International Headlines and Stories

"The week will be very nervous," Franklin predicted Tuesday Pichard, director of Barclays stock. On the one hand, the low trading volumes (less than 3 billion at the close Tuesday, and just over one billion at mid-session on Wednesday) and other stress tests released Friday at 4:00 p.m. confirm this thesis . Since the beginning of the week, the CAC 40 index opened sharply higher supported by positive results from U.S. companies lose momentum before As the meeting. But on Wednesday, the upward trend appears to continue. At midterm, the CAC 40 gained 1.84% to even 3531, 94 points, well above the 3,500 points.The stock exchanges in London (1.50%) and Frankfurt (1.33%) advance in unison.

On the currency markets, the euro retreated against the dollar, traders were playing the card of caution before the release Friday of the results of resistance testing of the 91 largest European banks. In the morning, the euro was at 1.2867 dollars against 1.2881 dollars the previous day.

Asian stock markets closed on Wednesday in a disorganized, Tokyo lost 0.45% to 9258 points, while Shanghai was slightly higher than 0.06%, within minutes of closing.

Accor, Arcelor-Mittal and banking head CAC 40

On the macroeconomic front, the appointment of the day is undoubtedly the meeting between Christine Lagarde, Minister of Economy and its German counterpart, Wolfgang Schäuble, at 12:45 pm.The two ministers would discuss the release of such stress tests, for which Christine Lagarde said he was "totally confident". These relate to BNP Paribas (3.10% to 48.42 euros), Societe Generale (2.35% to 36.64 euros), Credit Agricole (2.64% to 9.07 euros) and Dexia ( 3.69% to 3.23 euros).

Other values to follow, EADS (2.02% to 16.40 euros), at which place the salon Fairnborough (south London) until July 25.Airbus will easily exceed its target of orders in 2010 and could set up 400 orders against 300 originally planned, said Tuesday John Leahy, marketing director of manufacturer, Reuters Insider.

The European Union has also announced Wednesday it would appeal the conviction of the World Trade Organization (WTO) on subsidies provided to Airbus.

The airlines, including Air France-KLM (1.43% to 10.06 euros) will also follow, while five air traffic controllers' unions have called a strike for Wednesday.

World production of crude steel increased by almost 28% over the first six months of the year, but the pace of growth continued to slow in June: +18% over June 2009. Analysts believe the slowdown will become even more acute in the months to come.Investors follow the impact that this announcement will have on companies such as ArcelorMittal (2.64% to 23.92 euros).

APRR (-0.02% at 53.91 euros) indicated that vehicle traffic had benefited in the second quarter of disturbances air and rail, as well as improved economic conditions. The group has published a quarterly revenue, excluding construction rose 5.8% to 491.5 million euros, with vehicle traffic rose 4.5% in the second quarter, in kilometers traveled.

Accor Laureate Award

The ball of results announcements or turnover continues: after-hours trade, Unibail-Rodamco will present its second quarter results.NRJ Group, Mersen (ex Carbone Lorraine), Cegid Sperian unveil them their turnover in the second quarter.

Accor (5.13% to 24.38 euros) has announced a growth of 5.1% of its turnover in the hotel industry in the first half on a comparable basis.The group earned a higher "backed" by its occupancy rate in the upper and mid-range and higher average prices in France, Germany and the United Kingdom.

The manager of nursing homes and clinics, Orpea (0.91% to 31.50 euros) achieved a turnover of 470 million euros, representing organic growth of 9.3% and confirmed its objectives Annual 2012.

Manitou (5.31% to 12.30 euros), a manufacturer and distributor of material handling, reported Tuesday a sharp rise in quarterly sales, but said the second half anticipate a slowdown in orders and possible impact of delivery on its turnover.

Hi-Media (-24.9% to 3.35 euros), publisher of consumer websites, has warned that its net profit in 2010 would be affected by restructuring.The group now expects an operating profit comparable to that of 2009 (16.5 million euros).

Vetoquinol (+2.4% at 26.04 euros), the veterinary pharmaceutical company, has published a turnover of 138 million euros, up 15% in the first half. The group expects to raise over 200 million euros to pursue its external growth.

Sword Group (4.54% to 24.66 euros) and reported sales of 47.2 million euros in the second quarter, up 7.8% as organic. The services company confirmed its objectives for 2010.

The recovery of steel distributor by IMS Jacquet Metals (1.93% to 29.6 euros) a share exchange transaction is now effective, IMS announced Tuesday a few days after getting the green light European authorities.The current CEO of Jacquet Metals, Eric Jacquet, has been appointed to head the new entity.

CGI Group, specializing in services in information technology and business process management has signed an outsourcing contract with Computer Systems Group distribution of electrical supplies, Rexel (1.82% at 11 , 45 euros). The contract covering a period of six years is 50 million.

