Seguros de desempleo bajaron 5,000 a 368,000 lejos de lso niveles recesionarios de arriba de 400,000. Buenas noticias.
+11
Jueves 17/11/11 Inicio de casas
Re: Jueves 17/11/11 Inicio de casas
por admin » Jue Nov 17, 2011 6:38 am
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Re: Jueves 17/11/11 Inicio de casas
por admin » Jue Nov 17, 2011 6:42 am
Au down 1,746
+9
Oil down 101.10
+9
Oil down 101.10
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Re: Jueves 17/11/11 Inicio de casas
por admin » Jue Nov 17, 2011 6:55 am
La banca Francesa mas del 3% a la baja, igual la Alemana.
Euro up 1.3531
Europa a la baja.
Yields 2.04%
Yen up 76.84 subiendo mas, pobre Japon.
Au down 1,748
Euro up 1.3531
Europa a la baja.
Yields 2.04%
Yen up 76.84 subiendo mas, pobre Japon.
Au down 1,748
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Re: Jueves 17/11/11 Inicio de casas
por admin » Jue Nov 17, 2011 6:57 am
FAS +1.42%
AAPL +0.4%
EDC +1.29%
USO -0.36%
BAC +1.44%
SCCO +0.03%
AAPL +0.4%
EDC +1.29%
USO -0.36%
BAC +1.44%
SCCO +0.03%
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Re: Jueves 17/11/11 Inicio de casas
por admin » Jue Nov 17, 2011 7:02 am
La banca Europea esta desesperada por liquidez por lo que se las estan ingeniando usando estrategias que podrian, en el peor de los casos, empeorar aun mas la crisis.
EUROPE BUSINESS NEWSNOVEMBER 17, 2011.Banks Face Funding Stress
European Institutions Resort to Potentially Risky Swaps to Generate Liquidity
By DAVID ENRICH
LONDON—European banks, increasingly concerned about their ability to access funding, are devising complex and potentially risky new deals that enable them to continue borrowing from the European Central Bank.
The banks' moves, which include behind-the-scenes swapping of assets among financial institutions, could heighten risk across Europe's already fragile financial system, say some senior industry officials and regulators.
Europe's debt troubles spilled over to top-rated nations that had been largely untouched by the crisis-including Austria, the Netherlands, Finland and France-in an ominous sign for European policy makers, Matt Phillips reports on Markets Hub. DANIEL ROLAND/AFP/Getty Images.
.They also are a sign that struggling banks across Europe are preparing for a period of prolonged reliance on financial lifelines from the ECB. The Continent's intensifying financial crisis has made it difficult for many banks to obtain funding from customary market sources.
Some banks are exhausting their supplies of assets—such as European government bonds and certain types of asset-backed securities—that the ECB accepts as collateral and that the banks haven't already committed to other uses, according to bankers and analysts. Others are scrambling to stockpile such assets to comfort analysts and investors worried about the banks' abilities to weather a long-term freeze in bank-funding markets.
Meanwhile, signs of stress continued to bubble up in the European financial system. ECB purchases of Italian and other euro-zone government bonds on Wednesday largely failed to halt the selloff of struggling euro nations' debt.
And some European bank customers are balking at doing business with the banks. Norfolk Southern Corp. has decided not to use any European banks to refinance a credit line out of concern about the banks' future health, according to people familiar with the matter. The railroad company declined to comment.
To ensure that their access to ECB loans continues, the banks are entering into a variety of complex transactions with other financial institutions to come up with billions of euros worth of assets that they can pledge as collateral to secure ECB loans, according to bankers and industry officials.
Some regulators and bankers are worried. By transferring potentially risky assets among a wide range of institutions, the so-called liquidity swaps have the potential to "create a transmission mechanism by which systemic risk across the financial system may be exacerbated," the U.K.'s Financial Services Authority warned in a July consultation paper.
Last month, the Bank of England hosted a meeting for a small group of risk officers from major international banks. When the conversation touched on liquidity swaps, a number of executives, including a senior UBS AG executive, voiced similar concerns as the Financial Services Authority, according to people familiar with the matter.
The scramble for ECB-eligible collateral highlights the tenuous state of Europe's banking industry. Traditional sources of bank funding, including institutional investors and fellow banks, have largely fled amid concerns that many lenders are sitting on huge piles of risky government bonds and loans to shaky borrowers.
That has left a funding vacuum that a growing group of banks are filling with loans from the ECB.
In the increasingly popular liquidity swap, banks transfer illiquid assets such as non-investment-grade loans to corporations or to finance public-infrastructure projects—and which aren't eligible to serve as collateral for ECB loans—to investment banks or insurance companies.
