The chosen solution is identical to that adopted by 1 July, when prices for individuals were frozen and prices for businesses increased by 3.2%.

GDF Suez angry

This is not to the liking of GDF Suez, which called for an increase of almost 5%. The gas giant said it would "seize the courts to protect its interests."According to the company, the shortfall of the government's decision is "290 million" in its accounts the second half.

"GDF Suez can only regret the decision of the French Government on regulated tariffs for natural gas because it is not in line with public service contract signed between the state and the company or the laws and regulations concerning the evolution prices of natural gas', denounced the group in a statement."GDF Suez will request that the coverage of costs paid by the group from the suppliers of gas costs have increased recently in the wake of the upward trend of oil prices on which the natural gas price is indexed" he argues.

The competitors of GDF Suez, grouped in the National Association of energy retail operators (anode), had also filed an appeal with the State Council on August 26 to contest the freezing of gas tariffs for households decided government.

But he had promised that there would be no increase until the presidential election. He also asked the Commission for Energy Regulation (CRE) to find a new formula more favorable price to consumers, after a 20% surge in prices.This should be remitted to government in the coming days.

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This increase serves as a good sign for U.S. growth in the third quarter. What mood enhancing buyer investors, who already showed optimism prior to publication.At the opening of the session on Monday in New York, the Dow Jones ahead by 0.74% to 11,368 points, the Nasdaq and Standard & Poor's 500 rising 1.36% respectively in 2514 and 1 points, 40% to 1193 points.

The final impact less severe than expected from Hurricane Irene passed over New York yesterday, also contributes to investor optimism. Similarly, after being confused by the speech of Ben Bernanke, the Fed chairman, on Friday, market participants regain hope in a possible intervention by the Fed.

The Dow Jones above 11,000 points

According to analysts at Aurel BGC in fact, the announcement by Ben Bernanke, a two-day meeting in September to study in detail the possible deployment of new monetary tools, reassured. "Either the recovery of economic activity is growing, or the central bank will implement new support measures, they summarize.Under these conditions, the U.S. indices rebounded sharply after Bernanke's speech. "

In fact, dropped below the 11,000 points while the Fed chairman began to speak, the Dow finished at 11 284.5, up 1.2% on Friday night. A final increase, which encouraged European stock markets bounce back on Monday morning, except in London, closed due to holiday.

Another indicator which will be followed on Monday, the promises of home sales for July are expected down 0.1% from a consensus of analysts, against 2.4% rise previously.

The bank should remain in the spotlight

No major publication is expected on the business side.

However, the banking sector will probably still at the heart of analysts' expectations, due to the rebound in the sector in Europe.

All weekend, politicians and economists have debated the television studios of the legitimacy of the downgrade of U.S. debt. The subject continued to occupy most of the news on Monday, forcing Barack Obama to step up. In a short statement, Bush blasted credit rating agencies. "The United States still deserve the AAA," Has he said, wanting to be evidence that investors had continued to buy Treasury debt on Monday. Quoting Warren Buffett, the famous investor, as he believes "the United States deserve a quadruple A!."

A political weapon

However, Barack Obama acknowledged that the issue of deficits had become critical and assured that he would make proposals to address them in the coming weeks. He reiterated his commitment to reforming the U.S. tax system, which will require higher taxes for the wealthy, and agreed to amend, at the margin, its reform of social security (Medcare) considered too expensive by many of economists. He also called in turn Silvio Berlusconi, the Italian prime minister, and José Luis Zapatero, Spanish Prime Minister, to discuss the need for coordinated action to avoid a slowdown in the global economy.

Yet Barack Obama, who Monday sought a message of optimism by saying that economic problems "can be solved," has not convinced Wall Street that ended the session by falling 5.55%.U.S. President knows that the degradation of S & P is a political weapon for his opponents. "This degradation is that of the Tea Party, because a minority of people went against the will of the majority of Republicans," has dealt Democratic Senator John Kerry.

