Archive for March 12th, 2012
Wall Street closes up 0.29 percent
The Dow Jones industrials, a leading indicator of Wall Street, closed today with a moderate increase of 0.29% despite the decline in the financial sector on a day when investors were awaiting the summit of the Eurogroup in Brussels. This index, which brings together thirty of the largest listed companies in the U.S., added 37.69 [...]
Rousseff and Obama Will Discuss Inter-American Economy
U.S. officials said today that the visit of Brazilian President Dilma Rousseff, to Washington on April 9 next deal among other issues on the American system and regional integration. Dan Restrepo, the chief White House adviser on Latin America, said in a conference on Brazil-US relations. that the meeting of the Brazilian president and U.S. [...]
European Commission study the U.S. plans to remove ban on imports of European livestock
The European Commission (EC) studies the U.S. plans to remove restrictions for 15 years and the European beef products due to Bovine Spongiform Encephalopathy (BSE) or mad cow disease, said the EU executive . “The EC is currently analyzing the content of proposed regulations and present its position on the U.S. government after a thorough [...]
Eurozone agrees to ease Spain’s deficit target to 5.3% in 2012
The Eurozone agreed to relax the deficit target of Spain in 2012, but up to 5.3% of GDP, against 5.8% as proposed by the Prime Minister Mariano Rajoy. “We believe that Spain should make a greater effort,” said Eurogroup Chairman Jean-Claude Juncker, in a press conference after the meeting of finance ministers of the 17 [...]
Greece Concludes Debt Swap
Greece concluded on Monday the debt swap under Greek law, as part of a historic restructuring that allows you to remove about a third of its public debt, although the value of the new securities market collapsed in debt. Management Agency said Greece’s debt on Monday afternoon that it had completed the exchange of 177,300 [...]
U.S. Subsidies To Boeing Seriously Hurt Airbus
U.S. subsidies to aircraft maker Boeing have caused “serious damage” to the European Airbus, said Monday the appeals body of the WTO, shortly after both parties cry out victory in advance. In its ruling, which has 700 pages, the appeals body of the World Trade Organization ruling on the dispute between the companies. The WTO [...]
The salary of the president of Volkswagen in 2011 was 17 million euros
The German manufacturer Volkswagen said Monday it will pay its chairman, Martin Winterkorn, 17 million euros in wages in 2011, a record in the companies listed on the Frankfurt Stock Exchange, reflecting the registered record profit last year. “It’s the most he has received a chairman of a company’s DAX”, the index of the 30 [...]
German Finance Minister said that Spain is not Greece
Spain is not Greece, said Monday the German finance minister, Wolfgang Schauble, who said “great progress” made by Spain, despite the government’s announcement that it will break Mariano Rajoy of the deficit target agreed with Brussels this year . “Spain has made much progress,” Schauble said upon arrival in Brussels for the meeting of finance [...]
Brussels Demands Explanations From Spain For Failing On Deficit Target
Finance ministers of the euro zone on Monday asked an explanation from Spain, a few days after the government announced that Mariano Rajoy its deficit target for this year is much higher than that agreed with Brussels. Finance ministers of the 17 eurozone countries are meeting on Monday starting at 1700 hours local (1600 GMT) [...]
Food & Agriculture Organization Meets To Establish Food Security in Asia
Best Growth Stock – Rising food prices and food security in the Asia-Pacific ministerial meeting focused celebrating the United Nations Organization for Food and Agriculture Organization (FAO) starting today in Hanoi. The 300 delegates from 38 countries participating in the discussions, the Ministers who preside since Thursday, will face the reality that Asia-Pacific has had [...]
