International & World Report

The atmosphere is dull on the Bourse de Paris. The CAC 40 was down over 3% to 2694 points, after plunging 5.25% on Thursday. Over the whole week and he gave up 9.3% since the beginning of the year almost 28%. Mobilization and call for unity of the G20 held yesterday evening in Washington fail to reassure the markets. Friday morning, Asian stock markets were still sharply lower.

Elsewhere in Europe, the Dax in Frankfurt Stock Exchange lost 1.10% and the FTSE in London yields 0.50%.

Sorry, this video is not available on your mobile.

Three months after threatening to degrade the notes of BNP Paribas, Societe Generale and Credit Agricole, put under surveillance, the U.S. rating agency, Moody's, could rise to the act shortly shortly. According to sources familiar with the matter, the decision was "imminent." "It comes at the end of three months to impose surveillance," says a source. The rating agency that had accompanied its implementation in June under the supervision of a negative outlook, clearly had in fact paved the way for a deterioration in credit ratings. One step for BNP Paribas and Credit Agricole and Societe Generale for two.On the first day of September, the losses of the three titles are respectively 17.45%, 22.33% and 27.69%.

Analysts relativize

Especially, a controversy arose in late August on the valuation of debt securities by certain Greek French banks. The IASB, the body responsible for setting international accounting standards, criticized some financial institutions are not named, have valued their claims on the Greek state in ways internal development rather than by using market prices cheap payday advance. Which would have allowed banks to spend less severe impairment in their accounts. Even if they have applied a discount of 21% on government debt they have in their accounts, the three banks still have about six billion euros of Greek sovereign debt.

Some analysts relativize however, the scope of the surveillance on June 15 the three French banks by Moody's, noting that the other two rating agencies, Standard & Poor's (S & P) and Fitch attributed to them have lower grades. Crédit Agricole SA is currently rated "Aa1" by Moody's and "Aa2" by BNP Paribas and Societe Generale. S & P assigned the notes 'AA' with a negative outlook to BNP and "A +" with stable outlook to Crédit Agricole and Societe Generale. Fitch is on his side to "AA-" with stable outlook to BNP Paribas and Credit Agricole, and "A +" with stable outlook for Societe Generale.

Denis Olivennes set the course. The boss of Europe on Monday announced a desire to place the station "lasting beyond 10% of total audience," where its predecessor, Alexandre Bompard, always assured that "we had not set a target Hearing ". A Europe which ended the 2010-2011 season to 8.7% of the audience, did not exceed the symbolic threshold of 10% audience from January to March 2010. For Denis Olivennes, yet it is the "natural area" where Europe has to change 1. Currently, a play in which division France Inter (10.2%) and NRJ (10.7%). "It's a marathon not a sprint," said Denis Olivennes.

If the owner of the station, also at the head of information division of Lagardère Active (Europe 1, Sunday Journal and Paris Match), is given three years to reach its goal, it is pressed to do so."We need to increase advertising revenues and those from diversification. It provided funding for our programs, "commented Denis Olivennes. In the first half, Europe 1a indeed registered a "slight decrease" in advertising revenues. But advertisers have been attracted by the new schedule in September, reassured the control group.

This new grid wants to "reconnect with the deep roots of the station." "Europe is a television station whose spine is the information which has the characteristic good humor," analyzed Denis Olivennes.Simple translation on the air: the three appointments of information of the day – the morning, afternoon and evening Europe – are interspersed with two "beaches of entertainment," in the late morning and afternoon.

New site info

Eager to improve its image among listeners as advertisers, Europe has become an an "opinion leader". It is the mission entrusted to Arlette Chabot, director of information of the station. "The information needs to be a reference to Europe, as its independence," she said. To strengthen its position as the standard for information, will also launch a Europe in mid-October a "pure player" of information, facilitated by a dedicated team of journalists. It will be fed content from other sites in the group, its own content and production of Internet users.

The Tokyo Stock Exchange plays yo-yo since the beginning of the week. After losing more than 1% Wednesday, the Tokyo Stock Exchange shows a sharp rebound of 2.18% to 8828.38 points. Investors reacted positively to the new fence up Wall Street but also the weakening of the yen that benefits Japanese exporters. Thursday morning, the dollar advanced in effect from 0.13% to 77.06 yen while the euro gained 0.05% to 110.99 yen.The Japanese Minister of Finance, candidate for prime minister, announced Wednesday a package of measures to counter the effects of the outbreak of the Japanese currency.

As a result, car manufacturers progressed significantly: Toyota climbed from 2.46% to 2785 yen, Mitsubishi rose 2.8% to 1761 yen and Honda advanced 5.9% to 2456 yen.

Oil prices rise

Other Asian financial centers also evolved significantly in the green, including the Chinese stock exchanges: the Hong Kong Hang Seng gained 1.55% to 19,767.60 points and the CSI 300 took 2.42% to 2878.01 points.Otherwise, the Kospi Index was up 0.86% to 1769.84 points, the S & P / ASX 200 in Sydney gained 0.88% to 4204.40 points and the FTSE Straits Times rose 1.21% in 2752, 77 points.

