Jaideep Mishra: Monetary policy Oct 21, 2009
Instead, theres large spare capacity at hand. In tandem, we do need to look for empirical evidence of how the quantity of money in circulation buoys output in the system. (India Times)
Oil above $80... Oct 21, 2009
"However, we see little support for the rally, which is now eight days old, and think that at some point OPEC spare capacity of about 6 million barrels and massive on- and offshore stocks - to mention just a few of the bearish items - will trigger a correction phase," JBC said in a report. In other Nymex trading, heating oil was up 0. (The Drudge Report)
Oil price hits new high for 2009 Oct 20, 2009
These factors include spare capacity, low profit margins for refiners, a "massive stock surplus" of products such as diesel and heating oil, and lacklustre demand among industrialised nations, JBC argued. The dollar lost more ground against the euro in early trading, falling to $1. (BBC News -- Africa)
Oil moves past $80-a-barrel mark Oct 20, 2009
These include spare capacity, stock piles of oil and weak demand among industrialised nations. Bookmark with. (BBC News -- Business)
Deflation fears persist amid beginning of economic recovery Oct 20, 2009
With all that spare capacity, manufacturers trim prices to boost demand. The commercial real estate market is also bloated with unused supply, Stiglitz notes, leading to high vacancy rates, falling rents and rising foreclosures. (USA Today -- Money)
Oil Rises to 1-Year High After Report Shows Gain in U.S. Industrial Output Oct 17, 2009
If demand were to pick up, theres plenty of spare capacity that can be brought on line. . (Bloomberg -- Canada)
Business Highlights Oct 16, 2009
Even as business activity picks up, unemployment is still high and factories have enough spare capacity to increase output without sending prices higher. 1. (ABC News -- Wire)
Stevens's `Timid' Talk May Herald Australia's Largest Rate Rise Since 2000 Oct 16, 2009
The safest time to raise rates quickly is when you know they are at the wrong level, and this is the first time a recession has ended with so little spare capacity. Its not going to be long before the economy is running at full pelt again. (Bloomberg -- Australia & New Zealand)
Jobless claims drop for fifth time in 6 weeks Oct 16, 2009
Even as business activity picks up, unemployment is still high and factories have enough spare capacity to increase output without sending prices higher. The Labor Department said first-time claims for jobless benefits dropped to a seasonally-adjusted 514,000 from an upwardly revised 524,000 the previous week. (MSNBC -- Business)
Oil hits 2009 high, trades above $77 Oct 16, 2009
Poor oil fundamentals, including 6 million barrel per day of Opec spare capacity, a massive middle distillates stock surplus and terrible refining margins will keep the upside potential in check, JBC said. Read business stories in. (India Times)
Consumer Prices in U.S. May Show Inflation Not a Risk as Economy Recovers Oct 15, 2009
There is just way too much spare capacity out there. We dont see any aggressive moves by the Fed until at least the middle of next year. (Bloomberg -- US)
Pound hit by falling UK inflation Oct 14, 2009
Page last updated at 19:16 GMT, Tuesday, 13 October 2009 20:16 UK. Many firms are cutting prices to survive which is slowing inflation. (BBC News -- Business)
Will Telkom share? Oct 13, 2009
"Furthermore, S3WS, not only offers fully diverse solutions out of South Africa, but also has adequate spare capacity to fully cater for 2010. From an undersea capacity perspective, therefore, it's all systems go for the World Cup next year," the executive said. He also explained Telkom's robust strategy with regard to cable investments. (iAfrica.com)
Free power to the poor? Oct 7, 2009
He said Eskom currently had spare capacity of an average 10 percent and coal stockpiles for about 42 days. Ideally, the company needed spare capacity of at least 15 percent but could only hope to achieve this in five years' time, he said. (iAfrica.com)
A Threat to Global Recovery: Too Many Factories Oct 7, 2009
Under this "new normal" scenario, some of today's spare capacity may never come back into action because total demand will remain depressed indefinitely. Factories in some crowded sectors will have to be permanently closed or retooled to make different products. (Time.com)
'Sharp rallies in the 1st year of recovery, then horizontal movement in stocks' Oct 5, 2009
Oil is a case in point: despite very high spare capacity and a continuing contraction in global demand for the commodity, it is trading well above its historical level of $50 a barrel the inflation-adjusted price over the past century. Record amounts of money have flown into exchange-traded oil funds as investors increasingly view the commodity as just an anti-dollar bet. (India Times)
