Posts Tagged ‘government’
King richer online retailers. Thanks to the Kindle, who scored record sales in November, and the increasing number of visitors to Amazon.com, Jeff Bezos as the founder and CEO of Amazon.com was scored many gains in the year 2009.
Rising stocks make gains Bezos Amazon.com rose 7.3 billion dollars in the last 12 months. This stock rose 175 percent since January last year. This makes Jeff Bezos was in sixth American billionaire list moneymaker Forbes in 2009.
Larry Page, Google co-founder of years ago was in the top position with the acquisition of 11.9 billion U.S. dollars in 2008, now in fifth place with 8.4 billion acquisition of U.S. dollar between mid-January 2009 and December 2009. Behind the Page is a lifelong partner, Sergey Brin, with the acquisition of 8.2 billion U.S. dollars.
In this ranking, see Forbes billionaire who owns stakes in public companies and take into account the benefits in dollar securities. Forbes parties did not include shares bought and sold in that period. Read the rest of this entry »
Forex Review
Dollar close higher last week driven by the data non-farm payrolls are in very good surprise fell only 11,000 jobs, the unemployment rate was down from 10.2 percent to 10 percent. This was one indication of the U.S. economic recovery. Australian central bank again raised interest rates by 0.25 per cent according to market expectations that support the Australian dollar remains perched above 0.9 U.S. dollars.
Bank of Japan, last week, made an emergency meeting related to the sharp strengthening of the yen against the U.S. dollar and developing policies for the provision of credit facilities for 3 months 10 trillion yen. This seems quite effectively weaken the yen against the U.S. dollar.
• Stock Index Review
Dubai to ease the problem create the world stock markets that previously corrected, strengthened again. Nikkei closed above 10,000 in the first 5 weeks. The Hang Seng closed up 6.45 percent this week, best week in 6 months. KOSPI index also closed off and 1090 points from its opening last week. While the Dow above 10,300 perched last week.
The number of positive data last week pushed up world stock markets. The weakening of the yen against the U.S. dollar strengthening Nikkei trigger. China’s good manufacturing data provide a positive sentiment to the world stock market. South Korea GDP data which grew 3.2 percent in the third quarter also supports the strengthening of KOSPI.
• Commodity Review
Recent record gold price in U.S. dollar 1226.10 per troy ounce, printed on 3 December. Request gold from central banks in the world providing a positive impact for the price of gold. U.S. crude oil inventories increased last week to lower oil prices to as low as 75 U.S. dollars per barrel. Read the rest of this entry »
U.S. economy so far has not shown any indication of a stable recovery process, it is revealed from the Beige Book that diriis early this morning (GMT). Reports from the Federal Reserve in the United States District 12 generally indicate an increase in the degree of performance that is not too strong that it still opens the occurrence of further pressure on the U.S. economy. It appears quite positive on the consumption side, which argued that public consumption reported a moderate increase primarily to items of daily consumption and motor vehicles. While in residential sales reported to have increased even though the price level fell slightly in some districts or flat in other districts.
The reported residential construction is still in a weak condition, while the construction and real estate market is still very weak report likely even decrease performance. The picture is less clear is also present in the financial sector, which reported a weakening in the credit, because credit standards were too high and the tendency of weakening credit quality. Plus more on the agricultural sector reported a delay of harvest in the eastern United States are caused by very cold weather during October and early November and employment conditions also reportedly still in a weakened condition. This has caused the U.S. dollar had weakened in trading today and again pressed the U.S. dollar index to a range of 74.30. U.S. dollar is predicted to receive pressure from other strong currencies, especially the Euro currency.
The world has repeatedly experienced krisis.Dari regional in nature to the global nature. Indonesia, for example, have experienced the Asian crisis in 1997-1998.
This crisis originated from Thailand which although not spread far from East Asia and Southeast Asia. Recovery of the crisis occurred in 1999 and then we saw economic conditions in East and Southeast Asia including Indonesia continues improved. But in 2008 the world was a global crisis that started from developed countries are the United States. The whole world felt the impact. East Asian crisis and Southeast Asia (including Indonesia) in 1997-1998 began with the financial crisis then spread to the economic crisis. For Indonesia, this economic crisis also spread to the social and political crisis. While the global crisis also began with 2008-2009 financial crisis, followed by ekonomi.Fortunately, in this crisis, there was no social and political impact of the means.
Now many are saying that the global crisis was over. National income has increased lagi.But often said that the new restoration feels for the financial sector. While the economic sector recovery was more sluggish. Even the social impact of the crisis is still felt to this day. In a recent UNDP report (The Global Financial Crisis and the Asia-Pacific Region, 2009) argued that social recovery is usually slower than the economic recovery. Even the social impacts such as low nutrient in children can last forever.
Meanwhile, many parties are still troubling economic recovery of the world’s financial ini.Sistem the cause of all crises are the same as before the crisis. Financial sector is always growing fast, much faster than the growth sectors of the financial sector produksi. When needed to assist the growth of the production sector. Financial sectors like oil for motor vehicles can run with too much baik. when oil, motor vehicles would be shuffled and maybe even strike. That’s what happens when the financial sector drove rapidly, leaving growth in the production sector. This has repeatedly occurred.
