Norwegian Move Boosts Eurozone Bonds
Sunday, September 12, 2010 9:58
Eurozone bond markets were lifted significantly with one of the world’s biggest investors stepping up purchase of debt of the troubled peripheral economies of Greece, Portugal as well as Ireland in the second quarter.
The move by Norway’s sovereign wealth fund, the second biggest in the world with $450 billion of assets under management, is a sign of welcome for the eurozone markets after a volatile week.
However, according to some analysts, it is also warned that the bond markets of the weakest economies were still vulnerable amid the economic uncertainty and it is worried that one or more of them would default on their debt.
Metro bank may rise more capital in order to accelerate its branch openings in the UK. Investors in Metro include blue-chip fund managers like Fidelity, plus wealthy individuals, such as the Reuben brothers in the UK and the New York-based property developmer—Richard LeFrak.
In the European area, people are paying more attention to the issue of reuse, reduce and recycle under the education by the government. Local councils are investing more money on building up local recycling center or civil amenity sites for waste disposal and putting recycling skips into different area to make it more convenient for residence to recycle their household waste or business waste.


