Archive for the ‘money’ Category

07
Mar

"Defending agriculture as finance '

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By staying close to four hours this morning at the Salon de l'Agriculture in Paris, Nicolas Sarkozy has tried to erase the minds that it does not come to inaugurate the event on Saturday. A tour which began at 8 am 30 and held in two parts of two hours each. Initially, the Head of State met the cattle exhibitors in Hall 1, then those of the crop of Hall 2 in a general rush but channeled. A friendly atmosphere, where the applause and encouragement have predominated, but without any measure with the ovation the day reserved for Jacques Chirac. A few hisses were heard but no more, on the stairs connecting the two lobbies.

Then, the president has organized and is a first, a roundtable with all unions representing farm.And just FNSEA, the majority union in which a delegation had been received yet at the Elysee Palace on Wednesday. "This is a first, previously only FNSEA attended this kind of round table across the national council of agriculture," Henin said Frederick, who follows the industry for over ten years for the publication Net farm land.

800 million in soft loans

It was during this interview, which was attended also by representatives of agribusiness, insurance and banks, totaling about twenty representatives, the president has announced measures to help the industry out crisis. "I will do for the French and European agriculture that we have done to save the funds, has hammered Nicolas Sarkozy. I will not give an inch. "However, he made a cross on the methods of the past to support the agricultural sector."There are ways that you borrowed last twenty years, those exchanges of price subsidies cons, we can not borrow more now," he said. For ten years later, he must repay. The Head of State was referring to 500 million euros of aid from Brussels retoquées this summer and fruit growers are expected to repay. "The solutions we have selected to ensure price breeders are legal. In addition to plan emergency aid announced four months ago to Poligny in the Jura, Nicolas Sarkozy has put on the table over 850 million.

In detail, this breaks down as follows: 800 million for subsidized loans, which now reach 1.8 billion euros, against 1.5 billion originally projected in the plan Poligny. "All loan applications will be present and honored," said the tenant of the Elysee.They are also 50 million more who will go to farmers under the FCC (relief fund expenses). They serve to alleviate the financial costs of borrowing old. Moreover, the decree to allow the exemption of all charges employers for employers of seasonal fruits and vegetables, appear at the end of the month. A measure of 170 million already announced in the Jura, which should give a better competitiveness in the sector, with a decline of two-euro cost of the hourly labor progress.

"A new method of environmental measures"

Also on the environmental front, the President said that farmers had already done much. "I believe in sustainable agriculture, yet it need to change.I asked Bruno Le Maire and Jean-Louis Borloo to hold next week a first working group around a new method of analysis of environmental measures in agriculture, "he said. This working group is working on three areas: an analysis of what is happening with our European neighbors, a study of the economic and social impact on patterns and quantification of benefit to society. The President recalled that farmers across the prairies, it possible to store CO2. Interest so as to avoid wastage of the agricultural land disappearing at a rate of one department every ten years. A 10% tax will apply to all sales of these lands as they become farmland.

Finally, in the debate on the future of the CAP, which must be reviewed before 2013, Nicolas Sarkozy said he was prepared to reduce the budget by more than 50 billion euros on condition that farmers live with decent prices and we apply the Community preference.

With the announcement of these measures were mixed unions, most tanks are those of the Confederation Paysanne. "These are interesting and go in the right direction. But they are not sufficient, he should go to the social VAT to make agriculture more competitive French, "said Francis Lucas President of the Rural Coordination. FNSEA has in turn welcomed the easing of environmental benefits."Without denying the objectives of sustainable development, we can not ask for more investment in heavier farmers if there is no remunerative prices and incomes, reacted Jean-Michel Lemetayer, president of the FNSEA. Agriculture should not be steel or textiles of tomorrow, "he added.

Around 12:30, the President closed the debate by promising to review the parties present three times a year to make a point with their monitoring of current files. "I was happy to be with you," he said in the twenty participants.

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03
Feb

The CAC 40 should be boosted by Asia

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After closing on Tuesday sharply (1.33%), CAC 40 should bind a third straight session, after Wall Street and Tokyo have also closed up. The future index is up 0.49% at 3812 points.

