Credit Agricole and BNP enfolded by debt sales

Note: This section contains information in English only.
Source: Bloomberg

BNP Paribas SA and Credit Agricole SA, the leading French corporate bond distributors predict slowdown for 2012 as both companies have managed to attract the least amount of capital in second half of 2011 since 2007. The turnover of bonds issued by French firms had declined 22% from July 1. The bond market may tumble even more as S&P considers the downgrading of France.

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Fri, 30 Dec 2011 08:45:48 GMT

US pending house sales surge to 19-month high

US pending home sales increased essentially in November, approaching 19-month high. The pending home sales index jumped by 7.3% last month while analysts expected only 1.5% increase, reported the National Association of Realtors. The jump may be a result of delayed transactions, said Lawrence Yun, chief economist. After the release of data, USD advanced against the Euro and the pair EUR/USD was traded at 1.2928,

Fri, 30 Dec 2011 09:01:49 GMT

Germany to speed up bailout payments

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