Go Finance Reporting in TOKYO - Asian stock markets fell sharply in early trading on worries about Europe's debt problems. Sentiment worsened after Wall Street fell hard enough last weekend.
Japan's Nikkei 225 index fell 2.1 percent to 8550.45, or at their lowest point in the last six months. It is quoted from the AP on Monday (09/12/2011).
Hong Kong's Hang Seng index fell three percent to 19264.68. In Australia, the S & P / ASX 200 lost nearly three percent to 4069.8. In addition, benchmarks in New Zealand and Singapore also retreated.
Currency markets the dollar traded at 77.49 yen, while the euro appreciated USD1, 35 946. Meanwhile, financial markets in South Korea, China, and Taiwan was closed Monday for national holidays. (GoFinance)
Showing posts with label Global economy. Show all posts
Showing posts with label Global economy. Show all posts
Monday, September 12, 2011
::Gold Prices Down Again to USD1.852, 95>>
Go Finance Reporting in SINGAPORE - Gold prices fell again in trading Monday (09/12/2011) at the level of USD1.852, 95 per ounce.
However, this condition can still attract the attention of buyers in the previous session after experiencing the worst trade since last June as a result of the strengthening dollar against the euro and the growing doubts about the ability of Europeans to resolve the debt crisis.
In trading this morning, gold fell $ 4, 21 to USD1.852, 95 per ounce. This price is far below the highest price at last week's trading, which is USD1.920 per ounce.
U.S. Gold GCcv1 fell $ 3, 3 to USD1.856, 2 per ounce. It is quoted by Reuters on Monday (09/12/2011).
Senior officials of World Gold Council (WGC) said demand for gold, which fell in the second quarter of this year, is expected to strengthen in late 2011. This was driven by strong buying jewelry in India and China, as well as the recovery in investment demand. Meanwhile, oil prices down approximately $ 1 this morning as a result of the strengthening dollar. (GoFinance)
However, this condition can still attract the attention of buyers in the previous session after experiencing the worst trade since last June as a result of the strengthening dollar against the euro and the growing doubts about the ability of Europeans to resolve the debt crisis.
In trading this morning, gold fell $ 4, 21 to USD1.852, 95 per ounce. This price is far below the highest price at last week's trading, which is USD1.920 per ounce.
U.S. Gold GCcv1 fell $ 3, 3 to USD1.856, 2 per ounce. It is quoted by Reuters on Monday (09/12/2011).
Senior officials of World Gold Council (WGC) said demand for gold, which fell in the second quarter of this year, is expected to strengthen in late 2011. This was driven by strong buying jewelry in India and China, as well as the recovery in investment demand. Meanwhile, oil prices down approximately $ 1 this morning as a result of the strengthening dollar. (GoFinance)
::Oil Prices Down Again to USD86/Barel>>
Go Finance Reporting in SINGAPORE - Oil prices fell and at the level of USD86 per barrel Monday in Asia as investor fears about the debt crisis in Europe that undermine confidence in equities and commodities.
As quoted by the Associated Press on Monday (09/12/2011), the benchmark oil for October delivery fell $ 1, 64 to USD85, 60 at noon Singapore time in electronic trading on the New York Mercantile Exchange.
In London, Brent crude for October delivery fell 96 cents to USD111, 81 on the ICE Futures exchange.
As for today, the cash-strapped condition of Greece and the Greek government on Sunday said it would put on property taxes in an effort to meet fiscal targets to maintain an international bailout.
Debt crisis has helped strengthen the U.S. dollar (U.S.) against the euro. A stronger dollar makes commodities like oil more expensive for investors compared to other currencies.
The euro fell to $ 1, 3521 on Mondays than $ 1, 3651 at the end of Friday. Stock market, oil traders seen as a barometer of overall investor sentiment, fell in Asia on Monday.
In other Nymex trading for the contract in October, heating oil fell 2.4 cents to $ 2, 96 per gallon and gasoline futures fell 4.3 cents to $ 2, 73 per gallon. Natural gas for October delivery fell 3.0 cents to $ 3, 89 per 1,000 cubic feet. (GoFinance)
As quoted by the Associated Press on Monday (09/12/2011), the benchmark oil for October delivery fell $ 1, 64 to USD85, 60 at noon Singapore time in electronic trading on the New York Mercantile Exchange.
In London, Brent crude for October delivery fell 96 cents to USD111, 81 on the ICE Futures exchange.
As for today, the cash-strapped condition of Greece and the Greek government on Sunday said it would put on property taxes in an effort to meet fiscal targets to maintain an international bailout.
Debt crisis has helped strengthen the U.S. dollar (U.S.) against the euro. A stronger dollar makes commodities like oil more expensive for investors compared to other currencies.
The euro fell to $ 1, 3521 on Mondays than $ 1, 3651 at the end of Friday. Stock market, oil traders seen as a barometer of overall investor sentiment, fell in Asia on Monday.
In other Nymex trading for the contract in October, heating oil fell 2.4 cents to $ 2, 96 per gallon and gasoline futures fell 4.3 cents to $ 2, 73 per gallon. Natural gas for October delivery fell 3.0 cents to $ 3, 89 per 1,000 cubic feet. (GoFinance)
Wednesday, July 6, 2011
::After Gains, Dow Jones Corrected 12 Pts>>
Go Finance Reporting in NEW YORK - After the rose last week, U.S. stock index (the U.S.) seem lifeless. Nevertheless, the lack of value of transactions indicates the market is still volatile. The Nasdaq managed to close higher, while the Dow Jones and S & P 500 ended down after five days earlier recorded a best position for the last two years.
S & P rose 5.6 percent last week, rebounding from a weakening trend over the last two months. But concerns about economic growth and the potential to harm the U.S. debt in the coming days.
"It is not surprising if the market weakened today. The reason we have passed a sunny week," said Baring Asset Management chief investment Hayes Miller was quoted as saying by Reuters on Wednesday (07/06/2011).
In another prospective, Moody's Investors Service lowered the credit rating Portugal into "junk territory" due to the risk to be borne by the country making it need bailouts before it can return to the capital markets. It makes the debt is still alarming despite eurozone has no resolution for Greece's fiscal crisis.
After the holiday commemorating Independence Day, in late trading Tuesday (07/05/2011) local time, the Dow Jones Industrial Average fell 12.90 points, or 0.10 percent, to 12569.87. Standard & Poor's 500 index fell 1.79 points, or 0.13 percent, to 1337.88. And the Nasdaq Composite Index rose 9.74 points, or 0.35 percent to 2825.77.
