European banks have passed the tests of strength by Moody's. The rating agency has increased the stress tests to thirty European banks from ten countries and has concluded they have a level of capital sufficient to take further losses. The concerns related in particular to the ability of these institutions to cover potential losses [...]
Jun
11
The European Union wants to install 2011's proactive monitoring of national budgets and impose penalties if necessary on all of his aides – including agriculture – as well-placed European sources. And France should submit its draft budget law in 2012 in Brussels next spring.
The Barroso Commission and the Council President Herman Van [...]
Jun
9
On Tuesday morning, the euro symbol still under $ 1.2 preprend but a little and gold is more than 10 points of its record high of 1,238 dollars an ounce. The CAC 40 ended the session just above 3400 points, down 1.21%, the benchmark index of Paris opened up slightly in the wake of [...]
Jun
7
Back to basics for Lakshmi Mittal. The Chairman of ArcelorMittal, the fifth World Fortune has signed a Memorandum of Understanding for the construction of a steel plant in India, Karnataka State, south of the country. A mammoth project with an annual capacity of six million tonnes which would require more than 5 billion euros [...]
Jun
4
The U.S. stock markets open on a negative note on Friday. The Dow Jones moves in the first trade down 1.5% at 10,099 points, the Nasdaq 1.8% at 2261 points and the S & P by 0.7% to 1084 points /
On Thursday, after a meeting very nervous, Wall Street has ended on [...]
Jun
1
Change of era at the head of the galaxy Auchan. At 65, Christophe Dubrulle, chief executive of Yankee distributor since 1996, announced Wednesday his retirement. The current chairman of the supervisory board, Vianney Mulliez, succeeds him. A "non-Mulliez" therefore gives way to a Mulliez, cousin of Gerard Mulliez, founder of the now eleventh worldwide [...]