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Wednesday, November 17, 2010

Natural gas rose the most in four months on speculation

Natural gas rose the most in four months on speculation that one morning the Department of Energy report showed that stockpiles rose less than the average of five years, eroding a surplus of inventory. The Energy Department can say that the increased supply 8 billion cubic feet last week, according to the median of 22 analyst estimates compiled by Bloomberg. The five-year average gain for the week is 18 million dollars. "Rising temperatures are low, and there is the possibility that tomorrow may report a net withdrawal from storage," said Teri Viswanath, director of commodity research at Credit of U.S. Securities Suisse in Houston, who estimated that inventories fell by 5 per thousand cubic feet. Natural gas for December delivery rose 21.2 cents, or 5.6 percent, to settle at 04.03 dollars...

Shares of those companies are having unusual moves in U.S. trading

Shares of the following companies are having unusual movements in U.S. trade. Stock symbols are in parentheses and prices are starting at 1:30 pm in New York. Homebuilder stocks fell after a U.S. government report showed builders began work on houses less than expected in October. Housing construction fell 12 percent to a 519,000 annual rate, lowest since a record low in April 2009. D.R. Horton Inc. (DHI U.S.) fell 3.5 percent to $ 10.63. Group Pulte Homes Inc. (PHM U.S.) fell 3.6 percent to $ 6.64. Home Depot Inc. (HD U.S.), the largest U.S. retailer home improvement, fell 2.7 percent to $ 30.85 for the biggest drop in the Dow Jones Industrial Average. Sun shares fell after Credit Suisse Group AG cut the recommendation of the industry to "market weight" from "overweight," says the demand-driven...

The Bank of Korea's second increase in interest rates this year left its benchmark rate below inflation

The Bank of Korea's second increase in interest rates this year left its benchmark rate below inflation, a sign that the central bank will add to its movement in the coming months and the risk of erosion household savings. Governor Kim Choong Soo increased borrowing costs by 0.25 percentage points to 2.5 percent yesterday. The reference point is 1.6 percentage point lower annual rate of inflation in October, and has remained in profits in consumer prices for 12 consecutive months, the longest streak since the introduction of basic type 1999,. "The Bank of Korea has finally realized that it is dangerously behind the curve in terms of monetary...

GM Increases IPO Size $15.8 billion as Treasury.

General Motors Co. 's initial public offering could raise 15.8 billion U.S. dollars after the U.S. Treasury and the United Auto Workers' trust in health care for retirees has increased the shares being sold, according to a regulatory filing. The initial public offering was expanded by 31 percent to 478 million shares, GM said in a filing with the Securities and Exchange Commission, a day after increasing the offer price up to $ 33 per share. An over-allotment and a preferred stock offering may increase the total amount raised nearly $ 22,700,000,000. Agricultural Bank of China Ltd. 's $ 22,100,000,000 initial sale is the largest initial public...

Stocks in Europe rebounded from the biggest drop

European shares rebounded from the biggest drop in four months and U.S. futures index rose. Irish bonds fluctuated as European officials discussed the aid, while commodities fell on China's commitment to curb inflation. The Stoxx Europe 600 index added 0.2 percent at 7:40 am in New York, linking yesterday's 2.3 percent drop. 500 of Standard & Poor's Index gained 0.2 percent, after rising as much as 0.5 percent earlier. The Shanghai Composite Index sank 1.9 percent, extending its drop November 08 to 10 percent higher. Ireland 10-year bond yield fell two basis points to 8.44 percent while the cost of insuring against a default on the country's debt grew for the first time in four days. The S & P GSCI index of 24 commodities fell to a minimum of three weeks. Finance ministers from the...

falling the Oil for the fourth consecutive day.

Oil fell for a fourth day as speculation that China's oil demand may fall passed signs that U.S. consumption is increasing. Futures dropped as much as 1.4 percent after Chinese Premier Wen Jiabao said the government is preparing measures to combat inflation in the world's largest consumer of energy. Prices also fell on concerns the crisis of debt in Europe is worsening as ministers consider a rescue package for Irish banks. Crude inventories fell most U.S. since September 2008 and rising gasoline demand, reports showed yesterday. "The risk is being taken at the table through the entire complex products as the dollar gets stronger," said Carsten...

