America's largest banks are Bank of America Chairman of the Board's financial situation last year failed to buy Merrill Lynch in the direction of the pressure on the Bush government said.
Members of Congress to make a statement that Kenneth Lewis, the Minister of Finance of the Bush administration by Henry Paulson, Merrill Lynch were forced to purchase, otherwise with their other duties of board members will be taken in the direction they were threatening announced.
For the two banks merged, the U.S. government spent 20 billion dollars.
Lewis, however, shares of Merrill Lynch financial situation has been difficult to keep the news of the rejected information. Bank of America president, during that time period to buy Merrill Lynch to stop the economy worse, he also concerned said.
14 Haziran 2009 Pazar
OPEC oil was left behind for the worst
Organization of Petroleum Exporting Countries (OPEC), oil inventories in their increasingly expected to be reported to the normal level.
Global oil consumption forecasts for this year, the OPEC lowered once again, on an annual basis, 1.62 million barrels a day to reduce 2009 consumption of 83.8 million barrels was envisaged.
OPEC Monthly Oil Market Report assessed, "We must be the worst days were behind. Must have seen the peak of the stock" was said, and seasonal demand, a gradual decline in oil inventories to create specified.
OPEC excluding Iraq, total daily production of assessed amount of 25.78 million barrels in April, when, in May rose to 25.90 million barrels.
The crude oil price watch very turbulent 2008 to 147 dollars per barrel seen in July, but in December had fallen to around 32 dollars. Prices then rose to twice that level. Indicators of U.S. crude oil price today was watching TSI 1345'te around 71.50 dollars.
Last year 4.2 million barrels per day production, the demand for the world until about 5 per cent reduction has been decided that the OPEC, supply more effort into the market rally of the world and all of the oil stocks are falling will provide.
Global oil consumption forecasts for this year, the OPEC lowered once again, on an annual basis, 1.62 million barrels a day to reduce 2009 consumption of 83.8 million barrels was envisaged.
OPEC Monthly Oil Market Report assessed, "We must be the worst days were behind. Must have seen the peak of the stock" was said, and seasonal demand, a gradual decline in oil inventories to create specified.
OPEC excluding Iraq, total daily production of assessed amount of 25.78 million barrels in April, when, in May rose to 25.90 million barrels.
The crude oil price watch very turbulent 2008 to 147 dollars per barrel seen in July, but in December had fallen to around 32 dollars. Prices then rose to twice that level. Indicators of U.S. crude oil price today was watching TSI 1345'te around 71.50 dollars.
Last year 4.2 million barrels per day production, the demand for the world until about 5 per cent reduction has been decided that the OPEC, supply more effort into the market rally of the world and all of the oil stocks are falling will provide.
ECRI: "U.S. Economic Growth Index to the highest output of 34 weeks"
Economic cycle in the U.S. Research Institute (ECRI), the leading indicators index increased weekly. Accordingly, the index on the week of June 05 the level of 113.5 from 115.4 the previous week 'e çıktı. Annual display - 7.1% from the level - 4.7% to increase. ECRI General Manager Rakamlari evaluate Lakshman Achutha, "Index of the developments envisaged revival was quickly revived
has shown, "he spoke.
has shown, "he spoke.
Euro area at a rate of 21 per cent decline in the industry
In the Euro area, including sixteen of the country industrial production, 21.6 per cent contraction in the month of April as the date had the hardest fall.
Euro zone industrial production in January at 16.5 percent, 19.1 percent in the month of February and March had decreased 19.3 percent. According to EU statistics agency Eurostat'ın data, industrial production in April declined 27-member EU is 19.4 percent. The most rapid decline in April industrial production 33.7 percent of the EU members' yle Estonia, 24.9 per cent with Slovenia, 24.5 percent with Lithuania, 24.2 per cent 'd, and Italy 23.2 per cent' d been ranked as Germany. In this period of industrial production in Spain, 19.7 percent, 19.4 percent in France, the Netherlands 17.2 per cent and 12.3 per cent in the UK has experienced loss.
Euro zone industrial production in January at 16.5 percent, 19.1 percent in the month of February and March had decreased 19.3 percent. According to EU statistics agency Eurostat'ın data, industrial production in April declined 27-member EU is 19.4 percent. The most rapid decline in April industrial production 33.7 percent of the EU members' yle Estonia, 24.9 per cent with Slovenia, 24.5 percent with Lithuania, 24.2 per cent 'd, and Italy 23.2 per cent' d been ranked as Germany. In this period of industrial production in Spain, 19.7 percent, 19.4 percent in France, the Netherlands 17.2 per cent and 12.3 per cent in the UK has experienced loss.
07 Haziran 2009 Pazar
Better than not bad enough
Non-agricultural employment in the economy of the United States in May, below expectations while the unemployment rate of serious rise in Wall Street is confused.
