Bank of France governor says rebound requires reforms;Trichet advocates cutting public spending, transforming labor market

Article Abstract:

Jean-Claude Trichet, governor of the Bank of France, said government reforms are still necessary to sustain the rebound. Trichet said that public spending should be lower and the labor market should create jobs. The French economy's growth reached 2.9% last year.

France, Brief Article, Beliefs, opinions and attitudes, Trichet, Jean-Claude, Banque de France

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Philippines plans to increase stake in PNB

Article Abstract:

Philippine National Bank announced that the Philippine government planned to increase its share in the struggling bank. However, the government, which already owns 16% of the bank, would not acquire a controlling share.

Philippines, Philippine National Bank

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Bak Leumi reportedly seeking to sell Koor stake

Article Abstract:

Bank Leumi is attempting to sell off its minority share in Koor Industries Ltd. Bank Leumi could sell off its 5.8% share in Koor to Claridge Group.

Diversified Companies, Israel, Mergers, acquisitions and divestments, Bank Leumi le-Israel B.M., Koor Industries Ltd.

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