Oplecenter Business & Finance News

SINGAPORE – Oil prices fell toward $ 80 per barrel at the close on Thursday (25/3/2010) in Asian trade. This extended from the previous day’s losses after the increase in U.S. crude oil inventories and consumer demand is still weak.

Benchmark crude for May delivery fell 25 cents to $ 80, 36 per barrel during the day Singapore time in electronic trading on the New York Mercantile Exchange (NYMEX) or a contract loss of $ 1, 30 to settle at $ 80, 61 per barrel on Wednesday.

U.S. Department of Energy on Wednesday reported that U.S. crude oil inventories rose 7.3 million barrels to 351.3 million barrels last week. Analysts expect an increase again to 1.67 million barrels.

Meanwhile, oil demand in Europe is far worse than the United States, with France, Italy, Spain and the UK fell by 10 percent in January compared to the previous year.

Some analysts worry that higher unemployment rates in the U.S. and Europe will continue to drag the consumer demand.

“It’s reasonable to assume that the U.S. unemployment rate will remain stubbornly high for at least two years. The table is set against the decline in gasoline demand, not only in the U.S., but jugadi Europe,” said energy analyst Stephen Schork, as the quotes from The Associated Press (AP), Friday (26/3/2010)

In other NYMEX trading in April next, heating oil fell 0.37 cents to $ 2, 067 per gallon, and gasoline steady at $ 2, 22 per gallon. Natural gas fell 1.0 cent to $ 4, 095 per 1,000 cubic feet.

In London, Brent crude fell 16 cents to USD79, 46 on the ICE futures exchange

DENPASAR – I Ketut Agus Adi Putra (19) is desperate, imagine the school still had dared to steal. No kidding, the stolen gold is worth Rp123 million more.

Adi Putra is  in a CMS in Badung, led to a police station for gold theft involved. “When we count, the total value of the stolen gold to reach Rp123 million more,” said Badung Police Public Relations Officer, Kompol Putu Indrajaya, Wednesday, (10/03/2010).

A number of gold jewelry has been sold to the fence, but oddly enough, precisely the other gold jewelry worth tens of millions of rupiah, thrown into a garbage can in Denpasar Jalan Hasanuddin and no one has found.

Events that led Agus began on Tuesday, February 23, there were Agus who lived in Banjar Undaki, Badung regency came to the house of a neighbor named AA Ngurah Oka Danan Jaya. At home the only place adjacent to it, Agus slipped in through the window.

Once inside the house, Agus Oka straight to the room that is not locked. “It was a quiet situation because the victim was out, so the perpetrators free to take the gold. Once the jewelry in hand, directly sold to the gold sellers. , the suspect had stolen gold twice at the spot,” said Indrajaya.

The amount of gold of the victims who worked at a bank that consists of three gold necklaces, three bracelets large size, the ring, two diamond earrings, a ruby gem. “Two rings and has sold giwangnya worth Rp8 million,” he explained.

Yet strangely, and 2 diamond earrings diamond 1 ruby instead discarded by the suspect into the trash cans on the Way Hasanudin. “And that rubies worth tens of millions, she dispose of goods in order to remove traces of evidence,” he explained.

JAKARTA – The low inflation rate in February 2010 by 0.3 percent compared with January 2010 inflation of 0.84 percent is influenced by the decline in gold prices due to the strengthening of the rupiah against the U.S. dollar.

Head of the Central Bureau of Statistics (BPS) Rusman Heriawan said that the decline in gold prices has pushed inflation indicated by 0.05 percent.

“Rupiah we’re stronger, so the gold price decline was not due to declining real, because the dollar dropped, it’s because we are the stronger rupiah. But because BASED gold price in dollars so a fall in the rupiah,” he said after the announcement of inflation in February 2010, at the BPS office , Jakarta, Monday (1/3/2010).

In addition to the gold price factor, she also stated that the decline in inflation rate due to fresh fish, eggs, potatoes, oranges, cooking oil, and cell phones are also a deflation that could push inflation as deep as 0.01 percent. “Some other commodities also provide a pressure approximately 0.01 per cent respectively,” he said.

