Markets Archives - Page 670 of 782

Will New U.S. Sanctions On Iran Cost The President His Job?

Tensions are high between the West and Iran. Over the weekend, United States President Barack Obama imposed new financial sanctions that would directly affect Iran’s oil export market. Very swiftly, the European Union announced that it will ban the import of all Iranian crude, a big blow to Iran since that represents almost 20 percent of its export market. How will Iran react, and what implications does this have for the oil market, and geopolitical security?

Italian PM Publishes Details Of New Year’s Eve Dinner On Government Website

Italian Prime Minister Mario Monti has written a detailed account of how he spent his New Year’s Eve dinner, after a member of parliament questioned the appropriateness of holding a personal party at the Palazzo Chigi – the official residence for the Prime Minister’s office.

China vs. India – Is Either Economy At Risk? : Stephen Roach

Both China and India depend heavily on the broader economic global climate. The fear is that if China and India fall, Asia would be at risk, and it would be hard to avoid a global recession. Yet fears of hard landings for both economies are overblown, especially regarding China.

Will India’s National Solar Mission Shine?

The Jawaharlal Nehru National Solar Mission is a major government initiative in India that aims to promote ecologically sustainable growth for the country, while addressing India’s energy security challenges. But, disputes between the private and public sectors threatens to cast a dark shadow over the project. Will India’s National Solar Mission get its chance in the limelight?

Key Economic News to Watch This Week: Jan. 3

A quick preview of the key economic events for the upcoming week:

After a holiday week, trading volume and markets are expected to return to normal. Among the highlights of the week, the latest U.S. employment data is eagerly anticipated for the opening week of 2012.

India Grants Direct Access To Stock Markets For Foreign Investors

The Indian government will lift previous restrictions, which prevented foreign investors from directly buying or selling any Indian equities, on January 15^th in a bid to boost its capital inflows amidst a year of big losses on the benchmark Sensex.

Europe’s Policy Problem: Balancing Austerity With Economic Growth

Since the eurozone debt crisis crisis erupted in Greece almost two years ago, EU leaders have failed to propose a solution that balances austerity and economic growth, without which confidence in the euro cannot be restored. Perhaps European policymakers should look to Argentina for the answer.

Successful Italian Bond Auction Cuts Short-Term Debt Costs By Half

Italy’s short-term debt costs fell by half on Wednesday, after the country managed to raise 9 billion euros from 6-month bonds at an average yield of 3.25 percent, compared to the euro-era record of 6.5 percent set last month.

At the same time, the Italian Treasury also managed to raised 1.733 billion euros from zero coupon bonds due in 2013 at a rate of 4.853 percent, down from 7.814 percent last month.

Fix The Enterprises, Fix The Economy: Henry Mintzberg

An economy is simply an accumulation of transactions involving goods and services, mostly carried out by business enterprises. Their behaviour is what matters, and this can be adequately perceived only on the ground, where the behaviour occurs – where an economy is built, where it breaks, and where it must be fixed.

MONTREAL – Much commentary about the American economy nowadays leaves the impression that economists should fix its problems. But Washington is teeming with smart economists, and the problems remain.

China Set To Build World’s Highest Airport In Tibet

China will spend more than 1.8 billion yuan ($280 million) next year in order to build the world’s highest airport in Tibet’s Nagqu County, reported the Xinhua News Agency on Tuesday.

The newly built Nagqu airport will have an altitude of 4,436 metres above sea level, making it 102 metres higher than the current record holder – the Bamda airport in Tibet’s Qamdo prefecture.