Fitch three points reduces the credit classification of Ireland

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Fitch's enterprise declared the reduction of its credit classification to the Irish sovereign debts three levels so that he comes to Bbb + from a + so that he comes by that to above by three points over the classification not investment, and the enterprise said that the future consideration is  stable  .That is related to the rise of the costs of the banking sector restructuring and the repayment of the sovereign debts, while the future consideration remained  stable  because of what Ireland from a bundle of aids will get it she is estimated at the value of 85 billion euros from The European Union and the International Monetary Fund

Fitch three points reduces the credit classification of Ireland

The gold retreats

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The gold prices continued their retreat from high standard levels that she recorded earlier on Tuesday so that she comes with more than one percent to 1406.30 dollars to ounce ( the ounce ) with reaping the dealers of the profits after the ascension .
The decrease of the gold came in coincidence with the fall of prices other initial commodities under the retreat of the copper from high standard levels and the fall of the oil from the highest level in two years .
The gold reached in the immediate market 1411.10 dollars of ounce at 1542 GMT a retreating from 1422.85 dollars in last of the dealings in New York on Monday . He has risen earlier to the highest level at all at 1430.95 dollars .
Reuters

The gold retreats

The bankruptcy chases the weak economies by the euro

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The size of the central European intervention in the market is still not enough ( reuters - archive )

The American New York Times Newspaper said that a battle happens now that may define the fate of the euro .
At a time where is spent on it the European central is billions of dollars to consolidate the bond markets and protect the unified currency, the greatest financial enterprises and the caution funds seek to get rid of those bonds in a challenge to the bank that represents the force of the European monetary union .
The newspaper added that the war between both sides rises till that she comes perhaps to the inevitable end and she : the bankruptcy of Greece, Ireland or until Portugal .
She pointed out that the worry increased yesterday Tuesday after The European Union Ministers of Finance failed in the increase of the size of the emergency fund that Europe established with the cooperation with the International Monetary Fund .
He demanded the fund general manager Doumnik Strauss was Europe with taking wider measures to repel the danger that the speculators represent in the market .
The last since may and after Greece crisis exploded the European central bought 69 billion dollar of the Greek bonds and the bonds of the other governments in the euro region . Also he has pumped of billions of dollars in the weak bank system in Greece and Ireland indirectly . But the speculators continued to their attack .
After the stop of the investors about the purchase of the bonds last October the bank entered the market once again forcefully, and he bought two dollar billions from the debt most of it from the Irish and Portuguese bonds .
The bank didn't express until today the size of amount that he bought .
New York Times said that the bank didn't intervene yet to purchase Spanish or Italian bonds it is expected that the control over it is harder because of the growth of its size in the market .
She pointed out that the European central grants about

The bankruptcy chases the weak economies by the euro

LESSON FOR THIS WORKSHEET

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A profit and loss statement, also known as a P&L, or income statement, gives a measurement of the activity of a business over some period of time, including a month, quarter, or a year. 
The P&L is important, because it tells the profitability of a business  The profit and loss statements main items are revenue, expenses, and profit (or loss).
The basic format (template) is:

REVENUE
   - cost of goods sold
= GROSS PROFIT
   - operating expenses
= OPERATING INCOME
   +/- other income or expenses
= EARNINGS BEFORE TAXES
   - income taxes
= NET EARNINGS


DEFINITIONS:

REVENUE is compensation received for your product or services.

COST OF GOODS SOLD are the variable expenses related to the sale of your product.

OPERATING EXPENSES are fixed expenses, such as rent, and utilities.

OPERATING INCOME is profit after operating income.

EARNINGS BEFORE TAXES is income including other income and expenses, but before taxes.

INCOME TAXES are federal, state, and local taxes.

NET EARNINGS is the profit earned by the business, and it includes all expenses, including taxes.

LESSON FOR THIS WORKSHEET