Republican side, it was blamed on Barack Obama. "I recognize that there are shortcomings, but they come in large part to the failure of the president to lead the country. The Republicans control only a third of the government, "said Senator John McCain.

The former director of the Federal Reserve, Alan Greenspan, offered his own reading, Sunday on NBC. "It's not a question of assessment of rating agencies. There is zero chance that the United States fall into default (…). What S & P has done is hit a nerve.He faces the pride of America, "he said.

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Moody's became the first of the three major rating agencies to place the note in the United States under surveillance with risk of a downgrade. In a statement, she said, receive "a possibility of increasing the maximum statutory debt is not found in time."Without an agreement, the U.S. could miss some payments on government bonds in circulation, she says. The dollar and U.S. bonds fell after the announcement. The dollar's share has compounded its losses. In morning trading, the euro is worth 1.4196 dollars.

The agency intends to end the monitoring as soon as it can conclude whether a defect is avoidable or not. It will then decide if the United States are entitled to keep a stable outlook on their ratings, on the basis of the budget negotiations between Democrats and Republicans. But even if Congress manages to avoid a technical default in August, increases the likelihood of a revision of the outlook to negative in the weeks following, told Reuters Steven Hess, Moody's analyst."The fact that they do not agree on are the maximum debt shows that the outcome of negotiations on the status of long-term debt may not be very positive," said he.

Recall

Following this announcement, the Deputy Treasury Secretary for Finance interior, Jeffrey Goldstein, said the Moody's decision was a timely reminder of the need for Congress to avoid a default and to seal an agreement to reduce serious budget deficit.

For Democrat Chris Van Hollen, the words of Moody's demonstrated the danger in the ideological debates. "The fact that Moody's places the United States under surveillance and downgrade our rating to AAA underlines the danger of those who would do our economy and our jobs hostage to a rigid ideology instead of acting in the best interests of our country, "he said.

Tense discussions at the White House

The opinion of Moody's fell just before the fourth interview in four days between Barack Obama and the leader of the Congress. According to a Republican parliamentary attaché, she was the most tense of all. To conclude the meeting of Wednesday, the president of the United States would have meant he would no longer concession, even if it were put at risk its mandate. "I got to the point where I have to say 'enough is enough!" Is Ronald Reagan would sit here? I reached my limits. This may possibly lead to the end of my presidency, but I will not yield on this point ", would he have said.

Denying the information that the President had left the room abruptly, an audience member who requested anonymity confirmed that he had expressed his exasperation, saying, "Enough!".Barack Obama, who will again parliamentary leaders on Thursday, has also asked to renounce the political maneuvering, according to a member of the Democratic Party.

In this context, the President of the U.S. central bank (Fed), Ben Bernanke, warned that failure to pay the United States would create "huge problems" for the country and a "major crisis" in the world .

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This hesitation is tinged with nervousness in many markets, on both sides of the Atlantic, while determining opens one week in Greece. The vote on Wednesday and Thursday by the Greek Parliament, the new austerity plan imposed on the country already focused the attention of investors.

In this tense atmosphere, the euro regained a little against the dollar, while still fears of contagion in the eurozone. To 15 hours, the single European currency was worth 1.4199 dollars against 1.4190 dollars on Friday evening at 21 hours.For their part, oil prices fell Monday at the opening in New York, still within the scope of the decision of consuming countries to market crude oil dipped into their reserves. To 15 hours, on the New York Mercantile Exchange (Nymex), a barrel of "light sweet crude" for August delivery traded at 90.51 dollars, down 65 cents from Friday.

Household spending disappointing

On the macroeconomic front, consumer spending of U.S. households were unchanged in May for the first time in nearly a year, while revenues increased 0.3%, slightly less than expected, according statistics released Monday by the Commerce Department. Adjusted for inflation, spending fell by 0.1% in May for the second consecutive month.The decline in vehicle sales after the disruption of production caused by the earthquake of March 11 in Japan may explain the decline.