On the macroeconomic front, the meeting will once again quiet. Tokyo closed up driven by export values. Wall Street posted its second consecutive session of strong gains, thanks to a renewed optimism about economic outlook sparked by expectations of UPS.

But the day will be marked by a series of indicators on the service sector in Europe and the United States and the ADP survey surl'emploi the United States, giving a foretaste of showing the employment in January scheduled Friday.

Oil finished up Tuesday at 77.23 dollars a barrel.The euro continued its resurgence at 1.3971 dollars (0.06%).

Values follow

Vinci reported an increase of 4% of its backlog, which gives visibility beyond 2010 in a still uncertain economic environment. 2009 was marked by a decrease of 4.6% of its consolidated revenues to 31.9 billion euros.

EADS: The Asian demand for aircraft will be more robust than expected, according to Airbus. The manufacturer estimated that the region will need 8,000 aircraft over 100 seats on els next 20 years, 7 cons business card .627 During the previous estimate.

Maurel & Prom has announced a 2009 turnover up 99% with the start of fields and OMKO Onal in Gabon. The oil company said 2009 sales below expectations of 183.2 million euros, including 54.7 million in Q4.

NRJ Group said on Tuesday found a slight increase in advertising revenues in January, after an increase of 1.8% of its sales on a comparable basis in 2009.

Alten said he was confident in his ability to pursue recovery of its operating margin started in the second half of 2009 according to its expectations, despite talks 'complex' with its customers in a heightened competitive environment.

GL Events has announced a decline of 4% of its turnover in 2009 to 581,4 million euros, saying he had outperformed the market events, and a contract for the provision of 40 million for the World Cup footbal in South Africa.

Latecoere has seen its annual sales fall by 22.4% to 449.4 million euros in 2009, under the influence of a decrease of 30.4% in the Aerostructures, which provide more than half of total .He said anticipated a slight drop in activity in 2010, provided the low point turnaround cycle.

20
Jan

Disputes between tenants and landlords

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Is this a consequence of the economic crisis? "We found an increase in rent arrears in 2009," said Lucie Cahn, CEO of Apagl, the Association for access to rental guarantees. "About 30% of tenants in difficulty were unemployed and 25% of them had suffered a decline in their income," says she.

A difficult situation for tenants, but also for landlords, private income sometimes required at the time of retirement. To avoid such a scenario, they can protect themselves by taking out probably next month, with an insurer, the new security risks rental (GRL).

The propriétairesmieux protected

This extends the existing insurance arrangements.It is for rents not exceeding 2.000 euros and the maximum coverage is 70,000 euros and costs about 2% of annual rent.

However, the UNPI (National Union of Property Owners) said the device "inappropriate." "It is quite unfair to bear the brunt of financing the GRL by the lessor while the lessee is is insured and who will benefit from the contract, "sorry Jean Perrin, president of the UNPI.

The relationship between landlords and tenants are not always simple. "While the vast majority of rentals are going well, some cases come up repeatedly," said David Rodrigues, a lawyer for the consumer association CLCV.

The reimbursement by the landlord's security deposit at the end of rental, tops disputes.They are "more and more," says besides a survey released Wednesday by the CLCV, as Le Figaro was purchased.

Since 2008, the amount of the deposit is one month's rent excluding charges (rather than two months). According to the survey, the tenant is unlikely to recover fully after his move: the case of only 10% of tenants. And "in addition to a lease on three (37.5%), the lessor retains the full deposit, according to the survey. The majority of tenants (52.5%) recovered some of their stake. "But only 28% of the amount deposited in average (36% on average in case of dispute).

Withholding part of security deposit can be explained in deteriorating housing, or by UNPI, non-payment of last month's rent … But "this is not always the case," says CLCV."Quite often (28%), donors do not justify the deductions from the deposit," said David Rodrigues. "For this reason, we want the landlord to provide invoices stating that repairs were actually made," he concludes.

