French business confidence holds near a 2-year low

Note: This section contains information in English only.
Source: Bloomberg
French industrial confidence stayed near its two-year low in August, increasing weight on President Francois Hollande's government to rebound economic growth. Business sentiment index increased to 90, compared to downwardly revised reading of 89 in July, Insee reported on Wednesday. The reading matched economists' forecast.
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Wed, 29 Aug 2012 15:34:10 GMT

Oil falls on Isaac, G-7 statement

Oil dropped from a one-week high and gasoline continued yesterday's fall as Hurricane Isaac struck a coast of Louisiana and the G-7 announced prices are likely to pressure the global economic recovery. Oil futures slid 0.9% and gasoline declined 1.3%. October-delivery crude slipped to $95.44 per barrel and traded at $95.62. October-settlement Brent oil fell 0.9% to $111.85 per barrel.

Wed, 29 Aug 2012 15:12:10 GMT

Euro declines against Dollar on EU meetings

The euro cut earlier gains versus the U.S. Dollar as German Chancellor Angela Merkel and Italian Prime Minister Mario Monti meet in Berlin on Wednesday to discuss ways to curb the debt crisis. The Euro depreciated 0.2% to $1.2542, after touching $1.2574. It slid 0.2% to 79.23 U.K. pence and was stable at 98.57 Yen.

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