Economy of France http://www.globalpost.com/taxonomy/term/25166/all en UPDATE 3-Deal still elusive in French labour reform talks http://www.globalpost.com/dispatch/news/thomson-reuters/130110/update-3-deal-still-elusive-french-labour-reform-talks <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Talks on overhauling labour rules enter final stretch</p> <p>* Employers to discuss key union demand -union negotiator (Adds talks adjourned, to resume on Friday)</p> <p>By Nicholas Vinocur and Yann Le Guernigou</p> <p>PARIS, Jan 10 (Reuters) - French employers offered some concessions at a fresh round of talks to overhaul labour rules on Thursday but stopped short of ceding to union demands to raise welfare charges on short-term job contracts, union officials said.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130110/update-3-deal-still-elusive-french-labour-reform-talks" target="_blank">read more</a></p> Business Economy of France Human resource management Labor Labour relations Law Politics Social Issues Thomson Reuters Thu, 10 Jan 2013 18:15:41 +0000 5732775 at http://www.globalpost.com European shares end higher; luxury stocks stumble http://www.globalpost.com/dispatch/news/thomson-reuters/130121/european-shares-end-higher-luxury-stocks-stumble <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>PARIS, Jan 21 (Reuters) - European shares rose on Monday, climbing back towards near two-year highs, as investors bought back into relatively 'undervalued' sectors such as utilities and mining.</p> <p>Gains were limited, however, as worrying comments from Swiss watch maker Richemont about sales growth in China sparked a sell-off in luxury stocks, with Richemont losing 5.6 percent and Louis Vuitton owner LVMH falling 1.3 percent.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130121/european-shares-end-higher-luxury-stocks-stumble" target="_blank">read more</a></p> Culture Economics Economy of France Thomson Reuters Mon, 21 Jan 2013 17:00:33 +0000 5737339 at http://www.globalpost.com CORRECTED-CEO denies knowing Total bought illegal oil in UN scandal http://www.globalpost.com/dispatch/news/thomson-reuters/130205/ceo-denies-knowing-total-bought-illegal-oil-un-scandal <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>(In sixth paragraph, corrects figure to $228.8 million, instead of "billion")</p> <p>* Total head says didn't know about illegal allocation system</p> <p>* Vitol in spotlight, accused of corrupting foreign agents</p> <p>By Chine Labbé and Alexandria Sage</p> <p>PARIS, Feb 5 (Reuters) - The chief executive of Total told a French court on Tuesday he had no knowledge that the French oil giant was buying illegally procured oil during the United Nations oil-for-food programme over a decade ago.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130205/ceo-denies-knowing-total-bought-illegal-oil-un-scandal" target="_blank">read more</a></p> Economy of France Law oil Oil-for-Food Programme Total S.A. Thomson Reuters Tue, 05 Feb 2013 20:00:04 +0000 5746819 at http://www.globalpost.com Showdown at Peugeot plant as strike splits workers http://www.globalpost.com/dispatch/news/thomson-reuters/130207/showdown-at-peugeot-plant-strike-splits-workers <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Nicholas Vinocur</p> <p>AULNAY-SOUS-BOIS, France, Feb 7 (Reuters) - For workers on the assembly line at Peugeot's doomed Aulnay plant near Paris, starting their shift has become a daily test of nerves.</p> <p>Entering a factory that is set to close in 2014, they face jeers and threats, as well as eggs and other objects hurled by striking colleagues protesting against the shutdown and Peugeot's restructuring plans.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130207/showdown-at-peugeot-plant-strike-splits-workers" target="_blank">read more</a></p> Aulnay-sous-Bois Economy of France Peugeot Transport Thomson Reuters Thu, 07 Feb 2013 07:31:10 +0000 5748520 at http://www.globalpost.com URGENT ¥¥¥ Six French retailers withdraw products over horsemeat fears http://www.globalpost.com/dispatch/news/afp/130210/urgent-six-french-retailers-withdraw-products-over-horsemeat-fears <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Six major French retailers have withdrawn foods provided by producers Findus and Comigel over fears they may contain horsemeat, the FCD retail association said on Sunday.</p> <p>Retailers Auchan, Casino, Carrefour, Cora, Monoprix and Picard have pulled the products from their shelves, the association said in a statement.