Recorded relatively low trading volumes, just as much as 6.04 billion shares traded on the New York Stock Exchange, American Stock Exchange and Nasdaq, below the daily average last year that as many as 8.47 billion shares. (GoFinance)
S & P rose 5.6 percent last week, rebounding from a weakening trend over the last two months. But concerns about economic growth and the potential to harm the U.S. debt in the coming days.
"It is not surprising if the market weakened today. The reason we have passed a sunny week," said Baring Asset Management chief investment Hayes Miller was quoted as saying by Reuters on Wednesday (07/06/2011).
In another prospective, Moody's Investors Service lowered the credit rating Portugal into "junk territory" due to the risk to be borne by the country making it need bailouts before it can return to the capital markets. It makes the debt is still alarming despite eurozone has no resolution for Greece's fiscal crisis.
After the holiday commemorating Independence Day, in late trading Tuesday (07/05/2011) local time, the Dow Jones Industrial Average fell 12.90 points, or 0.10 percent, to 12569.87. Standard & Poor's 500 index fell 1.79 points, or 0.13 percent, to 1337.88. And the Nasdaq Composite Index rose 9.74 points, or 0.35 percent to 2825.77.
Recorded relatively low trading volumes, just as much as 6.04 billion shares traded on the New York Stock Exchange, American Stock Exchange and Nasdaq, below the daily average last year that as many as 8.47 billion shares. (GoFinance)
Tuesday, July 5, 2011
::Strengthening U.S. Dollar Price of Gold Black Forced to USD94/Barrel>>
Go Finance Reporting in SINGAPORE - Oil prices in Asia remained at the level of USD94 per barrel as a result of the strengthening dollar makes crude oil prices look more expensive for investors using other currencies.
As quoted by the Associated Press (AP), Tuesday (07/05/2011), the price of black gold for August delivery rose two cents to USD94, 96 per barrel in electronic trading on the New York Mercantile Exchange (Nymex). Meanwhile, London Brent crude for August delivery fell 21 cents to USD111, 56 per barrel on the ICE Futures Exchange.
The exchange rate of euro against the U.S. dollar fell to as low as $ 1, 4479 per euro from the previous $ 1, 4541 per euro.
Last week, crude oil fell almost close to USD90 a barrel after the International Energy Agency released a number of strategic reserves of 60 million barrels of oil on 24 June.
But oil prices rebounded to move before the announcement of the International Energy Agency (International Energy Agency / IEA) due to weakening against the euro after the Greek parliament approved austerity measures, to avoid debt default.
"In order to see significant weakness down there (approximately USD88), we will probably need to see the rally in the dollar," due diligence.
In other Nymex trading in contracts in August, heating oil fell 0.9 cents to $ 2, 92 per gallon, while gasoline fell 1.3 cents at $ 2, 96 per gallon. Natural gas futures rose 1.2 cents to $ 4, 32 per 1,000 cubic feet. (GoFinance)
As quoted by the Associated Press (AP), Tuesday (07/05/2011), the price of black gold for August delivery rose two cents to USD94, 96 per barrel in electronic trading on the New York Mercantile Exchange (Nymex). Meanwhile, London Brent crude for August delivery fell 21 cents to USD111, 56 per barrel on the ICE Futures Exchange.
The exchange rate of euro against the U.S. dollar fell to as low as $ 1, 4479 per euro from the previous $ 1, 4541 per euro.
Last week, crude oil fell almost close to USD90 a barrel after the International Energy Agency released a number of strategic reserves of 60 million barrels of oil on 24 June.
But oil prices rebounded to move before the announcement of the International Energy Agency (International Energy Agency / IEA) due to weakening against the euro after the Greek parliament approved austerity measures, to avoid debt default.
"In order to see significant weakness down there (approximately USD88), we will probably need to see the rally in the dollar," due diligence.
In other Nymex trading in contracts in August, heating oil fell 0.9 cents to $ 2, 92 per gallon, while gasoline fell 1.3 cents at $ 2, 96 per gallon. Natural gas futures rose 1.2 cents to $ 4, 32 per 1,000 cubic feet. (GoFinance)
::Gold Prices Stable in USD1.496/Ounce>>
Go Finance Reporting in SINGAPORE - The price of gold was observed stable after ratings agency Standard & Poors warned of uncertainty over the rescue efforts that will be Greek to French bank debt rollover, and this could potentially lead to default.
However, it is actually a positive sentiment for gold movements did not succeed hoist up the price of this safe-haven commodities.
As quoted by Reuters on Tuesday (07/05/2011), price of gold in the spot market rose 0.09 percent to USD1.496, 84 per ounce. U.S. gold GCcv1 rose one percent to USD1.497, 60.
On the other hand, the euro almost scored its highest level against the dollar this month. Condition of Greece raises hopes the European Central Bank will raise interest rates on Thursday next.
The dollar index rose slightly on Tuesday, but there are still between lowest in the past month. Crude oil price of U.S. futures edged up on Tuesday to stay above USD95 per barrel ahead of U.S. data demand that the size of the plant world economic power and oil consumption. (GoFinance)
However, it is actually a positive sentiment for gold movements did not succeed hoist up the price of this safe-haven commodities.
As quoted by Reuters on Tuesday (07/05/2011), price of gold in the spot market rose 0.09 percent to USD1.496, 84 per ounce. U.S. gold GCcv1 rose one percent to USD1.497, 60.
On the other hand, the euro almost scored its highest level against the dollar this month. Condition of Greece raises hopes the European Central Bank will raise interest rates on Thursday next.
The dollar index rose slightly on Tuesday, but there are still between lowest in the past month. Crude oil price of U.S. futures edged up on Tuesday to stay above USD95 per barrel ahead of U.S. data demand that the size of the plant world economic power and oil consumption. (GoFinance)
:: Greece Can As East Germany>>
Go Finance Reporting in ATHENA - International rating agency Standard & Poor's (S & P) warned that the involvement of European private banks in the takeover of Greece's debt could increase the risk of failure.
S & P even said that if the Greeks accepted the French proposal to voluntarily change the way the Greek earned funds by involving private sector, will make Greece's debt rating under the agency's criteria. French banks, which holds the Greek foreign debt, previously wanted to Greece to extend the maturity of the bonds.
