International & World Report

An error of a few grams but is heavy in the wallet of the consumers. At the request of the Minister of Industry, Eric Besson, thirty center agents associated with the regional business competition, consumption, labor and employment (Direccte), inspected the measuring devices of 2800 semi-wholesalers and wholesalers (20% of the sector) during the months of September and October. Objective: To verify that the threads of clementines or roast veal in trays are much the weight indicated. More than 9000 scales, sorters, wrappers and scales were inspected. The results are edifying. According to the Saturday edition of Le Parisien-Aujourd'hui en France, a five-machine would be set incorrectly, often at the expense of the customer.

Experts allow a margin of error of 1 gram per kilo.According to Marc Le Parco, national coordinator of the verification campaign, was quoted as saying. The slightest irregularity can quickly take on dramatic proportions. Few grams of each product purchased and the financial impact is significant for the home … especially in times of crisis where some households are very fragile.

Cell specific investigation, however, that this dysfunction is not necessarily a desire to mislead the customer. In most cases this is due more to negligence because companies often delay their legal control instruments, or even eventually forget them. Initially, agents are content therefore to discipline professionals. A record is then written in the second offense.

Struggling to complete their funding, local authorities could smile again. Traveling in Indre-et-Loire, Prime Minister Francois Fillon said on Friday the release of three billion euros in loans to help local communities. "The funding needs of communities must be met to enable them to carry out their investments, said the Prime Minister. That's why I decided that the Deposit would set up a budget of three billion euros to fund loans to local authorities between now and the end of the year. "Pending the establishment of a new entity formed by the CDC and the Postal Bank, the Deposit will therefore over the funding of local authorities so far provided by the dismantling of which Dexia is accurate.

According to a survey conducted in September by several associations of elected representatives, many local authorities face difficulties in borrowing from banks. "This is almost systematic refusal when the community does not have long-term loans or do not wish to subscribe again," the study said adding that the banks argue the new Basel banking standards 3 with elected officials to justify the shortage cheap business cards.

These standards penalize long-term financing that are not backed by stable resources such as bank deposits. "Basically, this means that we can not lend unless the borrower has savings," noted a banker."Now communities spared nothing."

The device will be launched "based on that the government had set up in 2008 and had been able to satisfy the financing needs of communities at the time the bank has showed signs of drying up," said the Prime Minister.

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"The communities are grouped to borrow

Italy would not have sought help from China to overcome its problems of sovereign debt. So says the Tuesday evening Antonio Gentile, Italian Secretary of State for Economic Affairs. Contrary to information in the Financial Times that Rome would have asked Beijing to make significant repurchases of its sovereign debt, it says that "we have not requested any specific assistance to China. The demand for government securities is good Italian. "

Antonio Gentile and again the words of a member of the Italian government which emphasized on Monday night that the purchase of debt securities of the Italian state was not central to the negotiations which took place several weeks ago. While the Finance Minister Giulio Tremonti, as well as officials of the Cassa despositi e prestiti, met Lou Jiwei, the chairman of China Investment Corp (CIC), accompanied by a delegation in Rome.But "there is no extraordinary operation to purchase debt with China but only institutional meetings planned for a long time to evaluate investment opportunities in Italy, especially in industrial," said Secretary of state.

This meeting was on capital expenditure and not bonds, "provided later another government source.

Relief markets

In any case, the information had an immediate impact on equity markets. European shares closed Tuesday on a rebound, despite the conflicting information. Yesterday, the news sparked a dramatic rise of U.S. indexes, which ended the session up when they were, like all European markets, a sharp decline shortly before that information cash advance loans. Foreign exchange markets also reacted.The information has strengthened the euro, trading at 1.3692 dollar in the evening.

All stock indices around the world is indeed suspended at the least information related to the status of sovereign debt in the euro area. In fact, the fear of contagion shook the Greek market.

The tension remains strong. Italy fails to regain investor confidence on Tuesday and again, the Italian rates have soared in bond issues.

