Wall Street ends sharply higher

The NYSE closed up 1.66% Friday, the Dow Jones Industrial 30 165.52 points to 10,151.33 win points.
The S & P 500 is broader, took 17.39 points, or 1.66% to 1064.61 points.
The Nasdaq Composite Index advanced 34.94 points for his side (1.65%) to 2153.63 points.
These data are likely to vary [...]

Towards a slow recovery cycle for French property

The interim results of French property has been marked by a slight overall decline in rental income in a consumer environment "soft" and wait for business.
The leaders and industry experts believe, however, after two years of falls, rents in prime (good quality and well placed) are stabilizing.
However, in the absence of [...]

Puma renounces its goal of pretax profit

Puma has waived its annual forecast of taxable income due to the potential cost of litigation in Spain, after posting interim results below expectations.
During a conference call, Jochen Zeitz's chief executive, said that "it would not be prudent" to maintain its pre-tax profit target given the potential costs associated with the lawsuit brought [...]

Singapore Airlines believes in the continued recovery

Singapore Airlines, world's second largest airline by market value, said that the resumption of passenger and freight is expected to continue in the near future, having reported earnings above expectations for the first quarter.
The group reported a net profit of 253 million Singapore dollars (143 million euros) for the quarter April to June, [...]

Philips raises its margin target for 2010

Philips has raised its margin target for 2010 after better than expected results for the second quarter driven by strong sales in emerging markets.
The Dutch consumer electronics was confident of being able to exceed its margin target of 10% EBITA before exceptional items this year as he previously thought just to reach this [...]

Daimler will raise its forecasts after a strong second quarter

Daimler pledged on Friday to raise its earnings forecast 2010 before the end of the month after publishing strong preliminary results for the second quarter, supported by the results of its upscale subsidiary Mercedes-Benz.
The German carmaker said on Friday an operating profit of 2.1 billion euros for the period April to June, against [...]

The United Kingdom increases VAT

The British finance minister George Osborne said on Tuesday that Parliament would pass the VAT from 17.5% to 20% from next January in the United Kingdom, a measure that will bring 13 billion pounds per year (15.6 billion euros).
A tax on the turnover of banks
The minister, who presented a budget "emergency" [...]

New rate hike in Australia, a possible break

The Australian central bank again raised its key interest rate Tuesday by 25 basis points, bringing it to 4.5%, but stated that lending rates were now near their average, implying that it could pause in tightening monetary policy.
The Reserve Bank of Australia (RBA) announced its decision in a brief statement.
This growth [...]