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		<link>http://theitaliancollege.com/292/</link>
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		<pubDate>Thu, 01 Dec 2011 12:05:24 +0000</pubDate>
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		<description><![CDATA[The French car market resumed its decline in November after a slight rebound in the previous month, the disappearance of the delayed effects of scrappage scheme imposed in particular on sales of small cars. 
 The new car registrations fell 7.6% last month to 179,160 units, show statistics released Thursday by the Committee of French [...]]]></description>
			<content:encoded><![CDATA[<p>The French car market resumed its decline in November after a slight rebound in the previous month, the disappearance of the delayed effects of scrappage scheme imposed in particular on sales of small cars. </p>
<p> The new car registrations fell 7.6% last month to 179,160 units, show statistics released Thursday by the Committee of French Automobile Manufacturers (CCFA). </p>
<p> They were up 2.8% in October, thanks to commercial offers to individuals. </p>
<p> The figures quoted in the November raw data and working day adjusted, in November 2011 that counted as 20 working days in November 2010.</p>
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		<link>http://theitaliancollege.com/287/</link>
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		<pubDate>Sun, 20 Nov 2011 17:05:09 +0000</pubDate>
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		<description><![CDATA[The week ahead on Wall Street may well look more or less to the previous, combining volatility and nervousness, the crisis of European sovereign debt remaining in all minds. 
 This week has the distinction of being a shortened session on Thursday is a public holiday in the United States where we celebrate the Thanksgiving [...]]]></description>
			<content:encoded><![CDATA[<p>The week ahead on Wall Street may well look more or less to the previous, combining volatility and nervousness, the crisis of European sovereign debt remaining in all minds. </p>
<p> This week has the distinction of being a shortened session on Thursday is a public holiday in the United States where we celebrate the Thanksgiving holiday, which should result in reduced volumes. </p>
<p> The spotlight will be on Monday in Washington, where 12 members of the &quot;super-committee&quot; Parliamentary expected fiscal consolidation to make public their proposals Monday before the vote on November 23. </p>
<p> The latest negotiations skating at the risk of a new block.Now it supports more austerity measures, which may satisfy the investors. </p>
<p> A RALLY POSSIBLE? </p>
<p> The S &amp; P 500 yielded 3.8% over the last five session, ending the week Friday night&#39;s most mediocre in two months.</p>
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		<link>http://theitaliancollege.com/284/</link>
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		<pubDate>Sun, 13 Nov 2011 20:05:07 +0000</pubDate>
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		<description><![CDATA[Mario Monti, appointed Sunday evening to form the next Italian government has promised to conduct &#34;with a sense of urgency but with care&#34; consultations to establish the composition of his cabinet. 
 These will begin in the evening and will begin with interviews with the presidents of the Senate and the Chamber of Deputies, Gianfranco [...]]]></description>
			<content:encoded><![CDATA[<p>Mario Monti, appointed Sunday evening to form the next Italian government has promised to conduct &quot;with a sense of urgency but with care&quot; consultations to establish the composition of his cabinet. </p>
<p> These will begin in the evening and will begin with interviews with the presidents of the Senate and the Chamber of Deputies, Gianfranco Fini and Renato Schifano, sources said political sources. </p>
<p> In a brief speech following his nomination, Mario Monti said that Italy had &quot;overcome the challenge of redemption&quot; in a &quot;troubled European and global context.&quot; </p>
<p> &quot;The country must become a pillar of strength, not a weak link in the European Union that we were among the founders,&quot; said the former European Commissioner.</p>
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		<link>http://theitaliancollege.com/281/</link>
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		<pubDate>Wed, 02 Nov 2011 05:25:06 +0000</pubDate>
		<dc:creator>admin</dc:creator>
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		<description><![CDATA[The price of light crude ended down on Tuesday for the third straight session, affected by the renewed pessimism caused by the decision of the Greek Prime Minister to hold a referendum on the agreement European rescue of the country. 
