France
Sarkozy Opposes IMF Loan to Greece, Widening Rift With Germany Over Rescue President Nicolas Sarkozy opposes
Germany’s call for an International Monetary Fund loan to
Greece, a French government official said, pitting the euro
area’s biggest members against one another over a rescue plan.
Papandreou Races Against Time to Cut Borrowing Costs as EU Splits on Aid Greek Prime Minister George
Papandreou is racing to secure an explicit pledge of European
aid and cut his country’s borrowing costs as 20 billion euros
($27 billion) of debt comes due in the next two months.
EADS Said to Seek Extension for U.S. Tanker Bid, `Fair Chance' of Winning European Aeronautic, Defence &
Space Co. said it wants a “significant extension” and the
confidence its plane has a fair chance to win before submitting
a fresh bid for the U.S. military aerial refueling tanker.
Trichet Will Push `Strongly' for More Transparency on Credit-Default Swaps European Central Bank President
Jean-Claude Trichet said he’s pushing “strongly” for more
transparency around credit default swaps.
Euro Heads for Biggest Weekly Decline Since January on Greece Aid Concern The euro headed for its biggest
weekly drop against the dollar since January as concern Greece
will fail to secure financial assistance from the European Union
reduced demand for the currency.
French Stocks Gain: Credit Agricole, EDF, SocGen, Technip, Ubisoft Climb France’s CAC 40 Index increased
20.09, or 0.5 percent, to 3,958.27 as of 1:54 p.m. in Paris. The
measure is headed for a weekly gain of 0.8 percent. The SBF 120
Index climbed 0.5 percent to 2,904.70.
European Stocks Fluctuate as India Raises Rates; Miners Drop, Lloyds Gains European stocks swung between gains
and losses after India’s central bank unexpectedly lifted
interest rates, increasing speculation that withdrawal of
economic stimulus measures may hamper global growth.
Corporate Bond Risk Declines in Europe, Credit-Default Swap Prices Show The cost of insuring against losses
on European corporate bonds fell, according to traders of
credit-default swaps.
Europe Equity Funds Post Biggest Outflows Since 2009 on Greece, EPFR Says European equity funds posted net
outflows of $1.06 billion in the week ended March 17, the
biggest withdrawals since May 2009, amid concerns about Greece’s
debt burden, EPFR Global said today in a statement.
Electricite de France Rises; Credit Suisse Says Legislative Dates Are Key Electricite de France SA, Europe’s
biggest power generator, rose to a one-month high in Paris
trading after a deputy said a long-planned electricity law would
go before parliament earlier than expected.
British Airways Strike to Go Ahead March 20 as Talks Collapse, Union Says British Airways Plc’s 12,000 cabin
crew will strike from midnight after last-ditch talks aimed at
resolving a dispute over pay and staffing levels collapsed.
Sarkozy Faces Voter Rebuke in Regional Elections, Final Polls Before 2012 President Nicolas Sarkozy faces a
reprimand from voters in the second round of regional elections,
France’s last electoral test before the presidential ballot in
2012.
Scientists Supporting Glaxo's Diabetes Drug Had Financial Ties, Study Says Most scientists who published
articles supporting GlaxoSmithKline Plc’s diabetes drug Avandia
after it was linked to heart disease in 2007 had financial ties
to the company, according to a Mayo Clinic report.
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