In return, the investment banks or insurers provide government bonds or other liquid assets that the original bank can use as collateral to secure loans from the ECB. The investment banks apply a discount to the assets they are receiving—shielding them from some potential losses—and receive commissions on the trades.
Euro-zone peripheral bonds fell back after the European Central Bank stepped back into the market to provide support. But how long can the ECB continue doing this and will it continue working? And is it all too late for Greece?
.A number of French, Italian and other European banks, including bailed-out Franco-Belgian lender Dexia SA, recently have entered into such transactions, according to people familiar with the matter.
"It's a way to improve your liquidity and to get liquid some assets that are not liquid," said a senior Dexia executive, who says he has crafted billions of euros of such trades in recent months.
The Frankfurt-based central bank accepts a wide variety of assets as loan collateral, including European sovereign bonds, securities composed of mortgages and other assets, and "covered bonds" backed by loans and other assets on banks' balance sheets.
Partly to protect banks in Europe's periphery, ECB officials suspended rules that had confined the central bank to only accepting investment-grade government bonds. As a result, the ECB now holds junk-rated Greek, Irish and Portuguese bonds.
At the end of October, euro-zone banks had borrowed a total of nearly €600 billion ($811 billion) from the ECB, up from €495 billion at the start of the year, according to data from individual central banks. Among the biggest borrowers are banks in France and Italy, with each country's sector having borrowed a total of more than €100 billion at the end of September, up sharply from prior months.
The ECB's loans to banks have put its own balance sheet at risk, many analysts say. ECB officials insist their balance sheet is safe. The central bank has taken steps to protect itself, including doubling its capital base.
At giant French bank Crédit Agricole SA, executives said last week that they are taking measures to "rapidly increase" their holdings of assets that can be pledged as collateral. Among those actions are bundling together large numbers of mortgages and other loans into asset-backed securities that the ECB will accept, according to a person familiar with the matter.
Some executives are pleading with the ECB to accept a wider array of assets. "In the name of the smallest Italian banks, I will ask [the ECB] to look into the possibility to broaden access to ECB liquidity by expanding the type of collateral offered," UniCredit SpA Chief Executive Federico Ghizzoni told an Italian newspaper Wednesday.
For months, European banks have been pursuing innovative strategies to address their real or perceived collateral shortages. Several Greek banks, for example, recently issued government-backed bonds that analysts say are likely to serve as collateral for ECB borrowings.
The use of the swaps transactions is becoming increasingly prevalent, bankers say. "They are becoming more frequent because in this environment, you want to have additional insurance policies," said a top executive at a major European bank
EUROPE BUSINESS NEWSNOVEMBER 17, 2011.Banks Face Funding Stress
European Institutions Resort to Potentially Risky Swaps to Generate Liquidity
By DAVID ENRICH
LONDON—European banks, increasingly concerned about their ability to access funding, are devising complex and potentially risky new deals that enable them to continue borrowing from the European Central Bank.
The banks' moves, which include behind-the-scenes swapping of assets among financial institutions, could heighten risk across Europe's already fragile financial system, say some senior industry officials and regulators.
Europe's debt troubles spilled over to top-rated nations that had been largely untouched by the crisis-including Austria, the Netherlands, Finland and France-in an ominous sign for European policy makers, Matt Phillips reports on Markets Hub. DANIEL ROLAND/AFP/Getty Images.
.They also are a sign that struggling banks across Europe are preparing for a period of prolonged reliance on financial lifelines from the ECB. The Continent's intensifying financial crisis has made it difficult for many banks to obtain funding from customary market sources.
Some banks are exhausting their supplies of assets—such as European government bonds and certain types of asset-backed securities—that the ECB accepts as collateral and that the banks haven't already committed to other uses, according to bankers and analysts. Others are scrambling to stockpile such assets to comfort analysts and investors worried about the banks' abilities to weather a long-term freeze in bank-funding markets.
Meanwhile, signs of stress continued to bubble up in the European financial system. ECB purchases of Italian and other euro-zone government bonds on Wednesday largely failed to halt the selloff of struggling euro nations' debt.
And some European bank customers are balking at doing business with the banks. Norfolk Southern Corp. has decided not to use any European banks to refinance a credit line out of concern about the banks' future health, according to people familiar with the matter. The railroad company declined to comment.
To ensure that their access to ECB loans continues, the banks are entering into a variety of complex transactions with other financial institutions to come up with billions of euros worth of assets that they can pledge as collateral to secure ECB loans, according to bankers and industry officials.
