Finance & Economics

Austria’s investment outlook: economy well on track, according to annual “EIB Survey on Investment and Investment Finance” (EIBIS)

Austria is a structurally sound economy with a high quality of infrastructure and capital. Post-crisis, investment activity recovered faster than for the EU as a whole, powered most recently by investment in machinery and equipment. R&D investment in relation to GDP is also on the rise in Austria, driven particularly by large firms, although some innovative firms still face credit constraints.

Tai Ji Men Voiced An Injustice Case of Tax in UN

ROC Centenary, Taxation and Human Rights White Paper Reveals Tax Disasters

Tai Ji Men injustice case of tax has been recorded in the Taiwan Tax Right White Paper.

Doctors to Governments: Tax us. Canada is worth it!

A group of doctors who rank among Canada’s top income earners urge the Ontario and federal governments to raise taxes on the rich to balance the budget and spare needed public services from austerity cuts.

Chrysler Financial Parent Company Repays $1.9 Billion in Settlement of Original Chrysler Loan

TARP Repayments Reach $189 Billion

The U.S. Department of the Treasury today announced that it has received a $1.9 billion repayment from Chrysler Holding (CGI Holding) in settlement of one of the loans that the Treasury Department extended to finance Chrysler LLC, the "Old Chrysler" automobile company. This repayment, while less than face value, is significantly more than the Treasury expected to recover on this loan and is greater than an independent valuation of the loan provided by investment banking firm Keefe, Bruyette and Woods, which was hired by Treasury in connection with the transaction.

Recession hampering fight against hunger in Europe, Central Asia – UN

13 May 2010 – The global downturn is threatening to reverse gains made – driven largely by agriculture – in combating poverty and food insecurity in Europe and Central Asia, a senior United Nations official said today.
Some 50 million people in the region have risen out of poverty since 1998, according to the UN Food and Agriculture Organization (FAO). In Central Asia alone, the number of hungry people dropped nearly 40 per cent to under 6 million in 2004-2006.

Four European Countries Support India: To Invest Billions of Dollars in the Next 15 Years

India's Minister of Trade, Piyush Goyal, announced that India and the European Free Trade Association (EFTA) have signed a free trade agreement on the 10th, with the four member countries committing to invest $100 billion in India over the next 15 years to promote mutual trade and investment relations.

India Expected to Ease Restrictions on Chinese Investments

India's undersecretary of state for commerce and industry, Rajesh Kumar Singh, said to Reuters at the annual meeting of the World Economic Forum (WEF) on the 17th that border tensions between India and China have eased, and that "once the relationship between the two sides stabilizes, the rules of investment may change," foreshadowing the fact that if peace is maintained on the border between India and China, India may relax its stringent scrutiny of Chinese investment, which will improve the investment relationship between the two countries.

White House Introduces New Measures to Counter Inflation

U.S. President Joe Biden's efforts to fight inflation convened the first meeting of the "White House Council on Supply Chain Resilience" (Council on Supply Chain Resilience) on the 27th, announcing 30 specific measures to strengthen the supply chain in the hope of alleviating the burden of people's cost of living and invoking the Defense Production Act in the hope of alleviating drug shortages.

Gold Prices Surge Beyond $2,010, Reaching the Highest Level in Six Months

Two consecutive weeks of gold prices rose on Monday (27) in the United States before the tender sale of bonds rose again, once rose to the highest price in six months, the market is expected to the Federal Reserve Board (Fed) has ended the interest rate hike, the weakening of the U.S. dollar to support the price of gold.

The U.S. Treasury Department will tender a new wave of bonds, starting with two- and five-year bonds on Monday, and the results will help gauge whether investors expect the selling pressure on U.S. bonds to be over for the year.

Moody's Lowers Washington DC Rating Outlook to Negative Following the Downgrade of US Credit Outlook

After Moody's downgraded its outlook on U.S. sovereign debt from "stable" to "negative" on the 10th, the credit rating agency Moody's downgraded its outlook on the U.S. capital, Washington, D.C., from "stable" to "negative" on the 13th.

Moody's also said it is unlikely to upgrade Washington, D.C.'s credit rating in the next 12 to 18 months and may consider further downgrades.