The EU proposed aviation carbon tax will be levied plan frozen for one year

According to Dow Jones Newswires reported, the European Commission on Monday proposed a plan to freeze the relevant requirements of the aviation industry to participate in the EU's carbon emissions trading system for one year.

EU Climate Commissioner Connie Hedegaard announced the proposal. The EU levied aviation carbon tax plan has sparked strong resentment from the major economies of the United States, China and India, the above proposal marks an important step forward in the EU to ease these tensions.

The above proposal is made ​​in the last week ICAO progress on carbon emissions from international regulatory issues, the need to obtain the support of the EU member states and the European Parliament before implementation.

Google co Acer released a new version of the Chromebook, priced at $ 199

On his blog today, Google announced that this cooperation with Acer Code C7, Chromebook formal market, the United States will from tomorrow to Google Play, Best buying network, one hundred thinking to buy line flagship store opened for sale, the United Kingdom is already in Google Play , Amazon UK, PC World and Currys started selling. Google says they are working Chromebook brought to more countries go.

They released the Chromebook seems a little too often, last month, Samsung has just released a $ 249 Chromebook, they pull to Acer announced a cheaper, is it really tasted Android thousand machines the sweetness of it? The reason why this new Chromebook so cheap, because they save some of the cost of the battery slightly: this Chromebook's life time is only three and a half hours.

In addition to the battery, the configuration of this machine is fairly satisfactory. The full-size keyboard, touchpad supports gesture operation, the 11.6-inch screen. Boot time of 18 seconds, an instant wake-up in the Standby case, they said that this machine can "smooth playback of high-definition video". This device, with the Nexus 7 price, really I could not help but be curious want to personally try.

Storage, in addition to the space of two years of free 100G Google Drive Google sent the machine itself also provides 320G local storage space, which is very practical, because the network is not necessarily at any time.

    The 11.6-inch screen with a resolution of 1366 x 768;

    1 inch thick to about 2.54 cm (1 inch), 3 pounds (1.4Kg);

    Time of 3.5 hours of battery life, depending on the environment and the use of the case may be;

    Intel Core processor;

    100GB Google Dirve two years of free, 320GB local storage;

    Support for Wi-Fi 802.11 a / b / g / n;

    HD camera;

    Three USB ports, an HDMI port, a VGA port;

Google recently busy playing small tablet war with Apple and Amazon, but just like Apple did not forget to do the tablet at the same time improved Mac, Google also has sought to allow the Chromebook rapid occupation market. Now looks cheap will become the first killer.

199 knives, this price is almost more than a few years ago the price of the netbook cheap, with a Nexus 7 price fairly, but we also know that the Chromebook system itself is a browser and leave the network, it will lose the independent viability, which also allow some users away. This time again, price cuts and provide local storage space, can move the user to allow users to open their wallets?

Global capital market now Obama effect

Beijing time yesterday around noon, the global news agency almost simultaneously broadcast with a message - Obama beat Romney, has been elected the 57th President of the United States. Financial markets, many people believe that Obama won re-election just a week before the hurricane landed in the United States, "Sandy" "The Butterfly Effect". First, never mind whether this association is tricky, the news spread, butterfly wings seem to continue flapping of global stock markets and foreign exchange markets have had an impact on the Obama victory.

"Friends of Gold"

The end of the U.S. presidential election to give gold, silver inject a needle "tonic" as the representative of the precious metals price movements. Obama's successful re-election after the announcement of the results of President of the United States, the precious metals market, the rapid rise, and as of November 7, 2011, the international price of gold rose further expand, or more than 2%, while spot silver rose more than 3.43%.

"Obama's victory means that gold prices will continue to rise, because Obama may continue to maintain a loose monetary policy, this is a key factor supporting higher gold prices in recent years." Analysts pointed out that, due to QE3 policy will continue execution, the market for a corresponding increase in inflation expectations, the dollar is likely to extend the current depreciation of the road, gold and silver will likely end of the recent downward trend, open a new round of upward trend. Previously, the international price of gold once fell to 1670 U.S. dollars / ounce near. Jim Rogers also said, "during Obama's new policy will push up commodity prices and drive down the dollar prices for gold, silver and other precious metals rose, market participants have quipped," gold find new friend, that is Obama. "

Era of the weak dollar to continue

Obama won, the U.S. dollar has plummeted. Noon yesterday, Obama won re-election message spread, the dollar fell across the board against the major currencies of the world, the U.S. Dollar Index intraday diving, fell to an intraday low of 80.27, compared to yesterday, the highest price of 80.72, diving by more than 0.5%. Euro, British pound and commodity risk assets were a rise in the price, section 9 of the 10 days of the RMB exchange rate hit a limit line.

