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It's like income a year and a half ago. At the time, Renault intends to build its Clio IV in Turkey and not on the site Flins in the Yvelines. The government had to intervene and finally get the direction the car is partly built in France.

Will history repeat itself with PSA that intends to close its factory in Aulnay-sous-Bois (Seine-Saint-Denis) and Sevelnord (North). Except that unlike Renault's 30% owned by the state, the manufacturer, a lion is a 100% private. The scope of government is much smaller.

"These companies are accountable to the nation"

The State is taking this matter very seriously.If the Minister of Industry, Eric Besson, who met Thursday evening PSA CEO, Philippe Varin, said he was "reassured" by the commitments made by the carmaker, Prime Minister Francois Fillon, the move to guérande (Loire-Atlantique), did not hesitate to call the toll paid by the state to help a struggling sector during the economic crisis. At the time, PSA and Renault had received three billion euros each. "Given the large amount of aid made to the French car industry by the government, I would not and would not understand that these companies are not beholden to the nation that has helped low interest personal loan." The Prime Minister will also have the opportunity to discuss this news with Philippe Varin on Saturday, as both men find themselves in the 24 Hours of Le Mans.

The Socialist Party (PS) is however not reassured."I do not have much confidence in his statements (Philippe Varin), says the spokesman of the Socialist Party, Benoît Hamon. Because we see a real transhumance migration of automotive production facilities and their equipment from the west to the east of Europe. " For its part, the Socialist mayor of Aulnay-sous-Bois, Gerard Segura, is confident that "until 2016, when production of the C3 should end in this factory. The industrial director of PSA, Denis Martin, had said Thursday that "industrial, it is absolutely impossible to give a guarantee on a sustainable medium and long terms. We have visibility into our roadmap to a year or 18 months. It is an absolute maximum, "he concludes. No doubt the state will seek to convince SAP to reconsider its plans.

The tax reform of heritage, to remove the tax shield and develop the solidarity tax on wealth (ISF), was discussed Wednesday by the Cabinet. The bill marks the final disappearance of the tax shield, yet highly symbolic as the beginning of the quinquennium of Nicolas Sarkozy, who eventually disappeared under the pressure of repeated criticism from the opposition but also of the majority.

In contrast, the solidarity tax on wealth (ISF) remains in place, but in a lighter version. The reform will indeed allow some 300,000 taxpayers whose assets ranged between 800,000 and 1.3 million euros, to escape this tax.

The government relies on a passage of the bill no later than early July.The text will be submitted to the National Assembly in early June and will be accelerated procedure, which allows only one reading per room. The reform will apply from 1 January 2012.

The tax cap took effect on 1 January 2007. It was capped at the time the taxes (income tax, wealth tax and local taxes) at 60% of revenues. After the arrival of Nicolas Sarkozy at the Elysee, the threshold was lowered to 50%.

(With AFP)

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Gilles Carrez vote by the end of the tax shield "no regrets"

"The tax cap has cost 591 million euros in 2010

"The ISF reformed yield over 2 billion

"Battle for the final installment of income tax

The reform of the ISF should apply to tax payable this year. This will help to 300,000 households with assets of between 800,000 and 1.3 million euros to escape the levy. Yet, June 15, usual time of payment of the ISF, the reform will not yet adopted by Parliament. To make the system applicable this year, the authorities have planned to postpone the date to September 15, 2011.

This vagueness will not push the subject to the first installment of the ISF to consider the tax exemption before being fixed and especially worried about the foundations of public benefit, which collect large donations through this channel. "The situation, its suddenness and its uncertainty, is frankly disturbing," says Francis Charhon, president of the French Center Foundation, which fears a fall collection.For assets exceeding EUR 1.3 million, donations to charities are tax-exemption form yet the most interesting, with a deduction of 75% and a ceiling remained at 50 000 payday advance. To simplify and personalize the process, the Fondation de France has even created a website to choose the project to be funded.

Funds that invest in unlisted companies, the FIP and the FCIC, provides, them, an ISF reduction of 18,000 euros maximum (50% of the amount invested in unlisted). Reform or not, they should still be successful. "Last year, they were competed by holding companies. However, they have virtually disappeared, "said Christian Foil, president of Finaréa. Like other managers FIP and FCIC, the company recently launched funds that will alleviate the ISF 2011 … in June or September.

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Take action publicly traded group neither too small nor too large, but rather the media. Shake it skillfully through several transactions not too discreet. Let the rumor thrive … When the market this action starts to boil, enjoy.

