Financial News Headlines

Suzuki Motors calls for international arbitration to settle its dispute with Volkswagen, the latter refused to surrender its stake by nearly 20% stake in Japanese automaker.

Suzuki, a specialist in small cars for emerging markets, announced Thursday it had seized the International Court of Arbitration of the International Chamber of Commerce, an organization based in London.

"We see no major financial impact based on the share price, given that VW has already established a reserve of 263 million euros in the third quarter of 2011 to reflect the reclassification of its stake in Suzuki in its balance sheet , "writes Michael Punzet, an analyst at DZ Bank in a note.

Suzuki accuses VW of not having provided a hybrid technology that would have promised to share.If the current leadership of Suzuki does not work with us, then maybe the next generation will, "he said.

A spokesman for the German automaker has confirmed that the company would not yield to the demands of Suzuki.

Action Suzuki closed up 0.92% to 1,533 yen in Tokyo Stock Exchange, while Volkswagen took up 2.90% to 115 euros at 9:35 GMT on the Frankfurt Stock Exchange.

The field of business has expanded in a broad way, and one area that is common is the business of financing people who are on paychecks. The opening in this business has grown to a greater extent, and now, people have limitless options, including one of getting payday loans online.

The British group Centrica Energy Thursday issued a warning on its profits in 2011, with a loss of customers and a decrease in electricity consumption due to the sluggish economy and mild weather.

The operator, whose subsidiary British Gas is the first energy supplier to UK households, lost customers after raising its rates and now provides an annual output "slightly below" market expectations.

An hour after the opening of the London Stock Exchange, the title Centrica lost 1.36%, while the European sector index Utilities 0.5% abandoned.

"Order intake for the third quarter of 2011 remained strong in an uncertain economic environment."

TF1, a subsidiary of Bouygues to 43%, but was lowered Thursday its forecast revenue for 2011 after the sharp deterioration in advertising revenue of its flagship channel in the third quarter, amid difficult market conditions.

"It's a bit early to talk about 2012, we are not advanced enough in the end of the year," he said during a teleconference Philippe Marien, Chief Financial Officer of Bouygues.

Russia is the country whose companies are most likely to pay bribes, followed closely by China, according to the annual ranking of Transparency International. Considered a good student, but the limit of the first third of the most virtuous, France is the 11th of the 28 countries studied. As for the sectors most likely to payments of bribes, kickbacks are building and public works and utilities. To establish his record of corruption exporting countries, the NGO has asked 3,000 business leaders worldwide to note how often the companies with which they do business engaged in corrupt practices, from 0 to 10 always, for ever. In images, the largest outbreaks of corruption.

1 / 10

Previous Previous PauseSuivant Russia: 6.1 / 10 Next

2 / 10

Previous Previous PauseSuivant China: 6.5 / 10 Next

3 / 10

Previous Previous PauseSuivant Mexico: 7 / 10 Next

4 / 10

Previous Previous PauseSuivant Indonesia: 7.

The number of unemployed Germans reached a new record low in October, to 6.5% of the workforce. It increases in numbers against the seasonally adjusted. An employment agency in Berlin

Unemployment has posted a new recession in Germany, in October, on a gross basis, to 6.5% of the workforce. But increased in numbers seasonally adjusted (SA), beating expectations, said Wednesday the Employment Agency. Economists polled by Dow Jones Newswires had forecast a further decline in numbers CVS, the most widely followed by economists as more representative. Overall, however, "the positive developments on the labor market continued," commented the President of the Employment Agency Frank-Juergen Weise.

European shares opened up, consolidating their gains from yesterday, and moving towards their best monthly performance in 30 months in the hope of resolving the debt crisis.

In Paris the CAC 40 gained 0.34% (11 points) to 3380 points to 9.30. Renault jumped 4.8%, signing the second performance of the index the day after announcing record sales in the third quarter thanks to markets outside Europe and confirmed its objective of free cash flow and sales.

The FTSEurofirst 300 index of blue chips in Europe, which gained 10.6% since the beginning of the month, could register its biggest monthly increase since April 2009, although there is a decrease of 9% over the year.

The Stoxx European banking sector ahead 0.9% after jumping 8.9% the day before.The index remains down 23.5% over the year.

Credit Agricole and BNP Paribas are among the highest increases in the sector, gaining 4.3% and 3.8% on the Paris Bourse.

Exchanges could continue to rise next week in anticipation of the G20 summit on 3 and 4 November, Judge Edmund Shing, strategist at Barclays Capital actions, however, recommends that investors not to run after the market too aggressively.

