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Investors in the US and European market had been bracing for the Greek Parliament’s decision on the package, which includes unwelcomed wage cuts, tax increases as well as privatizations. After an early vote by the Greek Parliament to pass an austerity plan on Wednesday, a relief rally swept the European and US markets.
After weeks of [...]
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- Tags: Greek Vote
With oil prices surging above $100 a barrel in 2008, suspicions that traders had manipulated the market led to Congressional hearings and regulatory investigations. However, they produced no solid cases in the record run-up in prices of gasoline.
Federal commodities regulators filed a civil lawsuit against two obscure traders in California and Australia as well as [...]
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- Tags: oil price, Oil Trades
As the owner of Holiday Inn rode the wave of strong growth in the US and Asia, the world’s largest hotelier–InterContinental Hotels checked in its first quarter results with a rise of 43% in profits.
The key measure of strength of the hotel industry–revenue per available room, has climbed by 6.9%. As a result, InterContinental Hotels [...]
The number of properties in the US with TV sets dropped for the very first time in 20 years.
According to Nielsen Company, which takes TV set ownership into account when it produces ratings, it is indicated that the TV networks and advertisers of American households own sets drop from the previous 98.9% to 96.7%.
According to [...]
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- Tags: TV sets
According to Ben Bernanke, chairman of Federal Reserve, it is said that the first quarter growth in the US will be weaker than in the UK. Official figures revealed that the UK economy grew by 0.5% in the first quarter of 2011, while the annualised growth of US economy will come in under 2%.
The Fed [...]
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- Tags: US economy
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