International Headlines and Stories

This had not happened for a month. The Cac 40 closed on Monday below 4000 points, among others penalized by bank stocks. Investors worried about a new crisis on the debt of the euro area after the arrest of the International Monetary Fund boss Dominique Strauss-Kahn. Leaded by the poor performance of banking stocks all morning, stock index is now up in the green, thanks to the rebound … banks.The Cac 40 rose 0.21% to 3998.06 points, flirting with 4000 points.

At the London Stock Exchange, the FTSE-100 fell by 0.33% to 5,904.27 points and Frankfurt Stock Exchange, the DAX 30 lost 0.55% to 7346.81 points.

Monday night, Wall Street has ended the session down in response to the publication of indicators revealing the fragility of U.S. recovery.

The Euro continues Tuesday

In the absence of corporate results announcements, the index will evolve with ads that will be made following the meeting of EU finance ministers to discuss particular mechanisms of financial aid in the euro area. On the issue of Greece's debt, the Europeans are divided.

After starting the session again difficult, banking stocks will resume in late morning.BNP Paribas climbed from 1.32% to 53.78 euros, gaining 0.55% Natixis to 3.82 euros, Societe Generale rising from 1.23% to 42.44 euros and Credit Agricole takes 0.18% to 10 95 euros.

EU: lower sales of new cars

On the macroeconomic front, the new car registrations in the European Union fell 2.7% annual rate over the months from January to April, according to figures released Tuesday by the European Automobile Manufacturers Association (Acea). On April alone, new registrations 1089.118 were recorded, representing a decline of 4.1% over one year.

Peugeot was down 1.07% to 30.136 euros and Renault lost 0.66% to 39.79 euros.

United States, are scheduled starts of dwellings in April (14.30) and industrial production in April (15.15).

On the currency markets, the euro rose slightly against the dollar, from 0.16% to 1.4183 dollar.

Energy stocks retreat

On the corporate side, the energy values ​​suffer from the decline in commodity prices. Total coward 0.88% to 40.20 euros and Vallourec dropped 1.04% to 87.69 euros.EDF lost 0.71% to 28.67 euros and GDF Suez sold 0.83% to 25.66 euros.

Bouygues: -3.90% to 32.64 euros (largest decrease in the Cac 40)

Bouygues raised slightly on Monday its goal of annual sales after a first quarter marked by a rebound in activity but penalized at the net contribution by Alstom.

Vivendi: +0.36% at 19.30 euros

Vivendi announced Monday it had obtained signed with a syndicate of 17 banks a new line of credit totaling € 5 billion that will allow it to optimize the management of its bank debt at the time of the acquisition of the 44 % of SFR held by Vodafone.

Publicis: 0.29% to 38.58 euros

Publicis buys U.S. digital marketing agency Rosetta for at least $ 575 million – the agreement provides that an additional payment may be made in 2014 to Rosetta in the case of good performance over the period 2011-2013.

Carrefour wants IPO for its real estate assets

Carrefour: 2.26% to 30.95 euros (largest increase Cac 40)

During its Investor Day being held in Paris from 9:15 Carrefour confirmed its intention to IPO for its real estate assets, Carrefour Property.

The group also said that the demerger of its business Dia hard discount will be in the form of the distribution of a dividend. Carrefour expects the IPO of Dia in Madrid on July 5 is valued at about four billion euros.

The Japanese government thought about it and he did. The operator of the plant in Fukushima Tepco come under his control. The Japanese government has indeed released Friday details of a financial rescue plan to help compensate victims of the nuclear accident that hit Japan on March 11. "The purpose of this plan is not to bail Tepco, said Friday the Japanese Minister of Economy, but to ensure that victims are properly compensated." The operator will be under the supervision of an independent commission to strengthen the de facto government's influence on the conduct of its affairs.The government project, hotly debated within the team of the Prime Minister's center-left, Naoto Kan, has yet to be voted by Parliament.