The PCE price index base (core) has also increased by 0.3%, its biggest increase since October 2009, after growing 0.2% in April. On an annual basis, the index closely watched by the Federal Reserve, rose 1.2% against 1.1% the previous month.

"These are disappointing figures: the actual use sign its second decline after a strong increase in the first quarter," said Inna Mufteeva, an economist at Natixis, saying "more concerned about the risks to the short-term economic recovery. "

Other indicators U business card.S. manufacturers are also expected this week.And they may not much reassure investors already worried about the slowdown out of global growth and problems, ever more acute, the European sovereign debt.According to analysts at Aurel BGC, regional surveys of manufacturing, Dallas (Monday), of Richmond (Tuesday), then Chicago and Milwaukee (Thursday) could further deteriorate.

The ISM manufacturing index for its national will on Friday, as car sales in June and the numbers of the activity in the construction sector.

Nike and Black & Decker to a

On the corporate side, Nike (0.91% to 81.92 dollars) will publish on Monday, before the market opening results for the fourth quarter, before an information day, from Tuesday, with analysts, on these results and the long-term strategy around the CEO, Mark Parker at the headquarters of Beaverton (in Oregon).

Stanley Black & Decker (1.49% to 70.31 dollars) also adds that on Monday the offer made by the Swedish Securitas Niscayah of his compatriot, a supplier of safety equipment, with a proposal valuing the company a , 2 billion, including debt.

Treatment of diabetes developed by Bristol-Myers Squibb Lab (-0.50% to 28.79 dollars), in conjunction with AstraZeneca, was effective in a study over two years, but an increasing number of cases of bladder cancer or breast cancer was observed in patients.

Philip Morris (0.39% to 65.36 dollars) is threatening to launch legal action against the Australian government, which intends to impose on tobacco packaging generic without distinctive logo, to fight against smoking.

Facebook weigh $ 70 billion

Note that the investment fund Capital GVS took a small stake in Facebook, valuing the social network about $ 70 billion (49 billion euros). The fund said Monday it has bought 225,000 shares at an average price of 29.28 dollars each.

The number of outstanding shares of Facebook is about 2.4 billion, according to data specialist Sharepost. Facebook leaders consider an inevitable IPO but are silent on his calendar. At $ 70 billion, Facebook is valued slightly below Amazon. Com, Cisco Systems or Hewlett-Packard.

According to British newspaper, that the deduction of bank capital and capital employed in the insurance industry that have been announced including less severe than anticipated. Good news, if it were true for large bancassurance groups that are French.

In fact, several elements collide in the European regulation.The European Commission initiated the drafting of the Directive (CRD 4), which transpose Basel 3. But the text does not fix a ceiling for leverage, since Basel 3 ratio does not compulsory but a tool available to regulators. Nor does it impose any standard of liquidity, since the Basel Committee provides a period of observation before definitively concluding its normative work. These elements are sometimes misinterpreted as a softening of the device.

A market sentiment indeed confirmed by another rumor that swells in the financial world: the possibility that the obligations imposed by Basel 3 are relaxed or shifted to European banks if a restructuring of the Greek sovereign debt should intervene.

They rub shoulders patterns of media, such as Australian-American tycoon Rupert Murdoch, the chairman of the New York Times Arthur Sulzberger Jr. The conference will also host the rising stars of the Web as the creator of good plans Groupon Andrew Mason and Mikael Hed, Director General of Rovio, the publisher of mobile gaming success Angry Birds.The world of finance will ambassadors Niklas Zennstrom, CEO and cofounder of the fund Atomico Skype, and Sean Parker, Founders Fund partner today, Co-founder of Napster and Facebook, and bad boy of Web embodied by Justin Timberlake in The Social Network.

