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May 23, 2011

Lagarde leads IMF race, competition from Mexico

PARIS/MEXICO CITY (Reuters) – French Finance Minister Christine Lagarde’s candidacy for IMF chief gained momentum in Europe on Sunday while Mexico put forward its own candidate, ensuring competition for the top job.

The Mexican Finance Ministry said it would nominate central bank chief Agustin Carstens, placing a prominent emerging market name into the race to lead the global lender.

May 22, 2011

Lagarde has many countries’ backing for IMF: France

PARIS (Reuters) – French Finance Minister Christine Lagarde’s candidacy to head of the International Monetary Fund gained momentum on Sunday with a close ally of President Nicolas Sarkozy saying she already had several countries’ backing.

Interior Minister Claude Gueant, former chief of staff to Sarkozy and one of his top advisors for the past four years, said Lagarde would make an excellent head of the Washington-based lender, becoming the first member of France’s cabinet to openly tout her credentials.

May 20, 2011

Much-loved Paris shopping shrine to become hotel

PARIS (Reuters) – Say “La Samaritaine” in this city and shopping-mad Parisians will wax nostalgic about a beloved department store which once boasted it had “everything.”

Now, the monument to retail therapy on the right bank of the Seine which has been closed since 2005, is set to undergo a three-year, 450 million euro ($641.9 million) redesign that will transform it into a luxury hotel, with adjacent buildings housing offices, public apartments, and of course, shops.

May 17, 2011

French outraged by U.S. treatment of Strauss-Kahn

PARIS (Reuters) – French Socialist politicians voiced outrage on Tuesday at the parading of IMF chief Dominique Strauss-Kahn handcuffed and unshaven in the United States before he has a chance to defend himself on charges of attempted rape.

Arrested on Saturday and charged with sexually assaulting a chambermaid at a luxury New York hotel, Strauss-Kahn was made by police to walk manacled in front of cameras on his way to a courthouse, and his appearance before a judge was televised.

May 15, 2011

Strauss-Kahn no longer electable for many French

PARIS, May 15 (Reuters) – French voters of all stripes were
shocked on Sunday by news that a man opinion polls had predicted
could be the country’s next president had been charged with
sexually assaulting a hotel chambermaid in the United States.

IMF chief Dominique Strauss-Kahn was arrested in New York
after a maid alleged he had chased her naked down a hotel
hallway, sexually assaulted her and tried to lock her in a hotel
room. [nN15215355]

May 13, 2011

Record cash pile boosts EADS but draws flak

PARIS (Reuters) – Airbus parent EADS (EAD.PA: Quote, Profile, Research) saw its capacity for acquisitions boosted by a record 12.2 billion euro (10.7 billion pound) cash pile on Friday, weeks after governments agreed to bail out losses on a major defence project.

Swelled by deposits from airlines ready to invest in new aircraft, the growing riches of Europe’s largest aerospace company confirm an industry rebound which sent its shares up 5 percent on Friday, together with upbeat quarterly results.

May 13, 2011

EADS record cash pile boosts acquisition scope

PARIS, May 13 (Reuters) – Airbus parent EADS (EAD.PA: Quote, Profile, Research, Stock Buzz) saw
its capacity for acquisitions boosted by a record 12.2 billion
euro (17.3 billion) cash pile disclosed with upbeat results on
Friday, weeks after governments bailed out a troubled project.

The news could create a headache for the company, which in
April signed a deal with seven European nations for a 3.5
billion euro bailout of its A400M military aircraft programme
and is expected to receive European loans for its A350 airliner.

May 12, 2011

Air France crash investigators to open black boxes

PARIS (Reuters) – Relatives of some of the 228 people killed in a Rio-Paris jet crash voiced hope Thursday that their two-year wait for an explanation may soon be over as experts prepared to open the aircraft’s “black box” recorders.

Investigators into the crash of Air France flight 447 over the Atlantic in June 2009 said they were optimistic at least some of the data could be retrieved but interpreting it could take months.

May 12, 2011

Examining Air France crash data to take time – experts

PARIS (Reuters) – Investigators of an Air France crash into the Atlantic two years ago will begin to decode black-box flight recorders but say it will take months and there was no guarantee of finding what caused the destruction of the flight with 228 people on board.

The two orange cockpit voice and flight data recorders, preserved in demineralised water after their recovery from the ocean’s depths nearly two weeks ago, were displayed in public for the first time Thursday.

May 4, 2011

Pakistan PM defends failure to spot bin Laden

PARIS (Reuters) – Pakistan’s prime minister defended on Wednesday his country’s failure to spot Osama bin Laden hiding out in a luxury compound near Islamabad, saying the whole world was to blame for any intelligence failure.

Pakistan is under pressure from the West to explain how bin Laden, who was killed this week in a U.S. raid on his hideout, could have lived for several years in a military garrison town near the Pakistani capital without its intelligence finding out.

    • About Alexandria

      "Alexandria covers general news in the busy Paris bureau, focusing on politics, courts, crime and terrorism. When not covering political crises in the French government, criminal investigations, high-profile trials or visits by foreign diplomats, she can be found writing about fashion, culture and style at Paris Fashion Week or the Cannes Film Festival. Before Paris, Alexandria wrote about the business side of the apparel industry and e-commerce in San Francisco and Los Angeles. She has been with Reuters since 2004. Earlier assignments have included the Michael Jackson molestation trial, Louisiana's BP oil spill, marijuana legalization in California and polygamy in ..."
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