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Minggu, 24 Maret 2013

IHSG predicted weakening again

Dana Aditiasari

IHSG diprediksi kembali melemah

Sindonews.com -composite index (IHSG) on trading yesterday predicted would continue weakening occurred on the day yesterday.

"On the trade today, JCI is expected to experience the attenuation, which is also confirmed by the MACD and RSI indicators that generate a bearish signal," said the Head of Research of e-Trade Securities Betrand Raynaldi,, Friday (22/3/2013).

He predicts, JCI will move in a range from 4.750-4900 with stocks that can be seen, among other things, GJTL CTRS, and PGAS.

While at the trade Thursday (21/3/2013), the Dow Jones Index closed down 90,24 points (-0,62 percent) to,49 amid concerns about 14.421 bailout of Cyprus.

Light sweet oil traded at level USD93 per barrel in New York after the release of Manufacturing data showing the decline in Germany.

IHSG yesterday closed down 28,83 points (0.60 percent) to,67 with a unfamiliar 4.802 recorded net buy conduct regular market amounted to Rp53 billion and shares the most widely purchased, among other things, BBRI BBNI, PGAS,?, and IMAS.

Rupiah currency depreciate to 9.755 per USD. In yesterday's technical decline JCI generate signals on the stochastic indicator dead cross.

(rna)

Finance; Investment; Business; Economics



Finance; Investment; Business; Economics

Cyprus sentiment again for Wall Street experienced a correction

J Erna

Sentimen Siprus kembali buat Wall Street alami koreksi

Sindonews.com -stocks on the Wall Street stock exchange on Thursday local time trading ended following the Oracle Corp. earnings rectified that far from expectations. In addition, sentiment about the issue concerns Cyprus in European zone also became the trigger.

shares of Oracle Corp. (ORCL.O) slumped 9.7 percent to USD32,30, and became the biggest correction in the Nasdaq, a day after a disappointing revenue doubled due to sales under the target.
It was the biggest decline since December 2008.

The greater the stock correction at the end of the session following concerns over the financial condition in Cyprus are increasing. This happened right before the credit rating becomes junk level trimmed Cyprus.

The European Union gives the limit for Cyprus until Monday next week to get a Fund of funds untukmenyiapkan bailout of 10 billion euros or face a collapse of the financial system and possibly out of European contention.

"I think the way is not going to be a quick solution to cope with the situation and it is not easy to predict what will happen. The uncertainty will make investors sell stocks, especially in a market that has experienced a rise in two weeks, "said Wedbush Securities Equity Trading Director, Michael James, as reported by the Reuters, Friday (22/3/2013).

Investors fear a collapse of the banking system in Cyprus will tighten credit in the European zone and into other hambata to get out of the economic crisis. This adds to the concern, the u.s. economy data also cannot reach the target expected.

While The Dow Jones industrial average (DJI) was down 90,24 points or 0,62 percent to,49, The Index 14.421 Standard & Poor 500 (SPX) dropped 12,91 points or 0,83 percent to 1.545,80, and Nasdaq Composite Index (IXIC) lost 31,59 points or 0,97 percent to 3.222 .60.

(rna)

Finance; Investment; Business; Economics



Finance; Investment; Business; Economics

Kamis, 28 Februari 2013

Wall Street again rectified

J Erna -Sindonews

Ilustrasi

Sindonews.com -stocks on exchanges on Wall Street trade Thursday local time closed corrected two days in a row. In fact, the index registered a record S&P 500 worst daily for two days in a row since November after investors gave negative responses on the economic report of the United States (US) and Europe.
However, the rally at the end of stock trading that occurs to minimize correction going on in the technology sector in the Nasdaq index. This indicates that investors are still interested in buying the stock despite a sharp decline at the end of the trading session.

"Results of the purchasing management index (PMI) of Europe really be a blow for the stock market. The market expects the recovery, yet the problems in Europe are still high, "said head of Investment Advisory in Portsmouth Harbor, Jack De Gan, as reported by Reuters, Friday (22/2/2013).
Claim unemployment benefits in the u.s. rose more than expected in the last week. While the Federal Reserve Bank of Philadelphia said business conditions index in the U.S. mid-Atlantic region plunged in February to the lowest level in eight months.
at the close of trading last night, The Dow Jones industrial average (DJI) was down 46,92 points or 0.34 percent to,62, The Index 13.880 Standard & Poor 500 (SPX) slid 9,53 points or,42 percent to 1.502 0,63, and Nasdaq Composite Index (IXIC) plummeted 32,92 points or 1.04 percent to 3.131,49.

(rna)



Finance; Investment; Business; Economics



Finance; Investment; Business; Economics

Selasa, 19 Februari 2013

The Vatican can take credit cards again

The visitors of St. Peter and other Vatican sites carry cash this year

Vatican spokesman Federico Lombardi Swiss adeno card payment specialist has been contracted to provide the service, the prohibition in the past six weeks.

"Credit card payments in the Vatican City State are working again, and so the pilgrims as well as tourists who visit St Peter's church every day and can now use the regular payment, including payment of the Vatican museums," Lombardi told reporters.

