Trends - Bruno Le Maire - Business Recorder

Bruno Le Maire

French borrowing at ‘danger level’, says finance minister

PARIS: France’s borrowing has a reached a “danger level”, Finance Minister Bruno Le Maire said on Monday amid...

Published 28 Jun, 2022 06:10am

World

France freezes 850 million euros of Russian assets

PARIS: France has seized around 850 million euros ($920 million) of Russian oligarchs’ assets on its soil, Finance...

Published 20 Mar, 2022 09:34pm

World

World heading for 1973-type energy shock: French minister

PARIS: The spike in energy prices caused by Russia’s war in Ukraine will produce effects comparable to the 1973 oil...

Published 09 Mar, 2022 03:11pm

World

French Finance Minister: still room for further sanctions against Russia

PARIS: France and Europe still have margin for manoeuvre to implement further sanctions against Russia for invading...

Published 07 Mar, 2022 12:49pm

World

EU wants to cut ‘all links’ between Russia and global financial system

PARIS: The European Union wants to cut all links between Russia and the global financial system, France’s finance...

Published 26 Feb, 2022 04:37am

World

EU wants to cut 'all links' between Russia and global financial system: France

PARIS: The European Union wants to cut all links between Russia and the global financial system, France's finance...

Published 25 Feb, 2022 02:49pm

Markets

Oil rises 1.5% as OPEC+ agrees to planned output increase

Oil prices rose 1.5% on Tuesday as OPEC+ producers agreed to stick with their planned increase for February based on...

Published 05 Jan, 2022 12:10am

Markets

France to work with UAE on renewable and hydrogen projects

PARIS: French finance minister Bruno Le Maire said on Sunday that France will work with the United Arab Emirates on...

Published 22 Nov, 2021 05:47am

IMF, G20 fret over supply chain bottlenecks, inflation fears

WASHINGTON: Global finance officials gathered in Washington on Wednesday were focused on finding a way to alleviate...

Updated 15 Oct, 2021 09:25am

Business & Finance

We're one millimetre from a corporate tax deal, France's Le Maire says

LONDON: The world is one millimetre away from a deal on global corporate taxes and an agreement could be signed in...

Published 06 Oct, 2021 02:37pm

Opinion

EU budget battle looms, as economy lifts out of crisis

European governments have spent hand over fist, despite ballooning public debt, to prevent the coronavirus pandemic...

Published 11 Sep, 2021 03:36am

World

Macron urged to scrap ailing party

PARIS: Key allies of French President Emmanuel Macron have called for him to scrap his under-performing political...

Updated 06 Sep, 2021 07:51pm

World

Afghanistan a wake-up call for Europe on defence, leadership

"EU member states have to build the single market for finance and also they need to reach a political agreement on the banking union, in order to have more funds for new technologies," Le Maire says

Updated 04 Sep, 2021 09:11pm

World

France's Covid relief spending hits 240bn euros: minister

PARIS: The French government has extended 240 billion euros ($283 billion) in financial aid to businesses hammered ...

Published 30 Aug, 2021 04:48pm

G20 endorses historic global tax reform

VENICE: G20 finance ministers on Saturday gave their backing to a historic deal to overhaul the way multinational...

Published 11 Jul, 2021 05:54am

Business & Finance

France's Finance Minister eyes public deficit of 9.4% in 2021

Le Maire also told France 2 television he expected economic growth to return in early 2022 to pre-COVID 19 crisis levels.

Updated 31 May, 2021 11:02am

World

France's Le Maire to meet with Stellantis, Renault and will discuss aid for foundries

The government was notably working on a plan to provide financial aid to foundry workers so they could train to adapt to other sectors, Le Maire told Europe 1 radio.

Published 26 Apr, 2021 01:04pm

World

French finance minister reiterates 2021 economic growth forecast

France expects its economy to expand by 5% in 2021.

Published 14 Apr, 2021 11:59am

Business & Finance

France to become biggest Air France shareholder with capital hike

The French government will convert a 3 billion euro loan extended to the group last year into a hybrid instrument and commit up to an additional 1 billion euros to a planned share issue, raising its stake in Air France-KLM to almost 30%.
"This will make the state Air France's biggest shareholder," French Finance Minister Bruno Le Maire said on France Inter radio, calling the move a "sign of commitment" to the airline and its French jobs.