If you are like me, then you are looking for a cheap health insurance plan, or at least to reduce what you are already paying.

Provide access to fiber optics to every home by 2025. A project championed by Nicolas Sarzkoy in February, which would cost 30 billion euros. If the Secretary of State for the Digital Economy, Nathalie Kosciusko-Morizet, announced Wednesday at the fourth "Focus on the high speed" it had mobilized in 2011, about 7 billion euros over four or five years, it is far short.Recall that the need for public funding is in a range of 8 to 10 billion euros in five years.

Even with two billion euros loan from the general and the possible contribution of European funds for "a hundred million a year," the senator from Eure Hervé Maurey, to prepare a report on the financing of high Speed – the first version will be given to the Prime Minister during June – ruled yesterday that it will be difficult to escape a new tax, either on business or on consumers.

"We must find a tax with the broadest possible base for the rate is as low as possible," he argued.

Traders feel targeted by the tax

This ad is not to please operators, already cooled by the tax on broadcasting.At the outset, the secretary general of France Telecom, Pierre Louette has stepped into the breach at the meeting, suspecting that those "on which the tax will fall are always the same."

As for the alternative operators, represented by the assocaition Aforst, representatives denounced a measure that not n'impulserait development project, contrary to claims Hervé Maurey. This is not by reducing "the ability of investment" is encouraged operators operators, says the group.

In March, Martin Bouygues, head of the eponymous group, has raised its voice against the accumulation of taxes and regulation in general in the area.Its subsidiaries Bouygues Telecom and TF1 suffer, he said during the presentation of its 2009 results.

2 million households connected in 2011

According to Arcep, 80,000 French households currently subscribe to the optical fiber while 800,000 are connected to this technology that provides access to the Internet so much faster than ADSL.

Arcep expects more than two million households in France connected to the optical fiber in the summer of 2011.

Free starting to invest with France Telecom

In an interview with Le Figaro on June 2 last, Maxime Lombardini, the CEO of Free, said that France has a competitive environment for Internet broadband.

He said "France is ahead" in technology."France is at the forefront in Europe, thanks to a very successful framework that enables rapid deployment of fiber networks without digging sidewalks and minimizing interference in the condominium through pooling. "

Note that operators will invest together in the optical fiber. France Telecom has also launched an appeal to its competitors. Free has responded.

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"The advent of fiber optics in homes is accelerating '

A wedding in pain. Negotiated for eleven months, the acquisition by the cooperative group Sodiaal Entremont Thursday overcame obstacles essential to its realization. The government, very involved through the Ministry of Agriculture and the Interministerial Committee for Industrial Restructuring (Ciri) has obtained the agreement of both creditors Entremont Alliance and its current owner Unifem instant payday loan. A company behind which is associated with the NPC holding the Belgian investor Albert Frere-and majority-group Unicopa.

For three months, Nestle tries the impossible in France. In a market of bottled water down the last ten years, the world number one is preparing to launch a new brand. And not just any, as this is the introduction in France of Pure Life, world's leading brand of bottled water.

"There is a French project that builds on the success of Nestle Pure Life," said Le Figaro Hubert Genieys, communications director of Nestlé Waters. The group is "by the summer" to make a decision. The weather also seal the fate of Aquarel spring water to Nestle family launched in 2000 with sales in France have not taken off.And that could eventually be replaced by the French version of Pure Life Pure Life.

Nestle Pure Life is tested in twenty supermarkets size of Le Mans and Angers, the two largest test markets in Europe, as announced last month our colleague Ray beverage. The test should be completed in the coming days, once the remaining stocks sold. "The book starts slowly," says Jean-Marc Renaudin, head of the radius drinks Leclerc Angers. "It's a grain of sand against a mountain!" He adds, referring to sales of Cristaline: the market leader – sold € 1.02 pack of six 1.5 liter bottles – sells 25 30 pallets per week (2800-3360 packs), while Pure Life, which costs twice as much, capped at half a pallet (32 packs) … In times of promotions (- 50%), however, sales may go up to four half-pallets in a weekend.In Intermarché of Le Mans, the permanent discount on Pure Life (1.02 euro) cut the lead in sales (which reads from one to ten) with Cristaline.

The linear congested

"It is completely below the cost price, these prices will not last long!" Fumed Peter Papillaud majority shareholder group Alma (Cristaline Vichy Celestine, St Yorre, etc..), Which gives the winning Figaro 0.33 euro per bottle, without promotion or communication, through reduced shipping costs to a minimum. Since he has seen at Le Mans last month, the posters of Pure Life, Peter Papillaud still furious. He campaigned against Nestlé with its distributor customers.Until patterns of signs to which he recalls that they allowed, with Cristaline, "not to lose money on the waters first prize."

