Top Stories

World economy

xkc

World economy 27th June 2012

The consequences of the U.S. banks downgrade

NEW YORK | Last week 15 major banks, including the nation’s three largest institutions, JPMorgan Chase, Bank of America and Citigroup, which together have more than $6.4 trillion in assets, suffered credit ratings cuts by Moody’s. No matter their efforts to strengthen their operations since they received a warning in February, their core businesses still present structural weaknesses, the ratings agency said. Bank of America, which owns Merrill Lynch, and Citigroup,…

kzjx2

World economy 26th June 2012

U.S. elections: the race to seduce Latinos

NEW YORK | Without Latinos the access to the White House in November is not guaranteed. They are 55 million Hispanic citizens in the U.S, according to the census, but they are more likely than other minorities to stay home on Election Day. Five months before the polls, both Republicans and Democrats are desperately struggling to seduce them. Despite the millions spent in TV and radio advertisement in Spanish, it…

oil barrel

World economy 20th June 2012

Widespread drops among commodities

By CaixaBank research team, in Barcelona | Oil intensified its correction and, between 20 April and 21 March fell by 10.7%, reaching 109.10 dollars per barrel (Brent quality, for one-month deliveries). Crude was therefore 1.1% above its level at the start of 2012 but 2.1% below its level of a year ago, which will pull down April and May's CPI in most economies. Oil prices confirm that they are following…

1216B Poor CA Bear C5

World economy 19th June 2012

S&P: California’s aggressive austerity won’t solve its huge deficit

free advice on getting your ex girlfriend back NEW YORK | California's new fiscal year begins July 1 with a massive problem: a $16 billion hole, the biggest deficit of the 50 states. Without one budget in place, the Golden State would not be able to make certain payments to schools or pay salaries of officials and their staff. While part of Europe suffers from austerity, California's lawmakers are also…

No Picture

World economy 12th June 2012

Chinese interest rates: it’s about politics

LONDON | The People's Bank of China eased the cost of credit with a 25-basic point cut on the benchmark interest rates, unlike its counter-parties in Europe. The Chinese central bank set the 1-year lending rate at 6.31 percent from 6.56 percent, and issued new conditions under which retail banks are allowed to offer loans, now with a 20 percent discount instead of the previous official 10 percent. Is the…

agao4

World economy 11th June 2012

IN DEPTH | Africans thriving for business, not development aid

make your ex gf come back NEW YORK | She has traveled from South Africa to New York, almost 8,000 miles (13,000 kilometers), to do some useful networking. Melanie Medell, who runs her own textile company in Cape Town, is one of the 47 African women from 37 countries participating in the third annual Africa Women Entrepreneurship Program (AWEP). During three weeks, they will engage in conferences and professional training…

No Picture

World economy 8th June 2012

Friday’s German chart: industrial production falls again

how to get your ex girlfriend back in a month LONDON | In came this week the numbers of German industrial production, and those who stir up the threat of an approaching euro area-wide recession saw its arguments confirmed: from March to April, Germany registered a 2.2 percent decline, a whole 1.2 percent under market expectations. The figure, 2.2 percent from 2.8 percent in March, placed that month's industrial production…

No Picture

World economy 7th June 2012

Emerging economies heat up global tourism activity

How To Get Your Ex Girlfriend Back In the last six years citizens’ expenditure from emerging and fast growing economies in international tourism services has more than doubled, whereas in the G7’s it has barely grown. The gap in the aggregate expenditure is closing very fast, according to BBVA recent research. While in 2005 the total of the emerging block was only a quarter of the G7’s, in 2011 it was more…

lkjsd

World economy 6th June 2012

Japan on the horizon

By Luis Arroyo, in Madrid | Peeking into Japanese modern economic history is a must for most Europeans, since we are plunging into the same mud waters that country has gone through for twenty years. Japan seems to have succeeded in leaving the 1990 crisis behind, a crunch not altogether different from our predicament. On the positive side, there is the fact that now we know it could have returned…