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Posted by admin on 09.6.12
PanARMENIAN.Net – European Central Bank President Mario Draghi has denounced a long-awaited programme to buy adult holds and assistance move down a borrowing costs of Europe’s struggling governments. The devise envisions no set extent on a volume of holds a ECB could buy, creation a programme “a entirely effective backstop” opposite a serve worsening of a debt predicament in a 17 countries that use a euro, Belfast Telegraph said.
The beginning – dubbed Outright Market Transactions or OMT – goes over an earlier, singular bond squeeze programme that was not large adequate to decisively reduce borrowing costs. Mr Draghi emphasised that a new, total programme by contrariety was open-ended and had “no quantitative limits.” He pronounced it would work since it was “very really opposite from any programme we
Article source: http://www.panarmenian.net/eng/news/121940/
Tags: amount, armenian economy, backstop, bailout, bank president, Belfast, belfast telegraph, bid, bond, bond prices, bonds, Budget, burden, CAC, cac 40, Central, contrast, countries that use the euro, country, crisis, DAX, Day, debt burden, debt crisis, difficulty, ECB, economy, emphasised, euro, European, Eurozone, eurozone countries, experience, failure, feature, FTSE, ftse 100 index, Fund, goal, government, governments, greece, help, index, initiative, interest, International, limit, Loan, mario draghi, market, market transactions, Monetary, move, Outright, package, PanARMENIAN, policy, price, program, programme, purchase, rate, Telegraph, today, turmoil, use, year
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Posted by admin on 08.24.12
PanARMENIAN.Net – The cost of wanton fell next $96 as oil markets grew desperate over a odds of some-more mercantile impulse for a U.S. economy, according to AP.
Benchmark wanton fell 55 cents to $95.72 per tub during midday Bangkok time in electronic trade on a New York Mercantile Exchange. The agreement fell 99 cents to finish during $96.27 per tub in New York on Thursday. Brent wanton fell 47 cents to $114.54 on a ICE Futures sell in London.
The decrease erased scarcely all a gains done after mins expelled Wednesday from a U.S. Federal Reserve’s latest process assembly suggested a Fed was scheming new stairs to boost a economy. But on Thursday, oil traders began to reassess their outlook. There was also some-more doubt out of Europe.
James
Article source: http://www.panarmenian.net/eng/news/120384/
Tags: armenian economy, assessment, bailout, bangkok time, Bank, barrel, brent crude, cent, CNBC, commentary, contract, crude, decline, easing, economic stimulus, economy, electronic trading, Emergency, exchange, Fed, futures exchange, gallon, gas, gasoline, gasoline futures, heating, heating oil, ICE, james bullard, likelihood, market, market commentary, Markets, meeting, Mercantile, midday, month, new york mercantile, new york mercantile exchange, Nymex, oil, oil market, oil markets, oil traders, outlook, PanARMENIAN, pessimism, policy, president, price, Reserve, round, shamu, stimulus, Thursday, time, trading, Uncertainty, Wednesday, york mercantile exchange
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Posted by admin on 07.24.12
PanARMENIAN.Net – Greece’s Prime Minister says a country’s economy could agreement by some-more than 7 percent this year, though can lapse to expansion within 18 months, according to a Associated Press.
Antonis Samaras also says he hopes to revoke stagnation from a record high of scarcely 24 percent to 10 percent by a finish of his four-year tenure in office.
Samaras spoke to his regressive celebration lawmakers Tuesday, Jul 24 as member of Greece’s bailout creditors met officials in Athens as partial of their comment of a country’s purgation and remodel commitments.
Debt-crippled Greece depends on rescue loans from a European partners and a International Monetary Fund. But if it fails to accommodate pledges for cutbacks and reforms, a money salvation could be cut, forcing a nation to default
Article source: http://www.panarmenian.net/eng/news/116991/
Tags: Antonis, armenian economy, assessment, Associated, athens, austerity, bailout, CASH, commitments, conservative party, country, creditors, currency, Debt-crippled, economy, end, european partners, Fund, greece, Greek, high, International, international monetary fund, July, lawmakers, lifeline, loans, minister, Monetary, Office, PanARMENIAN, part, party, percent, pledges, Press, Prime, Prime Minister, record, reform, rescue, Samaras, Term, Tuesday, unemployment, year
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Posted by admin on 07.21.12
PanARMENIAN.Net – Finance ministers from a euro countries have unanimously authorized a terms for a bailout loan for Spanish banks of adult to 100 billion euro, Belfast Telegraph said.