Between 26 and 43 billion euros in compensation for victims

This plan includes the creation of a structure financed by both state funds and contributions from various private power companies in Japan. This entity will help Tepco through grants of bonds (5,000 billion yen by the Japanese press) convertible into cash, to compensate the estimated 85,000 victims of the nuclear disaster. Japanese media say that the operator should have to pay from 3000 to 5000 billion yen in total (26 to 43 billion euros).Tepco should also pay annually between 100 and 200 billion yen this structure (from 870 million to 1.74 billion euros), according to Japanese news agency Jiji.

The government even asked the banks that have lent 1.4 trillion yen (11.7 billion euros) to Tepco to waive a portion of their claims vis-à-vis the operator. "People do not understand that public funds are injected into Tepco if banks did not give their side a portion of their claims vis-à-vis the operator of the nuclear power plant in Fukushima," says Government spokesman Yukio Edano payday loans online.

TEPCO will have to sell financial assets and properties

Anxious not to appear to give a blank check to the company criticized for his role in the nuclear incident, the government also demanded that she undergo Tepco a number of conditions. The company will mainly sell financial assets and properties in order to concentrate its resources on the production and distribution of electricity.In addition, the eight most senior executives of the company will also waive any compensation and personnel managers to ordinary workers, will also undergo substantial pay cuts.

In addition to the huge amount of compensation, TEPCO will have to pay an extra bill to increase hydrocarbon production in thermal power stations, eleven of its nuclear reactors have been arrested since the disaster, counting those in the central hilly.Group CEO believes that these additional imports of gas, oil and coal would cost him 1,000 billion yen (8.7 billion euros) over budget during the year to April 2011 to March 2012.

Bank stocks fall at the Tokyo Stock Exchange

Result of this announcement, bank shares fell sharply on the Stock Exchange on Friday: Sumitomo Mitsui Financial Group sells at the close of the Tokyo Stock Exchange 3.80% to 2452 yen, Mizuho Financial Group, 2.98% to 130 yen and Mitsubishi UFJ Financial Group 2.79% to 383 yen.Due to the collapse of the market capitalization of Tepco stock market that has lost more than 80% between March 10 and April 7 last, Sumitomo Mitsui Financial Group (SMFG) could announce a loss of about 80 billion yen ( 696 million euros), Mizuho Financial Group, 50 billion yen (435 million), and Mitsubishi UFJ Financial Group (MUFG), 30 billion yen (261 million).

The oil services group announced Thursday morning that net income for the first quarter of 104.3 million euros, up 8.8% over the same period last year. This result comes from a quarterly turnover shows an increase over one year of similar magnitude (+8.9%) to $ 1.4362 billion euros. These quarterly revenue slightly below expectations, but net income, it exceeds the expectations of analysts.

This difference is explained by the better than expected recovery in operating margin of Technip. Reaching 10.1% in the quarter, it is higher by 1.3 points in the consensus of analysts. It is still a little worse than the first quarter of 2010 (-0.3 points).

The Europe-Russia-Central Asia, the largest market Technip

The sales increase was primarily in the Europe-Russia-Central Asia.In this area, sales surged by 49.6% over one year to 398 million euros. The Europe-Russia-Central Asia became the first market Technip, while at the same time last year, it generated less revenue than the African zone (down from 2.7% in the first quarter this year ) and especially, the American zone. Largest market last year, the region saw its American sales by 22.1% melt over one year to 243.6 million euros, becoming the third largest market group.

The group's net cash position remains essentially unchanged at 1.3 billion euros, or 2.4% less than at the end of December.

Technip believes that its results "demonstrate the value of activity based on a diversified backlog."It confirmed its guidance for fiscal 2011 and expects its annual turnover is 6.5 to 6.7 billion euros, with a margin combined operating Subsea between 6% and 6, 5%.

Second consecutive year of decline for the Nintendo group. The Japanese video game specialist has published annual results on Monday in freefall. Its net profit fell 66.1% to 77.6 billion yen (648 million). Its operating profit tumbled 52% to 171.1 billion yen (1.43 billion euros) in respect of the 2010-2011 year ending 31 March. Figures well below market expectations.

These poor results are explained by the slowdown in sales of the Wii home console blockbuster, but aging of Nintendo. The group has sold just over 15 million in 2010-2011, against 20.1 million the previous year. In addition, the launch of the new handheld 3DS relief was too late to be able to save the year of manufacturer.

