Philippe Waechter, head of economic research at Natixis Asset Management, says that France will have more time to reduce its deficit as large cuts in government spending would put growth at risk.» Read More
*Nexans, Sainsbury drop after warning on sales outlook. PARIS, Oct 1- European shares dipped on Wednesday following mixed manufacturing data and as sales warnings from J Sainsbury and Nexans fueled worries over the outlook for European corporate results.
PARIS— France's Socialist government has detailed a 21 billion-euro cost-cutting plan, the biggest in the country's modern history, saying it will focus on trimming welfare benefits.
*Hong Kong unrest saps risk appetite. LONDON, Oct 1- Stocks worldwide began the fourth quarter on a negative note on Wednesday, with investors wary of lacklustre economic data and keeping a cautious eye on civil unrest in Hong Kong. Sales warnings from British retailer J Sainsbury and French cable maker Nexans added to the gloom.
PARIS, Oct 1- French carmaker PSA Peugeot Citroen, placed ninth in the world by vehicle sales, is open to potential partnerships but must complete its restructuring first, its chief executive said on Wednesday.
ALGIERS, Algeria— The silence of Algeria's ailing president since the kidnapping and beheading of a French hiker by Islamic State-inspired militants has ignited new concerns over his health and whether he's fit to rule the oil-rich North African nation— or indeed whether he's still doing so. It was the same situation when extremists stormed one of Algeria's...
PARIS, Sept 30- With no deal in sight over pilot pay and up to 300 million euros of strike costs to absorb, Air France-KLM may need to rethink its route to viability.
*Mood swing from austerity seen helping France's case. PARIS, Sept 30- From Athens to Madrid and Dublin to Rome, France can count on a sympathetic hearing in several European capitals in its campaign for leniency over the latest broken promise to bring its public finances into shape.
PARIS, Sept 30- Lingerie provider Agent Provocateur is seeing brisk business in Russia, Hong Kong and China, contrary to many other luxury brands, and is rolling out a second line co-designed by actress Penelope Cruz and her sister Monica, its head said.
*Euro STOXX 50 index rises 0.5 pct. LONDON, Sept 30- Euro zone shares rose on Tuesday as a batch of weak inflation data increased the chances the European Central Bank will introduce new stimulus measures to boost the region's flagging economy.
*Paris auto show opens to press Thursday, Oct. 2. That is the fear of executives as they gather for the Paris auto show opening on Thursday, the biggest industry event in the regional calendar. Carmakers are rolling out new models in anticipation of closing the gap-- the Paris show floor will be bristling with fuel-efficient small cars and compact SUVs.
LONDON, Sept 30- European shares rose on Tuesday, as another batch of weak euro zone inflation data raised the prospect of new stimulus measures from the European Central Bank to boost the region's flagging economy.
LONDON— Inflation across the 18 euro countries dipped further toward zero in September, piling pressure on the European Central Bank to pull the trigger on its biggest stimulus weapon— a large-scale program to create new money.
CNBC's Stephane Pedrazzi reports on the latest industrial action in France as chemists plan to go on strike over deregulation of the sector.
TORONTO/ HAVANA, Sept 29- Cuba offered to free jailed Canadian executive Cy Tokmakjian in return for $55 million and company assets, his company said on Monday, but the deal fell through because the firm didn't have the money and the businessman wanted to clear his name.
*Corn hits new 5- year low, soybeans at 4-1/ 2 year low. Corn had its first gains in three sessions after falling as low as $3.22 per bushel, the lowest since September 2009. Soybeans rebounded after dropping to $9.05-1/ 2, a 4-1/ 2 year low.
TORONTO, Sept 29- Cuba had offered a deal to release a Canadian executive sentenced to 15 years in prison last week in return for C $55 million and company assets, the Canadian firm's officials said on Monday.
PARIS, Sept 29- Defendants at a French trial involving allegations of insider trading at Airbus Group this week will try to persuade judges it should not take place on the grounds it breaches their human rights, lawyers involved in the case said. That principle is enshrined in the European Convention on Human Rights.
BRUSSELS, Sept 29- The woman likely to become the EU's new trade chief sought to reassure lawmakers on Monday that U.S. companies will not be able to challenge Europe's safety and environmental rules if Brussels and Washington agree the world's biggest trade deal.
PARIS— Beginning with Stella McCartney and ending with powerhouse Saint Laurent, Paris fashion shows packed a creative punch Monday— luring in myriad front row stars such as Salma Hayek, Lenny Kravitz, Catherine Deneuve and Neneh Cherry.
PARIS, Sept 29- France will tighten its budget less than promised even when the impact of the downturn in the economic cycle is stripped out of the equation, Les Echos newspaper reported on Monday.