Thursday, October 8, 2009

NEWS @ 08-10-2009

US economic power is declining
"One of the legacies of this crisis may be a recognition of changed economic power relations," said World Bank president Robert Zoellick. The US, the world's biggest economy, has been in recession for almost two years, while emerging economies like China and Brazil have grown ...

“When it comes to international trade, actually it’s not the Great Depression, it’s worse,” he said, presenting charts showing the decline in global trade activity falling much more steeply in the current downturn than during the Depression ...

Nouriel Roubini and Ian Bremmer lay out a series of policy prescriptions for how they think the Fed might be able to avoid creating another dangerous asset bubble without triggering a double-dip recession. They are very clear that this is an enormously difficult task--but even their assessment might be too optimistic ...

“Is this a V recovery or a W?” he said. “(I think) it’s the latter. (If I’m right), we have to be very careful we don’t grow the balance sheet so far before the recovery has come only to write it back into the impairment line later on.” ...

Fear of inflation and the fundamentals will push most commodities higher, but stocks will suffer, he said. “I’m not buying stock, because everybody says that everything is ok, the world is great, don’t worry, but I know in my mind, there are problems still to come, I know inflation is coming,” said Rogers ...

A big part of gold's gains have been attributed to the declining dollar. The dollar index, a measure against six major currencies, fell about 14 percent since March this year while gold rose about 13% during the same period ...

Why do bubbles form and why do markets crash? Both are intriguing questions and both are the result of the inefficiency of human psychology. According to Charles Kindleberger, the US economic historian, the first stage of a bubble is an economic event that justifies some increase in asset prices ...

With loan growth tapering off to 13.2 per cent for the fortnight ended September 11, it’s unlikely that banks will be able to grow their assets by the estimated 20 per cent in the current year. The incremental loan-deposit ratio is currently less than 20 per cent and as such it could be difficult for banks to expand their net interest ...

The Indian banking system is expected to remain resilient even under rigorous stress assumptions on both asset quality and profitability during the financial year ended March 2010 and the financial year 2011, says a Fitch Ratings report ...

RIL claimed the Anil group's power company that is setting up the Dadri plant in Uttar Pradesh, would make a windfall profit of Rs 70,000 crore, as the entire fuel cost (the price at which it gets gas from RNRL) will be passed on to the consumer ...

RIL expressed its inability to supply gas at $2.34 per mBtu (a rate 44 per cent lower than government fixed price of $4.20 per mBtu) to Anil Ambani Group firm RNRL, which had taken the Mukesh Ambani firm to the Supreme Court, seeking gas for group power plants in accordance with a 2005 family agreement ...

“We had committed to reward our shareholders on successful completion of our two world class projects,” RIL chairman Ambani said in a media statement, pointing to the “flawless execution” of the company’s production start up from the gas-rich KG D6 block in April this year and commissioning of (RPL) 580,000 barrel a day Jamnagar refinery ...

In the settlement between the Union and Jharkhand governments on the Chiria iron ore belt, Asia’s largest, Steel Authority of India Ltd (SAIL) is not only getting a billion tonnes, but is also to be entitled to stake claim on the other, unallocated, billion tonnes for its greenfield and other projects, say sources ...


No comments:

Post a Comment

xe.com  Universal Currency Converter ®
Convert this amount
of this type of currency
into this type of currency.

enter any amount

scroll down to see more currencies

scroll down to see more currencies
Universal Currency Converter under license from XE.com. Terms of Use

About Me

DISCLAIMER

All opinions are based on my technical study; however, I do not vouch for the accuracy or the completeness of the matter. I am not liable for any potential damages that may be incurred while acting upon any information mentioned in this report. The views expressed are not of binding nature. The report is intended for a restricted audience & I am not soliciting any action based on it. Please exercise discretion and due diligence in making your decisions. Investments in Capital Markets are not my obligation or guarantee and are subject to investment risks. In no event will I be liable for any damages, including without limitation direct or indirect, special, incidental or consequential damages, losses or expenses arising in connection with this report or use thereof or inability to use by any party, or in connection with any failure of performance, error, omission, interruption, defect, delay in operation even if I am thereof, advised of the possibility of such damages, losses or expenses.