Improved U.S. Manufacturing
Economy December 28th, 2009
United States manufacturing sector (U.S.) in December jumped to the highest level in four years. The data show that manufacturing expanded for five consecutive months.
Institute for Supply Management’s factory index mentioning the U.S. in December rose to 55.9 points compared to November which recorded 53.6 points. These data add to the public belief that the U.S. economy in 2010 will improve. “This (development of performance) that we need in 2010. The data show the recovery will form a V pattern,” said President Alan B Lancz & Associates Alan Lancz in Toledo, Ohio, USA.
U.S. factory index data in December was the highest since April 2006, when the index was in position 56 points. Index above 50 indicates expansion. As is known, the U.S. economy collapsed in late 2007 and entered the worst recession since the Great Depression of the 1930s. Read the rest of this entry »
Natural GMAC Up $ 5 Billion Loss
Company Info December 23rd, 2009
GMAC Financial Services recorded a net loss of $ 5 billion for the period of financial performance in the fourth quarter, where previously been predicted.
The numbers are most relevant for alleged failure to pay or credit macernya car and house payments from financial companies selling risky mortgage assets.
As quoted by Reuters on Wednesday (6/1/2010), one of the largest car loan makers in the United States (U.S.) has just got an injection of fresh funds by $ 3, 8 billion from the U.S. government.
The latest cash digelontorkan as a series berstatuskan bailout loan. Where GMAC itself has struggled to recover from the housing crisis in default. Read the rest of this entry »
Reach BUMI Credit Loans Jt 55 Pounds Sterling
Credit & Loan December 18th, 2009
T Bumi Resources Tbk (BUMI) has conducted the signing of loan agreements in the framework of the new loans received by the company some 55 million pounds and 63 million Canadian dollars.
In addition, the above transactions are not included in the category of material transactions as referred to in regulation annex IX.E.2 number Bapepam chairman decision dated Keputusan-02/PM/2001 No. 2001 of 20 Fabruari material transactions, and changes in the main business activities.
The transaction is not included in the transaction katergori having a conflict of interest in accordance with the rules IX.E.1 No. attachment decision of Bapepam chairman Kep-32/PM/2000 No. 22 August 2000.
At the close of the first session JCI, the issuer code BUMI successfully gained Rp30, or up 3.61 percent to Rp860 per share positions.
U.S. Economic Data Dow Jones going weak
Stock Report, Uncategorized December 15th, 2009
The Dow Jones closed down 11 points, in trading Tuesday (5/1/2010), as investor fears of economic data released in the United States (U.S.).
Observed, the three major indices in Wall Street mixed in late trading, a day after the Dow Jones managed to record surge of more than 150 points triggered by the U.S. manufacturing data and China.
As quoted by Reuters on Wednesday (6/1/2010) sentiment brought the Dow Jones index fell 11.94 points, or 0.1 percent to the equivalent 10,572.02. Meanwhile, the S & P 500 had gained 3.53 points, equivalent to 0.3 per cent to 1136.52, and the Nasdaq index rose 0.29 points, or 0.1 per cent equivalent to 2308.71. Read the rest of this entry »
Finance Bukopin Ready to Find Prey
Finance December 14th, 2009
PT Bank Bukopin Tbk (BBKP) finally have their own financing companies, namely PT Bukopin Finance. Expansion is believed to strengthen Bukopin position.
As previously Bukopin Finance has named PT IndoTrans Buana Multi Finance, where the company is a company affiliated with Bukopin.
Riyanto said the name change in accordance with the articles of association with no.1 Deed dated June 9, 2008. In addition, changes in the basic budget has been approved by the Minister of Justice and Human Rights Republic of Indonesia.
