Archive for March 30th, 2012
“Positive” the host of Europe to the Spain budget
Europe welcomed the toughest budget in the history of Spain, turned into the biggest financial concern of the continent, said Friday in Copenhagen, the Spanish Minister of Economy after meeting with their counterparts in the eurozone. “The reaction has been generally positive,” although the European Commission and EU partners are waiting for “specific details” of [...]
The Brent rises by 0.4 percent to close at $122.88
A barrel of Brent crude rose 0.4 percent today, to $ 122.88 in the London market, the weakening of the dollar and optimism about recovery in the eurozone. The North Sea oil, the European benchmark for May delivery ended in the Intercontinental Exchange Futures (ICE) with a $ 0.49 increase over the previous session. The [...]
The Euro strengthens to 700,000 million to the bailout fund
The Eurogroup agreed today to reinforce the 700,000 million euros its rescue fund, which has fallen below the expectations of the IMF, the G-20 and OECD, which called for a billion euros, but very much in line with Germany approaches, advocate a limited increase. Austrian Finance Minister Maria Fekter, said that only 500,000 million fund [...]
Obama’s OKs to the Sanctions Against Iran Oil
U.S. President Barack Obama said today that “there is enough supply of oil from other countries,” so it gives green light to sanctions against Iran and those countries that buy oil to Tehran. The measure seeks to isolate the Iranian government in a time of rising tension, amid fears that the country’s nuclear program seeks [...]
U.S. announces that will lead the EU to the WTO for Airbus subsidies
United States announced today that denounce to the World Trade Organization (WTO) to the European Union (EU) for its alleged illegal subsidies to aircraft maker Airbus. “We refuse to stand by while American companies and workers are disadvantaged,” stated Ron Kirk, U.S. Trade Representative said in a statement. The dispute between the U.S. and the [...]
MasterCard Alert the Potential violation of Security of their Cards in the U.S.
MasterCard today warned of a possible security violation on one of its credit card processors in the United States, which a specialized blog also affects its competitor Visa has been compromised and data 10 million accounts in this country. “MasterCard is investigating a potential danger in the accounting data by a U.S. entity and as [...]
The IBEX retrieves 8,000 points by the budgets and bailout fund
The Spanish stock market has recovered 8,000 points today after rising 1.23%, in an intense session that was marked by government budgets and the strengthening of the rescue fund agreed by the Eurogroup. The main indicator of the Spanish market, the IBEX 35 closed at 8,008 points, representing a weekly loss of 3.31%, the second [...]
Europe limited to the minimum reinforcing its anti-crisis firewall
The euro zone agreed on Friday to strengthen its anti-crisis firewall, but well below the expectations of the international community to ensure an eventual rescue an economy the size of Spain, which has become the main concern of the monetary union. In a scuffle Friday in Copenhagen, the ministers of the 17 euro zone countries [...]
Spain: One of the Eurozone Countries most Affected by the Crisis
Spain is one of the 17 eurozone members most affected by the crisis, with record unemployment in industrialized countries, which in late January reached 23.3% according to Eurostat European statistics. DATE OF ENTRY INTO THE EURO AREA: Spain is one of the first countries in the Economic and Monetary Union (EMU), established in 1999, though [...]
Chavez threats to banks and companies that support plans of “violent” opposition
The president of Venezuela, Hugo Chavez, who aspires to re-election in October, on Thursday threatened to expropriate those banks and private companies to support the alleged violent plans, according to him, the opposition gears up for election. Supporters at a rally broadcast on radio and television, Chavez said he is developing “a little list of [...]
