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Nov 28, 2012

French government says has buyer for ArcelorMittal site

PARIS (Reuters) – The French government has found an industrialist willing to invest 400 million euros ($516.4 million) to renovate ArcelorMittal’s (ISPA.AS: Quote, Profile, Research, Stock Buzz) Florange steelworks in northeast France, a minister said.

Raising pressure on the group to agree to a sale, Industry Minister Arnaud Montebourg told lawmakers the interested party was a private investor from the steel industry who wanted to inject money into the site with the financial backing of the French state.

Nov 28, 2012

French govt says has buyer for ArcelorMittal site

PARIS, Nov 28 (Reuters) – The French government has found an
industrialist willing to invest 400 million euros ($516.4
million) to renovate ArcelorMittal’s Florange
steelworks in northeast France, a minister said.

Raising pressure on the group to agree to a sale, Industry
Minister Arnaud Montebourg told lawmakers the interested party
was a private investor from the steel industry who wanted to
inject money into the site with the financial backing of the
French state.

Sep 12, 2011

Chirac, Villepin deny took millions in Africa cash

PARIS (Reuters) – Former French president Jacques Chirac and his prime minister Dominique de Villepin have denied accusations by a one-time aide that they took millions of dollars in illicit cash handouts from African leaders.

In explosive — if hard to verify — testimony seven months ahead of a presidential election, lawyer Robert Bourgi told a radio station on Monday that he had handed them some $20 million from heads of state of former French colonies. The secret campaign donations were sometimes concealed in African drums or crammed into suitcases. Both Chirac and Villepin plan to sue.

Sep 9, 2011

Galliano gets $8,400 fine for anti-Semitic outburst

PARIS (Reuters) – A French court handed out a 6,000 euro ($8,421) suspended fine to John Galliano on Thursday after finding him guilty of anti-Semitic behavior , marking the end in a fall from grace for the former head designer of fashion house Dior.

For Galliano, whose worth is estimated in the millions of dollars, the penalty — suspended for several years — avoids any financial burden and is unlikely to constrain his liberty.

Sep 8, 2011

Galliano gets 6,000 euro fine for anti-Semitic outburst

PARIS (Reuters) – A French court handed out a 6,000 euro ($8,421) suspended fine to John Galliano on Thursday after finding him guilty of anti-Semitic behavior, marking the end in a fall from grace for the former head designer of fashion house Dior.

For Galliano, whose worth is estimated in the millions of dollars, the penalty — suspended for several years — avoids any financial burden and is unlikely to constrain his liberty.

Sep 7, 2011

Syria could lash out as pressure grows: French judge

PARIS (Reuters) – France’s top anti-terrorism judge says Syria could lash out at the West in response to growing pressure for an end to Bashar al-Assad’s rule.

“Syria is scary,” Marc Trevidic told Reuters in an interview as the world marks ten years since the 9/11 attacks on New York’s World Trade Center and the Pentagon.

Aug 17, 2011

Sarkozy and Merkel push euro unity, no joint bonds

PARIS (Reuters) – France and Germany unveiled far-reaching plans on Tuesday for closer euro zone integration and said joint euro bonds may be a longer-term option, leaving the currency area vulnerable to more attacks from traders.

Under heavy pressure to restore confidence in the euro zone following a dramatic market slump, President Nicolas Sarkozy and Chancellor Angela Merkel stopped short of increasing the bloc’s rescue fund but vowed to stand side-by-side in defending the euro and laid the groundwork for future fiscal union.

Aug 16, 2011

Sarkozy and Merkel push euro integration, no joint bonds

PARIS (Reuters) – France and Germany unveiled far-reaching plans on Tuesday for closer euro zone integration and said joint euro bonds may be a longer-term option, leaving the currency area vulnerable to more attacks from traders.

Under heavy pressure to restore confidence in the euro zone following a dramatic market slump, President Nicolas Sarkozy and Chancellor Angela Merkel stopped short of increasing the bloc’s rescue fund but vowed to stand side-by-side in defending the euro and laid the groundwork for future fiscal union.

Aug 12, 2011

No plan to expand short-selling ban – ESMA

PARIS (Reuters) – The chairman of the European Securities and Markets Authority said while there was no plan to extend a ban on short-selling financial stocks to other countries, such a move could not be ruled out.

ESMA Chairman Steven Maijoor told Reuters TV the curbs, brought in to rein in wild fluctuations in European stock values amid a flurry of rumours, would be in place for a while and would not be permanent.

Jul 20, 2011

CIA’s Petraeus says trusts Pakistan in fight vs al Qaeda

PARIS (Reuters) – General David Petraeus, Washington’s new intelligence chief, said on Wednesday he trusted Pakistan as an ally in the fight against al Qaeda and gave a cautiously upbeat overview of the war in Afghanistan which he led for the past year.

Petraeus, who handed over command of foreign troops in Afghanistan on Monday, spoke in support of Pakistan’s military leadership in the midst of heightened tensions between the United States and its at-times reluctant regional ally.