Global
Projected price of Gold will Continue to Go Down
Predicted gold prices will continue to weaken in the coming weeks. This occurs because the potential for a stronger U.S. dollar against other currencies.
Stock market analyst Nico Omer explained for the next few weeks commodities markets will also likely depressed due to the strengthening of the dollar against the rupiah this.
“Gold is possibly bearish as the dollar strengthened and the potential world stock markets and commodity markets are likely to weaken over the next few weeks,” said Nico in a short message to Legal, Monday (02/13/2012). › Continue reading
Greece Meet debt restructuring stalemate
Euro-zone finance ministers said if the Greeks could not continue the agreement on debt restructuring.
As reported by Reuters expect the euro zone ministers had a meeting on Monday to complete a second bailout for Greece, which should have been done at least mid-March to avoid clutter. But the meeting was postponed because of the reluctance of Greece and is committed to reform.
Instead, the ministers held a meeting on Saturday last, to check the progress of the loan package, which is set at 130 billion Euro October.
“The main problem is the lack of reform, or lack of previous action in Greece,” said one official.
Meanwhile, the minister also said the euro zone are not satisfied with the Greek finance minister, Evangelos Venizelos because they believe the minister is more concerned with its position within the party ahead of April elections, rather than talk about reform. › Continue reading
Earn $ 5 M, IPO Facebook the Largest-4 in the U.S.
Facebook targeted $ 5 billion from the results listed its shares on the stock exchange (initial public offering / IPO). This is one IPO with the largest value ever.
Managing social networking site in the world’s largest record mencenangkan performance. The company’s net profit was initiated by Mark Zuckerberg is up 65 percent to $ 1 billion in 2011, while revenues recorded $ 3, 71 billion.
In the prospectus, is mentioned as much as 85 percent in 2011, the company’s revenue comes from advertising.
“There is great need and great opportunity to make everyone in the world connected. To give space to people and change society. The technology and infrastructure to be built today is unprecedented,” Zuckerberg said as quoted by Reuters on Thursday (2 / 2 / 2012). › Continue reading
Oil Prices Touch USD100/Barel Thanks to the Fed
Crude oil prices rose again due to the central bank’s plan of the United States (U.S.) or U.S. Federal Reserve (Fed) to maintain its interest rate until the end of 2014.
After meeting to discuss the policy, which took place over two days, the Fed declared the U.S. economy is sufficiently developed, despite the global economic slowdown, the U.S. unemployment rate is still high and the economy faces significant downside risks.
“This bodes well for the U.S. dollar to strengthen, and higher commodity prices as the Fed will continue to restrain inflation as part of efforts to revive the U.S. economy,” said Again Capital LLC, John Kilduff, in New York, as reported by Reuters , Thursday (26/01/2012).
“We saw some policymakers in the Fed, choose to see the first increase in interest rates this year, with several others looked at the increase in 2016. In terms that might be a long-term investors may be detained, on accommodation policies of the Fed,” said PFGBest Research analyst Phil Flynn in Chicago. › Continue reading
ILO: World Need 600 Million Jobs
International Labour Organizations (ILO) to assess the needs of workforce jobs is more urgent now. This institution asserted need 600 million new jobs within the next 10 years.
“Despite heavy government efforts, the job crisis continues. One in three workers worldwide, or 1.1 billion people estimated unemployed or living in poverty,” said ILO Director-General Juan Somavia, as reported by the Straits Times, Tuesday (24 / 1 / 2012).
According to him, what is needed now is to create new jobs in the real sector, which should be priority number one side.
“Whether or not we recover from this crisis will depend on how effective government policies,” he said. › Continue reading
Gold Prices Rise Again
Gold prices moved higher after Standard & Poors downgraded the debt of nine European countries that became negative centimeters.
After this step the S & P, the pressure to complete the negotiations for Greece in order to avoid a loan default status (default).
Meanwhile, investors also pay attention to China’s economic data which is an indicator of economic growth for Asia. China will announce the figures gross domestic product (GDP) in 2011.
As quoted by Reuters on Tuesday (1/17/2012), the price of gold moved higher 0.1 percent to USD1.645, 6 per ounce. While the U.S. gold prices rose nearly one percent to USD1.646, 3. › Continue reading
S & P Lower Debt rating 9 European Countries
Standard & Poor’s downgraded the debt of nine euro zone countries. France and Austria should be dropped from the highest debt rating of triple A. But Germany’s debt ratings unchanged.
“The decline in ratings these days because the assessment of policy initiatives taken by European policy makers in recent weeks may be insufficient to fully address the ongoing systemic pressures in the euro zone,” said lambaga US-based agency said in a statement like this quoted by Reuters on Saturday (01/14/2012).
S & P cut ratings Italy, Spain, Portugal and Cyprus as much as two levels and standings Prrancis, Austria, Malta, Slovakia and Slovenia down one level. This downgrade puts Italy in the position of BBB +, as ranked Kazakhstan. While Portugal is now junk status. › Continue reading
The impact of European Downgrade, Price of Oil sales drop
Oil prices moved lower due to renewed concerns about the economy in Europe because of the Standard & Poor’s has downgraded the debt of government of France, Austria and other European countries.
Benchmark states that crude oil dropped from 40 cents to finish at USD98, 70 per barrel in New York. Brent crude oil, down 70 cents to USD110, 35 per barrel in London.
As quoted by the Associated Press (AP), Saturday (14/01/2012), the S & P has lowered the debt rating of nine European countries like France, Austria, Italy and Spain. But Germany’s debt rating at the AAA level. › Continue reading
American Keep track of Trafficking Violations in China
President of the United States (U.S.), Barack Obama intends to make a team (task force) to monitor and respond to possible violations by China’s commercial trade.
Wall Street Journal reported, as reported by the Straits Times, Wednesday (01/11/2012), although the team has a name in general, specifically targeting Beijing.
The team will involve the Ministry of Finance, Ministry of Commerce, and the Department of Energy, as well as U.S. trade representative’s office. This was reported after Treasury Secretary Timothy Geithner was in Beijing.
Nevertheless, the White House would not confirm the report. But Obama spokesman Jay Carney said the government would continue to press China to the lowest level for American workers and employers. › Continue reading
ECB Predicted to Hold the Interest Rate
The analysts predict the European Central Bank (ECB) is likely to hold interest rates are usually done at the monthly meeting after the two consecutive months trimmed.
Analysts believe, with the problem of European debt crisis and economic downturn has prompted the ECB immediately set rates at levels below one percent at this time.
ECB President Mario Draghi said in a statement, as reported by the Straits Times, Wednesday (11/01/2012), on Thursday told a press conference tomorrow will tell me more about how soon the ECB thinks the European economy slows.
Then the steps of what will be done in anticipation of the spread of the crisis caused enormous debt in 17 countries using the euro as their currency. › Continue reading