| NYMEX to Launch 11 New Balance of Month Petroleum Products Swap ...
NEW YORK, Nov. 20 /PRNewswire-FirstCall/ -- The New York Mercantile Exchange, Inc. today announced that it will introduce 11 new balance of month (BALMO) petroleum products swap futures contacts on NYMEX ClearPort clearing and trading, beginning on December 2 for trade date December 3. The new BALMO contracts will be cash-settled based on the balance of month average Platts price starting from the day of execution through the last trading day of the contract month. These contracts allow users to customize the balance of month period by selecting the start date of the BALMO averaging period. The first listed month will be the December 2007 contract, and the next contract month will be listed 10 business days before the start of the contract month. The new swap futures contracts and their commodity codes are: Singapore 180cst fuel oil BALMO (BS); Singapore 380cst fuel oil BALMO (BT); Singapore jet kerosene BALMO (BX); Singapore gasoil BALMO (VU); Singapore naphtha BALMO (KU); Dubai crude oil BALMO (BI); European 3.5% fuel oil (Northwest Europe) BALMO (KR); European 1% fuel oil (Northwest Europe) BALMO (KX); European naphtha BALMO (KZ); New York Harbor 1.0% fuel oil BALMO (VK); and Gulf Coast 3% fuel oil BALMO (VZ).
Revamped STI offers greater opportunities
Wednesday's launch of a new slimmed-down Straits Times Index for the Singapore Stock Exchange is likely to increase opportunities for the creation of more structured products, such as index warrants and exchange-traded funds. The revamped STI will include only 30 stocks, down from 47, and will be accompanied by 18 other sector indices, up from 12. .
Obama stays close in race as Republican rivals lag
Who knows what eventually could turn out, just like so many fancy stocks during the dotcom craze days eventually turned into dogs and lemons in the aftermath of the dotcom meltdown. Obama might just become another Crispy Cream, which had so much anticipation and later so mcuh disappointment. .
Petrominerales Tests Oil From Lower Zones in Corcel-3 and Cases Ojo De ...
Such factors include, but are not limited to: general economic, market and business conditions; fluctuations in oil prices; the results of exploration and development drilling, recompletions and related activities; timing and rig availability, outcome of exploration contract negotiations; fluctuation in foreign currency exchange rates; the uncertainty of reserve estimates; changes in environmental and other regulations; risks associated with oil and gas operations; and other factors, many of which are beyond the control of the Company. There is no representation by Petrominerales that actual results achieved during the forecast period will be the same in whole or in part as those forecast. Except as may be required by applicable securities laws, Petrominerales assumes no obligation to publicly update or revise any forward-looking statements made herein or otherwise, whether as a result of new information, future events or otherwise.
Profile: Guy Hands
He's invested in deals where others haven't seen value, and the whole nature of those investors is that sometimes they get it right and sometimes they get it wrong. Guy has obviously seen some value at EMI." The big question, as much for the listening public as for the rockers who have had it so good for so long, is where? Founded in 1931 as Electrical and Musical Industries, EMI has been one of the glories of the British entertainment scene, boasting on its roster the Beatles, Pink Floyd, Queen and the Sex Pistols. But the good times ended long ago, and the company's recent history has been a succession of crises. In 2001, it signed Mariah Carey, the five-octave human wonder, to a record breaking, five-album contract, but after her first effort flopped had to pay her £35 million to go away again.
and the Chicago riot
Kennedy upset veteran Vice President Richard M. Nixon. One of the key factors in Kennedys victory was his expert handling of television as a campaign tool. Nixon, after suffering another crushing defeat in the California gubernatorial elections bounced back to win the presidency over Hubert H. Humphrey and a key factor in the Republican Party victory was the TV coverage of the Chicago police brutality against demonstrators. The brunt of the accusation was laid on the doorstep of Chicagos political boss, Mayor Richard Daley. Among the victims of police brutality were famous print and TV journalists. A book on media history, The Press and America, by Edwin Emery and Michael Emery reports that news media suffered some 70 injuries at the hands of the police, equally divided between print and electronic media.
Fear of unemployment stalks high-flyers in high-rise offices
If New York is often likened to a movie set, the scenes playing out on Wall Street involve a cast of hard-drinking, despondent, young men. "Picture a movie from the 1940s, Bogey is sitting at the bar with a bottle of scotch, three quarters done - that pretty much sums up Wall Street at the moment," says Howard Silverblatt, a senior index analyst for Standard & Poor's in New York. "Everybody is waiting to see the bottom. When you know where that is going to be, you can deal with it, but at the moment we can't see the bottom. Two shoes have already dropped, but how many more will there be?" Andy Brooks, the head of listed stock trading for T Rowe Price, the fund manager, adds: "These are extraordinary times and it is very emotional out there. I haven't seen so much uncertainty in the market since the start of the Iraq war.
Horse racing: Racing's rulers frustrated as Levy yield set to stay ...
Only the bookmakers expressed satisfaction yesterday as the minister for sport, Gerry Sutcliffe, announced the basis on which racing would be financed from April. As expected, Sutcliffe ignored all pleas to favour one side or the other and decided that the present Levy scheme should continue for another year. "Despite thorough consideration I have not been wholly persuaded by the submissions of either the bookmakers' committee or the British Horseracing Authority," said Sutcliffe, whose written statement concluded with sharp words to both sides. .
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