Published 06 Apr, 2021 12:14pm

Markets

Gold steady as inflation bets counter firm U.S. dollar, yields

Gold is seen as a hedge against rising inflation, but firmer Treasury yields, which translate into a higher opportunity cost for holding bullion, have challenged that status.

Published 05 Apr, 2021 08:48am

Business & Finance

France says deficits rise as Covid destroys rebound hopes

PARIS: France’s government deficit will deepen and public debt rise after a lingering Covid crisis smashed hopes ...

Updated 05 Apr, 2021 10:44am

World

France says deficits rise as Covid destroys rebound hopes

The minister had already told Sunday paper JDD that economic growth was now likely to come in at 5.0 percent this year and not 6.0 percent as believed earlier.

Published 04 Apr, 2021 06:04pm

World

WTO to work with Europeans on legality of EU carbon tax plan

GENEVA: The World Trade Organization will work with a number of European countries to ensure a proposed EU carbon ...

Updated 02 Apr, 2021 09:06am

World

Europe should match US's economic stimulus ambition: France

The new administration of US President Joe Biden is already making payments to households under a new $1.9 trillion COVID-19 relief package and plans to plough $2.3 trillion into infrastructure investments to fire up the world's biggest economy.
"The best response to US ambition isn't to fight it. It is to match it. Europe needs to challenge itself like America does," he added.

Published 01 Apr, 2021 07:59pm

Business & Finance

Air France refinancing step expected in days, minister says

The airline group, which received a 10.4 billion-euro ($12.3 billion) bailout to weather the coronavirus crisis last year, plans to convert 4 billion euros in French and Dutch government loans into hybrid "quasi-equity".
"We are nearing a deal," Finance Minister Bruno Le Maire said on France Info radio, predicting a final agreement within "a matter of days".

Published 29 Mar, 2021 08:24pm

Business & Finance

Italy, France did not discuss Rome buying Stellantis stake

Stellantis was formed at the beginning of this year through the merger of Fiat Chrysler and France's PSA.
The French government, a former investor in PSA, holds a 5.7% stake.

Published 19 Mar, 2021 07:46pm

Business & Finance

Europe sees e-vehicle battery self-sufficiency

PARIS: European firms will have the capacity to supply all the lithium-ion batteries needed for the continent’s...

Published 15 Mar, 2021 05:22am

Business & Finance

French economy should recover quickly once COVID curbs ease: Le Maire

If first-quarter growth was maintained through 2021, annual economic growth would come in at 4%, it added.

Published 09 Mar, 2021 12:15pm

World

France looks to ease family gifting rules to reduce savings glut

Like many countries, France has seen a surge in savings during the coronavirus crisis due to various restrictions on movement that prevented people from spending in bars, restaurants, cultural venues and on trips.
The central bank estimated last month that households had built savings in excess of what could be expected under normal circumstances of up 120 billion euros ($144.4 billion) last year.

Updated 04 Mar, 2021 09:52pm

World

France flags G20 consensus on tax reform, IMF SDRs, debt

Le Maire said talks on rewriting decades-old rules on cross-border taxation needed to wrap up by summer and that a new allocation of International Monetary Fund (IMF) special drawing rights, along with a new G20 framework to ease poor countries' debt, were needed.

Published 26 Feb, 2021 09:21pm

Gainers
Losers
Leaders

Stock	Price
Samin Textile / Jul 4 Samin Textiles Limited(SMTM)	7.45 ▲ 0.91 (13.91%)
Elite Cap.Mod / Jul 4 First Elite Capital Modaraba(FECM)	3.35 ▲ 0.35 (11.67%)
HBL Growth Fund / Jul 4 HBL Growth Fund(HGFA)	5.70 ▲ 0.54 (10.47%)
Safe Mix Con.Lt / Jul 4 Safe Mix Concrete Limited(SMCPL)	7.18 ▲ 0.67 (10.29%)
Dawood Equities / Jul 4 Dawood Equities Limited(DEL)	7.50 ▲ 0.54 (7.76%)
AKD Hospitality / Jul 4 AKD Hospitality Limited(AKDHL)	164.69 ▲ 11.49 (7.50%)
AL-Noor Sugar / Jul 4 Al-Noor Sugar Mills Limited(ALNRS)	51.76 ▲ 3.61 (7.50%)
K.S.B.Pumps / Jul 4 KSB Pumps Company Limited(KSBP)	152.80 ▲ 10.66 (7.50%)
Sanofi-Aventis / Jul 4 Sanofi-Aventis Pakistan Limited(SAPL)	1234.61 ▲ 86.13 (7.50%)
Artistic Denim / Jul 4 Artistic Denim Mills Limited(ADMM)	61.27 ▲ 4.27 (7.49%)

