Finance Online

700 billion U.S. dollars rescue package was rejected - financial magazine "video"

2009-01-29T11:03:00.000-08:00

U.S. rescue package finally passed impact on the global economy - financial magazine (20,081,007) (English)

2009-01-29T10:54:00.002-08:00

U.S. Comments: globalization, the virus attacks Davos

2009-01-29T10:54:00.001-08:00

The following is the Secretary-General, A World To Win Corinna -洛茨(Corinna Lotz) in the blog of the Davos World Economic Forum written commentary.

For a tourist destination for those who come to Davos to participate in the annual World Economic Forum (WEF) of the participants think about 2500 participants, including the treatment of 41 leaders of various countries has declined from Dom Perignon champagne this top down as an ordinary champagne, and according to the local hotel reflect, some representatives of late or even demotion from the champagne for white wine.

However, they face the real problem is the so-called "Davos consensus" is now toppling齑粉, that is, free market capitalism, globalization may create a better and better world consensus, the consensus so far in Davos or similar popular gathering. WEF founder and economist Klaus - Schwab even believe that the current economic downturn has led to Davos had schizophrenia.

In his view, the current economic downturn is actually the accumulation of a variety of factors: "the imbalance in the global system, the credit crisis: in essence will be a crisis of confidence and systemic crisis." In addition, he also pointed out that a number of other pressing problems - global warming and water shortages, these problems must be handled properly. Schwab's prescription is a new means of restoring global confidence and to create "a foundation of moral values and better, more powerful, common co-ordination and supervision of the global system."

But the dream of so-called new consensus but also is the case. Last year, the first held in Washington G20 summit of developing countries the agreement reached a few days after the failure, because Russia and India to implement the tariff barriers. Davos is a lot of people will be concerned about the Chinese Premier Wen Jiabao and Russian Prime Minister Vladimir Putin, as well as representatives of India and the United States to see if there will be more signs of economic nationalism.

These economic and political disputes with each other and the ecological crisis has shown the dialectical side. Over the last 40 years to the global growth and prosperity brought about by the globalization of capital, and now its just come to its own dynamics negative. Now it is brought about by contraction rather than growth, even unprecedented wealth has shrunk. As one speaker referred to by: "Economic globalization is no longer seemed to bring stability and continued prosperity, but it went the opposite, in the world economy to spread the risk of the virus, it is possible to create another global recession. "

U.S. National Intelligence Council in a recent report that "after World War II, established the international system will become blurred," and former U.S. Deputy Treasury Secretary altmann that "during the 2008 financial and economic crisis is 75 years since the worst, between Europe and the United States will have serious geopolitical problem. " These are very profound observation, but relatively euphemistic expression.

Global Crisis of the seriousness and depth to allow Davos dignified atmosphere of the 20th century 90's triumphalism seems suddenly disappeared. As for the victims in their own system of ordinary people, imminent disaster provides an enormous challenge. It is clear that any "new governance system" core will be through the expense of the majority, to retain the rich political and economic elite of the rules of the game to overcome the crisis.

Hong Kong's trade deficit last year, more than 200 billion Hong Kong dollar

2009-01-29T10:52:00.000-08:00

Xinhua Hong Kong January 29 Xinhua Hong Kong SAR Census and Statistics Department announced on the 29th, in December last year, the value of total exports of Hong Kong for 205.8 billion Hong Kong dollars, down 11.4 percent year-on-year; the value of imports fell 16.2 percent to 217.6 billion Hong Kong dollar; on within the visible trade deficit of 11.8 billion Hong Kong dollar.

Statistics show that Hong Kong's merchandise exports last year increased by 5.1% in the same period last year, the value of imports rose 5.5 percent year-on-year; year, a visible trade deficit of 201.1 billion Hong Kong dollar. During the value of re-exports increased by 6%, the value of domestic exports fell 16.8 percent.

Value of re-exports in December in Hong Kong for the Hong Kong dollar 200.3 billion, down 10.3 percent; the value of domestic exports fell to 5.5 billion Hong Kong dollars, a decrease of 39%.

Census and Statistics Department said that with the downturn in the global economy is becoming more and more serious, Hong Kong's external trade the next few months will face a very uncertain situation and dragged down by the external environment; when a turn for the better prospects for exports depends on the development of the international financial crisis, as well as when the trading environment is beginning to improve.

In 2008 the total number of Wall Street bonuses fell 44%

2009-01-29T10:50:00.000-08:00

【MarketWatch in New York January 29 hearing】 Beijing January 29 evening news, the New York State Financial Auditor General Thomas (Thomas DiNapoli) said that despite the collapse of the financial system, a number of large enterprises, as well as the closure of thousands of people unemployment unfavorable situation, the securities industry in 2008 or to the hands of the shareholders and investors to obtain about 18 billion U.S. dollars for bonuses.

at a press conference said that "Although the absolute figures in accordance with the amount of money a history of the largest numerical decline, but also decreases more than 30 years since the creation of a new high, but in 2008 the total prize money is listed in the history of the Sixth high position. "

New York Office of the Auditor General said in the Wednesday evening, from the collection of personal income tax to estimate, issued in 2008 total prize money on Wall Street than the same period last year decreased by 44% to 18.4 billion U.S. dollars; average decrease of 36.7 percent bonus for 112,020 dollars.

Wall Street in 2007 the total prize money of 32.9 billion U.S. dollars, an average of 177,010 U.S. dollars prize money.

Office of the Auditor General said that the average rate of decline in bonus prize money is less than the total decline, the reasons for that industry to participate in large-scale layoffs resulting in fewer people to divide up the money.

The agency said that in New York City to engage in the securities industry has been the number of employees working in October 2007 of the 187,800 people dropped from October 2008 of 168,600 people, the number decreased by 19,200, a reduction of about 10.2%.

said that the total prize money down "will result in regional economic knock-on effects, New York state and municipal governments the main source of revenue will be reduced."

said that "the entire securities industry has lost tens of thousands of jobs, but the industry continued to suffer losses accrued by the non-performing assets. It is obvious that in 2009 this industry will continue to be difficult year . "

also estimated that in 2008 the New York Stock Exchange member firms from its traditional securities brokerage and trading services will be a loss of more than 35 billion U.S. dollars, more than in 2007 to create the history of the highest loss figure more than twice as many.

