Volkswagen and Porsche Merge

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Volkswagen has announced the final terms of the merging of Volkswagen and Porsche companies that looks more like an ultimatum to Porsche. Volkswagen will pay an amount of 3 to 4 billion euros to Porsche, after which the two automakers will proceed to merging, transmits Reuters. As a result of the ...

U.S GDP in the 1st quarter of 2009

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The U.S. GDP in the I quarter of 2009 decreased by 5.5 per cent according to the final data. The data was presented on Thursday, June 25, by the U.S. Department of Commerce. Analysts expected that the decline in GDP would be about 5.7 per cent. That was the ...

EU Commission calls for social reforms

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Economics of the EU can not cope with the sharp increase of government expenses directed at combating the crisis and maintaining the growing number of unemployed, said the latest report of the European Commission. The Commission calls on EU countries to sharply tighten financial discipline so that the economic growth ...

Is the crisis not over?

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The optimism of the global investors lasted only a few months. This week, to concerns about the global economy returned to the markets once again. Now, optimism is not enough for market participants, for positive attitudes they need economic data, confirming the end of the recession and early recovery of ...

ZeniMax Media has acquired ID Software

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ZeniMax Media, which is the parent company of Bethesda Softworks, the developer of computer games TES and Fallout 3, announced about the acquisition of a not less famous and serious company IDSoftware, which is the developer of Doom, Wolfenstein and RAGE. However, the new acquired company did not not become ...

Russia and Venezuela are setting up a joint bank

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Russia and Venezuela signed an agreement establishing a joint bank with an authorized capital of up to 4 billion U.S. dollars some days ago. The document was signed by the outcome of the negotiations that were conducted between the Prime Minister of the Russian Federation Vladimir Putin and the Venezuelan ...

The new law on credit cards

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The U.S. Congress is seriously considering that it should establish new management service rates, which are to be fees that sellers must pay to those banks that issue credit cards. In the case of this solution it will not have the best impact on banks that will receive such remuneration, ...

U.S. markets closed mainly with the growth of leading indexes

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Stock trades ended mainly by growth in the United States on June 19. High-tech companies closed with mixed session. Quotations of the world's largest software manufacturer Microsoft Corp. increased by 2.43%, after analysts of the Goldman Sachs Group Inc. recommended to add it to the list of companies whose securities ...

U. Chavez expects a rise in oil prices to $ 100 a barrel

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Venezuelan President Hugo Chavez hopes that the oil prices will increaseto $ 100 per barrel. Thus he has asked for help from Russia. The Venezuelan president wrote a letter to Russian President Dmitry Medvedev, which calls for 'the unity of major oil-producing countries', transmits Associated Press. According to U. Chavez, the ...

Oil prices went down sharply

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World market prices for oil declined on the basis of bidding at the leading oil exchanges on 19 June 2009. Official prices of oil futures next month of delivery were: in London on InterContinental Exchange Futures - IPE e-Brent Crude Futures Electronic - 69,19 (-1,87) $ / barrel. in New York ...
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