This casting will demonstrate the importance of the event. It was proposed by Nicolas Sarkozy, who chairs the G8 this year. For the first time, an Internet discussion has been put on the agenda of the G8, which meets on May 26 and 27 in Deauville. E-G8 Forum should provide a framework for exchanges between heads of state.These will be based on a paper presented at the next G8 e-Forum, which might detail a series of reflections and proposals on major issues of the Internet.

The conference program addresses broad issues as "The Internet and economic growth," which will discuss among others John Donahoe, eBay's CEO, Eric Schmidt, and Christine Lagarde, Minister of Finance. The debate "Internet and Society meet Andrew Mason, Sheryl Sandberg, Facebook's number 2, and Jimmy Wales, founder of the collaborative encyclopedia Wikipedia.To make proposals on these discussions, stakeholders were asked to come up with key ideas that they wished to submit to the representatives of the G8.

Private funding

Issues closer to the everyday concerns of internet entrepreneurs and internet will be discussed in workshops: financing for start-up, freedom of expression and privacy, mobile issues, information sharing and value, e-government … All these exchanges are broadcast live over the Internet, will be summarized by rapporteurs and provide the basis for a "message for Deauville."

The conference was organized in record time by Publicis, whose chief executive, Maurice Levy, was given the mandate in February.Advantage: via its subsidiary Publicis Live, the communications group organizes many events which already meet the tenors of the Web and media, such as the Monaco Media Forum, the Abu Dhabi Media Summit and Davos. These are the links forged during these meetings that enabled convincing, snatching, Mark Zuckerberg to participate in the forum. He has confirmed his arrival a few days before the opening of e-G8 Forum.

In return, Publicis has not been able to rely on public funding to mount the e-G8, whose budget is estimated at 3 million. The organizer has therefore appealed to private financing from a dozen sponsors, including Orange, Vivendi, eBay, Google, Capgemini, Iliad, Microsoft and Alcatel-Lucent.Four other finance a dinner tomorrow evening at the Louvre, in which 350 handpicked guests were invited.

The most important guests of the e-G8 forum:

• Rupert Murdoch – CEO of News Corporation

The media mogul had anticipated the rise of social networking by buying MySpace in 2005. It now relies on paid content online. "Aggregators and plagiarists will soon have to pay a price for our content. If we do not take advantage of the current movement towards paid content, the kleptomaniac triumph "

• Mark Zuckerberg – Founder and CEO of Facebook

At 27, the young prodigy of the Web is the 52nd World fortune, according to Forbes. More than 650 million Internet users have joined the social network he founded in 2004 at Harvard. "The social norm (of privacy, Ed) has simply evolved over time.People are really accustomed not only to share more information, different but also more openly and with more people "

• Jeff Bezos – Founder and CEO of Amazon. Com

It has revolutionized e-commerce by creating Amazon in 1994. He is now going to online media, from books to video. "The last nugget of gold rush has disappeared. With innovation, there is no last nugget. Each update creates new questions and new opportunities "

• Jimmy Wales – Co-founder of Wikipedia

His collaborative encyclopedia celebrates its 10th anniversary this year. It has 18 million articles written and edited by Internet volunteers. "I think MySpace is doomed, I give them another two years … I think Facebook is the next Microsoft, for better or for worse.It is an incredible company that will do much good and bad things "

• Eric Schmidt – Google Chief Executive

DG Internet Group from 2001 to 2011, Eric Schmidt has handed over to Larry Page in April. He remains in charge of acquisitions, partnerships and institutional relationships. "Today your phone knows where you are, and to some extent where you go. Ultimately, your mobile does what he does best is to say, to remember everything and make proposals. You can be a better human and have a good time "

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On all major exchanges in Asia and Europe, the reaction was positive on Monday after announcing the death of bin Laden. But the effect was short-lived.

