Paris

French shares plunge despite interest rate cut

French shares plunge despite interest rate cut Paris - French shares shrugged off a substantial interest rate cut by the European Central Bank and ended Thursday's session with a big loss.

The Paris Bourse's CAC 40 index closed off by 6.38 per cent, at 3,387.25, as all 40 listed stocks lost ground.

The sell-off was led by steel giant ArcelorMittal, which lost nearly 20 per cent, to 16.75 euros, on fears that the recession will be deeper and more stubborn than expected.

Alstom registers healthy first-half profits rise

Paris - French transport equipment manufacturer Alstom said Thursday it had registered record orders and a healthy profits rise in the first half of its current business year.

Strike disrupts French railways

Strike disrupts French railwaysParis - A 24-hour strike by train conductors protesting new working hours severely disrupted French train service throughout the country on Thursday.

The French national rail service SNCF said only about half of all scheduled regional trains were running, while an average of two of three high-speed TGV trains were operating.

Suburban rail service in and out of Paris was also affected by the job action, with about one of two scheduled trains running on average.

Poll: Most French people think Obama elections is good for US

Barack ObamaParis - An overwhelming majority of the French people think that the election of Barack Obama is good for the image of the United States, according to a poll made public on Thursday.

In the survey, conducted by the OpinionWay institute for the daily Le Figaro, 85 per cent of respondents said that Obama's election as US president was either very good or good for the country's image.

That sentiment was the same across the entire French political spectrum, with even a majority of supporters of the anti-immigrant right-wing extremist Jean-Marie Le Pen agreeing with it.

India’s Chandrayaan successfully settles into lunar trajectory

India’s Chandrayaan successfully settles into lunar trajectoryParis, Nov 6 : Following a fifth orbit-raising maneuver, India’s Chandrayaan-1 spacecraft has successfully settled into a trajectory that will take it to the Moon.

Chandrayaan-1 is India’s first mission to venture beyond Earth’s orbit.

After launch on 22 October, the spacecraft was first injected into an elliptical 7-hr orbit around Earth, between 255 km and 22 860 km above our planet.

F1 engines must last longer from 2009; changes to steward system

F1 engines must last longer from 2009; changes to steward system Paris - Formula One engines will have to last for three instead of the present two race weekends from the 2009 championship season, motorsport authorities decided Wednesday.

The decision was taken by the world motorsport council of international motorsport federation FIA in a further effort to save costs in F1 racing.

The council also agreed to some adjustments in its officiating system following a number of controversial rulings by race stewards in the just-ended 2008 season.

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