Fake United States Treasury securities
Italian police had seized 6 billion worth of fake United States Treasury bonds and other securities in the Italian-Swiss border.
Italian police arrested in the operation eight Italian accused of international fraud and other financial crimes. Continue reading
Kronurs, the Icelandic currency
Iceland public debt is safe to invest again. Fitch has upgraded Iceland’s credit rating three years after its economy spectacularly collapsed.
Fitch upgraded Iceland’s sovereign rating by one notch, from BB+ to BBB-, including Iceland’s debt into investment grade. Continue reading
Sijilmassi, Union for the Mediterranean's new Secretary General
Fathallah Sijilmassi, a Moroccan diplomat, has been confirmed as the new Secretary General of the Union for the Mediterranean.
Sijilmassi will substitute his follow citizen Youssef Amrani, who resigned on January 4th to become Foreign Affairs Minister of Morocco. Continue reading
Pringles potato chips
Kellogg agreed with Procter & Gamble to buy Pringles potato chip business for around 2,700 million dollar in cash.
With the purchase, Kellogg would triple its global snack sales, increasing them over 1,500 million dollar in 140 countries. Continue reading
Jean-Claude Junker, president of the euro zone
Jean-Claude Juncker, president of the euro zone, has downgraded tomorrow’s finance ministers meeting.
He argued Greece has not yet given the necessary assurances about its austerity plan to reach second bailout goals. Continue reading
A plane taking off
The European Union’s carbon trading scheme may open a trade war with Chinese government.
Thomas Enders, boss of Airbus, stated that what started out as a solution for the environment has become a source of potential trade conflict. Continue reading
Van Rompuy, Singh and Barroso in the EU-India summit
Herman Van Rompuy, President of the European Council, said European Union and India talks have made substantial progress towards a free trade agreement.
Manmohan Singh, Prime Minister of India, stated there is hope that a deal will be reached very earliest. Continue reading
Lucas Papademos in a TV conference
Lucas Papademos, Prime Minister of Greece, is trying to negotiate a big write off of Greek debt with private lenders and secure a second bailout of 130,000 million euro before March 20th.
He has warned the nation of a collapse in living standards if government fail to pass some austerity measures demanded in return for the second bailout. Continue reading
UniCredit headquarters in Milano
Standard & Poor’s announced today it downgrades 34 Italian banks, including UniCredit and Intesa Sanpaolo.
The ratings agency argued the reduced ability to roll over their wholesale debt and expected weak profitability of them. Continue reading
Jean-Claude Junker, chairman of the euro zone
Jean-Claude Juncker, chairman of the euro zone, said fresh conditions will be attached to the 130,000 million euro second bailout for Greece.
He announced the Parliament of Greece would now have to pass a package of cuts and reforms on Sunday. Continue reading
