NEW$ & VIEW$ (13 NOVEMBER 2013)

Slow day on the news front. Good timing since this is moving day for us.

The Christmas gift?

Consumers Get Relief at the Gas Pump

U.S. gasoline prices have fallen to their lowest level in nearly 33 months amid a boom in domestic oil drilling, leaving consumers with extra disposable income just in time for the holiday shopping season.

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Maersk Reports Profit, Warns on Demand

(…) But the world’s biggest container shipper warned of a tough fourth quarter, saying slack global economic growth would contribute to a drop in container-freight rates even though there are some early indications of demand picking up. Maersk Line’s vessels make up about 15% of global container-shipping capacity.

Bank Indonesia Surprises on Rates to Boost Rupiah Appeal

Indonesia raised interest rates to the highest level since 2009 to sustain overseas demand for its currency even as it risks hurting growth in Southeast Asia’s biggest economy.

Bank Indonesia raised the reference rate by 25 basis points to 7.5 percent, it said in Jakarta yesterday, surprising the 24 of 25 economists surveyed by Bloomberg News who predicted no change. The rate move was aimed at easing the current-account gap and meeting the inflation (IDCPIY) target, the central bank said. Bank Indonesia said it will continue to safeguard the stability of the currency.

 

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