International Headlines and Stories

Greece, with the support of other countries in the euro area, is back this Monday on the markets. It refinances its debt in bonds to 7 years. This issue of Treasury securities Greek makes good business sense for European banks, which appeared in mid-afternoon to honor the offer of Athens. By early afternoon, purchase orders amounting to 7 billion euros, while Athens was planning to raise 5 billion only.

To complete the transaction, Athens has mandated more European banks as on previous occasions, with ING and Societe Generale CIB. Two Greek banks, Alpha Bank and Emporiki Bank (subsidiary of Cr?dit Agricole) and Bank of America-Merrill Lynch, are also involved.

"The transaction represents a double opportunity," said Patrick Jacq, rates and currency strategist at BNP Paribas.First, Greece needs to refinance its debt and receives a guarantee of the Eurogroup. Then, considering the risk ultimately limited the rate of emission, at around 6% according to market sources, is very well paid cash till payday advance. Investors, reassured, therefore have to purchase, essentially says the strategist.

European banks can then buy the Greek bonds and use as a deposit to the European Central Bank (ECB) against loans to shorter terms, but at an interest rate of only 1%. Performance of the obligation Greek (6%) cons of refinancing rate of the ECB (1%) … The calculation is done quickly, "a port to 5 percentage points is very good," Judge Patrick Jacq.

The previous operations, launched January 25 and March 4 this year, had generated five times more demand than supply.Greece should lift nearly 20 billion euros on the market to refinance its debt by the end of May

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"" SPECIAL – Greece, a challenge for Europe

After eight consecutive sessions of gains, U.S. investors have decided to take a breath. The week ends so in the red on Wall Street on profit taking. The Dow Jones a coward for closing 0.35% at 10,741.98 points. The Nasdaq lost 0.71% to 2374.41 points and the S & P 500 drops 0.51% to 1159.90 points.

The week was marked by the rise of the Dow Jones on Thursday at its highest for a year and a half (0.42% to 10,733.37 points). For the week, the flagship index of New York has gained 1.01%. Since the beginning of the year, it earned 3.01%.

"After a series of fairly impressive gains, we approach the weekend with many uncertainties: what will happen with the reform of American health care system, what will happen with Greece," observed Craig Peckham, the brokerage firm Jefferies. "It gives a reason to take profits," he added.According to analysts, the lack of activity of the market could continue next week due to lack of key indicators.

Raw materials have saddled the atmosphere

Place New York was also taken by surprise by a rate hike the central bank in India, one of the engines of world economic growth. The decision raised fears of slowing growth in the country, weighing on the sectors most sensitive to economic conditions (industry and technology), on commodity prices, and therefore the energy and mining sectors. The aluminum producer Alcoa (-0.28% to 14.26 dollars) or the oil company ExxonMobil (-0.52% to 57.04%) have evolved into the red during the entire session.

The dollar has also strengthened. Under pressure for several weeks, the euro has been penalized by the Greek uncertainties. The euro has lost 0.55% to 1.3535.

Palm collapses

The action of the mobile phone manufacturer Palm fell heavily on Friday. It tumbles down 28.50% to 4.04 dollars. Investors punish new quarterly losses and forecast a very pessimistic bad credit personal loan lenders . Over the period from December to January, the manufacturer of Pre lost 22 million dollars, twice the previous quarter and more than expected by analysts. The revenue (almost $ 350 million) is better than expected, but because of poor consumer sales of its devices by the operators, it is expected to "less than" 150 million dollars, twice less previously anticipated.

The largest bookseller in the United States, Barnes & Noble (+0.26% to 22.96 dollars) has announced that it would change the CEO.This is the current president of the group's website, William Lynch, who will replace Steve Riggio at the head of the company. The future leader has helped launch the electronic bookstore Barnes & Noble and he oversaw the launch of an electronic book reader called the Nook, a product designed to compete with the readers of e-books competitors, such as the Kindle or the 'iPad.

FedEx (-1.75% to 91.05 dollars) posted net earnings of $ 239 million, up 146% in the third quarter. Based on the number of shares, the result stood at 76 cents. The logistics group has exceeded its own targets, which ranged from 50 to 70 cents, and estimates of analysts, who on average expected a figure of 72 cents. The operating profit jumped 129% to 416 million dollars for an operating margin of 4.8% against 2.2% a year ago.

Aetna argues the document.The life insurer believes that its earnings per share in the first quarter will exceed the consensus Wall Street (66 cents) to 2.55 dollars, or $ 2.65. The action ended up 3.58% to 34.43 dollars.

