The HLM victims of financial products to high risk

Wednesday, September 1st, 2010

A portion of the housing agencies in France find themselves vulnerable after having used the toxic financial products like subprime to the tune of seven billion euros, wrote Wednesday's Tribune. The business daily quoted a report on the subject conducted by the Interministerial Mission for Social Housing inspection (Miilos). ...

The contraction of the Spanish GDP in 2009 revised to 3.7%

Wednesday, August 25th, 2010

Spain's economy shrank 3.7% in 2009, slightly more than initially (-3.6%), revised official data showed on Wednesday. The national statistics institute INE said the review by changing the balance of trade figures, which are now showing a fall of 11.6% -11.5% of exports cons previously announced, and a decline ...

The AC Delta disappoints, the stock drops

Monday, July 19th, 2010

The title Delta Air Lines, world's largest airline, plunged more than 9% Monday after the publication of a turnover that has disappointed investors. If the group announced it had returned to profit in the second quarter, thanks to the resumption of air traffic, its turnover has increased by 17% ...

European markets close an down, Paris lost 0.48%

Monday, July 5th, 2010

Major European stock markets closed lower Monday after a session marked by limited volumes due to the closure of Wall Street after the U.S. national holiday. The Paris Bourse ended were down 0.48% at 3332.46 points, while the FTSEurofirst index of leading European values closed at its lowest level ...

The G8 called upon to deliver on its promises of aid to Africa

Friday, June 25th, 2010

The U.S. and British officials have invited representatives of other major industrialized nations to honor their commitments in terms of development aid despite their tight budgetary situations. The Canadian chairmanship of the G8, which met Friday in Huntsville in a lake in the countryside 200 miles north of Toronto, ...

At trial Kerviel, Daniel Bouton recounts his strange dreams

Tuesday, June 22nd, 2010

5:12 p.m. For 20 minutes this are the lawyers for shareholders who have succeeded at the helm. They ask how Societe Generale could compensate its shareholders. Button, "unfortunately," says he can not do anything because it "is not responsible for everything, and certainly not that." As his doctors told ...

Christine Lagarde supports a tax on banks

Wednesday, March 24th, 2010

The economy minister, Christine Lagarde, expressed support Wednesday for the introduction in France of a tax on banks whose proceeds would be used in case of bankruptcy of a financial institution, more or less following the German example. Interviewed on Radio RMC whether she favored, Ms. Lagarde said: ...

Without help in Athens, Commissioner Olli Rehn fears for the euro

Wednesday, March 24th, 2010

It is necessary that the European Union decided this week with a device to aid Greece, otherwise it would cause difficulties for the euro, says European Commissioner for Monetary Affairs Olli Rehn in a press interview. "There are already technical preparations. Now we need a political decision. It is ...