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Archive for October, 2007

Riding Stock-Market Rockets

by admin on Oct.09, 2007, under General News

It is very hard not to fixate on Google and Apple and their stock prices. It is very easy to invoke the doomsayer stance and point out that valuations are insane.

However, while history normally proves that stock-market stars are generally destined for a rapid descent, history also demonstrates that naysayers are left on the sidelines at a very early stage, bitterly muttering about tulip bulbs and other crashes.

Time and again, the money to be made in stellar stocks comes not from an ability to be brave enough to buy them, but from being smart enough to know when to jump off.

This is an exceptionally difficult trick to master as the investor must at one point be incredibly greedy on the way up, then be amazingly decisive to sell at a point where there is little information to go on.

Stellar stocks are very volatile and any investor tough enough to hold on through all the turbulence is just the sort of investor to tough it out all the way down once the actual high is passed and the crash is under way.

This was a large part of the pain of the dot-com collapse. Evangelical investors, who had been rewarded as stock-picking maestros during the rise of the bubble, had been trained to hold on through all kinds of volatility. This tenacity was profitable on the way up, but devastating on the way down.

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South American leaders refocus Mercosur trade bloc on needs of poor

by admin on Oct.09, 2007, under Trade & Market

RIO DE JANEIRO, Brazil: South American leaders sought to refocus their fractured trade bloc on the needs of the region’s poor masses at a summit Thursday, while Venezuelan President Hugo Chavez called for remaking Mercosur to fit his vision of “21st century socialism.”

Brazilian President Luiz Inacio Lula da Silva, hosting the two-day summit attended by all of the continent’s leaders except Peru’s Alan Garcia, said it is time for the region to map its own economic future to benefit South Americans who live with little hope for the future.

“Integration depends only on us. It doesn’t depend on the United States, Europe, Japan and China. It depends on our courage and political competence,” Silva said.

Chavez, an avowed socialist, went farther — saying he wants to “decontaminate” South America’s main trade bloc of U.S.-supported free market policies and privatization of state industries that swept throughout the region over the last decade. (continue reading…)

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Vietnam officially becomes 150th member of WTO, entering new era of trade, investment

by admin on Oct.09, 2007, under Trade & Market

HANOI, Vietnam: After years of negotiation and anticipation, Vietnam officially became the 150th member of the World Trade Organization on Thursday, opening the door to a new era of trade and investment in one of Asia’s fastest-growing economies.

Vietnam will be required to slash tariffs and open previously closed sectors of its economy to foreign investors. While many of the changes will take effect immediately, others will be phased in. Foreign banks, for example, won’t be allowed to open their own branches until April 1.

Vietnam, in turn, will have increased access to foreign markets and a neutral arbiter to hear disputes that arise with its bigger, more powerful trading partners. It will also benefit from the increased demand for goods and services that increased foreign investment brings.

At the WTO’s Geneva headquarters, a giant blue banner read: “Welcome, Bienvenue, Bienvenido, Vietnam.” (continue reading…)

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Market zooms 260 points, Infy Q3 leads rally

by admin on Oct.09, 2007, under Trade & Market

Even though the stock market surged over 250 points on Thursday mostly on the back of good results of Infosys and HDFC Bank, the company stock fell by almost 3 per cent in the morning trade.

The market recovered ground on Thursday after a consistent fall in five trading sessions. Sensex picked up in early trade on the back of sustained buying activity across index heavyweights.

IT bellwether Infosys also contributed to this rally.

At closing, the BSE Sensex surged 268.55 points or 2.01% to 13,630.71 and Nifty was up 91.95 points or 2.39% at 3,942.25. The Sensex, which witnessed a shaky start for the day’s trading session, caught steam as the day progressed and it surged over 300-points in late session to strike an intra-day high of 13667.80.
(continue reading…)

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Sensex, Nifty zoom to touch all time high

by admin on Oct.09, 2007, under Trade & Market

The market opened with a bang on Monday as Sensex touched 14,200 in the opening trade. Sensex and Nifty hit all time high, led by gains in Reliance Industries Ltd and Infosys Technologies Ltd. Buoyed by the positive start to the third quarter earning season, investors seem to have increased their appetite for stocks as heavyweights across sectors witnessed heightened buying interest in early trade. The market extended gains from Friday, as buying continued on back of firm global markets, and on resumption in FII-buying.

At 10:50 am the BSE Sensex was up 95.15 points or 0.68% at 14,151.68. It had surged to an all-time high of 14,200.41, in early trade, the low for the day being 14, 110.44. The previous high of 14,070.88 was set on Jan 12.

The Nifty was up 28.40 points or 0.70% at 4,080.85.

The earnings season has had a sound start with Infosys, HDFC Bank and UTI Bank unveiling (continue reading…)

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City of Vancouver business licenses

by admin on Oct.09, 2007, under Export Import

Accel Human Performance, 16111 S.E.McGillivray Blvd., No. C, Brandon Evenson and Cory Gilday, owners, personal training clinic.

All For Care Adult Family Home Inc., 14808 N.E. Sixth St., Lavinia Lomnasan, owner.

Ana Penelope Goode, Attorney at Law, 4714 N.E. 72nd Ave., No. H30, Ana Penelope Goode, owner.

Assist2Sell Realty Experts, 108 S.E. 124th Ave., Timothy Nelson and Joseph Tan, owners.

Beauty Passport, 17711 19th Circle, Katsushi Shimakage, owner, import/export business.

Bob’s Painting and Pressure Washing, 8618 S.E. Evergreen Highway, Robert Niquette, owner.

Cab Surgical Services, 9001 N.E. 19th Circle, Cindy Blakney, owner. (continue reading…)

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HCM City frames up furniture fair

by admin on Oct.09, 2007, under Export Import

The Viet Nam International Furniture and Home Accessories Fair (VIFA) will be organised by the joint-stock company Lien Minh (HAWA Corp), a member of the association.

VIFA 2008 will be held between March 14 and 18 at Phu Tho Stadium in HCM City’s District 11.

The fair will display handicrafts and furniture, interior furnishing and accessories and equipment and tools for wood manufacturing and processing, according to Nguyen Ba Tuan, director of HAWA Corp.

Tuan said this is the second annual event held by the association. Since 2005, HAWA, in co-ordination with HCM City’s Trade Department, has held annual handicraft and wood product expositions in October.

The new annual fair in March will offer another opportunity for Vietnamese wood processing enterprises to meet prospective foreign customers. (continue reading…)

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