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Credit Agricole SA

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  • Japan economy stalls as incomes, spending languish Friday, 29 Aug 2014 | 3:58 AM ET

    TOKYO— Japan's vital signs remained weak in July as wages fell further and household spending dropped, signaling continued weakness in the world's third-largest economy. Much of the increase stems from a 2 percentage point increase in Japan's sales tax in April, which has since sapped much of the steam from the country's economic recovery.

  • Japan economy stalls as incomes, spending languish Thursday, 28 Aug 2014 | 8:48 PM ET

    TOKYO— Japan's vital signs remained weak in July as wages fell further and household spending dropped, signaling continued weakness in the world's third-largest economy. Much of the increase stems from a 2 percentage point increase in Japan's sales tax in April, which has since sapped much of the steam from the country's economic recovery.

  • Stocks drift higher; S&P 500 holds on to 2,000 Wednesday, 27 Aug 2014 | 1:06 AM ET

    Overall trading volume was about one-third below the recent average, reflecting an absence of major market-moving news and the approaching Labor Day holiday weekend. "Having achieved this 2,000 level, the market is simply taking a pause, catching its breath," said David Lebovitz, global market strategist at JPMorgan Chase.

  • Asian stocks modestly higher following S&P record Tuesday, 26 Aug 2014 | 5:37 AM ET

    It was a big round-number day for the stock market. "There's perhaps a small psychological boost when you get over such a significant price level," said Cameron Hinds, regional chief investment officer at Wells Fargo Private Bank.

  • Talk of ECB action grows as European economy fades Monday, 25 Aug 2014 | 4:36 AM ET

    FRANKFURT, Germany— Worries about the economy are rippling through Europe. Downbeat data have pushed the European Central Bank closer to more drastic action to keep the hesitant recovery from stalling completely.

  • Expectations of ECB help drive down eurozone rates Friday, 22 Aug 2014 | 1:37 PM ET

    Investors appear to be putting their money on the likelihood of more stimulus measures from the European Central Bank to keep the eurozone's shaky recovery from stalling. They will be closely watching ECB President Mario Draghi's speech for more clues later Friday at a global banking conference in Jackson Hole, Wyoming.

  • China manufacturing drags on Asian stock markets Wednesday, 20 Aug 2014 | 3:55 AM ET

    NEW YORK— The stock market rose for a third straight day Wednesday despite a report from the Federal Reserve that showed a growing chorus of central bank officials willing to raise interest rates sooner rather than later. In the bond market, prices fell and yields rose as investors prepared themselves for higher interest rates.

  • Why manufacturing PMI still matters for China Tuesday, 19 Aug 2014 | 6:23 PM ET

    Come Thursday, markets will be digesting a new round of manufacturing data from China, when HSBC releases the flash estimate of the PMI for August.

  • Stocks rise as US home construction rebounds Tuesday, 19 Aug 2014 | 4:08 AM ET

    The Standard& Poor's 500 index closed within six points of its all-time high Tuesday, less than two weeks after slumping on concerns about rising tensions in Iraq and Ukraine. Home Depot, the nation's largest home improvement retailer, rose after raising its annual profit forecast following a strong spring selling season.

  • Brace for Japan GDP, it’s going to be ugly Sunday, 10 Aug 2014 | 11:54 PM ET

    Japan's economy is expected to have lost all ground owing to the April consumption tax hike, which looks to have thrown its recovery off its tracks.

  • European shares close mixed; Italy, Spain weigh Tuesday, 5 Aug 2014 | 11:50 AM ET

    European benchmarks closed higher, although gains were capped by weakness seen in the Italian and Spanish markets.

  • Retail giant way off-Target, may signal trouble Tuesday, 5 Aug 2014 | 9:48 AM ET

    Are Target's troubles merely anomalies, or symptomatic of the economy's problems, despite strong earnings reports?

  • Credit Agricole writes down BES stake     Tuesday, 5 Aug 2014 | 2:00 AM ET

    Chris Tinker, founder of Libra Investment Services, discusses the 708 million euro ($950 million) hit related to Credit Agricole's stake in troubled Banco Espirito Santo.

  • Credit Agricole takes $950M Espirito Santo hit Tuesday, 5 Aug 2014 | 1:19 AM ET
    A pedestrian passes a Credit Agricole SA bank branch in Rodez, France.

    Credit Agricole said it took a $950 million hit related to its stake in Espirito Santo that nearly wiped out the bank's second-quarter net profit.

  • Portugal bites the bullet on a bank bailout Monday, 4 Aug 2014 | 10:05 AM ET

    Portugal bailed out Banco Espirito Santo (BES), its biggest bank. Get used to seeing this.

  • The bad news to China's good growth data is... Wednesday, 16 Jul 2014 | 1:06 AM ET
    Crowds on Nanjing Road, Shanghai, China

    China posted better-than-expected GDP figures, but economists say there's little evidence of progress in rebalancing its economic growth model.

  • Commerzbank may pay $600-$800M to settle US probe Thursday, 10 Jul 2014 | 1:50 AM ET

    Commerzbank may pay between $600 and $800 million to resolve investigations into its dealings with countries under U.S. sanctions, sources said.

  • NEW YORK, July 9- German lender Commerzbank AG is expected to pay between $600 million and $800 million to resolve investigations into its dealings with Iran and other countries under U.S. sanctions, sources familiar with the matter said.

  • BNP pleads guilty again in $9B US sanctions accord Wednesday, 9 Jul 2014 | 7:25 PM ET
    The logo of the French bank BNP Paribas on June 24, 2014 in Lille, France.

    BNP pleaded guilty to conspiring to violate U.S. sanctions, as part of a nearly $9 billion settlement in which it admitted to breaking embargoes.

  • Malaysia rate hike: Will they or won't they? Wednesday, 9 Jul 2014 | 6:44 PM ET

    Strong economic growth and rising inflation have raised the odds that Malaysia's central bank could hike rates for the first time in three years.