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☆ European shares rise as US data soothes economic slowdown fears
▼ + stars: | 2023-06-28 | by ( ) www.reuters.com time to read: +1 min

June 28 (Reuters) - European shares climbed on Wednesday after robust U.S. data soothed concerns about a steep economic slowdown, while investors awaited commentary from central bankers at a forum later in the day for further policy direction. The pan-European STOXX 600 index (.STOXX) was up 0.5% by 0810 GMT, tracking Wall Street's gains overnight after data showed a rise in new orders for key U.S.-manufactured capital goods and heightened consumer confidence in June. Investors are keenly watching a panel discussion of central bankers in Sintra, including European Central Bank President Christine Lagarde, Federal Reserve Chair Jerome Powell and Bank of Japan Governor Kazuo Ueda. French supermarket chain Carrefour (CARR.PA) gained 3.1% after Morgan Stanley initiated coverage with an "overweight" rating. Reporting by Matteo Allievi in Gdansk and Amruta Khandekar in Bangalore; Editing by Subhranshu SahuOur Standards: The Thomson Reuters Trust Principles.

Persons: Christine Lagarde, Jerome Powell, Kazuo Ueda, Morgan Stanley, Matteo Allievi, Subhranshu Sahu Organizations: Roche, Investors, European Central Bank, Bank of Japan, Carrefour, Thomson Locations: Sintra, Gdansk, Amruta, Bangalore

☆ Messi says he struggled to adapt after PSG move, some fans treated him differently
▼ + stars: | 2023-06-23 | by ( ) www.reuters.com time to read: +2 min

"My stay in Paris started with a very difficult adaptation, much more than I expected, even though I had people I knew in the dressing room. "And then people started to treat me differently, a part of the Paris fans started to treat me differently." "There was a rift with a big part of the Paris fans, it was not my intention, far from it, it happened like that. It had happened before with Mbappe and Neymar and I know that's their way of doing things." Reporting by Janina Nuno Rios in Mexico City and Rohith Nair in Bengaluru, Editing by Angus MacSwanOur Standards: The Thomson Reuters Trust Principles.

Persons: Lionel Messi, jeers, Kylian Mbappe, Neymar, Messi, BeIN, Cruz Azul, Janina Nuno Rios, Rohith Nair, Angus MacSwan Organizations: Paris St Germain, PSG, MLS, Inter Miami, League, BeIN Sports, Paris, Miami, Thomson Locations: Paris, Argentine, Saudi Arabia, Barcelona, Cruz, Mexico City, Bengaluru

☆ Cash-strapped Casino to sell participation in Brazil's Assai
▼ + stars: | 2023-06-22 | by ( ) www.reuters.com time to read: 1 min

PARIS, June 22 (Reuters) - Heavily indebted French supermarket chain Casino (CASP.PA) on Thursday announced it would sell its residual equity stake in Brazilian retailer Assai, representing around 12% of the company's share capital. The deal helps Casino improve its liquidity, the company said one day after announcing it had also reached an agreement with the French government to defer payment of the group's tax and social security liabilities. Casino has been plagued for years by hefty debt following a string of acquisitions and by declining revenues and loss of market share in a competitive domestic market. Reporting by Tassilo Hummel; Editing by Benoit Van OverstraetenOur Standards: The Thomson Reuters Trust Principles.

Persons: Tassilo Hummel, Benoit Van Overstraeten Organizations: Assai, Thomson

☆ N.B.A. Draft Preview: After Victor Wembanyama, Watch for These Players
▼ + stars: | 2023-06-19 | by ( David Gardner | ) www.nytimes.com time to read: +1 min

The only mystery surrounding the top pick in this year’s N.B.A. On May 16, the San Antonio Spurs won the draft lottery, giving them the opportunity — or, perhaps more aptly, the obligation — to select Victor Wembanyama with the first overall pick. Wembanyama, a 7-foot-4 French superstar, is perhaps the most-hyped N.B.A. Within his eight-foot wingspan, Wembanyama has just about every skill N.B.A. “There is no better environment for him than the Spurs,” said Jonathan Givony, a draft analyst for ESPN.

