More than three days to hunt for bargains: the winter sales started January 6 will be completed February 9. According to a survey by the Chamber of Commerce and Industry of Paris (CCIP), 53% of Parisian merchants expressed disappointment with these balances. For 55% of them, "the result of these items is lower than [...]
Feb
9
Industries French armaments are ironed on the offensive abroad. In 2009, they exported nearly 8 billion euros of military equipment (up 31% over 2008), returning to levels of 2000. Followed closely behind by Israel and the United States, Britain and Russia, France wants to reclaim its rank as third largest exporter of military equipment, [...]
Jan
20
Budget Minister Eric Woerth announced Wednesday morning that the deficit would "7.9% of GDP in 2009 instead of 8.2% forecast, and in 2010 should be" around 8.2% " , thus confirming the details of Figaro.
"For the first time in 2009, the state will spend less in 2008 (…). In 2009, we have [...]
Jan
6
According to ADP, 84,000 jobs were lost in December. Economists were counting on 73,000 posts. Shortly after the opening (16 pm Paris time), the announcement of the ISM index for services for the month of December could change the game. The ISM index is expected at 50.5. As a reminder, industrial orders in the [...]
Jan
3
The San Francisco bank Wells Fargo has refunded just before Christmas 25 billion dollars which had been loaned by the U.S. state to avoid bankruptcy a year earlier. Freed of that debt, it can now overcome limitations on compensation imposed by the government institutions it has helped. Duly noted. From December 31, Wells Fargo [...]
Dec
18
The new center-right government led by Angela Merkel on Friday faces his first test since the elections. The Bundesrat, the upper house of Parliament, has to decide about 8.5 billion euros of tax cuts that Chancellor defends against all odds in 2010. However, it faces fierce opposition from various federal states led by his [...]
Dec
1
In presenting his 2010 budget to Parliament, Giorgos Papakonstantinou did not mince his words. The Greek finance minister said the "state of emergency we have a deficit of nearly 30 billion and a debt estimated at 300 billion euros," he said. The economy is close to insolvency and sow confusion in the eurozone weakened [...]
Nov
27
The CAC 40 rose 0.63% to 3808 points to 9.30. The record of the FOMC November 3 and 4 shows that members of the Monetary Policy Committee of the Federal Reserve are increasingly confident about the sustainability of the recovery in the United States. The leaders of the Fed provided a GDP of 2.5 [...]