The Eurozone Area Reaches Deal to Help Debt-Burdened Greece, Agreeing to a Safety Net of EUR 22B That Only Becomes Available if the Country Can No Longer Access Funds from Financial Markets General Motors Co Expects to Make Another Payment of USD 1.2B to the US Treasury by the End of March, Aiming to Fully [...]
Despite reporting a smaller-than-expected second quarter economic contraction, the woes continue for the 16 countries that form the Euro Zone. The region’s unemployment rate rose to a seasonally adjusted rate of 9.5% (15.1 million people) in July. This is the worst monthly percentage figure the Euro Zone has seen in about 10 years. Additionally, the [...]
International Monetary Fund Head Says Worst of Global Economic Recession Not Over Eurozone Employment Books Record Decline, Number of Employed Falls 0.8% in First Quarter US Equity Fund, Kohlberg Kravis Roberts, Confirmed USD 150mm Investment in China-Based Ma Anshan Modern Farming Dutch Media Company, Endemol in Discussions to Take Over Sports Broadcaster Setanta Boeing Expects [...]
The Irish Republic (Ireland) received another round of bad news as Standard & Poor’s Ratings Service (S&P) lowered its sovereign debt rating for the second time this year. S&P cut the rating on Ireland’s government debt by one level to AA from AA+. Just three months ago, the former ‘Celtic Tiger’ had its top-notch AAA [...]
Italy’s Fiat SpA Abandons Talks Regarding the Future of Opel in Berlin, Says German Gov’t “Unreasonable” Japan’s Factory Output Increased 5.2% in April, Biggest Monthly Gain in Over 50 Years, Manufacturers Expect Further Gains Ahead Eurozone Inflation Rate at Record LO of 0.0% in May Inducing Concern that Deflation is Imminent India’s Economic Growth Slowed [...]
Eurozone Economies Shrink 2.5% in First Quarter, Most Since 1995 General Motors Corp Close to Agreement with United Anto Workers Union (UAW) to Cut Labor Costs by Over USD 1B per Year Panasonic Corp Forecasts Larger-Than-Expected Annual Loss Following First-Quarter Net Loss of JPY 444.3B vs Net Profit of JPY 61.6B yoy Temasek Holdings Pte [...]
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