Affected by the news of Egyptian President Mubarak's resignation, the new york stock market opened lower and went higher, 1 1. At the close, the three stock indexes rose across the board.
New york's stock market opened slightly lower that day, mainly because investors were worried that the situation in Egypt might deteriorate over the weekend. However, after the news of Egyptian President Mubarak's resignation came out, the major stock indexes quickly turned from falling to rising. Not only that, the Dow Jones index and the Standard & Poor's index hit the highest point in two and a half years, and the Nasdaq index, which is dominated by technology stocks, hit a new high in more than three years. Some analysts pointed out that the news of Mubarak's resignation convinced investors that the risk of further deterioration of the situation in Egypt was greatly reduced. So the stock market rebounded and the international oil price fell.
In terms of economic data, the consumer confidence index released on the same day also played a supporting role in investor sentiment. The consumer confidence index jointly released by Reuters and the University of Michigan rose to 75. 1 in February, slightly higher than market expectations.
However, another report released by the US Department of Commerce on the same day showed that the increase of the US trade deficit last year was the largest in recent years.
In terms of individual stocks, Nokia's share price fell more than 14%. On the same day, the company announced a number of enterprise reform measures, and said it planned to use Microsoft's mobile operating system on its smartphone platform, but the market was obviously worried that Nokia had not proposed the goal of cutting R&D costs.
By the close of the new york stock market, the average price index of Dow Jones 30 industrial stocks rose by 43.97 points over the previous trading day, and closed at 12273.26 points, with an increase of 0.36%. The S&P 500 index rose 7.28 points, or 0.55%, to 1329. 15. The Nasdaq Composite Index rose 18.99 points, or 0.68%, to close at 2809.44 points.
Xinhua News Agency reporter Niu Hairong reports from new york. (End)
(Title) The U.S. government proposes the reform plan of housing mortgage loan market.
The U.S. Treasury Department 1 1 submitted a reform plan for the housing mortgage market to Congress, proposing that the government will gradually weaken its support for the real estate market.
US Treasury Secretary Timothy Geithner said in a speech at the Brookings Institution in Washington on the same day: "This is a fundamental reform plan that will reduce the scale of government-supported enterprises, strengthen consumer protection, and enable those in need to obtain affordable housing."
According to the plan of the Ministry of Finance, the government will gradually reduce its support for the two major mortgage institutions, Freddie Mac and Fannie Mae, and the housing finance market, repair the fundamental defects in the real estate market, and strengthen the prevention of future crises.
In the plan, the Ministry of Finance put forward three reform plans for discussion and decision-making by Congress. The first option is that the government completely withdraws from the housing mortgage market except retaining the Federal Housing Agency. The second option is that only when there is a crisis in the market will the government come forward to provide guarantee for housing mortgage loans. The third option is that the government still plays a role in the mortgage market, but it is no longer implemented through government-backed enterprises such as Fannie Mae and Freddie Mac.
The housing market in the United States exceeds $65,438+00 trillion. At present, more than 90% of mortgage loans are held or guaranteed by the government. Since the full-scale financial crisis broke out in September 2008, the US government has spent about $654.38+050 billion from taxpayers to save Fannie Mae and Freddie Mac.
The real estate market is considered as an important source of the financial crisis. All walks of life in the United States have long called for the reform of government support for mortgage institutions. Analysts believe that due to the far-reaching impact of the mortgage market reform, the reform plan of the Ministry of Finance is only the beginning, and legislation in this field will be a long-term process.
Xinhua News Agency reporter Lin Yu reports from Washington. (End)
(Title) The backlog of commercial housing in South Africa is serious
The South African Builders Association 1 1 issued a statement saying that the existing construction industry will be revolutionized to solve the problem of the backlog of commercial housing currently facing South Africa.
