Posted by admin | Under events, features, publications, special, technology
Wednesday Jun 29, 2011
The gas is in talks to take over the assets of the U.S. company Duke Energy in Latin America, according to the Brazilian business newspaper Valor Economico.
Areva. The nuclear group should ally with the Spanish Iberdrola Renewables on two of the five areas of the tender for offshore wind launched by the state, according to Les Echos.
Ipsos. The British advertising group Aegis said to be in exclusive talks with the institute of studies and surveys for the sale of its subsidiary Synovate market research cheapest personal loan rates.
Havas. In an interview with Echo, the executive director of the group will develop two commercial microarray in the world, one around his BETC teaches French and the other around Arnold, a Boston-based agency
After the close of trading, EuropaCorp will release its results for the year 2010-2011.
Posted by admin | Under business, economic, money, publications, technology
Monday Jun 20, 2011
The fear of bankruptcy Greek has never been stronger. Sunday, finance ministers of the euro area have again met in Luxembourg to lay the foundations for a new rescue plan, this time involving the private sector.
To address the most urgent, priority was first to validate the fifth installment of the loan of 110 billion made last year in the first aid plan. "We will work to pave the way for the release" of this slice of 12 billion, assured the German Minister Wolfgang Schäuble on arrival. Otherwise Athens, facing deadlines refinancing risk bankruptcy next month. However, the decision could be taken only Monday, after the meeting, warned the President of the Eurogroup, Jean-Claude Juncker.It is also linked to the IMF agreement, which should provide about a quarter of the promised amount and conditioned his release date for further progress in economic reforms in Greece. But ministers were mostly working on a new rescue plan, with "at least an agreement in principle", according to one diplomatic source. The amount could approach that of the first packet. If the principle is an act, the terms of this extension will however be referred to the next meeting of finance ministers, scheduled July 11. The big question concerns the involvement of banks."We'll talk tonight about the involvement of private creditors, the question is how far it can and must go," summed up Jean-Claude Juncker.
"We play with fire"
Friday in Berlin, Nicolas Sarkozy and Angela Merkel had outlined the mechanism, with four main principles: voluntary participation of private creditors, approval of the ECB, nor a "credit event" and rapid implementation. But Wolfgang Schäuble Sunday as Chancellor reiterated that the participation of private creditors should be substantial. Germany prefers the idea of longer maturities on debt, where Paris defends the option of "rollover" that would see creditors renew their credit lines in Athens at the maturity of loans.For Europeans, the most important thing is to convince investors that it is not part of a payment default.
"We play with fire," warned Saturday the President of the Eurogroup. Bankruptcy of Greece "may be contagious for Portugal and Ireland and, before Spain, to Belgium and Italy, given their heavy debt." And in this game of dominoes, the Belgian Finance Minister Didier Reynders, did not rule out that France is also reached, "when you see the level of deficit and debt." The financial world has been rocked in 2008 by the collapse of Lehman Brothers, he said in an interview with The Tribune."Do not repeat this type of bankruptcy."
After the reshuffle of his government, Prime Minister, George Papandreou, has, meanwhile, claimed Sunday the confidence of Parliament in order to get its austerity plan in late June, and thus obtain the release of the new international aid. A vote is expected Tuesday night.
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Posted by admin | Under economics, economy, news, people, top news
Wednesday May 11, 2011
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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"The ISF reformed yield over 2 billion
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Posted by admin | Under Uncategorized, business, economic, life, top news
Thursday Apr 7, 2011
A plea for the European social dialogue. The French ministers Laurent Wauquiez (European Affairs) and Xavier Bertrand (Labour and Employment) will send "within 10 days" a letter to Laszlo Andor, European Commissioner for Social Affairs, requesting "that the social partners be fully involved in defining the Union's priorities in the economic and social. " With a copy to Michel Barnier, his counterpart at Market and former French Minister of Agriculture.
"The social partners must be consulted further upstream on the records, under the European semester," explains Laurent Wauquiez, who met Tuesday evening at the Quai d'Orsay representatives of unions and employers' organizations to explain its position ."We have to defend common interests at European level of public services and quality jobs, investment in infrastructure …," he says.
