This morning, the spread between government securities, french and German, that reference in the euro area, has reached a new record since the inception of the euro with an increase of 8 basis points (bps ) to 173 bps.

In Italy, Prime Minister Mario Monti called for a short time to market his team to form and implement a program, which will contain "sacrifices cash advance." For its part, the new Prime Minister of Greece, Lucas Papademos, assured that the implementation of decisions taken at the top of the euro area on October 27 would be the "main task" of the new government, preventing the Greeks from one period difficult. He has said the country's public deficit in 2011 will be reduced "at around 9%" of GDP.

This morning, the euro continued its decline against the greenback. The single currency is dollar 1.3583 (-0.29%) in morning trading. The small increase in oil is: a barrel of "light sweet crude" for December delivery gained 8 cents to 98.22 dollars a barrel while Brent North Sea crude for December delivery took 44 cents to 112.33 dollars .

This year, the investment return to a little more frankly. "Although the number of transmissions is lower than before the crisis, the situation improves significantly," says Thierry Million, director of studies of Altares. And with it, the price of the business, which increased by 1.7% over last year to 179,033 euros on average. "The funds transferred in early 2011, which have weathered the crisis, have negotiated more favorable," notes the group.Evidence that most of the times for low-cost funds, however, the median price remained stable at 80,000 euros.

A craze for camping

Like last year, it's the pharmacies that are the most expensive. On average, a pharmacy is minting 1.2 million euros in the first half. In the hit parade of goodwill the most expensive, campsites are in second place. Their prices as the number of transactions continue to climb (30% in first half!), Driven by the success and growth of high-end structures. "The development of chalets and mobile homes on campsites has changed the situation, says Thierry Million no fax payday loan. The price of the stock in trade is also pulled upward by large campground owners, who can afford to invest. " A 378,000 euros Camping on average, their prices now exceed those of the hotels.

Among the funds that are most sold early this year, are also leading bakeries and taverns. A sign that these businesses are particularly effective? "No, fixes the director of studies. It is even the contrary, because the margins are ultimately less important than had been anticipated that buyers turn goodwill as every five years. These traders often try to sell before we get into bankruptcy, to save the furniture ".

Outlook bleak

The second part of the year will be under less auspicious. The economic downturn and the growing reluctance of banks to lend money should help to slow the recovery of transmission of a business, driving prices back down. "A peak was reached.The average price should not exceed 180,000 euros, "Judge Thierry Million. A decline in transactions detrimental to the economy, which would inevitably impact on employment. "The resumption of a stock in trade is the transfer of customers, know-how, but also employees. A butcher, a hairdresser that close, many jobs are destroyed, "warns Thierry Million.

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Banks 'traditional' is the Postal Bank which offers the lowest rates with an average annual cost of 73 euros, ahead of Caisse d'Epargne Ile-de-France (83 euros) and Societe Generale (93 euros ). Bringing up the rear, there is Crédit Mutuel Ile-de-France (133 euros) and CIC (140 euros). But the banks 'traditional' remain far behind online banking, according to the survey published in the journal business cards.Including ING Direct, which continues to lead but the price of the basket of basic services is no longer free but is 10 euros.

To perform its study, the magazine wrote a basket of ten banking services under the Act Lagarde. It includes an international payment card with deferred debit, the new edition of the code card, a transfer to another bank, the blocking of a check, looking for an archived document for over a year, account management on the Internet and any account maintenance fees.

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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The day before, the index featuring New York has sold more than 1%, as the S & P, while the Nasdaq limited its losses – 0.78%. Investors signaled their disappointment and after the speech of the President of the Federal Reserve (Fed), Ben Bernanke. He did, in fact, made no indication as to potential nudges the Monetary Policy Committee of the U.S. central bank might decide to implement after the meeting scheduled for September 20 and 21.The banking sector fell sharply on Thursday on Wall Street, precisely because of this lack of detail.

The dollar has him down after another long-awaited announcement yesterday, but came after the close: the stimulus of employment. Announced Thursday by U.S. President Barack Obama, it reached 447 billion against $ 300 billion anticipated by the markets. Its effect on Wall Street, however, could be mixed, most investors expecting the Republicans in Congress, then block its adoption.

Market analysts estimate IG still that "the optimists seem to want to return to the market," leaving hope of eventually positive impact on Obama's plan investor sentiment. The question is whether this will play starting this weekend or delayed. Meanwhile, European stock markets were on the downside.Bank stocks were particularly exacerbated their losses after the remarks of Christine Lagarde, Executive Director of the IMF, stressed the urgent need for additional capital banks.Investors also follow closely the discussions of the G7 Finance, met for two days in Europe in Marseille.

Another item, from China, could also help to soothe, on both sides of the Atlantic: Inflation has indeed slowed in China in August, which removes the fear that Beijing tighten monetary policy payday loans direct lenders.

This Friday, Wall Street, the macroeconomic agenda will be relatively light, only a first estimate of consumer confidence from the University of Michigan for the month of September is indeed expected.

Threats to jobs at Bank of America

On the corporate side, no major publication was in sight Friday.

The job cuts planned by the management of Bank of America (BofA) as part of its restructuring plan could affect 40,000 people, said Friday the Wall Street Journal Online, citing sources familiar with the matter. The group identified on 30 June nearly 288,000 employees. So far, estimates of job losses were around 30,000, while many banks worldwide have announced significant staff reductions. These reductions would occur as part of an extensive research program savings called "Project LAC", the acronym by which exchanged the title of the institution to the New York Stock Exchange.

