French consumer confidence has deteriorated sharply during the summer, the monthly survey shows Friday the INSEE.
The composite indicator of consumer confidence stood at 80, down five points from July, and is now the lowest since February 2009.
Economists and analysts polled by Reuters on average expected a figure of 84 and the [...]
After the growth recorded by the ghost French economy in the second quarter, the forecast of the Centre Expansion does not exceed 1.5% of GDP growth in 2011 and 1% in 2012. As a result, nearly 13 billion euros it will find more to solve the budget equation. Baroin was appointed Minister of Finance and [...]
The manufacturer of personal computers Lenovo China Thursday posted a near doubling of quarterly profit, but expressed concern about the impact of a slowing global economy, making the stock market drop his title by nearly 8 %.
The third global brand PC has been driven by strong sales in China and other emerging markets [...]
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 [...]
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 [...]
Political tensions within the government of Berlusconi weaken the credibility of the new plan for fiscal consolidation. The markets are now targeting Italy. However, Italy remains in the shelter of a Greek tragedy. Financial markets are worried about the tensions between the Italian prime minister Silvio Berlusconi and Minister of Economy and Finance Giulio Tremonti
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U.S. economic growth slowed in parts of U.S. in May under the double blow of soaring energy and food prices and disruptions in the global supply chain following the earthquake in Japan.
In its "beige book", on the economic situation in the United States on Wednesday, the Fed adds that real estate – home [...]
Nissan Motor Co. and partner Renault are planning to invest up to two billion dollars in Russia by 2015, reported Friday the Nikkei business newspaper, citing sources from the Russian government.
Both manufacturers will partner with AvtoVAZ, Russia's leading manufacturer of cars owned 25% by Renault, to bring the cumulative total of vehicles sold [...]
In 2005, Dominique Strauss-Kahn attacked Hervé Gaymard to have rented an apartment of 600 square meters according to 14,000 euros. DSK
That was in 2005. At the time the gigantic apartment of 600 square meters leased by Gaymard to house their 8 children hits the headlines. The rent of 14,000 euros, in the apartment, give [...]
France has activated a cell saver Thursday on its electricity supply due to an exceptional drought, which causes particularly a decrease in hydroelectric production.
Forty-seven counties are affected by a prefectural order restricting the use of water and five are in vigilance, as the Department of Ecology.
"The ongoing drought led to lower [...]