International Headlines and Stories

Tension mounts for the closure of the practicalities of the second bailout of Greece, whose general principles were agreed at the summit on July 21. Brussels wanted to have everything completed in late August. But three days before the deadline – informal – discussions are still underway, slowed by the problem of guarantees required by Finland, while in Athens, further fueling fears of fiscal slippage blur.

Finland does not swerve: before committing, it requires collateral equal to its participation in the assistance plan. A headache for officials in the euro area, who fear back into a turbulent period when investors are recovering to question the solidarity of 17. Friday again, negotiators from ministries of finance in the euro area have tried to find a way to break the deadlock."The main obstacle is political," sighs one in Brussels.

The case was the seed from July 21. Helsinki was signed on the condition that a clause be added to the text, to provide for the establishment of safeguards "where appropriate". The application of this provision could have significant impact if other countries like Austria, Slovenia and the Netherlands for example, demanded similar treatment. Last week, Moody's had warned against a possible delay of the plan of aid to Greece that could "precipitate the collapse of the country."

German Chancellor Angela Merkel herself denied any plan leading to preferential treatment of one country over others.Several tracks are given for the guarantees, which could be pledged in the form of real estate or shares in companies or public institutions.

Special Session

However, it becomes urgent to complete the text before the bailout vote by national parliaments guaranteed approval cash loans. Greece this week to begin a new round of discussions with the Troika (ECB, European Commission, IMF), for the release of the next tranche of aid this fall. However, the Greek finance minister, Evangelos Venizelos, spoke Friday a possible fiscal slippage as a result of austerity measures administered in the country with an expected contraction of GDP "above 4.5%" in 2011, instead of – 3.5% originally envisaged."This does not mean that we revise our goals," down, assured the minister, promising to lead as agreed including privatization expected to report 50 billion euros.

The questions also feed threats of Athens on the possible cancellation of its debt exchange, if too few bankers involved in the operation. It tempers the case in Brussels, in holding that Greece seeks above all to "speed things up a bit."

These latest developments in the debt crisis will be extensively discussed in Parliament today that the European Commissioner Olli Rehn, the head of the Eurogroup Jean-Claude Juncker and ECB President Jean-Claude Trichet, are expected for a special meeting of the Committee of Economic Affairs.This is probably an opportunity for parliamentarians to advocate the introduction of euro bonds and the extension of European fund rescue currently has 440 billion euros. Sunday, the president of the European Financial Stability Fund (EFSF), Klaus Regling, told Spiegel that the euro area is expected to overcome the debt crisis "within two or three years."

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"The major difference between the 2008 crisis and the looming today? This time, we should not expect China to save the world to the tune of hundreds of billion yuan stimulus plan. "For this manager, the situation of China explains much of the current stock markets tumble world. Everyone is afraid now a powerful brake on the side of Beijing. However, a slowdown in the Chinese economy could dangerously jeopardize the recovery of the entire planet.

This brake application that profile every day, while inflationary pressures continue to weigh on Beijing could prompt the central government to continue to raise interest rates, taking the risk of curbing its industrial growth.

The index of consumer prices rose 6.5% in July year on year, against 6.4% in June, according to figures from National Bureau of Statistics released Tuesday. This is its strongest acceleration in three years. From month to month, prices rose 0.5% in July against 0.3% between May and June

Between January and July, inflation has reached 5.5%. Far from the 4% target set initially for the entire year by the Chinese leadership. And still above the revised target of 5%.Premier Wen Jiabao warned in June that this goal would remain the government's priority, although the task is "difficult".

Ample liquidity

The July figures correspond to an expected peak of the rise in prices, which should subside in the coming months, according to most analysts. "Inflation is generally under control and, more encouragingly, the moderation of core inflation suggests that the campaign of monetary tightening government holds the price pressure on the demand side," said Matthew circumstances a economist for Moody's Analytics no faxing 1 hour payday loans.

In the short term some concerns will therefore dissipate.But the new uncertainty in global markets and weak growth prospects in Europe and the United States creates additional pressure for China, which has its hands tied in the adoption of a possible stimulus package likely to eat too inflation.

The party faces an abundance of liquidity in the economy, the main cause of rising prices. The final recovery plan adopted in late 2008 to boost the economy has led local governments to borrow up to 1.16 trillion euros, of which 80% were on loan from Chinese banks, according to a recent report by the National Bureau of audit. For now, the party seeking to stabilize its economy rather than risk a new runaway.

This also explains the nervousness that exists among senior leaders of the international situation.The countries concerned by the problems of debt and deficit must adopt policies "monetary and fiscal concrete and responsible," Wen Jiabao said Tuesday. Things are clear: the largest creditor in the world now pose the conditions before consent to any-will.

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The European Union has embarked on a spring cleaning of food labeling. And their supposed virtues to health. Energy bars Brand Gerblé supposed to boost memory? The court decided otherwise, since it ruled in favor of a consumer association by calling the advertisement "misleading." Currently, the national association of consumer and user (CLCV), one of the largest of its kind, which is in litigation against the giant Candia. At the heart of the debate, promises related to the consumption of milk Silhouette Active expected to play a role in appetite.This drink, ensures the manufacturer, would be "natural source of calcium and low in fat" and contain "a revolutionary active ingredient that helps you eat less at the next meal."

