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		<title>Pensions: &quot;We can not dodge the reality&quot;</title>
		<link>http://lamarshbaptistchurch.com/pensions-we-can-not-dodge-the-reality/</link>
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		<pubDate>Tue, 07 Sep 2010 08:04:24 +0000</pubDate>
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		<description><![CDATA[ LE FIGARO. &#8211; The postponement of the age of retirement at age 62 is it inevitable? 
 Jean-Francois Cope. &#8211; It&#39;s the only possible attitude. The aim of this reform is the future of the entire pension system of our country. If we do nothing, the deficit will be 20 billion euros in 2010, [...]]]></description>
			<content:encoded><![CDATA[<p> LE FIGARO. &#8211; The postponement of the age of retirement at age 62 is it inevitable? </p>
<p> Jean-Francois Cope. &#8211; It&#39;s the only possible attitude. The aim of this reform is the future of the entire pension system of our country. If we do nothing, the deficit will be 20 billion euros in 2010, 45 in 2020 and probably 70 in 2030. All reports conclude that the impasse, and all other European countries have faced this challenge by raising the legal age of retirement at 65 or 67 years, as in Germany, Scandinavia and Spain. I do not see any political leader worthy of the name could sidestep this reality.I understand that this may cause concern and annoyance, but there are facts that can not be ignored. </p>
<p> What will a government project can be improved? </p>
<p> The arduous, long careers and polypensionnés are three areas where progress is possible. We have highlighted the problem of hardship and that of older workers at a forum Generation France on the theme &quot;Working more to earn more together&quot;. The hardship is not a question that deals with the day of retirement, but throughout life. If it pushes the age of retirement at age 62, is a new report by the French company to work he must create.Public and private employers will have to devise a new career stage, not early retirement. </p>
<p> The left and the unions say that Eric Woerth is not able to defend this reform. What do you say? </p>
<p> I am absolutely appalled by the attacks Eric Woerth victim. I never spared him my support. He is the man of the file. We need it. I deeply regret that the unions have felt that Eric Woerth was not available to conduct necessary reform. I do not understand this position is not consistent with the tradition in France Association. For our part, we are very mobilized. I gathered from that morning UMP to demonstrate our total determination.The central question I ask throughout the debates, is simple: assuming that the left would come to power in 2012, she would, as said Martine Aubry, the legal age to 60? </p>
<p> Jean-Marc Ayrault, head of the PS deputies, said he wants to discuss &quot;proposed project cons &#8230;&quot; </p>
<p> I do not believe. I heard only one proposal in the PS, one to increase taxes and taxes of 40 billion euros to finance pensions. </p>
<p> Claude Gueant sees an act of &quot;allegiance&quot; in the forum that you published Saturday in Le Figaro Baroin, Bruno Le Maire and Christian Jacob. Do you agree? </p>
<p> This is not the word I would choose. I prefer to talk about commitment.We want to make the maximum contribution to the re-election of Nicolas Sarkozy in 2012, working for and with him on policy messages that will have to send the French. </p>
<p> In this text, you still advocating a change in governance &#8230; </p>
<p> This is not a criticism <a href="http://paydayintime.com">No teletrak payday loan</a>. It seems interesting to consider a method that would allow us to get out of this climate in which any change was experienced front, divisive and aggressive. We will also devote a forum Generation France in this topic in November. One track is to foster a participatory approach, using new communication tools like the Internet. We must also rethink the relays that are political parties. Currently, they are far too centralized. </p>
<p> You wished that the UMP was &quot;revitalized&quot;.This is a nomination as Secretary General? </p>
<p> It offers a service that I have made Nicolas Sarkozy, pointing out that, whatever the functions that I exercise or I will, I commit myself totally to him for his reelection. With many of our friends members, we want to do more and better for him, especially within the party, which operates somewhat separate. But it only makes sense if the president wants. </p>
<p> You criticized the distance taken by François Fillon with new measures against crime. You said you&#39;re with him? </p>
<p> Do not overdo it.But this is not a trivial prime minister says he would not have chosen the same words, so that during the summer, what are the words that have polemical. </p>
<p> On security, others in the majority expressed reluctance &#8230; </p>
<p> I have no problem with those who express their differences. All 316 UMP deputies have their experience, their vision. I always made sure that everyone can express themselves within the group, but on one condition is that on the essentials, everyone is together. However, more surprisingly and increasingly complicated when the ministers express their differences. </p>
<p> And when it was Alain Juppe? </p>
<p> He said he could have signed our forum and I was extremely sensitive to its statement. We have many similarities, although the security we are not quite on the same line.Our law has long provided the possibility of falling from the French nationality who commit serious crimes. The left had limited this possibility to those acts of terrorism. I am not opposed to that measure to be extended to those who are seriously undermining the trustees of public authority that include the police and the police. As for the policy vis-à-vis the Roma, I recall that the exclusions are the result of court decisions aimed at people who illegally occupy land illegally. On behalf of what these individuals be treated differently from other illegal immigrants? It is time to end the hypocrisy festival this summer! </p>
<p> READ ALSO: </p>
<p> &quot;Pensions: France lags behind Europe </p>
<p> &quot;Age-related measures will fill some of the funding </p>
<p> &quot;MY FIGARO &#8211; Pensions until D-Day </p>
<p></p>
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		<title>Local taxes: high bill in 2010</title>
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		<pubDate>Sun, 05 Sep 2010 21:32:34 +0000</pubDate>
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		<description><![CDATA[ With the start of the season back taxes. It was then that households receive in their mailbox the tax notice for the property tax. Those in council tax will not be long. Taxpayers have until midnight Oct. 15 to set the first and the second until November 15. 
