Sunday, June 20th, 2010
British banks have a lot of problems. Almost three years after the credit crunch, lending to business and homebuyers remains constrained and expensive for riskier borrowers, according to the latest reports from the Bank of England and the Council of Mortgage Lenders.
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Tags: Bank of England, banks, britain, Business Secretary, chief economist, Council of Mortgage Lenders, GBP, Global Insight, Howard Archer, The Independent, Vince Cable
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Economics | No Comments »
Monday, May 24th, 2010
Exchange rate euro can not overcome the psychological factor. The euro is continuing, and the dollar strengthens against the background of European chaos and recession. The once mighty euro has recently reached a four-year low against the dollar may continue to fall regardless of whether it will be successful attempts to European leaders to tame rebellious debt crisis. The currency has fallen almost 4% against the dollar, and analysts predict it inevitable bleak future for the coming months, had stunted the economic problems in the region. If the recession will not be too harsh, it will likely not bring Europe into trouble.
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Tags: Angela Merkel, Chancellor, chief European economist, dollar, Economist, euro, europe, European Central Bank, European Union, france, germany, greece, head of research Forex, Howard Archer, IHS Global Insight, Jane Foley, Lehman Brothers, London, portugal, recession, spain, United States, USD
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Currency news | No Comments »
Wednesday, April 21st, 2010
Volcano in Iceland has become a real terrorist attack for Europe. European airlines see losses from stop flights, criticizing the actions aviavlastey and doubting that the closure of air space was needed. Major carriers have conducted dozens of successful test flights, although NATO fix the problems with their fighters.
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Tags: aviation, disasters, EUR, europe, European Union, Howard Archer, iceland, Icelandic volcano, insurance, International Air Transport Association, location, North Atlantic Treaty Organization, tour operators, TUI Travel Company, USD
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Society | No Comments »