Markets Archives - Page 644 of 782

Europe Crisis: A Case of Too Little, Too Late

Outgoing World Bank Chief Robert Zoellick has said that European leaders have acted too late and done too little to contain its sovereign debt crisis, and now risks losing its global influence.

In an interview with German magazine Der Spiegel, Zoellick added that Europe’s inaction only managed to buy time, but with little done to address the region’s underlying structural problems.

Calling on European leaders to act quickly, he said short-term measures will no longer suffice and European leaders must now make deeper fiscal and structural reforms.

Japan Poised To Become World’s Second Largest Solar Market

Japan will overtake Germany and Italy to become the world’s second largest market for solar electricity, reported Bloomberg News on Monday, with the government set to introduce a new premium tariff on solar energy.

China Opens Labour Market To Taiwan

Chinese companies will begin offering more jobs to Taiwanese citizens under new preferential employment policies, reported the China Daily on Monday, as both governments seek to promote more cross-Straits trade and people-to-people exchanges.

Why Eurozone Scare-Mongering Appeals To The Worst In Us

READER SUBMISSION – No one knows for sure what’s going to happen in Europe. But to suggest that a disorderly exit in Greece is inevitable, followed by the almost certain exit of Spain and Italy, seems hugely irresponsible given what’s at stake in Europe.

UK Preps up Economic Defence With $155bn Credit Firepower

UK Chancellor George Osborne and Bank of England Governor Mervyn King have announced a £100 billion credit scheme aimed at stimulating the British economy amid fresh concerns that the eurozone’s “large black cloud of uncertainty” could lead to another severe credit crunch and high interest rates in Britain.

China Stockpiling Oil At Record Rate

China, the world’s second largest consumer of oil, has been building up its oil reserves at a rate not seen since 2008, reported Bloomberg News on Thursday, as the country embarks on the second stage of a plan for strategic reserves in order to manage price swings.

Countdown To Rio+20 – Going Green From The Grassroots: Elinor Ostrom

We have never had to deal with problems of the scale facing today’s globally interconnected society. But decades of research demonstrate that a variety of overlapping policies at city, subnational, national, and international levels is more likely to succeed than are single, overarching binding agreements.

BLOOMINGTON – Much is riding on the United Nations Rio+20 summit. Many are billing it as Plan A for Planet Earth and want leaders bound to a single international agreement to protect our life-support system and prevent a global humanitarian crisis.

Wealthy Chinese Snap Up US Property

China is now one of the fastest growing international buyers in the U.S. real estate industry, reported the Financial Times on Wednesday, with a “huge” influx of wealthy mainland Chinese said to be looking towards purchasing high-end properties across the U.S.

Indonesian Banks “Held Hostage” On Interest Rates By Big Clients: Central Bank

Bank Indonesia (BI), Indonesia’s central bank, are increasingly worried over how some large depositors are currently holding banks “hostage” over interest rates, reported the Jakarta Post on Tuesday, with 99 percent of the country’s banks believed to be unable to lower their lending rates for businesses.

US Oil Production Hits 14-Year High, Could Overtake Russia and Saudi Arabia

The United States produced 6 million barrels of oil per day in the first quarter of 2012, the highest production rate since 1998. According to an energy official, the US could overtake some of the world’s biggest producers in the next decade.

According to the data recently released by the United States Energy Information Administration, the 6 percent oil production growth is the primary result of increases in output in North Dakota, Texas and the Gulf of Mexico.