Wednesday, April 21, 2010

Price per barrel of OPEC oil April 20 rose to 81.8 U.S.


Price of oil OPEC basket (OPEC Reference Basket of crudes) on Tuesday, April 20, rose to 0.94 U.S. dollar - up to 81.83 dollars per barrel to 80.89 dollars per barrel to 80 previous trading day should be from the message of the organization. In March 2010 the average price of a barrel of OPEC oil was 77.21 dollars, in February - 72.99 dollar in January - 76.01 dollars per barrel. Record prices of the basket was set July 3, 2008 - 140.73 dollars per barrel. The average price in 2009 was less than half - 61.06 dollars per barrel. In March 2008 the "basket" has been expanded to 12 varieties of oil at the expense of Ecuador. Thus, the current price of OPEC basket is determined by the average of the prices of the following sorts of natural oil produced by countries in the cartel: Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Iran Heavy (Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Qatar Marine (Qatar), Arab Light (Saudi Arabia), Murban (UAE) and BCF 17 (Venezuela).

Exchanges in Asia on Wednesday closed at increasing accountability Apple.

Leading stock markets in Asia finished bidding environment of strong growth in the reporting of U.S. IT-giant apple Inc. and manufacturer of computer equipment Elpida Memory Inc., reports Bloomberg. Total Asia-Pacific index MSCI Asia Pacific (including Japan) to the closure of key areas of Asia and Australia on Wednesday rose by 1.1% to 127.37 points. The enthusiasm of investors across Asia has caused the financial results of apple in the first quarter of 2010, published on Tuesday night. Net income in the period rose to 3.01 billion dollars. "Profit Companies (who have published their financial statements) has exceeded expectations. Recovering really started and will show itself more clearly, despite the risk of worsening debt problem" - lead agency comment analyst and head of Ausbil Dexia Ltd.Pola Ziradisa (Paul Xiradis). Stock market in Japan, rich in shares of companies producing high-precision products, on Wednesday shut down growth. Nikkei 225 Index, which reflects the dynamics of the shares of the largest companies traded on the Tokyo Stock Exchange, on the basis of the trading day grew by 1.74% to 11,090.05 points, having played earlier in the week lost psychologically important mark in 11 thousand items. At the same time the broader Topix rose by 1,54% - to 987.07 points. Meanwhile, China's stock market on Wednesday returned to growth. The attention of investors during the first two trading days of the week, dropping shares of Chinese companies after the news of tightening credit policy, the action shifted to the nation's largest producers of semiconductors. According to data posted on the site exchanges, the index of Shanghai stock market (Shanghai Composite Index - SCI) on the basis of trading on Wednesday, grew at 1.80% to 3,033.03 points, having played thus psychologically important level of three thousand items. At the same time, the index showing the dynamics of transactions on the second largest stock exchange in mainland China in Shenzhen (SCZE Component), increased by 2,74% and closed at 1,211.65 points. Stock Exchange of Hong Kong, meanwhile, by contrast, has completed the bidding environment in the red zone on the growth of investors' concerns about increasing inflationary pressures on the economy. Hang Seng index during the day sank 0.52% to 21,510.93 points. Meanwhile, a strong corporate reporting of U.S. companies led him up and the stock market in South Korea. According to information posted on the official website of the Stock Exchange of Seoul, a key index KOSPI (Korean Composite Stock Price Index) grew by 1.72% - up to 1,747.583 points. Growth also showed Singapore and Australia. A key index of the Singapore Straits Times Stock Exchange rose by 0,72% - to 2982.09 points, and the Australian S & P / ASX 200 added 0.58% to 4,954.30 points.

France will allocate 3.9 billion euros from the budget through the assistance of Greece.

France in 2010 to allocate 3.9 billion euros from the budget for credit in Greece within the framework of aid a country burdened with debt, according to Agence France-Presse citing Economy Minister Christine Lagarde. Statement Lagarde sounded in the meetings of the delegations of the European Commission, European Central Bank and the International Monetary Fund, which opened earlier on Wednesday in Athens. "We will submit the draft to the National Assembly (lower house), May 3-4 and May 6-7 - in the Senate" - lead agency words Lagarde. Eurozone countries and the IMF promised to Greece to 45 billion euros in the first year under the percentage below the current market, in order to help the country overcome the severe debt and budget crisis. The Greek Government has requested further talks on how such assistance will affect the three year program of fiscal stabilization. As noted by analysts, the talks will take place in a relative hurry and will take two to three weeks, since the uncertainty in the credit support of Greece severely impact the country's ability to refinance its more than 300 billion of debt. Markets have already been punished Greece a record yield of its debt because of the two-day delay in the negotiations. Until the end of May to Athens to take in about 10 billion euros to pay for current obligations.