 Overall, the grade will be [...]]]></description>
			<content:encoded><![CDATA[<p> With the start of the season back taxes. It was then that households receive in their mailbox the tax notice for the property tax. Those in council tax will not be long. Taxpayers have until midnight Oct. 15 to set the first and the second until November 15. </p>
<p> Overall, the grade will be less painful than last year, while remaining salt. And for several reasons. Local taxes are calculated by multiplying the rental value of housing as determined by the administration by a tax rate voted by the regions, departments or municipalities. Each year, the rental value is increased at national level to keep pace with inflation. In 2010, the increase was fixed at 1.2% against 2.5% in 2009. </p>
<p> Moreover, local officials have been generally a bit lighter this year.According to the Forum for the management of cities, communes and intercommunal more than 100,000 people have on average increased their tax rate on property tax and residence tax of 2.8% in 2010 almost two times less than in 2009 (5.2%). </p>
<p> Period of &quot;midterm&quot; </p>
<p> The same goes for the departments, with an average increase in tax rates of 2.5% this year against 6.3% last year. The regions are, themselves, remain wise as last year (up 0.1% after 0.7%). Still, this level has little in local taxes. </p>
<p> In total, therefore, households should have their council tax increase of 3.7% and 3.9% this year to mark the foundation added a 1.2% rate hike, while confused level, a just over 2.5%. It is far from moderate. But this is not the disaster of last year, the bill had increased by 6%.&quot;We are already half-term in cities. No longer the period of strong increases in revenue, &quot;says Olivier Regis, Chief Executive of the Forum. </p>
<p> The average may conceal wide disparities. Thus, the Parisians are increased by 8% tax rates on housing and property tax. And after an increase of 9% last year! Local taxation, traditionally very low in Paris, still remains low. A household with two children in middle-income pay, according to calculations Forum, 435 euro tax shelter in the capital, against 1180 euros in Nimes. </p>
<p> Better also do not live in Montreuil (increase 10.3%), Argenteuil (+9%), Perpignan (+8%) or in Rouen (+8%). In terms of departments, people in the Yvelines are penalized with an increase of 14.8%. </p>
<p> Conversely, some elected officials have been reasonable.In half of the departments and half of the cities over 100,000 inhabitants, the rates have not budged in 2010. Among these include Bordeaux, Montpellier, Lille, Grenoble and Tours. Rodez has even dropped his residence tax of 1%! </p>
<p> In 2011, with the reform of business tax, the municipal level will be the one to collect the tax shelter, while the regions will lose property tax. The system will be simpler. But will they be elected more virtuous? &quot;Taxpayers can expect some moderation. For the inheritance, the other important community resource, go back with the recovery of real estate, &quot;predicts Olivier Regis. </p>
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		<title>The Great Bordeaux superstars</title>
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		<pubDate>Sat, 04 Sep 2010 00:48:12 +0000</pubDate>
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		<description><![CDATA[ &#34;All signs would like to do bio. Alas, it is not found! &#34;Lamented one of the major buyers. If the consumer is very aware of the organic, the supermarket buyer runs into a harsh reality that organic represents only 3% of the French, and it can not meet demand. But for a wine to [...]]]></description>
