Welcome to our website

Welcome in Your Blogger For Economy , Currency , Stocks and Bonds.

Friday, November 26, 2010

U.S. Chase Black Friday shoppers Offers Best Buy,

At 2 pm yesterday, with a steady rain falling, Andrés Sánchez was huddled in a tent outside Best Buy Co. 's Union Square store in New York. The student, 23 years old, had ignored his friends when he said he was "crazy" to line up early. After having declined in the past two years, Sanchez wanted to buy a laptop when Richfield, Minnesota-based Best Buy doors opened at 5 am today. Among his specialties doorbuster, the world's leading retailer of electronics offers a Sony Vaio laptop with a built-in Blu-ray disc Karate Kid and bag $ 500, a 32 percent savings. "I have the best Christmas," said Sanchez, who plans to spend $ 2,000 this season at himself and his family, or about four times as much as last year. Similar scenes play across the U.S. as "Black Friday, the biggest shopping day...

European Economic Recovery Strengthens for 2nd Month,

The economic recovery in the euro area was strengthened in November for the second consecutive month executives and business consumers became more optimistic about the prospects, the index showed EuroCoin. The monthly index measuring economic expansion in the 16 nations sharing the single currency rose to 0.45 percent from 0.41 percent in October, the London-based Centre for Economic Policy Research and Bank of Italy , who co-produce the index, said in a faxed statement today. "The increase was primarily due to improved business and consumer confidence," the statement said. This month's level indicates a growth rate of just under 2 percent. " The index, which includes figures on prices and stock market performance, industrial production, business and the reading of consumer confidence,...

European Stocks, U.S. Futures Drop on Debt Concern

European stocks and U.S. futures index fell amid growing concern about the debt crisis in Europe and China's measures to cool inflation, while tensions between North and South Korea increased. Asian stocks also fell. Banco Santander SA fell 4.3 percent, the rate of a sell-off in Spanish lenders. Rio Tinto Group fell 3.1 percent, stocks lower resource base. Actelion Ltd. lost 2.4 percent as UBS AG downgraded the shares of Swiss pharmaceutical company. Givaudan SA, Luxottica Group SpA and Puma AG each fell more than 1.5 percent of Morgan Stanley recommends that investors reduce their holdings of the three populations. The benchmark Stoxx Europe 600 Index fell 1.1 percent to 264.85 at 12:35 pm in London. The meter is headed for a third week of declines as investors speculated that the region...

Falling the gold in New York.

Gold fell in New York, peel a weekly gain, as a stronger dollar curbed demand for the metal as an alternative investment. Other precious metals fell. The dollar rose against the yen as North Korea's state Korean Central News Agency said planned naval exercises in South Korea and the U.S. moved from the peninsula closer to the brink of war. " The dollar rose to a two-month high against the euro amid concerns of European sovereign debt burdens are getting worse. Gold, which reached a record $ 1424.30 an ounce on 09 November, usually moves inversely to the U.S. currency. "The bullion prices have been under pressure as a result of decreased sensitivity to risk," said James Moore, analyst at TheBullionDesk.com in London, in a report. However, gold may "continue to be supported by investment bargain...

Less treasury bonds sold from May returns After Jump

Brazil is on sale this month the least amount of local bonds since May as a tax increase for foreign investors and speculation that the central bank will raise interest rates next year eroded demand for the securities. The government has sold 19.5 billion reais ($ 11.3 billion) dollars in bonds in November, including 5.1 billion reais in the auction yesterday, after the issuance of 38.2 billion reais worth of securities in October. It sold 13.4 billion reais of debt in May, when the debt crisis of Europe increasingly pushing up yields in emerging markets. Yields on benchmark bonds due in 2021 rose to a maximum of six months was 12.77 percent this week after President Luiz Inacio Lula da Silva tripled a tax on purchases of foreign debt to 6 percent last month to curb investment and the mother...

Dollar Climbs to Seven-Week High

The dollar rose to a seven-week low against the yen as concern the conflict between North and South Korea will increase boosted demand for the safety of the U.S. currency. The dollar rose for a third day against the yen as an agency of North Korea's state media said planned naval exercises in South Korea and the U.S. moved from the peninsula closer to the brink of war. " Dollar Index headed for its third weekly gain, the longest winning streak since May. The Korean won weakened further day by day in five months. The euro fell to a two-month low against the dollar amid concerns of Europe's sovereign debt loads are getting worse. "The North Korean statement is added to the tensions and leading to the safe-haven demand for the dollar," said Simon Derrick, currency strategist at Bank of New...

Boat European prices of gasoline fell in reducing the cost of Brent crude

Boat European prices of gasoline fell in reducing the cost of Brent crude. Gasoil futures also fell. Preem AB began maintaining a diesel production unit at its largest refinery in Sweden, about a month later than planned. Light Products gasoline barges for immediate loading in Amsterdam-Rotterdam-Antwerp quoted at U.S. $ 763 and $ 767 a metric ton, according to survey of traders and brokers to monitor the Bulletin Board Argus. That compares with rates of night from $ 766 to $ 773 a tonne. Statoil ASA purchased 2,000 tons of 3,000 tons changed hands. Royal Dutch Shell Plc was the other buyer. Morgan Stanley was the top seller. The offices are for Eurobob degree to which ethanol is added to the ending of automotive fuel. Gasoline crack opened up 10 cents to $ 5.30 per barrel, the highest...

