La Giornale

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La Giornale

Post by Thomas on 13th January 2011, 18:50


Stock markets slide as tensions with Veratlantia threaten trade
Fears that a political battle will damage exports leads to 3% fall

Shares fell sharply in Jennai today as the continuing tension between former allies Cattala and the Atlantic Federation threatened trade links between not just the aforementioned nations, but possibly crucial military trading between the Holy Regno and Galbadia, a neighbour of the Atlantic Federation in Veratlantia. The biggest fallers were aviation firms selling military plane technology to Galbadia and Ascadylea, as fears of severed contracts led to shares being sold in record levels on the stock market today. Overall, the loss was 3.1%, with most military-linked firms losing around 5% of their value. Shares are expected to continue falling tomorrow, as the fall out from the recent election result continues to plague political relations.



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Re: La Giornale

Post by Huston on 13th January 2011, 20:37

Ooooh, stock market in Cattala isn't looking so good. Hope Cattala recovers from this... :affraid:
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Re: La Giornale

Post by Thomas on 13th January 2011, 20:39

Blame Sophie Elisian. Cheeky/Razz
Relations with the Atlantic Federation are quite bad at the moment, and it's expected that the AINERO will also suffer.

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Re: La Giornale

Post by Huston on 13th January 2011, 20:42

Hehehe....

Well atleast their are relations between Cattala, unfortunately Llithustania has so many cold relations to count.
Congress may have to start getting into sorting out trades between other countries, but it's government is a bit slow at the moment.
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Re: La Giornale

Post by Spy9600 on 13th January 2011, 20:57

Shhhhh don't listen to them.:evil:
Our Ambassador for Cattala will temporally stay at our embassy in Maine, Llithustania if things keep heating up so make ready to receive the poor man! Cheeky/Razz
Cattalians will eat him alive the way things are going :pale:
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Re: La Giornale

Post by Forsma on 13th January 2011, 21:05

Looks not to good for AIN. Speechless 2 major AIN country have a bad relation.
At this moment, Karasem is in Atlantic Federation's side since both countries have a good diplomation each other. Better than Karasem-Cattala's diplomation. :bounce:
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Re: La Giornale

Post by Thomas on 16th January 2011, 20:24


Jennai "returning to strength" following financial crisis
Bankers return as Cattala ignores European calls to raise taxes and "bash the bankers"

A report commissioned by Lord Monete is set to reveal a rosier picture for Cattala's economic future tomorrow, with the Government's "pro-business" approach heralded as the key to the strong economic growth, particularly in Jennai's financial services sector. During 2008, Cattala was forced to pump billions of Sterlina into the economy, and narrowly avoided entering a recession thanks to strong public sector growth during the economic crisis. However thousands of private sector jobs were lost, and major international banking corporations withdrew from Jennai altogether. Images of the central business district being abandoned on weekdays spread across the country, as the Jennai Stock Exchange continued to plummet.
However with two and a half years having passed since the crisis began, the Financial Services Review report is set to applaud the Government for its handling of the crisis, and contains healthy growth predictions for both manufacturing and financial services in the next three years.

Since August 2010, thirteen international firms have re-opened Cattala headquarters, and with rumours of further tax reform for 2014 becoming widespread, another eleven corporations are believed to be planning relocations to Jennai. However the Exchequer has been criticised by both the European Commission and the European Central Bank for refusing to raise taxes to continental levels, and many European leaders have expressed anger at Cattala's refusal to "bash the bankers" - a phrase which is popular in Eurozone and now in the United Kingdom. But the report has an opposite opinion to those in Brussels, as it claims that the Governments position on financial regulation and bonuses is "economically positive" and could add as much as 1.5% to economic growth this year alone. Analysts have referred to it as the "anti-European, pro-Cattalian" measure, whilst pro-Europeans have called it a "nationalist and destructive" economic policy that "risks another financial crisis".


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Re: La Giornale

Post by Sky Guy on 17th January 2011, 03:34

I am glad things are slowly getting better. Cant wait for more news Smile
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Re: La Giornale

Post by Thomas on 22nd January 2011, 21:19


Cattala receives upbeat report from the IMF
Flexible, Diverse and Friendly. The business-friendly face of the Holy Regno.

The IMF today revealed it's January report for Cattala, suggesting stronger growth than expected will occur this year, but if the current Government loses power then the markets could re-evaluate the opportunities in Cattala. Over recent months the Conservative administration of Lord Secolo has thrust its weight behind major private sector investments, as well as introducing flexible laws for working hours and making family-friendly hours more financially acceptable for small businesses. The IMF praised the ongoing "diversification" of Cattala's employment market, referring to the Cattala Royal Investment Fund, which has interests in Cill Orglan and Shushtrepistaz, as the "core of a new approach" from the Holy Regno.
The newly-created Provincial Development Fund was praised several times, due to it being a "remarkable boost" for the manufacturing and technology industries outside of Jennai. However they warned that if the provincial budgets are not "managed and controlled" during 2011, then the risk of an "overheated" public sector could cause major long-term damage to Cattala's prospects.

