Archive for June, 2012
The Twenty Adopted a Growth Plan of $150,000 Millions
The Twenty adopted at the Summit of Heads of State and Government a growth plan to help boost the economy and boost employment, a project with up to 150,000 million dollars, according to the latest draft of conclusions to which our sources had access . The figure corresponds to 1% of gross national wealth of [...]
The BBVA sold its business in Puerto Rico for $ 500 million
BBVA has reached an agreement to sell its business in Puerto Rico for signature Oriental Financial Group for 500 million dollars, said today the state. Bank sources told that the assets sold, which include among others the BBVA and BBVA Puerto Rico Inc-Insurance are not “strategic” because it gives them a market share of 5.9%. [...]
Italy has to raise the interest to finance, but less than expected
The Italian Treasury has succeeded this week in three shifts 18 300 million in debt in the short, medium and long term and for this, as repeated from the beginning of April, had to raise interest rates offered, but not as much as expected and also received a good demand. In a week where there [...]
Economic Activity Remained Stable in May in the Eurozone
Economic activity remained stable in May at the euro area, after the fall of April, reported the private entity of The Conference Board analysis. The index that makes this entity for the euro area (Coincident Economic Index-CIS-), which measures current economic activity through employment, industrial production, retail trade turnover in manufacturing, stood at 101.9 points [...]
Tokyo advances driven by the good indicators of U.S.
Tokyo stocks advanced today with the publication on the eve of indicators pointing to a U.S. recovery, while investors kept an eye on the EU summit that begins today. The Nikkei rose 143.62 points, or 1.65 percent, and remained at 8,874.11 points, while the Topix index, which groups all the values of the first section, [...]
France insists that there are no tensions between Paris and Berlin
The French Minister for European Affairs, Bernard Cazeneuve, insisted today that between Paris and Berlin all is well and that although there are still “issues to be discussed” on its way to address the crisis, these discussions are treated “without ambiguity”. “There are no problems between the French and Germans. I think we tried to [...]
Current CD rates and CD yields
It is well known among investors that a sum of money earning a return of 7% will double in about ten years. Current rates on certificates of deposit, however, are nowhere near that level. The national average for a CD with a term of six months is hovering around 0.2%; those willing to lock their [...]
Zoellick will work to Harvard and Peterson after leaving the World Bank
The outgoing president of the World Bank, Robert Zoellick, announced today that it will be devoted to academic activity at Harvard University and the Peterson Institute for International Economics after leaving later this month his office. The multilateral bank chief said in a statement his future plans as of June 30, the end of his [...]
The Eurogroup determines that aid to Spain is “justified”
Finance ministers of the eurozone today have determined that the conditions for granting financial assistance to the Spanish Government to recapitalize the banks and the aid is “justified” to safeguard financial stability in the common currency area. “Ministers welcome the assessment provided by the European Commission, in cooperation with the European Central Bank, the European [...]
The Eurozone and the IMF Predict a Full Recovery for Cyprus
Finance ministers of the euro area have determined today that Cyprus must be rescued with a comprehensive adjustment program with the help of the International Monetary Fund (IMF) and not only help the banks in that country. The ministers agreed “that an adjustment program seems justified at this time” and considered “respond favorably to it,” [...]
