A valuable read.
RGE - We Shouldn’t be Surprised by Signs of an Early European Recovery
According to Eurostat, some food prices in Serbia are amongst the highest in the region, and are even higher than average prices in the EU.
Nonetheless, Eurostat, which monitors 36 countries, reported last month that only prices in Bulgaria, Albania and Bosnia and Herzegovina are lower than in Serbia.
GENEVA - Global
investors are expected to scale back their activities almost 30 per
cent overall in 2009, but a recovery should begin "slowly" next year,
the UN's trade development mission says.
Gold Bullion Securities (GOLD)The development of Gold Bullion Securities (ASX code GOLD) has been a joint initiative between Gold Bullion Limited and the World Gold Council. A GOLD security consists of a gold bullion share of nominal value and a beneficial interest in approximately 1/10th of one fine troy ounce of gold bullion held on trust for the holder of the security.
The gold is held in London vaults by a custodian. A trust deed establishes a separate trust for each holder of GOLD so that the holder is absolutely entitled to the gold bullion held in the vaults. Each time a holder transfers GOLD to a new holder, the beneficial interest in the gold bullion automatically transfers to the new holder.
Investors can buy GOLD securities on ASX or, if they have a minimum of $500,000 to invest, they can apply for new GOLD securities from Gold Bullion Limited. Likewise holders of GOLD securities can sell them on market, or (subject to certain conditions and fees applying) they may redeem them at any time for cash or in exchange for London Good Delivery bars.
Investors wishing to invest in the securities should familiarise themselves with full details of the investment contained in the prospectus issued by Gold Bullion Limited, including fees and conditions applying and the risk factors involved.
Prospective investors should also seek independent professional advice before making a decision to invest.
ROME - A
recovery of the world economy might occur three months earlier than had
been expected, at the beginning of next year, the head of the IMF said
Global Economic Outlook: Is a Recovery in Sight?
- According to the September 2009 report, the OECD now expects that
the global economic recovery will start earlier than previously
anticipated but growth will remain weak through 2010. The G7 is
expected to contract 3.7% in 2009 (better than the 4.1% contraction
expected in June 2009), based on an improved outlook in Japan and the
Euro area, a similar outlook for the U.S. and worse for the UK while
Canada will continue to experience negative growth until Q4 2009.
Emerging markets that had little exposure to the financial meltdown
like China have significant economic momentum.
Is Australia Approaching Escape Velocity Out of Recession?
- Australia extended its rebound with a 0.6% q/q, 0.6% y/y GDP growth
(seasonally adjusted) in Q2 2009, after missing a technical recession
by a hair (0.4% q/q, 0.4% y/y) in Q1 2009. This time, however, net exports declined and the country is still effectively in a recession, with unemployment rising, corporate profits
sliding (-7.8% q/q in Q2), GDP growth well below potential for the
fifth consecutive quarter, and income GDP down 1.5% q/q. Going forward,
the economic recovery will most likely remain muted by private sector deleveraging.
Global Manufacturing Now Expanding
- Manufacturing surveys suggest that global manufacturing activity
began expanding in August 2009 after climbing for many months due to
stimulus and inventory adjustment. Purchasing Managers Indexes from
some advanced economies like Japan rose above the 50 threshold in July indicating expansion, joining some emerging markets like China, India and Turkey which had risen above those levels earlier. The U.S., France and Brazil finally moved into expansion territory in August while the UK slipped back into overall contraction and countries in emerging Europe and Russia remain below the 50 threshold.