Financial News, Economic Education, Analysis

U.S. stocks ended sharply lower Thursday as investors showed particularly nervous after the downward crossing of an important threshold for the S & P.
The Dow Jones lost 1.13% or 134.86 points at 11,770.73 points, while the Standard & Poor's 500, the reference fund managers, gave up 1.68% or 20.78 points to 1,216 , [...]

The German government's economic advisers believe that the European Central Bank (ECB) is likely to lose credibility by buying government bonds heavily indebted.
"The bond purchase program dismantles market discipline without establishing a discipline policy in place," write the "Wise Men" German in a report released Wednesday.
Blurring the fiscal and monetary policies, [...]

BNP Paribas, Societe Generale, Credit Agricole and BPCE on the list of large systemic banks that will be published Friday by the Financial Stability Board (FSB), said Nicolas Sarkozy, closing the G20 summit in Cannes.
The CSF must publish a list of 29 banks that need to raise capital and be subject to more [...]

A cabinet meeting will be held tonight to accept the austerity measures agreed at the Summit of the rescue of the euro on October 28 in Brussels. The Italian prime minister Silvio Berlusconi at the European Summit of October 23, 2011
The Italian government said Wednesday in a statement the convening of an extraordinary cabinet [...]

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 [...]

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 [...]

LVMH has maintained the pace of a very strong organic growth in the third quarter, despite the vagaries of the global economy and fears of slowing demand for luxury goods in mature markets.
The turnover of the world's number one industry, owner of Louis Vuitton leather goods, Hennessy cognac and Christian Dior perfumes, rose [...]

European values ​​have come down sharply Tuesday for the third straight session, closing with a lowest close in 26 months, fear of failure to Greece making only grow with each passing day.
The pan-European FTSEurofirst 300 index yielded 2.68 and the Eurostoxx 50 was unscrewed from 2.21%. In Paris the CAC 40 ended down [...]

The Portuguese prime minister said Wednesday that his country would be vulnerable if a member country of the euro area was defaulting on its debt.
"I do not want a country will default but if it happens, obviously (…), we would be vulnerable to an event of this nature," said Pedro Passos Coelho to [...]

German Chancellor wants to avoid non-payment of Athens, which may affect other European countries. German Chancellor Angela Merkel (Blegrade by August 23, 2011)
German Chancellor Angela Merkel said Tuesday that it was necessary "to avoid any uncontrolled process in the euro area", referring to a bankruptcy of Greece as it is discussed with emphasis in [...]