Financial News, Economic Education, Analysis

Several major automakers present at the Paris Motor said Thursday anticipate a stabilization of the European market in 2011 after a 2010 which will be characterized by declining sales, due to the end of scrapping.
The press days preceding the show opening on Saturday to the public, have delivered some key features of the [...]

The cost of borrowing in Ireland has reached a new record Tuesday after two rating agencies have warned that the notes attached to its sovereign debt might be lowered because of the cost of recapitalization of Anglo Irish Bank which risk to be revised upwards.
Ireland has all the trouble to convince markets that [...]

The action Latecoere jumped nearly 17% at the Paris Stock Exchange Monday in response to a newspaper article showing an interest group American Spirit Aerosystems to society.
Around 9:45, the title of the French aerospace equipment supplier progressed from 16.56% to 7.25 euros after a spike to 7.56 euros shortly after opening. The capitalization [...]

HSBC, Europe's largest bank, conducted Friday to a dramatic overhaul of its management team, replacing simultaneously the president, CEO and CFO, a triple appointment aimed at restoring its reputation, tarnished by the struggles of internal power.
Michael Geoghegan, the current CEO, will be replaced on 1 January by Stuart Gulliver, who headed up until [...]

The gross domestic product (GDP) of Ireland, against all expectations, fell 1.2% in the second quarter from the previous quarter, said the Central Office of Statistics Thursday.
This figure is a bad point for the Irish government that works to reassure investors about the country's economic health.
Economists were expecting a GDP growth [...]

The NYSE has ended in a disorganized Tuesday, the Dow Jones Industrial 30 taking 0.07% or 7.41 points at 10,761.03 after the Fed said Tuesday prepared to take other flexibilities.
The S & P-500, wider, lost 2.93 points, or 0.26%, to 1139.78.
The Nasdaq Composite fell on his side of 6.48 points (0.28%) [...]

Eleven banks operating in France were sentenced Monday to nearly 385 million euro fine for illegally coordinated their pricing on the processing of checks, has announced the Competition Authority.
These establishments have been punished "for having developed and applied in a concerted manner from January 2002 to July 2007 an interchange fee of 4.3 [...]

After moving up a large portion of the meeting, major European stock markets closed in negative territory Friday, hit by the unexpected fall in the morale of U.S. households in September, and rumors of financial difficulties of Ireland.
The Paris Bourse has yielded 0.38%, to 3722.02 points. For the week, the CAC 40 lost [...]

Japan will seek to justify intervention occurred Wednesday on the foreign exchange market by highlighting the damage caused by too much money on an economy mired in deflation, said Friday the Minister of Finance Yoshihiko Noda.
The first opportunity to do so will come perhaps as early as next week, when Prime Minister Naoto [...]

The national carrier of Abu Dhabi energy TAQA announced Wednesday it has purchased the participation of 81% of total concession of production of two blocks of Otter oilfield in the North Sea.
TAQA said in a statement that the agreement was signed by its subsidiary TAQA Bratan.
The average production of the Otter [...]