about 2 weeks ago - No comments
Good day my forex friends! Back in July 8, I asked if the euro’s rise against the greenback would be short lived since it was, at that time, approaching a significant resistance at the EURUSD‘s long term downtrend line (kindly see my previous entry here). Apparently, its breakout from an inverted head and shoulders has [...]
about 3 weeks ago - No comments
A couple of quotes from the WSJ: Lagarde: Banks Will Pass Stress Tests “There is no choice between austerity and stimulus,” [Finance Minister Christine Lagarde] said at an economic conference in Aix-en-Provence. “Our policy is a subtle mix between growth-friendly spending cuts and letting play out the remainder of our stimulus package,” she said.…“We are [...]
about 1 month ago - 1 comment
Most European countries are wishing they never hitched wagons with deflationary export powerhouse Germany. Behind the scenes, it turns out even one half of Germany hates Germany. That would be East Germany, which adopted the deutsche mark 20 years ago today, causing inflation and decimating its less-developed industries. Spiegel: [T]he move had a devastating effect [...]
about 1 month ago - 1 comment
Russian Finance Minister: Oil prices will fall to $60 in three years. Join the conversation about this story » Go to Source
about 1 month ago - No comments
Angela Charlton of the Boston Globe reports, French prime minister urges big cost-cutting: France’s Prime Minister Francois Fillon on Friday rebuffed unions angry over plans to raise the retirement age by two years, urging the French to show “courage” and make an unprecedented effort to cut the enormous national debt. The government said Friday it’s [...]
about 1 month ago - 2 comments
Japan’s new finance minister Yoshihiko Noda has kept his foreign-exchange policy pretty vague since he took office, but his decision to retain former Ministry of Finance currency bureaucrat Toyoo Gyohten as a special adviser may be an indication that Mr. Noda is unlikely to intervene unless in extreme circumstances. Go to Source
about 1 month ago - No comments
With the big news these days about our national Finance Minister pushing for Canada Pension Plan reform, it got me thinking about the consequences of the idea. The proposed legislation is to increase Canada Pension Plan (CPP) benefits, thus increase the associated contributions. However, full details have not yet been released. CPP Background Information For [...]
about 1 month ago - No comments
Stress tests are the new black in Europe. Spain will release data for its banks. Yesterday Germany agreed to do the same. Who’s not going to be releasing stress test data? Austria. Here’s a rough translated graph from a report today in Derstandard: Austria’s Finance Minister Josef Pröll (ÖVP), however, the release of stress tests [...]
about 1 month ago - 2 comments
By Tara Patel June 10 (Bloomberg) — A group of women wearing fake beards stormed the podium at Veolia Environnement SA’s shareholders’ meeting in Paris last month, challenging Chairman Henri Proglio over the gender makeup of his overwhelmingly masculine board. “Is it really wise to allow women to define the strategy of a company, a [...]
about 1 month ago - 2 comments
By Mark Deen June 5 (Bloomberg) — Group of 20 finance chiefs will warn today that further repair of banks remains critical to the global economic recovery, according to an official from one of these nations, as they seek to agree on rules for lenders to build up capital and reduce risk-taking. The G-20 will [...]
about 3 months ago
Generally,the family budgets depends on the living standards n location
of place of living….etc.,