September 18th, 2009

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Yushchenko considers overly loyal to the policies of the IMF on the Government of Ukraine

Friday, September 18th, 2009

Ukrainian President Viktor Yushchenko believes too loyal to the policies of the International Monetary Fund (IMF) in respect of the Government of Prime Minister Yulia Tymoshenko, the article says Financial Times.

publication notes that the Ukrainian president has repeatedly accused the Tymoshenko government in populist policies, citing the fact that it has not raised the price of natural gas for the population to market levels, as well as the unrealistic budget figures for this year and next.

Neither the World Bank nor the IMF has not done the work that has been provided, and failed to compel the Government to reform - quoted Yushchenko's Financial Times.

Premier also accused Yushchenko of trying to undermine its participation in the presidential campaign, as well as the desire to bring the economy out of recession.

As the Financial Times, the president commented on the attitude of the Government of Ukraine to the International Monetary Fund at a time when the IMF was considering granting the country this fall, the fourth tranche of the loan program stand-by, involving total funding of $ 16.4 billion

Financial Times also drew attention to the fact that the IMF has sought to steer away from the Ukrainian policy, kept true to the political mess in Kiev, which confirms the refusal of Commons to confirm or deny allegations of politicians and reporting, investigative journalism, which assume that part of the assistance provided is not used properly. Click to continue »

One of the leaders began to decline on Friday quotes MTS, and with them the entire segment of the telecom

Friday, September 18th, 2009

The RTS finished trading today on the growth of 1,15% and amounted to 1 245.56 points, and the indicator RTS-2 at the same time increased by 0,66% to a mark 1 151.61 Fri

Stability of quotations of futures for energy and metals near their maximum marks in recent weeks, the values of today, apparently predetermined relatively active recovery in stock prices Russia's oil and gas and steel companies after yesterday's decline.

In addition, against the backdrop of today's statement by the Head of the Federal Service on Tariffs Novikov that the growth rates of FGC UES in 2010 may exceed 30%, subject to the company transition to a new system of tariff-RAB, securities of energy companies, Today also demonstrated the dynamics of the market better.

On the other hand, relatively little look at stocks on Friday's consumer and retail companies, which in the course of yesterday's trading played the role of protective investment instruments.

Another leader of the decline on Friday became the capitalization of OAO Mobile TeleSystems, and together with them, and the entire segment of the Telekom . According to current information, MTS, after the completion of its acquisition of controlling interest in OAO Comstar UTS, likely will expose the offer to minority shareholders of the company. It is possible that investors, on the one hand, not sure of the potential effectiveness of the transaction to acquire the assets of Mobile TeleSystems. On the other hand, the additional cost of MTS to offer, may be in the end quite important for the finance company.

In general, the dynamics of Russia's shares today was quite heterogeneous. The market apprehension increased, for example technician sales.

However, the relatively high risks associated with the development of the current bull the dynamics of Russia, the world's stock segment, at the moment, and reflect the very high profitability of investments in it. The financial market continues to make money to compensate for losses in the mortgage segment. In the absence of significant negative fundamental information, expect a significant correction on it in the next few weeks may be premature.


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Forex - in the European session

Friday, September 18th, 2009

index of the Frankfurt Stock Exchange Ksetra DAX (Xetra DAX) rose 2.89 points (0.05%) and at the level of 5734.03. Index of the London Stock Exchange Futsi 100 (FTSE 100) rose by 7.11 points (0.14%) and is located at the level of 5171.06. Index of the Paris Stock Exchange, BTB 40 (CAC 40) rose to 3.54 points (0.09%) and at the level of 3838.81. Opening of the American stock indexes are now expected to top.

The euro /dollar fell on the European session to a mark 1.4646. Pressure on him had a reduced demand for risky instruments, the fall of stock indices. There was a closing of long positions on the euro after the increase in its value over the past few days. Subsequently, the rate adjusted to a mark 1.4716.

noted that in anticipation of the long weekend in Japan and Singapore, the activity of investors on the forex market is relatively low. This contributes to large fluctuations in exchange rates. Click to continue »

The impetus for growth in the current market conditions, Russia can only give the campaign the Dow Jones index in the area of 10000 items

Friday, September 18th, 2009

A great day today on the equity market for speculators. Earn market today, and gave the bulls and bears, when they played blue chips and not including the emotions, blindly followed the requirements of classical technical analysis.

his trading strategy, we focused on the actions of Gazprom, and even these traditionally fixed paper brought us the order of 1,5% of profit. After the breakdown in the morning papers mark 180 rubles, we got up in the short and closed the position at the lower boundary of the short-term downtrend channel from September 17, 2009 in the vicinity of 177rubles.