			<content:encoded><![CDATA[<p> &quot;All signs would like to do bio. Alas, it is not found! &quot;Lamented one of the major buyers. If the consumer is very aware of the organic, the supermarket buyer runs into a harsh reality that organic represents only 3% of the French, and it can not meet demand. But for a wine to be present in all stores of France and Navarre, supermarkets must have large volumes, which is a strong constraint and directs all its procurement strategy. </p>
<p> With a shortage of organic wines, only a few snipers are emerging as Rebourcet Aude, engineer and winemaker agro Franprix: &quot;It has been several years that I track and I put them in value, like young winemakers elsewhere.Results of this long-term, the company offers a beautiful range of organic designations in some run, so the wines at reasonable prices. </p>
<p> Prizes! That is the watchword of wine fairs, their only real competitive advantage, but a trump card that takes on even more importance in times of crisis. All the signs highlight: &quot;Half of the wines at low prices and 200 good shots below 5 euros&quot; for Carrefour, &quot;70% of wines sold at less than 8 euros&quot; for Géant Casino, which still leaves champagne, sparkling wines, natural sweet wines and great statistics to make the most beautiful bride. </p>
<p> As every year, wine fairs begin very early, in late August for more agile, on 7 or 8 September for the most part. Only Leclerc, who launched the concept of wine fairs in 1973, is a follower of late start, Sept. 22 to be exact.The brand leader in wine fair opportunity to test some innovations, such as screw caps on five wines, the BIB (Bag-in-box three liters), which is a first, and also five certified organic wines . </p>
<p> While diversification efforts are important, the great Bordeaux are the main attraction of wine fairs <a href="http://payday-nofax.com">no fax payday loan</a><!-- . -->. William Halley, both the owner of Chateau La Dauphine Fronsac and Carrefour Market Caudéran near Bordeaux, one of the finest wineries in France, says, &quot;The Bordeaux 2008 offer one of the best value for money for a long time 2007 and many are sold at cost. &quot; </p>
<p> Faced with the incredible rise of Bordeaux 2009, which are also far from being sold, prices are particularly attractive large 2008.Many signs, such as Auchan, offer superb raw classified thirty euros, it is important not to miss. It is even great Sauternes 2007, a vintage largely up to the 2009, which have often increased by over 50%. The wine fairs in 2010 are an opportunity, perhaps the ultimate, to populate their cellar with vintage Bordeaux, which will delight the table during the next twenty years. </p>
<p> Faced with the constraint &quot;large quantities and good prices, which greatly limits the choice, supermarkets gradually loosened the shackles limiting the famous&quot; national offers &quot;implied wines available at all stores, in favor of a regional offer more and more complete. This strategy has a double advantage.It allows one hand to distribute wines available in smaller quantities, limiting them to certain areas, thereby loosening the constraints of volume. </p>
<p> The regional supply also has the effect of flattering the customer by offering a wider range of wines from his region. Admittedly, this offer violates the basic rule of retailing is to offer the same products in all stores. But given the relative lack of large units for sale at the periphery in favor of the stores downtown, wine fairs beyond any logic. Moreover, contrary to all predictions of doom, wine fairs are worn as a charm. </p>
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		<title>Eutelsat &quot;at the heart of the image revolution&quot;</title>
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		<pubDate>Sat, 31 Jul 2010 18:53:44 +0000</pubDate>
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		<description><![CDATA[ LE FIGARO. &#8211; Eutelsat crossed the billion euros. This growth will she continue? 
