Europe Top News and Analysis France

  • Shares of SAP, the world's leading business software maker, tumbled Monday on the news that it would buy Franco-American company Business Objects, as investors feared the price of the transaction was too high.

  • Germany's finance minister appeared on Monday to dash prospects of a common response by euro zone nations to the single European currency's rising exchange rate, declaring "I love a strong euro."

  • The world's top banking supervisors gathered on Monday to review remedies to a crisis that has seen a major disruption of the global financial system and risks to global growth.

  • Euro-zone businesses and households can expect access to bank loans to be tougher in the months to come as banks batten down the hatches in the wake of the credit market turmoil.

  • Inflation pressures in the euro zone rose to a seven-year high in August and remain in an upward trend, a report said on Friday.

  • The European Central Bank and the Bank of England held rates steady, with policymakers still gauging the full extent of the impact of the global liquidity squeeze.

  • Excessive foreign exchange volatility is potentially damaging to the global economy, European Central Bank President Jean-Claude Trichet said on Thursday.

  • ICAP, the world's biggest inter-dealer broker, said on Thursday it expected annual underlying profit to be at the upper end of analysts' forecasts, with recent market volatility helping to boost trading volumes.

  • European aerospace group EADS and its shareholders were engulfed in a deepening controversy on Wednesday as the prosecutor's office confirmed it had received a report on insider share trading from French regulators.

  • The European Central Bank should leave interest rates on hold for now but consider cutting them if the economy worsens, Belgian Finance Minister Didier Reynders told a French newspaper in an interview published on Wednesday.

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    European stocks ended the third quarter lower, with banks taking the hit, but Federal Reserve rate cuts should help markets calm down in the fourth quarter and even finish the year on a positive note if no other major bad news emerge.

  • I am writing this in Munich airport, yet again waiting for another delayed flight. Getting around Europe these days by aircraft is a frustrating business. Planes are full and aircraft movements appear to be overwhelming the ability of both the airlines and the air-traffic controllers to keep schedules. This notwithstanding the 'flexibility' of departure times already built into the timetable.

  • The credit market squeeze helped to drive growth in euro zone corporate borrowing to a record high in August, figures showed on Thursday, as some firms found that their usual funding channels had dried up.

  • Credit markets eased Wednesday, not from any big improvement in underlying conditions but because the U.S. Federal Reserve is expected to throw moral hazard concerns to the wind and cut rates again in October.

  • French-Dutch airline Air France KLM is planning to team up with two Spanish firms to bid for Spain's Iberia against a group led by private equity group TPG, Expansion newspaper said on Wednesday.

  • The asset manager of Belgian-Dutch financial group Fortis said on Tuesday it would buy a Tokyo-based asset managing firm wholly owned by Germany's Commerzbank to expand its operations in Japan.

  • European stocks closed mixed under the weight of the impact of the global credit turmoil on the banking sector and with scattered good news from other sectors.

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  • Customers line up to enter a Northern Rock branch in Bromley, in south-east London, 14 September 2007.

    Troubled British mortgage lender Northern Rock has taken legal advice about whether to pay out a 59 million-pound (US$119 million) dividend to shareholders, the Financial Times said on Monday.

  • Customers line up to enter a Northern Rock branch in Bromley, in south-east London, 14 September 2007.

    Three leading hedge funds are planning a break-up of beleaguered British bank Northern Rock, according to a newspaper report on Sunday.