- Philippine stocks hit all-time high on economy's resiliency
The Philippine market zoomed to its all-time high of 3,902.56 on Thursday as investors, afraid to be left behind, scampered for stocks that were trading in the negative during the session.
By end of trading, the bellwether PSEi jumped by as much as 2. 56 percent or 97.78 points to close to its historic high of 3,902. 56. For the year, the market has already posted a gain of 28 percent.
Philippine Stock Exchange President Val Suarez said the positive outlook for the Philippine economy has a ... フィリピン市場はセッション拡大への木曜日のすべての高時間3,902.56、投資家の間負の恐れがにある左を取引制覇の背後に、された株式は、
- Keeping the eurozone afloat | Claus Vistesen
Never mind the blame game, the EU needs to find a mechanism for handling economies that are close to defaultIf the current financial and economic turmoil has its origins in the US economy and its subprime mortgage debacle, most economists would now agree that its locus has slowly but surely moved to the EU and the eurozone. Specifically, the market's attention has zoomed in on the weaker members of the pack in the form of Greece, Spain and Ireland.Most recently, the situation in Greece and Spain has been the centre of attention and, especially in relation to Greece, the pressure has been mounting. The country now faces a tough administered reform package either pushed through by the EU or the IMF, its only alternative being an outright default that would have grave consequences not only for Greece, but also for the eurozone and the EU.In principle, however, none of the eurozone economies are in stellar economic form, but some are definitely in worse shape than others. For Greece and Spain the situation is simple. Years of above-average increases in inflation and wages have eroded competitiveness and produced large current account deficits. Coupled with ongoing budget deficits (to a lesser extent in Spain) this means that these economies have little or no defence against the adverse effects of a global financial crisis.However, this is not only about Greece and Spain. Portugal has the same symptoms as its southern European brethren. In particular, worries in the market point towards the fact that as the budget deficit in 2009 and 2010 is set to climb to close to 10% of national income and with a current account deficit in the region of 9% of GDP, Portugal may soon face the same headwinds as Greece as it tries to put its government bonds on the market in a grand scale.The _NULL_
- Budget for S Korea's Unification Ministry up 27% this year
South Korea's Ministry of Unification, a government arm in charge of dealing with issues regarding the Democratic People's Republic of Korea (DPRK), has seen about a 27 percent increase in its annual budget this year, the ministry said Tuesday.
The finalized budget for 2010 zoomed up by 26.9 percent to 154.2 billion won (134 million U.S. dollars), the ministry said.
The increase comes at a time when South Korean President Lee Myung-bak is newly vowing to warm icy ties with the DP ... 韓国の統一部の問題は、民主主義人民共和国（韓国北朝鮮）の関連を扱う担当の政府の腕の、その年間予算の27％増加、この1年ほど見ており、厚労省と発表した
|
