Tags: France

France government to loan EUR4.5 billion to pay Credit Lyonnais debts by year-end - French official

The government of France had taken plans to pay debts incurred from the collapse of Credit Lyonnais, said a Reuters report.


S&P downgrade lowers France's credit rating

Standard & Poor's downgraded France's credit rating from AA+ to AA, citing President Francois Hollande's ineffective growth policies.

Numericable IPO raises record amount in four years

By raising USD875 million on its market debut, Numericable recorded th biggest IPO in the French market for the past four years.

Essilor agrees to buy sunglass maker Costa for USD270 million

Opthalmic lens maker Essilor announced it plan to buy sunglass company Costa for USD270 to tap the growing market of prescription sun lens.


Latest News

According to Alcatel-Lucent SA CEO Michael Combes, investor confidence has returned to the French technology manufacturing firm.
Like a death in the family, union members of PSA Peugeot Citroen factory located in Aulnay, France mourn the closure of the 40 year old plan.
The earnings before interest, taxes, depreciation and amortization for Orange SA declined as both sales revenues and share prices also declined.
French frozen baking industry leader Europeene des Desserts was recently bought out by Equistone Partners Europe Ltd's Fund IV.
The Transatlantic Trade and Investment Partnership had faced gale winds and now stands to undergo rough seas.
There has been an increasing clamor from politicians, store associations and laborers alike to ease store hours regulations amidst a struggling French economy.
France and the European Union are conducting inquiries as to the tactics employed by Apple that would violate antitrust regulations.
France would start tenders for its hydroelectric power concessions by next year. France said it intended to start tenders for hydropower concessions in the first half of 2014.
Peugeot Citroen said it would halt car production in Aulnay this November. French multinational automobile and motorcycle maker Peugeot Citroen would be stopping production in one of its plants earlier than scheduled.
French President Francois Hollande said he would continue to stimulate the jobs market to chip down the soaring unemployment numbers in the country.
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