Moving Free, 'Yuan currency' Start Slowly Rising.

Reporting BEIJING - The yuan exchange rate strengthened on Tuesday morning trading, after the Central Bank of China promised to let the currency trade more freely against dollar.

People's Bank of China set a level of parity as the central point of the official trading currency is moving at 6.7980 against the dollar, or 0.43 percent higher than 6.8275 in trading Monday before yesterday.

Quoted from the AFP, Tuesday, (22 June 2010), the Central Bank had pledged this weekend to make yuan more flexible, without prejudice to the sharp fluctuations of the currency or one-time adjustments.

The move was widely performed as a bid in spite of facing the Group of 20 summit which will take place in Canada this weekend. Where central China are accused of mounting overseas who control China's forex and give exporters a competitive advantage and create unfair.

In trading in China on Monday, penetrating 6.8 yuan or precisely where 6.7969 against the dollar rose 0.40 percent before the close of trading. This figure is the strongest since unpegged yuan policy makers of the dollar in mid-2005 move.

However, the level of trading on Monday yesterday still in a tight trading range in Beijing where the analysts said, when China promised this is not a sign of a big revaluation. Thank you for visiting (otofinanceinfo)

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Banking Spanish-Need 30 Billion Euros

MADRID Report - latest news about the economy, the Spanish bank restructuring is predicted to require funds amounting to 30 billion euros. Spanish Government will finance the plan with the Fund for the Restructuring of the Bank (FROB).

"It (the fund 30 billion euros) more than enough to meet the needs of all banks," said Spanish Economy Minister Elena Salgado as quoted from Reuters.

Elena explains, FROB can raise funds up to 99 billion euro.Dana was formed with the purpose of acting as standby fund to help institutional lenders.

"Based on data from Central Bank of Spain (BOS) funding requirements less than 90 billion restructuring euro.Tapi, I estimate the total requirement is less than a third (30 billion euros)," he said.

This week the world's stock price, exchange rate of euro against U.S. dollar (U.S.), and oil fell as investors worried over the public financing Spanyol.Investor-yack off assets that have a high risk.

MSCI world stock index yesterday fell 0.3 percent after rising to the highest position in sebulan.Indeks FTSEurofirst 300 fell 0.25 percent. While the exchange rate of euro against the U.S. dollar fell 0.4 percent to USD1, in 2245 and against the yen weakened 2 / 3 percent to 111.71 yen. Value of U.S. dollar against major world currencies rose 0.5 percent.

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Wall Street increased in the 200th Pts

NEW YORK, otofinanceinfo - Wall Street jumped sharply in trading Tuesday, 15 June 2010. where investors make purchases party. Dow Jones index turned positive for this year and rise above 200.

Investors are motivated over the success of debt auctions in Spain, Belgium and Ireland, the European concern over the debt crisis. Euro rally against the dollar and pushing commodity prices higher.

"You saw the return of confidence in this new and clearly this new pricing evidence kepara euro. Clearly there is a trend to return to risky assets," explains Managing Director of Stifel Nicolaus Capital Markets, is 'Tom Schrade'. as quoted from Reuters, Wednesday, 16 June 2010.

Average Dow Jones Industrial (DJI). climbed 213.88 points, or 2.10 percent, to 10,404.77. Standard & Poor's 500 Index's (SPX). rose 25.60 points, or 2.35 percent, to 1,115.23. The Nasdaq Composite Index (. IXIC) climbed 61.92 points, or 2.76 percent, to 2,305.88.

Trade moderate with transactions running at the New York Stock Exchange reached 8.41 billion, below average last year reached 9.65 billion.

The positive sentiment from the European single currency also makes the euro rose to above USD1, 23 which is the highest level since June 3.

Semiconductor stocks helped lift the Nasdaq after TSMC (2330.TW) and UMC (2303.TW), two of the world's largest contract chip maker, forecast increased demand in the coming months amid an improving global economy and rising sales of new personal computers and other consumer gadgets.

Intel Corp. (INTC.O), the world's dominant chipmaker, added 2.8 percent to USD21, 48, while Broadcom Corp. (BRCM.O) rose 5.7 percent to USD35, 84, and Marvell Technology Group Ltd. (MRVL.O ) jumped 8.3 percent to $ 18, 94.

