Tag: Economy

Mar 03

Lower estimates of 2013 global oil demand

The estimate of global oil demand has been slithly lowered to 90.7 (mb/d) in 2013, following downward revisions to the International Monetary Fund’s forecast of economic activity, the IEA said in its February Oil Market Report. Crude oil futures breached nine-month highs in early February, propelled by stronger economic signals from China and the United …

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Mar 03

50% of Italian SMEs finds difficult to pay wages

Peak of defaults around 95 billion euro in 2012 in Italy, with 50% of SMEs unable to pay its workers’ wages on time, CGIA Mestre reports in its analysis of the Italian economy. The net pay of the Italian workers, around 10 euro on average, is below the norm for Eurozone, ISTAT says.

Mar 03

Five possible energy surprises in 2013

Low probability scenarios are described by Kurt Cobb in his blog. They have few chances to happen, but would surprise the experts and markets. The scenarios include extreme hypothesis about oil prices from 30$ to 200$. Read the article here.

Mar 03

Finance ‘votes’ for Grillo and Berlusconi

A pre-electoral report by Mediobanca Securities forecasted the incredible results of Mr Grillo and Mr Berlusconi in the Italian vote of 24-25 February 2013, and indicated it as the best scenario for financial operators worldwide (read the scoop by Il Sole 24 Ore on 18th February 2013). “Paradoxically, the worst case scenario could actually become …

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Oct 18

Europe: calls

Environment Financial support for New Knowledge for an integrated management of human activities in the sea. Open call for proposals PP/ENV/SEA 2012  in the framework of the Pilot Project “New Knowledge for an integrated management of human activities in the sea”. Finance available: EUR 2.000.000. Deadline for applications: 19 December 2012, 17:00 hrs (Brussels time) …

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Oct 02

Italy’s world records -#4

Corruption costs Italy €50-60 billion in terms of GDP loss per year. That’s around €600 billion not spent on services in Italy in the last 10 years, Libera NGO reports. 12% of Italians have been asked for bribes in 2012, with financial outflows around €10 billion decreasing productivity by 6%. The reports bursts into the …

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Oct 01

Will high oil prices permanently cap economic growth?

The answer to this question is positive, Jeff Rubin said to Bloomberg past week. “For most of the last century, cheap oil powered global economic growth. But in the last decade, the price of oil has quadrupled, and that shift will permanently shackle the growth potential of the world’s economies.” See also our recent posts …

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