Oil prices were up Thursday morning during electronic trading in Asia, in a market sensitive to the situation in Libya and cautious speech eagerly awaited the head of the U.S. central bank (Fed). In morning trading, a barrel of "light sweet crude" for delivery in October has appreciated by 14 cents to 85.30 dollars per barrel of Brent North Sea crude for October delivery took 21 cents to 110.36 dollars .

It will double or quits. Europe 1 was full of novelties for the start. This is to embody the renewal of the station of Lagardère Active, after a 2010-2011 season in any turbulence, which ended at the lowest in the polls, to 8.7% of total audience of the months of April-June

Europe had a well done one after two strategic hires at the end of last season, announcing the arrival of Bruce Toussaint morning to resume the abandoned during the year by Marc-Olivier Fogiel and signing Nikos Aliagas, starting from NRJ, for a chronic morning. The arrival of two icons a cathode showed indirectly that Europe retains its attractiveness to the small screen heavyweights.

In parallel, the station has increased the presence of familiar voices to its listeners.Michel Drucker is back with a daily late morning; Laurent Ruquier integrates the morning in addition to his appointment to 2:30 in the afternoon, Frank plunges Ferrand "At the heart of history" every day for one hour with a program which also promises future success of downloads podcasts, Michael Field found its followers in the evening. Finally, William Cahour, who led the morning safely after the defection of Marc-Olivier Fogiel, anime slice of information between noon and 13 hours.

A "media habit"

But these new appointments – even when they are carried by figures very "Europe 1", also include the risk of destabilizing a little more the station paydayloans. Indeed, radio is considered a "media habit", which does not change even from generation to generation. However, Europe 1 has already undergone several major revisions over the years.Upon arrival in the summer of 2008, Alexandre Bompard had thus hastened to abandon the format "info-talk", previously proposed by Jean-Pierre Elkabbach, to reposition it as a strong generalist radio sport and entertainment. Despite a slight revival of the hearings, he had to change his mind in the following season and slow down on the supply of sport. Last season, finally, was heckled by the departure of Alexandre Bompard in November, that of Nicolas-Demorand just happened to animate the early evening, in January and that of Marc-Olivier Fogiel early February.

For the new boss of the house, Denis Olivennes, it is both a balancing act and a distance race ahead.

ALSO READ:

"Denis Olivennes lays his groundwork for a Europe

"The best waves of the season

"VIDEO – Bruce Toussaint:" Europe is a radio event "

The ranking of cities where life is the most expensive in the world has just been updated. Based on the study "Prices and Earnings" of 2009 conducted by the Swiss bank UBS, the ranking reveals a new top trio now consists of Oslo, Zurich and Geneva. New Delhi, Manila and Bombay are on their last on the list.

To establish this classification, UBS has written, based on European consumption patterns, a basket of 122 goods and services in 73 cities worldwide. Surprise for New York, formerly the sixth, falling heavily to the 14th because of the weak dollar. Paris, however, losing three places, is now considered to be more expensive than New York, as it appears in 12th place.

Regarding wages, Zurich tops the list of cities that pay the best.Far behind Paris and Lyon are respectively the 24th and 25th place in this ranking shows that during that wages are twice lower than in Switzerland. Central to the survey on which this list is based: the purchasing power. UBS has in fact a classification of employees taking advantage of the stronger purchasing power based on their net hourly wage. If Zurich, Sydney and Luxembourg occupy the podium, London 16th and 22nd Lyon. Gones is the capital of the French before the capital, Paris listed in 28th place for the only criteria in purchasing power.

ALSO READ:

"Luanda, the most expensive city in the world

"Monaco, the most expensive city for luxury real estate

"After a rigorous regime of five open time of the attack by external growth," warned in March industrialist Vincent Bolloré, chairman and largest shareholder of Havas, on the occasion of the annual results of French communications group. First founding of the strategy of conquest, Havas announced Wednesday a majority stake in Host, "the largest independent creative agency in Australia," said David Jones, appointed four months ago, Havas CEO after chairing the network Havas Worldwide (Euro RSCG and Arnold).The group is already present in Australia through the agency Euro RSCG, Red Agency, Arnold Furnace and Media Contacts.

Founded in 2000 by Anthony Freedman, integrated advertising agency Host has 120 staff and advises clients such as Vodafone, Levi's, Coca-Cola Company and Australian companies BankWest, BT Financial Group and Sydney Water. Havas did not provide the amount of the transaction. David Jones said, however, that Host is "growing with double digit growth in its income for five years." Gross margin for the agency, which will retain its name and its current leaders, is estimated at about $ 30 million. "This acquisition is strategic for Havas, is its CEO. This is the largest independent agency in Australia, a brilliant creative agency several times crowned by lions at Cannes.It is also entirely consistent with our model by placing digital at the heart of everything we do. Over 30% of revenues come from digital Host. Finally, with Host and after the acquisition in late 2010 Porda corporate agency in Hong Kong, we increase further the percentage of our revenue in Asia Pacific. "

750 million cash

This external growth "measured but determined," to borrow the words of Vincent Bolloré, must lead the sixth largest global communications to reach 2.5 billion euros in sales within three years. In 2010, revenue was $ 1.558 billion."We now have a healthy balance sheet with cash of 750 million euros, one billion dollars available for acquisitions while in 2005 Havas posted debts of 750 million euros," says its new CEO.

