IBTimes.com : BNP Paribas Topic

Investors Love Rio: Why Foreign Companies Are Buying Into Brazil's Real Economy

Fri, 25 May 2012 17:28:23 EDT

Investing in Brazil's booming economy has turned another page as foreign companies, especially Japanese firms, move from putting money into the nation's financial industry to putting it into the real economy of South America's largest nation.

Deeper Metals Price Falls Needed to Spark Closures

Fri, 25 May 2012 17:02:59 EDT

A rout in commodity markets has pushed prices of aluminum, zinc and nickel down to levels where many high-cost producers are starting to suffer, although the pain threshold may have to increase before widespread closures help balance markets.

Spain region, Greek exit warnings rattle euro zone

Fri, 25 May 2012 12:49:04 EDT

Central banks and companies not bracing for a possible Greek euro exit would be making a grave error, Belgium's foreign minister said on Friday, rattling markets already alarmed by Spain's deteriorating finances.

Wall Street little changed, investors focus on Greece

Fri, 25 May 2012 10:49:03 EDT

Stocks were little changed in volatile trading on Monday as fresh warnings about Greece kept investors away from risky assets.

Gold Rises on Firmer Euro, but Set for Weekly Fall

Fri, 25 May 2012 10:09:04 EDT

Gold prices rose back above $1,560 an ounce in Europe on Friday, snapping four sessions of losses, as the euro recovered from two-year lows against the dollar, though worries over the outlook for the euro zone kept investors on edge.

Analysis: Greeks not alone in bank savings exodus

Fri, 25 May 2012 08:28:02 EDT

Greek savers may be gripped by a "great fear that could develop into panic" in the words of President Karolos Papoulias, but many Greeks shifted their money to safer havens in Britain, Switzerland, Germany and Nordic countries long ago.

Analysis- Greeks not alone in bank savings exodus

Fri, 25 May 2012 08:28:02 EDT

Moody's downgrades three big Nordic banks

Fri, 25 May 2012 05:00:04 EDT

Moody's Investor Service downgraded credit ratings of three large Nordic banks on Friday, citing their reliance on market funding, tough competition for retail loans, and their exposure to the spreading euro zone debt crisis.

Global stocks eke out gains, euro falls

Thu, 24 May 2012 19:35:02 EDT

Global stocks eked out gains on Thursday while the euro fell as data suggested Europe's debt woes were spreading and worsening a global economic slowdown, adding to investor concerns about Greece's possible exit from the euro zone.

Global Markets Overview - 05/25/2012

Thu, 24 May 2012 19:24:47 EDT

U.S. stocks finished mostly higher after late afternoon comments from the Italian premier boosted confidence that Greece would stay in the euro zone. The Dow Jones Industrial Average finished up 34 points, or 0.3%, at 12530, after bouncing back from a 0.6% slide.

Stocks eke out gains, euro falls

Thu, 24 May 2012 16:49:03 EDT

Europe, slowing growth hurt stocks, euro

Thu, 24 May 2012 15:42:02 EDT

Global stocks and the euro fell on Thursday as data suggested Europe's debt woes were spreading and worsening a global economic slowdown, adding to investor concerns about Greece's possible departure from the euro zone.

Global Markets Overview - 05/24/2012

Wed, 23 May 2012 19:01:10 EDT

U.S. stocks reversed steep losses to finish the day roughly flat, though European stocks and the euro tumbled to 2012 lows amid growing chatter about a potential Greek exit from the euro zone

Global Markets Overview - 05/23/2012

Tue, 22 May 2012 19:17:43 EDT

U.S. stocks erased gains from a day spent mostly in positive territory to close flat Tuesday, as worries resurfaced in late trading about potential European instability.

Shares falter on Europe concerns; euro dips

Tue, 22 May 2012 17:07:02 EDT

U.S. equities faltered minutes before the close on Tuesday and the euro fell as hopes European leaders will tackle the region's debt crisis ebbed, fanning doubts that much would come of a meeting just a day away.

Shares gain on Europe optimism; euro dips

Tue, 22 May 2012 15:28:02 EDT

World equity markets rose for a second consecutive day on Tuesday on hopes European leaders will tackle the region's debt crisis, but the euro fell on doubts that much would come of a meeting just a day away.

Shares rise on European talks hope; euro dips

Tue, 22 May 2012 14:14:03 EDT

World shares gained for a second consecutive day on Tuesday on hopes European leaders will tackle the region's debt crisis, but the euro fell on doubts that much would come of a meeting just a day away.

Germany, France draw battle lines over eurozone bonds

Tue, 22 May 2012 09:28:02 EDT

Germany dismissed a French-led call for euro zone nations to issue common bonds, a day before a European Union leaders' summit which investors are looking to for new measures to counter the bloc's debt crisis.