The console manufacturer table for 2012 on the results up, but below analysts' forecasts.Nintendo says count on an operating profit of 175 billion yen for the year 2011-2012, against a consensus of 215.8 billion yen. "The market reaction should be bad," said Yusuke Tsunoda, a financial analyst at Tokai Tokyo Securities, quoted by Bloomberg. "Sales of Wii expected to drop as the group probably provides lower prices on the console."

"New Play"

The Japanese video game giant has tried to reassure. He announced the presentation of the successor to the Wii on June 7 at the electronics show in Los Angeles, E3. The group declined to give details, except that it will offer "a new way of playing at home," said CEO Satoru Iwata.

However, information already leaked to the press.Much more powerful than the Wii, it would be equipped with high definition, like its competitors Playstation 3 and Xbox 360. The Japanese group have also developed a new kind of controller, which is akin to a touch pad. One way to compete with smartphones that break into mobile video games. Nintendo's portable console, the DS has seen its sales plummet by 10 million units this year to 17.5 million.

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For the first time, New Frontiers publishes a booklet dedicated to stay in France. The tour operator offers such a night in a chateau in Burgundy with bike rental, a week traveling with half-board in Britain, a tour of Paris in a 2CV … For three weeks, mostly sold and weekend getaways weekends in Paris from 75 euros per person in double room for two nights cruise on the Seine included. "For a long time in France we welcome customers from foreign tour operators, said Jean-Baptiste Delsuc, production manager at Nouvelles Frontieres travel. We hope that the French have the reflex to go as a travel agency for holidays in France. It's a gamble.Budgets are 4-5 times lower than for distant trips, but for the majority of the French. "

Lack of "resorts"

This summer, due to unrest in North Africa, more French will remain in France. "Traditionally, 27 million French spend their holidays in France every summer, according to Didier Arino, Chief of Staff Protourisme. But this year, unless an increase in late bookings for Tunisia, they are more likely to remain in France. "

Tour operators must adapt, but they face the French who took the habit of doing without them. They spend more than two-thirds of their family vacation, with friends or in their second home. Moreover, "the French tend to think they know as much as professionals on tourism in France."Notes Didier Arino, The Hexagon also lack of "resorts" are capable of accommodating a large clientele no fax needed payday loans. However, to reference offers, tour operators are looking volume.

"Long, tour operators have not sought to sell the destination France, because it is more interesting for them to market mass travel abroad, where margins are higher, said Christian Mantei, director general 'Trump France. Result, only 5 to 10% of French people go through a travel agent for vacation in France. "The Pierre & Vacances group Center Parcs, the leading tourist residences in France, it also carries about 80% of its sales Direct. "It will be difficult to change habits, but some market share to take on well-identified niches, such as skiing and spa," says Christian Mantei.Didier Arino also believes the future of theme holidays: œnotourime, river cruises, stays fitness or sports … Lands of Adventure, hiking specialist in small groups, carries 10% of its turnover in France , its first destination. Each year, the tour operator is to walk 6,000 customers.

"France is the top-selling destination, with 18% of our business," says Jean-Pierre Mas, president of Afat Selectour, which has 1,300 travel agencies. That little knowing that over 70% of the French spend their holidays in France! "This network of agencies primarily sells short stays in amusement parks (Euro Disney, Futuroscope, Parc Asterix), tourist residences and winter sports holidays. "We're starting to sell camping and caravanning, as Framissima Soustons Nature," says Jean-Pierre Mas.

Nicolas Hulot, who had to declare candidacy for president on Wednesday morning that the economy is disconnected from reality. "I try to ask again and again the question of an economic model compatible with the physical reality of the world," he declared last December. The standard is not abundance but scarcity ", contrary to prevailing economic theories.

Created 20 years ago, Hulot Foundation for Nature and Man published in recent years of economic policy recommendations. The rhetoric to concrete action, these works are now a genuine box idea for an environmentalist candidate.

