Financial News, Economic Education, Analysis

The Abbé Pierre Foundation evaluates its 17th annual report to more than 3.6 million the number of inadequately housed or homeless, and more broadly to those 8 million affected by the housing crisis. The Abbé Pierre Foundation evaluates its 17th annual report to more than 3.6 million the number of inadequately housed or homeless, and [...]

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 [...]

Compagnie Financière Richemont said Friday expect a rise in operating income for the year after the publication of figures above analysts' expectations for the first half.
"In the second half, the impact on the luxury industry of the economic challenges the world faces and the high comparison base to which the measure group sales [...]

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, [...]

The President of the European Central Bank (ECB), Jean-Claude Trichet, said that the crisis of sovereign debt in Europe is not over and it is too early to estimate the lights returned to green.
In interviews granted to the German newspaper Bild am Sonntag, and French Le Monde, one that will yield the first [...]

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 [...]

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 remained under pressure Tuesday mid-day, the announcement of a near stagnation of the German economy in the second quarter fueling strong concerns about the global economy that have captured markets in recent weeks.
Around 11:45, the CAC 40 index lost 1.41% to 3193.35 points, breaking, like the other major indices, a series [...]

Singapore Airlines said Wednesday it has replaced a Rolls-Royce on one of its A380 after a failure occurred Tuesday.
Shortly after takeoff the aircraft from the airport of Singapore, the engine has stopped working, forcing the crew to turn back and return to land.
The Airbus was traveling to Hong Kong with 368 [...]

Allied Irish Banks (AIB) has suffered a first half underlying loss of 2.6 billion euros, due to an increase in the number of nonperforming loans.
The bank, however, think that 2011 will be the last year marked by heavy losses on the loans it has granted.
Old value of star Irish banking sector, [...]