France
French Stocks Decline; Lagardere, CFAO, Haulotte Drop as Boiron Advances France’s CAC 40 Index declined
14.6, or 0.4 percent, to 3,928.95. The SBF 120 Index also
dropped 0.4 percent.
Yen Falls Against Euro on Speculation BOJ to Take More Credit-Easing Steps The yen fell for a third day
against the euro on speculation the Bank of Japan will add more
funds to its financial system as the world’s second-largest
economy struggles with deflation.
Naked Swaps Crackdown Threat in Europe Rings Hollow Without Obama Backing European politicians and regulators
could initiate a continent-wide ban on speculative trading of
sovereign credit-default swaps tomorrow. Making it stick without
the Americans won’t work.
Lagardere Slumps After Full-Year Earnings Fall Short of Analyst Estimates Lagardere SCA, the publisher of
Elle magazine and the “Twilight” series of vampire-themed
novels, fell the most in a year after reporting 2009 profit that
missed analysts’ predictions.
Elia System Operator, Gemalto, IRIS Group, Thenergo: Europe Equity Preview The following companies’ shares may
be active in European trading. Stock symbols are in parentheses
and share prices are from the last close.
French Fourth-Quarter Non-Farm Payrolls Drop Less Than Economists Forecast French companies shrank their work
forces by less than economists forecast in the fourth quarter in
a bid to cut costs after the worst recession since World War II.
Goldman Lowers Forecasts for Euro on Growth, Pound Amid Election Concerns Goldman Sachs Group Inc. cut its
forecasts for the euro against Norway’s krone, the Swiss franc,
the Swedish krona and Polish zloty, citing an “increasing focus
on growth differentiation.”
European Private Equity Firms' Fundraising Slumped 89% in 2009, EVCA Says European private equity firms
raised 86 percent less last year than in 2008 as economic
uncertainty pushed investors to curb commitments to new funds.
Airline Loss Estimate Halved to $2.8 Billion This Year on Traffic Rebound Airlines worldwide will lose a
collective $2.8 billion in 2010, half the previous forecast, as
emerging markets lead a rebound in traffic, the International
Air Transport Association said.
European Government Borrowing to Top 1.4 Trillion Euros in 2010, S&P Says European government borrowing will
probably rise to a record 1.45 trillion ($2 trillion) euros this
year to fund fiscal stimulus measures designed to revive growth,
Standard & Poor’s said.
Greece Paralyzed by Strikes as Unions Protest Against Plan to Cut Deficit Greek hospitals, airports and
schools were shut and police scuffled with protesters as unions
staged the second general strike this year against government
budget cuts to curb the European Union’s biggest deficit.
British Airways Lurches Closer to Cabin Crew Strike as Union Talks Fail British Airways Plc’s 12,000 flight
attendants moved closer to a strike after talks with Europe’s
third-largest airline over pay cuts broke down.
Putin Visits India in Race With U.S., Europe for Arms, Nuclear Agreements Russian Prime Minister Vladimir
Putin arrives in New Delhi tonight to fend off competition from
the U.S. and Europe to supply arms and nuclear energy to India.
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