Tuesday, August 5, 2008
Fed Cut
IF FED WILL WONT CUT RATES IT WILL BE GREAT BOOST TO EQUITY MARKETS AS CRUDE WILL GO DOWN DOLLAR WILL GET STRONG AND YEN WILL WEAKEN AND CARRT TRADE WILL START
CRUDE IN BEAR MARKET
CRUDE IN BEAR MARKET .... IN USA ANYTHING WHICH CRASHES 20 % FROM HIGH IS DEFINED AS IN BEAR MARKET ..CRUDE HAS CRASHED 21 % ..AND ONE MORE THINGS MANY HEDGE FUNDS R FULL WITH CRUDE AND THEY R FEELING THE BRUNT ...CRUDE WILL TOUCH 70$
FOMC meeting tonight
FOMC meeting tonight - chances are that this time 3 Fed officials would dissent against keeping the rates unchanged.This could support the USD,and would be negative for bullion.
RNRL
AND WITH AMAR SINGH IN FULL CONTROL ..RNRL MAY GET GAS @ 3 $ WHEREAS INTERNATIONAL GAS PRICE IS 12 $
RNRL - Reliance
Reliance Industries on Thursday informed the Bombay High Court that it would incur losses in the range of $600-900 million annually if it supplies gas to Anil Ambani-owned Reliance Natural Resources Ltd at 2.34 dollars per mmBtu. READ THIS AS RNRL WILL GAIN 900MILLION USD EVERY YEAR ..WHEAREAS ITS MARKET CAP IS 4 BILLION USD
Polaris
In connection with this transaction, Polaris has sold 462,100 Equity Shares in AIG SystemsSolutions Pvt Ltd ("AIGSS") for a sale consideration of about Rs 23.26 Crores to AIGOffshore Systems Services Inc. USA. 11.24 annoucement
Aban Offshore
Aban Offshore Ltd has informed BSE that a Letter of Intent has been received for deployment of the new built jack-up rig "Deep Driller 8" offshore India for a two firm well + two optional well program. The firm period of the Contract, expected to commence following the delivery of the rig from the yard in the first quarter of 2009, is likely to last for 150 days with an estimated revenue of USD 30 million during the firm period. todays 11.15 annoucement