The agreement came as financier concerns on a fortitude of Spain’s economy, and that a supervision itself competence need rescuing, sent a country’s borrowing costs mountainous and a batch prices plummeting.
In early afternoon trading, Spain’s categorical IBEX index was down 3.6% while a seductiveness rate on a country’s 10-year bond – an indicator of financier certainty in a country’s ability to conduct a debt – was during 7.15 %.
The document, sealed off by a “eurogroup” of financial ministers following a teleconference today, calls for despotic monitoring of a banks that accept aid. It also requires a Spanish supervision to benefaction this month skeleton to
Article source: http://www.panarmenian.net/eng/news/116608/
Tags: ability, afternoon, agreement, aid, amount, amount of money, armenian economy, austerity, austerity measures, bailout, bailout loan, Belfast, belfast telegraph, bond, Borrowing, Budget, budget deficit, cannot, confidence, country, debt, deficit, disbursement, document, early afternoon, economy, euro, euro countries, Eurogroup, Finance, finance ministers, government, gross domestic product, IBEX, index, indicator, interest, investor, investor concerns, investor confidence, Loan, massive protests, money, monitoring, month, night, PanARMENIAN, pensions, product, property, property investments, rate, September, Spaniards, spanish banks, spanish government, stability, State, state debt, stock, stock prices, tax, teleconference, Telegraph, today, trading, unemployment, week, year
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Posted by admin on 07.8.12
PanARMENIAN.Net – French Foreign Minister Pierre Moscovici pronounced Sunday, Jul 8 there will be a new assembly of a Eurogroup on Jul 20 to tackle a debt predicament melancholy a singular banking area.
According to AFP, he pronounced a pivotal assembly of eurozone financial ministers on Monday will “translate into action” progressing decisions, and “there will be another one in July, on Jul 20 we think,” he told reporters.
A Jun 28-29 EU limit was hailed as a breakthrough, earnest uninformed collateral for Spain’s struggling banks, a European bank kinship to keep a lenders in line and creation it easier for a bloc’s new bailout account to assistance states in trouble.
Moscovici, who met with Italian Prime Minister Mario Monti progressing Sunday in this southern French town, pronounced “one has to
Article source: http://www.panarmenian.net/eng/news/115023/
Tags: action, AFP, area, armenian economy, bailout, Bank, banking, banking regulations, bloc, breakthrough, capital, crisis, currency, currency area, debt, debt crisis, decisions, Eurogroup, Eurozone, Finance, finance ministers, Foreign, french foreign minister, Fund, Italian, italian prime minister, July, June, lenders, line, mario, meeting, Monday, move, new meeting, PanARMENIAN, pierre moscovici, single currency, southern french town, spanish banks, summit, Sunday, town, trouble, Union
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Posted by admin on 07.6.12
PanARMENIAN.Net –
Japan’s government could run out of income by a finish of October, crude all state spending including salaries, pensions and stagnation benefits, since of a deadlock in council that has blocked a check to financial a deficit, Reuters said.
The necessity financing bill, that would concede a supervision to sell holds indispensable to account roughly half of a budget, has languished in council as a statute Democratic Party tussles with antithesis parties that can use their control of a top residence to reject legislation.
“Without this bill, a check will collapse,” Finance Minister Jun Azumi pronounced on Friday, pleading for team-work from a dual largest antithesis parties.
“It doesn’t matter that celebration is in power. we unequivocally wish that we can get a
Article source: http://www.panarmenian.net/eng/news/114914/
Tags: agreement, armenian economy, Azumi, bailout, bill, Budget, Chance, Cliff, compromise, Congress, control, cooperation, credit, crisis, deficit, deficit financing, Democratic, democratic party, dim, economy, end, euro, European, Finance, finance minister, financing, fiscal crisis, Friday, government, government spending, Govt, half, halt, House, Jeopardy, legislation, minister, money, nation, October, opposition, opposition parties, PanARMENIAN, panarmenian net, parliament, party, pensions, power, Reuters, ruling, Salaries, spending, standing, standoff, State, tax, tax cuts, tranche, trillion, tussles, unemployment, unemployment benefits, Union, upper house, worth, year
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Posted by admin on 07.5.12
PanARMENIAN.Net – The United States will record a censure opposite China on Thursday, Jul 5 with a World Trade Organization for commanding duties on some-more than $3 billion value of U.S.-made autos, a comparison U.S. central said, according to Reuters.
