Canada's central bank reduced its key interest rate by a quarter of a point on Tuesday, citing the nation's need to stimulate its economy to lessen the effects of an American recession. On October 8th the Bank of Canada, joined by other world banks, slashed rates in a unified effort to calm the global economy; Canada's is the first central bank to make additional cuts following that action. The rate now stands at 2.25 percent. Let us hear your thoughts below:
Again on Tuesday, oil prices dropped sharply to below $72 a barrel as the U.S. dollar gained ground on the euro. Commodity trends often oppose those of currency; as the dollar falls, investors are likely to lean into commodities, selling off when the currency strengthens. Crude oil prices are now half of what they were in July, when an all-time high of $147.27 was reached. Friday's OPEC meeting should shed more light on the future of crude prices; a hefty production decrease could stave off a sharp drop, although severely decreasing global demand has some experts expecting prices as low…
Stocks were mostly down on Tuesday, as a wave of disappointing quarterly results hit several of America's largest companies. In addition, losses were attributable to investors looking for a quick return on Monday's significant gains. Due to the current state of the markets, these fluctuations are to be expected. Harry Clark, CEO of Philadelphia's Clark Capital Management, commented on present conditions: "It's just this back-and-filling stuff. It's driven by earnings, yes, but also emotion. It's going to be this tug-of-war for a couple weeks at least." Let us hear your thoughts below:
For quite some time, in the not-too-distant past, it was widely believed that ethanol derived from corn was going to be the new wave in renewable energy. What would be better than turning crops that could be provided by the American farmer into decreased dependency on foreign oil? The problem with corn, when all is said and done, is that it happens to be a terrible candidate for producing ethanol. Studies have shown that it takes more energy to produce the corn required to make a gallon of ethanol, than that same gallon provides. Dave Pimentel, a professor at Cornell…
Stem Cell Therapy International Corp. (SCII.OB), which is in the process of formally changing its name to AmStem International, is on track to become one of the largest providers of cord blood stem cells in the world. AmStem, already successfully pursuing U.S. and European stem cell markets, is now positioning itself as a major player in Asia through its acquisition of Korean stem cell company HistoStem, the largest cord blood bank facility in the world (the nearest competitor is less than half as big). HistoStem is the only company in Korea approved by the Korean FDA to provide stem cells…
NetSol Technologies, Inc., a global provider of enterprise financial software solutions, announced today the successful launch by Nissan Financial Services Australia (NFSA) of its business operations using NetSol’s package of leasing and finance applications. The implemented product package included NetSol Financial Suite, Credit Application Processing System, Contract Management System, and Wholesale Finance System. NFSA’s Executive Director, George Leondis, stated “We are very pleased with the sustained commitment of the NetSol team, the dedicated on-site resources, and how they understood the importance of streamlining the business process to suit the fast paced Australian auto finance market. Nissan Australia sees NetSol as…
Performance Health Technologies, Inc. (PFMH.OB) has put the element of fun into rehabilitation protocols. Rather than using traditional apparatus like weights and elastic bands to perform rehabilitation movements, Performance has developed a proprietary system that turns the rehabilitation into a wireless, game-like challenge. The Core:Tx® for Professionals has been designed to add an entertainment challenge to the repetitive movements required during rehabilitation. The Core:TX® is built on Performance’s unique MotionTrack™ platform and is available to therapists and healthcare professionals working with patients recovering from neuromuscular conditions such as joint injuries. The system is compatible with any personal computer with the…
The Miami, Florida Company SkyPostal took a major step towards expanding their organization when they signed a contract with Deutsche Post’s DHL Global Mail earlier this year. While SkyPostal has been a major player by focusing on delivering mail to the Latin American-Caribbean region, this new partnership allows the company to expand its services to Europe. The contract is anticipated to significantly increase SkyPostal’s revenues. Current statistics of mail delivery indicate that 12% of the international mail coming from the United States goes to the Latin America-Caribbean (LAC) region. In contrast, an estimated 35% of U.S. international mail is delivered…
The subscriber base for the QualityStocks Daily Newsletter was just over 100 when we first started in January of 2006, but since then we have grown exponentially to reach over 700,000 subscribers. Our micro-cap and small-cap newsletter is unlike any other newsletter. When investors read the FREE QualityStocks Daily Newsletter, they are actually viewing data collected from hundreds of small-cap and micro-cap online investment newsletters. Our name, QualityStocks, emphasizes our commitment to connect subscribers with companies that have huge potential to succeed in the short and long-term future. We believe strong management and vision for the future are crucial for…
Most natural gas and oil companies would be happy with a few producing wells pumping out a respectable amount of oil and gas. Some, however, do their homework to find a location where many wells pump many barrels or cubic feet. A company that can recognize its position quickly, and develop it to maximize a variety of revenue streams quickly, is one that will become a solid long term player in any marketplace. New Frontier Energy Inc., an oil and gas exploration and development company, works to explore and exploit oil and natural gas deposits primarily along the Colorado/Wyoming boarder.…
