The News Review:

- Forex – Euro remains well bid as ECB comments bolster rate expectation…
- Waters Corp 1st Quarter Net Rises To $68.5M, Helped By Forex
- Syngenta Q1 sales beat forecasts driven by forex, price hikes
- No losses in forex management due to US sub-prime crisis: Govt
- OSE to Launch Forex Margin Trading Market Next March

Forex – Euro remains well bid as ECB comments bolster rate expectation…
Forbes – Apr 22, 2008
In an interview with the Financial Times, ECB Governing Council member Yves Mersch said the central bank in June may revise upward its inflation projections, and said he is surprised analysts still hold the view that it could cut rates. Elsewhere, fellow Governing Council member Christian Noyer told RTL radio the ECB will adjust its interest rates if necessary for inflation to be brought back down to below 2 percent next year. Analysts at BNP Paribas (other-otc:.

Waters Corp 1st Quarter Net Rises To $68.5M, Helped By Forex
MarketWatch – Apr 22, 2008
5M, Helped By Forex

By Amanda Harris Falls
Last update: 7:24 a. EDT April 22, 2008

Waters Corp.

Syngenta Q1 sales beat forecasts driven by forex, price hikes
Forbes – Apr 22, 2008
reported forecast beating sales for the first quarter 2008 of $3. 789 billion, up 28 percent year-on-year, benefiting from the weakness of the U. dollar and a 3 percent price hike.
Hassle free private Ontario cottage rentals in Canada.

No losses in forex management due to US sub-prime crisis: Govt
Economic Times – Apr 22, 2008
“The RBI has reported that
there were no losses in the management of foreign exchange reserves on account
of sub-prime mortgage crisis in the US,” Minister of State for Finance P K
Bansal told Rajya Sabha in a written
reply. He said, RBI invests
India’s forex reserves in multi- currency, multi-market portfolio including
securities issued by the US
Treasury. The main objective of
investment of the foreign exchange reserves are safety and liquidity, he said,
adding during 2006-07, the rate of earning on forex reserves (after accounting
for depreciations) was 4.

OSE to Launch Forex Margin Trading Market Next March
Japan Corporate News – Japan Corporate News (press release) – Apr 22, 2008
The OSE will set the minimum trading unit at around one million yen for the new market and adopt a transaction system similar to stock trading. Investors will need to put in initial margins, or deposits, equivalent to a 30th of the overall trading value to participate in the high-risk, high-return currency trading. The OSE market will allow trading in nine types of currencies, including the dollar-yen and euro-dollar for almost the entire day, except between 6 a.