This technique of "tea" – a form of manipulation, of course – may well be that the action was lively Euro Disney in recent weeks. In February, the stock suddenly more than doubled to more than 9 euros, in trading volumes amazing (up to 4 low fee cash advance.5% stake in one sitting). He still traded around 7.70 euros today.

The Autorité des marchés financiers (AMF) is conducting its investigation for several months. But according to our information, a track is preferred.That of a small company of algorithmic trading, based abroad, including the AMF has already crossed the name several times in similar surveys. The AMF is no comment.

"There is no concern for supplies." The CEO of Total, Christophe de Margerie, before an audience of patrons of the oil and gas gathered Tuesday in Houston for the conference Cera Week, has hammered its reassuring message. "Saudi has the capacity to address the lack of Libyan production," added the French boss.

While across the Atlantic where gasoline exceeds the psychological threshold of four dollars a gallon in several states, the votes are increasing for the Obama administration draws strategic stocks. Christophe de Margerie replies: "These stocks are made for real shortages. Using them would send a signal to markets of fear. "

Invited to give a broad picture of the oil interests for years to come, the CEO who shows the greatest benefit of the CAC 40, with 10.2 billion euros, was less confident for the medium term."We can worry about our ability to increase production" of oil to meet rising demand, driven by emerging countries. However, investment in exploration and production suffers from the uncertainty room basically said de Margerie. And "the situation in the Maghreb does not make things easier, others" Libya "can occur."

Total up on Russia and Brazil remains cautious

Total particularly focuses on the Russian far north to secure its supply as evidenced by the recent acquisition of 12% of Russian producer Novatek independent for 4 billion. However, Total is not ready for the moment to invest heavily in another region of the world reserves underwater very promising: Brazil. The Brazilian Petrobras does not sufficiently profitable, said de Margerie."Petrobras is understandable if the returns are not as good as U.S. Treasuries that it is not worth going there."

More unexpected from a pattern of "Big Oil" as it means the world of big oil companies, Christophe de Margerie has a clear call to "reduce demand" for oil. Which can come only in developed countries, "a better use of energy." A logical conclusion because in a world of growing uncertainties, Christophe de Margerie said it was hard to bring the world oil production, currently at 86-87 million barrels per day in excess of 95 million barrels per day.

Life insurance is not a matter of responsible adults. Young people and kids can also have one. Some grandparents have indeed chosen to open for them contracts to give them a financial boost. To help your grandchildren during your lifetime, to acquire a house for example, you can purchase a contract (called intergenerational), designed to facilitate donations.

Its principle is simple: you give money to your grandchild (up to € 31,395 every six years), with the obligation to reinvest in a life insurance contract. Here, and it's a big difference, the policyholder is other than your grand-son (daughter), even if minor. His parents then take care of all formalities.

To secure your donation, you can write, preferably with the help of a notary public, "Deputy pact" which will include a specified date of availability of savings (at 18 years of your grandchild, at the end of high school, etc..) and / or use of funds (for a house purchase for example). This method has the advantage of being "visible", so to avoid conflicts at the time of succession. And it can also take time "tax" because when the contract will be eight years, he will receive reduced taxation.

Another solution: make your beneficiaries

Purchase a single contract for the benefit her grandchildren is the easiest way to show generosity. You save at your pace and have at any time of your savings. You also know that capital is available on your contract will be forwarded without fees, outside succession (art.L 132-13 of the Insurance Code, available on the website governmental law publishing Legifrance. This applies if the amount does not exceed 152,500 Euro per beneficiary (for payments after 70 years, the deduction is limited to 30,500 euros per beneficiary). But, and this is the main problem with this formula, you are not comfortable when the money will be used, because the savings will be passed to your death.

Be careful also not to injure your heirs (children, etc..) So that the premiums are not considered excessive and reinstated, therefore, in your estate.

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The news has surprised market observers, and on Wednesday morning. In the race to succeed the French Jean-Claude Trichet, president of the European Central Bank, the favorite would have thrown in the towel. Germany's Axel Weber, head of the German Central Bank, the Bundesbank, would in effect told a meeting in a closed circle that he was not interested in another term, Reuters reported, and German media .

"Weber's candidacy to head the ECB is no longer on the agenda," said one source at the news agency. The Wall Street Journal, meanwhile, said that Weber said "he would not seek re-election necessarily at the head of the Bundesbank." His interlocutors have deduced that it would withdraw from the race for the presidency of the ECB.The Heads of State and Government should appoint a successor to Jean-Claude Trichet late March in Brussels.