The instigators. Nicolas Hulot likes to say he knows nothing about economics. This is less true.He has surrounded himself in recent years of senior economists, like Patrick Criqui, an expert in the fight against climate change, or the founders of the consulting firm Carbone 4, Jean-Marc Jancovici and Alain Grandjean, advocates of "development sustainable. " Last December, he sent to Paris for a conference Tim Jackson, a British economist reference advocating a reduction in consumption.

"Desecrate GDP". "An infinite growth in a finite world is hopeless: there must be a fool or an economist to believe it," said Nicolas Hulot last December at a conference, paraphrasing the economist Kenneth Boulding. We must therefore evaluate the progress that otherwise simply by gross domestic product (GDP), which measures the creation of wealth by a country. Hulot Foundation for enthusiastic and alternative economic indicators, such as carbon footprint, or welfare.And welcomes the passage Stiglitz report commissioned by Nicolas Sarkozy on the measurement of social progress.

A large loan to finance "green economy". Education, training and research, "clean technology" energy saving … Hulot Foundation has calculated that France needs to invest 600 billion euros by 2020 in sustainable development. To avoid digging all the public debt, the state must borrow from the European Central Bank "to zero or very low." Economists of the NGO out the measurement in a technical appendix of 20 pages. Nearly 100 billion euros should be invested for example in the construction of 500,000 new homes, advocates the foundation.

Radical reform of taxation. Staunch defender of the carbon tax, Nicolas Hulot has apparently failed to disarm it.Its foundation therefore recommends to "pay more in energy consumption and reduce taxes on labor." Through the establishment of a climate energy "tax on energy consumption enterprises, governments and households," says the foundation in a document dated June 2009. This tax would be offset by a universal allowance climate for smaller households and less polluting.

Clamp finance. Hulot Foundation believes that "limiting the ability of banks to finance operations without social interest" in limiting the borrowing capacity of investors who speculate. It proposes to limit operations to leverage and lead the hunt for tax havens.

The finances of Nicolas Hulot

The presenter of the show Ushuaia is not paid 33,000 euros per year TF1 for the realization of 4 issues per year, as the chained duck. It would double the salary with royalties brand Ushuaia.

As for the Hulot Foundation for Nature and Man, is funded to the tune of 12% by public funds and 65% 'by a score of donors, including L'Oréal, EDF or Veolia.

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In the wake of a meeting of the rise in Japan, the Paris Bourse is expected to begin sitting in the green, the indices futures settling up 0.8% at 8 o'clock this Friday. INSEE and Bercy have improved their outlook for the French economy.

The National Institute of Statistics noted yesterday its growth forecast for the Hexagon in the first quarter. INSEE now expects a GDP increase of 0.6% over the period, and maintained its growth forecast of 0.4% for the second quarter. More good news: the Minister of Economy said Thursday night that the forecast deficit of France for 2011 is reduced to 5.7% of GDP as against 6% previously."We had committed to 6% for the year 2011 and I will announce tomorrow that the European partners have recalibrated our goal to 5.7%," she said on the eve of a meeting Budapest with its European counterparts.

On the agenda this Friday, no statistics likely to influence the market. In France, investors will monitor oil prices and imported raw materials and the economic survey of the Banque de France and the fiscal situation and the German trade surplus.

Soaring commodities should reverse the influence indices. Gold has exceeded its record to over 1,500 dollars an ounce. The money has reached its highest level for 31 years.A bushel of corn (about 25 kg) for May delivery rose 7.72 dollars, not seen.

Renault followed

In terms of values, oil and banking stocks are once again under the spotlight.

Moreover, as Renault should be monitored. The three executives wrongfully dismissed in the fake spy scandal Renault claim to the manufacturer for damages for pain and suffering record: 2.4 to 3.5 million euros, according to a survey by Marianne forthcoming tomorrow. In total, the invoice of the burr Renault could rise to over 11 million.

Several unions Carrefour have called a strike tomorrow, says Les Echos. The FO-FGTA whose representation rate exceeds 40% was followed by the CFDT, CGT and CGC.

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The effects of the crisis are still being felt this year in the tourism sector. 66% of French people intend to go on holiday, against 72% last year, according to a study released Thursday by the Cabinet Protourisme. Three million French who left in 2010 to renounce so this year.