The placement price of one Pure Life is strangely reminiscent of Aquarel (2.95 euros per pack of 6), a time sponsor of the Tour de France, with which Nestlé wanted to become a leader in Europe. Number two in Spain, and number three in Hungary, Aquarel never exceeded 1.5% market share in France. In several large areas of Le Mans and Angers, it has already disappeared from the shelves for almost a year. "In France, in a particularly unfavorable brand now boasts good performances, however, below our expectations," said Hubert Genieys."Aquarel suffered a mid-range position, caught between an actor unbeatable pricing and what Cristaline mineral water like Evian, Volvic and Vittel that provide reinsurance, analysis Bernard Malik, a partner the firm Roland Berger.

This does not Nestle to think big. He hopes to replicate the success story in France Pure Life number one in the United States, Egypt and Jordan, number three in Turkey and Shanghai. His recipe: low price, strong networking planning and adaptability to local consumption patterns. Launched in 1998 in Pakistan, the water present in 28 countries is natural in France, addressed to the U.S., desalinated in the Middle East, remineralized in some countries. For five years, she has an annual growth of 24%, but its presence in northern Europe is limited to Great Britain and Germany.Nestle's dream to find a recipe for anti-crisis on the French market.

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The conflict seems to be hardening in Macon, where two officers of the Essex plant have been detained on Wednesday night. The European management of the company, a subsidiary of American Superior Essex, on Friday before the High Court of Macon, hoping to secure the evacuation of the site by force.

The 80 employees of the manufacturing of copper wire, whose closure was announced in late March, dispute the amount considered "deficient" in their social redundancy. In particular, they require a tripling of the amount of the premium extra-legally granted to each employee, to 120,000 euros each instead of the 30,000 proposed by management.

"No mediation of the state under threat"

While the hope of ending the crisis seemed to prevail among employees Friday morning, the tension is suddenly rise a notch after a mediation meeting with the director of the labor and employment cash advance america. The employees were entrenched inside the plant, shutting the gate using metal buckets. The group's decision to take legal action did not come a relaxed atmosphere.

The Industry Minister Christian Estrosi said he was "deeply shocked by the behavior of a small minority of employees, reaffirming that no mediation of the state in this case was possible under threat.A statement that the employees were immediately countered that it was "more ready to condemn employees and their representatives to address the issue of concern which have been seized since November 2009."

The court is expected to decide Friday afternoon on the outcome of the appeal filed by the direction of Essex.

Greece has lived too long beyond its means on falsified data, intentional or negligent. While the previous government announced a deficit of 6% of GDP, George Papandreou, just took office in October 2009, revealed a deficit of 12.9% and public debt to 115% of GDP, while the limit Brussels is fixed by 3%. The euro fell from the clouds. Widespread tax evasion – the shadow economy exceeds 20% of GDP – bloated government spending, burden of staff: emergency measures needed. Athens offers a drastic austerity plan: reducing government spending and health spending, freezing salaries and bonuses of officials, raising the age of retirement payday loan lenders !!!???!! !???!!!. Greece promises to bring back this way its public deficit to 8.7% of GDP at end 2010, but not convincing.Riddled with debt, it will borrow 53 billion euros this year if she wants to get out. If Europe does not help, bankruptcy is a nightmare scenario that nobody wants because it could snowball. But Greece also must avoid at all costs the social explosion that growls at her.

2) Why so much reluctance in Germany?

The German Chancellor has requested that a country can be excluded from the euro area "last resort" in case of repeated infringements Maastricht rules. Photo credits: AFN

The company stationery Sequana released on Wednesday its 2009 results. Its sales are down 17.43% to 4.088 billion euros, "in a particular market deteriorated in 2009," the statement said. Despite this significant decline in activity, the group managed to improve its performance and profitability. Its operating income was up slightly to 137 million euros, which represents a rate of operating margin of 3.4% thanks to lower raw material costs.

The group returned to profit, which reached 20 million euros against a loss in 2008 of 428 million cash advance to savings account .The Board of Directors of Sequana propose to the AGM on May 19 to pay a dividend of 0.35 euro per share.

Outlook 2010

This year, Sequana plans to reduce costs and achieve superior operational performance to that of 2009. Also one of his goals is it to pursue its debt reduction that has already fallen in 2009 to 140 million euros to 651 million.

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.

Click on image to enlarge.

Friendly atmosphere in Berlin between Christine Lagarde and his German counterpart Finance, Wolfgang Sch?uble, who met Monday for a preparatory meeting at the Brussels summit. Certainly, the French minister still can not correctly pronounce the name of his neighbor, but for the rest, they gave the image of a pair perfectly consistent.

