November 26, 2011
Picture shows Milan’s stock exchange with a sculpture by Italian artist Maurizio Cattelan in front. The European Commission warned Italy’s high borrowing costs could hit growth after bond yields surged to new records and France and Germany warned a blow-out on Italian debt could kill the euro. “If the bond yields continue to be this [...]
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October 12, 2011
Fresh from a crisis meeting with France on the euro, German Chancellor Angela Merkel was due to embark Monday on a visit to Vietnam and Mongolia hoping to push deals on trade and precious raw materials. Ahead of the four-day visit, Merkel, who will be accompanied by top business leaders eyeing up investment opportunities, [...]
Tags: Berlin, deals, German, Merkel, Merkel Was Due, Mongolia, Raw materials, Said Merkel, The Euro, trade, Vietnam
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October 3, 2011
The DAX Index board is pictured at Frankfurt’s stock exchange August 5, 2011. Greece’s admission that it will miss its deficit targets this year and next despite harsh new austerity measures sent stock markets reeling on Monday and raised new doubts over a planned second international bailout. The gloomy news from Athens brought the specter [...]
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September 22, 2011
Greece adopted yet more austerity measures on Wednesday to secure a bailout installment crucial to avoid running out of money next month, as the IMF warned that Europe’s sovereign debt crisis risks tearing a giant hole in banks’ capital. The Greek cabinet agreed to cut high pensions by 20 percent, put 30,000 civil servants [...]
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July 29, 2011
A Spanish flag flutters over the Bank of Spain in Madrid March 10, 2011. Rating agency Moody’s put Spain on review for a possible downgrade on Friday, adding to concerns that a Greek rescue package has done little to halt the spread of Europe’s debt crisis. Moody’s move to place the Aa2 government bond rating [...]
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May 16, 2011
IMF head Dominique Strauss-Kahn (C) leaves a police station in New York in handcuffs on May 15. IMF chief Dominique Strauss-Kahn was due to appear before a judge Monday as he fought charges of attempting to rape a hotel chambermaid, a scandal likely to end his dream of becoming France’s president. The veteran French politician, [...]
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January 4, 2010
International donors have committed a record figure of official assistance development (ODA) for Vietnam in 2010 – US$8 billion. PM Nguyen Tan Dung and the two co-chair people of the Consultative Group Meeting 2009, the Minister of Planning and Investment Vo Hong Phuc and the WB’s Director in Vietnam Victoria Kwakwa. Development aid increases Japan and UK [...]
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December 31, 2009
The dollar rose slightly against major currencies on Tuesday amid a couple of positive U.S. economic reports. The 10-city and 20-city composite indexes both rose 0.4 percent in October, according to the S&P/Case-Shiller home price report. Seasonally adjusted prices increased for the fifth straight month in October. Prices are up about 3.5 percent from their [...]
Tags: Canadian Dollars, dollar, dollars, Have Risen, index, Japanese Yen, percent, points, prices, Prices Have Risen, Since Hitting, Swiss Francs, The Dollar, The Euro
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December 10, 2009
The domestic gold price lost about 400,000 VNMD per tael on Dec. 9, driven by the 1.8 percent decline on the global gold price. Sai Gon Jewellery (SJC)’s branch in Hanoi listed buy/sell prices at 27.60 VND and 27.76 million VND per tael, while SJC in HCM City said it was 27.60 and 27.70 million [...]
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November 14, 2009
The dollar ended the week lower against major currencies as a growth of the euro zone economy boosted investors’ risk appetite, which lacked support in previous sessions. Gross Domestic Product (GDP) increased by 0.4 percent in the euro zone, and by 0.2 in the 27-nation European Union (EU) during the third quarter of 2009, according [...]
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