Prices,Rates And Foreign Currency Exchange


Bank of Mongolia maintains the policy interest rate

Today, Bank of Mongolia (Central Bank) released a statement regarding the policy interest rate. The Monetary Policy Council meeting that convened between 7-11th of February, discussed issues regarding stability of macro-economical and financial environment of the country and made following decision: - Maintain Policy Interest Rate of 10.5%, - Ease the requirement of bank’s required minimum reserve of foreign currency on 3 year or longer period bonds and loans that has been raised from international markets. The council concluded that despite the negative external and internal conditions that created pressure on balance of payments, the targeted inflation is in tact excluding the increase in subsidized goods and services. It also sugg

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Stabilization of legal and regulatory environment pertinent to the mining sector

The year 2013 was a  challenging year for the mining sector of Mongolia. The setbacks in  the mining sector have caused certain turbulence in  the wide economy, however, to mitigate these negative implications, the Government has taken some first bold measures toward improvement of the legal and regulatory environment. The example is the ratification of the widely anticipated and watched Investment Law, which has provided investors and the business community in general with explicit answers to some contentious issues and has provided an impetus for further stability and long-term sustainability of the investment and business climate of  the mining sector.  It should be noted that specific provisions of the Investment Law that safeguar

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Kanjala retains presidency of Malawi Olympic Committee

Malawi Olympic Committee’s (MOC) president Oscar Kanjala  retained his position unopposed during elections at Sunbird Nkopola Lodge in Mangochi on Friday. Malawi Boxing Association (Maba) president Henry Sakala also retained his positions of  treasurer unopposed. But Hellen Mpinganjira lost her bid to become MOC secretary general for the fourth consecutive after being trounced by former...

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Atupele launches UDF manifesto in style: Upbeat to be Malawi leader

United Democratic Front (UDF) presidential candidate Atupele Muluzi has launched his campaign for May 20 elections and also unveiled the electoral pact in a form of a manifesto to fight huge income inequality. Atupele kicked off the campaign at the famous Njamba Freedom Park in the commericial city of Blantyre on Sunday before a record...

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MESN urge Malawians to check their names in voters’ roll

Malawi Electoral Support Network (MESN) has called on all registered voters to participate in the voters’ roll inspection exercise scheduled from Monday 24 March to April 5 to ensure that their details are correct. MESN chairperson Steve Duwa said in a statement that inspection of the voters’ roll is a very serious process in the electoral calendar and as...

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Laurie Lee and A Memoir of the Cotswolds

The late Laurie Lee, an artist, poet and memoir writer, whose 100th birthday will be marked in June, was a chronicler of a lost age in the Cotswolds. Set during the period just after World War I and written some 40 years later, his childhood memoir "Cider with Rosie," is a nostalgic - though relatively unsentimental - book about coming of age in a changing, rural world....Read Full Post

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Underground Secrets of Britain at War - The Ramsgate Tunnels

Take a walk in the country today and you might stumble upon a big corrugated metal tube, half buried in the woodland undergrowth. It could be construction debris, but, more ...Read Full Post

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Nicaragua has the narrowest gender gap in all of the Americas

In the 2013 Global Gender Gap Report by the World Economic Forum, published in October 2013, Nicaragua was ranked 10th out of 136 countries and 1st in all of the Americas. In the 2013 Global Gender Gap Report by the World Economic Forum, published in October 2013, Nicaragua was ranked 10th out of 136 countries and 1st in all of the Americas. According to the report, the country has maintained its position in the top 10 for two years in a row now, due to a strong performance in terms of political empowerment. Nicaragua made it to the top 10 in 2012, when it was ranked 9th. Despite dropping one spot in the ranking in 2013, the country’s overall score improved from 76 to 77 percent—the highest possible score is 100 percent and stands for total gender equality. The country’s highest ranking is for the Political Empowerment sub index, in which Nicaragua occupies the 5th position worldwide, only surpassed by Iceland, Finland, Norway and Sweden. According to the report, being one of the 10 most advanced countries in the world in terms of gender equality comes from the returns of investment in women’s health and education. Also, a country among the top 10 is one where women enjoy the most equal access to education and healthcare and are most likely to be able to participate fully in the country’s political and economic life. Even though Nicaragua continues to be the only Latin America and Caribbean country in the top 10 overall best performers, the region, which closed 70 percent of its overall gender gap in 2013, is the most improved in relation to the year before compared to the other regions. Overall, the gender gap narrowed slightly across the globe in 2013, as 86 of 133 countries showed improvements. The Global Gender Gap Report annually ranks 136 countries on their ability to close the gender gap in four key areas: economic participation and opportunity, political empowerment, health and survival, educational attainment, political participation and economic equality. No country has yet achieved total gender equality (an overall score of 100 percent).

