Archive for March 13th, 2012
Brent crude was up 0.70 percent to close at $ 126.22
A barrel of Brent crude rose 0.70 percent today to close at $ 126.22 on the London market, in response to data published today about an increase in U.S. retail sales in February, considered a sign of the economic recovery in that country. The North Sea oil, the European benchmark for April delivery ended at [...]
The Dow Jones closed with an increase of 1.68 percent
The Dow Jones industrials, a leading indicator of Wall Street, closed today with a strong increase of 1.68% to win back the mark of 13,000 points after learning the outcome of the meeting of the Federal Reserve. This index, which brings together thirty of the largest U.S. publicly traded companies, totaled 217.97 points to end [...]
The Fed keeps rates and claims that rising gas prices will be temporary
The U.S. Federal Reserve decided today to keep interest rates between 0 and 0.25%, and noted that the rise in gasoline prices will have effect only “temporary” on inflation. In the statement released after the meeting of the Fed Open Market, which runs the U.S. monetary policy, the entity has been reported that the economy [...]
Fitch upgrades the Greece credit rating of “partial default” to junk bond
The international rating agency Fitch Risk today announced it has raised the credit rating of Greece from “RD” (partial default) to ‘B-’, equivalent to the so called “junk bond”. This improved “rating” comes a day after completion of the redemption of bonds in the framework of the Greek debt relief in private hands worth about [...]
Obama said that the rare minerals are vital and going to act against China at the WTO
U.S. President Barack Obama said today that the rare minerals, vital for the technology, are “too important” for the U.S. and industry, and therefore had to act against China before the World Trade Organization (WTO) . In an appearance before the cameras in the White House, Obama has justified the trade dispute began today by [...]
Porsche: the 2011 was the best year ever
Strong demand from China, Russia and the United States made the German manufacturer of luxury cars Porsche recorded in 2011 the best year in company history, with profits up 22%. Profits rose to 2,050 million with a turnover of 10,900 million, the company said in a statement. In 2011, Porsche sold 117,000 units of its [...]
U.S. confirms the dispute with China to the WTO for trade of rare metals
United States has launched a trade dispute against China at the World Trade Organization (WTO) trade restrictions rare metal vital to the technology, has today confirmed the U.S. Trade Representative, Ron Kirk. “The United States has requested consultations with the Republic of China in the WTO for China’s unjustified restrictions on the export of rare [...]
Wall Street rises after an increase in retail sales in the U.S.
Wall Street opened in positive territory today and half an hour after the start of the session the Dow Jones Industrial rose 0.34% driven by increased sales of U.S. retailers in February and Eurogroup green light to the second bailout of Greece. The main index added 44.05 points parquet York to be above the 13,000, [...]
The gap in unemployment between EU countries reach the highest level of the decade
The European Commission (EC) warned today about the increase in the difference between the levels of unemployment in the Member States, which in January reached a high of 19 points (between 4% rate registered in Austria and 23.3% of Spain), the largest gap during the last decade. In its monthly report on employment for March [...]
Retailer sales in U.S. rose 1.1 percent in February
Sales at U.S. retailers rose 1.1% in February and arrived at an annualized rate of 407,800 million dollars, the highest in five months, said the Department of Commerce. The government adjusted its figures for January today indicating that the increase in retail sales that month was 0.6%, two tenths of a percentage point higher than [...]