The Italian Central Bank prevented a long provider Deutsche Bank (DB) to continue to provide pay services since the beginning of 2013.

"The Bank of Italy" is not required to approve the new arrangement because it was not based on adeno in the European Union.

In a statement explaining its decision last month, the European Union law prevents the EU from banks operating in non-EU countries unless they have an adequate system of supervision or are considered "equivalent" for money-laundering purposes. He failed in both cases, the Vatican.

A spokeswoman said adeno, owned by banks in Switzerland, the company has started to provide services of card payments in the Vatican museums on Tuesday, will offer online payments to the Museum's website in the coming days. The sponsors MasterCard (MS, Fortune 500) and visa (v, Fortune 500) has given its approval.

Related: full coverage of the Pope's resignation

Have made Pope Benedict XVI, who announced Monday that he intended to resign at the end of February, Vatican finance reputation obscure one of the priorities, introducing new rules and hiring a lawyer Swiss financial to raise standards to international levels.

But last year a European money-laundering the Vatican found selected still fail to measure up in seven key areas, concluding it may still work to do to prove the existence of an effective system of supervision.

The global reach of the Vatican Bank, the high volume of cash transactions, and lack of information about some of the charitable organizations can make it vulnerable to money laundering, he said.

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First published: February 12, 13: 11: 39 am et

Finance; Investment; Business; Economics



Finance; Investment; Business; Economics

Selasa, 12 Februari 2013

Detroit embraces diesel again after 27 years

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Paul A. Eisenstein , The Detroit Bureau   –   15 hrs.

The company that all but destroyed the diesel back in the 1980s is hoping to pump new life into the high-mileage technology with this week’s introduction of its first diesel-powered passenger car in more than two decades.

But General Motors isn’t the only maker that is betting on diesel. After years on the sidelines, the technology is suddenly making major inroads as manufacturers as diverse as Mazda and Audi add diesel options to their line-ups, with still more makers likely to follow.

More than 20 new domestic and import diesel models will be introduced this year to the U.S. market -- more than doubling the current product count, according to Allen Schaeffer, executive director for the Diesel Technology Forum.

The Detroit Bureau: Toyota Rolls Out All-New Tundra

Chevrolet will pull the wraps off the 2014 Cruze Clean Turbo Diesel at this week’s Chicago Auto Show. It’s expected to deliver a best-in-segment 42 miles per gallon on the highway while also meeting the latest federal emissions standards – as well as the even tougher California mandates.

“Cruze Clean Turbo Diesel is the most sophisticated passenger car diesel engine GM has ever produced,” said Jens Wartha, the GM engineer who oversaw its development. “We merged European diesel expertise with the real world driving preferences of North American consumers.”

While diesels are still a minor player in the U.S. market they account for about half of all passenger vehicle sales in Europe, far out-selling high-mileage alternatives such as hybrids.

It helps that European manufacturers began with more advanced technology than what American motorists might remember from decades past. High-pressure injectors and turbochargers help makers reduce emissions – while low-sulfur fuels also eliminate the traditional, noxious diesel smell – boost performance and all but banish the noise and vibrations that once were a diesel hallmark.

The Detroit Bureau: Chrysler's new Ram ProMaster, an American Van with Italian Roots

Yet today’s diesels remain significantly more reliable than traditional gasoline powertrains, one reason there are still plenty of 1980-era Mercedes-Benz diesels still on the road. The notable exception was an Oldsmobile diesel that had a tendency to fail catastrophically due to GM’s cost- and corner-cutting. The maker promises it won’t repeat that mistake and points to the performance of its diesels in Europe as proof.

Performance is, in fact, a prime selling point for today’s so-called “clean” diesels. In contrast to high-mileage but often snail-slow hybrids, today’s turbo-diesels produce massive amounts of torque and often match or even exceed the 0 to 60 times of comparable, conventional gasoline engines.

Audi has demonstrated that for nearly a decade with a series of race cars that have dominated the Le Mans endurance series. Meanwhile, BMW last year introduced a 5-Series diesel that’s a virtual match for its M5 performance model.

There is a premium to pay, diesel models typically commanding anywhere from $1,000 to $5,000 more than a comparable gas model – but in line with similar hybrids. The new Cruze diesel will start at $25,695 – plus $810 in delivery charges – compared to $21,685 for the current Eco model.

Diesel fuel is generally priced around or slightly higher than premium gas, though it has undergone some significant swings in recent years.

Nonetheless, demand for diesels has been growing rapidly after virtually drying up during the 1990s and the first decade of the new millennium. Sales increased at a double-digit rate during 20 of the last 24 months, according to industry data and should post a similar increase once final figures for 2012 are calculated, according to Allen Schaeffer, executive director of the Diesel Technology Forum.

The introduction of the Chevy Cruze Diesel “is huge,” proclaimed Schaeffer. “It breaks new ground for clean diesel by having one of the domestic manufacturers introducing a passenger car diesel.”

The Detroit Bureau: Nissan Planning New Titan for Likely 2015 Debut

And if the Cruze succeeds, expect to see more, suggested Mark Reuss, president of GM’s North American operations – who says he is “personally” a fan of the technology.