The U.S. aircraft manufacturer Boeing has announced that it would expedite the production of its 777 aircraft and 747 to meet the growing demand from customers. Sign that the aerospace market is recovering. The securities are 0.30% to end at 71.08 dollars, after opening up over 2%.

One would think that prudence would limit the rebound in markets in Paris, pending the release of monetary policy the Federal Reserve, expected at 19.15, this mardi.Et that, after closing down slightly on the Tokyo Stock Exchange this morning. Finally, the rise of the index in Paris should be solid on the future of the CAC 40 index rose 0.73% to 3917 points. On Monday, the CAC 40 has yielded 0.93% to finish the session at 3 890.91 points.

The consensus, the status quo on the rate seems to be accepted, but the market awaits clarification on possible exit strategy crisis Fed.This meeting will be the anchor of Tuesday's session, very lean corporate earnings, but punctuated by economic indicators.

Thus, France will release at 8:45 the inflation figures for the month of February and the index of prices in supermarkets also in February, to 12 hours.

In Germany, the market will follow the German ZEW index of investor confidence.

Finally, the EU finance ministers will meet on Tuesday, including the agenda monitoring the formal notice to Greece in February about the improvement in public finances.

In the struggle between the United States and China on the currency market, members of Congress sent a letter to Treasury Secretary Timothy Geithner and Commerce Secretary Gary Locke requested that the yuan is on the list of currencies handled in the annual report issued by the Obama administration next month.

Values follow

Steria: services company in computer engineering was published on Monday a net profit group share of fiscal 2009 from 48.2 million down 6.6% compared to the result of last year.Its annual turnover fell by 3.1% at constant scope and exchange, to $ 1.630 billion, but this decrease was slightly lower than expected (-3.5%). The group expects a first semester "difficult".

NextRadio TV: The media group NextRadioTV presented Monday after-hours trade, a net deficit of 6 million euros in 2009 when analysts expected a loss of 2.7 million. The group has however decided to pay its shareholders a first dividend in its history which amounts to 0.2 euro per share for the year 2009.

Renault and Daimler have begun talks on a mutual stake in the framework of a long-term cooperation, the Financial Times.Furthermore, Renault sales rose 30% in February to 109,663 units.

PSA-Peugeot: The automaker recorded in February, up from 18.4% to 149,128 vehicles, according to figures published by the Association of European Automobile Manufacturers (ACEA).

Assystem: In a statement, the group specializes in the field of engineering and innovation consulting published under the fiscal 2009 net income group share a deficit of 800,000 euros against a profit of 25.8 million euros in 2008. Its annual turnover has decreased by 8.8% to 613.1 million euros. The operating margin from 6.7% in 2008 to 3.6% in 2008. As for the dividend has been halved, to $ 0.25 respectively euros per share.

Announced in May, the marketing of coffee pods Casino compatible with Nespresso coffee machines, breaking for the first time the monopoly of the subsidiary of Nestl? on its capsules, should lead to jostling on the shelves of super, supermarkets and mini-markets group Etienne. It could also lead to a rush in the courtroom. "We will defend our interests in a very strong," says Le Figaro Richard Girardot, CEO of Nespresso.

Ethical Coffee Company (ECC), the young Swiss company founded by a former boss of Nespresso and Casino, has negotiated exclusive distribution in France capsules designed by ECC, ensure not to violate any of the patents filed by the subsidiary Nestle. Those who protect the first generation of capsules are supposed to fall into the public domain until late 2012 payday advances .ECC claims to have found a loophole allowing him to circumvent the patent protection. "It seems very surprising to our lawyers," stressed the head of Nespresso, which states that the 1700 patent filed by the group to protect the faith the capsules and how they are used in coffee makers.

The leaders of Nespresso, which could not see, and because the capsule competing, let alone taste it, do not count undertake preventive approach, both towards Casino, ECC or its sub Folliet contractor, the roaster Chambery which supports the production of pods. But with their lawyers, they will likely be the first to rush into the shelves of Casino.

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It is the global rush on atomic reactors. Nicolas Sarkozy opened Monday morning an international conference on access to civilian nuclear technology that would bring together a thousand participants including some forty foreign ministers and the new Director General of the IAEA (International Atomic Energy Agency), Japan Yukiya Amano.

Not less than sixty States have shown in recent years with the Vienna their desire for nuclear reactors to generate electricity payday advance online . "The expectation in these countries is very strong," said an organizer of the conference. Iran and North Korea, which have violated their international obligations, have not been invited to Paris, unlike Syria and Libya.