Miners help Britain's FTSE extend its recovery

Tue, 22 May 2012 04:35:01 EDT

Britain's benchmark share index extended its tentative recovery on Tuesday, as mining stocks rose on a rise in the price of copper and on hopes of new moves in China to boost its economy.

Global Markets Overview - 05/22/2012

Mon, 21 May 2012 19:10:55 EDT

The Nasdaq Composite index rose the most since December as hopes of political progress in Greece and talk of government efforts to buoy China's economy trumped a steep decline in Facebook's newly public stock.

Global Markets Overview - 05/21/2012

Sun, 20 May 2012 19:28:29 EDT

Blue chips extended a streak of declines the likes of which haven't been seen in almost 40 years, amid continued euro-zone concerns and Facebook's lackluster debut. The Dow Jones Industrial Average suffered its 12th loss in 13 sessions, the worst 13-session performance since October 1974. The average lost 73.11 points, or 0.6%, to 12369.38.

Stocks fall 5th day, Brent off 2 percent on euro zone fears

Thu, 17 May 2012 18:00:03 EDT

World stocks fell for a fifth day and Brent oil prices dropped 2 percent on Thursday on concerns about the health of Spain's banks and the prospect of Greece leaving the euro zone.

Stocks, oil drop on latest euro zone fears

Thu, 17 May 2012 15:21:03 EDT

World stocks and oil prices fell on Thursday on concerns about the health of Spain's banks and the prospect of Greece leaving the euro zone.

Europe's banks on the brink

Thu, 17 May 2012 09:00:04 EDT

LONDON, May 17 - The euro zone crisis was in full swing when Jean-Claude Trichet took the podium in Berlin last October 6 for his final press conference as president of the European Central Bank. Having helped create one of the longest periods of price stability in the history of central banking, Trichet was closing out his eight-year reign under siege.

Brent Falls Below $109, Greek Fear Weighs

Thu, 17 May 2012 08:21:18 EDT

Brent futures slipped below $109 on Thursday, hitting a fresh four-month low, as investors avoided riskier assets due to the deepening turmoil in Greece and fears of contagion spreading to other stressed euro zone economies.

Macquarie Consortium Buys E.ON Gas Grid for $4.1 Billion

Thu, 17 May 2012 00:12:29 EDT

A Macquarie consortium purchased for $4.1 billion the gas grid of German energy firm E.ON. Open Grid Europe runs Germany's biggest gas transmission system and is about 12,000 kilometres long.

Greek political turmoil heightens euro exit fears

Wed, 16 May 2012 05:28:02 EDT

Fears of a Greek exit from the euro zone worsening the debt crisis facing other European nations gripped financial markets on Wednesday, sending shares and other riskier assets lower as investors shifted funds into safe havens like the U.S. dollar.

German Growth Rescues Euro From Dive

Tue, 15 May 2012 11:24:07 EDT

The euro pulled back from a four-month low against the dollar during Asian trading Tuesday after Germany, the euro zone's largest economy, announced first-quarter GDP growth of 0.5 percent.

French banks seen cutting thousands more jobs

Tue, 15 May 2012 06:14:02 EDT

France's biggest banks are likely to cut thousands more jobs, catching up with European rivals as they grapple with a slowing economy, weak capital markets and a looming regulatory clampdown by new Socialist president Francois Hollande.

Global Markets Overview 05/15/2012

Mon, 14 May 2012 19:24:11 EDT

Concerns about Greece's possible exit from the euro zone helped to push U.S. stocks to three-month lows, as the Dow industrials lost ground for the eighth time in nine sessions.

EuroCrisis: Why Greece Became a Disaster

Mon, 14 May 2012 18:33:42 EDT

Moody's said on April 13 that it would begin downgrading banks, including BNP Paribas, France's biggest lender, Germany's Deutsche Bank and New York-based JPMorgan and Morgan Stanley, by early May. Yesterday, Moody's spokeswoman Kirsten Knight said the firm's schedule for "concluding bank rating reviews" hadn't changed.

Global Markets Overview - 05/14/2012

Sun, 13 May 2012 19:11:54 EDT

The Dow industrials edged lower to cap their biggest weekly retreat of the year, as big trading losses at J.P. Morgan Chase weighed on sentiment. The Dow Jones Industrial Average fell 34.44 points, or 0.3%, to 12820.60, erasing earlier gains after reports of a Securities and Exchange Commission review tied to J.P. Morgan's trading loss.

China acts to boost loans, bolster flagging economy

Sat, 12 May 2012 14:49:02 EDT

China's central bank cut the amount of cash that banks must hold as reserves on Saturday, freeing an estimated 400 billion yuan ($63.5 billion) for lending to head-off the risk of a sudden slowdown in the world's second-largest economy.