Persons: Victor Wembanyama, LeBron James, Wembanyama, ”, Jonathan Givony Organizations: San Antonio Spurs, Spurs, ESPN

☆ Kylian Mbappé: What next for French superstar as questions over his PSG future rumble on?
▼ + stars: | 2023-06-17 | by ( Matias Grez | ) edition.cnn.com time to read: +6 min

On Thursday when questioned about his PSG future, he told reporters that Macron has no influence on his career. I’ve already answered, I’ve said that my objective is to stay at PSG, that’s my only option at the moment. Kylian Mbappé, Lionel Messi and Neymar were unable to guide PSG to Champions League glory. Every team in the world would undoubtedly love to sign Mbappé, but his list of realistic suitors will be rather short. Regardless of the final outcome, love it or hate it this saga looks set to rumble on for the foreseeable future.

Persons: Kylian Mbappé, Germain, Mbappé, Neymar, ’ Mbappé, “, Emmanuel Macron, Macron, I’ve, – Mbappé, meekly, Lionel Messi, Sergio Ramos, Carl Recine, Erling Haaland, Edinson Cavani, Jude Bellingham, Karim Benzema, It’s, Real, Harry Kane, Frenchman, Kane, scupper, Christophe Simon Organizations: CNN, spurn Real, Paris Saint, PSG, AS Monaco, Real, Twitter, Reuters, Real Madrid, lowball PSG, Champions League, Ligue, Parc des Princes, Qatar Sports Investment, League, Bayern Munich, Borussia Dortmund, Tottenham Hotspur, Manchester United Locations: spurn Real Madrid, Los, Le, …, France, Paris, Real, Lens, Parc des, Al, Ittihad, Saudi Arabia, AFP

"I made the decision that I'm going to go to Miami," Messi said in an interview with Mundo Deportivo and Sport newspapers. Inter Miami are co-owned by former England captain David Beckham, who was one of the first major European stars to move to the United States to play in the MLS, winning the MLS Cup twice with Los Angeles Galaxy. PSG EXITOnce the crown jewel of European football, Messi has effectively been let go by two super clubs in two years -- for free. His move away from PSG, however, is of his own volition as he felt the French club lacked a project for the future while fan unrest only hastened his exit. The highs after winning Argentina's first World Cup in 36 years were quickly offset by the lows he experienced in Paris.

Persons: Lionel Messi, Paris St Germain, Messi, I'm, Cristiano Ronaldo, Al Nassr, Karim Benzema, David Beckham, Phil Neville, Rory Carroll, Rohith Nair, Amy Tennery, Janina Nuño Rios, Angelica Medina, Ed Osmond, Toby Davis Organizations: Wednesday, Major League Soccer, Inter Miami, Paris St, PSG, Spanish, Mundo Deportivo, Sport, Ligue, French, U.S, Reuters, Adidas, Apple, MLS, Al, Los Angeles Galaxy, Eastern, Barcelona, Qatar Sports Investments, League, Thomson Locations: ANGELES, snubbing, Saudi Arabia, Barcelona, Miami, Europe, South Florida, Argentine, Spanish, Argentina, Qatar, Barca, Saudi Arabian, Al, Hilal, Al Ittihad, United States, Paris, Los Angeles, Bengaluru, New York, Mexico City

☆ Argentina's Messi keen on rejoining Barcelona, says father
▼ + stars: | 2023-06-05 | by ( ) www.reuters.com time to read: +2 min

June 5 (Reuters) - Lionel Messi, who last week played his last game for Paris St Germain, is open to making a return to LaLiga side Barcelona, the Argentine forward's father said on Monday. Barca were forced to let their talisman leave in 2021 because his high wages coupled with strict LaLiga financial rules could have jeopardised the club's future. We are confident that Leo can come back," Messi's father Jorge said in an interview with Twitch channel Jijantes FC. The United States' Major League Soccer club Inter Miami have also been touted as a possible destination for Messi. Reporting by Aadi Nair in Nashik, India Editing by Christian RadnedgeOur Standards: The Thomson Reuters Trust Principles.

