Sep 2, 2009
Stock Markets still trying to find their balance.
Stock Markets ended on a slightly sour note today. We need to watch because in most cases drops like we saw today will lead to an increase. We see that in Hong Kong Hang Seng there was a drop of 374.43 that one is likely to raise tomorrow. Some of the below markets saw a partial ... Read More
Aug 31, 2009
POLAND’S GDP HIGHER THAN EXPECTED!
Some great news came in today. It would appear that the gross domestic product for Poland has already shown some improvement. 1.1 % increase in the second quarter. There was an expectation ... Read More
Aug 31, 2009
STOCKS ON THE RISE. Stock Markets the world over are beginning to climb out of their prospective slump. Here is a list of what the markets now look like. August 28 August 27difference New York Dow Jones9,539.51 9,580.63(-41.12) New York NASDAQ Comp.2,030.42 2,027.73(+ 2.69) TokyoNikkei10,534.1410,473.97(+60.17) Sydney All Ordinaries 4,495.90 4,458.10(+37.80) Hongkong Hang Seng 20,098.6220,242.75(- 144.13) London Fin.-Times 4,908.90 4,869.35(+39.55) ParisCAC-40 3,693.14 3,648.53(+44.61) Zurich SMI6,211.58 6,169.19(+42.39) FrankfurtDAX-Index5,517.35 5,470.33(+47.02) FrankfurtEuroStoxx 50 2,803.65 2,777.62(+26.03)
With the above looking the way it does, we can ... Read More
Aug 29, 2009
Categories: News
C&C expecting to expand.
Many employees feared job losses at Bulmers manufacturer C&C now feel safe due to company talks of an expansion. C&C is now talking about expanding into Finland and Sweden. They are looking at the United States and waiting for signs that show potential for growth. Mr. Dunsmore the Chief Executive officer revealed the 80pc of on trade outlets, included pubs and hotels have passed on only 7pc of 10pc decrease in the price of its pints. ... Read More
Aug 29, 2009
Wage Cuts Look To Be On The Horizon
Aer Lingus Chief warns that wage cuts may be coming. After word from Chairman Colm Barrington stated that wage cuts were most assuredly on the way strikes are feared. Those comments came after the airline revealed the €93m loss for the first half of the year. The restructuring plan is expected to be announced within 2 months, and it appears that jobs may be lost as part of the new plan.
As ... Read More
Aug 29, 2009
TIME TO OPEN OUR WALLETS.
It appears 19 roads have been designated across the country as motorways. This issue is though is that 6 have not been built yet.
The National Roads Authority(NRA) has run out of money to build new roads the public sector is being looked at for the funding of € 1bn. The roads are on the west and east coasts and this would include an upgrade of the Newlands Cross in Dublin that allows traffic ... Read More
Aug 28, 2009
LENIHAN TO DEAL WITH BAD BANK LOANS.
Finance Minister Brian Lenihan is looking at a major change to NAMA. This change will prevent banks from handing over their bad loads for cash from the government. Mr. Lenihan is also expected to release more information on the NAMA purchases next month. For right now he is looking at everything everyone including the Green Party had to say ... Read More
Aug 28, 2009
Foreign Banks Getting Run Out of Ireland!
The Irish Times has quoted Dutch Lender Rabobank as saying its no longer possible for foreign banks to trade in Ireland. This comes on the heals announcing it had set aside € 1 billion to cover losses on the € 4 billion loan book at the Irish subsidiary ACCBank. The Dutch Lender has ... Read More
Aug 28, 2009
Chi-X Europe Promotion To Begin.
Chi-X Europe an equity multilateral trading company announced it is having an autumn pricing promotion. For all participants that double their total Chi-X Europe trading activity (by value trading) ... Read More
Aug 27, 2009
Credit Agricole Sitting Pretty.
Credit Agricole Sitting Pretty.
During the second quarter the net income at Credit Agricole rose dramatically. The bank saw a strong jump in their investment of 201 million euros. Last year Credit Agricole saw a net income of only 76 million euros.
Credit Agricole has completely implemented itself to be adaptive to the current economic situations. This has allowed Agricole to bend to meet the real economy. Georges Pauget, Chief Executive Officer stated, “this is not only relevant, but sound, ... Read More