S & P: U.S. will remain the reserve currency, subject to the stability of markets

March 12, 2010 – 2:35 pm
U.S. dollar will maintain its status as global reserve currency so long as the U.S. financial market will maintain stability, reported Bloomberg referring to the report of Standard & Poor's. Now dollar is "the most acceptable currency in the world." His role has not changed even after the global economic downturn that began in the U.S., the report says the head of committee of sovereign credit ratings of S & P, John Chambers (John Chambers). The dollar is supported by the highest credit rating of the United States, which greatly facilitates the authorities of that country's access to external capital markets, and also reduces the cost of servicing loans. "Widespread recognition of the dollar is the result of a strong U.S. economy, which, in our opinion, based on their size, flexible labor markets, and commodity markets. We can see that banks and capital markets in the ...

Daihatsu Motor recalls 275 thousand cars in Japan

March 12, 2010 – 2:28 pm
Japanese carmaker Daihatsu Motor Co, a subsidiary of automaker Toyota Motor Co., announced a recall to repair nearly 275 thousand cars in Japan due to malfunction of the ball bearing. Guest undergo model Hijet and Atrai. Exports from Japan has sent only 449 cars problem. Late last month, Daihatsu has announced a recall of 60,8 thousand cars because of anticipated problems with wiring, which can lead to accidental airbag deployment. Following the recent reports of withdrawal, the shares have fallen in price Daihatsu Motor on the Tokyo Stock Exchange on 1,1%. Over the past few months, Toyota decided to withdraw from the market and should be repaired more than 9 million vehicles due to a defect accelerator pedal. This figure exceeds the annual sales, which in 2009 amounted to 7.81 million units.

Fire in the Central House of the architect in Moscow extinguished

March 12, 2010 – 2:21 pm
Fire in the Central House of the architect in the center of Moscow eradicated, victims do not, ITAR-TASS. "Information on the ignition in the Central House of the architect in Granatny Lane received today at 08 : 20 Moscow time, "- the source said. According to him, ignition was in the basement of the building. "The total area of the fire was 10 kv. m. The reasons for its occurrence are established. " Earlier in the law enforcement agencies reported that the> fire originated in a restaurant, which is located in the basement.

Russia, the progress of the auction: The opening took place at lower indices

March 12, 2010 – 2:14 pm
Similarly, the situation appeared, and an hour after trading began. The RTS index was trading with an increase of 0,12% to a mark at 1,503.26 points and the MICEX index dropping by 0,15% to a level of 1400.2 points. Most of the most liquid securities traded on MICEX , demonstrated by this time mixed dynamics. Top gainers were shares of AvtoVAZ and Uralkaliya, whose growth was 1,2% and 0,9%. In the Green Zone were also shares of Aeroflot, prices increased by 0,3%, Lukoil - by 0,5%, RusHydro - by 0,5%. On the contrary, Severstal's capitalization has fallen to 0.9 %, Surgutneftegaz - by 0,5%, GMKN - by 0,6%, Polyus Gold - by 0,8%, Gazprom - by 0,4%, VTB - 0,4%, Sberbank & ndash to 0,5%. By midday, the MICEX index also moved to the green area. By 12:00 Moscow time RTS index rose ...

Rada Speaker Lytvyn: A coalition of the Stability and Reform

March 12, 2010 – 2:07 pm
In the Verkhovna Rada of Ukraine formed a coalition called "Stability and reform", which included 235 people's deputies, Interfax reported. It is expected that it will name a new Prime Minister. > be announced at a meeting of Parliament on Thursday made the chairman of the Verkhovna Rada Speaker Volodymyr Lytvyn. In the parliamentary majority entered the Regions Party faction, the Communist Party and the Lytvyn Bloc, as well as several individual deputies. Recall, February 25 inauguration of new President of Ukraine Viktor Yanukovich, who is the leader " regionals. March 2, the Rada, it was announced the dissolution of the coalition led by Yulia Tymoshenko Bloc, and the next day, parliament dismissed the Tymoshenko government. Under the Ukrainian constitution, a coalition formed in parliament parliamentary factions, it includes a majority of parliamentarians -- not less than 226. total number ...

