Bp Oil Spill April 30
bp oil spill april 30
Panic euro bank resists
Red Alert. There were three "witches", a name given the maturity of three days in the future the main match, there are now three witches, known as the day on which banks are facing their (d) The objectives Dominique Strauss-Kahn, Managing Director IMF, Jean-Claude Trichet, ECB president, Christian Noyer and the French chief BdF … These three – no – you want to make sure that after the sharp decline in the share United States and Europe, including in Paris the CAC 40, which has lost more than 4%. On behalf of the Coue method, the European Central Bank has also hammered the banking system will not be affected by the maturity of the outstanding loan on Thursday € 442 000 000 000 last year received more than 1,100 banks trade. The Governor of the Bank of France, meanwhile, says that banks are able to repay loans. As a member of the ECB Governing Council, which also added that "we make sure that there is no problem and everything is fine. He also took note of market participants, the ECB offers banks unlimited funds for three months, while the feared collapse as feared, it can not happen … Since its U.S. position DSK has also addressed the markets. The IMF chief said that "recovery will continue and there will be no recession double-dip. 'It is true that bad indicators published recently in China and the United Kingdom Member States have raised fears of a slowing overall economic growth. Pending the opening of trade, the euro was slightly Wednesday morning at $ 1.2213 against the euro, after falling to $ 1.2152 the previous day, its lowest level since June 1914 Note that, since the yen, the euro has also resumed on Tuesday after falling ¥ 107.32 to its lowest level since November 15 May 2001. As the Chinese currency yuan ended at 6.7977 yuan to one U.S. dollar against 6.7959 yuan on Monday. …
The posted price of oil fell sharply Tuesday in New York at $ 75, in a market concerned about the growth of the Chinese economy. As to "Alex" went from tropical storm to a hurricane Tuesday night, the first of the Atlantic season, which forced BP to reduce its oil recovery operations in the Gulf of Mexico, where the United States the use of the assistance offered by the twelve countries in the fight against the oil spill.
CHANGES: controlled removal. The euro fell sharply against the dollar United States yen on Tuesday and in a context of worries over financial markets on the strength of the recovery of the global economy, prompting investors to shelter assets.
Around 2100 GMT (2300 Paris) The euro stood at $ 1.2186 against $ 1.2276 on Monday after a fall during the day at $ 1.2152, its lowest level since June 14 against the yen, the euro fell to 107.93 yen 109.68 yen contras also on Monday, falling 107.32 yen even at its lowest level since November 15 May 2001. The dollar also fell against the yen at 88.57 yen from 89.35 yen Monday. Around 2100 GMT, also, Sterling gained ground against the euro at 80.86 pence per euro, after touching 80.67 pence, its strongest level since November 7, 2008. The book, however, lost ground against the dollar at $ 1.5067.
Read: "The dollar remains a barometer of safe-haven," said Jessica Hovers, the brokerage firm MF Global. "Despite the huge federal deficit and the slowdown (the U.S.) is supported by the interest in blue chip stocks. "The market does not evolve according to the fundamental (economic), but according to investor appetite for risk, "he added.
The dollar has suffered a wave of anxiety generalized global recovery, which reduced global stock markets, and increased U.S. government bonds, securities safe haven to new heights. Market Confidence Financial has been "shaken by renewed concerns regarding the growth of China, which could be slower than expected," said Jane Foley, analyst at Forex.com
The Conference Board Economic revised downward its composite index on the growth prospects of China in April, reduced 0.3% against an initial estimate of 1.7%.
"China is the main engine of the global recovery and the loss of confidence question "said Derek Halpenny week, senior analyst at Bank of Tokyo Mitsubishi, in particular" concerns about growth in China next when the European Central Bank (ECB) held its financing operation one year to expire on Thursday. "
More than a thousand banks Euro area must now pay a total of € 442 000 000 000 to the ECB and the market showed "very nervous" before the key date for the European financial sector said Ms. Hovers.
U.S. News did not reassure the consumer confidence index from the Conference Board fell to 52.9 points its lowest level since March.
OIL controlled removal. Oil prices fell Tuesday in the first exchanges in New York, in a market concerned about the growth of Chinese economy. Around 1:10 am GMT on the New York Mercantile Exchange (Nymex), a barrel of light sweet crude for August delivery traded at $ 75.71, down $ 2.54 during the previous day.
Read: "The market shows concern for growth in China, "said Phil Flynn of PFG Best investigation." Some evidence suggests that it begins to decrease. The Exchange Shanghai fell 4.27% Tuesday after downgrade The Conference Board's composite index for China to 0.3% in April, against an initial estimate 1.7%. Another source of concern, the Agricultural Bank (AGBANK) which should make public, set a price lower than expected introduction of Shanghai, said traders. China should focus on two thirds of the growth in energy demand in the next decade, making the oil market very sensitive to any sign of slowdown in the country.
The course continues its downward trend began Monday after have skipped the weekend as Tropical Storm Alex approached the Gulf of Mexico. Alex generated winds of 110 km / h, depending on the weather service United States, which they believe should become a hurricane on Tuesday. However, "it is now clear that Alex does not seriously stop production of the Gulf of Mexico," said Phil Flynn. Oil Spill Cleanup BP can be a bit slow, but in general, which could have been worse. "Some oil companies evacuated staff from some of its platforms in the Gulf as a precautionary measure, but the storm should stay away most areas of hydrocarbon production. "The short term effects of an active hurricane season in the supply of oil will be minimal, mainly because the propensity of U.S. government to establish strategic reserves in these cases, analysts have estimated at Barclays Capital. "However, which increases the volatility of oil prices.
NOTE: Alex became a hurricane to a tropical storm Tuesday night, the first of the season in the Atlantic, BP was forced to reduce oil recovery operations in the Gulf of Mexico, where U.S. aid is used by the twelve countries in the fight against the oil spill.
"The United States agrees twenty two proposals help from twelve countries and international organizations, said Tuesday the State Department said in a statement, adding the high-speed vessels to recover oil and height surface fire proposed by Japan were part of the aid proposal. With winds near 120 kmh and gusts same old, Alex, now a hurricane category, is now threatening the coasts of Mexico and Texas said Tuesday the National Hurricane Center (NHC).
Angry BP failures in the fight against oil spills, frustrated by the attitude of Barack Obama, elected to take matters into Louisiana. "A building should continue "before the hurricane makes landfall, the NHC expects Wednesday night near the US-Mexico border. Alex moves westward and should not turn to the spill area, which can still be felt.
On Wednesday, the waves of 3.5 meters high, is expected in the region. "Part of the recovery of oil to the surface water can occur when the sea is great," said a spokesman for BP. The storm also delayed introduction of an oil recovery vessel third producer Helix. Between 30,000 and 60,000 barrels of oil leaks from the well each day, and thruster producers should increase the total capacity to recover from 40,000 to 50,000 barrels per day in early July, to 25,000 contras present with two other buildings.
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