Texas Instruments, however, could respond after a warning issued Thursday night on its third quarter results, citing a decline in demand for semiconductors. IT had already warned in July that the current quarter would be modest.The group emphasized that this time the request had deteriorated to "a wide range of products, markets." The manufacturer of components that go particularly in the manufacture of mobile phones and automotive electronics, said now anticipate earnings per share between 56 cents and 60 against a previous range stretching from 55 to 65 cents.

Finally, according to The New York Times on Thursday, U.S. regulators are close to agreement with the mortgage giants Fannie Mae and Freddie Mac, about their role in the crisis of 2008.

The member was itself inspired by an actual case that occurred recently in his constituency. Badoit employees have offered 170 days of RTT to one of them to accompany her to the end of a child with liver cancer. A single gesture of solidarity was observed in April in the automotive supplier Fuji Autotech in the Doubs, in favor of an employee whose husband was suffering from lymphoma. Or at Merial, a subsidiary of Sanofi, which has even signed a collective agreement on this.

Company agreements

For now, no text did not mention the possibility of offering shorter working week, days off or recovery. This practice was not illegal as long. Spontaneous, it has developed on the basis of agreements between employees and employer, which is responsible for the holidays. "The agreements allow the company to implement virtually any provision not prohibited by the labor code," says Eric Rocheblave, lawyer office.

Thus the employees of Adixen in Annecy, could pay back all of their Christmas bonus for interim company, who did not have touched before fast cash now. Or that Renault executives have, by sacrificing RTT make ends months of Workers' group, one time forced to short.

Few dispute

But if an agreement is simple enough to offer its RTT, why, then, legislate? The bill appears to meet two objectives. First draw the attention of public opinion on a new form of solidarity. Then make sure to prevent abuses that could result.

Thus the proposed text, which focuses only on the donations bound for parents whose child is "gravely ill," says that the agreement required the employee donor such as his employer. "To the extent that these initiatives are based on agreements, litigation is rare. For now, it is even nonexistent, "Eric Rocheblave nuance. Already signed by 136 MPs, Paul Salen, interviewed Thursday morning in Les Echos, has high hopes to push through the text before the next presidential election.

"YOUR OPINION – Do you agree with the initiative of offering their employees days off? Would you be willing to do the same for a colleague? Share your thoughts and experience in the comments below or by email at temoin@lefigaro.fr.

Again, the problems of sovereign debt in Europe have focused attention. Greece plans to expand its exchange program to include obligations of the securities in the longer term, which penalizes first private creditors. As the European markets, particularly the banking sector has been attacked in the image of Bank of America (-9.87%), Citigroup (-8.49%), Goldman Sachs (-7.76%), Morgan Stanley (-7.52%), Wells Fargo (-6.17%) and JP Morgan Chase (-6.13%).

In addition, rumors of worsening debt rating by a French rating agency have affected investors. "These rumors are totally unfounded and the three agencies Standard and Poor's, Fitch and Moody's have confirmed that there was no risk of degradation," however, said the entourage of the French finance minister, Baroin.

"At this stage, investors dizzy," says Oliver Pursche, president of Gary Goldberg Financial Services.

Fear of a recession

In addition, operators are even very concerned about the state of the U.S. economy. Yesterday, the world stock markets have overreacted, and positive against all odds, to about the Fed. This has indeed ensured that it would maintain its rates at a historical low, and until mid-2013 to support the economy.Oil stocks have fallen dramatically and unexpectedly last week in the U.S., according to figures released by the U.S. Department of Energy. Crude inventories fell 5.2 million barrels to 349.8 million barrels in the week ended August 5. Analysts polled by Dow Jones Newswires had forecast the contrary, an increase of 1.1 million barrels.

Note that the budget deficit of the United States continued to fall in July for the fourth consecutive month according to figures released Wednesday by the Treasury Department.The action even reached 10.36 dollars during the session, the lowest price ever since the split with Time Warner in 2009.

Facebook on Tuesday launched a new application for mobile phones iPhone (Apple) and those equipped with the Android operating system (Google) to send messages to his "friends" on social networking, but also to other contacts. Called "Messenger", the application can send both text messages (SMS) and email.

Apple (-2.76% to 363.69 dollars) briefly delighted, yesterday, Exxon Mobil (-4.59% to 67.90 dollars), its position as the first market capitalization.

The decline in Internet Explorer due to "the rise of the main browsers used to smartphones and Internet tablets, Google Chrome (Android) and Apple Safari, in connection with the deployment of these terminals to the consultation of Internet in mobility, "said the research institute.

Windows 7 Phone does not pierce

The iPhone and the Apple iPad, the plethora of smartphones and tablets that use the Android operating system Google's take on a dominant role. In addition, "their browsers are installed on more PCs and Macintosh bad credit personal loan lenders. The share of smartphones and tablets only 3% of total visits, "said Franck Si-Hassen, Managing Director of Médiamétrie-eStat.

In smartphones, Windows 7 Phone Microsoft does not pierce.Its agreement with Nokia should be realized only at the end of the year. As for the shelves, Microsoft is still not widely. Thus, in the first half, the browser of Google increased its share of visits of 3.6 points (16.1%) and that Apple has increased its fourth place in France (up 1.3 points to 8.3%).

Finally, the Firefox browser, Mozilla Foundation, consolidated its second position in France, with 29.6% of visits, up 0.5 points over the period. 4 and 5 versions of Firefox have recently been launched. Innovations made necessary to generate financial resources related to the use of Firefox and "clicks" of Internet users.With 400 million users worldwide, the Mozilla Foundation generates a turnover of 100 million dollars a year, most of which is paid by Google.

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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.

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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