"The next key event is held in just one week. Meanwhile, the shares can probably gain more ground," he said.

Wall Street opened little changed on Thursday, the concern surrounding the European crisis of debt weighing on a market already made nervous by the earnings season.

Fifteen minutes after opening, the Dow Jones gained 0.2% (25 points) at 11,527 points.The Standard & Poor's, largest, took 0.2% (2.5 points) to 1212 points while the Nasdaq composite fell by 0.1% (2 points) to 2601 points.

Information from the German newspaper Die Welt, the German government that does not exclude the possibility of postponing the second time the EU summit scheduled on Sunday, has cooled investor sentiment, eager for Europe to find a plan to end the crisis.

In the process, senior sources directly involved in the preparation of the summit said they were unaware of such a project report.

Reports that the European Financial Stability (EFSF) may redeem the bonds on the secondary market under certain conditions are not sufficient to fully reassure the market.

Investors also monitor closely the earnings season that stand out far subdued. Microsoft will release its results include after-hours trading.

Yahoo gained 2.3% after asking that applicants interested in a takeover bid does not communicate with each other, while the group is probably too big to swallow for a single company, with the possible exception of Microsoft, whose title was down 0.5%.

EBay is losing more than 4% after yet announced a quarterly revenue up 32% and net profit in line with expectations of financial analysts.

The weekly jobless claims fell slightly last week in the United States at 403,000 against 409,000 the previous week and 400,000 expected.

French deputies adopted Monday by 49 votes to 25 against the bill authorizing the state to provide guarantees to the restructuring of the Franco-Belgian bank Dexia to facilitate its dismantling.

The UMP, which holds an absolute majority in the Assembly, and the group of the New Centre (NC) voted this draft supplementary budget ("collective") for 2011, reviewed by expedited review in the Senate turn Wednesday night.

The leftist opposition voted against. "We vote against it because what we present is completely blurred. The minister did not believe," said Christian Eckert (PS).

The left is now a majority in the upper house, the text may be released Wednesday.It will then be made a new reading in the Assembly who constitutionally has the final say.

"The adoption of this supplementary budget is an issue of responsibility. Dexia's customers like the creditors must have confidence that states have kept their word.Our communities in turn can rely on this feature to continue to invest for the benefit of the economy, "said Baroin, the Minister of Economy.

This restructuring plan, arrested Oct. 10 by the board of directors of the group and approved by the Belgian, French and Luxembourg, Dexia provides for the dismantling.

The bank, founded in 1996 with the merger of Crédit local de France and Crédit Communal de Belgique, had already received a bailout in 2008.

The decommissioning plan provides that Dexia France, Belgium and Luxembourg will provide 90 billion euros in guarantees for its financing needs with 60.5% for Belgium, 36.5% for France and 3% Luxembourg.

The new supplementary budget offers a double guarantee.First, the funding will enable Dexia to borrow on the markets with the guarantee of France, Belgium and Luxembourg, the maximum total outstanding amount of 90 billion euros for a period of ten years maximum.

The second guarantee, up to 10 billion euros, is for a fraction of the portfolio of loans to local authorities of Dexia that the new structure controlled by the Deposit (CDSC) and the Post Bank will acquire.

The Belgian part of the rescue of Dexia was temporarily authorized Monday by the European Commission, however, that announces the opening of an investigation to ensure that the operation does not violate the rules on state aid and application Belgium to submit within six months a new restructuring plan of the bank.

Three parties of the government resigned Slovak and the main opposition party have agreed to support a strengthening of the European Financial Stability Fund (EFSF), TA3 television reported Wednesday.

The leaders of three of the four parties in the coalition government had met earlier with Robert Fico, the opposition party Smer, following the rejection by members of the text EFSF reform and the resignation of the government was liable to the vote.

A new vote in Parliament to be held by no later than Friday, said Robert Fico.

The government accepted the holding of early elections in March 2012 and will remain in the opposition Smer thus far, he added.

Slovakia is the last member state of the euro area has not ratified the plan, which strengthens the powers of the EFSF to fight against the debt crisis. Ratification by each of the 17 member countries is required for its entry into force.

A spokesman of the majority party SDKU had previously indicated that a second vote in Parliament could take place as early as Thursday if an agreement was reached with Smer.

The head of the mission of the International Monetary Fund (IMF) in Greece said Friday that substantial progress had been made, adding that there were important issues to discuss.

Poul Thomsen said he hoped that the review of the situation in Athens ends soon, stressing that the time had not yet come.

"We're not yet at the stage of conclusion," he told reporters.

"I hope we will soon conclude on a positive note, but we're not there yet."