GO
Loading...

France

More

  • Police Make New Arrest in SocGen Trading Scandal Wednesday, 12 Mar 2008 | 2:39 PM ET

    Police arrested another employee of Societe Generale on Wednesday as part of its inquiry into an alleged rogue trading scandal at France's second-biggest listed bank, the Paris prosecutor's office said.

  • Feast and Famine Wednesday, 12 Mar 2008 | 7:52 AM ET

    The latest sovereign wealth fund move underlines hemes at this year's MIPIM: where do the value opportunities lie a year after the credit crunch started to take hold, and who will emerge as the new dominant players?

  • SocGen's $8.5 Billion Rights Issue Oversubscribed Tuesday, 11 Mar 2008 | 12:57 PM ET

    French bank Societe Generale said on Tuesday its 5.5 billion euro ($8.45 billion) rights issue was oversubscribed, providing a base for its battle to recover from a trading scandal.

  • As MIPIM Starts, Opportunity Lies East Tuesday, 11 Mar 2008 | 7:57 AM ET

    The 28,000 delegates can now start to discuss the real issue of the day. Who will throw the most fabulous party? And more importantly: how the devil are they making enough money to pay for it?

  • ECB Is Worried About Excessive Currency Moves Monday, 10 Mar 2008 | 10:00 AM ET

    European Central Bank President Jean-Claude Trichet said on Monday that the bank is currently concerned about excessive movements in currency exchange rates which are undesirable for economic growth.

  • Storm Clouds, Not Just in Credit Markets Monday, 10 Mar 2008 | 8:38 AM ET

    We all expected the credit crunch to cast a shadow across the start of this year's MIPIM real-estate conference starting in Cannes tomorrow. But a literal storm was the immediate problem.

  • Veolia 2007 Profit Misses Forecasts, Shares Tumble Friday, 7 Mar 2008 | 12:13 PM ET

    Veolia Environnement, the world's biggest listed water supplier, missed analysts forecasts with a 11.1 percent rise in 2007 recurring operating profit on Friday, sending its shares more than 6 percent lower.

  • EU Warns Against Golden Shares at EADS Friday, 7 Mar 2008 | 12:00 PM ET

    The European Commission warned France and Germany not to introduce "golden shares" at aerospace group EADS, highlighting  concerns about how much control state-backed investors should have over companies whose products are crucial for national security.

  • Central Banks Voice Concern on Inflation Friday, 7 Mar 2008 | 8:22 AM ET

    Central bankers from the world's industrialised and developing regions voiced concern on Friday over surging food and energy prices, their latest big challenge as globalisation unsettles the balance of supply and demand.

  • Euro Strength Reduces ECB's Surplus Thursday, 6 Mar 2008 | 10:18 AM ET

    The European Central Bank's surplus fell to 286 million euros ($439 million) last year from 1.37 billion euros in 2006, because of the euro's strength, the bank said on Thursday.

  • ECB, BoE Expected to Hold, for Now Thursday, 6 Mar 2008 | 5:00 AM ET

    The European Central Bank and the Bank of England are likely to keep interest rates unchanged at their meetings on Thursday but monetary policy easing is on the cards for later, analysts and dealers expect.

  • Credit Agricole: When No Means Maybe Thursday, 6 Mar 2008 | 2:51 AM ET

    Worse results than expected Wednesday morning from Credit Agricole, but that didn't deter buyers. Within hours of getting the news investors were happy to bid the stock up.

  • Credit Agricole Posts Loss; No Takeover Plans Wednesday, 5 Mar 2008 | 12:57 PM ET

    Credit Agricole, France's biggest retail bank, posted a fourth-quarter loss on Wednesday as it booked large writedowns due to the global credit crunch and said it was not planning any major acquisitions.

  • Euro Zone Economy Slows, Inflation Jumps Tuesday, 4 Mar 2008 | 10:33 AM ET
    ** FILE ** Euro coins fall out of the hands of a person in Frankfurt, central Germany, Feb. 4, 2007. The euro set an all-time high against the dollar Friday, April 27, 2007, buying US$1.3682 as fears about a U.S. economic slowdown mounted amid signs of weak growth. L(AP Photo/Michael Probst)

    Quarterly euro zone economic growth almost halved in the last three months of 2007 and prices at factory gates jumped in January, data showed, highlighting the diverging growth and inflation trends faced by the ECB.

  • Euro Zone Inflation Steady, but Still High Monday, 3 Mar 2008 | 5:56 AM ET

    Euro zone inflation remained at a record high in February, the European Union's statistics office estimated on Monday, ahead of the European Central Bank's rate meeting and new growth and inflation forecasts on Thursday.

  • French Consumer Morale Lowest in More than 20 Years Thursday, 28 Feb 2008 | 4:41 AM ET

    French consumer confidence fell to its lowest in more than two decades in February as accelerating inflation made households less inclined to make big-ticket purchases, national statistics office INSEE said on Thursday.

  • ECB's Weber Says Market Bet on Rate Cuts is Wrong Wednesday, 27 Feb 2008 | 12:39 PM ET

    Market expectations that the European Central Bank will cut interest rates fail to consider the dangers of higher inflation, ECB Governing Council member Axel Weber said on Wednesday.

  • Almunia Says Excess Euro Volatility Not Welcome Wednesday, 27 Feb 2008 | 7:58 AM ET

    The euro's exchange rate is shaped by the market but excessive volatility is unwelcome, EU Economic and Monetary Affairs Commissioner Joaquin Almunia said on Wednesday as the euro hit record highs against the dollar.

  • Europe this Week: Banks, Banks, Banks Friday, 22 Feb 2008 | 12:08 PM ET

    The week started and finished with news of the nationalization of British troubled bank Northern Rock, ending a five-month period of uncertainty about the bank’s future. In between, results from banks caused investors ecstasy or agony.

  • Euro Stocks Head for another Whirlwind Week Friday, 22 Feb 2008 | 11:31 AM ET

    Volatility will continue to be the name of the game in European stock markets next week, as jittery investors fear more surprises from the banking sector, analysts said on Friday.