Financial News, Economic Education, Analysis

The results of resistance tests passed by 91 European banks confirm the overall resilience of the banking system of the European Union, said on Friday in a joint statement the European Commission, the European Central Bank and European bank regulators.
The results announced Friday by the Committee of European Banking Supervisors (CEBS) show that [...]

The Paris Bourse has picked lower Thursday in the opening exchanges in the wake of Wall Street affected by pessimistic about Fed Chairman Ben Bernanke on U.S. growth.
At 9:28, the CAC 40 was down 0.36% to 3481.19 points.
Rodamco Unibail-resistant, with a gain of 2.9%, largest increase in ACC after the announcement [...]

U.S. stocks open down sharply on Tuesday after disappointing quarterly results published judged by a number of big names from the coast.
In the first exchanges, the Dow Jones fell by 1.4% to 10,012.90 points while the Standard & Poor's 500 broad leaves 1.3% to 1057 points and the Nasdaq composite lost 1 7% [...]

Delta Air Lines, world's largest airline, announced Monday it had returned to profit in the second quarter, thanks to the resumption of international air traffic.
The group sees growth in its turnover due to economic recovery, after two difficult years for the airline industry faces a sharp decline in demand.
The company's net [...]

General Electric reported Friday a 16.1% increase in net income for the second quarter 2010, ending a run of nine consecutive quarters of declining results, the industry group that benefited from strong demand for equipment in the areas of health and energy.
The leaders of the U.S. giant, however, cautioned against some signs of [...]

Global growth will slow in the coming months, in the wake of China and the United States, because of austerity plans implemented in various countries, according to a Reuters poll.
However, several Asian countries, like India and South Korea, should yield better performance this year that envisioned a few months ago.
Ultimately, the [...]

Carrefour has launched the sale of its operations in Malaysia, Singapore and Thailand, we learn from several sources with direct knowledge of the case.
This could generate approximately 800 million euros in the French distributor.
Crossroads works with investment banks Goldman Sachs and UBS on the transaction, which should attract the interest of [...]

The manufacturing sector in the euro area in June recorded its slowest growth in four months, show the final results of the investigation Markit.
PMI final Markit purchasing managers stood at 55.6 in June, a level consistent with the flash estimate and slightly lower than the 55.8 for the month of May
It [...]

Publicis expects organic growth above 3% in 2010, said Friday Chairman of its Executive Maurice Levy in an interview with Reuters on the sidelines of the festival "Cannes Lions".
He reported an acceleration of organic growth of Publicis in the second quarter compared to the first and perspectives become more favorable for the second [...]

The British finance minister George Osborne presented an austere budget, reducing spending and raising taxes, while announcing the establishment of a tax on banks to reduce the deficit.
The Chancellor of the Exchequer said that state spending would be reduced by approximately 25% over the next five years, while the VAT will be raised [...]