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BUSINESS14h agoRating agency Fitch hits France with unscheduled outlook downgradeMove comes hours after data showed an unexpected contraction in third-quarter economic outputFinancial Times
BUSINESS17h agoFrance pushes 'responsible' 2027 budget as Fitch cuts debt outlook to 'negative'A US rating agency doubts France can fix its finances after the 2027 presidential election. The government insists on the "absolute necessity" of adopting a budget by year-end.EuroNews [en]
BUSINESS20h agoScary deals? What makes Hong Kong shun death-linked homes while France embraces the riskEven as Hong Kong remains the world’s least affordable housing market, many buyers still shun heavily discounted homes linked to an “unnatural death”, such as murder or suicide, according to property agents. Prices for such properties could fall by as much as 50 per cent, while rents were typically about 20 per cent below market rates, they added. The aversion stands in stark contrast to parts of Europe, particularly in France, where buyers are often willing to purchase homes under a “vente en...South China Morning Post
BUSINESS23h agoFitch maintains France's credit rating at A+ but downgrades its outlook from stable to negativeThe US agency predicted that the debt level for the European Union's second-biggest economy would rise from to 124% of GDP in 2028.Le Monde [en]
BUSINESS1d agoWho will come to France's rescue in the event of a debt crisis?As French government bond yields surpassed 5% for the first time since 2002, the specter of a true budget crisis is drawing closer. The main firewall remains the European Central Bank, while an intervention by the International Monetary Fund appears to be almost certainly ruled out.Le Monde [en]
BUSINESS1d agoFrench economy "at a standstill" adds to France's budget crisis riskFrance has seen no growth since the start of the year and GDP fell by 0.1% between July and September. The government urges political forces to adopt the 2027 budget as the country’s ability to reassure markets is in doubt.EuroNews [en]
BUSINESS1d agoGermany, France, Italy and Spain: Where was inflation highest in October?Inflation rose in Italy and France, held in Spain and fell in Germany in October. What is driving the gap between Europe's largest economies and will the European Central Bank hike again in December?EuroNews [en]
BUSINESS1d agoEurozone Q3 GDP exceeds forecasts despite weakness in Germany and FranceThe Eurozone's Q3 GDP growth surpassed predictions, even as major economies like Germany and France showed signs of weakness. This indicates a stronger overall economic performance for the region than anticipated.Seeking Alpha Tech
BUSINESS1d agoEuro zone economy slows to 0.4% growth in Q3 as crisis-hit France contractsThe Euro zone economy experienced a slowdown to 0.4% growth in the third quarter, with France's economy contracting. This indicates a challenging economic period for the region.CNBC
BUSINESS1d agoEconomy minister warns France could ‘hit the wall’ as new figures show GDP contraction“The French economy is at a standstill,” Finance and Economy Minister Roland Lescure said.Politico Europe
BUSINESS1d agoFrance's October inflation expected to rise to 3.4%, above estimatesFrance's inflation rate for October is projected to increase to 3.4%, surpassing earlier estimates. This indicates rising cost pressures within the French economy.Seeking Alpha Tech
BUSINESS1d agoFrance's economy shrinks 0.1% in Q3 as exports declineFrance's economy saw a 0.1% contraction in the third quarter of the year. This decline is attributed to a decrease in exports.Seeking Alpha Tech
BUSINESS2d agoEuropean Central Bank meets as France's deteriorating public finances continue to drive questionsMost expect the ECB to keep interest rates on hold for now, having already hiked them twice this year.Le Monde [en]
BUSINESS3d agoSafran bets on the UK, where government support for aerospace is 'clearer and more decisive' than in FranceBritain is backing its aerospace sector with €2.8 billion over 10 years, while France has yet to guarantee in its 2027 budget the €300 million a year Emmanuel Macron promised in 2023.Le Monde [en]
BUSINESSOct 24France - Nigeria business forum postponed after Macron cancels trip to NigeriaA business forum between France and Nigeria has been postponed after President Macron cancelled his trip to Nigeria, impacting bilateral economic and diplomatic relations.premiumtimesng.com · Nigeria
BUSINESSOct 24Debt: Moody's spares France, "a brief respite", not a "vote of confidence"Despite downgrade consensus, the agency kept France's sovereign rating unchanged, a short-lived relief, say economists, warning of a debt time bomb and worsening political and social tensions.EuroNews [en]
BUSINESSOct 24What next for France as riots rattle markets? Three questions facing investors ahead of more protestsFrench unrest pushed bond yields to a 24-year high as investors weigh budget, growth and sectors risks ahead of more protests.CNBC
BUSINESSOct 24EUR / USD Slips as Reports Link Euro Weakness to France Fiscal and Political RisksThe EUR/USD exchange rate is reportedly slipping, with its weakness linked to fiscal and political risks in France. This indicates potential instability in the Eurozone's economic outlook due to factors in a major member state.econotimes.com · United States
BUSINESSOct 24Moody's holds France's credit rating steady despite budget and political uncertaintyDefying the forecasts of many economists, the American credit rating agency maintained France's sovereign debt rating at Aa3 on Friday, setting itself apart from the harsher assessments of France's creditworthiness by S&P and Fitch.Le Monde [en]
BUSINESSOct 24European stocks post weekly loss as France turmoil , oil prices dent earnings optimismEuropean stock markets experienced a weekly loss, as political turmoil in France and fluctuating oil prices negatively impacted earnings optimism. This indicates significant economic pressures affecting the region.businesstimes.com.sg · Singapore
BUSINESSOct 23Moody's holds steady on France's credit rating as country grapples with turmoil and higher yieldsMoody's left its credit rating on France at Aa3, giving the country some relief in a week of unrest.CNBC
BUSINESSOct 23France's bond drama takes centre stage ahead of ECB rate decisionThe European Central Bank is expected to hold rates next week as France's bond sell-off tightens borrowing conditions across the eurozone, while ECB President Christine Lagarde has made clear that the first steps to tackle French debt woes must come from Paris, not Frankfurt.EuroNews [en]
BUSINESSOct 23France awaits Moody's verdict: Downgrade widely expected as debt fears growFrance's cost of living protests come as the country struggles with its increasing public debt. Concerns over these public finances have pushed the nation's 10-year government bond yield above 5% for the first time since 2002—making borrowing costs higher. Oliver Davis, Professor and Head of the French Department at University College Cork, is our guest.France 24 [en]
BUSINESSOct 23France slips into contraction as Europe’s growth slows: How bad could it get?France’s private sector contracted this month, dragging eurozone business activity growth to a four-month low amid political uncertainty and high energy costs.EuroNews [en]