Exxon's Tillerson Says OPEC Production Discipline Erodes as Oil Increases Oct 2, 2009
105 million barrels a day of spare capacity, a Bloomberg News survey showed. Saudi Arabia can increase production by 2. (Bloomberg -- US)
Iran's Leverage Sinks With Oil Demand Oct 1, 2009
"There is lot of spare capacity in OPEC, and demand in the West is much lower." ... Mohammed al-Shatti, a member of Kuwait's delegation to OPEC, said in a report in Wednesday's Alrai newspaper that while sanctions could affect the oil market, "the existence of more than 5 million barrels of daily OPEC spare capacity would lessen the negative effects on prices in case of any stoppage of oil supplies from Iran.". (CBS News -- World)
Nufarm: Sinochem waits in wings Sep 30, 2009
However, it would not prove surprising if BHP and Rio studied their own railway capacity and found there was no spare capacity available for Fortescue and other third parties. The lack of capacity could be heightened by the looming Pilbara joint venture between the pair, which is meant to allow them to optimise their use of the combined infrastructure. (Sydney Morning Herald -- Business)
How Close Is Iran to a Nuclear Bomb? Sep 26, 2009
Asked whether Iran might have been carrying out work on the P2 at the undeclared secret site southwest of Tehran, IAEA sources said: It s possible, although Natanz is a huge facility with plenty of spare capacity. The last IAEA report on Iran in August said that Tehran had set up more than 8,000 centrifuges to produce enriched uranium at Natanz, although it said that only about 4,600 were fully active. (Fox News)
ONGC to invest Rs 50,000 cr in oil, gas fields Sep 23, 2009
Stating that international crude oil prices had peaked to USD 147 per barrel in July 2008 before plummeting to USD 33 a barrel in December that year, he said the prices crashed down not because of any supply glut but due to sudden slump in demand which increased the spare capacity. "However, we must realise that this spare capacity cushion is bound to erode once the economies recover which seems to be happening faster than expected," he said. (India Times)
Eskom says SA needs billions for power infrastructure Sep 22, 2009
So far regional trade has been limited due to constraints on the lines and the lack of sufficient spare capacity, but that will change as the region invests in boosting supply. Lakmeeharan said private players could get involved, citing the example of Zambia's Copperbelt Energy Corporation, which has built and operates the network to the country's copper mines. (Business Report, South Africa)
Nigeria: OPEC's Focus - Poverty, Environment Sep 21, 2009
"In doing so, the Conference reiterated its determination to ensure sound supply fundamentals and an adequate level of spare capacity for the benefit of the world at large.". Relevant Links. (allAfrica.com)
Crude oil's rollercoaster prices Sep 21, 2009
Producers, however, had such little spare capacity that there was not very much they could do. King Abdullah of Saudi Arabia, the world's largest oil producer, hosted a conference in Jeddah in June to discuss the problem. (BBC News -- Business)
Britain Could Return to Growth by March Sep 19, 2009
Mr Miles said the amount of spare capacity in the economy meant there is very little inflationary pressure, implying rates could stay very low well into next year. The banks, added Mr Miles, will take "years" to fix, as they build up their capital and reserves of cash. (BusinessWeek)
Morgan Stanley ups 2012 Oil Forecast to $105 Sep 19, 2009
Morgan Stanley has raised its forecast of U.S. crude oil price to $105 (U.S.) a barrel in 2012 from $95 due to tightening spare capacity, the U.S. bank said in a research note seen on Monday ... "Assuming that demand returns to growth, we see global spare capacity back to 2007/08 levels by 2012, and getting even tighter thereafter," Morgan Stanley said ... There was considerable downside to much of the post-2013 production schedule, the report said, citing political wrangling over Project... (PR Newswire)
Metal Shortages Loom as Banks Cut Funding, Former BHP CEO Gilbertson Says Sep 18, 2009
At the moment we have no spare capacity to take on another project, he said. Were perfectly happy developing the strategies that we set out for each of those businesses. (Bloomberg -- Canada)
Will there be another dip in US stocks? Sep 17, 2009
Then, there is plenty of spare capacity in the goods and labour markets. Factories have enough capacity to meet consumer demand without having to hike product prices and the labour market has enough workers to meet the demand of employers without having to pay higher wages. (The Star Online, Malaysia -- Business)