 Michel de Rosen. &#8211; It is indeed a record year with growth of sales from 11.3% to 1.04 billion euros and growth of the gross operating surplus of the same order to 828 million. But do not performance overinterpretation those [...]]]></description>
			<content:encoded><![CDATA[<p> LE FIGARO. &#8211; Eutelsat crossed the billion euros. This growth will she continue? </p>
<p> Michel de Rosen. &#8211; It is indeed a record year with growth of sales from 11.3% to 1.04 billion euros and growth of the gross operating surplus of the same order to 828 million. But do not performance overinterpretation those that involve non-recurring items: we have benefited from the full effect of five new satellites launched in 2008 and 2009. For Eutelsat, this is excellent, our ambitions are clear and our strong future. We operate in a business long term, so we&#39;re marathon runners rather than sprinters. Since the IPO in 2005, our turnover grew by an average of 7% per year and we have always kept our commitments.We announce now forecasts annual growth above 7% over the next three years, with a turnover of 1.12 billion over the year begins. The dividend that we offer up 15% to 0.76 euros. </p>
<p> Do you have visibility of 3 years? </p>
<p></p>
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		<title>Albert Frere gates CMA CGM</title>
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		<pubDate>Tue, 27 Jul 2010 09:20:04 +0000</pubDate>
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		<description><![CDATA[ New twist in the drama of the French ship Financial. As stated Wansquare, Saade family, owner of CMA CGM, has initiated discussions with the Belgian billionaire through its capital increase required by the creditors of the group. These negotiations were still preliminary notified to the Commercial Court of Marseille. Brother Albert is not alone. [...]]]></description>
			<content:encoded><![CDATA[<p> New twist in the drama of the French ship Financial. As stated Wansquare, Saade family, owner of CMA CGM, has initiated discussions with the Belgian billionaire through its capital increase required by the creditors of the group. These negotiations were still preliminary notified to the Commercial Court of Marseille. Brother Albert is not alone. He would lead the discussions in partnership with another French investor. </p>
<p> In this tandem plus the Strategic Investment Fund (ISF) has always said he would participate in this capital increase valued at approximately $ 750 million. Qatar Holdings, which in turn has made an offer earlier this month, would not be totally ruled out by Saade. </p>
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		<title>GDF Suez success share plan</title>
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		<pubDate>Thu, 22 Jul 2010 01:44:08 +0000</pubDate>
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		<description><![CDATA[ This is one of the largest employee share plans in recent years. GDF Suez, which offered about 200,000 employees worldwide to receive shares of the group, welcomed the success of the operation. Nearly one third of employees (over 67,000) have said &#34;yes&#34;, for a total of 25 million shares and 535 million euros. Exceeding [...]]]></description>
			<content:encoded><![CDATA[<p> This is one of the largest employee share plans in recent years. GDF Suez, which offered about 200,000 employees worldwide to receive shares of the group, welcomed the success of the operation. Nearly one third of employees (over 67,000) have said &quot;yes&quot;, for a total of 25 million shares and 535 million euros. Exceeding the ceiling set by the board (almost 500 million). &quot;Few groups are engaged in transactions of this magnitude,&quot; said Sami Toutounji, partner at Shearman &amp; Sterling, except for example, recently EDF, which has far exceeded this amount, or Axa who approach regularly. </p>
<p> The staff of GDF Suez will thus receive 1.1% stake in Arcelor. Turnout was highest in France, Belgium, Italy and Germany.Outside Europe, Brazil, Chile, Argentina and the United States recorded the most sales <a href="http://payday-badcredit.com">Payday Loan for Bad Credit</a><!-- . -->. </p>
<p> The employees of GDF Suez could buy shares at a discount of 20% over the past 20 trading days. Is 19.78 euros per share. The firm abounded these subscriptions, offering titles such as 10 to 10 purchased, subscribed for 50 or 20. Employees could also prefer to invest with no discount, but with a guarantee on invested capital (and insurance to recover at least their implementation) and performance-indexed monthly changes in stock price. Both formulas have been as successful as the other one. </p>
<p> &quot;ALSO READ: </p>
<p> &quot;Employee ownership resists rather well to the crisis </p>
<p> &quot;GDF Suez preparing a bid for International Power </p>
<p> &quot;GDF renegotiate the price of gas </p>
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		<title>Alcoa profitable again</title>
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		<pubDate>Wed, 14 Jul 2010 19:12:04 +0000</pubDate>
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		<description><![CDATA[ As usual, Alcoa starts the ball results in the United States. And the least we can say is that it starts well. For the second quarter, the U.S. producer Alcoa aluminum in the green came back in the second quarter, with net income of $ 136 million, against a loss of $ 454 million [...]]]></description>
			<content:encoded><![CDATA[<p> As usual, Alcoa starts the ball results in the United States. And the least we can say is that it starts well. For the second quarter, the U.S. producer Alcoa aluminum in the green came back in the second quarter, with net income of $ 136 million, against a loss of $ 454 million a year earlier, and praised the &quot;prospects excellent. </p>
<p> The turnover reached 5.187 billion dollars, well above the 5.02 billion forecast underlying the market. </p>
<p> Consumption of aluminum prospects up </p>
<p> &quot;The growth of our revenues and our earnings due to higher volumes of end markets and gains from our productivity program,&quot; said CEO Klaus Kleinfeld said in a statement issued after-hours trade .He added: &quot;The outlook for Alcoa and the aluminum are excellent. </p>
<p> The group also said it had received during the period April to June, in addition to higher volumes and productivity improvements, favorable currency effects and a reduction of energy costs, which more than offset a slight reduction in selling prices. </p>
<p> &quot;Given this improvement in final demand, we are raising our projection of consumption of aluminum 10 to 12% this year&quot; in the world, &quot;he concluded. </p>
<p> At the New York Stock Exchange, Alcoa has lost the action Monday at the close 0.64% to 10.87 dollars in a market up 0.18%. </p>
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		<title>Bernard Arnault is the richest man in France</title>
		<link>http://lamarshbaptistchurch.com/bernard-arnault-is-the-richest-man-in-france/</link>
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		<pubDate>Thu, 08 Jul 2010 01:20:17 +0000</pubDate>
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		<description><![CDATA[ Bernard Arnault regain its leadership among the rich. After having given way in 2008 to boss Gerard Mulliez Auchan, the boss of LVMH prances again tops the ranking of richest people in France, published Wednesday by the weekly magazine Challenges. 
