this crisis is behind us,&#8221; he said.</p>
<p>&#8220;The subprime housing market started this whole fiasco. Now we&#8217;re seeing concrete evidence that it is beginning to mend, which is very positive indeed and one of the final pieces of the puzzle.&#8221;</p>
<p>Markets in Asia soared as the US news reverberated across the globe.</p>
<p>The best performer was Japan&#8217;s Nikkei, which rose 3%, with China&#8217;s main Shanghai index up 1%.</p>
<p>Meanwhile oil is also up above $74 a barrel as confidence rises for economic recovery and amid increased demand.</p>
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		<title>Oil rises towards $68</title>
		<link>http://myprnow.com/2009/08/oil-rises-towards-68/</link>
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		<pubDate>Tue, 18 Aug 2009 11:56:48 +0000</pubDate>
		<dc:creator>Free-Press-Release</dc:creator>
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		<description><![CDATA[Oil rose towards $68 a barrel on Tuesday in line with a broad recovery on Asian and European stock markets after falling the previous day to a two week-low.
U.S. July housing data and producer prices, both due to be released at 8:30 a.m. ET, will provide the next indication of the health of the U.S. [...]]]></description>
			<content:encoded><![CDATA[<p>Oil rose towards $68 a barrel on Tuesday in line with a broad recovery on Asian and European stock markets after falling the previous day to a two week-low.
<p>U.S. July housing data and producer prices, both due to be released at 8:30 a.m. ET, will provide the next indication of the health of the U.S. economy, offering direction to markets. Investors are also awaiting weekly U.S. fuel inventory reports to be released on Tuesday and Wednesday for the latest sign of demand from the world&#8217;s biggest energy user.</p>
<p>U.S. crude for September delivery was up 84 cents at $67.59 a barrel. It had settled 76 cents lower at $66.75 on Monday, off a two-week low of $65.23 earlier. </p>
<p>&#8220;Weakness of the dollar, rising stock markets and hurricane related risks to disruption in the U.S. are supportive to all energy markets today,&#8221; said Carsten Fritsch, oil analyst at Commerzbank.</p>
<p>&#8220;However, I think these are short term support to oil prices. The inventory data later should confirm these hurricane risks are exaggerated as inventories are so high it can cope with some disruptions,&#8221; Fritsch added.</p>
<p>The release of weekly API fuel inventory data later in the afternoon will be followed by U.S. government figures from the Energy Information Agency on Wednesday with expectations crude stockpiles will have risen for the fourth straight week.</p>
<div class="inStoryHeading">Inventories</div>
<p>A preliminary Reuters poll of analysts predicts crude stocks rose by 1 million barrels, as higher imports offset a slight increase in refinery activity.</p>
<p>Distillate stocks were seen up 400,000 barrels and gasoline stocks down 1.4 million barrels.</p>
<p>The previous session&#8217;s sell-off in oil and equities markets was prompted by concerns over the pace of global recovery.</p>
<p>U.S. equities suffered their worst loss in seven weeks on Monday while Chinese shares saw their biggest daily percentage drop in nine months.</p>
<p>The U.S. dollar weakened against a basket of currencies on Tuesday, helping to underpin oil&#8217;s gains. A weaker dollar makes commodities priced against the currency cheaper and therefore more attractive to investors.</p>
<p>Oil investors continued to monitor the growth of Hurricane Bill, the first of this year&#8217;s season, which might disrupt Gulf of Mexico oil and gas production.</p>
<p>Hurricane Bill was expected to strengthen to a major category 3 storm by Wednesday, while the remnants of Tropical Storm Ana dissipated without threatening the U.S. Gulf oil patch, the U.S. National Hurricane Center said.</p>
<p>Energy markets are jittery over Gulf storms because the region produces a quarter of U.S oil and 15% of its natural gas.&nbsp;<a href="http://money.cnn.com/2009/08/18/markets/oil.reut/index.htm?postversion=2009081807#TOP"><img src="http://i.cdn.turner.com/money/images/bug.gif" alt="To top of page" border="0" width="7" height="7" /></a></p>
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