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Markets Shaken by Ukraine Crisis

European stock markets posted sharp losses on Monday as tensions in Ukraine escalated over the weeke...

Tensions Send Safe Haven Demand Higher

Demand for safe haven assets has increased significantly, pushing the Japanese Yen higher as a geopo...

Risk Improvement Gives Dollar a Lift

The U.S. Dollar steadied during Friday’s Asian trading session against both the Japanese Yen and the...

Safe Haven Flight Pushes Dollar Higher

With safe haven demand rising, the U.S. Dollar Index remained close to a 2-week peak as geopolitical...

Safe Haven Yen Steadies

The Japanese Yen steadied during the Asian trading session today as FX players shunned the greenback...
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Types and Tips for taking personal Loan

August 19th, 2013

credit   Introduction

   Loans are money borrowed for a specific purpose. Personal loans on the other are loans established to individuals for personal use such as financing vehicles, consolidation of debts, renovations of home and financing holidays. It is also made for any use not purposely defined or secured by a particular asset. They are normally made for the purpose of meeting general expense.. An example of large personal loan is a mortgage. A mortgage is a deal whereby a person borrows money from a financial institution to afford his or her home. It is a greater way of purchasing what you require immediately, repaying over a great period of time while enjoying the services of the product. Personal loan is special source of personal finance.

   Types of personal loans

   There are several types of personal loan available for borrowers. But the right personal loan depends on your need. Basically there are three namely secured personal loan, unsecured personal loan and line of credit personal loan.

   Unsecured loan is the most popular form of personal loan. They are generally available from credit unions, banks and other smaller financial institutions. It is suitable for all worthwhile purpose such as holiday, vehicle, debt consolidation, wedding and furniture and appliance. It is not secured by any particular asset or cash flows. It is always suitable to consider the charges, fees and interest rates payable when comparing these types of unsecured personal loans.

   Secured personal loan is the second type. It is taken mainly for purchasing vehicles. Just like other forms of personal loans, secured loans are generally available in banks and other financial institutions. However, secured car finance is available in car companies. In this case, the lender takes possession of your vehicle in case you default on the repayment. The associated risk and interest rate are usually low since the lender has an added security. They are only available for new and most recent model vehicles.

   This is the third type of personal loan. Line of credit is a form of personal loan that does not specify the timeframe which the borrowed money should be repaid. This type of loan is tempting since it allows individuals to stay in debt for a prolonged period of time. They come as results interest free offers from either wholesalers or retailers. There are also other types of personal loan such as home equity loans, short term loans, fast cash advance, military payday and no credit personal loan.

   Tips for taking personal loan

   Always understand that taking any form of personal loan result to a heavy responsibility. Borrow when you absolutely require using the loan. You should borrow within your ability and means to repay. Consider other financial obligation you have before committing yourself to the personal loan. Repay your installments in time to avoid any penalty and other additional charges. Read and understand the terms and conditions of the personal loan before committing yourself. Consider also understanding your loan contract carefully as well as its terms and conditions. Personal loan, loan, personal finance are suitable for meeting all your financial obligation and needs. For more information about personal loan, visit http://personalloan.net.sg/ the website of financial institutions providing the loan.

Bitcoin again reached 1000 USD level

December 11th, 2013

Bitcoin cash   The price of Bitcoin rises above 1000 USD per BTC for the first time in a week. During late US trade on Tuesday the price of digital currency reached a level of 1068 USD cash. The last value was four-digit number on December 7th. Today, electronic currency is back to drop, slid 8.41% to 948.00 USD per share. Last week, the virtual currency suffered because of the information that the Chinese online company Baidu Inc will stop accepting payments for its services with Bitcoin. Also, Chinese central bank prohibit financial institutions in the country to offer services related to digital money. The US investment bank JP Morgan Chase has filed an application for an US patent for the development of a payment system using virtual money similar to Bitcoin. By the financial institution said that the new system will have features similar to Bitcoin, allowing users to perform fully anonymous payments.