This proposal is supported by the German debt holders Greece's second largest. "If it is followed, is tantamount to failure to make Greece even more selective," said S & P. In another part, Chairman of European Finance Ministers Jean-Calude Juncker said that if the Greeks still request an additional bailout of the European Union and the IMF, in the future they will lose their sovereignty and many people lost their jobs. These consequences must be accepted Greek as an effort to avoid default on debt. The same thing never experienced the era of East Germany in the 1990s.
It was privatized state-owned enterprises reached only 14 thousand companies in the period 1990-1994. Greece has a problem on the low competitiveness as well as East Germany before joining West Germany. Before it merged with West Germany, East German communist minded listed as one of the countries in Europe with the highest unemployment rate. "The sovereignty of Greece became a limited instantaneous. The consequences would be unpleasant," said Juncker. Juncker's comments sparked criticism from U.S. President Spyros Papaspyros Adedy Working Greece.
Adedy call, Juncker has been disturbing the country's internal affairs and provoking the European rules. Saturday, July 2 last, the Minister of Finance approved the Euro Zone Greece 12 billion euro loan to prevent default. The approval came after the Greek parliament approved the austerity measures amounting to 28 billion euros ($ 40 billion) and promises to bring revenue worth 50 billion euros in 2015. The International Monetary Fund (IMF) and the European Union as well as the new Greek government will meet on July 8 to finalize a bailout is to be submitted disbursement on 15 July.
12 billion euro bailout agreed to yesterday is a continuation of the scheme's first fund worth 110 billion dollars to be disbursed in March a new 53 billion euros. However, a number of people declared, Greece still need a second bailout worth 110 billion, though still debated. EFG Eurobank economist Platon Monokroussos said Greece should accelerate fiscal adjustment and structural reform. It was necessary to balance expenditures and revenues are crippled because of loss of competitiveness.
The socialist government that regulates social welfare in Greece has not yet started selling assets and tax reform to meet the target. The new plan will be discussed this weekend. The Greek government aims to sell assets including its own properties is expected to reach 300 billion euros, although faced with a number of legal problems. Greek businessmen pessimistic target asset sales could be a success. This is due to the government-owned shares in state enterprises are low because of the recession.
"Targeting the 50 billion euro in 2015 could not be reached," said Commerce Chairman Constantinos Mihalos Athens. Meanwhile, Greek Finance Minister Evangelos Venizelos yesterday said that after the bailout approved, the Greek government is targeting economic improvement in order not to fall deeper. The initiative will be discussed in a few days or weeks ahead.
"The target we could restore the economy out of crisis and provide benefits to citizens, especially those who do not have jobs and low-income groups," he said. (GoFinance)
S & P even said that if the Greeks accepted the French proposal to voluntarily change the way the Greek earned funds by involving private sector, will make Greece's debt rating under the agency's criteria. French banks, which holds the Greek foreign debt, previously wanted to Greece to extend the maturity of the bonds.
This proposal is supported by the German debt holders Greece's second largest. "If it is followed, is tantamount to failure to make Greece even more selective," said S & P. In another part, Chairman of European Finance Ministers Jean-Calude Juncker said that if the Greeks still request an additional bailout of the European Union and the IMF, in the future they will lose their sovereignty and many people lost their jobs. These consequences must be accepted Greek as an effort to avoid default on debt. The same thing never experienced the era of East Germany in the 1990s.
It was privatized state-owned enterprises reached only 14 thousand companies in the period 1990-1994. Greece has a problem on the low competitiveness as well as East Germany before joining West Germany. Before it merged with West Germany, East German communist minded listed as one of the countries in Europe with the highest unemployment rate. "The sovereignty of Greece became a limited instantaneous. The consequences would be unpleasant," said Juncker. Juncker's comments sparked criticism from U.S. President Spyros Papaspyros Adedy Working Greece.
Adedy call, Juncker has been disturbing the country's internal affairs and provoking the European rules. Saturday, July 2 last, the Minister of Finance approved the Euro Zone Greece 12 billion euro loan to prevent default. The approval came after the Greek parliament approved the austerity measures amounting to 28 billion euros ($ 40 billion) and promises to bring revenue worth 50 billion euros in 2015. The International Monetary Fund (IMF) and the European Union as well as the new Greek government will meet on July 8 to finalize a bailout is to be submitted disbursement on 15 July.
12 billion euro bailout agreed to yesterday is a continuation of the scheme's first fund worth 110 billion dollars to be disbursed in March a new 53 billion euros. However, a number of people declared, Greece still need a second bailout worth 110 billion, though still debated. EFG Eurobank economist Platon Monokroussos said Greece should accelerate fiscal adjustment and structural reform. It was necessary to balance expenditures and revenues are crippled because of loss of competitiveness.
The socialist government that regulates social welfare in Greece has not yet started selling assets and tax reform to meet the target. The new plan will be discussed this weekend. The Greek government aims to sell assets including its own properties is expected to reach 300 billion euros, although faced with a number of legal problems. Greek businessmen pessimistic target asset sales could be a success. This is due to the government-owned shares in state enterprises are low because of the recession.
"Targeting the 50 billion euro in 2015 could not be reached," said Commerce Chairman Constantinos Mihalos Athens. Meanwhile, Greek Finance Minister Evangelos Venizelos yesterday said that after the bailout approved, the Greek government is targeting economic improvement in order not to fall deeper. The initiative will be discussed in a few days or weeks ahead.
"The target we could restore the economy out of crisis and provide benefits to citizens, especially those who do not have jobs and low-income groups," he said. (GoFinance)
Monday, July 4, 2011
::European Union Provides funds much as 12 Billion Euros To Greece >>
Go Finance Reporting in BRUSSELS - European zone finance ministers agreed to disburse a loan of 12 billion euros to Greece.
After a conference call some time ago, 17 ministers in the euro zone agreed that the funds of 110 billion euro bailout approved for Greece on 10 May last year will be paid on 15 July, is expected to board the International Monetary Fund (IMF) could be agreed on 8 July .
The payment will allow Greece to avoid the threat of an increasingly severe crises. Greeks today still requires a second rescue fund of a total 110 billion euros and which will now allow only be completed in September.
"It has been decided by the European zone melting can be carried out before mid-September," said Greek Finance Minister Evangelos Venizelos, as quoted by Reuters on Monday (07/04/2011).
