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Thu, Aug 28 2008 (GMT)

Weekly Latest Performance

Date	GBP/USD
25 Aug 2008	0
26 Aug 2008	0
27 Aug 2008	46
28 Aug 2008	0
29 Aug 2008	0
Total	46

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US Men's Volleyball Team Wins Gold
Sun, 24 Aug 2008 03:19:01 GMT

For the first time in 20 years, the United States men's volleyball team on Sunday won the Olympic gold medal with a 3-1 victory over defending champion Brazil. The U.S. team entered the finals after defeating Russia.

Indian equities likely to stage a rebound next week
Sat, 23 Aug 2008 05:42:29 GMT

The Indian market may open higher on Monday following a sharp fall in the price of oil and gains in US stocks on Friday. Subsequently, in the absence of additional triggers to generate buying interest, traders may look at global cues for market direction.

Barack Obama Chooses Joe Biden As His Vice President
Sat, 23 Aug 2008 04:10:59 GMT

After weeks of speculation, Barack Obama announced his choice for Vice-President early Saturday morning naming Delaware Senator Joe Biden as his running mate. Biden, 65, was first elected to the Senate in 1972. He has remained a there for 36 years, the chairman of several influential committees. The Delaware Senator's foreign policy experience and "elder statesman" presence on Capitol Hill are expected to balance out some of Obama's perceived weaknesses in experience. The duo will appear sid

Economy's Health Hinging on Credit Market Recovery?
Fri, 22 Aug 2008 18:11:44 GMT

The markets seem to be overwhelmed by worries over the state of the financial firms and its impact on the credit markets, and in turn the broader economy. The roller coaster ride witnessed recently by the market is being controlled by news about financial firms and the price of oil. On the economic front, things aren't any brighter. Wachovia Securities expects the second half of 2008 to be very challenging. The housing market is still in the throes of a downturn and is unlikely to resurge anytime soon, as mortgage rates are continuing to climb amid negative news on the health of financial firms.

Wall Street Closes Sharply Higher On Friday But Down For The Week
Fri, 22 Aug 2008 16:39:02 GMT

Stocks turned in a standout performance on Friday, as a sharp drop in oil prices prompted investors to look for bargains. Strength in the financial sector also contributed to the buying interest on Wall Street.

Amgen Reveals FDA Approval For Blood Platelet Drug, Nplate - Update
Fri, 22 Aug 2008 15:48:39 GMT

Friday, Amgen Inc. (AMGN), a biotechnology company, announced U.S. Food and Drug Administration or FDA approval for its platelet producing drug, Nplate or romiplostim. Nplate is indicated in the treatment of chronic immune thrombocytopenic purpura or ITP.

Russian forces leave Georgia, West slams "maintenance of buffer zones"
Fri, 22 Aug 2008 15:30:07 GMT

Russian combat forces deployed in Georgia following a brief war that erupted earlier this month have reached the final stages of withdrawal Friday, leaving about 2,500 peacekeeping troops around the breakaway regions of Abkhazia and South Ossetia, the focus of the recent conflict.

Oil Prices Pull Back Sharply After Yesterday's Rally
Fri, 22 Aug 2008 15:03:23 GMT

Oil prices pulled back sharply during trading on Friday, more than offsetting the substantial price increase that was seen in the previous session. The pullback by the price of oil was partly due to a rebound in the value of the U.S. dollar.

AnnTaylor Q2 profit slides; affirms FY08 adj. EPS guidance - update
Fri, 22 Aug 2008 11:46:06 GMT

Specialty retailer AnnTaylor Stores on Friday reported lower profit for the second quarter hurt by restructuring costs and a decline in comps due to weak traffic across all divisions. Adjusted earnings per share beat analysts' as well as internal expectations. The company also confirmed its adjusted earnings per share outlook for fiscal 2008.

Severstal to buy PBS Coals in $1.3 Bln all-cash deal - Update
Fri, 22 Aug 2008 10:37:10 GMT

Russian steelmaker OAO Severstal (SVST.L) said Friday that it has agreed to buy U.S. coal miner PBS Coals Corp. through its mining subsidiary for US$1.3 billion in cash with an intention to strengthen its steelmaking operations in North America.

Bernanke Expects Inflation To Moderate In "Challenging" Economic Environment
Fri, 22 Aug 2008 10:31:06 GMT

Calling the current policy and economic environment "one of the most challenging" in recent memory, Federal Reserve Chairman Ben Bernanke delivered slightly dovish remarks at the Federal Reserve Bank of Kansas City's Annual Economic Symposium in Jackson Hole, Wyoming on Friday.

SkillSoft Q2 profit up; Earnings from cont. ops down, but beats estimate; lifts FY09 forecast - Update
Fri, 22 Aug 2008 10:03:08 GMT

SkillSoft Plc, a provider of e-learning and performance support solutions, on Friday reported an increase in second-quarter profit driven by revenue growth and a gain from asset sale. On a continuing operations basis, earnings declined over last year, yet managed to come in above analysts' forecast. The Nashua, New Hampshire-based company also lifted its outlook for fiscal 2009.

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