The South African Builders Association pointed out in the statement that the South African construction industry has contributed more than 22% to South Africa's gross national product, with more than 6,543.8+million employees, including 400,000 full-time employees. However, due to the decline of consumption power caused by the global economic recession and the tightening of loan policy by South African banks, South Africa's construction industry, especially the commercial housing market, has entered the lowest point in 10 years. According to the statistics of the South African Builders Association, there are 8,000 idle houses in housing projects in South Africa.
In response to this crisis, the South African Builders Association, together with the South African government and real estate developers, held a construction industry crisis summit in Johannesburg. The meeting finally reached a resolution and formulated a crisis response plan to solve the problem of commodity housing backlog.
Representatives of construction companies attending the meeting promised to reform the current construction industry. Jane Marie Talbot, president of the South African Builders Association, pointed out that the backlog of commercial housing is only the symptom of the problem. The external causes are the decline of consumption power and the tightening of loan policy by banks, while the internal causes are the lack of innovation in the construction industry, outdated design and inefficient housing utilization. If this situation cannot be changed, South Africa's real estate industry will not be able to fundamentally get rid of the predicament.
In addition, the South African Power Company said at the meeting that it will allocate 5.4 billion rand (about 770 million US dollars) to transform the power supply system of existing buildings to improve energy efficiency.
Xinhua News Agency reporters Li Jianmin and Shao Haijun, Kent Walker and Daley Johannesburg reported. (End)
(Title) South African President Zuma looks forward to South Africa's "BRIC" road in his State of the Union address.
In his State of the Union address released on the evening of February 10, South African President Jacob Zuma said that South Africa was very happy to join the BRIC group, an emerging economy.
"BRIC" is the name of China, Russian, Indian and Brazil, the four largest developing countries in the world. The total territorial area of these four countries accounts for 25% of the global land area, the total population accounts for 40% of the world's total population, and the gross domestic product exceeds 15435 trillion US dollars. It is predicted that by 2050, the total economic output of BRIC countries will surpass that of G8 and become the dominant force in the world economy.
At the end of 20 10, China, as the rotating presidency of the BRICS countries, formally invited South Africa to join the BRICS group.
In his State of the Union address, South African President Zuma pointed out that the BRIC countries are the fastest growing and important forces in the world that cannot be ignored. South Africa officially became a member of this group, indicating that South Africa's international status has been further enhanced and it has officially entered the ranks of global powers. South Africa is looking forward to attending the BRIC meeting in China as a member for the first time in April this year.
Xinhua News Agency reporters Li Jianmin and Shao Haijun, Kent Walker and Daley Johannesburg reported. (End)
(Title) EU and IMF experts believe that Greece should intensify its reform.
A visiting expert group of the European Union and the International Monetary Fund (IMF) held a press conference on June 1 1, saying that strengthening structural reform is the key to Greece's stable growth plan and getting rid of the crisis.
According to the expert group, since the deliberation of the EU and IMF expert group in June 5438+065438+ 10 last year, although the Greek government failed to meet the standards in some areas, it has generally made progress in consolidating finance, maintaining financial stability and enhancing economic competitiveness.
Experts from the European Union and IMF expressed full confidence in the Greek economy, believing that as long as the Greek government can speed up the privatization reform of state-owned enterprises, the Greek economy will stabilize at 20 1 1. Eu representative Cervoise Druce said that the Greek government plans to raise 50 billion euros through privatization of state-owned enterprises from 20 1 1 5, and the Greek government can raise at least 1500 million euros from 2012.
Derousset said that the funds obtained by the Greek government through privatization reform will be used to reduce the debt of 300 billion euros.
On the same day, after the European Union and IMF experts released the review report on the Greek economy, the Greek Ministry of Finance issued a statement saying that the Greek economy will stabilize in the second half of 20 1 1 and resume growth in 20 12.
In 2009, Greece's fiscal deficit was as high as 15.4% of its GDP, and it was on the verge of bankruptcy. In order to obtain a loan of 1 1000 billion euros from the EU and the IMF, the Greek government has to implement strict austerity policies and accept regular evaluation and deliberation by expert groups from the EU and the IMF.