But the New York State Office of the Auditor General, said the loss of the entire securities industry was 31.3 billion U.S. dollars of tax deductible amount (tax credit), which will reduce the securities industry company "within the next few years, tax expenditures."

Chuan U.S. Treasury Department will allocate 60 billion U.S. dollars to support the education loan market

2009-01-29T10:48:00.002-08:00

Sina Financial inquiry Beijing January 30 morning news, according to three informed sources said Thursday, the U.S. Treasury Department has agreed to a maximum of 60 billion U.S. dollars funds to help boost the education loan market and help reduce the bank balance sheet of the non-mobility property.

According to informed sources, the Ministry of Finance through the Federal Financing Bank to Citigroup and Morgan Stanley co-sponsored a plan to provide support, from the bank acquired an existing or new education loans, and asset-backed commercial paper issued by the self-financing .

Banc of America head of global currency strategy Hsin dismissed

2009-01-29T10:48:00.001-08:00

Sina Financial inquiry Beijing January 30 morning news in the U.S. banks (Bank of America Corp.) Acquisition of Merrill Lynch (Merrill Lynch & Co.) Launched after the massive layoffs of 35,000 people wave of global interest rates the bank , head of foreign exchange and commodities strategy罗伯特辛奇(Robert Sinche) were dismissed Thursday doom.

56-year-old Chi in 2004 to join Bank of America, Citigroup had in six years as head of global foreign exchange strategy. Bank of America in New York Melissa Kitlowski spokesman declined to comment on who will take over the functions of speech Chi, Chi I also declined to comment on the dismissal of his comment.

Chi is the Bank of America in New York, chief foreign exchange strategist, in the July 15 last year, the euro against the U.S. dollar (1.2960, -0.0162, -1.23%,吧) exchange rates touch record high 1.6038 U.S. dollars, he has rightly recommends that customers selling the euro. Since then two months, the euro fell sharply against the U.S. dollar by nearly 12 percent to 1.42 U.S. dollars.

Hsin Chi last year, a research report published in November said that since last July, he issued a report to date, the dollar rose sharply against the euro exchange rate of 28 percent, which investors will focus from the credit market chaos shift the economic growth rate mitigation circumstances, will lead to "the growing risk."

In accordance with international professional financial media, "Euromoney", published in April last year, a survey showed that Bank of America is the world's 11th largest foreign exchange dealer, Merrill Lynch & Co. ranked No. 15

Germany in 2008 the average CPI rose 2.6 percent to hit a new high in 14 years

2009-01-16T23:50:00.000-08:00

By January 15 integrated electricity to foreign reports, the German Federal Bureau of Statistics data released Thursday showed that Germany in 2008 the average CPI rose 2.6%, marking the highest level in 14 years, mainly due to the first half of relatively high inflation rate promote.

According to data, Germany in December 2008 the consumer price index (CPI) than the 0.3 percent rise in November, rose 1.1 percent in the second half of 2008 fell sharply.

2009 United Nations report predicts that China's economic growth by 8.4%

2009-01-16T23:49:00.000-08:00

Xinhua Beijing January 16 (Xinhua Zhou Feng), UNDP resident representative office in Beijing on the 16th release of "2009 World Economic Situation and Prospects" report predicts that in 2009 China's economic growth rate in the basic conditions for 8.4 %, optimistic about the circumstances of 8.9%, pessimistic case for 7%.

In view of the current global economic situation of uncertainty, which by the United Nations Economic and Social Affairs, UNCTAD and the five regional economic commissions and co-authored the worldwide launch of the report, in 2009 the growth of the world economy designed three sets of projections, including the benchmark programs, optimistic and pessimistic about the program.

Report that, in accordance with the baseline forecast, the world's economic growth is expected in 2008 will slow to 2.5 percent of 2009's 1.0%. Developed economy is expected from the growth in 2008 declined 1.1 percent to 0.5 percent. Economies in transition, growth is expected in 2008 from 6.9% to 4.8% in 2009. Growth in developing countries in 2008 from 5.9% to 4.6% in 2009.

China Information Center, Zhu Baoliang, deputy director pointed out that China remains Asia and global growth. China's economic growth in 2008 dropped to 9.1 percent, but still is relatively high contribution to global growth by about 22 percent, and in 2009 is likely to contribute more, since most developed economies are in recession.

According to the report predicted that in 2009 the United States, the euro zone and Japan's economic growth in 2008 from 1.2%, 1.1% and 0.4%, respectively, to drop by 1%, 0.7% and 0.3% respectively. With Europe and the U.S. trade attenuation will make to China led by the slow development of Asian economies. China to stimulate the economy in order to encourage domestic consumption to face enormous challenges, and facing a serious decline in exports.

However, the report also pointed out that China has 1.9 trillion U.S. dollars foreign exchange reserves and balance the government budget, there is sufficient policy space can be used more extended necessary financial policies to stimulate domestic demand, which offset weakness in the export decline. China has begun to take advantage of this policy space to develop large-scale fiscal stimulus plan, the move is likely to promote domestic demand and global demand.

The number of Chinese Academy of Social Sciences, director of economic汪同三said that 7 to 8.9 percent growth rate, covering more than 90% of economists in 2009 China's economic forecast. But how is growth of 7 percent, or 8.9 percent growth depends on two factors: First, the international economic situation, state of development, and the other is China's implementation of policies and measures the effect. But can be predicted that in 2009 China's economy will continue to contribute to world economic growth.
中文 > 英语互换翻译

Bank of America acquired Merrill Lynch hit by huge losses to disclosure of price fall

2009-01-16T23:41:00.000-08:00

By January 16 the acquisition of power as a result of the transaction has not been disclosed prior to the huge loss of Merrill Lynch & Co., Bank of America from the Ministry of Finance is expected to receive 15 billion U.S. dollars in emergency capital injection, the Ministry of Finance Bank of America will also provide up to 1,200 billion worth of assets to provide security. "Wall Street Journal" Web site on the 16th reported that this serious incident led Bank of America shares fall 18 percent, 18-year low.