As is known, a loan of 12 billion euros will help Athens to redeem the debentures (bonds) amounted to 5.9 billion euros in August. but the government still has a lot of other debt.
Greece has repeatedly failed to meet budget targets set, so it increases the risk that the crisis will continue to spread throughout the Euro zone if it has not been resolved.
The second program will help with the cost Greek conducted from 2011-2014. Greece will also raise about 30 billion euros from privatization, while the EU and the IMF will provide approximately 50 billion euros. (GoFinance)
After a conference call some time ago, 17 ministers in the euro zone agreed that the funds of 110 billion euro bailout approved for Greece on 10 May last year will be paid on 15 July, is expected to board the International Monetary Fund (IMF) could be agreed on 8 July .
The payment will allow Greece to avoid the threat of an increasingly severe crises. Greeks today still requires a second rescue fund of a total 110 billion euros and which will now allow only be completed in September.
"It has been decided by the European zone melting can be carried out before mid-September," said Greek Finance Minister Evangelos Venizelos, as quoted by Reuters on Monday (07/04/2011).
As is known, a loan of 12 billion euros will help Athens to redeem the debentures (bonds) amounted to 5.9 billion euros in August. but the government still has a lot of other debt.
Greece has repeatedly failed to meet budget targets set, so it increases the risk that the crisis will continue to spread throughout the Euro zone if it has not been resolved.
The second program will help with the cost Greek conducted from 2011-2014. Greece will also raise about 30 billion euros from privatization, while the EU and the IMF will provide approximately 50 billion euros. (GoFinance)
Monday, June 20, 2011
::Euro Weakens, Oil prices in Asia down to USD92/Barel>>
Go Finance Reporting in SINGAPORE - Oil prices in Asian markets crashing below USD93 per barrel level after Greece shocked the issue of financial crises that undermine investor confidence in the euro currency.
As quoted by the Associated Press (AP), Monday (06/20/2011), benchmark crude for July delivery this afternoon when Singapore fell 40 cents to USD92, 61 per barrel in electronic trading on the New York Mercantile Exchange (Nymex). When compared with last Friday's close, there is a decrease of $ 1, 94 a barrel or two percent at the level of USD93, 01.
Meanwhile, in London, Brent crude for August delivery fell 67 cents to USD112, 54 per barrel on the ICE Futures Exchange.
In addition to the Greek factor, a factor strengthening U.S. dollar also contributed to drag oil prices continue to decline from almost penetrate USD115 at the beginning of the month.
Meeting of eurozone finance ministers did not produce an agreement to provide additional emergency assistance for Greece which is necessary for the country to avoid bankruptcy in the next month.
The euro weakened to $ 1 Monitored, 4281 per euro in trading today from USD1, 4307 per euro at the close of the weekend.
"We think that the strengthening U.S. dollar will continue and bring the price of oil through $ 80 a barrel level," said energy consultant Schork Group.
According to him, if the euro weakened to below USD1, 4 per euro then the likelihood of oil prices will fall lower than USD88 per barrel.
In other Nymex trading in the contracts in July, heating oil fell 1.3 cents to $ 2, 97 per gallon, while gasoline fell 1.7 cents to $ 2, 93 per gallon. Natural gas futures fell 1.7 cents to $ 4, 31 per 1,000 cubic feet. (GoFinance)
As quoted by the Associated Press (AP), Monday (06/20/2011), benchmark crude for July delivery this afternoon when Singapore fell 40 cents to USD92, 61 per barrel in electronic trading on the New York Mercantile Exchange (Nymex). When compared with last Friday's close, there is a decrease of $ 1, 94 a barrel or two percent at the level of USD93, 01.
Meanwhile, in London, Brent crude for August delivery fell 67 cents to USD112, 54 per barrel on the ICE Futures Exchange.
In addition to the Greek factor, a factor strengthening U.S. dollar also contributed to drag oil prices continue to decline from almost penetrate USD115 at the beginning of the month.
Meeting of eurozone finance ministers did not produce an agreement to provide additional emergency assistance for Greece which is necessary for the country to avoid bankruptcy in the next month.
The euro weakened to $ 1 Monitored, 4281 per euro in trading today from USD1, 4307 per euro at the close of the weekend.
"We think that the strengthening U.S. dollar will continue and bring the price of oil through $ 80 a barrel level," said energy consultant Schork Group.
According to him, if the euro weakened to below USD1, 4 per euro then the likelihood of oil prices will fall lower than USD88 per barrel.
In other Nymex trading in the contracts in July, heating oil fell 1.3 cents to $ 2, 97 per gallon, while gasoline fell 1.7 cents to $ 2, 93 per gallon. Natural gas futures fell 1.7 cents to $ 4, 31 per 1,000 cubic feet. (GoFinance)
::Gold Prices Print record high points>>
Go Finance Reporting in SINGAPORE - The price of gold moves higher gains the highest price in one day in three weeks. This happens due to the falling U.S. dollar exchange rate and the progress of Greece's debt crisis.
As quoted by Reuters on Monday (06/20/2011), the price of gold rose $ 1, 40 to USD1.539, 80 per ounce. Earlier, on Friday last week, gold also rose to USD1.541. However, gold prices are still below the highest level at approximately USD1.575 in early May.
While silver prices stabilized at $ 36, 00 an ounce, below the record highs USD49, 51 per ounce in April.
Finance ministers postpone decision to extend the European zone further assistance of 120 billion euros, or $ 17 billion in emergency loans to Greece. Because the Greek government should first do the saving.
Greek parties say they need the loan to avoid default to pay the debt in mid-July. The ministers affirmed that the disbursement of the loan will depend on the law of the Greek parliament on the issue of fiscal reform and the sale of state assets.
In addition to formal loans, the new bailout will include the rollover will also voluntarily by private investors on their holdings in Greek government securities. But in a statement, it does not say how large the bailout. (GoFinance)
As quoted by Reuters on Monday (06/20/2011), the price of gold rose $ 1, 40 to USD1.539, 80 per ounce. Earlier, on Friday last week, gold also rose to USD1.541. However, gold prices are still below the highest level at approximately USD1.575 in early May.
While silver prices stabilized at $ 36, 00 an ounce, below the record highs USD49, 51 per ounce in April.
Finance ministers postpone decision to extend the European zone further assistance of 120 billion euros, or $ 17 billion in emergency loans to Greece. Because the Greek government should first do the saving.
