Category Archives: Spirituality & Money Gate

French Cable Baron Circles U.S. Market

In the past 18 months cable entrepreneur Patrick Drahi has stitched together $40 billion in deals, including a $23 billion takeover of SFR, France’s second-largest mobile company. Now he’s targeting the U.S. market. All images and written content is property of the listed RSS FEED if you would like more on this story and images please click the listed feed.

Asian shares ride China bounce, euro up on Greek hopes

A videographer films an electronic board showing the Japan's Nikkei average and related indexes at the Tokyo Stock Exchange in TokyoBy Lisa Twaronite and Hideyuki Sano TOKYO (Reuters) – Asian shares and the euro gained on Friday as investors took heart from strength in recently volatile Chinese markets, and after Greece's offer of a new reform plan raised hopes of a deal at a weekend summit of European leaders. MSCI's broadest index of Asia-Pacific shares outside Japan extended early gains and was up 1.2 percent, but was still on track for a weekly loss over 4 percent in a period marred by a savage correction in Chinese stock markets. U.S. stock futures also rose, with S&P 500 mini futures jumping as high as 2061.75, up 1.0 percent from late U.S. levels.

Greece submits new bailout plan to avoid euro exit

A European Union flag waves in front of the ancient temple of the Parthenon atop Acropolis hill in Athens on July 7, 2015With the crisis reaching a climax that could have dire consequences for the global economy, the proposals from Athens landed in Brussels less than two hours before a midnight deadline. Eurozone officials will now study the details of the plan — which creditors say must include pension and tax reforms — before a make-or-break summit of all 28 European leaders on Sunday. Important for (creditor) institutions to consider these in their assessment," said Michel Reijns, a spokesman for the head of the eurozone finance ministers.

Ford to Move Current Small Car Production Outside U.S.

Ford Motor Co. will move production of small cars from a plant in Michigan to a factory outside the U.S. in 2018, a shift that comes just days before the auto maker starts contract negotiations with the United Auto Workers union. All images and written content is property of the listed RSS FEED if you would like more on this story and images please click the listed feed.

IMF says Greece spillovers limited to rest of world

Greece is a small part of the world economy, and its possible exit from the euro zone should have limited impact on the rest of the world, the IMF’s chief economist said on Thursday, though he warned similar crises could happen in other countries. Greece is racing to find a last-minute third bailout from its IMF and European Union creditors to avoid bankruptcy and exit from the euro zone. “In a world in which there is high debt to start, we have to be ready for episodes like this,” said Olivier Blanchard, the chief economist at the International Monetary Fund.