U.S. House passes debt ceiling rise with minimal majority

Note: This section contains information in English only.
Source: Bloomberg Businessweek
The U.S. House of Representatives passed an increase of the debt ceiling on Tuesday evening, voting with a 221-201 majority, as only 28 Republicans joined the Democratic minority to vote for the document. Therefore, now the Treasury is allowed to borrow till March 15, 2015. However, the bill still has to go through a vote in the Senate, where 60 out of 100 votes are necessary to pass it.
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Wed, 12 Feb 2014 10:46:05 GMT

Total profit plummets as production and prices decline

Total SA, the French-headquartered oil and gas producer, reported a considerable decline in its profit for last three months of 2013, as production and oil prices decreased. Net income dropped 31% to 1.605 billion euro on the annual basis. However, the company increased its dividend payments. Today, Total SA shares are trading up 1% to 44.00 euro by 10:10 GMT

Wed, 12 Feb 2014 10:13:05 GMT

French current account deficit declines amid services trade

French current account posted a considerable improvement in December of the last year, as surplus in trade of services rose from 3.4 billion euro to 4.2 billion euro, while goods trade deficit widened from 4.8 billion euro to 5.1 billion euro. Therefore, the overall negative current account balance improved to 1.2 billion euro in December, falling from 1.9 billion euro

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