Archive for November, 2009

Renault and Avtovaz reach an agreement

November 27, 2009

The agreement signed between the French and Russian manufacturer foresees an investment of 240 million euros by Renault technology and materials, as well as increased financial support from the Russian state. The brand will also help the diamond Avtovaz to develop production capacity of engines and transmissions and to ...

Euro area: the increase in activity continues

November 23, 2009

Good news for the eurozone. The PMI purchasing managers, released Monday by the company Markit, reported an increase in activity in November. The composite index reached 53.7 points (against 53 in October), slightly above market expectations, with 53.2 points for the services sector (52.6 in October) and 51 points ...

Moscow threat of a new gas war

November 18, 2009

The fate of this winter for tens of millions of European households subscribed to the gas depends partly on the EU-Russia summit to be held on Wednesday in Stockholm. Les Vingt-Sept fear that their suspicious neighbor Russia has once again appeal to the energy weapon to bend the Ukraine, ...

The United States supported the dollar "strong"

November 12, 2009

The U.S. Treasury Secretary Tim Geithner, reiterated Wednesday in Tokyo that a strong dollar was "very important" for the United States, while many Asian countries are concerned about the slide of the greenback in recent months. "I firmly believe it is very important for the United States and ...

Lafarge suffers from economic downturn

November 6, 2009

The French group Lafarge posted Friday financial results down sharply in the third quarter. Net income is recorded down 38% year on year to 404 million euros while sales fell 20% to 4.25 billion euros. These results were slightly below analyst expectations. "The economic slowdown continues to weigh ...

Faurecia will strengthen the United States with the acquisition of Emcon

November 2, 2009

The group of French automotive supplier Faurecia announced Monday the acquisition of the US Emcon Technologies has made in 2008 to 2.4 billion euros in turnover in technology control emissions. This acquisition will be paid in full by issuing 20.9 million new shares of Faurecia without using any cash, ...

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