BEIJING Wuswusq Reported- China's balance of payments recorded a surplus in the first quarter of 2011. Nevertheless, the amount of surplus is down 18 percent from the same period last year.
China's trade balance, which could affect world trade, reaching USD29, 8 billion in the first three months of this year. This was revealed by the State Administration for Foreign Exchange (SAFE), China said in a statement, as quoted by AFP on Tuesday (24/05/2011).
This figure is markedly lower when compared to the fourth quarter of last year which amounted to USD102, 1 billion. While direct investment into the country's second largest economy in the world reached USD42, 6 billion in the first quarter compared to the previous $ 39, 1 billion.
In 2010, China's current account surplus jumped 17 percent to USD305, 4 billion, where the demand from the United States (U.S.) and Europe toward China, rebounded after the global financial crisis.
While the increasing demand for Chinese goods to encourage growth. This means China's central bank, must work harder to control the value of the yuan and to stem the flood of liquidity, which has fueled inflation.(Wuswusq)
SINGAPORE Newsecoinfo Reported- Asian stocks slid amid signs of slowing U.S. economic recovery, and this pushed global stocks and oil prices lower than the previous day.
As quoted by Reuters on Tuesday (05/17/2011), the Nikkei average (N225) slumped more than three percent during the last three sessions, and is in line with the weakening of other risky assets. Another factor is that investors expected the U.S. Federal Reserve's stimulus program that could be completed at the end of June.
Sendoro Nikkei fell 0.44 percent, while the Topix (TOPX) fell 0.64 percent. As for Indekx MSCL's Asia-Pacific stocks outside Japan (MIAPJ0000PUS) fell 0.21 percent, and it extended the decline from two weeks ago. But there are several markets, including in Singapore closed for a holiday.
The decline in Asian stocks following Wall Street is, the Hang Seng Index fell 34.46 points (0.15 percent) to the level 22926.17. Seoul index fell 6.38 points (0.30 percent) to a level of 2097.80. Straits Times Index fell 27.20 points (0.86 percent) to a level of 3136.48.
However, this decrease is not the result of the arrest of the IMF boss Dominique Strauss-Kahn over alleged rape trial. Indeed, the negative sentiment in political circles of France and the IMF, but has no effect at all on the Asian market.
Meanwhile, Wall Street apparently did not hold strong negative market sentiment, the results led the Nasdaq stock exchange the United States into the red zone.
This weakening in hatched by Nasdaq which slipped quite sharply by 46.16 points (1.63 percent) to a level of 2782.31, while the Dow Jones industrial average closed down 47.38 points (0.38 percent) to the level 12548.37 and the broader Standard & Poor's 500 index also fell 8.30 points (0.62 percent) to as low as 1329.47 In trading on Monday (Newsecoinfo)
WASHINGTON Newsecoinfo Reported - In 2025 the coming six major countries namely Brazil, China, India, Indonesia, South Korea, and Russia will enter the global growth and the international monetary system. Therefore, trade seprtinya no longer dominated by the single currency (USD).
It is revealed from the World Bank press release received by Legal Tuesday (05/17/2011). World Bank says, the shift map of the economy managed to push the growth in low-income countries through cross-border commercial and financial transactions.
This positive response by the Global Development Horizons 2011 multipolarity. He said, will form a new global economy, a group of developing economies. Economic groups will grow an average 4.7 percent per year between 2011 and 2025.
"rapid rise in developing countries has encouraged a shift, where economic growth centers distributed across the developed and developing countries," said World Bank chief economist who is also senior vice president for development economics Justin Lin Yifu.
Meanwhile middle class is expected to grow by 2.3 percent in the same period, but will remain prominent in the global economy in Europe, Japan, the United States. In addition, all predicted to play a central role in the problem of fuel. "That's really a multipolar world," he added.
He also estimates that, if the emerging market (developing countries) and the growth of multinational companies into force in reshaping the global industry, with investments growing rapidly. (Newsecoinfo)
JAKARTA Newsecoinfo Reported- PT Salim Ivomas Pratt budget capital expenditure (capital expenditure / capex) amounted to Rp2, 2 trillion by 2011 this.
"150 billion of total capex in 2011 will be used the company to purchase four barges,"said Vice President Paul Moleonoto, in a press conference after the Due Diligence Meeting & Publlic Exposé, Four Season Hotel, Jakarta, Friday (6 / 5 / 2011).
