Posts Tagged ‘Economic’
An international rating agency Standard & Poor’s (S & P) downgraded the debt the United States (U.S.) to AA + from AAA earlier. S & P also affirmed the A-1 + for short-term rating.
U.S. rating is lowered because of the uncertain political situation, the U.S. burden of his debts increased, and a negative outlook.
In addition, the decline in the U.S. also ranked with respect to effectiveness, stability, and predictability of U.S. policy and political institutions have weakened during the fiscal and economic challenges that are being prolonged. Therefore, the S & P had already been giving a negative view of the U.S. ranked last on 18 April 2011.
S & P gives the prospect the U.S. long-term debt rating is negative. S & P also downgraded the long run to AA earlier in the next two years if there is a higher expenditure than previously agreed.
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Stocks on Wall Street closed higher again in the trading session that is not too crowded. Shares of the transport sector scored most scintillating performance during trading.
Strengthening the shares held by the negative sentiment debt downgrades Portugal, which further eroded banking shares. Rate hike in China is also a concern of investors.
In trading Wednesday (06/07/2011), the Dow Jones industrial average closed up 56.15 points (0.45%) to a level of 12626.02. The broader Standard & Poor’s 500 rose 1.34 points (0.10%) to a level of 1339.22 and the Nasdaq gained 8.25 points (0.29%) to a level of 2834.02.
The Dow Jones Transportation Average closed up 1.2% and rose to a record high of 5566.07. The increase was led by rising shares of Con-Way Inc. up to 5.7%, after announcing improvements with improved economic well-being of employees.
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Stock prices fell on Wednesday, driven by rising concerns Greece’s debt low.
As for Moody’s Investors Service said it would cut its credit ratings of French banks, thus making a direct financial sector sinkhole, in addition to the debt factor Greece.
In addition, data released by the United States (U.S.) indicate a loss in the future. The data showed the U.S. economy will face a price-higher prices and weak growth.
Dow Jones Industrial Average (DJI) dropped 178.84 points, or 1.48 percent, to 11897.27 position. The Standard & Poor’s 500 (SPX) fell 22.45 points, or 1.74 percent, to 1265.42. While the Nasdaq Composite Index (IXIC) dropped 47.26 points, or 1.76 percent to a level of 2631.46.
Known, the decline for the shares exceeded insurance wider market, where the KBW Insurance Index (KIX) was recorded fell by three percent. Allstate lost 2.5 percent to $ 29, 48.
Meanwhile, energy stocks also pressured the market as signs of economic slowdown worries about demand, sending crude oil to its lowest level since February.
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Asian Development Bank (ADB) to assess climate change can have a major impact on economic growth in Asia. The results of a recent ADB study about climate change in Southeast Asia show, the total cost of losses due to climate change is quite large.
If nothing is done, then the total cost of climate change for the country of Indonesia, the Philippines, Thailand, and Vietnam could reach a combined 6.7 percent of GDP every year until 2100.
Not only that, a sustainable economy will not be able to walk if each country does not reduce the number of carbon emissions. According to him, handling the impact of climate change must go and do one by one together.
Asia should be able to grow ‘green’. Read the rest of this entry »
India today approved the construction of steel plant owned by South Korean manufacturers (South Korea) Pohang Iron and Steel Company (POSCO) worth USD12 billion.
This is the largest foreign investment deal in India since the market reforms in 1991. POSCO agreement with the Government of India is a test for foreign investors wishing to enter one of the countries with the largest economy in Asia itu. the plan will deal with the governance of social life in India, especially in rural areas that in fact give priority to agricultural land for the economy.
Indian Environment Minister Jairam Ramesh has given conditional permission for POSCO plant with a capacity of 12 million tons of it in 2005. POSCO The new plant will be built in the eastern state of Orissa. “Projects like the POSCO has the meaning of economic, technological, and strategic enough for the country,” said Ramesh was quoted as saying by AFP.
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Europe yesterday introduced the crucial steps in an effort to end the budget deficit and the spread of debt in the eurozone area.
In the latest scheme through a new era of European coordination was mentioned that the national budget in the future will be under the supervision of the European Union (EU) prior to the enforcement of government of each country.
The policy describes the lessons from the euro zone debt crisis that now threatens Portugal and Spain. The EU agreed a series of steps to assure the market. New economic measures that brought them are EU that is “half of Europe.”
This is a program to coordinate economic policy and budgets in the middle of fiscal disaster. The debt crisis has previously claimed that cause of Greece and Ireland received bailout funds from the EU and the International Monetary Fund (International Monetary Fund / IMF) last year.
This initiative will bring the EU closer to the elusive goal in the economic order of 27 member states. This is referring to some differences in the economic base that relies on exports such as Germany, France-based modern agriculture, and Poland with the communist. Read the rest of this entry »
China’s export growth in November reported a stronger than expected, thereby increasing concerns about soaring inflation.
as quoted by the BBC, Panda’s Domestic exports in November rose 34.9 percent compared to same period previous year. Meanwhile, imports in November also increased by 37.7 percent.
However, the import surge was not enough to stop the widening trade surplus of 15 percent when compared to the previous year to nearly USD23 billion. Along with that, the rate of inflation in November is expected to rise to 5.1 percent.
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War America vs. China’s currency is very detrimental to the State Superpower. So far the U.S. continues to build support in various international forums, that China would release a little grip on the yuan, so the price is too low. But those efforts have not produced results.
Do not stay silent, the country led by President Barack Obama is taking concrete steps. One of them, the U.S. Federal Reserve (the Fed) to buy more U.S. government bonds. Thus can reduce the interest rate and pressure the dollar. If the U.S. dollar price declines, the price of Uncle Sam in the world market could be more competitive than China. It is expected that unemployment rate will go down.
A number of countries, including Thailand, Brazil and Indonesia, already wary of monetary policy and began to worry about negatively affected, such as inflation, bubbles in the stock market, until the economic system instability.
The plan, the leaders of the G20 countries will meet November 11 to 12. Such issues will be talks. It is quoted from the Associated Press (AP)
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German Federal Statistics Office announced the achievement of German exports in September 2010 increased by 22.5 percent compared with same period in 2009.
Germany became one country that is running the post-crisis economic improvement. Office based in Wiesbaden said that at the initial rate was observed to increase exports of 86.9 billion euros (USD122, 4 billion) during the period.
As quoted by the Associated Press (AP), Monday (08/11/2010) in September 2009 exports only amounted to 70.9 billion euros.
Meanwhile, imports also recorded increased 18 percent to 70.1 billion euros (USD98, 7 billion) in September. Germany’s foreign trade balance also showed a surplus of 16.8 billion euros (USD23, 6 billion) during the period, compared to that achieved last year which only amounted to 11.5 billion euros (USD16, 2 billion). Read the rest of this entry »
Surviving the Singapore Stock Exchange (SGX) and Australian Stock Exchange (ASX Ltd) makes the new power in Southeast Asia regional stock markets. Indonesia Stock Exchange was directly increasingly visible power.
“For those of IDX will menguntugkan because of the SGX appear to be a strong regional exchanges. Indonesian will be more visible,” said Director of BEI, Ito Warsito after the EGM at the Ritz Calton Hotel, Pacific Place SCBD, Jakarta, Thursday (28/10/2010).
Merger of the two exchanges in both countries is also not something to worry about. Because the growth index between SGX who bought ASX worth U.S. $ 8.2 billion, has a different character.
“The impact will be minimal, because this merger will not affect you significantly, in terms of business potential. The benefit of Singapore, the ASX consolidate the financial statements will grow,” Read the rest of this entry »