The US FED made the expected statement yesterday on the need to keep the US economy humming, but it sounds more like a rhetoric rather than reality. The US FED has no scope for cutting down interest rates to prop up the economy as the rates are already near zero.
The US FED has a [...]
China economy on Monday overtook Japan and ranked next to US. After Tokyo showed a weak economy the power was been shifted to the land of rising sun. The second quarter of Japan’s GDP saw a less growth of 0.1% q-o-q which was driven by weakness.
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The global stock markets had ended the last week on a pathetic note, and things are looking worse for the new week also. Yes, all the major stock markets have gone down anything between 2% to 4% on Monday, thanks to Hungary comments on near default by that country.
Also the US job additions were [...]
The new British government will find difficult in occupying immigration. The new skilled professionals and students will find difficult to settle in Britain. The reason behind is the new David Cameron government which puts conservative policy among immigration. Immigration policy has put a annual limit and curbs for migrants from [...]
Greece has made a deal with European Union and IMF for a multi billion deal. The government has expected the Greek people to make big sacrifices. The Prime Minister George Papandreou addressed the Greek people on Sunday. The financial bailout is total of $160 billion and still needs backing.
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The eruption volcano name is Eyjafjallajokull which is situated in Iceland. In UK only there was canceling of 300 and more flights. Northern Europe faced a fired ash on Thursday due to the volcanic eruption. The volcano had already melted a surrounding glaciers part which caused severe floods. Around 700 [...]
The European crisis is not showing any signs of fading off. The confusion on how to fund any Iceland debt requirement by the European heavy weights, has forced Moody’s to downgrade Iceland rating to negative from Stable.
This rating downgrade would make life more difficult for Iceland and also for other troubled European countries namely [...]
Fitch has now downgraded four of the leading banks in Greece by one / two notches , due to the bulging deficit of the country. The rating agency is also likely to review the rating further by the end of March, based on major moves expected to be taken by the Greece government.
The cost of [...]
The European Union was formed a decade back with the backing of over 14 countries which were flourishing at that time. And it was formed as a strong competitor for the United States, and in the first few years the competition was very much successful.
But over the last two years the global crisis has been [...]
US employers unexpectedly cut 85,000 jobs in December, but the unemployment rate held steady at 10%, official figures have shown.
The number of job losses was surprising, particularly after November’s figures had been revised.
The US Labor Department had initially estimated that 11,000 jobs were cut in November, but now says that the economy had in fact [...]