China has pledged to support the euro area

The assumption of support from China bound for the euro area is particularly taken seriously by the markets as the Central Bank of China recently said it was ready to support countries in difficulty to repay their debt.

Moreover, China has already come to the rescue of countries in the euro area in difficulties in recent months.In late May, Beijing had expressed its intention to purchase debt securities issued by the European Stability for Portugal. In January, China had purchased European titles for bail Ireland. And from the beginning of the crisis, China had come to the aid of Europe's sick of his debts. Earlier this year, the country had purchased bonds espagnolespour a hundred million. The Middle Kingdom is also committed to acquire Greek bonds

By helping the EU now, China is diversifying its investments in debt securities. In addition, the country is gaining leeway in future negotiations.

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MPs begin on Tuesday the review of the proposed supplementary budget, which includes measures of anti-deficit plan presented in late August. A risky period for the government, some measures of the plan is hotly contested in the majority.

After the removal last week of raising VAT on theme parks, the UMP president of the National Assembly, Bernard Accoyer, pleaded Tuesday morning in an interview with Les Echos, a lower threshold for taxation of high income. Those reporting more than 250,000 euros would be affected, while the government's plan was initially not as income of more than 500,000 euros.

"It's still very high level. I think this discussion will be debated in Parliament. I am at least favorable, "said Bernard Accoyer. A proposal that the government seems willing to consider instant credit report.Europe 1 this morning, the Minister of Economy, Baroin, said here that "it will be discussed in the budget for next year. We made a proposal, the debate is open. " This measure, however, should be discussed in October.

Remove the Consolidated Global Profit

The government and members of the majority, however, have already agreed on Monday to restore the deduction on real estate gains after 30 years of detention of property, excluding primary residence. To fund this measure, the budget minister, Valérie Pécresse, expressed on Tuesday on Canal + ready to tighten the tax on luxury hotels and large groups.

"Whatever the arrangements, relaxations or changes you make to a particular measure, it will have to be fully compensated," recalled the minister.

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 .

The script, well-functioning, truly does not leave room for surprise. Around the fall, Apple should introduce a new iPhone, the fifth. As with previous releases of the iPhone and those of the iPad, the clues and revelations follow one another in recent weeks, from subcontractors in Asia, analysts and industry sources "knowledgeable," cited by major U.S. media. Little to say as usual, Apple executives have so far been content to indicate that a transition to a "future product" was to be expected.

If Apple has not experienced such a mishap with the iPhone 4, a prototype of which was intercepted by a blog two months before the release, specifications are beginning to converge guaranteed cash advance.Manufacturers of accessories, which can get the dimensions of future Apple products under the seal of secrecy, expose already covers cut for the next iPhone. They suggest that the new model, greatly thinned, will include a screen bigger (about 4 inches instead of 3.5 inches), full width of the device. The back end up rounding the old iPhone, easier to handle.

Touch an area in place of the home button

Examples of covers for the next iPhone.

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.

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At Paris Air Show, Airbus steals record after record. While the European aircraft manufacturer has been a landmark order yesterday from the Indian carrier IndiGo, involving 180 Airbus A320 150 A320neo, a subsidiary of EADS could do better on Thursday. During the fourth day of the Paris Air Show, Boeing expected to announce the largest order in the history of civil aviation in the number of devices with 200 A320neo from Air Asia.

In addition, American Airlines is about to acquire from Airbus over 100 single-aisle A320 series, according to Bloomberg. The price of the order could amount to about $ 8.5 billion at list prices. These devices replace less efficient airplanes like the Boeing 757 and MD-80.This command would be a setback for Boeing since the company is usually the client U.S. aircraft manufacturer, Airbus' main competitor.

After its intention to buy A320neo, the airline GoAir Indian low cost has signed a firm order this morning for 72 medium-haul of its kind.

Since the beginning of the show, the success of the A320neo is undeniable: it should pass the milestone of 1000, just seven months after its commercial launch. Subsidiary of EADS has already exceeded its targets since was 500 A320 orders by the end of Bourget.