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A small defect of throttle and it's a catastrophe for PSA. The group just defeated the recall of nearly 100,000 cars. "PSA will preventively a recall on these vehicles, the versions that could have the same defect pedal," said a spokesman for the firm. This concern of Peugeot 107 and Citroen C1 produced between February 2005 and August 2009 in the Kolin plant in the Czech Republic, that is to say "10% of the park from C1 and 107 stock, less than 100,000 cars" in Europe, added the spokesman.

Around 220,000 Peugeot and Citro?n released each year of the plant, operational since February 2005 but "only a portion of production is concerned because according to the versions, gasoline or diesel, this is not the same type of elements" that is used, he said.Both urban French car manufacturer are assembled on the assembly lines of Toyota, which produces Kolin his little Aygo. This model is one of eight that the Japanese manufacturer decided to recall in Europe for a lack of accelerator pedal.

But virtually all components of the three models are the same, which explains why PSA is also forced to recall cars. In this context, the French manufacturer will "study in the coming days and weeks with the procedures for Toyota this season" reminder, "added the spokesman.

"The limits of the Toyota"

On paper, PSA and Toyota are equal partners in their joint venture TPCA (Toyota Peugeot Citro?n Automobile) which manages the site of Kolin.But in reality, it is indeed a Toyota, the Japanese are in charge of designing and manufacturing vehicles free business cards .

For CGT Peugeot Sochaux (Doubs), the recall of vehicles demonstrates "the limits of the Toyota, denouncing a kind of production with" the minimum time to study and design of facilities, personnel and wages " and "no talk of outsourcing to the death."

The crisis facing Toyota is the task of oil and other manufacturers. Before PSA, the U.S. Ford has suspended production as a precaution for some commercial vehicles in China using the same faulty accelerator pedal as Toyota. This measure concerns, however, less than 2,000 vehicles. Besides the joint venture with PSA, Toyota owns with another Japanese, Subaru.Their factory is located in Indiana, the United States.

Toyota is forced to recall millions of cars around the world for lack of accelerator pedal detected in the United States, Canada, China and Europe. Nothing the United States, 2.3 million vehicles have been recalled over 270,000 points of Canada and 75,000 in China.

In Europe, the number of affected vehicles could reach 1.8 million. Eight models are concerned: AYGO, iQ, Yaris, Auris, Corolla Verso, Avensis and RAV4. The number of cars each country concerned should be seen "running next week," said the spokesman for Toyota.

The Japanese giant's chairman, Akio Toyoda, apologized Saturday for this one problem.World leading manufacturer since 2008, Toyota had already experienced a technical problem that forced him to recall cars in the United States due to a defect in the carpet can also block the accelerator

lefigaro.fr: Pay rates are eroding each year. Life insurance will she lose her place of savings product preferred French?

Fran?ois Longin: This term is preferred savings often used but it is not really the case for at least two reasons. The first is financial. The product units accounts sitting on the CAC 40 have suffered from the crisis. As for funds in euro, eroding their earnings. 5%, it rose to 4.5% or 3.8% for some. But with returns that remain between 3% to 4%, life insurance remains more attractive than money market products whose performance flirts with 1%.The second reason is related to the reform of inheritance tax since 2007 has lost a little interest in life insurance.

Life insurance is it still a good product transmission?

The tax rules for the transmission of money invested in life insurance have not changed, but the reform of inheritance taken by the Government to facilitate such donations, has lost its interest in life insurance. Particularly as regards the succession between spouses. However, holders of life insurance can now pay up to 150,000 euros to each of their children, not inheritance. This allows for example a couple with two children to give each of them 300,000 euros for free.Beyond 150,000 euros, the transmission is taxed at 20%.

What issues should I consider before choosing a contract of life insurance?

Before choosing an insurance-life, we must address three key points. The profitability, risk and liquidity funds. Profitability, in other words, the compensation offered by the contract is important. It will depend on the type of support. Either you invest in a fund in euros, based on government bonds and the yield will be between 3.5% and 4.80%. Whether you choose the fund units of account, also called multichannel, whose performance is more important because you take more risks by investing in shares or funds to emerging markets. It's more risky, but the year after, people who have invested in French shares have gained 20%.

It must then linger on the liquidity of funds.The money is not actually blocked, but it is more or less detrimental to withdraw money before age 8.