The original of this letter together with Xavier Bertrand, Le Figaro has procured the revolt of European trade unions and employers after the adoption on March 25 by the Heads of State of the Union "pact for euro. According to them, this project developed without consultation "institutionalizes the recommendations concerning them directly. As wage restraint, control of public spending or delaying the age of retirement."The procedures of consultation with social partners would benefit from being retooled, and concede the French ministers in their letter.
Themes targeted
Of the four trails of association "informally" to the study, the Commission may for example interact with the European social partners before making public its communication on the annual review of growth by integrating "their observations and grids analysis to its proposals. " Brussels could still work with them to "a common vision and priorities for structural reforms of the labor market to implement, by targeting a small number of thematic priorities. As "portability of pension rights from one country to another," offers Laurent Wauquiez.
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Posted by admin | Under Uncategorized, events, news, opinions, people
Sunday Apr 3, 2011
Renault could have done this possible controversy. But a few weeks after pleading guilty to wrongfully dismissed three executives accused of espionage and one year after the turmoil created by the case of the Clio – it planned to relocate to Turkey – the manufacturer must again be accountable.
The group decided to entrust the production of two new engines to its sites in Romania and Spain, he said Friday. The H4 (3 cylinders) and H5 (4 cylinders) are respectively made from 2013 on the site Dacia Pitesti, specialist low cost, and Valladolid (2012). The announcement had been made in these two countries, but Renault had kept the trumpet in France.
This decision could affect the French mechanics Douvrin in the North.The plant, owned jointly by PSA Peugeot Citroen and Renault, the engine produces D4, a less powerful 4-cylinder (60 to 80 horses, 90 horses cons for the H4 and H5 for 115 horsepower). The motor assembly D4 employs 450 people, about 3450. The downturn could cost more than 200 jobs, said the CGT. These positions will not be replaced by the manufacture of cylinder heads and camshafts for the new engines, which could employ 40 people, said the union.
In response, the group has indicated its commitment not to make any plans for layoffs or voluntary redundancy as part of its new strategic plan. But unions fear that retirement will not be replaced.
Lower volumes
"It relocates slowly, even if management tries to minimize," sighs Alain Labarre, CGT Douvrin.The group, however, rejects these accusations. "The H4 and H5 are required to take the place of older models that were almost similar already made in Turkey, Spain and Romania," said a spokesman, adding that such engines "are not competitors D4 Douvrin made. This engine, fitted to small cars like the Twingo and the Clio (as will the H4) and low-cost models, will be "produced in parallel in the coming years," because "it can offer rates aggressive. "
In late January, Philippe De Coene, director of the French mechanics, however, said that the arrival of a small 3-cylinder would "intervene in the market" of 4-cylinder engine manufactured in Douai, as mentioned by Liberation. He said the volume of the D4 engine "will tend to decline," even if "we will not stop producing it in 2013 and he did not" concern "for the job.He added that he "fought to get another engine family."
In 2010, Renault has made 29% of its engines in France, against 85% for PSA. Renault says it will carry, however 40% of its investment in France by 2013. Engine side, the group said it will produce R9M, a 130 horsepower diesel for the Megane to Cleon, Seine-Maritime. A factory will also manufacture electric motors in 2013.
While the new European standards will make diesel engines more expensive gasoline engines of new generation have a bright future ahead of them. H4 and H5 models, which will reduce CO2 emissions by 30 to 40 grams per kilometer, would represent 85% of the volume of gasoline engines for Renault in 2015.
Posted by admin | Under economics, economy, online, resources, special
Saturday Mar 12, 2011
One of the longest battles of the French trade was completed Friday. The Court of Appeal of Versailles has given reason for 17 miners laid off in the fall of 1948, providing 30,000 euros to the plaintiffs.
At the end of the war, the government had undertaken a reform of the statutes and was back on certain benefits to minors. Mines Colliery in France, the strike, including the right is already enshrined in the preamble of the Constitution of 1946 begins.
The conflict, particularly hard, degenerating every day cash advance no faxing. So much so that after two months, the Socialist Interior Minister Jules Moch sends riot police to end the insurgency. Nearly 3,000 juveniles are subsequently dismissed for striking.
These miners will lose not only their jobs but also their home. Banned from coal, they will meet many difficulties in finding a job.The lawyers argued the constitutionality of the right to strike and eventually won. 17 miners or their families have been successful and were able to savor their victory, 62 years after the fact.
