euro zone officials have been urging Greece to resolve the debt crisis to make the euro area can be together, Greek Deputy Prime Minister and Finance Minister Pooh is Ross on Sunday said that Greece will honor its commitments and will not withdraw from the euro area. In his speech, the international bankers and financial officials, Pooh is Ross said, the next Greece will lay off 30,000 government employees in order to achieve the 2011 budget target. But he warned that Greece is now in a "vicious cycle", if the budget cuts the domestic economy will lack vitality. He called on the country and society to lend a helping hand to help Greece to ride out the storm. Greece's debt restructuring details have been finalized, would immediately be released to banks and bondholders.
steel futures weekly / monthly analysis report
Recommended Reading:
Toyota Motor Corporation announced on Monday that the Corolla sales outlets in Japan's domestic sales of mini cars Pixis, which is the Toyota brand's first foray into the mini-car market, aims to enhance the Japanese domestic market downturn in car sales. The new car by a large fat production of the Automotive Industry Corporation, the prototype is the Move Conte, Daihatsu Motor Co. factory in Kyushu, production and assembly. Toyota holds 51% of Daihatsu is the Group's mini-car manufacturers, sales of 528,000 in 2010, this year introduced three new mini-car to meet the strong demand of the domestic market. Pixis micro car engine displacement of 660cc is priced at 1.12 million yen (about 93,700 yuan).
"Washington Post": Greek efforts to abide by its commitment to achieve budget targets
Bank of England Monetary Policy Committee member Ben Broadbent Bant said, "rigid," the British banking system is to discourage exports. Exports to the urgent need to achieve economic balance is necessary. Last week, Broad Bant necessary to implement the second round of quantitative easing, suggesting the central bank will make the economy more action to save the British imbalance. Broad Bant said, in a speech in London, 2007-2009, the real exchange rate of the pound fell 22 percent, but not to stimulate exports, because the bank found that in the face of good prospects for economic development region, redistribution of capital becomes a problem. The banking system itself is in poor condition, the economic balance and productivity rise will become empty words in a very long period of time.
Malu Di Suzuki Motor Corporation after the outbreak of the strike, the Tata Group, Wal-Tasman company is also facing labor unrest, workers protested the company's recruitment policy and wage levels. Wal-Tasman union in India announced on behalf of Wal-Tasman company's long-term interests of employees and contract workers, trade unions held protests against the company over the past 15 years only in accordance with the contract to recruit its staff, asked for the long-term employees and contract workers equal salary level. Wal-Tasman company refused the workers' request, said the recruitment of contract is the industry's management. Wal-Tasman company currently employs a 8000 contract workers, management personnel 3000, only 600 long-term employees.
of Warren Buffett's Berkshire Hathaway announced Monday, will begin a stock repurchase program, no more than 10 percent of the premium repurchase of Class A and Class B shares. Berkshire Hathaway said it would use cash currently held by the stock repurchase, but does not make the company's cash holdings of less than $ 20 billion. The data show that as of June 30, Berkshire held $ 38.23 billion in cash, but spend at least $ 15 billion in mergers and acquisitions and investment in after a quarter. Buffett mentioned in the year 1999 an open letter to repurchase stock, but after the company's share price rose rapidly, and Buffett's plan did not take placeWorld Steel Pipe . After that, Buffett has never declared a stock repurchase program. Berkshire has about 80 subsidiaries, including clothing, furniture and jewelry business, but half of the company's insurance and utilities business accounted for more than half of the company's net profit. The Coca-Cola and Wells Fargo and other companies have a larger investment.
Japan Times Toyota first introduced the mini-car Pixis
"USA Today": Berkshire Hathaway announced that the equity premium buyback program
Times of India "Indian Wal-Tasman company is facing labor unrest
following the September 27 financial headlines of global media
European officials have confirmed that the euro zone are enhanced firepower to carry out the negotiations of the European Financial Stability Fund (EFSF), which is part of an ambitious plan to curb the Greek sovereign debt crisis in the region. But this sparked anger in Germany, the German opposition has threatened to vote against the parliamentary vote Thursday on the European Financial Stability Fund Adjustment Act in order to prevent this plan. The person in charge of the German Constitutional Court also exert pressure, warning the government that do not "back door" to pass the bill. Although Germany's rescue plan a trial of strength in the entire European market still rose Monday that the crisis containment and economic recovery is expected to be.
today nationwide local businesses offer summary
"Daily Telegraph": German parties around the euro zone sovereign debt crisis rescue plan to expand the contest
The euro zone finance ministers meeting declined to specify the crucial time of 8 billion euros in loans issued to Greece, Greece faces the threat of bankruptcy, and next month may be a money payment of civil service salaries of tens of thousands of prospects. However, the European Commission, European Central Bank and the International Monetary Fund (IMF) (IMF), Troika (troika), "The delegation will return to Greece a financial audit to determine whether to grant Greece's sixth loan of 8 billion euros, This will determine the Greek ability to escape bankruptcy in October doom. Prior to that, because of dissatisfaction with the progress of economic reform in Greece, "Troika (troika) delegation last month abruptly canceled a visit to Greece. Bankruptcy related to Greece another suspense Greek Parliament whether this week by the Greek government, real estate tax bill, this bill, Papandreou made desperate one fell swoop in order to block the € 2 billion budget black hole World Steel Pipe News . Troubled the Greek government is also facing fierce protest against the Government of the Transport Workers Union further austerity measures initiated by a series of strikes.
"The Guardian": facing the threat of bankruptcy due to not have access to 8 billion euros of the euro area loans to Greece
all over the country the latest price quotes
European political leaders on Monday the joint efforts of formation of more robust solution to deal with sovereign debt crises, including the possible expansion of the firepower of the euro-zone assistance fund. European officials said that this is being developed in the program will expand the Fund's borrowing power, rather than countries in the amount of the contribution. But for this plan, national officials hold a different view. In Berlin, the German Finance Ministry spokesman Martin Kotthaus said, without going through the issuance of more than the amount has agreed to expand the size of the Assistance Fund. Some are concerned that the input to the Assistance Fund more money that may threaten the credit ratings of France and other countries. The Netherlands and Finland, the two prime ministers said in a statement, the two did not plan to enhance the commitment of the euro zone rescue fund.
"Financial Times": Broad Bant said the British banking system to discourage exports
New York Times: States to strengthen the Fund view different