Brent remain close to $ 111 after positive Chinese data

Brent crude remained near $ 111 a barrel on Thursday, as the Chinese economy showed new signs of recovery, boosting oil demand forecasts, though gains were expected for the ore is limited because the truce in the Gaza Strip eased concerns about supplies.

The accelerated growth of the manufacturing sector huge in China in November for the first time in 13 months, and oil prices were supported also by a sudden drop in U.S. crude stocks.

The fall in the price of Brent crude 32 cents to $ 110.54 a barrel by 0718 GMT, after rising earlier to $ 111.17.

The U.S. light crude rose 11 cents to 87.49 dollars a barrel, supported by lower by 1.47 million barrels in domestic crude stocks last week despite analysts' forecasts, up 900 thousand barrels stocks.

Said Tony Nunan, risk manager at Mitsubishi Corp, "I'm surprised because the price of Brent is very high, and that there are many predictions that every weakness witnessed by China will end with the new leadership took responsibility but it seems they are not in a hurry to use a strong stimulus.

Euro rises to highest level in 3 weeks against the dollar

The euro extended gains to its highest level in three weeks against the dollar on Thursday, amid expectations of reaching an agreement to finance Greece and after data on the index of purchasing managers in the euro zone was not as bad as had been expected.

The euro rose to $ 1.28840 on electronic trading platform. Pei. Feed to its highest level in three weeks, up 0.4% from the previous session.

Russia reveals huge secret reserves of diamonds meet global requirements throughout 3000

Revealed Russia, Tuesday, all the mystery remained its reserves since the seventies of the last century, a "secret Massey" in every sense of the word, and shortening of the reserves size trillions of carats diamonds rare fall asleep under the nozzle most recently bumping an asteroid before 35 million years, a enough to meet the diverse needs of the world of diamonds for more than 3000 years.

Asteroid who came all the breath of life in Eastern Siberia latest where diameter hole 99 kilometers and stayed without a study, that scientists began "Institute Novosibirsk of Geology and Mineralogy," studied 50 years ago almost, and named it Popigai Astroblem famous, and discovered beneath reserves astronomical of diamonds Nader is completely unknown.

We hide the Soviet Union on "News Diamond" did not allow extraction of only carats specific studies and tests that proved them to MAS "Bobegay" stronger than double any diamond known in the market, making it ideal for industrial uses and scientific, which is kind of formed raw materials from bumping asteroid a field of diamonds already exists on the ground and at high speed.

And the statement issued by Nikolai Buquelenko, director of "Institute Novosibirsk" geological, that could precautions field diamond old - new influence on the type of movement markets world diamond "Although the main customers for this type of diamond harsh are the companies and scientific institutes," he said.
Nikolai said that diamonds present in the field, "ten times larger than all of the world's reserves at the same time", pointing out that it "trillions Alkirarat" according to his assertion, which means that Massa in Cedar wealth tonnes to Russia billions each year.

As Gennady Nikitin, a deputy director of the "Institute of sapphire diamond Nyibrom" Russian also, Vnnbh that the new discovery could affect diamond prices, "but we do not know how prices will be in the market if it entered sparklers superior rigidity," according to his assertion.

83.2 billion the volume of trade in agricultural products between China and the Arab countries

Chinese official said that the volume of bilateral trade in agricultural products with the Arab countries amounted to 83.2 billion dollars, up 1.10% year-on-year, in 2011.

Zhu C Shi, delegate Department of International Cooperation, Ministry of Agriculture of China, said China exported agricultural products to the Arab countries up to $ 37.2 billion, up 8.10% year on year, while imports from the Arab countries with a value of $ 460 million, up 7% year on year .

Thus becoming the Arab countries the seventh largest trading partner of China, while China has become the second largest trading partner of the Arab countries.

Zhu, conference agricultural cooperation Chinese - Arab on the sidelines of economic and trade forum China-Arab third currently held in the Ningxia Autonomous Hui in northwest China, said that bilateral cooperation has witnessed steady progress in terms of the types of agricultural products and technological cooperation and exchanges of human resources.