Some regulators and bankers are worried. By transferring potentially risky assets among a wide range of institutions, the so-called liquidity swaps have the potential to "create a transmission mechanism by which systemic risk across the financial system may be exacerbated," the U.K.'s Financial Services Authority warned in a July consultation paper.
Last month, the Bank of England hosted a meeting for a small group of risk officers from major international banks. When the conversation touched on liquidity swaps, a number of executives, including a senior UBS AG executive, voiced similar concerns as the Financial Services Authority, according to people familiar with the matter.
The scramble for ECB-eligible collateral highlights the tenuous state of Europe's banking industry. Traditional sources of bank funding, including institutional investors and fellow banks, have largely fled amid concerns that many lenders are sitting on huge piles of risky government bonds and loans to shaky borrowers.
That has left a funding vacuum that a growing group of banks are filling with loans from the ECB.
In the increasingly popular liquidity swap, banks transfer illiquid assets such as non-investment-grade loans to corporations or to finance public-infrastructure projects—and which aren't eligible to serve as collateral for ECB loans—to investment banks or insurance companies.
In return, the investment banks or insurers provide government bonds or other liquid assets that the original bank can use as collateral to secure loans from the ECB. The investment banks apply a discount to the assets they are receiving—shielding them from some potential losses—and receive commissions on the trades.
Euro-zone peripheral bonds fell back after the European Central Bank stepped back into the market to provide support. But how long can the ECB continue doing this and will it continue working? And is it all too late for Greece?
.A number of French, Italian and other European banks, including bailed-out Franco-Belgian lender Dexia SA, recently have entered into such transactions, according to people familiar with the matter.
"It's a way to improve your liquidity and to get liquid some assets that are not liquid," said a senior Dexia executive, who says he has crafted billions of euros of such trades in recent months.
The Frankfurt-based central bank accepts a wide variety of assets as loan collateral, including European sovereign bonds, securities composed of mortgages and other assets, and "covered bonds" backed by loans and other assets on banks' balance sheets.
Partly to protect banks in Europe's periphery, ECB officials suspended rules that had confined the central bank to only accepting investment-grade government bonds. As a result, the ECB now holds junk-rated Greek, Irish and Portuguese bonds.
At the end of October, euro-zone banks had borrowed a total of nearly €600 billion ($811 billion) from the ECB, up from €495 billion at the start of the year, according to data from individual central banks. Among the biggest borrowers are banks in France and Italy, with each country's sector having borrowed a total of more than €100 billion at the end of September, up sharply from prior months.
The ECB's loans to banks have put its own balance sheet at risk, many analysts say. ECB officials insist their balance sheet is safe. The central bank has taken steps to protect itself, including doubling its capital base.
At giant French bank Crédit Agricole SA, executives said last week that they are taking measures to "rapidly increase" their holdings of assets that can be pledged as collateral. Among those actions are bundling together large numbers of mortgages and other loans into asset-backed securities that the ECB will accept, according to a person familiar with the matter.
Some executives are pleading with the ECB to accept a wider array of assets. "In the name of the smallest Italian banks, I will ask [the ECB] to look into the possibility to broaden access to ECB liquidity by expanding the type of collateral offered," UniCredit SpA Chief Executive Federico Ghizzoni told an Italian newspaper Wednesday.
For months, European banks have been pursuing innovative strategies to address their real or perceived collateral shortages. Several Greek banks, for example, recently issued government-backed bonds that analysts say are likely to serve as collateral for ECB borrowings.
The use of the swaps transactions is becoming increasingly prevalent, bankers say. "They are becoming more frequent because in this environment, you want to have additional insurance policies," said a top executive at a major European bank
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Re: Jueves 17/11/11 Inicio de casas
por admin » Jue Nov 17, 2011 7:02 am
Es por eso que Libor esta subiendo, hoy en 0.48%, malas noticias.