Saturday, April 10, 2010

In Catholic churches around the world are the funeral Mass for the dead in plane crash .

About the victims of Polish citizens praying Pope - Benedict XVI. In Catholic churches around the world are the funeral mass. The mourning began to worship and in the Moscow Church of the Immaculate Conception of the Blessed Virgin Mary in the Little Georgia.

Living in the Russian capital coming to the building of the Polish Embassy to lay flowers. Anyone can sign a book of condolence.

Tomorrow in Russia - the day of national mourning. He has been declared and all institutions of the European Union - on the buildings in Brussels on April 12 will be half-mast flags.

By the dead and mourn in Brazil, where he lives fairly sizeable Polish community - there mourning will last for three days.

In Poland, will announce two minutes of silence in memory of those killed in plane crash near Smolensk.

Poland today would die in silence. The country will be announced in two minutes of silence. Began one week mourning for the dead. Accident near Smolensk rallied people to memorial services are thousands of parishioners.

In Poland - second day of national mourning for the dead in plane crash near Smolensk. The walls of the presidential palace laid a carpet of flowers and candles.

People carried flowers and lit candles all night. One of the major streets of Warsaw - Cracow - turned into a stream of people. On large screens broadcast images of those who died in the crash.

Suzanne Buyach: "For me, the death of President Lech Kaczynski, MPs, military leaders - the tragedy of the whole nation. We lost nation's elite. And regardless of rank and position, we grieve for each one of them."

Portraits Lech Kaczynski and his wife, who died of deputies of the Saeima, public figures and military leaders went into mourning frame on the front pages of all Polish publications.

At noon, stopped traffic and pedestrians, stop manufacturing plants - so the country holds its breath, observed a moment of silence in memory of those killed in a plane crash near Smolensk.

In accordance with the Constitution of Poland after the tragic death of President Lech Kaczynski's head of state powers transferred to the Speaker of the Sejm Bronislaw Komarovsky.

Bronislaw Komorowski, chairman of the Parliament of Poland: "Fellow citizens, friends, relatives. In accordance with the Constitution of my country, I like the Marshal of the Seimas, take over the presidential duties.

My problem now - in two weeks to announce the date of the new presidential elections, in turn, since the announcement to the will must take place no more than 60 days. What I intend to do, after consultation with all political parties.

Under current legislation, an early presidential election should be held within ten days after the date of announcement of elections. Thus, the name of the new head of state will be known in June.

It is unclear what will happen farewell ceremony with Lech Kaczynski. The only time until this moment in history, Poland has lost the head of state in 1922. , Was killed the first president of the republic.

Sunday, April 4, 2010

Unemployment in the U.S. in March amounted to 9,7%.

The unemployment rate in the U.S. in March was unchanged from the previous month and amounted to 9,7%, the number of jobs in non-agricultural sectors for the reporting month increased by 162 thousand, according to data the Bureau of Labor Statistics U.S.. Thus, the rate of increase in new jobs in March was the highest since March 2007. Analysts polled by internet portal dailyFX.com, predicted that the number of unemployed in relation to total working age population will remain at 9.7%, and the economy, excluding the agricultural sector, will create 190 thousand new jobs. The report indicated that the number of jobs in non-agricultural sectors of the economy in January increased by 14 thousand, and in February, the economy has lost only 14 of thousands of jobs against the original estimate of 36 thousand. In October last year, unemployment in the U.S. rose to 10.2%, which was the maximum level for 26 years. On Thursday it became known that the number of initial applications for unemployment benefits in the U.S. for the week ending March 27 declined by 6 thousand - to 439 thousand, which coincided with the expectations of analysts. Also this week analyst firm Automatic Data Processing Inc. published data showing that the number of jobs in private companies, the U.S. in March compared to February fell by 23 thousand against expected by analysts to increase by 40 thousand. Finance Minister Timothy Geithner said on Thursday that the administration of U.S. President Barack Obama "very concerned" about the pace of reconstruction after the severe labor market since the Great Depression of the economic crisis. In an interview with NBC television Geithner expressed confidence in the gradual improvement in the labor market, as well as the fact that the economy will begin to create new jobs. " Nevertheless, Geithner noted that the U.S. unemployment rate will "remain unacceptably high for a very long time", explaining that "damage, which caused the recession."

AvtoVAZ may open the assembly line "Lad" in Venezuela.