In it's summary, the IMF said that it supported the Government's reforms and pro-business approach, but called for restraint when dealing with public sector growth.

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Re: La Giornale

Post by Forsma on 23rd January 2011, 19:25

So Cattala only interested in Kilorglin and Shush? or its just a priority?
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Re: La Giornale

Post by Thomas on 23rd January 2011, 19:36

The Royal Investment Fund, CRIF, has invested millions of sterlina in Cill Orglan and Shushtrepistaz, and until recently invested in mainland Europe and the Mediterranean. CRIF has also invested in the UAE and in Africa.

You can request a meeting with the Governor of CRIF in my CN, under Opportunita Di Affari or Foreign Affairs.

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Re: La Giornale

Post by Thomas on 11th February 2011, 19:11


Bank of Cattala holds interest rates as inflation rises again
Fears of an inflation spike spread from UK to the shores of Jennai

The Bank of Cattala once again held its interest rates at 0.75%, despite rising inflation that could threaten the ongoing economic recovery in the nation. Last month analysts and the IMF expressed fears about the rising inflation rate, which has risen by 0.6% this quarter alone, and has now reached a 10-quarter peak of 3.4%. Just one year ago, the Bank of Cattala set its target for inflation of a maximum of 3% for the entire fiscal year, and is targeting 2% by 2012. The 2010-11 forecast has already been breached, and expectations are that the rate will rise again during this quarter. Fears of a food and fuel spike have not been proven correct yet, although the price of unleaded petrol rose by 3p last month and will rise at least 4p next week, according to BP and PetroleumCattala. The Government and Bank of Cattala will face increasing pressure if the trend continues into March and the new financial year, said analysts at Pearl&Westwood in an interview with La Giornale. "If inflation rises over 4%, like it has done in the UK, then we could be facing major new barriers for the economic growth in Cattala. The big question is whether the interest rates will rise - will Cattala fold before the bigger economies such as the US, the United Kingdom and the Eurozone? Only time will tell, but it's unlikely that the next meeting of the committee members will be as one-sided as this one."

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Re: La Giornale

Post by Huston on 11th February 2011, 20:35

Woah, prolonged economic recovery, only makes things worse. Are there any effective plans that the Cattalian government plan to do? :x
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Re: La Giornale

Post by Thomas on 12th February 2011, 07:42

The Bank of Cattala is independent from the Government, so they can't do much really. They are reigning in expenditure in provinces though, to stop the public sector from growing too big, and obviously they can look at reducing the fuel duty to stop that from spiralling out of control.

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Re: La Giornale

Post by Thomas on 26th February 2011, 12:36


Economic growth revised up to 0.4%
Third quarter growth raises hopes of strong year for the Kingdom

GDP revisions have revealed that the economy of Cattala grew by more than initially thought in the last quarter of 2010. The Office for National Statistics updated it's growth rate from 0.3% to 0.4%, which was the quarterly target set by the Bank of Cattala last year. Jennai had become concerned that the growth rate may not be revised up, leading to further falls on the Stock Exchange last week, which was also fuelled by rising inflation and fuel prices. Economists were upbeat about the data, and are expecting to see further, stronger growth to end the year. "The Bank of Cattala's forecast was that we could see growth reaching 2% by the end of the 2011-12 fiscal year, and now that the final quarter of 2010 has been revised up, this target is much more likely to be hit. We may even see 2% reached this year, if the economy continues to grow, Government debt stays low and inflation is reigned in. However, that's a lot of if's and it could easily go off course." reported our Markets Editor John O'Riordan.

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Re: La Giornale

Post by Thomas on 6th March 2011, 17:21



Petrogal logo


$5bn LNG Terminal to be constructed in Calora
Petrogal announce massive investment in Cattalian gas market

Galbadian-listed Petrogal has announced that plans for a vast natural gas terminal will be constructed in Calora, and will produce up to 40% of the Kingdom's gas needs. The deal was signed in Celeste this afternoon, by the Energy Minister for Cattala and Petrogal's CEO. The Government has backed the terminals construction, despite opponents claiming that it could lead to a sharp increase in shipping and pollution in the already-congested Mediterranean, and will have very limited impacts on gas security. Petrogal will build and operate the terminal on a 20-year lease, with another 20 year extended deal to be signed in 2027. The Galbadian Government also supported the deal, whilst the CNBMIOTA and the Alevian Government have strongly opposed the terminal.

The terminal will create over 2000 new jobs and, according to Petrogal, will provide "continuous, safe gas supplies to Cattala and Roumeli for decades to come, as well as reducing costs for consumers."


