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.