The Will of Putin

The shadow of inflation continue more to tighten the Russian Economy, and on the next president's election, the problem will go to the next ppresident of Russia - Dmitrii Medvedev, commented Maria Levitova from the Moskow office of Bloomberg.
The Russian economy prosperity continue more than nice years, which brought increasing six times of the incomes and made currency reserve of 500 billions USD. Thos too fast results are in the basic of uncontroled inflation in the country, which passed the pawn from the government border in every one of the 8 years rule of Putin. Only 2003 is making an exception.
42 years Dmitrii Medvedev is expecting to win the elections for a president of Russia, which should be on 2nd March. When he officialy go in the Kremlin, young president will be in front of the serious challenge to solve the problem with the inflation. if he failed with this problem, this may cause to decreasing of the consumer's demand, largest expensev for the companies and decreasin of the economy development.

E.ON will sell part of its net

From the European Commitee announced earlier today, that German company E.ON is ready to sell high-voltage electritional transmiting nets to operator, who had a big interest in enrgy business.This is something like an answer to some affraids of antimonopol regulational comitees in Germany and Brussels.
From E.ON had announced that they want to distribute the productional capasity of 4800 MW power, to concurent companies. The European commitee will give official documents of the German Company, which will certify the agreement for selling.
"If the transaction is made in previously pawn plans, this may bring for improving of the competition in energy sector in Germany", wrote in official appeal the European Commitee.
From Brussels announced, that they will continue to look at growing monopoly stuation in the energy sector in Europe.

No change in economy raising of USA at the end of 2007

The economy growing of USA for the 4th quarter of 2007, is not reserved on yearly base from the level of 0.6%. The main reason for its delay is the crisis in the sector of real estates and hard decreasing in the stock reserves. The growing of Gross DomesticProduct is weaker in the the previouly expected of 0.7% on yearly base. For the whole 2007, Gross Domestic Product of USA is not reserved on 2.2%, which is worst presentation from 2002. The economy analyzers are predicitng almost sure recesion of USA this year.
The import in the 4th quarter of 2007 decreased, and the decreasment is about 10.1 billions USD in first datas about decreasing of only 3.4 billions USD. The investments in real estate sector decresed with 25.2% per year, which is the hardest decreasment from 1981.
The problem with property market, which brought the world credit crisis in the end of 2007, made FED to decrease the interests with 2.25% from the begining of September to the end of previous month. The director of Federal Reserve - Bernanke, told that the risks in front of the American economy are still strong, while the inflation had decreased with 4.3% on yearly base in January.

The petrol with new highest price

The price of the petrol increased again to reach the new op level of more than 101 US Dollars per barel on Wednesday, because of the strongest datas for American inflation, which devaluated the US Dollars and it gone under 1.50 USD per 1 EUR.
The American light petrolgrowed with 66 cents to 101.54 USD per barel, and earlier even touched the top of 101.70 USD. In spite of this the crude oil is still under the top level ever of 102.53 USD, made is 1980. London's brent petrol growed with 67 cents to the price of 100.14 USD per barel, and earlier got the top price of 100.30 USD.
The biggest request of fuels for heatirg is USA and Europe, and the clearer signals that OPEC will not increase the daily productional rates in the meeting next Wednesday, continue to keep unreal high price of the petrol.

Russian economy raising

The period of economy raising is to its end, when the hole world is in front of hard reality of weak growing and high inflation. In USA and Europe, the recesion is making a hard problems, after the burned mortgage crisis and distressed financial sector.
Developing markets, still have high economy raising, and the only affraid is the world inflation. During the previous year, Russia signed increasment of Gross Domestic Product with 8.1%, and in the first months of 2008 the level is the same., in spite of comming recesion in USA. And everything sounds good. But what to tell about Russian inflation, which for the year of 2007 was 7.4% and for January 2008 is the extreme 12.6%.
The higher inflation level is not so bad in developing economies, which quickly should reach the level of richer countries. Calculated in US Dollars of its current value, real growing of Russian Economy had been 27% yearly in the period of 2000-2007, in spite of its net growing of 7% yearly. The difference from 20 points is because of adding of inflational meaning to the nominal raising of the economy.
The inflational level in Russia is because mostly of the huge currency excesses, which increased the reserve of the country of nearly 500 billions US Dollars.

