International & World Report

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.

Saved from financial turmoil by Vladimir Putin, the Russian oligarchs, now rebuilt, is invited by the prime minister and strongman of the country to participate in the effort to boost national economy.

The latest example, Viktor Vekselberg, thirteenth fortunes of Russia as the magazine Finans (6.2 billion euros in 2010), has been entrusted by the Kremlin to oversee the creation, in the vicinity of Moscow, d 'a Silicon Valley in the Russian. This project is intended to "modernize" the country, allowing it to reduce its addiction to oil and gas. And here's what mogul materials, like Rich's colleagues, converted into information technology.

The name of his friend, Roman Abramovich, the third national fortune and owner of Chelsea, is also cited for leading a Sports Council.According to business daily "Vedomosti", he would be assisted in his task by the chairman of Gazprom, Alexei Miller and his counterpart Russian Railways, Vladimir Yakunin, a close ally of Vladimir Putin.

In view of the Winter Games in Sochi 2014 Sport is built in another national cause. To transform the resort on the Black Sea, backed by the Caucasus Mountains, Showcasing mountaineering, the oligarchs have started to invest part of their fortune in the construction of hotels and ski resorts.Roads, rail link, sports, everything is built.

Quest for new money to invest

In addition to public companies Gazprom and Sberbank, are present the world's leading aluminum Rusal, Oleg Deripaska (10.4 billion euros), and his colleague from Interros, Vladimir Potanin (7.4 billion euros) , a fan of skiing.

In search of money to invest in Sochi and the Caucasus, the government even thinks to "repatriate" in Russian billionaires past events such as Telman Ismailov, party building palaces in Turkey, or Mikhail Gutseriyev, whose oil company Russneft had been transferred, under pressure, a close Putin No teletrack payday loans.

What the Russian oligarchs finance the development of their country is quite natural in the eyes of the Prime Minister.In the wake of the dissolution of the USSR, they have made a fortune putting his hand on assets sold off by power, or later, putting themselves in the wake of Putin.

During the last financial crisis, the state mobilized its resources and budget for banking rescuing oligarchs, hoping that they will owe him for his gesture. Recently, the prime minister threatened to punish financially Vladimir Potanin and Mikhail Prokhorov to have under-invested in energy production, even though they had "purchased assets for kopecks.

In respect of the first clan of oligarchs, "Putin behaves like a loving father, while scolding the children," says Tatiana Stanova?a, expert at the Center for Political Technologies. Gazprom is lowered, custom power, to build a ski resort may seem to defy the laws of modern management.And sometimes leads Russian billionaires to drag their feet, especially when the investment seems risky. But so far none of them have refused to run.

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The mobilization will she go in this Tuesday, two days in a large loss of the right in regional elections? Six unions (CFDT, CGT, FOR, FSU, UNSA, Solidaires) called on employees of public and private to a national day of action aimed at influencing government policy on political and social. At midday, the department estimated 21% share of the striking teachers, estimated at 40% for the SNES-FSU, while 11.45% of the postal employees would have mobilized in the direction. At the station, the strike rate was estimated at 28% by management, and 32% by the CGT. At RATP, it s'l?verait to 14% depending on the direction, the CGT-RATP not yet have figures to communicate. 180 rallies are also planned throughout France.

If it comes shortly after the regional elections, the appointment union had however taken immediately after the Social Summit in February, meeting at the initiative of the Head of State to discuss, among other things, the upcoming construction of the reform pensions. Two main points today crystallize opposition from unions, following a government reshuffle.

• Pensions: major point of contention between the unions and the government, the pension reform was launched at the Social Summit in February. While the dialogue should begin early April, several union leaders have spoken about this on Tuesday, sending a warning to the government. The CFDT leader Francois Ch?r?que has called for a reform that reduces inequality."Of course we must evolve our pension system, but it does not evolve towards greater social justice, this is again a loss of confidence in politics." Therefore, it could "be the sport at a social level," he warns. Jean-Claude Mailly, secretary general of FP, for his part reiterated on Tuesday his commitment to the LCI retirement at age 60, holding "absurd" the solution of longer working hours to alleviate the funding problems induced by the lengthening of life expectancy guaranteed unsecured personal loan . "If we follow this logic, women live longer should work longer," he argued.As for Bernard Thibault, leader of the CGT, he believes "we can not impose reform on accounting criteria exclusively, also challenging the objectivity of the Advisory Committee of pensions. "This appointment will be very difficult to carry," he predicted. "Do not fall into the trap of the government, which means that we spoke only of pensions," however, warned this morning Fran?ois Ch?r?que on France 2.

