Wall Street has been able to maintain its gains Friday and turned down at the end of a shortened session and low volumes, a strong commercial start of the period of Christmas and New year could not compensate all fears arising from the debt crisis in the euro area.
However, U.S. consumers flocked to [...]
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 , [...]
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 [...]
Rio Tinto launched a friendly offer of 578 million Canadian dollars (414 million) on the Hathor Exploration mining group, specializing in uranium exploration.
This could derail the hostile bid launched by Cameco Corp. of Hathor.
The Board of Hathor has recommended that shareholders accept the offer of Rio Tinto, which amounts to 4.15 [...]
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% [...]
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 [...]
The budget deficit in Ireland reached 20.4 billion euros in late August against 12.1 billion euros in August 2010, announced Friday the Irish Department of Finance.
Excluding a $ 10.6 billion paid for the Irish banks, the deficit was reduced by about two billion euros a year, the ministry said.
Tax revenues reached [...]
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 [...]
Macarthur Coal on Wednesday stressed its growth prospects and said to continue to seek a white knight to counter the hostile bid from ArcelorMittal and Peabody Energy, which pushed up the stock exchange.
ArcelorMittal, the world's largest steel and Peabody, the largest U.S. coal, offered 15.66 Australian dollars per share Macarthur, including dividend, about [...]
Vice President Joe Biden tried to reassure Beijing again on the strength of the U.S. economy by ensuring that Sunday the United States would never be in default.
"The United States has never been in default and will never be in default," said Biden in a speech to Sichuan in southern China.
China [...]