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Casino's Parent Rallye Buys More Time With New Credit Line

Rallye, the debt-laden parent of French supermarket chain Casino, bought more time on Monday ahead of a key bond refinancing deadline as five banks granted it a new 500 million euro (444.50 million pounds) credit line, the International New York Times ...

Daily Headline - global.abi.org - 09/17/2018 - 22:57 - 0 comments

French Consumer Spending Gets Third Quarter off to Lacklustre Start

a similarly lacklustre first half of the year. Consumer spending increased 0.1 per cent month-on-month, following a 0.3 per cent rise in June and a 1.1 per cent climb in May. A small rise in food ... year. Consumer spending increased 0.1 per cent month-on-month, following a 0.3 per cent rise in June and ...

Daily Headline - global.abi.org - 08/30/2018 - 01:03 - 0 comments

Air France KLM Shares Slump on Risk of Further Strikes

Air France KLM shares slumped on Monday after the airline’s biggest pilots union said over the weekend that there were risks of further strikes if pay talks with management did not resume, The Irish Times reported. Air France KLM shares were down 5.8 ...

Daily Headline - global.abi.org - 08/13/2018 - 23:04 - 0 comments

‘A Write Off’: French Industrial Production Falls Again in May

Dismal news for French manufacturers in May, who saw industrial production fall by 0.2 per cent ... The decline was below the 0.7 per cent rise expected by economists in a Reuters poll, and followed a 0.5 per cent fall in April, according to data from Insee. Over the quarter, manufacturing output in ...

Daily Headline - global.abi.org - 07/10/2018 - 23:55 - 0 comments

French Regulator Rules Out Campaign to Restrict UK Fund Managers

The French financial regulator has said it will not seek changes to “delegation” rules — a move that could have restricted UK fund managers serving overseas clients after Brexit, the Financial Times reported. Current rules permit asset management com ...

Daily Headline - global.abi.org - 06/25/2018 - 21:16 - 0 comments

Uptick in French Business Confidence Dulled by Manufacturing

Business confidence in France was higher than expected in June, with a particular uptick in optimism in the services sector, but the manufacturing sector continued to lose steam, according to the latest survey data from IHS Markit, the Financial Times ...

Daily Headline - global.abi.org - 06/24/2018 - 22:54 - 0 comments

Franco-German Budget Plans Hit Opposition

France and Germany’s “historic” agreement to establish a eurozone budget has run into immediate opposition from hawkish governments that are sceptical of plans to create a fiscal capacity for the single currency area, the Financial Times reported. Eu ...

Daily Headline - global.abi.org - 06/21/2018 - 22:32 - 0 comments

Villeroy Warns ECB Cannot Prevent Market Shock from Trade War

France‘s top central banker has said the European Central Bank cannot step in to offset slower growth or market turmoil should a serious trade war materialise or governments overspend, the Financial Times reported. François Villeroy de Galhau, govern ...

Daily Headline - global.abi.org - 06/21/2018 - 22:36 - 0 comments

France Upbeat on Talks with Germany Over Eurozone Budget

France’s finance minister has hailed substantial progress in Franco-German talks over a budget for the eurozone, signalling that an accord could be reached at a meeting between Emmanuel Macron and Angela Merkel this week, the Financial Times reported ...

Daily Headline - global.abi.org - 06/17/2018 - 21:03 - 0 comments

French Retailer Casino Faces Steep Debt Challenge

Jean-Charles Naouri, chief executive and controlling shareholder of French retailer Groupe Casino, is seen in Parisian circles as the ‘godfather of retail’. In the three decades since the 69-year-old mathematician, former French civil servant and Rothsch ...

Daily Headline - global.abi.org - 06/14/2018 - 00:03 - 0 comments

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