Bill Gates, who is the richest man in the world, said today that the U.S. economy and will take years to recover from the recession ST. Moreover, he added that he expects the taxes in the United States will grow to be able to balance the budget. These forward Reuters, citing an interview, which gave Microsoft co-founder of ABC. Gates also warned about excessive government interference in financial matters and urged the President Barack Obama to focus on longer term goals such as education and prevention of the consequences of the deepest recession since the Great Depression. When such a crisis happens, take years of economics, “to dig up,” said Gates. The budget is already quite razbalansiran and even to return the economy back on the road to rise without changes in tax policy and the holder the right fiscal framework will remain on minus. At any time the financial markets will vzrat in this hole and it can not but cause problems, added technocrats. Microsoft co-founder said that “everyone is confused and difficult to slow economic recovery, but I think there is any magic wand with which the Government to expedite the process”
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The quotes of the Asian oil trade fell below $ 75 a barrel, reaching almost to the monthly minimum, and the main reason, according to Reuters agency have poor economic data in Asia and especially the increasing demand for currency to replenish the reserve of some large banks China. Additional indicator for the lowering of prices was news that the economic growth of South Korea has slowed down during the last quarter of 2009 due to three factors: reduced export demand and crouching low public spending. All this led to a decrease by 85 cents a quotation of U.S. light sweet crude for March delivery at $ 74.42 a barrel. When Brent was also reported a decline of 80 cents to $ 72.89 a barrel on supply in March. Players expect the oil market statistics for stocks in the United States to take their decision how to proceed until the end of the week. This information will be made tomorrow on two channels – from the American Petroleum Institute (API) and Energy Information Agency (EIA).
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Throughout 2009., Sales of existing homes in the United States amounted to 5.16 millions units, up by 4.9% annually from 4.91 millions units reported for 2008. This is the first increase in sales of existing homes in the U.S. for 2009. since 2005. here, but is largely supported the initiative, which supports the purchase of a first home in the country and in the amount of 8 thousand dollars for every buyer. In December sales decreased by 16.7 percent on a monthly basis until season middle 5.45 million units. with expectations for a drop of 10.0 percent on a monthly basis. In November, data showed an increase by 7.4% on a monthly basis to 6.54 millions units.
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Future of Ben Bernanke, who on 31 January to appear in the U.S. Senate to be reelected for a second term in office of President of the U.S. Federal Reserve (Fed), is less certain, says the online edition of the WallStreet Journal. At the end of last week the number of senators who will vote against the increase, incl. and members of the Democratic Party. Fed is subjected to very severe criticism over its policy during the passing decade of this century. According to the Financial Times the charges were for common monetary policy for financial market deregulation, weak control over the banks, which has indeed led to the emergence of the financial crisis. However, many legislators are unhappy with the actions of the U.S. central bank and specifically by Bernanke and himself during the crisis, incl. and rescue of the banking system and specifically the insurance giant AIG, to whom was committed and guaranteed $ 180 billion public money. On Friday, the Democratic Party Senators Barbara Boxer and Ras Feynhold, who are partial elections for their eventual re-election, said they would vote against a second term of Bernanke. “The next chairman must not be associated with a failed financial policies of the recent past,” said Boxer to WallStreet Journal. According to the newspaper, referring to Dow Jones Newswires, for 15 senators have announced that Bernanke will not support (4 Democrats, 10 Republicans and one non-party), 26 senators, however, have announced that they will support it, while 59 does not have publicly announced comment. Bernanke needs 60 votes to get a second term.
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The head of the International Monetary Fund Dominique Strauss-Kahn warned that the world economy can survive the next round of reduction and to get into the so-called dual recession, reports BBC. He advised the parties not to suspend incentive packages for the housekeeper, who last year brought to curb the decline in the national economy. He added that currently China and Asian countries contributing most to economic growth fragile. Economic recovery in developed countries has so far been weak. To see a stronger upward movement should be improved consumer demand and reduce unemployment. He however assured that this year would increase the IMF forecast growth of world economy.
