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United States stocks open higher with divert attention to the Federal Reserve

US stocks opened higher on Wednesday as investors focused attention on the policy statement the Federal 

Reserve (Fed) and the press conference held by the Central Chairman Ben Bernanke later in the day.

 
The Dow Jones 58.46 points, or 0.41 percent, to 14514.46 points

The benchmark S & P 500 broader 8.84 points, or 0.57 percent, to 1557.18 points.

The Nasdaq Composite Index was 25 points, or 0.77 percent to 3254.09 points

Source: Reuters

Deutsche Bank adjusts 2012 earnings due to an allocation of 600 million euros

Deutsche Bank said on Wednesday, he amended profit before tax for 2012 to cut 600 million euros (773 million dollars) because of expenses new related claims lawsuit related to mortgage, and other investigations of regulatory bodies, and bank declined to delve into the causes raise funds for litigation to 2.4 billioneuros.

The move comes after the supervisory board meeting, Tuesday, after it said the Federal Financial Supervisory Authority in Germany, it would send the preliminary results to be achieved in the suspicion of manipulation in interbank interest rates to the German Ministry of Finance the end of March.

The bank said, his recommendation to dividends will remain as is and reiterated the target level of capital ratio of the first level at 8.5%.

The biggest German bank, said net profit last year amounted to 300 million euros (387 million dollars), a decrease of 400 million euros than previously reported, and added that the pre-tax profit fell to 800 million euros

Source: Reuters

Dollar near its highest level in 7 months and the euro falls

Dollar was trading Thursday, at its highest level in seven months against a basket of currencies after data showed increased optimism that the U.S. economy is on its way to recovery and can withstand monetary tightening

The gains helped widely in pushing the dollar index to rise 0.1% on the day to 80.996, not far from its highest level in seven months, who scored on Wednesday at 84.055 after data showed U.S. retail sales rose in February at the fastest rate in five months.
The euro $ 1.2951, down 0.1% to near its lowest level in three months at $ 1.2923 hit on Wednesday.

The dollar also rose to its highest level in four months at 5.7968 Norwegian kroner after the central bank postponed the appointment is expected to raise interest rates.

Continued both the euro and the dollar to appreciate against the Japanese yen The dollar increased 0.3% to 96.40 yen and the euro rose 0.2% to 124.75 yen

Source: Reuters

Centamin expects production of 320 thousand ounces of gold from a mine diabetes this year

Predicted the company "Centamin" the parent company of the company Pharaonic to gold mines untapped mine of diabetes in Egypt, producing 320 thousand ounces of gold from a mine diabetes during this year at a cost of operating up to 700 U.S. dollars an ounce, and it calculates the cost of fuel according to international prices.

The company said - in a statement, said that the production forecasts for the current year to rise by 22% from the volume of production during the last year, which indicates the growth of the company's production for the third consecutive year of mine diabetes.
She added that the size of the company's production target of mine diabetes ranges from 450 to 500 thousand ounces in 2015, and within the framework of the company's long-term plan.
The "Centamin" it had decided to postpone the launch of the fourth stage at the mine because of the strikes, which witnessed the port of Sokhna, confirmed that the project will be completed before the end of this year.
She explained that the estimates of the investments, which pumped in the fourth phase of the work in diabetes mine rose to $ 325 million versus $ 287 million in previous estimates because of increased costs and inflation.
The company has announced its success in exceeding the production ceiling target for 2012 by about 13 thousand ounces, where annual production volume rose to 262 thousand and 958 ounces, a 30% increase compared to the production in 2011

source :a.s.a