Oil futures prices rose 0.5% after a private report showed shop sales rose 4.2% last week. S & P 500 Index rebounded to a level that has not been achieved since Lehman Brothers Holdings Inc posted the biggest bankruptcy in September 2008. “Spending the holidays seem to remain high, thereby increasing optimism about the economy next year,” said Michael Lynch, president of Energy & Economic Strategic Research in Winchester, Massachusetts. “Prices continue to rise due to the possibility of an early anticipation of the tightening.” ? ? Crude oil for February delivery rose 45 cents to U.S. $ 89.82 per barrel on the New York Mercantile Exchange, the highest contract price since October 7, 2008. Oil prices have gone up 13% this year. Price of Brent crude oil for February delivery closed up 46 cents, or 0.5% to U.S. $ 93.20 per barrel in late trading yesterday on ICE Futures Europe exchange based in London. This is the highest contract price since October 1, 2008. Contract price of oil rose after the American Petroleum Institute reported at 16:30 that U.S. crude supplies fell 5.8 million barrels to 342 million last week. Oil prices for February delivery rose 62 cents, or 0.7% to U.S. $ 89.99 per barrel in electronic trading at 16:34. Sales of stores in some U.S. retail recorded the highest increase for the holiday period, according to the index of retail sales are released on Monday by the International Council of Shopping Centers, based in New York and Goldman Sachs Group Inc. Retail sales during the holidays is a key economic indicators in the U.S., country users The world’s largest oil.

South Korea’s central bank (Bank of Korea / BOK) will not change the projected benchmark rate that has survived for 15 months to anticipate the impact of the credit crisis in Europe.

South Korean government assess the ongoing economic recovery has not been strongly denied the increase in borrowing costs. In addition the European central bank rate crisis can spur an increase borrowing costs. South Korean benchmark interest rate unchanged since February 2010.

A total of 12 economists in a Bloomberg News survey said Governor Kim Choong Soo and Bok board members will maintain the repurchase rate a duration of 7 days in the lowest level in history, at 2% in the meeting tomorrow.

South Korean currency rose nearly 10% during the last 12 months and on May 9 approved the policy makers to act to prevent a tightening of supervision and the European crisis to economic recovery if needed.

South Korean President Lee Myung Bak predicts gross domestic product (GDP) of countries that grow above 5% in 2010. He made the economic growth and opening up new employment as a policy priority in the election next month.

“Interest rate policy this week would be the situation of the Greeks and the elections in June. Economic recovery is still needed to be strengthened and inflation remained low,” said Lee Sang Jae, Chief Economist, the Hyundai Securities Co…

Gold prices set records again in India. This one commodity prices continued to strengthen and seemed more firmly established in the above USD 1.300 per ounce.

Based on the data of the yahoo finance on Tuesday (09/28/2010), the price of gold back hit the high record. This time the price of gold rose up to USD 1.306, 6 per ounce, where the daily trading range is at 0.6 to 3 .401, 5 USD1.235 per ounce.

Meanwhile, quoted by Reuters on Wednesday (29/09/2010), gold in the spot market price immediately jumped to a new record at USD1.310, 10 per ounce. The price increase is also directly boosting the performance of energy sector stocks and commodities.

According Valbury securities, on the previous trading day, Monday, gold was also recorded to record high level of USD 1.300 per ounce. Gold was also always recorded a rise for two consecutive weeks, although was hampered by the strengthening U.S. dollar.

Where’s Spot gold was at the level of USD 1.297, 30 per ounce at 1:19 pm, after reaching a peak level of USD1.300 per ounce, up from levels at the close of the New York USD1.295.60 last Friday.

Gold prices touched a record high in the record of USD1.266, 50 per ounce on June 21 and reached its highest level. For gold trade cautioned that increasingly fell, investors started to restrict demand this precious metal, as a medium-term savings instruments.

“The price of gold back corrected, although the trade in Asia is falling prices,” said Executive Director of ABN Amro Bank, NV Wallace Ng.

On the other hand, the euro managed to rise above USD1, 29 for the first time since May related to a Spanish request to cut the bonds concern over the possibility could not overcome the deficit. A number of investors had to sell euros and buy dollars and gold as an investment during the height of European concerns about the debt crisis may be reversed.

