Joblesness in Eurozone hits the record in May

Note: This section contains information in English only.
Source: BBC
In May, unemployment  in Eurozone jumped to the record high level of 11.1 %. The total number of unemployed approached 17.56 million. Taken that  the Manufacturing Purchasing Managers' Index currently is below 50 at 45.1, indicating rapid fall in manufacturing activity. Companies are cutting labor expenses due to the ongoing debt crisis, provoking a 14-month long increase in unemployment.
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Tue, 03 Jul 2012 10:05:35 GMT

S&P 500 finishes higher despite ISM data

S&P 500 managed to breach morning losses from weaker ISM manufacturing index on Monday and finished 0.25% or 3.35 points higher at 1,365.51 after several takeovers were announced. Micron Technology Inc. gained 3.8% after reporting it will  acquire an Apple Inc. supplier Elpida Memory Inc. Best Buy jumped rallied 5.9%, on news its founder is considering buying the company and

Tue, 03 Jul 2012 11:41:35 GMT

BRICs will constitute a fifth of the global economy

Four most rapidly developing markets are enriching the world's economy more than ever before, creating  the biggest valuation opportunities for investors in the last seven years. In the meantime, the stock-market value of BRICs' has declined by 16% according to Bloomberg. O'Neill, who helps oversee USD824 billion, said the stock markets of BRIC are likely to double by 2020 creating

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