Few tears shed by French workers after Macron's Alstom dream is blocked

After four decades on the production line at French trainmaker Alstom, Claude Gemino had little sympathy for Emmanuel Macron when Brussels scotched the French president’s hopes of creating a European rail champion. For Gemino and many co-workers at Alstom’s Belfort factory, Macron’s support for the blocked merger with Germany’s Siemens signaled a readiness to put shareholders ahead of jobs and protecting France’s fragile manufacturing sector.

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Few tears shed by French workers after Macron's Alstom dream is blocked

How to Set Up a Credit Fraud Alert in 3 Easy Steps

A fraud alert can prevent you from becoming a victim, and is easier to set up than you may think.Image source: Getty Images.

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How to Set Up a Credit Fraud Alert in 3 Easy Steps

Euro, European bonds unnerved by French political jitters

European financial markets struggled with growing economic and political concerns on Tuesday as the euro neared its biggest fall this year and bond yield spreads over Germany reaching the widest in several years. The dollar sped higher toward its biggest gain in a month against a basket of major currencies after jumping against the offshore Chinese yuan on the fall in Beijing's foreign exchange reserves below $3 trillion for the first time in six years. European corporate earnings offered investors some cheer even though oil giant BP missed estimates, but failed to completely shrug off the unease fueled by the growing unpredictability of the French presidential election race.

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Euro, European bonds unnerved by French political jitters

White House memo confuses Wall Street on fate of fiduciary rule

WASHINGTON/NEW YORK (Reuters) – Conflicting signs from the White House have left brokerage firms and lobbyists unsure whether a controversial rule governing retirement advice will ever be put in place, but they are taking no chances and complying anyway. President Donald Trump's Friday memorandum ordered the Labor Department to review the so-called “fiduciary” rule, which requires brokers to put their clients' interests first when advising them about 401(k) plans or individual retirement accounts. Trump's memo did not go as far as White House early guidance to reporters that the memo would ask the department to “defer implementation” of the rule.

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White House memo confuses Wall Street on fate of fiduciary rule

Orange CEO under fire at Tapie affair trial of IMF’s Lagarde

French telecoms boss Stephane Richard was sharply criticized by one of the judges and by a witness during the negligence trial of IMF chief Christine Lagarde in Paris this week. Richard, the chief executive of Orange , is a target of investigators in a related inquiry which has yet to conclude. Richard and five others are under formal judicial investigation on suspicion of embezzlement linked to the Tapie case.

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Orange CEO under fire at Tapie affair trial of IMF’s Lagarde

Wall Street broker-dealer profits in 2016 to exceed last year’s: watchdog

Since March, job growth has slowed in the securities industry in New York City. The amount set aside by the member firms of the New York Stock Exchange for compensation in the first half of 2016 was 7 percent less than the same period last year. The securities industry in New York City has shrunk since the financial crisis of 2007-2008.

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Wall Street broker-dealer profits in 2016 to exceed last year’s: watchdog

Belgium’s Walloon parliament backs EU-Canada trade deal

By Robert-Jan Bartunek BRUSSELS (Reuters) – The parliament of Belgium's French-speaking region of Wallonia voted in favor of a planned EU-Canada trade agreement on Friday, ending its opposition that threatened to destroy the entire deal. Lawmakers of Wallonia, which led Belgian opposition to the Comprehensive Economic and Trade Agreement (CETA), 58 voted for and 5 against, after Belgian politicians agreed to an addendum on Thursday to allay concerns. The parliaments of Brussels and the French-speaking community will vote later on Friday.

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Belgium’s Walloon parliament backs EU-Canada trade deal

China’s HNA Hospitality denies talks with AccorHotels

Chinese conglomerate HNA Hospitality group said on Sunday it had not discussed buying shares in French hotel group AccorHotels and had no plans to hold such talks. HNA said it was issuing the statement in reaction to recent reports that AccorHotels was trying to combine its forces with those of HNA to thwart an attempt by another Chinese group Jin Jiang to increase its stake in AccorHotels. “At this stage HNA Hospitality Group did not discuss buying capital with the French group AccorHotels, nor expects to hold such discussions.

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China’s HNA Hospitality denies talks with AccorHotels