Undergone a procedure of bankruptcy American automobile company General Motors announced it would return to profit of its European Opel division to profit in 2012, reported the British radio BBC. Michigan manufacturer for this purpose will pour 1.9 billion to restructure Opel, which is three times more money than originally announced. Currently, GM has asked the European Commission, which allow the countries in which cars are produced by the mark, to grant guaranteed loans amounting to 2 billion euros. The amount is by 700 million euros less than the previous similar inquiry by the U.S. manufacturer. GM plans over the next 5 years to put 11 billion euros in the development of new models complement the British media. Only this year have provided the prime ministers of eight new models, a new next four. By the BBC noted that the increase in funds provided for Opel, might prove difficult political task.
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Tumult on stock markets in Asia and improving conditions for doing business in the region virtually doubled the number of billionaires in India, reported Reuters correspondent agency in Mumbai, referring to the list of magazine Forbes. In terms of growth in the stock market by 75 percent this year and GDP growth of 7 percent Indian billionaires from 27 in 2008 are already in this 52th. Leader in the leaves is the majority owner of the largest private company Reliance Industries Company Mukesh Ambani. His condition is calculated on $ 32 billion, second in the ranking is Lakshmi Mittal with $ 30 billion in three falls and honorary brother Mukesh – Anil Ambani, whose fortune is estimated at $ 17.5 billion. “Happy time for rich Indians with Evert,” said the editor of the Asian edition of Forbes Nazhin Caramel. According to him in 2009 showed that in terms of good financial markets and the rapidly developing Indian economy, the number of billionaires is growing significantly faster than in other countries with the same or even better conditions.
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The level of unemployment in Japan in July rose to 5.7 percent, which is the highest level since 1953 when it is launched and reporting of the indicator, forward Bloomberg, citing official statistics. The growth of unemployment exceed the forecasts of analysts who had expected it to rise to 5.5 percent after 5.4 percent in July. Highest level of people without permanent employment was in April 2005. The ratio of space to applications fell to 0.42, which means that for 42 seats have fought 100 candidates, which is also a record, the agency added. Companies from Toyota to Japan Airlines, continue to exempt staff, as well as outside of Japan. The country’s exports declined by 36.5 percent in July, which is ten consecutive decrease.
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The Sales of automobile company Ford Motor Co. increased by 2.3% in the U.S., which is the first growth from November 2007, Reuters transmitted from Detroit. This was possible thanks to the government’s program for upgrading cars. Due to its rapid depletion it was stopped. Account number is 165 279 sales in July brands all of Ford. For the same period in 2008 they were 161 530 units. Growth of 1.6% reported basic models and Lincoln Mercury, 158 to 838 pieces. Brenda Sales of Volvo, which the U.S. is owned by Ford, have increased by 25.7% to 6 441 units. Ford is the only American automobile manufacturer, which went through the procedure of bankruptcy to reorganize operations and has not received government funding.
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The value of purchases made with MasterCard in Europe with growth of 3 percent for the second quarter versus the same period last year. From April 1 to June 30, cardholders of the Old Continent have made 1.7 billion card payments with their MasterCard, including the Internet. At 30th June 2009, 196 million cards MasterCard (without the inclusion of the Maestro and Cirrus), were issued by financial institutions, customers of MasterCard, across Europe, which increased by 3.8 percent, compared with results for the second quarter of 2008. The European cardholders could use their MasterCard cards at 8.6 million locations in the region and 29.4 million locations worldwide, including online.
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The Swiss bank UBS announced losses of 1.4 billion Swiss francs (about 916 million) in the second quarter of the year, reported BBC. Although the reporting period, market conditions have improved economic environment in many areas of the bank remain in recession, marked by the credit institution. One of the main reasons for this negative result is the removal of assets from the division of the bank in the U.S. Sought comment on analysts believe that the net loss of UBS will be tripled by the end of the year. In turn, the bank announced that it will act very carefully and constantly monitor their prospects. “Overall, our forecast has not changed and is consistent with our view that economic recovery will be hampered because of low levels of lending and structural weaknesses of the consumer and government accounts, write to the shareholders of the bank president of UBS Osvald rough and President Board of Directors Viliger Caspar.
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The index of activity in services in the U.S. in June and rose more than expected on the market. The index of the Institute for supply management (ISM) on the activity in the service sector in the U.S. in May rose to 47.0 points, its highest level since 9 months. Consensus expectations were for the market increase to 46.0 points in May after the index reached 44.0 points. Lowest level of 37.4 points indicator for activity in the service sector, which forms about 80 percent of U.S. economic activity, was reached in November last year. If the value is below 50, the indicator points to slowing the rate of economic development. Auxiliary indicators for employment in the services sector in the U.S. in May rose by 43.4 points to 39.0 points in May.
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