The average reduction in initial intentions actually conceals wide disparities. Categories sociprofessionnelles Parisians go higher and in fact much more than rural people or retirees. And this gap is expected to increase further because "those who leave will leave more than two years ago," said Didier Arino, firm Protourisme.

52% of travelers will stay in France

The budget should also be holiday retreat of 7 payday advances.2% to 2079 euros on average over the year.If the level of daily expenditure is in fact stable at 99 euros is the length of stay, which is scaled down: the French leave on average 18 days as against 23 last year.

In terms of destination, their choice should be influenced by the international geopolitical situation, particularly in the Maghreb and the Middle East. 52% that those planning a vacation should remain in France, 23% will go abroad and 25% have to do both.

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After several years of unprecedented increases, housing prices began to falter. If the market has not entered into phase reversal, the prices of existing homes begin to shrink in some areas and departments of Ile de France, Les Echos said that based on the early census of Century 21.

The first quarter compared to last quarter of 2010, housing prices have declined in eight regions, with declines of nearly 7% for Alsace and Aquitaine, the order of 6% Midi-Pyrénées, Basse Normandie and Pays de la Loire, in Britain 5.5% and 1.5% in Provence-Alpes Cote d'Azur.And the prize goes to the Seine and Marne, which shows a decline of 7.3% of property prices.

The sales numbers also declined, from about 3% nationally in all departments of Ile de France and in 7 regions, according to figures from Century 21.

The loan period lengthens

Concerned, the rise in interest rates. Crédit Foncier suggests a rise of 100 basis points since September to the reference rate, ie the rate of ten years. And the financial institution believes that this movement is not about to stop. A rate rise of 0.5% to 1% is feasible for 2011 says the Credit Foncier. Yet according to its CEO Thierry Dufour, "a 1% increase in rates leads to a decrease of 7% of demand."The bank plans to capitalize on sales from 670,000 to 680,000 in the previous year against 702,000 recorded last year.

So far the decline in volumes was offset by a rise in loan periods from less than 20 years over 20 years on average, says it with Century 21. Thierry Dufour same stresses, micro BFM, the average length increased from 21.7 years to 23.4 years in Paris. The time of sale are also elongated. But these mechanisms do not compensate more rising interest rates. Thierry Dufour and indicates that "class is removed from the market due to rising rates." Consequently, prices are falling. The CEO of Century 21 and evokes a "new balance" on the housing market.But the general manager of Century 21 says that "the market is sawtooth.

On the other hand, affluent areas such as Paris and West Paris and continue to blaze the national average price rose another 2.7%. Moreover, prices of new homes should remain stable. In fact, state aid and interest-free loans are concentrated on new housing.

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The amount is staggering. $ 70 billion social aid were announced by King Abdallah live on Saudi television on Friday. Therefore a figure for the 28 million inhabitants of the country, one third of the unemployed are young people aged 21 to 29.

The monarch has promised minimum wage increase to 800 dollars, the increase in premiums for unemployment up to 250 dollars, a premium of two months salary for each employee and a bonus of two months for student scholarships . But nearly $ 67 billion aid plan – almost all of the assistants will be devoted to the allocation of funds for the construction of 500,000 housing units across the country, and an envelope for the health sector. King Abdullah has proposed to inject more money into home loans by increasing to $ 128,000.

These injections of public funds came after the unprecedented announcement by the King on February 23 of a first action plan of 36 billion dollars. They should help diverdifier the Saudi economy, largely dependent on oil revenues.

Further monitoring

In his televised speech of three minutes, the sovereign has also announced the creation of a committee to fight against corruption, which will be under his supervision and could control all branches of government faxless cash advances. He also mentioned the creation of 60,000 new jobs security by ensuring that security forces will be ready to respond to "all those who intend to undermine 'the kingdom.

Fearing social unrest that the country earns from Bahrain, a neighboring country, where violent clashes between Shi'ite demonstrators and security forces took place this week, security forces were deployed en masse on March 11 in Riyadh, and in the eastern provinces, home to a strong Shiite community. However, according to some sources, the stability of autocratic rule of King Abdullah, from a prominent Sunni family, is not likely to be unshaken.

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