EU, U.S. leaders launch free-trade talks
ENNISKILLEN – The United States and European Union launched negotiations on one of the world’s most ambitious free-trade agreements on Monday, promising thousands of jobs and speedier growth on both sides of the Atlantic. Such a plan was first considered three decades ago but knocked down by France in the 1990s
No stake sale in France Telecom, GDF for now: Hollande
PARIS – French President Francois Hollande said on Sunday the government was not looking to any of its shares in France Telecom or utility GDF Suez because valuations of its holdings were currently too low. “For France Telecom or GDF Suez, we are not selling because we consider that the share price is not high enough”, Hollande told M6 television in an interview
No stake sale in France Telecom, GDF for now: Hollande
PARIS – French President Francois Hollande said on Sunday the government was not looking to any of its shares in France Telecom or utility GDF Suez because valuations of its holdings were currently too low. “For France Telecom or GDF Suez, we are not selling because we consider that the share price is not high enough”, Hollande told M6 television in an interview
Ireland calls on EU and U.S. to align money market rules
DUBLIN – The European Union and the United States should align their rules for money market funds to avoid European funds relocating across the Atlantic, a senior regulator in Ireland said on Wednesday.
U.S. Hiring Outlook Improves; Global Employers Uncertain
NEW YORK – More employers in the United States plan to hire workers next quarter than in any period since the fourth quarter of 2008, according to a survey by Manpower Group, the global employment services giant. Manpower’s quarterly survey released Tuesday found most employers around the globe were uncertain about hiring more workers in the July through September period given tepid consumer demand. There were certain bright spots, however, with employers in the United States and some parts of Europe feeling cautiously optimistic
Bank of England, ECB Keep Rates Unchanged
LONDON – The European Central Bank kept its main interest rate on hold at a record low 0.5 percent on Thursday as it waits to see whether early signs of stabilization in the euro zone will blossom into an economic recovery. Economic data improved in May and ECB President Mario Draghi said this week he still sees “a very gradual recovery” starting later this year, taking pressure off the ECB to act again, as it had promised to do if necessary after cutting rates in May. “This can be seen as a reaction to the slight improvement in the purchasing managers indices (PMIs), which seem to signal that the worst is over in the euro zone,” said David Kohl, chief economist for Germany at Julius Baer.
Pages Jaunes shareholders reject Wyser-Pratte board seat
PARIS – Shareholders in French directories company Pages Jaunes on Wednesday resoundingly rejected activist investor Guy Wyser-Pratte’s attempt to get himself and an ally named to its board as independent directors. Wyser-Pratte, who has been critical of U.S. private equity firm Cerberus’s role at the directories company, received just 16 percent of shareholders’ votes, while his colleague Pierre Nollet got only 5.5 percent.
Chipmakers Boost European Markets
European shares stages a modest rebound on Tuesday, led by chip-makers after confident outlook comments from STMicroelectronics raised optimism on the industry.
Wall Street Rallies as QE Fears Subside
FOX Business: Capitalism Lives Here The markets rebounded after dour performance late last week after a round of weak manufacturing data eased fears that the Federal Reserve will begin paring back its quantitative easing program very soon. Today’s Markets The Dow Jones Industrial Average rallied 138 points, or 0.92%, to 15254, the S&P 500 climbed 9.7 points, or 0.59%, to 1640 and the Nasdaq Composite advanced 9.5 points, or 0.27%, to 3465.
Stocks Climb; U.S. Economy in the Spotlight
FOX Business: Capitalism Lives Here The markets ticked higher on Monday as traders digested disappointing data on the U.S.