Reported that the unexpected loss of Merrill Lynch reports a substantial increase in the Bank of America fell to its lowest level since 1991, but also lead to Congress on the Treasury's financial system rescue plan the scope and mission of the beginning of a new round of debate.

Bank of America shares fell 18 percent Thursday, the market fell to 41.8 billion U.S. dollars, down from its original 46 billion U.S. dollars in value of the stock acquisition of Merrill Lynch's offer. Over the past seven trading days, a total of Bank of America shares fell more than 40%.

Reported that the development of the situation of some angry shareholders Bank of America, they began to question why the chief executive Kenneth Lewis did not • September 15 announced the acquisition of trading before the discovery of these issues. Many people would like to know why he was not in the December 5 shareholders to vote on the acquisition of Merrill Lynch or before January 1, before making a deal announced this loss.

Treasury Secretary Paulson this situation to push the location of a mediator, he needs the coordination of all parties will be allocated to Obama voted out of government funds as part of rescue plan is also experienced cold reception in Washington, another one of the reasons why.

The article revealed that Bank of America announced Friday will be diverted to the performance, then, the Ministry of Finance will announce the rescue plan.

Asia-Pacific stock markets closed lower on the 12th

2009-01-12T05:04:00.000-08:00

Asia-Pacific stock markets closed lower on the 12th, resources and aviation stocks led declines. Hong Kong's Hang Seng index fell 2.8 percent, China's Shanghai Composite Index fell 0.2 percent, the Tokyo stock market falls on a holiday rest.

Integrated foreign January 12 reported on the 12th Asia-Pacific stock markets closed lower as investors worried about the upcoming earnings season, the United States may be disappointing. Resources and aviation stocks led declines. Hong Kong stock market fell 2.8%.

Hong Kong stock market closed lower, Chinese-funded banks and oil stocks push down stocks of the Hang Seng Index fell below the key 14,000-point psychological barrier. Traders said the Hang Seng Index may continue to fall, probably in the first quarter fell to 12,000 points, because corporate profits and economic data is likely to remain weak performance, which would put pressure on investors. The Hang Seng Index fell 406.44 points to 13,971.00 points, or 2.8 percent, after trading between 14,312.26 points -13895 points. The index on the 12th is the fifth consecutive trading days to close down, but also set a December 5, 2008 to close at 13,846 points, the lowest closing level since.

China's stock market closed slightly lower, due to falling global oil prices led oil stocks down, metal stocks offset the impact of rising. Investors in key economic data later this month before the release of the mentality of caution. Shanghai Composite Index closed down 0.2 percent, to 1900.35 points; turnover at moderate levels. Shenzhen Composite Index rose 0.5 percent, to 588.72 points.

Australian stock market closed down low eight trading days, the market was subdued by the comment this article (0) Other comments initiated by topic (0) related information Wealth Community (0) weak U.S. employment data and the U.S. stock market Friday plummeted drag. Resources stocks under pressure today because the market is expected to Alcoa (Alcoa) 13 day morning will be published report on the performance of poor performance. The benchmark S & P / ASX 200 index closed down 52.4 points to 3683.3 points, or 1.4 percent, after falling as low 3655.8 points.

Singapore stocks closed down due to investors selling drilling equipment manufacturing and ship repair company's stock. Investors worried that these companies will be more orders for the cancellation of the situation, and the profit margin will decline. The Straits Times index closed down 29.77 points to 1776.25 points, or 1.6 percent, following the U.S. stock market's weak trend on the 9th.

Russia announced that they will not adopt the protocol transit gas oversight body

2009-01-12T05:01:00.000-08:00

Russian President said a few days ago, the Russian gas transit will not be adopted Protocol oversight bodies, as Ukraine and the content of the Supplementary consultations with Russia, the Ukrainian side is of the nature of provocation and destruction.

According to Xinhua News Agency reported January 12, Russian President Medvedev said in Moscow on the 11th, because of Ukraine, signed on the establishment of transit gas oversight body has been added to the supplementary protocol, that he has ordered the Russian government not to adopt the protocol.

Itar-Tass quoted Medvedev as saying that the Ukrainian side is of the nature of provocation and destruction, in essence, breaking the previously signed by Russia and the European Union concerning the establishment of oversight bodies gas transit protocol. He also said that the resumption of Russian gas to Europe transit Ukraine must meet two conditions, namely, Russia, the European Union and Ukraine signed the final protocol with the Russian side must be fiction, agreed that the signing of the Protocol fully in line; as well as observers, the actual place, arrived to start monitoring the border of Ukraine related to the location and the country's underground gas storage.

According to Itar-Tass quoted the Russian Government Information Office news reports, the same day Russian Prime Minister Vladimir Putin and European Commission President Jose Manuel Barroso said during a telephone conversation, Ukraine signed the Protocol in terms of added content on the Russian side "is unacceptable," because The Ukrainian side does not add the content of the consultations with the Russian side. Putin said that, first of all, to add content to fundamentally change the substance of the original protocol; Secondly, the added content of a considerable part of Ukraine to European users of transit transportation of Russian gas has nothing to do, but about the Gazprom and Ukraine's oil and gas the company's business relationships.

Putin calls proposed sectors of the economy and the dispatch of Russian Gazprom's representatives to participate in scheduled to be held in Brussels on the 12th of the EU member states energy ministers. He said that Russian representatives will be at the meeting and demonstration on the Russian side's position.

In addition, Putin on the 11th, in suburban Moscow residence of the new Olga fertile Liao said in an interview, due to transit Ukraine disrupted gas to Europe, Gazprom has suffered about 800 million U.S. dollars to comment this article (0) Other Comments initiated the topic (0) related information Wealth Community (0) losses, the Russians were forced to suspend more than 100 natural gas wells operating.

Putin said on the 10th, Russia and the EU have signed a protocol designed to Ukraine agreed to set up cross-border transportation of natural gas to Europe to supervise the multi-Committee. The Ukrainian Prime Minister Yulia Tymoshenko announced on the 11th early morning, the Ukrainian side has set up a transit gas Oversight Committee to sign the Protocol.

