Archive for September, 2010

Banks less dependent on the ECB's liquidity

Thursday, September 30th, 2010

Banks in the euro area have greatly reduced their borrowing cash at the European Central Bank (ECB) during a key deadline Thursday, which confirms the gradual return to normal money markets and paves the way for a gradual disengagement of the ECB exceptional mechanisms implemented during the crisis. Analysts ...

Capital increase and new targets for Michelin

Tuesday, September 28th, 2010

Michelin announced Tuesday the launch of a capital increase of about 1.2 billion euros to finance large investments, and introduced new financial targets for the period 2010-2015. The world's largest tire, with Japan's Bridgestone said in a statement would bring its annual investment to about 1.6 billion euros in ...

European stock markets end in retreat, Paris lost 0.43%

Monday, September 27th, 2010

The European stock markets closed lower Monday, hit by the pharmaceutical industry. Trade was thin, pending economic indicators published in the week. For its part, the CAC-40 Paris Stock Exchange ended down 0.43% to 3766.16 points. A reversal of the trend, Pernod-Ricard won 1.85%, the title has ...

The growth of the French economy revised upwards

Friday, September 24th, 2010

The growth of the French economy is expected to exceed 1.5% to 2% in 2011 said Friday Prime Minister Francois Fillon after the announcement by INSEE an upward revision of growth in gross domestic product second quarter. The National Institute of Statistics reported Friday in an increase of 0.7% ...

RPT – Increase of 7.6% of U.S. sales of existing homes in August

Thursday, September 23rd, 2010

Sales of existing homes rose in August in the U.S. but less than expected by economists, said Thursday the National Association of Realtors (NAR). Housing sales rose 7.6% from July to 4.13 million units annualized. Economists polled by Reuters expected a 8.4% increase to 4.10 million. Resales in ...

Collection of 2.45 billion euros for the livret A and LDD

Tuesday, September 21st, 2010

The cumulative outstanding and the Livret A Booklet for Sustainable Development (LDD) increased from 2.45 billion euros in August, reaching a total of 259.5 billion for all the networks that ensure the distribution, announced Tuesday the Deposit. In the first eight months of the year, increasing the outstanding amount ...

Eric Daniels, CEO of Lloyds, will leave in a year

Monday, September 20th, 2010

British bank Lloyds Banking Group, partly nationalized during the crisis, announced Monday that its chief executive, Eric Daniels, will leave office within a year, making it the third senior sector leader in the United Kingdom to make public his departure in two weeks. Eric Daniels had been criticized by ...

Wall Street opens up with the results of Oracle and RIM

Friday, September 17th, 2010

Wall Street opened up, supported by better than expected quarterly publications released by Oracle and Research In Motion (RIM). A few minutes after opening, the Dow Jones industrial gained 30 0.31%, to 10,628.06 points, the S & P 500 is broader, 0.37%, to 1128.82 points and the Nasdaq Composite ...

Timothy Geithner talks tough on Chinese yuan

Thursday, September 16th, 2010

The U.S. Secretary of the Treasury, Timothy Geithner, has clamped down against the exchange rate policy of China, as too slow the yuan's appreciation, and said he would look for ways to encourage Beijing to act more quickly. In a statement issued Wednesday and prepared for U.S. lawmakers, who ...

Turkish growth reached 10.3% per annum in the second quarter

Tuesday, September 14th, 2010

The Turkish economy recorded a growth rate of 10.3% over one year in the second quarter, a slightly slower pace in the first three months of the year but who exceeds expectations and places Turkey among emerging markets the most dynamic. All 19 economists polled by Reuters expected a ...