Economy

07
Nov
The European Central Bank’s Inflation Conundrum

FRANKFURT — The European Central Bank will meet on Thursday under renewed pressure to do more to stimulate the Continent’s sluggish economies, as evidence grows that the recovery is failing to pick up speed and that inflation has fallen so low as to become worrisome. Mario Draghi, the president of the central bank, has already used a mix of threats, promises and cheap money to avoid a euro zone breakup and to help the most financially... [read news]

07
Nov
An Offer From Amazon to Its Most Bitter Rivals

The giant retailer announced a program to pay independent bookstores to sell its e-books and popular reading devices. SAN FRANCISCO — Amazon is going to the people who dislike and fear it the most — independent bookstore owners — and offering to work together to fulfill the needs and desires of their customers.The retailer on Wednesday announced a program where stores can sell its popular reading devices. The booksellers would get a... [read news]

10
Jul
Financial crisis led to increased suicide rates in Europe

The financial crisis caused suicide rates to rise in the European Union, according to a team of researchers from the US and UK. More Europeans have killed themselves in 2008 and 2009, compared to 2007, seemingly because of the tough economic times. The countries most affected by the recession, such as Greece and Ireland, had the biggest rise in suicides (17% and 13% respectively). Among the 10 countries featured in the study, only one, Austria... [read news]

29
Jun
France's Christine Lagarde named head of IMF

Christine Lagarde was named on Tuesday the new head of the International Monetary Fund. The French Finance Minister will begin her five-year term on 5 July. She will be the first woman to occupy the position of IMF managing director in the entire history of the institution.Lagarde won the position over Mexican Central Bank Governor Augustin Carstens, after receiving support from the United Sates, as well as from Russia, China and Brazil. The IMF... [read news]

24
Jun
Deutsche Bank fired one of the top’s traders

In an exclusive article of Reuters, the journalists found out that Deutsche Bank fired one of their top’s traders, the high experience figure, Alex Bernand. After an investigation that started in 2009, at one New York colleagues’ request, the London expert from Deutsche Bank was dismissed. The reason for this gesture is the “substantial trading anomalies” managed by Bernard, representing Deutsche. The firing was made very quietly... [read news]

23
Jun
European leaders are helping Greece’s economy

The European leaders will try to convince Greece and the financial markets that they have a functional plan for helping Athens to avoid a new fall out in the crisis’s battle, according to Reuters. The officials are ready to speak with Prime Minister George Papandreou about the launching of a new bailout of 12 million dollars that will help Athens, with the only condition of starting the economic reforms of the country.  The German canceller... [read news]

20
Jun
Japan’s exports, down in May

The 9 magnitude earthquake that hit Japan north coast on March and it was followed by a powerful tsunami that led to the nuclear accident of Fuckushima power plant is a big test for the Japanese Government. The country is stabilizing its economy very slow and despite the desperate and immediate efforts, Japan not only that they lost people, natural resources and economical stability, but they had to face the investor’s trust that is very low.... [read news]

31
May
Japan’s country rating could fall, Moody’s rating agency warns

Moody’s rating agency warned Japan that it could diminish the country’s rating Aa2 because of the fears regarding the perspectives of improving the economy. More, another fear of the rating agency is the weak reaction of the authorities to the public debt, a very big one, according to Reuters.  In an official statement of the agency, the officials said that without an effective strategy, the Government’s debt will raise very much from a... [read news]

19
May
China billionaire is giving up everything for his mistress

A simple message on a social media channel in China, similar to Twitter, Sina Weibo, set the whole Chinese internet on fire. The billionaire Wang Gongquan, one of the CDH Investment's founder, wrote on his wall a message were he said that he has plans for running away with his mistress and to leave everything behind. The founder of Jiangsu Zhongfu Science and Technology Industrial Group Co. shocked everybody with his sincerity and the worries... [read news]

19
Apr
The end of the Fukushima nuclear crisis

The Japanese experts gave their first estimations about ending the nuclear crisis. The plantowner told the press that they will need six month to stabilize the nuclear reactor. This is thefirst time that the Japanese experts had some estimations about ending the great crisis.The radioactivity will be restored at a normal level in three months and the plant's coolingsystem will be put in normal parameters, said the Tokyo Electric Power Company's... [read news]


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