The Press Release Resource

NASSUA- Analysts at Tortola Capital report that UAL Corporation, or better known as United Airlines has proven over 12 comprised Bloomberg analysts’ wrong coming in with a $0.20 a share increase than what was predicted. The second-quarter results for UAL were posted at $1.95, which compared to last year’s loss is something to cheer about. …

Google’s partial retreat from the Chinese market has evoked two predominant reactions: the Chinese government has condemned the act, and Chinese citizens have begun to worry about their access to foreign search engines. The roots of the conflict extend back more than two months ago, when Google, Inc. first expressed outrage at the Chinese restrictions …

Analysts from Tortola Capital report that the European Central Bank will announce that special lending to banks introduced during the financial crisis will be decreased, even though recovery from the recession is appearing to be weaker than initially hoped. Tortola analysts also report that as a result of Greece’s fiscal woes, the ECB will keep …

In Japan, the Toyota Prius remains the top selling car in spite of the recent struggles the company has faced with the global recall of defective automobiles. reports Tortola Capital. The hybrid model has sold more than 27,000 units in February, and has remained the best selling model for ten straight months. The success of …

Tortola Capital news analysts report that President Obama is set to propose a bill that will grant federal authorities the power to limit insurance rate increases. The move is part of an overhaul plan he will unveil on Monday in an effort to salvage his health care agenda. The proposal would give the federal Health …

Chinese lending institutions are subject to tighter controls on risk and borrowers’ credibility according to a new mandate by banking regulators, reports Tortola Capital. The government’s order comes as Beijing tries to prevent excessive lending that it says could lead to financial problems while ensuring adequate credit to keep the economic recovery on track. Chinese …

European finance ministers are piling up the pressure on Greece to fully implement budget cuts in order to avoid having to deliver on its pledge to support Athens. Tortola Capital Ventures analysts report that European leaders released a statement on Thursday saying Greece had to do everything it could to reduce its budget gap of …

Fears in Japan of a “double-dip” recession were assuaged by preliminary numbers on Monday that showed an annualized growth rate of 4.6 percent in the final quarter. Economists nevertheless anticipate that the growth rate will slow this year, and that China will overtake Japan as the second largest economy. Analysts from Tortola Capital report that …

Eastern Jiangsu province raised its monthly minimum wage rate 13 per cent to Rmb960 ($140) last week. It was the first time the region, which exports more than Brazil and South Africa combined, had been adjusted the rate in two years, reports Henry J. Marshall, President and CEO of Tortola Capital. The potential round of minimum …

Stock markets are pummeling amid concerns surrounding European budget deficits, China’s plans to curb economic growth, and proposals for regulatory changes in Washington. The fears aren’t as intense as in 2008, when the S&P 500 fell 38.5 percent. But January was the worst month for the market since it began its recovery last March, report …

Budget deficits in Greece and Portugal caused the euro to fall for the fourth straight day, as investors eying the currency shy away from buying the regions increasingly instable assets, say Tortola Capital analysts. The 16-nation currency approached an 11-month low against the yen as concern about sovereign risk remained elevated even as Group-of-Seven finance …

Toyota Motor Corp. is now in a difficult political situation as its executives prepare for congressional hearings later this month about the company’s massive safety recall. The Japanese auto maker is the main principle to General Motors Co., now majority-owned by the U.S. government. It also was a major beneficiary of last summer’s “cash for clunkers” …

Wall Street climbed higher yesterday due to positive manufacturing data and encouraging results from ExxonMobil helped to raise, reported analysts from Tortola Capital. The Institute for Supply Management’s index climbed to 58.4, indicating the highest level of manufacturing activity since August 2004. The S&P 500 closed 1.4 per cent higher at 1,089.19, the Dow Jones …

Analysts from Tortola Capital report that the Treasury Department expects to borrow $392 billion in the current quarter to help finance the largest annual budget deficit in history. The projection, however, is $86 billion lower than an estimate the department issued in November, when it expected to borrow $478 billion. The reduction is largely due …

America’s factories may help drive the economic recovery. Such hopes gained support Monday from reports that manufacturing activity grew in January to its strongest point since 2004. Other reports Monday offered a reminder that the recovery remains weak. Construction spending sank in December to its lowest level in more than six years. And gains in …