Since 2009 the supply of natural gas prices and transit fees and other issues failed to reach agreement, Gazprom on the 1st of Ukraine gas supply interruption. 7, Russia to the Ukrainian side could not be guaranteed the entire amount of cross-border transportation of natural gas on the grounds, stop by the supply of natural gas to the EU and Ukraine. A number of EU member states affected by the natural gas supply.

International crude oil futures on the 12th by demand pessimism declines of more than two U.S. dollars to suppress

2009-01-12T04:59:00.000-08:00

International crude oil futures on the 12th decline in more than two U.S. dollars, due to the needs of the global recession and pessimism, and natural gas between Russia and Ukraine signed the agreement but also the news of oil prices under pressure.

Integrated foreign January 12 reported on the 12th international crude oil futures fell by about 2 U.S. dollars, investors remained pessimistic that the slowdown in global economic activity will lead to demand for crude oil has been severely damaged.

On the other hand, Russia and Ukraine has reached an agreement on the gas dispute in Europe want to return to comment on this article (0) Other comments initiated by topic (0) related information Wealth Community (0) Island of natural gas transmission, this message is also oil prices Downlink pressure. Prior to the European market forecast of crude oil and oil product demand in relation to natural gas for heating and power generation will increase.

GMT 10:13, ICE Brent crude February contract fell 1.59 to 42.83 U.S. dollars / barrel. NYMEX crude oil futures contract in February fell 1.98 to 38.85 U.S. dollars / barrel.

Gazprom earlier said the Ukrainian gas transit agreements have been signed to allow for the pipeline to Europe to send observers.

To industry estimates, the OPEC meeting in December 2008 resolution of the output may still need a certain period of time in order to show tangible results. The organization's next formal meeting will be held in Vienna in March,

European stock markets lower in early trading on the 12th

2009-01-12T04:58:00.000-08:00

European stock markets lower in early trading on the 12th, basic resources stocks dropped, the main index decline in the 0.1 to 0.8 percent between.

Integrated foreign January 12 reported that European stock markets lower in early trading on the 12th, the market's worries on the global economy based on resources stocks led the stock price plummeted.

European Dow Jones Stoxx 600 index fell 0.8 percent to 206.22 points. However, metal stocks accelerated the index fell, 14 Stockton stocks have dropped 13.

The basis of the resources stocks fell, BHP Billiton (BHP Billiton) share price fell 2.9 percent, Rio Tinto (Rio Tinto) fell 2.2 percent, continuing the last Friday (January 9) decline,

Crude oil futures last Friday (January 9) the fourth consecutive trading day down, hitting five weeks the largest weekly decline. Crude oil futures fell on the 12th again from 1.22 to 39.65 U.S. dollars / barrel; gold futures fell 5.50 to 849.50 U.S. dollars / oz.

Norwegian aluminum company Norsk Hydro (Norsk Hydro) shares fell 3.3 percent, after Evan - Leiden (Eivind Reiten) resigned from the CEO post.

Alcoa (Alcoa) earnings to be announced, with the other financial manufacturers, the company was also subject to a price decline, consumption and inventory reduced the impact of the increase.

Germany's DAX 30 index fell 0.6 percent to 4754.35 points, the French CAC-40 index fell 0.4 percent to 3287.60 points, the British FTSE 100 index fell 0.1% to 4445.88 points.

U.S. stock index futures January 12 narrow fluctuations. U.S. stocks last Friday (January 9) lower after the U.S. government announced in December non-farm employment fell 524,000 people.

Asian markets fell January 12, mining and metal stocks fell the same.

Pharmaceutical stocks were the same pressure, Roche (Roche) shares fell 1.5%. January 9 media reported that Roche is preparing for gene technology companies (Genentech) acquisition of the new case, the desire to 95 U.S. dollars per share price of the acquisition of the company.

Dutch company Oce Printing Equipment Group (OCE) fell 7.8%. The company's fourth-quarter net profit fell 98 percent to 700,000 euros. The company said that taking into account the deterioration of its major markets, 2009 will be a challenging year.

In the banking stocks, the Lloyd Trust Savings Bank (Lloyds TSB) rose 3.8%, Halifax Bank (HBOS) rose 1.3%. Lloyds and HBOS merger plan, both on the 12th that the British Government will acquire HBOS57.9% stake in Lloyds, once the end of the acquisition of HBOS, the British Government will hold a combined 43.4 percent stake in the Group.

LLO comment this article (0) Other comments initiated by topic (0) related information Wealth Community (0) yds TSB also said that the payment of 350 million U.S. dollars to address the Ministry of Justice with the New York County Prosecutor's Office investigation, did not plan to take any further steps in preparing for and did not face further enforcement measures. Investigation involves the bank on behalf of Iran, Sudan and other U.S. sanctions list of the countries involved in the transaction.

At the same time, there are media reports, a private equity group to buy HBOS has informally approved its housing sector - Keepmoat with Apollo.

New Star Asset Management (New Star Asset Management) shares soared 45.1 percent after the company said, is considering a series of guidelines, including a sale of the company, several media reported that the company's purchase price of approximately 100 million pounds.
中文 > 英语互换翻译

Thursday's Bank of China will issue 50 billion yuan up to 3-month bills

2009-01-09T21:08:00.001-08:00

China's central bank said Wednesday in preparation for Thursday's regular open market operations in the issuance of up to 50 billion yuan (about 7.3 billion U.S. dollars) of the 3-month bills.

The size and the central bank last December 25 to issue 50 billion yuan of three-month bills unanimously.

Bank of China (The People's Bank of China) on Tuesdays and Thursdays to carry out routine open market operations. The bank had said in November last year, will be on three promissory notes issued cycle changed from once a week to once every two weeks to ensure adequate liquidity of currency markets.

Tuesday's Bank of China issued 50 billion yuan within 28 days period for repurchase agreements.

If the central bank Thursday not to issue any repurchase agreements, money market this week will put in a net 15 billion yuan, while there will be 115 billion yuan of bills and repurchase agreements expire.