Greek parties say they need the loan to avoid default to pay the debt in mid-July. The ministers affirmed that the disbursement of the loan will depend on the law of the Greek parliament on the issue of fiscal reform and the sale of state assets.
In addition to formal loans, the new bailout will include the rollover will also voluntarily by private investors on their holdings in Greek government securities. But in a statement, it does not say how large the bailout. (GoFinance)
::Japan's export sales drop 10.3%>>
Go Finance Reporting in TOKYO - Japan's export performance in May 2011 decreased 10.3 percent compared to same period previous year. Japan hit by massive losses, especially in the automotive sector following the earthquake and tsunami disaster.
As quoted from the Associate Press on Monday (06/21/2011), Japan's exports to 4.76 trillion yen, equivalent to $ 6 billion. While imports rose 12.3 percent to 5.61 trillion yen, so the trade deficit was recorded 853.7 billion yen. It is Japan's second-largest deficit after deficit of 967.9 billion yen in January 2009.
Japanese automobile exports in May fell 38.9 percent and shipments of auto parts fell 18.5 percent because of the earthquake and tsunami that struck on March 11, northern Japan.
The disaster left more than 23,000 people dead and missing, also destroyed hundreds of factories in the northeastern coast of Japan. This forced manufacturers such as Toyota Motor Corp. and Sony Corp. to stop production. Japanese exports to the United States fell 14.6 percent in May. U.S. bound export car nose dived 43.5 percent in the month.
Exports to China, Japan's largest trading partner fell 8.1 percent. As for Asia, exports dropped 8.7 percent, and Japan's exports to the European Union fell 8.8 percent. (GoFinance)
As quoted from the Associate Press on Monday (06/21/2011), Japan's exports to 4.76 trillion yen, equivalent to $ 6 billion. While imports rose 12.3 percent to 5.61 trillion yen, so the trade deficit was recorded 853.7 billion yen. It is Japan's second-largest deficit after deficit of 967.9 billion yen in January 2009.
Japanese automobile exports in May fell 38.9 percent and shipments of auto parts fell 18.5 percent because of the earthquake and tsunami that struck on March 11, northern Japan.
The disaster left more than 23,000 people dead and missing, also destroyed hundreds of factories in the northeastern coast of Japan. This forced manufacturers such as Toyota Motor Corp. and Sony Corp. to stop production. Japanese exports to the United States fell 14.6 percent in May. U.S. bound export car nose dived 43.5 percent in the month.
Exports to China, Japan's largest trading partner fell 8.1 percent. As for Asia, exports dropped 8.7 percent, and Japan's exports to the European Union fell 8.8 percent. (GoFinance)
::EU Delays Provide Emergency Assistance to Greece>>
Go Finance Reporting LUXEMBOURG - Finance Ministers of the European Zone postpone its decision to extend further assistance amounting to 120 billion euros, or $ 17 billion in emergency loans to Greece. Because the Greek government should first do the saving.
Greek parties say they need the loan to avoid default to pay the debt in mid-July. The ministers affirmed that the disbursement of the loan will depend on the law of the Greek parliament on the issue of fiscal reform and the sale of state assets.
As quoted by AFP on Monday (06/20/2011), the ministers issued a statement after a seven-hour hold meetings in Luxembourg. The ministers also plan a second bailout for Greece after the first bailout provided 110 billion euros in May last year.
The minister said that in addition to official loans, the new bailout will include the rollover will also voluntarily by private investors on their holdings in Greek government securities. But the statement did not say how large the bailout.
Meanwhile, Prime Minister of Greece George Papandreou asks citizens to support the austerity measures and avoid disaster by default. He also appealed for the nation to receive a very unpopular tax increases, spending cuts and privatization plans that are required of international donors.
"The consequences of bankruptcy violent or out of the euro zone would be a disaster for households, banks and the credibility of the state," said Papandreou. (GoFinance)
Greek parties say they need the loan to avoid default to pay the debt in mid-July. The ministers affirmed that the disbursement of the loan will depend on the law of the Greek parliament on the issue of fiscal reform and the sale of state assets.
As quoted by AFP on Monday (06/20/2011), the ministers issued a statement after a seven-hour hold meetings in Luxembourg. The ministers also plan a second bailout for Greece after the first bailout provided 110 billion euros in May last year.
The minister said that in addition to official loans, the new bailout will include the rollover will also voluntarily by private investors on their holdings in Greek government securities. But the statement did not say how large the bailout.
Meanwhile, Prime Minister of Greece George Papandreou asks citizens to support the austerity measures and avoid disaster by default. He also appealed for the nation to receive a very unpopular tax increases, spending cuts and privatization plans that are required of international donors.
"The consequences of bankruptcy violent or out of the euro zone would be a disaster for households, banks and the credibility of the state," said Papandreou. (GoFinance)
Saturday, June 18, 2011
::Gold Gains Because Dollar Weakens>>
Go Finance Reporting in NEW YORK - Gold prices rose nearly a percent due to declining value of U.S. dollar (U.S.). This is the biggest reinforcement for safe-haven commodities in the last three weeks.
It is also due to economic uncertainty the European Union, including Germany and France step which intends to save Greece from the default by urging the Prime Minister of Greece to replace the Minister of Finance because the savings plan are not considered popular.
The increase in gold prices is also due to U.S. economic activity is interpreted to increase even backwards. Coupled with the poor U.S. consumer sentiment is expected to weaken in June.
"We see risks in the equity markets back up so the dollar down. Obviously, gold is reacting very well," said the Director of Metals Trading Vision Financial Markets David Meger, as quoted by Reuters on Saturday (06/18/2011).
The price of gold in the spot market rose 0.8 percent to USD1.540, 99 per ounce. This is the strongest rise in a single day since May 27 when it jumped 1.1 percent. (GoFinance)
It is also due to economic uncertainty the European Union, including Germany and France step which intends to save Greece from the default by urging the Prime Minister of Greece to replace the Minister of Finance because the savings plan are not considered popular.
The increase in gold prices is also due to U.S. economic activity is interpreted to increase even backwards. Coupled with the poor U.S. consumer sentiment is expected to weaken in June.
"We see risks in the equity markets back up so the dollar down. Obviously, gold is reacting very well," said the Director of Metals Trading Vision Financial Markets David Meger, as quoted by Reuters on Saturday (06/18/2011).
