| DMCC names new Executive Director of Gold and Precious Metals
MacDonald takes over from Colin Griffith, who has held this position for the last four years. This move comes as DMCC works to consolidate the strides the division has made under Griffith and build upon those successes. In his new role at DMCC, spearheading the Gold & Precious Metals division, MacDonald will focus on further enhancing Dubai's role as a global centre for the gold and precious metals trade, through broadening local market horizons in refining, manufacturing and trading skills. He will also oversee business development, strengthen stakeholder relationships and develop new products while promoting best practices in the local and regional markets. MacDonald will also explore and develop DMCC-branded commodities-based investment vehicles to grow DMCC's current footprint in the precious metals sector.
Stocks Finish Higher After Pullback
Stocks began the day lower amid concern about a rise in consumer prices and lackluster readings on home construction. But observers said the economic figures ultimately didn't prove all that surprising given a recent run-up in oil prices and the well-documented woes of the housing sector.
.
Mammograms Might Spot Stroke Risk
WEDNESDAY, Feb. 20 (HealthDay News) -- In addition to detecting breast cancer in its early stages, new research suggests that mammograms may also help predict which women are at risk for strokes. Calcifications found in the blood vessels of the breasts -- what doctors call benign arterial calcifications -- were more commonly found on the mammograms of women who had suffered a stroke, said Dr. Paul S. Dale, chief of surgical oncology at the University of Missouri's Ellis Fischel Cancer Center. He is the lead author of the research, which was expected to be presented Wednesday at the American Stroke Association's International Stroke Conference in New Orleans. Previous studies, including some by the University of Missouri team, have found a link between these calcifications, which are not cancerous, and the risk of diabetes, heart disease and stroke.
Market Report: Miners lord it as copper and platinum spike up
Strong commodities took the miners to the top of the FTSE 100 index yesterday. Lower inventories and more power cuts at South African mines prompted a spike in the price of copper and platinum which, in turn, lifted companies such as Vedanta, which climbed 6.8 per cent to 2,022p, and Lonmin, which, despite its extensive South African operations, climbed 6.25 per cent to 3,300p. Other miners also gained, including BHP Billiton, up 4.9 per cent to 1,555p, Rio Tinto, up 5.4 per cent to 5,523p, and Anglo American, up 4.7 per cent to 3,061p. The sector-wide rally also helped lift Xstrata, which firmed 0.4 per cent to 3,819p despite reports suggesting that it had spurned a £40-per-share indicative offer from Vale, its Brazilian suitor. Most in the market were unsurprised by the news, noting that, if Vale had indeed made the approach at the price claimed, it was always likely to be rejected.
POWER TRANSFER Economic Reckoning Looms In Argentina's Election
Shell's problems started in 2005 when it raised pump prices in line with rising international oil prices. Mr. Kirchner immediately used his bully pulpit to call for a boycott of Shell, urging Argentines to refrain from buying "even a can of oil." The company quickly rescinded a gasoline price increase after pro-government protestors marched on its service stations. Things got hotter for Shell last December when the government accused it of failing to stock sufficient supplies of diesel fuel. Using the 1974 antihoarding law promulgated under Mr. Perón, Mr. Moreno has levied fines of almost $20 million against the company and sought jail time for the company's local president, an Argentine citizen. Shell, which says it did nothing wrong and is contesting the charges in an Argentine court, maintains it is being singled out for harsh treatment.
Gold hits new high in $A price
The gold price in Australian dollars has hit an all-time high, closing the week at over $A940 per ounce, after the price in US dollars rose on Friday night and the "Aussie" eased. Mining consultants Surbiton Associates Pty Ltd said on Sunday the spot price for gold closed at $US823.75 and the Australian dollar at 87.39 US cents - equivalent to an Australian spot gold price of $A942.61 per ounce and well above the daily high of $A933.20 on May 12, 2006. "This record price may have gone higher, but the Australian dollar strengthened late on Friday, which tended to dampen the upward movement in Aussie dollar terms," Surbiton director Dr Sandra Close said. "At current exchange rates, a half-cent change in the Australian dollar moves the Australian gold price by about $A5 an ounce." Dr Close said that unlike the Australian-dollar gold price, the US-dollar gold price was yet to break its all-time high.
Friday, January 25
.icoVid{background:url(http://msnbcmedia1.msn.com/i/msnbc/Components/Art/SITEWIDE/Icons/iVideo.gif) no-repeat center;padding-left:14px;text-decoration:none;position:static;} .icoVid:hover,.icoVid:visited:hover{text-decoration:none} .icoSli{background:url(http://msnbcmedia2.msn.com/i/msnbc/Components/Art/SITEWIDE/Icons/iSlides.gif) no-repeat center;padding-left:14px;text-decoration:none;position:static;} .icoSli:hover,.icoSli:visited:hover{text-decoration:none} .icoDis{background:url(http://msnbcmedia3.msn.com/i/msnbc/Components/Art/SITEWIDE/Icons/iDiscuss.gif) no-repeat center;padding-left:14px;text-decoration:none;position:static;} .icoDis:hover,.icoDis:visited:hover{text-decoration:none} .icoNew{background:url(http://msnbcmedia4.msn.com/i/msnbc/Components/Art/SITEWIDE/Icons/flag_new.gif) no-repeat center;padding-left:23px;text-decoration:none;position:static;} .icoNew:hover,.icoNew:visited:hover{text-decoration:none} .icoUpd{background:url(http://msnbcmedia3.msn.com/i/msnbc/Components/Art/SITEWIDE/Icons/flag_updated.gif) no-repeat center;padding-left:40px;text-decoration:none;position:static;} .icoUpd:hover,.icoUpd:visited:hover{text-decoration:none;} Skip navigation .
Care about the environment? Eat less meat
If we were to cut back on eating meat, we might as well cut back on the amount of corn being farmed, which today is being more and more used in the bio fuel industry, because then we wouldn't use as many tractors, which emit tons of emmisions. There are so many things that we can do to save the environment, and I am certainly all for that, cutting back on the amount of gas and travelling I do/use, and turning off/unplugging my appliances when not in use, but something such as cutting back on the meat I eat will certainly not be something I will commit to. Growing up on a farm has taught me so much, lessons of hardships and turmoil, lessons which I would have never been able to learn of I were to have grown up as a 'city kid.' People in the cities do not realize how important the agriculture industry is to them, and one day if the criticism of farmers is to continue, farmers may disappear entirely.
|