16
Jan

Emmaus is launching its bric-a-brac Neighborhood

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After the large deposits, Emmaus starts now in the "bric-a-brac neighborhood. Based in Paris at Centquatre (the center of artistic creation of 104 rue d'Aubervilliers, XIX), the first such shop opened this week. Nine others should follow in the coming three years after an agreement signed between Emmaus and the City of Paris. In these knick-knacks, buyers will always find so many clothes, furniture or dishes at any price, but small retail space will be reduced (200 to 300 m2) and * opening hours extended to better integrate neighborhood life.

So far, the association only had a Paris address, located at 80 boulevard Jourdan (XIV). For two years, more than 3,000 people flock every Saturday on the 1,000 m2 warehouse for a few hours to exhaust the stock of products recovered during the week.A success that led Emmaus to look for other sites.

It must be said that environmental awareness has boosted donations of used goods while the economic crisis has increased the number of customers looking for bargains. Across the country, 85,000 tonnes of textiles, 65,000 tonnes of furniture and 20,000 tonnes of electrical equipment have been collected by Emmaus in 2008. The resale of these products used generated 148 million euros in 2008 against 142 million in 2007. The 2009 figures should be even better.

Originality of the Parisian experience: the addresses are managed by the association Emmaus Challenge, an offshoot of Emmaus, which uses reintegration of employees and not members of the community."Large urban area offer plenty of room in emergency accommodation, but not many opportunities for employment," says Charles-Edouard Vincent, president of Emmaus Challenge. With its bric-a-brac, it currently employs 80 employees in rehabilitation and aims eventually to bar 300. An experience that is limited for now to the capital which has the largest deposits of products to be collected, and the broader population in need.

Rest now, with the assistance of the City of Paris, to find the space available to open additional stores. And also to find an alternative store to the flagship Boulevard Jourdan. This temporary space is indeed close its doors by the end of September.

* Bric-a-brac Centquatre, 104, rue d'Aubervilliers (XIX). Open Wednesday to Saturday from 15h to 18h. Receiving gifts: Tuesdays from 15h to 18h and 11h to 18h Wednesday through Saturday.Ref.: Www.emmausdefi.org or www.104.fr, under "Shops".

13
Jan

Estrosi want a Clio French IV

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"We will not allow the Clio IV be produced in Turkey," said Christian Estrosi yesterday in the Assembly. On the eve of receiving Patrick Pelata, CEO of Renault, the Minister of Industry has shown its determination to avoid "hidden relocation. For Secretary of State for Employment, this move is a "red line" not to cross. Reflecting the sensitivity of the manufacturer, he recalled that 45% of its workforce in France.

Renault does not intend to produce Flins, near Paris, the successor of the current Clio III. This is already manufactured in three sites: Flins, Valladolid (Spain) and Bursa (Turkey). "Without this multilocalization, Clio program would not be profitable, said spokesman of the manufacturer. No decision on the allocation of production has been taken.The Clio should not be renewed for another three or four years. "Renault plans to produce Flins its future electric cars," at least 100 000 batteries per year, and to keep the Clio time to the growing burden of the power. There would be no risk to social Flins.

That is not enough to reassure the government. Christian Estrosi said yesterday that "the state was deeply involved in industrialization of electric vehicles, including Renault and asked him to" better connect the whole chain of French development of the electric Flins.

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09
Jan

SNCF launches radio traffic

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In a large show held at the Carrousel du Louvre in Paris, Guillaume Pepy, the SNCF President, presented the major innovations that the railway was completed or tested in 2009, and especially those which it has proceed in the years to come. Some of them concern the heavy infrastructure such as Highway Railway Luxembourg-Perpignan, whose rate of rotation has been doubled to four daily return. Also programmed a line Bayonne-Lille and medium-term line of Great Britain to Italy through France.