 Arnault&#39;s fortune amounted to 22.7 billion euros, against 19 billion for Mulliez. Among [...]]]></description>
			<content:encoded><![CDATA[<p> Bernard Arnault regain its leadership among the rich. After having given way in 2008 to boss Gerard Mulliez Auchan, the boss of LVMH prances again tops the ranking of richest people in France, published Wednesday by the weekly magazine Challenges. </p>
<p> Arnault&#39;s fortune amounted to 22.7 billion euros, against 19 billion for Mulliez. Among the top three also included Liliane Bettencourt, whose name is now mentioned more as the protagonist of a politico-financial series and its maintenance in the third-largest fortunes in France. </p>
<p> &quot;2010, the year of the crisis for the rich&quot; </p>
<p> Despite the context of crisis, the profits of the rich have increased compared to 2008 <a href="http://us-paydayloans.com">payday loan lenders</a><!-- . -->.According to the study, the total capital assets of the 500 largest French professionals has increased by 25% in one year, from 194 to 241 billion euros. That figure remains below the record level of 2007 (280 billion euros). The weight of the 500 largest fortunes in the French economy has also declined from 17% of gross domestic product (GDP) three years ago to 12.4% today. </p>
<p> Several indicators suggest that 2010 will be &quot;the year of the crisis&quot; for the rich, notes the weekly. In one year, the title LVMH has indeed jumped 40%, like that of L&#39;Oreal. </p>
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		<title>Bouygues will renovate the Velodrome stadium in Marseille</title>
		<link>http://lamarshbaptistchurch.com/bouygues-will-renovate-the-velodrome-stadium-in-marseille/</link>
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		<pubDate>Tue, 22 Jun 2010 09:04:18 +0000</pubDate>
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		<guid isPermaLink="false">http://lamarshbaptistchurch.com/bouygues-will-renovate-the-velodrome-stadium-in-marseille/</guid>
		<description><![CDATA[ It is ultimately the Bouygues group has been selected for the renovation, expansion and coverage of the forums Velodrome stadium in Marseille, which hosted several matches of the Euro Cup in 2016. Jean-Claude Gaudin, senator, mayor of Marseille, was announced yesterday with the presidents of the urban community of Marseille, the General Council and [...]]]></description>
			<content:encoded><![CDATA[<p> It is ultimately the Bouygues group has been selected for the renovation, expansion and coverage of the forums Velodrome stadium in Marseille, which hosted several matches of the Euro Cup in 2016. Jean-Claude Gaudin, senator, mayor of Marseille, was announced yesterday with the presidents of the urban community of Marseille, the General Council and the region that will participate in financing this project. </p>
<p> So far we spoke of a shipyard between 120 million and 160 million euros, the project selected is $ 273 million. It is however more expensive than the one presented by Vinci, Bouygues competitor in this competition.Jean-Claude Gaudin is a &quot;new Velodrome stadium for next fifty years&quot; which will be built! </p>
<p> The Velodrome, the second stage of France in terms of capacity, will reach its tonnage from 57,000 to 67,000 seats and all the galleries will be covered. This coverage, which had not been made during the previous renovation of the stadium in 1998 for the World Cup, was claimed a hue and cry by the fans. </p>
<p> Municipal Stadium will </p>
<p> During the period of construction, scheduled to begin in summer 2011 for completion in summer 2014, the stadium will remain usable even if it could accommodate only 42,000 spectators, that is to say, the number of subscribers Olympique de Marseille. </p>
<p> Funding for the transaction will come to 50% by the City, the Metropolitan Regional Council and the General Council.The other half will be funded through a public-private partnership (PPP) of thirty-five years. A &quot;naming&quot; is planned for obvious reasons of profitability, even if Jean-Claude Gaudin does not fail to promise that the city will stage he would continue to be a public service and carrying the name Velodrome. Without doubt the trade name it is there next to it. </p>
<p> In addition, the sale by the City the right to build a hotel, shops, a museum of the OM will ensure 30 million financial returns. </p>