Now we have opened the Long on the shares of the issuer, because, judging even by the hour time-frame, we can say that the paper took the line of resistance above channel 180.52 rubles.

Before closing the auction we will close this position, regardless of the financial results, as the market came a little too suspicious of optimism.

real charge to our growth in the current market conditions can only give the campaign the Dow Jones index in the area of 10000 points. All others (for oil by 70 - 73 dollars, the dollar to fall to world currencies), our investors have become accustomed. For the medium-term growth should be something new.

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LUKOIL and the authorities of the Stavropol region agreed on the project for construction of gas-chemical complex to produce ethylene

Friday, September 18th, 2009

September 18 in Sochi the International investment forum, President of OAO LUKOIL Vagit Alekperov and Governor of Stavropol Territory Valery Gajewski signed a cooperation agreement.

Document, in particular, provides for active cooperation of the parties to implement the project of building a gas-chemical complex to produce ethylene and its derivatives on the court Ltd. Stavrolen in Budennovsk. Hydrocarbons in the complex will come from the fields of LUKoil in the Northern Caspian.

Under the agreement, the Government has the edge in accordance with the law will, inter alia, to LUKOIL facilitate the involvement of the RF Investment Fund for construction of state and public property within the gas processing project using pipes made of polymeric materials under new housing construction and reconstruction of existing utilities and natural gas networks, as well as the establishment of the Stavropol Territory small businesses on deep processing of polyethylene and polypropylene, according to company materials. Click to continue »

Gazprom and Russia agreed to ship builders on the production of tankers to transport LNG from the Shtokman

Friday, September 18th, 2009

September 18 deputy chairman of Gazprom Alexander Ananenkov held a meeting to place on Russia's shipbuilding enterprises of orders Gazprom to develop marine technology for shelf development and transportation of liquefied and compressed natural gas, as well as vessels for the offshore pipeline construction.

The meeting was attended by leaders and experts of relevant departments of Gazprom and subsidiaries - OOO Gazprom mining shelf, Gazflot, Giprospetsgaz, Gazprom equipment , JSC Yamalgazinvest , and as JSC United Industrial Corporation, JSC Vyborg Shipyard, CRI them. Acad. AN Krylova and OAO Mezhregiontruboprovodstroy.

The meeting discussed joint efforts to start construction in Russia tankers metanovozov, including for transport Shtokman LNG project. Click to continue »

Asia: from growth to confusion

Friday, September 18th, 2009

 

Friday, September 18, the major stock markets of the Asia-Pacific region have shown mixed dynamics. Closing of the American indexes in negative territory, as well as reducing the prices of Commodities at a background of strengthening the U.S. dollar once again puzzled investors, casting doubt on the prospects for economic growth in the absence of public funding programs. An additional heavy burden for the indices of the region was the collapse of the shares of the Japanese lender Aiful, who intends to request a postponement of the payment of its debt until March next year.

As a result of the auctions the index MSCI Asia Pacific sank 0.4% to 118.36 points, losing yesterday's record of 8 September 2008 position. Japanese index Nikkei 225 has decreased by 0,7%, Chinese CSI 300 has become easier to 3,63%, and the Australian SP/ASX200 left in a minus on 0,46%.

The news of the day within the region to a statement by a Japanese company in consumer lending Aiful that it intends to seek a delay in payment of the debt until March next year due to the fact that the financial crisis has limited the ability to attract additional capital. As a result, the paper Aiful fallen by 27%, but rates of its competitors Takefuji and Orix slipped by 9,5% and 4,3% respectively.

Due to declining prices of Commodities shares the world's leading mining company BHP Billiton fell 2.3%, while China's largest producer of gold and silver bullion Zijin Mining Group lost 4.7% of market capitalization.

Paper developers HK Hang Lung Properties and Sun Hung Kai Properties thinner at 3,9% and 1,5% respectively. Investors fear that the increase in central bank interest rates will reduce the demand for housing.

The market value of shares of Sumitomo Osaka Cement fell 9.6% after the company lowered its forecasts for annual net profit by 75% and also abolished the payment of dividends on the results of the first half.

Paper leading publisher of newspapers in China, Shandong Huatai Paper have left in a minus on 6,2% against the planned sale of shares. Thus, the company plans to attract 1.26 billion yuan ($ 189 million) by selling 100 million of securities.

Meanwhile, quotes, BOC Hong Kong (Holdings) fell by 7,1% due to the fact that its CEO, Mr. He Guangbei sold 623 000 of its own shares.

