J.C. Penney Gets Increase in Line of Credit from $1.75 Billion to $2.25 Billion
Guillaume Desjardins
Assistant Editor, CNBC.com
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French banks in particular will be very sensitive to the outcome of the presidential elections due to two factors, Laurent Deydier, portfolio manager at Banque Jean-Philippe Hottinguer, told CNBC.com.
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German potash and salt miner K+S published better-than-expected results on Thursday, including EBIT (Earnings Before Interest and Taxes) above 217 million euros ($283 million). Investors need to look beyond the stable outlook for 2012 and see the positive forecast for 2013, Arnaud Scarpaci, fund manager at Agilis Gestion in Paris, told CNBC.com.
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Reports that Brazil might follow India in purchasing the Rafale jetfighter from French plane maker Dassault Aviation will not only benefit to Dassault, but will also help electronics group Thales, Francois Mallet, managing director head of equity at Kepler Capital Markets said on Monday.
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The euro has fundamental flaws, with no room for flexibility and Europe needs to move towards a political union as the euro cannot survive in its current format, Dr Gerard Lyons, chief economist at Standard Chartered told CNBC on Friday at the World Economic Forum in Davos.
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French finance minister Francois Baroin sought to calm investors' nerves on Tuesday, days after ratings agency Standard & Poor's downgraded the country's sovereign credit rating, saying they need not be concerned about France's ability to repay its debts.
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Although unemployment was steady at 8.3 percent in the Organization for Economic Cooperation and Development area, youth unemployment, at 17.2 percent, is high and likely to go higher, Stefano Scarpetta, deputy director for Employment, Labor and Social Affairs at the OECD, told CNBC.com.
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The euro zone's formidable couple—Merkozy, as the media calls German Chancellor Angela Merkel and French President Nicolas Sarkozy—were on the brink of divorce more than once.
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If feeding 7 billion people is proving hard, how will the world feed 9.1 billion people by 2050? That is the key question the United Nations' Food and Agriculture Organization (FAO) faces as it seeks to increase production and improve distribution across the globe.
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With political uncertainty rising in Greece, following the call for a referendum, and then rumors of Prime Minister Papandreou's resignation, the expected effects of the European Financial Stability Fund (EFSF), which had gone up last week, crashed down again on Wednesday.
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Finding the balance between implementing austerity measures and supporting employment is a tough challenge that many European countries are facing. With fiscal consolidation policies in such different economies as the United Kingdom and Spain, the next challenge will be for them to find ways to juggle with the two key policies.