Archive for March 20th, 2012
Chevrolet increased its sales in February
Chevrolet, during the month of February, reached 7,832 units sold in the local market, representing an increase of 7.4% compared to last month and a cumulative total of 15,125 units in 2012. With this news the gold bowtie brand is confirmed as the leader of the Colombian market with untercio of participation, through quality and [...]
Oracle profits 6.529 million on its first nine months
The technology company Oracle announced that it won in the first nine months of fiscal 2012 (June-February) U.S. $ 6,529,000, 22.3% more than the same period last year, driven by higher software sales . Oracle, based in Redwood Shores (California), registered until February 29 net profit of $ 1.28 per share, 24 cents more than [...]
Canadian Prime Minister will tour Asia to strengthen the economy
The Canadian Prime Minister Stephen Harper, will begin tomorrow a tour of several Asian countries to strengthen economic ties between Canada and the Asia-Pacific, government spokesmen said today. Harper intends to be in Thailand, Japan and South Korea from 23 to 27 March in the company of their Foreign Ministers, John Baird, International Trade, Ed [...]
Obama and Irish Prime Minister spoke of measures to stabilize Europe
U.S. President Barack Obama and Irish Prime Minister Enda Kenny conservative, spoke today at the White House on recent measures to stabilize the European economy as well as peace in Northern Ireland and conflicts with Iran and Syria. As is tradition, the Irish Prime Minister visited the White House to mark the feast of St. [...]
U.S. Exempts 11 Countries From Iranian Oil Sanctions
Secretary of State Hillary Clinton said Tuesday that his country will exempt eleven countries, including members of the European Union (EU) and Japan, the sanctions against Iran, but asked to reduce their dependence on oil Tehran. According to new legislation aimed at pressuring Iran to suspend its nuclear program, the United States plans to penalize [...]
Greece receives money from the EU and the IMF to avoid bankruptcy
Greece received on Tuesday a first injection of 7,500 million euros in the new rescue plan agreed by the European Union and the International Monetary Fund to avoid bankruptcy, said a finance ministry source. This sum 5900 million euro zone and 1,600 billion IMF-”will be used to cover debt” owed by the country, the source [...]
IMF warns of escalating oil prices on Iran crisis
Oil prices would rise between 20% and 30% in case of disruption of Iranian oil exports, which would undermine the global economy, now slowly moving away from the “abyss,” he said Tuesday the IMF Managing Director (IMF), Christine Lagarde. “It would clearly be an impact on the economies if there is a disruption of Iranian [...]
The Greek government foresees a budget deficit of 9.2% in 2011
Greece’s public deficit will be around 9.2% in 2011, compared to 10.6% in 2010, according to the latest forecast from the Greek Government, advanced Tuesday. If confirmed these forecasts, presented by the Deputy Minister of Finance, Philippi Sahinidis, in a meeting with economists, the Greek public deficit will be around the estimate referred to in [...]
Airlines threatened with bankruptcy if a barrel of oil reaches $150
Some airlines “could file for bankruptcy” if the price of oil reaches $ 150, said Tony Tyler, director general of the International Air Transport Association (IATA) in Geneva Tuesday. According to him, Europe is the world most affected area, but others could record “significant effects”. IATA had developed his projections in December based on a [...]
Russia bans the importations of cattle from the European Union
The ban on importation of cattle from European Union (EU) due to the expansion of the new virus Schmallenberg entered into force in Russia today. The Russian Veterinary Service, who announced the measure on March 2, reported in its official statement that the ban affects cattle, sheep, goats and pigs. Although the EU has described [...]
