International & World Report

Asian stock markets resumed colors, except Tokyo. After being closed due to "Marine Day", the Japanese stock market should be the only Asian to be closed down on Tuesday. Around 6:40, the Nikkei, penalized by a yen flirting with a higher reaches seven weeks ago, lost 0.54% to 9357.91 points, with investors disappointed by recent publications by other companies in the U.S. .

In contrast, financial markets have taken over other areas of color: the Stock Exchange of Hong Kong gained 1.41% to 20,374.45 points, the Shanghai Stock Exchange ahead of 1.45% to 2631.88 points, the Taiwan Stock Exchange rose 0.87% to 7716.20 points, the Sydney Stock Exchange climbed 1.28% to 4414.10 points.

The increases are limited to Singapore, where The Straits Times Index posted a gain of 0.17% to 2950.45 points. In India, the Bombay Stock Exchange grants itself an increase of 0.36%.Finally, the South Korea Stock Exchange gained 0.35% to 3636.64 points.

Japan: export values penalized

Asian stocks benefit and speculation about a possible tightening of controls against China's housing loans freecreditscore. According to the Shanghai Securities News, the country wants to ensure that financial institutions will meet in the second half of the restrictions on home loans.

On the face values, the values penalizes strong yen Japanese exporters like Sony, which lost 2.57% to 2342 yen or Toyota was down 1.75% to 3080 yen.Conversely, companies such as CNOOC and China Resources Land rose 3.56%, respectively 16.26 Hong Kong dollars and 2.42% to 12.66 Hong Kong dollars.

Crude prices were higher on Tuesday in electronic trading in Asia in the wake of a modest increase registered the previous day in New York, dealers said.

In morning trading, a barrel of light sweet crude for August delivery took 24 cents to 76.78 dollars a barrel, while Brent North Sea crude for September delivery took 29 cents to 75.91 dollars .

A person can access the Internet for life insurance rates or can directly communicate with companies that offer appropriate policies.

1.1 million people are now receiving personalized Autonomy Allowance (APA). This figure gives an idea of the number of elderly dependents currently in France, knowing that all or most currently receive this state aid. To facilitate this transition to an often grueling medical management, the Hospital Federation of France (FHF) was launched in early July, a site whose purpose is to brush this rocky road administration and finance.

"We made the observation that there was no comprehensive information on the care of dependent persons, the diagnosis of dependence on the choice of suitable retirement home," says one hospital to the Federation France.To fill this gap has been launched in early July retraite.fr-houses (not to be confused with home-from-retraite.fr), which includes a multitude of basic information for relatives: a guide for assessing the frail elderly, the coordinates of organizations to contact, a directory of nursing homes classified by criteria, advice for making the administrative processes and be supported financially … Useful information if we know that the average cost of investing in retirement homes reached € 2,200 per month in 2009, according to a barometer carried out by TNS Sofres. A sum that 76% of French people declared so they can not afford.

Qualitative criteria

The directory of retirement homes also facilitates the search for a facility nearby, through a system of records updated regularly paydayloans. Each sheet contains qualitative information on the nursing home concerned. In addition to practical information (address, price) are shown including the number of patients per carer – as a guide, only a ratio of 0.6 health workers per resident is regarded as representing a framework of quality – the degree of dependency supported, comfort criteria, the presence or absence of a psychiatrist or a therapist ….It is even possible to select only those institutions that have spaces available immediately.

Two caveats, however: the book contains only the first public nursing homes, which currently represent 60% of French institutions, among the most medicalised. Then there is still no official criteria for certifying the quality of a retirement home, and who would perform in the rankings. "These indicators are being developed," says Hospital Federation of France. An urgent given the increasing numbers of elderly and dependent. While more than 75 years represent 8.8% of the population today, that proportion should rise to 15% in 2015.