 On the Nymex, the December contract on the U.S. light crude (WTI) ended on [...]]]></description>
			<content:encoded><![CDATA[<p>The price of light crude ended down on Tuesday for the third straight session, affected by the renewed pessimism caused by the decision of the Greek Prime Minister to hold a referendum on the agreement European rescue of the country. </p>
<p> On the Nymex, the December contract on the U.S. light crude (WTI) ended on a loss of a dollar, or 1.07% to 92.19 dollars a barrel. </p>
<p> Meanwhile, Brent yielded 0.33%, 0.3 dollar to 109.23 dollars. </p>
<p> The announcement of a further slowdown in manufacturing activity in China and the United States has accentuated the negative sentiment in the markets. and </p>
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		<title>The acquisition of Synovate weigh on Ipsos in Q4</title>
		<link>http://theitaliancollege.com/the-acquisition-of-synovate-weigh-on-ipsos-in-q4/</link>
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		<pubDate>Thu, 27 Oct 2011 02:25:08 +0000</pubDate>
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		<description><![CDATA[Ipsos said Wednesday that the purchase of Synovate, the market research arm of Aegis, would cost between one and two percentage points of growth over the last three months of 2011 and probably in the first quarter of 2012. 
 Research firm, which also reported a slowdown in activity in the third quarter, does not [...]]]></description>
			<content:encoded><![CDATA[<p>Ipsos said Wednesday that the purchase of Synovate, the market research arm of Aegis, would cost between one and two percentage points of growth over the last three months of 2011 and probably in the first quarter of 2012. </p>
<p> Research firm, which also reported a slowdown in activity in the third quarter, does not mention in its press release of a forecast growth in sales for 2011. </p>
<p> The group had said previously a target organic growth of over 6%. </p>
<p> &quot;However, this reduction in growth prospects do not undermine the objective of Ipsos &#8211; Synovate out &#8211; to reach a record operating margin of at least 11% in 2011,&quot; the company said in a statement .</p>
<p> Ipsos, which became the third largest global market research industry by closing early October the acquisition of Synovate, said that the activity of the new entity should return to a normal rhythm &quot;no later than summer 2012 &quot;. </p>
<p> The third quarter sales of Ipsos, Synovate out to be consolidated from 1 October 2011, was $ 287.6 million, up 5.4% at constant scope and exchange rates, while Analyst estimates ranged from 5.6% to 6.0%. </p>
<p> It reflects a slowdown after growth of 6.4% announced in the second quarter and increased 6.2% over the first three months of the year.</p>
<p> The first nine months of the year, organic growth stood at 6.0% for sales to 845.8 million euros. </p>
<p> &quot;The operating margin was up compared to the same period of 2010,&quot; said the company in a statement, without providing any figure indicated. </p>
<p> The French research company was particularly penalized in the third quarter by the slowdown in its business market research and advertising associated with a reduction in the number of client projects, Ipsos said. </p>
<p> Emerging economies, however, take the pace, with organic growth of 17% over nine months.</p>
<p> In its statement, the company said that the merger of the teams Synovate and Ipsos should be effective from January next year before the launch of a new integrated offering scheduled for February 15. </p>
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		<title>Papandreou Sarkozy would meet Friday</title>
		<link>http://theitaliancollege.com/papandreou-sarkozy-would-meet-friday/</link>
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		<pubDate>Thu, 29 Sep 2011 09:35:07 +0000</pubDate>
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		<description><![CDATA[Greek Prime Minister would meet with French President to discuss the plan to end the crisis in the euro area. Greek Prime Minister George Papandreou at the EU summit of June 23, 2011.
 Greek Prime Minister George Papandreou would meet with French President Nicolas Sarkozy in Paris on Friday to discuss the plan to end [...]]]></description>
			<content:encoded><![CDATA[<p>Greek Prime Minister would meet with French President to discuss the plan to end the crisis in the euro area. Greek Prime Minister George Papandreou at the EU summit of June 23, 2011.
