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Europe Top News and Analysis France

  • France Train.jpg

    France faces travel chaos on Wednesday as transport unions broaden a nationwide strike against pension changes that President Nicolas Sarkozy has pledged as part of an ambitious plan to reform the economy.

  • European stock indexes closed mixed on Tuesday as the impact of gains in telecoms inspired by a raised outlook from Vodafone, was countered by losses in the energy sector which tracked weaker oil prices.

  • Origination of European securitisations will probably slow for the full year versus 2006, the first time this has happened since 2000, as credit market turmoil bites, the European Securitisation Forum said on Tuesday.

  • European shares ended flat on Monday after a three-day losing streak as a bounce-back in financial stocks, which have borne the brunt of the global liquidity crisis, offset a fall in energy shares.

  • Soaring food and petrol prices pushed British factory gate inflation to its highest level in nearly 12 years in October, denting expectations that interest rates are about to fall.

  • European equities slid to their lowest close in seven weeks on Friday as investors continued to dump banking shares on persistent credit worries and as tech stocks tumbled on fears over the outlook for the sector.

  • The Euro sculpture is seen in front of the European Central Bank in Frankfurt, central Germany.

    1st pThe European Central Bank is ready to head off inflation risks, policymakers said on Friday, a day after leaving interest rates on hold for the fifth month in a row.

  • European equities lost ground on Thursday, ending at their lowest close in six weeks as persistent credit fears continued to pull banking stocks lower.

  • The European Central Bank left rates unchanged as expected on Thursday, with analysts saying the doves in the governing council had the upper hand.  The Bank of England also left the rates on hold, with analysts expecting it to ease monetary policy early next year.

  • European Central Bank policymakers have been relaxed about the euro's steep rise against the  dollar -- in public at least -- but its move towards $1.50 is raising the prospect that it might intervene.

  • European stocks rose slightly Tuesday, snapping a three-day losing streak, as investors embraced some upbeat earnings reports from the likes of Swiss Reinsurance and U.K. retailer Marks & Spencer.

  • European shares declined for a third straight session on Monday, with banks again topping the losers' list as Citigroup's warning of loan losses sparked fresh worries over the impact of credit market woes.

  • Global banks are going to take far longer than previously imagined to clear away debris left by a receding tide of U.S. subprime mortgages which has played havoc with balance sheets, a top investment banker said on Monday.

  • European aerospace and defence group EADS announced on Monday its estimate for charges related to the revised delivery schedule for its A400M plane.

  • Euro zone factory growth sank to its slowest pace in over two years in October, led by a sharp slowdown in Germany and a contraction in Spain, final figures from a key monthly survey showed on Friday.

  • European bank stocks took a dive on Thursday as fear spread among investors that the U.S. subprime crisis will take another huge chunk out of profits in the fourth quarter.

  • Gaz de France reported a 6.5 percent fall in nine-month revenues at 18.130 billion euros ($26.13 billion), as almost neutral weather conditions in the third quarter helped make up for an unusually mild winter.

  • Major European markets ended in positive territory Monday, as anticipation of lower U.S. interest rates helped sentiment.

  • Britain only has itself to blame for how problems at Northern Rock turned into the first run on a UK bank in 140 years, the European Union's top financial regulator, Charlie McCreevy, is expected to say later Friday.

  • France is considering banning the use of the sole genetically modified crop grown in the European Union, a maize produced by U.S. biotech giant Monsanto, Agriculture Minister Michel Barnier said on Wednesday.