Archive for March 22nd, 2012
AIG returns to the U.S. Treasury another $1,500 million
Insurer American International Group (AIG) today announced the return to the Treasury Department United States of another 1,500 billion bailout it received in 2008 to prevent its collapse. “We promised to taxpayers who would return the money with interest and so far we have met the targets,” he said in a press release the CEO [...]
Wall Street closes with a decrease of 0.6 percent
Wall Street closed in negative territory today and the Dow Jones Manufacturers, the main index lost 0.6% driven by the energy sector on a day marked by disappointing data on industrial activity China and the euro zone. This indicator, which groups 30 major U.S. public companies played down 78.48 points to end at 13,046.14 units, [...]
Goldman Sachs revises the internal postal of employees after resignation controversy
Goldman Sachs has begun to review the emails of their employees after the controversial resignation letter of an executive last week accusing the U.S. investment bank to refer to their customers as “puppets” (“muppet”). The bank looks at the electronic correspondence of its employees the word “muppet” (which can be used as a synonym for [...]
The IMF had “productive discussions” with Egypt about a loan
The International Monetary Fund (IMF) today reported that the mission that traveled to Cairo this week had “productive discussions” with the Egyptian authorities, but did not specify details about the loan of 3,200 million dollars sought by Egypt. “The purpose of the mission was to deal comprehensively with the Egyptian authorities to ensure there is [...]
Airbus, Boeing and Embraer come together to accelerate the use of biofuels
Three leading aircraft manufacturers in the market, Airbus, the Boeing and Brazil’s Embraer, have signed a cooperation agreement to accelerate the commercialization of biofuels, “key strategy for sustainable growth “sector, reported today in Paris. The Memorandum of Understanding that formalized the common goal to “develop advanced biofuels” provides that these are “affordable,” Airbus said in [...]
In February, the unemployment rate in Brazil was the highest in four months
The unemployment rate in Brazil in February was 5.7 percent of the economically active population, the highest rate in the last four months, the Government reported today. The unemployment rate topped 5.5 percent in January but was 0.7 percentage points lower than February 2011, according to data released by the Brazilian Institute of Geography and [...]
Portugal definitely suspend the high-speed train from Lisbon to Madrid
The Government of Portugal will “definitely suspend” the project of building the high speed train that would link Lisbon with Madrid in less than three hours, said the Portuguese Ministry of Economy. The high-speed Lisbon-Madrid, initially scheduled for 2013, was to unite the Iberian capital and connecting Portugal with European high-speed network. The center-right executive [...]
The presidents of Airbus and Boeing criticized the European rate of C02
The presidents of Airbus, Tom Enders, and Boeing, Jim Albaugh, took today its participation at the annual meeting of the aviation industry in Geneva to criticize harshly the rate ETS, which will tax the airlines using the airspace of the European Union (EU) for their CO2 emissions. “The ETS does not make sense. Will cause [...]
The IBEX fell 0.82 percent for the lower activity in China and the euro crisis
The main indicator of the Spanish Stock Market, the IBEX 35 lost 0.82% in the early stages of today’s session affected by the drop in industrial activity in China and tensions living in the euro area by doubts about the Spanish economy and the fear of a new rescue Portugal. At 09.10 hours, the Spanish [...]
Japan, China and South Korea close trading for investment pact
Japan, China and South Korea have finalized negotiations for a trilateral agreement aimed at improving the levels of protection and liberalization of mutual investments, said the Nippon Government. It is hoped that the pact will be signed by the leaders of the three countries in the near future, possibly next May when the leaders are [...]
