International & World Report

Jean-Marc Tassetto, general manager consumer marketing at SFR and as executive committee member of SFR, would be on the start, after 13 years at number two in the French mobile phone.

It is in talks with CanalSat, another subsidiary of Vivendi and Vodafone, another shareholder in SFR payday loan . Still on the front of the stage in Las Vegas in January to promote the partnership agreement with Palm, Jean-Marc Tassetto was the main architect of marketing coups of SFR.

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

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

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

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

Values follow

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

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

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

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

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

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

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

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

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

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

20% of capital for tax

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

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

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The Committee approved the December 8 and 9 "advisory for a package of proposals to strengthen regulation of capital and liquidity with the objective of strengthening the banking sector," he said in a statement.

These measures will "respond to the lessons of the crisis in the regulation, supervision and risk management of banks," said the committee.

The proposals for capital and liquidity will strengthen the banks and create a financial banking system and healthier, "said the chairman, Nout Wellink, who is also president of the Dutch Central Bank.

It is, however, that a "consultation document" and not a final text, recalled Wednesday a spokesman of the Bank for International Settlements (BIS) in Basel, including hosting meetings.

The 27 "wise men" had already announced in early July an increase of Basel II, introduced in 2004 and requiring banks with a capital ratio weighted overall risk incurred by financial institutions.

Avoiding a new "Lehman Brothers"

To avoid the disastrous consequences of a new financial crisis including the collapse of financial institutions of systemic importance, as the bankruptcy of U.S. bank Lehman Brothers in September 2008, the Basel Committee grilled for several months on a building rules governing the banking sector.

In his new proposals, the committee wants to strengthen the quality and transparency of the core capital Tier 1 (core capital of a bank), allowing institutions to better absorb potential losses.

He also wants to improve the level of capital to protect facilities including activities on derivatives and repos (repos).

Debt ratio

Banks should also establish a ratio of debt to contain their debt, financial buffers to cope with difficult situations and a minimum level of liquidity.

The impact of these measures on the sector should be analyzed in the first half of 2010 with the aim to introduce by the end of 2012.

The committee, founded in 1974 and composed of the governors of 27 central banks worldwide, "will ensure that the implementation of new standards is consistent with the financial market stability and sustainable economic growth," assured Nout Wellink.

Central bankers also want to introduce a period of tolerance and accompanying measures "for a period sufficiently long to allow a smooth transition to new standards.

Since its acquisition in October 2008, the integration of Fortis was one of the great challenges of BNP Paribas. The statement released Tuesday by the French group reported cost reductions and gains from its synergies with Fortis. It is thus subject to 900 million euros in annual synergies in 2012 (against 500 million originally anticipated) and a rate of return on invested capital above 20% from 2010. The bank confirms the same time as the acquisition of Fortis will be accretive from 2010, which promises an improvement in earnings per share and 8.5% in 2012.

"These synergies are the consideration of restructuring costs estimated at 1.3 billion euros over the 2009-2011 period," says BNP Paribas, said in the same time does not predict massive forced departures at Fortis."The downsizing comes mainly from natural wastage or voluntary," says she.

The group finally confirmed in a statement to the number one place for deposits in the euro area continued to buy banking operations of Fortis.

The Belgian banking group Fortis, fully involved in the subprime crisis, was acquired by BNP Paribas when he was on the brink of bankruptcy in October 2008, barely supported by governments. This acquisition led to months of negotiations and court battles. BNP has acquired 75% of banking and 25% of Fortis Insurance, becoming the first bank in the euro area term bank deposits.

The title BNP Paribas, built in the CAC40 index at the Paris bourse, gained 2.40% to 56.31 euros to 10.30.

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