Europe

No Picture

Kia Motors increased European sales by 22.8pc in July

The crisis is not treating equally everyone within the manufacturing car sector. Take Kia Motors Corporation. The South-Korean giant recently announced that its global sales figures, including export sales, domestic sales and sales from overseas plants, have jumped on the upward trend. In passenger cars, recreational vehicles and commercial vehicles for July 2012, the company recorded a total of 226,818 units sold. It represents a year-on-year increase of an enviable…


No Picture

“The Euro will be salvaged but it will be a close call”

The Corner continues with its summer series of interviews about the future of Europe seen by international experts. Today, New York University Economics Professor Lawrence White gives his take. He has been with New York University Leonard N. Stern School of Business for more than 30 years. His primary research areas of interest include financial regulation, antitrust, network industries, international banking and applied microeconomics. He is coauthor of Restoring Financial…


dollars1

Is the Fed also waiting for Draghi?

Ben Bernanke is not taking the wallet out of his pocket, at least not yet. The Fed will first assess July and August US unemployment reports and also “financial developments”, as it said in a statement at the conclusion of a two-day meeting in Washington. Meaning what? Meaning financial stability in Europe, which is one of US main concerns. We’ll have to wait until September, but there are some hints…


No Picture

Obama: Europe has cronic wound but the euro will survive

“I don’t think ultimately that the Europeans will let the Euro unravel, but they are going to have to take some decisive steps,” US President Barack Obama said in a fundraiser event Monday night held in a New York high end hotel. Only four months before the U.S. election, Euro worries are inevitably playing a major role on this side of the Atlantic. Any worsening in the Euro zone situation…


No Picture

Bernanke’s speech on Europe: reading the tea leaves

NEW YORK | Federal Reserve’s chairman Ben Bernanke attended his semi-annual monetary policy report to Congress on Tuesday and Wednesday, insisting that the Fed remains in close contact with European authorities but the alarms of spillover are still on. “I don’t think they [Europe leaders] are close to having a long-term solution that will solve the problem and until they find those long-term solutions, we’re going to continue to see…


France

Issuances slow up in the corporate bond markets under euro pressures

By CaixaBank research team, in Barcelona | The worsening climate in peripheral Europe has affected the corporate bond markets. Whereas, during the previous months, this market stood out for its remarkable ability to resist the adversities of the euro area crisis (from the point of view of issuances and the extent of capital flows), in May investor mood and the issuance of corporate bonds had been fully infected. In addition,…


No Picture

“There will be a surrender of sovereignty, but not quickly or emphatically enough”

By Tania Suárez, in Madrid | Intermoney chief economist José Carlos Díez considers that a monetary union with stability and credibility will not be possible unless there is a surrender of sovereignty. He adds that it is not only Germany the one that must be flexible in its position, but all member countries alike. Can be the Thursday-to-Friday summit  considered as “the definitive” or will it result into a new…


No Picture

Too much government staff? Not in Spain

NEW YORK | In the debate over austerity and government spending some throw the question of 'oversized administrations'. Are there too many government workers in Europe? And in the U.S.? Should the numbers be reduced? The Spanish Secretary of State for public administration Antonio Beteta has apologized to the unions for suggesting last week that workers should “forget about having their morning coffee break and reading the newspaper.” It has…


ksjkdjs

US reax to “euro D-day” elections in Greece

ex gf goexback.com How to win back your ex NEW YORK | Hardly ever a small European country's parliamentary election has arisen that much attention in the U.S. Greece's vote on Sunday made the headlines in most American media, which have been following the european entangled crisis for the last months. The White House appeared to be sighing in relief. The worst case scenario for Washington (a quick and messy…


1 fullsize

Investors rank Europe as the most undervalued region

ex gf http://goexback.com how to get your ex back Global equities are at their most undervalued since August 2011, a BofA Merrill Lynch survey of fund managers showed for June. A net 48 percent of the global panel believes global equities are undervalued, matching the lowest level since the survey began. The reading is up from a net 35 percent in May and a net 22 percent in April. At the same time, a…