The key innovations, however, concerns the field of multimedia.And such service "station line", available on 3G phone, which lists 600 stations to allow users to know the times of departure and arrival of trains, the number of platforms, location or price of the car … In 2010, SNCF will launch a radio, a little image of FM Highway, we will receive on his mobile phone or Internet. With a team of 30 journalists, all 15 minutes will flash information on traffic conditions and disturbances. Between the flashes, there is provided a musical thread, who wants very heterogeneous because it will "attract a clientele that ranges from 7 to 77 years.

Tariff Schedule

On the website "Voyages SNCF, a tariff schedule will allow customers to better understand and especially to see ticket prices depending on the train. A first version for small prize will be available in first quarter 2010.After the air is the railway, through the barcode and card flyer, opening gradually to the e-ticket, thereby avoiding the printed ticket. Tested over 14 destinations in 2009, this service will be extended in 2010 to all France, and international relations with Luxembourg, Switzerland and Germany.

Finally, the SNCF will use the experience of Thalys on Internet connection and gradually equip the 52 TGV Est network. Thus, passengers traveling to Metz, Nancy and Strasbourg can surf the Internet while traveling. An investment whose cost is 500,000 euros per ream.

In the field of health, SNCF began to equip the trains of the TGV defibrillators. Since last summer, 150 stations have been equipped. It's now the turn of the TGV trains to the East and Switzerland. Eventually, the entire network will be equipped.An investment of 10 million euros for 2,000 defibrillators.

06
Jan

Balances: Internet users willing to spend 168 euros

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While some are preparing to face the cold polar for finding deals, a growing number of consumers will continue this Wednesday, though warm at the computer … The survey conducted by Directpanel Research for the Federation of e-commerce and of distance selling (Fevad), three quarters of Internet users intend to make sales online. 16 million French, constant compared to last year.

Besides the practical aspect of the cyber shopping avoiding transport, cold and congestion, especially Internet landslide rates from Fevad. On the Web, customers have comparators which can not fail sizeable discounts that can reach 90% from the first day of sales.Another advantage, if any error or deception, online stores subject to the regulation of distance selling are required to return the items during the withdrawal period of seven days.

EUR 168 on average

Under existing regulations, the kickoff will be given 8 hours, although some sites have offered to their online shoppers fill their baskets to advance to validate not only the final fateful hour. As in the shops "physical" Moreover, the proposed articles are unsold new sold for over a month.

According to the survey, users hear and spend 168 euros on average. Some 10% of 990 respondents-are even willing to go up to 500 euros. The fashion, female as male, are the products most desired.Accessories, footwear and electronics complete the shopping list type.

Last year, the federation had found a 16% increase in sales over the internet in the first day of sales.

02
Jan

The "drunk tank" Bercy closed

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Forthe taxpayers with assets hidden abroad, it is too late to repent. The cell regulation introduced by the end of April Bercy for those wishing to come into line with the Inland Revenue closed Thursday at 18 hours. Reportedly, a few days before the deadline, it had treated more than 3 000 applications. On December 9, Eric Woerth, budget minister, spoke of 1 400 cases to bring back 500 million euros into state coffers. "Since the case of HSBC list started, we have achieved records, telling a lawyer a few days ago.

Still, the results obtained by the French in cell eight months paled in comparison with performance in Italy.The tax is to regulate trans 95 billion in three months! The state has recovered 5 billion of revenue, and the measure has been extended.

But in Italy, it was simply an amnesty: 5% tax on amounts settled, period. Not so in France, where the tax was due to pay (three years for income tax six years for the ISF and inheritance). The French Treasury not negotiating that penalties and interest.

20% of capital for tax

"It was interesting when he had inherited more than six years of hidden assets abroad and that you did not then fed into account. The additional tax due is three years and six IR EWB, was increased by 15% at maximum, "explains Valérie Harnois-Mussard, a lawyer with Fidal. The taxpayer could get away with leaving 20% of its capital tax.The regulation was much more expensive if the death was within the last six years, because of inheritance. And the tax rebate did nothing fabulous for those who had actively concealed funds. Another obstacle: the documents to provide the tax authorities were numerous.

