eo.st - Actualité et News en direct - L'actu en continu - 20/05/2009

USA: Despite poor forecast, Fed sees signs of hope
The US Federal Reserve has worsened its forecast for 2009, anticipating a GDP drop ...

AUTO INDUSTRY: Three bids for GM's struggling Opel
As expected, Italian carmaker Fiat, Canadian autoparts maker Magna and the RHJ International ...

TELECOMMUNICATION: Mobile phones endure worst ever quarterly sales
After six years of growth, the global mobile phone market suffered its worst quarter ...

BANKING: Bank of America raises $13.5 billion in stock sale
Bank of America has raised 13.47 billion dollars in an important step towards meeting ...

JAPAN: Economy plunges at record pace
Japan’s economy contracted by 4.0 percent in the January-March quarter, the fastest ...

AVIATION: Air France-KLM announces first loss, plans 2,700 job cuts
Europe's biggest airline company, Air France-KLM, has announced an annual net loss ...

BANKING: French police raid three banks in Natixis probe
French police have raided the headquarters of Natixis and its two parent banks, Caisse ...

Geithner faces bail-out criticism
Timothy Geithner, US Treasury secretary, said that there were at least $123.7bn of ...

Opel to receive €1.5bn in bridge loans
Three bidders are expected to bid for a strategic stake in GM Europe as Germany puts ...

IMF urges UK to control public finances
Warning that the 'success of the current policy package hinges on the continued trust ...

Julius Baer to spin off funds unit
Julius Baer, the Swiss banking group, surprised investors by saying it would split ...

Youth hardest hit by French downturn
France's young people are the biggest victims of the economic crisis gripping the ...

BofA capital-raising lifts mood on Wall Street
US stocks rebounded following moderate losses during the previous session as investors ...

Japan's economy shrinks record 4%
Japan's economy shrank a record 4.0 per cent in the first quarter as companies slashed ...

IMF praise for UK recession plan
The UK government wins praise for its 'bold' response to the recession, but the IMF ...

US banks expected to repay $25bn
US financial institutions will repay at least $25bn of bail-out funds over the next ...

Japan's economy in record plunge
Japan's economy in the first three months of 2009 shrinks at its quickest pace since ...

Oil prices rise to six-month high
Oil prices are back above $60 a barrel ahead of the release of key US inventory figures ...

Pound strengthens against dollar
The pound gains against the dollar, after it emerges that the Bank of England considered ...

Bank 'considered' further easing
The Bank of England considered expanding its programme of quantitative easing by ...

Gold demand soars among investors
Demand for gold is soaring among investors but hard-up consumers are shunning gold ...

Obama aides flunk GM and Chrysler
The Obama administration gave General Motors and Chrysler LLC failing grades Monday ...

He could have been a contender
The resignation of General Motors chairman and CEO Rick Wagoner has been rumored ...

GM CEO Rick Wagoner to resign
General Motors Chief Executive Rick Wagoner will resign as part of the federal government's ...

Geithner: $135B left for bank bailouts
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Wall Street to test its rally
Investors are looking to close out a surprisingly upbeat March on a high note and ...

Obama makes more Treasury picks
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Auto task force to set aid Monday
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Guardian Unlimited Business - top stories
Price of litre of petrol tops £1 for first time in UK as oil surges on a North Sea ...

Dollar hits 26-year low against pound
The pound climbed to $2.10 for the first time since 1981 today, boosted by speculation ...

US gloom weighs on FTSE
Market report: London shares resumed their downward trek today, knocked by volatile ...

Virgin Media hails growth 'turnaround'
Virgin Media signals that era of upheaval marked by public rows with BSkyB is behind ...

National Starch takeover to cost thousands of jobs
Henkel, the maker of Schwarzkopf hair products, plans to cut thousands of jobs when ...

FirstGroup thanks oil price for rise in bus revenue
British bus and rail operator says soaring oil price forcing motorists out of their ...

Next sales 'highly volatile'
Outlook at fashion chain Next 'uncertain' in run-up to Christmas, company ...

High Street Fashion Company Cuts 1,230 Jobs
High street fashion firm Bay Trading has been sold, but around 1,230 jobs will be ...

High Street Slowdown Shrinks M&S Profits
Retail giant Marks & Spencer has posted full-year profits of £604.4m - a fall of ...

Another 625 Bank Staff Axed By Lloyds
The financial sector job carnage has continued with the news that a further 625 staff ...

American Express To Slash Jobs Worldwide
Credit card giant American Express has announced plans to cut 4,000 jobs as part ...

TUI Travel Pins Hopes On Summer Turnaround
Europe's biggest holiday firm TUI Travel has seen its first-half results worsen but ...

Oil price hits six-month high above 62 dollars
LONDON (AFP) - The price of New York oil struck 62.14 dollars a barrel on Wednesday, ...

Germany to 'select Opel bidder' next week
FRANKFURT (AFP) - Germany will choose its preferred bidder for General Motors' Opel ...

Brussels plans tougher EU financial monitoring
BRUSSELS (AFP) - The European Commission will next week unveil plans for the ECB ...

Dollar hits four-month low against euro
LONDON (AFP) - The dollar sank Wednesday to a four-month low against the euro as ...

Spanish economy contracts at record rate
MADRID (AFP) - The Spanish economy shrank at its fastest rate on record in the first ...

Tesco's Fresh & Easy evolving in U.S.
LOS ANGELES (Reuters) - British grocer Tesco is making major changes in its Fresh ...

Gold at 8-week high as dollar sags, oil rises
LONDON (Reuters) - Gold climbed more than 1 percent to an eight-week high of $937.05 ...