Archive for March 6th, 2012
European shares sink concerned about the fate of the Greek debt
Best Growth Stock – European shares sank on Tuesday out of concern for the fate of the plan of Greek debt restructuring, two days before the deadline for private investors to write off 107,000 million to 350,000 million euros of debt country. With the exception of London which limited its losses to 1.86%, the rest [...]
Brazil’s growth slowed to 2.7% in 2011 by the global crisis
Best Growth Stock – Growth in Brazil, the world’s sixth largest economy, slowed to 2.7% in 2011 compared to last year due to the impact of the global economic crisis, a figure slightly less than 3% expected by the Government of the country. Gross Domestic Product (GDP) up 2.7% in 2011 relative to 2010, when [...]
Lehman Brothers leaves the bankruptcy law and begin to pay creditors
Best Growth Stock – The U.S. bank Lehman Brothers announced Tuesday that leaves the protection of Chapter 11 of the Bankruptcy Act, and will begin to pay its creditors, as part of the process for complete liquidation. The bankrupt investment bank on Wall Street, whose spectacular collapse in September 2008 was the kickoff for the [...]
Obama immigration reform will be passed if gets the re-election
President Barack Obama said Tuesday that win re-election in his second term will present a bill to achieve comprehensive immigration reform, but warned that its adoption will depend on how many Republicans voted in favor. “I can not vote Republican, they will have to conclude that (immigration reform) is good for the country, and that [...]
Chemistry Nobel relies on future scientific collaboration between U.S. and Cuba
Best Growth Stock – The Nobel Prize in Chemistry 2003, American Peter Agre, was now optimistic about the future possibility of scientists from his country and Cuba to “work together”. Agre, who participates as a guest at the XXIX International Congress “Biotechnology Havana 2012″, was declared “honorary president” of the event by the organizers of [...]
Hong Kong reregisters losses affected by the wisdom of China
Best Growth Stock – The Stock Exchange of Hong Kong for a second day saw heavy losses on a day where the turnover is shot but the actions continued to be affected by the cuts growth forecast for China this year (7.5 percent, while other years is 8 percent). The Hang Seng Index dropped 459.06 [...]
The stock markets of Southeast Asia dragged down by China
Best Growth Stock – Most Southeast Asian stock markets closed with losses today, dragged by a slowdown this year China’s economy, the economic engine of the region. In Singapore, the Stock Exchange of the city-state fell 59.79 whole, equivalent to a 2.00 per cent and Straits Times Index was placed in the 2932.01 level. In [...]
The euro area grew by 1.4% in 2011, but fell by 0.3% last quarter
Best Growth Stock – Gross Domestic Product (GDP) in the euro zone grew by 1.4% in 2011, but in the fourth quarter fell 0.3%, reported Tuesday the EU statistics office Eurostat, while the European Commissioner for Affairs economic, Olli Rehn, said that the eurozone is now in a “mild recession”. Eurostat revised down its earlier [...]
Sarkozy urges Putin to increase relations with the European Union
French President Nicolas Sarkozy, has congratulated Vladimir Putin on his victory in Russian presidential elections held on Sunday and expressed his desire to increase bilateral relations with the European Union (EU). “I am convinced that our two countries should be the one to the other partners that are privileged by nature, together, show the way [...]
Iran: The sum of all fears
A possible attack on Iran over its refusal to guard its nuclear facilities, is the new threat to the global economy. Oil prices, the first victim. With the approval of the second Greek rescue package, the European debt crisis gained time to find a solution and gave up his position on Iran as the main [...]