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The price of crude oil fell in Asian trade because of fears that lending in China will reduce the pace and because of expectations that stocks will rise in the U.S. for the third consecutive week. Among the reasons for the decrease in cost of raw materials and the growth was the dollar to levels of 1.4196 EUR / USD at 1.4288 EUR / USD yesterday. U.S. light crude for delivery in February fell by 82 cents, or 1 percent to 78.20 dollars a barrel in afternoon trading on Asian trade. Today is the last trading day of the February futures. The more active the March contracts fell by 72 cents, or 0.9 percent to 78.60 dollars per barrel. Yesterday the price of raw materials rose by 1.02 dollars or 1.3 percent to 79 dollars for barel.
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The crude oil prices run over $ 78 a barrel, which has long stopped falling over the last five working days, the agency reported Reuters. And the reason for the sharp rise indicates the suspect standing in addition – the weakening of the dollar, but concerns about increased demand for energy resources and signs of recovery in the global economy. Contracts for U.S. light crude for delivery in February, have added very quickly to the price of 64 cents to $ 78.64 a barrel after the beginning of Asian trade today was reported quarterly decline to $ 77.29 a barrel. The price of London’s variety “Brent” add less – 43 cents to $ 77.54 a barrel. Today in the U.S. markets are closed and oil traded volumes were small, pointed brokers. They even admitted to the upsurge in prices is short-lived. According to Reuters the current oil prices are 50 percent lower than the historical maximum of $ 147 a barrel reached in July 2008. International Energy Agency (IEA) announced that the termination of economic incentives may be a threat to oil demand this year, which will increase its price.
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The crude oil price fall for the sixth consecutive session in Asian trade today because of this that the stocks of raw material is more than sufficient to meet demand, which will be very slow recovery to the economy. Oil prices continue to be quoted under $ 78 a barrel after Qatar’s Energy Minister Abdullah al-Atiya said yesterday that the Organization of the countries of exporters of oil will not change their production quotas. U.S. light crude oil with delivery in February fell by 93 cents, or 1.2 percent to 77.07 dollars a barrel in Asian trade but then recovered positions to 77.87 dollars per barrel. Last week’s contract was down by 5.7%, which was first decreased by five weeks onwards. Brent with delivery in March fell 72 cents, or 0.9 percent to 76.39 dollars a barrel in electronic trading on the London Stock Exchange.
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Technological industry breakthrough expected of tablets, wrote analyst firm Deloitte in its analysis titled “Challenges and opportunities for the TMT (Technology, Media and Telecoms) industry for 2010 is expected that these portable devices to offer a balanced side form form and function in 2010 and has sales in tens of millions. In the telecommunications sector, mobile search is expected to be decisive for the strategic marketing direction for the development of smartphones is expected to end in 2010 search engines to become one of the five most wanted applications. It is expected that mobile voice over Internet protocol (VoIP) to evolve from niche into a major market segment in view the availability of new services to be combined into even greater degree with IP-based features of mobile voice telephony, as one to-many conversations (one-to-many calls), voice mail transmission (broadcast voicemail), and voice-to-text (voice-to-text). As a result, estimates are that mobile VoIP services will attract tens of millions of users by the end of 2010. As regards the media sector the highest growth of revenues will have a custom video content (video-on-demand), thanks to the humble technology of the transmitter. The volume of DVD-th distributed through these devices will double in 2010
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KIA Motors South Korean company announced that total sales of passenger cars and trucks in 2009 amounted to 1 651 920 units. This is 20.1% more than in 2008 indicating the company. By region, China KIA significant growth of 69.9% with 256 732 registered units. In Korea, the main markets, North America and Europe, sales of vehicles under the brand KIA amounted to 412 752 units (30.4 percent growth), 304 522 units (16.2 percent growth), 346 181 units (11.3% growth ) and 242 288 units (7.7 percent growth). Bestseller of the brand for 2009. is representative of the C-segment Cerato (known in some markets and under the name Spectra or Forte) with a total of 304 295 units sold. KIA Rio ranks second with 177 299 Realized number, followed by Sportage registered with 172 296 units. Produced wholly in Europe – KIA cee’d remain in 4th place with 124 389 recorded sales, followed by pipsqueak Piquant realized with 100 355 units.
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