S & P index of energy stocks (GSPE). gained 2.7 percent, with US-listed shares of BP Plc (BP.N) up 2.4 percent at USD31, 39. Halliburton Co. (HAL.N) rose 6 percent to $ 25, 46, while Cameron International Corp. (CAM.N) rose 4.4 percent to USD37, 38.

Shares of Intel Corp., which is the largest chip producers jumped 2.8 percent, up 5.7 percent of Broadcom Corp. and Marvell Technology Group jumped 8.3 percent. thanks already visited (otofinanceinfo).
Photo: Corbis

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England Crop Growth Target to 2.6%.

Reporting LONDON - The latest news about the economy. England in 2011 cut its economic growth target to 2.6%, and cut the estimated annual lending to the public to be 155 billion pounds.

Quoted from 'AFP', Monday, 14 June 2010, these growth figures published by the independent fiscal watchdog, the coalition government formed by Prime Minister of England. is David Cameron.

The previous government estimate of economic growth target could be expanded by 3.25%.

Meanwhile, 'The Office for Budget Responsibillity', in a statement when the borrowing country reveals the UK, when compared with the previous estimate of 163 billion recorded at pound.Terimakasih already visited (otofinanceinfo)

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South Korea - Start Controls Won Currency Exchange Rate.

Reporting SEOUL - The latest news of economic challenge, 'The South Korean government' announced the start to limit currency trading in the banking sector.

Transactions in banks and financial institutions 'south korea' which is bounded forward currency transactions, cross-currency swaps and currency non-deliverable forwards.

Reuters, Sunday, 13 June 2010, this step is intended to control short-term debt and fluctuations in the flow of funds so that it can suppress the economic risk.

The financial authorities 'south korea' fear a sharp decline in the won exchange rate, as long as world market turmoil caused by the debt crisis will negatively affect European Affairs of ginseng. 'South Korea' to stabilize the exchange rate and reduce overseas borrowing.

"This policy aims to reduce fluctuations in capital flows that could trigger a systemic risk to the state and not the intervention to a specific value, said Minister of Finance, financial regulators, and 'South Korean Central Bank'," in a joint statement.

He added that countries should prepare a special rescue tools for critical instruments such as the high volatility in capital flows.

Restrictions should be implemented in October, and is applicable to local and foreign financial institutions. But official data from Government 'south korea' indicates a foreign bank must immediately implement this new rule.

These new rules will reduce the forward and futures transactions by bank and non-bank institutions in the 'south korea' by 50 percent. Capital requirements for foreign banks increased 240 per cent of bank capital.

As a result, local banks' capital requirements is only one thirtieth of a foreign bank. Currently, foreign bank derivative transactions reached 300 percent of their capital, while local banks have visited only 15.6 persen.Terimakasih (otofinanceinfo)

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Economic Growth of Developing Countries - Will Reach 6%

Otofinanceinfo - 'World Bank' represents the economic growth of developing countries are projected to increase from 1.7 percent in 2009, to approximately six percent for 2010-2012.

Stable growth was seen in each year, covering the anticipated growth slowdown will occur in China ranging from 9.5 percent in 2010 to 8.5 percent in 2011. When the fiscal stimulus provided in 2009 was ending.

"With the exception of China and India, the GDP of developing countries is projected to increase 4.4 percent in 2010, 4.4 percent in 2011, and 4.6 percent in 2012," said World Bank Chief Economiest Justin Yifu Lin told reporters during a teleconference at the office World Bank, Exchange Building, Jakarta, Thursday, 10 June 2010.

He continued, high demand for external financing in times of reduced capital flows lead to significant adjustments in the current account (current account), and slower growth in some developing countries during 2009.

As a result, financing needs are expected to decline from USD1, 2 trillion to USD1, 1 billion in 2010.

"Most of the decline that occurred in 2010 caused by a reduction in the current account deficit imposed on developing countries through the reduction of international capital flows amounted to 40 percent during 2009," he added.

According to him, the current account balance in these countries are experiencing a deficit is reduced by almost half from USD283 billion to USD128 billion in 2009. In some developing countries in Europe and Central Asia, the deficit shrank to less than 50 percent.

