Items by By MATTHEW SALTMARSH
NYT > Business
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Greek Rescue Talks End With Progress Reported
Posted: September 21st, 2011, 12:20am EDT by By MATTHEW SALTMARSH
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International inspectors will return to Greece next week to assess the country’s progress in meeting austerity targets, as talks ended Tuesday without an agreement in place.
NYT > Home Page
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DealBook: UBS Reports $2 Billion Loss to Rogue Trader
Posted: September 15th, 2011, 8:48am EDT by By MATTHEW SALTMARSH
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A 31-year-old man who works for Switzerland’s largest bank was arrested Thursday morning in London on suspicion of fraud.
NYT > Business
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DealBook: UBS Reports $2 Billion Loss to Rogue Trader
Posted: September 15th, 2011, 8:24am EDT by By MATTHEW SALTMARSH
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A 31-year-old man who works for Switzerland’s largest bank was arrested Thursday morning in London on suspicion of fraud.
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U.S. Slides, Singapore Rises in Competitiveness Survey
Posted: September 7th, 2011, 5:13am EDT by By MATTHEW SALTMARSH
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The report by the World Economic Forum found Europe still dominates the list of the most competitive economies in the world.
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Evaluation of World Bank Gives Mixed Picture
Posted: August 31st, 2011, 3:00pm EDT by By MATTHEW SALTMARSH
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An internal but independent report found that the bank had improved its assistance to poor countries but was too concentrated on its own structure and standing.
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Italy’s Cost of Borrowing Falls in Latest Bond Sale; Central Bank Action Is Credited
Posted: August 31st, 2011, 1:20am EDT by By MATTHEW SALTMARSH
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The country's auction of 10-year bonds was the first since the European Central Bank intervened to help push down interest rates.
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European Markets Stumble on Worries of Debt Crisis Contagion
Posted: July 18th, 2011, 8:35am EDT by By MATTHEW SALTMARSH
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The euro also weakened and the bond yields of indebted nations climbed as investors worried about the degree of political will to overcome the region's debt crisis.
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Swiss Commodities Trader Expands Into Ethanol in Africa
Posted: June 16th, 2011, 1:03am EDT by By MATTHEW SALTMARSH
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Jean Claude Gandur’s ethanol project in Sierra Leone comes at a sensitive time, with concerns being raised of exploitation of developing countries for resources.
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France Marshals G-20 to Combat Rising Food Costs
Posted: May 31st, 2011, 10:43pm EDT by By MATTHEW SALTMARSH
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The French government is convening a meeting in June to agree on a plan to stem volatility in the price and supply of staple foods, a source of political unrest.
NYT > Sports
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France Clears Soccer Coach of Racial Discrimination
Posted: May 11th, 2011, 1:20am EDT by By MATTHEW SALTMARSH
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The coach of the national team, Laurent Blanc, and others were accused of having discussed whether to introduce racial quotas at training academies.
NYT > Business
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A Year After G.M. Unloaded It, Saab Is in Trouble Again
Posted: April 7th, 2011, 9:03pm EDT by By MATTHEW SALTMARSH
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Work at Saab’s main pant in Sweden is halted as the company tries to resolve pay and contract disputes with its suppliers.
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Doubt Cast on Renault Spying Charges
Posted: March 5th, 2011, 2:10am EST by By MATTHEW SALTMARSH
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Has the French carmaker been the victim of industrial espionage, an elaborate hoax or internal score-settling?
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Tighter Fiscal Union in Europe? Not So Fast, Says French Finance Minister
Posted: January 24th, 2011, 2:13pm EST by By MATTHEW SALTMARSH
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Christine Lagarde said that the euro zone was discussing how to support weaker countries but that the final decisions would not come before March.
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France Seeks More Open Commodity Markets Among G-20
Posted: January 20th, 2011, 1:10am EST by By MATTHEW SALTMARSH
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Paris hopes to use its presidency of the Group of 20 nations to place better regulation of food and energy markets on the agenda.
