China Financial Daily

December 28, 2008

The military coup of Guinea

Filed under: Financial News — Tags: — Nancy @ 7:00 am -0800

The military coup of Guinea announced the suspension of a curfew
Xinhua in Abidjan, on Dec 27th (Reporter Huang Wei) Conakry news: the “National Commission on Democracy and Development” which the military of Guinea coup launched the establishment, issued bulletin on the 27th, which announced the suspension of the implementation of the The curfew since 26th across the country. Communique said that in order to facilitate the life of the people, to create a good social atmosphere, the committee decided to suspend the implementation of the curfew.

The military chief of Guinea coup said from the non-governmental persons as Prime Minister
Camara in a meeting with representatives of several political parties, trade unions, religious organizations and the non-governmental persons, said from the private sector as the prime minister from non-governmental persons would have real power, in the future all the members of the Cabinet would be responsible for the Prime Minister, political parties and trade unions can have on behalf of the government, and Kamara also called on political parties and trade unions on national affairs to submit detailed comments and suggestions.

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Economic depression in Russia and Medvedev

Filed under: Financial News — Tags: , — Nancy @ 6:59 am -0800

In United States, “the Wall Street Journal”: economic depression into a black hole and instability in Russia
According to the Wen Wei Po of  Hong Kong it was reported that since the financial tsunami, the global demand for commodities market fell down, oil prices in the year from 147 U.S. dollars per barrel fell to an all-time high at first less than 40 dollars, so for Russia who was extreme reliance on energy earnings to support the economic development, could be a nightmare. Next year will be a deficit for the first time in 10 years.

At the beginning for the presidential election, in the middle in favor of war, at the end of year for the economic hard
Since the evening of December 31st 2001, when then-Russian President Vladimir Putin in the Kremlin recorded an annual outdoor New Year’s message, there always behind was a “New Year’s tree vertical,” as a background. It is not known, now that the Russian president in 2009 in his New Year message, if there would be “even if the Kremlin New Year tree” in the background, but people know that the night of Dec. 31st for you to send New Year’s blessing, is not Putin, but Medvedev is – this is in Russia in 2008, the biggest change occurred.

Russia’s fortune followed Putin and a drop in oil prices may drag down the economy
BEIJING, on Dec. 28th Xinhua, Singapore “Lianhe Zaobao” carried an article on the 28th that in eight years of President Putin, Russia’s economic growth had been robust. And when he changed as the Prime Minister, there were the repeated occurrences of the problems: the continuous depreciation of the ruble, the unemployment rate continued to rise; oil prices fell steadily, so that the Russia, the world’s largest energy exporter, suffered heavy losses, may from loan the country change into the debt state .

Russia said Ukraine is likely to be stopped gas
Xinhua in Moscow on December 27th, Russian energy giant Gazprom said on the 27th due to more than 20 billion U.S. dollars debt which Ukraine used of Russian natural gas for, Russia might be on January 1 next year to cut off gas supplies to Ukraine. Echo Moscow radio interviewed, on the same day, Gazprom spokesman Sergei. When asked about the stop toward Uzbekistan, about in both cases whether the stop from the Russian side or on the debt the two sides reached agreement, which are far more likely to be the case.

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The opposition party of South Korea

Filed under: Financial News — Tags: , — Nancy @ 6:57 am -0800

The opposition party of South Korea occupied Congress Hall for resistance of the ruling party who would approve a disputed bill
The main opposition of South Korean, Democratic members of Congress occupied Hall on 26th, in order to prevent the ruling Grand National Party unilaterally through a series of controversial bill relating to economic reform, media management, and so controversial content. South Korean Yonhap News Agency reported that about 50 Democratic members of Congress on that morning suddenly burst into the Hall, closed all entrance to the Hall.

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