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Nicaragua Dreams of Building a Canal for the Ships of Tomorrow

By Tim Burrack: Arlington, Iowa The Panama Canal almost was the Nicaragua Canal. A little more than a century ago, the United States came close to building “the path between the seas” to the north of Panama’s narrow isthmus. If an ambitious Nicaraguan politician and Chinese billionaire have their way, however, a new waterway may yet connect the Atlantic and Pacific Oceans. It would become “the largest civil-engineering and construction project in the world,” reports Jon Lee Anderson in the March 10 edition of the New Yorker. I don’t believe the Panama Canal will face a competitor in Nicaragua anytime soon, if ever. But competition is healthy, and perhaps the mere threat of a massive Nicaragua Canal will lead to the completion of necessary improvements in the Panama Canal. Better yet, maybe it will encourage urgent repairs to our own transportation infrastructure here in the United States. The Panama Canal is of course a modern marvel and this is its centennial year. An enormous accomplishment, it took a decade to complete. More than 5,000 workers died, mostly from disease. This was a costly toll, but their sacrifice made possible a great hub of global commerce that has served the interests of nations, producers and consumers throughout our hemisphere.

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Nicaragua an attractive mining destination, says ‘open for business’

While several regions in the Central American isthmus might be perceived as being “closed” for mining investment, the largest country in the region, Nicaragua, is “open for business”, the country’s general director for mining at the Energy and Mines Ministry (MEM), Carlos Zarruk, recently told Mining Weekly Online in an interview. Mining had been a part of the country’s history for more than a century, and now more than ever, the country is gearing up to invite more mining investment. Bordering Honduras to the north, and Costa Rica to the south, Nicaragua’s mining tradition dates back to the nineteenth century and had since become one of the country’s most dynamic economic sectors. According to the MEM, the mining sector had established itself as one of the country’s most important exporters, with gold reaching $436-million in exports in 2013. Gold had also ranked among Nicaragua’s top five export products throughout the years and in 2013, it was ranked as the country’s top export product. Last year, Nicaragua produced 205 590 oz of gold and 254 860 oz of silver. Mining activity in Nicaragua takes place in two industrial sub-sectors, including metallic and non-metallic. Under the metallic sub-sector falls exploration and exploitation and included commercial gold and silver mining, as well as small-scale national gold miners for local sales. The largest companies participating were from Canada, the UK and Nicaragua and its main export markets were to the US and Canada. In the non-metallic sub-sector counts sand, concrete, rock fill, limestone, lime, calcium carbonate, gypsum and pumice. Its largest companies were from Nicaragua, Mexico and Switzerland and most output is sold to the local construction industry. International miners such as B2Gold Corp, Canchinic, Condor Gold and Golden Reign Resources had already made themselves at home in the country, and were currently developing successful projects. “All companies were complying with national legislation and implementing social responsibility practices with their employees, the communities where they were established and the environment,” VP of the Nicaraguan Chamber of Mines Denis Lanzas pointed out in the same interview. He noted that less than 10% of the country was currently under exploration and all current mining operations were taking place in three historical districts: the Golden Triangle (Bonanza, Siuna and Rosita), La Libertad/Santo Domingo, and El Limón/La India, leaving plenty of room for exploration upside. With a territorial reach of more than 130 000 km, Nicaragua is a country with vast natural resources. It offers more than 34 868 km of potential