President of OAO AvtoVAZ, Igor Komarov, and leadership of the Venezuelan Corporation Corpivensa in Caracas on Friday signed an agreement of intent to open a car assembly line production of "Lada" in Venezuela, RIA news from signing the document. At the signing was attended by Prime Minister Vladimir Putin and Venezuelan President Hugo Chavez. Also Komarov and the head of Venezuelan state-owned Suvinca Daoud Simon (Simon Daoud) signed a contract to supply 2,250 thousand cars Lada in this Latin American country. In Caracas on Friday also signed an inter-agency memorandum approving licenses planned for implementation in Venezuela, Russian cars. In addition, representatives of Russia's other automaker, OAO "KAMAZ" concluded an agreement on partnership and strategic alliance for the development of industrial projects in the municipality of Valencia. Currently, a series of "Lada" (LADA), produced by AvtoVAZ, includes a family of cars LADA Priora, LADA Kalina, LADA Samara, LADA 2105/07 and LADA 4x4.

The contracts with Venezuela will support the economy of Russia.


The contracts with Venezuela is an investment in the Russian economy, said a source in the delegation of Russia, who accompanied Prime Minister Vladimir Putin on his trip to Caracas. A spokesman for Prime Minister Dmitry Peskov told reporters that Putin returned to Moscow on Saturday night from Venezuela, which he attended on a working visit. A source in the Russian delegation, summing up the trip, told reporters that "the agreements reached in Caracas, it is difficult to overestimate." "The main thing - not digital calculation of signed documents, the main thing - their practical significance for Russian-Venezuelan relations and the domestic economy", - he said. He noted the importance of the signed documents on the work of the consortium of Russian oil field Junin-6 "in Venezuela. "The consortium has access to the holy of holies - the largest oil reserves in the world. This project is designed for many years to come, for decades, and he pulls a series of related projects - the construction of an oil refinery (Venezuelan high-sulfur crude oil and requires treatment), petroleum coke remaining after cleaning, will be used for new generating capacity, which will also be built in Venezuela, "- said the source. He also noted that the consortium paid for the so-called "ticket" in the amount of a billion dollars, which is the usual international practice in such projects. "Six hundred million of this billion were paid during the visit, and Vladimir Putin handed over payment order, the remaining 400 (million) will be paid before the end of the year", - said the source. He noted that Venezuela received funds allow her to place orders for the Russian defense industry enterprises to purchase weapons, which leads to the loading of the enterprises themselves, secure jobs, the development of the technological base of the Russian defense. The source said that the Russian side also agreed to Venezuela's credit line in 2,2 billion dollars. "As soon as Venezuela would be ready to use it, it will also be able to send these funds for the purchase of Russian weapons, which, in turn, will give effect to the enterprises of the Russian defense industry" - he said. The source noted, and a contract to supply to Venezuela 2,25 thousands of Russian Car "Lada". "This is a good agreement that will allow us to realize domestic production in a while domestic demand continues to set," - he said. Member of the delegation also recalled that in the near future in Venezuela will be deployed assembly plants Russian car KAMAZ and AvtoVAZ. According to him, it is also good support for domestic industries. "By investing in Venezuelan projects, we invest in the future of our bilateral relations and, importantly, we simultaneously invest in support of the Russian economy", - concluded the source in the Russian delegation.

World Bank

International Bank for Reconstruction and Development, better known as the World Bank, is one of the world's largest sources of development assistance. Its main purpose is to assist the poorest groups and poorest countries. World Bank helps developing countries fight poverty and achieve stable, sustainable and equitable economic growth. The World Bank was founded in 1945 with the primary objective of assisting in the reconstruction of Western Europe after the Second World War. Following the restoration and restructuring of European scope of the World Bank shifted to providing support to developing countries.

The International Monetary Fund (IMF)

The International Monetary Fund (IMF) - a special agency of the United Nations, established 184-me States. The IMF was created on Dec. 27, 1945 After adequate signing of the 28-th gocudarstvami agreement drafted at the UN Conference on Monetary and Financial Issues in Bretton Woods, July 22, 1944. In 1947, the fund began operations. IMF Headquarters rakspolagaetsya in Washington, DC, USA.

Intercontinental Exchange (IntercontinentalExchange) .

At the Intercontinental Exchange (ICE) traded the following commodities: crude oil and petroleum products such as heating oil and jet fuel, as well as other commodities such as natural gas and electric power. The most high-profile trades crude oil are Brent (on the London inter-continental exchange), and the price of oil this brand oriented the entire world oil market. Most of the trades on the Intercontinental Exchange is focused on committing cash transactions, based more on values underlying the particular goods already delivered, rather than the value of an abstract commodity that is only scheduled to be put through a period of time.

The European Bank for Reconstruction and Development (EBRD)

The European Bank for Reconstruction and Development was established in 1991, when the countries of Central and Eastern Europe was collapsing communist system and the former Soviet bloc countries needed support to nurture a new private sector in a democracy. Today the EBRD investment instruments are used to build market economies and democracies in 29 countries - from Central Europe to Central Asia.