Archive for August, 2011
The economic guru who can save Obama
Best Growth Stock – The fact that the U.S. president, Barack Obama, nominated as head of his team of economic advisers for someone who specializes in the area of generation and sustainable employment, seem to make much sense considering that this issue threatens to complicate the re-election in 2012 . Krueger, 50, an economist at [...]
The European Commissioin will present proposed tax on financial transactions
Best Growth Stock – The European Commission President Jose Manuel Barroso, announced that this fall the EC will present its proposal for a tax on financial transactions, as a star in its economic program for the coming months. The so-called “Tobin tax”, Barroso wants to “explore also under the G-20″ is a tax on capital [...]
U.S. Consumer Spending Rose 0.8% In July
Best Growth Stock – Spending by U.S. consumers rose in July by 0.8% and thus recorded its biggest gain in two years, while workers’ income rose 0.3%, the Commerce Department. The July increase helps to mitigate the bad data in June, when spending fell 0.1% and had its first decline in nearly two years. Consumer [...]
Standard & Poor’s launched the S & P MILA 40
Best Growth Stock – Be the first Latin American Integrated Market Index MILA, which monitor the behavior of prices of the 40 most liquid shares are traded between the stock exchanges in Colombia, Peru and Chile. S & P MILA 40 allows monitoring of performance of three of the most liquid stock markets in Latin [...]
Wall Street earnings increases
Best Growth Stock – Wall Street today increased earnings for the day and into the afternoon trading the Dow Jones up 1.95% after the hurricane “Irene” by the U.S. was less devastating than feared and the face of increased spending consumers in this country. This index, which comprises the thirty largest U.S. publicly traded companies, [...]
IMF lowers GDP forecast for Spain
Best Growth Stock – The International Monetary Fund (IMF) has lowered its growth forecast for the Spanish economy to 0.7% in 2011, one tenth less than expected earlier, and 1.3% in 2012, three tenths less than previously predicted, within a board cut growth estimates for the institution headed by Christine Lagarde, as reflected in the [...]
The European Central Bank Predicts Growth
Best Growth Stock – The President of the European Central Bank (ECB), Jean-Claude Trichet, acknowledged today that predicts growth ‘modest’ Gross Domestic Product (GDP) in the euro zone. Trichet said during a speech to the Committee for Economic and Monetary Affairs of the European Parliament, that this growth is due to the fragility of living [...]
Bank of America sold 8,300 million dollars in shares of CCB
Best Growth Stock – Bank of America announced today that it sold to a private group of investors 13,100 million common shares of China Construction Bank (CCB), which represents about half of their participation in this bank, for 8,300 million dollars in cash. The transaction will close in the third quarter and its conclusion, the [...]
The US Economy Recovery
Best Growth Stock – The hope that the U.S. economy soar during the second half of 2011 vanished Friday after it was announced poor growth data. The pace of the economy slowed from April to June, and as a result the government lowered on Friday gross domestic product increased 1.3% annually to 1%. The news [...]
Oil More Expensive In A Week Marked By Libya and Irene
Best Growth Stock – Oil prices have strengthened this week, marked by nervousness about the situation in Libya and Nigeria, two members of OPEC, the evolution of Hurricane Irene and the uncertainties of the global economy. In oil markets, the week began with the hope of a quick peace in Libya, so far unfulfilled, and [...]
