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  • PARIS, Feb 2- Cuba sought to drum up foreign investment on Tuesday as ministers on a state visit to Paris promised French business leaders that the Communist-run country is open for business. Cuba saw growth reach 4 percent last year as the centrally-planned economy gradually opens up and the country re-builds ties with the West. Ricardo Cabrisas Ruiz, Cuba's...

  • PARIS— Drugmaker Sanofi Pasteur said Tuesday it is launching an effort to research and develop a vaccine to prevent the Zika virus, after the World Health Organization declared a global emergency over its explosive spread across the Americas. Sanofi made the first dengue vaccine shot, licensed last year in Brazil after years of scientific struggle to develop...

  • PARIS, Feb 1- France agreed on Monday to convert half of Cuba's debt arrears to Paris into investment projects during a visit by Cuban President Raul Castro to the French capital to forge closer ties. As relations between Washington and Havana warm, France has been eager to build closer financial and commercial ties with Cuba. France and other Paris Club...

  • PARIS, Feb 1- BNP Paribas, France's largest bank, plans to simplify the legal structure of its wealth management operations within the group in some of its branches in France and Asia, according to a statement by the FO banking trade union. Under the wealth management project, BNP plans to fold the legal entity BNP Paribas Wealth Management SA, which stands for a...

  • FRANKFURT, Germany— European Central Bank head Mario Draghi has warned that the "downside risks" facing Europe's economy have increased due to the recent turmoil in emerging markets. Draghi's remark Monday to the European Parliament in Strasbourg, France, comes as the bank is preparing to consider adding to its stimulus efforts at its next meeting on March 10.

  • PARIS— Rescuers successfully diverted a cargo ship threatening to run aground in southwestern France after five days adrift, and started towing it Tuesday toward the Spanish port of Bilbao. The maritime authority for France's Atlantic Coast said in a statement later that the towing operation was successful and the ship was towed far enough from the coast to...

  • DUBLIN, Feb 1- Ryanair forecast that record passenger numbers will enable it to hit its annual profit target despite falling ticket prices, and said it would share the proceeds with investors via a record 800 million euro share buyback. The share buyback, its largest ever, is aimed at cutting the proportion of the company held as American Depositary Receipts...

  • PARIS, Feb 1- French car registrations rose 3.9 percent in January, the country's main auto industry body said on Monday, as Volkswagen appeared to shrug off the scandal over its diesel test-rigging, outpacing Renault and PSA Peugeot Citroen. Sales rose to 138,395 cars, the Paris- based CCFA said in a statement. France's domestic brands also lagged behind foreign...

  • *Asian shares inch up, led by Japan, Australia. *Japan bond yield plunge to record low, 2- yr at -0.10 pct. Friday's surprise move by Japan to negative interest rates sent its bond yields to new lows.

  • *To rationalise production in Europe and Brazil. The restructuring announced on Monday includes the closure of two rolling mills in France, one threading line in Germany and a heat treatment line in Scotland, leading to the loss of about 1,000 jobs on top of previously announced cuts. "Our plan significantly adjusts our industrial footprint in Europe to address...

  • France calls on US to lift economic embargo on Cuba Monday, 1 Feb 2016 | 3:58 AM ET

    PARIS— France called on the U.S. to lift the economic embargo against Cuba during a historic state visit Monday by the Caribbean island's president aimed at boosting economic relations between Havana and Paris. "We appreciate France's traditional position in favor of the lifting of the economic, commercial and financial embargo from the United States...

  • DUBLIN, Feb 1- Ryanair forecast record passenger numbers will enable it to hit its annual profit target, despite falling ticket prices due to security alerts in Europe and cheaper oil. It also announced an 800 million euro share buyback over the next nine months. Ryanair hiked its full-year profit forecast by 25 percent in early September, citing poor summer...

  • French govt flags possible reshuffle in February Sunday, 31 Jan 2016 | 10:02 AM ET

    PARIS, Jan 31- French President Francois Hollande's last ministerial reshuffle before a bid next year for re-election could come in February, government spokesman Stephane Le Foll indicated on Sunday. "If there is a reshuffle, it will be after the 10th, around that time," said Le Foll, who is also agriculture minister, in an interview with Europe 1 radio and news...

  • *Airlines kept flying but safety record poor. TEHRAN, Jan 31- In December 2012, aircraft trader James Kim received a letter from a company based in Cyprus offering to buy four jetliners. The company that tried to buy them, registered in a Nicosia apartment with two directors with names that sounded Iranian, vanished from the radar, Kim said in a telephone interview.

  • GRAINS-Soybeans, corn close strong on bargain buying Friday, 29 Jan 2016 | 5:59 PM ET

    CHICAGO, Jan 29- U.S. soybean futures ended strong on Friday, rallying on month-end buying a day after cancellations of U.S. soybean sales to China sent the market to a three-week low, traders said. CBOT March soybeans finished up 14-1/ 2 cents at $8.82-1/ 4 a bushel, rebounding after dipping to $8.67, its lowest since Jan. 12. March corn ended 6-1/ 2 cents up at $3.72 per...

  • GRAINS-Soybeans, corn rally on bargain buying Friday, 29 Jan 2016 | 2:28 PM ET

    CHICAGO, Jan 29- U.S. soybean futures advanced on Friday, rallying on bargain buying one day after cancellations of U.S. soybean sales to China sent the market to a three-week low, traders said. At the Chicago Board of Trade as of 12:53 p.m. CST, March soybeans were up 11-3/ 4 cents at $8.79-1/ 2 a bushel after trading as low as $8.67, its lowest since Jan. 12.

  • Business events scheduled for the coming month Friday, 29 Jan 2016 | 2:03 PM ET

    WASHINGTON— Commerce Department releases personal income and spending for December, 8:30 a.m.; Institute for Supply Management releases its manufacturing index for January, 10 a.m.; Commerce Department releases construction spending for December, 10 a.m.. BERLIN— Germany's Federal Labor Agency releases January unemployment figures for Europe's biggest...

  • PARIS— Raul Castro is coming to France for the first-ever state visit of a Cuban president to the land of wine and gastronomy, a trip that could boost French investments and promote stronger economic, cultural and tourist ties between Paris and Havana. France, to which Cuba owed $4 billion in overdue loans, led the creditors' negotiations. France hopes to see some...

  • Business events scheduled for the coming week Friday, 29 Jan 2016 | 1:22 PM ET

    WASHINGTON— Commerce Department releases personal income and spending for December, 8:30 a.m.; Institute for Supply Management releases its manufacturing index for January, 10 a.m.; Commerce Department releases construction spending for December, 10 a.m.. BERLIN— Germany's Federal Labor Agency releases January unemployment figures for Europe's biggest...

  • PARIS, Jan 29- France is to sign a deal with Cuba next week to ease the Caribbean island nation's bilateral debt to Paris during a visit by the Cuban president to the French capital, a diplomatic source said on Friday. With ties between Washington and Havana warming, France is eager to further improve relations with Cuba starting with a visit by French President...