Siemens will close SEN

It is officially: Siement will cancel nearly 3800 working places in its company for phone equipment SEN. The factory is working on loss from some years. More 300 employees will lost their work in the German Concern, because of sellings of sections and cooperations, wrote Die Welt. From direct discharging 3800 working places, nearly 2000 will be in Germany.
To prevent the socially dissatisfaction, which bursted in closing the factory of building mobile phose BenQ, in Siemens claim alone to make the shortening of the employees.

German Business Support Raising

German Business support increased in february, which is giving a strong indication for successful solving the problem with the incresing of petrol price and mortgage crisis, in the largest economy in the Eurozone. The situated in Munchen IFO institute, gave information about the inex of business moods in Germany, which had grown to 104.1 points, from the level of 103.4 in January. The economists expected its decreasing to 102.9 points, and today's datas were assumed as very pleasant surprise.
"The expectings for economy development of the world ate still stable, in spite of the credit crisis in USA", commented analyzer from Deutsche Bank. "We can not deny, that the economy will have delay, but development of economy markets will lighten the preasure over German export and will support domestic product and employment", continued he.
Today's stong datas for economy development of Germany will give confidence of the European Central Bank in the fight wil growing inflation. The expectings for future first interest decreasing in the Eurozone, became unserious. Immediately after reporting of the datas, EUR started quickly to increase toward the USD, reaching the level of 1.4875 USD per 1 EUR. The German exchange index DAX30 is the leader of increasing today with 1.60% growing.
"The world will not feel the whole recesion", commented the director of BASF SE. "We will continue to have economy growing this year, which of course will be a little bit smaller than the previous one, but will be possitive", continued he.

Iron ore from South America with 65% more expensive

Metallurgic combinates of Japane and South Korea agreed for 65% increasing of the price, which they should pay about iron ore, imprted from Brazil, wrote Reuters. This is first serious moving for the years in this sector. The price agreed between two contries will be the level that should be paid from the steel producers. The shares of the companies - producers of steel, like Japanese Nippon Steel an Chinese Baosteel increased after this agreement. This was only because the market reacted good and the expected increasement was even bigger. "One of the negative factors over the shares prices was st free", commented the investors. Shares of Nippon Steel increased with 3.8%, and those of Baosteel with 2.85%. The index of the steel and iron sector in Tokio increased with 4.2%, while the avarage increasment of Nikkei was 0.7%. From the year started on the 1st of April, Nippon Steel and Shouth Korean Posco agreed to pay to the Brasilian mining giant Vale, 78.90$ for ton iron ore.
The shares of Australian companie BHP Billiton andè Rio Tinto decreased in expncting of new higher prices, reflecting trading avantage in deliveries of iron ore for Asia from Australia, in stead of South America. "Australian companies are too busy in the battle for absorption", commented analyzers.

Bernanke is breaking Asia economy

The chief of Federal Reserve - Ben Bernanke, now is the main reason for turning back of asians economies to the centralized state control, commented Bloomberg. Under the rule of Bernanke, the American Central Bank made its stronder interest decreasement from 1990, which restricted the opportunities of Asians economies to act versus inflation. In stead of increasing their own interest level, to decrease the efect of price preassure, Asian governments should freeze the prices of some basic goods.
China now restricted with law the price of meat and eggs, in Indonesia and Filipines, the state will give subsidies for homes and business. This can bring some negatives for the economy.
"Returning the state control, will be a step back for China, who long years is trying to redirect its economy to free market system", commented analyzer from Fitch - Hong Kong. "Price control will not work, because it is not solving the problem, and only make symptoms easier", continued he.
The part that Bernanke took in Asian problem with inflation, is in the fastest decreasing of interest levels, that the banker did. Just for a quarter of year he decreased the interest level from 5.25% to 3.00%. Growing interest diferencial, brings to large income of forein invests to developing markets in Asia, which may be a sign for inflation top and hard economy consequences. In this way the Central Banks of China and India can do nothing, because if they increase the interest level, fighting the iflaion they will take more foreign invests in the country.