You are currently browsing the Business & Financial News weblog archives for September, 2007.

Netherlands have approved purchase of ABN AMRO for 71 billion euro

Consortium led by British bank Royal Bank of Scotland (RBS) has met with approval of the Ministry of Finance of the Netherlands on purchase of Netherlands bank ABN AMRO N.V.
On August, 14th, 2007, the Netherlands Ministry of Finance has approved the application for purchase of ABN AMRO, acted from other applicant - British bank Barclays.
On […]

Federal Reserve System has scarified Bush’s financial policy

US Federal Reserve chairman Alan Greenspan has condemned a policy of the US President Georges Bush in the field of a finance administration.
In his new book Alan Greenspen criticizes Bush for unsatisfactory conducting of financial affairs that has led to increase in budgetary deficiency of the country. Greenspen says that his greatest disappointment the unwillingness […]

Russia expects for glass boom

Glass market has been actively developing in Russia. The building branch - is the basic glass consumer and it takes almost 70 % of the let out product. The gain of demand also provides automobile glass, in connection with expansion of assembly manufacture.
Market participants mark that technologies, which were brought by world leaders of the […]

China has made the complaint in WTO about the USA

China has made the complaint to the United States in the World Trading Organization (WTO) in occasion of introduction of antidumping duties on the paper, imported from China.
Chinese representatives in the World trading organization have explained the decision to that “Peking opposes unfair policy of the USA on introduction of additional duties on the Chinese […]

The price for oil has reached new absolute record

As it has become known, on results of the tenders on September, 12th, 2007, at the New York Mercantile Exchange the price of oil future Light Sweet has made 79,91 doll./barr., that is a new historical maximum. Light Sweet has added in the price on 1,68 dollars in comparison with the price of 78,23 doll./barr., […]

Italy risks “freeze in darkness” in the winter

Italy risks “freeze in darkness” owing to mass switching-off of the electric power in the forthcoming winter. As agency Reuters informs, such unfavorable forecast has been made by the chapter of the largest Italian power company Enel.
As it has been said, Italy is threatened with greater shortage of the electric power if the country (which […]

European bank market has overcome a threshold in 1 billion euro

The currency of all banks in Central and the East Europe has grown on 28 % and has made more than 1 billion euro. Serbia shows the promptest growth (51 %). The tendency of long-term growth is being kept. In analysts’ opinion, by the end of 2011 the main parameters of the market will be […]

Merge of GDF and Suez will raise prices for the power companies

The third on size player has come to the EU power market: French Gaz de France (GDF) and Suez have finally agreed on merge. In experts’ opinion, merge of these companies will lead to the fact that in the future the similar sort of the transaction will manage to the companies much more expensively because […]

In the II quarter 2007 gross national product in the EU countries has grown on 0,3 %

On final data, the internal total product of 13 countries entering into a zone of the European Union (EU), in II quarter 2007 has grown on 0,3 % in comparison with I quarter 2007. Thus, the forecast published on August, 14th, 2007, has been completely proved.
In annual report the gross national product of the Eurozone […]