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Stock Market / Finance in France

  • Troika’s proposal to Greece still negotiable - French Finance minister

    FRANCE, 2015/06/07 The Troika’s proposition of cash-for-reform rejected by Greece was negotiable and if Athens wanted to seek consensus, it should come up with an alternative option to a cut in pension benefits, France’s finance minister said on Saturday. “No one ever said - neither the [lending – Ed.] institutions nor the [euro zone – Ed.] nations - that it was take-it-or-leave-it, that it was an ultimatum,” Michel Sapin told Reuters on the sidelines of a ruling Socialist Party congress. Sapin agreed the long-conducted negotiations could fail over the issue of pensions. However, he stressed that Greek government’s arguments were legitimate and urged it to seek new alternatives.
  • Luxembourg court charges French reporter over ‘LuxLeaks’ role

    FRANCE, 2015/05/13 A court in Luxembourg has pressed charges against a French journalist over his role in revealing the so-called “LuxLeaks” scandal involving custom-made tax deals for large corporations. "The investigative judge charged a French journalist accused of being a co-author, if not an accomplice in crimes committed by a former PwC [PricewaterhouseCoopers] employee," the prosecutor's office said in a statement on Thursday, without naming the journalist. A court source later confirmed that the French journalist is Edouard Perrin, who initial broke the story in 2012 in a programme on France 2 TV station.
  • French Market Rises

    FRANCE, 2013/12/21 The French market is firmly in positive territory on Thursday, next the Federal Reserve, at the end of its two-day policy meet, decided to scale back its investment purchase program by $10 billion per month beginning in January. Investors viewed the announcement as indication of recovery in the world's major economy. The Fed said it would add to its holdings of agency mortgage-backed securities at a pace of $35 billion per month rather than $40 billion per month and add to its holdings of longer-term Treasury securities at a pace of $40 billion per month rather than $45 billion per month.
  • Khartoum Welcomes France's Decision to Cancel its Debt

    FRANCE, 2013/11/19  The Sudanese foreign ministry hailed the decision by France to include the country in the inventory of nations that would benefit from the deficit cancellation scheme announced by Paris this week. The deficit relief plan will as well include four other nations namely Somalia, Zimbabwe, Chad and the Ivory Coast in the all of $2.42 billion as incorporated in France's 2014 budget. France's social economy minister Benoît Hamon told the NewZimbabwe.com that "The deficit relief is almost immediate, since we are transferring loans made in the completed into donations".
  • Standard & Poor’s cut its appraisal for France

    FRANCE, 2013/11/11 That was a thumbs-down to President Francois Hollande’s efforts to get the Euro-zone’s second major economy back on track. French Finance Minister Pierre Moscovici denounced the downgrade. An extra setback for the French government as the rating agency Standard & Poor’s cut its appraisal of the country’s credit worthiness. It reduced its rating one notch to AA from AA+. “They’re underestimating France’s capacity to transform itself, to recover. You need to look at other indicators that I think are additional significant – the European Commission says we’ve come out of recession this year with 0.2% increase, we will have 0.9% increase in 2014 and most importantly in 2015, 1.7% increase. France is on track for a solid, credible recovery and that’s what the government is working on.”
  • European stocks drop as tensions rise over Syria

    FRANCE, 2013/08/28 Most European equities fell sharply Tuesday as investors ignored solid data from Germany and eyed possible military intervention in Syria, sending the price of safe-haven gold soaring. While London’s FTSE 100 index slid 0.79 % to 6.440.97 points, other markets were down over two %. Frankfurt’s DAX 30 fell 2.28 % to 8,242.56 points, the CAC 40 in Paris dropped 2.42 % to 3,968 points. Milan dropped 2.34 %, Madrid fell 2.96 %, Athens plunged 4.08 % and Istanbul slumped 4.73 %.
  • Germany's Finance minister Wolfgang Schaeuble

    FRANCE, 2013/08/24 Germany's Finance minister Wolfgang Schaeuble says he expects a next aid package for Greece to be much smaller than the country's existing rescue deals, as daily Kathimerini online reports today. In two bailout packages so far, Greece's European partners and the International Monetary Fund have committed 240 billion euros in loans. This week, Schaeuble said there will have to be an extra aid program next the current one expires next year.
  • French President Francois Hollande

    FRANCE, 2013/07/21 France will provide Tunisia with500 million euros ($645 million) in loans and grants to support the North African national’s democratic transition, French President Francois Hollande said on Friday. “In the next year we will give Tunisia loans and grants worth 500 million euros,” Hollande said in a speech to Tunisia’s Constituent Assembly. Sixty million euros of Tunisian deficit will as well be converted into investment projects, he added.
  • French Finance Minister Pierre Moscovici

    FRANCE, 2013/07/18 French Finance Minister Pierre Moscovici said the government is committed to reducing the public deficit and restoring increase and jobs next Fitch downgraded France credit rating on Friday. Moscovici said that Fitch maintained its stable outlook for the credit rating, to (AA +) From (AAA) and said that it reflects the France efforts to reform the labor market and pension system and reduce the exposure of the banking sector at risk.
  • French Finance Minster Pierre Moscovici

    FRANCE, 2013/07/13 In slashing France's rating to AA+, Fitch became the last of the big three credit raters to knock France off the top perch. Last year Standard & Poor's and Moody's downgraded France from the AAA club. Fitch, which is part French-owned, had warned in its previous appraisal that France had reached the very limit of being able to hold on to its top grade grail.