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Archive for the 'World Economy' category
The French government has signalled that it is dropping a plan for a tax on domestic carbon dioxide emissions.
Jean-Francois Cope, parliamentary leader of the governing UMP party, was quoted as saying the tax “would be Europe-wide or not (exist) at all”.
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Categories: Market News, US Markets, World Economy
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Chinese Premier Wen Jiabao has rejected criticism that China is keeping its currency undervalued in order to boost exports.
He said keeping the yuan stable was “an important contribution” to global recovery from the economic downturn. He was speaking at the end of China’s annual parliamentary session.
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Categories: Forex, US Markets, World Economy
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The yen weakened for a second day against the dollar and fell against the euro on speculation the Bank of Japan will step up credit easing measures to stave off deflation.
Japan’s currency declined against all of its 16 most-active counterparts after costs to borrow in the currency fell in London
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Categories: Money, World Economy
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February 16, 2010 12:33 am
The Dubai-owned airline Emirates has announced a 60m-euro (£52m, $82m) sponsorship deal with AC Milan.
The four-year deal, due to begin in July, will see Emirates become Serie A team AC Milan’s shirt sponsor in place of the Austrian betting
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Categories: Money, US Markets, World Economy
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China has ordered banks to increase their reserves for a second time this year, as lending is curbed in a bid to stop the country’s economy overheating.
Analysts had expected the central bank to increase reserve levels again, but were surprised it ordered a second increase so soon after
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Japan’s economy grew by a better-than-expected 1.1% in the final quarter of last year, according to official figures.
This is the equivalent of an annualized increase of 4.6%. However, despite the growth in October to December, the economy contracted
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Categories: US Markets, World Economy
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Ford has posted an annual profit for the first time in four years. The carmaker made $2.7bn (£1.7bn) in 2009, compared with a loss of almost $15bn in 2008, and said it expects to be profitable this year as well.
For the final three months of last year, the company made $868m, a
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Unemployment in the 16 countries that use the euro hit 10% in December for the first time since the single currency was introduced in 1999.
It had been reported that the rate hit 10% in November, but this has subsequently been revised down to 9.9%. Some 15.8 million people are
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Categories: US Markets, World Economy
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January 17, 2010 10:08 pm
Greece will submit plans to cut its huge budget deficit to the European Commission later on Friday. The three-year plan, approved by the Greek parliament on Thursday, aims to cut the deficit to 2.8% of GDP by 2012.
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Australian Competition and Consumer Commission (ACCC) has started legal proceedings against a north Queensland carbon credit business.
The ACCC alleges Prime Carbon made false or misleading representations including that carbon credits listed on the National Environment Registry were supervised by the Australian Government.
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Categories: Market News, US Markets, World Economy
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