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Posts Tagged ‘USD’

Agriculture records USD 1.2bn surplus

In the trade of agriculture and food products, Serbia recorded a surplus of USD 1.2bn in 2010. This number represents a 28-percent rise year-on-year, according to the data of the state Statistical Office, the Serbian Chamber of Commerce (PKS) said on Wednesday.

Egypt angst pushes oil price to USD 100/barrel

Oil prices have rocketed in response to continued unrest in Egypt, euronews reports. Brent crude topped USD 100 a barrel on Monday for the first time since 2008 – jumping more than one percent.

Defense minister on weapons export

Serbian Defense Minister Dragan Å utanovac says that Serbia has exported weapons and military equipment worth USD 750mn since 2007.

He told daily Politika that the value of export had been USD 75mn in 2007 but that it had reached USD 247mn last year.

USD 1.24bn trade surplus in CEFTA

Serbia recorded a USD 1.24bn surplus from January to November 2010 in trade activities with the Central European Free Trade Agreement (CEFTA) countries. The surplus for the most part came from the country’s export of agricultural products, the data of the Statistical Office of the Republic of Serbia shows.

Serbia’s external trade USD 24bn

Serbia’s total external trade from January to November added up to USD 23.97bn, Statistical Office of Serbia Director Dragan Vukmirović stated on Wednesday.

He pointed out that the export – import ratio equaled 58.4 percent and was higher compared to the same period last year, when it was 52.1 percent.

27% H1 export growth may help India beat FY”11 target: Anand Sharma

Union Commerce and Industry Minister Anand Sharma said here on Sunday that a robust growth of over 27 per cent in exports during the first six months of Financial Year 2010-11 has fuelled hopes that India may cross the trade target of USD 200 billion for the entire fiscal. In April-September this fiscal, Indian exports [...]

MoD to get USD 1mn American aid

Serbian Defense Ministry will next year get USD 1mn aid from the US, Serbian Defense Minister Dragan Å utanovac said Monday in Washington. In addition, the ministry can count on USD 900,000 more for a program of training officers, he said.

USD/SGD Higher;QE expectations have run ahead-DBS

USD/SGD higher, tracking broad USD strength vs majors, regional currencies after Wall Street Journal reports size of U.S. quantitative easing likely smaller than previously estimated, Philip Wee of DBS says. Pair last at 1.3032 vs 1.2979 morning.

“Expectations of the U.S. quantitative easing have run ahead and the U.S. dollar is now adjusting itself after the WSJ report this morning,” Wee says. Trader at international bank says immediate resistance for pair at 1.3050, followed by 1.3100. Support at 1.2950. 

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Commodities stocks up on risk play, weak USD

Shares of Wilmar International <WLIL.SI>, Golden Agri-Resources <GAGR.SI> and Olam International <OLAM.SI> surged on Thursday on returning risk appetite among investors for commodities play and a weak U.S. dollar.

Shares of Wilmar gained as much as 5.4%, Golden Agri was up as much as 3.1% and Olam rose as much as 3.8%.

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Singapore rig builders underperform on SGD surge

Singapore-listed rig builders underperform after SGD touches record low vs USD on MAS’s surprise tightening earlier in day, says Dow Jones. 

“A stronger SGD against USD will mean lower foreign exchange translation earnings for oil and gas players. The bulk of revenues are in U.S. dollars but only slightly more than half of costs are in USD,” says DMG head of research Leng Seng Choon. 

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China’s trade surplus hits USD 20bn again

The Chinese government released figures Friday showing the country’s trade surplus remains high. However, the surplus is shrinking as imports outpaced exports in August. Two economists, who watch China closely, expect Beijing to continue to resist American pressure to allow its currency to appreciate more rapidly to makes its exports more expensive and help accelerate the slow growth in the U.S. economy.

Export figures up, deficit down

In the first six months of this year, Serbian exports have increased by 20.4 percent compared to the same period in 2009. According to the Chamber of Commerce, Serbia exported USD 2.6bn worth of products and important USD 6.4bn.

‘Toy Story 3’ highest-grossing film this week

‘Toy Story 3’ has emerged as the top-grossing movie at the box office this week In the list compiled by Exhibitor Relations, the animated film grossed a blockbuster 109 million dollars at the weekend box office, according to estimates. At the second position was Jaden Smith”s ‘The Karate Kid’, which raked in a whopping 29 [...]

UN launches appeal for Kyrgyzstan refugee crisis

The UN has announced a USD 71mn flash appeal for Kyrgyzstan, where it says some 400,000 people have been displaced by inter-ethnic fighting. The Central Asian state’s interim leader believes the number of people killed since violence erupted just over a week ago may be as high as 2,000.

BP agrees to USD 20bn fund

BP executives met with U.S. Pres. Barack Obama and agreed to create a $20bn fund to compensate people and businesses harmed by the Gulf of Mexico oil spill. BP’s chairman apologized for the worst environmental disaster in U.S. history, saying that BP is “fully aligned” with Mr. Obama and his administration on the need to stop the leak and compensate for damages.

Incomplete projects delaying loan

A USD 800mn Russian loan, meant for the Serbian Railways, is being delayed by missing project design documentation. This is according to Serbia’s Traffic Institute CIP Director Milutin Ignjatović, who noted however, that negotiations were “going well”.

Novartis Q1 profit jumps to USD 2.9bn

The Swiss drugmaker Novartis AG reported Tuesday a 49-per-cent, year-on-year jump in first-quarter profits with a net income of 2.95 billion dollars. The figures came on the back of rising sales, which hit 12.13 billion dollars in the first quarter, up 25 per cent. Most of the increase was generated from Novartis’ pharmaceuticals division but also came from vaccines, including the H1N1 swine-flu shot, which brought in 1.1 billion dollars.

Ukraine may receive USD 6bn IMF loan

Ukraine may receive a $6 billion loan from the International Monetary Fund (IMF) in 2010, Ukrainian Deputy PM on Economic Issues Sergei Tigipko said. The IMF approved the loan to Ukraine in November 2008. The fund has already provided three credit tranches worth $4.5 billion, $2.8 billion and $3.3 billion to the country as part of a program to stabilize the economy, which was seriously weakened by the economic crisis.

Singapore central bank to let USD swap agreement lapse

Singapore’s central bank said it will let a US$30 billion ($42 billion) swap agreement with the U.S. Federal Reserve lapse on Feb 1.

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“Serbia’s goal is to attract USD 3bn”

Deputy PM Božidar Đelić stated on Thursday that Serbia’s aim was to attract USD 3bn of direct foreign investments in 2010. Đelić is in Paris where he s attending a two-day conference in Paris entitled “New world, new capitalism”.