Experts from the European Union and the IMF conducted the third review of Greece on 201kloc-0/65438+1from October 27th to February1. According to the plan, the expert group will come to Athens again in May to review and evaluate the economic progress of Greece.
Xinhua News Agency reporter Liang, reporter Marcos reported in Athens. (End)
Title: The largest Argentine state-owned bank will open an office in China.
National Bank, the largest state-owned bank in Argentina, announced on 10 local time that it would open an office in Beijing to promote the bilateral trade between China and Argentina. This will be the first office of the Argentine National Bank in Asia.
Carlos Fablet, president of the National Bank of Argentina, said that the National Bank had been approved by the Central Bank of Argentina to open an office in China. The office of the State Bank in Beijing will open in three to four months, and related businesses are also being actively prepared.
Jia said that this office will help promote bilateral trade between China and Argentina, especially Argentine exports to China. He emphasized that bilateral trade between China and Argentina has developed rapidly in recent years, and China has become Argentina's second largest trading partner.
The National Bank has previously opened offices in the United States, Spain, Panama, Venezuela, Brazil, Bolivia, Paraguay, Chile and Uruguay.
According to a recent report released by the National Bureau of Statistics of Argentina, the bilateral trade volume between China and Argentina reached US$ 654.38+03.858 billion last year, a substantial increase of 57.6% compared with 2009, and returned to the level before the financial crisis.
Xinhua News Agency reporter Feng Song reports from Buenos Aires. (End) (broadcast on February 13 16: 00) Financial News (2)
(Title) A variety of new cars were unveiled at the 20 1 1 Chicago Auto Show.
On February 1 1 day, local time, 20 1 1 Chicago International Auto Show kicked off at McCormick Convention and Exhibition Center on the lakeside of Michigan, Chicago, and many new cars from major automobile manufacturers were unveiled.
After opening to the global media on the 9th, 1 1 auto show welcomed the first customers from all over the world. The auto show covers an area of more than 1 10,000 square feet and is divided into two exhibition halls, north and south. It lasts 10 days and will end on February 20th. The three major American automakers, General Motors, Chrysler and Ford, all released brand-new models at the auto show. Among them, GM brought three star models to the Chicago Auto Show. The most striking thing is the VOLT, an all-electric eco-car that Chevrolet will launch in the second half of this year.
European and Japanese manufacturers have also introduced various new models. Among them, Acura released the 20 12 TL model. Compared with the current models, the new car has been improved in appearance and the visual effect is more fashionable. At the same time, the vehicle also made corresponding adjustments to the power system, improving its fuel economy.
The most attractive part of this year's auto show is that manufacturers provide a test track where consumers can test drive new cars that have not yet been listed. In VOLT's test drive area, red and yellow flowers dotted the runway, as if they were in a holiday resort, which was pleasing to the eye.
At the same time, Volt product experts
This car won the prize at 20 1 1, and the Chevrolet volt is an extended-range electric car. There is no such car on the market now.
If you want to travel across the country, Volt can definitely help you realize this wish. Charging is easy. If the standard 120 volt power supply is connected, it takes 10 hour. If it is a 240 volt power supply, it only takes 4 hours. The biggest advantage is that it only costs 1 USD 50 cents to fill a volt in the United States, which can support a 50-mile trip. It's amazing.
Jeep's test drive track is more challenging, and it is an up-and-down curve like an arch. Toyota also built a test track in the exhibition hall for visitors to test drive Toyota cars on the spot. In addition, Hyundai and Kia Motors booths in Korea attracted a large number of young audiences with their low-cost and high-performance new cars.
Another feature of this year's auto show is to open the door for women. In addition to the "Ladies' Day" which provides preferential prices for women, there are many new cars specially designed for women, such as Ford's Carnival and several colorful mini-cars launched by jeep, which are favored by many women.
