Barack Obama on Tuesday named a Republican and a Democrat as a Fed governor, and to seek to break a political deadlock in order to prevent its future senior economic officials nominated for the defeat. Democrats JeremyStein serving in the Ministry of Finance, the Republican JeromePowell was once a financial institution executives. Both proficient on the financial one is academic, the other from the financial sector. Balance of Republicans and Democrats, Obama may hope that the Republicans will be easier for the approval of their future more appointment. Republicans have rejected 奥巴马多名提 celebrities, including MIT Professor and Nobel PeterDiamond. The White House has repeatedly attacked the Senate Republicans block Obama's nomination on the post of senior economist, and the current president to play a key role in the economic operation of the control will be the general election.
Washington Post: Obama's nomination of candidates from both parties as Fed Governor
The six-year low of Government of India released a report display until December 17, week India's food inflation rate fell to 0.42 percent, mainly because of the vegetables, onions, potatoes and wheat prices fell. India's wholesale price index (WPI) last week to 1.81 percent last year has hit a new high of 15.48%. Statistics show that as of December 17, when the weekly onion prices fell by 59.04%, potato prices fell by 33.76 percent and vegetable prices fell 36.02%. Economists believe that the decline in food inflation rate to ease the inflationary pressures faced by the Indian government and the Reserve Bank of India, India's central bank will be held in January 2012 monetary policy meeting. But when the weeks food prices have risen, milk prices rose 11.30 percent, eggs, meat and fish prices rose 11 World steel pipe network editing .56 percent and fruit prices rose 8.46 percent, oats prices rose 2.15 percent.
Italian Treasury auction on Thursday with mixed results, bond yields declined World pipe network reported that the world's steel pipe network to provide the world's steel pipe network editor , but the auction amount is less than expected. The auction Italy sold 2.5 billion euros of 10-year bonds, the average yield of 6.979%, very close to 7% this is not a sustainable level. This part of the Treasury Bond larger than the auction size, the subscription rate of 1.357%. Italy also sold 1.17 billion euros a 9-year bonds, the average yield of 6.7%; 2.5 billion three-year government bonds, the average yield of 5.62%; as well as other types of bonds, they are smaller. At first glance, before the auction results better than expected: 3 years and 10-year bond yields are lower than last month hit the highest point in history. However, Italy The auction only sold 7.017 billion euros of bonds, does not meet the goal of 8.5 billion euros previously scheduled. This is worrisome because the country in 2012 need to auction treasury bonds of 440 billion euros, while its debt nearly 7 percent rate of return is still not sustainable in the long run.
In the latest report released Thursday, the U.S. Department of Labor, the United States for the first time jobless claims last week to rebound after the decline of the three consecutive weeks, but the four-week moving average of the statistics continue to decline. The report noted that the seasonally adjusted, as of December 24 the previous week when the week, the United States for the first time jobless claims increased by 15,000 to 381,000, reversing the lowest level since April 2008 the previous week, a record. Volatility around the smaller the number of initial jobless claims moving average continued to decline to 375,000, the lowest level since June 2008. Analysts pointed out that the rally has confirmed the data in the holiday season with a strong seasonal characteristics, and also shows that the job market recovery is still repeated. Before the financial crisis, the U.S. weekly initial application for unemployment benefits between 280000-350000, March 2009 peak of 659,000.
The Italian government on Thursday to the second round of government bonds sold at a lower rate, but Prime Minister Monti warned his government the need for more efforts to restore growth and investor confidence in the economy of the country. In Thursday's auction, the 10-year bonds yield 6.98%, 7.56% below the euro area recorded record sales in late November. Thursday sold a total of 7 billion euros of bonds, lower than the previous target of 8.5 billion euros. Italy on Wednesday auctioned off the national debt of 9 billion euros in the six month period, bidder interest rates plummeted, substantially lower than the 6.5 percent in November. Thursday's sales seem to reflect a more intense signal of the mood of the market for more long-term prospects of the Italian economy. But the 10-year bond yields remain high, which shows that Italy is still faced with many challenges. Monty in a press conference to be recognized. He said: "We certainly do not think the market will mess this end. We also need more efforts.
Japan Times: Olympus plans to external 50% of the directors
"Daily Telegraph": Eurozone M3 money supply growth rate declined in November
"The Guardian": Italian Treasury auction on Thursday the results were mixed
"USA Today": the United States last week for the first time jobless claims last week picked up
"Financial Times": Monty claims to have the Italian economic collapse back to the edge
Insiders revealed that the Olympus company plans to increase the number of outside directors, will reach half of the members of the Board. Olympus former chairman, president Kikugawa just the actual control of the board of directors, a move aimed at by the scandal of outside directors to improve the company's operating and regulatory system, and enhancing oversight functions of the board of directors, to prevent the concealing huge losses from happening again. Olympus Board of Directors of the Company currently has 11 directors, including three external directors, the company plans to increase the number of external directors to 5-6, the new directors and Olivier Bath, proficient in business management Hop compliance issues, the candidates include lawyers and financial industry executives. According to the insider said, the current three external directors will be dismissed. Olivier Bath corporate scandals of third-party investigation committee said the company since the 1990s, using various means to conceal investment losses of 117.7 billion yen.
The New York Times: Italy sold € 7 billion debt
European Central Bank data released on Thursday, November Eurozone M3 money supply growth rate from 2.6 percent in October slowed to 2%, showing the euro zone economy as a whole certainly a recession in the coming months. International Monetary Institute think Tim Condon (TimCongdon,), these data show that the euro area facing a bleak 2012, the region's inflation rate will decline rapidly, there is an urgent need to increase in the banking system loans and money supply. Loans year-on-year in November the euro area households and businesses is still an increase of 1 percent decline, but the chain, a few months before flat.
The Times of India: India's food inflation rate fell
Mario Monti, Thursday publicity, Italy has to save from the edge of a cliff back, He also called on the EU to take consistent measures to increase the size of the relief fund. Italian Prime Minister use the traditional year-end press conference, and issued propaganda to his European rivals, and describes himself as a German of the Italian economist, and adhere to Italy current fundamentals unable to support the current high lending . Monti said that under normal conditions, the Italian will not need 30 billion euros austerity plan to continue to tighten fiscal, but he did not specify the definition of normal conditions. He said the Government's next focus will be on a series of measures, in particular by the relaxation of economic regulation, restructuring of the competitive service industry and labor market. The first batch of projects will be launched before the EU summit on January 23.