October 27Th International Financial Media Headlines

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Bloomberg: the Fed does not oppose the government's disclosure of loan details.

The US Federal Reserve will not join the ranks of the largest commercial banks in the United States, calling on the US Supreme Court to stop the US government from disclosing information related to emergency loans to financial institutions in 2008.

The Fed's move means that the hope of the Supreme Court's appeal to bank groups is even less promising.

The Clearing House Association LLC today submitted the above application to the Supreme Court.

Under the federal appeals rule, the lower court's request for financial institutions to disclose loan information will continue until the Supreme Court decides.

Kit Wheatley, the Federal Reserve attorney, today confirmed that the central bank will not join the applications of commercial bank groups.

Financial Times: JP Morgan is close to completing the acquisition fund Gavea

JP Morgan chase is close to completing a takeover of a hedge fund managed by a former central bank governor in Brazil with a paction value of US $6 billion, which will further expand the US bank's investment in fast-growing developing countries.

According to people familiar with the matter, JP Morgan's hedge fund was a hedge fund Gavea created by Arminio Fra, the former governor of the Central Bank of Brazil.

After nearly a few months of negotiations, the deal will be announced as early as Wednesday.

Like other Wall Street executives, JP Morgan's chief executive, Jamie Damon, also wants to increase his company's presence in fast-growing emerging markets when the developed economies are facing sluggish growth.

CNNMoney: Apple iPhone sales hit $20 billion

The latest sales figures released by Apple Corp on Monday show that in the third quarter of this year, the company launched a total of 14 million 100 thousand iPhone and achieved a record high of $20 billion in sales revenue.

Steve Jobs, chief executive of apple, said it was totally unbelievable for such exciting news.

But Steve Jobs also promised that in the rest of the year, Apple's electronic products will surprise the market and write a bigger myth.

Compared with the same period in 2009, Apple's iPhone sales increased by 91% in the third quarter of this year.

Even Wall Street analysts, who are most optimistic about iPhone, underestimated the true strength of iPhone.

IPhone sales performance is far higher than earlier market expectations.

In the third quarter of this year, Apple sold 3 million 900 thousand Macintosh computers, an increase of 27% over the two quarter of this year, and also exceeded market expectations.

Apple TV also sold 250 thousand units in the quarter.

Marketwatch: US mortgage interest rate is expected to rise

The US mortgage bankers' interest rate may have bottomed out at the current annual meeting of Mortgage Bankers Association on Tuesday, and it is expected to gradually increase to 5% by the end of 2011.

According to the agency's forecast, the average interest rate of 30 year fixed rate mortgage loans in the fourth quarter of this year will be 4.4%, while it will rise to 4.7% in the first quarter of 2011, and will rise to 5.1% by the end of 2011.

Jay Brinkmann, chief economist of the US Mortgage Bankers Association, said the data is expected to be based on the assumption that the Federal Reserve will not introduce any important measures in the coming period.

The Fed has said earlier that more measures will be taken to stimulate the growth of the US economy, while Brickman said that such measures are likely to be carried out through the acquisition of treasury bonds.

But Brickman added that the Fed's action plan has been widely anticipated by the market and has been reflected in the current mortgage interest rate level.

CNBC: Goldman Sachs increases its 50 year bond issuance scale

The US investment banking giant Goldman Sachs announced on Tuesday that the company's decision to raise its 50 year corporate debt to $1 billion 300 million has increased sharply compared with the original planned $250 million because of strong demand.

In fact, banking companies rarely issue long maturities. Generally speaking, such companies have maturities of 10 years or shorter.

According to the materials submitted by Goldman Sachs to the US securities regulatory authorities, the company issued 52 million bonds, with a price of $25 per share and a yield of 6.125%.

If Goldman fails to buy a buy back plan ahead of time, the bond will expire in 2060.

According to Goldman's previous issuance plan, its debt issuance will be only 10 million.

YAHOO Finance: slow growth, steel industry downturn

Due to the serious imbalance of global economic growth, the outlook for the steel industry is generally pessimistic.

At present, the decline in the price of steel products has led to a decline in the business income of steel enterprises, and the rise in costs has further exacerbated the business difficulties of these companies.

Analysts believe that the situation in the steel industry is difficult to improve substantially for the rest of the year.

On Tuesday, two of the world's largest Steel Corp reported the latest results, but they were unsatisfactory.

On Tuesday, the largest steelmaker in the world, Arcelor Mittal and the largest steel producer of the US Steel Group, said that as the largest downstream customer of the steel industry, the slow recovery process in the construction industry was the main reason for its low performance.

At the same time, demand for iron and steel products has not yet returned to pre crisis levels in spite of a certain degree of recovery in other sectors such as automobiles and home appliances.

Argus Research analyst Cyrus Ki (Bill Selesky) said Steel Corp customers had taken steps to reduce purchase orders for fear of uncertainty over the economic outlook.

