Sideblog 
- FOREX-Euro slides, hurt by banking and economic worries - FOXBusiness Tuesday, 7 September 2010, 7:12 am
Kansas City StarFOREX-Euro slides, hurt by banking and economic worriesFOXBusinessLONDON, Sept 7 (Reuters) - The euro fell broadly on Tuesdayafter rekindled concerns about the European banking sector. […] - La Mancha Announces a Positive Preliminary Economic Assesment for Its Hassai ... - MarketWatch (press release) Tuesday, 7 September 2010, 7:02 am
La Mancha Announces a Positive Preliminary Economic Assesment for Its Hassai ...MarketWatch (press release)Phase 2 of the PEA was prepared by AMEC and SGS Lakefield and focuses on the economic viabili. […] - AP analysis: Economic pain failed to ease in July - The Associated Press Tuesday, 7 September 2010, 6:02 am
AP analysis: Economic pain failed to ease in JulyThe Associated PressAmericans' economic struggles persisted in July, largely unchanged from the previous month, according to The Associated Press' mont. […]
Global Economic News 03/06/2009
March 8, 2009 by admin
Filed under Economic News
AIG the insurance giant posted a record loss of $61.7bn in the final quarter of 2008. The company is to receive an extra $30bn to add to the already supplied $150bn bailout package. It is perceived that to allow the company to fail would have had too huge an impact that on the wider economy. The effects of this news are to further undermine confidence in the financial sector especially the insurance business.
Car makers across the globe continue to feel the worst of the downturn with the future of GM still unsure. Its European subsidiaries Open and Vauxhall are struggling for survival without state aid. With so few people willing to take on any further debt to purchase large ticket items the future of many car manufacturers will be uncertain even with the current economic stimulus being applied.
In the UK interests fall to a new low of just 0.5% and the Bank of England announces that it will ‘print’ $105bn new money to kick start the economy and avoid the worst of the deep recession. This method known as ‘quantitative easing’ is thought to be a last resort, fail-safe way to boost the economy but is fraught with danger of causing inflation and devaluing of currency. Only time will tell if this strategy was worth it.
Markets This Week
US:DOW - down 6.2%
US:S&P500 - down 7.1%
UK:FTSE - down 7.8%
JPN:Nikkei -down 5.2%
Gold - $938
Oil - $45.63
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Global Economic News - 02/27/2009
February 27, 2009 by admin
Filed under Economic News
US Treasury increases stake in Citi Bank to 40% but does not increase cash investment, rather it insures the bulk of Citi’s $306 billion risky investments. Shares ended significantly down but there is a sense of relief that an agreement had been reached.
Markets across the globe fell as uncertainty about the future of banks and other financial institutions drove down prices. Very little optimism can be found making equity prices appear high and company earnings uncertain.
Chinese unemployment is causing concern as the economy slows and many economic migrants find themselves out of work. The economy is still set to rise by 8% in 2009.
US Jobless figures are forecast to provide a gloomy outlook this week further undermining confidence in the economy with very little room left to stimulate using simply interest rates.
Markets This Week
US:DOW - down 4.2%
US:S&P500 - down 4.5%
UK:FTSE - down 1.7%
JPN:Nikkei -down 2.1%
Gold - $941
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