Posts Tagged ‘spain’

Italy’s fate looks brighter than Spain’s

Capital markets editor Ralph Atkins discusses with Unicredit chief economist Erik Nielsen the diverging bond yield levels for Spain and Italy, and says the risk of a bailout for Spain is higher. Related Article: http://www.ft.com/cms/s/0/246ba2da-1086-11e2-a5f7-00144feabdc0.html

Read more...

Protesting Spain Faces Tough Choices

Are deep recession and protests pushing Spain into constitutional crisis? Are the markets wrong to predict Madrid will opt for a bailout? Could Spain break up?

Read more...

Earnings Preview: Boeing’s Commercial Airplanes Soar, Military and Pension Spending Drags

The Boeing Co. ( NYSE :BA), the largest U.S. aerospace manufacturer, is expected to post higher revenue in the second quarter but lower earnings per share as cuts in military spending and pension expenses dampen profit from commercial airplanes

Read more...

US Q2 GDP, Durable Goods, Pending Home Sales: Economic Events For July 23-27

In a fairly light week of data, Friday's first take on the U.S. second-quarter gross domestic product will be the main event. Economists expect a feeble reading of 1.4 percent.

Read more...

Irish Officials Charge Ex-Anglo Irish Executives Pat Whelan and Willie McAteer

Anglo Irish's former head of lending and a member of the bank's board from 2006 to 2009 Patrick Whelan has joined former finance director Willie McAteer for being charged with alleged financial irregularities at the bank. McAteer, the second most senior executive at the bank before his resignation in January 2009 was arrested and was in court for 16 charges, under Section 60 of the Companies Act

Read more...

Four Years Later, AIG Loans Repaid, But The Tab’s Not Quite Closed

Four years after the financial crisis began gathering steam, the government has collected another piece of the remaining billions in bailout money that it's owed.

Read more...

Nokia To Cut 10,000 Jobs Worldwide

Finland-based cell phone manufacturer Nokia Thursday announced that it plans to cut 10,000 jobs globally as part of its revamping measures. The company announced that it would shut down production and research sites in Finland, Germany and Canada. In addition, it announced changes in its leadership team with executive vice-president and chief marketing officer Jerri DeVard, executive vice-president of mobile phones Mary McDowell and executive vice-president of markets Niklas Savander leaving the company.

Read more...

Euro Crisis Deepens with Moody’s Spain Downgrade to Baa3

Credit rating agency Moody's Investor Service downgraded Spain's government bond rating three notches down to Baa3 from A3 on Wednesday. Moody's attributed the downgrade to the further rise in the country's debt due to the recently approved EU aid for Spanish banks

Read more...

Wal-Mart Lists India, China Among The Most Corrupt Nations

Wal-Mart lawyers have identified India , China , South Africa , Brazil and Mexico as the most corrupt countries, according to a letter from two congressmen investigating the bribery charges leveled against the company. The lawyers, retained to review Wal-Mart anti-corruption compliance globally, said these were the regions with the highest risk of corruption

Read more...

Indian Economy To Grow at 6.9% For 2012: World Bank

The India n economy is expected to grow at 6.9 percent in the current financial year as projected by the World Bank on Wednesday.

Read more...