Teva’s net revenues have grown organically at a CAGR of 5.9% in fiscal 2010–2014. In 2014, revenues were flat year-over-year, coming in at $20,272 million.
Greece’s humanitarian crisis may be caused by 98% of the bailout funds being directed back to Greece’s lenders. Only 1.6% entered the real Greek economy.
As part of the bailout extension, Greek Finance Minister Yanis Varoufakis pledged to boost growth in the country.
In order to secure a four-month extension to its bailout loan, Greece (GREK) pledged to undertake certain reforms, including fiscal and structural measures.
Greece’s economic and structural reforms in its bailout extension are intended to bring about a compromise between Greece’s creditors and Greece’s government.
Europe-tracking ETFs gained significantly from February 19 to February 24, when the bailout extension to Greece was approved.
On Friday, February 20, Greece (GREK) managed to get an agreement with its Eurozone creditors for a four-month extension on its loan.
Germany rejected Greece’s request letter. According to a spokesman for Germany’s finance minister, the plea was “not a substantial proposal for a solution.”
Upon winning the election, Tsipras declared an end to the Troika era. The bailout extension implies that Greece will still be subject to the Troika.
Greece’s mounting debt has created fear of a new crisis. As a result, cash withdrawals in Greece have been escalating at a rate not seen since 2012.
Greece needs to focus on two key areas in order to destress its financial situation; namely, debt and deficit.
As part of Greece’s bailout program, the Troika imposed mandatory economic reforms or austerity measures to help Greece reduce its debt.
Greece is the most indebted country in Europe with a debt-to-gross domestic product ratio of 175%. Greece had to ask the Troika for a bailout extension.
Markets reacted positively to Greece’s bailout extension. Investors saw it as a good move to avoid drawn-out negotiations between Greece and the Eurozone.
In this series, we’ll explore Greece’s recent bailout extension granted by Eurozone ministers to see how it could impact your investments in the Eurozone.
Canada is the world’s fifth-largest oil producer. It produces about 6% of global energy supplies and ranks third in the world in proven oil reserves.
Growth in Canada is driven by exports, small and medium-sized business, and the high-tech sector. The US is, by far, Canada’s biggest trading partner.
One of the challenges facing the Canadian economy is a lack diversification. More than 70% of the TSX Composite Index is made up of only three sectors.
Canada’s strong economy and well-educated labor force are the key reasons why global companies have expanded their businesses in the country.
While its competitors have improved their cash positions, there has not been any improvement in China Eastern’s liquidity position.