Even before that Dominique Strauss-Kahn announced his resignation Thursday morning, the United States, largest shareholder of International Monetary Fund (IMF), followed by China, had already thrown open the debate on selection of the replacement of the patron of the monetary institution. "Obviously Dominique Strauss-Kahn is unable to manage the IMF," said Tim Geithner on [...]
Apr
27
The effects of the global crisis will be felt on sustainable public finances in Europe. In 2010, the year of recovery for the European economy, the countries of the euro area show that more poor results in terms of criteria set by the European treaties (see graphic), according to figures released Tuesday by Eurostat. [...]
Apr
18
The government wants to regain control of the social terrain. Freezing gas prices, revaluation of kilometric scale, paying a premium for employees in companies that distribute dividends to their shareholders … These initiatives redo the executive to the forefront of French political concerns, those bearing on their purchasing power. "In crisis, we must take [...]
Apr
12
While eight months, the series Genzyme has monopolized the attention of the markets, traders should now look again more closely at the product portfolio of Sanofi-Aventis. After disappointing results in late January on a treatment (BSI-201) against a form of breast cancer, the pharmaceutical company said Tuesday that both positive clinical results on one [...]
Mar
20
Faced with the triple disaster (earthquake, tsunami, nuclear accident) that affects Japan, the Japanese government is studying the establishment of an emergency plan to help Island businesses to continue their activities , reported Saturday the Nikkei Newspaper. In total, the emergency budget specially created and distributed in the form of loans at low interest [...]
Mar
11
After Australia and New Zealand, the reinsurers would have gone well for this new disaster. Although it is too much to quantify the exact costs of the earthquake on Friday, the magnitude of the earthquake – 8.8 on the Richter scale, the most powerful ever recorded in the Archipelago, as well as 'expected arrival [...]
Feb
14
A quiet conference. This is what awaits Jean-Claude Mailly, secretary general of FP, this week in Montpellier. Without internal opposition, his record the last three years should not raise major criticisms. 'E do not expect an uphill fever, says Jean-Claude Mailly. We may have some comments on the fin breaks conventional or reform of [...]
Jan
7
The financial drama between Hermes and LVMH continues. On Thursday, the Financial Markets Authority (AMF) examines the claim of bid (OPA) transmitted by Hermes. The 16 members of the AMF Board will say, is this Thursday afternoon after the stock market, or Friday morning, a priori pre-market if they give their consent or not. [...]
Jan
5
Renault could be facing a case of industrial espionage. Three senior executives of the French automotive group were placed on "layoff conservatory, following a" whistleblowing "which led to an internal investigation into some of their actions, said AFP. "In late August 2010, a whistleblowing has been brought to the attention of the compliance committee [...]
Nov
13
After Greece, what will be the next country on the list of countries facing near bankruptcy? The question that plagued the markets in spring has returned to haunt investors in recent days. Their focus is now on Portugal and, especially, Ireland.
For both countries, market interest rates are so high they seem unsustainable, [...]