The price of gold in the spot market rose 0.8 percent to USD1.540, 99 per ounce. This is the strongest rise in a single day since May 27 when it jumped 1.1 percent. (GoFinance)
::Gains, Dow Jones Return to Level 12 000>>
Go Finance Reporting in NEW YORK - Stock markets United States (U.S.) began to squirm in the midst of Greece's debt crisis. It is a sign that slowly but surely Europe can overcome the debt crisis that occurred in the region.
As reported by the AFP, in late trade on Friday (06/17/2011) local time, the Dow rose 42.84 points, or 0.36 percent ke12.004, 36. S & P 500 Index also rose 3.86 points, or 0.30 percent to 1271.50, but the Nasdaq Composite index fell 7.22 points, or 0.28 percent, to 2616.48.
In early trading, the stock market positive cloud up after the German chancellor Angela Merkel and French President Nicolas Sarkozy urged fast action to do a new rescue against Greece, but the momentum is fading.
"By the weekend there is a little trepidation and fears of Greek issues, there may be no short-term resolution," said the head of Owen Fitzpatrick of Deutsche Bank's equity.
The Nasdaq index was also weighed by the falling value of the shares of Research in Motion. Shares of BlackBerry manufacturer is dropped more than 21 percent due to disappointing earnings reports. (GoFinance)
As reported by the AFP, in late trade on Friday (06/17/2011) local time, the Dow rose 42.84 points, or 0.36 percent ke12.004, 36. S & P 500 Index also rose 3.86 points, or 0.30 percent to 1271.50, but the Nasdaq Composite index fell 7.22 points, or 0.28 percent, to 2616.48.
In early trading, the stock market positive cloud up after the German chancellor Angela Merkel and French President Nicolas Sarkozy urged fast action to do a new rescue against Greece, but the momentum is fading.
"By the weekend there is a little trepidation and fears of Greek issues, there may be no short-term resolution," said the head of Owen Fitzpatrick of Deutsche Bank's equity.
The Nasdaq index was also weighed by the falling value of the shares of Research in Motion. Shares of BlackBerry manufacturer is dropped more than 21 percent due to disappointing earnings reports. (GoFinance)
Friday, June 17, 2011
::Technical Factors Rescued, Dow Jones Rebound>>
Go Finance Reporting in NEW YORK - Stock prices on Wall Street tend to move up in volatile trade on Thursday, thanks to technical factors. Despite uncertainty about the Greeks could deter investors to exit the market.
Dow Jones Industrial Average (DJI) rose 64.25 points, or 0.54 percent to 11961.52 position. The Standard & Poor's 500 (SPX) edged up 2.22 points, or 0.18 percent to a level of 1267.64. But the Nasdaq Composite Index (IXIC) fell 7.76 points, or 0.29 percent, to 2623.70.
Expiration of stock-index futures, single stock futures, options and stock index options in June, known as quadruple the enchanting thus creating tremendous volatility. As well as pushing the S & P 500 is more than one percent compared to the previous session that was recorded low.
Quoted by Reuters on Friday (06/17/2011), Greece remains one of the factors of negative investor sentiment, although experts say banks' exposure the United States (U.S.) for Greece's debt may be less than many market participants fear.
However, the market needs immediately respond to situations, such as the lack of an agreement to resolve the debt crisis of Greece that could hamper investor confidence.
'Headline today is Greek, and it will continue to happen until there is some clarity or confidence to get out of debt, "said Head NYSE Floor Operations for Meridian Equity Partners in New York, Jonathan Corpina.
However, losses incurred due to investors looking for value after the recent take action. Dow Jones also closed a volatile day with modest gains and the Nasdaq fell slightly more than one percent in afternoon trading. (GoFinance)
Dow Jones Industrial Average (DJI) rose 64.25 points, or 0.54 percent to 11961.52 position. The Standard & Poor's 500 (SPX) edged up 2.22 points, or 0.18 percent to a level of 1267.64. But the Nasdaq Composite Index (IXIC) fell 7.76 points, or 0.29 percent, to 2623.70.
Expiration of stock-index futures, single stock futures, options and stock index options in June, known as quadruple the enchanting thus creating tremendous volatility. As well as pushing the S & P 500 is more than one percent compared to the previous session that was recorded low.
Quoted by Reuters on Friday (06/17/2011), Greece remains one of the factors of negative investor sentiment, although experts say banks' exposure the United States (U.S.) for Greece's debt may be less than many market participants fear.
However, the market needs immediately respond to situations, such as the lack of an agreement to resolve the debt crisis of Greece that could hamper investor confidence.
'Headline today is Greek, and it will continue to happen until there is some clarity or confidence to get out of debt, "said Head NYSE Floor Operations for Meridian Equity Partners in New York, Jonathan Corpina.
However, losses incurred due to investors looking for value after the recent take action. Dow Jones also closed a volatile day with modest gains and the Nasdaq fell slightly more than one percent in afternoon trading. (GoFinance)
Wednesday, June 15, 2011
::Japanese Prepare 200 million Yen for ASEAN>>
Go Finance Reporting in JAKARTA - The Ministry of Economy, Trade and Industry (METI) of Japan plans to spend approximately 200 million yen which is used for Pacific Economic Agreement (EPA) in the ASEAN region.
This was conveyed by the Director of ASEAN affairs, Trade Policy Bureau Ministry of Economy, Trade and Industry of Japan, Takuma Yamaguchi, when found in the Ministry of Industry, Jakarta, Wednesday (06/15/2011).
"Put up 200 million yen fund from METI to ASEAN countries in supporting the implementation of the EPA, one of them to Indonesia. Activities which support the activities of the EPA is one of them is for Manufacturing Industrial Development Center (MIDEC)," he said.
However, he could not explain how the section will be accepted by Indonesia of a total of 200 million yen, because it still would be studies further.
"Budgeting for Indonesia is still under discussion. Because not known what activities will be carried out to Indonesia. Each was still under discussion further," he explained.
Dana does not include the Japan International Cooperation Agency (JICA), in which if given a gift from JICA could even greater.
As on Thursday, June 16 return will be a further meeting, in which one of them would discuss what activities will be done to carry MIDEC this year.
"Governance Governance her to a new tomorrow, so you can know what activities will be carried out for this year. So how can the amount of the budget breakdown for Indonesia," he concluded.
For information, cooperation agreements IJEPA (Indonesia-Japan Economic Partnership Agreement) between Indonesia and the Japanese government in principle aims to strengthen economic relations between the two countries.