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The bank fraud rebounding. The fraud rate for all types of payment cards has reached 0.072% in 2009, amounting to 342.4 million euros, according to the annual report of the Observatory for Payment Card Security released Tuesday. In 2008, the rate was 0.069%, corresponding to an amount of 320.2 million euros. The fraud has overtaken its 2004 level (0.070%), after having stabilized between 2005 (0.064%) and 2007 (0.062%).

This increase masks "divergent trends," says the report by the Centre, presented by Christian Noyer, governor of the Bank of France. On the one hand, fraud on national payments made to retail outlets and automata remains on a downward slope. It reached a low in 2009, ie a rate of 0.014% for a $ 41 million.

Conversely, fraud is still gaining ground on front of remote payments (internet, telephone or mail). For domestic payments, the amount of fraudulent transactions has risen from 67.2 million euros in 2008 to 82.2 million euros in 2009. An increase that does not include payments made from abroad. If the amount of fraud registered for French maps in international traders remained high (60.5 million euros) last year, he registered a slight decline.

At a time when networks compete in international fraud imagination, the Observatory for Payment Card Security said in its report that "the majority of the holders consider the card as a secure means of payment.The organization, which advocates the establishment of strong authentication solutions to verify, whenever possible and appropriate, the payment is made by the legitimate holder of the card, "has conducted a qualitatlive investigation to determine the acceptance of such devices by consumers.

Online payments still inspire confidence

And the verdict of the study is final, according to the Observatory. While "significant concerns remain regarding online payments, particularly on foreign sites, users of payment cards of all types" show a clear preference for strong authentication solutions. " These include for example the use of a single use code obtained by various means (card reader, sending an SMS from the bank, etc.).

These findings appear to be timely.The construction of strong authentication is indeed well advanced. "The implementation by banks of these solutions with their carriers is now being phased in accordance with the recommendations of the Bank of France," says Monitor's report.

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The U.S. economy has begun to destroy jobs, after five months of net creation. In June, the number of job losses in the U.S. totaled 125,000 jobs including in the public, according to figures from the Labor Department. The figure was pulled down by the public sector, the end of the census causing the departure of 225,000 temporary workers hired for the occasion.

More importantly, the private sector alone has created 83,000 jobs. Is much better than the 33,000 net new jobs in the month of May However, analysts expected a figure close to 112,000.

This increase is due to "modest increases in various industries." The leisure industry in particular has created 28,000 jobs before the summer. Business services hired 21,000 people. Note, the industry continued to create jobs (9,000).The construction sector has meanwhile also destroys jobs (22,000), hit by a decline in new construction.

Despite the destruction of jobs, the unemployment rate, calculated on a different basis, for its part fell 9.7% in May to 9.5% in June The Labor Department said the decline by reducing the workforce and the growing number of discouraged workers who no longer work.

While Wall Street and European markets suffered heavy losses Thursday, stock markets in the Asia-Pacific have taken the path down this Friday, a day after sitting flat.

Around 6.45 am, the Nikkei 225 abandoned nearly 2% to 9731 points, rapidly away from the 10,000 points mark. Consumer prices in Japan excluding perishables, fell 1.2% year on year in May, the fifteenth consecutive monthly decline, said Friday the Ministry of Home Affairs. Excluding not only nutrition, but also energy, consumer prices appear down 1.6% over one year.

Elsewhere, the mood is gloomy, with Hang Seng (Hong Kong Stock Exchange) that descends from 0.65% to 20,599 points, the S & P / ASX Australian yields 1.4% to 4417 points, and Straits of Singapore who drops more tentatively 0.1% to 2844 points.In India, the Bombay SE 30 was down 0.73% at 17,600 points.

The yuan continues to rise

In China, Shanghai fold from 0.69% at 20,590 points. On the eve of the G20 Toronto, Chinese President Hu Jintao called on Thursday for a fresh start and a strengthening of relations between China and Canada, despite some disputes.

The Central Bank of China has also set an exchange rate of yuan against the dollar lower on Friday, which means that the yuan appreciates.The institute has decided on a central parity of 6.7896 yuan against the dollar, 0.3% higher than the 6.8100 yuan to the dollar yesterday.