He’s not alone. Chrysler CEO Sergio Marchionne has hinted there could be more offerings from the smaller U.S. maker if it scores a hit with the Jeep Grand Cherokee Diesel it revealed at the North American International Auto Show in Detroit last month.

Mazda, meanwhile, plans to become the first Japanese maker with a diesel in its line-up when it adds that option for the new Mazda6 sedan later this year.

European makers still dominate, however. With some Volkswagen models, diesels now account for more than a quarter of demand and VW Group of America CEO Jonathan Browning believes that would top 30% for the midsize Passat line if he could get enough diesel engines.

Sibling brand Audi scored an upset, several years ago, when its A3 turbodiesel was named Green Car of the Year at the L.A. Auto Show, besting an assortment of hybrids. Audi will add four new U.S. diesel models in 2014.

The Detroit Bureau: VW Goes Forward into the Past with the 'Black/Yellow Racer'

Britain’s Mini, one of the few European makers not to offer a diesel, “can definitely envision (a diesel) for the next-generation, though we’re not going to confirm it,” product planner Patrick McKenna said in an interview this week. And diesels could be in the offing soon from Land Rover, as well.

Not everyone is convinced diesels will make major inroads in the American market. Skeptics caution that even stricter emissions standards are coming and could price diesel technology out of reach. They also note that diesel fuel isn’t nearly as common as gasoline – though Forum director Schaeffer notes 52% of U.S. service stations now have at least one pump available.

The real test is likely to come with the launch of the Chevy Cruze, Jeep Grand Cherokee and Mazda6 diesel models. If demand comes close to expectations, expect plenty of other new models to follow.

For his part, GM President Reuss is confident that “There is, fundamentally, a place for diesel here.”

Copyright 2013 The Detroit Bureau



Finance; Car Insurance; Health



Finance; Insurance; Business

Sabtu, 09 Februari 2013

Americans are tapping into home equity again

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Diana Olick , CNBC.com   –   11 hrs.

Nearly 11 million borrowers are underwater on their mortgages, owing more than their homes are worth, according to CoreLogic, and yet home equity lines of credit are suddenly on the rise again.

During the housing boom of the last decade Americans withdrew over $1 trillion in home equity. They did it through cash-out refinances, home equity loans, and home equity lines of credit. The latter allowed them to use their homes like an ATM. They spent the money on cars, televisions, vacations and fancy home upgrades. It was seemingly endless equity, until suddenly that equity was gone.

"Home prices are definitely a factor" in the recent rise home equity lines of credit, said Brad Blackwell, an executive with Wells Fargo Home Mortgage. "As they increase, people have more available equity."

(Read More: New Housing Fears: Home Prices Are Rising Too.)

Blackwell also pointed to increased consumer confidence, meaning borrowers now feel better about their ability to repay these loans. Both factors fueled a 19 percent jump in originations of home equity lines of credit at the end of last year, according to Equifax. In 2008, as housing was crashing, home equity line originations dropped 55 percent.

"Nationally we've seen a 31 percent increase in HELOC's year-over-year," said a spokesperson from JPMorgan Chase.

With home prices up 8 percent year-over-year in December, according to the latest reading from CoreLogic, homeowners are regaining home equity at a fast clip—1.4 million borrowers rose above water on their mortgages through the end of September. That number likely increased as price appreciation accelerated toward the end of the year.

Does this mean a return to the reckless equity withdrawals of the housing bubble? Likely not.

"I would guess that most of the current home equity line borrowing is quite prudent. We know that it is being very conservatively underwritten with plenty of equity," said Guy Cecala, editor of Inside Mortgage Finance.

(Read More: Housing Already Shows Signs of a New Bubble.)

While it is too early to say exactly what borrowers are spending this new cash on, anecdotal evidence shows borrowers are largely sinking the money back into their homes.

"We are seeing more responsible uses today, like home improvements, education expenses or other major expenses that would be a more responsible use of a customer's home equity," Blackwell said.

The average home equity line in October of 2012 was just below $90,000 compared to October 2006, when lines averaged just over $100,000, according to Equifax.

Despite the recent surge, volume is still down dramatically from the height of the housing boom. Borrowers in 2012 took out a collective $7.2 billion in home equity lines through last October, compared to just over $28 billion in 2006.

(Read More: Why Home Builders Won't Drop New Home Prices,)

The numbers are expected to go up in 2013, not just because home prices are rising, but because interest rates are rising. With higher rates, borrowers will not want to give up their rock-bottom fixed rates to do cash-out refinances; rather, they will turn to home equity lines instead. While these lines usually carry variable rates, banks are now offering new products with fixed rates. Wells Fargo recently promoted a line of credit where a portion of the loan is fixed for up to three years.

"We clearly want to lend, and we want to lend to the types of needs that our customers have," Blackwell added.

—By CNBC's Diana Olick; Follow her on Twitter @Diana_Olick or on Facebook at facebook.com/DianaOlickCNBC

Questions? Comments? RealtyCheck@cnbc.com



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Finance; Insurance; Business