Posted by admin | Under Uncategorized, economic, life, online, special
Monday Jan 10, 2011
Click on the thumbnail to enlarge the graphic.
This is a crucial visit to the French presidency of the G20. Nicolas Sarkozy will confront this Monday at the White House, his proposed "new international monetary order," with Barack Obama, without whose approval nothing will happen. The two presidents will discuss for an hour of detailed program of the G20, before a luncheon devoted to foreign policy issues.
The economic result of the interview where he discussed the role of the dollar, the volatility of commodity prices and a tax to finance development, infuse the roadmap of the Elysee for the G8 and G20, to be presented by the President on January 24 in Paris.
Although it has sweetened its way, Nicolas Sarkozy has not abandoned the idea, launched two years ago, a "new Bretton Woods."The taunts of the Anglo-Saxon led him to change his expression to adopt the more sober 'new international monetary order. " But the target set by the very restricted circle of the president is just as bold.
For the Elysee, he is bringing order into the "current monetary mess," characterized by excessive volatility in exchange rates and capital inflows to emerging disruptive that multiply unilateral initiatives to curb the appreciation of their currencies.
The present monetary disorder is due, according to Paris, the decline of "King Dollar", faces growing competition from other currencies, the yen, the euro, the yuan soon, a trend that has increased since the end Bretton Woods in 1971."China has emerged stronger from the crisis, we must adapt the new world monetary order to the new economic order," says one as president cash till payday. "We want to encourage the development of other international currencies, including the yuan," insists the president's entourage.
"Our currency, your problem!"
A very sensitive issue for Washington. "This is not to diminish the role of the dollar," Does it invokes in Paris. "The dollar is a major currency, and we hope it continues to play a major role, but the relative strengths of currencies will change, which will cause increasing tensions, which the G20 should meet," said the entourage President, anxious not to turn the Americans.
To ease the "transition to a more diversified monetary terms," the French presidency of the G20 suggests strengthening the IMF's role in liquidity crises, strengthen coordination of economic policies and adopt a framework for response to sudden movements of capital. "Given the current monetary mess we have intuitions, we will compare to those of Americans," said the Elysee, which claims to have the support of Germany, China, Brazil and India.
On the merits, however, France regrets a reality difficult to reverse: the dollar, global currency, remains controlled by the Federal Reserve, without real regard for the rest of the world. "Our currency, your problem!" Had dropped John Connelly, Nixon's Treasury Secretary, when it announced the end of the dollar's convertibility into gold, August 15, 1971.To the chagrin of France who tries unsuccessfully to address this reality for forty years.
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Posted by admin | Under economic, economics, economy, special, world
Saturday Jan 8, 2011
Like the Tokyo Stock Exchange, the CAC 40 remains cautious on Friday morning, before the publication of monthly U.S. employment. Economists polled by Reuters expect 175,000 new jobs outside the agricultural sector for the month of December. In the aftermath, the Federal Reserve chairman, Ben Bernanke, must speak before the Senate Budget Committee.
After a slight decline, the CAC 40 is returned to the green on Friday, gaining 0.21% to 3912.46 points.
On Thursday, the CAC 40 has canceled its gain of over 1% at mid-session, after the weekly claims for unemployment benefits rose in the United States.
U.S. employment and unemployment, European unemployment and GDP
On the macroeconomic front, after a miserly start of the week in news, the meeting will be hosted by a number of indicators.
In France, the trade deficit rose in November to 3.869 billion euros against 3.712 billion the previous month.
Are also expected index of construction costs and commercial rents in the third quarter (12 hours), and economic forecasting at INSEE for France in the first quarter 2011 (at 16 hours).
In the eurozone, the unemployment figures for November will be released at 11:00 and the third estimate of GDP for the third quarter (11:00).
United States, in addition to unemployment figures and employment for the month of December (1430), the consumer credit will be announced in 20 hours.
On the currency markets, the euro remains below $ 1.30 at exactly 1.2986 (-0.13%).
Record deliveries for Airbus
Renault: 1.37% to 47.46 euros
In the case of industrial espionage affects Renault, the automaker suspect a Chinese actor, according to information from Figaro economy.
