Profitloss Centerstage Events

International Monetary Fund Research Director playing down growing concerns about Mexican peso takes the centerstage among all global events which has happened over this week.
Picture Courtesy: Profit loss

Centerstage events of week 2

The European Commission releases a report in which it expressed...

The European Commission releases a report in which it expressed confidence in the growth prospects of the Eurozone, but also raised its inflation forecasts due to various factors. The report noted that the Eurozone’s economy was expected to grow by around 3% in 2000, driven by strong consumer spending and export growth. However, the Commission also raised its inflation forecast for the year to 2.1%, up from a previous estimate of 1.8%.This increase in inflation was attributed to several factors, including higher-than-expected oil prices, which had increased input costs for businesses and led to higher prices for consumers. Additionally, the weaker euro was also cited as a factor in the higher inflation forecast, as it had increased the cost of imports and led to higher prices for imported goods.

Monday, 10 April, 2000

DaimlerChrysler announced plans to spin off its aerospace unit, DASA,...

DaimlerChrysler announced plans to spin off its aerospace unit, DASA, and merge it with French defense company Aerospatiale-Matra and Spain's CASA to form a new company, EADS.

Tuesday, 11 April, 2000

The Norwegian government and telecoms operator Telenor ASA are currently...

The Norwegian government and telecoms operator Telenor ASA are currently bypassing its previous advisers and have selected Goldman Sachs International and DnB Markets, a unit of Den norske Bank ASA, to head up the initial public offering for Telenor later this year.

Wednesday, 12 April, 2000

International Monetary Fund Research Director Michael Mussa played down growing...

International Monetary Fund Research Director Michael Mussa played down growing concerns that the Mexican peso is overvalued against the dollar.The IMF official noted that one of the benefits of Mexico's floating exchange policy is that markets "will tend to push the peso down" if concerns arise about the current account situation.

Thursday, 13 April, 2000

Dov Segev-Steinberg, the Consul-General of Israel in Mumbai, India, states...

Dov Segev-Steinberg, the Consul-General of Israel in Mumbai, India, states that the future of Indo-Israeli economic cooperation would largely depend on joint production and marketing in third world countries. He emphasizes that India and Israel could work together to create products that would be competitive in global markets and benefit both countries. Segev-Steinberg also noted that Israel had expertise in various fields such as agriculture, water management, and technology, which could be utilized by India to enhance its development. The Consul-General's remarks highlighted the potential for collaboration between the two countries and the importance of leveraging each other's strengths to achieve economic growth and progress.

Friday, 14 April, 2000

Indian Surekha Yadav drove first ladies special local train for...

Indian Surekha Yadav drove first ladies special local train for Central Railway for India which has a huge network of railway system.

Saturday, 15 April, 2000

Tuanku Syed Sirajuddin becomes the Raja of Perlis following the...

Tuanku Syed Sirajuddin becomes the Raja of Perlis following the death of his brother, Tuanku Syed Putra Jamalullail. The Raja of Perlis is the hereditary monarch of Perlis, one of the thirteen states of Malaysia. As Raja, Tuanku Syed Sirajuddin served as the ceremonial head of state and performed various constitutional duties, such as appointing the state's chief minister and other officials. During his reign, he was known for promoting education and cultural preservation in Perlis, as well as for his contributions to charity and philanthropy.

Sunday, 16 April, 2000