All we need to see an upside in Saint-Gobain is a small reversion to the mean in the French housing market, says Alex Gunz, fund manager at Heptagon Capital.» Read More
STRASBOURG- ECB President Mario Draghi speaks at the Quarterly Hearing before the Committee on Economic and Monetary Affairs of the European Parliament in Strasbourg, France. WASHINGTON- Federal Reserve Chair Janet Yellen testifies on the central bank's semiannual monetary policy before the Senate Banking Committee- 1400 GMT.
July 11- An official at British platinum refiner Johnson Matthey has become chairman at the London Bullion Market Association as the industry body oversees the overhaul of century-old precious metals pricing systems amid intense regulatory scrutiny.
BEVERLY HILLS, Calif.— Beyonce and Jay Z will co-star in an HBO concert special, and Queen Latifah will play legendary blues singer Bessie Smith in a movie for the network. Starring Queen Latifah, "Bessie" is written and directed by filmmaker Dee Rees.
Benchmark U.S. crude for August delivery fell $2.10 cents to close at $100.83 a barrel on the New York Mercantile Exchange. Brent crude, a benchmark for international oils used by many U.S. refiners, fell $2.01 to close at $106.66 on the ICE Futures exchange in London.
PARIS, July 11- The first vaccine against dengue fever, from France's Sanofi, provided moderate protection in a large clinical study, but questions remain as to how well it can help fight the world's fastest-growing tropical disease.
PARIS— France's economy minister is blaming European authorities for the lack of growth in France and Europe, and says it's time for a new economic policy that shuns austerity. France, with Europe's No. 2 economy, is holding back the rebound across the continent.
Robert Bentley is headed to London for the Farnborough International Air Show to try to generate jobs for Alabama. Bentley said he hopes to seal a deal with two industrial prospects in London and make announcements while he is at the air show. Jobs in Alabama remain 5 percent below the 2007 mark at 1.91 million.
BRUSSELS, July 10- Germany's faltering economy has cast further doubt over the euro zone's prospects for recovery this year, with no other big country strong enough to pick up the slack. But just as the bloc appeared to be turning the corner, its star economy, Germany, has fumbled the ball.
COPENHAGEN, July 10- The world's top two container shippers, Maersk Line and MSC Mediterranean Shipping Co, have struck a fresh vessel-sharing agreement after a previous three-way pooling deal known as P3 was undone by China's failure to approve it.
CAMBRIDGE, United States- Federal Reserve Vice Chair Stanley Fischer speaks on "Financial Sector Reform" before a Martin Feldstein Lecture event hosted by the National Bureau of Economic Research in Cambridge- 2030 GMT.
MEXICO CITY, July 9- Mexican tycoon Carlos Slim's plan to divest a chunk of his most valuable asset, phone company America Movil, could open Mexico's telecoms market as never before to rivals.
PARIS, July 9- The euro zone must work to bolster the role of its common currency in international business transactions, France's finance minister said on Wednesday, comments supported later by the head of French utility GDF Suez.
FRANKFURT/ PARIS, July 9- The European Central Bank is hoping a new round of long-term loans will be used by banks to drive down borrowing costs- a substitute for an asset-purchase scheme of its own which would avert a potentially damaging internal split. "It's also the liquidity injection, the funding substitution," he told Reuters in Paris on Wednesday.
Average scores achieved by 15- year-olds on the Program for International Student Assessment financial literacy test conducted for the Paris- based Organization for Economic Cooperation and Development:.
WASHINGTON— In an increasingly global economy, just 1 in 10 teenagers around the world is able to make some key— but complex— financial decisions, including choosing among various loans or analyzing invoices and pay slips.
BEIJING- Sixth round of the U.S.- China Strategic and Economic Dialog will be held in Beijing, China. Treasury Secretary Jacob Lew and Secretary of State John Kerry will join their respective Chinese co-chairs, Vice Premier Wang Yang and State Councilor Yang Jiechi, for the Dialog.
*Valls unveils 540 mln euros for youth jobs. PARIS, July 8- France's parliament approved a series of welfare cuts on Tuesday despite abstentions by left-wing deputies, while a major teachers' union became the third group to boycott a labour forum hosted by President Francois Hollande.
*USDA crop data confirms good Midwest growing conditions. The USDA on Monday reported that the corn crop was in the best shape for early July in 15 years and that soy crop conditions were the best in 20 years.
*Veolia, Suez margins fall as towns negotiate discounts. PARIS, July 8- Nearly five years after Paris took the management of its water supply back into its own hands, the move is inspiring other cities at home and abroad and hurting profits at private water firms Veolia and Suez Environnement.
*Amazon expected to expand food sales at home and abroad. BERLIN, July 8- Big retailers are taking a calculated hit to margins to invest in online grocery operations, in the hope they can persuade consumers to add more profitable items like clothes and computers to their orders of fruit and vegetables.