Current Affairs Global – 15 May 2013
1. Nawaz Sharif’s Pakistan Muslim League Nawaz (PML-N) has emerged the single largest party after winning 122 seats of total 272 seats in Pakistan’s general […]
Euro zone debt crisis
Euro zone manufacturing activity drops further in April as crisis deepens; ECB cut rates to boost growth
Euro zone manufacturing activity drops further in April as the Markit compiled Manufacturing Purchasing Managers’ Index (PMI), an important parameter to judge the performance of the sector, […]
Current Affairs Global – 19 March 2013
1. Israeli Parliament, Knesset, has approved the new Government led by Prime Minister Benjamin Netanyahu with a majority of 68 votes in favor and 48 […]
Current Affairs Global – 16 March 2013
1. Euro zone finance ministers and IMF have reached an agreement on the emergency bailout to Cyprus which would help bring down the public debt to GDP ratio of […]
Euro zone manufacturing activity growth worsens; US sees smart rebound in December
Euro zone manufacturing activity worsens as factory orders continue to decrease. The Markit compiled Eurozone Manufacturing Purchasing Managers’ Index (PMI) dropped to 46.1 in December compared […]
New Greece deal cleared; euro zone averts sovereign default for now
The euro zone finance Ministers and the International Monetary Fund have cleared a new deal with the Greek government in order to reduce Greece’s total […]
Moody’s lowered France’s credit rating from Top rating “Aaa”
Global credit rating agency Moody’s has lowered Euro zone’s second biggest economy France’s sovereign credit rating by one notch from its top most credit rating […]
Euro zone falls into double dip recession after 2009
The euro zone consisting of 17 nations falls back into double dip recession after recession in 2009 with economic contraction for two consecutive quarters as […]
ECB and BoE kept interest rate uncharged; Economic activity to remain weak
The European Central Bank (ECB) has kept the benchmark interest rate unchanged at the record low of 0.75% which has been kept unchanged since last […]
Eurozone manufacturing activity continues to contract; Euro zone debt crisis worsens
The euro zone manufacturing activity continues to contract for the consecutive fifteenth month in October due to worsening debt crisis and lower economic activity. The […]