France Financial News

By Sarah Marsh and Andreas Rinke

France has successfully test-fired an M51.3 long-range ballistic missile, boosting the credibility of France's nuclear deterrence capabilities, the defence ministry said on Sunday. The missile, which did not carry a nuclear weapon, was fired from the French army's Biscarosse missile testing site in southwest France and landed in the North Atlantic, «hundreds of kilometres from any coastline» the ministry said, without giving further detail. «The flight has allowed to confirm a major improvement of the missile which will contribute to the lasting credibility of France's oceanic deterrence in coming decades,» the ministry said in a statement on Sunday. It added that maintaining operational credibility of France's nuclear weapons is required given the international environment. Following Russia's invasion of Ukraine in February 2022, President Vladimir Putin has repeatedly warned the West that he would be ready to use nuclear weapons to defend Russia. The M51.3 missile is an upgraded version of the M51, a three-stage sea-land strategic ballistic missile designed to be launched from French Navy submarines. The M51 was first test-fired from a ground base in 2006 and from a submarine in 2010, the year it was commissioned. The new M51.3 missile, which is expected to enter service around 2025, is developed by aerospace firm ArianeGroup, a joint venture between Airbus and French defence group Safran . Ballistic missiles are similar to rockets and follow elliptic trajectories after launch, often leaving the earth's atmosphere to reach lower space, unlike cruise missiles, which typically follow straight trajectories at low altitude, powered by continuous thrust until they reach their target.

By Andreas Rinke

global markets, easing US bond yields, and strong domestic institutional inflows suggest that the momentum in domestic equities is likely to continue this week. However, it’s the primary market that’s going to steal the limelight, as IPOs worth Rs 7,300 crore will be up for sale, led by Tata Technologies. Investors will be eagerly waiting for Tata Tech’s IPO, the first one from Tata Group in 20 years, and the fact that demand remains high, is reflected in the price as the stock is trading at a premium in the grey market. Two other major IPOs to look out for are Mini Ratna company Indian Renewable Energy Development Agency, and Fedbank Financial Services. As for the Nifty50, analysts expect the index to remain in a consolidation phase until it decisively breaches the 19,850 mark.

However, the question arises whether 'Napoleon' will release on OTT streaming platform or not. The answer is yes, the film will release on streaming platform.

Nicki Minaj, the Grammy-winning rapper, has announced her newest tour named 'Pink Friday Tour 2'. The singer has revealed the places where she will be performing. However, the dates of the tour will be announced next month.

Sergei Aleksashenko, formerly a deputy governor of the Bank of Russia and a deputy finance minister, on its wanted list, Russian state news agencies TASS and RIA reported on Saturday. Aleksashenko, who has criticised Russia's war in Ukraine, has been living in exile in the United States after falling out with President Vladimir Putin's government and had already been designated a «foreign agent». TASS reported that Aleksashenko had been added to the interior ministry's wanted list on an unspecified criminal charge. Reuters could not immediately access the ministry's overall database and Aleksashenko could not immediately be reached for comment.

OTT platforms have unveiled an array of fresh releases this week, spanning across genres such as action, drama, romance, and mystery. From the thrilling 'The Killer' to the intriguing ‘The Railway Men,’ the curated list ensures there's something for every taste. Popular streaming services like Disney Plus Hotstar, Netflix, and Amazon Prime Video present a diverse lineup, offering viewers a variety of options to explore.

As the final weeks of 2023 approach, it’s fair to say that one of the most dominant trends and drivers of crypto companies’ strategies over the past months can be summed up in a single word: licenses. 

Air India and reflects the airline's commitment to offering a modern and visually appealing experience for passengers. The Tata Group-owned airline has ordered six A350-900 planes and five of them are scheduled for delivery through March 2024. On September 29, Air India said it has completed the acquisition of its first A350-900 aircraft by way of a finance lease transaction with HSBC through the GIFT City.

Juliette Binoche, Marion Cotillard, and Jacques Audiard are part of the group of 500 French cinema professionals who have endorsed an open letter in support of a silent peace march set to take place in Paris this Sunday. The initiative, organized in response to the Israel-Hamas conflict and its ongoing global impact, is being led by the recently established collective known as «Une Autre Voix» (Another Voice). The letter emphasizes that the ongoing fratricidal war impacts everyone, irrespective of individual reasons or affiliations on either side of the conflict.

MOSCOW (Reuters) — France's Alstom (EPA:ALSO) is set to sell its 20% stake in Transmashholding (TMH) back to the Russian railcar manufacturer by the end of the year, the Interfax news agency cited TMH head Kirill Lipa as saying on Friday.

The second edition of ‘Lollapalooza India’ will be taking place in Mumbai on January 27 and 28 2024. Just like the first edition, ‘Lollapalooza India 2024’ will be held at the iconic Mahalaxmi Race Course, Mumbai.

Investing.com — European stock markets are expected to open higher Friday, looking to end a volatile week on a positive note ahead of the final release of eurozone inflation data for October.

By Wendell Roelf

Investing.com — European stock markets are expected to open in a subdued manner Thursday, consolidating after recent gains on optimism that the policy tightening cycles of a series of major central banks are over.

Turns out Melbourne’s EastLink toll road is not the only Aussie asset that French infrastructure giant Vinci Group’s got its eye on.

The House Financial Services Subcommittee on Digital Assets, Financial Technology & Inclusion convened the afternoon of Wednesday, November 15th, to discuss illicit activity in regards to cryptocurrency.

The United States House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion received an education in the uses of blockchain technology in a hearing entitled “Crypto Crime in Context: Breaking Down the Illicit Activity in Digital Assets” on Nov. 15. The hearing was bipartisan in nature, chair French Hill stated at the outset. 

Canadian pension funds bulked up on private equity investments for their attractive returns over the past couple of decades, but changing dynamics in the PE sector and volatility in public markets are now leading some to reverse course and put holdings on the block.

By Timothy Gardner