Tag: Finance
Cyprus seeks alternatives to avoid financial meltdown
Cyprus Wednesday seeking alternative funding for a vital international parliamentary after the resounding rejection of the European rescue plan considered unacceptable conditions imposed by the population. While waiting for a new proposal, and to prevent people from mass withdraws money from their accounts, the banks of the island will not open until Tuesday, and Thursday, [...]
Global stock markets suffer from the bailout to Cyprus
Major world stock markets on Monday were affected by the imposition of an exceptional tax on bank deposits in Cyprus, to contribute to the international bailout of the island. European shares, which began the day with heavy losses moderated after their falls. The London Stock Exchange ended down 0.49%, on the Paris Bourse’s CAC 40 [...]
Wall Street faces the challenge of extending its rally
Wall Street has managed to sign two historic weeks, in which the Dow Jones (DJI – news) has pocketed eight consecutive records, but the challenge now is to extend this rally after having met on Friday with his first trip. The benchmark index fell yesterday New York park without enough gas to continue his impressive [...]
Wall Street expects to continue its momentum and inspire the real economy
The New York Stock Exchange beat highs this week and hopes to continue its momentum, which may seem disconnected from the real economy, but it could be a sign of a more widespread recovery, experts say. In the last five sessions, the Dow Jones Industrial Average, the index of the top 30 companies listed on [...]
The EC Clears The New Spanish Amortization
The European Commission (EC) today gave its approval to the new Spanish regime anticipated amortization of assets acquired under finance leases, the conclusion can not be regarded as a form of state aid, which responds to the concerns of the shipping industry. The EC concluded that the new Spanish system of prepayment of the cost [...]
The IMF calls for an automatic increase of the retirement age and pension cuts
Link the increase in retirement age to longevity automatically, cutting benefits for future public and share risks with private pension plans are some of the recommendations of the IMF to control the rising costs due to aging. “The risk linked to longevity is an issue that requires more attention and has been underestimated (…). A [...]
EU calls for an increase of IMF resources after strengthening
Finance ministers of the European Union today sent a message in favor of increasing the resources of the International Monetary Fund (IMF) so you can support the euro area, and emphasized that Europe has already done its job. Finance Minister of France, François Baroin, appealed to the increase in IMF resources, which could be decided [...]
Obama Urges Congress To Approve Legislation On Infrastructure Investment
President Barack Obama on Wednesday urged the U.S. House of Representatives to approve a bipartisan bill that will invest 109,000 million dollars (82,400 million) to modernize roads, bridges and rail systems in the next two years, and finally excludes the controversial Keystone XL pipeline. The measure enjoys bipartisan support in the House and among the [...]
The deficit remains a “challenge” to Spain, according to Moody’s
The rating agency Moody’s credit risk reported today that fiscal balance in Spain remains a “challenge” despite relaxation of the deficit, estimated at 5.3 percent of GDP by 2012. Moody’s, in its report “Spain: the fiscal outlook remains challenging despite relaxation of the deficit target,” released today in London, believes that fiscal consolidation this year [...]
Goldman Sachs executive charge against the bank in a bitter letter of resignation
A senior executive of Goldman Sachs today resigned from his position as unconventional way through a tough opinion piece in The New York Times accusing the U.S. investment bank, one of the heavyweights Wall Street, referring to his clients as “puppets”. “Today is my last day at Goldman Sachs,” begins the letter of resignation from [...]