One agreed in IJEPA in 2008 is a collaboration to increase industrial competitiveness, better known by Manufacturing Industrial Development Center (MIDEC). (GoFinance)
This was conveyed by the Director of ASEAN affairs, Trade Policy Bureau Ministry of Economy, Trade and Industry of Japan, Takuma Yamaguchi, when found in the Ministry of Industry, Jakarta, Wednesday (06/15/2011).
"Put up 200 million yen fund from METI to ASEAN countries in supporting the implementation of the EPA, one of them to Indonesia. Activities which support the activities of the EPA is one of them is for Manufacturing Industrial Development Center (MIDEC)," he said.
However, he could not explain how the section will be accepted by Indonesia of a total of 200 million yen, because it still would be studies further.
"Budgeting for Indonesia is still under discussion. Because not known what activities will be carried out to Indonesia. Each was still under discussion further," he explained.
Dana does not include the Japan International Cooperation Agency (JICA), in which if given a gift from JICA could even greater.
As on Thursday, June 16 return will be a further meeting, in which one of them would discuss what activities will be done to carry MIDEC this year.
"Governance Governance her to a new tomorrow, so you can know what activities will be carried out for this year. So how can the amount of the budget breakdown for Indonesia," he concluded.
For information, cooperation agreements IJEPA (Indonesia-Japan Economic Partnership Agreement) between Indonesia and the Japanese government in principle aims to strengthen economic relations between the two countries.
One agreed in IJEPA in 2008 is a collaboration to increase industrial competitiveness, better known by Manufacturing Industrial Development Center (MIDEC). (GoFinance)
::Finally, Wall Street Stronger Highest in 2 Months>>
Go Finance Reporting in NEW YORK - The stock market is the United States (U.S.) finally rose, even this reinforcement is the highest in two months due to the release of retail sales figures which traders fear will erode the economic downturn.
Many analysts said the rally is happening can only be materialized by the existence of a miracle. Although still weak, retail sales data are not as bad as most had expected, which gives reason to buy after the market is approaching oversold conditions that most of the year.
"In the long term, the trend is weakening is still disturbing. If you look at the S & P 500, index in has lost more than $ 1 trillion, the value since its peak in early May," said Director of DME Securities Alan Valdes was quoted as saying by Reuters, in New York.
Many factors still to be pressure, including worries over debt problems in Europe and the United States. In addition, market participants seemed interested in buying the bonds the Federal Reserve, which has become the main source of liquidity to the market.
U.S. retail sales declined for the first time in 11 months in May, but not far from initial estimates. Chinese data also help to alleviate concerns about global growth.
Strengthening trade spread across the board, the Morgan Stanley retail index rose 2.8 percent, this includes the best performance. The energy sector was also positive, the S & P energy sector index rose two percent as oil prices rose.
At the close of trading on Tuesday (06/14/2011), the Dow Jones industrial rose 123.14 points, or 1.03 percent to 12076.11. The broader Standard & Poor's 500 index rose 16.04 points, or 1.26 percent, to 1287.87. The Nasdaq Composite Index rose 39.03 points, or 1.48 percent to 2678.72. (GoFinance)
Many analysts said the rally is happening can only be materialized by the existence of a miracle. Although still weak, retail sales data are not as bad as most had expected, which gives reason to buy after the market is approaching oversold conditions that most of the year.
"In the long term, the trend is weakening is still disturbing. If you look at the S & P 500, index in has lost more than $ 1 trillion, the value since its peak in early May," said Director of DME Securities Alan Valdes was quoted as saying by Reuters, in New York.
Many factors still to be pressure, including worries over debt problems in Europe and the United States. In addition, market participants seemed interested in buying the bonds the Federal Reserve, which has become the main source of liquidity to the market.
U.S. retail sales declined for the first time in 11 months in May, but not far from initial estimates. Chinese data also help to alleviate concerns about global growth.
Strengthening trade spread across the board, the Morgan Stanley retail index rose 2.8 percent, this includes the best performance. The energy sector was also positive, the S & P energy sector index rose two percent as oil prices rose.
At the close of trading on Tuesday (06/14/2011), the Dow Jones industrial rose 123.14 points, or 1.03 percent to 12076.11. The broader Standard & Poor's 500 index rose 16.04 points, or 1.26 percent, to 1287.87. The Nasdaq Composite Index rose 39.03 points, or 1.48 percent to 2678.72. (GoFinance)
Tuesday, June 14, 2011
::IPO Value Facebook Estimated USD100 Billion>>
Go Finance Reporting in NEW YORK - Social networking site Facebook is preparing to conduct bookbulding IPO (initial public offering / IPO) in early October or November with a value of more than USD100 billion.
As revealed by CNBC quoted by Reuters on Tuesday (06/14/2011), Goldman Sachs will be the lead underwriter in an initial offering of shares Facebook in the first quarter 2012.
With more than 500 million users, Facebook became the media's most popular social network and its IPO was highly anticipated by many on Wall Street.
Last month, Director of Operations Facebook had made the comments that the IPO was inevitable, but now can not comment on the latest conditions related to the plan.
Anticipation of future plans up came when investor appetite is tasteful to the social networking company that grew rapidly.
Last month, a professional social network LinkedIn Corp. has made an IPO Approximately $ 7 billion. While at the site earlier this month confessed Groupon Inc. bid for Facebook up to USD750 million IPO.
Meanwhile, for Facebook, now valued as a threat to the already well-known Internet companies like Google Inc., Yahoo Inc. distinction.
Earlier this year, Facebook is valued at USD50 billion by Goldman Sachs when it started investments there. Currently Facebook on the secondary market value of approximately USD78-USD81 billion. Facebook itself is expected to earn approximately $ 4 billion for advertising revenue in 2011, up from $ 1, 86 billion last year. (GoFinance)
As revealed by CNBC quoted by Reuters on Tuesday (06/14/2011), Goldman Sachs will be the lead underwriter in an initial offering of shares Facebook in the first quarter 2012.
With more than 500 million users, Facebook became the media's most popular social network and its IPO was highly anticipated by many on Wall Street.
Last month, Director of Operations Facebook had made the comments that the IPO was inevitable, but now can not comment on the latest conditions related to the plan.
Anticipation of future plans up came when investor appetite is tasteful to the social networking company that grew rapidly.
Last month, a professional social network LinkedIn Corp. has made an IPO Approximately $ 7 billion. While at the site earlier this month confessed Groupon Inc. bid for Facebook up to USD750 million IPO.
