Archive for the ‘Uncategorized’ Category

Tuesday, November 1st, 2011

In Milan, Intesa Sanpaolo sells 15.41% "This announcement is likely to penalize the performance of the banking sector, given the uncertainty it generates on the implementation of the Europe Agreement on Greek debt," say analysts at Natixis. Lionel Garden, head of institutional sales at Assya Capital, believes that ...

Saturday, October 29th, 2011

The French left the presidency of the European Central Bank on October 31. It gives way to the Italian Mario Draghi. Record of eight years of a presidency marked by the seal of the crisis. The mandate of Jean-Claude Trichet President of the ECB ended October 31, 2011 The ...

Caterpillar's earnings up 44% in Q3

Tuesday, October 25th, 2011

Caterpillar reported Monday a record turnover and a 44% jump in profit in the third quarter, well above analysts' expectations and showing a cautious optimism for 2012. The world's largest earth-moving machinery and equipment for the mining industry said to expect that its sales climbed 10% to 20% next ...

The EU is struggling to define its response to the crisis on the eve of the summit

Saturday, October 22nd, 2011

After two days of meetings of ministers in Brussels, the Europeans always struggled Saturday night, the eve of a double peak of the euro area and Twenty-Seven, to define a major response to the crisis of debt hit the continent in two years. More than ten hours of meetings ...

Extended to tax soda drinks with sweeteners

Thursday, October 13th, 2011

Extended the tax proposed by the Finance Committee of the Assembly would raise 250 million euros. More revenue for reducing the cost of agricultural labor. Tax soda drinks should also touch sweeteners. The government does not expand the new tax on soda beverages containing sweeteners such as the National ...

French growth would stall at year end

Monday, October 10th, 2011

French gross domestic product should be stable or, in the best case, register a slight increase later this year, according to the latest statistics from the Bank of France and INSEE. The Bank of France reiterated Monday its forecast of growth of 0.1% of the French economy in the ...

Wall Street has suffered from the pessimistic picture of the Fed

Wednesday, September 21st, 2011

Wall Street fell sharply Wednesday, investors have been stung by the bleak economic conditions compiled by the U.S. Federal Reserve even as it announced new measures to support the activity. The Dow Jones Industrial 30 yielded 2.49%, or 283.82 points at 11,124.84. The S & P-500, wider, lost 35.33 ...

The debt of Greece considered "out of control"

Thursday, September 1st, 2011

The recession exacerbated by the austerity measures threatens to increase deficits and reverse the effects of EU bailout. Result, the swelling of the debt would be out of control according to an official report published in Greece. Greece in the storm In a report released Wednesday, the new Budget ...

Spain is moving in the way of a golden rule on the deficit

Tuesday, August 30th, 2011

The Socialist government and the Popular Party (PP) opposition said Tuesday they have agreed to hold a parliamentary debate Friday on the amendment to cap the country's structural deficit to 0.4% of domestic product (GDP) over the duration of a cycle. The Spanish socialist government announced late last week ...

Credit Agricole above expectations despite Greece

Thursday, August 25th, 2011

Credit Agricole, which launched in late July a warning on its results because of the Greek debt crisis, said Thursday net profit above expectations in the second quarter, thanks to a load lower than initially announced on Greece . The French bank said in a statement it had a ...