Tag Archive for Afp

Socialists take absolute majority in French parliament – Full story

Socialists take absolute majority in French parliament (via AFP) France’s Socialists won control of parliament, handing President Francois Hollande the convincing majority he needs to push through his tax-and-spend agenda to battle the eurozone debt crisis. The Socialists’ bloc obtained 314 seats — an absolute majority in the 577-seat National Assembly — and so…

Carlos Slim buys stake in recently nationalized YPF – Full story

Carlos Slim buys stake in recently nationalized YPF (via AFP) Mexico’s Carlos Slim, the world’s richest man, has acquired an 8.4 percent stake in YPF, the recently nationalized Argentine subsidiary of Spanish oil firm Repsol, filings show. Ratings agency Moody’s had downgraded YPF another notch on Tuesday, a month after Buenos Aires seized control of…

French bank transfers assets from Greek subsidiary – Full story

French bank transfers assets from Greek subsidiary (via AFP) French bank Credit Agricole has taken control of assets in Albania, Bulgaria and Romania of its Greek subsidiary Emporiki Bank, it said in a statement, amid concern over a possible Greek euro exit. “This intra-group transaction is the last step of a process developed since the…

London stocks climb on stimulus move – Full story

London stocks climb on stimulus move (via AFP) London stocks rose at the start of trading on Friday, mirroring positive sentiment in Asia, on hopes that Greece would return a pro-austerity government in weekend polls. The benchmark FTSE 100 index of leading companies climbed 0.45 percent to 5,491.46 points. Sentiment was also boosted by the…

UK govt unveils stimulus to parry eurozone threat – Full story

UK govt unveils stimulus to parry eurozone threat (via AFP) Britain has stepped up its action against the eurozone crisis by agreeing to offer billions of pounds in cheap loans to British banks, in co-ordinated action that took markets by surprise. The government and Bank of England (BoE) announced the surprise plan late Thursday in…