*ArcelorMittal will look to move workers to new jobs. FLORANGE, France, Oct 1- ArcelorMittal told unions it will permanently close two mothballed furnaces in northeastern France, enraging workers who blocked access to the steel plant and management offices at the site on Monday.
*ArcelorMittal will look to move workers to new jobs. By Vincent Kessler FLORANGE, France, Oct 1- Steelmaker ArcelorMittal.
FLORANGE, France, Oct 1- Workers occupied the site of two idle ArcelorMittal steel furnaces in northeastern France on Monday as management and unions met in Paris to decide the fate of a plant that has become a symbol of the country's industrial decline.
Tax experts say the planned 75 percent tax rate on France's rich will bring in less than hoped, but still may convince the wealthy to relocate beyond the country's borders.
President François Hollande’s socialist government was facing mounting questions on Thursday night over whether it was preparing to back down on its controversial 75 percent marginal tax rate for the rich, the Financial Times reports.
The call to Vincent Grandil’s Paris law firm began like many others that have rolled in recently. On the line was the well-paid chief executive of one of France’s most profitable companies, and he was feeling nervous.
Happy days are here again for the euro - for now, says this strategist.
With his first Bastille Day approaching on Saturday, François Hollande and his government have had a good start to his presidency, impressing the French with a down-to-earth style, the New York Times reports.
François Hollande, fresh from his first full eurozone crisis summit, is set to turn his attention to the daunting challenge of tackling France’s own rocky public finances: with tax rises looming, it could be a tough week for French business and the better-off. The FT reports.
Art Cashin of UBS discusses what to watch in the markets today, including the upcoming Greek elections. "This is a good weekend to have lots of ice cubes on hand," says Cashin.
The outcome of Sunday’s elections in Greece and France has raised fears that the euro zone debt crisis has entered a new phase, as leaders opposed to austerity threaten to wipe out crisis-fighting measures.