Financial News, Economic Education, Analysis

The distributor of ready to wear women Etam Thursday reported a jump in operating profit in the first half, thanks to China, but also an increase in its debt.
The group identified the first six months of the year operating profit of 18.1 million euros, an increase of 175.7% over one year.In Europe, profit [...]

The Japanese company Astellas Pharma has announced a fall of 18.2% of its current quarterly earnings and sharply reduced its annual earnings forecast, to take into account the cost of a license extension and the impact of yen appreciation .
Astellas said it would again cut its earnings outlook after the publication of its [...]

European values rose again Tuesday, ending a five-week high, despite the announcement of a sluggish U.S. consumer morale, but below their highest of the day, as investors continued to anticipate an improvement conditions with some macroeconomic indicators and results of large groups considered encouraging.
In Paris the CAC 40 gained 0.83% to 3666.40 points, [...]

Carrefour said on Wednesday he did not buy certain products in paper group in Indonesia Asia Pulp and Paper (APP), for environmental issues.
On the eve of the decision, Greenpeace accused APP, a subsidiary of Sinar Mas, of wanting to destroy the Indonesian rainforest and called distributors, including Carrefour, to stop buying its products. [...]

Carrefour has launched the sale of its operations in Malaysia, Singapore and Thailand, we learn from several sources with direct knowledge of the case.
This could generate approximately 800 million euros in the French distributor.
Crossroads works with investment banks Goldman Sachs and UBS on the transaction, which should attract the interest of [...]

The manufacturing sector in the euro area in June recorded its slowest growth in four months, show the final results of the investigation Markit.
PMI final Markit purchasing managers stood at 55.6 in June, a level consistent with the flash estimate and slightly lower than the 55.8 for the month of May
It [...]

U.S. consumer confidence plunged in June after three consecutive months of increases, due to concerns related to the job market, according to the index of employers' organization the Conference Board released Tuesday.
This index thus amounted to 52.9 in June against 62.7 (revised from 63.3) in May
Analysts polled by Reuters expected at [...]

The G20 countries agreed Sunday to implement different solutions to find the path of sustainable growth and regulate their financial systems, and taking note of the uneven and fragile economic recovery in several of them.
Meeting in Toronto, the major industrial nations and big emerging economies have attempted to balance competing priorities with a [...]

Publicis expects organic growth above 3% in 2010, said Friday Chairman of its Executive Maurice Levy in an interview with Reuters on the sidelines of the festival "Cannes Lions".
He reported an acceleration of organic growth of Publicis in the second quarter compared to the first and perspectives become more favorable for the second [...]

The British finance minister George Osborne presented an austere budget, reducing spending and raising taxes, while announcing the establishment of a tax on banks to reduce the deficit.
The Chancellor of the Exchequer said that state spending would be reduced by approximately 25% over the next five years, while the VAT will be raised [...]