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New European Banking Regulator Will Conduct a Stress Test on Lenders
Posted: January 14th, 2011, 3:30am EST by By MATTHEW SALTMARSH
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The stress tests will be the third such exercise in Europe during its debt crisis. The earlier tests were received with skepticism.
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Uncertainty About Portugal Drives Bond Prices Down
Posted: January 10th, 2011, 9:45am EST by By MATTHEW SALTMARSH
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Bond prices slipped as investors remained focused on financial uncertainties, notably whether Portugal can avoid turning to international lenders to finance its obligations.
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Commodity Costs Lift Inflation in Europe, and the Sales Tax Rises in Britain
Posted: January 4th, 2011, 9:35pm EST by By MATTHEW SALTMARSH
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Higher prices for food, oil and other commodities are starting to stoke inflation in the euro area, while in Britain, taxes rose on retail goods and services.
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News Analysis: Europe Seems to Stick to Same Economic Strategy
Posted: December 30th, 2010, 2:40am EST by By MATTHEW SALTMARSH
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European policy makers are offering more of the same in terms of an economic strategy, despite two years of financial and economic turmoil.
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Industry Group Sees Airline Profits Improving
Posted: December 14th, 2010, 4:12pm EST by By MATTHEW SALTMARSH
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I.A.T.A noted a strong third quarter, especially in the Asia-Pacific region but European carriers remain hamstrung by relatively weak demand.
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Incoming Chief of Insead Sees the Strengths of Europe
Posted: December 12th, 2010, 4:27pm EST by By MATTHEW SALTMARSH
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Dipak C. Jain will take over Insead, a premier business school in France, in a time of economic turmoil. But he thinks that there are some things Europe has that Asia does not.
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French Soccer Star Calls for a Run on Banks
Posted: December 6th, 2010, 8:02pm EST by By MATTHEW SALTMARSH
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On Tuesday banks will learn whether depositors will heed the call by Éric Cantona, the former soccer player, for a bloodless “revolution” against banks by withdrawing money.
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I.M.F. Clears Latest Installment of Aid to Greece
Posted: November 23rd, 2010, 6:45am EST by By MATTHEW SALTMARSH
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The international lender said Greece is on track to meet the terms of its bailout, but warned “extra effort” would be needed to meet next year’s targets.
NYT > Home Page
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I.M.F. Clears Latest Installment of Aid to Greece
Posted: November 23rd, 2010, 6:45am EST by By MATTHEW SALTMARSH
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The international lender said Greece is on track to meet the terms of its bailout, but warned “extra effort” would be needed to meet next year’s targets.
NYT > Business
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Officials See Irish Rescue at 50 Billion Euros
Posted: November 19th, 2010, 4:17pm EST by By MATTHEW SALTMARSH
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The size will depend on whether Dublin merely tries to shore up and restructure its crippled banks, or whether a larger package is offered to give it more breathing room.
NYT > Home Page
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Officials See Irish Rescue at 50 Billion Euros
Posted: November 19th, 2010, 4:17pm EST by By MATTHEW SALTMARSH
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The size will depend on whether Dublin merely tries to shore up and restructure its crippled banks, or whether a larger package is offered to give it more breathing room.
NYT > Business
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O.E.C.D. Sees Global Recovery Slowing
Posted: November 18th, 2010, 2:40pm EST by By MATTHEW SALTMARSH
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The agency cited regional imbalances, persistently high unemployment and the failure of private consumption to pick up the slack created by the withdrawal of government stimulus.
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Cruise Ships, and Sarkozy, Rescue Shipyard, for Now
Posted: October 29th, 2010, 1:30pm EDT by By MATTHEW SALTMARSH
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The Chantiers de l’Atlantique, established in the mid-19th century, is hoping to hang on a few more years with support and some salesmanship from President Nicolas Sarkozy.
