crisis
May 27th, 2010
Europe Wants to Move Beyond 20% Greenhouse Gas Emission Reductions
The European Commission has presented an analysis of the costs, benefits and options for moving beyond the EU’s greenhouse gas reduction target for 2020 from 20% below 1990 levels to 30% once the conditions are met. At present these conditions have not been met. This communication follows the Commission’s Communication on “How to reinvigorate international...
May 14th, 2010
Europe Crisis Likely to Rule Gold Prices: ASSOCHAM
Volatility is likely to rule gold prices until visible stability anchors Euro zone and continue to fluctuate between range of over Rs.18,000 to Rs.19,500 per 10 gm for next 6 months as stock markets also run through uncertainty in face of FIIs flows, said an industry body on Thursday.
In it’s assessment of Gold prices Vs...
May 5th, 2010
Britain to Borrow the Most Money in Europe
Britain will borrow more money than any other country in Europe this year including crisis-torn Greece.
In a stark warning on the eve of the general election, the European Commission tonight said the UK budget deficit will hit a record 12 per cent of economic output this year. That is the biggest of all 27 nations...
May 4th, 2010
Europe: Business Investment Rate Fell Further in Q4 and the Household Saving Rate Declined Marginally
This weekend will be key for the Greek crisis, as the EU is bound to announce a large rescue package for three years (rumours to up to 120 bn euro and beyond), while the Greek government will announce its consolidation plan negotiated with the IMF and EU institutions, which has been leaked and is also...
Mar 10th, 2010
The Future of Europe and the Euro
As the Euro crisis continues to play out in Greece and other European countries, the future of the euro is being called into question. Troubled economies face years of slow growth and deflation unless EU leaders overhaul fiscal and monetary policy.
Uri Dadush explains that Greece, Spain, Ireland, Italy, and Portugal face a “severe risk of...
Mar 2nd, 2010
Dollar Rises on Europe Worries
The dollar rose against most major currencies on Monday amid worries over Greece debt crisis and political uncertainties in Britain.
EU Commissioner on Economic and Monetary Affairs Olli Rehn openly urged the Greek government on Monday in Athens to announce as soon as possible the additional measures to cut its massive budget deficit, which reached 12.7...
Mar 2nd, 2010
WRAPUP 2-Europe car sales up in Feb., but tough times ahead
French car sales up 17.8 percent in Feb to 179,926 units
Italian car sales up 20.6 percent to 200,560 units
Spanish car sales up 47 percent
Toyota sales relatively unscathed (Adds Italian car sales, Toyota sales details)
MADRID/PARIS/MILAN - Car sales rose sharply in France, Italy and Spain in February as scrappage programs lifted business, but European carmakers are...
Feb 25th, 2010
Why Investors Are Selling Italy’s ETF
As Europe comes to grips with its debt problems, investors are taking a closer look at Italy’s situation and they don’t seem too pleased. It’s led to jittery investors selling off Italy’s exchange traded fund (ETF), lest they get caught in the maelstrom.
After the brouhaha with Greece’s rather large deficit problem, people have taken a...
Feb 19th, 2010
EU should spell out Greek support
The European Union should be more specific on how it would support Greece in a crisis, to help lower the highly indebted country’s borrowing costs now, Greek Finance Minister George Papaconstantinou said.
Concern over Athens’ ability to repay its debt mountain has shaken confidence in the euro and prompted EU leaders to issue a vague...
Feb 12th, 2010
ECB to aid EU to tackle Greece problems
The European Central Bank and the European Commission will join forces to monitor Greece and to draw up “necessary additional measures” to maintain stability in the euro zone, the ECB said on Friday.
Greece has been pounded by financial markets after revealing its 2009 budget deficit was 12.7% of the gross domestic product, more than four...
Dec 16th, 2008
DSM Business In China Has Suffered Trauma
Despite the global economic crisis spread, due to the fundamental interests of the consolidation of long-term needs, in a rush of expansion in China the world’s chemical giants did not back down.
Dutch company DSM has recently issued that a new plant in Shunde city in the Pearl River Delta will be build in a few...