Euro News

German and French economies contract

14 Feb 2013 @ 10:41
Both Germany and France saw their economies contract at the end of 2012 Newly released figures show that Germany, the Eurozone’s largest economy, contracted by 0.6% during Q4 of 2012, whilst France’s saw a 0.3% contraction during the same period. Germany and France’s GDP figures reflect wider problems within the Eurozone and Europe, with Spain, […]
 

GSK Betting on Robust R&D Pipeline

07 Feb 2013 @ 15:41
GlaxoSmithKline (LSE:GSK) may be the perfect example of how investors should look at pharmaceutical companies differently than others.  The company share price has remained relatively unchanged in the 1450.0 areas  since 29 January, despite reporting “flat” sales for the full year ending 31 December 2012 on 06 February.  Shares have dropped modestly today by 0.90% […]
 

AAL’s Amplats Ends 2012 At A Loss

04 Feb 2013 @ 15:17
Mining giant Anglo American plc (LSE:AAL) is to post an underlying loss of US$225 million for the 2012 financial year for its platinum business after its 80%-owned Anglo American Platinum Ltd ended the previous year in a 180-degree turn from profit to loss, following a challenging trading environment. In a statement, the Johannesburg Stock Exchange-listed […]
 

ECB Predicts Eurozone Growth for 2013

27 Jan 2013 @ 20:23
The President of the European Central Bank predicts economic recovery in the third and fourth quarters of 2012. Mario Draghi, President of the European Central Bank (ECB), has argued that he foresees economic recovery for Europe “in the second part” of 2013 as a result of national government’s “extraordinary” fiscal consolidation efforts. In December the […]
 

Soros: Established market theory has “collapsed”

26 Jan 2013 @ 22:54
George Soros warns of a lack of understanding on how markets operate. Billionaire investor George Soros has argued that Germany is “out of tune” the rest of the world in regard to the Eurozone crisis and there is a lack of understanding of how the financial markets operate. Speaking at the World Economic Forum that […]
 

Re: Tobin Tax Approved

22 Jan 2013 @ 16:52
A few minutes before the time of writing of this article (the reason I’m writing this article is because of it), I received an email from a Relationship Manager, the name of the person and the firm in which he is connected to I choose to rather omit, informing me of a new development that […]
 

Being lectured by Ford on why the UK should stay in the EU is like taking childcare lessons from Jimmy Savile

21 Jan 2013 @ 23:47
Motor giant Ford has signed an open letter to Call Me Dave saying how disastrous it would be if the UK left the Evil Empire. Quite why the words of the boss of a foreign corporation should carry any weight at all escapes me but to be lectured by this company on the benefits of […]
 

Helicopters for military and commercial market in Latin America

21 Jan 2013 @ 13:10
Embraer (BOV:EMBR3) in new JV with AgustaWestland Embraer (BOV:EMBR3) has announced that it has signed a memorandum of understanding with AgustaWestland, which is controlled by the Italian company Finmeccanica, to form a joint venture here in Brazil. Everything indicates that it will be for the production of AgustaWestland helicopters for military and commercial market in […]
 

Business Leaders Warn Cameron Over EU

13 Jan 2013 @ 20:42
Virgin Group Chairman Sir Richard Branson and WPP CEO Sir Martin Sorrell back UK Membership of the European Union UK business leaders have signed a letter warning Prime Minister David Cameron from seeking a whole renegotiation of the country’s membership of the European Union (EU). Supported by Virgin Group Chairman Sir Richard Branson, BT Group […]
 

Peugeot Sales Slump in EU

09 Jan 2013 @ 15:56
Car manufacturer Peugeot Citroen (EU:UG) announces a European sales fall of 16.5% 2012. Peugeot Citroen has announced that their European sales are down by 16.5% in 2012, though sales in China were up by 7.2% and 10.1% in Russia. The French based firm saw a worldwide sales fall of 8.8%, down to 2,820,000 units, citing […]
 
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