Archive for March 28th, 2012
Facebook makes secondary markets and prepares its output to the public in May, according to The Wall Street Journal
The popular social network Facebook is preparing its IPO expected for the month of May and has already stopped trading on secondary markets, today published the newspaper “The Wall Street Journal” (WSJ). “It is still unclear what week of May and deadlines can still change because it depends heavily on regulators and is not under [...]
Kim advocates an “open” WB and emphasizes the “opportunity” to eradicate poverty
The American candidate for president of the World Bank, Dr. Jim Yong Kim, today defended an institution “open and inclusive” and stressed the “historic opportunity to eradicate global poverty.” “Given our collective experiences and resources, it is clear that we can eradicate global poverty and achieve in our time of life that for generations has [...]
Geithner: Unemployment & Financial Volatility Are Challenges For U.S.
The U.S. Treasury Secretary Timothy Geithner, said today that his country “still faces significant economic challenges” such as high unemployment or financial volatility from Europe, but added that the economy is “gaining momentum”. “Our economy is gradually gaining strength (…). But the strength of recovery will depend in part from beyond our borders, as we [...]
Monti blamed Germany and France for debt crisis
Italian Prime Minister, Mario Monti, blamed on Wednesday in part to the laxity of Germany and France in the early years of the euro by the European crisis of debt, just days before a meeting on a possible reinforcement of the rescue fund Eurozone. “This story begins in 2003 when the euro was still a [...]
The European Commission highlights the “effectiveness” of banking reform in Spain
The European Commission (EC) said on Wednesday the effectiveness of banking reform undertaken by the government of Mariano Rajoy in Spain, which he considered “an important step toward stability in this sector” in the country. That reform “accelerated the consolidation of bank balance sheets” and “managed to effectively confront the challenges caused by the exposure [...]
The bank Citi believes that Spain may need international aid this year
Spain this year may need international aid program, type ‘troika’ (EU, ECB and IMF) similar to those applied to Greece and Portugal, considered on Wednesday Citi Bank’s chief economist, Willem Buiter, in a report. “Spain should probably, in our opinion, go into some kind of troika program during 2012,” he said Buiter. This may be [...]
European shares closed lower in the wake of Wall Street
Major European stock markets closed the session of this WEDNESDAY low in the wake of Wall Street, which opened with losses due to a poor indicator (durable goods) in the United States. In the floor of London, the FTSE-100 index lost 1.03% to close at 5808.99 points. In the stock market in Frankfurt, the DAX [...]
The DAX 30 fell after knowing the U.S. economic data
The DAX 30 in Frankfurt stock market fell after news the numbers of incoming orders for durable goods to the U.S. industry, which were worse than expected and weighed down the stock exchange on Wall Street. The DAX 30 dropped 1.13% today, 80.10 points to 6998.80 points. Trading volume was very low 131.9 million shares [...]
The companies of Brazil’s richest man reported record losses in 2011
Publicly traded companies controlled by Eike Batista, Brazil’s richest man according to Forbes, last year lost a record $ 1020.7 million reais ($ 560.8 million dollars), according to a study released today by the consulting “Economática”. The EBX Group, Batista, is the controller of six large companies with shares listed on the Sao Paulo Stock [...]
Wall Street opens with a drop of 0.14 percent after goods data in the U.S.
The New York Stock Exchange opened today without a clear trend, but half an hour after the start of the session the Dow Jones Industrial was decanted for losses and was down 0.14% on news that Durable goods orders in the U.S. rose less than expected in February. The main reference of the New York [...]
