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Brazil's Central Bank Buys Dollars At BRL2.024

SAO PAULO (Dow Jones)--Brazil's Central Bank bought U.S. dollars at a snap auction Monday for 2.024 reals per dollar, the bank said. The bank did not reveal the volume of dollars purchased. The bank said it is purchasing dollars to build up foreign reserves. In the minutes before the auction, the real traded at BRL2.023 per dollar. Moments after the auction, the real was trading again at BRL2.023 per dollar. -By Tom Murphy, Dow Jones Newswires; 55-11-3145-1478; brazil@dowjones.com (END) Dow Jones Newswires April 23, 2007 11:57 ET (15:57 GMT) Copyright 2007 Dow Jones & Company, Inc. .


Auction has a little bit for everyone in Nazareth

The Nazareth Area School District will clean out their closets and garages during their annual auction at the Brown-Daub dealership, 4089 Jandy Blvd., in Nazareth.

Last year the district sold various items and raised about $11,000. This year they have two upright pianos, plenty of old yearbooks and other items on the block.

Check out the entire list of items here.

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TwinEngines Supports the Arts in Atlanta; 15th Annual High Museum ...

TwinEngines Inc. continues to support the Atlanta High Museum of Art in its Annual High Museum Atlanta Wine Auction fundraising campaign.

Atlanta, Georgia (PRWEB) April 21, 2007 -- In its 15th year, the 2007 High Museum Atlanta Wine Auction broke all past records -- including a Live Auction total of more than $1.5 million. Silent auctions on Friday night and Saturday and a Paddle Raise brought in another $300,000 for a grand total of over $1.8 million in auction sales.

The 2007 Wine Auction marks the seventh year TwinEngines has participated in this exciting event. TwinEngines has dedicated its time, service and technology resources to develop and host a dynamic, database driven, content managed web site listing the theme events, and sponsors for the Wine Auction.


Morgan Stanley wins bidding for ANA hotels

Morgan Stanley has won the fiercely contested bidding to buy 13 hotels from All Nippon Airways, the Japanese airline, for Y281.3bn, in the largest property ever deal in Japan.

The deal, which overshadows the sale last year of Richard Li's Pacific Century Group building in Tokyo to KK Da Vinci Advisers, Japan's largest private real estate fund, for Y200bn, highlights the recent sharp rebound of Japan's property market.

The ANA sale comes on the heels of figures showing that Japanese land prices rose last year for the first time in 16 years.

Morgan Stanley has been a significant investor in Japan's property market, buying assets and exiting through the capital markets. The business has been extremely lucrative for the investment bank, particularly as it was able to acquire heavily distressed assets in the past.



 

 

 

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