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Sanctions on Russia can be lifted ‘at any time’ – French PM

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Even as both the EU and Russia renewed sanctions against each other, the French prime minister argued the measures are not permanent and could be removed swiftly, in a possible signal to Washington. “We know that sanctions are not a permanent regime, but a state that can be canceled at any time,” PM Eduard Philippe Read More

BOURBON: Extension of existing shareholder’s agreement concerning 69.5% of BOURBON Corporation shares

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Marseilles, June 24, 2019               Extension of existing shareholders’ agreement between “initial concert” and new concert concerning 69.5% of BOURBON Corporation shares On June 26, 2014, Mr. Jacques de Chateauvieux, Jaccar Holdings, Cana Tera, Mr. Henri de Chateauvieux, Mach Invest and Mach Invest International signed a shareholders’ agreement constituting a concerted action toward BOURBON Read More

France prepares to swelter in record high June temperatures

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PARIS (Reuters) – Authorities in Paris are setting up “cool rooms” in municipal buildings, opening pools for late-night swimming and installing extra drinking fountains as France braces for a “potentially dangerous” heatwave that could see record temperatures for June. FILE PHOTO: A tourist cools down in the fountains of the Trocadero near the Eiffel tower, Read More

Nissan shareholders set to back CEO Saikawa amid fraying ties with Renault

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TOKYO (Reuters) – Nissan Motor shareholders are widely expected to back Chief Executive Hiroto Saikawa at an annual general meeting on Tuesday, extending his tumultuous tenure at an automaker shaken by scandal and the loss of trust with alliance partner Renault. FILE PHOTO: The logo of Nissan is seen on a car during the Prague Read More

Natixis’ H2O sells some illiquid debt to try to staunch outflows

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PARIS/LONDON (Reuters) – H2O, one of French bank Natixis’ asset management businesses, has sold off some illiquid assets and removed entry fees across its funds as it tries to stem outflows of customer money. The business, which contributed about 11% of Natixis’ net income last year, said on Monday the move had led it to Read More

Natixis’ H20 arm sells some of its bonds portfolio

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PARIS (Reuters) – H20, the London-based fund management arm of French bank Natixis which has been hit by outflows of money, said on Monday it had sold some of its bonds portfolio. “H2O has sold part of its non-rated private bonds and, based on a valuation received by international banks, marked down the balance in Read More

French fiscal administration launches probe over Ghosn’s wealth: Liberation

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FILE PHOTO: Former Nissan Motor Chairman Carlos Ghosn, accompanied by his wife, Carole Ghosn, arrives at his place of residence in Tokyo, Japan, March 8, 2019. REUTERS/Issei Kato/File Photo PARIS (Reuters) – The French fiscal administration has launched an in-depth probe into the wealth of former Renault-Nissan Chairman Carlos Ghosn, French daily Liberation reported on Read More

Extra tariffs on Chinese imports will cost Americans $18 billion-a-year, retail group warns

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The world’s largest retail trade association has urged the Trump administration not to impose additional tariffs on China as it would make Americans pay another $18 billion-a-year for various products, from footwear to furniture. The world’s largest retail trade association has urged the Trump administration not to impose additional tariffs on China as it would Read More

Sir Elton receives France’s highest civilian honour

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By Tania Snuggs, news reporter Sir Elton John has received France’s highest civilian award, the Legion d’Honneur. Through his own charity, which celebrated its 25th anniversary last year, the singer has raised more than £300m for HIV prevention, education and support. Image: Emmanuel Macron and Sir Elton John addressed crowds in Paris The French President Read More

Factbox: International airlines’ response to FAA on Iran airspace

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(Reuters) – The U.S. Federal Aviation Administration (FAA) issued an emergency order on Thursday prohibiting U.S. air carriers from flying in Iran-controlled airspace over the Strait of Hormuz and Gulf of Oman due to heightened tensions. FILE PHOTO: A British Airways aircraft takes off from Heathrow Airport in west London, Britain, February 23, 2018. REUTERS/Hannah Read More