Saturday, June 9, 2007

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DGAP-Adhoc: plenum AG: plenum expands its core business and ...

Release of an Ad hoc announcement according to 搂 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. =--------------------------------------------------------------------------

plenum AG: plenum expands its core business and consultancy capacity

- 36% growth in the core business of Management Consulting versus the previous year - 30% expansion in consultancy capacity in the core business since Q4 2006 - Consultancy expansion affects EBIT in Q1 2007 as expected - Company confirms 2007 prognosis of EUR 26.5 million revenues and EBIT of EUR 0.5 million

Wiesbaden, 15 May 2007 - plenum AG (Prime Standard, ISIN DE 0006901002), a management consulting firm focusing in particular on solutions for strategic task completion for banks, insurance and utility companies, announces its financial figures for the first quarter 2007.

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Stock Market Update - Fri May 11 09:40:01 EDT 2007

[BRIEFING.COM] In the wake of widespread profit taking that pushed the Dow, S&P 500, and Nasdaq down 1.4% on average yesterday, stocks are rebounding right out of the gate. While a sense that yesterday's sell-off was overdone attracts bargain hunters, today's economic data are also providing a floor of early support.

With the Fed recently saying that inflation remains its "predominant" concern, core PPI for April checking in unchanged again has pushed the year/year rate to more tolerable 1.5%. Combine the tame inflation read with a retail sales report that further underscores the slowing economy also welcomed by the Fed and investors are back to believing that a rate cut might be coming sooner rather than later.

NYSE Adv/Dec NA/NA...Nasdaq Adv/Dec NA/NA

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China Raises Foreign-Currency Reserve Requirement (Update2)

May 8 (Bloomberg) -- China's central bank raised the amount of foreign currencies that lenders must keep as reserves, seeking to cool the world's fastest-growing major economy.

Banks must keep 5 percent of their foreign-currency deposits as reserves starting May 15, up from 4 percent, according to a People's Bank of China circular to lenders obtained by Bloomberg News. The increase will remove about $1.7 billion from the economy.

The decision will make less of the $165 billion of foreign- currency deposits as of March 31 available for lending and investment in the stock market, which surged to a record today. It may also ease pressure for appreciation of the Chinese yuan, which has gained 7.5 percent since July, 2005.

``The central bank probably wants to curb excess liquidity and indirectly ease the pressure on the yuan to rise,'' said Guo Zhaoyang, a foreign-exchange analyst at China Everbright Bank in Guangzhou.

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Forex Mid-Day Technical Report Dollar Mildly Lower after ...

Dollar weakens mildly in early US session after disappointing ADP employment report but the move is so far limited. The ADP report, which is usually used as a preview of the NFP, increased 57k jobs only, much lower than expectation of 100k. The US calendar is pretty light today with only Fed's beige book left. Though, Fed Moskow's speech on economic forecasts for 2007 will be watched. After all, traders are still cautiously awaiting main events of ECB meeting tomorrow and NFP on Friday.

Before that RBNZ, will announce rate decision in the coming Asia session and is widely expected to raise rate by 25bps to 7.5%. Despite being on hold in Jan, the accompanying statement delivered a strong message that further tightening is on the way. RBNZ is expected to remain hawkish after this hike as strength in household demand is still considered a serious threat to inflation in medium term by Bollard.

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Oil prices fall below US$62 a barrel on weak crude demand

SINGAPORE (AP): Oil prices retreated below US$62 a barrel in Asian trading Monday following a sharp fall late last week on continued expectations of weak crude demand. Light, sweet crude for June delivery dropped 26 cents to US$61.67 a barrel in electronic trading on the New York Mercantile Exchange midmorning in Singapore.

"It looks like a continuation, a reaction here in Asia, of the very sharp dip on Friday in the U.S.,'' said Tobin Gorey, a commodity strategist with Commonwealth Bank of Australia in Sydney. "Its taken quite a sharp fall on the open of U.S. trade and quite a few people haven't quite caught up yet.''

On Friday, the contract dipped US$1.26 to settle at US$61.93 a barrel.

"With no signs of rise in crude demand any time soon, traders have closed longs,'' said Ken Hasegawa of Tokyo brokerage Himawari CX.

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Festival organisers looking for help as firm pulls out

ORGANISERS of a massive river festival in St Ives have applied for a local kitchen builder or supplier to come forward to help with the event after a DIY firm pulled out.

Focus was to have supplied the Inland Waterways Association (IWA) with kitchen units for a cooking event during the three-day festival over August Bank Holiday but has withdrawn its offer.

Gillian Bolt, from the IWA, said it now hoped another local kitchen supplier or builder would be able to fill the gap.

"We need someone who could provide us with enough to build two workstations and some storage for the chefs to keep their equipment in," Mrs Bolt said.

She said ex-display cabinets would be ideal if a local supplier was changing the stock it had on show.

Mr Bolt said, in exchange for the use of the cabinets, the supplier would be able to have a banner and display at the show.

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