Posts Tagged ‘global economy 2011’

Argentine President Cristina Fernandez 2011

Argentine President Cristina Fernandez 2011

Cristina Fernandez, President of South American nation Argentina looks poised to win her reelection bid in Argentina’s October 2011 election. With most of the votes counted and reported in the heated primary, President Cristina Fernandez is set to win the primary against her challengers by a large margin. Cristina Fernandez is set with over 50 percent [...]

Tata Motors Miss Estimates as Jaguar Sales Drop

Tata Motors Miss Estimates as Jaguar Sales Drop

Tata Motors released their first quarter results and the results were not quite what they were predicting. Analysts had forecast Tata Motors, the owner of the  Jaguar Land Rover to have higher than realized first quarter net income reports. This comes as the sale of passenger cars in India fell and the deliveries of the [...]

Brazil Arrests 33 Tourism Officials

Brazil Arrests 33 Tourism Officials

In Brazil word of a large scale arrest shook the foundation of an unlikely government department. Brazilian police arrested thirty three officials from the country’s tourism office. They are being charged with crimes of corruption dealing with a recent program meant to train others in the field of tourism.   Paulo de Tarso Teixeira, the [...]

Tata Sons Successor By December

Tata Sons Successor By December

RK Krishnakumar, one of five selected members to a special committee created to interview and select the successor to Ratan Tata of the Tata Sons Company, a  telecom to tea conglomerate, announced that a successor will be announced before the end of this year. The Tata Sons Holding Company has shareholdings across the many group companies [...]

Balanced Budget Amendment In Italy

Balanced Budget Amendment In Italy

Italy’s Prime Minister Silvio Berlusconi and Finance Minister Giulio Tremonti met with each other today to discuss the severe nature of Italy’s troubled economy. In this round of emergency talks, the two ministers looked on ways to speed up the liberalization of the economy.   Prime Minister Silvio Berlusconi had for months dismissed the diminishing [...]

IMF’s Lagarde To Be Investigated Over Tapie Case

IMF's Lagarde To Be Investigated Over Tapie Case

Today French Courts ordered an investigation into International Money Fund  (IMF) Chief Christine Lagarde’s into her role in the awarding of a $400 million deal to a controversial business man Bernard Tapie. The investigation will look into allegations of complicity to embezzlement of public funds and complicity to forgery.   Bernard Tapie won a court [...]

France’s Service Economy Growing Slowly

France's Service Economy Growing Slowly

July was a disappointing  month or good month for France’s Service Sector Economy, depending on how you look at the recently released number. The Markit France Services Business Activity Index, surveyed by Markit  Economics, dropped to its lowest level in sixteen months, giving cautiously optimistic outlooks for France’s  service sector.   The Markit France Services [...]

Yeddyurappa Resigns

Yeddyurappa Resigns

After over three days of  tensions, Karnataka chief minister Yeddyurappa sent his letter of resignation to Bharatiya Janata Party President Gadkari. In his letter Yeddyurappa addressed his resignation but maintained his full support to the Bharatiya Janata Party. This comes as he was indicted on a mining issue in Lokayukta. President Gadkari accepted Yeddyurappa’s letter of resignation. [...]

Moody’s Cuts Greece’s Rating

moodys cuts greece rating

Moody’s, the credit agency known for rating nation’s credit ratings cut the troubled Greece’s rating even further today. The United States, while with its own economic issues is a Aaa rating, the highest rating one can receive. Greece however has already been cut and was cut even further today.   Greece went from Caa1 down [...]

Christine Lagarde Earns $550,000 Pay Package

Christine Lagarde, the incoming head of the IMF was given a total of $550,000 compensation package for taking on the high-power job. As the first woman ever to hold the post, and coming in at times of global economic turmoil and controversy as the previous head faces charges of sexual assault, she has a lot [...]