<p> The choice announced Monday must still pass the course the city council vote on July 12. In this context, Bouygues did not comment yesterday. </p>
<p> ALSO READ: </p>
<p> &quot;Bouygues publishes annual results better than expected </p>
<p> »Euro 2016: Sarkozy&quot; honored, &quot;Zidane&quot; happy &quot; </p>
<p> &quot;The Euro 2016 for France! </p>
<p> &quot;A list without surprises </p>
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		<title>Strong rebound on Asian stock</title>
		<link>http://lamarshbaptistchurch.com/strong-rebound-on-asian-stock/</link>
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		<pubDate>Mon, 21 Jun 2010 06:04:32 +0000</pubDate>
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		<description><![CDATA[ In Asia, stock exchanges like the message of the Central Bank of China, who said she was &#34;determined to continue the reform of the mechanism of the exchange rate of the renminbi (yuan&#39;s other name) to enhance flexibility . An advertisement for a symbolic opening week of the G20 summit in Toronto, so that [...]]]></description>
			<content:encoded><![CDATA[<p> In Asia, stock exchanges like the message of the Central Bank of China, who said she was &quot;determined to continue the reform of the mechanism of the exchange rate of the renminbi (yuan&#39;s other name) to enhance flexibility . An advertisement for a symbolic opening week of the G20 summit in Toronto, so that international pressure was becoming increasingly urgent.Now, the road to separation of the link between the Chinese currency and the dollar began. </p>
<p> The People&#39;s Bank of China warned however that the adjustments would not do at once. </p>
<p> According to Wang Tao, an economist at UBS, &quot;it is possible to arrive quickly enough to an appreciation (the yuan) 3 or 4% in the coming weeks.&quot; Mark Williams of Capital Economics expects more modest gains: of about 2% vis-à-vis the dollar by the end of the year. </p>
<p> A rising yuan would also give China greater purchasing power, which would be positive for world trade and especially for commodity exporters such as Australia, Brazil, Canada and New Zealand. China is the second largest oil consumer behind the United States.The country is also the largest consumer of iron ore, copper and aluminum. </p>
<p> The currency movement </p>
<p> By Monday morning, the Australian dollar has gained one cent to $ 0.88. He then returned to 0.8765 dollar when China has set its reference rate for the yuan. </p>
<p> The three-month copper on the London Metal Exchange gained 2.33% to 6,585 dollars per tonne. </p>
<p> A barrel of oil gained 1.35% to 78.22 dollars per barrel of light crude Texan. </p>
<p> Green Scholarships </p>
<p> In trading, the index rose on average by 3%, according to the S &amp; P Asia 50 Index, which comprises the largest market capitalizations in the region <a href="http://payday-loans-nofax.com">no faxing payday loans</a><!-- . -->. </p>
<p> In China, the Shanghai Stock Exchange recorded an increase of over 2% on Monday morning. In Hong Kong, the Hang Seng wins 2.6% to 20,806 points.&quot;The airlines, real estate or in metals are the most direct beneficiary of yuan appreciation,&quot; said Shen Jun, an analyst at Bank of China International. </p>
<p> In Japan, the Nikkei 225 wins 2.07% to 10,201 points by 6:45, while the Topix rose 1.87% to 901 points. </p>
<p> In Australia, the rise of the S &amp; P/1SX 200 reached 1.22%, 4607 points. </p>
<p> China and Australia: EUR 7 billion contract </p>
<p> Australia and China on Monday signed several contracts worth 10 billion Australian dollars (7.1 billion €) after discussions between Prime Minister Kevin Rudd and Chinese Vice President Xi Jinping visits in the country.</p>
<p> The ten agreements, mainly in the field of mineral resources and energy, reflecting strong and growing cooperation between Canberra and its largest trading partner, largest consumer of mineral resources in Australia, Mr Rudd said in a statement. </p>
<p> Xi Jinping arrived here Saturday to Australia for a five-day visit during which the project should be tackled controversial Canberra tax on super profits of mining groups. </p>
<p> Beijing fears that the tax drives up the prices of raw materials which China is a big buyer. </p>
<p> ALSO READ: </p>
<p> A new tax will impact on Australian steel prices </p>
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