Archive for February, 2009

The decline in GDP of Sweden exceeded projections

Saturday, February 28th, 2009

Official figures published on 27 February, show that the recession in Sweden is much worse than previously thought, the Financial Times. Data Statistics Sweden show that in the fourth quarter the economy declined by almost 10% year on year. In the fourth quarter, GDP declined ...

U.S. stock indexes fell as a result of trades

Saturday, February 28th, 2009

U.S. stock indexes on Friday, February 27, fell after the publication of macroeconomic statistics and the exchange of shares of Citigroup (target = "_blank"> C). At the end of the trading code " blue chips "Dow Jones Industrial Average fell by 119.15 point, or 1.7%, ...

Oil dropped in price on the day, but flew in price over the past month

Saturday, February 28th, 2009

price of oil has fallen from 27 February due to a significant decline recorded in the U.S. economy in the past quarter. But, on the basis of the month was recorded good growth of quotations of futures. As a result of trades on the ...

General Electric has reduced the dividend by two-thirds

Saturday, February 28th, 2009

General Electric Company on February 27 announced it plans to reduce the dividend by 68%, from 31 cents per share to 10 cents, which it estimated would save $9 billion a year, reports CNNMoney.com. "We understand the importance of dividends to our shareholders and the ...

“Black February”: U.S. Stock indices dropped to new minima Bear Market

Saturday, February 28th, 2009

After the vast U.S. stock indexes fall in January, February brought the U.S. stock market even more negative results. The past month has been very bad for the index Dow Dones Industrial Average since 1933. U.S. stock indexes fell on Friday after the publication ...

Latin American stock markets closed various

Saturday, February 28th, 2009

on Latin American stock markets on Friday observed divergent dynamics . In Brazil stocks mostly rose in value despite the disappointing macroeconomic indicators, published in the United States. Bovespa Index gained 0.1% to 38,183.31 points. Meanwhile, the Mexican Bolsa fell 1.6%, the Chilean Ipsa - on ...

Bank of Louisiana returns means TARP

Saturday, February 28th, 2009

Bank IBERIABANK Corp. became the first U.S. financial institution, preparing to withdraw from the government program to save the problematic assets (Troubled Asset Relief Program - TARP), announcing on Feb. 27 that returns $90 million from the state in December, reports CNNMoney.com. Bank said that ...

American Express mistaken in calculating quarterly profit

Saturday, February 28th, 2009

company American Express Co (target = "_blank"> AXP) fourth-quarter profit increased nearly 40%, to $240 million because of errors in accounting for hedging, the February 27, Reuters. The documents submitted by credit card regulatory authorities, said that fourth-quarter profit was $240 million, or 21 cents ...

China adopted a law on food safety

Saturday, February 28th, 2009

supreme legislative body of China adopted the first law on food safety, establishing a commission on the level of government to develop the rules after a series of scandals in this area, have undermined consumer confidence. Standing Committee National People's Congress on Saturday passed a ...

Toyota cut production of cars in the 2009 fiscal year by 20%

Saturday, February 28th, 2009

Japanese avtokontsern Toyota plans to cut production of cars in the 2009 fiscal year at all its factories in Japan and abroad by 20% and bring it to a level of 6.2 million vehicles. The plan, reported on Saturday, ITAR-TASS news agency in the National Association of ...