Nigeria oil suffered from the pain
Africa’s major oil producer, Nigeria with oil industry in 2008, suffering from armed attacks and kidnapping them. In addition, the fluctuations in international oil prices gave not a small impact on Nigeria’s economy who was excessive dependence on oil revenues. Since the beginning of 2006, more frequent armed attacks on oil facilities and kidnapping have become a headache for the Nigerian government to make the “Niger Delta crisis.”
Nigeria oil in 2015 will account for U.S. oil imports by 25%
To 2015, Nigeria’s oil exports to the United States will account for the United States oil imports by 25% so to become the fifth largest source of the United States imports, rather greater increase than the current 15% share in the United States which will mark the supply of United States oil from the Middle East to Africa. At present, Nigeria has more than Saudi Arabia, Venezuela to become a major U.S. oil supplier.
The Korea Development Bank said the car in Shanghai should take the lead in supporting Ssangyong Motor
According to the South Korean Yonhap it was reported that Ssangyong Motor’s main trading bank, Korea Development Bank said that if the major shareholder of Ssangyong Motors, Shanghai Automotive with non-payment of a total of about 1.6 billion yuan as the cost of transfer of technology and others, it was very difficult for banks to provide Ssangyong Auto loans further. At present, Shanghai Automotive has not provided the cost of Ssangyong Motor.
SAIC made to lay off 2,000 people as a condition of aid for Ssangyong Motor
Shanghai Automotive Group, the shareholder of South Korea’s Ssangyong Motor Co., SAIC can provide Ssangyong 200 million U.S. dollars (about 257 billion won) in relief funds and assistance on the condition that from the Ssangyong’s production line it laid off 2,000 peoples. Ssangyong Motor union said: “The major shareholders’ passing the buck to workers is inappropriate.”
SAIC, the South Korean government and industry bank with mutual wrestling
In the case of no outcome, Ssangyong’s largest shareholder – China SAIC and the South Korean government on Ssangyong’s financial assistance, in consultation came to an end. On 26th, SAIC vice president Jiang Zhiwei in Gwacheon office with Korea First Deputy Minister of the knowledge-based economy met to discuss the Ssangyong cash-flow problems. Shanghai Automotive Industry Group and industry Bank required firstly aid for Ssangyong Motor.
General Motors, Chrysler began on December 29th to receive government loans
Dec. 29 is the day when U.S. government to release GM and Chrysler 13.4 billion U.S. dollars of short-term loans, but industry analysts believe that the loan is only the beginning of the rescue. According to the Ministry of Finance on December 19th it was announced the rescue plan, in which GM and Chrysler were to be held on December 29th respectively to receive 40 billion dollars in relief funds, and be followed General Jan 16, 2009 to draw other 5.4 billion U.S. dollars Loans.
Obama’s future economic stimulus program may be up to 700 billion U.S. dollars
Chinese AP: on the local time on December 28th, elected president of the United States, Obama’s political consultant David Axelrod in the U.S. CBS (CBS) said, the Obama team was currently brewing economic stimulus program which needed to spend about 675-775 billion US dollars. Axelrod said the relevant parties were discussing about a 675000-775000 million US dollars of economic stimulus plan, but the exact number had not yet been finalized.
The United States to encourage more people to use coins
Xinhua in Washington on December 28th, in the current economic crisis, the U.S. government in recent days was to encourage citizens to reduce the use of notes but in favor of a more durable and lower production costs of U.S. coins. On 28th, according to local media reports, this was not the first time the U.S. Mint to promote the use of coins, but it contains a new strategy to stimulate consumer protection and environmental consciousness to save the economy.
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