China's central bank through open market operations last week from the money market a net 20 billion yuan of funds withdrawn from circulation.

Thursday's Bank of China will issue 50 billion yuan up to 3-month bills

2009-01-09T21:08:00.000-08:00

U.S. credit market and signs of thaw

2009-01-09T21:06:00.000-08:00

After New Year's Day, the United States is still in the depth of winter in most areas of low, but the corporate bond market has begun to feel like ─ ─ ushered in the spring is the spring of 2008.

March 2008 Bear Stearns (Bear Stearns) collapse of the already suffering the impact of subprime mortgage credit market even worse. Since then, a number of business failures, a 700 billion U.S. dollars of aid projects are ready, the automotive market has also received federal aid loans. Even now, companies only to find there are some in the open market to buy their own corporate bond buyers.

Getty Images this week since the collapse of Bear Stearns, the corporate bond sales in May 18, 2008 record high of the week the best performance since the week. Townsend, according to Reuters (Thomson Reuters) data, the total income so far this week has reached 19.9 billion U.S. dollars, but still lagging far behind the week of May was 33.1 billion U.S. dollars of income.

This week, the biggest corporate bond issue due to a large-scale acquisitions: in the end of last year completed InBev Group (InBev) to spend 52 billion U.S. dollars of Anheuser - Busch (Anheuser-Busch) acquisition. Townsend, according to Reuters data, rating of BBB + InBev Budweiser (Anheuser-Busch Inbev) Wednesday through the issuance of corporate debt financing for nearly five billion U.S. dollars.

At the same time, Cablevision Systems subsidiary of Johnson Holdings (CSC Holdings) Thursday announced the issuance of a high-yield bonds, that is, junk-grade bonds, through private placement financing for 500 million U.S. dollars.

Of course, now will not happen to identify the early spring back to cold, just a good situation a week is not enough. May 18, 2008 the week for five weeks straight sales over 30 billion U.S. dollars of the situation come to an end.

Nevertheless, the banks still is a good sign.

The most obvious is that the bank can look to sell bonds in the market and make money. As a result of last year, the bond business has shrunk dramatically, investment banks suffered a heavy blow. Debt capital markets in 2008 generated 13.6 billion U.S. dollars of income, than in 2007 fell by 38%. According to Dealogic data, investment-grade bond issuance for the bank for a full year brought only 5.9 billion U.S. dollars of commission income than in 2007 had fallen 21 percent, while high-yield bonds issued by commission income fell by 69 percent to one billion U.S. dollars .

The current situation is: this week in bonds, AAA rated bonds are accounted for 6.7 billion U.S. dollars, is April 13, 2008 the highest level since the week. But this also means that the bonds issued this week, about two-thirds, or 13.2 billion U.S. dollars, not by the highest ratings issued by enterprises is an indication that credit markets may indeed open the door.

Bond issuance is expected to benefit from the industry is one of the pharmaceutical industry, the industry appears to be emerging tidal wave of consolidation. Pfizer Pharmaceutical Company (Pfizer) and Merck & Co., Inc. (Merck) have indicated that they are looking for acquisition targets. Iceland's Actavis looks to embark on the road to the auction, potential buyers, including Pfizer, Sanofi-Aventis (Sanofi-Aventis), Novartis Pharma AG (Novartis) and GlaxoSmithKline (Glaxosmithkline) such公司.

U.S. December non-farm employment dropped 500,000 touched a 16-year high

2009-01-09T21:05:00.000-08:00

Finally in 2008 the United States a non-agricultural employment report for this year has drawn a tragic end, in December last year, the U.S. non-farm employment decreased by 50 million people, resulting in the same month the unemployment rate hit a 16-year high.

According to the U.S. government released data show that in 2008 the United States the number of unemployed people totaled 2,600,000 for the 1945 Second World War (World War II) the highest level since the end, of which there are nearly 200 million people in the last four in 2008 months have lost their jobs, which shows that with the worsening financial crisis, economic recession and further deterioration of the situation, and will continue until the new year.

U.S. Department of Labor (Labor Department) Friday announced that in December 2008 the number of non-farm employment fell 524,000 people, for the tenth consecutive month decline, with the Dow Jones Newswires (Dow Jones Newswires) expected by economists surveyed a decline in basically the same as 525,000 people. November non-farm employment decline was revised to 584,000 people, hitting the highest level since 1974.

The general decline in employment in industry, including manufacturing, construction and most of the services sector. Including the United States Telephone and Telegraph Company (AT & T Inc.), DuPont (EI DuPont de Nemours & Co.) And the United States banks (Bank of America Corp.) All walks of life including the business one after another announced layoffs last month. Has been extended to the wave of layoffs this year, Alcoa (Alcoa Inc.), EMC Corp. (EMC), Walgreen Co. (WAG) and other companies have also announced layoffs this month.

The unemployment rate in December rose 0.4 percentage point to 7.2 percent, a record in January 1993 the highest level since. Although in April last year when the unemployment rate of only 5 percent, but economists expect the next few months the unemployment rate will reach 8 percent or even higher level.

In December to raise the average hourly wage of 0.05 U.S. dollars to 18.36 U.S. dollars, representing an increase of 0.3% over the same period increased by only 3.7 percent, which means that the downturn in the economy so that workers become more and more difficult to request a higher salary.

Friday's report showed that December production sectors employment substantially reduced by 25 million people. Among them, the manufacturing companies to reduce the 149,000 people in employment, automotive and automotive parts manufacturing companies to reduce the 21,000 people in employment.

December employment in the construction industry to reduce the 101,000 people, since the September 2006 peak, the industry has been a cumulative decline in employment in nearly 900,000 people.

The service sector employment fell 273,000 people. The financial sector employment fell 14,000.

Retail employment fell more than 66,000 people, reflecting the holiday season bleak situation. Leisure and catering industry employment fell 22,000.

The number of temporary employment in December to reduce the more than 80,000 people.

Increase in employment in the sector is still concentrated in the areas of health and education, the field of manufacturing and other services than the area of an even higher degree of labor-intensive. Medical and educational fields as employment increased by 45,000 people.

Government sector employment increase in the number of 7,000.

