Spanish Ratings Down, For Potential Poverty.

MADRID Reporting - 'rating agency Fitch Ratings', cut 'credit rating of Spain', due to higher growth prospects of poverty, ie, only one day after the government will make budget reductions to address fears of economic recession.

As a result, the stock market in the U.S. markets slid sharply when the news came last Friday, and the euro weakened against the dollar.

'Fitch' lowered ratings Spain maximum level one level of AAA, AA + to the position. The reason, the Spanish government seems to be focusing on economic recovery.

"The process of economic adjustment will be more difficult, and will last longer than other economy with 'ratings AAA' that carried the Spanish government, that's why the rating of Spain lowered to AA +," said 'Fitch' as quoted from the AFP, Sunday, 30 May 2010.

'Fitch' also warned that the rigidity of labor markets and restructuring of local and regional savings banks will be obstacles hamper the speed of economic recovery, particularly after the bursting of real estate products.

"The private sector external debt, and materials will also slow down economic growth Spain during the medium term," said 'Fitch'. Thank you for visiting (otofinanceinfo)

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German state bank, Receiving USD12 Billion

Reporting Frankfurt - A German state bank, 'Hypo Real Estate' has received funding amounting to 10 billion euros (USD12 billion). as a general credit guarantees because of the tensions in financial markets.

"This decision was made to suppress the existence of additional collateral provided by the German financial market stabilization fund, SoFFin, which was taken because the current situation in financial markets," the statement SoFFin, as reported by the AFP on Saturday 29 May 2010.

The parties 'Hypo RE' can now attract a total budget amounting to 103.5 billion euros in state guarantees inter-bank market to obtain financing at reasonable rates.

SoFFin, is a specialist property financing credit channel, and provides a complex restructuring program is a failure and will have major consequences for the German economy, "said President SoFFin Hannes Rehm.
'Hypo RE' hit by losses on the purchase of bonds issued by countries 'eurozone' problems such as Greece, Ireland, Italy, Portugal, and Spain. In late March, the bank has around 39 billion euros in debt exposure.
In addition, 'Hypo RE' has also received a capital injection amounting to 7.85 billion euros from SoFFin. In the past year, the bank paid the amount of seven billion euros of approximately 50 billion euros from private bank loans. (Otofinanceinfo)

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U.S. Minister of Finance->> European Crisis, We're Stronger Position!

Sunday, May 23, 2010 - 10:23 PM

SHANGHAI Reporting - Minister of Finance 'Timothy Geithner' said the global economy began to experience improvement, related to the impact of the crisis that originated from Europe. This was conveyed by news agency "Xinhua" reported on Saturday, May 22, 2010.

"You see some challenges in Europe today. But I think we are in a stronger position to manage the challenges," he told the 'Xinhua' in an interview in 'Washington DC', before heading to Beijing for high-level economic discussions, as quoted 'Reuters', Sunday, 23 May 2010.

'Geithner' also said the dollar is experiencing a resurrection, because of growing investor confidence about the recovery of the United States (U.S.).

Treasury Secretary will arrive in Beijing on Sunday, for a meeting and the Strategic Economic Dialogue, which will be chaired by U.S. Secretary of State, is the 'Hillary Clinton'.

Furthermore, this state officials on Monday and Tuesday will discuss to find ways to better balance, especially the dollar and strengthening bilateral ties in trade relations.

U.S. still has the largest economy in the world and China has one of the fastest growing, so the 'Geithner' said the cooperation between the two is very important for a healthy global growth.

"China and the United States are doing what we need to do to help contribute to the recovery of the broader global economy," he said. (Otofinanceinfo).

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In 2010, Samsung Investment Company USD22, 7 Billion

Monday, May 18, 2010 - 6:00 pm

Reporting SEOUL - South Korean electronics company, Samsung Electronics will invest this year amounted to 26 trillion won, or equivalent to USD22, 7 billion. to meet global demand and strengthen market dominance.

Of the total investment, 18 trillion won will be used for new facilities, such as 11 trillion won to build a semiconductor factory and five trillion won for the production of LCD panels. While approximately 8 trillion won for research and development.