Wall Street Journal: Berkshire's new high level is alleged to be out of line with corporate culture.

Buffett, the US stock investor, announced this week that he hired Todd Combs, a hedge fund manager, to join Berkshire and take charge of a sizeable portfolio business.

But it is thought that although Cobos has made great progress in recent years, his fast forward operation style is not consistent with Berkshire's investment culture.

As we all know, Buffett has always been known for his "buy and hold" investment philosophy.

At present, many of Berkshire's heavy holdings are Buffett's holdings decades ago, such as Coca-Cola and American Express.

According to Berkshire's latest position in June 30th this year, 33 of the 41 stocks held by the company have been holding for more than 1 years.

Burlington Northern Santa Fe, a railway operator not released by Berkshire, has completed its acquisition in February of this year by Buffett with cash plus stock and a total of $27 billion.

Contrary to this, 16 of the 31 stocks that Cobos invested in the past year held less than a year.

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New York Times: Ford has made profits for six consecutive quarters

Thanks to the increasing share of the US market in the US market, the notable reduction in expenditure and the increase in the price of cars and trucks, Ford Motor Co. in the three quarter of this year increased its net earnings by 68%.

Ford has been profitable for sixth consecutive quarters, and the season is the third best quarter since 1990.

According to the three quarter earnings report released by Ford, the company's quarterly profits amounted to $1 billion 700 million, or 43 cents per share, better than the expectations of Wall Street experts. Last year, the company's profit was about 1 billion dollars, or 26 cents per share.

In addition, Ford's total revenue in the quarter dropped from $30 billion to $29 billion, or about 3%.

However, the company said that if its Volvo brand's revenue impact in 2009 was removed, the company's revenue actually increased by $1 billion 700 million during the quarter.

Reuters: GlaxoSmithKline $750 million to settle judicial disputes

The US Department of Justice said on Tuesday that the GlaxoSmithKline Plc had pleaded guilty to the manufacture and distribution of adulterant drugs in a Puerto Rican company and agreed to pay a fine of $750 million.

GlaxoSmithKline said in July that the company had reached a principled agreement with the US Department of justice on the quality of products in Puerto Rico, and would pay fines to end the US Department of justice's allegations.

At present, GlaxoSmithKline has shut down factories with problems.

GlaxoSmithKline will use $600 million of the $750 million fine imposed by GlaxoSmithKline to settle the accusation of the US Department of justice.

The latter has said that because of the adulteration of drugs produced by GlaxoSmithKline, the subsidy requirements submitted by the company to the US health care project can not be established.

Thestreet: DreamWorks quarterly earnings rise

DreamWorks Animation SKG released its third quarter earnings on Tuesday.

Data show that in the financial season, thanks to the Hollywood animation "Shrek 4: Shrek Forever After" good international box office results, DreamWorks Animation profits rose sharply.

Shrek 4: Shrek Forever After has also become the most popular piece in DreamWorks Animation history.

DreamWorks Animation said in an earnings statement released by the company that it achieved a profit of $39 million 800 thousand in the third quarter ended September 30th, and a profit of 47 cents after diluted earnings.

The same period in 2009 was 19 million 600 thousand dollars, and the contract profit was 23 cents per share.

The profit is also much higher than market analysts expect 35 cents per share.

Operating income increased 39.4% from the previous quarter to 135 million 400 thousand US dollars to 188 million 900 thousand US dollars.

Nikkei news: Nissan's domestic sales dropped by 30% after the end of subsidies.

Nissan Motor Company said Tuesday that the company's auto orders in Japan fell 30% to 35% in September this year due to the end of the government's environmental vehicle purchase subsidy.

"Since the launch of March and other new models this summer, the volume of passenger flow in dealer showrooms has been maintained at a level of 10% to 20% lower than a year ago," said Kun Tong, a senior vice president in charge of marketing and sales at Nissan automobile today.

He added, "the decline in orders is within the expected range, but the actual situation may be more serious than the figures. During the period from July to August, Nissan's domestic orders fell to half of the same period last year."

Mr. Tung Tung made his remarks after unveiling the elegant hybrid model at Nissan's Yokohama headquarters.

After the Japanese government abolished subsidies for the purchase of environmentally friendly cars, domestic orders such as TOYOTA, Honda and other auto manufacturers also declined.

India times: Indian Finance Minister said economic growth will return to 9%

Pranab Mukerjee, Minister of finance of India, said that India's economic growth rate will soon return to 9%. Although domestic inflation has dropped from 8.6% figure in June to 8.6%, price inflation will still become a top priority for the government.

He said India's ideal inflation rate was 4% to 5%, initially estimated at about 6% this year.

Inflation has become a major political issue in India, with inflation rate of 8.6% in September.

As of October 9th, India's food inflation reached an alarming 15.53%.

As for economic growth, Mu Keji said he expects the economic growth rate in 2009-2010 to be 8.5%, and will rise further to 9% in the short term.