| Review of Antares' South End plan begins
STAMFORD - City officials and consultants are examining the first phase of a project - set for review next week - that would add about 10,000 residents to the South End.
The Planning Board will hold its first meeting Tuesday night on the initial phase of Harbor Point, a plan by Antares Investment Partners to convert more than 80 acres of industrial land into several neighborhoods with 4,000 housing units, big-box stores and other retail, and hotel and office space.
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In Search of The Truth
For John OsitadimIma Umenyiora, the traditional ruler of Ogbunike community in Oyi Local Government Area of Anambra State, these are indeed trying times. He is worried stiff about the allegations attempting to link him with the recent protest, arson and mayhem in Osile, a village in Ogbunike, which resulted in loss of lives and properties. About five persons were said to have died with several buildings burnt during the mayhem which is unprecedented in the history of the community. Among those alleged to be behind the allegation is Ilochi Okafor, SAN, and vice-chancellor of Nnamdi Azikiwe University, Awka, who himself had served Umenyiora as legal adviser. Umenyiora's prayer is that the truth be revealed in the matter. Already, Peter Obi, governor of the state has constituted a Judicial Commission of Inquiry to investigate the mayhem.
Eldorado Gold Corporation: Operational Update
Paul N. Wright, President and Chief Executive Officer of Eldorado Gold Corporation ("Eldorado" the "Company" or "we") (TSX: ELD)(AMEX: EGO) is pleased to provide an operational performance report for the first quarter 2007. Kisladag Following a successful commencement of commercial production July 1, 2006, the operation has continued to increase monthly production levels. In accordance with the plan for 2007, the operation in Q1 successfully completed construction and the integration of an additional 5 million tonnes per annum ("mt/annum") of crushing, screening and conveying capacity. Commissioning of the expanded 10 mt/annum system is underway with steady state production at this level anticipated to be reached in Q3. Production in the quarter totalled 43,601 ounces of gold achieved at a cash cost of $193/oz.
DJ Forex Focus: Appetite For Carry Trades Unlikely To Wane
With geopolitical tensions receding, global risk appetite in full recovery and interest rate differentials showing little sign of moving in the wrong direction, low-yielders are once again likely to suffer at the hands of assets that offer higher returns.
"There seems to be little that will dent this carry attraction over coming weeks," said Mitul Kotecha, head of global foreign-exchange research at Calyon in London. If anything, some suggest that a renewed confidence on the part of Japanese investors as the Japanese stock market continues to rally means that outflows from Japan will rise even more.
Paul Chertkow, head of global currency research at Bank of Tokyo-Mitsubishi in London, is looking for this to push the yen sharply lower against the pound.
"The recent recovery of the Japanese equity market is once again raising the risk appetite of Japanese retail investors," he said, forecasting that the pound, which is now trading around Y234.50, will rise as far as Y242.00.
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