Parallel visitor
I want to see Ford, which is my favorite.
Parallel visitor
This exhibition is great. This is our first time to participate, and it feels good.
Parallel visitor
Very attractive. I like several cars.
Parallel visitor
Very good. The display of the booth surprised me, and it took a lot of effort, especially the Jeep one.
Explain that the Chicago Automobile Trade Association is the organization of this auto show. The first Chicago Auto Show was held in Chicago on 190 1 in March, and has been held for 103. Chicago International Auto Show has developed into one of the largest, longest-lasting and most visited auto shows in North America.
Xinhua News Agency reporter Zhang Baoping and reporter Zhao Jing reported in Chicago. (End)
(Title) After the holiday, the agricultural futures market rose as a whole.
Due to the continuous drought in China's main wheat producing areas during the Spring Festival and the recent measures taken by the State Council to increase its support for grain production, the post-holiday futures market rose sharply. After the opening of Dalian Commodity Exchange, Liandou futures rose 138 yuan in three trading days, with an increase of 3.05%. However, for this phenomenon, some analysts advise investors not to chase high.
During the Spring Festival, the drought in the main wheat producing areas in the north has been widely concerned by the market. On the first trading day after the holiday, the daily limit of strong wheat futures appeared, which also led to the overall rise of the agricultural product market. However, Wu Qiujuan, a futures analyst, believes that the drought during the winter of wheat has little impact on the futures market.
In the same period, Wu Qiujuan, futures analyst of Dalian Commodity Exchange.
Judging from the current situation, because winter wheat is still in the wintering period, the impact of drought on yield during this period can be compensated by the later rainfall. Therefore, from this perspective, the market's hype about the drought is somewhat excessive. From the perspective of investment, investors are not advised to chase high. The market has accumulated some risks, so the market has also fallen these two days. Investors are advised not to chase high.
In addition, Wu Qiujuan analyzed that the recent measures introduced by the state to further increase support for grain production will promote the steady rise of agricultural futures prices in the long run, but the impact is still very limited in the short term.
In the same period, Wu Qiujuan, futures analyst of Dalian Commodity Exchange.
This policy still shows the intention of the state to support agricultural production, including raising the purchase price of rice again. It also shows that the country is steadily raising grain prices and improving farmers' enthusiasm for growing grain, which mainly shows the attitude of the country. Then for the short-term (agricultural futures market) market, its impact is relatively limited.
Xinhua News Agency reporter Yu Xinchao and Si Xiaoshuai (internship) report from Dalian, Liaoning. (End)
(Title) Tianjin 20 10 Financial credit grew steadily.
12, the reporter learned from Tianjin Municipal Bureau of Statistics that financial credit in Tianjin grew steadily in 20 10. By the end of 20 10, the balance of local and foreign currency loans of financial institutions (including foreign capital) in Tianjin 13774. 1 1 billion yuan, an increase of 23.5%, an increase of 262.373 billion yuan over the beginning of the year.
According to reports, among the new loans, medium and long-term loans accounted for 73.8%. At the end of the year, the balance of various deposits was 1649925 million yuan, an increase of 18.8%, an increase of 26165438+22 million yuan over the beginning of the year. In addition, domestic and foreign funds poured in rapidly. In 20001year, 592 foreign-invested enterprises were newly approved, with contracted foreign capital of US$ 65.438 billion, an increase of US$ 65.438 billion, and the actual directly utilized foreign capital of US$ 65.438 billion, an increase of 20.4%. By the end of the year, 143 Fortune 500 companies had settled in Tianjin. The actual utilization of domestic capital163.382 billion yuan, an increase of 3654.38+0.5%.
Xinhua News Agency reporters Zhang Xiaohui, Shao Xiangyun and Ma Chen Tianjin reported. (End)
(Title) The proportion of industries with high energy consumption in Jilin Province continues to decrease.