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Credit Suisse Posts Sharp Drop in Earnings
Posted: October 21st, 2010, 2:40pm EDT by By MATTHEW SALTMARSH
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The Swiss bank saw a weaker-than-expected performance by its investment banking arm.
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As French Strikes Continue, Worries About Fuel Supply
Posted: October 15th, 2010, 10:27am EDT by By MATTHEW SALTMARSH
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Supply of jet fuel for Paris’s airports has been shut down because of strikes at refineries, but the airport authority played down fears of shortage.
NYT > Home Page
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Strikes in France Enter Fourth Day
Posted: October 15th, 2010, 6:30am EDT by By MATTHEW SALTMARSH
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Protests against pension reforms showed little sign of a softening, intensifying fears about fuel supplies as strikers continued to target oil depots.
NYT > Business
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French Strikers Block Refineries
Posted: October 14th, 2010, 10:24am EDT by By MATTHEW SALTMARSH
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Transport workers in France carried their strike into a third day on Thursday, hoping to keep up the momentum of protests against pension-system changes.
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U.S. Sees Improved Cooperation on Fighting Bribery
Posted: October 14th, 2010, 9:24am EDT by By MATTHEW SALTMARSH
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Officials said they expect to see more prosecution for bribery in international business deals in coming years.
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Court to Look at Sale of Zambian Phone Company
Posted: October 4th, 2010, 3:20am EDT by By MATTHEW SALTMARSH
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What was supposed to be a simple privatization to place a decrepit company on a sound financial footing has degenerated into a nasty domestic feud.
NYT > Health
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Nestlé to Expand Business in Health Care Nutrition
Posted: September 28th, 2010, 1:10am EDT by By MATTHEW SALTMARSH
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The company will seek to develop nutritional products for diseases like diabetes, obesity, cardiovascular disease and Alzheimer’s.
NYT > Business
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Nestlé Seeks to Expand in Healthcare Nutrition
Posted: September 27th, 2010, 12:10pm EDT by By MATTHEW SALTMARSH
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Nestlé said it would seek to expand in the health and wellness sectors by setting up a new unit that will make big investments in medical research.
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Qatar Signals Intention to Invest in Greece
Posted: September 24th, 2010, 12:36pm EDT by By MATTHEW SALTMARSH
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Greece signed a deal with Qatar’s sovereign wealth fund that could lead to investments of up to $5 billion.
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I.M.F. Host Sees Good Chance for Agreement at G-20 Meeting
Posted: September 17th, 2010, 1:09pm EDT by By MATTHEW SALTMARSH
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A South Korean official said that leaders from the Group of 20 nations should be able to sign off soon on agreements to bolster the weight of developing economies at the I.M.F.
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European Court to Hear Soros Insider-Trading Complaint
Posted: September 15th, 2010, 3:01pm EDT by By MATTHEW SALTMARSH
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The European Court of Human Rights will rule on whether George Soros' rights were violated when a French court convicted him of improper trading in Société Générale shares in 1988.
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E.U. Raises Growth Forecast for 2010
Posted: September 13th, 2010, 8:13am EDT by By MATTHEW SALTMARSH
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The European Commission said that the recovery was starting to broaden and gave more positive assessments some for European countries.
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Migrant Berry Pickers Complain of Conditions in Sweden
Posted: September 7th, 2010, 9:15pm EDT by By MATTHEW SALTMARSH
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A country generally not known for labor strife now hears of squalid housing and low wages, partly because collective bargaining rules are hard to enforce.
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News Analysis: France’s President May Have a Tough Time Selling His G-20 Goals
Posted: September 3rd, 2010, 5:52am EDT by By MATTHEW SALTMARSH
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As Nicolas Sarkozy prepares to take over as president of the Group of 20 on Nov. 12, analysts say many of his proposals appear to be hamstrung from the start.
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Global Youth Unemployment Reaches New High, Report Says
Posted: August 11th, 2010, 6:05pm EDT by By MATTHEW SALTMARSH
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The International Labor Organization said about 81 million people ages 15 to 24 were unemployed at the end of 2009 and the number would probably climb.
