The Times of India: India's economy soon will soon return to high growth track
Standard & Poor's Case-Shiller index released Thursday shows that the nationwide tracking 20 cities, 19 cities, housing prices fell following the September and October also declined, indicating that the recovery of the U.S. real estate is still faltering World Pipe network informed, now had to put the economy can make a difference in 2012. The falling house prices is to buy after the peak of a typical performance from April to August this year, at least half of the prices seen steady growth in the tracking of the city. However, according to the index, since the real estate bubble five years ago, so far prices have dropped 32 percent, now back to 2003 levels. Even lower prices in some hard hit areas such as Atlanta, Cleveland, Detroit, Phoenix and Las Vegas. The smallest decline of housing prices in Washington, New York, Los Angeles and San Diego. Despite the real estate market in the moderate growth, but prices are still in the doldrums.
The New York Times: U.S. home prices, the second consecutive month fell
Standard & Poor's on Tuesday announced that prices of most major metropolitan areas in October consecutive month, the chain fell, the U.S. real estate market is still difficult to achieve recovery. The report shows that housing prices in 20 U.S. major cities in October without the ring of the seasonally adjusted decline of 1.2% over the past 12 months, the big city prices fell 3.4%. 20 major cities World pipe network reported that the world's steel pipe network to provide the world's steel pipe network editor , 19 October, prices lower than the peak of prices in 2006, the big cities prices fell sharply to 32.1 percent in October. In addition, Atlanta and Las Vegas housing prices has fallen to its lowest level since the housing crisis, Phoenix, house prices fell for three consecutive months. Many analysts expected the weak U.S. housing market will face further decline, because the supply is insufficient demand and high unemployment.
Financial Times: European Central Bank, the scale of innovation
According to a latest survey released Tuesday by the German Federation of Industry and Commerce Council (DIHK), the German manufacturing companies expressed optimism for the coming year. The survey showed that German manufacturing enterprises in more than 80 percent said they think that in 2012 the business will remain stable or increased; the same time, the German manufacturing industry in 2012 will add 60,000 jobs. The DIHK conducted a survey of hundreds of companies in Germany, found that the size of its workforce of 500 enterprises, 22% of expected 2012 business to achieve growth, while 61 percent expected to remain stable. Only 16 percent expect business will decline. In larger enterprises, 20 percent of the expected business growth, 65 percent expected business was flat, 15 percent of the expected decline in business. However, due to a slowdown in world economic growth in overseas demand decline may be dealt a blow to Germany to major manufacturing. German Economics Minister had insisted that despite the global economic situation next year will become more severe, the impact of the euro zone debt crisis will continue, but the German economy will maintain strong growth.
Indian Finance Minister PranabMukherjee Tuesday said India's economy will soon return to high growth path, the current decline is temporary. The decline of Europe and the United States a serious blow to India's economy, resulting in a sustained high rate of inflation and high interest rates. The industrial growth has slowed, when the fiscal year as a whole GDP growth is expected in about 7.5%, lower than previously estimated 9%. Minister of Finance is the fourth time this year on the Advisory Committee, has notified the ministries to adhere to the expenditure ceiling, the Treasury will pay close attention to the various departments to save money with the waste of the situation of the struggle. The government has said that due to the current economic slowdown and a new commitment to spending and subsidies, and now difficult to complete the set target of deficit as a percentage GDP4.6%. Advisory Committee members said that there must be a trust and a strong fiscal consolidation path.
Save the European banking market is full of worry last night, a record 411 billion euros to the European Central Bank (ECB), European financial institutions on the interbank lending is becoming more and more vigilant. In the last week, the ECB has just three years of long-term refinancing operations (LTRO) 523 to the euro-zone banks low-interest loans of about € 489 billion, hoping to maintain the flow of credit in the economy to avoid a full credit crunch. These banks are borrowing from the European Central Bank interest rate of 1%, but stored in the ECB's overnight rate is only 0.25%, well below the gains of the banks in the wholesale market can. This means that the bank in order to ensure the safety of funds is at the loss of all the borrowed cash deposit back to the ECB. These banks in order to reduce the scale of risk assets in the account at the end of the year, also are looking for a safe haven, this phenomenon also occurred at the end of 2008.
Guardian: Germany's manufacturing industry is optimistic about 2012
Intelligence-gathering satellite was successfully launched on December 12, Japan has become the world's leading suppliers of rocket launchers. However, by virtue of 19 successful and failed results, the Japanese H-IIA rocket in the commercial rocket launch market may not be able to obtain a considerable area, especially in the participation of European and Russian competitors. Japanese government and Mitsubishi Heavy Industries, the success of radiation in the H-IIA as a breakthrough in the Japanese to be among the satellite launch market. In addition to European competitors, the competition of emerging countries, China and India also can not be overlooked, Mitsubishi Heavy rocket in the domestic and the Government of Japan since the coming period will also launch orders. Generally the rocket in the business world mature, must go through 20 was successfully launched. Mitsubishi Heavy rocket launchers Division in charge of the light Ichiro said: "We want to win the agreement to cover the cost of launching and operating satellites and training of aviation personnel.
Euro area banks in the ECB's deposit size, a record high, a few days ago the European Central Bank to ease the tensions in the financial system, just to provide the liquidity of an unprecedented scale. Christmas holiday period, the banks in the European Central Bank deposit instruments a total storage of almost 412 billion euros (539 billion U.S. dollars). This tool provides lower interest rates, banks in normal times is generally used to store the excess funds is often a loss. Use the tools of the European Central Bank overnight deposits in various banks to the size of the record before the 3-year liquidity plan in accordance with a new introduction of the more than 520 banks last week to the European Central Bank loaned 489 billion euros. The analyst said that this seems to indicate that most of the funds provided by the European Central Bank has not yet been bank and put into use. But they cautioned that, due to less traffic during the holidays, this lending is still too early to assert that the European Central Bank. This is the single largest ever in the ECB liquidity operations.
the following December 28 of the world's major financial headlines of the media
USA Today: Consumer confidence strengthened pulled oil prices to more than 101 U.S. dollars
Daily Telegraph: European banks to a record 411 billion euros to the European Central Bank
Washington Post: U.S. cities in October prices still down
U.S. consumer confidence as well as continued tensions in the Middle East, crude oil prices rose to more than 101 U.S. dollars. New York crude oil prices rose $ 1.66 Tuesday to close at $ 101.34. In London, Brent crude oil prices rose $ 1.31, to close at $ 109.27. In the past few weeks, due to U.S. economic news was encouraging, pointing to strong demand, crude oil prices to keep rising. The U.S. Conference Board consumer confidence index by nearly 10 points to 64.5 from November, reaching the level in April, close to the peak of the economic crisis. Consumer confidence to improve is also consistent with the recent holiday shopping season, retail sales report. Consumer spending accounts for about 70 percent of the U.S. economy, so that more spending will boost growth and demand for oil. On the other hand, the tension in the Middle East also contributed to rising oil prices. Iranian First Vice President warned that the country's oil exports by the international sanctions would prohibit oil transport ships through the Strait of Hormuz.
The Japan Times: Japan's commercial satellite launch industry is facing competition