International & World Report

Renault management will be held accountable to employees disoriented and increasingly frustrated. "Since the beginning of this case, teams are troubled because management has never been able to bring the three elements that warrant dismissal. This is all that some people complained of enjoyed a genuine will on the human level, "said one of them. But today, when leaders make about face, the executives, who had to take over two months during the certainties of management, are extremely frustrated and worried. Their confidence in top management crumbles to the rhythm of press revelations, "he says.

"We're clearly not happy and we are asking more questions about how the investigation was conducted and how decisions were taken. In any case, what has been done does not match what we expect of our leaders.It's very shocking because it is a denial of our culture. These three frames were attached to the company, as I am and my colleagues, "says an executive from a different direction. Resentment towards the top of the company is palpable. "We welcome the decision to return the frames unfairly jeopardized if it is confirmed that this is the case.We demand further that meet at an earlier board special for Patrick Pelata and Carlos Ghosn, the two CEOs of the company, speak on this matter and take everyone with their responsibilities, " said Friday a representative of the CFE-CGC.

"Ghosn must take the consequences"

Patrick Pelata, number two in the group, who said in Le Figaro that if there was no case of espionage, he "will draw all the consequences," accusing eyes are now turning to Carlos Ghosn, CEO . "I think that employees would not understand that the CEO does not resign, especially since it does not have a capital of sympathy particularly high," said a third frame. Many people accuse him of having undermined the group."Carlos Ghosn said he expressed his certainty in the media to protect the company, but in reality, if all that is wrong, it will have destroyed our reputation by falsely accusing employees. It must draw the consequences, "adds the frame.

Employees also questioned the management style that would have resulted in these abuses. "If these three executives were sanctioned on the basis of the testimony of one person, it means that person's word is worth more than the employees, accuses Fabien Gache, central delegate of the CGT. We call for a thorough review of the organization Renault employees must be respected and listened again.Today, all decisions come from above. "

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This is another victory for Xavier Niel, the CEO of Iliad, the parent of the famous provider of Internet access Free. His group has announced this Thursday it managed to sign an agreement on the mobile second generation (2G) extended to the third generation (3G) and that "after a process of negotiating several months." Under this agreement, Free Mobile, the mobile phone subsidiary of the Iliad group that has battled for years for the fourth mobile license alongside incumbents (Orange, Bouygues, SFR), may rely on Network of Orange (France Telecom), to deploy its own services. One condition: to have covered with its own facilities at least 25% of the population before you can use those of its competitor.Free promised in the license obtained in 2010 to have its own network covering at least 90% of the population by 2018.

Surprise on 3G

This agreement is not a surprise, the Regulatory Authority for Electronic Communications and Posts (ARCEP) has already announced that Free Mobile would be entitled to national roaming on the 2G mobile network of an existing operator. But no question for Free not to include 3G in the future agreement, which allows the exchange of data in much better conditions than the 2G.

The fourth player of the future will indeed had not facilitated the negotiations with the three incumbents. Indeed difficult to accept to host a new entrant comes increased competition.Niel had denounced them fall ill will, and threatened to sue if they continued to show very receptive, especially 3G pay day loans.

So finally that Orange will be the "godfather" of Iliad in the deployment of its mobile telephony offer. Relief for Free for whom the extension of the Agreement in 3G roaming, was not guaranteed in terms of the license. It will allow Free Mobile to offer services more comfortable and more attractive offers to its subscribers, a crucial element for making market share.With this partnership, Free Mobile may therefore indeed launch 3G offerings covering over 97% of the country by early 2012.

One billion euros extra for Orange

Financial terms of the agreement, which covers a period of 6 years, have not been detailed, but the contract would provide Orange with additional sales of one billion euros, spread over the entire period agreement.

Moreover Maxime Lombardini, chief executive of the Iliad, confirmed the group's financial forecasts, namely investment of one billion euros for Free Mobile, and a balance before arrival at the same that Free Mobile reaches 10% market share. "Do not think that because we have homelessness, we will stop to deploy," said Maxime Lombardini. It has already commissioned the research, negotiation and construction of 5000 highs.And advance the deployment takes place properly, "he said.

At the Paris Bourse, the announcement has boosted Iliad, clinching the title with 5.75% to 10.30, to 85.38 euros as investors hailing an agreement that will hold its Free to schedule, namely a started its commercial offering in less than a year.