In its statement, the central bank said it wanted to keep the yuan "basically stable", a term required to show its willingness to avoid any sudden movement of the currency.

The oil also

Crude prices were up Friday in electronic trading in Asia, investors wanting to believe in some indicators better than expected in the United States despite doubts about the U.S. economy. The barrel is 76.65 dollars.

Thursday, across the Atlantic, new jobless claims in the U.S. fell for the first time in three weeks, more than expected, but the new orders for durable goods fell for the first time in six months in May from particular down by purchases in the aviation sector.

From our correspondent in London

With 155 billion pounds (186 billion euros) and 11% of GDP this year, the UK deficit is the highest in the G20. In response to this near disaster on young British finance minister George Osborne, this Tuesday, on the occasion of his "emergency budget" the austerity plan the hardest since the Second World War. Cuts so severe that many economists are concerned about its negative effect on growth.

The austerity is announced in the British house-to-false vis-à-vis Barack Obama, who wrote the G20 leaders to ask them to continue to support the recovery."Countries have different approaches, and in some countries like ours, there is a need to tackle the deficit and reduce it more quickly," argued on Monday, a spokesman for Downing Street 10.

To divide by four the structural deficit by 2014-2015, the government of David Cameron must find at least 88 billion pounds (106 billion euros), reducing government expenditure but also by increasing taxes . This effort far exceeds the level of 80 billion euros announced by Berlin and promises to be the largest of the major European countries.The savings could reach 34 billion pounds (41 billion euros) in the first year, equivalent to 2.4% of GDP.

Since taking office Prime Minister, David Cameron, communicate each week on budget cuts, "whose impact will last for years, perhaps decades, that will win the country to avoid being in a situation similar to that of Greece. The Treasury is fear of being penalized by the rating agencies and losing its AAA rating, which would explode the cost of refinancing the country.

Taxes on capital gains

If George Osborne is expected to announce Tuesday the total austerity plan, details of the cuts by department will not be released until this fall. Rumors point to a decline of 25% of expenditure in the budget of Defense. But tax increases will be unavoidable, experts say.The new fees will concentrate on the richest. Under pressure from its partners the Liberal Democrats, George Osborne should also increase the tax on capital gains for individuals, 18% to 40% or even 50%, while the tax rate to 50% highest income is not questioned. "The VAT is expected to increase by 17.5% to 20%, moving closer to the European average, which would yield 12 billion pounds per year (14 billion euros)," said Brian Hilliard, economist at Societe Generale.

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The signing took place in presence of Nicolas Sarkozy and Russian President Dmitry Medvedev. Saturday in St. Petersburg, Russian promoter Hermitage is committed by a Memorandum of Understanding with the EPAD to build by early 2016 two towers of 91 floors of a new kind of defense. Today, the skyscraper highest in the business district tu 220 m The twin towers designed by architect Norman Foster-star will climb to 323 m, "a meter below the Eiffel Tower to avoid offending local sensitivities," says Emin Iskenderov, CEO of Hermitage. Importantly, this will be the first high-rise (high rise buildings) mixed in France combining housing, offices and shops.With the key equipment in unprecedented tours: a theater of 1,300 seats, a contemporary art gallery, a five star hotel, restaurants, swimming pools, a student residence …

As for the apartments have a spectacular view of Paris, they will be positioned in the niche market of luxury with a price of 12,000 euros per square meter. A challenge for Defence is not today a prestigious address for individuals and Parisians are not rushing to live in towers.

Introduced in March 2009, the Hermitage Plaza project has also met with some suspicion among the French real estate professionals. First, because this promoter Russia has never built a tower in France. Then because it is a huge operation to two billion euros.

