France

Watchdog cuts extra capital requirements for UBS, Credit Agricole

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LONDON - Switzerland's UBS and France's Credit Agricole have been deemed by regulators as less important to the global financial system than a year ago and will not have to hold as much extra capital as previously forecast.

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France's unpopular Hollande vows no new taxes next year 06 Nov 2014

PARIS - French President Francois Hollande said on Thursday he would impose no new taxes on anyone in France next year as he sought to shake off record-low approval ratings and bolster confidence halfway through a deeply unpopular presidency.

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Watchdog cuts extra capital requirements for UBS, Credit Agricole 06 Nov 2014

LONDON - Switzerland's UBS and France's Credit Agricole have been deemed by regulators as less important to the global financial system than a year ago and will not have to hold as much extra capital as previously forecast.

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Europe's auto recovery continues without France 06 Nov 2014

PARIS - Western European car sales rose 5.5 percent in October as demand picked up in all major markets except France, shrugging off deepening uncertainties over the region's economic outlook, according to industry data published on Thursday.

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Lower provisions lift SocGen third-quarter net profit 06 Nov 2014

PARIS - Societe Generale , France's second-biggest listed bank, posted a 57 percent rise in the third-quarter net profit as a drop in loan-loss provisions helped offset revenue weakness in French retail banking and equities trading.

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France, UK award contracts to study new combat drone 05 Nov 2014

PARIS - France and Britain took a new step towards developing the unmanned fighter planes of the future by commissioning studies for a combat drone that could be ready for deployment in 2030.

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France to send military gear to Lebanon from early 2015 - source 05 Nov 2014

PARIS - France will start delivering military equipment to the Lebanese army in the first quarter of 2015 as part of a $3 billion contract to help the force fight jihadis from neighbouring Syria, a French defence ministry source said on Wednesday.

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French Socialists eye parliamentary vote on Palestinian recognition 05 Nov 2014

PARIS - France's ruling Socialist party wants parliament to recognise a Palestinian state, parliamentary sources said, following similar moves by Sweden and Britain that are meant to overcome an impasse in peacemaking but which have angered Israel.

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Alstom, refocused on rail, eyes higher sales and margin 05 Nov 2014

PARIS - France's Alstom, which is selling most of its energy equipment business to General Electric, said it expects its remaining rail arm to grow and generate cash this year after registering record orders in the first half.

Britain, France, U.S. ask UN to blacklist Libya's Ansar al-Sharia 05 Nov 2014

UNITED NATIONS - Britain, the United States and France have proposed that Islamist extremist group Ansar al-Sharia in Libya be blacklisted under the United Nations al Qaeda sanctions regime, diplomats said on Tuesday, speaking on condition of anonymity.