Give it to the French--they are now re-inventing Dale Carnegie's "How to Win Friends and Influence People" to "How to Lose Friends and Make Enemies"--
French bank governor Christian Noyer calls for City of London to be sidelined as Europe's financial hub - Telegraph: "Christian Noyer told the Financial Times that there was "no rationale" for allowing the eurozone's financial centre to be "offshore". "Most of the euro business should be done inside the euro area. It's linked to the capacity of the central bank to provide liquidity and ensure oversight of its own currency," he told the Financial Times in an interview. "We're not against some business being done in London, but the bulk of the business should be under our control. That's the consequence of the choice by the UK to remain outside the euro area." Mr Noyer's broadside is one of several outspoken public attacks that have been launched by French leaders on Britain. . . . "
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Samsung Expects Second-Quarter Profit to Climb 11% - CNET - The electronics giant has had a string of strong quarters in the past year.