Financial News, Economic Education, Analysis

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, [...]

The Japanese bank Mizuho will remove 3,000 jobs in response to the deteriorating economic climate marked by weak demand for credit and a difficult economic environment at the international level.
Mizuho Financial Group announced the elimination of these positions, which represent about 5% of its workforce, by March 2016 in connection with the merger [...]

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 [...]

The European Commission intends to condition aid to some of the environmental and cap subsidies to make the CAP more just. A production of cabbage in Lithuania.
Brussels wants farmers to "go green". The European Commission proposed on Wednesday to condition part of the aid to respect for the environment, and to the Common Agricultural [...]

The leader of the ultra-liberal Freedom and Solidarity (SaS) is threatening not to support the strengthening of the European Financial Stability Fund (EFSF). Slovakia is the latest European country to not voting the text. Slovak Prime Minister Iveta Radicova and the president of Freedom and Solidarity Movement (SaS) Richard Sulik in negotiations for el parliamentary [...]

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 [...]

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 [...]

Several European suppliers of the Swedish Saab intend to apply for bankruptcy, hoping that this threat will grow the group, faced with severe budgetary difficulties, to settle its debts to them, their association said on Wednesday.
Vehicle production is interrupted in April at Saab, suppliers refusing to deliver more parts until they have been [...]

The agreement to increase the ceiling for public debt of the United States is at best a slight relief for a U.S. economy that has virtually stagnated in the first half and shows little sign of improvement.
Barack Obama announced late Sunday night that the Democratic and Republican leaders had agreed in extremis on [...]

SGS, the world leader in monitoring and inspection, announced Friday a lower than expected performance in the first half of 2011, coupled with a concern about margins.
If the group expects to Geneva this year strong growth in sales about 10%, it expects operating margins but slightly lower at constant exchange rates.
The [...]