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THE ECONOMY.(TO THE POINT)
Argentina cheers new bank rules
Argentine markets rallied sharply in thin trade as investors cautiously cheered tough new bank restrictions to stem a run on ailing banks. The government barred people from withdrawing more than $250 cash per week from their accounts, trying to prevent economic collapse. Long lines formed at ATMs on Sunday as Argentines tried to get out their money before the rules took effect. Over $700 mil was yanked out of accounts Friday.
The new rules may save the banks, economists say, but may hurt consumer spending and scare off foreign investment.
More people late on mortgages
The delinquency rate for loans on one-to-four-unit residential properties was 4.8% in Q3, up 0.24 percentage point from Q2, the Mortgage Bankers Association said. The share of mortgages in which foreclosure started during Q3 rose 0.02 point to 0.38%. The shares of loans in the process of foreclosure at the end of Q3 also ticked higher, MBA said.
Euro zone manufacturing perkier
Reuters' euro zone purchasing managers index rose to 43.6 in Nov. from 42.9. That shows factory activity slowed for an eighth straight month but at a slower pace. Economists ...
- THE EURO-ZONE AND THE WORLD.(demographic, economic statistics)(Brief...
- Newspaper article from: European Report December 29, 2001 700+ words
In 2001, the euro-zone has a total population of 303 million...and 127 million in Japan. Among the euro-zone population, 16.4% are less than...On the other hand, 16.3% of euro-zone citizens are over 65 years old and...
- FOREIGN DIRECT INVESTMENT: EURO ZONE'S NET FDI POSITION WITH THE REST OF WORLD...
- Newspaper article from: European Report March 31, 1999 700+ words
The report concludes that the Euro zone's net FDI exporter position was established through...Euro 24 billion at the end of 1996. Within non-Euro-zone EU countries, the Euro zone amassed around Euro 85 billion of FDI assets. On...
- Euro zone to be giant trading power.
- Newspaper article from: The Birmingham Post (England) December 30, 1998 700+ words
...economic output and trade. Key facts on the euro zone. Countries participating: Austria...Population: 291 million people live in the euro zone (compared with 269 million people in...000 square kilometres Economy: The euro zone had a gross domestic product of 5.55...
- INDUSTRIAL PRODUCTION: OUTPUT AND PRICE INDICES UP IN EU15 AND EURO ZONE IN...
- Newspaper article from: European Report January 19, 2000 700+ words
...strongest gain with 1.2% in the Euro-zone and 1.3% in EU15. Capital goods production rose by 0.6% in both the Euro-zone and EU15. Output in durable consumer goods was up 1.0% in the Euro-zone and 0.7% in EU15 and production...
- Low trend rate of GDP growth in the euro zone.
- Magazine article from: The Swedish Economy December 1, 2005 700+ words
...recovery has been much slower in the euro zone than in other countries, such as the...Although resource utilization in the euro zone is currently low, the weak growth there...s, the potential growth rate in the euro zone seems to have decreased in recent decades...
- INDUSTRIAL PRODUCTION: SLIGHT FALL IN EURO ZONE BETWEEN MARCH AND MAY.
- Newspaper article from: European Report July 28, 1999 700+ words
...1% in the eleven countries of the Euro zone during the three months March to May...industrial production of 0.2% for the Euro zone and an upward revised decline of 0...While industrial production in the Euro zone is still falling, the May figure showed...
- Inflation in Sweden and the Euro zone--what explains the difference?
- Magazine article from: The Swedish Economy June 1, 2005 700+ words
...the lowest in the entire EU. In the Euro zone, inflation has not dropped to the same...inflation rate in Sweden than in the Euro zone is nothing new. Since the single currency...3 percentage point lower than in the euro zone (see Diagram 138). [GRAPHIC OMITTED...
- Euro zone on cusp of 'new economy' spending boom.
- Newspaper article from: Sunday Business (London, England) March 11, 2001 700+ words
...probably be amazed to discover that the euro zone invested considerably more in its businesses...with an approximate share in a synthetic euro zone of 12% through the same period. Only...reached 15%, as against 13% in the euro zone. This matters because none other than...