Stocks, Won Decline as North Korea Warns of War

Global stocks fell and won the third week and commodities fell after North Korea threatened war and investors speculate that China will tighten monetary policy. The euro fell on concern Europe to the debt crisis may deepen. The MSCI Asia Pacific Index fell 1.1 percent to 129.14 as of 4 pm in Tokyo, taking its weekly decline of 2 percent, while the Stoxx Europe 600 index fell 0.4 percent. The won slumped 1.9 percent while the euro weakened to a two-month low against the dollar. Zinc fell to 4.4 percent in London. 500 of Standard & Poor's Index dropped 0.6 percent in U.S. markets reopened after the Thanksgiving holiday. South Korea said...

South Korea current account surplus widened to a maximum of three months in October

South Korea current account surplus widened to a maximum of three months in October, indicating that exports have so far resisted the appreciation of the won against the dollar. The surplus was 5.37 billion U.S. dollars in October, down from a revised 3.95 billion in September, the Bank of Korea said in a statement today in Seoul. The current account is the broadest measure of international trade, tracking goods, services and investment income. The nation is one of a number of emerging markets from Asia to Latin America trying to limit currency appreciation this year to support exports. North Korean bombing of a South Korean island three days ago sent the cattle to a minimum of two months after the investors against disturbing. "Exports are likely to remain firm," Hwang In Seong, vice president...

consumer prices in Japan fell for a 20th month in October

consumer prices in Japan fell for a 20th month in October, with the decline of moderation after the government raised taxes on snuff. Consumer prices excluding fresh food fell 0.6 percent from a year earlier after falling 1.1 percent in September, the statistics bureau said today in Tokyo. The government's October 1 tax increase, which boosted the price of cigarettes by a third, added 0.28 percentage points to the figure, the office said. Entrenched deflation is weighing on the economy at risk for this quarter after a rise of the yen to a 15-year high export growth undermined. The currency's 11 percent advance against the dollar this year has also exacerbated the price declines by reducing import costs, adding that in the case of the Bank of Japan to provide more monetary stimulus. "Deflationary...

Ireland's Relief Proves Fleeting as `Day of Reckoning' Nears

The financial costs of the most indebted countries in Europe are at record levels as a capitulation of Ireland in the acceptance of a plan to rescue its banking sector, fueling concerns that other countries will also have to seek help. The average yield investors demand to hold debt to 10 years in Greece, Ireland, Portugal, Spain and Italy came to 7.56 percent today, a record of the era of the euro. The average premium investors demand to hold the values instead of German bonds widened to 488 basis points, the highest level of 2010. The average cost of insurance against default by the five nations using credit default swaps hit a record 517 basis points on November 23. "It's not taboo to talk about restructuring," said Johannes Jooste, a portfolio strategist at Bank of America Corp. 's Global...

Betting in Spain on budget cuts to stop the spread of debt

Spain has the budget cuts and the national appetite for their bonds to build a firewall against the spread as Prime Minister José Luis Rodríguez Zapatero, has warned investors that lost money betting against the nation's debt. Spain, which has the euro region's third largest budget deficit, said that no further action to protect themselves from the debt crisis worsens Europe after cutting the gap from the central government budget by almost 50 percent and domestication of regional spending. Providing support is about half of the Spanish debt remains at home, rather than in Ireland or Portugal, which offers a line of defense against changes in the moods of foreign investors. "I have to warn investors that short sales are going to Spain to be wrong and go against their own interests," Zapatero...

Portugal Says EU Can't Force Governments to Accept Rescue Aid

Portuguese Finance Minister Fernando Teixeira dos Santos said that EU governments can not impose a rescue plan in his country even when speculation mounted that Portugal will eventually have to request one. "Some people think that the best way to preserve the stability of the euro is to push and force countries that have now been in the spotlight for the help," said Teixeira dos Santos, Jornal de Noticias said in an interview. The comments, made yesterday, were confirmed by the Ministry of Finance. "But that's not the vision or the political choice of the countries involved." Portuguese bonds have declined as the government strives to convince investors it can avoid the fate of Ireland and Greece, which has asked EU rescue this year. Most governments in the euro region and the European Central...

Russian companies face higher borrowing costs ruble in 9 months

Russian companies face higher borrowing costs ruble in nine months, compared with dollar debt that the central bank drains cash from the banking system. The gap between yields on the benchmark ruble debt maturing in 2012 OAO Gazprom and its 2013 dollar bonds rose to 287 basis points, or 2.87 percentage points today, the widest since March 1, 1929 points basis in May. Rossii bank has reduced cash from the sale of at least 3.8 billion U.S. dollars of foreign currency this month, matching the amount of all of October, which was the highest in almost two years, first deputy chairman Alexei Ulyukayev said In an interview in Moscow in November 1924. While the Bank rossii maintains interest rates at a record low 7.75 percent, its efforts to stop further depreciation of the ruble since September,...

