Gjeldskrisen i EU
BRUSSELS (Reuters) - France and Italy renewed their commitment to reform their economies on Friday in the hope of winning more time to bring their public finances in order but the ECB's president warned more needed to be done to avoid "a relapse into recession".
The confusing financial products that helped spark the 2008 crisis aren’t completely forgotten. So perhaps it’s no surprise that regulators have taken a dim view of a new breed of ETF referred to as ‘nontransparent.’
NEW YORK (TheStreet) -- French energy giant Totala awasted no time in naming a successor for Chairman and CEO Christophe de Margerie, who was killed earlier this weekain a plane crash on a Moscow runway. In fact, the board took less than 36 hours despite not having any real succession plan in place prior. OnaWednesday Total namedaPatrick Pouyanne asaCEOaand Thierry Desmarest, who ran the company from 1995 to 2007, as chairman. Patrick Pouyanneawas a name considered to be a possible replacement for de Margerie, but could his selection as CEO [...]
Chairman of Britains biggest supermarket to step down as pre-tax profits slump by 92%. Shares have fallen almost 6%. 5.42pm BST The days big story in the UK of course has been Tesco, and after its latest update its shares have dropped 6.5% or 12p to 171p, writes Nick Fletcher. That means around £972m has been wiped off the supermarkets value today, as investors took fright at a bigger black hole than previously reported and a certain lack of strategy going forward. As a reminder, Tesco was trading at 330p at the start of the year. Overall though an [...]