Persons: Lionel Messi, Paris St Germain, Barca, Messi, Ronald Araujo, Gavi, Joan Laporta, Leo, Messi's, Jorge, Al Nassr, Cristiano Ronaldo, Karim Benzema, Aadi Nair, Christian Radnedge Organizations: Paris St, PSG, Barca, Jijantes FC, Messi, Ligue, French, Reuters, Al, Real Madrid, United, Major League Soccer, Inter Miami, Thomson Locations: Barcelona, Argentine, Nou, Argentina, Qatar, Saudi Arabian, Hilal, Saudi Arabia, United States, Nashik, India

☆ CDS panel asked whether payment failure occurred for Casino
▼ + stars: | 2023-06-02 | by ( ) www.reuters.com time to read: +1 min

June 2 (Reuters) - An investor has asked a panel that rules on credit default swaps (CDS) whether a "failure to pay" credit event has occurred for French retailer Casino (CASP.PA), which could trigger a payout on the derivatives used to insure against default. A CDDC meeting on that question, which could also lead to a payout on CDS, is scheduled for later on Friday. A number of circumstances can constitute a credit event that can trigger a payout on CDS, which insure against losses from exposure to corporate or sovereign debt. There were $428 million of net notional Casino CDS outstanding as of May 19, according to DTCC data. Credit rating agency Moody's said on Wednesday it had downgraded Casino to "CAA3" with a negative outlook which reflected "very high probability of default".

Persons: Casino, Moody's, Yoruk, Mark Potter Organizations: Casino, EMEA, CDS, Thomson

☆ Argentina star Messi to play last game for PSG on Saturday - Galtier
▼ + stars: | 2023-06-01 | by ( ) www.reuters.com time to read: +3 min

Messi, who has 21 goals and 20 assists for PSG in all competitions this season, moved to the French capital from Barcelona in 2021 on a two-year contract. This will be his last match at the Parc des Princes, and I hope that he will receive the warmest of welcomes," Galtier told reporters on Thursday. PSG'S TITLE CELEBRATIONS ON HOLDMessi's last game for PSG is unlikely to be a joyous affair, with Galtier saying that their title celebrations would be put on ice with the distraught squad's thoughts occupied with concern for goalkeeper Sergio Rico. We're all affected because we went from winning the French title on Saturday to waking up in more than a little pain on Sunday morning," Galtier told reporters ahead of PSG's final league game of the season. Reporting by Aadi Nair in Nashik, India; Editing by Hugh Lawson and Pritha SarkarOur Standards: The Thomson Reuters Trust Principles.

Persons: Lionel Messi, Christophe Galtier, Messi, Galtier, He's, It's, Sergio Rico, Rico, it's, Sergio, Aadi Nair, Hugh Lawson, Pritha Organizations: Paris St Germain, Clermont, Parc des Princes, PSG, Ligue, French, Lorient, Reuters, Al, Barcelona, Major League Soccer, Inter Miami, Messi's, Racing Strasbourg, Sunday, Thomson Locations: Argentine, Parc des, Barcelona, Argentina, Qatar, Saudi Arabia, Saudi Arabian, Hilal, United States, Spain, PSG's, Nashik, India

☆ UK government says it is meeting with food bosses over high prices — but denies it will impose caps
▼ + stars: | 2023-05-29 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

The government is reportedly in discussions with supermarkets over voluntary price caps on some items. "The government is not considering imposing price caps. Any scheme to help bring down food prices for consumers would be voluntary," a government spokesperson told CNBC by email. "We know the pressure households are under with rising costs and while inflation is coming down, food prices remain stubbornly high. That's why the prime minister and the chancellor have been meeting with the food sector to see what more can be done."

☆ DoorDash-backed Flink is in talks to raise around $100 million at a haircut to its earlier $2.85 billion valuation, sources say
▼ + stars: | 2023-04-20 | by ( Callum Burroughs | Riddhi Kanetkar | ) www.businessinsider.com time to read: +3 min

Flink is raising around $100 million at a haircut to an earlier valuation, sources said. The startup most recently raised funding in 2022 at an estimated $5 billion valuation. Any prospective funding is mooted to be at a down round valuation of around $1.5 billion, two sources said. Discussions around fresh funding remain at an early stage and figures are subject to change. These firms, often only months old, raised funding rounds in rapid succession, hitting billion-dollar and multibillion-dollar valuations fast.

☆ French retailer Casino selling down stake in Brazil's Assai
▼ + stars: | 2023-03-14 | by ( ) www.reuters.com time to read: +1 min

Casino said it would be selling 12.9% of Assai's share capital, representing 174 million shares. The French company said the sale formed part of its previously announced plans to sell assets. Casino said the sale amount could be increased by up to 80 million common shares, representing an extra 5.9% of Assai's share capital. Casino owns a 30.5% stake in Assai, according to the Brazilian firm's website. Casino is also in exclusive talks to combine its French retail business with smaller food retailer Teract (TRACT.PA).

