International Headlines and Stories

In February, the U.S. bank Citigroup has taken to turn control of the record. Prior to announcing its sale in June, immediately arousing the interest of Universal.

Negotiations between the two partners have stumbled on the issue of management of pension costs. The agreement could finally be announced early next week fast cash online. But sources familiar with the FT interviewed by the warning that the agreement can still be challenged by a cons-bid Access Industries, owner of Warner Music.

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One of the smartest ways in which you can search for low priced insurance covers for your vehicle is through online aggregator sites or independent sites for car insurance. In other words, the Internet is the best avenue for cheap price car insurance quotes.

The markets are down conviction Thursday. The CAC 40 fell by more than 2% in early trade then turned around, earning up to 1% in the morning. But mid-term is a reluctance to wait still dominates, the benchmark index of the Paris Bourse advancing 0.8% to 3099.48 points. The day before, the CAC 40 lost 2.17% to below 3100 points.

As on Wall Street and Asian stock markets, doubt seized investors, who are now considering the worst: a contagion of debt in the eurozone. With the center of these concerns, the situation in Italy, including the implementation of austerity measures remains uncertain. The announcement yesterday of the upcoming departure of Italian Prime Minister Silvio Berlusconi has in fact added to the uncertainty, as evidenced by soaring rates in ten years the Italian Treasury payday loan.Interest rates at one year paid by the Italian Treasury this morning reached a new record during a test program.

The concerns of the operators in the financial markets move increasingly towards France. This morning, the rates of French government bonds to ten years has exceeded 3.30%.

Unison concerns of investors, Brussels found the Italian debt situation "very worrying". Ditto for the International Monetary Fund: its director Christine Lagarde said today that "lack of political clarity" in Italy supplied the uncertainties, according to Reuters.

The tax. It scares some, who left France for tax heavens warmer (Switzerland in the lead). It works the other. The French tax system is so dense that the understanding, and around, held for hours and other estate planning tax, paid to find clever editing which will reduce the tax bill their customers.

The tax is also debate. Political issue, it will be based on the outcome of presidential elections next year. But whatever the future tenant of the Elysee, the necessary fiscal consolidation will make more bitter potion tax in France and elsewhere. This fall, several large employers, Maurice Levy (Publicis) to head, seized of the matter, declaring themselves willing to pay more, in the wake of U.S. financial guru Warren Buffet.Went to war for the tax to China with Bill Gates, the investors have called "the sage of Omaha" and admits that pay less tax proportionately than his secretary did not meet with success expected in the Middle Kingdom.

Tax loopholes less generous

In some banks, asset management, however, we feel that the climate is changing. Faced with the country's debt, attitudes are changing. "Taxes will go up, most of our customers are aware of, said Philippe Vayssettes, the president of the bank Neuflize OBC. The crisis has raised awareness to wealthy clients need to solve the problem of public finances, and his reactions to the tax increases are less epidermal few years ago.Many say they would pay more taxes, but only if the load is evenly distributed and that addresses the spending. "

France, in recent years sought to rebalance the tax burden on labor and the heritage. And tax loopholes were made less generous. Yet the French are addicted to the means to reduce their taxes. "Everyone is struggling to pay less tax, but push the system too far is destructive of social cohesion," says Mathilde Lemoine, director of economic research and market strategy of HSBC France. Investors rushed last year on investment in rental real estate law Scellier, which allowed them (for investments made in 2010) to obtain a tax reduction equal to 25% of their implementation, a limit of 300,000 euros.This year, the percentage of tax reduction increased to 22% for purchases in buildings BBC (low power) and uncertainty hovered for months about the future of the device. Result, the French have been slow to invest. The ax has fallen at the presentation of the Finance Act 2012: tax reduction Scellier expected to increase to 18% next year. Individuals tempted by a real estate transaction in the nine have a vested interest to act quickly if they want the rate of 22%, although an amendment could, if adopted, to take into account the sales agreement and not just the final act signed before the end of the year.Better yet avoid precipitation because tax savings does not always mean good business.

Before embarking on an operation of tax exemption must make an effort not to be blinded by the tax sirens and see the economic benefit of investment. And its output. With these precautions taken, why not kill two birds with one stone? Build wealth, comfort and reduce the income tax it will pay next year. For this, we need to invest before the end of the year. The tax paid in 2012 will focus on the income received this year. So it also charges, expenses and investments made in 2011 that will reduce the tax liability next year.

