France

Diageo, Remy Cointreau crimped by Chinese sobriety

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LONDON/PARIS - Britain's Diageo and France's Remy Cointreau reported steep sales declines in China on Thursday, failing to revive a taste for their luxury spirits more than a year after an anti-corruption campaign first hit conspicuous consumption.

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France to slow deficit cuts but respect 2015 target - minister 17 Apr 2014

PARIS - France has won backing from European partners to slightly slow the reduction of its public deficit but will still respect its EU-imposed deficit target in 2015, French Finance Minister Michel Sapin said on Thursday.

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Founder of scandal-hit drugmaker Servier dies at 92 17 Apr 2014

PARIS - Jacques Servier, founder and president of France's second-largest drugmaker, has died before his trial over Mediator, a weight-loss pill at the centre of the country's biggest public health scandal in years.

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France to slow deficit reduction, will respect targets - minister 17 Apr 2014

PARIS - France has won backing from its European partners to slightly slow the reduction of its public deficit, but it will respect its EU-imposed deficit targets, French Finance Minister Michel Sapin said on Thursday.

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France seen missing 2015 European deficit deadline - Reuters poll 16 Apr 2014

PARIS - France's public-sector deficit will overrun EU limits yet again next year, breaching a deadline that was already extended by two years and setting the stage for a clash between Paris and its European partners, a Reuters poll found.

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French PM rushes out 50 billion euro budget savings plan 16 Apr 2014

PARIS - France vowed on Wednesday to honour its Europeans commitments on deficit reduction and rushed out details of its grand plan to curb public spending by 50 billion euros (41 billion pounds) between 2015 and the end of President Francois Hollande's term in 2017.

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French Socialists pick veteran to run party after poll rout 15 Apr 2014

PARIS - France's Socialist Party named its new chief on Tuesday, a one-time political opponent of President Francois Hollande who will have to overhaul a ruling party reeling from local election losses in time for European parliament elections in May.

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Imperial Tobacco to shut factories in UK, France 15 Apr 2014

LONDON - Britain's Imperial Tobacco is shutting cigarette factories in England and France with the loss of about 900 jobs as it grapples with declining sales in Europe.

EU could hold emergency summit to agree new sanctions on Russia 14 Apr 2014

LUXEMBOURG - The European Union could hold an emergency summit next week to impose further sanctions against Russia if there is no breakthrough at talks with Ukraine scheduled for Thursday in Geneva, France's foreign minister said on Monday.

Ingredients firm Symrise to buy Diana for $1.8 billion 14 Apr 2014

FRANKFURT/PARIS - German scents and flavours group Symrise is to buy France's Diana Group for an agreed 1.3 billion euros (1 billion pounds) including debt to narrow the gap on top rival Givaudan and expand in natural ingredients and pet food.