While the medium and long-term debt with a maturity also decreases thus reducing the requirements for financing, but short-term debt has increased leading to the occurrence of re pernjadwalan overall debt.

"Based on the assumption that the current account deficit remained at the level as in 2009 as a percentage of GDP, the total external financing needs of developing countries is projected for USD1, 1triliun for 2011 through 2012," he said. Thank you for visit (otofinanceinfo)

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European crisis, Asian Stock Down.

Reporting TOKYO - I want to convey the latest news about the economy, most Asian stock markets declined on Wednesday to record this. overnight gains as investors took off in the 'Wall Street', amid concerns about the debt crisis of Europe.

Average Japan's Nikkei 225 index 93.79 points, or equivalent vanish one percent to 9444.15 in the morning session. South Korea's Kospi index fell 0.2 percent to 1647.55, as well as the Australian index and S & P / ASX 200 slipped 0.1 percent to 4397.60.

Quoted from 'Associated Press', Wednesday, 9 June 2010, the Hang Seng index also fell 0.4 percent to 19404.94. The benchmarks are achieved in Malaysia and New Zealand only increased slightly, while Singapore, Taiwan, and China fell.

In Asia, investors in stocks trading off gains in the United States (U.S.) local time on Tuesday amid fears that the ongoing fiscal crisis could lead to Europe having a global economic slowdown.

It is known, 'Dow Jones', carrying up 123.49 points, or 1.3 percent to 9939.98 as investors return is not uneasy to market a result of the comment 'Chairman of the Federal Reserve (Fed)', is 'Ben Bernanke' about the U.S. economic recovery.

While for the currency, the dollar fell to 91.37 per yen in Tokyo trading from 91.53 per yen in New York on Tuesday evening local time. Euro drops to USD 1, 1951 from USD1, 1971.

Euro had touched the lowest figure for four years and the last few days due to concerns about weaker economic growth prospects in Europe and the economic impact of public spending cuts announced by European countries, including Germany and the UK.

While for the benchmark crude oil for delivery in July rose 53 cents to USD72, 52 per barrel in electronic trading on the New York Mercantile Exchange. Thank you for visiting, I hope this information is useful. (Otofinanceinfo)

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U.S. regulators - Back Cover 3 Bank.

WASHINGTON report - Banking Regulators 'United States' close the three troubled banks have the 81 failures recorded. Banks are closed on Friday, 4 June 2010. local time, among other 'TierOne Bank of Lincoln', 'Nebraska', and two small banks in Missisipi and Illinois.

Quoting from the 'Reuters', Saturday 5 June 2010, 'TierOne' which is the fourth largest bank in Nebraska lose USD300 million last year, due to real estate loans in Florida, Nevada, and several other U.S. states. Starting on March 31 last, 'TierOne' has assets of about $ 2, 8 billion.

'Great Western Bank of Sioux Falls', South Dakota, agreed to buy 'TierOne' with funds that had been prepared approximately USD2, 2 billion.

"There are 69 branch offices will reopen Saturday TierOne as a subsidiary or a branch of Great Western," said party of 'the Federal Deposit Insurance Corporation or FDIC. "

While two small banks in Missisipi and Illinois went bankrupt due to credit crisis. The peak number of small bank failures expected to occur in the third quarter of this year and could exceed the number of 140 banks that failed last year.

Small banks in Missisipi, namely the First National Bank of Rosedale who has property $ 60, 4 million U.S. Regulators also closed. However, will reopen early next week on Monday as the son of 'The Jefferson Bank in Fayette, Missisipi. For that, 'the Jefferson Bank' is expected to grow USD63, 5 million.

Meanwhile, for banks in Illinois, 'FDIC' has approved the payment of deposits of 'Arcola Homestead Savings Bank' in Arcola, Illinois, after the bank was not able to find another bank as penjaminnya. 'Arcola Homestead Savings Bank' has assets of USD17 million and savings amounting to $ 18, 1 million.

Although bankruptcies threaten the banking industry, but the number of failures has not reached the level of savings and loan crisis, as it has experienced in 1989 when 534 pda closed institutions.

In the current crisis, the problem of the banking industry has shifted from what had been problematic on home mortgages to commercial real estate. In particular, to community banks that tend to have greater focus in dealing with commercial real estate loans.