Other models also reap Airbus orders this Thursday

The A380 also encounter expressions of interest. Skymark Airlines has confirmed Thursday morning ordering two A380s.The amount of this additional order would reach at list price, $ 750 million.

In addition, Airbus hopes to get "a significant portion" of the large order that would formalize Air France-KLM this summer, said Thursday Fabrice Brégier, Chief Operating Officer of the European aircraft manufacturer. The French company could opt for the A350 model. "We believe that the A350 has advantages over the Boeing 787. For us to make to Air France-KLM, "commented the manager.

For now, the official death toll is over 700 orders and options, including 347 firm orders for Airbus in three days. The total amount of these orders, at list prices, at more than $ 65 billion.Boeing is so far below as the U.S. garnered 126 orders and options, including 61 farms, pour19 billion.

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The mood remains gloomy in the Paris Stock Exchange on Thursday. In the aftermath of a session that saw the CAC 40abandonner 1.49%, morale improved slightly with the release of U.S. indicators better than expected. In the afternoon, the Paris index erased some losses and ended down 0.38% to 3792.31 points after hitting a low of 3743.97 points.

The London Stock Exchange also ended lower, the FTSE-100 index lost 0.76% to 5698.81 points. The Frankfurt Dax finished down slightly from 0.07% to 7110.2 points.

This bad mood, which resulted in Wall Street and Asian markets this morning in the dark red, is mainly due to Greece. Indeed, the financial position and policy of the country bogged down.The special meeting of finance ministers has ended in failure Wednesday, Europeans failing to agree on the role of private creditors in the new rescue measures. Meanwhile, violent demonstrations took place in Parliament of the country, forcing the Prime Minister George Papandreou to announce a reshuffle of his government that is expected to announce on Thursday evening.

Decline in jobless claims across the Atlantic

In addition to Greece, the eyes were again turned to the United States Wednesday, the publication of disappointing statistics showed the weakness of the U.S. recovery, particularly in the industry.On Thursday, the news was, however, quite good: the new jobless claims have declined more than expected and the United States, where 414,000 benefit claims are submitted from June 5 to 11 – a decrease of 4% compared to last week.Analysts had expected 421,000 new registrations.

The housing starts and building permits issued in the United States are also rising again in May, increasing by 8.7% and 3.5%, according to figures released Thursday by the Commerce .

However, the deficit in the current account of the United States has widened in the first quarter to 119.3 billion against $ 112.2 billion the previous quarter, according to figures released Thursday by the Commerce Department.

Manufacturing activity declines in the Philadelphia area for the first time since September, said Thursday the U.S. central bank (Fed), whose local activity index fell to -7.7 against all odds, the lowest level since July 2009.

In the euro area, consumer prices rose 2.7% year on year, after 2.8% in April, according to a second estimate of Eurostat made similar to the first end of May.

On the currency side, the euro has stabilized against the dollar in late afternoon. Around 17:30 the European currency was worth 1.4166 dollars against 1.4182 dollars late Wednesday. In the morning, the euro has continued to fall weighed down by the Greek crisis, and fell to 1.4090 dollars, its lowest level for three weeks.

Values ​​to follow

Banking

French banking stocks are still under attack on Thursday. They are among the largest declines the CAC 40 business cards. Societe Generale lost 3.28% to 37.50 euros, Crédit Agricole loose 2.77% to 9.63 euros, BNP Paribas was down 2.20% to 50.17 euros. Axa Natixis and follow the trend with decreases of 3.60% to 14.60 euros and 1.37% to 3.45 euros.Dexia unscrews for its share of 4.56% to 2.15 euros.

Areva: -2.80% to 25.31 euros; Eramet: -1.83% to 217.50 euros

Luc Oursel, deputy CEO of Areva, is the favorite to replace Anne Lauvergeon at the head of French nuclear specialist, says the newspaper La Tribune.In addition, the group extended for six months its shareholders in companies with Eramet Sorame CEIR and representing the shareholders of the family Duvan.

