The CAC 40 is testing the 3,000 points again

The CAC 40 index again tested the 3,000 points in early trading Tuesday.
At 9:33, the CAC 40 is 0.16% to 3004.63 points after passing briefly under the psychological barrier of 3,000 points.

Helsinki still requires collateral to help Athens

Finland would be irresponsible if it did not require collateral in exchange for his aid to Greece, said Friday its finance minister, Jutta Urpilainen.
"It would be completely irresponsible for the government. That's why it will not happen. The Social Democrats will not give up," she said at a gathering of the Social Democratic [...]

Ahold speeds up its share buybacks, second quarter hard

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 [...]

Wall Street opens sharply lower

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 [...]

Meeting of the Italian authorities on the financial crisis

The Italian authorities will meet Tuesday, it was learned from authoritative sources, to discuss the behavior of financial markets in relation to the country's sovereign debt, which threatens to cost refinancing unsustainable levels and cause a serious budgetary crisis.
The economy minister, Giulio Tremonti, should chair the meeting of the Financial Stability Committee, said [...]

To a last-minute agreement on the U.S. debt

The U.S. Congress was about on Sunday to reach a last-minute deal to raise the debt ceiling and prevent the world's largest economy a default.
"We are ready," he told CNN the leading Republican minority in the Senate, Mitch McConnell, who plays a key role in these talks.
Meanwhile, a senior White House [...]

DuPont raised its forecast after good second quarter

DuPont reported Thursday a second quarter earnings above expectations, thanks to robust sales in agriculture and chemistry, while raising its forecast earnings per share for 2011.
The U.S. chemical company posted net earnings of $ 1.22 billion, $ 1.29 per share, against $ 1.17 billion, $ 1.26 per share, a year earlier.
Excluding [...]

Air France-KLM affected by the Arab spring and Japan

Air France-KLM said Wednesday it posted a loss for the period April to June, while the activity of the Franco-Dutch airline was affected by the crises in Japan and the consequences of the "Arab spring" traffic.
Rising oil prices also weighed on the results of the group, which publishes the first quarterly results calibrated [...]

What Nicolas Sarkozy wrote to parliamentarians

For the first time a President sent a letter to MPs and senators. In the letter signed by him, Nicolas Sarkozy praised the European decisions on Greece and calls for hidden words the opposition to vote the golden rule budget. Nicolas Sarkozy sent a letter signed by him to Parliament to review the plan of [...]

Lisbon provides for a reduction in GDP of 2.3% this year

The Portuguese Government states that the country's gross domestic product will contract by 2.3% this year and 1.7% in 2012, as the country implements austerity measures required by the bailout of the EU and IMF.
The Minister of Finance, Vitor Gaspar, also told the press that Lisbon was preparing new spending cuts to ensure [...]