Investment strategy correspondent, London
Ingrid's Feed
Oct 2, 2013

ECB says all options open to temper market rates

PARIS (Reuters) – The European Central Bank is watching moves in market interest rates closely and is ready to use any policy option to temper them if needed, its president said on Wednesday.

The central bank was “particularly attentive” to any moves in market rates which could threaten economic recovery or push inflation too low, Mario Draghi told a news conference after the ECB left official euro zone rates at a record low 0.5 percent.

Sep 27, 2013

Paris DIY shops ordered to close Sundays, prompting anger from business

PARIS, Sept 27 (Reuters) – A court has ordered home
improvement shops near Paris to close on Sundays, prompting
anger about the burden of business regulation at a time when
France is barely out of recession and consumers aren’t spending.

The court told Castorama and Leroy Merlin to shut 15 shops
in the Paris region on Sundays, a traditional day of rest,
following on a complaint by competitor Bricorama,
which was itself ordered last year to keep its shutters down on
that day.

Sep 25, 2013

French 2014 budget seeks savings, taxes households

PARIS (Reuters) – France sought on Wednesday to appease public anger over tax hikes and EU concerns over its finances with a 2014 budget bill that focuses largely on finding savings.

But while businesses will face a smaller tax burden to help boost competitiveness, households will be hit by higher taxes to help cut the deficit, a move that could hurt purchasing power.

Sep 25, 2013

French 2014 budget sees savings, more tax on households

PARIS, Sept 25 (Reuters) – France sought on Wednesday to
appease anger over tax hikes and EU concerns over its finances
with a 2014 budget bill that focuses efforts largely on savings.

But while businesses will face a smaller tax burden to help
boost competitiveness, households will be hit by higher taxes to
help cut the deficit, a move that will hurt purchasing power.

Sep 23, 2013

Crime makes Marseille springboard for French far-right’s ambitions

MARSEILLE, France (Reuters) – Gangland killings in broad daylight on the streets of Marseille, and the apparent inability of authorities to do anything about it, have handed France’s National Front a dream springboard from which to launch its far-right agenda.

France’s second largest city, notorious in the 1960s as a link in the “French Connection” which funneled heroin from Turkey to Europe and the United States, has been hit this year by a spate of drug-related murders.

Sep 15, 2013

French far-right aims for success at local, EU elections

MARSEILLE, France (Reuters) – France’s far-right National Front, buoyed by improving poll numbers, is aiming for big gains in municipal elections next year and the top spot in the European parliament ballot, its leaders said at the party’s annual convention.

The two 2014 elections, the first since the Socialists came to power in 2012, will dominate the political agenda in the euro zone’s second-largest country for the next nine months.

Sep 15, 2013

French far-right targets local, EU election wins

MARSEILLE, France (Reuters) – France’s far-right National Front, buoyed by improving poll numbers, is aiming for big gains in municipal elections next year and the top spot in the European parliament ballot, its leaders said at the party’s annual convention.

The two 2014 elections, the first since the Socialists came to power in 2012, are set to dominate the political agenda in the euro zone’s second-largest country for the next nine months.

Sep 11, 2013

France downgrades growth forecast, delays deficit targets

PARIS (Reuters) – France revised its public deficit forecasts on Wednesday, acknowledging it would take advantage of an extra two years granted by the EU in order to put its finances back on track while preserving fragile growth.

The euro zone’s second-largest economy exited a shallow recession in the second quarter but still struggles with weak activity and high unemployment.

Aug 14, 2013

‘London Whale’ colleague keeps low profile in sleepy French village

SARRAZAC, France (Reuters) – Hundreds of miles from the bustling trading rooms where he worked with the “London Whale”, a former JPMorgan trader has taken refuge in a French hamlet where few have heard of the $6.2 billion scandal to which he is being linked.

U.S. authorities on Wednesday filed charges against Julien Grout for crimes related to the scandal, including wire fraud, conspiracy and the falsifying of books and records.

Aug 9, 2013

French industry output shrinks in June, recovery seen tentative

PARIS (Reuters) – French industrial output unexpectedly shrank in June, underscoring the fragility of a hoped-for recovery in the euro zone’s second-largest economy.

A series of positive indicators, including better than expected industrial output in April and May, have prompted President Francois Hollande to tout that recovery “is here.”