Despite the global economic condition is still unclear, but Samsung remained optimistic that could stimulate economic growth. "If we invest aggressively in expanding facilities and the hiring of employees, then this state is also an opportunity for Samsung to take part in stimulating growth in the future and stimulate the economy," said a Director of Samsung, which is 'Lee Kun-hee', as quoted from the 'AFP', Monday 17 May 2010.

Samsung Electronics is a manufacturer of ready-memory chips and flat-screen television in the world, and became the second largest mobile phone maker after the Finnish manufacturer, namely Nokia.

He says, will increase investment in memory chip production from the initially planned 5.5 trillion won into nine trillion won. He expected, demand for LCD TV panels to increase starting next year.

He said the company will build new production lines at a cost of 2.5 trillion Won. Lee also said it would hire new staff on 2010 10 000 this. (Otofinanceinfo)

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April, China's trade surplus, rising to 87%

Tuesday, May 11, 2010 - 16:41 PM

Reporting BEIJING - again I'll break the news about the economy, the Government of China declared a trade surplus in April jumped 87 percent over the previous year. These data indicate the wide gap between China's exports and imports of raw materials.

Xinhua news agency reported, China's trade surplus in April 2010 reached USD1, 68 billion, far better than the deficit of $ 7, 2 billion in the previous month. Was obtained after the April trade surplus Domestic exports increased 31 percent compared to Panda same period a USD119 previous, 92 billion. While imports rose 50 percent to USD118, 24 per cent. Previously, analysts expect China's exports rose 29.1 percent and imports 52.3 percent.

If calculated over the period from January to April 2010, China's trade surplus totaled USD16, 1 billion, down 79 percent over the same period last year.

Analysts said China's export growth to Asia is an anomaly from its dependence on Europe as the largest export market. When the economy slumped Blue Continent because of the crisis, Asian economies grew very rapidly and lead the global recovery and encourage demand for goods and services strengthened.

Just note, China's global exports to the European Union has currently reached 21 percent, up sharply appeal in 1999 that only 16.5 percent. Yesterday the stock market in China improved sentiment triggered by the European Union that states will spend $ 1 trillion worth of reserves crisis to anticipate the impact of debt kruisis Greece.

"Action to rescue not only Greece, but also Portugal, Spain and Ireland. Asia that are in the financial system will focus on how the potential decline in demand for exports from the EU," said economist Uwe Parpart Cantor Fitzgerald in Hong Kong. I hope this news is useful. thanks for visiting (otofinanceinfo)

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Prevent Crisis Spreads Greece, the EU Prepare Dana M. USD670.

Monday, May 10, 2010 - 9:02 pm

Reporting BRUSSELS - The European Union finally agreed on an emergency fund amounting to 500 billion euros or equivalent USD670 billion to protect the euro zone countries from the financial market wolfpack.

As quoted from the 'Reuters', on Monday, December 10 mei 2010. decision deals a substantial emergency fund can be taken in order to prevent the spread of the debt crisis go on and Greece.

As is known, that the euro currency last week plummeted to its lowest point during the last 14 months against the dollar. But now, the euro climbed almost two percent in early trading in Asia, and on trade in the U.S. rose by two percent.

While the price of gold, regarded as a safe haven investment, fell by 1.5 percent after touching a record high last week.

Where the European Union plans to take out a loan in the form of loan and loan guarantee fix the value of 600 billion euros, or USD805 billion. Where is the loan guarantee for a loan of euro zone countries worth 440 billion euros, which amounted to 60 billion euros from the stabilization fund and an additional 100 billion euros of funds from the International Monetary Fund loans (International Monetary Fund / IMF).

Market mechanism seems to threaten members of the eurozone countries that have debt will suffer the same fate as Greece. Safety net intended to protect other countries that have swollen budget including Portugal, Spain and Ireland.

