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Oil Market Analysis June 4, 2012
Oil seems to be in a huge free fall after failed to hold all support levels to 84.20 level. Oil's reverse in price from 89.12 support level was in vain, however Oil continues with its sustain gain below 92.52 after commodity dropped from this crucial... Read more ››
U.S. growth revised down for the first quarter
U.S. economic growth during the first quarter was slower than initially thought, revised data show the commercial department. In the first three months of the year gross domestic product (GDP) of U.S. grew by 1.9%, and preliminary data showed an incr... Read more ››
Europeans do not believe in their leaders, but support measures
Besides that led to many bankruptcies of companies of all sizes, fewer income households and closing and cutting many state programs, the debt crisis in Europe took many governments. According to the study of American non-governmental institute Pew R... Read more ››
Mario Draghi: The euro area is “unsustainable” without further integration
Euro zone is "unsustainable" without further integration, said today the president of the European Central Bank (ECB) Mario Draghi to the European Parliament said on Monday.
Now markets question the fundamental structure of the euro Dear... Read more ››
Why Asia will not complain about the weak yuan?
I always wondered why Asian countries, unlike the West rarely complain about "unfair advantage" that China receives from the weak yuan, Fannie V. Kumar wrote in a commentary on MarketWatch.
Eventually they also have something to lose fro... Read more ››
75% tax on the rich and exit from NATO wants SYRIZA
"Supporters of the bipartisan coalition (PASOK and New Democracy - Ed.) And their allies in EU and IMF are trying to blackmail the Greek people."
These are some of the introductory words in the election program of the Greek extreme left ... Read more ››
100 billion outflow from Spain in the first quarter
Almost 100 billion capital has leaked from Spain during the first three months of the year, which equates to about one tenth of Spain's gross domestic product (GDP), according to the central bank in Madrid, quoted by Financial Times.
The... Read more ››
Large Greek banks will have to restructure
The four largest Greek banks, on Monday the European Union (EU) and International Monetary Fund (IMF) 18 billion recapitalization shall within three months to draw up restructuring plans, said the head of the Greek Fund for financial Panagiotis stabi... Read more ››
Insurers froze the cover for Greece export risk
The largest insurer in the world of commercial lending Euler Hermes stopped to cover the risks for companies exporting to Greece. The same is done and Coface - the third largest player in the global insurance business commercial loans.
"... Read more ››
Brussels calls for EU bank
European Commission (EC) called for measures in addition to growth and reduce debt, and to introduce the euro area banking union, and to consider the introduction of Eurobonds and direct recapitalization of banks by the European rescue fund. Accordin... Read more ››