Word: dit
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...gulf region is poised not only to recover from the global slump this year, but could become the second most important center of world economic growth after the economies of east and south Asia, according to John Sfakianakis, chief economist for Banque Saudi Fransi in Riyadh and Crédit Agricole in Paris. "The world has always been too focused on Dubai, but Dubai is not the GCC," he says, referring to the Gulf Cooperation Council, a loose political and economic union of gulf nations. "In the short term, Dubai's problems may impact how the world sees the region...
...Visibility is very poor, so it's impossible to see how badly the flagging real economy will be undermined by this," comments HervéGoulletquer, head of fixed income markets for French Investment Bank Calyon Crédit Agricole. "Growth in emerging markets next year had been expected to mitigate zero-growth anticipated in Europe and the U.S. After all that's happened, no one can say: this could be a mild slowing, or it could be severe...
...state," which, while undoubtedly true, is also a typically British form of insult. But Bruni is not a joke singer, or a novelty act crossing over from one genre to another. (And yes, I'm looking at you, Scarlett Johansson.) Bruni's 2003 debut, Quelq'un M'a Dit, sold over two million copies and thrilled critics...
...risks still lurking undetected; in the aftermath of the subprime crisis it turns out that many banks underestimated the risks posed by the often-arcane financial instruments they were trading. European banks themselves say that most of the bad news is already out, and some - including Barclays, Crédit Agricole and the big Swiss banks - have raised billions of dollars in fresh capital to strengthen their balance sheets. That may not be enough: a recent report by Goldman Sachs estimated that European banks will have to raise a further $95-$140 billion in fresh capital. And in the event...
...Société Générale, according to Mistral, increases the likelihood of a more complex acquisition scheme: the break up of Société Générale's retail network, which BNP covets, from investment banking activities, which interest Crédit Agricole. By tipping its hand, Mistral notes, BNP may be signaling to rivals now mobilizing in the wake of the debacle that it's about to launch a bid it had contemplated even before the Kerviel affair. Meanwhile, comments by French officials indicating the government would step in and prevent foreign...