Average weekly working hours decreased by 0.2 hours to 33.3 hours. In addition a survey of total working hours per week the index fell by 1.2 points to 103.5 points.

Germany considering the provision of 1,000 billion euros in aid loans

2009-01-08T22:11:00.000-08:00

The face of recession and intensified over the last three years the unemployment rate rose the first time in the situation, Germany is considering to allocate up to 100 billion euros (about 135.22 billion U.S. dollars) in emergency funds to face a credit crisis for providing government-guaranteed loans.

The rescue plan from the finalization of the distance there is still great. However, this reflects the German government worried that some companies find it increasingly difficult to obtain bank loans, although the Government in October to the German banking sector has provided 500 billion euros of aid funds.

As the global economic slowdown had resulted in German exports declined in September to face national elections by German Chancellor Angela Merkel (Angela Merkel) in a hurry this year, enterprise bankruptcy and the unemployment rate to a minimum. Official data released Wednesday showed that in December, the Europe's largest economies, the unemployment rate occurred in February 2006 rose for the first time since, reaching 7.6 percent, higher than October's 7.5 percent when. On a seasonally adjusted basis last month, the unemployed population increased by 18,000 people, higher than economists had forecast.

German commercial banks (Commerzbank) in Frankfurt, chief economist Kremer (Joerg Kramer) said that this was a turning point in the labor market. He also said that this year there may be 700,000 people will lose their job, so that Germany's unemployment rate rose to more than 9 percent.

This figure indicates that German domestic demand is still weak, and now Germany's European neighbors, Germany hopes boost the regional economy.

Government officials said Merkel coalition parties scheduled for Friday on the rescue plan to seek the views of German Enterprises Association. The funds may be the Monday meeting of leaders of the ruling coalition is approved, then they will be expected to finalize a program aimed at boosting demand in Germany 50 billion euros package.

Wednesday, key members of the ruling coalition, said the SPD was prepared to accept Merkel's conservative political parties in some form of income tax reduction program, the fiscal stimulus plan to further increase the possibility of reaching an agreement. Tax-cut plan is so far the deadlock caused by the reason why.

Winnipeg, Canada, canola oil Mercantile Exchange closed January 8 Price

2009-01-08T22:07:00.000-08:00

Following is a Winnipeg Commodity Exchange (WCE) canola January 8 closing quote:

Unit: Canadian dollars / ton
-------------------------------------------------- ---------------------------------
Contracts closed higher on low volume yesterday yesterday Change positions yesterday change positions
January / 09 429.5 421.1 426.1 3 25 66 -25
March / 09 432.1 420.3 427.1 2 10,552 68,351 -208
May / 09 440.6 430.4 435.9 2.3 768 5,380 379
July / 09 448.9 437.9 444.1 1.9 757 5,753 251
November / 09 457 447.2 450.1 -2.1 523 7,425 48

January / 10 - - 455.6 -2.1 3 55 3
March / 10 - - 459.6 -2.1 0 14 0
May / 10 - - 463.6 -2.1 0 0 0
July / 10 - - 466.6 -2.1 0 2 0
November / 10 - - 466.6 -2.1 0 0 0
January / 11 - - 466.6 -2.1 0 0 0
-------------------------------------------------- --------------------------------
Source: Intercontinental Exchange

Canada on the 8th the stock market closed 1.1 percent higher

2009-01-08T22:06:00.000-08:00

Gold gained due to boost stocks of materials and energy and financial stocks rose, Canada on the 8th the stock market closed 1.1 percent higher, or 100.26 points to 9221.58 points.

Integrated foreign January 8 reported that the gold price rally boost materials stocks, the Canadian stock market rose on the 8th in the trading, driven by high-end collection.

Financial and energy stocks also rose a moderate, to comment this article (0) Other comments initiated by topic (0) related information Wealth Community (0) to help the market index held unchanged at the top. Earlier in the day, these stocks are down, drag down the market closed that low.

Materials stocks rose 2.7 percent, due to hedge buying gold冲高support, so that the sub-index stocks in the mineral-assisted gather more momentum up.

Consumer stocks fell, in part because the United States Wal-Mart announced a disappointing December sales data and reduced earnings in the fourth quarter, the performance of early warning and released. In addition, Chinese medicine chain Jean Coutu Canada also announced the quarterly loss.

Toronto Stock Exchange S & P / TSX composite index was up 1.1 percent or 100.26 points to 9221.58 points. 10 sub-index rose five, including industrial and health-care stocks gained, technology and consumer stocks fell.

U.S. Treasury: Within a short period of adequate relief funds

2009-01-08T22:04:00.000-08:00

On the 8th U.S. Treasury Department announced that the latest rescue plan the implementation of the report, the Ministry of Finance can be used for short-term solution to a major event in financial markets, adequate funds, but Congress still needs the remaining 350 billion U.S. dollars payment assistance payments to stabilize the financial market.

Integrated foreign January 8 reported that the U.S. Treasury (Treasury Department) 8 in a report that the Ministry of Finance is currently holding the financial markets to resolve the problem of adequate funding, but only in the short term.

Ministry of Finance in the latest rescue plan the implementation of the summary also proposed that the need for Congress to release the remaining 350 billion U.S. dollars of non-performing assets relief fund to stabilize the financial markets.

Submitted to the legislators in this report, the Ministry of Finance admitted that the Congress authorize the use of the first tranche of 350 billion U.S. dollars assistance payments have all made commitments to pay.

Ministry of Finance pointed out that the transaction has been completed and the total amount of 266.9 billion U.S. dollars only, which makes the Ministry of Finance had sufficient funds to cope with the financial markets that may arise in any emergency situation, but only in the near future.

Ministry of Finance said, "In the short term, has promised but not yet allocated relief funds, together with the U.S. Federal Reserve and Federal Deposit Insurance Corporation (Federal Deposit Insurance Corp.) May be exercised by the terms of reference to comment this article (0) Other comments initiated by topic (0) related information Wealth Community (0), will be able to resolve a major event in the financial markets to provide the necessary resources. "

But the agency also added that the Congress to grant 350 billion U.S. dollars second tranche of relief fund to support financial market stability.

