Deutsche Bank AG and Saint-Etienne, a centuries-old town in France’s Massif Central region, settled a four-year-old “toxic” loan spat this week. The town’s woes aren’t over as other banks aren’t playing ball, its mayor said.
Venezuela’s President Hugo Chavez is enlisting Mexico’s Gruma SAB, French retailer Casino and other international companies to boost supplies of milk, corn flour and cement as shortages threaten to dent his bid for re-election in 2012.
Marseille beat Saint Etienne 1-0 yesterday to move level on points atop France’s Ligue 1 as many of Europe’s top soccer leagues entered mid-season breaks. Ajax slipped three points behind the leaders in the Netherlands.
Casino Guichard-Perrachon SA, the owner of Monoprix and Big C supermarkets, reported an 18 percent jump in 2013 earnings, led by gains in Brazil, and said it’s targeting a resumption of sales growth in France this year.