World News: World oil prices decline

Metrotvnews.com, Tehran: The price of crude oil the world again after the previous decline was increased. This occurred following the country's oil producers plan (OPEC) to reduce their production in this weekend.

Iranian Minister of Petroleum Gholam Hossein Nozari, on Tuesday (21/10), said Tehran believes OPEC will reduce production of between two to 2.5 million barrels per day. But after that, Nozari sure, the price of black gold back up more than U.S. $ 150 dollars per barrel.

Now, the type of light crude oil in the market sweet New York, United States, the November contract for 2008, down 31 cents to U.S. $ 73.94 figure per barrel. While the type of Brent crude oil for December delivery traded on the future level of U.S. $ 69.54 per barrel, down U.S. $ 1.67.

World oil prices that are now uncertain pascakrisis financial world. Previous price of this commodity has reached the highest value on the level of U.S. $ 147 per barrel set in July .(***)

Life Insurance Industry not affected Financial Crisis

Metrotvnews.com, Jakarta: the financial crisis in the United States that pervade the entire world not to disrupt the life insurance industry in Indonesia significantly. This is expressed Chairman of the General Insurance Association of Indonesia (AAJI) Evelina Pietrtuschka in the explanation to the press in Jakarta on Monday (20/10) yesterday, said Evelina, restrictions on investment insurance portofilio domestic financial institutions in the United States and Europe have been protecting the insurance industry from losses.

According to Evelina, in addition to the restrictions from the government for investment in the insurance berisiki instruments, such as shares, has helped the insurance industry losses from the stock market exchange. Investment insurance industry, said Evelina, most of the instruments placed in the long term. Around 90 percent of the insurance funds placed in the letter of state debt and corporate bonds.

Total premium income collected insurance national per second quarter of this year reached Rp 26.3 trillion or 44.2 percent growth compared to the same period last year, the Rp 18.3 trillion. (Sound of gunshot)