Japanese and Australian Stock Exchange corrected quite sharply as investors seemed to cut exposure in the stock market and the euro depreciated against the U.S. dollar (U.S.).

Tokyo Stock Exchange today plunged 2.04 percent return, the Australian stock exchange fell 1.44 percent, the Shanghai stock exchange fell 1.02 percent, Taiwan’s stock exchange falling by 1.03 percent, the Seoul stock exchange fell 0.71 percent, 1.08 percent of India’s market slump, and the Singapore stock exchange fell 0.53 percent.

Bleak U.S. economic data Wednesday again raises concerns about the possibility of a second global economic crisis.

And today the data of China on June manufacturing index also fell to 52.1 yesterday compared to the position in May amounted to 53.9, thus strengthening the suspicion that the State economy will also slow down the Bamboo Curtain.

“The deterioration of China’s economic data adds to fears of a global crisis amid uncertainty over both Europe and the U.S. economy,” said Park Seok-hyun, an analyst of KTB Securities.

Statement from the Bureau of Statistics of China that export demand is still increasing but slow down with the grim prospect helped trigger the collapse of regional exchanges.

The blue-chip stock index Dow Jones Industrial Average fell 113.96 points (1.05 percent) to 10782.95 at close of trading.

The technology-heavy NASDAQ composite index lost 30.66 share points (1.26 percent) at 2394.36 while the broader market index Standard & Poor `s 500 lost 14.23 points (1.21 percent) to 1157.44.

Before the action to sell in late trading, and after logging off for the past week, the stock hovering in or around the red for most of Thursday.

“Stocks spent much of the session stuck in negative territory with moderate losses, but the sellers intensify their efforts in the last action,” Briefing.com analysts said in a client note.

“The atmosphere for relatively warm most of the session as buyers took a break after they sent the stock market rose more than five percent higher during the three previous sessions,” said the analysts.

Because many of the markets closed, the news just dripping from the Greek that an explosive device exploded outside a maximum-security prison near Athens on Thursday injuring one person.

This country has recently become a strong protest on the steps more closely related to the bailout (the bailout) of the European Union-International Monetary Fund.

U.S. stocks had soared Wednesday amid a favorable U.S. economic data and positive news in Europe, even continent is fighting with the debt crisis.

Stock markets beginning to peel a small portion of the gain on Wednesday amid reports indicate a variety of jobs that new claims for unemployment insurance benefits fell last week for the fourth time in succession.

But the report also reaffirms the slow economic recovery.

Labor Department said initial jobless claims amounting to 444 000 in the week ended May 8 4000 figure revised down from the previous week around 448 000.

“The labor market is gradually recovered as the business grows more confident and slow the rate of reduction in salary,” said Andrew Gledhill of Moody `s Economy.com.

Cisco Systems shares fell 4.53 percent to 25.53 dollars even though this computer networking giant posted quarterly results better than expected on Wednesday.

Manufacturer of switches and routers for Internet and wireless networks based in San Jose, California, said net profit rose 62.6 percent in the third quarter to 2.2 billion dollars.

Banking shares also fell with Bank of America fell 1.17 percent to 16.87 dollars and Citigroup slid 2.15 percent to 4.09 dollars.

Bonds rose. Bond yields on U.S. Treasury 10-year fell to 3.564 percent from 3.567 percent on Wednesday, and the 30-year Treasury bond slumped to 4.461 percent from 4.473 percent.

“Ministry of Finance has been discussing the details, implementation, and policy changes with relevant parties, including the nearly 100 companies,” Mr. Rudd said in an interview on Australian Broadcasting Corp. radio today.

Yesterday the Australian Finance Minister Wayne Swan released the projected budget surplus target in 2012 and 2013, including a surplus of tax revenue with the new policy.

Meanwhile, BHP Billiton Ltd. and Rio Tinto Ltd., the largest mining company first and third in the world, said the profit tax rates which became effective in 2012 it will damage investment and limit the growth of employment in that industry.