• Employment: while the unemployment rate back above the 10% in the fourth quarter of 2009, the CFDT called for taking further steps to assist employees affected by the crisis. Pleading for an appeal to partial unemployment, training rather than dismissal, the leader of the CFDT has also called for financial support purchasing power and resources center for sustainable employment.The employees "have the feeling that we no longer speak of their real situation since September. An impression they would have in his Sunday expressed through the ballot box. The government must now "give strong signals, and change of method," he said. A view shared by the leader of the CGT, Bernard Thibault, who on Tuesday urged the convening of a new social summit at the Elysee. The meeting, a time desired by the head of state says he would aim to "take stock of the situation regarding employment, economic and social policy and purchasing power for practical decisions for implementing fast.

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The automotive supplier Plastic Omnium published on Thursday its results for the year 2009. Its sales, down 8.8%, reaching 2.459 billion euros. Its operating margin was 102.1 million euros (+44.4%) or 4.2% of turnover, against 2.6% a year earlier. The company has managed to make a profit of 31 million euros against a loss of 63.2 million in 2008. The Board of Directors will propose a dividend of 0.70 ? per share.

The group said that 2009 was a year of very mixed in terms of activity, particularly in the automobile.The decrease in turnover of 8.8% in 2009 masks a decline in activity earlier this year (-19% in the first half of 2009) and a recovery later this year.

In 2010, further development in emerging countries

This year, Plastic Omnium will continue its expansion in China with two new plants, and India with the entry into production of a third plant in partnership with Suzuki-Maruti Payday Loan for Bad Credit !!!?? ?!!!???!!!.

Regarding activity in early 2010, it is comparable to the end of 2009 with production volumes supported by various bonuses bet breaks up in Europe and growth in emerging countries.

The group hopes to achieve in the first half 2010 operating margin similar to that of the second half of 2009.For the full year, it expects a slight growth in turnover.

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Torn between U.S. economic indicators mixed, the CAC 40 have seen red, to stabilize at 3927.40 points, down very low, from 0.04% in trading volume expanded slightly to 3.287 billion euros.

After having opened in equilibrium, yet he dressed in green in the middle of the session, rising 0.71% to 3956 points after the publication of figures for retail sales in the United States in February. They rose 0.3% last month, while economists had expected a decline of 0.2%, due to heavy snowfall which hit the northeastern United States in recent weeks.

But in the afternoon, a decline in the index of U.S. consumer confidence in March, calculated by the University of Michigan, was disappointed and weighed on the coast, pushing the CAC 40 in red.It is the second monthly decline in the flagship index of the Bourse de Paris.

A disappointment even greater than the market, reassured by the current finalization of a possible European aid to Greece, waited impatiently the first statistically significant week for orientation. They failed to settle with the caution that has forced the CAC 40 to move all week, within narrow margins, between 3910 and 3940 points.

Values well geared motor

"We have believed, at first, that the markets greeted the indicator of retail sales in February, although it was not extraordinary, and they would go higher, but they were quickly packed said Vincent Guenzi, strategist at Cholet Dupont. Meanwhile, indicators have been revised downward in January, including retail sales, which has thrown markets."Wall Street is finally not rise sufficiently to European markets.

Elsewhere in Europe, the London Stock Exchange closed up, the FTSE-100 gained 0.15% to 5625.65 points. The Dax index of featured the Frankfurt Stock Exchange also gained 0.28% to 5945.11 points.A New York, the Dow gained just before the closure of European markets, 0.15% but the Nasdaq conceded 0.02 %.

In Paris, car values remained well oriented: Renault gained 1.89% to 33.90 euros and Peugeot 1.41% to 21.89 euros.