However, suppose that the banking industry showed signs of recovery are quite strong.

"At the quarterly meeting on May 20 last, we saw already many banks have managed to increase their capital to improve the balance sheets of financial companies or even acquiring other banks," said FDIC Chief Sheila Bair.

He also said the FDIC sees a higher bid by a number of banking companies to acquire troubled banks.

"This shows the great desire of some companies to take the assets of a number of problem banks," he said. Thank you have visited this blog (otofinanceinfo)

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Dow Jones, Stronger Thin 5 Points

Reporting NEW YORK - The latest information about the economy. Index 'Dow Jones' only thin about five points higher, accompanied by a strengthening of seed stocks in the 'Wall Street', which involved strengthening thin at the close of trading Thursday, 4 June 2010. local time.

A number of investors re-consider the existence of the signal varies with the economic recovery superpower 'United States', ahead of May jobs data report is awaited.

As quoted from the 'AFP', Friday, 4 June 2010, the main index skidded lower but rose again to close in positive territory, after opening with moderate rise.

This can be shown, with the 'Dow Jones Industrial Average' little rose 5.74 points. 0.06% to 10255.28. This suggests an extension rally sharply Wednesday 2.25%. Meanwhile, the technology-heavy Nasdaq index climbed 21.96 points (0.96 percent) to 2303.03 and the S & P 500 index gained 4.45 points (0.41 percent) to 1102.83, breaking the psychological threshold of 1100 sensitive.

"Currently, shares war against weaker today, as all three major market indexes struggled to extend its bullish action on Wednesday for the second consecutive session," said analysts 'Schaeffer `s Investment Research' is Elizabeth Harrow.

Department of Labor will publish employment data and unemployment on Friday, one hour before the stock market opened.

Meanwhile, investors have a diverse bunch of news to digest, including the decline in weekly initial claims of unemployment, the report 'ADP' disappointing on job creation and private sector ISM index is flat in the service sector growth. thank you already visited my blog. (Otofinanceinfo)

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Black Gold Prices Rise USD73

Reporting LONDON - The price of the black gold of the world succeeded in rose above the level of USD73 per barrel, at the close of trading Wednesday, 06 juni 2010 local time. This brings benefits for the traders, due to the loss cleared seajk corrected early trading, traders said.

As quoted from the AFP on Thursday (06/03/2010), for New York's main contract, light sweet crude for July delivery, rose $ 1, 2004 to the level of USD73, 62 per barrel. Meanwhile, crude for London's Brent North Sea for July delivery rose $ 1, 65 to USD74, 36.

Wall Street managed to turn up on Wednesday and European equities regained some of their losses as investors hunt action shares have fallen sharply on fears the euro zone debt and the global economic recovery.

The Dow Jones Industrial Average rose 0.31 percent at the opening, a day after falling amid fears of new European bank problems and a decrease in growth in China, as well as cope with rising costs of the Gulf of Mexico oil spill disaster.

Meanwhile, pending home sales rose for the third carrying the current month in April as home buyers rushed to sign the contract before the expiry of government's tax credit. Thank you for visiting (otofinanceinfo)

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European Banking Losses, Could Reach 195 Billion Euros

Frankfurt Report - 'The European Central Bank / ECB' yesterday warned that potential losses on banks in the euro zone could reach 195 billion euros in the next 18 months, when entering a second wave of crisis.

Losses were estimated to have occurred if the banks increase the share of purchases of government bonds in the euro zone is still considered risky due to high budget deficits.

ECB says euro zone banking sector needs to increase fees for mengkover losses this year are estimated at 90 billion euros and 105 billion euros in the next year. The loss is due to the write off bad loans in 2009 amounted to 238 billion euros.

"This projection was first issued by the ECB for next year despite the decline in total assets at the end of 2010 tended to be lower than previously estimated," the ECB said in a recent Financial Stability Report, released yesterday, as reported by the 'Reuters', Tuesday 1 June 2010.

However, the decline in government assets in the euro zone over the next two years, is estimated to be greater if debt ratio is still high despite the government made various efforts thrift.

'ECB' began buying most of the debt of Greece, Portugal, and Spain as a form of support for economic stabilization pascakucuran bailout package worth almost $ 1 trillion early last month. Thank you for visiting (otofinanceinfo)

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