Edition:
United States

Matthieu Protard

EU may need $1.7 trillion post-coronavirus package: French EU commissioner

Apr 21 2020

PARIS An economic support package being readied to help the European Union recover from the coronavirus crisis may need be to worth around 1.6 trillion euros ($1.7 trillion), the EU's industry chief Thierry Breton said on Tuesday.

Airbus adds 15 billion euro credit line, scraps dividend

Mar 23 2020

PARIS Airbus boosted its liquidity with a 15 billion euro ($16 billion) expanded credit facility on Monday while suspending its 2020 outlook in response to the coronavirus crisis that has grounded much of the global airlines fleet.

Retailer Casino to sell Leader Price assets in France to Aldi

Mar 20 2020

PARIS Debt-laden French retailer Casino has agreed to sell 567 Leader Price stores in France, plus three warehouses, to German discount rival Aldi in a deal with an enterprise value of 735 million euros ($792 million), it said on Friday.

Huawei to build French factory regardless of 5G decision, executive says

Mar 04 2020

PARIS Huawei will build a factory in France regardless of the government's decision on whether to use its equipment in a new 5G network, an executive at the Chinese telecoms giant said. | Video

AXA shares fall after it lowers 2020 earnings guidance for XL unit

Feb 20 2020

PARIS French insurer AXA lowered its 2020 profit guidance for its companies-focused XL unit and named a new boss for the division, as it stepped up measures to reduce exposure to risks stemming from natural disasters that become more frequent.

UPDATE 2-AXA shares fall after it lowers 2020 earnings guidance for XL unit

Feb 20 2020

* Shares slide 3%, other insurers also fall (Updates with share price reaction, CEO, analyst quotes)

BNP Paribas cuts profitability outlook due to low interest rates

Feb 05 2020

PARIS BNP Paribas SA on Wednesday cut its target for profitability this year and warned revenue from its retail networks in Europe could decline due to low interest rates, although fourth-quarter earnings came in ahead of estimates.

French workers turn to sabotage as transport strike flags

Jan 21 2020

PARIS French energy workers protesting against President Emmanuel Macron's pension reform plans cut power to Paris' wholesale food market on Tuesday in the latest of a series of sabotage and wildcat actions as a weeks-long transport strike loses momentum.

Rothschild strikes new deal in Britain with takeover of Livingstone

Oct 24 2019

PARIS, Oct 24 Rothschild, the historic banking firm whose alumni include French President Emmanuel Macron, on Thursday struck its second British takeover deal in a few months, with the acquisition of boutique financial advisory firm Livingstone.

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