Stock futures signal dip; Nextel in focus Sep 14, 2009
Morgan Stanley has raised its forecast of U.S. crude oil price to 105 a barrel in 2012 from 95 due to tightening spare capacity, the U.S. bank said in a research note seen on Monday. It expected global spare production capacity to stay ample through end-2010, before declining in 2011 and reaching 2007/08-like tightness by 2012. (Yahoo News -- Press Releases)
Nigeria: Opec Maintains Output Targets As Oil Nears $73 Sep 11, 2009
In doing so, the conference reiterated its determination to ensure sound supply fundamentals and an adequate level of spare capacity for the benefit of the world at large. Similarly, the conference recorded the readiness of member countries to rapidly respond to any developments which might jeopardize oil market stability and their interests. (allAfrica.com)
Brazil Economy Probably Expanded 1.7% in Second Quarter, Ending Recession Sep 11, 2009
With spare capacity high, the recovery will be very slow, said , chief economist for BNP Paribas in Sao Paulo. We probably witnessed the peak of the recovery in the second quarter, said Lintz, who is forecasting a 0. (Bloomberg -- Latin America)
Bovespa Gains Most in Five Weeks on Commodity Rise, Brazil Economy Outlook Sep 9, 2009
Investor expectations about continued future economic growth will support prices across base metals as spare capacity gradually disappears and the cost of production steadily climbs, Goldman Sachs analysts wrote in a report. Vale added 75 centavos to 33. (Bloomberg)
Russian oil exports top Saudi Arabia Sep 9, 2009
Russia did not have the flexibility to switch wells off for months and turn them back on, so had minimal spare capacity, said Oswald Clint, an analyst at Sanford C Bernstein. Russia's crude oil production rose 1. (Business Report, South Africa)
Low rates accelerate housing rebound Aug 27, 2009
The MPC appears to believe that, even if the economy does return to growth in the second half of 2009, it will take a long time before the spare capacity left behind by the recession is used up again. As a result, consumer prices may be under significant downward pressure over the next one to two years, Mr Gahbauer said. (FT.com -- Markets)
Grid Computing, The New Commodity Aug 26, 2009
It is true that organisations can already rent cloud computing capacity from companies like Amazon, HP and others, but they generally only offer their spare capacity ... If a company has a large computer park it can offer its spare capacity, but if it has a temporary need for much greater capacity it can bid for it on the marketplace. (Science Daily)
Central bankers content to keep rates low Aug 24, 2009
Martin Feldstein, a Harvard professor, thought it would be possible to have two years or more of very low interest rates without risk of excess inflation, given the spare capacity in the economy. Rick Mishkin, a former Fed governor, told the Financial Times the Fed would be easing policy further if it were not for the costs associated with monetising government debt. (FT.com -- Markets)
Canadian Consumer Prices Plunge Most Since 1953 on Lower Gasoline, Autos Aug 20, 2009
25 percent in April and said it would leave it there through June 2010 because of spare capacity in the economy and a weak inflation outlook. Love said many investors began betting the central bank would raise rates earlier than June 2010 about two weeks ago and todays inflation numbers was a catalyst for revising expectations. (Bloomberg -- Canada)
UK inflation rate stays at 1.8% Aug 19, 2009
"With the amount of spare capacity in the economy still building, core price pressures should soon start to ease," said Vicky Redwood, an economist at Capital Economics. "Accordingly, we expect that this halt in the downward trend in inflation will prove to be only temporary. "Indeed, these figures do little to alter our view that a prolonged period of low inflation or even deflation remains a serious risk," she added. Bookmark with: Print Sponsor THE UK ECONOMY ECONOMIC INDICATORS ANALYSIS AND... (BBC News -- Business)
Oil: A Final Note on Speculation vs. Fundamentals Aug 18, 2009
This is because they knew that there was a great deal of easily obtainable oil in the crust of the earth, and in addition oil producers possessed considerable spare capacity ... On that occasion there about two million barrels per day (= 2mb/d) of spare capacity, with most of this in Saudi Arabia. (Energy Pulse, CO)
Signs of recovery in France, Germany Aug 15, 2009
Jennifer McKeown of Capital Economics said the spare capacity in the euro zone was ''huge and rising. Firms will be forced to retrench further. (Sydney Morning Herald -- World)
