Financial News, Economic Education, Analysis

Populist and protectionist measures in the developing world are likely to increase as nations will suffer the fallout from the crisis of sovereign debt in Europe and the economic slowdown in the U.S., said Thursday the president of the World Bank, Robert Zoellick.
Zoellick warned in an interview with Reuters that a new crisis [...]

Greek Prime Minister George Papandreou on Sunday chaired a cabinet meeting to decide which new austerity measures to ensure continued funding of a plan of international aid.
Inspectors from the International Monetary Fund and the European Union will hold a conference call Monday with Finance Minister Evangelos Venizelos to learn what steps will be [...]

French banks have agreed to exchange more than 90% of Greek bonds they currently hold in the second aid package to Greece decided in late July, said Friday the Minister of Economy, Baroin.
"We can say that we are, with respect to the positions of French banks that have positions in Greece, that one [...]

European shares have increased their relapse into closed Monday, recovering from lows of 2009, in a climate of growing concerns about the debt crisis and fears of euro fell back into recession in the United States.
The CAC 40 index ended down 4.73% at 2999.54 points, its lowest since July 10, 2009 (final closing) [...]

European shares were down Thursday at midday, hit by profit taking after rebounding the previous sessions, even if investors prefer to remain cautious on the eve of the release of U.S. employment figures for the month August.
European markets also suffer from renewed concerns about economic growth after the announcement of the first contraction [...]

Volvo Car, owned by Chinese Geely,'s objective is to sell 50,000 cars in China this year, against 30,000 in 2010, said Tuesday Richard Snijders, President and CEO of the distribution division of Volvo in China.
The CEO of Volvo Stefan Jacoby announced in February to invest more than $ 11 billion (7.6 billion euros) [...]

European shares retreated again Friday morning after a black day, weighed down by fears of a recession in the United States. The latest information. Traders at the New York Stock Exchange, August 18, 2011
11:17: The Greek GDP could shrink by more than 4.5% in 2011 against 3.8% expected, announced Friday the Greek finance minister, [...]

European shares fall to leave Friday after a sharp rebound, driven by financial stocks, a ban on short sales of these securities in four countries in the euro area, including France, apparently not released selling pressure.
Around 9:30, the CAC 40 index, which gained 2.89% Thursday, losing 1.65% to 3038.81 points after opening up [...]

Paris and Berlin have affirmed the commitment of Europe to implement rapid reform EFSF decided July 21, encouraged Italy and Spain to act, and stressed the important role of the ECB, a few hours of the opening of Asian markets.
The joint statement of the French Presidency and the German Chancellor, however, evokes not [...]

The slower growth is confirmed in both industry and services. Even slowdown across the euro area. Assembly line of Smart in Hambach
The growth in activity in France was down in July, slower growth is especially confirmed in the French service, according to the final estimate of the PMI index released Wednesday by the firm [...]