Chinese enterprises in Mumbai: a series of attacks may increase operating costs
Chinese AP: from Chinese enterprises in India, from the night of 26 to 27 to the early morning, the first Indian city of Mumbai took place a series of terrorist attacks which may lead a project of Chinese enterprise in Mumbai to delay and increase costs of operating company.
Pakistani media: The United States put pressure on Pakistan so the abolition of China’s locomotive trade
Tuesday, Pakistan Railways Minister Raul de Dracula Mua Ma presided over the meeting, which in addition to senior officials of Pakistan Railways, the United States embassy officials and some U.S. engineers also took part in the meeting. Conference discussed the contract which Pakistan with the Chinese Ministry of Railways signed to buy 75 locomotives.
The foreign media reported as a result of protest Sarkozy meeting the Dalai Lama, China-EU summit will be postponed
26th, according to Agence France-Presse it was reported, because the Dalai Lama fled to visit Europe, and Sarkozy claimed to meet with them, France who holds the rotating EU
presidency on the same day issued a statement saying that China asked to postpone scheduled on Dec. 1 in Lyon.
The Central Bank has cut interest rates drastically for four times
The interest cut widely rumored for several days at last become a reality, which the Central Bank yesterday announced that from now on financial institutions would cut one-year benchmark deposit and lending interest rates by 1.08 percentage point, and the deposit and loan interest rates of other grades adjusted accordingly.
Great cut interest rates increase the country’s determination: security for growth
The Central Bank cut interest rates which was expected in the market, but 1.08 percentage point drop was far beyond expectations. Large commercial banks lowered the rate to adjust the deposit reserve ratio also reflects the decision-making with a view to preventing deflation in the short term and a long-term anti-inflationary intention.
EMC stock: Comments on the reserve ratio and interest rates cut sharply by the Central Bank
Yesterday, the Central Bank cut the rates of benchmark deposit and lending & deposit reserve, also announced to cut the statutory reserve rates and excess reserve rate, as well as refinancing and rediscount rate. The benchmark deposit and loan interest rates will start from Nov. 27 with down 1.08 percentage points, and benchmark interest rate of deposit and loan of other grades will be adjusted accordingly.
OPEC: how do a limited amount and protection of prices impact?
Organization of Petroleum Exporting Countries (OPEC) weekly average oil prices since July this year created a record high of 138 U.S. dollars a barrel after have went all the way down, and the minimum fell to 45.4 U.S. dollars per barrel, as the lowest point of OPEC for near 3 years and a half.
Merrill Lynch cut the price of crude oil which is expected in 2009 to 50 U.S. dollars / barrel
Merrill Lynch & Co. (MerrillLynchCo.) Wednesday said that global economic growth prospect was gloomy and global demand for crude oil shrank, so the company will in 2009 from the oil price of 90 U.S. dollars per barrel down to 50 U.S. dollars. At the same time, the world’s gross domestic product (GDP) estimates of Merrill Lynch next year will adjust to 1.3 percent of increasment.
International crude oil market with the delicate patternIn 2008 the trend of crude oil is the most spectacular of the year. In that year, not only the price of crude oil broke through 100 U.S. dollars / barrel, but also broke through the 110,120,130,140 U.S. dollars / barrel and other important prices, and eventually broke through 147 U.S. dollars / barrel. However, while strong crude oil prices at a time the United States announced in early July the second quarter economic data which showed U.S. economy unable to resume growth this year.
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