Slowing U.S. Rents Push Inflation Lower, May Delay Federal Reserve Shift Aug 15, 2009
We expect core inflation to level off later this year, he said, because reductions in spare capacity are more important in determining price trends than the amount of the excess. To contact the reporter on this story: in Washington at. (Bloomberg -- US)
Power shortages threaten as Eskom puts five projects on ice Aug 12, 2009
"Eskom's spare capacity has risen from less than 5 percent to an average of 10 percent, compared with an optimum of between 15 percent and 20 percent.". Eskom could plug its funding shortfall, which stands at R161bn, by raising debt, increasing power tariffs, or further government loans or equity injections, he added. (Business Report, South Africa)
Recession Defined Aug 8, 2009
The first, which they say is harder to prove, is when the economy is growing at less than its long-term growth and has spare capacity. Capacity is defined by the site as "the amount a company or an economy can produce using its current equipment, workers, capital and other resources at full tilt.". (Click2Houston, TX)
The looming electricity crunch: Dark days ahead Aug 7, 2009
Officially, this was a one-off stroke of bad luck, but privately some think that a system with more spare capacity could have kept the lights on. Less obvious but just as worrying, says John Constable of the Renewable Energy Foundation, a think-tank, is that electricity prices are becoming more unstable. (The Economist)
Exam results show improved grades Aug 5, 2009
Partly because of a falling numbers of school leavers in recent years, there appears to be spare capacity, despite a 5. 9% rise in applications this year. (BBC News -- UK)
Eutelsat Communications Reports Revenue Growth of 7.2% and Net Income Increase of 43.6% for its 2008-2009 Financial Year Jul 31, 2009
11] Formerly known respectively as HOT BIRD(TM) 7A et ATLANTIC BIRD(TM) 4 [12] See press release dated January 28, 2009 [13] Number of transponders in stable orbit, excluding spare capacity [14] Number of transponders leased on satellites in stable orbit. 15] For more detail, please refer to Group interim consolidated accounts at. (PR Newswire)
Carlsberg acquisition Jul 30, 2009
The spare capacity was partly due to the loss of a supply contract by Carlsberg Singapore for the Singapore market in 2008. Manufacturing products for the Carlsberg market in Singapore would boost Carlsberg Malaysias current production capacity by another 160,000 hectolitres from its current one million hectolit res. (The Star Online, Malaysia -- Business)
Power Glut Cuts Plant Profits, Forcing U.K. Utilities to Idle Generators Jul 29, 2009
Now were up to our ears in spare capacity. . (Bloomberg -- UK)
The Paris Hilton of stats Jul 23, 2009
And on that score, despite our milder-than-expected recession, unemployment is still rising, there's plenty of spare capacity at home and vast oceans of it globally, so the inflation will keep falling. The RBA confidently says so. (Sydney Morning Herald -- Business)
Tate&Lyle says Q1 starts well but outlook cloudy Jul 23, 2009
"The risk must be that with extra spare capacity this year, buyers will drive margins lower," Jones said. He also noted that Tateaid nothing about its investment in ethanol and the timing of the opening of its plant in Fort Dodge, Iowa. (Atlanta Journal-Constitution -- Business)
Canada Consumer Price Index Falls Annually for First Time Since 1994 Jul 18, 2009
25 percent on April 21 and pledged to keep it there through June 2010 because of a buildup of spare capacity in the economy and a weak inflation outlook. The Bank of Canada implements policy to keep inflation at 2 percent annually. (Bloomberg -- Canada)
Play with Fuel Supply, Play With Fire Jul 17, 2009
Capacity adjustment issues on the part of new private players range from access to foreign exchange, credit standing with banks (remember that government borrows easier than even the most credit worthy private firms in most markets), lower tolerance for storage deficit and inventory stagnation, and greater risk aversion to spare capacity, all the way to high transaction costs associated with low-volume trading and a lack of experience with dealing with counterparty risks (i. e. trading partners... (Ghana Web, Ghana)
A fine balancing act Jul 17, 2009
7% in the year to June, and spare capacity at home and abroad is holding down prices. But asset prices could be a bigger danger. (The Economist)
Public Information Notice: IMF Executive Board Concludes 2009 Article IV Consultation with the United Kingdom Jul 17, 2009
As spare capacity continues to increase, inflation is expected to fall below the 2-percent target in the second half of 2009 and remain low for an extended period of time. Executive Board Assessment. (IMF News)
