The union of Cyprus will give 1.8 billions EUR to the country

If we find a decision of the division of Cyprus, this will be not only peace for the country, but also will guarantee an incomes from 1.8 billions EUR every year, due to the chance for the business with Turkey and other possitive incomes. This is the conclusion for the examination, sponsored from the Norwegian International Insitute for studying of the peace. A group of scientists from Greece and Turkey Cyprus had counted, that the union of Cyprus will get on every Cyprus family dividend of 5,500 EUR yearly for the first 7 years.
The union of the island hardly will favour the tourism, building, university education, financial and legal services and trading companies. The trading of goods and services with Turkey will have its pick.
"One fair negotiation means growing security for people in Cyprus, larger stability in the region, increasing of the trade and service, making of conditions for the growing of culture and arts, and Cyprus will show as a model for the peace living of one world, built from divisions", told a special deputy of United Nations' Organization for Cyprus, filling that the new begining was extremely important for future disscusions for the destiny of the island.

USA in recesion according to American analyzer.

New working places in USA in February are with negative sign for the second serial month, and so they are making harder the speculations of the market, that the economy is in recesion. The working places in USA had decreased with 63 thousand in the previous month, which is the hardest monthly decreasing from March 2003. We will remeber that their number decreased with 22 thousands in January, and the expectings for today were in increasing direction. The news are a little bit possitive for the decreasing with unemployment of 4.9% with 4.8% in February, which is explaining the fact, that many people had refused to seach for a job.
The weaker market of the employment together with the weak presentation of the real estates, the higher price of the petrol and fuel and high interest levels of mortgages will bring to user's quest. The missing of new working places is the basic index, which FED is watching at the moment and decided even to take a new interest decreasing. After today's datas, futures' market in Chicago is rating to 100% the possibility of interest dcreasing with 0.50% on 18th March.
"All indexes had a red light", commented American analyzer in front of Bloomberg. "We are definitely in recesion already. I don't think that there is someone, who is not understanding this", continued he.
Just minutes before the showing of the report, from the Federal Reserve told, that they will increase this month credit auction to 100 billions USD in previously announced 60 billions USD.

Fortis lost 1.5 billion EUR from the mortgage crisis in USA

Dutch-Belgian financial company Fortis today, announced that its profit in 2007 had decreased with 8.2% when it should lose more than 1.5 billion EUR, because of the crisis in secondary American Mortgages. This result is based on often relations to the investors and hard rating of obligations for owes in the sector of secondary mortgages, told from the company.
In the previous year Fortis had registered 3.9 billions EUR net profit, but 900 millions from this are from the selling of its unit CaiFor to the Spanish Bank Caixa. Without outside incomes , the net profit of the financial company is 3.06 billions EUR, which had a decreasing of 30% in comparison with the result of 2006.
Fortis together with Royal Bank of Scotland and the Spanish Bank Santander soon took the Dutch bank ABN Amro for the recor value of 71 billions EUR. From Fortis announced, that the prices of passage and integration is going with full power.

Warren Buffet in front of Bill Gates according to Forbs Magazine

The founder of Berkshire Hathaway Inc., Warren Buffet took the place of Bill Gates from the top place of yearly rating for world billionairs of Forbs magazine, where the founder of Microsoft was number 1 for the previous 13 years. The fatal 13 year he lost the place.
Because of realized incomesfrom shares, for nearly one year the money of Buffet had increased wfrom 10 billions USD to 62 billions USD. According to Forbs magazine, the capitals of Bill Gates increased with only 2 billions and reched 58 billions USD. So the computer magnate is on the third place after the mexican Carlos Slim and his 60 billions USD.
The number of world billionairs had increased only due to the growing markets. Nearly 70% from all new billionairs are from Russia, India, China and USA.

Wolfgang Munchau about Great Britain crisis in real estates sector

Swedish economist Axel Leijonhufvud, working in American univercity UCLA, often loves to tlk about the practise of central banks to keep to the Inflation targeting. "This policy is wirking better on practise, than on theory", told he. The comentor of Financial Times - Wolfgang Munchau would tell them samo for British economy. If we have in mind the low producity of employees in Great Britain, and also the weak engineering achievements, the country should not develope so good in the last 15 years. From economic point of view, the prosperity of the country is looking impossible.
According to Munchau in the next some years, the British economy wonder will be in front of many problems. The balloon in the property sphere will bfrake somewhen and the citizens will be in front of harder crisis the the USA's now. A serious percent of Gross Domestic Product of Great Britain is forming from financial sector.

ISM service index going up in February

The ISM index for activity in the sphere of services in USA in February is 49.3 points, and in January it was 44.6 points. The activity in the sector had growns after unexpected hard narrowing in the begining of the year. When the index is 50, it is on the border between expansion and narrowing of the sector, in which there are many datas showing increasing.
In spite of the general index shows a narrowing, the index of the business activity had grown to 50.8 points, which shows expansion in comparison with 41.9 points in January. The January narrowing of the leadingindex is the first from March 2003. According to the report of ISM institute, the financial sector is going to repair from its stability after the crisis made by the Tuesday's mortgage market. The report also shows, that the inflation pressure is getting weak in the sector of the employment, where the index of shares is decreasing with 67.9 points from the level of January 70.7 points.

Asian Indexes finally raising again

Asian capital markets had grown for the first time from 6 days, reflected by strong presentation of mining companies and Japanese producers of electronic. The record prices of commodities and cheaper JEN, restricted the affraids of investors, that weak economy development will hurt the profits of companies. Japanese company Mitsubishi raised hardly on the stock exchange in Tokio, and the mining company BHP Billiton got more expensive on the Australian capital market because of the higher prices of petrol, gold and copper. The export oriented company Nintendo turned back the confidence in shares, after the cheaper JEN and increasing of expectings for better percent of profits.
"The shares were hardly underrated in the last week, so it was normal to see turning back of the investors' confidence to the market", commented Japanese analyzers in Bloomberg. "The prices of goods will continue to be a little bit more expensive, which will support some Asian companies", continued he.
The regional index MSCI added 1.6% and finished with value of 13.60 points. In the last week, the index lost 5.5%, which is making the whole lose from the begining of the year of about 10%. The Japanese index NIkkei growed with 1.9% tonight to 13 215.42 points, after the decreasing of the pric of JEN toward the USD.All other Asian indexes finishedon green with exception of New Zeland.