Since the European banks will be required to disclose more information about the number of employees who earn more than 1 million annually. It shows the mood in Brussels. The European Commission has proposed to the authorities in different countries to collect information on the number of people earning over 1 million a year and a breakdown of their income – salary, bonuses, long-term bonuses and pension contributions. The information will be sent in the new European banking regulator, who will publish it for the country in the same form for the 27 Member States of the European Union. The idea was included in the comprehensive proposals as part of the bill for major changes in the rules for the banking sector. Much of the proposals concern the introduction of a new international agreement, known as “Basel III”, which aims to increase the quantity and quality of banks’ capital. Most of the proposals contained in the rules that if adopted, will be binding on Member States and institutions. But the package also contains a directive that – despite the introduction of a requirement for disclosure of remuneration – aims to harmonize and strengthen sanctions against banks that violate the rules.
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With a sharp decline in the indices started the week on the New York Stock Exchange.
“Next week will be very volatile, as investors were frustrated by the debt problems of Europe and the debate on lifting the ceiling of U.S. debt”, said Paul Nolte of MarketWatch, Managing Director of Dearborn Partners.
An hour and a half after the beginning of the session Dow Jones tumbled 1.24 percent to 12,325 points, S & P 500 1.23% wiped by 1 299 points, while Nasdaq lost 1.39 percent to 2751 points. A spokesman for Republicans in the House of Representatives John Bonner said that his party will not accept any tax increases. Republicans will insist on a firm commitment to shrinking government budget deficit of the United States to reach agreement on the debt ceiling. This week is to go and more corporate accounts. Only the companies included in the S & P 500, 100 will announce its financial results.

The crude oil price fall in the electronic trading in New York after the U.S. credit rating was placed under surveillance for possible reduction. This increased the speculations that the economic is slowing down and may reduce demand for raw materials in the U.S. The futures fell 0.5% after ratings agency Moody’s announced it would review the country’s Aaa rating for the first time since 1995. Oil prices affect the data of the U.S. Department of Energy, which announced yesterday that gasoline demand fell by 3.2% during the week ended 8th July.
“This revision of ratings is worrying”, said Anthony Noonan, the assistant general manager of Mitsubishi Corp in Tokyo. “The uncertainty that this creates a market is scary. Crude demand has stagnated, and this is not healthy for the U.S.”, he added. The price of oil for delivery in August fell 51 cents to 97.54 dollars a barrel in electronic trading in New York. Contracts yesterday rose 62 cents to 98.05 dollars a barrel – the highest level since July 7. Prices have risen by 27% last year. The price of Brent crude oil for delivery in August was 118.40 dollars a barrel, down 38 cents.

The crude oil rises during e session in New York because signals increase in demand in the U.S. and unexpected drop in inventories. The investors rely on signs of economic recovery, pointing to increased domestic demand, which is a major consumer of raw materials globally. The futures rose 0.8% after the U.S. Institute of Petroleum announced yesterday a surprise drop in inventories of petroleum products in the U.S.. Stocks have dropped by 3.2 million barrels to 357.1 million barrels. Analysts had forecast that the decline will be 2.3 million barrels.
“The data on stocks of oil probably helped to appreciate,” said Jonathan Barrett, managing director at Commodity Broking Services Pty in Sydney, which predicts that the average price of raw materials will be $ 100 a barrel this year. “The market expected employment data. If they are not good, this will be the last nail in the coffin”, he added. The price of oil for delivery in August rose 80 cents to 97.45 dollars per barrel. Contracts yesterday fell 24 cents to 96.65 dollars a barrel – the lowest level since July 1. But prices are 32% higher than last year. The price of Brent crude oil for delivery in August rose 48 cents, or 0.4 percent, to 114.10 dollars a barrel.

