European Union car sales slump 7.1 pct in November
Registrations of new passenger cars in Europe decreased by 7.1% amounting to 1,069,268 units, the European Automobile Manufacturers Association said Wednesday.
Eurozone unemployment remains stable as UK rates soar
Employment rates remained mostly stable in the euro area during the third quarter, dropping only by 0.2 percent, while unemployment rate in the U.K. touched its highest since the beginning of the year.
What exactly is an emerging market anyway?
Some of the so-called emerging markets have advanced to a point where they might be considered “developed” -- or not, depending on one’s views and criteria. Further complicating this picture is the arrival of “frontier” markets – countries even less developed than the emerging markets, but boasting even greater long-term growth potential.
Silver & Gold Investment Uncrowded as J.P.Morgan's Silver Short Cut Materially
The FT reported that market-making brokerage and bank J.P.Morgan has materially reduced its bets on lower silver prices, citing a person familiar with the matter.
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Sat Phones: Why Can't The Business Work?
Satellite phones aren't as clunky as they once were, and technology has made them more powerful. Yet so far few have made the business work
PRECIOUS ROUNDUP - Off highs on Chinese policy action; gold falls least
Precious metals fell across the board in the week to December 10 as a cooling China weighed on demand hopes but the yellow metal remained better alternative in the group amid lingering worries over the euro-zone debt and dollar's ability to play safe-haven.
Ireland may seek to sell troubled banks to Middle East investors
An Irish delegation led by former prime minister John Bruton has travelled to the Middle East, gauging the interest of Arab investors, including sovereign wealth funds, in buying some troubled Irish banks, as the Dublin government seeks foreign investors for financial investment.
EU sets curbs on bankers’ bonuses; Irish seek super-tax on bank pay
European bankers will be subject to limits on bonus payments they receive starting next year. Meanwhile, in Ireland, politicians are seeking to impose a 90 percent “super-tax” on bank bonuses
India, EU announce breakthrough in FTA talks
India and the European Union announced a breakthrough in their free trade talks on Friday. European Commission President Jose Manuel Barroso said the free trade agreement (FTA) could be signed in 2011, after a meeting with Indian Prime Minister Manmohan Singh at the 11th EU-India summit in Brussels.
China backs Russia’s accession to WTO
China on Thursday expressed its support for Russia’s bid to become a member of the World Trade Organization (WTO).
Beware! Cancer lurking as you handle dollar bills soiled with toxic BPA
Fifty percent of cash register receipts and most dollar bills tested in a new study are coated with large quantities of toxic chemical Bisphenol A, or BPA, says a study.
Despite its unruly northern neighbor, South Korea is an attractive place to invest
In a conference on Wednesday in mid-town Manhattan, The Korea Trade-Investment Promotion Agency (KOTRA) presented reasons why South Korea makes for an attractive investment candidate for foreigners.
Opinion: Europe's Latest Civil War Has Begun
A war is now raging in Europe. On one side are the forces of the corporate state led by Germany and France; on the other are the forces of free-market capitalism led by Britain.
Chinese products attract most anti-dumping measures worldwide: WTO
China was the subject of most number of anti-dumping investigations in the first half of the year, and products exported from China attracted the highest number of anti-dumping measures by other countries, the World Trade Organization (WTO) has said in a report.
Ireland presents austerity budget to meet terms of EU/IMF bailout
The Irish government has presented what is likely the toughest austerity budget in its history, comprising spending cuts of 6-billion euros ($8-billion) and an increase in taxes, in addition to other measures already outlines last month in the so-called “National Recovery Plan.”
EU to conduct new stress tests for banks in 2011
Olli Rehn said the European Union will conduct a second round of stress test for banks in February 2011.
Euro collapse a “possibility”: UK economist
The euro currency might not survive the current sovereign debt crisis and may be in danger of collapse, according to Stephen Nickell, an economist at the independent Office of Budget Responsibility (OBR) member and former Bank of England member.
Growth of emerging East Asian economies to slow next year
Emerging East Asian economies will grow more than forecast this year but growth will slow in the region next year, the Asian Development Bank (ADB) said on Tuesday.
US employers see modest hiring pace in Q1 2011: Manpower survey
The United States is expected to see weak employment prospects though employers expect the modest hiring pace to continue in the first three months of the year, a survey reported.
Dutch Treat: Holland's labor market reforms create exceptionally low unemployment
While Europe (and much of the developed world) continues to reel from high unemployment in the wake of the global economic recession, at least one small, peaceful corner of the continent continues to enjoy very low jobless rates.
IMF urges EU to increase rescue fund
The International Monetary Fund (IMF) is urging the European Union (EU) to expand the size of its rescue fund in the wake of weakening market performance in the euro zone’s peripheral members.
'Euro can be saved if PIGS bow out'
The crisis-hit peripheral countries have more of a 'solvency problem' than a liquidity problem and their public finances cannot be brought to order without leading to a deep and prolonged recession, as long as they are part of the eurozone, analysts have said.
Russia mulls scrapping visas for fans for 2018 World Cup
Football fans needs not worry about securing visas ahead of the 2018 World Cup in Russia as Moscow is planning to scrap the requirement all together for match ticket-holders as well as footballers from the European Union.
Oracle steps on open-source community's toes; lays claim to Hudson trademark
After irking the FOSS community by attempting to muscle control over open-source projects like Java, MySQL, OpenOffice and Solaris, Oracle is back again and is eyeing Hudson project, much to the dismay of open-sources.
Wikileaks strikes first blow, German Vice-chancellor sacks manager for 'spying'
Whistle-blower website Wikileaks struck its first blow, as German vice-chancellor Guido Westerwelle sacked his office manager on charges of spying for the United States. Helmut Metzner has reportedly admitted to have given regular information to the US embassy in Berlin.
Eurozone Oct. retail sales rise unexpectedly
Eurozone retail sales rose unexpectedly in October for the first time in three months, showing an improvement in household demand.
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