Analysts Royal Bank of Scotland raised their recommendations on the securities in Australia's largest airline Qantas Airways with a hold to buy. As a result, it quotes rose by 3,7%.

Index Country Closing (items) Delta day (items) Change day (%) Change YTD
SP /ASX 200 Australia 4693.2 -21.7 -0.46 26.08%
All Ordinaries Australia 4693.7 -20.3 -0.43 28.27%
Ho Chi Minh Vietnam 571.01 9.82 1.75 80.92%
Hang Seng Hong Kong 21623.45 -145.06 -0.67 50.29%
Hang Seng H-shares Hong Kong 12614.57 -53.68 -0.42 59.84%
BSE 30 (Sensex) India 16731.37 20.26 0.12 73.43%
Jakarta Composite Indonesia 2456.986 17.629 0.72 81.27%
Shanghai A-shares China 3109.173 -102.635 -3.2 62.63%
CSI 300 China 3199.689 -120.407 -3.63 76.03%
FTSE Bursa Malaysia KLCI Malaysia 1221.2 2.4 0.2 39.29%
NZSE 50 New Zealand 3156.463 3.664 0.116 16.23%
Karachi 100 Pakistan 9436.82 213.43 2.31 60.90%
Straits Times Singapore 2647.91 -24.69 -0.92 50.32%
Bangkok SET Thailand 510.85 2.87 0.56 13.53%
TAIEX Taiwan 7526.55 49.25 0.66 63.93%
PSEi Philippines 2789.33 17.36 0.63 48.94%
Colombo All-Shares Sri Lanka 2939.44 -4.61 -0.16 95.57%
KOSPI South Korea 1699.71 4.24 0.25 51.16%
Nikkei 225 Japan 10370.54 -73.26 -0.7 17.05%
Topix Japan 939.44 -0.08 -0.01 9.33%

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Semeniuk-Samsonenko: District adminsud Kiev has suspended preparations for the sale of IPF

Friday, September 18th, 2009

district administrative court of Kiev has forbidden to take any action on the privatization of the Odessa port plant. Such a decision the court took on the suit of ex-chairman of the State Property Fund Valentina Semeniuk-Samsonenko, the press office of the Socialist Party.

Semeniuk-Samsonenko as a people's deputy of 2,3,4 and 5 Convocation August 31, 2009 filed in the District administrative court of Kiev, demanding action to stop the privatization of OJSC Odessa Portside Plant as illegal. In the suit, she asked to recognize the illegal regulations on which the sale of shares of OJSC Odessa Portside Plant , and pending a decision on the merits, to prohibit the State Property Fund to take any measures to prepare for and conduct of this contest. The hearing is scheduled for October 7, 2009

At the same time, as reported by RBC-Ukraine, the press service of the State Property Fund, it has not received the relevant documents on the prohibition to take measures to privatize the plant.

the eve of Prime Minister Yulia Tymoshenko said that the tender for the sale of OJSC Odessa Portside Plant will be held on September 29. Privatization is to establish the State Property Fund as possible. Nothing will prevent this, because this whole procedure is based on the decisions than the government, and SPF, and SPF solutions can not be vetoed, discontinued, stopped, paused, - she said.

Yesterday, Ukrainian President Viktor Yushchenko signed a decree № 747/2009 On the stopping action of the Cabinet of Ministers of Ukraine from December 3, 2008 № 1517-p, which provides for sales in 2009, state-owned shares of open joint stock company Odessa Port Factory.

decision on the privatization of state-owned shares IPF - the company, which has strategic importance for the economy and national security, in the absence of state privatization program adequate to the present level of social relations, not in the interests of national security in the area of privatization and makes it impossible to provide full amount of economic security of Ukraine, Head of State noted in its decree. Click to continue »

Sales of computers out of order

Friday, September 18th, 2009

According to IDC, in II quarter of the world's supply of stationary and portable computers in physical terms decreased by 2,4% compared to the same period last year. Experts predict that by year-end in the world will be realized more than 284 million personal computers, which is 1,2% less than in 2008. If analysts' predictions are correct, then the 2009-th will be the first in many years, when the recorded drop in sales. In the last and so far the only time it happened was in 2001.

According to IDC, most stationary computers dropped segment, in which the volume of deliveries in the II quarter decreased by 17%, and for the year will decrease by 14,3% (to 124.2 million). At the same time, quarterly sales of notebooks in-kind grew by 13% and an annualized growth forecast - by 12,2% (to 159.9 million). However, in monetary terms, the computer market fell to 19.1%, which was the result of lower producer prices and the rise of netbooks - small laptops cost $ 300-400. The share of these devices in the overall notebook sales compared with the II quarter of last year increased from 5% to 26%.