European companies sales fell to its lowest level becauseof the irish crisis

sales of European companies in U.S. dollar bonds fell to its lowest level in nearly a decade on concern the crisis in the region, the budget deficit will spiral out of control as Ireland is closer to Greece after getting a ransom. Borrowers in Europe have increased 1.4 billion U.S. dollars this month the sale of debt in the U.S., only 2.7 percent of the total issuance of investment grade, the lowest since February 2001 below $ 9,300,000,000, or 32 percent, in the same period of the month of October. Until this month, sales of U.S. bonds by companies in Europe made an average of 29 percent of the issue in 2010, according to the data. Six months after Greece appealed for help in paying your bills, credit markets in Europe again shaken by a fiscal crisis, which limits the ability of firms to...

Fed may hesitate to further ease after critics question the mandate of Employment

The Federal Reserve faces fierce political assault on their powers in three decades in its fight to help revive the U.S. economy. The Fed's plan to expand their purchases of Treasuries has drawn criticism from Republicans, some economists wrote an open letter to the Federal Reserve to protest the move, and finance officials from Germany, China and Brazil. While central bank officials are pushing ahead with the program of $ 600 000 000 000 gift vouchers announced this month, analysts said the criticism may dissent from supporters inside the Federal Reserve's policy of quantitative easing. This may limit the ability of its chairman, Ben S. Bernanke 's to take further action if the economy remains weak. "Economists Republicans are reflecting a widespread feeling within the Republican Party,...

Start scanning the books in the debt-laden banks of Ireland in Dublin tomorrow

European Union and the International Monetary Fund experts will begin to scan books in the debt-laden banks of Ireland in Dublin tomorrow in the prelude to a possible aid package to stop the expansion of Europe's fiscal crisis. Finance chiefs from the 16-country euro zone, said the joint assessment will determine whether Ireland can patch the banking system alone or must rely on the EU and IMF, 750 million euros (1 billion dollars) bailout fund . "If the banking problems are too big for this small country to manage, Europe has made it clear that they will help," said Irish Finance Minister Brian Lenihan today's state broadcaster RTE as the...

`Dim-Sum' Debt Shows Yuan Opening Amid Hot Money Crackdown: China Credit

HSBC Holdings Plc and Standard Chartered Plc, the largest foreign insurers yuan of bonds sold in Hong Kong, say they have never been busier, even as China seeks to curb capital inflows to limit the appreciation. Justin Chan, deputy head of global markets HSBC Asia Pacific, said the bank has organized 10 conferences outside China to promote the use of currency in world trade and has "a very strong pipeline" of companies seeking sell bonds dim sum called the yuan-denominated debt issued in the city. Sundeep Bhandari, head of Standard Chartered's global markets in Northeast Asia, said the bank has made 25 similar events in 2010 and is advising a fund that plans to focus exclusively on debt. While Chinese regulators have joined their counterparts from Brazil to Thailand last week in the setting...

South African Central Bank will reduce its key interest rate tomorrow for the third time this year

South African Central Bank will probably reduce its key interest rate tomorrow for the third time this year as a rally in the rand keeps inflation under control and erodes the competitiveness of exports. The Pretoria-based Reserve Bank will lower the repo rate by half a percentage point to 5.5 percent, according to 17 of 22 economists. The rest expect the rate to remain unchanged. The rand has gained 34 percent against the dollar since early 2009, reducing the cost of imports and helping to push the inflation rate to its lowest level in more than five years. The progress of the coin also has dampened manufacturing, which grew annually by 1.4 percent in September, the slowest pace in 11 months, fueling calls for the unions to the central bank to do more to stimulate growth and create jobs...

temporary price controls to counter the fastest inflation in two years In China

China may impose temporary price controls to counter the fastest inflation in two years, the cabinet said. The maximum prices of "major needs every day," and production materials will be used if necessary, the State Council said on its website today, after a meeting chaired by Premier Wen Jiabao. acceleration of inflation in China has sent stocks and commodities sliding on speculation that efforts to curb prices will cool the world's fastest growing economy. The State Council's announcement came after the Shanghai Composite Index now spread to 10 percent of its decline from a peak of nearly seven months, on 8 November. "This is the strongest signal that the government could give its determination to curb price increases," said Mark Williams, London-based economist with Capital Economics...

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