Archive for November, 2011
U.S. and EU agree to boost the Electric Vehicles market
The United States and the European Union (EU) agreed to promote the electric vehicle market in the meeting of the Transatlantic Economic Council (TEC) as a strategy for closer economic ties between the two powers. The Transatlantic Economic Council (TEC), a body with which both sides seek to reduce mutual trade barriers, was held in [...]
Monetary Chief of EU sees 10 days to bail out the eurozone
Europe faces crucial 10 days to save the euro area after agreeing to reinforce its bailout fund, but admitted he might have to resort to the International Monetary Fund looking for more help to avoid financial disaster. “We are entering the critical period of 10 days to complete and finalize the European Union’s response to [...]
U.S. private sector creates more jobs than expected in November: ADP
The U.S. private employers created more jobs in November than expected by economists showed on Wednesday a report by ADP. The companies opened 206,000 jobs, well above economists’ expectations of an opening of 130,000 jobs, according to a Reuters poll. October private payrolls were revised up to show the opening of 130,000 jobs from the [...]
OPEC crude rises 0.95 percent and traded at $108.75 per barrel
Best Growth Stock – The price per barrel of crude from the Organization of Petroleum Exporting Countries (OPEC) on Monday opened the week at $ 108.75, a 0.95% higher than the previous day, said the oil group in Vienna. The appreciation of “black gold”, which was even higher, at 2.44% and 1.48% for crude benchmark [...]
Obama expressed to EU its opposition to new rate for aviation emissions
The U.S. President Barack Obama said today at the European leaders concerned about the forthcoming entry into force of the fee to the airlines or from the European Union (EU) must pay for their CO2 emissions. “President Obama made clear at the meeting this morning we are quite concerned about this new legislation,” said U.S. [...]
Facebook plans to leave to the stock in the second quarter of 2012, according to WSJ
The popular social networking site Facebook plans to go public in the second quarter of 2012 and expects to collect about 10,000 million with an initial public offering of shares (IPO) that would value the company at more than 100,000 million dollars, reports the daily The Wall Street Journal. Facebook is undergoing a process of [...]
U.S. home prices fall in September: report
Prices of U.S. single-family homes fell in September, highlighting the fragility of a housing market struggling to stand, a report said Tuesday. S & P and Case Shiller said its composite index of home prices in 20 metropolitan areas fell 0.6 percent from August on a seasonally adjusted basis. A Reuters survey expected a stable [...]
American Airlines and its parent filed for bankruptcy
AMR Corp, parent of American Airlines American Airlines, filed for bankruptcy protection Tuesday a court in New York, having failed earlier this month in an attempt to reach agreement with pilots to reduce their labor costs. AMR was the only major U.S. airlines managed to avoid bankruptcy proceedings during the last decade, as their rivals [...]
Euro zone economic confidence back down in November
Economic confidence in the euro zone fell more than expected in November, data showed on Tuesday, as business managers became more pessimistic in almost all sectors of the economy, particularly in France and Holland. According to the monthly survey of the European Commission, the confidence index stood at 93.7 compared to 94.8 in October, falling [...]
Italy needs the fiscal package of 11,000 mln euros now: document
Italy must balance its budget in 2013 if he wants to regain credibility and improve their prospects in the medium term, the newspaper La Repubblica on Tuesday citing a document on Italy will be presented on Tuesday the Eurogroup. The paper also argues that Rome must immediately introduce fiscal measures equivalent to 11,000 million euros. [...]