Defensives lead FTSE rebound as banks and miners fall

Fri, 11 May 2012 12:14:02 EDT

The top shares reversed early losses to close higher on Friday with traders citing technical reasons as gains in defensive stocks outpaced falls in banks and miners, which remain hamstrung by European debt and global growth worries.

JPMorgan $2 billion trading loss spooks bank stocks

Fri, 11 May 2012 07:28:01 EDT

JPMorgan Chase & Co's shock trading loss of at least $2 billion (1.24 billion pounds) from a failed hedging strategy knocked financial stocks across the globe on Friday, as well as the reputation of the biggest U.S. bank by assets and its CEO Jamie Dimon.

China industrial output growth weakest in nearly 3 years

Fri, 11 May 2012 03:07:02 EDT

Chinese industrial production weakened sharply in April as investment slowed to its lowest level in nearly a decade, showing an economy that is surprisingly vulnerable to a global slowdown and a credit crunch at home.

China industrial output lowest in nearly 3 years

Fri, 11 May 2012 02:21:02 EDT

Stocks, euro rise on jobs, better Europe view

Thu, 10 May 2012 14:56:03 EDT

Global stocks rose for the first time in seven sessions on Thursday after relatively encouraging U.S. jobs data and as investor sentiment improved regarding Europe's festering debt crisis.

Natixis plans to shut commodities brokerage unit

Thu, 10 May 2012 10:49:03 EDT

French bank Natixis said it plans to close its commodities brokerage division, as one of the oldest ring-dealing members of the London Metal Exchange becomes the latest victim of the European debt crisis.

The Energy Report - More Demanding

Thu, 10 May 2012 08:49:50 EDT

While oil price fell for a 6th day in a row gasoline seemed to mount a rally. According to the Department Of Energy Gasoline demand improved last week but is it possible that demons is not quite as bad as the Energy Information agency seems to suggest! Well at least one person thinks so and that is no other than the Princess of Petrol Trilby Lundberg.

Gold Prices Steady In European Trading

Thu, 10 May 2012 08:25:05 EDT

Gold steadied in Europe on Thursday after falling to a four-month low in the previous session, as an uptick in the euro after Spain moved to clean up its banks and Europe's bailout fund approved a key payment to Greece took some pressure off prices.

Bankers' Bonuses: City of London Banks to Slash Payouts by Nearly Half

Thu, 10 May 2012 04:54:34 EDT

The bankers' bonus pool for the City of London will be cut by almost half this year, according to the Centre for Economics and Business Research (CEBR).

Global Markets Overview - 05/10/2012

Wed, 09 May 2012 22:00:47 EDT

The Dow Jones Industrial Average tumbled for a sixth straight day Wednesday as investors remained focused on fresh concerns about Greece and Spain. The blue-chip Dow fell 97.03 points, or 0.75%, to 12835.06. It had been down as many as 184 points earlier in the session.

Global Markets Overview - 05/09/2012

Tue, 08 May 2012 18:52:41 EDT

The Dow industrials fell a fifth straight day as jitters over political uncertainty in Greece outweighed a rise in U.S. small-business confidence. The Dow Jones Industrial Average slid 76.44 points, or 0.6%, to 12932.09, extending its retreat from last week's four-year closing high.

Global Markets Overview - 05/08/2012

Mon, 07 May 2012 19:11:54 EDT

The Dow industrials lost ground for the fourth session in a row amid concerns that elections in France and Greece could impede Europe's ability to deal with its sovereign debt problems.

French banks BNP, SocGen slash bonuses

Mon, 07 May 2012 13:21:01 EDT

BNP Paribas and Societe Generale , France's two biggest listed banks, said on Monday that they were slashing their annual bonus pool for traders and top bankers after the sector was slammed by funding and capital concerns last year.

Markets, Germany wary as Hollande wins in France

Mon, 07 May 2012 12:42:02 EDT

Francois Hollande's election as French president was greeted by jitters on European markets and a dour front in Berlin where ruling conservatives warned the Socialist that Germans were not ready to fund his promises of an end to austerity.

BNP Paribas says bonuses halved to 487 million euros

Mon, 07 May 2012 12:00:03 EDT

BNP Paribas , France's biggest listed bank, is slashing its annual bonus pool for traders and top bankers by 52 percent, to 488.7 million euros (396 million pounds), according to a regulatory filing posted on the bank's website.

Defeat Looms For Sarkozy As French Vote In High Turnout

Sun, 06 May 2012 08:39:47 EDT

French voters turned out in force Sunday in the second round of presidential elections that are likely to make Nicolas Sarkozy the 11th European leader to be swept from office by the economic crisis.

Stocks, oil slump on weak jobs data

Fri, 04 May 2012 15:00:04 EDT

Global stocks swooned and crude oil tumbled on Friday after a weak U.S. jobs report and data that suggested a deeper recession across the euro zone than previously thought dented sentiment.