France

Financial News

EDF Falls Most Since May After Morgan Stanley, Citigroup Cut Price Targets Electricite de France SA, Europe’s biggest power generator, fell the most in almost two months in Paris trading after Morgan Stanley and Citigroup Inc. cut their price targets.

Fonciere des Regions' Kullmann Says Property Values Fell 5% in First Half Fonciere des Regions SA, the French office landlord with stakes in five other real estate investment trusts, will report a drop of about 5 percent in property values for the first half, according to its chief executive officer.

Trichet Sets Policy `Cruise Control' as ECB Urges Banks to Drive Recovery European Central Bank President Jean- Claude Trichet is urging the region’s banks to play their part in generating an economic recovery.

Electricite de France Sells First Non-Financial Samurai Bond Since Lehman Electricite de France SA started a 110 billion yen ($1.2 billion) sale of samurai bonds, the first such securities from a non-financial borrower since Lehman Brothers Holdings Inc.’s September collapse.

French Stocks Fluctuate: Air France, Christian Dior Drop as Scor Rallies France’s CAC 40 Index added 3.10, or 0.1 percent, to 3,119.51, trimming its fourth straight weekly drop to 0.3 percent. The SBF 120 Index was little changed today.

European Union Calls for Clearinghouses for Over-The-Counter Derivatives The European Union called for the use of clearinghouses for some over-the-counter derivative trades to “ensure they do not harm financial stability” as part of a response to the global economic crisis.

Most Stocks Fall; MSCI World Has Longest Weekly Losing Streak Since March European stocks dropped for a third straight week, the longest stretch of losses since March, as concern mounted that the economy won’t recover soon.

Total's De Margerie Says Company Still Expects to Get Oil Projects in Iraq Total SA, Europe’s third-largest oil company, said it will continue to bid for business in Iraq after the government there said it may allow competitor BP Plc to develop the Rumaila oil field.

General News

U.S. Marines Push Deeper Into Taliban Stronghold in Southern Afghanistan U.S. troops pushed deeper into a Taliban stronghold in southern Afghanistan in a bid to root out insurgents and stabilize the region, after one Marine was killed on the operation’s first day.

Demjanjuk, Suspected Nazi Guard, Is Fit for Trial, Munich Prosecutors Say Munich prosecutors said suspected Nazi death-camp guard John Demjanjuk is fit for trial so long as his time in court is limited, and that they expect to charge him this month.

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