Weak expectations for a breakthrough at the meeting of G-8 in Canada

Viliyana Filipova — Sun, 27 Jun 2010 10:25:40 +0000

The leaders of the eight most industrialized countries have different views on how to ensure recovery of the world economy. The G-8 in Huntsville, Canada the weekend will probably show the direction of meeting the broader group of G-20 meets on Sunday in Toronto, Canada, shortly after the G-8 completed work. Agency notes that expectations for a breakthrough on economic issues the Summit of the G-8 (Group of Eight most industrialized countries) and D-20 (which includes large emerging countries like China and India) in Canada are weak. According to the Wall Street Journal, however, world leaders have converged positions on whether the economic focus should be on growth or on reducing the deficits and debts. “Among the G-8 consensus on a balance between mid-term tightening of fiscal policy and promoting growth, said on Friday a senior official of the administration of the US President Barack Obama. The G-8 and donor groups have promised to make 2015 a total of 7.3 billion dollars to reduce child mortality and maternal in poor countries, transmit dpa, referring to the Canadian Prime Minister Stephen Harper. The eight most developed industrialized countries are committed to allocate $ 5 billion. The rest of the amount promised by countries like New Zealand and Norway, as well as donor groups such as the Foundation of the Bill and Melinda Gates. U.S. President Barack Obama invited 18 African leaders to come to Washington in August to celebrate the 50th anniversary of independence of their countries forward AFP, citing a senior U.S. delegation to the summit of the G-8. Obama will launch in early August a special event to mark the coming of a half century of independence of these former colonies.
The signs of deep discord among participants in the meetings of the G-8 and G-20 of this rate with what the governments should reduce their deficits, touched on Friday the financial markets. Americans warned of the dangers of dual recession, if the parties suddenly start reducing your costs. Leading European economies, especially Germany placed new emphasis on reducing government outlay and expected by some G-20 may adopt a statement on Sunday, to determine an indicative timetable for the size and pace of contraction in government spending. British daily points out that the desire of Canada is the host G-20 proposal to adopt the national deficit to be cut in half by 2013. The U.S. President Barack Obama urged leaders of member countries of G-20 to join efforts to achieve economic growth, saying that world economies are “intrinsically linked with one another.”

The series of economic news in the U.S. decreased the indexes

Viliyana Filipova — Sat, 30 Jan 2010 17:22:32 +0000

Plenty of economic news, quarterly financial reports and data on the labor market in the U.S. made investors on Wall Street to take a cautious stance at the beginning of today’s trading session. The U.S. President Barack Obama confirmed that the creation of new jobs in the United States will be a major priority of the government this year in his statement before Congress. Meanwhile, in the Swiss resort town of Davos to hold the World Economic Forum, and today French President Nicolas Sarkozy called for a thorough rethinking of capitalism and criticized the scheme for payment of bonuses, which have no relation to the quality of management. Participate in the forum and renowned investor George Soros, who called for reducing the size of banks. Before the start of the session weekly data on new applications for unemployment benefits showed that initial unemployment in the United States remains relatively high during the past week. Moreover, the data were disappointing for the orders for the production of durable goods, whose value increased four times less than expected by 0.3 percent on a monthly basis in December. Among the most important quarterly results are those of carmaker Ford Motor, which came to an annual profit for the first time since 2005 and those of the communication company Motorola, which returned to profit in the fourth quarter of 2009, Procter & Gamble, involved in the index Dow Jones IA, turn out a profit of 4.66 billion dollars for the last three months of 2009
The index of the largest and most frequently traded U.S. companies stock Dow Jones IA decreases by 0.7% to 10 169.66 points an hour after the start of trading. The broad S & P 500 gave up 0.6% to 1 091.49 and the Nasdaq Composite, which brings together companies from Nasdaq, retreated to 1.2% to 2 194.09 points. Top losers today are technology and extractive companies. Friday’s session ended with the rise of the indices after the U.S. Federal Reserve left the Fed funds rate unchanged in the range from 0% to 0.25% and confirmed that the country’s economy continues to recover from the crisis, but slowly. Shares of technology giant Apple cheaper by 4% to 199.96 dollars on the stock exchange Nasdaq, after chief executive Steve Jobs introduced the long-awaited Tablet PC yesterday iPad. He was expected to mark the next chapter in the company’s development, but initial estimates for it are quite controversial. For the last 12 months, shares of Apple have risen by 112%.

Financial Communique » USA VAT

Weak expectations for a breakthrough at the meeting of G-8 in Canada

The series of economic news in the U.S. decreased the indexes