He added that the agricultural cooperation between China and the Arab countries is the development trend prevailing between the two sides, hoping the two sides to increase cooperation and exchanges in the traditional trade in agricultural products and trade in agricultural products distinctive

Agreement Europe European shares lifted to its highest level in 7 weeks

European stocks closed at their highest level in seven weeks yesterday, Friday, after European leaders adopted new measures to address the debt crisis of the region, which enhanced the major stock indexes and the banking sector.


But many doubt the continuation of this rally because of uncertainty surrounding how to implement some of the proposals approved by the European Union Summit, on Friday, such as helping troubled banks and intervene in bond markets.


The FTSEurofirst 300 of top European shares was up 2.64% at 1021.39 points, its highest closing level since the record of 1022.52 points on May 11, jumped EURO STOXX 50 index of leading shares of 4.96% to 2264.72 points.


Ion said Marc Valaho fund manager at Investec Claire, "I sell at this time, there are still many obstacles. I prefer to be in safety," and added that he sold some of its centers in the stock indices, Italian, French and German.


In parts of Europe Index FTSE 100 was 1.4% and the CAC 40 index jumped 4.75% French and the German DAX index 4.3%.

Gold jumped 3.5%, surpassing the $ 1600 after the agreement of European

Gold rose 3.5%, surpassing the $ 1600 an ounce on Friday, with gains increasing crude oil and U.S. stocks due to economic optimism after the agreement of EU Member States to help the distressed.


The total gold in the spot market of $ 1602.90 an ounce, up 3.3% from the previous meeting.

Census: 2.8% inflation rate in Russia during the first half of 2012

Said the Russian Federal Statistics Authority, that the rate of inflation reached 8.2% since the beginning of the year and until the twenty fifth of June.


The Russian Bureau of Statistics, to the same period of last year has seen a rise in consumer prices increased by 9.4%.


The Ministry of Russian economic development, that the growth of consumer prices for the current year will arrive in less than 6%, compared with 1.6% in 2011.

High profits of the BMW by 18% in the first quarter of the year

Co said, "BMW AG", said net profit rose by 18%, to 1.35 billion euros (1.77 billion dollars) in the first quarter of this year compared to the same quarter of last year, due to the sales force made ​​by the company in the United States and China, and revenues rose by 14% to 18.29 billion dollars.

Did not increase the demand for the German company for a car in the company's main markets in Europe, because of the debt crisis and slow economic growth.

The company said on Thursday, said its sales jumped by 36% in China, where sales more than it did the main U.S. market, and increased car sales company in the United States increased by 16%.

One reason for high sales performance for the new SUV X-3, and X-5 series sedan - 7.

Industrial products price index recorded a rise in European Union countries.

Price index of industrial products increased by 5.0% in the euro area and by 6.0% in the countries of the European Union of 27, during the month of March compared to February for the same year, according to a report issued Thursday by the Bureau of Statistics at Eurostat, the European Union.

The report also pointed out that these prices had risen by 6.0% in the euro area and by 9.0% in the EU countries in February 2012.

The statistics of this indicator to rise by 3.3% in the euro area during the month of March 2012, compared to the same month in 2011 and by 8.3% in the EC 27 for the same period.

Tokyo Stock Exchange closed on public holiday

Announced that the Tokyo Stock Exchange closing on Thursday and Friday a public holiday.

The benchmark Nikkei ‭ N225 ‬ record of Japanese shares rose 0.3% to 9380.25 points at close on Wednesday, while the Topix index jumped ‭ TOPX broader 0.4%, recording 792.87 points.

Euro stabilized by Spanish bonds auction and a meeting of Central European

Euro was steady against the dollar on Thursday, offsetting some of the sharp losses incurred by the previous session, but it is still likely to decline by the decision of the European Central interest and an auction of Spanish bonds are expected to show concern over the markets on the economic problems of Spain.

Prior to the meeting of the Central Bank in Barcelona, ​​Spain will sell bonds for three to five years amounting to 2.5 billion euros in the first test of investor appetite since the country's slide into recession and cut its credit rating.