Obama and rival Mitt Romney seem like economic policy, the Obama master Zhang Xiangfu tax and the implementation of the industrialization strategy of the real economy to return to the United States; Romney is considered to be returned to a free economy. Has been institutional analysis that the Obama re-election will be negative for the dollar, Romney wins then the positive stock market.

Fudan University School of Economics Professor Sun Lijian [microblogging] said, Obama wants to solve the problem of security of employment in low-and middle-income, the let loose monetary policy is more long-term, the dollar will face devaluation expectations. However, this also makes the pressure of RMB appreciation. In addition, BOC International analyst Chen Jing said, did not identify the reasons for the continued appreciation of the yuan, even with only short-term arbitrage capital inflows, and does not exist for a long time. With the recovery of the U.S. economy, these funds will once again return to the United States.

Domestic oil prices down window delay

International oil prices, the biggest one-day gain in nearly a month to greet Obama re-election. 6, 2009, as a barometer of New York crude oil futures WTI rose $ 3 to close at $ 88.71 a barrel, or 3.75%. With the U.S. presidential election dust settles, the international oil prices showed a slight rebound in the Asian session yesterday. The number of institutional analysis pointed out that Obama's re-election means that the U.S. quantitative easing measures continued, commodities get a boost. The short-term oil prices are slightly higher trend, but the rate of change of the die hard three to curve only may lead to a decline narrowed.

Therefore, the domestic refined oil price adjustment window may be delayed. Institutions have some the forecast price adjustment window open will be the 12th, and some point to the 13th, and some fell below 15 -4% red line. This means that the price adjustment may be delayed until mid-November. Prior to the institutions determine the fastest price adjustment window will open on November 9.

The A shares Colored shares counteroffensives

Obama re-election or implies that monetary easing continues, the A-share market of non-ferrous metal plate yesterday, becoming the most active segment of the day trading. At the close, the A-share stock index reported closed at 2105.73 points, down 0.27 points, or 0.01%, but the non-ferrous smelting and processing sector rose 1.59% to buck the trend, which Yi balls resources (11.85, -0.05, -0.42%) (601 388) and the Loften shares (11.89, -0.84, -6.60%) (002,379) two related stocks daily limit.

In addition to the A-share industry got a boost, Asia-Pacific's major stock markets also majority ended up, the Korea Composite Index rose 0.49 percent, the the ASX Ordinaries Index rose 0.68%, Taiwan's weighted index rose 0.70 percent, Hong Kong's Hang Seng Index closed up 0.71%.

■ Lace

Aucma (4.68, -0.09, -1.89%) soiled light of Obama?

If the commodity sector under Obama's re-election success of the counteroffensives the stock market is still excusable if Aucma (600,336) at the moment of the A-share market yesterday broke out, say puzzling.

Morning market opened yesterday, the the Aucma stock price has been to follow the broader market tumbled, but in the afternoon, after the re-opening of Aucma uncharacteristically, suddenly pulled straight line, rose by more than 4%, swept away morning dismal, become a no sign of a "dark horse . " Securities market news reporters search yesterday, has not found that the Aucma any public messages can affect the price of financial markets research institutions did not this explanation is given.

In this regard, the anecdotal answer, the U.S. presidential election dust settles, Obama successfully re-elected, Aucma the pronunciation and Obama similar, and therefore particularly favored by hot money. "The more investors joked," Obama brother Aucma is expected to benefit from them, a man is just few kilometers from heaven thing. "At the close the Aucma closed at 4.96 yuan, or 0.40%.

■ view

China was ready to

To meet the "QE4"?