South Korean Stock Exchange approved provedenire record IPO Samsung Life

March 12, 2010 – 2:00 pm
South Korean Stock Exchange on Thursday approved an IPO leading life insurance companies of the country Samsung Life Insurance, whose volume is estimated at $4 billion, which could enable him to become the biggest share issue in South Korea. Initial Public Offering of the insurer is scheduled for May. Other details of the IPO Samsung Life has yet to be set, including its final size and price range. Some local media believe that the amount of accommodation could reach $7 trillion. won ($6.3 billion). company Samsung Life holds a leading position in the South Korean insurance market, which according to its volume in Asia behind only Japan. Currently, the largest IPO in the Republic of Korea - this location in 2006, shares of the country's largest retailer, Lotte Shopping, which has attracted $3.6 billion Company Korea Life floated a $1.8 billion last week. Another Korean insurance ...

President of Russia signed a law that increased the amount of mortgage

March 12, 2010 – 1:56 pm
Russia President Dmitry Medvedev today signed a federal law "On Amending Article 3 of the federal law" On Mortgage Securities, "reports the Kremlin press service. Document adopted by the State Duma on 19 February 2010. and approved by the Federation Council on March 3 2010, allows to include in the mortgage-backed securities mortgage loans in which the proportion of funds provided by the bank, is 80%, and equity to citizens - 20%. The current wording of the law loans with a ratio of the loan amount and the appraised value of the collateral above 70% can not be sekyuritizirovany.Kak noted the presidential press service of Russia, changes intended to help expand the range of mortgage-related assets subject to securitization, which would entail an increase in the volume of mortgage loans .

Agriculture Minister: In 5 years, Russia will be fully secured by its own food

March 12, 2010 – 1:49 pm
Agriculture Minister Elena Skrynnik sure that in the next 4-5 years, Russia will be fully secured by the main types of food products of domestic manufacture. about this, she said in an interview published today in the newspaper > "Vedomosti". "In the next 4-5 years, and is provided in Doctrine of food security, we expect to achieve full self-sufficiency meat, milk, sugar - the main types of food" , - she said. "Grains and potatoes we already perform this task", - added the Minister. "Government and the Ministry adopted a set of measures to help reduce the volume of food imports, - noted Skrynnik. - As a result, in 2009, imports of meat decreased by 30%. " "With regard to milk, then we provided them by 83% at a threshold value established by the doctrine, 90%," - she said. "develop their own production of beet sugar", ...

Medvedev ratified SCO agreement on cooperation in rescue techniques

March 12, 2010 – 1:42 pm
Russia's President Dmitry Medvedev signed a federal law "On ratification of Agreement between the Governments of States - members of the Shanghai Cooperation Organization on cooperation in providing assistance in disaster management," reports the Kremlin press service. Act ratified an intergovernmental agreement of SCO member states on cooperation in providing assistance in disaster management, signed in Moscow on October 26, 2005, which aims at creating conditions for effective interaction between the SCO member states under the international humanitarian and rescue operations. Agreement provides for mutual assistance in disaster management the SCO member states, as well as assist in the facilitation of transit for relief, following through their territories for the liquidation of emergency situations as in the SCO member states and other countries. also defines the principles and forms of cooperation of SCO member states in this area, the procedure for the preparation ...

Export duty on crude oil may rise from 1 April to $269 per ton

March 12, 2010 – 1:35 pm
Export duty on crude oil in Russia could grow from 1 April 2010 up to around $268 - $269 per ton, reports Reuters, referring to the calculations of the Ministry of Finance. According to the Chief Consolidated Analysis Department Ministry of Finance Alexander Sakovich, if prices remain at $76 - $78, the final average price of monitoring is $75.43 - $75.63 per barrel, Thus, the marginal rate of export duty will amount to $268 - $269 per ton of oil per ton of light oil - $193 - $194 and the dark - about $104. Since March 1 to April 1, the rate of export duty on oil at $253.6 per ton, on light oil products - $183.2 per ton, on dark - $98.7 per ton. Calculation of fees for April will be on the basis of price monitoring of marine parties of Russia Urals oil from 15 ...