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In South Africa, a Push for Industrial Growth
Posted: August 3rd, 2010, 1:54am EDT by By MATTHEW SALTMARSH
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South Africa is providing companies with financial help as it tries to take advantage of an opportunity to create jobs and advance economically in the African market.
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Nuclear Woes Hurt Bottom Line at EDF
Posted: July 31st, 2010, 2:50am EDT by By MATTHEW SALTMARSH
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The French energy giant cited costs related to its U.S. nuclear ventures and the construction of its latest generation nuclear power plant in France, which will be delayed until 2014.
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Advocacy Group Reports Progress in Fighting Corporate Bribery
Posted: July 29th, 2010, 2:42am EDT by By MATTHEW SALTMARSH
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There has been progress in stopping companies from bribing officials to win contracts, Transparency International said, but some nations still lag.
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Spanish Bond Auction Brings Strong Demand
Posted: June 17th, 2010, 8:38am EDT by By MATTHEW SALTMARSH
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The Spanish government sold 3.5 billion euros of bonds Thursday, the maximum set for the auction, easing investor worries.
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Austerity Plans Advance in France and Spain
Posted: June 16th, 2010, 7:20am EDT by By MATTHEW SALTMARSH
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France and Spain are facing domestic opposition to new budget tightening plans, despite pressure from the E.U. for more fiscal discipline.
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Carrefour Chief Pursues Strategy to Strengthen Home Market
Posted: June 3rd, 2010, 3:19pm EDT by By MATTHEW SALTMARSH
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The chief executive is staking the future of the giant French retailer on a simple strategy: strengthen at home then either dominate or withdraw abroad.
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Swiss Lawmakers Keep UBS Deal Alive
Posted: May 21st, 2010, 9:40am EDT by By MATTHEW SALTMARSH
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A Swiss parliamentary commission signaled Friday that it was likely to accept an agreement with United States to hand over data on clients of the bank UBS suspected of tax evasion.
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France Readies Cash as Greek Talks Begin
Posted: April 21st, 2010, 8:40am EDT by By MATTHEW SALTMARSH
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Talks on an international aid package for Greece started as France put in place measures to provide its share of the loans arranged with its European partners for Athens.
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Trichet Says Greece Will Not Be Allowed to Default
Posted: April 8th, 2010, 1:50pm EDT by By MATTHEW SALTMARSH
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The European Central Bank and the Bank of England also kept their benchmark rates unchanged.
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Countries Urged to Plan for End of Economic Stimulus
Posted: April 7th, 2010, 11:06pm EDT by By MATTHEW SALTMARSH
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A financial advisory group said the planning was needed now because any course of action would take time to put into place.
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Unemployment and Inflation Rise in Europe
Posted: April 1st, 2010, 12:13am EDT by By MATTHEW SALTMARSH
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The unemployment rate rose to 10 percent in February. Consumer prices increased 1.5 percent in March from a year earlier, driven by energy and food costs.
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German Cabinet Agrees on Bank Tax for Bailouts
Posted: March 31st, 2010, 11:14pm EDT by By MATTHEW SALTMARSH
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France’s economy minister gave the proposal, which would raise more than $1.3 billion a year, a cautious thumbs-up.
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Murdoch Finalizes Paywall for Two British Papers
Posted: March 26th, 2010, 11:17pm EDT by By MATTHEW SALTMARSH
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The Times and The Sunday Times of London will sell daily and weekly subscriptions to users of a combined Web site starting in June.
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3 Alstom Executives Questioned in U.K. Bribery Inquiry
Posted: March 24th, 2010, 4:41pm EDT by By MATTHEW SALTMARSH
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The executives have been questioned on suspicion of bribery, corruption, money laundering and false accounting, officials said.
