September 13 International Financial headlines_Steel News_News

Daily Telegraph: UK July economic activity continued to decline in global economic activity and a general slowdown

American Airlines travel peak in the summer tourist season to effectively control the rate of delay, but due to Hurricane Erin in August, the month massive flight delays, airlines in July, efforts may come to naught. According to data released Monday by the Bureau of the U.S. Department of Transportation traffic data, the 16 largest airlines in the United States in July flight punctuality rate of 77.8%, better than last year's 76.7 percent and 76.9 percent in June. About 38 percent of delayed flights due to bad weather. Hawaiian Airlines reelection to the top of the punctuality rate, followed by Alaska Airlines and Southwest Airlines, the worst performance is Atlantic Southeast Airlines and fast aviation and other areas of regional airlines. But the progress made in July will be offset by the damage Hurricane Irene brought the end of August, the federal data released next month is expected to fell sharply. As the east coast airlines grounded in August last weekend forced hundreds of thousands of passengers were stranded and airlines canceled more than 14,000 flights.

Japan Times, the Bank of Japan to the scale of asset purchases increased by 10 trillion yen

OECD (OECD) data released on Monday, July economic activity in Britain is the sixth consecutive month decline, and the maximum decline since June 2010. OECD announced in July its composite leading indicator (CLI) from the previous month 100.9 to 100.4, this level not seen since Britain entered a recession in 2009, indicating that the country's economy is still "down" in. OECD composite leading indicators be closely watched, because it is considered to be a turning point in the six month forecast the economy in advance. The indicators seem to confirm a recent OECD gloomy about the prospects for UK economic growth forecast: Britain in the second half of this year's economic growth will almost to a standstill state, the average quarterly growth will be less than 0.1%. OECD composite leading indicators for four consecutive months and declined across the board. Canada, France, Germany, Italy, Japan, the United Kingdom and the United States of Seven major industrialized countries (G7) composite leading indicators in July, down from 102.5 in June to 102. The OECD said, which marks the "global economic activity and a general slowdown.

for the richest people in the United States, the low interest rate capital gains tax is better than Christmas gift. The Clinton administration and the Bush administration twice lowered the capital gains tax rate, the richest Americans pay a lower rate than the middle class, which is the United States rapidly widening gap between rich and poor one of the reasons. Some U.S. congressmen said that the capital gains tax rate, including the proceeds of the sale of stocks, bonds and real estate profits, it should be how to reduce the budget deficit negotiations. Low-tax advocates say it to stimulate the U.S. economy, making investments to increase. But some tax experts said, there is no clear evidence to prove it, but it is certain that the capital gains tax rate is favorable to the super-rich.

Minutes of the

the Bank of Japan announced the August 4 meeting, the central bank's Monetary Policy Committee decided to put the asset purchase plan to raise 10 trillion yen, the move fully demonstrates that the Bank of Japan will be the implementation of monetary easing. Minutes of the meeting, many members agreed to ease monetary policy by raising the scale of asset purchases, After discussion, the final decision to purchase the scale of the total assets of 40 trillion yen to 50 trillion yen. Bank of Japan aims to buy assets including government bonds and corporate bonds to ease the credit crunch, the scale of asset purchases has increased in October last year, and today, March. The meeting minutes show that central bank policy committee members said the U.S. economic slowdown, the European debt crisis spread, resulting in Japan's economic outlook highly uncertain.

major UK banks implemented until 2019 aimed at radical reform to repeat the mistakes of the 2008 credit crisis, the implementation time before the expected time delayed. Former chief economist of the Bank of England Sir John Vic Falls (Sir John Vickers,) led the British independent members of the banking sector (ICB) on Monday released a report, to 2019, the Bank of England should be in retail banking and high-risk set up between the investment banking "fence (the ringfence)", in order to reduce the risk of taxpayer implementation assistance in the future. This attracted wide attention, the report acknowledges that its proposed program would bring to the banking sector 40 to 70 million pounds of cost, but full separation of retail banking and investment banking with Commerce Minister Cable (Vince Cable) program compared to the more practical, cost is also cheaper. Independent Committee of the British banking industry also recognizes that compromise the composition of this reform program, but its impact will be profound.

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Times of India "India's industrial output grew 3.3% in July

India's Central Bureau of Statistics announced on September 12, statistics show that India's July industrial output grew 3.3 percent, below market expectations of 6.2 percent growth rate hit a more than two years to its lowest level. India's Central Bureau of Statistics released a report that India's industrial output in June, as amended, remain unchanged, an increase of 8.8%. India's manufacturing output accounted for 76% of industrial output, manufacturing output in July at an annual rate increase of 2.3%. April 2001 to July, India's industrial output grew 5.8 percent, until March this year world pie network information , India's 2010-2011 fiscal year industrial production rose 7.8 percent, lower than the 10.5 percent increase in same period last year. The data show that India's August inflation rate index wholesale price index (WPI) rose 9.64 percent, 9.22 percent in July. Analysts believe that the slowdown in economic indicators and the inflation rate to rise so that India's economic outlook remains unclear.

"Financial Times": the UK banking sector reform report

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"The Guardian": the United Kingdom until 2019 before the implementation of the banking reform program

According to Vickers Sir banking sector led by the Independent Commission on Monday released the final report, the Bank of England will be forced to make a comprehensive reform. The core content of the report is, To the bank's retail business and a higher risk of the investment banking division, once the financial crisis from happening again, the Government only to rescue the retail business, insolvent investment bank sector will face closure. In addition, the report also enhance banks' capital reserves to 10%. View of the fact that England has not yet out of the economic recession, the banking industry of the Independent Commission report recommended that to complete the segmentation process, the bank can choose to retain certain non-core businesses, the cost of reform is expected up to about 7 billion pounds in 2019.

In response to the economic downturn, the Detroit auto manufacturers began to implement two-tier wage system. The latest Chrysler workers now pay about $ 14 per hour, while the wages of older employees in the same shift them twice. With the recession and increase employment once again become a problem faced by Washington, Detroit began a two-tier wage system, help greatly to increase the nation's most important manufacturing employment. For many workers, they welcomed the chance of stable employment, and wages are relatively low. The car companies have to reflect the two-tier wage system with great results. Despite the existence of wage differentials, but the quality of the production vehicles of the same frequency of workers is not much different. In general, the implementation of the cost savings of two-tier wage system for the production of low-cost, miniature car Chevrolet Sonic play a very important role.

"USA Today: U.S World Steel Pipe News . Airways July quasi-point rate increase