Tag: financial

• Thursday, November 14th 2019 - 18:23 UTC

  OECD report warns about the middle class “squeezed by the ultra rich”

  

  Middle-class families are seeing their incomes stagnating as they are squeezed by the ultra-rich taking a bigger slice, says an international report from the OECD economics think tank.

• Friday, January 4th 2019 - 08:54 UTC

  Argentine industrial production plummeted 13.3% last October

  

  Argentina industrial production plummeted 13.3% in October 2018 after plunging 6.8% in the previous month. It was the seventh straight drop and the sharpest decline since June 2002, as all categories fell excluding tobacco (+1.5%) and basic metals (+4.1%).

• Tuesday, November 27th 2018 - 09:27 UTC

  IMF praises Argentina's reforms program and anticipates rebound of activity in 2019

  

  The International Monetary Fund has completed its second review of Argentina, the fund said on Monday, paving the way for the country to receive US$7.6 billion under a US$ 56.3 billion financing deal.

• Friday, January 12th 2018 - 10:05 UTC

  Boeing's record year of sales with 763 deliveries of market leading 737 and 787 jets

  

  Boeing delivered more commercial airplanes than any manufacturer for the sixth consecutive year and set an industry record with 763 deliveries in 2017, driven by high output of the market-leading 737 and 787 jets. At the same time, the company grew its backlog with 912 net orders, reflecting healthy demand for its single-aisle and twin-aisle airplanes.

• Friday, July 16th 2010 - 03:46 UTC

  US Senate approves biggest overhaul of financial regulation in decades

  

  United States Senate has given final approval to the biggest overhaul of US financial regulation in decades. The reforms are intended to avert a repeat of the 2008 crisis that brought the world economy to the brink of collapse.

• Friday, May 14th 2010 - 04:05 UTC

  US Looking into Possible Banks-Credit Rating Agencies Collusion

  

  Eight banks are facing a US investigation into the rating of their mortgage products, the BBC understands. New York Attorney General Andrew Cuomo is looking at whether the relationship between the banks and credit rating agencies was manipulated to gain better ratings for risky securities.

• Thursday, May 13th 2010 - 10:41 UTC

  Morgan Stanley Denies Having Misled Investors about Mortgage Derivatives

  

  Morgan Stanley (NYSE:MS) CEO James Gorman denied allegations the US bank misled investors about mortgage derivatives it sold them. The firm is being probed by US prosecutors over whether the bank misled clients when it sold them collateralized debt obligations as its own traders bet that the value of the securities would drop, the Wall Street Journal reported Wednesday.

• Friday, May 7th 2010 - 05:40 UTC

  Panic in Wall Street: Possible Electronic Error Plunges Markets 1.000 Points

  

  United States regulators and stock exchanges are searching for answers after what is believed to be an electronic trading error set off a heart-stopping plunge in markets that rivalled the crash of 1987.

• Friday, May 7th 2010 - 00:47 UTC

  Greek Contagion Threatens South Europe and UK Banks Warns Rating Agency

  

  Banks in the United Kingdom and Europe risk their credit ratings being damaged because of “contagion” from Greece's debt crisis, a ratings agency has warned. Moody's said banking systems faced “very real, common threats” if doubts were raised about their governments' abilities to pay debts. It referred specifically to UK, Irish, Italian, Portuguese and Spanish banking systems.

• Wednesday, May 5th 2010 - 06:35 UTC

  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.