But in the future to increase the share in sales of netbook will be difficult, experts say. Click to continue »

Crisis as a chance for science. So - the country

scientists insist on the adoption and introduction in Ukraine of innovative development strategy for 2010-2020 …

Friday, September 18th, 2009

As the experience of mankind, no social problem is not resolved without the help of science. Today, when almost all countries of the global problem is the way out of financial crisis, the indisputable fact is that in countries where development has been an innovative leader, where science supported by government and business, the impact of the crisis were not as pronounced.

the other hand, severely damaged the state (that is, and the Ukraine), in which the economy was based on the use of raw materials and where not upgraded technology. In general, systemic innovation development - the priority of each of the technologically advanced countries such as Japan, Denmark, the Netherlands or Germany. In Ukraine, until recently there was no strategy of innovative development - a single balanced and long-term national science and technology and innovation policy. It is because of this now are in the 114-m site in terms of protection of intellectual property - close to Uruguay and Guatemala, and because of this so hard going through a crisis.

recently in Kiev, a presentation of the scientific journal The strategy of innovative development of Ukraine for 2010-2020 in the context of globalization challenges, the authors who became president of NASU, Academician Boris Paton, Economy Minister Bohdan Danylyshyn, director of the Institute of Economics and Forecasting of NASU, Academician Valery Geyets, director of the Institute of World Economy and International Relations, National Academy of Sciences of Ukraine Yuri Pakhomov, rectors of the leading educational institutions, heads of scientific institutions, etc. As the researchers say, is a complete roadmap for innovation development of Ukraine.

More information about the importance of implementing the strategy in Ukraine - in an interview with the Chairman of the Verkhovna Rada Committee on Science and Education, a leading researcher at the Institute of World Economy and International Relations, National Academy of Sciences of Ukraine, Professor Vladimir Polohalom.

- Vladimir Ivanovich, the value of the strategy they say only the names of its authors ... But how realistic is now to refocus in the social and economic policies and, indeed, go to the innovative development?

- As for the book, it is - at 700 pages. In addition to performances of our leading scholars, it came in a draft strategy for innovation development of Ukraine for 2010-2020, designed by the Academy of Sciences of Ukraine, to be exact - of the Center for scientific and technological capabilities of the history of science. Todorova, NASU, there is the concept of innovation that in June this year the Cabinet of Ministers adopted. In addition, the Ministry of Foreign Affairs of Ukraine, at our request six months preparing materials on innovation policy in foreign countries. This is a unique material that, what are the strategies in other countries and what exactly is the situation with the innovation development. We want to take it to the Verkhovna Rada and now it is still under construction at the Academy of Sciences of Ukraine ...

It is clear that the global crisis - this is a subject of research (as far as he drags on whether his second wave of what will be his algorithm), and is now talking about it, Academician Pakhomov and academic Geyets - that there is no single authoritative point of view on this subject . But the indisputable fact is that the very world financial and economic crisis has shown: the industries, enterprises and the whole country who did at one time bet on innovation, most of the crisis is not felt, or suffered less. I workout at an annual economic forum in Krynica (Poland), which is attended by representatives from 40 countries and there is well-known experts, such as from Japan and Germany, say the crisis - it is a reasonable chance for science and that it was at this time to try to change the thinking of business and political elites, civil servants. It is important to make use of it now.

For example, in Finland this year increased funding for science at the state level by 14% in Japan are going to concentrate funding on priority areas such as security, nutrition and the environment (it will be financed) in Germany proposed to fund research research work is not all universities, and individual innovation projects. The key to this work is that science, business and government must work together - this triangle should be, let's say, an equilateral. In Japan, Germany or Finland, the crisis has already forced to look at this situation this way. There business is interested in innovation, not only because of his worldview, but because of the fact that there are different ways to encourage businesses to support science and innovation.

Instead, the business in Ukraine is absolutely indifferent to innovation. And the problem is not even that he does not finance them. One of the reasons why we now have such consequences of the crisis - that all these 18 years of independence of the business that is born, like fast money. He has capitalized itself: a whole class of oligarchs on the basis of raw materials, mining economy by favorable conditions in world markets. But it is not modernized, not rebuilt, nothing invested in the modernization of production, Ukrainian business suffered greatly himself. And now for the big oligarchic business crisis hit like a boomerang. They wanted to work at the expense of the commodity economy and is not oriented to high technology, not science-intensive products, but relied on the commodity-mining economy. Click to continue »