Archive for the ‘blog’ Category

The IMF estimates that Italy is on track

Wednesday, May 16th, 2012

The International Monetary Fund (IMF) on Wednesday called on Italy to continue its economic reforms to sustain growth, saying the country on track. Speaking after its annual review of the Italian economy, the head of the IMF European Department, Reza Moghadam, has shown strong support for the president ...

Winter temperatures weighed on Holcim

Wednesday, May 9th, 2012

Holcim has suggested Wednesday that he would again increase its prices, a severe winter in Europe charged on net profit in the first quarter. Sales of cement, concrete and asphalt decreased by double digit percentages in Europe and the net profit after minority interests stood at 10 million ...

Exxon and Rosneft signed a strategic partnership

Monday, April 16th, 2012

The Russian oil company Rosneft and his U.S. counterpart Exxon Mobil signed Monday a strategic partnership providing a major access to North American projects for Exxon and joint research in fields of the Russian Arctic. After almost a year of discussions, the CEO of Exxon Rex Tillerson has ...

Madrid will not need help its banks, confirms the EC

Wednesday, April 11th, 2012

The European Commission continues to believe that Spain would not need financial assistance from the euro area in order to recapitalize its banks Wednesday said a spokesman. Asked if the Commission felt that Madrid was always able to avoid stressing the currency bloc to preserve its banking sector, ...

Stanislas de Quercize Richemont appoints head of Cartier

Monday, March 26th, 2012

Richemont announced Monday the appointment of Stanislas de Quercize at the head of Cartier, replacing CEO Bernard Fornas, which reached 65. Stanislas de Quercize, joined Richemont in 1989, is currently the head of Van Cleef & Arpels after having officiated for Alfred Dunhill and Montblanc brands. He will take ...

European shares fall in mid-session

Friday, March 23rd, 2012

Global equity markets are reluctant Friday, investors wondering about the prospects for growth. After a slight rebound in the morning after four sessions of consolidation, the main European stock markets are down in mid-session, while Wall Street is expected on a Note stable or slightly downward. In Paris, ...

0.4% increase in consumer prices in the U.S.

Friday, March 16th, 2012

The consumer prices rose 0.4% in February, their largest increase in ten months due to soaring gasoline prices, according to figures released Friday by the dice ; Department of Labour. The increase is in line with market expectations. In January, prices showed an increase of 0.2%. ...

G20 hopes to increase IMF resources in April

Sunday, February 26th, 2012

The G20 finance ministers pledge to do in April the stock of progress in strengthening the resources of the International Monetary Fund, have we learned from officials G20. At their next meeting in April, the G20 agreed to agree on a financial firewall around 2,000 billion dollars (1.487 ...

The EU is considering a postponement of the second aid package to Greece

Wednesday, February 15th, 2012

Officials from the euro area are studying how to delay or even all parts of the second aid package to Greece, if possible until after the election pre views for April, it was learned Wednesday from European sources. While the new aid package of € 130 billion is ...

Coca-Cola beats consensus, plans to cut costs

Tuesday, February 7th, 2012

Coca-Cola released Tuesday quarterly net income down, although higher than expected, and announced a new program to reduce its costs, which pushed up the title of 1.3% in pre-market trading. Net income in the fourth quarter totaled $ 1.65 billion (1.25 billion euros), or 72 cents a share, ...