Heartening economic reports strengthened market performance Monday and lifted hopes that the recovery is in better shape than many had thought, reports Tortola Capital. The Dow Jones industrial average climbed 118 points after dropping for the last two days. Energy stocks raised the market higher following a strong earnings report from Exxon Mobil Corp. Gains …

President Barack Obama has asked for a 12 percent budget increase for the Securities and Exchange Commission, including $419 million for in excess of 100 new enforcement staff to work on the agency’s rising workload which targets fraud and market manipulation reports Tortola Capital. The budget increase is in response to institutional failures such as …

The Dow experienced its biggest drop of 2010 on Wednesday as U.S. stocks fell to fears that China’s curbs on lending might endanger the global economic recovery. IBM’s outlook ignited caution about the technology sector. The Dow Jones industrial average fell 122.28 points, or 1.14 percent, to end at 10,603.15. The Standard & Poor’s 500 …

The euro hit its five-month low against the dollar and sterling on Wednesday. Selling of the currency was rampant as it reached a decisive break under a key support level against its U.S. counterpart. The dollar rallied strongly, and was boosted as investors looked to the Massachusetts election of a Republican to the U.S. Senate …

The dollar climbed to a four-month high on Thursday while Asian share markets fell after China reported its vibrant fourth quarter growth. This reinforced fears that Beijing would take further policy measures to keep the economy from overheating. The dollar rose 0.19 percent against a basket of six major currencies to its highest value since …

China has started to pull in the reins on loans and liquidity to fend off inflationary pressures to prevent the world’s third-largest economy from overheating. These policy measures come amid the reporting of China’s fourth quarter GDP growth of over 10%. The moves have concerned international financial markets as China’s economy has largely led a …

The Chinese economy grew with double digit figures in the fourth quarter and a climb of 10.7% year-on-year, said a Tortola Capital senior analyst. But inflation is slowly increasing again and there are fears of the tiger economy overheating. Speculation in the stock and property markets, bolstered by 2009’s low interest loans and stimulus package, …

The Asian stock markets performed poorly as investors awaited news of the performance of major U.S. companies, reports the Tortola Capital Investment team. In Tokyo, the Nikkei 225 stock average dropped 36.30 points to 10,818.78, amid speculation that Japan Airlines would file for bankruptcy protection Tuesday. This concludes many months of conjecture about the airlines’ …

Could China be artificially boosting its exports by undervaluing it’s currency? According to analysts at Tortola Capital, this is exactly what is happening. This explanation has been backed by complaints from across the globe. The United States and other governments explain that part of China’s export success is based on currency controls and improper subsidies …

Analysts at Tortola Capital report that China is moving quickly to book loans for the new year. Chinese banks made about 600 billion yuan ($88 billion) in new loans in the first week of 2010, the Economic Information Daily reported on Monday. This surge in loans, nearly twice as much as the monthly average in …

China continues to dominate the global market, and Tortola Capital reports that the powerhouse in the East has de-throned the longstanding export champion from the West. Already the biggest auto market and steel maker, China edged past Germany in 2009 to become the top exporter. Total 2009 exports were more than $1.2 trillion, China’s customs …

Tortola Capital continues to monitor the global economy, and reports on a rough year for the US Economy, especially when compared to previous decades. Analysts report that there has been zero net job creation since December 1999. No previous decade going back to the 1940s had job growth of less than 20 percent. Economic output …

Tortola Capital reports on a mixed bag of Market Performance throughout Asia in 2009. While some countries reported high gains, others, such as Japan, are facing over a decade of losses. Japan’s markets have suffered their second ‘lost decade’ in a row. The Nikkei is 44.3% below where it stood at the end of 1999. …

Tortola Capital reports on the continued loosening of investment restrictions in China. The latest move is sure to have a big effect on the global economy, predicts Clayton Emerson, VP of Business Development at Tortola Capital. Last week, China’s insurance regulator announced that insurance companies can now buy triple-A-rated nonguaranteed bonds on the domestic interbank …

China continues to exceed global growth expectations, Tortola Capital analysts explain. Just this week, it was announced that China had overtaken Germany as the largest global exporter. However, Tortola Capital analysts have observed signs of trade prowress in China for years; I 2007, China overtook Germany in 2007 as the third-largest economy and is expected …