Tag: international
internationalChinese Shares Plunge to 8 Month Low on Fears of Tight Credit
Chinese shares plunged to an eight-month low Thursday on persistent concerns over weak overseas markets and government measures to tighten credit and curb property speculation, dealers said.
Bad Signal: Spanish Government and Opposition Remain on Collision Course
The Spanish government and opposition made on Wednesday an attempt to join forces against the country's economic crisis amid international concern that Spain could be heading for a Greek-style meltdown.
Taiwan and China Open Tourism Offices in Beijing and Taipei
Taiwan set up its first government office in China this week sending a strong sign of improved relations following decades of hostilities that saw little official contact while the two sides stood at the brink of war.
European Farmers up in Arms Against Resumption of EU/Mercosur Talks
France’s main farmers’ organization, FNSEA, called Wednesday on President Nicolas Sarkozy to pressure upon the European Community to impede the re-launching of negotiations for a free trade agreement with Mercosur
Fresh Volcanic Ash Cloud Delay Hundreds of Flights in Scotland and Ireland
Thousands of passengers are facing long delays after airports in Scotland and Ireland closed because of a fresh cloud of volcanic ash from Iceland. Flights have been grounded in Glasgow, Prestwick and Derry since 0700 BST, while the airspace over Dublin, Belfast and Edinburgh has also since closed.
Homosexuals Campaign Against Lula da Silva’s Visit to Iran
A Brazilian non government organization which defends the rights of homosexuals launched a campaign to protest President Lula da Silva’s visit to Iran scheduled for next May 15.
France Demands “Fair and Prompt” Compensation for Bolivian Nationalizations
France's government demanded “fair and prompt” compensation from Bolivia for the nationalization of a power plant half-owned by French utility GDF Suez (EPA:GSZ).
Greek Aid Package Hard to Sell: Stock Markets World Wide Fall Sharply
Stock markets fell sharply Tuesday as concerns about high levels of European government debt continue to shake investor confidence. The Euro fell to a 13-month-low against the dollar, dropping to 1.3004, after earlier slipping below the 1.30 mark.
Australia Raises Interest Rate for the Sixth Time in Eight Months
Australia's central bank has raised interest rates for the sixth time in eight months as the country's economy continues to recover. The target interest rate is now at 4.5%—up from 3% in October last year.
EU Anticipates Further Regulation for Credit Rating Agencies
A European Commissioner has warned it may be necessary to further regulate the role of credit rating agencies. Michel Barnier, in charge of revamping financial services, told the European Parliament he had been surprised by the rapid deterioration of Greece's rating.