It is not on any official agenda, but a meeting to organize the French nuclear industry will go ahead on Monday at the Elysee. The Minister of Industry, Eric Besson, has indeed confirmed this morning on France 2 reports in the press, announcing today that Nicolas Sarkozy would chair the Council of nuclear policy, which he founded in 2008. "The only thing I can tell you is (this meeting) concerns the organization of the French nuclear industry, what has been called France's nuclear team," said Eric Besson on France 2.

According to La Tribune, a preparatory meeting was already held last Friday, bringing together around one table Lauvergeon, CEO of Areva, Henri Proglio, head of EDF, Gerard Mestrallet, head of GDF Suez Patrick Kron, CEO of Alstom, and Eric Besson Dipuo Elizabeth Peters, Minister of Energy of South Africa.The President of South Africa, Jacob Zuma will indeed soon be visiting Paris to talk about nuclear. The challenge for France is to develop a coherent strategy to deal foreign clients especially not to not repeat the failure of Abu Dhabi in December 2009 when the French had lost a huge contract for nuclear centarles, at least 20 billion deal to Koreans.

The TTY in focus

On Monday, participants should discuss in particular the strategic partnership between EDF and Areva. The decision to bring the two French energy giants was taken at the last council of nuclear policy in late July 2010 bad credit unsecured personal loans.According to unidentified sources quoted by La Tribune, the two companies involved do not share the same vision of the progress of the project: Areva, it says that "the agreement is ready in its broad lines" then for EDF, "there are still points of disagreement."

According to Les Echos, the discussion should revolve around one central question: "whether the combination of EDF reactor project at medium power, TDD, developed by Areva and its partner Mitsubishi Heavy Industries. Capacity reaches 1100 megawatts Atmea, against 1600 for the EPR.EDF could decide to take part in the cooperation on the TDD, or work on its own medium-power reactor with its Chinese partner CGNPC, or both at once.

Both companies should also discuss their mining strategy, including a possible investment from EDF in the mining division of Areva, whose valuation problem. As for GDF Suez, which wants to grow in importance in the French nuclear industry, the group should also focus on getting its game in the middle of negotiations.

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U.S. stock markets end up more or less sustained on Friday night. The Standard & Poor's 500 ahead by 0.19% to 1343.01 points, the Nasdaq 100 wins symbolically 0.08% at 2833.95 points. For its part the Dow Jones rises more frankly of 0.59% to 12,391.25 points.

Despite low volumes and a myriad of signs that rating is ripe for a correction, the Dow and the S & P-500 are of the highest in more than 30 months. The Nasdaq Composite him at the top for over three years. The S & P 500 is up 28% since early September and has doubled its level at the end of this week, compared to its low of March 2009, which represents the rebound 100% the fastest pace since the Great Depression .

The technical elements betray an overbought market but for weeks that the stock market defied expectations of a downturn, analysts arguing there is no shortage of investors willing to jump into the market at the slightest sign of weakness on the side for purchases on the cheap.

Investors, however, show a little worried after China announced the increase in reserve requirement ratio of its banks for the second time this year.A measure to fight against the abundance of liquidity in the economy and inflation and cons which always causes a little anxiety in the markets while China is one of the engines of global recovery.

Also note that the U.S. financial markets will be closed Monday.

The euro rebounded sharply against the dollar Friday, buoyed by renewed speculation about an early recovery of the rate of the European Central Bank (ECB) fueled by bullish about a board member of the institution. Around 15:00 to Paris, the euro bought 1.3646 dollars against 1.3605 dollars on Thursday night, the highest since a week.

On the macroeconomic front, there is no major indicator on the agenda of U.S. investors on Friday.However, the president of the Central Bank, Ben Bernanke, intervened in the G20 ministerial held in Paris, which are attended by Finance Ministers and Governors of Central Banks of the twenty richest countries in the world.

Bernanke defends monetary easing

The chairman of the Federal Reserve has defended the use in developed countries, the monetary easing measures, accused of causing the overheating market émergents.Selon Ben Bernanke, other factors such as the rigidity of exchange rates, themselves are also responsible for the monetary difficulties of developing countries.