Rudd will be following the upcoming elections in 11 months. He suggests raising taxes on mining policy, which was launched on May 2 is a response to changes in the tax system 10 years Finance Minister Ken Henry.

She added that the policy will provide for the equitable sharing of employers in the mining sector, and the Australian people. The mining sector contributes an average of 9% to the gross domestic product (GDP) in Australia per year.

Tax revenue, he explained, will be used to construct roads, railways, and ports, fund deficit caused by corporate tax cuts, and cash assistance to low-income workers to increase retirement savings.

The 600 workers will also be eliminated derived from consumer bank division, headquartered in the UK as a source disclosed yesterday by Bloomberg. Bloomberg noted RBS has cut about 26,000 workers or 12% of all staff throughout 2008 until last week.

Bank policy to some extent influenced by the European Union in terms of selling its insurance unit more than 300 bank branches as a consequence of government assistance.

“This is a deep disappointment to see more unemployment continuing at this time. We currently anticipate that the unemployment total reached 500 people printed in Edinburgh and Glasgow in Scotland, “said Scotland Finance Secretaries John Swinney in a statement earlier this week.

RBS share price which is the recipient company bailouts (bailout) the world’s largest rose 14% to 51.75 pence (decimal unit of currency of pounds). The raised push the RBS market value to 30 billion pounds. Its shares climbed 77% this year. RBS is the only UK bank that does not print the net income in the first quarter of this year.

This company is actually loss of 28 billion pounds in the last two years after the acquisition of ABN Amro Holding NV. As for RBS insurance unit also printed 50 million pounds of losses of 76 million pounds profit in the beginning of the year as quarterly reports on last week.

China’s central bank today reported the value of Yuan is not traded up 0.2%. This indicates the government will change the standard range of Yuan against U.S. dollar and let the local currency increased by 2.4% next year.

Sheng Laiyun, China Statistics Bureau spokesman said April inflation is strong enough, is not affected by the price abroad. However, a majority-based food and housing prices in the country, as well as the influence of liquidity costs and commodity prices.

Sheng add credit crisis in Europe the possibility of expanding in the region even though the government has launched a rescue plan, the financial system earlier this week. EU policies will affect export demand.

China’s government tries to manage inflation during the year amounted to 3% and prevent the bigger asset value. This is because the efforts to generate economic growth turns out to direct credit to a record high in history.

China’s statistics bureau report consumer price index rose 2.8% during April compared to the same period the previous year, or the fastest pace since the last 18 months, while property values rose 12.8%.

Joachim resignation from his position now appears one year earlier than the expiry of its term in Indonesia, namely in July 2011. Chief Representative of the World Bank in a member state has a term of office for four years. World Bank executive has headed the Nationality German World Bank representative office in Jakarta since July 2007.

“I offered to take a new job in Washington starting in July 2010,” he told Business.

Joachim describes himself received and accepted an offer of new positions higher up in the World Bank headquarters in Washington DC, USA named as Vice President of World Bank Operational Policy field.

According to him, his appointment to his new position was announced internally in April 2010 and had nothing to do with the election of Sri Mulyani Indrawati, Minister of Financial Affairs, as Executive Director of the multilateral development banks.

“It [the appointment of Joachim as Vice President for Operations Policy and Sri Mulyani as Managing Director] is only coincidental. Until now there is no candidate for my replacement, “he added.

Joachim made his debut at the World Bank since 1993 as an economic expert sectoral area of environmental management, urban and rural areas with temporary placements in Argentina, Chile, and Paraguay, Latin America and Caribbean region, and Egypt.

Before you head the World Bank representative office in Jakarta, who was born 46 years ago holds the position as head of the World Bank representative office in the Philippines for the period 2004-2007. The holder of a PhD degree in the field of Finance and Economic Policy at the University of British Columbia, Vancouver, Canada also had served as the country economist in Brazil, and later became chief economist for Brazil at World Bank headquarters.

During his period in Indonesia, between policy breakthroughs ever he made are the encouragement standby loan initiative (standby loan) to the Government of Indonesia for U.S. $ 2 billion, the synchronization of the World Bank Country Partnership Strategy 2009-2012 with the National Medium Term Development Plan (RPJMN) 2010-2014.