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Procurement of major equipment in Japan grew by 0.6% in October

December 11th, 2013

US Manufacturing activity   The procurement of major equipment in Japan rose slightly in October, sending a signal to the markets that the industry may slow in the coming months despite a policy of encouraging. The government data show that orders machines (no boats) were up 0.6% on a monthly basis in October after falling 2.1% in September. The Japanese government statistics office noted that the expected decline in orders for the entire third quarter from 2.1%. The procurement of major equipment are considered by experts as key to economic growth as companies rising investment levels in anticipation of demand. The data comes days after the final report on the gross domestic product in the third quarter showed growth of only 0.3% on a quarterly basis. Initial estimate was for a rise of 0.5%. According to the report, private consumption in the three months to the end of September it expanded by 0.1% and public investment – 0.3%.

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IMF again reduced its forecast for economic growth of Russia in 2014

December 10th, 2013

IMF Congress   International Monetary Fund (IMF) has cut back its forecast for growth in Russia, declaring that the central bank should consider tighter monetary policy if it wants to tame high inflation. The organization expect the Russian economy to grow by 2% in 2014. The decrease is the fourth, the initial assessment of the fund was for growth of 3.8%. The IMF expectations are lower than recent estimates of the Ministry of the Russian economy in which economic growth would reach 2.5%. Hit by weaker external demand and the decline in investment activity, Russia continues to face difficult times. If the IMF forecasts justify, growth next year will be the lowest of the coming to power of Vladimir Putin in 2000. According to the international institution consumer inflation will remain above the target of the central bank. At the same time the economy will move close to its full capacity, which means that the monetary policy of quantitative easing will not achieve the desired effect.

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Central Bank of Cyprus condemned the Bitcoin

December 10th, 2013

BTC   The Central Bank of Cyprus refer carefully to the initiative of the University of Nicosia to accept payment of tuition fee in the virtual currency Bitcoin. The University of the Cypriot capital was the first university in the world, which also announced in late November that goes to the innovative system of financial estimates thus proved essential support of its supporters. Today, however, the Central Bank of Cyprus spoke strongly against Bitcoin.

   ”The use of any type of virtual money carries a risk, as they in no way can be adjusted and operations with them are not controlled”, said the central bank. The government is also in no hurry to support digital money, wrote Monday. According to local news agency CNA country authorities consider the use of Bitcoin risky. Source of state structures recognized the innovative nature of the digital currency but notes that it will ” no material support,” which poses a grave threat.

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Greece reduced the fall of GDP to 3% in Q3 2013

December 9th, 2013

Greek premier   The Greek gross domestic product (GDP) was expected to red territory during the three months to the end of September. However indebted country reported its fourth consecutive quarter of decline in contraction. The government data showed that Greece’s GDP shrank by 3% annually in the period from July to September, remaining unchanged from the initial estimate. The seasonally adjusted decline was a drop of 3.7% for a quarter earlier. Thus the annual rate of contraction of the Greek economy in the first nine months of the year reached 4%. Greece and its international lenders predict that the economy will shrink by 4% throughout 2013, the country will mark the sixth year in a recession. Yesterday, the Greek Parliament adopted a budget for 2014 The new framework provides cut government spending of 3.1 billion EUR.

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Bitcoin can destroy the USD

December 9th, 2013

BTC e-currency   If people start mass use Bitcoin, the digital currency will go down in history as the destroyer of USD. That said the former US Congressman Ron Paul.

   ”There will be alternatives to the USD as Bitcoin may be one of them”, said the politician. According to him, the process of legitimation of electronic currency may take a long time, probably in lobbying will include banks and other financial institutions. According to Paul, however, others may be quite affected by the strength of Bitcoin. “Some institutions will lose business if people stop using their payment systems. Central banks such as the US Federal Reserve will lose its ability to slow down and speed up economic activity. Governments want absolute monopoly on money and credit. They will not give up easily”, warned the former congressman. Other experts have also recognized the potential of the currency.

