Daily Archives | January 31, 2012
European Union Summit Begins
January 31st, 2012
READ MOREEuropean Union leaders are gathered in the first summit of the year. The official agenda focuses on achieving a balance between more austere fiscal policies for nations with high levels of debt and policies to revive economic growth in the …
President Chávez Threatens to Nationalize Banks
January 31st, 2012
READ MOREVenezuelan President Hugo Chávez has threatened to take over the banks of his country if they don’t hand US$ 9.31 billion for agricultural loans this year. Speaking on state television on Sunday he mentioned Banesco Banco Universal, Mercantil Banco Universal …
Severe Drought in Mexico Impacts Inflation
January 31st, 2012
READ MOREIn an interview with Bloomberg News in the World Economic Forum of Davos, Agustín Carstens, the central bank Governor, assured that Mexico’s worst drought on records is pushing up food costs and may impact the inflation expectations: “We have had …
“Robin Hood” Tax in France
January 31st, 2012
READ MORENicolas Sarkozy, the French president, has announced his plans to introduce a new 0.1% tax on financial transactions. The tax is a part of the official measures to promote growth and create jobs in France. Sarkozy wants to set an …
Microfinance Keeps Growing in Philippines
January 31st, 2012
READ MOREThe Bangko Sentral ng Pilipinas, the Central Bank of Philippines reported that 198 banks in that country have lent US 165 billion to almost one million borrowers during the year June 2010 – June 2011. Among the 198 lenders there …