for mining activities. The country also enjoys a privileged geographic location. Further, the proximity to North and South America makes Nicaragua an attractive destination for companies that are looking to export to those markets. For example, flight time to the Toronto, Canada, is between five and seven hours away by aeroplane, depending on layovers. The country’s access to the Pacific Ocean and the Caribbean Sea also facilitates exports towards destinations in Europe and Asia. LEGAL ENVIRONMENT Recognising the mining sector’s potential to boost the country’s current gross domestic proiduct of about $11.1-billion a year and economic growth of about 4.7% to 5%, the Nicaraguan government, through the MEM, is actively promoting investments by establishing a solid legal framework and facilitating the development of mining projects, Zarruk said. He added that in recent years, Nicaragua had actively engaged in multilateral, regional and bilateral negotiations, to become better integrated into the world. As a result of these efforts, the country had gained preferential access to critical markets such as the US, Mexico and Europe. In total, Nicaragua had earned preferential access to a world market of more than 1.5-billion people. Nicaragua had signed 25 bilateral agreements for the promotion and reciprocal protection of investments, as part of the country’s investment promotion policy to ensure the establishment of foreign companies. Bilateral investment treaties set standards for the promotion and legal protection of foreign investments and investors, and all countries that have free trade agreements with Nicaragua also include bilateral treaties for the promotion and protection of investments. “Over the years, Nicaragua has made important progress in the improvement of its investment climate in an effort to continue to attract high-quality foreign direct investment. The main legislation governing foreign investment in the country is Law 344, which establishes a series of solid legal guarantees for foreign investors,” Zarruk said. The country also is a member of the International Centre for Settlement of Investment Disputes, the Multilateral Investment Guarantee Agency, the Overseas Private Investment Corporation, and the Inter-American Convention of Commercial Arbitrage of Panama, while also being a signatory of the United Nations Commission on International Trade Law. Nicaragua’s strategic location in the heart of the Americas has allowed the country to position itself as a very competitive export platform to markets worldwide. The ‘2014 Doing Business Report’, published by the World Bank, provided a quantitative measure of the business climate in countries around the world. This report, ranked Nicaragua as number one in the Central American region in its indicators for investor protection, enforcing contracts and closing a business. Further, Nicaragua’s population is young and dynamic, with 77% of its total population under the age of 39. The country’s labour force of 3.2-million is reported to be flexible, with good working habits, a fast learning curve and low absenteeism and attrition rates; all of which had allowed this workforce to become quickly recognised as one of the most competitive and productive in the region. Nicaragua had also become one of the safest countries in the western hemisphere, an advantage recognised internationally by tourists and investors who have relocated to the country. The ‘Economist Intelligence Unit’ confirmed Nicaragua’s high security levels in its 2013 country risk evaluation, ranking the country as the second safest in Central America and the third in Latin America. This report measured indicators such as armed conflict, demonstrations, organised crime and kidnappings in different countries around the world. “Nicaragua is looking forward to developing the mining sector to its full potential. The mining industry is willing to work with the government to develop technology, promote social investment to become a premier mining destination in the region,” Lanzas concluded.

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10 Steps to Secure Your Startup

