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Sour grapes? Not if the central bank has your back


FRANKFURT Devastated by the collapse of its iconic wine industry over a century ago, France may have inadvertently discovered the ideal way for central banks to aid an economy in crisis - open up the purse strings.

France was net power importer for second straight month in January - RTE 24 Feb 2017

PARIS France was a net electricity importer for a second straight month in January as a prolonged cold spell pushed peak demand to its highest in five years against a backdrop of low nuclear and hydropower supply, grid operator RTE said on Friday.


China steams past U.S., France to be Germany's biggest trading partner 24 Feb 2017

BERLIN China for the first time became Germany's most important trading partner in 2016, overtaking the United States, which fell back to third place behind France, data showed on Friday.

Safran rejects TCI Fund Management's criticism of Zodiac Aero bid 24 Feb 2017

PARIS France's Safran on Thursday rejected criticism by a UK hedge fund over a proposed $9 billion offer for Zodiac Aerospace and pledged to stand firm as a spat intensified over plans to create the world's third-largest aerospace supplier.


France's Macron raises curtain on election alliance to beat Le Pen 23 Feb 2017

PARIS France's presidential race took a new turn on Thursday as independent Emmanuel Macron raised the curtain on a partnership with veteran centrist Francois Bayrou to help him beat the far-right's Marine Le Pen.


France's Macron unveils mix of tax cuts, spending cuts in economic plans 23 Feb 2017

PARIS French presidential candidate Emmanuel Macron on Thursday outlined his economic plans mixing tax cuts and a reduction in government jobs that would stick to France's commitments to euro zone partners to cut its budget deficit.


Vivendi sees rebound this year after plunge in 2016 core operating profit 23 Feb 2017

PARIS France's Vivendi said it expects Canal Plus' turnaround efforts to bear fruit in 2017, after the pay-TV unit's French channels lost thousands of subscribers last year, resulting in a sharp fall in the media group's profits.

Eramet revives Indonesia nickel project with Tsingshan partnership 23 Feb 2017

PARIS France's Eramet announced a preliminary agreement with Chinese steelmaker Tsingshan Group to revive a nickel mining project in Indonesia that Eramet had frozen during a downturn in nickel markets.


France, Germany get backing from Brussels on security proposals 22 Feb 2017

BRUSSELS France and Germany won backing from the European Union's executive on Wednesday for proposals to tighten security across Europe, which include giving more powers to governments to monitor frontiers with other EU states.

Brussels warns French economy out of kilter, chides Germany, Italy 22 Feb 2017

BRUSSELS The European Commission warned France two months before elections that its economy was out of balance and in need of reforms as it also chided Germany and Italy.

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