Individuals familiar with the outline of the 2012 budget, a few caveats about. We must also wait for the vote of the National Assembly and Senate to get the specific details of the measurements.On some points, arrangements are already being considered. The slowdown in growth means fewer tax revenues, will require to find recipes. The tax may be more severe in the coming years and levers to reduce fewer. One more reason to enjoy the levers that exist today.

Avoid the pitfalls of tax exemption

But the string of investments and existing mechanisms, it is often difficult to find your way. The folder you now offers Le Figaro Magazine, with the teams of the Particular (group Figaro), is designed to help you reduce the tax burden without falling into the pitfalls of tax exemption.So we sifted through real estate investments, financial products, including FIP, the FCIC and Sofica and investment overseas and work to achieve in its housing, which can afford to pay less tax next year, whether the income tax or, in some cases (direct investment in SMEs, gifts, etc..), the ISF. And to reduce taxation intelligently, we give you other ways to reduce the tax burden, such as investing in the forest or going into debt. Have a ball. –

Limit spending to curb the increase in taxes

We too often forget: you pay taxes to finance public spending. One way to limit the tax increase is to reduce them. It will do so, and ask what the costs really useful, "said Mathilde Lemoine.In a report last July, the Economic Analysis Council considers necessary and tax reform advocates an overhaul of the system of tax loopholes. To restore confidence in the fairness of our tax system, he advises to "better link the tax to ability to pay."But he warned: "To encourage investment guess you do not make the mistake in the name of the simplification of our tax system, a confiscatory taxation of capital income." Fiscal policy is a delicate, because ultimately, too many taxes kill taxes.

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1 – Choosing to let investment in direct

2 – Diversify investments with the stone paper

3 – New Development with French SMEs

4 – Focus on non-listed companies with the FIP and FCPI

5 – Acquire shares Sofica and finance the film

6 – Investing overseas with the industrial Girardin

7 – To carry out work for Energy

It's a funny for that women's football. Originally included in the most prestigious prizes for men and hopes, the TV rights specialists on women's football is becoming the subject of a separate market. Direct 8, the DTT channel created by the Bolloré Group and is currently being acquired by Canal +, made the nice observation. "In 2007, Yannick Bolloré has decided to change our schedule to that of a general channel, explains Thierry Cheleman, Director of Sports Direct 8. Implying sports programs. " Although too small to address the sporting rights of the men's national team, then put Direct 8 on the lower category. "At the time, the French Football Federation (FFF) launched a tender for the national championship and hopes, the director continues.This lot also included the TV rights of the Women's Team France until 2014, for which we are therefore committed to broadcast three games a year. "

Public expectations for the beautiful game

Bingo. More than blueberries (or hopes), the girls create the surprise sport in 2009 and 2010 during the qualifying matches in the Women's World Cup 2011. Helping performance, each game attracts between 300,000 and 400,000 viewers on TNT channel, reaching over 700,000 fans August 25, 2009, for the first prime-time (France / Serbia).

Rebelote in 2011. Building on this success for the Hearing, Direct 8 means in effect in 2010 with Eurosport, a subsidiary of TF1, the rights of the Women's World Cup 2011, acquired at the same time as the Men's World Cup 2010. Coproducts and codiffusés by both channels, games are a success hearings.Especially since the disappointment surrounding the men's team at the World Cup in South Africa in 2010 frustrated football fans. "After the episode of Knysna, there was a latent expectation of the French for the beautiful game and a fighting team, Fabrice Lorvo analysis, a sports marketing specialist at FTPA. The public was ready to ignite their national team. The spark, it is the girls who brought them. "

To date, the semi-final France / USA Women's World Cup represents the historical record of the chain … and all channels TNT (2.43 million viewers, 17.4% audience share). Normally, the average audience of Direct 8 between 2 and 2.5% market share. Since then, the magic continues.Since the start of the qualifying matches for Euro 2013 Blue to seduce between 720,000 and 940,000 fans.

The appetite of the major broadcasters would raise prices

Given this popularity, the chain does not stop there, and is now attacking the European and national. "If a French club in 2012 reached the final of the Champions League Women, we might be candidates to UEFA to broadcast the match," said Thierry Cheleman. Last year, the epic European Lyonnaises, who had won the competition against Potsdam, had already resulted in an audience of 1.2 million viewers (4.9% market share), peaking 1.9 million. Meanwhile, the management of Direct 8 has made an offer to FFF for TV rights of the first women's division (D1) over the period 2012-2014.Insufficient supply, Eurosport and France Television has won the set in August.

