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Francois Hollande

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  • TOKYO, Dec 19- The safe-haven yen was on the back foot on Friday, as risk assets staged a broad recovery and investors awaited a press conference by the head of the Bank of Japan after the central bank held policy steady. "The focus still remains on broader risk appetite, the continued fall in commodity prices, in particular oil, and the divergent monetary policies of...

  • TOKYO, Dec 19- The safe-haven yen was on the back foot on Friday, as risk assets staged a broad recovery and investors awaited the outcome of a Bank of Japan meeting. The dollar added 0.2 percent against the yen to buy 119.06 yen, while the euro tacked on 0.2 percent to 146.21 yen. BOJ Governor Haruhiko Kuroda will likely repeat calls for firms to increase wages at his...

  • BRUSSELS, Dec 18- The president of the European Central Bank urged the region's leaders on Thursday to speed along a new EU investment plan and renewed his calls for economic reform. At a meeting of European Union leaders including Germany's Angela Merkel and France's Francois Hollande, Mario Draghi warned of the fragile state of the euro zone's economy where...

  • But the global context together with new reforms due to kick in next year are leading some to bet that France can achieve its 1 percent growth target for next year- modest by many standards but more than twice the 2014 growth estimate of 0.4 percent. "The chances of the government getting the 1 percent growth it based its budget on have risen quite substantially,"...

  • Russian sailors leaving France without warship Thursday, 18 Dec 2014 | 8:29 AM ET

    The Vladivostok helicopter carrier is part of a strange and divisive arms deal now on hold— and perhaps on the verge of collapse— because of the conflict in Ukraine. France built it for Russia's navy but is now having second thoughts, notably amid heavy U.S. criticism of the deal. His change of heart reflects Europe's evolving relationship with Russia, a powerful...

  • French parliament passes deficit-cutting 2015 budget Thursday, 18 Dec 2014 | 6:08 AM ET

    Dec 18- The French parliament approved President Francois Hollande's revised 2015 deficit-cutting budget on Thursday, although it remains to be seen whether the European Commission will demand further efforts early next year. The budget has been at the center of a stand-off between the European Commission and France after Paris broke a promise to bring its...

  • FRANKFURT/ PARIS, Dec 17- European Central Bank policymakers are discussing how best to act to revive the euro zone economy rather than whether to do so, ECB board member Benoit Coeure said, as France pressed for a "more suitable" monetary policy for the common currency area. Coeure, a Frenchman close to ECB President Mario Draghi, said there was support on the bank's...

  • The Millenaire mall: coping in low-growth France Sunday, 14 Dec 2014 | 2:00 AM ET

    AUBERVILLIERS, France, Dec 14- In the middle of 2008, construction began on France's biggest mall project in a decade. The 140- store centre, dubbed a "ghost mall" by some visitors, epitomizes the current state of France: high expectations stalled by low spending, dispirited entrepreneurs and a lack of growth prospects since GDP slumped 2.9 percent in 2009 and...

  • PARIS, Dec 13- Bundesbank President Jens Weidmann said the European Commission's decision to give France longer to prove it is serious about economic reform and fixing its excessive public deficit risks damaging the credibility of the bloc's budget rules. "France announced that it will not reach the agreed deficit goal in 2015 and has clearly put back the...

  • *ECB chief to meet Europe's leaders in Brussels. FRANKFURT, Dec 12- The head of the European Central Bank is set to tell European leaders in stark terms at a summit next week that they need to reform straggling economies or risk blunting an ambitious monetary offensive to help revive the stagnant euro zone. As the central bank inches closer to printing money to buy...

  • PARIS, Dec 11- France's pension system faces a new risk of entering a deficit due to optimistic projections for economic growth and job creation, a government-mandated watchdog said, less than a year after the system's latest overhaul. President Francois Hollande's Socialist government enacted its latest reform of the system in December 2013, the fourth...

  • *Left-wing of Socialist Party warns they will oppose. PARIS, Dec 10- France's government proposed a reform bill on Wednesday that is crucial for avoiding EU sanctions but risks being watered down by left-wing lawmakers angry with President Francois Hollande's deregulation drive. It is France's attempt to prove to its European Union peers that the euro zone's...

  • France makes new effort to encourage hiring Wednesday, 10 Dec 2014 | 1:11 AM ET

    PARIS— Creating jobs in France is proving harder than expected. Economy Minister Emmanuel Macron presented Wednesday a new bundle of policies that aim mainly to free up France's notoriously inflexible labor rules and regulations. "Macron's Law," as the bill has been dubbed, has sharply divided Hollande's own Socialist Party but drawn praise from France's...

  • *FTT launched by Germany, France and nine others in Oct. 2012. The tax, first proposed in the 1970 s to penalise short-term currency speculators, was seized on by France and Germany in 2012 as a political symbol to correct the excesses of the financial sector blamed for the worst crisis in a generation. Finance ministers from Austria, Belgium, Estonia, France, Germany,...

  • MOSCOW, Dec 6- French President Francois Hollande said after an impromptu visit to Russia for crisis talks with Vladimir Putin on Saturday that a ceasefire could take hold in eastern Ukraine in the next few days. The Russian president, who met Hollande during his stopover at a Moscow airport after a trip to Kazakhstan, said he also hoped agreement would be reached...

  • French bosses take to streets for week of protests Monday, 1 Dec 2014 | 8:41 AM ET

    The protests in Paris and the southwestern city of Toulouse are the first in a week of demonstrations organised by employer groups before the Dec. 10 unveiling of a law President Francois Hollande's government hopes will boost investment and jobs. "We are the economy, we are work," a rally of largely small business-owners and traders chanted outside the Finance...

  • PARIS, Dec 1- Francois Hollande has about 100 days to deliver on reforms that have eluded past French leaders after the European Commission set a deadline for clearing barriers to growth in the euro zone's second largest economy. If changes are not made by March 2015, economy commissioner Pierre Moscovici-- French finance minister until eight months ago-- could...

  • French jobless total hits new record in October - govt Thursday, 27 Nov 2014 | 12:00 PM ET

    PARIS, Nov 27- More people were unemployed in France in October than ever before, data showed on Thursday, highlighting continued weak activity in the euro zone's second-largest economy. The Labour Ministry said the jobless total in mainland France rose by 28,400 to 3,460,900, a 0.8 percent increase over one month and 5.5 percent over one year.

  • Safran opens composites plant for LEAP jet engine Monday, 24 Nov 2014 | 9:54 AM ET

    COMMERCY, France, Nov 24- French President Francois Hollande on Monday inaugurated a $200 million Safran plant in eastern France designed to make carbon-composite parts for its new LEAP aircraft engine. LEAP is the latest engine produced by the CFM International joint venture between Safran and General Electric, and will power the next generation of Boeing...

  • *Washington conciliatory after secret talks angered Paris. *France risks losing out commercially if Iran deal struck. France, a U.N. Security Council veto-holder, has long held out for strict terms trading a loosening of international sanctions on Iran's oil-based economy in return for commitments by Tehran to show its nuclear work is as peaceful as it insists.