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THE ECONOMY.(TO THE POINT)
As OPEC quota meeting looms,
an increase doesn't seem likely
OPEC members meet Tuesday in Vienna, Austria. Despite the loss of Iraq's 2.1 million barrels a day -- about 5% of the cartel's total -- OPEC watchers say oil prices are too low to justify higher quotas. At $25.77 a barrel, West Texas crude is $12 off its September peak. Less demand -- the result of the global slowdown -- and rising stockpiles make it hard to argue for more supply. Iraq is an OPEC member, but has not participated in the cartel since the Gulf War.
CEO layoffs still climbing: Survey
Between January and June, 555 CEOs left their offices. That's a 22% rise over the first six months of 2000, when 456 departed, according to outplacement firm Challenger, Gray & Christmas. While departures in June fell slightly to 82 from May's 84, they outnumbered the 67 exits in June 2000, by 22%. It was the ninth time in the last 10 months that CEO departures increased over the same month in the previous year. This time, though, the departures included more experienced CEOs. The average tenure in June was 12.7 years, up from 4.8 years in May.
The U.S.-EU banana war is over!
The Bush administration formally ended trade sanctions imposed on $191 million worth of French handbags, British bed linens and other European products in a fight over European banana barriers. Trade Representative Robert Zoellick said the administration was satisfied with the steps the EU had taken to implement an April 11 deal that unwinds the barriers
- 12 cities contend to be home of Europe's Central Bank. (European Central Bank)
- Magazine article from: American Banker Evans, John January 30, 1992 700+ words
...the normally staid world of European central banking, the long knives...centers on the location of the European Central Bank, a Federal Reserve-style...monetary union ... how can a European central bank be placed in London?" Migration...
- IMF approves European Central Bank application to become a holder of Special...
- Press release article from: M2 Presswire November 16, 2000 700+ words
...2000-IMF: IMF approves European Central Bank application to become a holder...IMF) approved today the European Central Bank's (ECB) application to...Eastern Caribbean Central Bank European Central Bank International Bank for Reconstruction...
- The Excessively Cautious Bank; European interest rates.(Europe's cautious...
- Magazine article from: The Economist (US) October 4, 2003 700+ words
...monetary-policy meeting as the president of the European Central Bank (ECB) this week, before he hands over to Jean...performance. But it would be wrong to conclude that a central bank's monetary policy is only as good as its boss...
- Making a point; European Central Bank.(The European Central Bank)
- Magazine article from: The Economist (US) May 7, 2005 700+ words
...area, Jean-Claude Trichet, president of the European Central Bank, is in no mood to cut interest rates. Why? EVERY...euro area hold their monthly meeting not at the European Central Bank (ECB) in Frankfurt, but somewhere else in the...
- Defended; The European Central Bank.(The European Central Bank and monetary...
- Magazine article from: The Economist (US) April 27, 2002 700+ words
...by slashing interest rates. By contrast, the European Central Bank dithered, cutting rates by too little, too late...policy to play a bigger role. * "Monitoring the European Central Bank 4: Surviving the Slowdown", by David Begg, Fabio...
- Faites vos jeux; The European Central Bank.(The European Central bank needs a...
- Magazine article from: The Economist (US) January 26, 2002 700+ words
Look what I wrote, Christian In search of a new vice-president A ROUTINE letter, says the European Central Bank. Maybe, say those who watch the ECB. But a reminder, still, about the fun in the next few months, with luck at the expense...
- Monetary policy: Euros Look for Low Rates: Continental economists yearn for...
- Magazine article from: US Banker November 1, 2002 700+ words
The European Central Bank is expected to cut interest rates by the end of the year to help bolster the Continent's ailing economies, which is particularly...
- EUR/USD: Trading the European Central Bank Interest Rate Decision.
- News wire article from: Mena Report September 2, 2009 700+ words
Summary: The European Central Bank is widely expected to hold...Trichet anticipates... The European Central Bank is widely expected to hold...months. Trading the News: European Central Bank Interest Rate Decision What...
