Dell buys Gale Tech­nolo­gies

The Pak Banker - - Front Page -

SAN FRAN­CISCO

Com­puter maker Dell has an­nounced that it has ac­quired Gale Tech­nolo­gies, a provider of in­fra­struc­ture au­to­ma­tion soft­ware. Gale Tech­nolo­gies of­fers soft­ware that can help cus­tomers turn dis­crete com­pute, net­work and stor­age re­sources into in­te­grated so­lu­tions fea­tur­ing self­ser­vice and au­to­ma­tion. At the In­ter­bank For­eign Ex­change (Forex) mar­ket, the lo­cal unit re­sumed slightly bet­ter at 54.68 a dol­lar from last week­end’s close of 54.75 and im­me­di­ately touched a high of 54.61. How­ever, slug­gish stock mar­kets amid sus­tained dol­lar de­mand from im­porters, mainly oil re­fin­ers, and weak eco­nomic datas pulled the ru­pee down to a low of 55.2050 be­fore end­ing the week at two-month low of 55.16, ex­hibit­ing a fall of 41 paise or 0.75 per­cent. In straight three week of los­ing string, the ru­pee has slumped by 160 paise or 2.99 per­cent.

The In­dian bench­mark sen­sex, this week, plunged by 374.31 points, or 2.00 per­cent, mainly af­fect­ing the ru­pee.

“There’s a lot of fears with the fis­cal cliff and the Mid­dle East,” said Charles Comiskey, head of Trea­sury trad­ing at the Bank of Nova Sco­tia in New York. “Trea­suries continue to be a safe-haven se­cu­rity. A lot of money is pour­ing in here.”

The bullish tone in Trea­suries was also sup­ported by data show­ing US in­dus­trial out­put un­ex­pect­edly fell 0.4 per cent in Oc­to­ber due to Sandy, a deadly storm that dis­rupted busi­nesses along the East Coast, al­though the trend was con­sis­tent with slow­ing man­u­fac­tur­ing ac­tiv­ity.“There’s a lot of fears with the fis­cal cliff and the Mid­dle East,” said Charles Comiskey, head of Trea­sury trad­ing at the Bank of Nova Sco­tia in New York. “Trea­suries continue to be a safe-haven se­cu­rity. A lot of money is pour­ing in here.”

The bullish tone in Trea­suries was also sup­ported by data show­ing US in­dus­trial out­put un­ex­pect­edly fell 0.4 per cent in Oc­to­ber due to Sandy, a deadly storm that dis­rupted busi­nesses along the East Coast, al­though the trend was con­sis­tent with slow­ing man­u­fac­tur­ing ac­tiv­ity.

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