Result of the passage of non-performing assets relief plan transactions and the amount has reached more than 250 billion U.S. dollars, according to rescue the bill stipulates that the Ministry of Finance to update the report submitted to Congress. When the transaction amounted to 300 billion U.S. dollars, the Ministry of Finance needs to be another report.

The Ministry of Finance has allocated 266.9 billion U.S. dollars, there are 187.5 billion U.S. dollars for capital acquisition plan (Capital Purchase Program), through which the Ministry of Finance has purchased hundreds of financial institutions, equity, and strive to stabilize the financial industry.

Chevron is expected in the fourth quarter 2008 earnings will drop

2009-01-08T22:03:00.000-08:00

Because of energy prices and cost more than expected, Chevron is expected in the fourth quarter 2008 results will show a significant decline in profitability, saying the same period in the global refining profits are likely to continue to fall.

Integrated January 9 to foreign reports, Chevron (Chevron Corp.) Expected the fourth quarter of fiscal 2008 reported earnings will show a significant decline in energy prices and cost more than expected and said that the global refining business will continue to recorded weak profits.

Prior to acceptance of Thomson Reuters survey of analysts expected Chevron fourth quarter 2008 earnings per share 1.78 U.S. dollars, during the same period revenues of 61.72 billion U.S. dollars.

Chevron is expected to cost the fourth quarter of 2008 will be much higher than the enterprise and other activities related projects 250000000-300000000 US dollars this comprehensive guide interval comment this article (0) Other comments initiated by topic (0) related information Wealth Community (0) at the top.

The United States ranked in accordance with the market's second-largest oil company announced after the close on the 8th interim update report that crude oil and natural gas prices hurt, including exploration and production business, including the upper reaches of business income. Chevron third quarter of 2008 crude oil and natural gas production sector revenue surged 80% to 6,180,000,000 U.S. dollars.

Chevron said that the downstream refining and marketing business is expected to include the proceeds from the tentative price of crude oil and derivatives income. The company's 2008 fourth-quarter profit of global refining business is likely to continue to fall.

Chevron's shares in after-hours trading on the 8th fell 0.6 percent to 73.82 U.S. dollars per share, on the 8th to close up 0.4%.

The company will be announced January 30 in the fourth quarter 2008 results.

EU Almunia: euro zone economic outlook is very bleak

2009-01-08T21:55:00.000-08:00

[NEW YORK] EU Commissioner for Economic Affairs Joaquin Almunia said on the 8th, the euro-zone economic outlook is very bleak, only to rely on fiscal stimulus to make the euro zone to avoid deep and lasting recession.

Integrated foreign January 8 report, the EU High Commissioner for Economic Affairs Joaquin Almunia (Joaquin Almunia) 8, said that only EU and its member states to act quickly and resolutely to stimulate demand in order to avoid the euro zone in a deep and lasting recession.

When talking about the euro zone have not yet been released in 2008 to comment this article (2) Other comments initiated by topic (0) related information Wealth Community (1) fourth-quarter economic growth data, Almunia said, "I can not give any figures, but I can say that the prospects for the coming year looks very bleak. "and added that the euro zone is still in recession.

The third quarter of 2008, the euro-zone gross domestic product shrinking 0.2 percent.

Almunia said the euro zone faces the most formidable test of history, however, before the crisis is not the euro-zone member countries and the European Union could do nothing about it, but you can not rely only on monetary policy.

Almunia in the Slovak capital Bratislava, told reporters that "the need for fiscal policy to support the demand for the euro zone, only to rely on fiscal stimulus to make the euro zone to avoid deep and lasting recession."

Rosengren governing the Federal Reserve: the first half of 2009 the economy may continue to shrink

2009-01-08T21:53:00.000-08:00

[NEW YORK] governing Rosengren Federal Reserve said that the U.S. economy during the first half of 2009 might continue to shrink, but there are indications that the second half of the U.S. economy in 2009 will show some improvement.

Integrated January 9 to foreign reports, the Federal Reserve, director of the Boston Fed President Rosengren (Eric Rosengren), said the second half of 2009 the economy will improve, "At present, it appears the U.S. economy in the fourth quarter of 2008 marked atrophy and the first half of 2009 the economy may continue to shrink. " He pointed out that the U.S. economy a strong field of fresh, "enterprises are started in the austerity and unemployment rate is rising," overseas trading partners are also facing difficulties.

Rosengren pointed out that despite the economic downturn may be longer than expected, but "there are indications that the second half of 2009 the economy will improve," he believes that the current Federal Reserve monetary policy stance, as well as mobility initiatives are boosting the economy.

Rosengren also pointed out that the "significant drop" of energy prices and the U.S. federal government initiatives taken to stimulate the economy will also help.

Rosengren Federal Reserve is not to comment this article (0) Other comments initiated by topic (0) related information Wealth Community (0) Open Market Committee members have the right to vote.

Other members also agreed that the Fed Rosengren on the U.S. economy during the first half of 2009 will continue to shrink views. U.S. Federal Reserve in December 2008 will be an unprecedented benchmark interest rate from 1% down to 0 to 0.25 percent range. The Fed also reiterated that it would continue to guarantee the purchase of agency mortgage bonds of commitments to improve the situation of the real estate sector.

Rosengren said the U.S. Federal Reserve moves to deal with the crisis results have been achieved, "Because the Fed has adopted a series of initiatives to help the mobility of housing finance market, mortgage rates have dropped significantly." He added that "We have seen a lot of short-term credit markets have improved recently," "I think that this improvement will continue."

U.S. small-cap stocks closed higher on the 8th

2009-01-08T21:49:00.000-08:00

[NEW YORK] by technology stocks and materials stocks soared boost trading, the U.S. small-cap stocks closed higher on the 8th.

Integrated foreign January 8 reported that the technology and materials to help stocks trading small stocks surged out of the retail and job market data has a negative impact on the U.S. small-cap stocks closed higher on the 8th.

The Russell 2000 index closed up 4.91 points to 502.01 points, or 0.99 percent, in early trading after the paragraph at most of the time the index closed below the former.

