Banco Santander has released Tuesday a net profit of 5.35 billion euros, down 35% as a result of new provisions for impairment of non-performing real estate assets. </ p> The largest bank in the euro area was the last of the Spanish banks to announce that it was setting aside capital to cover its exposure [...]
Nov
25
AT & T said Thursday it included in its accounts an exceptional charge of four billion dollars (3.0 billion) to cover the cost of a possible failure of his proposed takeover of T-Mobile, an operation whose outcome seems increasingly compromised.
The U.S. operator and Deutsche Telekom, parent company of T-Mobile, ensured continued efforts to [...]
Nov
19
The industrial new orders decreased by 3.1% in September from the previous month after rising 0.8% in August.
The commands in French industry, including export, fell sharply in September after several months of growth, even if they were up all over the third quarter, INSEE said on Friday. The industrial new orders (excluding transport equipment [...]
Nov
1
The gamble of George Papandreou destabilizes markets. A "no" to the Greeks in the referendum, which will probably take place in January, could force the country to default. And, ultimately, out of the euro area. The Greek Prime Minister George Papandreou.
The euro area has suddenly plunged into turmoil Tuesday after the surprise announcement of [...]
Oct
26
PSA Peugeot Citroen said Wednesday its intention to eliminate 3,500 jobs in Europe in 2012 as part of strengthening its cost savings.
The automaker said that 2,500 jobs would be lost in the structure functions, while the enrollment decline in production is estimated at 1,000 positions.
In addition 2,500 jobs will be cut [...]
Oct
21
The head of credit ratings of sovereign debt at Fitch Ratings said he was convinced that Spain and Italy were solvent but considered Friday that the two countries were potentially illiquid.
David Riley has also held that a creditor of last resort credible was necessary to Rome and Madrid, stressing that the European Central [...]
Oct
16
The French Finance Minister Baroin promised Saturday to the rest of the world that the Europeans would provide a response on October 23 "critical" to the debt crisis. The French Minister of Economy Baroin chaired the G20 finance 14 to 15 October in Paris
Europe is the threshold of a decisive week that will culminate [...]
Oct
14
France and Germany "on contractual" agreements on ways to resolve the debt crisis in the euro area, said Friday the French Minister of Economy Baroin after meeting with his German counterpart Wolfgang Schäuble and Nicolas Sarkozy at the Elysee Palace.
Both ministers, however, did not disclose the concrete modalities of this cooperation, referring implicitly [...]
Oct
13
Brussels wants a PAC greener and more just
admin |
business opportunity, corporations, facts, information, occupation |
10 13th, 2011 |
Comments Off
The European Commission intends to condition aid to some of the environmental and cap subsidies to make the CAP more just. A production of cabbage in Lithuania.
Brussels wants farmers to "go green". The European Commission proposed on Wednesday to condition part of the aid to respect for the environment, and to the Common Agricultural [...]
Sep
20
Wall Street opened on an uncertain note Tuesday in the wake of profit taking and as investors questioned whether the Fed will back a move to boost growth.
In early trade, the Dow was stable (0.04%) to 11,406 points.The Standard & Poor's also (-0.01%) to 1204 points while the Nasdaq composite fell by 0.1% [...]