The euro was steady around in the latest treatment at 1.3153 dollars to hovering near its lowest level in ten days of the record of $ 1.3121 on Wednesday, following the weaker than expected data for the manufacturing sector in the euro zone and the high unemployment figures.

The pressure on the euro to rise in the dollar index to 79.150, away from the lowest level in two months of $ 78.603, which struck on Tuesday, against the Japanese currency and the dollar rose 0.1% to 80.24 yen, its lowest level in over ten months, which struck on Tuesday at 79.64 yen.

The New Zealand dollar fell after a jump in the unemployment rate of local registered U.S. $ 0.8040, its lowest level since late January, and in the most recent treatment of the New Zealand dollar fell 0.7% from the previous close to 0.8049 U.S. dollars.

America shares settle at open after unemployment data

U.S. stocks stabilized at the open on Thursday, after having exceeded the number of U.S. jobless claims forecasts, in another sign of slowing economic growth.

The Dow Jones industrial ‪ DJI ‬ for the DJI 10.98 points, or 0.08 percent to 13079.74 points, and got the S & P 500 ‪ SPX ‬ broader 3.11 points, or 0.22% to 1387.58 points.

The Nasdaq Composite Index ‪ IXIC ‬ laced technology companies 1.22 points, or 0.04% to 3028.41 points.

Barclays profit growth resurgence backed by investment activities

Barclays Bank has achieved a growth rate of 22% in first quarter earnings exceeding the expectations of the market, rather than as a strong recovery of the investment banking revenues and lower bad debts rise in compensation following the irregularities in the sale of insurance policies.

The British bank announced today, Thursday, adjusted profit before tax of $ 2.45 billion pounds (3.94 billion dollars) in the three months to the end of March, up from £ two billion a year earlier, exceeding the average forecast of two billion pounds in a survey of analysts conducted by the bank.

Revenues for Barclays Capital, a unit investment activities that contribute to the greatest extent in the bank's profits to 3.46 billion pounds, up 3% from the fourth quarter of last year and exceeding the expectations that the average of £ 3.36 billion.

The decline in income from trading securities as a result the debt crisis of the euro area has received from the profits of Barclays in 2011, prompting the chief executive Bob Diamond to delay the goal of achieving a return on investment of 13% set by less than a year.

Turkey launches campaign to explore for oil and gas off the North Cyprus

Turkish oil company launched a public (or T-PAP) on Thursday, a campaign to explore for oil and gas off the north of Cyprus after Greek Cypriots discovered a huge gas field south of the island.


And inaugurated the Turkish Energy Minister Taner Yildiz and "President of the Republic of North Cyprus Turkish" (declared by one, which is recognized only by Ankara) Dervis Eroglu, the first well to drill near the city of Askily, where will be the company's exploration operations at a depth of three thousand square meters in four months.


He said Yildiz, "attach great importance to this work, not only as it relates to the extraction of oil and gas but also because they were of strategic importance," but he pointed out that the chances were slim to find a field of campaign exploration first, adding, "We have no ambitions of any land and the country and the freedom or the rule of one, but we We will not allow anyone to attack our rights and robbed us. "


The exploration campaign comes after the company discovered that the American Nobel in charge of the Greek Cypriot government in 2001, a field can contain up to 224 billion cubic meters of natural gas off the southern coast of the island.

Renault signs deal with Chinese company Donfonj for the manufacture of electric cars

Renault signed a deal with Chinese company Donfonj, to create a joint venture to manufacture electric cars and vehicles (SUV), and this is what has been agreed upon between the two companies last month.

And this deal is a step forward for Renault to manufacture cars in emerging markets to be able to compete with other European firms, such as Volkswagen, will be the final agreement between the two companies at the end of this year after waiting for final approval of cried.

Renault is seeking to increase its market share in China, which amounted to 24 in sales last year, Renault is also considering opportunities for industrial cooperation with China Donfonj with its joint with Nissan.

Low market shares of General Motors in the first quarter of the year

The Web site Otto Onsider that stock market capitalization of General Motors declined in the United States in the first quarter of this year to 17.5%, which is the largest percentage decline since several years, knowing that the stock market for GM was 19.6% in the past year, while it reached 28.1% in 2001 and some analysts are likely to decline due to the reasons that the company is in transition.

