The British Petroleum company has lost only close to one billion dollars of money so far towards compensation and corrective action costs, since the April 21st oil rig blast. But the share value of the company has already crashed by over 35% due to the fears of the company losing over five billion dollars over the next few months towards the oil rig blast related claims.
Also there are fears that the company may lose many lucrative US oil and gas exploration contracts due to the mishandling of the disaster, say experts.
And today the rating agencies are planning to downgrade the company rating in view of the failure to handle the post rig blast issues efficiently. Even after six weeks into the blast, the company is unable to plug the gallons of oil leaking from the broken pipes under the sea bed.

The Chinese government is disturbed at the run away jump in property prices across all the major cities in the last one year. The massive bank lending to every loan seeker in the last year by all the Chinese banks has led to unexpected increase in investments into commodities and stocks and properties.
All these are now leading to the bubble burst levels, and the Chinese bank wants to avoid the collapse of the system. So the Chinese central bank has raised the bank reserve ratio for the third time in the last three months by 50 basis points. The bank has also warned that there could be more rate hikes in the coming months.

The oil rig explosion happened in Gulf of Mexico on April 20th, and the owner of the oil field , British Petroleum indicated that the spill will be only about a gallon of oil per day and would be blocked within days. The company also indicated that the oil spill cleaning up would cost it few million dollars.
But three weeks down the line, the spilling of oil is indicated at five times the original projection , at over five million gallons per day. The oil has already hit the coastal beach areas and the daily activities of thousands of sea dependent workers have come to a standstill. Worse still, nobody knows when the problem will get over.
The company is now indicating that the oil spill blocking efforts are on, but it is like performing an open heart surgery in a dark room without light. So experts are now fearing that the overall cost of the oil spill could well go beyond one billion dollars and most of it would be contributed by British Petroleum.
The oil spill has now got the political attention with US President visiting the region yesterday to get a first hand view of the issue. Further liberalization of the US oil drilling could be delayed.

Shares worth$15 billion will be bought by PepsiCo. The common stock through June 2013 will be bought by PepsiCo. The report was announced on Monday of the shares worth $ 15 billion will be buy back by Pepsi. The premarket trading saw a rise by 2 % in the shares. The CEO Indra Nooyi the confidence has been by the board action in the growth. The growth also helps to provide cash to the shareholders. The biggest soft drink seller announced before the plans of buying shares worth $4.4 billion this year.

A prior repurchase authorization for the year OF 2007 will be buy backs. The annual dividend of the company will be boosted by 7% .Around $1.92 dividend which will be seen from the month of June 30.The shareholders of re cord of June 4 will be paid dividend. The company cleared the final regulatory hurdle last month on a purchase.

The two biggest bottler are Pepsi bottling group and Pepsi Americas. The deal in the two biggest bottle buyers in a bid was for $7.8 billion. The two companies PepsiCo and its rival coca cola want more control over distribution. The reason behind those the customers will shift from sugary carbonated drinks to other beverages. A rapport is going on between the two companies so as to compensate with the different consumer taste.

The TATA motors saw a growth of its automobile industry by 59 %. TATA motors announced the growth on Monday. The growth was for both commercial and passenger vehicles. The robust demand was seen globally for both the vehicles. The February month saw good sales of 89,768 units of vehicles.

In February some luxurious vehicles also had a good growth. Luxurious brand especially Jaguar land rover had a sale of 17,197 units. In the same period of last year the sales has gone up by 60%.The passenger vehicles also had good sale 47,108 units in February.

The growth of 50 % sale is seen in the passenger vehicles. The commercial vehicles had a growth of 70 % compared to last February 2009.The number of units of commercial vehicles is 42,660 units. TATA is known for its efficiency, durable, hamper less vehicles both passenger and commercial.

Chile is the world’s largest producer of Copper, with a share of over 7% of the global output. And the country was badly hit few days back by a massive 8.8 magnitude earthquake. The earthquake has killed nearly 1000 people and has also pulled down over one hundred thousand buildings across key locations.
The power supply lines have been destroyed in many parts of the country, and due to that the largest mines of Chile have been able to re-start production only at lower capacity yesterday. It may take at least another two to four weeks for these mines to get back to reasonable production levels.

The crude oil prices reflect the state of global economy over the longer term. The mood of the global investors was relatively better two weeks back when there were reports of healthy economic rebound in many countries including China, Japan, India and South Korea and Australia.
But the US economy continues to show weak signs and the US FED chief has indicated yesterday that the US economy will face tough times ahead has pulled down the global confidence. The crude oil prices hit 74 dollars to a barrel in today’s trade.

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The demand for all products have gone down in the last two years across the globe, except for one metal. Yes, the yellow metal, Gold, has seen the demand surge even during the worst global recession in the last two years.
With countries latching up Gold like never before, the demand has surged far beyond the current supply levels.
The gold thus hit a new high of 1163 dollars to an Ounce in the London bullion exchange yesterday.
Wait for Gold prices to hit 1400 dollars in a year’s time, say some experienced Gold dealers. Any takers ?

The gold prices are on a song, and they hit a multi year high of 1100 dollars only last week. That was on the news that India has purchased 200 metric tons of the metal from IMF as part of it’s efforts to shore up the currency value. There are reports of continued buying of the metal by countries like India and China, with a view of diversify their investments. Now we might see other strong countries like Germany, France and Japan joining the bandwagon. None of these countries would like to risk their further investments into uncertain US treasury bills.
So we can safely expect the Gold prices to hit the 1200 dollars to an Ounce mark before the end of the second quarter of 2010.