163 Finance, February 8 The following is the world’s major financial headlines of the media in February 8th
“New York Times: Wal- Mart will provide healthy food labeling
commitment as the sale of food last year to improve the nutritional quality of the part of Wal-Mart announced on Tuesday, has been the development of relevant standards to determine health of those foods are healthy, and labeling of food to meet these standards. These tags use the bright green, says the word “Great for You,” first appeared in the next Wal-Mart’s Marketside and benefits should be brand sales of food, fresh fruits and vegetables in the spring of this year. Wal-Mart executives said the company plans to allow other brands to use the label and does not charge any licensing fees. Wal-Mart said last year that will provide more healthy food and cut the prices of such food, in response to the activities of the U.S. First Lady Michelle initiated a project called “Let us act aims at solve the problem of obesity in American children.
“USA Today: America in December the number of vacancies increased to nearly three years
U.S. Labor Department said on Tuesday, the United States in December jobs vacancies in a total of 3.38 million, excluding government agencies, the number of private sector vacancies rose to a new high since August 2008. The private sector vacancies reached a new high since nearly three and a half, manufacturers, retailers and professional, business services, announced the increase in the number of job vacancies. Although there are some high-paying jobs, such as architects, engineers, and accounting. 312 million in the previous month, the number of vacancies in December rose 8.3 percent to 3.38 million, the second-highest level since August 2008, just below the September data. The number of vacancies continued to rebound from the economic crisis since the end of June 2009, the cumulative increase of 39%, but still well below the approximately 4.5 million average before the economic crisis. U.S. Labor Department report released on February 3, January nonfarm payrolls grew 243,000, the unemployment rate fell to 8.3 percent, the highest three-year low.
“Washington Post”: The European program of debt to Greece to put pressure
European leaders on Monday to quickly resolve the stalled rescue negotiations to Greece pressure. They also threatened that if Athens does not agree with the new reform program, they will be laissez-faire Greek default. In recent months, between Greece and private investors on how to reduce the national debt has been engaged in painstaking excellence in negotiations. At the same time, other European countries and the International Monetary Fund (IMF), also add an additional $ 170 billion international loan to start negotiations. Greece in recent days due to Europe and the IMF issued an ultimatum related to progress to a halt: either to advance painful political reconstruction program, which is Greek officials had long commitment, but it did not do; or international aid will be stopped, Greece The bonds pay early as next month was forced to default. Greek default will hit Europe and the world financial markets, and cause panic in other euro-zone high debt countries, Greece will abandon the euro. But after more than two years efforts, in the face of Greece promised to cut spending, but no actual changes in Europe and the IMF, there are not many ways.
“Financial Times”: the RBS chief executive officer revealed that the reorganization has spent ￡ 38 billion
Royal Bank of Scotland (RBS) chief executive Stephen He Artest said in a memorandum to the employee, corporate restructuring has spent 38 billion pounds. The memo was issued within a few days after Hearst announced to give up ￡ 1 million in prize money the. Hearst in the memorandum urged the employee to prove critics wrong. He also suggested that it is difficult to clean up three years ago, the government’s 45 billion emergency relief. ￡ 38 billion, including loan losses, cleanup costs, as well as restructuring costs, since the RBS close to collapse since 2009. Informed sources estimated that the final restructuring costs will exceed 83% of the amount of government assistance. After the bonus storm, Hearst first time emphasized the issue of cost in order to stimulate the morale of the employees. He said: “There is no doubt in the spotlight to make our work more difficult, but the best way to deal with it is to prove the critics wrong.”
“The Guardian” : Greek domestic fiscal austerity program of consultation towards the end of
Tuesday night, the leaders of the Greek political parties on the consultation of fiscal austerity program close to an agreement, the Greek government, an official said, when Wednesday to resume negotiations “almost certainly” agreement could be reached. Recent days, Greece is full of dramatic few days, consultations on fiscal austerity program has been repeatedly postponed. Greece To get to the second round of the rescue of the importance of the EU and the IMF 130 billion euros, Papademos, Greek Prime Minister must convince the domestic political party leaders to support the interim government to accept the relief attached to the harsh conditions, namely, the implementation stringent fiscal austerity program. Affected by this news, Greece’s stock market rose on Tuesday, the banking sector rose by 6.5%.
“Daily Telegraph”: Royal Bank of Scotland said the reforms have been paying the cost of ￡ 38 billion
Royal Bank of Scotland (RBS) chief executive Stephen ? Hurst, Stephen Hester, send an email to staff on Tuesday to recognize the political and media attention to make his job more difficult. ” Last week, he gave up he should be nearly 1 million pounds in 2011 in prize money, because this subject to widespread criticism of the community. Two days later, his predecessor, Fred Goodwin, Fred Goodwin, who had the Royal Bank of Scotland to the brink of collapse have been deprived of their title. Hearst disclosed in an e-mail, a radical reform of the Royal Bank of Scotland has so far spent ￡ 38 billion, while banks are still in the “loss phase”, but he urged employees to work “outside criticism.
Japan Times: Toyota Motor raised full-year profit forecast to 270 billion yen
Japan’s Toyota Motor Corp. on Tuesday raised its deadline at the end of March the fiscal year profit expectations, operating profit is expected to reach 270 billion yen, mainly because sales of U.S. and European markets rebounded, reducing the cost of initial success. Toyota expects net profit to 200 billion yen in this fiscal year, sales reached 18.3 trillion yen, respectively, higher than December 9, an estimated 180 billion yen and 182 billion yen. Managing Director of Toyota Iraq to know Takahiko said at a news conference that, by the adverse effects of Thailand floods of Toyota until the end of March this fiscal year, car sales to reduce 240,000 profit loss of 111 billion yen, the Kanto earthquake led to Toyota fiscal year, sales fell 150,000, a loss of 160 billion yen profit. Toyota is expected this fiscal year, the global automotive sales of 7.41 million, higher than the previous estimate of 7.38 million.
“The Times of India: The Indian Government will be asked the Budget on March 16
Government of India on Tuesday announced the presentation of the Budget on March 16, the usual delayed two weeks, mainly because of the five states in the election vote. Indian President Pratibha Patil will be the first to the Houses of Parliament announced that a conference of draft budget submitted by the Indian Finance Minister Pranab Mukherjee, four days after this year’s budget and financial appropriations bill, this year’s Railway Budget submitted on March 14, the assessment of the economic survey documents and the overall economic situation, whale on March 15. Indian Parliament Minister of State for Luciano Kumar Bansal said after the meeting of the Cabinet Committee expected the president will convene a draft budget meeting on March 12, meeting will continue until March 30, the opposition in its budget cooperation.
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