This relative lack of mercy has always been assumed by Eric Woerth, who would not hear of amnesty. But his all-out offensive against fraudsters – with, culminating in its Communication on a list held by the Treasury, 3 000 people with accounts in Switzerland – has not helped to create a serene atmosphere. Households were afraid of having to undergo inspections in fiscal 2010 and subsequent years if they showed up in the cell.Some taxpayers have hexagonal even made a more radical choice: to settle permanently in Switzerland.

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24
Dec

Veolia defies SNCF TGV

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It must be with Air France, it will be finally on Tuesday with Trenitalia. Reportedly, the group Veolia is about to conclude an agreement with Trenitalia, the division of passenger transport operator of Italian public Ferrovie dello Stato, to ride the TGV in France in early 2012.

Neither partner can share in the unknown. The French group had initially started this project in 2008 with Air France before the airline waives last October. Veolia provides fruit and a year of joint discussions with Air France on the subject and plan of attack ready. For its part, Trenitalia is the first foreign operator to take advantage of the opening of international passenger traffic last December 13 to seek paths in France.The group is preparing to roll its TGV spring between Rome, Milan and Paris.

The liberalization of international trade makes it possible for an operator to run its trains in France if they have a path between two states. It is possible to make the Milan-Paris via Lyon and compete with SNCF on the Paris-Lyon section.

To ride the TGV early 2012, both partners are ready to draw: it takes at least six months to conduct the tender for rolling stock and nearly two years the builder to honor his order. Veolia should take over the project developed with Air France. It revolved around three TGV lines. An axis Brussels-Paris-Lyon which allows both to compete with the Thalys between Brussels and Paris and SNCF from Paris and Lyon. A Paris-London Eurostar rival but also competing with SNCF Paris-Lille.And finally, a Paris-Strasbourg line with after the Alsatian capital, a branch to Frankfurt serving lines Mannheim and Karlsruhe, and a branch to Basel with a stop in Mulhouse.

Ambassador of the French high-speed

With operating costs 30% lower than the station simply because of the social system of railway, Trenitalia Veolia and could become the low-cost airline of the TGV. Initial projections of rates which were estimated with Air France aimed at a Paris-Lyon to 30 Euros in second class cons 41 to 63.10 euros for the station (ticket Leisure in normal times), a Paris-Nantes to 22 euros second class cons from 36.50 to 56.80 euros for the SNCF and the Paris-Lille 19 euros against 25 to 38.90 euros for the station.

For Air France, this project means that the ally of yesterday will become a new competitor for its domestic flights.For the station, this is the end of a monopoly and the beginning of a battle that will necessarily lead the public company to lose market share.

For Veolia, the project is a first step since the group aims eventually to answer calls for tenders TGV abroad. The French would be very good in the role of ambassador of the French high speed in the world alongside the manufacturer Alstom. "To export the TGV, Alstom suffers from not being associated with an operator, said a close case. SNCF does not because she is not willing to take risks and cost of revenue abroad. "

14
Dec

Exxon bought XTO Energy for $ 41 billion

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Exxon Mobil launched a massive operation. The Texan oil giant announced Monday in a statement putting his hand on XTO Energy, a specialist in exploration and production gas field unconventional. The stock transaction is valued at 41 billion dollars (28 billion euros). An amount that includes 10 billion debt to XTO. The news that investors react. On Wall Street, the action XTO recorded a jump of 16.65% to 48.38 dollars, while Exxon Mobil abandoned as 2.99% to 70.65 dollars.

Through this transaction, expected Exxon 0.7098 new share issue by XTO title. This is equivalent to a 25% premium for shareholders of XTO, compared to the closing price on Friday, December 11, which served as basis for agreement. The deal should be finalized in the second quarter 2010 after the green light by shareholders of XTO and regulators.After the merger, Exxon plans to establish in Texas a new organization to manage development and resources that will bring him XTO Energy.

The exploration and production of unconventional gas represents a potential size of the United States. For Rex W. Tillerson, executive director of Exxon Mobil, this acquisition will be an opportunity to increase investment and create new jobs in the U.S. economy.