The euro area may have to pay 145 billion to Greece

Governments in the euro area may have to bring up to 145 billion euros of public funding to Greece under the second plan to help the countries under consideration, said Friday several European sources.
These funds would supplement the effort to prepare to make private creditors of Athens by accepting a discount of at [...]

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Compass publishes an annual operating profit up 9%

The world of catering Compass reported Wednesday a 9% increase in operating income underlying annual, thanks to improved margins and growth through acquisitions.
The British, French Sodexo's main competitor, displays the full year operating income (Rex) from 1.09 billion pounds (1.26 billion euros), according to 12 analysts' forecasts a study provided by it.
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The acquisition of Synovate weigh on Ipsos in Q4

Ipsos said Wednesday that the purchase of Synovate, the market research arm of Aegis, would cost between one and two percentage points of growth over the last three months of 2011 and probably in the first quarter of 2012.
Research firm, which also reported a slowdown in activity in the third quarter, does not [...]

How Coca-Cola has lost the battle on sodas lights

The National Assembly on Friday passed two taxes on soft drinks, including one on drinks with sweeteners. And despite a lobbying "scary" Coca-Cola, who may have done too much. The fee for sodas sweetened products will bring 240 million euros, the lights on 40 million.
Coca-Cola has lost. The National Assembly approved Friday the establishment [...]

Slight decrease in the trade deficit the United States in August

The trade deficit of the United States declined slightly in August, show figures released Thursday by the Commerce Department.
The trade balance posted a deficit of 45.61 billion dollars, while the market was expecting a hole of 45.8 billion.
In July, the deficit eventually amounted to 45.63 billion (44.81 billion in the first [...]

Troika to Greece: "We need to deregulate transport"

The representatives of the creditors of Athens (EU, ECB, IMF) insist that Greece deregulates including the taxi trade. Thousands of "outrage" expressed Sunday, June 19 against the austerity of Syntagma Square in Athens.
Representatives of international donors in Greece (EU-ECB-IMF) urged Friday to the Minister of Transport on the need to deregulate transport, including taxis, [...]

What future for the investment bank UBS after the fraud?

The pressure to sell the investment bank will increase further following the discovery of a fraud involving two billion dollars in the facility.
A 31 year old man was arrested Tuesday morning in London to a folder on unauthorized transaction, which could result in a loss for UBS in the third quarter.
The [...]

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 [...]

These bosses who pull the strings of the Chinese economy

They are less media that Steve Jobs or Carlos Ghosn, but equally powerful. Overview, images, big names in the Chinese economy. By Lucille Caillaut
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Previous Previous Su Shulin PauseSuivant, 49, Sinopec Next
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Previous Previous PauseSuivant Jiang Jiemin, 55, China Petroleum Company Next
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Spain restores work permits for Romanians

Madrid justify its decision with high unemployment in the country. More than 800,000 Romanians are currently living in Spain and are affected by an unemployment rate of 30%. An employment agency in Malaga. Spain has an unemployment rate above 20%
The European Commission gave the green light Thursday, August 11 for Spain to restrict, temporarily, [...]