2011 - Page 3 of 28 -

Britain’s FTSE hits worst losing streak in nine years

Nov 25, 2011 Jeremy Parkinson News 0

Britain’s blue-chip ended lower for the ninth consecutive session on Thursday, marking its worst run since January 2003, after Germany reiterated its opposition to the use of euro bonds or monetary tools to help solve the eurozone’s debt crisis. Following a meeting with the leaders of France and Italy, German chancellor, Angela Merkel, quashed market […]

Nokia Siemens to cut 17,000 jobs worldwide

Nov 24, 2011 Jeremy Parkinson News 0

Telecoms equipment giant Nokia Siemens Networks has said it will be shedding 17,000 staff globally in an attempt to bolster profitability in a stagnating network gear market. The company plans to cut a quarter of its workforce by the end of 2013 in a restructuring that will allow it to focus in mobile broadband equipment. […]

Stocks fall on US and Spain woes

Nov 23, 2011 Jeremy Parkinson News 0

Stocks in early trading in Asia slumped on Wednesday after a downward revision of US economic growth in the third quarter and rising yields on Spanish bonds. The US economy grew at a two percent annual rate, 0.5 percent less than its initial estimate, the Commerce Department said. Meanwhile, higher borrowing costs in Spain triggered […]

Moodys downgrade South African debt rating

Nov 23, 2011 Jeremy Parkinson News 0

The South African rand dropped sharply against the USD and bonds depreciated as Moody’s Investor Services announced its intention to reduce its outlook on the country’s sovereign debt rating. The rating agency cited growth and deficit concerns as reasons for the decision. Moody’s reduced the outlook from ‘stable’; South African debt is rated as BBB+ […]

Moody’s downgrade South African debt rating

Nov 23, 2011 Jeremy Parkinson News 0

The South African rand dropped sharply against the USD and bonds depreciated as Moody’s Investor Services announced its intention to reduce its outlook on the country’s sovereign debt rating. The rating agency cited growth and deficit concerns as reasons for the decision. Moody’s reduced the outlook from ‘stable’; South African debt is rated as BBB+ […]

Palestinian Authority’s reliance on US to be stretched

Nov 21, 2011 Jeremy Parkinson News 0

For several months, measures to reduce aid to the Palestinian Authority have been on the minds of many lawmakers in the United States. In August, the measures were actually implemented, effectively cutting off roughly $200m in aid to the PA. In addition, measures were also put in place to freeze the distribution of a further […]

Syria and Turkey continue at loggerheads

Nov 21, 2011 Jeremy Parkinson News 0

While there has been a degree of strain in relations between Syria and Turkey for decades, recent events have created additional stress on an already tenuous relationship. Thanks to Turkish support of a change in the current regime leading Syria, a great deal of unrest has been added to the situation. While, at one point, […]

Grand US deficit-cutting effort ends with whimper

Nov 21, 2011 Jeremy Parkinson News 0

The Republican and Democratic leaders of a 12-member congressional “super committee” are set to declare defeat in a joint statement to be released after three months of talks failed to bridge deep divides over taxes and spending. After a year of bruising budget battles, it is another sign that U.S. lawmakers are too entrenched to […]

German unemployment rockets

Nov 18, 2011 Jeremy Parkinson News 0

For the first time since 2009, unemployment in Germany is on the increase. While the increase was minimal, the upward shift was enough to raise concerns about what will happen in the coming months. With internal factors within Germany’s economy, as well as issues that have to do with what is happening in the Eurozone, […]

Abdel Rahim al-Keeb and the new Libya

Nov 18, 2011 Jeremy Parkinson News 0

On October 31, Libya gained a new interim president that has proven to be a surprise for those watching the elections. Dr. Abel Rahim al-Keeb, a 61-year old professional with a background in education, electronics and politics was named as interim prime minister by the National Transitional Council. Born to parents living in Sabratha, al-Keeb […]