Lowest oil price since April

-Oil prices fall on Iran and Greece on Tuesday Oil prices fall somewhat further in early hours of Tuesday, weighed down by the Greek debt crisis and signs that it may be signed an agreement for Iran’s nuclear program within a few days. Brent 1st position, which is the...
Posted On 30 Jun 2015

Puerto Rico throws in the towel

Puerto Rico throws in the towel – The debt is impossible to pay. Puerto Rico’s governor says he is forced to leave the islands out of a “death spiral”. Puerto Rico, officially Estado Libre Asociados de Puerto Rico (commonwealth Puerto Rico), is an...
Posted On 29 Jun 2015

H&M increases profits – the stock falls

Clothing giant Hennes & Mauritz increased profit and reported a profit roughly in line with expectations for the spring months. But shares still fell over two percent. H&M, the world’s second largest clothing company by Inditex of Spain, reports a profit before tax...
Posted On 25 Jun 2015

Problems for everyone

After the Greeks in recent days drained their bank accounts which pushes the European Central Bank, the ECB, to give an emergency loan to the crisis country. The money will enable Greek banks to open again on Monday. In the shadow of the loan talks between the European Central...
Posted On 24 Jun 2015

It can not get worse in Greece

Do not be too worried about the Greek economy if the country leaves the euro – it simply can not get much worse than it already is. The conclusion drawn by the analysts Oxford Economics. While both the Greek central bank and the world’s market analyst tremble at the...
Posted On 18 Jun 2015

Greek warning to EU exit

Greece could leave the EU unless a solution is found soon, warns the country’s central bank. “Unless a settlement is reached, begins a painful journey that initially leads to Greece must suspend payments and ultimately leave the euro zone, and – most likely...
Posted On 17 Jun 2015

Big Drop on Euro

The turmoil in Greece has led to a sharp increase in the Greek government bond yields. Now this recovery is also beginning to spill over into several European countries, primarily the rest of the so-called “PIGS” -land. For the first time since August 2014, the...
Posted On 16 Jun 2015

Calls for restart

Stock markets and the euro falls. And the media continues struggling with the negotiations between the Greek government and the lenders which once again collapsed. This weekend’s “final” negotiations yielded no, and as usual, blaming the combatants to each other...
Posted On 15 Jun 2015

Gold And Silver Prices Sink To 4½ Year Lows

Gold and silver prices sunk to their lowest prices in and 4½ years overnight, as the improving US dollar and predictions of upcoming stimulus programs by major world economies applied more pressure to the ailing commodities. Closing Prices The traded contract that has seen the...

European Union Lowers Its Growth Forecasts

On Tuesday the European Union (EU) announced that it has lowered its growth outlook for the European area. The new forecasts by the EU has gross domestic product (GDP) of the 18 nation Eurozone region now set at an expected rise of 0.8% for 2014, and a projected rise of 1.1% for...