Regarding projected revenue and net income will reach the company in 2011, the company did not want to disclose it. But until the first quarter of 2011, this acquisition the company had net sales reached Rp2, 9 trillion, while net income had reached Rp527 billion.
"To project the net profit and revenue in 2011 will we achieve this we can not disclose it, which apasti we will try for a value greater than the previous year," he concluded.
Regarding the production of palm oil, the company said that until the quarter-I, 2011, the growth of palm oil production grew by 13 percent. the company was targeting that in krun next five years the company wants to have land of palm oil up to 280 thousand ha.
"Within the next five years we want memikili head land of 280 thousand ha of oil palm, where within a year we can increase oil palm land of 15 thousand-20 thousand ha," he said.
(Newsecoinfo)
Oak Brook Newsecoinfo Reported - McDonalds recorded a revenue increase of six percent on last April 2011. Positive sales performance of McDonalds shakes, coffee and breakfast menu to boost the performance of these fast food restaurants.
Thus quoted from the Associated Press (AP) in Jakarta on Tuesday (05/10/2011), the performance of this company looks to grow. In Europe, Asia, Middle East and Europe to grow the company grew to 6.5 percent. In the United States (U.S.) it just grew four percent, but its performance leads the industry this restaurant.
The number is derived from sales of some franchise outlets. The figure does not include revenues from total revenues of the company itself, also does not include rental fees paid by the franchise.
Revenue is also not including the new store is opened or closed. Where income over the last 13 months is the key to the health of the franchise.
The company itself states to benefit from changes in the menu that are sold as a breakfast menu that is oatmeal. In other countries such as China, Japan and Australia also made the same change. In addition to menu changes, of course, changes to revamp the restaurant itself.
The increase in the break as much as six percent analysts predicted, whereas previously, they declare McDonalds sales will increase by four percent.(Newsecoinfo)
NEW YORK Newsecoinfo Reported - Prices of stocks rose again on the third day this week led by the utilities sector and other sectors that can boost profits. This is because the investors in the market betting on the growth of corporate profits, so put aside concerns about weakening demand.
For now, the equity market to filter potential problems that involve debt in the eurozone and a selloff in commodity speculation is a sign of weak economic growth.
"The market has absorbed most of the negative news so far and have to push higher. Based on the facts, investors focused on revenue recovery and growth," said a partner in San Mateo, California-based Grubb & Ellis Co., Jay Leupp, quoted by Reuters , On Wednesday (11/05/2011).On average, the Dow Jones Industrial (DJI) rose 75.68 points, or 0.60 percent at 12760.36. The broader Standard & Poor's 500 (SPX) rebounded 10.87 points, or 0.81 percent to 1357.16. While the Nasdaq Composite Index (IXIC.) rose 28.64 points, or 1.01 percent to 2871.89.
Utilities sector in the S & P 500 is a utility (GSPU) which rose 1.3 percent. Although regarded as a sector which has low growth. This sector has risen 5.4 percent since April 8 when a recent U.S. bond yields began.Other conditions that help support the market is the news of China's trade surplus, which slid on concern global economic growth slows.
On the other hand, Microsoft Corp. shares slumped 0.6 percent to $ 25, 67 after it announced plans to buy Internet phone service Skype for $ 8, 5 billion and the price is considered too expensive. And shares of eBay Inc., which owns shares in Skype, rose 2.5 percent to USD33, 93.
(Newsecoinfo)
BEIJING Newsecoinfo Reported - China's inflation slowed in April 2011 to 5.3 percent compared with the previous March in the position of 5.4 percent. However, the realization of inflation is still higher than that diekspetasikan.
So, still the Chinese Government is still possible to take steps further economic tightening. Data prices of some goods and bank lending indicates the government has to anticipate rising inflation.
"April data appear mixed. Where industrial production weakened but remains a strong investment. From the view of the whole, the economic situation is still relatively quite hot," said economist with Shao Yu Hongyuan Securities, as quoted by Reuters, in Shanghai.
"The economic indicators April is not off the possibility the central bank will raise the reserve ratio or raising interest rates. I believe that the central bank will, at least, increase reserve requirements once in two months," he added.
Production of the industry in China in April slowed to 13.4 percent (year on year) from 14.8 percent in March.( Newsecoinfo)
BEIJING Wuswusq Reported- China's balance of payments recorded a surplus in the first quarter of 2011. Nevertheless, the amount of surplus is down 18 percent from the same period last year.
