Bond prices for copper and palladium, a shortage feared

Copper prices broke records Thursday for the second consecutive day, under the double impact of the falling dollar and fears of supply bottlenecks in 2011.
The price of palladium suffer the same phenomenon and near their highest in ten years, while silver hit a high of thirty years.
Analysts also suggest that funds [...]

Insurers fly to the rescue of retired civil servants

Groupama, CNP Assurances, AXA and Allianz, which manages Préfon, will inject hundreds of millions of euros for balancing the system. The latter, optional, ensures "lifetime" supplementary pensions for civil servants.
Insurers Groupama, CNP Assurances, AXA and Allianz, responsible financial management system for voluntary retirement savings Préfon officials, will have to inject "hundreds of millions of [...]

Wall Street opens lower after Chinese rate hike

Wall Street opened lower Monday in the wake of European stock exchanges, in reaction to the unexpected increase in Chinese interest rates, while activity was slowed by heavy snowfall in the United States.
A few minutes after the start of trading, the Dow Jones fell by 0.43% to 11,523.70 points, the Standard & Poor's [...]

Olympique Lyonnais made a flop with investors

The issuance of convertible bonds of the company that runs the football club Lyon was subscribed only 83%. And yet, for the most part, by existing shareholders.
The issuance by OL Groupe, which handles the football club Olympique Lyonnais, convertible bonds (Oceania), for approximately $ 24 million, has not met with expected success, has Thursday [...]

Household consumption rose 2.8% in November

The French household consumption of manufactured goods rose sharply, by 2.8% in November after falling 0.6% (revised) in October, still boosted by the scrapping car, show figures released Thursday by INSEE.
Eighteen economists surveyed by Reuters had forecast an average 0.8% increase in purchases of manufactured goods, with estimates ranging from +0.2% to +3.0%. [...]

France plans to borrow 184 billion euros in 2011

The borrowing has been revised slightly downward compared to 189.4 billion euros arrested in late September.
Finance Minister Christine Lagarde has stopped at 184 billion euros the amount of debt in the medium and long term that will be issued by France in 2011, slightly less than last year, announced on Tuesday by Agence France [...]

The Twenty-Seven show their unity in the face of crisis

The European Union leaders showed their unity on Thursday in the first day of the summit in Brussels in deciding a limited reform of the EU treaty to create a permanent mechanism for crisis management.
Continuing their discussions over dinner on more systemic responses to the crisis, they have however rejected for now any [...]

Honda Fit recalls 1.35 million for an electrical problem

The automaker Honda Motor will recall more than 1.35 million copies of its Fit city in the world to fix a power problem of the headlights.
This failure did not cause an accident to the attention of the builder, said a Honda spokesman in Tokyo.
Nearly 735,000 vehicles are involved in Japan, where [...]

Fed keeps rates, deemed insufficient recovery

The Federal Reserve said Tuesday that the economic recovery at work in the United States was still not strong enough to lead to lower unemployment, finding that leads to reaffirm its quantitative easing program.
Following its last meeting of the Monetary Policy Committee of the year, the Fed has once again kept the Fed [...]

Baroin defends the balance of the cell and deferred tax

The budget minister, Baroin, gave a very positive assessment of the tax regulation of cell closed a year ago. 4600 people have regularized their situation and one billion euros have been recovered.
Cell tax adjustment, closed a year ago, helped 4,600 people to regularize their situation, "said Minister of Budget, Baroin, in an interview with [...]