The title EDF yielded 1.11% to 37.86 euros, penalized by the cancellation of a contract with the United States. Lagard?re has resumed (0.49% to 26.52 euros), following the sharp drop the previous day (over 7%), caused by the announcement of gloomy outlook for 2010. Carrefour has suffered a decline in the recommendation and Credit Suisse lost 3.03% to 35.86 euros.Total yielded 0.53% to 42.70 euros.The SGC Group had indicated yesterday that it would not resume a possible strike in support of employees of the refinery at Dunkirk (North) before the trial of an action by the central works council (CEC) against its closure.

After several years of strong increases, rents have remained stable in 2009, according to the Center Clamor. "For the first time since the creation of this observatory in 1998, even since the crisis of the early 1990s as rents stagnate," says Michel Mouillart at the University of Paris-X and the host database Clamor (Know the rents and market analysis on urban and rural), fueled by 25 managers of rental parks. Last year, rents for new leases were symbolically rose 0.1% on average compared to 2008. This quasi-stagnation contrasts with the increases of recent years (2% in 2007, +1.5% in 2008). The comparison is even more significant with the average annual increase between 1998 and 2010: + 3% on average. But rising unemployment and falling purchasing power of households slowed."The mobility of households has been greatly reduced. It is the lowest since 1998, "said Observatory best payday advance .

Increase in the average city

This trend continues into early this year. However, like last year, the same time, rents of those who relocate rose 0.6% on average. But new phenomenon, most major cities have their rents reduced while those of medium-sized cities or resist progress. Major declines, there are Neuilly sur Seine (-6.4%), Nancy (-4.5%), Grenoble (-3.5%), Strasbourg (-3.1%), Rennes (-2, 5%), Metz (-1.4%), Bordeaux (-1.2%), Lille (-1.1%), Nantes (-1.0%), Marseille and Toulouse (-0.6%) and even Paris (-0.8%). The most significant increases occur in Clermont-Ferrand and Versailles (5.9%), Courbevoie (Hauts-de-Seine, +5.3%) and Draguignan (+5.2%)."In all of 2010, rents should remain stable," explains Michel Mouillart. "Like last year, rents should then fall to spring and again later in the year."

Wall Street on Monday addressed the sixth session of consecutive increase. Half an hour after opening, the Dow Jones gained 0.1% to 10,537 points while the Nasdaq gained 0.30% to 2292 points. The S & P gained 0.19% to 1128 points. Before the Christmas break, the U.S. places had registered a new annual record after the 14 December. The meeting on Monday also looks into the green even if the volume of trade should be still very low due to leave later this year.

Neither statistics and results are expected during this session.However, markets will follow tomorrow, Tuesday the S & P / Case Shiller index of house prices, the index of investor confidence in State Street and the index of consumer confidence from the Conference Board in December.

The airline industry lags behind

Fannie Mae (20%) and Freddie Mac (23%) bound in exchange for information following the U.S. press that the U.S. Treasury agreed to provide two groups of funds as necessary within three years.

The Amazon is under 1.91% to 141.11 dollars. The group announced that its digital book reader Kindle article had become the most offered in its history.It was first sold more books than books, digital paper on Christmas Day.

The airline industry should also move following the tightening of security measures imposed by Washington after the assassination attempt Friday during a flight from Northwest Airlines (0.35%). Continental Airlines lost 1.45%.

Delta Airlines fell by 2.72% and American Airlines lost 1.84% in response to rumors that the Japanese public funds Turnaround Enterprise Initiative Corporation of Japan (ETIC) seek to place Japan Airlines (JAL) in bankruptcy as part of restructuring the airline.A news that could complicate ongoing discussions with the two American companies.

Alexander Ananenkov, vice chairman of Russian gas giant Gazprom said Monday that his group expected to conclude in 2010 an agreement with U.S. energy company Exxon (+0.28%) on the supply of gas from the Sakhalin – 1.

Finally, the Italian Ferrero is still considering a bid for Britain's Cadbury after the latter rejected the proposal of Kraft Foods (+0.22%)