November 9Th International Financial Media Headlines

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Wall Street Journal: AOL hire consultants or seek merger with YAHOO

According to sources, AOL has hired financial advisers to explore strategic options, one of which is to merge with rival YAHOO.

AOL chief executive Tim Armstrong said recently that AOL's alliance with YAHOO would benefit both companies.

YAHOO's stock price has been in decline since it rejected the offer from Microsoft in 2008.

YAHOO's earnings report released last month showed that the company's third quarter revenue was $1 billion 600 million, an increase of 2% over the same period last year, and net profit of $396 million, up from 186 million US dollars in the same period last year.

AOL has a market capitalization of about $2 billion 660 million and revenue of $563 million 500 thousand, down 26% from the same period last year.

MarketWatch:AIG appointment of new chief risk officer

AIG on Monday appointed Sid Sankaran Sankaran as the new chief risk control officer of the Sid.

He will take over the retiring Robert Lewis (Robert Lewis).

Sang Karan will supervise the risk control officer of all the business units within the AIG and be responsible for the company's risk management.

Sang Karan was previously a partner in the financial industry and risk control of Oliver wemen Financial Services Company.

New York Times: Obama urged to sign a free trade agreement with South Korea as soon as possible

On Monday, US trade representative Kirk (Ron Kirk) met with South Korean Minister of foreign affairs and trade, Jin Yonghong (Kim Jong-hoon).

As part of Obama's 10 visit to Asia, he will face the Korean President Lee Myung-bak on Thursday. The two sides will attend the group of 20 meeting on Wednesday.

"We hope that the two sides can reach an agreement," Lee Myung-bak said in an interview in Seoul on Saturday.

We need to ensure that everyone has the determination to maintain an open market and put an end to trade protectionism. "

Lee Myung-bak added that the agreement between the US and South Korea will help further strengthen the 60 year partnership.

But from now on, there are still differences between the two sides in the free trade agreement.

In order to negotiate the differences between the ROK and the us free trade agreement, South Korean Foreign Ministry officials met with us trade negotiators in Seoul on 8 th.

South Korean media reported that the heads of the two countries had stressed the need to reach an agreement on the issue of FTA on the 11 day of the twenty summit of the group of nations in Seoul. Therefore, the negotiators of the two sides expect to reach a compromise between the 9 and 10 days.

CNBC: Wall Street lobbyist aims at Volcker rule details.

The the Wall Street firm's main public relations group, Securities Industry and Financial Markets Association, said on Monday that it hopes to participate in the revision of the Volcker rule.

The Volcker rule is an important part of the Obama administration's massive financial regulatory reform program, which aims to limit high-risk pactions in the banking sector.

At present, the securities industry and Financial Market Association of the United States represents hundreds of securities companies, banks and Asset Management Co, including Goldman Sachs and Bank of America.

At the opening ceremony of its annual meeting, the securities industry and Financial Market Association of the United States said that after the credit crisis had a huge impact on the global financial system, the agency would actively promote the formulation of the "Volcker rule" and make it really effective.

Tim Ryan, chairman of the securities industry and Financial Market Association, said: "we will work together with the Obama administration, the regulatory authorities and the US Congress to restore confidence in our financial markets." (Ryan)

CNNMoney: global buying of treasury bonds

The group of 20 meeting will be held on Wednesday. However, due to the impact of the Federal Reserve's treasury bond purchase plan, the differences between the rest of the world in favor of the United States are gradually increasing, and the atmosphere on the eve of the conference is very intense.

The Fed's interest rate meeting ended on Wednesday.

After the meeting, the Fed said it would buy $600 billion of treasury bonds in the next 8 months.

Because the scale of treasury bonds purchases is higher than the expectation of US $500 billion in the previous market, the US stock market has gained popularity and the stock market has risen sharply.

But there are not many voices in favor of the Federal Reserve's treasury bond purchase plan.

The South Korean Central Bank issued a statement on Thursday, saying it would take a series of measures to curb capital inflows.