Bull: -1.47% to 4.68 euros

The French computer group announced Thursday a plan to recruit a thousand employees for 2011, including 400 in France, mostly young graduates.

Sanofi: -0.92% to 51.43 euros

The group announced Thursday the signing of a research collaboration of two years with the Dutch biotechnology company Audion Therapeutics for the development of potential treatments for hearing loss.

EADS: + 0.65% to 21.53 euros

The low-cost Philippine Cebu Air said Thursday it had entered into a $ 3.8 billion with Airbus for an order for 30 A321s and seven A320s.

Renault: -1.16% to 36.27 euros

The Renault-Nissan is about to take control of Russian automaker AvtoVAZ, an acquisition that would propel the world's third largest, said Thursday the Japanese newspaper Nikkei.

L'Oreal: -1.18% to 84.39 euros

The businessman Stephane Courbit explained in a letter to Liliane Bettencourt why he wants to break the financial partnership that had just concluded the head of Lov group and the heir to L'Oreal.

Total: -0.58% to 37.52 euros

The tanker has completed its friendly takeover bid of about $ 1.3 billion over the American SunPower, a majority of shareholders of the company specialized in solar panels have agreed to tender their shares.

Eurosic: + 0.56% to 33.99 euros

Batipart, family holding company specializing in real estate, will launch a takeover bid for Eurosic in the coming weeks after the sale by Nexity and Banque Palatine of all of their shares in the specialist real estate office.

Vivendi: -0.22% to 18.13 euros

Between September and the summer of 2012, SFR will take the rays of the telephone 80 Fnac stores in France.

France Telecom: -0.49% to 14.21 euros

The operator said Wednesday it had issued 670 million euros maturing in 2019 and 2021.

Perno Ricard: -0.42% to 66.46 euros

The group announced Wednesday that its board had decided to pay an interim dividend of 67 cents per share.

After market, Zodiac Aerospace announce its third quarter revenues.

"CONTEST Estimate the Cac 40 in late June

Arnaud Lagardere is now the sole master on board of a subsidiary of sports rights and live shows, Lagardère Unlimited. Discreetly and after two years of wrestling with his bodyguards, the head of the Lagardère group has decided to dispose of Olivier and Stéphane Schindler Guiguet, numbers one and two sports. Two evictions, revealed by the website of the Nouvel Observateur and La Tribune, which is concomitant to that of Christophe Bouchet, the CEO of Sportfive sports rights agency and principal subsidiary of Lagardère Unlimited.

In 2006, Arnaud Lagardere has the intuition of the potential market for sports rights. He also knows that this activity requires a critical mass consistent. To quickly position, he must hit fast and hard. He does not hesitate to put on the table 865 million euros to acquire Sportfive, a leading market players.

In the process, it will expand this activity with the arrival in the lap of the group of players such as IEC in 2007 and World Sports Group in 2008, followed by the acquisition last year's Best (Blue Entertainment Sports Television) American expert in the representation of athletes and the purchase of 30% stake in the American academy of sports training Saddlebrook. Two operations to "several tens of millions of euros," he admits. Arnaud Lagardere, it is clear that the market for sport and entertainment is its future. "Sport is a market of 100 billion dollars", he still recalled when publishing the final results of the group.

Trading at European level

Aware after the time of acquisition is that of consolidation, it equips its assets in May 2010 of a new structure called the Unlimited, which succeeds Lagardère Sports.She becomes the equal of other major subsidiaries of the media and he becomes the president instead of his lieutenants.

But this tutorial is not enough to take off the activity. In 2010, its sales collapsed by 23% to 396 million and its losses amounted to 96 million euros. In defense of Arnaud Lagardere, new players with deep pockets is coming to the market beginning with the Gulf countries. In addition, the European Commission is considering changing the rules of trading rights to be bought at the European level rather than nationally. What sharpening a little more competition. For the entourage of Arnaud Lagardere, it is clear that to succeed we must therefore focus its resources on a few key disciplines such as football. The head of the Lagardère group has not given up "to be the world's number one sport in five years."