Archive for March 29th, 2012
Bernanke calls for central banks to monitor the “financial stability”
The Federal Reserve Chairman Ben Bernanke said today the importance of central banks to lend more attention and take action to “clear the threats to financial stability,” as one of the lessons of the recent crisis. “As far as possible, central banks and other regulators should try to anticipate and off threats to financial stability [...]
U.S. granted $ 100 million to Tunisia to ease their tax burden
The U.S. government today announced the award of $ 100 million to Tunisia for the “short-term tax relief” in the country, trying to restructure the debt incurred during the regime of deposed Zine El Abedin Ben Ali. “This transfer will go directly to the debt financing that Tunisia should the World Bank (WB) and African [...]
YPF negotiates an agreement with Exxon to exploit the largest reserve Argentina
YPF oil company, controlled by the Spanish Repsol, Exxon Mobil negotiates with an agreement to exploit oil and unconventional gas deposit in the Vaca Muerta in Argentina’s Neuquen province, told sources of the company. “We have a definitive agreement with Exxon. We are in negotiations to exploit oil and unconventional gas in Vaca Muerta, but [...]
Obama urges Congress to remove oil subsidies with benefits
U.S. President Barack Obama today urged Congress to pass a bill to eliminate tax breaks for oil companies that have earnings “record” by rising oil and “could sustain themselves.” In addition to “record profits”, these companies receive “billions in taxpayer subsidies, a subsidy enjoyed year after year in the last century,” Obama stressed in an [...]
The U.S. economy grew at an annual rate of 3 percent in the last quarter of 2011
The U.S. economy grew at an annual rate of 3% between October and December 2011, as confirmed by the Commerce Department today in its final figures for the quarter. Most analysts expected that the review and adjustment of figures throw an annualized growth rate of 3.2%. The rate of increase of gross domestic product (GDP) [...]
BRICS want development bank monetary policy and criticize EU and U.S.
The BRICS as a group will not support a candidate for president of the World Bank but progress in the project to create a development bank, criticized the monetary policy of the United States and Europe and called for dialogue with Iran and Syria in the crosshairs of the Western powers. In their fourth summit [...]
Repsol-YPF announces discovery of oil in Argentina
The Spanish oil company Repsol-YPF, Argentina announced Thursday the discovery of conventional oil and shale in Argentina’s Mendoza province (west), in the midst of a struggle with the government of Cristina Kirchner accusing the company of non- investment. “YPF reports that made a major oil discovery in Mendoza are two wells ‘oil shale’ (shale) in [...]
European markets fall amid new fears about the Eurozone
Major European stock markets closed today’s session with falls due to renewed investor concerns about eurozone recovery before a meeting of European finance ministers in Copenhagen. These fears outweighed the decline in applications for unemployment benefits in the United States to its lowest in four years. European Square stop was worse was that of Milan, [...]
Facebook prepares your income on the stock for May
The website of Facebook socialization prepares its initial public offering in May, said on Wednesday the Wall Street Journal on its website, citing sources familiar with the matter. The group of Menlo Park, California (U.S. West) stopped the sale of shares in the secondary market in order to obtain a precise figure on the number [...]
Chile and Japan agree more cooperation on energy and disaster prevention
The presidents of Chile, Sebastián Piñera, and Japan, Yoshihiko Noda, Tokyo agreed today to strengthen cooperation in renewable energy and disaster prevention, in a match that ended the political agenda of Chilean President their Asian tour. At a summit held at the home of Koizumi, he conveyed to Piñera Japan available to provide assistance to [...]