"In QE3 after a, we may will usher in the introduction of QE4. Economics, Fudan University, vice president of Sun Lijian, Obama re-elected President of the United States is twofold: First, monetary easing policies dollar impact on the Chinese economy, strengthening Chinese RMB appreciation expectations; China trade barriers will be upgraded, pressure may be brought to the Chinese export.

Experts on international issues, the University of International Business and Economics Visiting Professor Zhao Qingming [microblogging] an interview with reporters, said Obama and Romney's competition, and not too much mention of the RMB exchange rate issue, but that does not mean he will neglect this problem, the current U.S. employment pressure is still great, the United States may still be pressure on the exchange rate issue, In addition, the trade friction between the two countries in the future may be more, the U.S. government also may be related to the industrial sector collaborate with each other to jointly resist imports, strengthening export in order to achieve their "re-industrialization" strategy and plan to double exports.

U.S. shale gas revolution brought about what

U.S. shale gas revolution is changing the international energy map and geopolitical.

Beginning in 2005, thanks to breakthroughs in shale gas technology for large-scale development of U.S. shale gas. Shale gas production in 2007 was 36.62 billion cubic meters, up to 180 billion cubic meters in 2011. Expected 2035 U.S. shale gas production will account for 45% of the total production of the domestic natural gas.

Oil trader Mercuria Energy Group CEO Mark Donald said in an interview with this reporter, the shale gas revolution so that the U.S. energy prices greatly reduced, the United States has become the world's cheapest gas supply side, the increase of gas prices right to speak, The global economic and geopolitical significant impact.

Because of the price advantage of natural gas, in addition to its clean and efficient features, has been formed on the coal, oil and other traditional energy impact. "Due to a drop in demand, some of the coal producers and traders began bankruptcy. U.S. natural gas and coal is mainly used for power generation, is a competitive relationship, Coal and Electricity proportion began to decline." Donald introduced.

United States Department of Energy (EIA) released "Energy Outlook 2012 report," said U.S. energy consumption structure, the proportion of coal consumption has shrunk to 32%, the proportion of natural gas consumption from 20% to 32% in

Coal demand to bring down the price of coal fell sharply, the U.S. coal exports find markets. The data show that the U.S. coal over the past three years, a net export growth rate of 24%, the 2011 net export volume of 94 million tons, accounting for 12.5% ​​of world trade. EIA expects that this year, the U.S. will export 125 million tons of coal.

In the area of ​​the United States exports, China is the main market. 1 to September, China's coal imports of 203 million tons, an increase of 36.3%. Among these, there are a considerable number are sourced from the United States. To import large quantities of low-cost coal and domestic coal prices clamp. It is also important factors affect port coal price trend.

U.S. shale gas utilization is also a certain pressure on oil consumption and imports. The data show that decreasing the U.S. net imports of crude oil (85.15, -0.42, -0.49%), decreased from 656 million tons in 2005 to 445 million tons in 2011, has returned to the level of 15 years ago.

According to U.S. experts speculate that U.S. oil imports will continue to decrease. In the large-scale development of shale gas from 2008 to 2011, U.S. crude oil imports annual growth rate of -2.97%. Accordingly, the growth rate calculations, U.S. crude oil imports about 338 million tons in 2020. By then, China has become the world's largest crude oil importing country, China will undertake greater international pressure.

Of course, the status of the oil is still not shake the oil still is the main fuel for motor vehicles, renewable energy, although the energy generation, but not directly replace petroleum as a power fuel. "Donald told the author.

It is clear that the United States not only rely on shale gas solved the import dependency, supply and demand will also impact on a broader range of global resources. China's energy trade, energy market also indirectly affected.

Successful precedent in the United States, China shale gas started, will make a series of financial subsidies, system design, access mechanism, market management arrangements.

Which first brought the innovations of the resource management system. Up to now, the Ministry of Land and Resources of shale gas mineral rights twice a tender to sell to break the monopoly of the oil and gas resources in the long-standing, allowing small and medium enterprises, non-oil and gas companies involved in the exploration and development of shale gas.

In addition, the shale gas resource occurrence conditions, terrain and the United States are not the same need to apply to the local shale gas drilling and fracturing technology. So far, our only initial grasp of the vertical well fracturing shale gas exploration and development technology, not yet mastered the technical expertise of the sub-horizontal wells and fracturing.

