The Paris Bourse opens up, Dexia and Veolia down

The Paris Bourse started up in early trade, supported by oil companies and banks, with the exception of Dexia receding after the release of its quarterly results.
Investors are cautious before the release of key figures of employment in the U.S. this afternoon.
At 9:30, the CAC 40 index is 0.71% at 3791.02 [...]

Alcatel-Lucent is still on track despite stock shortages

Alcatel-Lucent confirms its annual targets despite the impact, for the second straight quarter, problems associated with shortages of components in the industry.
The telecoms equipment has limited the impact of these shortages on its quarterly results and has released figures broadly in line with expectations, but in return it has consumed more cash to [...]

The quarterly sales above expectations by Burberry

The UK retailer specializing in luxury Burberry Tuesday reported a turnover exceeding expectations under its first fiscal quarter due to strong demand in Asia and Europe.
Turnover rose 24% to 282 million pounds (337 million euros) for the period April to June, excluding currency effects and taking into account the restructuring of its Spanish [...]

The ECB validates the Greek project funds to support banks

The European Central Bank (ECB) on Monday approved the project in Greece to create a fund of ten billion euros to support banks.
Athens has put in place by the end of a new Financial Stability Fund (FSF) to help its banks that are suffering from increasing bad debts, degradation of the country's sovereign [...]

European markets up, Paris is 6.16% in one week

European shares finished higher for the fourth consecutive session, despite fears expressed by some analysts see a recovery in equity markets to end soon in Europe.
The Paris Bourse closed up 0.46% to 3554.48 points.For the week, the benchmark index of the Paris market gained 6.16%, its largest weekly increase in a year, as [...]

Markets tense before a deadline for key banks

Financial markets are again under tension, as investors worried always the budgetary situation of the euro area and the funding of banks in the region that ends Thursday, so an important program refinancing established by the European Central Bank (ECB) last year.
The financial institutions in the euro area will thus have to reimburse [...]

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 [...]

The annual profit of the Credit Mutuel soaring

Crédit Mutuel in 2009 reached a very high profit rise to 1.83 billion euros, compared to 440 million euros in 2008, thanks to improved financial markets, according to a statement released Wednesday.The year 2009 was "satisfactory and places us in terms of results at the 3rd largest French banks," commented Stephen Pflimlin, chairman of [...]

Eurozone – the countries of Euroland are close to agreement on Greece

A European diplomatic source said Tuesday, March 23 evening to AFP that the sixteen countries using the common currency were "close" to an agreement to Adler Greece out of its financial crisis. This should be finalized and announced Thursday morning in Brussels at a summit of leaders of countries in the euro area, just [...]