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Re: Jueves 17/11/11 Inicio de casas
por Arnold » Jue Nov 17, 2011 7:10 am
RESUMEN ECONÓMICO
El Poder Ejecutivo presentará al Congreso un proyecto de ley para mejorar la redistribución del canon minero entre las regiones del país, anunció el presidente Ollanta Humala. Afirmó que se necesita mejorar la ejecución del canon y su distribución porque no se puede partir al país en regiones ricas y pobres, y pueblos ricos y pobres, y por ello es importante el gravamen minero. (Leer más)
El presidente Ollanta Humala señaló que el gobierno “no aceptará ultimátum de nadie” pero aseguró que su gobierno tiene “disposición de diálogo y de aclarar con transparencia y humildad todas las dudas de las comunidades y la población”. Agregó que su gestión tiene “que proteger los recursos de las comunidades pero también las actividades productivas” y en ese sentido mencionó que “el proyecto Conga es importante para el Perú”. (Leer más)
Dubai Port World Callao debe iniciar la ejecución de la segunda etapa de inversiones en el Muelle Sur en 11 meses, es decir en setiembre del 2012, afirmó el presidente de la Autoridad Portuaria Nacional, Frank Boyle. “Estamos convencidos, al igual que Ositran, que DP World superó la tasa de ocupabilidad de esa primera fase de operaciones, lo que impulsa la segunda fase de inversiones en ese terminal”, explicó. (El Peruano)
El Perú pasó del quinto al primer puesto en el Índice de Clima Económico para América Latina, según la Fundación Getulio Vargas de Brasil y el instituto alemán IFO. Con ello, la calificación de Perú varió ligeramente de 6.1 a 6.2 puntos, mientras que Uruguay bajó a 5.9, Colombia a 5.5, Paraguay a 5.7, Argentina a 5.2, Ecuador a 5.0, Chile a 4.9, Brasil a 4.8, Bolivia a 4.1, México a 3.6 y Venezuela a 3.6. (Leer más)
El MTPE está trabajando en el diseño del Centro Nacional del Empleo Público, que se encargará de dirigir el proceso de formalización laboral en el Estado, señaló el titular del sector, Rudecindo Vega. Indicó que la entidad tendría como consigna optimizar los recursos laborales. “El Estado tiene 2 millones de trabajadores pero no cumple las leyes laborales, cuando debería dar el ejemplo al sector privado, por lo que se tiene que iniciar una reforma”, subrayó. (Leer más)
El gobierno señaló que la posible renovación de los contratos vencidos de telefonía móvil de Telefónica Movistar no estará condicionada a arreglar la deuda tributaria que la empresa tiene en disputa con la Sunat. “Mi sector tiene la pertinencia acerca de la renovación o no de los contratos de telefonía móvil; para esos efectos, estamos recabando los elementos de juicio técnicos y legales a fin de definir una posición acerca de la conveniencia de la renovación. Los temas tributarios no corresponden a mi sector y son manejados en otras instancias”, explicó Carlos Paredes, titular del MTC. (El Comercio, Gestión)
Durante el 2012 el consorcio IIRSA Norte hará una inversión adicional de US$61 millones en dos obras para reforzar las operaciones a lo largo de los 955 km de la carretera que administra y que une los puertos de Paita y Yurimaguas. Gibran Loor, director comercial de IIRSA Norte, informó que se ha propuesto al Ministerio de Transportes dos proyectos en ambos extremos de esta carretera donde se espera invertir US$29 millones y US$32 millones, respectivamente. (El Comercio)
RESUMEN POLÍTICO
El jefe de Estado señaló que el caso Chehade debe ser resuelto por el Congreso de la República, pues aclaró que de acuerdo con la Constitución el presidente no puede destituir al vicepresidente. "Es el Congreso el que tiene la facultad de desaforarlo o mantenerlo”, subrayó Humala. “Nosotros respetamos la ley y la Constitución. Que se prueben las cosas (las acusaciones). No vamos a entrar en especulaciones”, añadió. (Leer más)
El Ejecutivo creó una Comisión Multisectorial, de carácter temporal, que se encargará de emitir un informe que proponga el proyecto de reglamento de la Ley de Consulta Previa a los pueblos indígenas u originarios. El grupo deberá presentar la propuesta de reglamento dentro de los 60 días calendario, contados a partir de su instalación, la cual se llevaría a cabo en los siguientes días. (Leer más)
El Poder Ejecutivo presentará al Congreso un proyecto de ley para mejorar la redistribución del canon minero entre las regiones del país, anunció el presidente Ollanta Humala. Afirmó que se necesita mejorar la ejecución del canon y su distribución porque no se puede partir al país en regiones ricas y pobres, y pueblos ricos y pobres, y por ello es importante el gravamen minero. (Leer más)