GDF Suez: +0.40% to 27.62 euros
A spokesman for GDF Suez confirmed to AFP Thursday an information website of the magazine Challenges, that the group will abandon stock options.The device should be replaced by performance-related bonus shares in the group.
EADS: 0.16% to 19.11 euros
Airbus (EADS) achieved record shipments in 2010: more than 500 aircraft delivered to airlines Boeing 462 to cons saving account pay day loan.
Sanofi-Aventis: -0.10% to 50.23 euros
Sanofi-Aventis has announced the appointment, effective February 1, new leaders in emerging markets where the pharmaceutical company wants to strengthen. Patrick Aghanian will be responsible for the Eurasia region, Thomas Kelly of Asia, Heraldo Marchezini of Latin America and Jeremy Moulding of Japan and Pacific area.
Casino-Guichard: 0.05% to 72.93 euros
Casino Guichard now holds 99.6% shareholding in its subsidiary e-commerce Cdiscount.
Schneider Electric: 0.74% to 115.15 euros
Schneider Electric has signed an agreement to acquire majority shares of APW President Systems Limited, an Indian manufacturer of enclosures for the telecom and information technology.
Saint-Gobain 0.58% to 38.40 euros
The Dutch competition authority said it had fined 17.7 million dollars to several companies, accused of having formed a cartel in the glass, among which is the local subsidiary of Saint-Gobain.
Bourbon: -0.01% to 35.61 euros
Bourbon announced Thursday its decision to separate the roles of Chairman of the Board and Director General from 1 January 2011.Jacques de Chateauvieux therefore yield the reins of the operation to Christian Lefevre.
Axa: -0.19% to 13.47 euros
Axa Private Equity, the private equity subsidiary of Axa, is in exclusive talks with Bain Capital to acquire the French chemicals group Novacap according Agefi.
Dexia: -0.30% to 2.69 euros
Dexia has initiated the process of selling Deniz Emeklilik, its life insurance subsidiary in Turkey, according to Les Echos.
Arcelor Mittal: -2.44% to 27.59 euros
ArcelorMittal called Thursday evening to shareholders of Canadian Baffinland Iron Mines to accept its offer of 550 million Canadian dollars, considering it superior to that of Iron Ore Nunavut.
Thales: 0.57% to 26.66 euros
Canada has expressed a "strong interest" for the purchase of two vessels Mistral class manufacturer of DCNS, Thales which holds 25%, according to La Tribune.
Posted by admin | Under events, life, news, resources, special
Friday Dec 10, 2010
Blocking ports and refineries in October was felt in industrial production. Monthly production of the manufacturing industry decreased by 0.8%, according to the INSEE index released Friday morning. The last three months, production remains in the green, with an increase of 0.6%.
The refining industry has plagued the index. She saw his production drop of 56 unsecured personal loans.5%, "due to social movements for the month of October," notes the INSEE. The indicator also shows a decline in chemistry (-3%), textiles and clothing (-2.2%) among others. In contrast, pharmaceutical advances (+1.3%), as well as in computer and electronic products (+1.6%). Please note, car production rose sharply, by 4.2%.
Posted by admin | Under international, life, news, publications, technology
Friday Dec 3, 2010
The new Box Evolution of SFR, stronger and greener, starts with a bang. Launched Nov. 16, she won 35,000 customers in just two weeks. The group thus takes the lead, while Free is also soon launch its new box, and arrive on the mobile market in 2012.
"The feedback on the various forums and the lifts are excellent customer service, SFR is really writing a new chapter in its history, said Olivier du Besset, marketing director at fixed SFR.
Any white Neufbox Evolution has a size reduced by 40% and reduced consumption by 30%.It is sold with a new decoder, which offers a completely redesigned interface for navigating on the TV, hard drive and a remote radio omnidirectional.
The offer "Neufbox Evolution" is distributed to 34.90 euros per month for ADSL and 39.90 for the fiber optic (high speed). For those who are already customers for mobile SFR, Neufbox Evolution receives a discount of 5 euros each month. The offer "triple play" currently at 29.90 euros for its part continues to exist, the President of SFR, Frank Esser, wishing that "two parallel lines."
SFR, which is leading the race for several quarters for the conquest of internet subscribers, claims 91,000 new customers in the third quarter, and "intends to continue to occupy a market share exceeding 30%," according to its commercial director consumer group, Frank Cadoret.