Word: sectoral
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...work force; even ardent Euro-enthusiasts are loath to see their prime natural resource fall under the sway of the E.U.'s controversial Common Fisheries Policy (CFP). But while Reykjavik cannot expect an exemption, it could negotiate special protocols to take account of the importance of the fishing sector to the nation...
...earnings also beat expectations by a wide margin and the company offered encouraging guidance about the third quarter. The chipmaker's shares rose more than 7% Wednesday, putting the stock's rise so far this year at 25%. Intel's Wednesday move triggered a strong rally across the tech sector, which climbed more than 4%. Financial shares finally joined in on Goldman's good news from earlier in the week and rose 4.8%. By the market close Wednesday, every major market sector was in positive territory...
...itself is not a material issue for any of the large publicly traded life-insurance companies," says analyst Jeffrey Schuman, who follows that sector at investment bank Keefe Bruyette & Woods. "But these guys have taken a lot of hits, so we continue to watch their investment portfolios...
...China is awash in cash. Furthermore, having invested tens of billions of dollars in Iran's energy sector, China - a permanent member of the U.N. Security Council - looks almost certain to veto any new tough sanctions against the country. In contrast, in the U.S. and Europe, there are growing anxieties over Iran's nuclear program as well as outrage over last month's violence...
...this development of the free market through selling state-owned businesses, loosening regulations on foreign direct investment, and creating a plan to reduce the deficit. India achieved 6.7 percent growth this past fiscal year only on the back of intensive government spending by the previous Congress-led coalition. Public-sector spending provides a short-term stimulus, but a more open economy is necessary for sustainable growth...