Image courtesy of: katelynjamesblog.com Startup culture is inherently fast-paced. Changes come in an instant, and the only thing that’s guaranteed is that no two days are alike. Where some startup owners stray off course, however, is when they sacrifice scrupulousness for novelty. Remember: Detail and innovation are not mutually exclusive terms. Just because you take a risk or rewire your vision doesn’t necessarily mean you have to desert the footing you have already achieved. From macro to micro, here are ten things you can do to help secure your young business while minimizing losses and maximizing progress: Get familiar with NDAs. Non-disclosure agreements are commonplace in any industry that involves a fair clump of contract work and consulting agreements. When you’re getting off the ground, you might need a designer to mock up a logo, or a coder to put together a website. Whatever the case may be, have them sign an NDA. It’s a simple insurance policy that can help you avoid any sticky situations down the line. Trademark your property. The pace of information transit is only increasing. Industry players can tune into each other’s progress at the drop of a hat. And whether it’s happenstance or not, you’re bound to run into other entrepreneurs who are sculpting similar, if not identical projects to yours. Trademark your intellectual property so you’re not too late to the party. Protect your home base. Whether it’s your living room or an office space, it’s always wise to install some type of security measure. Every industry has a few bad eggs, and the startup world is no different. It’s unlikely, but not impossible, to experience a physical security breach – particularly if you have a big idea. If you really want to seal your workspace, check out a security/automation system like ADT Pulse. Read up on cyber fraud. You’ll find hucksters in just about every corner of the Internet. Know how to identify the difference between a reliable web service and a sketchy imitator. If your product is web-based, get your coding up to snuff. And remember: test, test, test. Figure out how to compromise your own security before someone else does. Then go back and fix it. Know your employees. If you’re more than just a one-person operation, you should make a point to get to know your team. You picked them for a reason, and chances are they’re the trustworthy people you knew you were hiring from the get-go. But how many horror stories have we heard about so-called reliable co-workers with secrets to share? Protect your customers. Your customers are your most valued asset. Make sure they’re accommodated, protected and appeased. If in any instance you lose hold of their personal information or bank account details, you’ll lose more than just their patronage. Always be mindful of your credibility. Organize your documents. Even in the digital age, many standard business practices still operate on paper. You’re bound to accumulate some stationery, so find a way to separate the important from the not-so-important. Protect your most sensitive documents with a key and lock. Furnish accordingly. There’s a certain attraction and idealization associated with running your startup out of your basement, garage or living room. That’s how all the great names got their starts, right? True, sometimes it’s smartest to work out of the home, but be ultra-careful with your setup. Don’t leave half-empty drinks sitting near your computer, don’t overspend and don’t burn yourself out just because you can. Give yourself some free time to have home be home – not work. Hire outside help. If you need a piece of safety that’s outside of your wheelhouse, don’t be scared to ask around for help. There are plenty of specialists who are willing to help small businesses with everything from storefront security to cyber protection. Find insurance. Once you have solidified your business, you will want to look into liability insurance. Otherwise, if someone slips and falls in your place of work, you could have to pony up for some serious repercussions. Depending on what industry you’re in, you will want to explore the terms and conditions for additional types of insurance. It’s not particularly exciting stuff, but it’s an absolute must-do. There you have it: ten steps to securing your startup no matter which way you take your business. Of course, it doesn’t end there. There’re plenty of other things you can do to protect your ideas without limiting your scope. Feel free to drop a line in the comments about what you’re doing to buckle up!

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Get Out of a VXX Short Position

Although I think VXX will go down in the long term, I believe it will go up in the near future.

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ValueClick (VCLK) is in a Bullish Cup and Handle Formation

Valueclick is a company I’ve profiled before, and it caught my attention once again today after I saw the trade action in it on Friday afternoon. After holding in a pretty tight trading range most of the day on Friday 1/10, between 22.95 and 22.79, at 2:45pm it started rapidly rising from 22.80 to 23.30 by the close. That .50 cent move was a 2% move in the stock, and was the largest move in the stock since it fell into a consolidation after a bullish 4 session rally to end 2013. Yesterday’s price volatility expansion is a bullish tell that some large buyer was trying to take a position in the stock. So what could be behind this? Earnings aren’t due out until Feb 13. My guess is that some news could be coming in the next several days regarding VCLK’s planned sale of their owned and operated web sites. After its last earnings report in November, shares initially dropped on disappointing earnings, but when the company announced during its conference call that it planned to sell some of its owned and operated web sites, VCLK shares began to rally. Then in December, VCLK announced they entered “into a definitive with InterActiveCorp (IACI) to sell O&O in an all-cash transaction, expected to close by Jan 2014.” No terms of the deal were disclosed, so IMO the financial benefit to VCLK hasn’t really been reflected in the shares yet. You may argue that the shares have moved about $2 since the November announcement, and that qualifies as the reaction in the shares, but I tend to believe that the company could see a much larger windfall from the transaction. Taking a look at the chart I’ve included, VCLK also has formed a cup and handle formation, a bullish pattern that is probably the most followed and believed technical pattern of all. If the stock is able to sustain a move over $23, then the upside target for the cup and handle breakout would be around $27 per share, which represents 17% upside from current levels The Trade: Long VCLK on a close above $23 Stop @ 22 (below rising trendline) Target = $27 Reward/risk = 4:1

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Trading HYLD on monthly dividend dip and catching subsequent rise

This ETF. Pays close to 8 percent dividend monthly. It is an actively managed high yield bond ETF . Buy after ex dividend date monthly on dip. Catch monthly dividend and subsequent rise. This is the best performing high yield bond ETF. It has out performed JNK and HYG.

