Profitloss Centerstage Events

The European Union (EU) Commission announcing its plans to create a new top-level domain name, '.eu takes the centerstage among all global events which has happened over this week.
Picture Courtesy: Profit loss

Centerstage events of week 4

Bank of China reports a profit of 11.4 billion yuan...

Bank of China reports a profit of 11.4 billion yuan ($1.38 billion) in 1999.

Monday, 24 January, 2000

The Argentine government issued its first long-term global bond of...

The Argentine government issued its first long-term global bond of more than $1 billion since 1997, which is seen as a sign of rising confidence in the country's economy. The move follows the aggressive efforts of Argentine President Fernando de la Rua to cut the nation's fiscal deficit during his first days in office.De la Rua had taken office in December 1999, at a time when the country was facing significant economic challenges, including high levels of inflation, a large fiscal deficit, and a growing debt burden. In response, the new president had implemented a range of austerity measures aimed at reducing spending and increasing revenues.

Tuesday, 25 January, 2000

It is reported that Britain's trade deficit with countries outside...

It is reported that Britain's trade deficit with countries outside the European Union has widened to a seasonally adjusted 2.3 billion pounds ($3.77 billion or 3.76 billion euros) in December. This is the highest trade deficit on record and is driven by a sharp decline in the value of exports for the month.

Wednesday, 26 January, 2000

World Online, a Dutch internet service provider, announces that it...

World Online, a Dutch internet service provider, announces that it is launching a $500.9 million internet-investment fund in Europe. The fund is aimed at supporting the growth of internet-based businesses and technologies across the continent.

Thursday, 27 January, 2000

the European Union (EU) Commission announces its plans to create...

the European Union (EU) Commission announces its plans to create a new top-level domain name, '.eu', for use by European Union websites. The decision is driven by a range of factors, including the growing importance of the internet in the global economy, the need to promote the EU's online presence, and the desire to create a unique European identity online.

Friday, 28 January, 2000

A major environmental disaster occurrs near Baia Mare, Romania, when...

A major environmental disaster occurrs near Baia Mare, Romania, when a dam containing waste water from a gold mining operation burst, releasing a large amount of cyanide and heavy metals into the Someş River. The spill is one of the worst environmental disasters in Europe's history and has significant implications for the health of the local ecosystem and the people who depended on it.

Saturday, 29 January, 2000

The International Monetary Fund (IMF) credit plan for Argentina is...

The International Monetary Fund (IMF) credit plan for Argentina is a part of a broader effort to support the country's efforts to stabilize its economy and promote sustainable growth. The credit plan is designed to provide Argentina with access to much-needed financial resources, as well as technical assistance and policy advice, to help address the country's economic challenges and protect against further recession. It is said that Under the terms of the credit plan, the IMF has agreed to provide Argentina with a total of $13.7 billion in loans over a three-year period.

Sunday, 30 January, 2000