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Proposals for Direct Taxes on Banks Gain Ground in Europe
Posted: March 22nd, 2010, 11:09pm EDT by By MATTHEW SALTMARSH
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Germany and Britain both plan levies on banks to offset the cost of any future bailouts.
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Struggling Governments Get Creative to Raise Income
Posted: March 17th, 2010, 3:53pm EDT by By MATTHEW SALTMARSH
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For tax officials, indirect levies are stable, less prone to be avoided and easy to collect.
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UBS Pushes Swiss Officials for an End to Tax Dispute
Posted: March 13th, 2010, 12:04am EST by By MATTHEW SALTMARSH
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Bank is pushing the Swiss government to pass a treaty with the United States that would resolve a dispute over tax-evading client.
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Nestlé Bringing American-Style Diet Plans to Europe
Posted: March 7th, 2010, 3:13pm EST by By MATTHEW SALTMARSH
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With obesity on the rise in Europe, Nestlé is betting that Europeans are ready to embrace a concept that has proved successful in North America.
NYT > Health
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Nestlé Bringing American-Style Diet Plans to Europe
Posted: March 7th, 2010, 3:13pm EST by By MATTHEW SALTMARSH
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With obesity on the rise in Europe, Nestlé is betting that Europeans are ready to embrace a concept that has proved successful in North America.
NYT > Business
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Swiss to Submit Revised UBS Tax Deal to Parliament
Posted: February 24th, 2010, 3:05pm EST by By MATTHEW SALTMARSH
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The Swiss government also said it was billing the bank $925,000 to cover some of its costs in negotiating the deal with the U.S. authorities.
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French Oil Strike Stokes Fears of Fuel Shortages
Posted: February 22nd, 2010, 10:21pm EST by By MATTHEW SALTMARSH
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A strike among workers at Total refineries in France entered a second week with no signs of abating, raising fears about possible fuel shortages in the country.
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Task Force Warns Anew on Terrorist Funding From Iran
Posted: February 19th, 2010, 3:39am EST by By MATTHEW SALTMARSH
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Iran leads the list of countries that have failed to crack down on money laundering and terrorist financing, a global task force said.
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Britain Will Not Pursue Legal Action Against Madoff
Posted: February 2nd, 2010, 9:33am EST by By MATTHEW SALTMARSH
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Regulators in Britain end their investigation of a Madoff unit and a judge in Manhattan dismisses some fraud charges against a brokerage firm.
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Signs of Renewed Vigor in Eastern Europe Economies
Posted: January 11th, 2010, 12:22pm EST by By MATTHEW SALTMARSH
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A planned fund would work like a private equity vehicle, buying slumping assets before selling them for profit.
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Euro-Zone Jobless Rate at Double Digits
Posted: January 8th, 2010, 8:35am EST by By MATTHEW SALTMARSH
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The unemployment rate in countries that use the euro rose to 10 percent in November, hitting double digits for the first time in more than a decade.
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Britain’s Central Bank Leaves Key Rate and Stimulus Unchanged
Posted: January 7th, 2010, 8:29pm EST by By MATTHEW SALTMARSH
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Policy makers could make adjustments in rates and stimulus measures next month when they get new statistics on the economy.
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ING to Repay Half of Bailout in Coming Weeks
Posted: December 11th, 2009, 1:20pm EST by By MATTHEW SALTMARSH
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The Dutch financial services group, which came close to collapse last year, said that it would repay half of the government bailout of $14.7 billion.
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China and Russia Lagging in Global Anti-Graft Effort
Posted: December 10th, 2009, 3:05pm EST by By MATTHEW SALTMARSH
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In a 2009 index of the perceived level of public-sector corruption among 180 countries, China ranked 79th and Russia 146th.
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Europe Holds Rate at 1%, but Tightens Bank Credit
Posted: December 4th, 2009, 12:50am EST by By MATTHEW SALTMARSH
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The central bank plans to cut back on the loans made in the last year that helped strengthen many financial institutions, and keep the benchmark interest rate at 1 percent.