German finance minister Wolfgang Schauble (Wolfgang Sch uble) has been more critical. He believes that the Fed's actions "have no clue".

Bloomberg: McDonald's global same store sales increased 6.5% in October

McDonald's Corp, the world's fast food giant, said on Monday that its comparable comparable store sales in the world increased by 6.5% in October.

The sales of American stores increased by 5.6% compared with the same store.

Same store sales in Europe grew by 5.8%, while the same store sales in Asia / Pacific, Middle East and Africa increased by 5.3%.

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YAHOO Finance: international oil prices surged to 25 month high

Thanks to recent strong price rises in other commodities such as precious metals, international crude oil prices have gone up again in Monday's trading and set the highest price since October 2008.

At present, international crude oil futures prices have risen for six consecutive trading days, gold prices have reached a new high, while silver prices have hit a high point in nearly thirty years.

Because investors lack confidence in the value of money, crude oil and precious metals have become the most ideal alternative products.

PFGBest analyst Phil Flynn said: "the rise in crude oil prices has been driven by other markets. In the current situation, the trend of crude oil prices is closely following the pace of gold and other commodities."

In trading on the New York Mercantile Exchange on Monday, the delivery of crude oil futures in December rose 21 cents, to $87.06 a barrel, the highest price since October 8, 2008.

In the past year, crude oil prices have risen by 12%.

Reuters: inside the Federal Reserve, there are differences on bond acquisition projects.

On Monday, a number of important officials of the Federal Reserve issued a different view on its new round of government bond acquisition program launched last week.

One official pointed out that the $600 billion package would help the US economy avoid the risk of deflation, while another official pointed out that the scale of the new round of bond acquisition must be restrained.

It is reported that the Fed's top officials who are divided on their viewpoints include Brad (James Bullard) of the Saint Louis Federal Reserve, Fisher (Richard Fisher) of the Dallas fed, Thomas Hoenig of Kansas City Federal Reserve and Walsh (Kevin Warsh).

This also reflects the divergence of the Federal Reserve's internal issue on this issue.

Brad said to securities analysts: "although the scheme can bring risks and benefits, overall, the benefits of the scheme outweigh the disadvantages."

Brad also pointed out that although the worries about inflation risk brought about by the scheme are reasonable and important, the risk of deflation is more noteworthy in the current situation.

Nikkei news: Tianma Airlines intends to buy Airbus A380

Skymark Airlines Inc., Japan's low-cost airline operator, said on Monday that it will purchase up to six Airbus A380 aircraft, mainly to meet its operational requirements for international flights before 2014.

This will be the first time that Tianma Airlines has bought the Airbus. The company's flights are now made up of 737 medium-sized airliners produced by Boeing.

Tianma Airlines has signed a basic agreement with the Airbus Company and is expected to sign a formal agreement next spring.

Airbus A380 completed its maiden flight in 2005 and became the world's largest passenger plane, which has a maximum capacity of 800 passengers.

Tianma airlines, known for its cheap domestic routes, is now planning to expand its routes to Asia and elsewhere.

India times: India gold and silver price innovation high

On Monday, the price of gold and silver, which was denominated in the currency of the country, hit a record high in India, mainly due to the upcoming wedding season, which brought large quantities of stock to retail wholesalers and jewelers.

Jewelers say that although the gold price in the international market has reached a record high with the support of a weak dollar, and silver prices have also reached their highest level in 30 years, investors' trading sentiment is still very optimistic.

In the international market, gold futures have reached an all-time high of 1398.60 yuan per ounce, and silver futures also hit the highest level since March 1980, at $26.99 a pound.

The price trend of precious metals in the international market usually determines the price trend in India.

In India, gold prices of 99.9% and 99.5% gold rose by 235 rupees to 20335 rupees and 20235 rupees per gram.

Similarly, the price of silver in India has also risen by 1000 rupees to 39900 rupees per kilogram of the highest history.