France
Strauss-Kahn Says Half of Bank Losses From Crisis Are Yet to Be Disclosed International Monetary Fund Managing
Director Dominique Strauss-Kahn said that about half of bank
losses from the global financial crisis have yet to be revealed.
French Stocks Advance, Led by Dexia, Renault; Michelin, Total Pace Gains France’s CAC 40 Index increased for
the first time in five sessions, adding 83.81, or 2.3 percent,
to 3,813.17 in Paris. The SBF 120 Index added 2.1 percent.
Vivendi to Buy TF1's Canal Plus Stake for $1.1 Billion, Bids for M6 Share Vivendi SA, the majority shareholder
of French pay-TV chain Canal Plus France, agreed to buy the 9.9
percent stake held by co-owner Societe Television Francaise 1
for 744 million euros ($1.1 million).
European Stocks Rise Most in Five Weeks on Economy; BHP, Renault Advance European stocks surged the most in
five weeks as data on the region’s services and manufacturing
industries and U.S. home sales added to signs the economic
recovery is strengthening.
Dollar, Yen Decline as U.S. Housing Gain Spurs Demand for Riskier Assets The dollar and yen dropped against
all of the other major currencies as sales of existing U.S.
homes rose to the highest level since February 2007, increasing
demand for higher-yielding assets.
Euro May Breach Resistance, Advance to a Record High: Technical Analysis The euro may rise to a record
against the dollar should it strengthen beyond a resistance
level in a range of $1.5050 to $1.5095, according to Societe
Generale SA, citing trading patterns.
French Power Producers Including EDF to Publish Outage Data From End 2010 Electricite de France SA, Europe’s
biggest power generator, and other French utilities will start
publishing individual power plant data next year, catching up
with rivals in neighboring countries.
Europe Manufacturing, Services Industries Grow at Fastest Pace in 2 Years Europe’s services and manufacturing
industries expanded at the fastest pace in two years in November
after a reviving global economy helped the euro region emerge
from the worst recession in more than 60 years.
Eastern Europe Proving Too Good to Last as Runaway Debt Erodes 50% Returns Eastern Europe, where currencies and
equities combined to produce total dollar-denominated returns of
about 50 percent this year, is showing signs of unraveling as
the continent’s favorite investment because of runaway debts.
H1N1 Deaths Doubling Almost Every Two Weeks in Europe as Toll Reaches 670 Swine flu deaths have doubled almost
every two weeks since mid October in Europe, with 169 occurring
in the past week, the European Center for Disease Control and
Prevention said.
Italy's Finance Police Arrest Three People in $299 Million Fake Bond Fraud Italy’s finance police arrested
three people for allegedly using as much as 200 million euros
($299 million) of fake bonds to fraudulently make money from
borrowers.
Allianz, World Wildlife Fund Say Climate Nearing Temperature Tipping Point Allianz SE, Europe’s biggest
insurer, and the WWF said climate change is pushing the world
closer to temperature thresholds that could unleash devastating
environmental, social and economic changes.
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