<p> Greek Prime Minister George Papandreou would meet with French President Nicolas Sarkozy in Paris on Friday to discuss the plan to end the crisis, said on Thursday a source close to the case in Athens. France is one of the main funders of Greece, with Germany, which was Tuesday Papandreou, who met with Chancellor Angela Merkel. The Chancellor said it was awaiting the findings of the audit conducted by the troika of the country&#39;s creditors, representatives of the EU, the ECB and IMF, who arrived Thursday in Athens to whether there should or not renegotiate the terms of the second international aid plan decided on July 21 in Brussels by the euro area.</p>
<p> &quot;Should we renegotiate, or not renegotiate? We would prefer of course that the figures remain unchanged, but I can not predict (the outcome of) the troika,&quot; said German Chancellor Wednesday in an interview with Greek state television NET . &quot;We were obviously disappointed that apparently the numbers (the Greek budget deficit, Ed) in September were not as they should be. So we must wait and see what conclusions the troika arrives, the mission experts, what it tells us, &quot;said Merkel. </p>
<p> For its part, the French Minister of Economy, Baroin said Wednesday evening that there was &quot;no alternative&quot; to the background, being ratified in several countries in Europe. &quot;We have a plan&quot; and &quot;yes, France will continue to support the strategy of support&quot; to a partner in the euro area, saidBaroin to the public television channel France 2. &quot;This is the only strategy,&quot; he said. &quot;There is no alternative to the declination of the agreement of July 21&quot; and &quot;there is no alternative to the implementation&quot; of the European emergency fund, the EFSF, he said. </p>
<p> The plan, according to the French minister, will &quot;ensure and support measures over time and measures to prevent contagion in large countries such as Spain and Italy.&quot; The European Agreement of 21 July expanded the toolbox of EFSF, which was established in 2010 to help countries in financial difficulty.It provides support some 160 billion euros to Greece to avoid bankruptcy, and most importantly, for the first time, the involvement of private banks in the rescue process, which agreed to voluntarily participate in an exchange program bonds when they lose 21% of their implementation, to avoid losing everything in case of bankruptcy of the country. Heads of Mission of the troika comprising the three main creditors of the countries (EU, IMF and ECB) are scheduled to resume Thursday in Athens their audit of the accounts of Greece after almost a month break. </p>
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		<title>Ahold speeds up its share buybacks, second quarter hard</title>
		<link>http://theitaliancollege.com/ahold-speeds-up-its-share-buybacks-second-quarter-hard/</link>
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		<pubDate>Thu, 25 Aug 2011 18:25:08 +0000</pubDate>
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		<description><![CDATA[Ahold announced Thursday the acceleration of its share buyback program after posting profit below expectations in the second quarter, having trouble like other distributors to pass on rising costs in a sluggish economy for households. 
 The Dutch group, owner of the first supermarket chain in the Netherlands (Albert Heijn) while achieving 60% of its [...]]]></description>
			<content:encoded><![CDATA[<p>Ahold announced Thursday the acceleration of its share buyback program after posting profit below expectations in the second quarter, having trouble like other distributors to pass on rising costs in a sluggish economy for households. </p>
<p> The Dutch group, owner of the first supermarket chain in the Netherlands (Albert Heijn) while achieving 60% of its sales in the U.S. market, complete its share buyback program of one billion euros by March 2012, six months earlier than expected so.</p>
<p> Ahold, which has cash of over $ 2 billion, said the schedule change does not signal the abandonment of his hopes for acquisitions and has announced plans to export its format from the supermarket next year in Germany and possibly Belgium. </p>
<p> Around 8:15 GMT, Ahold lost 3.57% to 8.04 euros the Amsterdam Stock Exchange, while the Stoxx European retail sector yielded only 0.09%. </p>
<p> Operating earnings excluding items of the group fell 21% in the second quarter to 275 million euros, less than 309 million euros expected according to Reuters. </p>
<p> The weak dollar and restructuring costs have contributed to this including poor performance, said the group, which operates nearly three.000 stores in 12 countries. </p>
<p> In a context of rising fuel prices, stagnant wages and fear of an economic downturn, retailers have struggled to pass on price increases to consumers in Europe and America. </p>
