U.S. President Barack Obama said on Wednesday its deep concern on the crisis in the euro area and said the market turmoil will continue until the reach Europe for a concrete plan to deal with the problems of sovereign debt. Obama’s comments and adds a new voice to stay out of Europe, demanding strongeraction to deal with the crisis two years ago … Continue reading
Oil prices continued to rise driven by the results of the growth of the major countries within the European Union, in addition to the growing concerns of the situation for the future euro area, while … Continue reading
Gold prices dropped 1.1 percent on Wednesday, tracking losses of the euro on concernsthat the debt crisis of the common currency area may extend to France’s second largest economy in the cluster, while Greece and Italy are struggling to save their economies. The people come to gold in times of economic turmoil and political as a safe … Continue reading
Among the warning signs of new, high cost of borrowing Italy to the highest rate since the country’s use of the single European currency “Euro”. Included with other marks on the pressure, which is currently mobilized … Continue reading
Said German Economy Minister Philippe Ruizlr today could not be jeopardized Germany’s gold reserves at the Central Bank so to add his voice to the voices of opposition to the ideathat it was discussed at the summit of the Group of Twenty to use the reserves in promotingthe plan to rescue the euro area. And that he should … Continue reading
Economic transformation the world into something like a maze, overlapped with international interests, colorful monetary policies, ups and downs are not justified, gold, oil, dollar, financial markets, and inflation on the one hand and unemployment … Continue reading
Rise os stock of debt of Egypt’s internal and external to its highest level ever recorded 1.2542 trillion pounds at the end of the previous fiscal 2010-2011, an increase of 163.3 billion pounds at the … Continue reading
Stock Exchange concluded the “Wall Street” of America, yesterday on the transactionsmass decline of key indicators, and lost the Dow Jones industrial average 240.60points, to close at 10913.40 points, down by 2.16%. The benchmark Standard & Poor’s 500 “S & P 500” broader, by 28.98 points, to settle at 1131.42 points, a decline of 2.50%. The Nasdaq Composite Index “Nasdaq” and thetechnology-laced, trading down by 65.36 points, to reach the level of 2415.40 points, a decline … Continue reading
Concern is growing that Italy suffered the same fate of Greece and the rest of the “crisis of the euro” on the one hand and weaken growth prospects of the Italian economy on the other hand .. The IMF asked Italy to abide by the strict restrictions on spending to reducepublic debt and reduce the burden on its economy After the government … Continue reading
Today’s U.S. dollar rose to its highest levels since last February as investors on the U.S. dollar as financial instruments and the low-yielding low-risk, which investors turn to in times of lack of confidence in … Continue reading