Investment strategy correspondent, London
Ingrid's Feed
Jul 30, 2014

Moscovici says confident will have important economic role in EU Commission

PARIS (Reuters) – France’s candidate for the European Commission Pierre Moscovici is convinced he will have an important economic portfolio, he told Reuters on Wednesday, rebuffing German concerns that France lacked the budget credibility to take such a job.

President Francois Hollande proposed his former finance minister on Tuesday to be France’s representative in the next European Commission, which takes office early November.

Jul 9, 2014

ECB looks to banks to deliver QE on its behalf

FRANKFURT/PARIS, July 9 (Reuters) – The European Central
Bank is hoping a new round of long-term loans will be used by
banks to drive down borrowing costs – a substitute for an
asset-purchase scheme of its own which would avert a potentially
damaging internal split.

The ECB unveiled the loans plan last month as part of a
package of measures to breathe life into a sluggish euro zone
economy, where inflation is running far below the central bank’s
target and there is a dearth of credit to smaller firms.

Jul 5, 2014

Airbus says “jury still out” on A330neo airshow launch

AIX-EN-PROVENCE, France, July 5 (Reuters) – Airbus Group
has not decided whether it will launch its proposed
A330neo jet at this month’s Farnborough Airshow but is confident
about the outlook for plane orders at the gala event, its
strategy chief Marwan Lahoud said on Saturday.

Airbus has drawn up plans to revamp its biggest-selling
wide-body passenger jet to preserve a second front in its
competition with the delayed Boeing 787 Dreamliner in addition
to the new A350.

Jun 25, 2014

France tells investors: just learn to play game our way

PARIS (Reuters) – For the boss of General Electric, the trials and tribulations of doing business in France are summed up in the lyric of an old Rolling Stones’ song: “You can’t always get what you want, but if you try sometimes you just might find you get what you need.”

This pragmatic approach to one of the Western world’s most complex business environments, spelt out in a blog by Jeff Immelt to staff after GE (GE.N: Quote, Profile, Research, Stock Buzz) secured parts of Alstom’s energy business, highlights France’s uneasy investment image.

Jun 20, 2014

EU eyes simpler fiscal rules as pressure grows to boost economy

LUXEMBOURG, June 20 (Reuters) – The European Union will
review its fiscal rules at the end of this year to see if they
can be made simpler and more efficiently used to encourage
growth and jobs after years of budget consolidation.

Planned since the rules were tightened in 2011, at the
height of the debt crisis, the EU review will focus on whether
those changes have worked and if countries are now coordinating
economic policies better.

Jun 20, 2014

EU closes tax loophole for multinational firms

LUXEMBOURG, June 20 (Reuters) – The European Union on Friday
moved to close a loophole that has allowed multinational
companies to reduce their tax bills by exploiting differences in
national tax rules, ending months of negotiations and
potentially boosting EU states’ tax revenues.

Corporate tax avoidance has become a hot issue in
industrialised nations. Campaigners have drawn support from
public anger at companies avoiding taxes at a time of austerity.

Jun 20, 2014

EU eyes simpler fiscal rules in year-end review

LUXEMBOURG, June 20 (Reuters) – The European Union will
review its fiscal rules at the end of this year to see if they
can be made simpler and tweaked to encourage growth and jobs
after years of budget consolidation.

Planned since the rules were tightened in 2011, at the
height of the debt crisis, the review will focus on whether
those changes have worked and if countries are now coordinating
economic policies better.

Jun 20, 2014

ECB joins IMF to tell Europe now is the time for reforms

LUXEMBOURG, June 20 (Reuters) – Very low borrowing costs
give Europe an excellent opportunity to carry out reforms
urgently needed to bolster growth and public finances, ECB
executive board member Benoit Coeure said on Friday.

With the worst of the financial crisis now over and fears of
a break-up of the euro zone all but forgotten, governments in
highly indebted countries from Italy to Ireland are finding it
ever easier and cheaper to borrow.

Jun 19, 2014

EU can be flexible on fiscal consolidation, but reforms first-officials

LUXEMBOURG, June 19 (Reuters) – The European Union could be
flexible about the time members need to fix their budgets if
they reform to boost growth, but it must first have proof such
efforts are taking place, EU policymakers said on Thursday.

Euro zone finance ministers, meeting in Luxembourg, agreed
the Stability and Growth Pact need not be changed to allow for
such flexibility of the EU’s fiscal rules.

Jun 19, 2014

Euro zone ministers say EU fiscal rules flexible, no need to change

LUXEMBOURG, June 19 (Reuters) – The European Union fiscal
rules can accommodate efforts to stimulate economic growth, so
there is no need to change them, EU finance ministers and
policymakers said on Thursday.

The ministers laid out their positions as they gathered for
their monthly meeting, addressing a subject Italy had brought to
the fore when it said earlier this year it wanted EU policies to
better support growth.