Paris - Led by a surge of bank stocks after the French government's announcement of a capital injection, shares on the Paris Bourse ended trading on Tuesday with a modest gain, its third winning session in a row.
The benchmark CAC 40 closed up 0.78 per cent, to 3,475.40, with gainers and decliners running about even.
Vienna/Paris - The privatisation of Austrian Airlines AG is facing uncertainty as Air France-KLM said Tuesday it had dropped its bid, and a newspaper reported that Deutsche Lufthansa AG had also not submitted a formal offer.
According to the Austrian newspaper Die Presse, only the Russian S7 Airlines submitted a valid bid by the deadline on Tuesday at midday.
Vienna/Paris - Air France-KLM has dropped its bid for Austrian Airlines AG, a spokesman said in Paris on Tuesday.
With the French-Dutch airline out of the race for buying the 42.75-per-cent stake of the Austrian flag carrier currently owned by the state, German Deutsche Lufthansa AG and Russian carrier S7 are likely the only other contenders.
However, Air France-KLM had informed Austrian Airlines that it was interested in continuing talks, the spokesman said.
Earlier, Air France-KLM had complained about the high price and a lack of transparency regarding the Austrian company's books.
Paris - Ministers and representatives from 18 members of the Organization for Economic Cooperation and Development (OECD) began meeting in Paris on Tuesday to tackle international tax havens.
Convened by France and Germany, the participants will attempt to force tax havens to open their accounts to investigators looking for depositors who avoid paying taxes on their incomes.
The issue has been made more pressing because of the global finance crisis.
Pascal Saint-Amans, the OECD official in charge of the fight against tax havens, told the daily Le Figaro, "How can we pretend to rebuild a healthy financial system if we do not put an end to these dark pockets?"
Paris - French shares made strong gains on Monday, closing on the day's high, despite weakness among banking and environmental stocks.
The Paris Bourse's CAC 40 blue-chip index ended the day up 3.56 per cent, at 3,448.51, as advancing issues outpaced fallers by better than 3 to 1.
The winners were led by energy supplier GDF Suez, which was up 12.39 per cent, to 33.03 euros, while another utility, EDF, gained 8.25 per cent, to 44.83 euros.
Paris - French shares were holding on to gains in mid-afternoon trading on Monday but banking and environmental stocks continued to lose ground.
The Paris Bourse's CAC 40 blue-chip index was up 1.45 per cent, to 3,378.27, with advancing issues outpacing fallers by 3 to 1.
The winners were led by energy supplier GDF Suez, which was up 9.44 per cent, to 32.16 euros, while French-American telecommunications supplier Alcatel-Lucent rose
8.33 per cent, to 2.04 euros.
Paris - Led by a surge of bank stocks after the French government's announcement of a capital injection, shares on the Paris Bourse ended trading on Tuesday with a modest gain, its third winning session in a row.
Vienna/Paris - The privatisation of Austrian Airlines AG is facing uncertainty as Air France-KLM said Tuesday it had dropped its bid, and a newspaper reported that Deutsche Lufthansa AG had also not submitted a formal offer.
Vienna/Paris - Air France-KLM has dropped its bid for Austrian Airlines AG, a spokesman said in Paris on Tuesday.
Paris - French shares made strong gains on Monday, closing on the day's high, despite weakness among banking and environmental stocks.
Paris - French shares were holding on to gains in mid-afternoon trading on Monday but banking and environmental stocks continued to lose ground.
