News

Spain's Rajoy hails bank rescue as 'victory for euro'
Another euro area country is forced to borrow money.
On Saturday, the eurozone ministers agreed to lend Madrid up to 100bn euros ($125bn; £80bn) to help banks hit by bad property loans.
This money will go to support banks that approved bad loans in real estate.
Although Spain's prime minister said that is a success for the euro area, in reality, the population will have to pay unprofitable investment made by banks .
The only country that has adopted an attitude against bad actions taken by banks is England.
The current global crisis is the first in history when banks are helped to cover the holes that were created by the same banks.
Source: www.bbc.co.uk

Bank inquiry launched after Libor rate-rigging scandal.

Prime Minister David Cameron: "Bankers who have acted improperly should be punished"
England started the "war" against banks. So asked a commission to review all activities performed by them so far.
England became the first country, in times of crisis, requires banks accountable. An analysis of banks that would need to be made ​​in all countries in the world. Responsible for the crisis should be punished and brought to populations that deserve to know the truth.
Whay population must pay for "mistakes" of some interest groups?
 Source: www.bbc.co.uk

Ministers to order Libor bank rate review
Banks are put in focus the investigation. All these things have occurred as a result of reorganization of government policies.
More people are wondering how no one was in prison for the devastating situation in financial markets.
When the financial crisis occurred? Who is responsible? Why wasn't anyone arrested?
Too much mystery to a world so well informed.
Source: www.bbc.co.uk

Merkel defends compromise deal on eurozone banks
 Euro area under siege. If there are no solutions for Greece to Spain and Italy it was decided to issue the bonds. The same type of problems, financial, different solutions. And then comes the question: "What is the European Union?"
Why some states are obliged to borrow money from banks or the IMF, and other benefits from a financial protection?
Source: www.bbc.co.uk

Supreme Court says health mandate's a tax
Health insurance is a serious problem for the U.S. government. Therefore, to vehiculated idea of access to health care according to the contributions paid by the state. What will happen to those who can afford health insurance?
 Source: http://money.cnn.com

Start-Up Compensation and Hiring Eurozone tossing with every day that steps are taken to correct the deficit created. Germany is not excited by the proposals made by the negotiating partners, so solutions soon to follow. Disseminating the idea of creating a European banking legislation to hold in check the current situation.  Source: www.bbc.co.uk

   Qatar seeks $5bn investment in China's capital market Qatar it is applying for a licence under China's Qualified Foreign Institutional Investor to invest in its capital market. China seems to agree with the intention of investment coming from Qatar. This market orientation is not random, Beijing Imports Currently Almost one million tons of liquefied natural 5 gas annually.  Source: www.bbc.co.uk

 

Backlash Over Banks Banking market surprises Moody's Investors Service (MCO) downgraded Morgan Stanley (MS), Credit Suisse Group (CS), and 13 Other Banks registered credit rating surprising. The Defiant Were Banks themselves. Citigroup, Which took a cut from Moody's to Lowest ratings since it WAS ITS Formed 14 years ago, said in a statement: "Moody's approach is backward-looking and Fails to Recognize Citi's transformation over the past Several years. Source: www.businessweek.com

 Euro's big four agree growth plan

 Germany, France, Italy and Spain have prepared a budget of 130bn-euros (£ 104bn, $ 163bn) for the economic recovery in the euro area. Also discussed the possibility of eurobonds and also a number of strategies to be implemented.   Source: www.bbc.co.uk

 The Latest Domain-Name Gold Rush If ever there were areas like Internet ..... com, now wants an expansion of areas. This can lead to. Hotel. The Expansion That Could mean the owner of a smoothie shop in Miami or who Could not afford Obtain the domain name "smoothieshop.miami" for less. This initiative comes from ICANN.  Source: www.businessweek.com

 Response to Greece's Election

 Greece got a little period of calm. Unfortunately, the same thing not happened with The rest of Europe. Spanish and Italian bonds and European stocks slumped on June 18 when the Greek pro-bailout Voters Gave Enough Political parties support to form the Parliamentary Majority.  Source: www.businessweek.com

 Facebook technology chief Bret Taylor to step down

 Bret Taylor leaves Facebook Nasdaq stock exchange brought revenues for shareholders Facebook. Although they announced a lawsuit filed by shareholders due to the fact that revenues were not properly divided. In addition, Bret Taylor leaves Facebook's chief technology position.  Source: www.bbc.co.uk

 Retailer Carrefour to sell stake in Greek joint venture

 Economic situation in Greece has led French ritail chain to consider a withdrawal of Carrefour stores in this country. This decision comes as a concern regarding the possibility of out of Greece in the Euro. Carrefour is selling to partner Marinopoulos and will take about 220m euros (£ 179m, $ 278m) on the hill. Source: www.bbc.co.uk

There are major problems for Global Bond announced

Hard times are announced for government securities in the U.S., Germany, United Kingdom, the Netherlands, and Australia have declined. Government securities managed by Group of Seven nations (Canada, France, Germany, Italy, Japan, the United Kingdom, and the U.S.) HAS fallen to 1.23 Percent as of June 12, from 3 Percent in 2007. As economic problems in the euro market and unexpected Unemployment rate in U.S. led to a new economic settlement.  Source: www.businessweek.com

Saab sold to Chinese-Swedish investment group

Manufacturer Saab, which is bankrupt, was sold to a group of Chinese-Swedish investors. Saab's new guidance be made ​​to make electric car. Source: www.bbc.co.uk

 Felda to Raise $3.3B

 Global Ventures Holdings Bhd Feld. comes with the highest bid after Facebook Inc.. Feld Global is the third palm oil operator based in Kuala Lumpur. Share price varies between 4 ringgit to 4.65 ringgit and it seems that they are high demand. Source: www.businessweek.com    

 Why So Few Homes Are on the Market

  Estate market is locked out due to lack of properties for sale. Owners can not sell their homes due to infavorabile value between market prices and existing mortgage. Source: www.businessweek.com    

 Diesel Engine Exhaust Causes Lung Cancer

  International Agency for Research on Cancer issued a statement saying that the gas from diesel engines cause lung cancer. Source:www.businessweek.com Market pulse Increase in house prices