He stressed however that if the difficulties of emerging markets are real, they are put into perspective. He said the influx of capital in developing economies also penalizes countries developed in the form of higher prices."The economic benefits work both ways. Thus, the increased demand in emerging markets has contributed significantly to recent increases delivery of raw materials in the world. "

However, rising food prices and energy that raised fears of higher inflation worldwide, brings many central banks to consider measures of monetary tightening to keep the economic recovery.

Apple in the viewfinder of antitrust authorities

DuPont – 4.75% to 24.05 dollars

The side of values, the giant U.S. chemical DuPont Friday extended its offer until April 1 friendly takeover of Danish group Danisco citing a need for more time to collect the green light from the European and Chinese Competition .The takeover bid of 6.3 billion dollars was announced Jan. 9, and then formally launched on January 21 last, was originally scheduled to end Feb. 22, but several major shareholders of Danisco said in recent weeks that they could reject the offer or they demanded a higher price.

Apple: -0.01% to 350.52 dollars

Antitrust authorities in the United States began to look at the online subscription service that Apple has just proposed to the media wishing to sell their products online, reported Thursday the Wall Street Journal. The U.S. computer maker Apple has unveiled Tuesday a long awaited subscription services online to various media (newspapers, music, videos), a new source of revenue for content publishers who rely increasingly on mobile devices. Apple imposes several conditions to the media who wish to include in its catalog.Offers and Promotions including subscriptions should be made "at a price less than or equal" to that newspaper sites, record companies and studios involved.

Wednesday is the U.S. internet group Google (+0.77% to 630.08 dollars), which launched its service in seven countries selling online for newspaper publishers, which it offers a platform where they will sell subscriptions and articles for unity, for a fee of around 10%.

BP: -0.40%, to 47.91 dollars

BP, listed on Wall Street was pinned by the committee of inquiry set up by the White House. According to the commission, the worst oil spill in U.S. history could have been avoided if officials had better BP considered a key test showing the vulnerability of the well.The commission was charged with investigating the causes of the explosion April 20, 2010 Deepwater Horizon platform, operated by BP, and wells that Macondo was by 1,500 meters. The disaster had killed 11 people in three months and dumped more than four million barrels of oil in the Gulf of Mexico. The report focuses particularly poor trunk strength in cement wells installed by Halliburton and a key test conducted on this structure shortly before the disaster and that would have alarmed officials of BP.

NYSE Euronext: 2.22%, to 37.80 dollars

Defeat Global Markets, an alternative platform for trading of shares based in the United States, would be close to an agreement to buy Chi-X Europe, a transaction in shares of more than $ 300 million (220 million euros) said sources close to Defeat Reuters.Both groups are in exclusive talks since December. This new merger comes as the landscape of global stock markets will change with the announcement of the merger of NYSE Euronext and Deutsche Boerse and the London Stock Exchange (LSE) and the Canadian TMX.

Genzyme: 0.12%, to 75.36 dollars

The rating agency Moody's Investors Service announced Friday it had deteriorated by one notch to "A1" to "A2", note the long-term debt of Sanofi-Aventis after the announcement by the French of a agreement to purchase more than $ 20 billion of American society Genzyme.At 15:00 in Paris, Sanofi-Aventis was down 1.30%, 50.69 euros.

Intuit: 7.28%, to 54.11 dollars

Intuit, the accounting software, announced after the close of Wall Street have in the second quarter 2010/2011 adjusted earnings per share of 0.32 dollars against 0.31 dollars expected. The turnover reached 878 million dollars against 837 million a year earlier.

Nordstrom: 0.95%, to 46.92 dollars

Also after market, Nordstrom reported fourth quarter earnings per share of $ 1.04 against 1 dollar and an expected turnover of 2.82 billion dollars against 2.87 billion expected.

Also note, the start-up specializing in viral games, Zynga is in advanced talks with U.S. funds Rowe Price and Fidelity Investments for an investment of 250 million.The deal could value the start-to ten billion dollars and prepare for a possible initial public offering early next year.

After a successful meeting on Monday, Asian stock markets operate in an uncoordinated Tuesday.

The Nikkei 225 Index moves slightly, gaining 0.21% to 10,747.80 points. And this, although the Bank of Japan left its key rate unchanged at between 0% and 0.1%, and especially it has improved its assessment of the Japanese economy, considered "in gradual recovery."