Greek and addressing the crisis, the IMF has approved meminjaman 30 billion euros, bringing the total funds collected for the bailout Greece mencapaui 110 billion euros. Where for 5.5 billion euros will be disbursed immediately. I hope this information is useful to you. (otofinanceinfo)

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'CIMB' targets, Indonesian Exchange

Saturday, May 8, 2010 - 15:17 PM

KUALA LUMPUR Reporting - I will deliver news about the monetary, here's the news .... 'CIMB' Group, a Malaysian investment company, plans to issue shares in the stock of Indonesia. However, the plan can not be realized due to hit the Indonesian capital market regulations that have not allow foreign companies take the floor on the stock in the country.
"We continue to communicate with Bapepam-LK (Capital Market Supervisory Agency and Financial Institution). Hopefully, the capital market regulator provides convenience for foreign companies, "said 'CIMB' Group CEO Dato 'Sri Nazir Razak told a news conference after the implementation of the 53rd Annual General Meeting of 'CIMB' Group in Kuala Lumpur yesterday.

Nazir said the current market capitalization of Malaysia's 'CIMB' Group on the stock reached $ 15 billion. If you can be listed on Indonesia, 'CIMB' hopes to become one of the largest investment companies in ASEAN.

"We want to enlarge our market capitalization on the stock of Asia," he said. He said his company wanted to provide opportunities to the Indonesian public to own shares of 'CIMB' Group through the issuance of the shares. "The people of Indonesia can own shares in addition to 'CIMB' Group 'CIMB' Niaga. If the rules are ready, we will become the first foreign company listed its shares in Indonesia, "he said.

Besides in Indonesia, 'CIMB' Group is also planning to issue shares on the Stock Exchange of Thailand. In that State 'CIMB' aims to improve the branding and positioning in order to attract more Thai customers. "Problems in the ASEAN countries together, namely the absence of strict rules regarding foreign companies. In Malaysia any new start, "he said.

In Thailand 'CIMB' Group has received permission from the authority of the issuance of shares of stock since last year. Issuance of shares will be made on the next July with the number of shares issued reached 100 million shares and a target market capitalization of $ 600-800 million Malaysian ringgit. According to him, 'CIMB' is not affected by the political disputes in Thailand. "On CNN there was a news like that, but we remain on plan," he said.

Indonesia Contributors Biggest Profit

On the other hand, Nazir said, in the next five years to target the Indonesian side could become the biggest profit contributor for this Group.Saat 'CIMB' 'CIMB' Group's profits still come from Malaysia's largest, reaching 70 percent of the total profit in 2009 amounted to $ 6, 4 billion.

Meanwhile, 'CIMB' Group's subsidiary in Indonesia, 'CIMB' Niaga and 'CIMB' Securities, contributing approximately 20 per cent profit. Then from Thailand amounted to one percent, while from Singapore and some other countries 5 percent. "In 2015 Indonesia targeted to contribute about 40 percent of total profits. So maybe the biggest of the entire region, "he said. One effort, by 'CIMB' strengthen the market in Indonesia is by acquiring companies multifinancekecil. 'CIMB' is currently carrying out studies on a number of companies.

"We're more interested in the multi for a motor because it has not got. In addition to the well during the last 10 years otofinance very large market opportunity. We must grab this opportunity, "said 'CIMB' Niaga President Director Arwin Rasyid. Arwin said, there are two companies targeted by the asset value of around Rp1 trillion, but the capital is only one tenth of the value of the asset. The decision to acquire will be achieved in June. "Maybe the end of the month ini.Satu this month. So June was to report, "he said. Nazir added that 'CIMB' Niaga will also strengthen its business lines sharia in Indonesia. Growth prospects for Islamic banking in Indonesia is very big.

This condition is the same as Malaysia, 'CIMB' was able to show themselves as Islamic investment bank and the second largest consumersyariah. Arwin said that Commerce Bank will follow the concept of Islamic bank in Malaysia to adopt a dual banking strategy. All branches sooner or later will provide Islamic products. "So when customers come into our branches, they have a choice to save money on conventional or Islamic," he said. (Otofinance)

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Fatal error, from the 'Wall Street'

Friday, May 7, 2010 - 12:0 PM

Reporting NEW YORK - I will convey the global economic news. A fatal error occurred, the computerized system that made possible the cause of a simple typing error. It is called trigger one of the most turbulent days in the history of 'Wall Street', on the trade Thursday, May 6 local time.
Unmitigated, the index of 'Dow Jones industrials' nearly 1,000 points, nearly a tenth of the value of existing trade in less than half an hour. This is the biggest ever decline in the period last year during the trade.