Financial sector growth is remarkable, which is also reflected by the growth of national income, eventually followed by the financial crisis. Even worse, the dynamics of the financial sector is often highly dependent on? Gossip? Among investors in the sector this keuangan. When investors lose confidence, they trooped to sell their securities. Financial sector to fall and consequently make more confidencejatuh can fall so jauh.Bank hit economy sap. Read the rest of this entry »
Financial Stability Board established finance ministers of G-20 has made a list of 30 financial institutions and international banks that need special attention.
This is done to prevent the failure of global financial turmoil due to the potentially done by banks and financial institutions. “FSB (Financial Stability Board / Board of Financial Stability) has been included 30 banks and financial institutions as a source of systemic crisis for the global work area that belong to the company’s too big too fail (too big to fail). Behavior of shareholders and management policies into the supervision, “Said Finance Minister Sri Mulyani Indrawati in Jakarta.
In the Financial Times reported there are 24 banks and 6 insurance multinational institutions listed in FSB. They are spread in the UK, Europe, the United States, and Japan.
The 24 banks are Bank of America Merrill Lynch (BAC), Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley, Royal Bank of Canada, Barclays, HSBC, Royal Bank of Scotland, Standard Chartered, Credit Suisse, and UBS AG. There was also a BNP Paribas, Société Générale (France), BBVA (Spain), Santander (Spain), Mitsubishi UFJ, Mizuho, Nomura, and Sumitomo Mitsui (Japan). Read the rest of this entry »
U.S. dollar continued to decline to its lowest point in the last 15 months the euro. The weakening U.S. dollar triggered immediately jumps to the world gold price reached a new record again.
In trading Wednesday (25/11/2009) in New York, the euro rose sharply to 1.5127 dollars from 1.4959 dollars earlier on. Even the euro had reached its highest point in 15 months at 1.5144 dollars.
The dollar also slumped on the yen to 87.38 yen position, even had reached their lowest point in the last 14 years at 88.54 yen.
The weakening U.S. dollar occurs after the number of positive data from the U.S.. The data was released showing the people’s income rose 0.2% and consumer spending rose 0.7% during October, which helped sales rebound in automotive.
A report showing the unemployment insurance benefit claims fell to the U.S. its lowest point since September 2008. Figures are adjusted for new unemployment claims for week ending 21 November fell 35,000 to 466,000. Read the rest of this entry »
Bank Indonesia (BI) describes the various conditions that cause them to issue a recommendation that Century Bank is a bank that is a systemic failure that must be saved. BI do not want the crisis Volume II will be repeated if Century is not saved.
The conditions presented by the Acting Governor of BI Nasution Nasution at a press conference at the Ministry of Finance Building, Jakarta, Tuesday (24/11/2009) responding to the audit exit for CPC Century Bank bailout. In the investigation of audit of state assessment Century Bank of the rescue is less comprehensive and only a piece based on indicators.
So what factors underlying the Century Bank issued a recommendation should be saved? Read the rest of this entry »
U.S. Dollar continually experiencing weakening against other world currencies (depreciation) prompted fears the Chinese banking regulations, that that continues depresisi can trigger the increase in asset prices without supported by improving fundamentals perkonomian especially in Asian countries .
Liu Mingkan which is the top leadership of China Banking Regulatory Commission, stated the match with Donald Tsang in Beijing yesterday.
The second view is the same figure the economy in developing countries especially in Asia, will be the location of the flood of capital flows, especially from the United States with very low interest rates in the country.
The threat of flooding this capital flow bubble economy created dikahwatirkan, where economic growth will occur in Asia created by the flow of these funds, but the growth bubble may burst at any time if the flow of funds withdrawn to their home country.
Furthermore Mingkan Liu added that the low U.S. interest rates with the stipulation of the zero interest rate policy (ZIRP) and the likelihood of depreciation in the U.S. Dollar can last for 12 -18 months. This is important considering that the U.S. government to maintain growth and maintain stable public sector.
Thus, within 12 to 18 months is estimated at U.S. Dollar tends to move to weaken.
Australia experienced the addition of a number of labor 24 500 lives since last September, according to the release of Australian Bureau of Statistics today. The addition of the workforce in Australia is beyond estimation, which is expected to occur before the addition of unemployment of about 10 100 inhabitants.
The addition amount of labor is especially true in the natural resource sector, retail sector, service sector and employment-intensive such as the housing sector.
Increasing employment is the more solid mensinyalkan economic development kangaroo country, thus providing incentive for investors to appreciate against the Australian Dollar. Aussie this morning to the range observed strength is the range of 0.9369 to the strongest Aussie against the U.S. dollar this year. Read the rest of this entry »
Thinking that you can pay off the entire amount in time, you have borrowed money from various sources and spent a lot on credit. Things went wrong and you failed to repay the amount in time. Surrounded by a number of lenders, you feel like entrapped in the grip of an octopus and think that this is the end of the world. None can bail you out of this crunch! No, not really, with an appropriate debt help, you can still revive your finance.
The number of people suffering from b Read the rest of this entry »