“The pivotal element during interest is that China contingency play by a manners of a tellurian trade system. When it does not, a Obama Administration will take movement to safeguard that American businesses and workers are competing on a turn personification field,” a comparison administration central pronounced in an e-mail.
The duties cover some-more than 80 percent of U.S. automobile exports to China.
“The duties disproportionately tumble on General Motors and Chrysler products precisely since of a actions that President Obama took to support a U.S. automobile attention during
Article source: http://www.panarmenian.net/eng/news/114834/
Tags: action, administration, administration official, american businesses, armenian economy, auto, auto exports, auto industry, bailout, bus, bus tour, campaign, campaign bus, candidate, car, Chrysler, chrysler products, complaint, crisis, criticism, e mail, field, financial crisis, General, general motors, global trading system, imposing duties, industry, July, level, message, Mitt, mitt romney, official, Organization, PanARMENIAN, percent, principle, Republican, republican presidential candidate, republican presidential candidate mitt, Reuters, senior administration, stake, system, Thursday, tour, Trade, trading, u s auto, world, world trade organization, worth, WTO
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Posted by admin on 07.1.12
PanARMENIAN.Net – Japan faces a same risks that disease financially-embattled European states, Prime Minister Yoshihiko Noda warned Saturday, Jun 30, days after he pushed by a divisive taxation check to chip divided during a country’s alpine debt, AFP reports.
Noda’s matter comes a day after leaders from a 17 countries pity a euro struck a understanding to approach puncture measures during Italy and Spain and boost a bum economy.
“Countries like Italy and Spain have done unfortunate efforts towards financial recovery,” Noda said.
“But once markets start looking into a country’s mercantile condition and considers a supervision has no ability to make trained management, what would happen? We need to consider about it really hard.” he told a forum in Tokyo.
The European settle paves a approach for a eurozone’s
Article source: http://www.panarmenian.net/eng/news/114192/
Tags: ability, armenian economy, bailout, bill, Borrowing, chamber, Chance, chip, condition, consumption, consumption tax, country, Day, deal, Democratic, desperate efforts, DPJ, Eastern, economy, edge, Emergency, emergency measures, euro, Eurozone, fiscal condition, Forum, Fund, future, future of the world, GDP, government, hole, House, household, June, management, minister, model, model in the world, national budgets, Noda, opponents, opposition, PanARMENIAN, party, percent, premiership, Prime Minister, public debt, rebellion, recapitalize, rise, role, role model, s 500, Saturday, saturday june, stabilise, State, statement, tax, Tuesday, vigour, way, Yoshihiko
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Posted by admin on 06.28.12
PanARMENIAN.Net – A Franco-German strife over eurozone liberation strategy has ruled out a defining understanding to solve a flourishing mercantile predicament during a latest EU limit in Brussels on Thursday, Jun 28, Belfast Telegraph said.
Eve-of-summit talks in Paris between a eurozone “big two” unsuccessful to overpass a cove between German chancellor Angela Merkel and French boss Francois Hollande over a change between purgation and growth.
The span concluded on a need for a 130 billion euro (£104 billion) “compact for growth” approaching to be adopted by all 27 leaders during a summit.
But Germany is facing a thought of “mutualisation” of eurozone debt – pooling a debt weight to reduce a risk. Mrs Merkel wants bailout nations to accommodate tough new bill controls initial and even afterwards is
Article source: http://www.panarmenian.net/eng/news/113903/
Tags: angela merkel, armenian economy, austerity, bailout, belfast telegraph, breathing space, brussels, Budget, chancellor angela merkel, Clash, debt burden, economic crisis, eve, Franco, francois hollande, french president, german chancellor angela merkel, herman van rompuy, paris, risk, summit talks
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Posted by admin on 06.18.12
PanARMENIAN.Net – Oil price slipped to nearby $83 a tub Monday, Jun 18 as confidence over a formula of a Greek elections was overshadowed by slow concerns about a eurozone’s stability debt crisis, quite in Spain, a Associated Press reported.
By early afternoon in Europe, benchmark oil for Jul smoothness was down 75 cents to $83.28 a tub in electronic trade on a New York Mercantile Exchange. The agreement rose 12 cents to settle during $84.03 in New York on Friday.
In London, Brent wanton for Aug smoothness was down 94 cents during $96.67 per tub on a ICE Futures exchange.
In Greece, a regressive New Democracy party, that supports a bailout understanding a nation concluded to progressing this year, seemed to win adequate votes Sunday to form
Article source: http://www.panarmenian.net/eng/news/112348/
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