Wall Street opened sharply lower Tuesday, as expected by economists following the announcement of a virtually stagnant growth in Germany in the second quarter, fueling fears of a relapse of the global economy.
Confirmation of the AAA rating of the United States by Fitch, a strong statistical U.S. industrial production and a given property [...]
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 [...]
Credit derivatives and CDS (credit default swaps) are a poor instrument for measuring the risk to the debts of States, particularly rated and most liquid such as France, the United States or Germany, experts say Reuters poll.
Since the collapse of large U.S. investment bank Lehman Brothers in September 2008, CDS, hitherto limited to [...]
Risky assets should suffer the heaviest blows Monday at the opening of financial markets after the decision of Standard & Poor's to deprive the U.S. of the highest credit rating, the "triple A", say the professionals interviewed Saturday Reuters.
If they speak of "historic" or "serious decision", they caution that it is not a [...]
The governor of China's central bank urged Washington to take "concrete and responsible" to solve the budget crisis and stabilize the U.S. bond market Treasury.
Zhou Xiaochuan, in fact, judge that the uncertainty in the market for Treasuries is likely to affect the international monetary system and threatening global growth.
This is the [...]
Total amount to ten billion dollars (seven billion euros) of investment needed to develop the oil field north of Moho Bilondo off the coast of the Republic of Congo, said its CEO, Christophe de Margerie.
"The project Moho Bilondo North is the future of oil exploration by the year 2015-2017 in the Congo," said [...]
The new aid package to Greece indirect cost 15 billion euros to France, Francois Fillon said. Prime Minister Francois Fillon, surrounded by the Minister of Economy and Finance Baroin, and budget minister Valérie Pécresse, held a réunuion with government and parliamentarians on the new European plan for aid to Greece.
The new bailout of Greece [...]
Intel on Wednesday released the results exceeded expectations for the second quarter, making up his title in after-hours trading.
The world of microprocessors has published a turnover of 13.1 billion dollars (9.2 billion), representing an increase of 22% over the previous year.Analysts were expecting a turnover of 12.83 billion dollars, according to Thomson Reuters [...]
Consequence of the new wiretapping scandal, Rebekah Brooks resigned from his position as CEO of News International, British subsidiary of News Corp., said Friday the newspaper group.
The Director of the British branch of Rupert Murdoch has been tainted by the scandal of illegal telephone tapping carried out by News of the World, the [...]
The rating agency Moody's said Tuesday it had downgraded the rating of Ireland speculative grade, saying the country will probably need new official aid before it can again finance markets.
The debt of Ireland, which was rated Baa3, one notch is reduced and falls to Ba1, the highest rank in the speculative grade.The outlook [...]