According to the statistics of Jilin Provincial Bureau of Statistics, in 20 10, the industries with high energy consumption in Jilin Province operated at a low speed, the growth rate was nearly 6 percentage points lower than that of the whole province, the development speed continued to slow down, and the added value accounted for the proportion of the whole province's industries continued to decrease.
Statistics show that in 20 10, the six high energy-consuming industries in Jilin Province grew by 14.3%, which was 5.6 percentage points lower than the industrial growth rate of the whole province. The added value reached 80.629 billion yuan, accounting for 265.438 0.5% of the province's industry, which was 65.438 0.7 percentage points lower than the end of 2009, and the industrial structure was further improved.
According to reports, in 20 10, Jilin Province formulated the "Implementation Plan for Eliminating Backward Production Capacity in Jilin Province". Among them, for the steel industry, ironmaking blast furnaces of 400 cubic meters and below and steelmaking converters and electric furnaces of 30 tons and below will be eliminated by the end of 201. In the non-ferrous metal industry, it is planned to phase out 100 kA small prebaked electrolytic cell and backward zinc smelting product production technology and equipment before the end of 201.
Xinhua News Agency reporters Yao and Changchun reported. (End)
Fujian: China Development Bank has contributed 654.38+08 billion yuan to Xiamen's logistics industry.
It shows that China Development Bank and Xiamen Xiangyu Group signed a development financial cooperation agreement in Xiamen on June 5438+0 1, and China Development Bank will provide Xiamen Xiangyu Group and its related subsidiaries with financing totaling 654.38+08 billion yuan, and the two sides will carry out deeper and closer cooperation in the future.
Xiamen Xiangyu Group is a large state-owned enterprise, and it is the development and operation service provider of Xiamen Xiangyu Free Trade Zone, Xiamen Modern Logistics Park and Xiamen Daleng's small commodity trading market with Taiwan. After fifteen years of development, Yu Xiang Group has initially formed three business segments: procurement and supply management and integrated logistics services, land development and real estate, financial services and equity investment. Ranked among the top 500 Chinese enterprises for many years, it is a 5A-level logistics enterprise in China.
He Liming, President of China Federation of Logistics and Purchasing.
I think the signing of this agreement between CDB and Yu Xiang Group is of great significance, not only supporting the project, but more importantly, the financial industry has extended a helping hand when the logistics industry needs funds, which can make our logistics enterprises develop faster and better, thus further supporting the development of the national economy.
Zhang Qingmin, director of the first evaluation bureau of the head office of China Development Bank, said that the logistics industry is an important emerging industry of green economy, and Xiamen Xiangyu Group is an excellent logistics enterprise recommended by China Federation of Logistics and Purchasing. The support of China Development Bank for Xiamen Xiangyu Group and Xiamen logistics industry will not only benefit the development of Xiamen logistics enterprises, but also further promote cross-strait logistics exchanges and close cross-strait economic and trade relations.
In the same period, Zhang Qingmin, director of the First Assessment Bureau of China Development Bank.
Xiamen has played a very important role in cross-strait trade, so this time we want to strengthen cooperation by signing a development financial cooperation agreement, so that this enterprise can go to the whole country and the whole world.
In the same period, Wang Longchu, Chairman of Xiamen Xiangyu Group Co., Ltd.
Yu Xiang Group will take Taiwan as a new starting point for its development. We will continue to consolidate and expand the existing three business departments. Yu Xiang Co., Ltd., which focuses on procurement, supply and integrated logistics services, will continue to work hard on the integration of procurement, supply, integrated logistics and logistics park platforms around the goal of "continuously creating circulation value and serving the growth of enterprises" to promote the development of Yu Xiang Group in the direction of prominent main business, reasonable industrial structure and abundant cash flow.
