Archive for August, 2010
August 31, 2010
Hermes International, which saw operating profit climb 52% in the first half thanks to strong sales of its leather and leather goods division, has revised marginally upwards its annual objectives. After a leap in its first half sales (+20% at constant exchange rates), the luxury goods group announced in ...
August 28, 2010
The price increase has decelerated in August in Germany, statistics released Friday showed, suggesting that inflationary pressures across the euro area could be diminishing. The higher wage demands from German unions, however, may counteract this trend in the first economy in Europe. The rate of annual inflation in ...
August 27, 2010
The Dutch manufacturer of luxury cars Spyker Cars, which bought the Swedish Saab General Motors said Wednesday that it had a liability greater than the amount of its assets. In a statement posted on its website, Spyker said that the negative balance as of June 30 is the consequence ...
August 25, 2010
The Japanese export growth at an annual rate slowed for the fifth consecutive month in July, and economists expect that the strong yen boosts over the coming months the impact of weaker foreign demand on trade balance of the archipelago. Nippon Exports rose 23.5% last month compared with July ...
August 24, 2010
The Nikkei ended down 1.33% Tuesday, and passes for the first time in 15 months below the threshold of 9,000 points, foreign investors and hedge funds selling their securities, concerned about the inertia of Japanese authorities against the yen. The Nikkei lost 121.55 points to 8,995.14 points and the ...
August 22, 2010
The investors said they would remain on their guard this week on U.S. markets, while trading volumes should be low and Wall Street is full of doubt and fear of seeing new signs of economic deterioration. Stepping back from 0.7% last week, the S & P 500 posted its ...
August 7, 2010
Berkshire Hathaway reported Friday a 40% drop in net profit in the second quarter, falling equity markets have depreciated the value of certain derivatives contracts it holds. The fund headed by Warren Buffett, however, reported an operating profit up 73% driven by the acquisition of the rail operator Burlington ...
August 5, 2010
Sanofi-Aventis should not engage in a battle to win market because Chris Viehbacher Genzyme, its director general, is not customary for this type of attack that the market would not fail to punish. There is no urgency or need for Sanofi to conduct this transaction at any price, even ...
August 4, 2010
Growth in the services sector in the euro area has accelerated in July, but with differences between the duo Franco-German leaders, and the South behind, shows the PMI survey published by the private institute Markit Economics. Calculated based on responses from some 2,000 companies, the final index Markit activity ...
August 2, 2010
Car sales in Japan, excluding mini-vehicles of 660 cm3 at most, increased by 15.0% in July compared to last year, to 333,403 vehicles, announced the Japan Automobile Dealers Association. In the first seven months of the year, sales are up 28.9% to 2,054,094 units.