Euro News

Mining giant Anglo American plc (LSE:AAL) is to post an underlying loss of US$225 million for the 2012 financial year for its platinum business after its 80%-owned Anglo American Platinum Ltd ended the previous year in a 180-degree turn from profit to loss, following a challenging trading environment. In a statement, the Johannesburg Stock Exchange-listed […]

The President of the European Central Bank predicts economic recovery in the third and fourth quarters of 2012. Mario Draghi, President of the European Central Bank (ECB), has argued that he foresees economic recovery for Europe “in the second part” of 2013 as a result of national government’s “extraordinary” fiscal consolidation efforts. In December the […]

George Soros warns of a lack of understanding on how markets operate. Billionaire investor George Soros has argued that Germany is “out of tune” the rest of the world in regard to the Eurozone crisis and there is a lack of understanding of how the financial markets operate. Speaking at the World Economic Forum that […]

A few minutes before the time of writing of this article (the reason I’m writing this article is because of it), I received an email from a Relationship Manager, the name of the person and the firm in which he is connected to I choose to rather omit, informing me of a new development that […]

Motor giant Ford has signed an open letter to Call Me Dave saying how disastrous it would be if the UK left the Evil Empire. Quite why the words of the boss of a foreign corporation should carry any weight at all escapes me but to be lectured by this company on the benefits of […]

Embraer (BOV:EMBR3) in new JV with AgustaWestland Embraer (BOV:EMBR3) has announced that it has signed a memorandum of understanding with AgustaWestland, which is controlled by the Italian company Finmeccanica, to form a joint venture here in Brazil. Everything indicates that it will be for the production of AgustaWestland helicopters for military and commercial market in […]

Virgin Group Chairman Sir Richard Branson and WPP CEO Sir Martin Sorrell back UK Membership of the European Union UK business leaders have signed a letter warning Prime Minister David Cameron from seeking a whole renegotiation of the country’s membership of the European Union (EU). Supported by Virgin Group Chairman Sir Richard Branson, BT Group […]

Car manufacturer Peugeot Citroen (EU:UG) announces a European sales fall of 16.5% 2012. Peugeot Citroen has announced that their European sales are down by 16.5% in 2012, though sales in China were up by 7.2% and 10.1% in Russia. The French based firm saw a worldwide sales fall of 8.8%, down to 2,820,000 units, citing […]