It is the flip side: the structuring of the market for women's football TV rights could eventually crowd out smaller players. "For the TV rights are the subject of a market requires that the images are produced and disseminated. Two years ago, it was not the case for women's football. Direct 8 that produces the games itself, has allowed the emergence of women's football on television in the clear, "Fabrice Lorvo analysis. On average, the chain said spend between 40,000 and 50,000 euros per game. The emergence of such a market whets the appetites and proposals for new broadcasters.

For the giants of the sport are Eurosport and Canal + could well participate in the cost inflation of rights, if performance women are superior to those of men.Inflation that is already seeing Thierry Cheleman, even if they are about 100 times lower than those of men. From this point of view, the acquisition by the pay channel Direct 8 could be an asset, "even if it is too early to draw clear ambitions to Canal + for Direct 8 on women's football," he concludes .

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After winning nearly 4% last week, the CAC 40 was hesitant Monday. After opening on a positive note on Monday, rising 0.81% to 3243.93 points, it is passed back to balance, to 3218.06 points (-0.02%) on the stroke of 13 hours.

Investors have not long welcomed the determination shown by European finance ministers at the G20 Finance last weekend. At this meeting, the central bankers of the EU porutant promised to bring an answer this week "comprehensive and lasting peace" to the debt crisis at the G20. "Advanced countries will adopt, taking into account their respective national circumstances, policies to strengthen the confidence and support growth and implement measures clear, credible and targeted to rebalance public finances" stressed ministers in statement.

Above all, they promise to make a decision at the European Summit of October 23, described as "decisive" on Saturday by Minister of Economy Baroin. For its part, the ECB President Jean-Claude Trichet said the euro was "not threatened", but called on all Europeans to be "extremely vigilant" with regard to public finances.

Attempted to reassure the ability of the International Monetary Fund (IMF) to support countries in difficulty, Christine Lagarde, the Executive Director, has determined that the resources of the institution for the time were "appropriate" and "fit" to Micro Europe 1.And, while many European countries are considering to use the Fund to prevent contagion of the crisis in the euro area in case of bankruptcy of Athens.

Measures of expected savings on the U.S. side

On the other side of the Atlantic, U.S. President Barack Obama must include measures of fiscal consolidation through a savings plan. Last Friday, the country's budget deficit reached 8.7% of GDP in 2010-2011, 0.3 points less than in the previous year, according to the Treasury. In absolute terms however, the fiscal gap widened slightly compared to fiscal 2010, 0.4%, from the threshold of 1.299 trillion dollars, making it the second biggest deficit of the History of the United States.Concerns also weigh on U.S. growth, after the deterioration of consumer sentiment surprise U.S. beginning in October, falling incomes leading consumer expectations to their lowest level for over 31 years.

Following the announcement of the failure of 20% of the 360,000 small businesses in Zhejiang Province since the beginning of the year, Beijing also pledged to "rebalance" its growth engines through a battery of measures this week.

The euro retreated slightly

On the foreign exchange market, the euro fell slightly against the U.S. dollar on Monday morning at 1.284 dollars (-0.21%). While oil was up in Asia after a barrel of "light sweet crude" for November delivery clinching 35 cents to 87.15 dollars in early electronic trading.Barrel of Brent North Sea crude for December delivery gained 18 cents to 112.41 him dollars.

In terms of indicators, the United States, industrial activity in the region of New York (October) and the country's industrial production are expected in early afternoon.

In Europe, a speech in London Wolfgang Schäuble, German Minister of Finance, on financial regulation and fiscal consolidation is expected.

In Japan, industrial production for the month of August will be published in the day.

Banks remain top values ​​to follow this Monday

• Banking

Standard & Poor's (S & P) announced Friday it lowered the long-term rating of BNP Paribas (-1.47% to 31.77 euros) from "AA" to "AA-" and the Bichri (Banking Industry Country Risk Assessment) of France in Group 1 Group 2.In this context, investors will keep an eye on Societe Generale (-1.46% to 20.53 euros) and Credit Agricole (-1.52% to 5.11 euros).

• Dexia

The National Assembly will consider the draft supplementary budget by establishing a government guarantee.

• Air France-KLM (2.79% to 5.68 euros)

A special board meets Monday for the start RECORDED Pierre-Henri Gourgeon, as revealed by Le Figaro yesterday. In addition, three cabin crew unions (PNC) filed a strike notice for the weekend of All Saints to protest job cuts.

