Yahoo finance API is not available right now, please try again soon...

U.S. overtakes France to become Germany’s top trading partner

U.S. overtakes France to become Germany’s top trading partner

Thomson ReutersA stamp on a toy car reading ‘Made in Germany” is pictured in Dortmund By Rene Wagner BERLIN (Reuters) – The United States became the top destination for German exports last year, overtaking France for the first time since 1961 thanks to an … Continue reading at

Maserati reveals its new Levante super-deluxe SUV

Maserati will offer a super-premium SUV called Levante (Photo: Maserati) The super-premium SUV wars are heating up again, with Maserati showing off the look of its entry, the Levante, ahead of the Geneva Motor Show. Other than showing it, Maserati is not … Continue reading at

Research Analysts Set Expectations for Express Scripts Holding Company's FY2017 Earnings (ESRX)

Express Scripts Holding Company (NASDAQ:ESRX) - Equities researchers at FBR & Co. issued their FY2017 earnings estimates for Express Scripts Holding Company in a report released on Wednesday, Zacks Investment Research reports. FBR & Co. analyst S. Continue reading at

Financial Tips

Everybody calling for the Fed to admit defeat is wrong

In December 2015, the Federal Reserve raised rates for the first time in nine years. And then markets got really, really choppy. Following the Fed’s announcement stocks around the world got hammered, the Bank of Japan introduced negative interest rates … Continue reading at

Sentry Investment Management Has ,663,000 Stake in Capital One Financial Corp. (COF)

Sentry Investment Management lowered its position in shares of Capital One Financial Corp. (NYSE:COF) by 12.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,891 shares … Continue reading at

Personal finance tips
“Get All The Support And Guidance You Need To Finance Your Education!”This Book Is One Of The Most Valuable Resources In The World…

Living on your own: Been There and Done It. A Guide to starting a life on your own
Been There And Done! It,this book is a true perspective of starting a life on your own,be it as a single parent or or just as a si…

Financial Tips

China sacks its stock market boss

China has dismissed its top market regulator after a series of policy missteps that contributed to a massive stock selloff. Xiao Gang, chairman of the China Securities Regulatory Commission, was removed from his post, state-run Xinhua news agency reported. Continue reading at

DuPont settles 2nd lawsuit over chemical in drinking water

Click to share on Twitter (Opens in new window) Click to share on Google+ (Opens in new window) Share on Facebook (Opens in new window) Click to share on Pinterest (Opens in new window) COLUMBUS, Ohio (AP) - DuPont has settled the second of two test … Continue reading at

US overtakes France to become Germanys top trading partner

Image by Enrico Salad

Cheaper oil checks January’s inflation

WASHINGTON — U.S. consumer prices were unchanged in January, as the rising costs of housing and health care were largely offset by cheaper oil. But the annual pace of inflation showed signs of acceleration. The Labor Department said Friday that prices … Continue reading at

Aerojet Rocketdyne Holdings, Inc. Expected to Earn FY2017 Earnings of .12 Per Share (AJRD)

Aerojet Rocketdyne Holdings, Inc. (NASDAQ:AJRD) - Analysts at Oppenheimer issued their FY2017 EPS estimates for shares of Aerojet Rocketdyne Holdings in a research note issued to investors on Tuesday, according to Zacks Investment Research. Oppenheimer … Continue reading at

Southern California Gas Co. opposes legislation to require new tests of all Aliso Canyon wells

Southern California Gas Co. is pressing to defeat state legislation to require new testing of all wells at its closed Aliso Canyon gas storage field before operations can restart at the field. The gas company has argued for months that it could restart … Continue reading at

* French/Ger/Nat

German Chancellor Gerhard Schroeder was in Paris on Tuesday for the biannual Franco-German summit with French President Jacques Chirac and Prime Minister Lionel Jospin.

Defence issues dominated this year’s summit.

The French and German leaders endorsed calls for a European Union rapid reaction force to strengthen Europe’s military muscle and urged Russia to allow representatives from Europe’s top security body, the O-S-C-E, to visit war-torn Chechnya.

The leaders also reportedly discussed the ongoing dispute with Britain over E-U tax harmonisation which threatens to dominate the upcoming E-U summit in Helsinki, Finland.

Although they are called “summits”, the extent of France and Germany’s cooperation is such that their leaders meet many times a year.

However, the far reaching strategic issues are usually left for the biannual summit and this time was no exception.

Defence, and the shape of Europe’s security forces in the next century dominated the 74th summit between the two countries in Paris.

In a joint communique, France and Germany welcomed progress on creating a new rapid reaction force which would intervene in circumstances that did not affect the NATO alliance as a whole.

The statement echoed last week’s communique by France and Britain for a 50-thousand to 60-thousand-strong force capable of full deployment within 60 days and able to remain deployed for at least a year.

France and Germany also want to boost Europe’s air force capabilities and in the statement the two countries called for creating a European air transport command.

The two countries called on their European partners to make decisive progress on developing E-U defence capabilities at their upcoming summit in Helsinki, Finland in December.

On other issues, Chirac and Schroeder said they were not concerned about the level of the euro against the dollar.

“The strength of our economies is so good that the current exchange rate between the euro and the dollar is just temporary and does not require any initiative from us.”
SUPER CAPTION: Gerhard Schroeder, German Chancellor

The Euro has performed below expectations since its introduction on January first this year, but has lost further ground in recent days after Britain vetoed a move to harmonize taxes on savings across the 15 member union.

On Chechnya, both leaders expressed concern about the conflict.

“Military means sent will not allow a stable and long lasting solution, therefore we ask for military action to be scaled down and for a political solution which is the only way to stop the conflict and allow dialogue to commence.”
SUPER CAPTION: Jacques Chirac, French President

The two leaders urged Russia to keep its promises and allow representatives from Europe’s top security body, the Organisation for Security and Cooperation (O-S-C-E), to visit the war-torn Chechnya region.

O-S-C-E chairman Kurt Vollebaek visited Moscow on Monday, but got no firm date for a O-S-C-E fact-finding mission into Chechnya.

Later on Tuesday, Schroeder was to address France’s National Assembly, becoming the first German chancellor and only the fifth foreign dignitary, to do so.

You can license this story through AP Archive:
Find out more about AP Archive:

Financial Tips

Tags: , , , , , ,
Previous Post

See recent business announcements for Saginaw County

Next Post
Mutual Funds

Can Mutual Funds be Too Big to Fail? NY Fed Says Yes…Sort Of

%d bloggers like this: