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The Hellenic Radio (ERA): News in English, 08-11-25

The Hellenic Radio (ERA): News in English Directory - Previous Article - Next Article

From: The Hellenic Radio (ERA) <www.ert.gr/>

CONTENTS

  • [01] Positive Climate in Markets

  • [01] Positive Climate in Markets

    Tokyo's market closed with a 5% rise today. Most markets in the Far East, as well as Wall Street also rose. Washington's decision to save Citigroup by injecting 326 billion dollars gave a push to Wall Street. At the same time, the Congress is planning to adopt a new plan for resurgence of the US economy, which as per the Press might amount to 700 billion dollars. The positive climate has also been attributed to the British government's decision to reduce the VAT by 2.5% in the next 13 months, as well as proceed to tax-cuts for low income earners. In parallel, the British government is planning to boost employment with public works. Besides, oil has been trading today at US$54 today. Presently light crude has been trading at US$53.75 per barrel in Asia.

    US President-elect Barrack Obama addressed the Congress yesterday, urging it to adopt immediately a resurgence plan for the economy, so as the crisis is tackled. Dow Jones rose yesterday by 4.93% and Nasdaq by 6.33% after the announcement of the rescue plan for Citigroup. At the same time, representatives, suppliers and trade unionists of car companies will stage a rally in American cars in December to persuade the Congress to pass a plan for the rescue of the three big American car companies.

    Source: 105.8 - NA-PA

    News item: 15938


    The Hellenic Radio (ERA): News in English Directory - Previous Article - Next Article
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