Bank Stress Tests May Cover Liquidity

The European Commission is pushing to include tests of liquidity of banks in the coming year stress test of the European Union following the financial crisis in Ireland, according to two people familiar with the discussions. Possible changes follow concerns that recent evidence made public in July did not show that banks could withstand the financial crisis, said the people, who declined to be identified because the talks are private. This year the stress tests at the European level focused on levels of capital that banks had to absorb losses and measure the risks posed by the lack of liquidity. The regulators will meet the test data at the...

SPA plans to increase its holdings of real estate and asset management

Assicurazioni Generali SpA, the third largest insurance company in Europe, plans to increase its holdings of real estate and asset management to promote the Central and Eastern Europe and Asia to increase profitability. The insurer seeks to expand its real estate portfolio of 30 billion euros (40 billion U.S. dollars) "medium term" of 24.2 million euros at 30 September, Trieste, Italy-based company said in a statement. "Generali focus new investments not only to take the market cycle in European countries, but also to diversify the portfolio in areas that offer attractive yields, as the U.S.," Generali said in a statement. "In China, will...

Bank of Spain Calls on Country's Lenders to Disclose Real-Estate Holdings

The Bank of Spain asked the country's banks to make an "extra mile" to disclose their real property in the middle of the country's concern also need to be rescued after the Irish accepted a bailout. Lenders have to give more information about the risks associated with property and real estate, with details of the guarantees and reserves set aside to cover, in March 2011, Javier Ariztegui deputy, said in a speech in Barcelona. He also told banks to cut costs in a "swift and decisive" and completes mergers reduce the number of groups of savings banks in nearly two thirds. "Spain and the Spanish banking system requires creditors to renew our funding that we have," he said, saying that "no place" to delay the ongoing restructuring in the industry. "The best way is to show every day that banks...

Companies face the biggest pension deficit at least since 1994

Companies face the biggest pension deficit at least since 1994 include the sale of bonds in the fastest pace in over seven years to cover the hole betting that future returns will exceed its borrowing costs. United Parcel Service Inc., the largest business parcel delivery, Dow Chemical Co., Northrop Grumman Corp. and PPG Industries Inc. sold at least $ 5,250,000,000 U.S. bonds business investment grade in November to fund their pensions, which is the busiest month since June 2003. The effort of the Federal Reserve to keep interest rates low to stimulate the economy has led to the obligations of the pension companies, which are linked to bond yields to increase by 105.8 billion U.S. dollars this year to $ 1.44 trillion October, according to Milliman Inc. Now, companies are taking advantage...

Thailand's growth in manufacturing slowed in October

Thailand's growth in manufacturing slowed in October as global economic expansion will slow and the country's worst flooding in five decades affect demand. The industrial production index rose 6.2 percent last month from a year earlier, the Office of Industrial Economics, said on its website today. That compares with 8.1 percent increase reported earlier in September. the largest economy in Southeast Asia after Indonesia grew by 6.7 percent last quarter, the slowest pace this year, as exports declined and agriculture declined. Prime Minister Abhisit Vejjajiva, said November 24 the government "can not be complacent" about growth and has a room for stimulus measures if necessary. "We expect the weak production" in the future due to a slowdown in export growth, Rahul Bajoria, a Singapore-based...

Battle for Brazil Central Bank's inflation

Brazilian President-elect promised Dilma Rousseff full "autonomy" for the country's central bank, as Alexandre Tombini appointed to run the institution and bring the highest inflation in 20 months back to destination. The 46-year-old Tombini may be assisted in this task by the Finance Minister Guido Mantega, who during a press conference yesterday to announce his re-election, said it would cut spending and avoid new expenses. Tombini inauguration Jan. 1 after serving as a board member since 2005. Replaces Henrique Meirelles, 65, the longest running Brazilian central bank chief. "The choice of Tombini Rousseff reinforces his desire that the...

Putin's Hometown Challenges Moscow on First Bond Since 2005

St. Petersburg sold debt for the first time since 2005, with a yield close to Moscow, the capital city that sets the benchmark for municipal borrowing costs in Russia. the second largest city sold 1.7 million rubles (53.6 million dollars), or 44 percent of 3 billion rubles for five-year bonds offered a yield of 7.91 percent according to a statement released by the finance committee of the city today. The municipality plans to issue up to 25 billion rubles next year to help finance spending, Eduard Batanov, the head of the finance committee of St. Petersburg, said in a telephone interview. The yield on the bonds due in Moscow in June 2015 rose 43 basis points this month to 7.65 percent today. St. Petersburg, the hometown of President Dmitry Medvedev and Prime Minister Vladimir Putin is coming...

Pages 381234 »