EY director Colin Pickard said Bitcoin has the potential to be a game changer in the financial services industry as long as governments start regulating the digital currency.
Tags: France
France's GDF Suez acquires 74% stake in Indian coal-based power project
French power company GDF Suez has purchased a 74% stake in a 1,000 megawatt coal-based power project owned by India's Meenakshi Energy and Infrastructure Holdings for an undisclosed sum.
Renault, Dongfeng finally ink $1.3 billion joint venture after nine years
French automaker Renault and state-owned Dongfeng Motor Group have finally closed a $1.3 billion partnership agreement after almost a decade. The deal allows Renault to sell locally assembled models in China.
Liquor giant Remy Cointreau eyes joint venture with India's Nashik Vintners
French alcoholic beverages company Remy Cointreau looks to form a partnership with India's largest winemaker Nashik Vintners Pvt. Ltd. Remy and Nashik Vintners are expected to launch an India-specific brand through the joint venture.
Wall Street will be moving hundreds of millions into Bitcoin - SecondMarket chief
SecondMarket founder and chief executive Barry Silbert claimed in an article on Entrepreneur that Wall Street will soon invest their money in hundreds of millions into Bitcoin.
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French automobile manufacturer PSA Peugeot Citroen is nearing a €3.5 billion share sale deal with Chinese carmaker Dongfeng Motor Co. and the government of France. Under the terms of the deal, Dongfeng and the French state will each hold a 20% stake in Peugeot.
Luxury fashion house Chanel has acquired the Bodin-Joyeux tannery based in Levrous, France, in a bid to maintain the world-class quality of the fashion company's leathers.
Total, Europe's third-biggest oil company, will purchase a 61.3% stake in InterOil Corp.'s liquified natural gas project in Papua New Guinea. The acquisition deal is worth USD3.6 billion.
French building materials business Materis is reportedly in an advanced stage of negotiations to sell its business unit Kerneos. Investment firm Astorg Partners will acquire Kerneos for EUR610 million.
The Chinese government on Thursday cleared the USD1.3 billion car-making joint venture between Dongfeng Motor Group and France's Renault. Under the deal, the two companies will manufacture 150,000 multi-purpose vehicles annually.
Ireland's Ryanair on Tuesday announced that it won't participate in Italian airline Alitalia's EUR300 million emergency cash call. Other carriers including Lufthansa, Etihad Airways, Aeroflot and Alitalia shareholder Air France-KLM have also turned down the deal.
La Redoute chief executive Nathalie Balla and Redcats finance chief Eric Courteille have reportedly made a joint bid to acquire Kering's loss making mail order business La Redoute.
ONGC Videsh Ltd, Oil and Natural Gas Corporation's overseas arm, has bid for 3 out of 13 Sri Lankan oil and gas blocks in the Mannar basin.
France will move closer towards relaxing restrictions on Sunday opening for shops when a government-commissioned report on proposed reforms is released on Monday.