Finally, we must be vigilant about fees: entry fees, which disappear on the Internet, and management fees that range between 0.6% and 1% under the contracts.

At what age is it interesting to take out life insurance?

The tax treatment of life changes during the life of the insured. Over the insured later withdrew the money invested is more interesting. Insurers therefore recommend to take a contract as soon as practicable, to date, and this even if the person is simply placing a small capital without making further payments in the first place.When young, you can also take more risk and choose unit-linked contracts account for more attractive returns.

Can we rely on contracts offered on internet?

They are good products in the sense that it has internet access to the same fund as the insurance contracts traded in the "real world", with more direct access to place orders. Other service not found with traditional life assurance: all orders have a written record, the process is to me more reliably than through an intermediary. The sites of online brokerage also offers advice and simulations. Opting for a contract on the internet, however, implies that one has some experience of financial investments.

When prey is, UFC Que Choisir not let go. Just weeks after a complaint filed against the provider of Internet access (ISP) Free to improper billing of the hotline, the association of consumer advocacy attack again for collective redress "many and various unfair and unlawful" .

The UFC has assigned the Free interim High Court of Paris as part of an accelerated procedure. A decision motivated by complaints from several consumers who feel cheated by the rules of subscription and advertising provider. As the class action (editor's note: class actions in the courts) are impossible in France, is in his own name as the association claims 535,000 euros in damages.If Free is considered in the light of competition law, this amount could rise to 96 million, or 10% of the turnover of the company.

Unfair

Among the problems raised by clients and accepted by UFC, several relate to the conditions of sale. It is alleged the ISP to pre-check the option "Service Plus" in the subscription forms online so that this option costs EUR 9.99 per month. Worse, this addition does not appear in the sum total of the subscription rises to 39.98 euros per month and not 29.99 as stated. UFC has also criticized Free to impose a payment by debit to its subscribers. If they refuse, they are forced to pay a deposit of 400 euros to pay 4 euros per month extra.

And if the customer decides to cancel his subscription, it will take a period of one month instead of 10 days imposed by the Chatel Act. In addition, he must pay 96 euros less than 3 euros a month old. A change of address or request new equipment redo the note up to 96 euros automatically. "These practices are harmful. Free communicates on a price ceiling that is actually a floor price. Customers are direct victims, "indignant Catalina Chatellier, a lawyer specializing in new technologies at UFC Que Choisir.

Moreover, the association called for an end to the advertising campaign suggesting that provider with Free, the customer has all-inclusive. UFC said that in the ? 29.99 that it cost to subscribe, like all other ISPs, calls to mobiles and special numbers are not included. Advertising can be misinterpreted.Similarly, the joint venture on so-called exclusive services actually are not as fast-Fi or parental control software.

"Most ISPs have policies effective sales and marketing as they come to pass in a few seconds a message of clarity and simplicity to consumers who actually is not," said Master Yann Lorang, Attorney at Law, Jakubowicz Mallet-Guy and Associates. "Today the drafting of terms of business of selling has become an art in that it must juggle the provisions protecting consumers while preserving the relationship of trust – and thus the imperative of return – between the operator and its customers, "said the lawyer.

Asked about the issue, Free declined to give his version."We do not comment on subpoenas in general and that it no longer," said a terse email from the Communications Department Iliad, the parent of Free.

History

Free is not his first assignment in the courts. Already in 2006, UFC Que Choisir had complained to protest the excessive taxation of calls to the hotline. In 2007, the ISP was forced to appeal a court decision sentencing him to repay three customers and remitted to the association 20 000 in damages for the same problem.

Last October, UFC Que Choisir was again to report a complaint hotline maintained an unfair price by 34 cents the minutes despite complaints. In November, the legal troubles continue with a historic decision of the Court of Cassation.This gave reason to a customer who complained Free to pay its entire supply Triplay (Internet, telephony and television) as he received no television. The court noted that the supplier is under an obligation of result when the services it offers. A decision should set a precedent.

Criticized for its lack of goodwill in the implementation of court decisions, Free found himself back on the wall. UFC Que Choisir hopes this time change its behavior. "They have everything to gain by giving a better image of themselves," says Catalina Chatellier.

More broadly, the decision to be taken following the hearing on March 9 should have a wider scope in the world of ISP. "Only the actions of this kind, not the individual claims mediators, can alter these contracts to more equality and fairness," said the lawyer Yann Lorang.

For Free, which should be awarded the fourth license at the end of the year, the new ads come in any involuntary case to a very bad time.