The NYSE had ended up slightly vendredi.Sur the entire last week, the Dow Jones gained 2.43%, sailing now at its highest level since May 2008.The Standard & Poor's has made 1.96%, climbing to a new level since June 2008, and the Nasdaq experiencing the highest since December 2000, after rising 1.89% on the week. U.S. indices have been propelled by the quarterly results of companies. Indeed 73% of companies have released better than expected results for the first three months of the year.

Dollar up, oil down

And on the foreign exchange market, the dollar climbed against major currencies. Around 15:30 European currency resumed, however the height against the greenback.: The euro bought 1.4849 dollars against 1.4808 dollars on Friday night. The death of public enemy number one U.S. pushes investors to buy the greenback, especially low in recent weeks because of the decision of the U.S. central bank (Fed) maintain unchanged its policy of very low rates.

Similarly, oil prices, affected by the surge in the greenback, declined Monday. A barrel of light sweet crude for June delivery lost 57 cents to U.S. $ 113.236. Precious metals lose ground again this afternoon, even if less than this morning. The ounce of gold fell to 1546 dollars this morning against a previous record of 1575.79 dollars. It is from 1555 dollars to 15.30.

On the macroeconomic front, construction spending gained momentum in the United States, knowing their strongest growth in 11 months, 1.4%, according to data released Monday by the Commerce Department. In contrast, growth of manufacturing activity slowed for the second consecutive month in April, but less than expected, according to the index of industrial purchasing managers released Monday.This index, calculated by the Institute for Supply Management (ISM), stood at 60 paydayloan.4 in April after already slowed to 61.2 in March, against 61.4 in February. The 72 analysts and economists surveyed by Reuters had forecast an index to 60.0.

Macroeconomic agenda of the rest of the week is particularly busy overseas. The program included investors such as U.S. industrial orders (Tuesday), the PMI service on both sides of the Atlantic (Wednesday), quarterly productivity in the U.S. (Thursday).But the main highlight of the week on the macroeconomic level in the United States is expected Friday with the traditional monthly report on U.S. employment.

Apple on their toes

The side of values, PPR announced on Monday the launch of a friendly takeover of the American Volcom (23.92% to 24.45 dollars) (clothing and accessories for skateboarding), enhanced 516, 1 million euros, which, according to him, "a milestone" for the constitution of his pole "Sports and Lifestyle."The essence of sport and lifestyle center is formed by Puma, majority owned by PPR, which was completed in 2010 a turnover of 2.7 billion euros (+10.6%) and operating profit to 337.8 million euros, up 12.7%.

Always on the side of values, Apple (-0.36% to 348.88 dollars) might react to the announcement of Time which will offer a free edition of its magazine for iPad his paper subscribers, according to the Wall Street Journal.

On its side the oil giant Chevron (-0.70% to 108.67 dollars) has also announced after the close of Wall Street have made a profit in the first quarter of $ 6.2 billion against 4.6 billion a year past. Daily production rose to 2.76 million barrels per day against 2.78 million last year.Chevron also announced the construction of a new manufacturing lubricants in Mississippi to $ 1.4 billion.

For his part, Du Pont De Nemours (-0.25% to 56.65 dollars) has increased the amount of its bid for Danisco to 700 Danish kroner kroner against 665 previously.

Also note, the Wall Street Journal, Facebook's growth is higher than the forecasts made several months ago, the group is about to exceed two billion dollars of gross operating profit (EBITDA) in 2011. Still according to the Wall Street Journal, the benefits of Facebook now increase rapidly enough to justify a valuation of $ 100 billion or more from the perspective of an IPO. Facebook should be placed on the market by early next year.

LE FIGARO: Schneider Electric has been rumor of a possible acquisition of Tyco U.S.. You have issued a statement that has not dispelled all doubts. What is it?

Jean-Pascal TRICOIRE: In principle we do not comment on rumors. But quite exceptional, we decided last week to respond because we were the subject of persistent rumors and speculation. I can confirm that we have no discussions with Tyco International.To be more precise, Schneider Electric does not perform in the current year, a big acquisition.