Some economists and data can be perceived positively, to reflect delayed recovery of the unemployment, figures in the 4th s defense will increase in a quarter.
Some of the expectations of analysts in the agricultural employment increased unemployment, but anxious to increase the half-points.
Wall Street in recent times in terms of positive data, and "bad than good" was evaluated in the direction of the data retrieval. Latest unemployment numbers might start to change this perception revealed.
Indexing after the start of the day to purchase up to the close of this course is difficult to maintain. With the S & P 500 and Nasdaq on sales profit decline was closed. However, the indexes managed to close in the third week plus.
Last week, the Dow Jones 3%, 2% S & P 500, NASDAQ has been completed by 4% rise.
U.S. stock market, the monthly employment data to assess the conflicting marks to the side of investors S & P 500 and NASDAQ captured a decrease in the Dow Jones experienced a slight rise, while the day was complete. Investors, the market's recent rise to receive the earnings in the last period has been directed to sales of shares outstanding.
Employment data for the month of May with investors evaluate the results of a wavy course, the market was in the beginning, but later dropped the trend has been the rise.
Ministry of Labor in May, the U.S. non-agricultural employment decreased 345 thousand announced. The data was well below analysts estimates. However, with 9.4% unemployment rate in the United States since 1983 reached the highest level.
In particular, the increasing unemployment rate, even after the last recovery point for the U.S. economy, revealed that the protection of uncertainty.
Investors, the market gained in the last period for materials, energy, financial and technology shares in the profits were directed to sell.
Chevron shares and 0.6% for 5.5% Newmont Mining shares lost 2.3% while JP Morgan shares declined.
Dow Jones Industrial% 0.15 value at the 8.763 level, Standard & Poor's 500 Index lost% 0.25 for the 940.09 level and the Nasdaq Composite Index lost 1.849% at the level of 0:03 for the day was complete.
World's largest chip manufacturer Intel in global chip sales will decline toward an estimated 1.3% decline, after losing for the Nasdaq stock has been assessed most.
Semiconductor shares index declined nearly 2%.
The world's largest retailer Wal-Mart's shares for 15 billion dollars back to make a purchase, but the company's shares announced by the gain value was 0.4%.
Trend rise in U.S. treasury bonds usually took weeks. 3.83% week 10 year-term bonds with interest rates were close. This term interest rates around 3% in two weeks.
Some economists and data can be perceived positively, to reflect delayed recovery of the unemployment, figures in the 4th s defense will increase in a quarter.
Some of the expectations of analysts in the agricultural employment increased unemployment, but anxious to increase the half-points.
Wall Street in recent times in terms of positive data, and "bad than good" was evaluated in the direction of the data retrieval. Latest unemployment numbers might start to change this perception revealed.
Indexing after the start of the day to purchase up to the close of this course is difficult to maintain. With the S & P 500 and Nasdaq on sales profit decline was closed. However, the indexes managed to close in the third week plus.
Last week, the Dow Jones 3%, 2% S & P 500, NASDAQ has been completed by 4% rise.
U.S. stock market, the monthly employment data to assess the conflicting marks to the side of investors S & P 500 and NASDAQ captured a decrease in the Dow Jones experienced a slight rise, while the day was complete. Investors, the market's recent rise to receive the earnings in the last period has been directed to sales of shares outstanding.
Employment data for the month of May with investors evaluate the results of a wavy course, the market was in the beginning, but later dropped the trend has been the rise.
Ministry of Labor in May, the U.S. non-agricultural employment decreased 345 thousand announced. The data was well below analysts estimates. However, with 9.4% unemployment rate in the United States since 1983 reached the highest level.
In particular, the increasing unemployment rate, even after the last recovery point for the U.S. economy, revealed that the protection of uncertainty.
Investors, the market gained in the last period for materials, energy, financial and technology shares in the profits were directed to sell.
Chevron shares and 0.6% for 5.5% Newmont Mining shares lost 2.3% while JP Morgan shares declined.
Dow Jones Industrial% 0.15 value at the 8.763 level, Standard & Poor's 500 Index lost% 0.25 for the 940.09 level and the Nasdaq Composite Index lost 1.849% at the level of 0:03 for the day was complete.
World's largest chip manufacturer Intel in global chip sales will decline toward an estimated 1.3% decline, after losing for the Nasdaq stock has been assessed most.
Semiconductor shares index declined nearly 2%.
The world's largest retailer Wal-Mart's shares for 15 billion dollars back to make a purchase, but the company's shares announced by the gain value was 0.4%.
Trend rise in U.S. treasury bonds usually took weeks. 3.83% week 10 year-term bonds with interest rates were close. This term interest rates around 3% in two weeks.