Buildings slated for demolition

But since then, Hermitage has provided some safeguards.Including funding. "We have already invested $ 150 million, Emin Iskenderov details. And in all, we will bring 250 to 280 million euros in equity. Furthermore, we are in advanced discussions with a pool of European banks to grant us a credit line of 700 million. And the marketing of our area we will bring the remaining one billion euros. "According to our information, Hermitage is also negotiating with the Four Seasons hotel group to host one of its locations in the towers. On the marketing of 540 apartments, Emin Iskenderov was also very confident: "I have already received 3,200 letters of prospects who want to buy from us."

Another thorny issue: the relocation of 250 families who lived in the buildings slated for demolition to build the towers Plaza. For now, Hermitage has found a solution for 235 to 250.That leaves five families to relocate in the year. A task is not insurmountable. But there is still a few steps before this project happen. In late July, demand for building permits will be filed. It should be granted in early 2011. And work should start right away. With delivery scheduled for late 2015-early 2016.

Very bad trading day Wednesday for the title again BP. In London, the stock fell 4.24% to 391.55 pence. On Wall Street, the same day, the stock has tumbled 15% to just 29 plsu dollars.Pour many observers, the cost of the oil spill in the Gulf of Mexico is likely to jeopardize the very existence BP. "The action suffers now fears the very future of BP. It is no longer just a noise reduction of the dividend. Now it's survivability in question, "said Jon Najarian, founder of the news website optionMonster.com.

At the London Stock Exchange, the fears were mostly related to the fact that BP would eventually suspend payment of its dividend. "We are resigned to the fact that there may be a suspension of the dividend," said Tony Shepard, an analyst at Charles Stanley, quoted by Reuters.

Last Friday, however, BP has reaffirmed its intention to announce to its shareholders on July 27 the amount of its interim dividend by way of the second quarter. Dividends paid by the group representing some 10.5 billion dollars (8.7 billion euros) per year.

Yet another bad news for the oil group that is not due to his inability to pay, but the fact that the U.S. authorities there are not favorable. "It does me no problem that BP complies with its legal obligations (to its shareholders, Ed), but I want them to know they have a moral and legal obligations here in the Gulf, warned Tuesday Barack Obama.

The U.S. authorities have also sent an ultimatum to compel them to BP by unveiling its plans to 72 hours to stop the leak.

"BP must state its plans for its parallel initiatives ongoing and alternative oil recovery, including establishing a timetable within 72 hours after receipt of this letter," says the letter from the admiral-cons Coastguard James Watson chief operating officer of BP, Doug Suttles, and dated Tuesday.

With the installation of a funnel, BP has accelerated since last week the recovery of oil leaking from the wells to 1,500 meters below the surface of the water for more than seven weeks. But the water continues to move towards the U.S. coast and crude oil continues to flow.

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The Paris Bourse is in the green: After opening up shy of 0.3% to 3567.99 points, the CAC 40 is accelerating its progress towards 9.30, with an increase of 0.67% to 3581.17 points. After Thursday's rebound, which has won 40 of auCAC 1.59%, investors want to continue in the green, ignoring the pause in Asian markets this morning, one that has also been chosen by U.S. operators yesterday. The Dow Jones, which had won 2.25% Wednesday, finished the balance 0.06% Thursday.

The wait should also dominate this session before the release of highly anticipated monthly report on U.S. employment, which will be published early this afternoon. Yesterday, the markets have had a foretaste of what awaited the publication of a fall, slightly above expectations ds, the weekly number of new unemployed (453,000).The firm ADP, meanwhile, announced that the private sector was announced in May its fourth consecutive month of net job creation (55 000). Despite these figures, the head of the U.S. Federal Reserve (Fed), Ben Bernanke, said he still worried about the employment situation overseas. An hour after the publication of the report, the Fed chairman Atlanta, Dennis Lockhart will speak on the economic outlook and the banking environment.

Note that the second estimate of euro area GDP in the first quarter will be unveiled in the morning.

Rumors about Valeo title propels upward

Valeo recorded the largest increase in the Parisian market, gaining 6.93%.The automotive supplier would consider a delisting, the sale of a business or a merger with U.S. rival, says the New York Times this morning, noting that Bank of America – Merrill Lynch has been appointed to investigate these scenarios.