Stand back for much larger operations?

We prefer small-scale operations, a few dozen to several hundred million euros. We have already announced four since the beginning of the year. We may also be interested in the business of medium size, a billion to several billion euros, but, I repeat, we have no large acquisitions planned today.

Do you plan to evolve your strategy on acquisitions?

We must first specify the model of Schneider Electric delivers a very strong organic growth. Between 2004 and 2008 it reached 10% per year. There is also a highly focused acquisition strategy in a market of 200 billion euro still very fragmented.In this market, Schneider Electric is a leader in its sector and still does not realize that 20 billion euros of turnover. This pattern of external growth is now proven. We have demonstrated over the years that we know how to select companies, correctly assess the strategic and financial plans, and successful integration. Last year, nearly 13,000 people joined the Group. In just six years we have gone from 70,000 to 110,000 employees.

Why not apply this model to purchases of larger scale?

Collaboration with large companies do not necessarily pass through acquisitions payday loan lenders. This can be done through business partnerships, joint ventures or purchases that included only the branches. My duty is to do acquisitions that are meaningful to the strategic plan, emit very strong synergies and meet our financial criteria.They must also integrate into our business portfolio: our strategy is not that of a conglomerate! And we are much more demanding these criteria when we look for large transactions. To consider a very large acquisition, you need a good alignment of the stars individual and is extremely rare.

Why are there so many rumors about you now?

I already see that we are perceived as more buyers than as prey, which changes a few years ago.I think we have constructed a clear strategy, an economic model that works and have demonstrated an ability to make intelligent and profitable acquisitions.

Does the pursuit of critical size in order to protect yourself from a possible hostile bid in a sense for Schneider?

Increase its size in just to protect themselves from potential buyers does not seem a good idea. Our priority is performance. I believe in continuous improvement of our performance to give our group the ability to develop and provide our customers with unique skills.

How did the first quarter?

We are making a strong first quarter. We post organic growth high at 11.8%. This is our fourth successive quarter of organic growth above 10%. North America shows a nice bounce, + 15%.And Western Europe, our growth reached 6%. In these geographical areas, our strength comes not so much the growth of markets-very-low that our initiatives. Where they sold the products, we offer solutions, services, energy efficiency, an overall set of offerings to higher value added. Over the year, we maintain our outlook that are always on a rise in business organically between 6 and 9%.

The data referred mainly concern the technology of propeller systems designed by Turbomeca, the world leader in helicopter propellers, as well as financial data of its parent.Those responsible for this case considered "the most important spy of 2010" by DCRI would have gone by computer systems and mailboxes for company employees to access the global systems group, and confidential information technologies Turbomeca. Remains to be seen to what extent the employees concerned were aware or not these actions the newspaper, which refers to possible "corruption".

Several million euros to improve the protection

Pending further information on the extent of leakage from computer fraud, loss technological and Turbomeca Safran is "incalculable," says a source within the company. Moreover, it would already cost Safran "several million" in protection systems "to protect the company from further attacks."

The Chinese track, yet …

As for the Renault affair in the early stages of the investigation, the question arises of a possible involvement of a Chinese company, which is more partner Safran, and would have flown the intruder. They could have been motivated by the desire to "bridge the technology gap and to ensure that Saffron does not cheat on the recharge equipment sold to the Chinese Turbomeca" said an inside source in the world.

Nevertheless, the investigation should be closely monitored in the coming weeks. The many twists on the Renault affair continues to fuel the wildest rumors. No track should be set aside for the moment to avoid a second scandal in a company the size of Safran.

A folder that is even more sensitive than the activity of Saffron is highly strategic (the group team of military aircraft) and the French state owns 30.2% stake in the aerospace equipment. The group will publish its annual results on April 21, at the same time it will hold its general meeting. Until then, it should remain very secretive about the specifics of the investigation.

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