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Peugeot and Mitsubishi Discuss Deeper Ties
Posted: December 4th, 2009, 12:42am EST by By MATTHEW SALTMARSH
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PSA Peugeot Citroën, the French automaker, said it was looking at a “strategic partnership” with Mitsubishi Motors of Japan, which could result in it buying a stake.
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Euro-Area Inflation Rose Above Zero in November
Posted: December 1st, 2009, 1:38am EST by By MATTHEW SALTMARSH
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Economists said the increase was mainly the result of energy-price base effects as crude oil prices have been rising since the end of the summer.
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As Europe Rebounds, Greece Gets Left Behind
Posted: November 27th, 2009, 11:08pm EST by By MATTHEW SALTMARSH
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New concerns are being raised about Greek banks as the country’s budget deficit swells and its sovereign credit rating has come under renewed threat.
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Euro Zone Officially Out of Recession
Posted: November 13th, 2009, 6:03am EST by By MATTHEW SALTMARSH
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Experts caution that the Continent’s resurgent economy is muted by housing and stimulus realities.
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Somalis’ Money Is Lifeline for Homeland
Posted: November 12th, 2009, 1:02am EST by By MATTHEW SALTMARSH
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A growing network of companies distributes money from the nation’s large diaspora, providing a crucial safety net.
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Shareholder Suit Against Vivendi Starts
Posted: October 6th, 2009, 1:53am EDT by By MATTHEW SALTMARSH
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Vivendi and two other defendants are accused of violating federal securities laws in statements they made from October 2000 to August 2002.
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W.T.O. Chief Sees Russian Interest in Joining Waning
Posted: October 3rd, 2009, 1:27am EDT by By MATTHEW SALTMARSH
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But the trade official, Pascal Lamy, said the “real stress test for the W.T.O.” was likely to come in the next year or two, when unemployment is expected to rise in developed countries.
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Villepin Takes the Stand in 'Clearstream' Trial
Posted: October 1st, 2009, 1:59am EDT by By MATTHEW SALTMARSH
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Former Prime Minister Dominique de Villepin defending himself vigorously against charges of complicity in an attempt to smear Nicolas Sarkozy.
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E.U. to Release Some Bank Stress Test Results
Posted: September 25th, 2009, 3:16pm EDT by By MATTHEW SALTMARSH
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Europe’s 22 biggest banks may have accumulated about 400 billion euros in credit losses for 2009 and 2010, say officials who have seen the results of “stress tests” conducted by European regulators.
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Switzerland to Add Judges for UBS Appeals
Posted: September 19th, 2009, 12:43am EDT by By MATTHEW SALTMARSH
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The appeals arise from an agreement with the U.S. to hand over data on accounts at UBS that were used by some American clients to evade taxes.
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High Jobless Rates Could Last Years, O.E.C.D. Warns
Posted: September 16th, 2009, 7:50am EDT by By MATTHEW SALTMARSH
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The current downturn may keep jobless rates in developed economies elevated for longer than in previous recessions, in part because conditions got so bad so quickly.
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Lloyds Chairman Sees China Banks Turning Inward
Posted: September 15th, 2009, 3:05pm EDT by By MATTHEW SALTMARSH
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As the global economic crisis ebbs, China is focusing on building up its domestic financial firms and banks rather than investing in Western companies, the chairman of Lloyds of London said.
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Charges of Protectionism Greet G.M.’s Deal on Opel
Posted: September 12th, 2009, 1:21am EDT by By MATTHEW SALTMARSH
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Belgian officials were outraged at expectations that an Opel plant in Antwerp would be closed while German jobs are protected.
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Bankers in Europe Criticize Crackdown on Bonuses
Posted: September 8th, 2009, 3:22pm EDT by By MATTHEW SALTMARSH
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As politicians in Europe lash out at “excessive” bonuses, bankers and traders are becoming more vocal in pushing back.
