Moody's lowers rating of Egypt, negative outlook

Moody's said Monday it has lowered a notch sovereign rating of Egypt and be accompanied by a negative outlook, after the protests demanding the departure of head of state.
The rating is reduced to Ba2, partly due to a significant increase in political risk, says Moody's, which noted previously Egypt Ba1 with a stable [...]

Rise in quarterly earnings from Honeywell

Honeywell International reported Friday in an increase in its profits for the fourth quarter of 2010 and raised its forecast for 2011 due to higher demand for products produced by all its units.
The diversified industrial group, including the first manufacturer of avionics, posted a net profit of 369 million over the period, or [...]

Rising food prices is "inevitable"

Soaring commodity prices will ripple through the coming months on our food, warns the Agriculture Minister Bruno Le Maire.
The impact of rising agricultural commodity prices on food prices in the coming months is "inevitable," he said Thursday, January 27 the Minister of Agriculture Bruno Le Maire Channel-I TV. "We're trying to contain the increase [...]

In Davos, the heads of state and bosses at the bedside of a world "exhausted"

European sovereign debt, rising inflation, the spectrum of a war of currencies, volatility of commodity prices: the Heads of State and the bosses will be spoiled for choice of subjects to discuss the crisis at forum Davos, which opens Wednesday in Switzerland.
More than thirty heads of state, some 1,400 CEOs and presidents of [...]

McDonald's will raise prices amid rising costs

McDonald's said Monday it would raise the price of its menus so this year targeted to offset the expected increase its food bill.
The world's leading fast food has also reported sales below expectations in December in U.S. and European restaurants open for more than a year due to bad weather, and with the [...]

The industrial morale has improved significantly in January

According to business leaders, industry conditions improved markedly. Order books, long empty, replenishing itself. A worker at the assembly plant Alstom TGV Reichshoffen.
The morale of French industrialists continued to climb in January, with a sharp jump of six points from the previous month to 108 points, announced Friday, January 21 the National Institute of [...]

Obama rolls out the red carpet for Hu Jintao

Despite a year marked by strong tensions between the two powers, the U.S. president receives his Chinese counterpart in style. President Barack Obama and his Chinese counterpart Hu Jintao to the White House January 19, 2011
The President of the United States Barack Obama rolled out the red carpet Wednesday for his Chinese counterpart Hu [...]

Tunisia is well positioned to prosper, according to an economist

The Tunisian economy, once freed from the grip legally sprawling clan Ben Ali, has everything it needs to thrive, says an economist for the country.
Cheikhrouhou Moncef, who had to sell his shares in media group home to a relative of President Zine el Abidine Ben Ali and exiled in 2000, provides that a [...]

The "economic turnaround" Marine Le Pen Question

Marine Le Pen from favorite to succeed his father as head of the National Front, at the Congress to be held this weekend. It focuses on the credibility of the FN to combat the economic crisis. But his ideas remain unclear … Analysis. The National Front there an economic program?
Marine Le Pen, who is [...]

Fiat does not have an entry of Ferrari Award

Fiat does not have an IPO for its subsidiary Ferrari, said Friday the managing director of the Italian manufacturer of sports cars, adding that the Prancing Horse company in 2011 expected growth of the order of that of 2010.
The Fiat group, which has further increased its stake in Chrysler had said earlier to [...]