Last business news
June 30, 2011
Greece fended off a bankruptcy that would have roiled global markets and threatened the future of the euro when lawmakers on Wednesday backed controversial austerity measures in the face of violent protests. More than 100 people were injured.
Investors cheered the bill _ which aims to cut spending and raise taxes by euro28 billion ($40 billion) […]
June 29, 2011
Hours of rioting outside Greece’s parliament left 46 people injured Tuesday, on the eve of a vote by lawmakers to adopt more painful austerity measures _ a condition for bailout funds needed to prevent a potentially disastrous default.
At least 14 people were arrested, authorities said, as youths clashed with riot police on-and-off for more than […]
June 27, 2011
China’s bullet train builders have conducted a test run of their showcase Beijing-to-Shanghai line amid controversy over the system’s high cost.
A train carrying railway ministry officials, managers of the companies that built the line and hundreds of reporters left Beijing on Monday morning for a five-hour trip. That is about half as long as conventional […]
June 25, 2011
Investment guru Stephen Jarislowsky is backing Maple Group
June 23, 2011
U.S. stock futures are pointing to a lower opening ahead of the Federal Reserve’s decision on interest rates.
Economists expect the central bank to keep rates at their record low and are waiting to hear Chairman Ben Bernanke’s view on the economy Wednesday afternoon. Reports since the spring have shown the economy is weakening.
In Greece, the […]
June 20, 2011
Investors have to wonder over the course of this year of economic and political surprises whether the stock market will finish with a roar or with a whimper.
Because anything seems feasible, the predictions of experts run the gamut. The only consensus is that this is not a good time to pay too much for anything.
“If […]
A European Union trade official says the EU wants its ambitious free trade agreement with South Korea to serve as the model for other deals it is pursuing in Asia.
Ignacio Garcia Bercero said Monday that the pact with South Korea will eliminate 98.7 percent of duties on bilateral trade within five years.
Garcia Bercero said, “The […]
June 19, 2011
Hopes for a solution to Greece’s debt problems are helping stocks eke out their first week of gains since April.
Germany softened its stance on conditions for giving Greece more loans on Friday. Traders are hoping that the move will prevent Greece from defaulting on its loans and triggering another financial crisis.
The Dow Jones industrial average […]
June 17, 2011
QUOTE OF THE WEEK
“Never in the 37-year history of our company have we ever seen anything at all like this. … One thing you’ve got to understand is that we do not hire workers for the sake of hiring workers. We hire them to do jobs. If we don’t have the work coming in, nothing […]