Stock	Price
Dewan Sugar / Jul 4 Dewan Sugar Mills Limited(DWSM)	2.28 ▲ -0.71 (-23.75%)
First IBL Mod. / Jul 4 First IBL Modaraba(FIBLM)	4.10 ▲ -0.75 (-15.46%)
First Tri-Star Mod. / Jul 4 First Tri-Star Modaraba(FTSM)	7.00 ▲ -1.00 (-12.50%)
Popular Islamic / Jul 4 Popular Islamic Modaraba(PIM)	7.37 ▲ -0.99 (-11.84%)
Tri-Star Power / Jul 4 Tri-Star Power Limited(TSPL)	3.35 ▲ -0.44 (-11.61%)
Premier Insurance / Jul 4 Premier Insurance Limited(PINL)	3.84 ▲ -0.50 (-11.52%)
Unicap Modaraba / Jul 4 Unicap Modaraba(UCAPM)	1.59 ▲ -0.20 (-11.17%)
Pak Gen.Ins. / Jul 4 The Pakistan General Insurance Co. Ltd.(PKGI)	10.60 ▲ -0.89 (-7.75%)
Crescent Cotton / Jul 4 Crescent Cotton Mills Limited(CCM)	42.24 ▲ -3.42 (-7.49%)
BIPL Securities / Jul 4 BIPL Securities Limited(BIPLS)	35.76 ▲ -2.84 (-7.36%)

Stock	Volume
Sui North Gas / Jul 4 Sui Northern Gas Pipelines Limited(SNGP)	12,423,075 ▼ 0.00
Agritech Limited / Jul 4 Agritech Limited(AGL)	8,018,000 ▼ 0.00
Pak Refinery / Jul 4 Pakistan Refinery Limited(PRL)	4,293,808 ▼ 0.00
Maple Leaf / Jul 4 Maple Leaf Cement Factory Limited(MLCF)	3,269,271 ▼ 0.00
WorldCall Telecom / Jul 4 Worldcall Telecom Limited(WTL)	2,995,500 ▼ 0.00
K-Electric Ltd. / Jul 4 K-Electric Limited(KEL)	2,381,500 ▼ 0.00
Ghani Glo Hol / Jul 4 Ghani Global Holdings Limited(GGL)	2,034,017 ▼ 0.00
Cnergyico PK / Jul 4 Cnergyico PK Limited(CNERGY)	2,016,842 ▼ 0.00
D.G.K.Cement / Jul 4 D.G. Khan Cement Company Limited(DGKC)	1,952,686 ▼ 0.00
Telecard Limited / Jul 4 Telecard Limited(TELE)	1,681,500 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 30	204.90
USD PKR Interbank Buying / Jun 30	204.70
USD to Japanese Yen / Jul 1	135.21
USD to Swiss Franc / Jul 1	0.96
Pound Sterling to USD / Jul 1	1.21
Euro to USD / Jul 1	1.04
UK LIBOR % / Jul 1	1.58

Stock	Volume
S&P 500 / Jul 1	3825.33
India Sensex / Jul 1	52907.93
Tokyo Nikkei / Jul 1	26935.62
Nasdaq / Jul 1	11127.84
Hang Seng / Jul 1	21859.79
FTSE 100 / Jul 1	7168.65
Dow Jones / Jul 1	31097.26
Germany DAX 30 / Jul 1	12813.03
France CAC40 / Jul 1	5931.06

Item	Value
Crude Oil USD/Barrel / Jul 1	108.43
Karachi Cotton PKR/37.32 KG / Jul 1	17380.00
Gold 10 Grams PKR / Jul 1	119100.00
Gold Spot USD/Ounce / Jul 1	1811.43
Cotton US¢/pound / Jul 1	97.48

Bruno Le Maire

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