Archive for August, 2007

U.S. to Auction Most Three-Month Bills Since 1990

Friday, August 24th, 2007

The U.S. Treasury today said it will sell the most three-month bills since at least 1990, and the largest amount of six-month bills in more than a year amid an increase in investor demand for the safest securities.
The Treasury will auction $24 billion in three-month and $19 billion in six-month bills on Aug. 27. It […]

ECB Plans 3 Month Money Auction

Wednesday, August 22nd, 2007

The European Central Bank indicated it may still raise interest rates in September and announced an extra 40 billion euros ($54 billion) three-month loan to ease lending between commercial banks.
The Frankfurt-based bank responded to speculation that it may hold off raising interest rates on Sept. 6 by saying it’s sticking to the policy stance expressed […]

Indonesian government to sell Rp 3 trillion bonds in open auction on Aug. 28

Wednesday, August 22nd, 2007

The government is set to sell local currency bonds worth Rp 3 trillion (US$330 million) in an open auction on Aug. 28 to meet part of the financing target set in the 2007 state budget and to form a benchmark in 2028.
The state bonds up for auction will be the fixed-rate FR0047 series due on […]

Agilysys Initiates Self-Tender Offer for up to 6,000,000 of Its Outstanding Common Shares

Tuesday, August 21st, 2007

Press Release
Agilysys, Inc. , a leading provider of IT solutions, announced today that it has initiated a “Dutch Auction” tender offer, for up to 6,000,000 Agilysys common shares at a price not less than $16.25 nor greater than $18.50 per share, to the seller in cash, less any applicable withholding taxes and without interest. The […]

Uranium slumps 14%

Tuesday, August 21st, 2007

Uranium dropped 14% last week as supply beat demand and the US Department of Energy prepared to sell inventories of the metal used to fuel nuclear reactors, said industry pricing service Ux Consulting LLC.
Uranium for immediate delivery fell US$15 to US$90/lb, Roswell, Georgia-based Ux said on Monday in its Ux Weekly report.
The weekly […]

Indian Spice Board introduces e-auction for cardamom trading

Tuesday, August 21st, 2007

The Spices Board has introduced electronic auction in cardamom trading with a view to promoting transparency in transactions and discouraging formation of cartels in the sector.
The e-auction system would be launched by Minister of State for Commerce Jairam Ramesh on August 23 in Tamil Nadu’s Bodinayakanur, which is a major assembling centre for cardamom […]

Nellson Nutraceutical for Auction

Tuesday, August 21st, 2007

Bankrupt diet-foot maker Nellson Nutraceutical Inc. is headed for the auction block Wednesday, over protests of key creditors who say now is no time to sell the company.
Weakened credit markets mean Nellson will bring “a fire-sale price,” according to papers filed last week by an informal committee of first-lien lenders, whose members own about 45.7 […]

Coimbatore tea auction

Monday, August 20th, 2007

Mixed price trend persisted in the Coimbatore tea auction held last week, with leaf teas quoting dearer by Re 1 to Rs 4 a kg and dust selling Re 1 to Rs 2 easier per Kg, industry sources said on Monday.
With shippers to CIS Countries operating with fair strength in the orthodox leaf grade, a […]

Greece to auction 1.2 bln eur in 15-year fixed rate bond

Friday, August 17th, 2007

Greece will auction a 1.2 bln eur 15-year bond on August 21st, which will have a fixed rate of 4.7 pct, said the Greek Public Debt Management Agency (PDMA).
The settlement date for the bond is August 24th, its maturity date is March 20, 2024 and the first interest for the bond will be paid out […]

Kenya coffee auctions rise 14percent

Friday, August 17th, 2007

Coffee sold at the Kenyan auction rose by 14 percent to 45.5 million kg in the 2006/07 season and earnings increased to $131 million from $118 million previously, managers of the weekly sale said on Friday.
The average price for beans sold dropped to $132.13 per 50-kg bag compared with $135.52 in the previous season, according […]