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Re: La Giornale

Post by alerules on 6th March 2011, 17:31

Alelantis is completely opposed into this cause and this will probably downgrade the relations with Cattala, Roumeli and Galbadia.

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Re: La Giornale

Post by Forsma on 6th March 2011, 17:36

Karasem would like to built a deal with Cattala in natural gas trade. We offer our natural gas with a reasonable price since Karasem is one of world largest gas resource. Besides we are seking to start a new gas mining project with other country, which could create a positive future deal in gas trading with Karasem

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Re: La Giornale

Post by MiguelLeal on 6th March 2011, 17:38

There are Natural Gas reserves in north mediterranean sea? :scratch:
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Re: La Giornale

Post by alerules on 6th March 2011, 17:40

Now Alelantis will also be downgrading relations with Karasem.

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Thomas it is not Alelantian is Alevian Cheeky/Razz
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Re: La Giornale

Post by Forsma on 6th March 2011, 17:44

MiguelLeal wrote:There are Natural Gas reserves in north mediterranean sea? :scratch:
No there aren't. Cattala is trying to built a new terminal for gas importing from other nations.
CMIIW. Wink
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Re: La Giornale

Post by Thomas on 6th March 2011, 18:08

Karasem: The natural gas deal is being run by Petrogal, so any deals about supplying LNG will need to be raised with Petrogal.

And Dryan is correct in stating that it is a terminal, so the LNG is transported to Cattala and then fed into the national grid from the terminal.

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Re: La Giornale

Post by hiigarar on 6th March 2011, 18:17

Hiigara will support this and hope that this will creat a easier and cheaper Gas for all.
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Re: La Giornale

Post by Thomas on 22nd March 2011, 19:25


Inflation sharply rises as fuel prices soar
Feared fuel and food spike has crippled Cattala's economic growth

The rate of inflation has hit the highest level for more than four years today as the price of fuel and food continued to rise throughout February and March. Newly-released figures show that the CPI rate of inflation has now reached 4%, which is another 0.6% rise. The Bank of Cattala has a target rate of 3% for this fiscal year, which is now incredibly unlikely to be reached before 2012, when it is meant to be at 2%. The IMF and analysts have once again stated that the economic growth of Cattala is now under "grave threat" if inflation rises above 4%, and the spike in fuel prices is expected to further push the rate upwards before the end of the financial year.
The Bank of Cattala is now under intensive pressure from businesses, consumers and economists alike to raise the interest rate from the historic low of 0.75%, which it has remained at for over a year. Analysts at Pearl&Westwood said last month that the economy would face "major new barriers" if the inflation rate reached 4%, and have now said that growth will continue to be "depleted" for the rest of the year. "If fuel prices remain above £1 a litre, then the growth rate of the Cattalian economy faces severe problems over the next six months. The sharp rise in oil prices, alongside a spike in food costs, were probably the biggest threat to the economy, and now that they have both occurred simultaneously, we will probably see growth shrink to a near-zero level for this next quarter. The predicted 0.6% is highly unlikely to be met, unless the industrial sector receives a massive boost from the recent tax reforms."
The Bank of Cattala's Monetary Committee meets again in a couple of weeks time for their next interest rate decision, and the Regal Government's next Fiscal Committee session is also meeting in April. No doubt inflation will be very high up the agenda.

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Re: La Giornale

Post by Thomas on 7th April 2011, 20:18


Interest rates held at 0.75%
Internal opposition continues to grow as the IMF's predictions are proved wrong

At the start of the year, Cattala was given a rosy economic outlook. Since then, rampant inflation and a spike in the price of energy has wiped out any economic growth during the final quarter of the financial year. The Bank of Cattala, which has kept the power to change interest rates despite the move to introduce the Ainero, once again kept Cattalian interest rates at a record low of 0.75%. The rate of inflation however, has continued to rise and economists believed that the bank would raise it's rates to counter the inflation problem. News of the decision came as the UK also kept it's interest rates at a record low, but the Eurozone became the first major Western power to raise it's interest rates. The ECB raised it's rate to 1.25%, from it's previous rate of 1%. The Bank of Cattala, and Lord Monete, will be keeping a close eye on Europe's growth rate and sovereign debt crisis as it now faces further upheaval thanks to higher borrowing costs and higher debt repayments.
Despite using the inflation spike as a reason for it's decisions, the Bank of Cattala has become increasingly unpopular, with a majority of business leaders in the Small Business Federation and the polled electorate all supporting a rise in interest rates to curb the massive burden of food and fuel costs, which have remained above £1 a litre for the entire month of March. Economists have joined the small business owners and the public in calling for a rise in interest rates, with Pearl&Westwood telling La Giornale that another rise in inflation will cause more damage to the economy than a rise in interest rates. "The Bank of Cattala is running out of room to resist a rise", said a senior P&W analysts.

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