Standard & Poor's SmallCap 600 index rose 1.38 points to 266.49 points, or 0.52 percent.

Some of the IT industry leading the market leader in the last hour of the rising trend of small and medium-sized technology stocks have also been lifted.

ON Semiconductor Corp. Trading day of this trend was particularly strong due to the chip supplier said it plans to cut costs, it should be brought to the company's competitive edge. ON Semi closed up 48 cents to 4.52 U.S. dollars, or 12%.

Materials stocks also joined the rising from the ranks of one of the reasons is the price of gold futures closed up. Which, AK Steel rose 1.28 U.S. dollars to 13 U.S. dollars, or 11%, KeyBanc raised the company's stock investment rating to comment this article (0) Other comments initiated by topic (0) related information Wealth Community (0).

Consumer stocks down most of the time on the 8th, due to the deterioration of employment prospects lead to even more bleak prospects for the consumer goods industry, although some stocks recover some lost ground in trading. Dress Barn closed down 34 cents to 9.83 U.S. dollars, or 3.3 percent, after the company reduced fiscal 2009 earnings expectations.

Pacific Sunwear of California, J. Crew and Ulta Salon Cosmetics & Fragrance is expected to be lowered from the proceeds. Pacific Sunwear of California fell 14 cents to 1.63 U.S. dollars, or 7.9%; J. Crew fell 1.08 U.S. dollars to 10.61 U.S. dollars, or 9.2%; Ulta Salon Cosmetics & Fragrance closing down 1.81 U.S. dollars to 6.97 U.S. dollars, or 21%.

U.S. dollar against Japanese yen is expected to shock finishing on the 9th

2009-01-08T21:47:00.000-08:00

[NEW YORK] U.S. dollar against Japanese yen on the 8th concussion盘跌, Beijing Academy of Social Sciences, Zhao believed that the exchange rate shock is expected to organize on the 9th, strong pressure from 92.20, 91.70 weak pressure; strong support 90.20, 90.70 weak support.

Ph.D. in economics Zhao Chinese Academy of Social Sciences in Beijing January 9 that the U.S. dollar against Japanese yen盘跌concussion on the 8th, the exchange rate high 92.90, Japan 90.88 low, trading at 91.20 near the finish; day ups and downs in the rate of -1.56% -1.44 Day Price , to close at 91.19.

Technical indicators suggest that the short-term exchange rate system was on average around posture and its moving average on the 30th and there were winding possible, the exchange rate at its next and 30-day average (91.30) under the vicinity, indicating a short respite Pupil difficult to distinguish between the center line, do not rule out the concussion in a relatively wide center line in the direction of seeking short the possibility of short-term bearish. If the exchange rate will stand at 91.60 on short-term on the high side, the next support at 90.70,90.20,89.60 block, pressure on the block is located in 91.70,92.20,92.80; 90.40 and 92.80 (median 91.60) were short-term exchange rate to the air and to a multi - line.

The exchange rate is roughly located in the medium and long term to increase the probability of space, the center line to increase the probability of space; short midline Pupil difficult to distinguish between temporary, did not rule out concussion in a relatively wide center line in the direction of seeking short the possibility of short-term bearish; Week If the pressure in the line under 90.30 Zezhou line to the air, if under pressure at 93.40 Zezhou line bearish on the broken line to 96.50 weeks, and under the block-week line support at 90.00, on-line pressure is located in block weeks 93.00; on the next line if the short-term break 90.40 to air, under pressure in 91.60 while the short-term bearish on the short-term break to more than 92.80, is expected to shock finishing position.

Fluctuations in short-term analysis shows that the exchange rate has been temporarily August 15 near the end of high 110.65 earthquake or fluctuations, access to larger-level adjustments or earthquake or fluctuations in, and has entered the last paragraph of David or the probability of fluctuations still exist, but the exchange rate has been In the December 17 low 87.12 on entering the vicinity of 4 or higher-level wave rebound rebound comment this article (0) Other comments initiated by topic (0) related information Wealth Community (0) probability still exists, if the break on the 30th stand firm on its average, did not rule out short-term shocks to continue to rebound after finishing possible; if a rebound is likely to once again test the recent high-band 94.60 60-day moving average near the pressure, and do not rule out the possibility to continue on the possibility of breaking; if effective under the broken 30 day moving average and under the 90.00-breaking first-line support is near 87.12 explore the recent double bottom support or re-enter the probability of continued or increased earthquake. The market exchange rate in the vicinity of short-term support to obtain access to short-term or band to support the possibility of a rebound to remain vigilant against the greenback fell盘升blocked or re-entry into the possibility of continuing Chun also remain vigilant.

9, the exchange rate shock is expected to collate, strong pressure from 92.20, 91.70 weak pressure; strong support 90.20, 90.70 weak support.

Financial online Nikkei 225 stock index fell by midday on the 9th reported 8792.72 points, 0.94 percent

2009-01-08T21:43:00.000-08:00

NEW YORK] on the 9th In afternoon trading, the Nikkei 225 Index was down 0.94 percent reported 8792.72 points, attributable to investors in the U.S. employment data later today are worried about buying the will is not strong. Shortly after the index is likely to remain in the vicinity of 8,800 points.

Integrated foreign January 9, the Japanese stock market slightly lower midday on the 9th, after the Nikkei 225 stock index fell 0.94 percent, reported that 8792 comment this article (0) Other comments initiated by topic (0) related information Wealth Community (0 ) .72 points Topix index of 33 sub-index down 25.

European brokers, traders said Japanese stocks were now opening up, mainly due to overnight CME Japanese stock index futures closed up drive, but then because of investors in the global trading session on the upcoming release of U.S. employment data was concerned about Japanese shares slightly lower .

In addition, the U.S. dollar against Japanese yen weakness, combined with the wishes of the approach of the weekend market buying inhibited, are not in favor of Japanese stocks.

Traders expect the Nikkei 225 index is likely to remain in the vicinity of 8800 points.

Stocks, the result of the appreciation of the yen, exporters stocks lower, Toyota Motor (Toyota Motor) fell 3.2 percent at ¥ 3040, Toshiba (Toshiba) fell 5.6 percent at ¥ 403.