- Posted by QFINANCE Editor, February 16, 2012
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Each week QFINANCE will endeavor to bring you some of the biggest news stories from the past five days in finance and business, as well as some of the most fascinating websites and links that have crossed our path. We hope you'll enjoy reading it and you'll come back each Thursday to brush up on your finance and business knowledge.
Friday February 10
The end of the week was marked by violent protests from ten thousands citizens in Athens following new austerity measures that were finally adopted by the Greek government on Friday. As requested by the eurozone and the IMF in return of €130bn (£100bn) bailout, Greek MPs have approved the austerity package with of 199 in favor and only 74 against.
More on BBC
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Monday February 13
It was a positive start to the week on Monday as the Organization for Economic Cooperation and Development (OECD) said the world's developed economies may soon be recovering from months of economic instability. The OECD announced a rise from 100.2 to 100.4 of its indicator in December, showing that seven of the fifteen countries considered "are now pointing toward a positive change in momentum."
More on The Wall Street Journal
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Tuesday February 14
It seemed the OECD’s predictions were right as newly reports showed on Tuesday a considerable increase of German investor confidence, the highest in the past 10-months. The ZEW Center for European Economic Research in Mannheim announced its index of investor and analyst expectations rose to from -21.6 in January to 5.4 this month.
More on Bloomberg
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Wednesday February 15
Newly published figures from the Office of National Statistics (ONS) showed unemployment is still rising in the UK reaching 2.67 million in the three months to December. Numbers revealed last Monday that the unemployment rate for 16- to 24-year-old has now reached 22.2% and 6,900 more people benefited from Jobseeker's Allowance in January only.
More on BBC
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Thursday February 16
The US economy is still improving as Wall Street stocks rose considerably on Thursday, and unemployment benefits decreased unexpectedly last week. "Metric after metric, uniformly, is doing better, and barring any unforeseen problems from Europe it appears we're in a self-sustaining cycle of growth,” said Jim Awad, managing director at Zephyr Management in New York.
More on ReutersCome back next Thursday for another report on the world of business and finance.
Tags: Athens , economic recovery , emerging markets , eurozone , financial crisis , German economy , Germany , Germany investor confidence , Greece , Greek austerity , Greek bailout , International Monetary Fund , OECD , Office of National Statistics , ons , protests , sovereign debt , stocks and shares , UK , UK economy , UK pensions , unemployment , US , US economy , Wall Street , youth unemployment
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