Posts Tagged ‘China’
Wednesday, January 27th, 2010
The U.S. market analysts predict a new shock to the markets. After Obama’s intentions to repair the banking system radically, according to them, now it is time for China to throw bombs in markets. This time, however, no room for panic, because it is forecast that China will take once an increase in the value of its currency. This should give a strong impetus to the markets, as can be extremely useful for most economies in the world. At this stage, however, nothing is certain, so do not make the mistake to trust fully the hearing, Brian Kelly warns of Kanundrum. “Many foreign exchange traders talking about this for quite some time, but so far nothing like that has happened,” he said. Kelly himself believes that it is very likely to happen. “There are political and economic will in China to do so, he believes. “From an economic standpoint, if inflation continues to grow, they will be most useful to let the yuan to rise and to suppress growth in prices. Purely political, such a decision would simply make the situation of China to the world a favor, “he said.
(more…)
Tags: China, comments, communique, Finances, financial trade, shock, U.S. market, yuan
Posted in Asian Finances | No Comments »
Wednesday, January 20th, 2010
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.
(more…)
Tags: China, crude oil, Crude Oil Price, EUR, price, USD
Posted in Uncategorized | No Comments »
Saturday, January 16th, 2010
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.
(more…)
Tags: China, Forte, Kia, KIA cee'd, KIA Motors, KIA Rio, Piquant, South Korea, Spectra, Sportage
Posted in Asian Finances, World Finances | No Comments »
Monday, January 11th, 2010
The rally in Asian and Pacific stock markets continue after China reported the export of its first annual growth for the past 14 months in December. The growth of imports of goods into the country to record levels has an even better sign for the prospects of the global economy. Moreover, last year China has become the biggest market for cars gain on U.S. forward Bloomberg. Sales of cars, buses and trucks in the country increased by 46% yoy to 13.6 million units compared to 10.4 million units in the United States. The regional index MSCI Asia Pacific, excluding Japan, rose by 1.1 percent during today’s session at 432.24 points. Most of extractive companies that helped after the delivery of copper in three months rose by nearly 3% to 7 675 dollars per metric ton on the London Stock Exchange. Gold price, in turn, jumped to a record 1.8 percent last month to 1 158.4 dollars an ounce. With increased session ended in Shanghai, where the Shanghai Composite rose by 0.5 percent to 3 212.75 points, led by financial companies and those in the real estate sector. Yesterday it became clear that exports to China increased by 17.7% yoy in December to 130.7 billion dollars, while imports of Asian countries increased by nearly 56 percent to a record high value of 112.3 billion dollars. Complete with increased trade and exchange in Hong Kong where the Hang Seng added 0.5% to its value at 22 411.52 points. More strongly increased the index of blue chips in Australia S & P / ASX 200, which rose by 0.8 percent to 4 950.7 points, supported by extractive companies. New Zealand NZX 50 closed session, however, negative territory, losing 0.2 percent to 3 303.75 points.
(more…)
Tags: Asia, Asian markets, China, Economic data, Pacific, Pacific stock markets, stock markets
Posted in Asian Finances, World Finances | No Comments »
Monday, November 30th, 2009
Today’s session brought indexes in Asia and the Pacific region, the strongest decrease their day for the past eight months, but ended the week with a painful decline in most markets in the region. Stood at the head Japanese, Chinese and South Korean securities market, which lost between 4% and 6% of its market capitalization over the past five trading sessions. Reason for mass sales became the news of the failure of the Dubai government investment holding company Dubai World to meet its obligations to creditors. The Fund has a debt for 59 billion dollars, equivalent to most of Dubai’s foreign debt to 80 billion dollars. Meanwhile, the Japanese yen rose to its highest rate against the dollar since 1995. Financial difficulties of the Dubai World stocks fell on banks and insurers in the region, led by HSBC Holdings, whose shares fell nearly 8 percent. This is due to investor concerns about exposure of large international banks to fund Dubai. Construction companies also suffered because of the activity of the Dubai World in the construction sector. The regional index MSCI Asia Pacific, which brings together companies from stock markets in ten Asian countries plus Australia and New Zealand, slid 3.2 percent to 113.78 points. This is the strongest decrease in the stock measure within one day of 30 March so far. Financial companies in its composition have contributed most to the sharp drop in MSCI Asia Pacific. The good news that unemployment in Japan fell for the third consecutive month in October, while consumer spending increased household failed to stop reductions in the indexes. Thus MSCI Asia Pacific to cut their lead to five-year bottom of 9 March to 61 percent. For the past five trading sessions the index fell by 2,7 percent.
(more…)
Tags: China, Chinese, Japan, Japanese, Market, markets, MSCI, Nikkei 225, Pacific region, securities, South Korean
Posted in Asian Finances | No Comments »