In China, financial markets reacted differently to the announcement of renewed inflation in the country in January of the Middle Kingdom. The CSI 300 Index climbed 0.80% Shanghai at 3244.85 points, while the Hang Seng Index in Hong Kong was down 0.45% to 23,016.50 points. After declining slightly in December to 4.6% (against 5.1% in November), inflation in China amounted to 4.9% in January over a year, a figure but below analysts' expectations ( 5.4% price increase)."Overall, inflationary pressure remains very high", told AFP Yao Wei, an economist at Societe Generale in Hong Kong based. He added: "The Chinese economy remains generally overheated."

Fusion Singapore and Sydney: changes to the draft

Scholarships Singapore and Sydney are declining. The FTSE Straits Times Index lost 0.63% to 3084.84 points and the S & P / ASX 200 Index 0.10% to loose 4931 points. Both financial centers announced Tuesday they would change their merger, with the same number of representatives in Singapore and Sydney on the board.Initially, eleven members of Singapore and four in Sydney were planned.

The TAIEX Taiwan Stock Exchange Index gained 0.42% in Taiwan to 8721.93 points, while the KRX 100 Index yields 0.44% from Seoul to 4270.55 points and the BSE Sensex 30 Index to loose 0.71% 18,072.60 points.

Crude prices were up Tuesday in electronic trading in Asia, still supported by instability in the Middle East and North Africa and strong demand in China, analysts said. In morning trading, a barrel of light sweet crude for March delivery gained 24 cents to 85.05 dollars. That of Brent North Sea crude for April delivery took 13 cents to 103.21 dollars.

Between Free and SFR, the battle increases. Free had scored a point in December by making free calls to mobile subscribers of its new internet box "Revolution." Today, SFR reply: French number two mobile will include effective January 18 calls to mobiles in the package of its new unlimited internet box "Evolution", as revealed last night the Twitter site specializing N9ws online payday loans.

It remains to be seen whether Orange will follow suit. For even if the price of calls from fixed to mobile has dropped, they remain an important item in the invoice, sensitive to the subscriber. SFR, which gained 329,000 new subscribers in the first nine months 2010, hopes to continue to lead the race.

New funding rules for the purchase of aircraft will be introduced from 1 February. They involve the use of "export credit, export credit insurance provided by the State to airlines to buy planes via specific organisms (Coface in France, Germany Euler, Exim Bank in the United States …). At the heart of the crisis, this device particularly attractive to airlines had come to represent up to 40% of aircraft deliveries for Airbus and Boeing.

On Wednesday, negotiations have been ongoing for more than six months between five major international actors (USA, EU, Japan, Brazil and Canada) eventually succeed. Christine Lagarde, Minister of Economy, it is welcomed.She notes that "this new regulatory framework takes into account the interests of the European manufacturer Airbus will continue to benefit from the security of States in respect of a portion of its exports and will be submitted by way of funding the same rules as its rival Boeing."

The new agreement provides, first, that companies will have equal access to this system for buying jumbo or regional aircraft. Then the level of insurance premium credit will be raised to approach the level of the debt market. It is also anticipated that the rates may be adjusted quarterly to correspond better to the changing financial markets fast payday loan no faxing. And premium rates charged to date for the purchase of large aircraft hovered around 4 to 8%.Will increase to a range of 8-15%.

Transitional period until end 2012

Orders placed at the beginning of 2011 fit into this new framework. A transitional period will apply to orders made before. These will benefit from the former regime until late 2012. Another transitional period for purchases made before 2007 aircraft: 69 Airbus and 69 Boeing (mostly B787 and A380) and are in the pipeline.

One may wonder if the export credit in these conditions remains a funding interesting. He is certainly in times of crisis.Companies have used massively in 2009 as the number of aircraft ordered through this system increased from 20% in normal times to 40%.

However the problem of "home market rule, a rule that domestic companies to aircraft manufacturers may not benefit from export credit – U.S. companies but also companies with French, German, Spanish and British and Canadian now – is the subject to separate negotiation. This should take another few weeks …

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Saffron is not discouraged. The equipment manufacturer specializing in the aerospace industry is trying every means to unite with the Zodiac Group. Repeatedly rebuffed by his counterpart, Saffron now plans to use force and to make a hostile takeover of Zodiac.

Asked by a small group of reporters at Airshow China in Zhuhai, the chief executive of Safran, Jean-Paul Herteman, said that launching a hostile takeover of Zodiac is a "theoretical possibility". The officer added that the move to action requires further consideration but that the issue should be resolved "shortly".

