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HuaweiRenewed uncertainty over Europe’s ability to deal with its spawning debt crisis following elections in Greece and France hammered stock markets Monday, with the main exchange in Athens down a massive 8 percent.
Markets10 years ago
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The Euro Disney theme park near Paris reported a 22-percent increase in its net loss for the first half of its financial year on Monday and warned it might have to take cost-cutting action.
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Nicolas Sarkozy is the latest national leader toppled by Europe’s debt crisis after the fall of governments in Ireland, Portugal, Slovakia, Italy, Greece, Spain and the Netherlands.
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The US Treasury is to sell $5 billion worth of shares in American International Group Inc. (AIG) in a stock offering, with the bailed-out insurer buying $2 billion.
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Shoppers have already started to turn to their smartphones to check out prices before buying, to look up product availability or a review, or to collect vouchers and discount offers.
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Companies spend a lot of time figuring out what their target market is and doing their best to reel in new customers. Unfortunately, they don’t spend enough time keeping the customers they have. Acquisition is the name of the game in a consumer culture but ignoring makes it too easy for your customers to always take the better deal, be opportunistic rather than loyal.
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The global foreign direct investment (FDI) inflows rose by 17 per cent in 2011 to $1.5 trillion. The FDI inflows in developed economies grew up by 18.5 per cent, while in developing economies it grew up by 13.7 per cent.
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The shutdown of Japan’s last working nuke power plant and the govt’s failure to convince a wary public about restoring production at dozens of reactors leaves the world’s third largest economy facing another severe power shortages.
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Whatever its intentions in cracking down on abuse of tax havens, India has alienated overseas investors with the timing and communication of its measures when it can ill afford to do so.
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US employers cut back on hiring in April and more people gave up the hunt for work, dimming hopes the economy was turning a corner just as President Barack Obama prepared to launch his re-election campaign.
Markets10 years ago