• Renault (+0.02% at 27.48 euros)

The new organization called the head of the manufacturer after the false spy case will come into force on 2 November as planned and strengthen the power of the CEO Carlos Ghosn with the aim to avoid the fiasco of the early recurrence in 2011.

• Axa (0.82% to 11.02 euros)

The French insurer Axa wants to eliminate by 2015 about 1,500 jobs in Germany, or one sixth of its workforce in the country, the Financial Times Deutschland on Monday.

• Eurosic (-0.68% to 32.27 euros)

The group has completed the acquisition of 22 office buildings with GE Capital Real Estate valued rights included 340 million euros.

• Edenred (-0.26% to 19.10 euros), Guyenne Gascogne (0.62% to 81 euros), Mercialys (-0.58% to 27.37 euros) will release its third quarter results after market close.

In purchasing real estate, the French would have become more opportunistic. This is reflected in a survey of the Land Bank published this Saturday in Le Parisien-Aujourd'hui en France, on Saturday. The study found that nearly two-thirds of the French advance will realize a capital gain tax at the time to buy an apartment. Thirty years ago, they were a little less than half. "In 2010, 22% of buyers formulate their intention to sell as soon as possible, against 4.2% in 1980," said the newspaper Deletré Bruno, general manager of Crédit Foncier. The desire to stop paying rent and security always have a home are the main motivations for first-time buyers that are what the generations (over 90% of respondents).The survey was conducted among four generations of first-time buyers (1620 people in total) signed a loan with Land Bank.

"Buyers more opportunistic and strategic"

To the general manager of Crédit Foncier, today's generation is more "strategic" than their elders who could probably more easily buy a long-term bad credit pay day loans. "We are faced with more opportunistic buyers, which are placed on a financial and strategic option," he said. Today's buyers who have experienced a doubling of prices in ten years are more responsive to market conditions according to this survey (75% against 66% for buyers of the 2000s) but not more concerned than previous generations to build a retirement investment (on average, between 71% and 72% by generation).

In this context of rising prices, buyers today feel more proud to own (67% against 54% for generation 2000). Generation in 2000, helped by a favorable economic environment, expressed "most satisfied", the buyers of the 1990s say they are "reasonable" and those of the 1980s put forward the "sacrifices" made to repay the loan.

Signs of renewed confidence in the euro area is growing. At a time when international financial markets reflected the colors, the single currency rises against major currencies. The euro stabilized early this morning above the threshold of 1.38 to 1.3808 dollars against 1.3617 dollars just yesterday, its highest level since Sept. 16. The euro also advanced against the Japanese currency to 106.52 yen against 104.52 yen a day earlier.

This rise of the single currency is a sign, according to one analyst, "the market seems a little more optimistic." In fact, for several weeks and an acute crisis on debt, the euro was more the subject of a "massive unwinding of positions."

Investors continue to regain confidence in the idea of ​​a solution to the debt crisis.Policymakers ensure that the enlargement of the European financial stability will be ratified soon, Slovakia should indeed turn around in a new vote tomorrow. What can the countries of the euro area together to help troubled banks to recapitalize, to avoid the bankruptcy of an institution that could create a systemic shock.

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After a first crisis meeting on Monday, the board of directors of Dexia held another meeting on Sunday night marathon on a background of tensions. On the menu, the agreement in principle found in government, between France, Belgium and Luxembourg, on a pattern of orderly liquidation of troubled bank.

The dismantling of Dexia revolve around two main axes. First part of the device, sales lead to much gnashing of teeth. Side France, the discussion focuses on the sale of a portfolio of over EUR 70 billion – mostly loans to local authorities – an entity owned 65% by Caisse des Depots, which drags its feet. Until more details, the Investment Committee of the CDC has just issued an advisory opinion but negative according to our sources.La Banque Postale will take a minimum the job of funder community, hitherto devoted to its competitor.

At the same time, Dexia will sell its retail banking subsidiary in Belgium, Dexia Bank Belgium, the Belgian partner probably common across the Quiévrain. The Wall Street Journal, Price, hotly debated, could turn around 4 billion euros, well below the value expected by shareholders. As Fortis sold to BNP Paribas in 2008, the Belgian government's goal is to lean then the network to a private actor. For its part, Luxembourg completes its participation in the recovery of BIL through a consortium led by Qatari investors. Denizbank, the Turkish subsidiary, is also about to be sold.

