Posts Tagged ‘financial crisis’

Euro Zone Struggles To Stem Crisis

European Central Bank policymakers said on Monday that officials of the euro zone are working for magnifying the firepower of the region’s rescue fund.
On the other hand, U.S. President Barack Obama piled pressure on Europe for staunching a sovereign debt crisis that threatens the world economy.
From in.finance.yahoo.com:

Obama, saying the crisis “is scaring the world,” urged [...]

S&P President Replaced

The chief of Standard & Poor’s will step down next month, Deven Sharma, and will be replaced by a senior Citibank executive.
The move was announced a few weeks after the credit rating agency downgraded U.S. government debt and sparked a row with Washington.
From news.yahoo.com:

The U.S. downgrade on August 5 helped lead to the biggest sell-off [...]

Nissan posts record car sales

Nissan says it rounded out a record year for car sales by making a return to profit in the fourth quarter. This was after a loss the year before but Chief Executive Carlos Ghosn acknowledged serious challenges from natural disasters of Japan.
Nissan Motor Co., allied with Renault SA of France, reported a 30.77 billion yen [...]