Xinhua News Agency reporter Wang Chen reports from Xiamen, Fujian. (End)
Inner Mongolia: Drug Fair Becomes a New Business Card for Economic Development
Commentators learned from the medical and health care products fair held in Hohhot, Inner Mongolia Autonomous Region in June, 5438+02 that the medical and health care products fair in Hohhot has maintained the title of the largest professional exhibition in Inner Mongolia in 12 years, so Hohhot is also called "the capital of medicine exhibitions in China". The medical and health care products Expo has become a new business card for local economic development.
Gao, secretary-general of Inner Mongolia Convention and Exhibition Association, said that as the leader and representative of the convention and exhibition industry in Inner Mongolia, the drug fair is different from other well-known brands in the region. Independent of resources, it is a typical "new economy", which promotes the transformation of economic growth mode in Inner Mongolia while stimulating related industries.
According to Gao, Hohhot Pharmaceutical Expo is known as the "No.1 brand in Inner Mongolia's new economy", maintaining the position of China's medical exhibition industry, the number of health care products held nationwide, the number of professional visitors, the fixed city's medical and health care products exhibition and the second place in China.
Secretary-General of High Inner Mongolia Convention and Exhibition Association
So far, 70% or 80% of drug dealers come from all over the country, and only 20% or 30% are local drug dealers, so the Expo should be said to be a national Expo in a complete sense.
Commentary: "According to the previous data, the turnover of this fair is expected to be 900 million yuan, which can bring about a comprehensive pull of about 654.38+0.6 billion yuan for local hotels, tourism, catering and other related industries." Gao said.
According to reports, Hohhot Pharmaceutical Expo is called "Mongolian Fair" by people in the industry and is quite famous in national exhibitions. At that time, 200,000 Inner Mongolia medical and health products marketing troops dominated 80% of the national market. They took advantage of the development of business when they returned home during the Spring Festival, and gradually formed a "Mongolian market" model. The first Mongolian Trade Fair was held in Hohhot from 65438 to 0999, and it has been held twice a year since then, gradually becoming a banner of convention and exhibition economy in Inner Mongolia.
It is understood that Hohhot Pharmaceutical Expo has brought direct economic benefits of about 3 billion yuan to local related industries since it was held 12 years ago, and gradually made Hohhot an important distribution center for medicines and health products in China.
The current medical and health care products fair was held in Inner Mongolia Exhibition Hall from February 12 to February 13. More than 2,600 representatives of pharmaceutical enterprises from 32 provinces, municipalities and districts in China attended the fair.
Xinhua News Agency reporters Li Yunping and Hohhot, Deng Hua reported. (End)
(Title) (Looking forward to the Twelfth Five-Year Plan) Xinjiang will spend more than 3.3 billion yuan to resettle1100000 herders.
During the "Twelfth Five-Year Plan" period, Xinjiang invested 3.3/kloc-0.50 billion yuan, making/kloc-0.5 million herdsmen of all ethnic groups bid farewell to the production and life style of grazing in four seasons and living on aquatic plants, and realized settlement.
During the "Eleventh Five-Year Plan" period, Xinjiang changed the production mode and adjusted the production structure of animal husbandry, so that the contribution share of animal husbandry in increasing the income of farmers and herdsmen accounted for a high proportion for many years in a row; The construction of three advantageous industrial belts of milk, high-quality beef and mutton and fine wool has been continuously consolidated and strengthened, and characteristic industrial belts such as pigs and poultry have begun to take shape; New progress has been made in the construction of livestock and poultry breeding system. At the same time, relying on the implementation of the national improved seed project and the improved seed subsidy in the autonomous region, the breeding ability of improved livestock and poultry and the technical service ability of variety improvement in the whole region have been significantly improved.
Under the impetus of the national nomad settlement project, at present, there are106500 and 402900 nomads in the whole region who have settled down according to the standard of "three links, four supplies and five connections", and the production technologies such as planting grass and raising livestock and mechanized transition have been popularized, the production and living conditions have been continuously improved, and the production mode of grassland animal husbandry has gradually changed.
Xinhua News Agency reporter Su Chuanyi reports from Urumqi.