Societe Generale will meet the capital requirements of Basel III with its profits, the reallocation of capital and controlled growth, its CEO said Wednesday during a conference call with investors.
These remarks came as some investors believe that the French bank will go through a capital increase of several billion euros to meet these [...]
Walmart has made an offer Monday informally over four billion dollars for the purchase of South African wholesaler Massmart, reflecting the will of the world's largest distributor to expand in Africa.
Massmart, the third side of distribution in South Africa in terms of market capitalization, is one of the South African groups that present [...]
The European Commission on Friday expressed his doubts about the sustainability of the credit institution German Hypo Real Estate (HRE), while allowing time for a new aid of several billion euros.
Nationalized last year, Hypo Real was the main victim of the German credit crisis.
The EU executive now wants to see if [...]
Economic data suggest that Greece might exceed its target of GDP this year, said Thursday Finance Minister George Papaconstantinou.
"We are seeing some interesting and encouraging signs from economic indicators, which leads us to believe it is possible that we have this year a slightly better result than we had planned," he said, sidelines [...]
The industrial orders in the euro area fell more sharply than expected in July due to lower demand for capital goods and consumer durables.
According to figures released Wednesday by Eurostat, the controls for the 16 euro zone countries fell 2.4% in July compared to June, giving an increase of 11.2% over one year. [...]
International trade will grow at the historical rate of 13.5% this year, said Monday the World Trade Organization (WTO), which was banking on an earlier increase of 10%.
Not since 1950, first year of the statistical series, exports and imports had grown at such a scale.The increase is attributable in particular to China and [...]
The TFB could inject 3 billion euros in the post office and obtain in exchange a 25% stake in the public company, reported Le Figaro in its Saturday edition.
The newspaper said a meeting Thursday at Bercy between Economy Minister Christine Lagarde, the CEO of the Caisse des Depots Augustine Romanet and the chairman [...]
GDF Suez and the Italian electricity Acea announced Thursday it had reached a preliminary agreement about their association in electricity in Italy.
Under the agreement, GDF SUEZ will retain the majority of electricity generation capacity as well as all of trading of electricity, says the joint statement the two groups.
ACEA take responsibility [...]
Casino and Tesco are among the remaining candidates vying for the resumption of Carrefour stores in South-East, said on Wednesday sources close to the matter.
Carrefour wants to sell its stores in Malaysia, Singapore and Thailand to focus on markets where it is in a strong position.In Asia, it has already withdrawn from Japan [...]
TF1 will call for abolishing the tax to compensate for the elimination of advertising on France Televisions said CEO Nonce Paolini, in an interview published Tuesday in Les Echos.
He estimated that the elimination of advertising on the same day the operator chain public would be permanently postponed beyond the moratorium of two years [...]