On the other hand, analysts expect high sales of the company in the second half of this year, given the results of supervising the company's achievements in the month of March.
He also stressed Morgan Stanley that GM has a plan to develop their products in the coming period, including increasing retail sales and increase its share in the manufacture of small cars, which has become a large percentage of sales.

Weak growth in industrial production to India in January and February

India said, The growth of industrial production in February was weaker than expected, and that the result of wildly overestimated the size of the production month of January.

And increase data released on Thursday, fear of failure to achieve India's economic growth prospects and increase the pressure on the central bank to cut interest rates when it meets next week.

The government says, the industrial output value in January grew 1.1% from a year ago, which is much lower than the initial estimates, which predicted the growth rate to reach 6.8%.

Came the growth rate in February, far from expectations, reaching 4.1%.

Tend to increase the performance of the Egyptian certificates of deposit in the London Stock Exchange

Dominated high performance certificates of deposit Egyptian Stock Exchange of London, on Thursday, rose certificates Foundation Hermes Holding by 05.12%, to $ 50.4 dollars, rose certificates Orascom Construction increased by 41.3% to 88.41 dollars.

Rose as well as certificates of Orascom Telecom rose 70.2% to 95.2 dollars, on the other hand decreased certificates of Commercial International Bank rose 95.1% to 02.4 dollars.

"Sony" Japan announces that it will eliminate ten thousand jobs

Japanese company Sony announced that it will be canceled ten thousand jobs, equivalent to 6% of their labor force in the world during the next two years, and improve the performance of television production sector has, which is suffering from losses in an effort to return to profit.




Kazuo Hirai and reviewed, company president and chief executive of the new strategy work on Thursday, during a press conference during which pledged to revive the market leader in the field of electronics and entertainment industry.


Said Hirai, who took over the leadership of the institution giant successor to British-born Howard Stringer earlier this month, the choices and painful decisions to be taken to the survival and growth of Sony, we will have to implement those decisions, but without achieving this we can not change the Sony.


Earlier this week, Sony raised the average losses are expected to more than double the previous figure to reach 520 billion yen or $ 6.4 billion, the worst margin of loss suffered by the company at all.




Hirai said, will Sony pays homage to the production sector has a television, which was groaning under the weight losses for the past eight years, to return to profitability by March 2014, through cost-cutting plan.


Hirai and justified tendency to keep his organization sector loser, that television is the most important product offers to customers of all forms of content and that he wants to maintain the company's convictions on the basis of it, which means that the television is located in the living room of an original Sony product.


Was Sony, which amplified its activities and its business to include the production of digital cameras, computers and personal video game consoles, and even the production of films such as "Smirvs" (Alsnavr), subjected to painful blows by competitors such as "Apple Inc." and "Samsung Electronics Corp.".

The high inflation rate in China's 3.6% in March during the year

Announced the National Bureau of Statistics, said on Monday that the consumer price index rose by 3.6% during the year in March, up from 3.2% in February.

Analysts had predicted, according to Dow Jones and the newspaper "Chaana Business News," Chinese economic, with the price index rising by 3.3% in March against the backdrop of slowing growth.

And inflation linked mainly by rising food prices, which increased by 7.5% during the year and affect particularly on the poor of the community, as well as fuel and auto parts, which have increased their prices by 7.6%, and the price index during the first quarter of 2012 increased by 3.8% according to the Office National Bureau of Statistics.

Whereas the consumer price index rose slightly compared to its level in February, which was the lowest in 20 months, prices have dropped production, which constitutes an indicator of inflation next with 0.3% in March, and a slowdown in inflation is a precondition for the Chinese government to ease restrictions on monetary policy within the framework of a slowdown growth.

According to analysts in Chaana Business News, the gross domestic product of the second economy in the world increased by 8.4% during the year in the first quarter of the year compared to 8.9% during the previous quarter and is expected to be published Friday official figure for growth in the first quarter of the year.