The second component of dismantling the management of residual interests.While the Spanish or Italian Sabadell Crediop seem almost impossible to sell, will remain at Dexia a portfolio of nearly 95 billion euros in loans, of which 12 billion of government bonds devices in Europe. It is this "bad bank" guarantee promised by France and Belgium will apply. Sunday, the two countries should share the burden away. In 2008, Belgium had made to their account 60% of the security so much higher than 150 billion euros. This time, the camp Yves Leterme wanted to reduce its share of the bill, arguing that the French management had little Belgian interests associated with the management since 2008.

Impact rating

Signal of the high stakes, Prime Minister François Fillon had made the trip to Brussels on Sunday to meet with Belgian prime minister Yves Leterme.The talks, which have been associated with Jean-Luc Dehaene and Pierre Mariani, President and Group CEO, helped lead to a solution "fruit of intensive consultations with all partners involved," insisted the two sides.

The two countries share a triple objective: secure banking on their own territory, without violating the rights of minority shareholders, and while limiting the cost of this debacle for public finances. Friday, Moody's had also placed the rating on negative watch Belgium. Council of Ministers to be held in Belgium on Sunday night, after the Board of Directors of the bank.

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Controllers return to work gradually. After La Rochelle and Paris Sud Est (Gare de Lyon), several sites have voted Friday morning to return to work, like Bordeaux, Reims, Chambery, Dijon, Lyon, St Etienne, Toulouse or Besancon. Other websites should take a similar decision at general meetings planned in the afternoon. The management of the SNCF

Many controllers SNCF had exercised their right to withdraw on Thursday afternoon to work after the announcement of the attack on a colleague on a train on the Corail Lyon-Strasbourg. In an interview with Figaro.fr, the president of the SNCF appealed to the coolness of the railway to resume work soon and would discuss with the unions to turn.Management has undertaken to present an emergency plan with the security services.

Traffic TGV, Corail and TER is still disrupted, although the situation has improved significantly over the entire network, including 8-9 in 10 TGV from and to Paris and a TER of 2. To find out if their train is running, users are encouraged to consult regularly Infolignes site, or call toll free (free from a landline) 0805 90 36 35.

Toll and information site

SNCF always invites customers to delay their trip or take alternate means of transportation. Ticket holders whose train was canceled may obtain a refund, or take any train leaving for the same destination without the need to exchange their ticket. Good news however for users Transilien (train network in the Île-de-France), the Thalys and Eurostar.Traffic on these lines is normal according to SNCF.

"There is no point in penalizing travelers"

The strike controller led Thursday the cancellation of all trains at night, and created a big mess all over the country. According to the station, all passengers stranded at the station in the evening were able to reach their destination or were assisted to find accommodation for the night. According to the Ministry of the Interior, it was not necessary to set up emergency housing plan.
Board trains at the Gare Saint-Charles in Marseille. Photo credits: GERARD JULIEN / AFP

The National Assembly has been discussing the bill Thursday strengthening the rights, protection and consumer information. Already, two amendments were adopted on Thursday evening, which will impact on landlords and potential tenants. The text tabled by MP Francois PS Brottes and endorsed by members of right is to encourage improvements rented accommodation. To do so, homeowners who have implemented the work that contribute to lower occupancy costs will now increase the rent "for 50% of expenses saved." A measure "win-win" according to the PS deputy, the Secretary of State for Consumer Affairs, Frédéric Lefebvre, also considered "attractive." One problem remains: the amount of expenses saved will not be easy to assess, said the reporter Daniel Fasquelle.The decree of enforcement should provide more details.

To further protect buyers and sellers of homes, parliamentarians have also adopted at the same meeting an amendment reducing the period of exclusivity clauses imposed by estate agents. Amendment UMP plans to limit the duration of these contracts to three months. This is "to provide for reasonable and appropriate to market needs," without calling into question this possibility completely, which "encourages the professional to find or sell a home quickly," says the text paydayloans. The amendment, passed in the ranks of the Socialist Party, was described as "very important" by Frederic Lefebvre. The bill already provided that such exclusive contracts can no longer be tacitly renewed, but only under an express agreement.

The text under consideration since this week also includes other measures aimed primarily at protecting tenants. Owners who do not return the deposit due to their landlord will increase the amount of 10% per month of delay. A measure that MPs hope deterrent. As the new owners now, tenants can now also challenge the falsity of the information provided by the surface owner within a certain time. A measure that would apply only to contracts signed after the passage of the law.

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