The dollar has appreciated in foreign markets Wednesday, reaching the peak against the euro last week, according to an official in the White House announced that President Barack Obama will nominate Janet Yellen for president of central bank (Federal Reserve – Fed). Thus, more and more investors speculate the central bank will maintain its economic […]
Global Financial Stability Depends on the Fed
Changing U.S. monetary policy could endanger financial stability worldwide and could increase borrowing costs in some emerging countries, it said in a report released Wednesday by the IMF, reports AFP. “Predicting progressive renunciation of U.S. loose monetary policy could force some markets to adapt and to reveal areas of financial excesses and vulnerabilities,” the IMF’s […]
Greek Banks Tested and Ready for Another Two Years of Recession
Credit institutions in Greece will have to demonstrate that they have sufficient capital to withstand another two years of recession, variant considered scenario “pessimistic” regarding the economic development of the country, said the Greek central bank governor, George Provopoulos. Tests will focus on the four largest banks in Greece – National Bank of Greece, Piraeus […]
Bankers in the United States Will Have a Meeting with Barack Obama and Treasury Secretary
Executives of major banks on Wall Street, including Goldman Sachs and JPMorgan, will meet Wednesday with President Barack Obama to discuss the negotiations impasse in Congress on the federal budget and the debt limit in the U.S., according to Bloomberg. White House ordered a partial shutdown of U.S. federal agencies work Monday shortly before midnight, […]
US Budget 2014 Has Not Been Voted and America Goes in Technical Bankruptcy
For the first time in two decades, the U.S. federal government will be partially closed from Tuesday after Republicans in Congress rejected two draft laws submitted by the House of Representatives. Once in “technically bankrupt” U.S. Government will be obliged to make payments of emergency only, but most state institutions will be closed, their salaries […]
USA Lost Billions of Dollars Annually Due to Cybercrime
Just as with any illegal activity, it is difficult to estimate the damage that they produce cybercrime in state coffers. Center for Strategic and International Studies in the United States estimated that each year the U.S. economy 100 billion dollars lost due to these activities. Estimates of the Center for Strategic and International Studies in […]
The Busiest Airport in Europe, Heatrow London, Might Turn Into a District with 100,000 Homes
London city mayor Boris Johnson put bad thoughts Heathrow airport, the busiest in Europe, instead wants to build 100,000 homes. He will present a government commission a series of proposals for closing, moving or resizing airport, in a week playing Heathrow future, writes “The Guardian”. Monday, in a press conference, City Mayor of London has […]