Shale gas technical progress and innovation, and will also activate the domestic technology services and consulting and training market. Recently, private enterprises SPT Energy Group established collaboration with the American Institute of Gas Technology Training and Consultation Centre of shale gas.

In addition to the technical needs of large-scale development of shale gas starts Forced domestic market reforms, institutional changes. To coalbed methane, for example, the production of coalbed methane development years, capacity is still at an early stage of development, and is influenced by institutional mechanisms. The commercial development of shale gas needs to open up the market, which include the tenement block, access to markets, the price of natural gas, engineering services, and financial market reforms in many areas.

The common retirement MPFA black hole is difficult to fill

November 11, Sunday. Retirement "buddy", the "boss" of things. Hong Kong Mandatory Provident Fund was launched in December 2000. In Hong Kong, the collapse of small businesses and owed to the employees pension even heard, provident fund or MPF employer as long as the time to the account into the fixed sum of money, the responsibility of the employee on retirement protection, the moment of leaving the beneficiary of the scheme ( not necessarily the retirement age) has been completed, the private sector pension payment issue, Hong Kong's economy will not become a burden.

However, the United States, Britain, the situation is very different. Judging from the recent trend, the private sector retirement plans are insolvent worsening, not without effect on corporate investment sentiment; Anglo-American low beyond low interest rate environment, and make it more difficult for commercial organizations out of the "MPF black hole".

Retirement plans alternation

The dilemma faced by the Anglo-American retirement protection scheme, on the Mainland and Hong Kong Although there is no direct impact on awash in cash, but the giant enterprises in the West refused to invest in central bank policy to do anything to the extreme, still unable to stimulate business expansion recruit. Why is this so? The uncertain economic outlook, the "MPF black hole" is a big reason.

Common retirement protection scheme is mainly divided into two categories, one for fixed pension benefit plans (defined benefit plans, DB); another pension contribution plans (defined contribution plans, the DC). Such as the Hong Kong launch of the MPF, most of the original employer DB plans, after the advent of the DC retirement plans, divergent after replaced. Anglo-American enterprise, still fixed income plan to provide new employees have been rare.

DB and DC What's the difference? In short, DB is a bit like the civil service pension system, employers calculated in accordance with the specific equation the employees deserved retirement income, and timing fixed payment plan until the beneficiary death. DB schema, market risk, and assets under management responsibility borne by the employer Yili. Market fluctuations or insufficient to meet the employers' commitment to pay a fixed amount of revenue generated by the investment project, corporate responsibility for the completion of the retired employees, must make up the difference, employer liabilities in retirement budget increase in the amount of column. The situation does not improve, the pension insolvent hardly surprising.

Today in Britain and the United States has almost completely replace DB DC pension plans. Employers, employees defined contribution arrangements, bilateral relations at the end of the labor contract Huashangjuhao capital injection to the pension accounts. Under the defined contribution plan, the employees after retirement can enjoy ideal protection, depending on the DC plan investment performance in the engagement period, while the selection and management of assets, the responsibility falls on the employee who has nothing to do with employers Yigai. The most referenced U.S. pension contribution plan, the private sector 401 (k), the public sector and not-for-profit organization, compared with 403 (b).

Anglo-American enterprise collective DC replace DB pension problem seems to be solved completely, but this is not the case. Employers stop fixed income retirement plan to new employees, but the original beneficiary of the DB plans still can not shirk its responsibility. Annual "Purple Book" published last Wednesday by the British retirement funds (Pension Protection Fund, PPF) to see the the old Bi startled.

Insolvent

The PPF figures cited in the report, as of the end of March this year, the All England still fixed income plans up to 6316 qualified pension coverage up to 1170 people. As of March 31, 1.0268 one trillion pounds over six thousand total assets of the plan, but the debt had reached £ 1.231 trillion. In other words, the British qualified DB plans recorded a deficit of 204.2 billion pounds. The same period last year, the deficit amount to 1.2 billion pounds, just one year by more than 200 billion pounds deficit actually mad!

