The Central bank of Europe was founded in 1999. The Council of the Central bank of Europe is the one who decides the changes in the monetary policy. This advice this compound of 6 members of the executive meeting of the Bank, besides 12 representatives of you soothe of the Central bank of the 12 [...]
Archive for March, 2009
The EU Hypothecating Interest rates in its low level but
The types of interest that are applied to the mortgages to 30 years inthe United States fell by tenth consecutive week, and they are placed already in an average of the 5,01%, the lowest level in at least 38 years.
The hypothecating company/signature Freddie Mac informed through an official notice into which only one week ago [...]
Wal-Mart Sacude European Actions.
LONDON. – The European actions lowered to Thursday pressed by the titles of banks and miners, because a wave of weak economic data elevated the fears to a deep world-wide recession and Wal-Mart retailer disappointed with his report of sales.
The index of the main European papers FTSEurofirst 300 fell 0,8%, to 870,92 points, after to [...]
Continuous Mexican peso Under Pressure.
- Auction of dollars of Bank of Mexico Fails.
- The currency accumulates a fall of 11,38% during three months.
- The type of change closed in 13.6450 units by currency.
15,4 thousands go mdd in support to the weight to a trimester of the accomplishment of the auction of dollars to cushion volatileness in the type of [...]
Noticas Economic Dollar – After the rise of stock-market, the dollar suffers volatileness
Yesterday, the dollar, developed a very volatile session, since the American stock market took significant gains. Dow Jones gained 240 points, or 3.5%. Partly had to that General Electric declared that if lost its qualification like AAA, the company, would not be harmed in minimum, in addition, General Motors affirmed that month will not need [...]
The Economic news Euro – the Euro takes terrain against main currencies
Yesterday, the Euro, registered significant gains against the majority of currencies. The European Stock market registered gains similar to the sight in Wall s$street. Also, Jean Claude Trichet, impelled the confidence, since he affirmed that he will do against the crisis as he must.
Trichet affirmed that rate glides to reduce overnight lending to 0,5%. In [...]
To save or not to save? That is the question – Weekly Summary Forex
Again the markets in the world fell and hard, closing not only the week but also the month of February in red. Dow Jones already accumulates six months of losses, in the last month fell almost 12% and 4.1% in the week. The rest of the markets was in line with the happened thing in [...]
EUR/USD abre with “gap” – Weekly Report Euro Dollar
AIG receives other 30 trillions of dollars, whereas the government of the United States has participation in Citigroup, etc. the News since these let know to the investors that the world-wide economy still presents/displays much risk, the weak stage has not happened and apparently it will take some time before seeing the prices bounce. All [...]
Norway grants loan to Iceland
Copenhagen, 3 nov (EFECOM). – The Norwegian Government informed today into the concession of an extraordinary credit to 4-5 years of 500 million Euros (625 million dollars) to the Icelandic authorities to do against the financial crisis that crosses east Nordic country.
The credit granted by the Norges Bank (National Bank) to its homologous Sedlabanki Icelander [...]
GM assures that it will need to increase his loan to 30 millardos of dollars
The first manufacturer of automobiles of the United States, General Motors, announced that she will need to increase his loan up to 30 millardos dollars with the purpose of to avoid the bankruptcy: 16,6 millardos more of those than had anticipated initially, informed the digital edition into The New York Times.
The company, presided over by [...]
