Fighting wars on two fronts is a very risky proposal. As a response to a French proposal to tax big U.S. tech companies, U.S. President Donald Trump threatened to levy a tax against French wine. On this note it would… Read More ›
French
No time to renegotiate complete Brexit – Macron to Johnson
While Brexiters have acknowledged that a no-deal Brexit will significantly impact the country’s economy they however argue that this disruption will not last long and that UK will be free to chart its own course and make trade deals with… Read More ›
French retailer Casino to sell off non-core assets worth $2 billion to reduce debt
This planned sales come on top existing plans to sell non-core assets worth 2.5 billion euros by the first quarter of 2020. On Tuesday, French supermarket retailer Casino stated, it plans on cutting its debt while improving its financial performance… Read More ›
EU members states to decide on consensus candidate for IMF
EU members will decide today on who will represent the block at the IMF. On Friday, European Union member states are set to vote on who will represent the bloc in the International Monetary Fund following a missed opportunity to… Read More ›
Data will decide on next ECB policy: Francois Villeroy de Galhau
ECB policymaker Francois Villeroy de Galhau highlighted the ECB’s resolve to not be swayed by market wings. Economic data will be the determining factor for its next policy move. In an interview on Monday, ECB policymaker Francois Villeroy de Galhau… Read More ›
French fiscal administration launches probe on Carlos Ghosn’s wealth
The former chairman of the Renault-Nissan alliance is facing charges of financial misconduct. French daily Liberation has reported citing sources familiar with the matter at hand, France’s fiscal administration has launched an a probe into the wealth of Carlos Ghosn,… Read More ›
France’s PSA opens $630 million car factory in Morocco
Morocco is also home to French carmaker Renault. The automotive sector has accounted for 27.1% of Morocco’s exports of 27.7 billion dirhams in the first four months of 2019. On Friday, French carmaker PSA stated, it has opened a $630… Read More ›
Anadarko Petroleum Corp approves $20 billion for Mozambique LNG export project
Following Occidental Petroleum Corp acquisition of Anadarko, the Mozambique LNG project will be sold to French energy major Total SA. In what is slated to be Africa’s single biggest LNG project, U.S. energy Anadarko Petroleum Corp stated, it has approved… Read More ›
French-Israeli billionaire Patrick Drahi to acquire auction house Sotheby for $3.7 billion
The acquisition is being routed though BidFair USA. In a deal worth $3.7 billion, Patrick Drahi, has agreed to purchase art auction house Sotheby. The billionaire tycoon behind telecoms and media group Altice has signed a definitive agreement to be… Read More ›
Occidental Petroleum Corp increases cash component of its bid, eliminates risk of voting down its bid
The strategic move, which essentially place Occidental Petroleum ahead of Chevron, risks a potential clash with Carl Icahn. In a significant development, Occidental Petroleum Corp increased the cash component of its $38 billion bid to acquire Anadarko Petroleum Corp thus… Read More ›
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