The CAC 40, like other global stock markets, expect little change on Tuesday until after the mid-term elections in the United States and the outcome of the Federal Reserve meeting will be on Wednesday evening. The Paris Stock Market probably will not escape the weakness in global equity markets. Investors are eagerly awaiting the results…
Category Archives: Regional News
Fondak anniversary – the First German equity fund industry is 60 years old
The German Equity fund industry celebrated its 60th anniversary. On 30 October 1950, Fondak, the first German equity fund was launched. Fondak stands for Fund for German shares. In the six decades of its existence, this fund has been established as the classic German Fund. During that time, the Fondak has recorded on average a…
Italian-Greek consortium to construct a new Syrian power plant
On October 21, 2010, a consortium of the Italian company Ansaldo Energia (23.5%) and the Greek company Metka (76.5%) signed a € 671M contract. They will be building a gas power plant with an output of 724MW of electricity in Syria. This will be the second plant supplied to Syria by the consortium. Ansaldo Energia is…
Aon completes the acquisition of Itali Rasini Viganò
Aon Italy SpA, the holding company which owns a national insurance brokerage section of the Group, today concluded the acquisition of Rasini Viganò, one of the top ten players in Italy. The Rasin Viganò SpA established in Italy in 1958, has developed expertise in the following strategic sectors: health, Institutions, Media & Entertainment, Utilities, Alternative…
Boehringer May Be Tough Competition For Bayer
Yesterday, Bayer’s competitor Boehringer Ingelheim received U.S. approval to market its antithrombotic drug Pradaxa . Pradaxa is used to prevent strokes in patients with heart rhythm disturbances. In September the FDA advisory panel unanimously recommended that the drug be approved. This will strengthen Boehringer’s position in the stock market. Boehringer can now start marketing the…
Planned Investments in Social Commerce
The growth of online commerce in Germany has continued to expand rapidly For the year 2010, the trade association of Germany (HDE), reported a rise of e-commerce sales in the business-to-consumer segment by about eight percent to 23.7 billion euros. This growth in the financial results of many companies indicates the current trend for E-Commerce…
France and Hong Kong will Sign a Tax Cooperation Agreement
The French Economics Minister Christine Lagarde and the Hong Kong Secretary of Finance from China, John Tsang, will sign an agreement for avoidance of double taxation today. Mr Tsang said that the deal would eliminate double taxation and provide more beneficial tax rights for investors in Hong Kong and France. This agreement will promote exchanges…
Mobile Operators Establish Joint Network
German Telekom boss, Niek Jan van Damme is working to start collaboration between the major mobile companies before year end. He wants to build super-fast LTE mobile networks. “There have been some discussions” which may lead to cooperative agreements. The Deutsche Telekom, Vodafone, O2, the Federal Network Agency and the Federal Cartel Office have all…
The First “Sharia Compliant” Housing Loan Has Been Transacted in France
The first loan in France for house purchase in accordance with Islamic law was awarded in May to a “top athlete” to purchase a house in the Paris region. This was revealed by an association that works to promote financing according to Islamic Law. “We made a first home loan transaction in May,” said Anass…
Electricité De France wants to Negotiate all of the issues with Constellation Energy Group
Électricité de France (EDF) is the world’s largest utility company with 2009 revenues of €66.34 billion and 2009 profits of €3,905 billion. It operates a diverse portfolio of over 120,000 megawatts of electric generation capacity in Europe, Latin America, the Middle-East, Asia and Africa. The French group EDF proposed a meeting this Tuesday with its…