British fixed-income retirement plans such as the potential bottomless pit, the main reason is that the amount of Bank of England to implement wide policy, to purchase debt pressure interest rates, the British bond yields kept falling. DB plans, employers bear the responsibility for payment of the fixed-income retired employees. For example, employers promise to pay a fixed income of 5000 pounds in the year after the retirement of the plan beneficiaries, assuming interest rate of 5% per annum, pension accounts only for 10 million pounds will be enough.

However, if the interest rate halved to 2.5%, the amount in the account will have doubled to 20 million pounds in order to fulfill the responsibility to pay 5000 pounds per year of fixed income.

UK DB pension plan liabilities part, generally in accordance with a AA credit rating the level of corporate bond yields. In the past four years, the United Kingdom Level AA corporate bond yields halved from 7.7% to 3.7%, during the corresponding doubling of the amount of the liability of the fixed-income retirement plan. Yes, rising bond prices will rise in the value of assets in the DB account. However, in recent years, the situation, the pension assets of value-added speed backward in debt to the speed, so that the "retired black hole by £ 200 billion in just one year, between mad.

Rising interest rates will definitely help soothing pension insolvent, but the rate hike impact on stock and bond will make pension asset values ​​fell, liabilities down the pace if able to catch up with asset impairment, improving pension insolvent phenomenon does not help.

Anglo-American enterprise in the central bank repeated shots to stimulate investment, and would rather not awash in cash to expand its business to become a miser. MPF black hole "difficult to fill, is a neglected and important reasons!

Reuters: New York Stock Exchange suspended trading of more than 200 stocks

NYSE Euronext Group after the opening bell on Monday announced the suspension of trading of more than 200 stocks, mainly because the server technical problems, but these stocks can continue trading in other markets. Those affected by the stock did not perform the closing, based on the closing price of the last trading New York Stock Exchange announced by e-mail, and the New York Stock Exchange website. First 9:38 EST, the New York Stock Exchange issued a warning to the traders, the engine can not be used to match the stock trading normal operation, a total of 216 stocks affected, including the United States may be health Corporation (CVS Caremark Corp.) and Reid Group (Lazard Ltd). Group NASDAQ, BATS Global Market and Direct Edge to stop sending orders to the New York Stock Exchange, announced a "self-help" deal. The New York Stock Exchange spokesman Rich (Rich Adamonis) • Edmund Nice, orders sent to the New York Stock Exchange has not been confirmed, it is recommended to stop the execution of transactions on the NYSE, traders should consider canceling outstanding orders. The Edmund Nice, closing around 15:00 server problem is still under investigation, they will stock trading to a new trading platform, is expected on Tuesday to resume normal. New York Stock Exchange rose 1.4%, to $ 23.26.

The international financial Morning: EU proposal to suspend the imposition of aviation carbon tax

The International Energy Agency released a report that, in 2017, the United States will more than Saudi Arabia to become the world's largest oil producer, the United States will achieve energy self-sufficiency by 2035, which will impact on the pattern of global energy.

New York Stock Exchange [microblogging] temporarily suspended due to a technical fault on the 12th trading of 200 shares.

Romney campaign adviser, economist Glenn Hubbard said, in order to avoid a financial cliff, the U.S. Congress should agree to increase taxes on the wealthy, which is the first Republican economists publicly supported tax increases, Republican relented sign.

EU finance ministers will decide will be allocated to Greece's latest $ 31.5 billion euros aid and again and again, week after discussion, because of disagreement on the issue of deficit reduction in Greece, the EU and the IMF.

The EU announced the carbon tax for foreign airlines suspended for one year, the tax would have been the United States, China, Russia and other countries strongly oppose.

Italian Prime Minister Mario Monti said he did not want to continue as prime minister after the parliamentary elections in April next year.

Spanish Banking Association commitment to those unable to subordinated loans and economic difficulties in family housing within the next two years will no longer be confiscated.

Russia's gross domestic product (GDP) in the third quarter of year-on-year increase of 2.9%, the growth rate slowed down compared with the previous two quarters.

Bloomberg announced to launch a platform similar to Apple's iTunes in its terminals, users can develop their own applications and sales through the terminal.

Mark Thompson officially took office, the new president of the New York Times, the BBC's former head of undertaking the arduous task to find the road to recovery, how to lead the traditional media in the era of new media.