</p> <p>laf/mm/lc</p> Economy of France AFP Sun, 10 Feb 2013 12:01:01 +0000 5751652 at http://www.globalpost.com URGENT ¥¥¥ Peugeot unveils historic 5 bn euro loss for 2012 http://www.globalpost.com/dispatch/news/afp/130213/urgent-peugeot-unveils-historic-5-bn-euro-loss-2012 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Embattled French auto giant PSA Peugeot Citroen announced Wednesday a net loss of five billion euros ($6.7 billion) for 2012, the worst result in its history.</p> <p>Peugeot, France's number one carmaker, blamed the massive loss on a 4.7 billion euro writedown last year and the crisis in the European car market. Revenue fell 5.2 percent to 55.4 billion euros.</p> <p> laf/bpi/txw/dan</p> Economy of France EUR PSA Group Transport AFP Wed, 13 Feb 2013 10:30:37 +0000 5754223 at http://www.globalpost.com EADS turns to ex Thales chief for chairman http://www.globalpost.com/dispatch/news/afp/130213/eads-turns-ex-thales-chief-chairman <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>European aerospace giant EADS said Wednesday it had proposed that Denis Ranque, the former head of French firm Thales, should be its next chairman, adding that a final decision will be taken next month.</p> <p>A statement said the issue will be voted at a special meeting in Amsterdam on March 27 when EADS shareholders will be asked to approve a new chair and board of directors.</p> <p>The 61-year-old Ranque was chief executive of Thales, the aerospace and defence company, from 1998 to 2009.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130213/eads-turns-ex-thales-chief-chairman" target="_blank">read more</a></p> Airbus Business Economy of France Transport AFP Wed, 13 Feb 2013 17:45:43 +0000 5754818 at http://www.globalpost.com Peugeot says selling 0.33 percent stake in BNP Paribas http://www.globalpost.com/dispatch/news/thomson-reuters/130314/peugeot-says-selling-033-percent-stake-bnp-paribas <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>PARIS (Reuters) - PSA Peugeot Citroen &lt;PEUP.PA&gt; said on Thursday that it is selling its entire 0.33 percent stake in France's largest bank BNP Paribas &lt;BNPP.PA&gt; "as part of its active balance sheet management policy."</p> <p>The automaker's sale of its 4 million shares, worth about 178 million euros (153.96 million pounds) at current prices, will be carried out as a private placement being managed by Societe Generale, Peugeot said in a statement.</p> <p>(Reporting By Christian Plumb; Editing by Blaise Robinson)</p> Economy of France PSA Group Transport Thomson Reuters Thu, 14 Mar 2013 11:30:17 +0000 5783243 at http://www.globalpost.com Peugeot wins majority union backing for cuts plan http://www.globalpost.com/dispatch/news/thomson-reuters/130318/peugeot-wins-majority-backing-cuts-plan-unions <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>PARIS (Reuters) - French carmaker PSA Peugeot Citroen &lt;PEUP.PA&gt; won majority union support for restructuring plans on Monday, as protesting workers clashed with police in front of its Paris headquarters.</p> <p>Four of Peugeot's six unions approved the measures, which include thousands of job cuts and a factory closure, and a fifth grouping is expected to sign the agreement, the struggling carmaker and workers' representatives said.</p> <p>The works council backed the restructuring plan by 15 votes to four, with one abstention.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130318/peugeot-wins-majority-backing-cuts-plan-unions" target="_blank">read more</a></p> Business Economy of France European Trade Union Confederation Peugeot Peugeot PSA Group PSA Peugeot Citroen Social Issues Transport Thomson Reuters Mon, 18 Mar 2013 16:00:09 +0000 5786909 at http://www.globalpost.com French employers' chief steps up re-election fight http://www.globalpost.com/dispatch/news/thomson-reuters/130319/french-employers-chief-steps-re-election-fight <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>PARIS (Reuters) - Laurence Parisot stepped up her controversial bid for a new term to head France's powerful employers' group Medef on Tuesday, rejecting criticism that she was bending the rules to stay at the helm.</p> <p>Parisot, who in January negotiated with French trade unions a ground-breaking accord to overhaul the country's rigid labour rules, should normally step down in July after having served a maximum of two mandates.