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Netflix (NFLX) in Free Fall after H&S Top

Netflix (NFLX) recently formed a Head and Shoulders bearish top pattern, and validated the pattern when it broke below the neckline of the pattern at $353. The breakdown occurred on a gap down and that gap down initially saw a fair amount of short covering/buying, but it’s becoming evident that there are no real buyers in the stock because it’s falling further and forming lower lows and lower highs – the definition of a downtrend. I project a downward price target on the H&S pattern to be $323, which is $10 below the current price of $333. Combine that with a longer term bearish MACD divergence that’s been in place since price rose from $310 on 12/5/13 to $384 on 12/24/13. If that divergence trades out, then we will see price drop all the way down to $310 which would be a drop down of about $20. I’m a little late in entering short as I would have rather entered on a retest of the neckline back towards 350 but it does not look like that is going to happen. The trade: Short NFLX @ $333 Target = $310 Stop = 345 Reward/Risk = 2:1

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Pioneer TS-W3003D4

$99.0012" Champion Pro Series 600W RMS Car Subwoofer General FeaturesPower Handling 2000 Peak 600W RMS General Features 12" Dual 4 Ohm Champion Series Pro Subwoofer IMPP composite seamless woofer cone Dual-layer elastic polymer surround Spring-loaded speaker terminal posts Perfect for a ported or sealed enclosure Features larger magnet combined with a dual spider design Frequency Response: 20-80 Hz Top-mount depth: 6-9/10" Sensitivity: 96 dB

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Clarion NX404

$539.992-DIN DVD Multimedia Station with Built-in Navigation and 6.2-inch Touch Panel ControlGeneral Features General features: DVD/CD receiver with 6.2" touchscreen and AM/FM tuner fits double-DIN (4" tall) dash openings internal amp (18 watts RMS CEA-2006/50 watts peak x 4 channels) built-in Parrot Bluetooth for hands-free calling and audio streaming built-in iPod, iPhone, and iPad control Clarion CCA771 cable and Apple Lightning Digital AV Adapter required for viewing video content from Lightning devices Clarion CCA750 cable required for viewing video content from older Apple devices MirrorLink compatibility for select Android devices — requires optional CCA770 or CCA771 adapter Pandora control through iPhone and Android plays lossless FLAC audio files from your flash drive remote control Navigation features: maps of United States, Canada, and Puerto Rico, plus 11 million points of interest text-to-speech announces actual street names at turns lane guidance and junction view 3D representations of select buildings, landmarks, and terrain Audio/video features: plays CDs, DVDs, and USB drives 3-band parametric EQ with 4 presets low- and high-pass filters bass boost dual-zone A/V output Expandability: inputs: dual rear USB inputs; front 3.5mm input; rear RCA A/V input; rear-view camera input outputs: 6-channel preamp outputs (2-volt front, rear, subwoofer); video output Other information: CEA-2006 compliant compatible with most factory steering wheel audio controls (adapter required)

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Pioneer CD-IU52

$29.00USB to Lightning Cable for iPhone/iPodGeneral Features General Features: USB to Lightning Interface Cable Designed for iPod and iPhone devices Automotive grade USB connection for audio playback for Apple smartphones and iPods with lightning connector Designed for optimal USB device charging Cable Length: 1 ft. 8 in. Adapter free control via receiver interface

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MTX T9515-22

$799.9515" 2000W Dual 2-Ohm SubwooferGeneral Features 15" subwoofer Dual 2-ohm Voice Coils Power range: 200-1000 watts RMS Sensitivity: 87.1 dB Frequency response: 31.9-150 Hz Top-mount depth: 10.737" Voice coil: 4.0" Magnet weight: 260oz Priced per speaker

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MTX T9512-22

$699.9512" 2000W Dual 2-Ohm SubwooferGeneral Features 12" subwoofer Dual 2-ohm Voice Coils Power range: 200-1000 watts RMS Sensitivity: 84.7 dB Frequency response: 36.4-150 Hz Top-mount depth: 9.737" Voice coil: 4.0" Magnet weight: 260oz Priced per speaker

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