The news of the withdrawal of Axel Weber has dropped sharply, but temporarily, the euro by late morning. The confusion was increased by the contradictory statements of the Bundesbank (Buba). She initially told a news about his boss, then retracted and deny the rumors. According to Reuters citing sources inside the Buba, Axel Weber did not consider it necessary to issue a final statement. It would, however, met with German Chancellor Angela Merkel on Wednesday morning. No information was available about the contents of the call.

A hawkish media

Axel Weber is one of the "hawks" on more media on the Board of Governors of the guardian of the euro.His outspokenness and his vocal opposition to the redemption of government bonds by the ECB reduced its chances of winning, insulation increasingly faced with more moderate colleagues about the conduct of the institution's policy .

The abandonment of Weber in the race for the presidency of Jean-Claude Trichet opens the way for challengers. Foremost among these is the Italian Mario Draghi. However, his visit to the much-criticized Goldman Sachs could be hampering its chances of winning. Personalities from smaller countries in the euro zone also would return to the front of the stage as the Finn Erkki Liikanen or Yves Mersch of Luxembourg. But perhaps another German, Klaus Regling, current president of the European financial stability, which could ultimately prevail, according to analysts at Barlcays Capital.

In lla closing U.S. equities, the Dow Jones advance of 0.58% at 12,162 points. The Standard & Poor's 500 and Nasdaq 100 rise respectively from 0.62% to 1319 points and 0.53% at 2784 points.

Nasdaq acknowledged Saturday that its computer system was hacked, which had interrupted his particular listing more than an hour Friday, January 28. But the index, dominated by technology, should work normally on Monday. A federal investigation is underway to identify those responsible for such intrusions. Part of the system that runs the exchange was not affected by piracy.

Wall Street continues its momentum and finally positive last week. Four times lower than expected for the month of January, job creation were disappointed last Friday, the U.S., but investors reacted positively to the sharp decline in unemployment.Also in the acquisitions, the manufacturer of biomedical testing equipment for Beckman Coulter (9.95% to 82.65 dollars) on Monday announced an agreement to be bought by the industry group American Danaher (2.19 to 49% , 03 dollars), with $ 6.8 billion in cash, including debt.

Household spending and consumer credit

"In the U.S., key economic data this week will be published Friday-state in that regard analysts Aurel BGC-with the trade balance for December and the preliminary estimate of consumer confidence by the University Michigan paydayloans. Wednesday, Bernanke will speak before the House Budget Committee.On the merits, his speech should be close to one he gave last week. "

62 Publication of results of companies in the S & P 500

The agenda of business publications, to the least busy this week, should have more impact on the market: 62 values in the Standard & Poor's 500 indeed reveal their quarterly results. Already since the beginning of the season's fourth quarter, 75% of companies beat the consensus in terms of turnover.

Carried by the prices of raw materials, metals and petroleum experts have closed up. The Alcoa aluminum companies is 1.05%, Chevron and Exxon earns 0.57% 0.78% advance.

Hasbro also climbed from 1.81% to 45.63 dollars after reporting a quarterly profit decline due to limited demand for its fighter figurines, games and puzzles during the key holiday season year-end.

From Monday, Cognizant, FMC, Hasbro, Loews, Lorillard and Pioneer Natural Resources will open, among other things, this ball weekly.

By Tuesday, Walt Disney, Mc Afee, Sara Lee and sacrifice in the exercise, before Akamai Technologies, Cisco, Coca Cola and Whole Foods on Wednesday. By Thursday, it was the turn of C ephalon, Goodyear Tire & Rubber Co., Kraft Foods, PepsiCo or Sprint Nextel (Thursday).

U.S. equity markets continued their forward march. On Wednesday, the Dow Jones closing at 0.72% up to 11,755 points in early trade. For its part, the Nasdaq gained 0.76% to 2737 points while the S & P advance of 0.90% to 1286 points. Tuesday, Wall Street was also closed in the green. This is the highest level recorded by the New York Stock Exchange since August 2008.

On the foreign exchange market, the euro goes up the slope against the dollar. He crossed the $ 1.30 increase in the dollar to 1.3131 at the close of U.S. markets.

On the macroeconomic front, investors were waiting in New York specifically to the conclusions of the Fed's Beige Book. These were more optimistic than previous ones.The Fed remains cautious on employment and real estate, notes, however, signs of renewed growth since late 2010.

Moreover, the positive outcome of the bond of Portugal, which has already drawn up European markets, helped to maintain the indices in green throughout the session. "For once, Europe has led us in the right direction, which had not happened lately," noted Volokhine Gregori, of Meeschaert New York."Everybody gets carried away by seeing the news from Europe are good", also confirmed Mace Blicksilver of Marblehead Asset Management.