In February 2010, there was an inflation of 0.3 percent in the Consumer Price Index (CPI) for 118.36. From 66 cities, 52 cities experienced inflation and 14 cities experienced deflation.

The highest inflation occurred in Tarakan CPI 1.82 percent to 135.68 and the lowest occurred in Jember with CPI 0.04 percent 118.93. Meanwhile, the highest inflation occurred in Maumere CPI 1.3 percent with 128.79 and the lowest occurred Ternate CPI 0.07 percent to 122.13

JAKARTA – The development of technology in the glass ilm is increasingly rapidly. When the previous one using ceramic materials, glass technology now appears to use a layer of gold film.

Is V-Kool, glass films using a layer of precious metal of gold. With this layer of V-Kool will work reflects ultraviolet and infrared rays that can enter into your car’s cabin.

“During the film-glass technology absorbs heat, but we reflected it, because if it absorbs heat, the glass over time, the film will be damaged,” said President Director of PT Indo V-Kool Letari between Indonesia International Motor Show (IIMS) JIExpo Kemayoran, Jakarta.

This crate Teklogogi, thought has been shown to apply to premium cars in Europe and almost all brands of cars in Indonesia, except for Daihatsu. “We are targeting the premium segment,” he said.

And during the exhibition which lasted from July 24 to August 2, PT V-Kool Indo Lestari memebrikan opportunity to every visitor IIMS 2009 provides a place to “cut” the glass film.

They brought Window Film Testing Center (WTC) where visitors will be able to prove himself a glass technology V-Kool films are gold plated.

“This tool is not impartial any film of glass products, so we brought here as education regarding the products really qualified,” said Director of PT V-Kool Indo Lestari Linda Widjaja.

Curious? Just come to IIMS, just until August 2, 2009 loh.

WASHINGTON – The International Monetary Fund (IMF) to sell more than 400 tons of gold reserves, in which half sold to India which is the country’s largest gold consumer in the world.

As quoted by AFP, Tuesday (3/11/2009), the announcement from the IMF to sell 200 tonnes of gold into India’s central bank valued at $ 6, 7 billion was made to increase the loan funds amid the global economic crisis.

Gold sales to India nearly half of the 403.3 tonnes of IMF gold sale, where the IMF itself has targeted to sell in future years when the gold price close to record high.

The IMF also said the parties, this transaction is in the process of completion. Where are involved daily sales gradually over a period of two weeks on 19-30 October. Each daily sales is determined based on prevailing market price on that day, according to the documents establishing the institution.

“I really welcome this transaction with the Indian central bank (Reserve Bank of India). This transaction is an important step to achieving the goals of selling IMF gold programs to help put a healthy financial funds for the long term and enable us to increase concessional loans that indispensable poor countries, “said IMF Managing Director Dominique Strauss-Kahn, said in a statement.

In addition, the IMF currently has a gold reserve of 3217 tons and is the official holder of the precious metal in the world’s third largest after the United States and Germany. India is the largest gold consumer, importing between 700-800 tons of metal per year, or 20 percent globally.

A senior IMF official said the IMF was lucky to sell 200 tons of gold to India, because the current price of gold approximately USD1.045 per ounce, compared to April 2008 sales of USD850 per ounce.

“Of course, this is only half of the sales are completed. So we are half way there again, I hope we’ll still be lucky,” he said.

In addition, gold prices had reached its highest price of USD1.070, 80 per ounce on October 14 because of the weakening dollar and precious metals making it less expensive for investors holding currencies than others. As a result, demand was increasing. The price of gold itself has increased more than 20 percent since the beginning of 2009.

A week before India’s central bank buying of gold, Indians spend nearly $ 2 billion to buy gold for the celebration of the Hindu religion. This increase compared to 2008. The gold has become the new investments amid global economic uncertainty, in which investors seek refuge.

Reportedly, the gold sales in India rose 5.7 percent to 56 tons from the previous year during the period 12-19 October. Months was considered the most profitable to buy gold in accordance with Indian tradition