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Japanese economy expanded with 1.1% in Q3 2013

December 9th, 2013

Abe Japan   The Japanese government lowered the initial estimate for the growth of the country in the third quarter, indicating that capital expenditure was lower than originally calculated after weak external demand lost momentum derived from the economic policies of Prime Minister Shinzo Abe. The GDP of Japan grew by 1.1% on an annual basis for the period from July to September compared with the second quarter, revising down an initial assessment of growth of 1.9% yoy, published three weeks ago. Interviewed by Nikkei and Wall Street Journal Economists expect the revised forecast to be up 1.5%. This is a serious decline from the first half of the year when Japan’s economy expanded by about 4%, surpassing even the growth of USA. The US economy grew by more than the Japanese in the third quarter – Objectives 3.6%. With the end of the year the Japanese government and central bankers continue to rely on the recovery of exports and business investment.

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German trade surplus shrank below the expectations

December 9th, 2013

World trade   The German trade surplus in October was lower than expected in the month after imports rose sharply from September, ahead of the moderate export growth. The data of the Federal Statistical Office Destatis showed that in the tenth month of the year seasonally adjusted basis of the country ‘s trade surplus shrank to 16.8 billion EUR from a revised 18.7 billion EUR recorded in September. Economists had forecast a surplus of 17.8 billion EUR. But this will not be enough to refute critics of German-based export growth model. They are of the opinion that the biggest economy in Europe is not doing enough to stimulate domestic demand. The imports of goods rose by 2.9% on a monthly basis, offsetting the decline of 1.9% in September. Meanwhile, exports grew for the third consecutive month, albeit slightly. This testifies to the gradual recovery of foreign trade. Seasonally adjusted data show that exports in October rose by 0.2% compared to September. However, German exports have not yet fully recovered. For the period January-October it decreased by 0.7% yoy, with deliveries to the euro area decreased by 1.8%.

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Google, Apple and Facebook remain the leaders of US mobile market

December 8th, 2013

Google logo   Apple Inc continues to be the leading producer of smartphones in USA during the quarter to the end of October, while the Android operating system of Google Inc is a leader among operating systems. This is revealed by a survey of comScore, exported yesterday. Apple’s share of the US smartphone market has risen to nearly 41%. Samsung remains in second place with 25%, an increase of about 1% from the previous quarter and the third place was taken by Motorola with a market share of 7%. Android is the leading operating system with a market share of 52%, a slight increase from the previous three months. The operating system of Apple – iOS, took second place with a share of about 41%. Google Sites is the most visited site by the owners of smartphones – hold a share of 88%, followed by Facebook with 84%. On the other hand, Facebook’s top application for mobile devices occupying a market share of 76%, followed by Google Play 54%, Google Search accounted for 52%, and Pandora and YouTube (which is also a product of Google) hold 48%.

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US unemployment rate reached 5-years bottom

December 8th, 2013

Unemployment   The US unemployment reached its 5-year lowest level in November. The US employers continued to hire workers at a steady pace and the unemployment rate has dropped significantly in November. The recent data suggest stronger economic growth in the country, which can enhance the debate on the central bank to reduce the amount of stimulus for the US economy. Employment in the agricultural sector of USA increased by 203,000 in November from a downward revision of 200,000 in October. The unemployment has fallen by 0.3% to 7.0% last month, reaching its lowest level in five years. The economists had expected employment to rise by only 183,000, and the unemployment rate dropped to only 7.2% . The total employment in the agricultural sector of the United States in September and October was revised upward in 8000. Today’s report will likely reinforce speculation that the Federal Reserve (FED) soon will reduce the pace of financial incentives to the economy, which currently amount to 85 billion USD per month. The next meeting of the FED is 17th to 18th December.

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