France

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Peugeot, French Government Resolve Supplier Bailout Dispute

PSA Group said on Wednesday it had reached agreement with the French government over the carmaker's contribution to a rescue plan for struggling supplier GM&S, defusing their public stand-off ahead of a key bankruptcy hearing, Reuters reported. ...

Daily Headline - global.abi.org - 07/19/2017 - 23:03 - 0 comments

Peugeot in French Stand-Off Over Bailout Demands for GM&S

French carmaker PSA Group is resisting government demands that it raise a bailout offer to struggling supplier GM&S, ahead of a Wednesday bankruptcy hearing that may decide its fate, Reuters reported. The threat to GM&S and its 277 jobs is in the ...

Daily Headline - global.abi.org - 07/18/2017 - 22:17 - 0 comments

French insolvency statistics: Fluctuat nec mergitur?

The 2017 Dun & Bradstreet Global Bankruptcy Report shows that bankruptcy rates have declined in 16 out of 23 European countries while Economic growth is slowing. The UK is the only major European economy to record increasing bankruptcy rates in 2016 ...

Resource Article - twallace@abiwor... - 06/30/2017 - 09:52 - 0 comments - 1 attachment

French Discount Store Tati to be Bought by Rival Gifi

Tati, the iconic cut-price shop whose historic store stands near Paris's Sacre Coeur monument, is to be sold to domestic rival Gifi, said a lawyer involved in Tati's restructuring process, Reuters reported. Thomas Hollande, the son of former Fr ...

Daily Headline - global.abi.org - 06/26/2017 - 21:59 - 0 comments

French Oil Services Firm CGG Files for Bankruptcy

French oil services firm CGG said on Wednesday it had filed for bankruptcy in France and the United States as part of financial restructuring to reduce its debt burden. The company, in which the French state public investment bank Bpifrance Participation ...

Daily Headline - global.abi.org - 06/14/2017 - 22:34 - 0 comments

French Industrial Production Unexpectedly Drops

economic pickup across the eurozone. Total industrial output fell 0.5 per cent over the month, in contrast to forecasts of a 0.2 per cent rise, the Financial Times reported. The surprise contraction brought the year on year growth figure down to 0.6 per cent, from 2.5 per cent the previous month. The ...

Daily Headline - global.abi.org - 06/11/2017 - 22:40 - 0 comments

French Unemployment Falls to Lowest Since Eurozone Crisis

France’s troublesome unemployment rate has fallen to the lowest level since the depths of the eurozone crisis, with an impressive drop from 10 per cent to 9.6 per cent in the three months to March, the Financial Times reported. Double digit unemploym ...

Daily Headline - global.abi.org - 05/18/2017 - 22:15 - 0 comments

AerCap Still Sees Good Demand for Most Popular Wide-Body Jets

The world's largest independent aircraft leasing company, AerCap said on Tuesday there was "good solid demand" for the wide-body jets, after concerns surfaced in the U.S. about weak demand for the most widely traded types of jets, Reuters ...

Daily Headline - global.abi.org - 05/09/2017 - 22:48 - 0 comments

Bank of France Turns Optimistic on French GDP Growth

France forecast a 0.5 per cent GDP expansion in three months to the end of June – the period encompassing ... likes of Spain. French GDP growth softened to just 0.3 per cent in the first quarter of this year while ...

Daily Headline - global.abi.org - 05/09/2017 - 23:04 - 0 comments

Worries About Le Pen Evaporate Before Run Off: French Election Monitor

With just three days to go before the final round of French elections, a sense of calm pervades markets as Emmanuel Macron looks set to prevail over rival Marine Le Pen, Bloomberg News reported. Risk gauges show investors are mostly ruling out the possib ...

Daily Headline - global.abi.org - 05/04/2017 - 22:00 - 0 comments

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