Posts Tagged ‘Hernandez’

Greeks protest over fresh austerity measures

Vittorio Hernandez – AHN News Athens, Greece (AHN) – Thousands of Greek workers went back to the streets on Thursday to protest the fresh round of austerity measures the government had to put in place to qualify for more bailout from the European Central Bank and the International Monetary Fund. To get $10.95 billion (EUR [...]

Study: Growing number of college grads filing for bankruptcy protection

Vittorio Hernandez – AHN News Washington, DC, United States (AHN) – A rising number of college graduates are filing for bankruptcy protection, says a study by the Institute for Financial Literacy scheduled for release on Tuesday. In 2006, degree holders accounted for 11.2 percent of bankruptcy protection filers, the study found. By 2010, their proportion [...]

Lagarde warns of dangerous new phase for global economy

Vittorio Hernandez – AHN News Jackson Hole, WY, United States (AHN) – International Monetary Fund Managing Director Christine Lagarde warned over the weekend of a new danger facing the global economy. She identified the dangerous new phase as the growing sense that policymakers lack conviction or are not willing to make decisions that are needed. [...]

Allstate Insurance files lawsuit against Goldman Sachs over $100 million mortgage securities

Vittorio Hernandez – AHN News Manhattan, NY, United States (AHN) – Allstate Insurance filed a lawsuit with the New York state Supreme Court on Monday against Goldman Sachs Group over $100 million worth of residential mortgage-backed securities. The insurer said that Goldman considered the securities junk. Goldman Sachs is not the first company sued by [...]

Cameron announces crackdown on facemasks

Vittorio Hernandez – AHN News London, England, United Kingdom (AHN) – British Prime Minister David Cameron announced on Thursday several measures to address the riots in the country, including a crackdown on masks, which are used by many rioters to hide their identity. Cameron said police will have the discretion to remove the facemasks of [...]

Spain loses, Canada wins in Moody’s credit review

Vittorio Hernandez – AHN News Madrid, Spain (AHN) – Moody’s Investors Service placed Spain on a credit ranking review Thursday for a possible downgrade. The ratings agency said it needs to go over Madrid’s Aa rating because of challenges to the Spanish government to consolidate the country’s fiscal balance. On the same day, Moody’s renewed [...]

European finance ministers delay second Greek bailout to July

Vittorio Hernandez – AHN News Luxembourg City, Luxembourg (AHN) – European finance ministers delayed on Monday the release of the second tranche of Greece’s bailout until July. After seven hours of discussion, the ministers set as a condition for the release the approval by the Greek Parliament of spending cuts and financial reforms, including a [...]

Greece prepares large cuts in public sector wages to meet bailout terms

Vittorio Hernandez – AHN News Athens, Greece (AHN) – The Greek government is preparing tougher belt-tightening measures as it attempts to meet the terms of the country’s $110 billion (EUR 78 billion) bailout. Prime Minister George Papandreou rejected debt restructuring ahead of a Monday cabinet meeting to tackle austerity measures, which includes tax hikes and [...]

Philippine employers reject proposed $1.75 daily wage hike for Metro Manila workers, offer $0.30 instead

Vittorio Hernandez – AHN News Manila, Metro Manila, Philippines (AHN) – The Employers Confederation of the Philippines rejected the $1.75 (PHP 75) daily wage increase sought by Metro Manila workers, but instead offered a paltry $0.30 (PHP 13.35) hike. ECOP President Edgardo Lacson said Wednesday at the 32nd National Conference of Employers that the country’s [...]

British think tank foresees bright future for country’s marine energy sector

Vittorio Hernandez – AHN News London, England, United Kingdom (AHN) – Carbon Trust, a British government think tank, foresees a bright future for the country’s marine energy sector whose value is expected to reach $114 billion (GBP 76 billion) in the next four decades. Carbon Trust released Monday an analysis of the sector, weeks after [...]

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