Economic growth in Russia is expected
Assistant Finance Minister Andrey Klepaç Russia, the Russian economy in 2010 to 1.2 per cent - a growth of 1.3 would occur, he said. 7 percent in the period 2000-2008 average growth in the economy of Russia, between 8-10 per cent in 2009 is expected to shrink.
For long-term growth in the economy of Russia will be effective until the process of restructuring the Klepaç, "small-scale growth in the near future to look forward. But the 10 percent growth in the 4-5'lik can not see." he said. Then known as Russia's Davos St. Petersburg economic forum since 1997, is ongoing. Representatives from 70 countries participated in the forum was negotiated solution to the global economic crisis.
Russia World Bank and the Minister of Finance Aleksey Kudrin, such as the International Monetary Fund has recommended the restructuring of global financial organizations. Russian President Dmitri Medvedev in his speech also want to do work on the new reserve was established.
The first time Russia summit held in the framework of the International Grain Forum. Petroleum and natural gas outside of Russia who want to diversify export products, the importance of grain is exported. Russia more than 50 countries in 2008 to beat the record by 20 million metric tons of grain was exported.
For long-term growth in the economy of Russia will be effective until the process of restructuring the Klepaç, "small-scale growth in the near future to look forward. But the 10 percent growth in the 4-5'lik can not see." he said. Then known as Russia's Davos St. Petersburg economic forum since 1997, is ongoing. Representatives from 70 countries participated in the forum was negotiated solution to the global economic crisis.
Russia World Bank and the Minister of Finance Aleksey Kudrin, such as the International Monetary Fund has recommended the restructuring of global financial organizations. Russian President Dmitri Medvedev in his speech also want to do work on the new reserve was established.
The first time Russia summit held in the framework of the International Grain Forum. Petroleum and natural gas outside of Russia who want to diversify export products, the importance of grain is exported. Russia more than 50 countries in 2008 to beat the record by 20 million metric tons of grain was exported.
3-4 years is provided in confidence to Ruble
Russia because of the Minister of Finance Aleksey Kudrin yaşanan controlled economic crisis after the devaluation, 3-4 rubles per year, but the right can be trusted announced. St. Petersburg International Economic Forum held in participating in the evaluation Kudrin, "after such a crisis, we need 3-4 years to secure national rules." he said.
Ruble's international reserves to be established financial system, the legal infrastructure to make changes and macroeconomic indicators well have addressed that with Kudrin, "Ruble's reserves to be established budget deficit and inflation is low, the balance of payments of the stable should be." has identified.
To prevent the rapid decline of the ruble spend 30 billion dollars in 2010 Russia Central Bank to implement a course to put more liberal. Accordingly, the ruble against the dollar and euro basket by the value in the 26-41 level will be expanded.
Reserves are expected to COMPLETED EARLY
The world's third largest reserves after China and Japan have the economic crisis caused by Russia's reserves are continuing to thaw. The economic forum Kudrin noted that the table is larger than expected, scheduled for 2010 worth $ 7 billion of debt exceeds the target can be made. To give 10 billion dollar IMF Kudrin predicted support will be delayed a year reminded.
Soviet period, oil and natural gas revenues with the remaining external debt is running close to Russia's foreign debt has also increased. As of May 1 outside of the public debt increased by 7.8 percent to $ 41.5 billion was reached. At the end of 2009 and is continuing to increase the budget deficit. Year-end target of 9 per cent of gross national hasıla. Russia's reserve fund or to 3.127 trillion rubles (100 billion dollars) declined. For the first six-month period, the amount spent in the budget deficit is 1.6 trillion rubles.
Ruble's international reserves to be established financial system, the legal infrastructure to make changes and macroeconomic indicators well have addressed that with Kudrin, "Ruble's reserves to be established budget deficit and inflation is low, the balance of payments of the stable should be." has identified.
To prevent the rapid decline of the ruble spend 30 billion dollars in 2010 Russia Central Bank to implement a course to put more liberal. Accordingly, the ruble against the dollar and euro basket by the value in the 26-41 level will be expanded.
Reserves are expected to COMPLETED EARLY
The world's third largest reserves after China and Japan have the economic crisis caused by Russia's reserves are continuing to thaw. The economic forum Kudrin noted that the table is larger than expected, scheduled for 2010 worth $ 7 billion of debt exceeds the target can be made. To give 10 billion dollar IMF Kudrin predicted support will be delayed a year reminded.
Soviet period, oil and natural gas revenues with the remaining external debt is running close to Russia's foreign debt has also increased. As of May 1 outside of the public debt increased by 7.8 percent to $ 41.5 billion was reached. At the end of 2009 and is continuing to increase the budget deficit. Year-end target of 9 per cent of gross national hasıla. Russia's reserve fund or to 3.127 trillion rubles (100 billion dollars) declined. For the first six-month period, the amount spent in the budget deficit is 1.6 trillion rubles.
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