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Category archives for: Finance

Bank Of England Issues Warnings To UK Banks

bankofengland

The bank of England has issued the warning to UK banks about the continual financial issues in the Eurozone. The Bank of England has stated that the bi-annual financial stability report has suggested keeping a very close eye on the financial power of European lenders and it needs strict measures to move along. The UK [...]

Eurozone Leaders Meet To Discuss Debt Crisis

brussles

European leaders meeting in Brussels this week are expressing concerns about the stability of the Eurozone and how to contain the debt crisis that is slowly crippling Eurozone bonds. The two-day summit is seeking a way to establish a permanent agreement on how to rescue countries with heavy debt burdens. One problem facing the leaders [...]

Europe faces an unprecedented crisis. Who will be next?

europe-central-bank

Europe has had, from the economic point of view, a horrible year, with plans to save Greece and Ireland, followed by a cortege of austerity plans, the euro area are obliged to adopt serious reforms in order to survive. “If the euro fails, Europe will fail,” German Chancellor Angela Merkel summed. Since 2008, the crisis [...]

Modest increase in U.S. stock market, pending approval of tax cuts plan

wall-street

U.S. stock indexes began the trading session Monday with modest growth, supported by the prospect of tax cuts plan approval from the U.S., writes Reuters. The Dow Jones industrial average rose 0.15% at the beginning of the hearing, Standard & Poor’s has appreciated by 0.17% while the Nasdaq hover near the threshold of closing Friday. [...]

Barcelona has signed the biggest sponsorship deal in football

barcelona

FC Barcelona Spanish Team has concluded a sponsorship contract worth 150 million euros with the government of Qatar, which will help reduce the club debt, writes the Financial Times. This partnership also has the foundation for future relations between the Spanish football and the Gulf state, which will host the World Cup in 2022. The [...]

US Mortgage Rates Soar To Highest Level Since June

mortgage

US mortgage rates have hit their highest levels in nearly 6 months as the rising costs of governemnt borrowing challenges the shaky US housing marketing. The rate for the 30-year fixed rate mortgage averaged 4.61% this past week according to a government survey of Freddie Mac.  The rate last week hovered around 4.46% for the [...]

Wikileaks:American oil industry had little benefit from the Iraq War

OilFieldsIraq

The conflict in Iraq has brought few benefits to U.S. oil industry, one company made a considerable profit, Halliburton, U.S. diplomatic documents shows. When Iraqi Oil Minister Hussein al-Shahristani, has provided the first contracts to foreign companies in 2009, he said that profits will be split, and that oil prices will be fixed. However, U.S. [...]

Over one billion of the $ 100 bills were printed wrong by U.S.

100USD

In total, over 110 billion dollars have been seized in America because of the errors. It seems that some notes were crimped during production and no longer meet the elements of safety, officials say that 100 American dollars were printed wrong by U.S. How many employees would lose 20 years if we were to sort [...]

Euro will be a weak trend in 2011

EuroDolars

British bank Standard Chartered analysts, who predicted the euro best development so far, say that the evolution of the euro this year – the weakest since 2005 until now – will continue next year due to concerns about the crisis State debt, Bloomberg. Standard Chartered, which has achieved the most accurate estimates over the six [...]

International Monetary Fund revived by global economic crisis

IMF

Institution who a few decades ago seemed idle and irrelevant, the International Monetary Fund (IMF) has regained the fundamental role in the repair of the world economy. Only this year has provided credit lines to countries like Colombia, El Salvador, Greece, Jamaica, Mexico and Ukraine. With Ireland’s entry to the group member who received financial [...]

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