Posted by Reuters: Business News on January 14, 2012
PARIS (Reuters) – The loss of France’s much-prized triple-A credit rating three months from elections that will likely hinge on the handling of the economy is a bitter blow for French President Nicolas Sarkozy, who had made the top-notch grade a badge of honor.
Posted by Reuters: Business News on January 6, 2012
PARIS (Reuters) – Italian Prime Minister Mario Monti warned the European Union on Friday not to let divisions over managing its debt crisis blow up into serious splits, and French President Nicolas Sarkozy warned that a euro collapse could trigger instability.
Posted by Reuters: Business News on January 5, 2012
PARIS (Reuters) – French bank Societe Generale is set to announce an overhaul of its private banking unit that will see Daniel Truchi replaced as head of private banking, according to several sources familiar with the matter.
Posted by Reuters: Business News on
PARIS (Reuters) – A March summit of European Union leaders will discuss increasing the firepower of the bloc’s permanent rescue fund, the European Stability Mechanism, to cope with an upcoming glut of sovereign debt maturities, French Prime Minister Francois Fillon said on Thursday.
Posted by Reuters: Business News on
PARIS (Reuters) – French borrowing costs rose slightly when the euro zone’s second-largest economy sold debt for the first time this year on Thursday but demand was solid despite concerns the country could lose its AAA credit rating.
Posted by Reuters: Business News on January 2, 2012
PARIS (Reuters) – Telecom equipment maker Alcatel-Lucent does not expect deep job cuts like those announced by rival Nokia Siemens Networks , Chief Executive Ben Verwaayen said in an interview published on Monday in French daily Les Echos.
Posted by Reuters: Business News on December 31, 2011
PARIS (Reuters) – The euro could become the world’s leading currency in the next decade if leaders of the single-currency bloc succeed in tightening fiscal integration, European Central Bank policymaker Christian Noyer said in an article to be published in the Journal du Dimanche.
Posted by Reuters: Business News on December 25, 2011
PARIS (Reuters) – The head of the International Monetary Fund said the world economy was in danger and urged Europeans to speak with one voice on a debt crisis that has rattled the global financial system.
Posted by Reuters: Business News on December 14, 2011
PARIS/FRANKFURT (Reuters) – Pressure mounted on Wednesday for the European Central Bank to intervene more decisively after financial markets judged that yet another EU summit had failed to resolve the euro zone’s debt crisis.
Posted by Reuters: Business News on December 9, 2011
PARIS (Reuters) – Ratings agency Moody’s downgraded the debt of BNP Paribas , Societe Generale , and Credit Agricole on Friday, citing deteriorating liquidity and funding conditions.
