Posts Tagged ‘Countries’
The Government of Japan for the first time in six years to intervene in currency markets by buying dollars in order to resist the strengthening yen.
Although the government did not say exactly how much the dollar value of purchases, a number tradermemperkirakan amounts to 300-500 billion yen ($ 3 0.6 to 6, 02 billion).
A number of reports compiled Reutersada also mention the intervention of 100 billion yen. Action is the first intervention by the Government of Japan from 2003-2004 with total purchases of dollars when it reached 35 trillion yen.Sejak 1991 Japanese government intervention to resist the strengthening yen has reached 64.5 trillion yen.
Some time after the intervention the yen yesterday, the United States dollar (U.S.) rose two percent more to be above 85 yen, lowest in 15 years. Whereas previously the dollar was at 82.87 yen positions. Read the rest of this entry »
Sixty countries will propose a tax on international financial transactions that could generate 40 billion euros ($ 50 billion) per year is spent for development.
“Taxes are what we propose is five cents of every 1000 euros, this is not much, but enough to start this movement,” said French Foreign Minister, Bernard Kouchner, quoted by the AFP on Thursday (02/09/2010).
He added, this value is equivalent to 30 billion euros to 40 billion euros per year. This is to say when he hosted a meeting of officials from 12 countries gathered in Paris to review the expert advice on the initiative on behalf of the 60 countries involved.
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PT Krakatau Steel (KS) listed the value of exports amounted to USD105 million-$ 140 million that the majority of hot rolled products derived from coal (HRC).
VP Corporate Communication Hernawan KS Interview be explained if the export state-owned steel producers is only equal to 10 percent. “Right now exports only 10 percent of total production, we export kinds of HRC,” he said in Jakarta on Friday (13/08/2010).
He revealed if HRC production company reached two million tons, in which the exported approximately 150 thousand-200 thousand tons. With an average price of approximately USD700 per ton.
Henry also said if the export destination countries including Japan, Australia, India and the United States.
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A number of Asian countries including Indonesia, are now also preparing the policy steps out of the state of emergency (emergency).
In fact, countries in Asia have started to implement measures that indicate the signal out of a crisis situation.
Like India, the Philippines, and China began to withdraw liquidity from the market. This is believed to be a good move for the state of the economy in the future,” said Chief Economist Indonesia Economic Monitoring (IEI) Sunarsip,
While China, Indonesia, India, Korea, and Taiwan is expected to start increasing the policy interest rate gradually.
For countries energing market mainly incorporated in the BRIC (Brazil, Russia, India and China) is currently showing growth rates that are different. This is evident from the movement of the level of Purchase Managers Index (PMI).
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