11% power plant in China Facing Collapse Coal Stock Running Low
Economy February 15th, 2010
As many as 11% power plant in China is threatened closing of coal stocks because of depletion of bamboo curtain country. A total of 803 power plant in China only has coal stock of less than 10 days.
It is quoted by Xinhua News Agency, Tuesday (12/01). Xinhua reported that China is currently being hit by winter’s heavy enough. It encourages the use of coal for power plant larger and larger, so the impact on the coal stocks are shrinking fast.
Concentration of coal stock shrinkage occurred in 5 provinces and several municipalities, including major coal mining area in Shanxi province of China. The situation reportedly got worse. 598 coal stocks at power plant in China is only sufficient for 9 days. Then as many as 205 other power plant has a stock of coal just not up to 7 days.
Last week, the region Shanxi, Shandong, Henan, Hubei and Chongqing, there is a shortage of electricity due to lack of available electrical power. At the same time, the temperature in the Xinjiang Uygur autonomous region and Inner Mongolia, and North and South China declined to be 6-8 degrees Celsius.
INDONESIA COMPANY IN OF WORLD LARGEST COMPANIES LIST
Company Info February 15th, 2010
Author: Ekoprasetyo | Posted at: 05:49 | Filed Under: News, Business Internet, Indonesia, day – the day |
Six RI Sign Companies List of World’s Largest Company
Indonesia succeeded in the 2000 list of largest companies in the world Forbes, (Forbes Global 2000 List of the World’s Biggest Companies), as this magazine was released last week.
PT Telkom, which ranks the 675 top ranked compared to other companies from Indonesia, with the market value reaching 10.60 billion U.S. dollars, sales of 6.30 billion U.S. dollars, profit 17.41 billion U.S. dollars, 797.77 billion and assets U.S. dollar.
After that, the BCA is ranked 930 with a market value of 4.79 billion dollars, and BRI in position 988 with a market value U.S. $ 3.80 billion, the bank in 1014 to 3.01 billion U.S. dollars. Bumi Resources in order of market value 1809 with 1.25 billion U.S. dollars, and BNI position with 1960 market value 0.88 billion U.S. dollars.
According to Forbes, the data entry company that this list is the latest data with the market value based on date of February 27, 2009.
The companies that signed on this list came from 62 countries. United States still dominates the shrinking while 551 companies compared to 200 members in 2004, at the time this list was first published Forbes.
This year 91 companies entering China, Korea 61, and India 47. While countries like Kuwait, Middle East, Saudi Arabi, and the United Arab Emirates has at least 10 members.
In total, the companies that signed the Global 2000 list has a revenue of 32 trillion U.S. dollars, profits U.S. $ 1.6 trillion, assets of 125 trillion U.S. dollars, and the market value U.S. $ 20 trillion.
The companies that occupy the top 10 in this list are: (in million U.S. dollars)
Sales Profit Assets Market Value
1 General Electric 182.52 17.41 797.77 89.87
2 Royal Dutch Shell 458.36 26.28 278.44 135.10
3 Toyota Motor 263.42 17.21 324.98 102.35
4 ExxonMobil 425.70 45.22 228.05 335.54
5 BP 361.14 21.16 228.24 119.70
6 HSBC Holdings 142.05 5.73 2520.45 85.04
7 AT & T 124.03 12.87 265.25 140.08
8 Wal-Mart Stores 405.61 13.40 163.43 193.15
9 Banco Santander 96.23 13.25 1,318.86 49.75
10 Chevron 255.11 23.93 161.17 121.70
Apple Give 100 USD for early iPhone Buyers
Company Info February 15th, 2010
IPhone price has been lowered as much as 200 USD from 599 USD to 399 USD. By many people this is welcome, but by early buyers, this is certainly very frustrating. To assuage their disappointment, Steve Jobs had to intervene. After reading all incoming email, it was decided that the initial version of the iPhone buyers will get a 100 USD voucher that can be used online or at the Apple Store. Details about the gift voucher is still at work.
207 U.S Companies Bankrupt in 2009
Finance February 15th, 2010
The number of corporate bankruptcies in the United States reached 207 last year, led by the bankruptcy filing of General Motors.
A research company, BankruptcyData.com, Thursday (7 / 1), said the number of filing for bankruptcy protection in 2009, public companies jumped significantly from 138 the previous year. It is the third largest number in the notes that only defeated the number in 2001 and 2002 with respectively 263 and 220 for filing.
The companies filed for creditor protection with combined assets of U.S. $ 594 billion, the second largest on record. The largest in 2008, led by the biggest bankruptcy filing ever in the U.S. from investment giant Lehman Brothers.
Largest bankruptcy in 2009 was General Motors, with registered assets of U.S. $ 91 billion, followed by a business lender CIT Group, with U.S. $ 80.5 billion, and Chrysler LLC to U.S. $ 39.3 billion. The main industries affected by the bankruptcy, including manufacturing, banking and finance, and oil and gas sector.
A total of 26 banks and finance companies have filed for bankruptcy with combined assets of U.S. $ 249 billion.
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No Comments The Straits Times Index rose 0.27%
Stock Report February 15th, 2010
Index of superior stock exchanges of Singapore, the Straits Times Index, rose 0.27% at 9:05 pm local time.
Index which is supported by at least 30 companies are traded on the Singapore Exchange Ltd.. rose 7.79 points to 2941.32. Among the stocks that support the index, nai 19, 9 fell and the other 2 remain.
Straits Times index increase was driven by DBS Group
Holdings Ltd, United Overseas Bank Ltd. and Oversea-Chinese
Banking Corp. Ltd.. At least 144.83 million shares changed hands in Singapore.
Singapore Telecommunications Ltd., which fell 1 cent to S $ 3.01, was recorded as the most active stocks traded in Singapore.
Other active stocks are Ausgroup Ltd, which fell 5 cents to 68 cents and Wilmar International Ltd, which fell 1
cents to S $ 7.10.