To refine its strategy, David Jones was held in mid-June sixty major Havas executives in Barcelona. The group aims to strengthen in Asia and Latin America as well as in the digital businesses, with "priority given to social networks and geolocation, which represents the opportunity to major transformation of our industry." In 2010, digital accounted for nearly 20% of its revenues. But unlike its big French rival Publicis, which absorbed Digitas, Razorfish and Rosetta, Havas does not increase the scope of redemptions in the industry."We prefer to focus on budgets and talent at the heart of our agencies, rather than isolating them in silos experts, sometimes paid dearly, insists David Jones. That's what we did in recruiting team or Modernista digital with the acquisition of Socialistic. "Havas should also accelerate the deployment of its" microarray ", Arnold and BETC. The first, born in Boston, is a twenty offices around the world. The second, BETC, created in Paris by Mercedes Erra and Remi Babinet, will remain housed in the Euro RSCG network. After an initial introduction to London, BETC could export its "model of start-up" in the United States, Latin America or Asia.

In the fight against deficits, the prize for creativity back to Hungary. It has introduced a "hamburger tax" which, as its name does not indicate, not only will tax the burgers, which are beyond the last minute. In reality, this new collection in September will affect the crackers and sugary soft drinks high in sugar and packaged cakes.

This offensive against junk food is primarily aimed at combating the scourge of obesity, which affects 18% of the population. "Studies in recent years on the eating habits of Hungarians and health effects show that the problems associated with excessive consumption of fat and salt have increased," says Minister of Economy, György Matolcsy no faxing pay day loans.

This tax also has the advantage of the coffers of a state that really needs.Faced with abysmal deficits, the IMF ordered to redress the balance, the government of Viktor Orban multiplies the creation of new taxes, including banks, telecommunications companies, energy and distribution. Never mind, especially since he swears the "hamburger tax" will finance advertising campaigns on food hygiene.

ALSO READ:

"The American campaign against junk food

As announced in Le Figaro, the No. 1 reactor of the nuclear Fessenheim (Haut-Rhin) received clearance from the Nuclear Safety Authority (ASN) to continue operating. He "is able to be operated for a period of ten additional years provided you follow a number of requirements," said Monday the president of the ASN, Andre-Claude Lacoste.

The concrete slab on which was built the reactor must be such "enhanced" before June 30, 2013 "to increase its resistance to corium (molten magma resulting from insufficient cooling of the fuel, Ed) in case of serious accidents with piercing of the tank. "Second "major limitation" on the 40 made by the ASN: EDF will have to install an emergency device designed to remove the residual power "in case of loss of the cold source" before December 31, 2012.

Notice of extension published Monday is worth not discharge. Especially since it was made "subject to the findings of evaluations undertaken additional security after the accident Fukushima," said Andre-Claude Lacoste.

These stress tests requested by France and Europe aimed at assessing the behavior of plants in extreme situations. An "appointment" that could lead to the ASN "strengthen requirements," says its president. It will then EDF or the government to decide whether to continue the operation of reactor.

Monday, environmental groups and antinuclear called for "immediate closing" of Fessenheim.Nathalie Kosciusko-Morizet, Minister of Ecology responds to Le Figaro.

The response of government was quick. Thursday afternoon, members of the IEA (International Energy Agency), which includes industrialized countries, have decided to use their strategic oil stocks. One way to compensate for the lack of production Jamahiriya, the latter being blocked since February. A few hours later, the Energy Minister, Eric Besson said in a statement he wanted to Total "that any drop in oil prices is reflected at the pump." A wish welcomed by the CEO of Total, says Besson, who will make the same request to other fuel dispensers.

The decision of the IEA is not surprising. The agency warned in May that it was ready to use "all means" in case of persistent lack of production.Specifically, it will bring to market 2 million barrels per day for a month, compared to 1 low fee payday loans.6 million barrels of Libyan production. PAGE The United States will provide half of Europe about 30%. France will contribute in proportion to its consumption, or 3.2 million barrels, equivalent to about 2% of French strategic stocks.

To some analysts, this is a "rifle-shot." Coupled with the renewed concerns about global growth, the announcement Thursday caused a decline in oil prices – about $ 8 a barrel in London and $ 6 in New York.

Total impact "of course" at the pump a possible drop in oil prices, said Friday in an AFP spokesman for the group. "The question is, how long must the stocks are issued, it can not be done in one hour to another," she said.