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European Central Bank Stands Pat on Rates
Posted: September 3rd, 2009, 8:30am EDT by By MATTHEW SALTMARSH
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The European Central Bank upgraded its growth outlook for the euro zone on Thursday, but warned that the nascent recovery would be patchy.
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As G-20 Convenes, Waning Enthusiasm for Regulating Bonuses
Posted: September 2nd, 2009, 12:25am EDT by By MATTHEW SALTMARSH
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G-20 finance ministers are scheduled to meet Friday, and analysts expect that their desire to curb executives’ pay has been damped in the last five months.
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Price Declines in Europe Seen to Be Moderating
Posted: August 31st, 2009, 9:34am EDT by By MATTHEW SALTMARSH
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Preliminary data showed that consumer prices in the euro zone fell 0.2 percent in August from a year earlier, after a revised 0.7 percent drop in July.
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Iceland to Repay Nations For Failed Banks’ Deposits
Posted: August 28th, 2009, 11:01pm EDT by By MATTHEW SALTMARSH
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Iceland will repay Britain and the Netherlands the $5.7 billion it borrowed to compensate people who lost money in the collapse of an Icelandic Internet bank.
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French Bankers Agree to Restrictions on Bonuses
Posted: August 25th, 2009, 9:11pm EDT by By MATTHEW SALTMARSH
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President Nicolas Sarkozy of France announced steps, agreed to by bankers, to curb excessive compensation.
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Switzerland Selling Its Stake in UBS
Posted: August 20th, 2009, 6:55am EDT by By MATTHEW SALTMARSH
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The government says it expects to turn a profit of over $900 million after helping to rescue the troubled bank.
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Spain's Economy Shrinks Again
Posted: August 14th, 2009, 2:31pm EDT by By MATTHEW SALTMARSH
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Contraction of one percent in the second quarter contrasts with growth in Germany and France.
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Inflation to Remain Low, Bank of England Says
Posted: August 12th, 2009, 12:47pm EDT by By MATTHEW SALTMARSH
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Recession is “deeper than previously estimated,” the central bank reported, indicating it is unlikely to raise interest rates soon. Unemployment rose to a 13-year high.
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Swedbank Posts Loss, Will Cut 3,600 Jobs
Posted: July 17th, 2009, 11:52am EDT by By MATTHEW SALTMARSH
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The large Swedish lender posted a net loss of 2 billion kronor, or $300 million, hit by weakness in the Baltic economies.
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Geithner Sees Evidence of a Financial Recovery
Posted: July 17th, 2009, 12:59am EDT by By MATTHEW SALTMARSH
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The Treasury secretary also sought to play down fears about a new and excessive wave of bonuses on Wall Street.
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French Bill Advances to Open Shops on Sunday
Posted: July 15th, 2009, 4:44pm EDT by By MATTHEW SALTMARSH
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The lower house approved rules that will allow stores to open in commercial hubs and about 500 tourist areas.
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Qatar Said to Be Weighing Porsche Stake
Posted: July 10th, 2009, 9:36pm EDT by By MATTHEW SALTMARSH
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Porsche, which is in merger talks with Volkswagen, called an extraordinary board meeting for later this month to discuss a possible investment from the Middle East.
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E.U. Issues Big Antitrust Fines to E.ON, GDF Suez
Posted: July 8th, 2009, 9:56am EDT by By MATTHEW SALTMARSH
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Europe’s antitrust commission accused E.On and GDF Suez of anticompetitive practices that were costing consumers more.
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Europe Tests Banks, and Worries
Posted: July 3rd, 2009, 10:47pm EDT by By MATTHEW SALTMARSH
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Germany and Spain are reluctant to publish the results, but other nations favor releasing an overview of the data.
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Europe’s Central Bank Holds Rate Steady
Posted: July 2nd, 2009, 10:56pm EDT by By MATTHEW SALTMARSH
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Having lowered its main refinancing rate to 1 percent, the bank appears to have adopted a wait-and-see approach to additional stimulus.