In protest against the austerity plan of Prime Minister David Cameron, the public sector employees are mobilized en masse on Wednesday. A strike could be the "most important in a generation." Public transport could be very disturbed by work stoppages on Wednesday.
The British public sector employees are on strike on Wednesday against pension reforms, [...]
Nov
30
Oct
22
Progress has been made in the ongoing discussions on the sovereign debt crisis in the euro area even though the solutions remain to be found by next Wednesday, said Saturday night French President Nicolas Sarkozy.
"There is progress," he said on his arrival in Brussels where he will hold talks with German Chancellor Angela [...]
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
7
Fitch lowers ratings of Italy and Spain
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10 7th, 2011 |
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Friday Fitch downgraded the rating of Italy a notch and that of Spain in two, citing a worsening debt crisis in the euro area and the risk of fiscal slippage in both countries.
Note of Italy fell from AA-to A + and that of Spain AA + to AA-.The prospect of the two countries [...]
Oct
3
European shares fall in early trading Monday, as Asian markets, in markets dominated by new concerns about the Greek crisis and global growth.
At 9:15, the CAC 40 was down 2.92% at 2894.91 points, starting the last quarter backwards, after falling 25% in the third quarter, its largest quarterly decline since 2002.
Other [...]
Aug
12
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 [...]
Aug
3
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 [...]
Jun
27
Crude ends down in New York, Brent bounced
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06 27th, 2011 |
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The price of crude oil closed lower Monday in reaction to the decision of the IEA to make available 60 million barrels of oil stocks, amid economic uncertainty in the United States.
On the Nymex, the contract in August of U.S. crude (WTI) ended on a loss of 55 cents, or 0.6%, to 90.61 [...]
Jun
23
Wall Street finishes below its lowest by Greece
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06 23rd, 2011 |
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U.S. markets ended Thursday night in a disorganized, but far from their low of the day, the indices have erased much of their losses, even closing up for the Nasdaq after the announcement of an agreement in Greece.
Citing sources close to the situation, Reuters announced that evening, before the information is later confirmed [...]
Jun
18
France and Russia signed an agreement Friday in Moscow for the supply of two helicopter carrier Mistral manufactured by a consortium of predominantly French.
We do not know the price but decided, sources familiar with the matter had been quoted a price of around EUR 1.2 billion.
According to contract details received from [...]