In an interview with Les Echos published Thursday, Industry Minister Christian Estrosi, spoke in favor of a rapprochement between the players of the electronics and embedded software as those of Thales. The title ahead of 0.69%.

CGG Veritas allows itself 1.49% after the Strategic Investment Fund (ISF) is mounted in its capital to the tune of just over 170 million euros, or 6% of capital. Other oil stocks also posted good gains. Thus, Total (1.59%), Technip (1.73%) and Vallourec (1.54%) appear among the highest increases in the Cac 40.

Leading the index are this morning Alcatel-Lucent (2.34%) and ST Microelectronics (2.06%).Both tracks benefit from a higher perspective of microprocessor sales by Gartner.

France Telecom (1.53%) announced Thursday it had abandoned its proposed merger with its Swiss subsidiary Sunrise, a subsidiary of TDC, but did not specify its intentions for other building projects in the country.

Airbus is Boeing's double

Airbus, a subsidiary of EADS (0.61%), registered 73 net orders from January to May, but still lagging behind U.S. rival Boeing, which has registered 111, according to the trade balance of the two aircraft manufacturers.

BPCE, parent company of Natixis (1.27%), formalizing the merger Thursday holdings of shares of Banques Populaires and Caisses d'Epargne.

BNP Paribas (0.39%), which Fortis bought at the height of the financial crisis, announced Thursday an agreement in principle to merge its Turkish subsidiary with that of the Belgian bank.

Axa gained 0.72%.National Australia Bank has found three candidates may be interested in acquiring a platform investment Axa Asia-Pacific by Australian newspaper on Friday.

Atos Origin (+0.88%) have submitted a bid for the resumption of WorldPay, a subsidiary of Royal Bank of Scotland, according to sources familiar with the matter.

Saint-Gobain (0.39%) has a bearing on the title of recommendation by HSBC, which goes from "underweighted" to "neutral." Jean-Louis Beffa, the chairman of Saint Gobain, has formalized his departure at the annual general meeting Thursday.His successor, Pierre-Andre de Chalendar confirmed its objective of a rebound results in 2010 and said to expect solid growth in operating income in the first half, compared to the same period last year.

Air France-KLM (0.71%) is considering an annual loss of 300 million euros this year, burdened by the cost of its fuel hedges, reported The Tribune.

Sanofi-Aventis (+0.32%) has signed an exclusive worldwide agreement in the treatment of cancer with U.S. biotech company Ascenta, the company said Friday.

The French market for private pools should start rising this year after two years of decline due to economic crisis, said Thursday the Federation of Professionals in the Pool (FPP).

"Despite a very cold winter, the market is rising again and the number of private pools sold in 2010, as turnover is expected to increase by 10% to 15% compared to last year, has said Jacques Braun, director of the PPF, at a press conference. For Mr.Braun "the pool market, linked to the curve of household confidence, is structurally supported by the carrier for leisure culture and the willingness of households to improve their real estate."

Doubling in 10 years

The market downturn, thanks to a sunny summer of 2009, took place in the third quarter of last year (plus 7% sales pools) before leaving in the fourth quarter (plus 38%) after starting very dull year (26.5% less in the first quarter, less than 8.5% in the second) No payday advance teletrek.In 2009, turnover has decreased by 10%, however, to one billion euros, against 1.1 billion in 2008 and 1.4 billion in 2007.

The number of private swimming pools more than doubled in 10 years, from 708,000 in 2000 to 1,465,840 in late 2009 (including 559,000 above ground) at the point of making France the second largest market behind the United States. Aware of the challenges of sustainable development, the PPF is currently developing a software that can calculate carbon dioxide equivalents (CO2) from the operation of pools, depending on different parameters of size or equipment. Thus the operation of a pool of eight yards on four represents an average of 200 kilos of CO2 per year, or no more than a round-trip Paris-Lyon by car, according to calculations by the PPF.