As quoted from the 'Associated Press', on Friday, December 7 May 2010, the index of 'Dow Jones' successfully recovered approximately two-thirds of the reduction of almost 1000 points, before the close of trading.

"Today, it makes me shocked and did not move from my chair. It feels like we are losing control," said chief investment officer at Harris Private Bank, Jack Ablin, in Chicago.

The statement was reinforced by a spokesman for the New York Stock Exchange 'Rich Adamonis who said, "There are a number of erroneous trades during the decline." NYSE told CNBC that there is no system errors due to speculation over a bad trade.

Meanwhile, 'Citigroup Inc.' states, did not find evidence against the trade, after CNBC said it triggered a bad deal with a potentially negative in the middle of the Dow falling 9.2%, which is the biggest decline since December 19, the month of October 1987.
'Nasdaq' to say, after the market close, it would suspend all trade stocks that move more than 60% of their price, or shortly before 2:40 o'clock pm, when the downturn began.

Delays are applied to the trade conducted between the hours of 2:40 PM and 3:00 PM local time. Meanwhile, Procter & Gamble Co. said it was monitoring trading on the stock to decide whether an error occurred in the trading of these shares. how do you think? (Otofinance)

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Black Gold Prices Down, up to USD82

Thursday, May 6, 2010 - 10:30 PM

Reporting NEW YORK - I want to proclaim the news of the price of 'Gold', follows the news ... World oil prices back down deep enough, at the close of trading Wednesday, May 5 local time, after the euro reached its lowest level in the past year, against the dollar Greece amid concerns about debt, traders said.

The market was also hit following the news about the larger-than-expected increase in U.S. oil inventories, which seems to indicate weak demand in the countries of the world's largest energy consumsi.

As quoted from the 'AFP', Thursday 6 May 2010, for New York's main contract, light sweet crude for delivery in June, down $ 2, 77 to USD79, 97. DaLA past two days, the price of 'black gold' plunged $ 6, 22 in two days.

Brent North Sea crude oil for June delivery fell 3.06 dollars to 82.61 dollars per barrel in late New York trading. "Oil retreated for achieving the highest one-year dollar and the euro zone's economic health fears gripped the markets again," said Marius Paun analysts from trading companies ODL Markets.

"With traders fled from the euro, they seek the relative safety of the dollar, which put some pressure down on oil."The main concern about the strength of the global recovery also send a discomfort in the commodities market, with traders worried that any problem in Greece can stop the recovery."

In foreign exchange trading on Wednesday, the European single currency slumped to USD1, in 2804, reaching its lowest level since March 12, 2009. Meanwhile, the U.S. Energy Department announced Wednesday that U.S. crude oil stockpiles rose by 2.8 million barrels last week. That is significantly higher than market expectations for an increase of about 700,000 barrels, according to analysts. (Martinhaeszone)

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Processed food industry, Investment Need to Rp34, 17 Trillion

Tuesday, May 4, 2010 - 21:50 PM

Reporting JAKARTA - The Latest News about .... Industry Ministry of Industry (Kemenperin) project the processed food industry at this year requires an additional investment amounting to Rp34, 178 trillion, or 43.5 percent growth compared with demand in 2009 amounted to Rp23, 817 trillion.

Director of Food Industry Directorate General of Agro and Chemical Industry Kemenperin Faiz Ahmad said the investment needs required to maintain growth in the food industry remains positive.
"Although not as fast as last year which grew approximately 13 percent, Kemenperin target growth of this sector are in the range of 8-9 percent. To spur growth, needed new investment and expansion of business with significant value, "he explained, in Jakarta, Tuesday (04/05/2010).