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130319/french-employers-chief-steps-re-election-fight" target="_blank">read more</a></p> Business Economy of France France Labor Laurence Parisot Laurence Parisot Law Politics Thomson Reuters Tue, 19 Mar 2013 12:46:23 +0000 5787686 at http://www.globalpost.com French retailer Auchan plans 60 stores in India http://www.globalpost.com/dispatch/news/afp/130403/french-retailer-auchan-plans-60-stores-india <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>French retailer Auchan, one of the world's biggest hypermarket chains, aims to set up 60 stores in India to tap the emerging market nation's growing retail potential, an Indian minister said.</p> <p>Last year, India's Congress-led government relaxed legislation to allow foreign retailers such as US supermarket giant WalMart to set up shop in India and sell directly to Indian consumers to boost investment from abroad.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130403/french-retailer-auchan-plans-60-stores-india" target="_blank">read more</a></p> Economy of France India Marketing Retailing Technology AFP Wed, 03 Apr 2013 22:15:40 +0000 5801208 at http://www.globalpost.com PPR shares slump as earnings disappoint http://www.globalpost.com/dispatch/news/afp/130426/ppr-shares-slump-earnings-disappoint <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Shares in French high-end retailer PPR slumped by more than 7 percent in early trading on Friday after investors were disappointed with the company's 1 percent increase in first quarter sales.</p> <p>They recovered to later stand down 6.27 percent at 167.30 euros, still the biggest faller on the Paris CAC 40 which was off 0.54 percent.</p> <p>"We feared being disappointed by the publication of the quarterly sales," said a Paris trader. "But the reality surpasses fiction, and by far."</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130426/ppr-shares-slump-earnings-disappoint" target="_blank">read more</a></p> Economy of France PPR Printemps AFP Fri, 26 Apr 2013 08:45:26 +0000 5825755 at http://www.globalpost.com EU probes state aid to Peugeot http://www.globalpost.com/dispatch/news/afp/130502/eu-probes-state-aid-peugeot <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>The European Commission on Thursday opened an inquiry on whether restructuring by PSA Peugeot Citroen, France's biggest carmaker and Europe's second after Volkswagen, complies with European Union rules on state aid.</p> <p>A restructuring plan notified by France includes a seven-billion-euro state guarantee as well as grants and repayable advances of 85.9 million euros.</p> <p>"The opening of an investigation in no way prejudges its final outcome," a commission statement said.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130502/eu-probes-state-aid-peugeot" target="_blank">read more</a></p> Economy of France Management Transport AFP Fri, 03 May 2013 01:15:51 +0000 5830215 at http://www.globalpost.com Colony Capital ups its French bets, sees Hollande shift http://www.globalpost.com/dispatch/news/thomson-reuters/130507/colony-capital-ups-its-french-bets-sees-hollande-shift <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Christian Plumb and Dominique Vidalon</p> <p>PARIS (Reuters) - Colony Capital, the $27 billion U.S. investment fund attracting controversy in France over its involvement in Carrefour and Accor, will invest up to $2 billion in Europe on a bet the business climate will soon improve.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130507/colony-capital-ups-its-french-bets-sees-hollande-shift" target="_blank">read more</a></p> Accor Economy of France Hotel chains Social Issues Technology Thomson Reuters Tue, 07 May 2013 17:15:05 +0000 5833030 at http://www.globalpost.com 4-month strike at Peugeot Citroen plant slated for closure ends; workers say they'll fight on http://www.globalpost.com/dispatch/news/the-canadian-press/130517/4-month-strike-at-peugeot-citroen-plant-slated-closure-ends- <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>PARIS - A four-month strike at a car factory north of Paris has come to an end, although the workers say they will still fight a plan to close the plant.</p> <p>PSA Peugeot Citroen said Friday that it had signed an agreement with the CGT union to end the strike, which started in January. The CGT called the strike "suspended."</p> <p>Peugeot said around 130 of the plant's 2,500 workers have been on strike since Jan. 16.</p> <p>France's largest automaker is cutting 8,000 jobs and has slated the Aulnay-sous-Bois factory as it struggles to compete in Europe's stagnant car market.</p> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/130517/4-month-strike-at-peugeot-citroen-plant-slated-closure-ends-" target="_blank">read more</a></p> Economy of France Politics PSA Group Transport The Canadian Press Fri, 17 May 2013 13:45:37 +0000 5840157 at http://www.globalpost.com