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 [...]

The term fast cash does not refer to money that falls from the sky. It refers to the money obtained through a cash advance.

Default, return to the drachma, massive devaluation, hyperinflation, recession … out of the euro would lead the Greek economy to disaster. Demonstration. Of "indignation" burn Greek euro banknotes to the Bank of Greece in Athens, October 17, 2011
The euro area, you love it or leave it. This was essentially the message from Nicolas Sarkozy [...]

Short-Renault and PSA to adjust stock

Renault and PSA Peugeot Citroën will enjoy the holidays from November to introduce measures of partial unemployment in many of their factories so they say, to sell some of their stocks.
The two French car manufacturers have made inventory management a priority in order to avoid ending up in case of weaker demand in [...]

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 [...]

Holland Aubry credible on the economy

60% of the French trust the member for Corrèze to boost growth and reduce debt, as against 22% for the mayor of Lille, according to a survey. François Hollande and Martine Aubry in the Summer of PS in La Rochelle (August 2011)
François Hollande is widely considered more credible than its rival in the primary [...]

The euro returns to the helm of $ 1.45

The rise of the euro is not a sign of confidence in the economy of the Old Continent. It is mainly driven by dollar weakness and renewed appetite for risk.
The euro continued to rise Monday above the threshold of $ 1.45, benefiting from a reflux of the risk aversion of the operators, after the [...]

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 [...]

Lenovo double its earnings but fears a global slowdown

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 Tokyo Stock Exchange falling 1.68%, eyes turned to the Fed

The Tokyo Stock Exchange ended down 1.68% Tuesday, following Wall Street and in anticipation of the monetary policy decision of the Federal Reserve.
The Nikkei lost 153.08 points to 8,944.48 points and the Topix, broader, sold 12.47 points (1.59%) to 770.39 points.
On higher trading volumes, however, the Nikkei erased some of its [...]

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 [...]