NetEase News January 30 January 30, the following is the world’s major financial media headlines
“New York Times”: Exxon Mobil $ 3.9 billion sale of the Japanese branch
Exxon Mobil said on Sunday it has agreed to a price of $ 3.9 billion sale to Japan, the Japanese subsidiary TonenGeneral type strains the club. Of the agreement, ExxonMobil 99% of the Japanese subsidiary will sell shares to TonenGeneral. ExxonMobil will release its TonenGeneral most control over, leaving only 22% of the shares. This agreement represents the major oil companies Exxon Mobil and the latest action: the development of the business shifted focus from refining oil and gas exploration and development of high-margin business. Because of the global economic downturn reduces demand for oil and gas, excess refining capacity around the world are also important reasons. At the same time, high oil prices and relatively low natural gas prices are squeezing refining margins. Royal Dutch Shell Group and British Petroleum are being sold in Western Europe and the U.S. refining business. The United States several refining companies have closed in recent years, the East Coast refineries, some of the factories are up for grabs. ConocoPhillips also plans to divest refining business.
“Washington Post”: European debt crisis continued to spread
months even though the emergency summit, repeated rescue programs and drastic financial cuts But European governments are still at the edge of the financial abyss, they are exhausted all means to make up for 4-year accumulated debt. The most urgent is the situation of Greece, its government effectively bankrupt, the debt is expected to 160% of GDP. Greek Government has been negotiating with creditor banks and off, ask them to bear 50% of the losses. Now no one can predict what the outcome, but European leaders insisted that will not let negotiations fail, the creditor group said on Saturday an agreement may soon be reached. The breakdown of negotiations may force Greece to abandon the euro. Experts warn that once Greece to abandon the euro will lead to a series of financial turmoil, threatened the European Union, and across the Atlantic, against the U.S. economic recovery hopes. At the same time, some European governments also warned that if the Greek legislation does not guarantee financial constraints, they will refuse to pay the next round of package worth $ 170 billion bailout fund.
“Financial Times”: President of the Royal Bank of Scotland agreed to give ￡ 1 million bonus
UK Royal Bank of Scotland chief executive Stephen Hester last week ? agreed to waive the evening of the value of close to 100 million pounds in prize money, which means his anger to the media and political activity yield, in order to avoid being embarrassed the British House of Commons. Royal Bank of Scotland have been urged Hearst to the critical voices to fight back, but the Labor Party leader David Miliband said it would launch in the House of Commons vote to condemn such a bonus, the Hearst eventually succumbed. A bank director admitted that this is the last straw that breaks the camel. The vote is the threat of a painful moment Hurst, Members will be expected to factions lining up to criticize him and asked him to give up ￡ 963,000 in prize money. Hearst’s allies fear that Prime Minister Cameron will not ask members to support the Conservative Party Hearst, one of them said Finance Minister Osborne may give him some support.
“The Guardian”; Belgian trade union strike affect the EU summit
Belgium’s three largest labor unions will strike, or will affect the start on Monday EU summit. The EU is scheduled to hold its first summit in Brussels today, this is the first meeting in Europe this year against the euro sovereign debt crisis and to prevent the decoupling of the important meeting. Strike will result in air transport, public transport and road traffic in the next 24 hours of severe paralysis. The reasons for the strike on the agenda of the summit, the European Union to solve the problem or the Greek or the measures will affect the level of welfare of workers in Belgium. 27 European countries are expected to discuss how to support the recovery of the European Union, and to develop local “intelligence growth” strategy to expand the medium-term reform.
“Daily Telegraph”; RBS chief executive to give up ￡ 1 million bonus
Royal Bank of Scotland (RBS) CEO of Hearst Sunday decided to cancel their pay nearly ￡ 1,000,000, this nationalization of the financial crisis to accept the bank rescue. RBS executives and public pressure forced the government decided to give up part of their salary. Hurst said the Board will give a reward of ￡ 963,000, while the President of the Bank of Hampton Jazz earlier announced its refusal to ￡ 1.4 million is a reward. British Chancellor of the Exchequer Osborne said the move was “a wise and popular decision,” which will help Hearst concerned about “more important work, and faster in nominal terms to help taxpayers get back their expenses . ”
“Japan Times”: Okinawa and the Inner Mongolia Rare Earth signed a cooperation agreement
a source said, Okinawa Prefecture, Japan-China Friendship Association and Chinese Inner Mongolia Autonomous Region’s foreign Friendship Association reached an agreement for the high-tech products and appliances around the rare earth metals business cooperation. 90% of global production of rare earth from China, and Inner Mongolia Autonomous Region is a major producer of rare, unusual in this agreement as a grass-roots diplomacy, may help to stabilize the supply of rare earth in Japan. Okinawa Japan-China Friendship Association and China Association for Friendship with Foreign Countries in the Inner Mongolia Autonomous Region on January 19 signed a cooperation agreement in Hohhot, the business will involve cooperation on earth. Insider said, Okinawa Prefecture to be set up to attract high-tech enterprises in the local factory, the county governor Zhong Hong really well prepared to visit China on the basis of the agreement to promote business and trade, including in the economic, trade, culture, environment and tourism cooperation.
“The Times of India”: India became the world’s fourth largest steel producer
World Steel Association, announced that India become the world’s fourth largest steel producer, although the Indian steel production growth rate 5.7% 6.8% lower than the global average. Data show that global steel production in 2011 increased by 6.8%, a record high of 1.527 billion tonnes in 2011, India’s steel production reached 72.2 million tonnes, higher than the 68.3 million tonnes in 2010. World Steel Association is the world’s largest iron and steel industry associations, Member States accounted for 85% of world steel production, the association announced in the past few years, the Chinese contribution to the world’s highest steel production in 2011 reached 695.5 million metric tons of annual output, 2010 output reached 638.7 million tonnes, China is expected to remain in the next few years the steel industry’s dominant position, far ahead of second-Japanese, Japanese steel output in 2011 to 107.6 million tonnes, down from 109.6 million tonnes in 2010. World Steel Association data show that the United States is the world’s third largest steel producer, annual output growth of 7.1% in 2011 to reach 86.2 million tonnes, more than 80.5 million tonnes in 2010.
Posted in 
Tags: 
