19Nov
Member countries of the oil exporting countries have lost about 700 billion dollars because of falling oil prices, said in an interview the organization’s president Chakib Kelly, cited by the BBC.
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Tags: barrel, dollars, export, oil, organizations, prices
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17Nov
Inflation in Europe, which is now officially in recession, is its lowest level for October of nine months since it appears from Eurostat data.
The increase of consumer prices was 3.2 percent for October on an annual basis (after 3.6 percent growth in September and 3.8 percent in August). This is the lowest level of January 2008
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Tags: credit crisis, europe, exchanges, financial crisis, inflation, mortgage, recession
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15Nov
Registrations of new cars in Europe in October fell by 14.5 percent on an annual basis after falls of 8.2 percent in September and 15.7 percent in August. It cited by AFP showed evidence of the European Association of Automobile Manufacturers.
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Tags: automobile, cars, economic, economy, euope, finances, financial crisis, manufacturers, sales
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13Nov
World Bank plans to provide USD 100 billion dollars in the form of aid to developing countries since some of the poorest countries face a serious test for the global financial crisis, says Financial Times. During the international meeting this weekend of President Robert institution Zelik said it would be a historic mistake to ignore the interests of the developing world.
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Tags: banks, development, dollars, finances, global financial crisis, loans, world bank
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09Nov
Officials from 20 industrialized economies (G-20) are gathered this weekend in Sao Paulo to discuss a plan to revitalize the growth of world economy.
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Tags: Central Bank, economy, growth
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04Nov
The new U.S. president who will take over one of the hottest positions in the world, must fight a number of problems. The credit crisis, collapse of Mortgage Market stabilization of the financial crisis, huge budget deficit and weakening labor market are only part of the emerging themes that are already out of control of U.S. authorities and showed interest worldwide.
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Tags: economic crisis, economy, finances, financial system, Markets
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01Nov
U.S. shares rose more expensive, thus their weekly growth rose by the largest since 1974 after JPMorgan Chase acted to deal with problematic mortgages, interbank interest rates decreased and the profits of companies outside the financial sector grew four times faster than in the previous quarter.
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Tags: bank, benchmark, companies, credit markets, dollars, economy, financial sector, interest rates, loans, mortgage, profits, S&P, shares
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30Oct
U.S. markets erased its gains since the beginning of the session, which had resulted from a slower than expected slowdown in the U.S. economy. Shares, however, continue to be traded on the green territory.
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Tags: Business, Dow Jones, economy, housing, investment, Markets, NASDAQ, shares
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29Oct
The Federal Reserve reduced the basic rate in the country by 50 basis points to 1 percent, which is the second reduction last month. Expectations were for the reduction of interest within 0,5-1%.
“The rate of economic growth appears to be delayed significantly because of decreased consumer spending. Investment in business equipment and industrial production weakened in recent months and is slowing economic growth in many foreign economies threatens U.S. exports. Additionally, market turbulentsii likely will reduce costs, partly due to reduction in the ability of households and businesses to obtain loans, “says the official release of the Fed.

“Due to declining prices of fuel and other commodity assets and expectations due to weakening economic activity FOMC expects inflationary pressures to fail in the coming quarters to levels corresponding to price stability”, says in the message.
“Recent actions, including today’s reduction in the basic rate, coordinated reductions of interest rates by central banks, additional measures to enhance liquidity and public steps to strengthen the financial system should improve credit conditions and regaining moderate economic growth. However, risks in terms of growth there. FOMC will monitor economic and financial indicators closely and will do whatever is necessary to support sustained economic growth and price stability.
The U.S. market reacted to the cancellation of the original rastove to 20:25 local time DJIA reported a decrease of 0,74%, Nasdaq fell by 0.05 percent and S & P 500 reported drop of 0.7 percent.
Today China’s central bank divest the basic interest rate to 6.66 from 6.93 previously.
Norway’s central bank also lowered the basic interest of the country - by 50 basis points to 4.75 after earlier for three years led to higher policy rates.
Next week is expected the ECB to lower interest rates by half a percentage point to 3.25 percent.
In early October the ECB lowered interest rates by 50 basis points to 3.75 percent in coordinated shares together with several other central banks.
According to an anonymous source Reuters reduction of the base rate will be by the Japanese central bank.
Tags: assets, banks, basic rate, economy, federal reserve, fuel
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29Oct
Direct losses in the global economy as a result of this financial crisis will reach 2.8 trillion dollars, says the “Stabilization report of the Bank af Ingland. The financial institution twice increased its estimate of the amount of losses compared to its assessment, made in May.
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Tags: crisis, dollars, financial crisis, financial system, global economy
Posted in Featured News, Money, World Business | No Comments »