Russia's economic contraction of 7.9%
Economy October 19th, 2009
Russia has decreased its economic growth (gross domestic product / GDP) up 7.9 percent in 2009. Russia’s economic contraction was the worst since the last 15 years, ie since the crisis, the collapse of the Soviet Union.
As reported by the AFP, Wednesday (3/2/2010), the nation’s economy before 2008 is an increase of 5.6 percent. However, the global economic crisis that happened makes it all turn around. This happens because of rising energy prices.
However, in the middle of Russia’s economic prospects for 2010, the figure is slightly better than expected by the government, which had predicted a worse contraction of 8.5 percent.
Some economists said Russia deserved it. Given the failure of reform and economic diversification while still independent guncanagan vulnerable to oil prices.
As known, the economic crisis is very severe impact on the industrial sector. In fact, the largest car manufacturer in Russia Avtovaz badly affected, that finally prompted fears of social kerususan in one of the city.
Construction sector also received a severe shock, which had contracted to 16.4 percent. While the manufacturing sector melamah 13.9 percent. In addition, hotel and restaurant sector as well as much as 15.4 percent menysusut.
Coupon Bonds SMS Finance 11,1-13,75%
Finance October 15th, 2009
Coupon Bonds PT Sinar Mitra worth it (SMS) 2009 in Finance I have fixed interest rates ranging from 11,1-13,75 percent.
This was revealed by Deputy Director Sugianto Redjeki in due diligence meetings and public expose, the Shangri-La Hotel, Jakarta, Thursday (10/12/2009).
Bonds worth Rp200 billion will be divided into three series with a period of 370 each day, two years, and three years. Where to Series A 370-day term kuponnya is 11,1-12,1 percent.
As for series B-term is two years 12,5-13,5 per cent, and the series C is a three-year kuponnya of 12,75-13,75 percent. These bond funds will be used entirely for the credit financing of motor vehicle ownership.
Initial offering period (bookbuilding) will be held from 10-17 December 2009. The statement is expected to obtain effective on December 22, 2009. Plans offering period was held on December 26, 2009 to January 5, 2010.
Allotment date is scheduled on January 6, 2010, the date of distribution on January 8, 2010, and listing in Indonesia Stock Exchange (BEI) on January 11, 2010.
For information, these bonds have ratings of BBB + Fitch Ratings Indonesia PT. Acting as the underwriter is PT Andalan Artha Advisindo Securities and PT Pacific Capital.
Sun Microsystems Storage Portfolio Performance Increase
Portfolio October 13th, 2009
Sun Microsystems enhance the main technology and rapid customer adoption of integrated storage portfolio that exceed the performance and data protection capabilities Sun Storage 7000.
In a complex IT situation at the moment, companies are forced to store and manage the increasing amount of data with a limited budget. Sun Storage 7000 was launched in 2008 to help deliver greater performance and reduced complexity in helping businesses meet the challenges of this evolving.
Since then Sun has released more than 35 petabytes of storage integrated portfolio and increase the number of customers quarter after quarter of a variety of industries including education, financial services, government, health care, media and entertainment, manufacturing and others who need faster access to data and the migration path easier.
“Integrated Storage has become one of the growing market share rapidly in the open-storage industry, because customers like to find the performance, simplicity and scalability in the price of traditional storage products,” said Graham Lovell, senior director, Open Storage, Sun Microsystems
“Today, Sun improve its performance in the industry with performance and extra durability for the fastest integrated storage system in the industry. Customers can realize an increase of 30 percent in terms of performance and, in many cases, provide faster access to data, better data management simple and the migration of data more easily, even in complex environments, “said Lovell.
Increased portfolio Sun includes increased application performance over iSCSI SAN support a better and improved performance for Oracle databases. In addition, customers get the performance of higher network bandwidth four times greater (40Gb/detik) and the risk of lower network through InfiiniBand (IB). Addition of new CPUs provide additional performance by 30 percent to 24 cores and increasing system bandwidth, and cache DRAM doubled, up to 512GB, the highest in the industry.
With the addition of Triple-Parity RAID, Sun was the first major storage vendor to offer powerful data protection issues from as many as three drives, thus reducing the risk of losing data when using disk drives with capacities greater longer rebuild time. Sun also became the largest NAS storage vendor only offering Triple Mirroring, which provides additional protection against disk problems and significantly improve recovery scenarios and support issues.
Sun also makes Sun Storage 7000 easier to maintain and use, the Shadow features a new Data Migration allows customers to easily move data from NAS devices at no additional cost competitors and the management of iSCSI and feature improvements that allow the provision of storage and server systems are more efficient . In addition, storage administrators can manage Sun Storage systems and storage of their 7000 Windows using the Microsoft Management Console, improving their management experience using this interface
U.S. Dollar Currency Still Strongest in the World
Forex October 10th, 2009
Japanese Finance Minister Hirohisa Fujii said, the United States dollar (U.S.) is still the strongest currency in the world. Naturally, if the Tokyo maintain a large stock of foreign reserves in U.S. dollars.
“Clearly, the U.S. dollar is still the strongest currency in the world,” Fujii said at a press conference yesterday. “This is what causes nations to maintain foreign reserves in a strong currency. It also contributes to further strengthen the U.S. dollar,” he added.
Currently, Japan is the second largest country after China in the possession of foreign exchange reserves in dollars AS.Tokyo not give details on the amount of foreign exchange reserves in dollars AS.Tapi, most believe Japan’s foreign reserves rose as a result of the strengthening yen intervention in the past.
Japan is believed to sell the yen as an effort to muffle the strengthening yen. Fujii said, Japan should not try, artificially, to weaken their currency to boost export competitiveness mereka.Namun, he also emphasized that Japan does not support the excessive strengthening of the yen.
In London, the euro exchange rate against the U.S. dollar rose to the highest position during the last 14 months. Euro traded at the price of USD1, 5035 or rose from the position on Friday (23/10) at $ 1, 5007. Forex traders argue, pushed the euro to strengthen China-step increase ownership of the European currency.
While in Asia, the euro on Monday (26/10/2009) traded in the $ 1 level, 5064, or through the highest level on 11 August 2008.Nilai dollar against the yen on Monday, weakened to 91.76 yen from the day position 92.07 yen Friday. “Related financial news Central Bank of China (PBOC) is obtained from the research report said China will increase ownership euro and yen,” said analyst Brian Dolan Forex.com.
“As a result, the euro exchange rate against the U.S. dollar rose to the highest position in the last 14 months.” China has increased investment for his own foreign exchange reserves worth $ 2, to 27 billion U.S. government bonds. Beijing is also trying to diversify its investments into other currencies to increase yields during the global financial crisis.
Mexican Peso Extends Rally on U.S.
Forex October 6th, 2009
The Mexican peso is benefiting from the U.S. economic outlook for 2010, as Mexico has the U.S. as the main destination for its exports, both raw and manufactured, and an accelerated growth of its neighbor is helping Mexico’s currency to gain in foreign-exchange markets.
The peso continued to profit today from a better confidence towards its main trading partner, the U.S., as well as for increased crude oil rates, since the Latin American nation is one of the main oil suppliers for the U.S. together with Canada, helping the peso and the loonie to trade high in the beginning of 2010.
USD/MXN traded at 12.8190 as of 20:13 GMT from an opening rate of 12.8750.
