Archive for October, 2012

The German bloc will have to take its bitter medicine in Greece

| October 31, 2012 | 0 Comments

Every detail of the Greek economy is worse than officially forecast just weeks ago. The budget unveiled this morning estimates that public debt will reach 189pc of GDP next year (not 179pc). The budget deficit will be 5.2pc (not 4.2pc). The economy will shrink 4.5pc next year (not 3.8pc). Unemployment is already 25.1pc and 55.6pc […]

Filed Under: Latest Finance News

Is the RBI-Finance Ministry standoff hurting economy?

| October 31, 2012 | 0 Comments

As the standoff between finance ministry and the reserve bank comes out in the open, with Finance minister P Chidambaram expressing his disappointment with RBI’s decision to keep key rates unchanged, experts S Sandilya, chairman of Eicher Motors Ltd and president of SIAM, Meera Sanyal, country executive — India at the Royal Bank of Scotland […]

Filed Under: Finance Videos

FTSE LIVE: U.S. stocks open higher after two-day shutdown; Barclays and BG down

| October 31, 2012 | 0 Comments

By This Is Money Reporters PUBLISHED: 03:43 EST, 31 October 2012 | UPDATED: 12:33 EST, 31 October 2012 17.25 (CLOSE): The FTSE 100 Index sank more than 1 per cent into the red today as blue chip banking giant Barclays spooked investors with news of two fresh investigations that threaten to further damage its reputation. […]

Filed Under: finance news

BG shares tumble as UK oil and gas group warns growth is over

| October 31, 2012 | 0 Comments

By This Is Money Reporter PUBLISHED: 06:23 EST, 31 October 2012 | UPDATED: 11:31 EST, 31 October 2012 BG shares fell 14 per cent today after the British oil and gas group announced it did not expect to grow production next year. The firm, posting its third quarter results, blamed delays to projects in the […]

Filed Under: finance news

NOIRE FINANCE – La grande pompe à phynances

| October 31, 2012 | 0 Comments

Pourquoi faut-il renflouer les banques quand les entreprises ferment, quand l’euro est attaqué, et quand l’État croule sous les dettes ? En déroulant le fil de cette question, «Noire Finance» retrace le processus qui a abouti à la financiarisation de l’économie mondiale sur fond de déréglementation. L’exemple du krach boursier de 1929 illustre le développement […]

Filed Under: Finance Videos

Apparently, we are all Keynesians now – not

| October 31, 2012 | 0 Comments

According to Paul Krugman, those of us who think it is right for governments to act on burgeoning deficits are hypocrites because we also worry that America’s fiscal cliff will, if enacted, push the US back into recession. The only reason for worrying about the cliff, he insists, is if you accept the Keynesian principle […]

Filed Under: Latest Finance News

Riyadh to host Islamic Finance News forum

| October 31, 2012 | 0 Comments

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Filed Under: Credit Card News

British politicians are failing to display any vision at all in their discussions of a Trident replacement

| October 31, 2012 | 0 Comments

Trident draws the British political parties from their shells like no other issue. The constantly-at-sea nuclear deterrent will cost approximately £80bn to replace, but its real significance is deeper. It requires us to set out a vision of our direction as a nation, something no political actors have yet done. This is most obvious in […]

Filed Under: Latest Finance News

La City, la finance en eaux troubles

| October 30, 2012 | 0 Comments

Video Rating: 5 / 5

Filed Under: Finance Videos

Retail revival adds to optimism on UK economic recovery as High Street sales pick up

| October 30, 2012 | 0 Comments

PUBLISHED: 11:37 EST, 30 October 2012 | UPDATED: 11:47 EST, 30 October 2012 More evidence that UK economy has turned a corner emerged today with figures showing that activity on the High Street is picking up. A CBI survey revealed 47 per cent of retailers saw sales in the first half of October rise compared […]

Filed Under: finance news
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