Archive | February, 2005

Consolidation of Small E&P’s a Focus of Wall Street Transcript Exploration & Production Issue

67 WALL STREET, New York–February 14, 2005–The Wall Street Transcript has just published its Exploration and Production Issue, a report offering a timely review of the sector to serious investors and industry executives in the Energy Industry. This 84-page feature contains a roundtable forum, commentary from 2 research analysts and top management of 13 firms. […]

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Analysis: The Kremlin’s majority share

By Peter Lavelle – MOSCOW — Russia’s Natural Resources Ministry announced on Thursday that foreign companies would be banned from bidding for large strategic oil and metal deposits in 2005. The ministry’s decision mandates that bidders for deposits will have to be at least 51 percent Russian owned. This Kremlin-sanctioned move is another example of […]

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Russian Central Bank wants to become a serious policy maker

MOSCOW, February 9. (By Marina Pustilnik RIA Novosti commentator). Last week the Central Bank of the Russian Federation announced that it began targeting the ruble exchange rate against a euro-dollar basket. The bank said in a statement it had begun targeting a dual currency basket – made up of 90 U.S. cents and 10 euro […]

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US Swine Economics Report

By Ron Plain – According to USDA/NASS, there were 69,420 hog operations in the U.S. in 2004. That was 4,300 fewer than in 2003 and 591,130 fewer than in 1980, the last year in which the number of hog farms increased. The percentage decline in farm numbers from 2003 to 2004, 5.8%, was much smaller […]

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Oil cools and metals lose shine

London _ Oil prices fell last week on easing supply worries with the end of winter approaching in the northern hemisphere, Opec’s move to maintain output and relatively smooth Iraqi elections. But metals were led lower by gold amid speculation that the International Monetary Fund could sell gold reserves under pressure from Group of Seven […]

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Commodity derivatives — An alternative hedge

By B. Venkatesh – Commodity derivatives will enable banks and mutual funds gain exposure to alternative investments. Exposure to commodity-linked products will increase a portfolio’s risk-adjusted returns. THE Government is likely to allow banks to trade in commodity derivatives. The proposal may well extend to other institutions such as mutual funds and foreign institutional institutions. […]

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BoE’s King says EU, US, Asia must acknowledge forex interdependency

LONDON (AFP) – Bank of England governor Mervyn King said that Europe, the US and Asia must acknowledge their interdependency on the foreign exchange front, instead of blaming each other for large forex movements. Speaking at the Advancing Enterprise conference ahead of the G7 meeting, King said large countries “cannot ignore their interdependency” when it […]

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Options Industry Sets New Monthly Volume Record

Two back-to-back trading days join top 10 highest days on record CHICAGO, Feb. 2 /PRNewswire/ — The Options Clearing Corporation (OCC) and the Options Industry Council (OIC) announced today that January 2005 set a new monthly volume record when 117,440,711 total options contracts traded, 2.66 percent higher than the previous record, set in January 2004. […]

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Chicago Mercantile Exchange Reports Record 2004 Revenues and Earnings, Driven by Record Volume and Growth of Electronic Trading

Quarterly Dividend Increased by 77 Percent CHICAGO, Feb. 1 /PRNewswire-FirstCall/ — Chicago Mercantile Exchange Holdings Inc. (NYSE: CME – News) today reported record revenues and earnings for 2004, driven by strong volume growth, including a 71 percent increase in electronic trading. Net revenues climbed 37 percent to $733.8 million for 2004, compared with $536.0 million […]

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