Archive for 'Finance'
In I half-year net profit of HSBC has decreased on 29 %
8 August 2008In the first half-year of 2008 net profit of British HSBC Holdings Plc., the largest in the Europe on capitalization bank, has decreased on 29 % - up to 7,72 billion dollars in comparison with 10,9 billion dollars. It is informed in published, on August, 4th, report of the company.
For the first half of current […]
Hugo Chavez reforms bank system of Venezuela
4 August 2008The president of Venezuela Hugo Chavez has signed a package of laws on reform of bank system of the country. The package consists of 26 laws, inuring the special order of the president of Venezuela. Such information has been represented in release of the official publication of the government of Venezuela Official Gazette. Details of […]
Rains will help the East Europe to overcome inflation
19 June 2008Rainy weather has appeared on a hand to the Central Banks of some the countries of the East Europe as it has favorably affected the agricultural crops, which are grown up in these countries.
Good harvests should help to the Central Bank to cope with inflation, which is on record-breaking high marks practically in all developed […]
Citigroup can sell bank division in Germany
18 May 2008The largest bank in USA Citigroup Inc. considers an opportunity of sale one of its divisions on rendering retail bank services in Germany Citibank Privatkunden AG and Co. KgaA.
Nevertheless, no decision on the further destiny of division has been accepted yet.
The sources close to Citigroup, prove, that the Deutsche Bank is considered by management Citigroup […]
IMF: in 2008 world gross national product will reach a 6-years minimum
5 April 2008On the eve, on April, 3rd, International monetary fund (IMF) has already for the second time in this year lowered the forecast of growth of economic in 2008, that having recognized, that housing and credit problems in the USA became the reason of huge problems.
So, according to IMF’s forecasts, this year rates of economic growth […]
In January-February 2008 GNP growth in Russia has made 7,8 %
28 March 2008In January-February 2008 a gain of gross national product concerning January-February 2007 has made 7,8 % (in February 2008г. - 8,2 %). Such data has been represented in monitoring a macroeconomic situation in the Russian Federation for two months of 2008.
As it is marked in materials of the Ministry of economic development and trade of […]
European companies demand to stop growth of euro
14 March 2008The lobby of the largest European companies has called to carry on the international negotiations, devoted to the stabilization of the currency markets as Eurozone’s national currency not in the best image affects profit of exporters.
The Chapter of European business organization BusinessEurope considers, that it is impossible to suppose passivity. Eurogroup should make the political […]
Europe has brought down dollar: the epoch of US currency has come to the end
7 March 2008The US dollar continues prompt falling in relation to other currencies. At world stock exchanges the parity of euro/dollar has reached a new maximum - 1:1,5380. American monetary unit did not fall so low yet. Similar situation is observed at the tenders in Russia, where the dollar has failed up to the level of 9-years […]
US economy can avoid recession
23 February 2008The Economic Cycle Research Institute (ECRI) experts consider that the economy of the United States can still avoid recession.
The weekly index of the future economic growth (Weekly Leading Index, WLI), data about which has been published by institute, has decreased, and rates of its decrease in annual calculation have reached levels, characteristic for the periods […]
South Korea invests $21,5 billion in foreign power projects
17 December 2007National pension service of South Korea, which is supervising almost 200 billion dollars, plans to invest $21,5 billion in foreign power projects within the next ten years.
As the pension service has informed today, the responsibility for the investment program will be distributed between three state power companies - Korea National Oil Corp., Korea Gas Corp. […]
