 | |||||||
|  | ||||||
 | |||||||
    | | | | Business this week Jul 1st 2010 From The Economist print edition The House of Representatives approved the Dodd-Frank bill, which if passed by the Senate will bring in the most sweeping changes to America’s financial regulatory system since the 1930s. Negotiations had been completed on ironing out the differences between the House and Senate versions of the final legislation, but they were reopened after Republicans objected to some last-minute amendments; a proposal to impose a tax on banks and hedge funds was subsequently removed. See article
The Congressional Budget Office produced a gloomy long-term outlook for America’s budget. The agency forecast that under current law publicly held federal debt would rise from an estimated 62% of GDP this year to 80% in 2035. But under its alternative fiscal scenario, which factors in costs that are expected to accrue but are not presently accounted for, such as increases in Medicare payments to doctors, public debt could reach 185% of GDP in 2035. Worries about the health of banks in the euro zone contributed to a sharp fall in stockmarkets around the world as around 1,100 banks prepared to repay €442 billion ($613 billion) in one-year loans they borrowed from the European Central Bank last June. Investors were relieved by news that the take-up of new ECB three-month loans offered to banks was much lower than expected, though signs of economic weakness in America and China continued to trouble investors. With the share prices of Spanish banks coming under heavy pressure, Spain’s central bank announced that the consolidation of the country’s savings banks, or cajas, was nearly complete; they will get €11 billion ($13.5 billion) to help the restructuring. The European Union pushed forward with a controversial plan to rejig bankers’ bonuses that would reduce the amount payable in cash and increase the element of shares in bonus schemes. See article The WTO made public its ruling on Boeing’s six-year-old complaint against Airbus. The thrust of the decision was already known and, as expected, the trade body found that Airbus, and particularly its A380 super-jumbo project, benefited from illegal European subsidies. Airbus maintained that 70% of Boeing’s claims had been rejected and that the WTO could not find that European launch aid resulted in a “material injury” to American interests, nor that the subsidies caused losses in jobs and profits in America’s aircraft industry. A preliminary ruling on a counter case brought by Europe against Boeing is expected this month. There was a twist in the battle to win control of Vivo, the Brazilian mobile-phone operator owned by Spain’s Telefónica and Portugal Telecom, when the Portuguese government blocked Telefónica’s bid to buy PT’s stake in the business. Telefónica had earlier raised its offer to €7.15 billion ($8.8 billion), to which 74% of PT shareholders agreed. See article The board of Le Monde backed a takeover bid put together by three businessmen, all of whom have links to the opposition Socialist Party, after journalists at the French newspaper voted against a rival offer from a consortium that included France Telecom. Noble, the world’s second-biggest offshore-drilling contractor, agreed to buy FDR Holdings, valuing its smaller rival at $2.16 billion. Noble operates in the Gulf of Mexico; its share price has dropped by around 25% since the explosion on the Deepwater Horizon rig in April and the resulting oil spill. The company said the acquisition would bring immediate cashflow benefits. In one of India’s biggest-ever mergers, Reliance Communications sold its mobile-mast business to GTL Infrastructure in an $11 billion deal that was made possible only by the recent ending of a feud between Anil and Mukesh Ambani, brothers who between them control the various Reliance industries. Tesla Motors’ debut on the NASDAQ stockmarket was a success. Tesla, a maker of electric sports-cars, has developed a saloon, the Model S, which is expected to sell for around $50,000. Despite losing almost $300m since its launch in 2003 by a group of Silicon Valley entrepreneurs, including Elon Musk, the company’s chief executive, Tesla increased the number of shares it offered to meet strong demand. Its share price rose by 40% on the first day of trading. A judge described Prince Charles’s intervention last year to halt a building project of luxury apartments in central London as “unexpected and unwelcome”. The prince communicated his dislike of the design of the modernist complex to the Qatari emir. The property arm of Qatar’s sovereign-wealth fund had backed the project.   Customer service To change your subscription settings or to unsubscribe please click here, (you may need to log in) and select the newsletters you wish to unsubscribe from. As a registered user of The Economist online, you can sign up for additional newsletters or change your e-mail address by amending your details. If you received this newsletter from a friend and you would like to subscribe to The Economist online's wide range of newsletters, please go to the The Economist online registration page and fill out the registration form. This mail has been sent to: eleccion@yahoogroup
Questions? Comments? Use this form to contact The Economist online staff. Replies to this e-mail will not reach us. | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | ||||||||||||||||||||||||||||||||||||||||||||||||||||
GO TO THE ECONOMIST ONLINE Copyright © The Economist Newspaper Limited 2010. All rights reserved. Advertising info | Legal disclaimer | Privacy Policy | Terms Conditions | Help An Economist Group business The Economist Newspaper Limited Registered in England and Wales. No.236383 VAT no: GB 340 436 876 Registered office: 25 St James's Street, London, SW1A 1HG | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Http://reddemocratica.blogspot.com
Boletin Diario :
Http://reddemocratica01.blogspot.com
Foro Debate :
Http://groups.yahoo.com/group/eleccion
Ahora en FACEBOOK : Red Democratica
Http://www.caretas.com.pe/2000/1631/articulos/protesta.phtml
Http://www.caretas.com.pe/2000/1612/articulos/debate.phtml
Celebrando 10 anos "On Line"..2009
Keep the candle burning
I have a dream
http://www.stanford.edu/group/King/about_king/interactiveFrame.htm
FORUM TPSIPOL: RED DEMOCRATICA (1998-1999).
Informacion : Http://tpsipol.home-page.org
Para enviar un message , enviar a: eleccion@yahoogroups.com
Para suscribirse al Forum , enviar un mensaje a : eleccion-subscribe@yahoogroups.com
Para salir del Forum, enviar un mensaje en blanco : eleccion-unsubscribe@yahoogroups.com
No comments:
Post a Comment