<p> The Belgian group Delhaize, which also carries the bulk of its sales in the United States, also missed the consensus in the second quarter. The sales of Ahold, slightly better than expected, fell 3.5% to 6.87 billion euros.Market share increased in the United States and the Netherlands. </p>
<p> However, the turnover number of store in the United States was up 1.2% excluding fuel and the operating margin stood at 4.1%, slightly lower progressions that expected. </p>
<p> In contrast to the Netherlands, sales and operating margin, respectively up 2.6% and 6.2%, in line with expectations. </p>
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		<title>These bosses who pull the strings of the Chinese economy</title>
		<link>http://theitaliancollege.com/these-bosses-who-pull-the-strings-of-the-chinese-economy/</link>
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		<pubDate>Sat, 20 Aug 2011 01:35:08 +0000</pubDate>
		<dc:creator>admin</dc:creator>
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		<description><![CDATA[They are less media that Steve Jobs or Carlos Ghosn, but equally powerful. Overview, images, big names in the Chinese economy. By Lucille Caillaut
 1 / 10 
 Previous Previous Su Shulin PauseSuivant, 49, Sinopec Next
 2 / 10 
 Previous Previous PauseSuivant Jiang Jiemin, 55, China Petroleum Company Next
 3 / 10 
 Previous [...]]]></description>
			<content:encoded><![CDATA[<p>They are less media that Steve Jobs or Carlos Ghosn, but equally powerful. Overview, images, big names in the Chinese economy. By Lucille Caillaut
<p class="paginate"> 1 / 10 </p>
<p> Previous Previous Su Shulin PauseSuivant, 49, Sinopec Next
<p class="paginate"> 2 / 10 </p>
<p> Previous Previous PauseSuivant Jiang Jiemin, 55, China Petroleum Company Next
<p class="paginate"> 3 / 10 </p>
<p> Previous Previous PauseSuivant Ren Zhengfei, 67, Huawei Technologies Next
<p class="paginate"> 4 / 10 </p>
<p> Previous Previous PauseSuivant Hu Maoyuan, 60, Shanghai Automotive Industry Corp. Next Photo
<p class="paginate"> 5 / 10 </p>
<p> Previous Previous PauseSuivant Li Xiaolin, 49, China Power International Next
<p class="paginate"> 6 / 10 </p>
<p> Previous Previous PauseSuivant Wang Xiaochu, 53, China Telecom Corp.Next Photo
<p class="paginate"> 7 / 10 </p>
<p> Previous Previous PauseSuivant Robin Li, 49, Baidu Next
<p class="paginate"> 8 / 10 </p>
<p> Previous Previous PauseSuivant Gao Xiqing, 57, China Investment Corp. Next Photo
<p class="paginate"> 9 / 10 </p>
<p> Previous Previous PauseSuivant Jiang Jianqing, 58, Industrial &amp; Commercial Bank of China Next
<p class="paginate"> 10 / 10 </p>
<p> Previous Previous PauseSuivant Liu Zhenya, 59, State Grid Corporation Next</p>
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		<title>BofA sells its credit cards in Europe and Canada</title>
		<link>http://theitaliancollege.com/bofa-sells-its-credit-cards-in-europe-and-canada/</link>
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		<pubDate>Mon, 15 Aug 2011 14:55:06 +0000</pubDate>
		<dc:creator>admin</dc:creator>
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		<description><![CDATA[Bank of America announced Monday the sale of its credit cards in Britain, Ireland and Canada. 
 In Canada, the U.S. bank has an agreement with TD Bank Group on a portfolio of $ 8.6 billion, according to a statement released Monday, however, reveals that the amount of the transaction. 
 TD Group said it [...]]]></description>
			<content:encoded><![CDATA[<p>Bank of America announced Monday the sale of its credit cards in Britain, Ireland and Canada. </p>
<p> In Canada, the U.S. bank has an agreement with TD Bank Group on a portfolio of $ 8.6 billion, according to a statement released Monday, however, reveals that the amount of the transaction. </p>
<p> TD Group said it would pay a &quot;modest premium&quot; of the approximately 1.8 million customer accounts at Bank of America again. </p>
<p> Bank of America also announced the sale of its credit cards in Spain in the private equity fund Apollo Capital Management.</p>
<p> The first U.S. bank seeking to strengthen its capital reserves as it faces several legal disputes inherited from the takeover of the mortgage company Countrywide. </p>
<p> Bank of America, which has lost more than 22 billion dollars over the last four quarters in its mortgage business, was announced in late June have resolved almost all of a dispute relating to securities linked to mortgages from Countrywide, upon payment of $ 8.5 billion in cash. </p>
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		<title>The ECB and the G7 are trying to calm markets</title>
		<link>http://theitaliancollege.com/the-ecb-and-the-g7-are-trying-to-calm-markets/</link>
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		<pubDate>Mon, 08 Aug 2011 14:05:11 +0000</pubDate>
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		<description><![CDATA[The financial managers of industrialized nations have stepped on Sunday and Monday news to reassure financial markets, frightened by the colossal debts of European countries and the United States. 
