News from 25th of July 2011
German Banks support Greece with 1bn Euro
21% debt waiver for Southern European country. Support was voluntary.
Iron ore is the new black gold
High prices not before 2014. High demands result in a world wide shortness.
China orders Rail-Safety-Probe
Two month inspection after heavy accident with 38 victims. Officials fired.
US taxpayers loss 1.3bn$ in exiting Chrysler
US government sold remaining 6% in stocks to Italian car manufacturer Fiat. Italy now holds plus 53% in shares.
Asian stocks fall on US debt deadlock
US political leaders failed to get agreement. Deadline to bancrupty near.