Posts Tagged ‘Finance’
Italian Economy Minister Giulio Tremonti proposes to issue euro bonds in response to the debt crisis in the European zone ahead of the French-German meeting next week.
proposal was intended as a solution of the debt crisis that hit the euro zone. However, the idea was rejected by German Finance Minister Wolfgang Schaeuble, who said that the issuance of the bonds will actually undermine the basic functions of the single currency to weaken fiscal discipline among member countries.
Meanwhile, the British finance minister George Osborne said if maybe it takes a fiscal union for the euro zone region as a solution to the crisis that hit the euro zone.
As is known, Italy has the second highest burden of public debt in the euro zone that is 120 percent of Gross Domestic Product (GDP). Read the rest of this entry »
United States (U.S.) returned a record debt, can now be included in the category of countries with high debt or highly Indebted countries kinship with Italy and Belgium.
U.S. debt record is printed after the superpower it adds to the debt of U.S. $ 238 billion to a total of U.S. $ 14.58 trillion, or almost 100% of U.S. GDP in 2010 amounted to U.S. $ 14.53 trillion. Number of U.S. debt has also meant increased compared to last year’s U.S. debt limit of U.S. $ 14.29 trillion.
Additional U.S. debt amounted to U.S. $ 238 billion proposal came after the U.S. debt limit increase approved by Congress and the U.S. Senate. President Barack Obama has also signed the Act increases the debt limit to avoid default.
According to data reported by AFP on Thursday (04/08/2011), the official has raised the debt limit of $ 400 billion on Tuesday, August 2 and will be raised in few stage in 18 months. Read the rest of this entry »
Ministry of Finance approved the five sectors eligible for tax holiday incentive. However, incentives can not be said to be complete.
This tax holiday incentives still requires a number of finalization, are still going to prepare a number of related revisions.
Found separately, Coordinating Minister Hatta Rajasa Perekonomaian express a given industry is an industry that has a future or innovative. “Suppose to say refinery or petrochemical-based raw materials, and also holds an incredible workforce a lot,” said Hatta.
The shape of the tax holiday, said Hatta, the incentives given in accordance with the demands and needs of investors (tailor made). “The criteria, more to the framework, but rather the later execution tailor made,”
Gold prices again weakened the dollar because the United States (U.S.) who began to strengthen after the Fed’s comments on U.S. economic growth will slow, but he did not give further instructions related to the stimulus.
The dollar rose against the euro and other currencies after the Fed said it would end its economic stimulus program worth $ 600 million at the end of this month. These funds are used for programs to buy government bonds in order to stimulate the economy.
Gold fell $ 6, 74 to USD1.546, 66 an ounce after earlier at USD1.557, 75 on Wednesday (22/06/2011). The price of gold itself touched its highest level in history USD1.575 on 2 May.
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Tokyo city, capital of Japan, re-occupied the position as the most expensive city in the world based on the results of a survey of global human resources company Employment Conditions Abroad (ECA) International.
Last year, Tokyo also finished top in the same survey. How expensive cost of living there? Please you can imagine and compare a few examples. There, a film screening tickets priced at USD24. For a bottle of beer, someone had to pay at least USD11.
Tokyo is known as the most populous areas in Japan as well as the world’s largest metropolitan area with a population of nearly 34 million people. Until now, Tokyo is still one of the three world financial centers, with the New York and London. Apart from Tokyo, there are three other cities in Japan which entered the top 10 most expensive cities in the world version of the ECA.
Nagoya City occupies the top three, Yokohama number five, and Kobe in the ninth position. The second most expensive city in the world is Oslo. The capital of Norway is a center of commerce, shipping, and finance. The cost of lunch there for about USD45. Price $ 8 a dozen eggs, 5. While the movie tickets costing $ 18, 8.
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The International Monetary Fund (IMF) had of agreed to provide bridging finance to Ireland worth USD225 million to resolve the crisis.
The IMF said that the Irish economy will likely grow again this year. But however the Irish were predicted to face the risk of inflationary pressures, delays in investment, unemployment and slow growth associated with debt restructuring that occurred in the private sector.
It also affects the strategy of the Irish themselves to control their spending as a strategy to be careful.
Given the tremendous potential out of funds, elimination of budget control should be resumed gradually. The government should give attention to this condition in which the speed of liberalization on the balance of payments can provide the appropriate financial stability.
Ireland said it also warns about the need to continue strengthening the financial institution to maintain its balance sheet in order to stay positive. The country also has to manage those obligations since 2008. Like for example the takeover of the failed Landsbanki bank financially healthy. Read the rest of this entry »
The news about Greece’s debt crisis and the weak U.S. economic data took the euro reached a new highest level in 3 weeks against the dollar in trading session Tuesday.
Citing statements from sources that are not to be identified, the Wall Street Journal writes that Germany is no longer considered to urge Greece to reschedule its debt. The news came as European intensive effort for an additional bailout packages for Greece and the statement the group chairman of Euro zone finance ministers Jean-Claude Juncker who on Monday expressed optimism that Greece will soon get a package of assistance needed.
Meanwhile, data released overnight showed U.S. economic conditions worsened. U.S. consumer confidence fell sharply in May, from 66.0 (after revised) to 60.8. Sharp down consumer confidence could have a significant impact for the U.S. economy. Consumer spending is the backbone of the U.S. economy that plays a major role in boosting economic growth since the recession.
Other U.S. data showed more signs of weakening property sector. House price index from the S & P / Case-Shiller fell 4.2 percent in the first quarter following a 3.6 percent decline in the fourth quarter before.
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French Finance Minister Christine Lagarde emerged as Europe’s choice to head the IMF. With the rapid advancement of this Lagarde, prospective Turkish Kemal Dervis automatically be eliminated.
The IMF itself has been led by Europeans since 1946. Analysts said Lagarde big chance to replace Dominique Strauss-Kahn as IMF managing director, after Strauss-Kahn resigned to deal with cases of sexual violence in New York.
Lagarde practical could come as the EU candidate to replace Dominique Strauss-Kahn as IMF managing director. “He’s the front runner at this stage, but the race has not started yet,” said former IMF economist Michael Mussa
Meanwhile, Turkey is highly respected economist and also former head of the UN Development Program Kemal Dervis Lagarde ruled out his candidacy in advance of this. While Dervis has been widely accepted and regarded as a good candidate for developing countries and the European Union. Read the rest of this entry »
Gold traded in the world today the level of USD 1490.75 per onz or only edged up 0.1 percent. Prediction for today’s gold itself will remain stable.
This precious metal commodities stable because there are still fears of rising inflation Europe. Since last April inflation, spending in the energy sector and swell so that was a reason for investors to retain the gold that is not affected by inflation.
Monday, Europe’s finance ministers approved a loan to Portugal amounted to 78 billion euros, concerns about the debt crisis has helped the Euro exchange rate rises after seven weeks ago slumped against the U.S. dollar.
Milliuner George Soros himself throw $ 800 billion of its shares in the first quarter of this year, while John Paulson keep the SPDR Gold Trustny savings are great because the price is sure to remain stable. Read the rest of this entry »
The exchange rate this time is predicted to move within a limited range because investors tend to wait and see.
This is because the wait and see the important data in the form of data such as unemployment rates, jobs and the economy in countries like the United States (U.S.) and Europe.
Furthermore, that in situations like this, where U.S. and European economic conditions improved, is not favorable for the movement of his own dollars.
Dollar currency is one of the most sought, if economic U.S. and Europe improved in line with the strengthening of the rupiah, investors tend to choose Indonesia as a place to invest in Indonesia because the yield is greater than in those countries. Read the rest of this entry »