 Monday morning before the opening of the Tokyo Stock Exchange, the finance ministers and central bankers from the G7 issued a statement in which they [...]]]></description>
			<content:encoded><![CDATA[<p>The financial managers of industrialized nations have stepped on Sunday and Monday news to reassure financial markets, frightened by the colossal debts of European countries and the United States. </p>
<p> Monday morning before the opening of the Tokyo Stock Exchange, the finance ministers and central bankers from the G7 issued a statement in which they pledged to take &quot;all necessary measures&quot; to support financial stability and growth. </p>
<p> They say they are determined to act whenever necessary, to ensure liquidity and support the smooth functioning of markets, financial stability and growth.</p>
<p> They reaffirm &quot;our common interest in the international financial system and our strong and stable support for the exchange rate determined by the market&quot; and stressed that excessive volatility and disorderly movements in exchange rates has negative implications for economic stability and financial. </p>
<p> Previously, the European Central Bank (ECB) announced &quot;actively implement&quot; the bond buyback program to try to stem the debt crisis that has shaken the euro area and threatened to spread Spanish and Italian economies.</p>
<p> Monday before a day of crucial markets, the European financial institution did not specify the countries concerned by this acquisition debt but every indication that this may be obligations of Spain and the Italy. </p>
<p> In a statement issued after a conference call late Sunday, the ECB urged Rome to Madrid and set up as quickly as possible measures of fiscal consolidation recently announced by both countries to try to reassure markets . </p>
<p> &quot;On the basis of these estimates that the ECB will implement an active program of redemption of bonds,&quot; wrote the ECB.</p>
<p> The absence of bond buyback of Italy and Spain by the ECB to ease prices has been particularly punished by the markets that have seen the sign of internal divisions harmful. </p>
<p> Markets expect the ECB to see begin on Monday the purchase of government bonds in both countries to stabilize their prices.Interest rates in Italy and Spain in recent days jumped to their highest levels in 14 years. </p>
<p> Monday morning, the IMF praised the response of the ECB and the G7. </p>
<p> BERLIN AND PARIS PRESS </p>
<p> In a joint statement issued Sunday a few hours before the end of the ECB meeting, French President Nicolas Sarkozy and German Chancellor Angela Merkel stressed that &quot;a rapid implementation and complete the measures announced is essential to restore confidence markets.&quot; </p>
<p> According to South Korea, a conference call Sunday morning brought together financial officials of the G20, which groups the world&#39;s major economies, to discuss the situation caused by tension on the debt in the euro area and lower by Standard &amp; Poor&#39;s sovereign rating of the United States. </p>
<p> The G20 and the European Central Bank have been active behind the scenes to assess the consequences of the debt crisis on both sides of the Atlantic, shaking financial markets and fears of a relapse of Western countries into recession . </p>
<p> After heavy turbulence in global financial markets, which have lost about 2.500 billion dollars over the past week, European and American leaders find themselves again forced to reassure investors about the ability and determination of their countries to reduce deficits and public debts. </p>
<p> PANIC IN THE GULF AND ISRAEL </p>
<p> Saudi Stock Exchange, the largest in the Arab world, has faltered on Saturday, falling from 5.5% to a low of five months before showing a small increase of 0.08% at the end of Sunday. </p>
<p> But it was in Tel Aviv that the decline was most pronounced with a fall of 6.99% recorded by the TA-25 index in Israel.The TA-100, wider, has meanwhile shrunk by 7.2%. </p>
<p> An extension of the crisis in Italy or Spain, after the bailouts granted to Greece, Ireland and Portugal, in the eyes of observers would require a strong increase in lending capacity of EFSF, equipped for time of 440 billion euros. </p>
<p> Quoted by the weekly Der Spiegel, the German government experts doubt that Italy could be re-floated by the EFSF even if the fund saw its capacity threefold, because the needs of Rome are in their too great. </p>
<p> United States, the lowering of the sovereign rating has been denounced by the Treasury, which held that the rating agency &quot;forgot&quot; 2000 billion in budget savings in its calculations.</p>
<p> In Washington, an economic adviser to the White House deplored the decision by S &amp; P to degrade the rating of U.S. debt from AAA to AA +, which could ultimately affect all markets by increasing the cost of borrowing and undermining the prospect of sustainable recovery. </p>
<p> Asian allies of the United States, Japan and South Korea have renewed their confidence in U.S. Treasury bills, may lose value. </p>
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