This year, he said, some companies in the domestic processed food will add to its investments, such as PT Garuda Food, which is a subsidiary Tudung Group.
Besides, he added, PT Nestle Indonesia will expand its business in milk processing industries in Pasuruan, East Java, worth USD100 million. "Manufacturers who drinks brand is a subsidiary business Torabika Mayora Group will expand the business in 2010," he said.

Explains Faiz, mamin industrial competitiveness is relatively stable throughout the year, although the market liberalization of ASEAN-China (ACFTA) applied considering a number of non tariff barriers such as various certifications Food and Drug Supervisory Agency (BPOM), certification of halal products by the Indonesian Ulema Council (MUI) and the Indonesian National Standard (SNI) has been enacted.

"We have indications of increased import of candy products from China. Kemenperin worried about these candy products contaminated with melamine as happened in the past. We ask consumers to be more careful, "he said.

Franky added, although the government has issued a variety of certificate, still there are some associations who complained about this. "The government is really the focus of improving competitiveness, such as labels according to the Indonesian Minister Decree number 42. But there is an association of protest, a compromise is to go specific products filed objections. For example electronics," said Franky.

BPOM, he added, also have issued a decision which law enforcement that there should be no longer placing stickers on products. "We want to do communication with entrepreneurs that may not be a sticker, it should merge with the packaging," he said. (Otofinance)

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In the year 2021, Malaysia to Build Nuclear Power Plant

Tuesday, May 4, 2010 - 20:11 PM

KUALA LUMPUR Reporting - 'Malaysia' yesterday announced it would build a 'nuclear power plants or nuclear power plants' in 2021 as an attempt to anticipate the growing domestic energy needs. "In principle, the cabinet has approved this plan. We will develop nuclear. For those ministries countdown has begun. In 2021 we will have the first nuclear power plant, "said a Ministry of Energy, Environment and Waters of Malaysia. namely Peter Chin in Kuala Lumpur, told the 'AFP', on Tuesday, December 4 mei 2010.

According to the 'Chin' option to develop nuclear energy a solution to the needs of the 'Malaysia'. This is indicated by the absence of another debate between the government because his priority is to convince people who live around nuclear power plant location.

"When the area was determined and identified, we will involve those affected. Must have sincere discussions on energy security," he said. Currently, half the power plants 'Malaysia' run with the fuel gas, coal and hydropower. "The mix of energy in Malaysia is" not healthy ". Increasing energy demand in the future. The future is nuclear. Itula be the only feasible option, "added Chin said.

Chin added, to support his country's nuclear development, the Malaysian Government would hold technology companies of South Korea, France, Japan, and China. As for location, Chin said, the government has identified areas that allow to adjust the level of electricity demand in the area. "We have several places in our minds," he said. But he declined to elaborate in detail.

Based on the funds the Ministry of Energy, Environment and Waters of Malaysia, the level of electricity use in the neighbor country was now achieving 14 000 MW of total available capacity of 23 000 MW.

"In 2017, we will reach a crucial level of need. This is a training tool that is very expensive because we had no choice," he concluded. Malaysian Government owned energy company Tenaga Nasional Bhd said it may build a power plant on the first stage in the country with a capacity of 1000 megawatts (MW) at a cost of USD3, 1 billion.

In order to support the program Malaysian Government asked to see an option amid surging global oil prices and limited supply of natural gas from producing countries. (Otofinance)

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'Gajah tunggal', drill up to 25% sales rise

'PT Gajah Tunggal Tbk' drill sales growth of 15% to 25% in the first quarter of this year, compared with the same period last year amounting to Rp1, 74 trillion. Director 'ales' ie 'Catharina Widjaja' revealed this year the company will realize additional procurement contracts tires (offtake agreement) from the 'Michelin' in this year to three million tires from the original 2 million tires. (Otofinance).

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Sales Producers 'U.S. Automotive' Rising dramatically.

Tuesday, May 4, 2010 - 14:32 PM


Reporting CHICAGO - After receiving billions of dollars in bailout funds and hit the obligation to repair the recall (recall), actors 'automotive' major 'United States of America (USA)' reported sales spike in April.

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