Meanwhile, for Facebook, now valued as a threat to the already well-known Internet companies like Google Inc., Yahoo Inc. distinction.
Earlier this year, Facebook is valued at USD50 billion by Goldman Sachs when it started investments there. Currently Facebook on the secondary market value of approximately USD78-USD81 billion. Facebook itself is expected to earn approximately $ 4 billion for advertising revenue in 2011, up from $ 1, 86 billion last year. (GoFinance)
::Venezuela Electricity Consumption Limit>>
Go Finance Reporting in Caracas - Venezuela, one of the leading oil producer in the world, trying to limit the power consumption as the power to meet domestic demand.
The Venezuelan government said, which is the largest electricity consumers in shopping malls, factories, office buildings and even some houses, had to cut their energy use 10 percent compared to the average monthly usage.
Venezuelan Vice President Elias Jaua and Minister of Energy and Electricity Ali Rodriguez said that homes that have reduced their energy use exceeds 10 percent would receive a sharp discount on their utility bills, which are subsidized.
The move follows a series of blackouts that occurred last weekend, and came after Venezuela impose electricity rationing power control on a monthly basis in 2010.
Quoted by AFP on Tuesday (06/14/20110, exclusion restrictions of this electricity to the hospital, the operation of oil and associated gas, city cleaning service, air traffic control, schools, and embassies. The offices of government should set an example in the use of energy.
"These are the steps for proper use of electrical energy and the rational which aims to keep supply and safe," said Jaua.
Last year, Venezuela's government blames drought due to the power crisis, where nearly 70 percent of the country's electricity comes from the Guri hydroelectric plant in southern Venezuela.
However, energy experts say, the state utility system requires an investment of $ 20 billion dollars over the next four years to meet demand. Venezuela itself nationalized the national electric power utility in 2007. (GoFinance)
The Venezuelan government said, which is the largest electricity consumers in shopping malls, factories, office buildings and even some houses, had to cut their energy use 10 percent compared to the average monthly usage.
Venezuelan Vice President Elias Jaua and Minister of Energy and Electricity Ali Rodriguez said that homes that have reduced their energy use exceeds 10 percent would receive a sharp discount on their utility bills, which are subsidized.
The move follows a series of blackouts that occurred last weekend, and came after Venezuela impose electricity rationing power control on a monthly basis in 2010.
Quoted by AFP on Tuesday (06/14/20110, exclusion restrictions of this electricity to the hospital, the operation of oil and associated gas, city cleaning service, air traffic control, schools, and embassies. The offices of government should set an example in the use of energy.
"These are the steps for proper use of electrical energy and the rational which aims to keep supply and safe," said Jaua.
Last year, Venezuela's government blames drought due to the power crisis, where nearly 70 percent of the country's electricity comes from the Guri hydroelectric plant in southern Venezuela.
However, energy experts say, the state utility system requires an investment of $ 20 billion dollars over the next four years to meet demand. Venezuela itself nationalized the national electric power utility in 2007. (GoFinance)
::Dow Jones Stronger Thin>>
Go Finance Reporting in NEW YORK - The stock market rose despite thin. It is considered only temporary because of fears of economic slowdown are threatening.
S & P 500 rose for the second time in nine trading sessions, while the Nasdaq 100 managed to survive falls below the average of 200 days in 2218. Investors seemed still flat despite the prices of some stocks have become cheap enough after six weeks of stock market experienced selling pressure.
"If we do not get great information about the economy out of trouble, or the emergence of other things that help determine our trading decisions will still be the same market conditions over the coming weeks," said vice president Cuttone & Co. Keith Bliss was quoted as saying by Reuters on New York.
Evidence of weak global economic recovery has pushed the S & P 500 dropped from 6.6 per cent from its highest position in early May. Some analysts even said that this index will be corrected to 10 percent.
At the same time, transactions that occur between the insurer and communication technology sector showed an attractive valuation. Among them, the Allied World Assurance Co. Holdings Ltd. agreed to buy Transatlantic Holdings Inc. for $ 3, 2 billion.
Transatlantic shares jumped 9.5 percent to $ 48, 19, while Allied fell by 4.5 percent to USD55, 44.
VF Corp., owner of the North Face brand buy Timberland Co. is known for its hiking boots, amounting to $ 2 billion to boost sales of outdoor equipment, which is the largest business. VF Corp. rose 10 percent to USD101, 01 and Timberland jumped 44 percent to USD43, 20.
At the end of the close of trading on Monday (06/13/2011), the Dow Jones Industrial rose 1.06 points, or 0.01 percent, to 11952.97. Standard & Poor's 500 index rose 0.85 points, or 0.07 percent to 1271.83. But the Nasdaq Composite Index dropped 4.04 points, or 0.15 percent, to 2639.69. (GoFinance)
S & P 500 rose for the second time in nine trading sessions, while the Nasdaq 100 managed to survive falls below the average of 200 days in 2218. Investors seemed still flat despite the prices of some stocks have become cheap enough after six weeks of stock market experienced selling pressure.
"If we do not get great information about the economy out of trouble, or the emergence of other things that help determine our trading decisions will still be the same market conditions over the coming weeks," said vice president Cuttone & Co. Keith Bliss was quoted as saying by Reuters on New York.
Evidence of weak global economic recovery has pushed the S & P 500 dropped from 6.6 per cent from its highest position in early May. Some analysts even said that this index will be corrected to 10 percent.
At the same time, transactions that occur between the insurer and communication technology sector showed an attractive valuation. Among them, the Allied World Assurance Co. Holdings Ltd. agreed to buy Transatlantic Holdings Inc. for $ 3, 2 billion.
Transatlantic shares jumped 9.5 percent to $ 48, 19, while Allied fell by 4.5 percent to USD55, 44.
VF Corp., owner of the North Face brand buy Timberland Co. is known for its hiking boots, amounting to $ 2 billion to boost sales of outdoor equipment, which is the largest business. VF Corp. rose 10 percent to USD101, 01 and Timberland jumped 44 percent to USD43, 20.
At the end of the close of trading on Monday (06/13/2011), the Dow Jones Industrial rose 1.06 points, or 0.01 percent, to 11952.97. Standard & Poor's 500 index rose 0.85 points, or 0.07 percent to 1271.83. But the Nasdaq Composite Index dropped 4.04 points, or 0.15 percent, to 2639.69. (GoFinance)
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