France
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 about 10 months after reporting 2009
profit that missed analysts’ predictions.
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.
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.
French Stocks Decline; Lagardere, CFAO, Haulotte Drop as Boiron Advances France’s CAC 40 Index declined
15.55, or 0.4 percent, to 3,928 at 9:09 a.m. in Paris. The SBF
120 Index also dropped 0.4 percent.
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 Stocks Fluctuate; BHP Billiton, Lagardere Drop, Volkswagen Gains European stocks fluctuated as
basic-resource producers fell on speculation rising inflation
will prompt China to pare back stimulus measures, offsetting a
rally by auto shares. Asian equities gained.
Yen Rises Versus Higher Yielding Currencies as China Inflation Accelerates The yen rose against higher-
yielding currencies amid speculation China will seek to damp
economic growth after inflation jumped to a 16-month high,
fueling demand for the currency as a haven.
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 this year, half the previous forecast,
as emerging markets lead a rebound in traffic, the International
Air Transport Association said today.
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 Greece’s hospitals, airports and
schools were shut today as unions stage the second general
strike this year to protest Prime Minister George Papandreou’s
latest 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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