A spurned suitor already

Bold, the aerospace group had already proposed to Zodiac this summer to initiate discussions in an informal way, in vain. The offer was rejected by the supervisory board of Zodiac Aerospace July 6 payday loans no teletrack.

But Safran remains convinced of the industrial and strategic rapprochement with Zodiac. Jean-Paul Herteman said that it would improve the approximation Safran position in a market, that of aerospace subcontracting, marked by a strong fragmentation of suppliers.

The analysts are more circumspect them. They highlight a lack of synergies between the two groups. While both companies operate in the aerospace sector, their scope of activity is quite different. One, Zodiac, is known for its seats and cabin interior equipment since it has sold its branch of inflatable boats. Safran is on his side, facing the main building of aircraft engines.

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Very few consumers are now able to clearly define what "biodegradable" or specify under what conditions a non-food product can be presented as "organic." And yet the manufacturers do not hesitate to adorn themselves with multiple environmental virtues to sell their products. To better inform buyers and also to provide manufacturers with clear definitions, Herve Novelli and Chantal Jouanno just launched a handy guide devoted to "environmental claims". Ecology requires the specification will be mostly available on the Internet, the site of the National Consumer Council which has done.

We learn that "natural" product must contain at least 95% natural ingredients, that is to say, having undergone little change relative to their original state.As for the characteristics of certain products, if they result from regulatory requirements will specify the manufacturer. For example, varnishes are submitted since 1 January to new levels of emissions of volatile organic compounds. If a producer wants to indicate on the packaging of a reduced-VOC, it should add the words "in accordance with existing regulations."Similarly, the indication "without substance X" should not be used if the substance is banned for the product in question (eg phosphates in detergents) or no longer used by any company .

"Informing is the first step towards sustainable consumption," says Chantal Jouanno, and this guide should also secure the consumer to distinguish the truly green products. "Intended primarily for consumers this guide will be distributed in retail chains for s ensure that products comply with its recommendations. For his part DGCCRF be responsible to control the reality of ecological virtues highlighted and disciplined if necessary.

If the interest of this kind of guide is undeniable, his achievement is more surprising.These are indeed as "the first volume of this guide, eight other definitions to be tabled soon in the second. Official explanation: the development of texts takes time and it is important to progress gradually. Treacherous, some bad language involved in the project argue that its sponsors had particularly wanted to leave a trace of the work done before the government reshuffle. Without much success: Hervé Novelli finally left the government while Chantal Jouanno if it is promoted minister, is now caring for Sport and either of Ecology.

The Paris Bourse should not escape the weakness in global equity markets. Investors have gasped in anticipation of the mid-term elections in the United States (verdict in the night from Tuesday to Wednesday) and especially the outcome of the meeting of the Fed, which will publish a statement on Wednesday evening, detailing the pace and extent of monetary easing decided.

Yesterday, Monday, the CAC 40 has scraped a few points, while Wall Street has ended the hesitation and Asian stock markets have not even responded to the new surprise increase in interest rates in Australia.India has also tightened monetary policy on Tuesday.

On Tuesday, the CAC 40 index futures are predicting an opening decline of 0.34%.

The automotive sector is in sight on Tuesday

In France, at noon, the Committee of French Automobile (CCFA) will unveil the car market figures for the month of October.For the first time since the beginning of the year, an annual decline that should be recorded in the range of -1%.

At the same time, investors will take note of turnover in industry and construction in August and one in the wholesale and various business services, retail trade and personal services online pay day loans.

From this Tuesday through Thursday, the member countries of OPEC (Organization of Petroleum Exporting Countries) meet.

Areva close to 3 billion contract

The French nuclear group is expected to sign a contract for delivery of uranium worth three billion dollars with the Chinese utility CGNPC, during the visit of Hu Jintao in France at the end of the week, writes Les Echos in its Tuesday edition.

Altran will publish its sales on Tuesday morning.CAM will unveil his own tonight after the close of trading.

To be continued again this Tuesday, the shares Belvedere: the parent of Marie Brizard sells U.S. subsidiary to pay its debts. The Exchange has amply demonstrated his enthusiasm Jundi.

Vivendi also monitor, which remained the laggard of the CAC 40 index throughout the session Monday.