UK network 'ready' for swine flu Jul 16, 2009
Page last updated at 12:03 GMT, Wednesday, 15 July 2009 13:03 UK. The number of swine flu cases in London has increased dramatically. (BBC News -- Technology)
Commodity Hedge Is About Finding Right Tilt Jul 15, 2009
Theres plenty of spare capacity in the system, unemployment will probably stay high and central banks are discussing when to pull back the money they have thrown at the global credit crisis, he says. But the huge budget deficits are still creating expectations of inflation, with hyperinflation on some lips. (Bloomberg -- Columnists)
Falling Factory Prices Pressure BoE Jul 14, 2009
Howard Archer, chief UK economist at IHS Global Insight, said: "Producer output prices were far weaker than expected in June, indicating that manufacturers remain under intense pressure to price competitively. Substantially increased spare capacity and still difficult conditions are maintaining pressure on firms to price competitively to gain business.". Provided by from London, for Independent minds. (BusinessWeek)
Venezuela Drilling Slows to Five-Year Low as PDVSA Falls Behind on Bills Jul 9, 2009
Venezuelas oil producer, known as PDVSA, had planned to increase drilling this year to boost its spare capacity, , the companys vice president of exploration and production, said Nov. 26. PDVSA fell behind on bills when oil prices slumped. (Bloomberg)
Michael Pascoe Jobs market in robust shape Jul 9, 2009
The told us that the economy's "capacity utilisation'' was about average. In other words, the current unemployment rate is a long way from slit-your-wrists stuff, but business has become spoiled after such a long golden run of employment growth producing ever-growing ranks of cashed-up consumers. The bad news was the RBA noting that capacity utilisation will decline over the rest of the year, meaning unemployment will continue to rise. Much of that spare capacity comes from our population... (Sydney Morning Herald -- Business)
RBA set to leave rates on hold Jul 4, 2009
The minutes of the June board meeting said the economic outlook was for a ''fairly gradual expansion getting underway later in the year'' despite spare capacity tending to increase and inflation tending to decline. One indicator that suggested consumer confidence was growing was retail sales, which had risen for three months in a row. (Sydney Morning Herald -- Business)
Eurozone inflation turns negative Jul 1, 2009
"At this stage, we expect negative inflation rates for the next six months or so. With factory gate prices falling, wage growth likely to slow sharply and a big amount of spare capacity in the economy, core inflation will decelerate considerably.". But European Central Bank officials have played down the threat of deflation, saying that any fall in prices is likely to be temporary and linked to the drop in oil price. (BBC News -- Business)
IEA Cuts Forecast, Says Oil Demand to Be Below Last Year's Level Until '12 Jun 30, 2009
While the economic slump tempers global demand growth, it may also cause supply to shrink as lower exploration and production spending delays projects and reduces spare capacity, according to the IEA.. Supplies from outside OPEC are forecast to decline by 0. (Bloomberg -- Canada)
Oil prices hit reverse as Wall Street slips Jun 27, 2009
"While the markets are adding a geopolitical risk premium for OPEC member Nigeria's supply concerns, it is less than what would have been in other market conditions amid the current large level of commercial stocks and spare capacity at the moment," said Nimit Khamar, energy analyst at Sucden brokers in London. "However, market participants remain on edge as it appears unlikely that OPEC would increase production in order to compensate for Nigeria's loss of supply.". (Yahoo! Asia News)
Oil price shows resilience to pipeline attacks Jun 27, 2009
We do not envisage prices moving significantly beyond this level, as we believe the Saudis would increase production from their ample spare capacity so that a $70 price is maintained, they said. Nymex August West Texas Intermediate fell 1. (FT.com -- Markets)
US consumer spending ticks up amid income jump Jun 27, 2009
" Guateri noted that core inflation "should drift lower given that the economy is expected to operate with the most spare capacity in at least six decades. " Recommend News Search Top Stories ADVERTISEMENT Most Popular Most Viewed Most Recommended Elsewhere on Yahoo! More on Yahoo! News Subscribe to our news feedsTop Stories? | Also on Yahoo! ? Site Highlights Copyright ? 2009 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved.. (Yahoo! Asia News)