Nowadays, the online currency trading Forex tray increasingly popular all over the world. With this, rapidly grew the investment companies in USA and Europe, which offer this service. However, when you decide to open a forex account, how to proceed and what are the basic features, which you should follow. Here are advices which the Top Forex Brokers are giving to you, before starting your real money account in some company
The reputation of the Broker
Look for a Forex broker honesty, his manner of work, attitude towards customers, etc. The views on the issue can be found in publications, forums or acquaintances, who have had experience in this business. There are a few cases in which the broker applies tricks for larger profits. Sometimes if a customer starts to win, he can be placed in unfavorable terms of trade. Known cases like this where such customers are set to manual execution, respectively, a delay of implementation and often requoting. Although it sounds unbelievable, it is quite possible because Forex is the least regulated markets internationally.
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Really we all know that gold is one of the strongest and best currencies in the world, so many of the countries reserves are in gold. A lot of investors think that gold coins are even more stable than the gold at all. Buying Gold Coins Online is easy way to find cheap and really strong financial instrument of your savings. The price of the gold coins is really stable, having no fluctuations, low changes are really strong increasing trends. Having of low value of gold coins do not make them attractive for the big investors, but for the small investors this is really good instrument.
The gold coins are really having large variety and can be made in different forms. They are made for collections and for some special celebrations and occasions, so they have even more value, than just the gold used for creating them. Really the gold coins are great way to invest your money with simple and small size coin, which is having strong price during the years. Many people are investing money in such collections, making this their hobby and also having savings for their children and their grandchildren.

For less than a day after the removal of the embargo on exports of cereals from Russia, traders have been formed to export about 1.1 million tons of grain, reported newspaper “Pravda”. The embargo was introduced in August last year and was raised from 1 July. According to Russian Deputy Prime Minister Viktor Zubkov, however, at present there is no reason to take special measures again on the export of this commodity. Expected volume of export of Russian grain harvest from last year to be within the 15-17 million tons (compared to the harvest of wheat in the country is expected to be about 4 million tons). Because of the weaker last year’s cereals harvest in Russia due to drought, the government introduced a ban on exports of wheat, corn, barley, rye and flour.
The ban on export of flour was removed by early 2011. In the spring there was even an indication that the embargo on grain exports may continue until October this year, ie while to assess how the volume of the new crop of grain. According to preliminary official estimates Russian grain harvest in the country this year will be around 85 million tonnes.

The international rating agency Fitch raised the credit rating of Romania to investment grade, citing progress in deficit reduction and release of 2-year recession. The rating was upgraded by one notch to BBB-with stable outlook, which is the lowest investment grade, said in a statement the agency.
“The upgrade reflects the progress made by Romania to recover from the effects of financial crisis,” including a return to economic growth, reducing the current account deficit and budget deficit reduction, said Ed Parker, head of sovereign debt of emerging markets at Fitch. “There is an objective to reduce the worst risks in Romania,” he added. Gross domestic product rose 1.7% in the first quarter of this year compared to same quarter of previous year, thus ending a frustrating two years, as demand for exports increased. Romania, which received two international loans since 2009, plans to reduce its budget deficit to less than 3% of GDP in 2012 from 6.5% in 2010. From investor service Moody’s also gave Romania its lowest investment grade rating of Baa3, while Standard & Poor’s put the Romanian debt rating BB +, which is the highest speculative grade.

The confidence of European investors has risen for the first time in four months, after oil prices retreated and the economy gained momentum. The index measuring sentiment in the 17-nation euro area rose to 5.3 from 3.5 points in June, the study of Sentix, which is one of the leaders in Germany and Europe. The indicator of current business conditions rose from 18.50 19.25, and that the expected – advanced from -10.50 to -7.75 points. In the monthly study involved 922 investors. It was conducted between June 30-July 2, and results are revised.
In the first quarter euro area recorded the strongest growth for almost a year, helped by unexpectedly strong economic growth in Germany, compensating austerity in other countries in the region. The crude oil prices fell by around 4% last month, EU finance ministers approved a loan to Greece amounted to 8.7 billion, increase confidence.
“It seems that the correction in commodity prices, especially oil, is considered as a cushion,” it said in a statement Sentix. “Improved estimates of the investors are definitely influenced the vote and support for Greece.”
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