El presidente Ollanta Humala señaló que el gobierno “no aceptará ultimátum de nadie” pero aseguró que su gobierno tiene “disposición de diálogo y de aclarar con transparencia y humildad todas las dudas de las comunidades y la población”. Agregó que su gestión tiene “que proteger los recursos de las comunidades pero también las actividades productivas” y en ese sentido mencionó que “el proyecto Conga es importante para el Perú”. (Leer más)
Dubai Port World Callao debe iniciar la ejecución de la segunda etapa de inversiones en el Muelle Sur en 11 meses, es decir en setiembre del 2012, afirmó el presidente de la Autoridad Portuaria Nacional, Frank Boyle. “Estamos convencidos, al igual que Ositran, que DP World superó la tasa de ocupabilidad de esa primera fase de operaciones, lo que impulsa la segunda fase de inversiones en ese terminal”, explicó. (El Peruano)
El Perú pasó del quinto al primer puesto en el Índice de Clima Económico para América Latina, según la Fundación Getulio Vargas de Brasil y el instituto alemán IFO. Con ello, la calificación de Perú varió ligeramente de 6.1 a 6.2 puntos, mientras que Uruguay bajó a 5.9, Colombia a 5.5, Paraguay a 5.7, Argentina a 5.2, Ecuador a 5.0, Chile a 4.9, Brasil a 4.8, Bolivia a 4.1, México a 3.6 y Venezuela a 3.6. (Leer más)
El MTPE está trabajando en el diseño del Centro Nacional del Empleo Público, que se encargará de dirigir el proceso de formalización laboral en el Estado, señaló el titular del sector, Rudecindo Vega. Indicó que la entidad tendría como consigna optimizar los recursos laborales. “El Estado tiene 2 millones de trabajadores pero no cumple las leyes laborales, cuando debería dar el ejemplo al sector privado, por lo que se tiene que iniciar una reforma”, subrayó. (Leer más)
El gobierno señaló que la posible renovación de los contratos vencidos de telefonía móvil de Telefónica Movistar no estará condicionada a arreglar la deuda tributaria que la empresa tiene en disputa con la Sunat. “Mi sector tiene la pertinencia acerca de la renovación o no de los contratos de telefonía móvil; para esos efectos, estamos recabando los elementos de juicio técnicos y legales a fin de definir una posición acerca de la conveniencia de la renovación. Los temas tributarios no corresponden a mi sector y son manejados en otras instancias”, explicó Carlos Paredes, titular del MTC. (El Comercio, Gestión)
Durante el 2012 el consorcio IIRSA Norte hará una inversión adicional de US$61 millones en dos obras para reforzar las operaciones a lo largo de los 955 km de la carretera que administra y que une los puertos de Paita y Yurimaguas. Gibran Loor, director comercial de IIRSA Norte, informó que se ha propuesto al Ministerio de Transportes dos proyectos en ambos extremos de esta carretera donde se espera invertir US$29 millones y US$32 millones, respectivamente. (El Comercio)
RESUMEN POLÍTICO
El jefe de Estado señaló que el caso Chehade debe ser resuelto por el Congreso de la República, pues aclaró que de acuerdo con la Constitución el presidente no puede destituir al vicepresidente. "Es el Congreso el que tiene la facultad de desaforarlo o mantenerlo”, subrayó Humala. “Nosotros respetamos la ley y la Constitución. Que se prueben las cosas (las acusaciones). No vamos a entrar en especulaciones”, añadió. (Leer más)
El Ejecutivo creó una Comisión Multisectorial, de carácter temporal, que se encargará de emitir un informe que proponga el proyecto de reglamento de la Ley de Consulta Previa a los pueblos indígenas u originarios. El grupo deberá presentar la propuesta de reglamento dentro de los 60 días calendario, contados a partir de su instalación, la cual se llevaría a cabo en los siguientes días. (Leer más)
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Re: Jueves 17/11/11 Inicio de casas
por Arnold » Jue Nov 17, 2011 7:13 am
Sobre la noticia de una posible compra proveniente de Polonia.......... con DNT no es la cosa. Me confirmaron esa info en la Expobolsa
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Re: Jueves 17/11/11 Inicio de casas
por jonibol » Jue Nov 17, 2011 7:16 am
A Joane Freez, de DNT, no la noté muy convencida de vender el proyecto a los polacos.
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Re: Jueves 17/11/11 Inicio de casas
por jonibol » Jue Nov 17, 2011 7:18 am
Muy bueno el artículo sobre las diferencias entre alemanes y franceses, y concuerdo contigo, estoy con los Deutch.
COn tantas visiones distintas, guerras pasadas, matanzas y demás ¿quién fue el LOCO que soñó con una comunidad única en Europa?
COn tantas visiones distintas, guerras pasadas, matanzas y demás ¿quién fue el LOCO que soñó con una comunidad única en Europa?
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Re: Jueves 17/11/11 Inicio de casas
por admin » Jue Nov 17, 2011 7:19 am
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EPU + 2.04%
BAP +0.47%
ERX -1.32%
EDC +0.52%
AAPL -0.41%
BVN -0.99%
EPU + 2.04%
BAP +0.47%
ERX -1.32%
EDC +0.52%
AAPL -0.41%
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