"The upward trend started earlier this year and stopped by concerns for issues of debt in Europe, took over, supported by the publication of the Beige Book," observed Volokhine Gregori.

Also on the macroeconomic front, import prices showed a net gain in a year in the United States in December, due to the continuation of soaring energy prices. According to figures released Wednesday by the Ministry of Labour, they rose 1.1% while economists had forecast a rise of 1.2%.

Finally, the budget deficit fell in December to $ 80 billion, or 12% lower than December 2009, monthly figures show the Treasury on public accounts.The decline is consistent with the median forecast of analysts.

Chevron profits up to

The side of values, after award, the American oil company Chevron (+0.69% to 92.46 dollars) has indicated that it expected higher profits in the fourth quarter of 2010 than in the third, thanks to higher crude oil prices and an assignment. Chevron reported net earnings of $ 3.8 billion for the third quarter 2010 quarter ended Sept. 30, down 1.6% year on year, reflecting a negative currency impact.

Also in the oil sector, the National Commission to investigate the causes of the explosion of the oil rig Deepwater Horizon in the Gulf of Mexico in April 2010 urged the creation of an independent agency responsible for security offshore operations.The Commission report provides a roadmap for Congress to initiate multi-sector reforms. It will be presented to committee in the House and Senate from 26 January.

For its part, the banking sector has responded positively to the latest report from the American Bankers Association (ABA), which suggests that the default rates on consumer loans rose slightly in the third quarter. Sector values are in the green image of JP Morgan earns 2.57%, Morgan Stanley is 2.68% and Goldman Sachs ahead of 1.30%.

The automotive sector also remains in the spotlight, while the show continues manufacturers in Detroit.The new boss of General Motors (-0.39% to 38.60 dollars) Dan Akerson announced that his group plans to produce this year about 25,000 Chevrolet Volt, its new hybrid vehicle electric motor.

AIG is selling its subsidiary in Taiwan

In the insurance industry, AIG (-1.12% to 58.38 dollars) said it had received an offer from Ruentex group for the redemption of its insurance business in Taiwan (Nan Shan Life Insurance) for $ 2 , $ 15 billion.

The CEO of Sanofi-Aventis said he did not know how far he would go in its discussions on the purchase of Genzyme. For its part, the U.S. Biotechnology company Genzyme (stable at 72.34 dollars) ruled that discussions with Sanofi-Aventis had made progress, but that they remained technical in nature. Genzyme has revised downward its outlook for 2011.

In the coming days, the dance of results continues on Wall Street. Among the heavyweights of the coast, Intel will announce its results tomorrow, and JP Morgan Chase Friday.

He was being investigated after the massive Ponzi scheme mounted by his father, but was never charged. But Mark Madoff, 46, killed himself Saturday in his Manhattan apartment two years to the day after the arrest of his father, he was a close associate. The information was confirmed by his lawyer, who spoke of the "constant pressure, false accusations and insinuations" that he was the victim since the scandal broke.

The body was discovered by the stepfather of Stephanie, the wife of Mark Madoff. On vacation in Florida, it had received a mail from her husband in which he said he loved and that someone would come and take care of their son Nicholas, who remained with him in New York.Mark Madoff hanged himself with a dog leash, while the child slept in the next room.

Very hit by scandal

Relatives said the son of Bernard Madoff lived very poorly growing media coverage he was subject to approach the second anniversary of the arrest of the swindler. "It was increasingly weakened" psychologically, reported the New York Times one of them, on condition of anonymity. Mark Madoff also struggled to find a stable job, "said another person.

The week before the tragedy, Mark Madoff appeared with other leaders and managers of the fund Madoff in a lawsuit brought by the liquidator of the structure, representing victims of the disaster. It was the second time he was so summoned.The liquidator of the fund, Irving Picard, accused Mark Madoff, who bore some confidence to his father and other family members have benefited from gains from financial manipulations of his father. But a judicial source said it was not intended that Mark or his brother Andrew Madoff be arrested soon.

Two of the swindler son had recognized the authorities have been informed by their father for his actions the day before his arrest December 11, 2008. They have however said they were unaware of his illegal activities before that.

Bernard Madoff, 72, was sentenced in 2009 to 150 years in prison for a scam, estimated at between twenty and more than 65 billion dollars, as one account with or without interest.The ploy was to Madoff promise huge returns that do not generate and use funds for new clients to pay or repay existing customers, collapsed when the financial crisis worsened two years ago. More and more clients sought to recover their funds and the former manager found himself cornered.

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