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Prime Minister Francois Fillon

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Oil Falls, Talk of SPR Release Encourages Profit-Taking

Oil prices fell for a third straight session on Thursday, snapping key technical support after growing talk of a release of strategic petroleum reserves (SPR) by consumer nations spurred profit-taking.Even with the day's losses for both contracts, Brent crude futures remained on pace to post a 14 percent gain for the quarter, with U.S. crude on track for a 4 percent rise.Traders took profits from oil's bull run as the United States, Britain and France consider releasing emergency stockpiles in hopes of bringing down high fuel prices that have caused economic and political fallout.Economic concerns mounted after data showed a higher-than-expected number of Americans filed U.S. jobless claims, weighing on stock and crude markets."I think part of it is today's economic data," said Richard Ilczyszyn, chief market strategist and founder of iitrader.com LLC in Chicago. "I think traders are very sensitive to booking profits to have that 1 to 2 percent gain for the month.""We've been talking a...

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  1. Europe Ramps Up Rescue Fund, May Turn to IMF

    Euro zone ministers agreed on Tuesday to ramp up the firepower of their rescue fund but couldn't say by how much and raised the possibility of asking the IMF for mor...

  2. Euro Zone Races to Soothe Bond Markets

    Euro zone governments rushed to placate feverish bond markets on Monday as the currency bloc's debt crisis threatened to accelerate out of control, with Italy overta...

  3. French Government Unveils More Budget Savings

    The French government announced plans on Monday to save an additional 18.6 billion euros ($25.5 billion) in 2012 and 2013 in an effort to lower its deficit in the fa...

  4. French Government Unveils More Budget Savings

    LONDON -- The French government announced plans on Monday to save an additional 18.6 billion euros ($25.5 billion) in 2012 and 2013 in an effort to lower its deficit...

  5. Message to Greece: Are You In or Out?

    Germany and France pressed Greece on Wednesday to make up its mind fast whether it wants to stay in the euro zone after a shock decision to call a referendum on an E...

  6. France, Germany demand quick Greek decision on euro

    By Emmanuel Jarry and Dina KyriakidouGermany and France told Greece Wednesday to make up its mind fast whether it wants to stay in the euro zone after a shock decisi...

  7. France, Germany demand Greek decision on euro

    By Emmanuel Jarry and Dina KyriakidouGermany and France told Greece on Wednesday it should make up its mind by mid-December whether it wants to stay in the euro zone...

  8. EU ready for decisive measures on debt crisis: French PM

    The European Union is ready to adopt decisive measures to tackle its sovereign debt crisis, French Prime Minister Francois Fillon said Sunday."Member states, includi...

  9. Key to Solving Europe's Debt Disaster: Euro Bonds?

    Investors around the world are quickly losing faith that policymakers will find a credible solution to end Europe’s most serious crisis since the euro’s inception mo...

  10. Selloff raises stakes in Sarkozy-Merkel euro zone talks

    By Leigh Thomas and Yann Le GuernigouPARIS (Reuters) - France and Germany's leaders face a stark choice in talks Tuesday over whether to steer the embattled euro zon...

  11. As Rating Worries Brew, France Seeks More Deficit Cuts

    President Nicolas Sarkozy ordered his finance and budget ministers to come up with new steps to prune the public deficit on Wednesday, after a U.S. debt downgrade th...

  12. Airbus piles pressure on Boeing, Putin in Paris

    By Tim Hepher and Kyle PetersonLE BOURGET, France (Reuters) - Airbus piled up orders for its revamped A320neo passenger jet at the Paris Air Show on Tuesday, putting...

  1. French Premier Upbeat On Oil-release Prospects

    French Prime Minister Francois Fillon on Thursday said he was optimistic about prospects for an agreement between the U.S. and Europe on the release of oil stockpile...

  2. CEOs Ask France For Help In Emissions Flap With China - Report

    DOW JONES NEWSWIRESThe chief executives of three European companies have appealed to the French government for help in negotiations over China's withholding of final...

  3. Athens Hoping to Seal Bailout Deal Monday

    Greece appears to be closing in on a new international rescue package despite unresolved doubts among euro zone partners about how fast it will manage to bring its d...

  4. French Auditor: Decommissioning Reactors Will Cost EUR18.4 Billion

    France's state auditor Tuesday estimated that dismantling the country's 58 nuclear reactors would cost a gross EUR18.4 billion, though it cautioned that the final co...

  5. France Slashes Growth Outlook

    The French government slashed its 2012 growth forecast by half Monday but insisted it won't have to unleash another round of austerity, steering clear of an exercise...

  6. France Cuts 2012 GDP Growth Forecast To 0.5% From 1% - PM

    Prime Minister Francois Fillon said Monday that France has cut its official growth forecast for this year to 0.5% from 1% previously.Fillon said no extra austerity m...

  7. France's Rating Will Be Cut Early Next Year: Poll

    France will lose its AAA credit rating early next year regardless of last-ditch efforts by President Nicolas Sarkozy to resolve the euro zone crisis at an EU summit ...

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