Economy 101 & FAQs

komengfx

us ngn qe2 nye....

china ngn inflationnye...

japan ngn strong yen nye......

aku tngk us nak melemah susa....firts2 dulu bole la sbb qe2 punye psl...skng ni susa skit...nak2 euro crisis...sbb euro weight die us dollar...

komengfx

trade dificit  ngn trade surplus perlu....tp tngk la keadaan cmne..

tp jgn terlalu trade dificit..maknenye negare berhutang...nnt xpsl2 kene bailout lak malaysia ni..huhu

pengecatbintang

http://www.chinadaily.com.cn/chi ... ontent_11599087.htm

China, Russia quit dollarBy Su Qiang and Li Xiaokun (China Daily)
Updated: 2010-11-24 08:02

St. Petersburg, Russia - China and Russia have decided to renounce the US dollar and resort to using their own currencies for bilateral trade, Premier Wen Jiabao and his Russian counterpart Vladimir Putin announced late on Tuesday.

Chinese experts said the move reflected closer relations between Beijing and Moscow and is not aimed at challenging the dollar, but to protect their domestic economies.

"About trade settlement, we have decided to use our own currencies," Putin said at a joint news conference with Wen in St. Petersburg.

The two countries were accustomed to using other currencies, especially the dollar, for bilateral trade. Since the financial crisis, however, high-ranking officials on both sides began to explore other possibilities.

The yuan has now started trading against the Russian rouble in the Chinese interbank market, while the renminbi will soon be allowed to trade against the rouble in Russia, Putin said.

"That has forged an important step in bilateral trade and it is a result of the consolidated financial systems of world countries," he said.

Putin has called for boosting sales of natural resources - Russia's main export - to China, but price has proven to be a sticking point.

Russian Deputy Prime Minister Igor Sechin, who holds sway over Russia's energy sector, said following a meeting with Chinese representatives that Moscow and Beijing are unlikely to agree on the price of Russian gas supplies to China before the middle of next year.

Russia is looking for China to pay prices similar to those Russian gas giant Gazprom charges its European customers, but Beijing wants a discount. The two sides were about $100 per 1,000 cubic meters apart, according to Chinese officials last week.

Wen's trip follows Russian President Dmitry Medvedev's three-day visit to China in September, during which he and President Hu Jintao launched a cross-border pipeline linking the world's biggest energy producer with the largest energy consumer.

Pang Zhongying, who specializes in international politics at Renmin University of China, said the proposal is not challenging the dollar, but aimed at avoiding the risks the dollar represents.

----

komengfx

wow...interesting ni....ecb(euro central bank) ngn imf mcm cuak nak baiout ireland time maket open sbb takut jadi mcm greece bulan 5 lepas...huhu

amirul_nazri

wow...interesting ni....ecb(euro central bank) ngn imf mcm cuak nak baiout ireland time maket open s ...
komengfx Post at 28-11-2010 17:58

1/3 atau 2/3 total fund dalam IMF is dari US..and all these are taxpayers money...kalau default..dgn US skali bakal lingkup...dan akan merebak ke asia skali

amirul_nazri

The Week Ahead

Initial focus of the week will be on any solid announcement on the rumored EUR 85b bailout from EU/IMF on Sunday, as well as the terms tied to the bailout. Onwards it a week full out higher important economic data.

The question of whether Fed will complete the $600b QE2 and whether there will be QE3 are still in investors' mind even though they're on the back seat in the past two weeks. The job report on Friday, plus other data including ISM indices would continue to trigger adjustments on such expectations.

Also, China will also released manufacturing PMI, which should trigger some volatility in Asian equities and risk sentiments.

Also, ECB meeting will be an important event of the week. Unlike prior meetings, markets' opinions on whether ECB will make another U turn and soften its hawkish stance are quite divided. In addition, there are some speculations that ECB might somewhat hint at delaying stimulus exit, or at least slowing the pace.

* Monday: New Zealand trade balance; Japan retail sales; Canada current account, IPPI/RMPI; UK pre-budget release

* Tuesday: Japan manufacturing PMI, unemployment rate, household spending, industrial production, housing starts; Australia building approvals, current account; German unemployment, Eurozone unemployment rate, CPI; Canada GDP; US house price, consumer confidence

* Wednesday: Australia GDP; German retail sales, Eurozone manufacturing PMI; UK nationwide house price, manufacturing PMI; Swiss SVME PMI; US ADP job report, productivity and unit labor costs, ISM manufacturing, Fed Beige Book

* Thursday: Australia retail sales, trade balance; Swiss GDP, retail sales; UK construction PMI; Eurozone GDP, PPI, ECB rate decision; US jobless claims, pending home sales

* Friday: Swiss CPI; Eurozone services PMI, retail sales; UK services PMI; Canada job data; US non-farm payroll, ISM non-manufacturing, factory orders

komengfx

xlame lg tu....speculation dah emrebak ke portugal n spain......uhuhu

jemoo

Thank you for all the info..

amirul_nazri

At this time of writing, euro investors reacting positively to weekend EU agreement on ireland bailout as deal carries less strict than expected terms.

komengfx

hmm....xde  ape2 menarik euro bailout effect...sedey2...hehe.

xmcm greece bailout dulu.....best main forex 1000pip...haha

lostnfaun

BNM rancang lelong bon


KUALA LUMPUR 13 Dis. - Bank Negara Malaysia (BNM) merancang untuk melelong 21 bon kerajaan pada tahun depan - tiga kali lebih tinggi berbanding tahun ini bagi menyokong projek-projek pembangunan negara.

Bank pusat itu berkata, sebanyak 13 bon berdaulat konvensional dan lapan lagi bagi sukuk akan dilelong pada tahun depan.
Ia juga merancang untuk melaksanakan lapan penempatan swasta konvensional dan sukuk, katanya di laman webnya di sini hari ini.
Pada tahun ini, BNM memperoleh RM60.5 bilion daripada 10 lelongan bon-bon konvensional, enam sukuk dan dua penempatan swasta.

Tempoh Sekuriti Kerajaan Malaysia yang bakal dilelong adalah tiga, lima, tujuh, 10, 15 dan 20 tahun dan bagi penerbitan pelaburan kerajaan berasaskan Syariah pula ialah tiga, lima, tujuh dan 10 tahun.

jemoo

Terima kasih..