☆ 'Let's bring France to a halt': Oil refineries blocked and trains halted by pension reform protests
▼ + stars: | 2023-03-07 | by ( Jenni Reid | ) www.cnbc.com time to read: +3 min

Christophe Archambault | Afp | Getty ImagesStrike action over plans to raise the pension age in France caused widespread disruption on Tuesday, as trains came to a near-standstill, many schools were shut and fuel deliveries were blocked from refineries. Lou Benoist | Afp | Getty ImagesEric Sellini, a representative from the CGT union at TotalEnergies, told Reuters that a strike blocking the Gonfreville refinery in Normandy would run until Thursday. Another at the Donges refinery in western France is set to run until Friday, he added. Sameer Al-doumy | Afp | Getty ImagesThe strikes come as French workers grapple with red-hot inflation, which accelerated unexpectedly in February to hit 6.2% year-on-year. Around two thirds of the public support protests against the pension reforms, according to an Elabe survey.

☆ Crunch time: U.N. puts baguette on cultural heritage list
▼ + stars: | 2022-11-30 | by ( Associated Press | ) www.nbcnews.com time to read: +4 min

PARIS — The humble baguette — the crunchy ambassador for French baking around the world — is being added to the U.N.’s list of intangible cultural heritage as a cherished tradition to be preserved by humanity. With the bread’s new status, the French government said it planned to create an artisanal baguette day, called the “Open Bakehouse Day,” to connect the French better with their heritage. With the bread’s new status, the French government said it planned to create an artisanal baguette day. It’s the traditional baguette from the traditional bakery that’s in danger. The “artisanal know-how and culture of baguette bread” was inscribed at the Morocco meeting among other global cultural heritage items, including Japan’s Furyu-odori ritual dances, and Cuba’s light rum masters.

☆ French retailer Casino launches stake sale in Brazil's Assai
▼ + stars: | 2022-11-28 | by ( Pablo Mayo Cerqueiro | David French | ) www.reuters.com time to read: 1 min

PARIS, Nov 28 (Reuters) - French supermarket retailer Casino (CASP.PA) said on Monday it had launched a stake sale in Brazilian cash-and-carry chain Assai (ASAI3.SA) as part of its general debt-cutting plans. Casino said it was selling 140.8 million shares in Assai, representing 10.4% of the company's share capital, and that it could sell a further 3.7% of Assai later. Based on Assai's closing share price of 19.21 Brazilian real ($3.55) on Nov. 25, the sale of 140.8 million shares would be worth 2.7 billion reals ($499 million). Casino said the Assai share sale would take the form of a secondary public offering. ($1 = 5.4098 reais)Reporting by Sudip Kar-Gupta; Editing by Edmund Klamann and Subhranshu SahuOur Standards: The Thomson Reuters Trust Principles.

☆ Factbox: The newest fronts in climate-change-related legal battles
▼ + stars: | 2022-11-18 | by ( Clark Mindock | ) www.reuters.com time to read: +6 min

At the COP27 climate talks in Egypt, U.N. experts last week warned that many corporate environmental claims amounted to “empty slogans and hype.” This could embolden campaigners to launch more legal cases against climate-action laggards. The companies have denied the allegations in the lawsuits but have made public promises to work to avoid plastic pollution. The group claims the fossil fuel investments violate the French duty of vigilance law requiring corporations to identify and reduce environmental harms. The group, led by Oxfam France and Friends of the Earth France, called the move an "unprecedented legal action." The lawsuit claims DWS told investors that it invests 0% in controversial sectors such as coal, but elsewhere indicated revenue from the coal industry accounts for as much as 15% of the fund's revenue.

☆ Kylian Mbappé tells Sports Illustrated he considered quitting French national team after Euro 2020, citing lack of support after suffering racist abuse
▼ + stars: | 2022-11-11 | by ( Ben Morse | ) edition.cnn.com time to read: +2 min

CNN —French superstar Kylian Mbappé says he considered quitting the France national team after Euro 2020, citing a lack of support after suffering racist abuse. The Paris Saint-Germain star said he told Le Graët: “I cannot play for people who think I’m a monkey. “This is the new France … It’s for that that I didn’t give up the national team. Mbappé and the FFF have been at loggerheads over the last year around the image rights for France’s national team players. Three months later, Le Graët told L’Équipe that the agreement on image rights would not change before the World Cup.

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