"It is for us to strengthen the Franco-German base and we consult on the question of the stability pact. We have also given our views on oversight of the financial system, "said the minister, Wolfgang Sch?uble before takes the floor:" I'll just translate what Ms Lagarde said earlier, "joked the former Minister of Interior of the previous government Merkel.

On the merits, the ministers argued over several issues.They first agreed to establish a "common agenda" on a range of topics (G20 finance …). They then discussed access to bank credit for SMEs. If both countries have said that there was no reason to fear a "credit crunch", they agreed to "proposals" together. To this end, France and Germany will "exchange of experts".

Public finances have also been at the heart of discussions on Monday. The replacement of the Social Democrat Peer Steinbrueck, highly appreciated by Christine Lagarde, told the good news: the country's deficit this year would be 10 billion less than expected.For Axel Weber, Bundesbank president and also present at the meeting with his French counterpart, Christian Noyer, it "could allow Germany to return in 2012 in the nails of the European stability pact."

"Semantic shift"

The France is also changing its official position on the thorny issue of public finances. There are a few more days, Prime Minister Fran?ois Fillon and 2014 set the deadline back to a deficit below 3% of GDP, with an "effort to reduce more than 1% per year. On Monday, Christine Lagarde said she supported the goal of reducing the French deficit to 3% by 2013. One year before the date officially adopted by Paris so far."If the situation is bad, we can not achieve this goal, was still eager to clarify the French Minister.

It may be a "semantic shift" – dixit Bercy – compared to what was the prime minister, but the political signal sent to our European partners and the Commission is far from negligible. Last week, the Brussels executive had asked to return to France from 2013's deficit in the nails of the Stability Pact. She considered him already granted an extension from its requirements of spring, because of "the deteriorating economic situation."

Finally, the question of the Presidency of the Eurogroup, "we will discuss in the coming weeks," said Christine Lagarde.

Around 12:15, the CAC 40 gained 0.05% to 3816.48 points. Operators are focused on companies that have released their quarterly results, like EDF, GDF, Rexel or Euro Disney.

On the macroeconomic front, the United States publish entries to unemployment benefits weekly at 14.30 and oil stocks weekly 17 hours.

The current account deficit narrowed in September to -3.7 billion euro in France, thanks to an improvement in the situation of trade in goods, says the Bank of France.

Within the Cac 40, the car jumped and financials slip

PSA Peugeot Citroen (5.34%) recorded the largest increase in the Cac 40. The automaker revised "markedly higher" earnings guidance for 2009.It now expects operating profit to breakeven in the second half and free cash flow positive for the year.

Rival Renault take this advertisement and allows itself 3.43%.

However, financials are misguided. The insurer Axa yields 1.49%. Topping the list of the most marked declines in the Cac 40, the title insurer is followed by banking stocks Credit Agricole (-0.98%) and BNP Paribas (-0.76%). Societe Generale fell by 0.69%. Out Cac 40, Natixis escaped this trend and advance of 2.06%.

EDF (-0.47%) achieved a turnover up 2.9% to 13.4 billion euros in Q3. The group said its production of electricity would be set back significantly over the year.

GDF Suez (-0.07%) post an operating profit down 2.7% to 10.1 billion euros in Q3.

Vietnam Airlines and EADS (+4.02%) signed an agreement in principle for the delivery of 4 Airbus A380, said Marwan Lahoud, vice president of European Aeronautic.

Eurofins Scientific achieves the highest increase in the DTH

Eurofins Scientific jumped to 11.96%, and grants itself as the largest increase in the SRD. The net group result increased by 31% to 5.9 million over the 3rd quarter, against 4.5 million euros in the third quarter of 2008.

Air France gained 2.23% after submitting the tender medium-mail that it will implement in April 2010 in order to meet the low costs airlines.

Atari (-10.16%) was sanctioned after lowering its profit target for the second half, to become an operating profit "to balance or slightly negative."The former Infogrames presented for the first half revenues up 25.7% to 68.5 million euros and a net loss of 23.2 million Euros.

The turnover of Rexel (0.95%) decrease of 19.4% on a comparable basis to 2.793 billion euros in Q3.

The net loss after minority interests of Euro Disney (-12.2%) for 2008-2009 increased to 55.5 million euros against a loss of 2.8 million in 2007-2008. Turnover 2008-2009 spring to 1.23 billion euros, against 1.32 billion in 2007-2008.

According to the Echos, the bidders for the transmission and distribution subsidiary of Areva (0.79%) each offer about 4 billion euros. Toshiba has offered 4.2 billion euros, General Electric and Alstom tandem-Schneider Electric, 4 billion.

In the third quarter, Pharmagest Inter @ ctive (+8.28%) achieved a turnover of 18.88 million euros, an increase of 12.7% over the same period last year.