Europe on the Eve of Destruction Europe on the Eve of Destruction. One of 2 things are set to happen in Europe, the EU will cease to exist in their current form or the Euro will collapse to around 86c US according to Economist Shayne Heffernan. Greece While Greece, facing fresh elections which could hasten its exit from the euro zone, [...]
Zoellick and the EuroCrisis World Bank President Robert Zoellick said Wednesday if Greece leaves the EuroZone, it may have “ripple effects” comparable to the collapse of Lehman Brothers in Y 2008. The debt-ridden European country faces political economy questions, not simply economic issue, Mr. Zoellick said in a forum sponsored by the Economic Club of Washington, DC The World [...]
HSBC (NYSE:HBC) Rebounds HSBC (NYSE:HBC) Europe largest bank expects additional $2-B in revenue HSBC Holdings Plc., Europe’s largest bank, doubled its target for generating additional revenue from greater co-operation among its four businesses to $2-B. The lender, based in London, is also on schedule to meet the Top end of its target for eliminating as much as $3.5-B [...]
Asia Leads Natural Gas Demand Say Exxon Exxon Mobil (NYSE:XOM) The need to develop unconventional sources of Nat Gas, such as coal seam gas, is increasingly important to meet the rising demand from Asia, and an expected rise in gas-fired power stations over the coming decades, an executive at US Oil giant ExxonMobil Corp. said Thursday in Melbourne. Australia is well positioned [...]
BHP Billiton (NYSE:BHP) withdraws from Altia BHP Billiton (NYSE:BHP) withdraws from Altia J-V Queensland BHP Billiton has withdrawn from the Altia Silver-Lead-Zinc joint venture in North Western Queensland following a commercial and technical review, Australian exploration company Breakaway Resources said Thursday. Breakaway said BHP’s decision was based on the results of a commercial and technical review undertaken by the resources giant [...]
