Archive for March 14th, 2012
The favorable outlook for the U.S. economy encourages the Asian markets
The Southeast Asian stock markets closed today with gains its sessions, encouraged by the latest data from the U.S. economy, which have a favorable light. In Singapore, the Stock Exchange of the city-state gained 37.33 whole, equivalent to 1.25 per cent and Straits Times Index was placed in the 3026.40 level. In Indonesia, the Jakarta [...]
The Kospi is highest in seven months for the good prospects in the U.S.
Seoul’s stock market closed today with a rise of 0.99 percent and peaked in seven months, driven by the favorable outlook on the U.S. economy and to a lesser extent, the success in selling Italian sovereign debt. The KOSPI rose 20.04 points, or 0.99 percent, to 2045.08 units in a session in which they moved [...]
The Nikkei is above 10,000 points for the first time in seven months and a half
Tokyo stocks rose today and closed above the psychological barrier of 10,000 points for the first time in seven months and a half, boosted by a weaker yen, which benefited the major exporters. The benchmark Nikkei rose 151.44 points, or 1.53 percent, and was at 10,050.52 points, while the Topix index, which groups all the [...]
China speeds up renewable energy investment to high oil prices
China, which reported in February a record trade deficit in part because of its oil imports, invest in renewable energy, while its nuclear program doing something behind after the Fukushima nuclear accident in Japan. Chinese oil imports last month rose to 23.64 million tons and a bill of 19,470 million dollars. Last year represented 57% [...]
Chevron Expects Increase In Production Through 2017
Chevron plans to increase its production by a fifth by 2017 thanks to large projects in Australia that should begin to deliver gas to Asia in two years while the company continues to explore for shale gas in China and Poland. The second largest U.S. oil company said that in the Marcellus reservoir stocks are [...]
Four of Nineteen U.S. banks do not pass the “stress tests”
Four of the nineteen banks tested did not pass at least one of the criteria developed in the new tests conducted by the Federal Reserve (Fed) in a scenario of extreme financial crisis, said the U.S. central bank To those not eligible is Citigroup, one of the largest banks in the U.S., the Fed said [...]
Nasdaq Over 3,000 Points After 12 Years & Dow Jones Pass The 13,000 Mark
The Nasdaq Composite Index today closed above the 3,000 mark for the first time in 12 years while the Dow Jones Industrial again conquered the barrier of 13,000, thus exceeding both agreed that symbolic level for the first time in the history of Wall Street. The approval “policy” of the second bailout for Greece, the [...]
Federal Reserve Maintains Course Of Monetary Policy With Ultra Low Rates
The U.S. Federal Reserve (Fed, central bank) confirmed Tuesday as the market expected, which will stay the course of monetary policy of ultra-low rates and promoting liquidity, while more optimistic than in January on employment. The Fed adds, however, the recent improvement in labor market the view that the economy still faces “significant risks” as [...]
