Tag archive for ‘headlines’
By Rajat Anand On Wednesday, August 12th, 2009
0 Comments

Australia recovering faster than expected, economy showing signs of life

After a year of global recession, Australia could be one of the world’s first major countries to start raising interest rates owing to its faster than expected recovery from the economic crisis. The Reserve Bank More...

By Adrian Santana On Monday, April 27th, 2009
0 Comments

World Bank: 50 million forced into extreme poverty

The World Bank on Sunday urged rich countries to hurry up with the delivery of the money they’ve pleded as well as give more, in order to help poor nations hit hard by the global economic crisis. An economic More...

By Adrian Santana On Sunday, February 1st, 2009
0 Comments

Davos: Talking the talk

The World Economic Forum held in Davos, Switzerland from the 28th January until Sunday 1st February saw a lot of talking the talk. Although there is a general consensus that: “leaders must continue to develop More...

By Adrian Santana On Monday, January 26th, 2009
0 Comments

Iceland nearing collapse as economic crisis deepens

Iceland’s Finance Ministry slashed its forecast for gross domestic product (GDP) last Tuesday and said the nation’s economy was heading for a deep recession this year. Foreceasts for GDP are at a contraction More...

By Adrian Santana On Monday, January 26th, 2009
0 Comments

ING cuts 7,000 jobs and CEO steps down

ING Groep NV, the biggest Dutch financial-services company, announced Monday that it will cut 7,000 jobs and replace current CEO, Michel Tilmant. The company announced “in light of the extraordinary developments More...

By Adrian Santana On Saturday, January 24th, 2009
1 Comment

Compass Bank to cut 1,200 jobs

Compass Bank, a unit of the Spanish Banco Bilbao Vizcaya (BBVA.MC), said Friday it will shed 1,200 U.S. jobs, or 10 per cent of its total workforce to combat the unfolding economic crisis. BBVA purchased the US More...

By Adrian Santana On Saturday, January 24th, 2009
0 Comments

Schlumberger oil giant, to cut 5,000 jobs

Schlumberger Ltd., (NYSE:SLB) the world’s largest oilfield-services provider reported Friday a 2008 revenue of $27.16 billion versus $23.28 billion in 2007. Despite this increase, the company reported a lower More...

By Adrian Santana On Friday, January 23rd, 2009
0 Comments

UK recession: it’s official

Analysts annouced Friday that Britain has officially slipped into recession. Latest figures suggest that the last quarter saw the worst quarterly contraction since 1980. In the last three months of the fourth quarter More...

By Adrian Santana On Friday, January 23rd, 2009
0 Comments

General Electric profits drop 44 percent

The mammoth company, General Electric, Co. announced Friday a 44 percent drop in its quarterly profit. Fourth-quarter 2008 earnings from continuing operations were of $3.9 billion, or $.37 per share before preferred More...

By Adrian Santana On Thursday, January 22nd, 2009
0 Comments

Economic crisis: All eyes on Davos

As the World Economic Forum (WEF) prepares to gather at its annual meeting next week, on Wednesday 29th January all eyes are set on Davos, the small town in the Swiss Alps where the meeting is held. The agenda More...

Close
Stay In The Loop
Follow us on Twitter, Share via Google or Signup to the Newsletter