Archive for the ‘tidings’ Category

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, ...

With Viterra, Glencore diversified into agribusiness

Tuesday, March 20th, 2012

Glencore, the world leader in commodities trading, and its partners Richardson and Agrium International, announced Tuesday the acquisition of specialist Canadian grain handling Viterra for 6.1 billion Canadian dollars (4.64 billion euros). Already in production and marketing of agricultural products, metals, minerals and oil, Glencore seeks to expand ...

Florange: new lock ArcelorMittal

Tuesday, March 13th, 2012

Tuesday morning, metallurgists to block access to the new administration buildings of the Florange ArcelorMittal plant in Mosel. Thirty workers wearing jumpers of the CFDT, CGT and FO have improvised a pyre outside the gates with straw bales and wooden pallets. The fight continues. Metalworkers block since 6:30 this ...

To a third plan to help Greece?

Monday, March 5th, 2012

Greece may need a third international aid plan of 50 billion euros in 2015, according to German weekly Der Spiegel published Sunday. The Parthenon in Greece. Greece may need a third international aid plan of 50 billion euros in 2015, says the German weekly Der Spiegel published Sunday. ...

Confessions of hard use ECB liquidity in France

Friday, March 2nd, 2012

Unlike many of their Italian and English counterparts, French banks are reluctant to disclose their participation in the second refinancing operation three years (LTRO) organized on Wednesday by the Bank Central Bank (ECB). This has lent almost 530 billion euros to banks, bringing to more than 1,000 billion ...

Alcatel-Lucent aims to compete with the best

Tuesday, February 21st, 2012

Alcatel-Lucent can now aspire to eventually reach the same level of profitability that the best class in the sector of telecom equipment, said its managing director Ben Verwaayen. This aspiration may seem ambitious for a group whose time some investors doubted the chances of survival and that has ...

The future of Greece in the hands of the Eurogroup

Monday, February 20th, 2012

Finance ministers from the euro zone must give the green light today to the payment of a loan of 130 billion euros to Greece to avoid going bankrupt. The Temple of Zeus in Athens. The partners of Greece in the euro area, which meet Monday, should agree on a ...

The "bulls" retain control this week on Wall Street

Sunday, February 12th, 2012

Despite weak corporate earnings and signs of an overbought market, the "bulls" (those who play upwards) may retain control over Wall Street next week. Since the opening of the "season" of results, 352 companies in the S & P 500 have published their accounts and only 63% beat ...

Greece: the far-right ministers resign

Friday, February 10th, 2012

Three of the four right-wing ministers and a Minister of the Socialist government of Lucas Papademos submitted their resignations in protest against the new austerity plan. Three of the four ministers of the Greek far-right party Laos opposing the new austerity measures demanded by the creditors of the countries presented ...