Allama Muhmmad Iqbal Words, without power, is mere philosophy.
Quaid-e-Azam Expect the best, Prepare for the worst...
Europe’s economic woes still loom over the heads of the masses. Unemployment rates are soaring and industry after industry is tumbling. Telecommunication sector is no exception to the premise and Euro regulators are not helping the cause. One of the most viable options that telecom companies have for finding a way out of the oblivion […]
Singapore: (Wednesday, July 25, 2012) After sustaining high for a week, oil prices in Asian markets have started to decline. And this time, the decline has been caused by the worsening debt crisis of the eurozone. Following the market mood, New York’s main contract lost about 18 cents for light sweet crude deals for September […]
The latest from the West is that Spain has agreed to receive a bail-out assistance plan from the Euro zone ministers in tune of $125 Billion. However, the Spanish government is expected to release the exact amount needed by June 21. The mere news of the acceptance of bail-out plan has brought smiles on the […]
The US stock market also showed a promising start to the current week after the news received from across the ocean. Though the trading is still to commence on Monday, the futures showed a prosperity of 1 percent. Dow Jones industrial average futures gained 130 points. Nasdaq composite futures rose 28.50 points. S&P 500 futures […]
Soon after the 2008 crisis that hit the West the most, Europe went on a shopping spree, borrowing money from banks in huge sums. Now the bad debts are haunting the whole continent like the notion of Armageddon. Spain is not an exception and is on the verge of collapse if the European Union does […]
The solution to the above is bail-out, undoubtedly but it itself has two-fold problem that is fending the central government and sovereign governments of the countries. First, EU wants to instil the money into the banking sector of the countries like Spain but it is not only Spain that is in the oblivion. Countries like […]
Oil prices dip as news about Spain bailout hit the market Singapore: (Wednesday, May 30, 2012) Oil prices in the Asian markets observed a declining trend as the news about debt ridden Spain going for a bail out roiled. The oil prices came under pressure as the euro plummeted amid many of the union’s partner […]
British Prime Minister David Cameron and President of European Commission have said that Greece should not be ousted of the Euro British Prime Minister, David Cameron , said on Wednesday, May 16 that the euro area should act quickly to resolve its debt crisis or see a possible dissolution. "The euro zone needs to choose . If the euro zone will continue as it is, […]
Debt-ridden Greece is close to a deal with private investors to reduce its debt burden by about 100 billion euros ($131.49 billion), and that — plus an agreement to enact deep spending cuts — could pave the way for a 130-billion-euro ($170.94 billion) bailout from its European partners and the International Monetary Fund. But on […]
The Eurozone is attracting opprobrium from every side. On the top, public is raising questions on the economic prosperity of the region, the sides are being attacked by the shortfall of internal consumption and Euro is losing its value at the bottom. However, the Euro countries have recently been attacked at the front by Standard […]
France came down from AAA rating to AA+ while Italy and Spain’s ratings were down two notches, reading even worst news from France. Austria was cut to AA+ from AAA; Cyprus to BB+ from BBB; Italy to BBB+ from A; Malta to A- from A; Portugal to BB from BBB-; the Slovak Republic to A […]
Fitch has said that the euro zone deal is beyond reach It reaffirmed France’s top-notch triple-A rating but even here said the outlook was now negative, meaning it could be downgraded within two years. Underscoring the tensions within the bloc over a crisis that has spread relentlessly over the past two years, Italy’s prime minister […]