It is to fight against the proliferation of misleading health claims that since 2008, the European Food Safety Authority (EFSA) is working on the content of thousands of labels. Manufacturers of each EU country provided their respective states, which were to follow EFSA, the allegations they wanted to use and the scientific literature. Thus 44,000 cases arrived at the office of the Authority for food safety. But after having eliminated all the duplicates and health claims related to plants that will be discussed later, the experts themselves to verify the actual 2760 scientific assertions.Among these products boasting of "antioxidant", "anticholesterols", "good for your bones", others favor the "removal of the water" by the kidneys, or some highlighting the "energy "and ensure the" vitality ".

Poorly supported arguments

Analysis of the EFSA has not focused on products but on their components. "In the end, only 20% received a positive opinion and 80% were eliminated, 'the officials of the Authority. For several reasons: incomplete files or too vague, and poorly supported arguments and sometimes a little wacky documents. "About the effect of a vitamin on the hair, companies have provided scientific studies do not speak of the vitamin or no hair," says Professor Ambrose and Martin, one of the experts of the EFSA.Besides a folder containing … the activity report of British Airways!

The 500 claims remaining in contention are only the opinion of the EFSA. The final list will be established in the coming months by the Member States on a proposal from the Commission. This could happen in 2012. Knowing that the industry will still have six months to adapt, the actual implementation of the measure expected in early 2013. John Dalli, the European Commissioner for Health, said he wanted to "regulate an opaque market."

"The idea of ​​improving nutrition labeling dates back several years, observed with some skepticism Inserm researcher Pierre Meneton, salt specialist, who believes that the excess sodium chloride is the cause of 30,000 to 35,000 deaths per year in France.But this work on a reform of European labels have long been in a drawer. "It remains to be hoped that the work undertaken by the European does not remain a dead letter.

Regulation eagerly awaited by the Directorate General for Competition, Consumption and Fraud Control (DGCCRF). Because if Europe says the regulations, that the DGCCRF have the burden of verifying the reality of its application. "Before, companies benefited from a regime of almost total freedom," said William Cousyn, in charge of the nutrition issues. And it was the DGCCRF to prove fraud. The latter was particularly common: "95% of scientific claims that the DGCCRF asked us to check proved wrong," adds Martin Ambrose who is also expert at the National Health Security (handles).

For the DGCCRF, the label control will be facilitated since each claim will match a specific list of ingredients required. For the industrial sentenced for false advertising (in legal terms, we talk about deceptive marketing practices), the fine can reach 375,000 euros although it is rarely the case. Actually, what bothers most companies, it is the bad publicity generated by such trials. "The biggest deterrent is ultimately to include excerpts of court decisions on packaging, says Mr. Jerome Frank, one of the lawyers of the UFC-Que Choisir and CLCV. Should somehow punish them by where they have sinned. "

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"Power" light "into question

Back in the red for the Paris Bourse. At the opening on Monday, the CAC 40 index drops 0.76% to 3813.50 points. Just relieved by Greece, where the leaders of the euro area have managed to agree on a rescue plan, investors are concerned about the United States. The elected representatives of the U.S. Congress again tried Sunday to reach an agreement on raising the debt ceiling, but without success.

While the Speaker of the House John Boehner had slammed the door to negotiations with the White House on Friday night, negotiations continued behind the scenes throughout the weekend between the Democratic allies of President Barack Obama, the Senate majority and their Republican opponents, who control the House of Representatives. But John Boehner told his troops on Sunday night that no breakthrough had yet been obtained.The head of the Republican majority in the House, Eric Cantor, considered the arguments of President Barack Obama "politics and indefensible."

The situation becomes very tense nine days of the deadline mentioned by the Treasury before a default. This morning, this concern has led to a relapse of the Asian markets. For their part, the U.S. markets, which had already ended Friday without direction, were on the downside Sunday night in electronic trading at the end of the weekend.

Greece is also in the news: Moody's today lowered the country's sovereign rating of "Caa1" from "It" with a development, saying the country was still facing major challenges medium-term credit.

Oil down

On the currency side, the dollar is penalized. The euro is rising against the greenback at 1.4367 dollar.Oil is also down. In morning trading, a barrel of "light sweet crude" for August delivery lost 1.08 dollars to 98.79 dollars. That of Brent North Sea crude for September delivery lost 60 cents to 118.07 dollars.

The American situation is also the only concern when no market indicator is expected on Monday.

Values ​​to follow

Areva: -1.83% to 24.88 euros, EDF: 0.28% to 27.24 euros

The new president of Areva, Luc Oursel, who succeeded Anne Lauvergeon end of June, will make his first official Monday by hosting one of its plants EDF's CEO Henri Proglio, showing the warming of relations between the two groups. EDF and Areva have signed an agreement at that time technically and commercially, prior to a more ambitious partnership signed in September payday advance.

Banking

Crédit Agricole (-1.87% to 9.25 euros), BNP Paribas (-1.75% to 47.96 euros), Societe Generale (-1.75% to 37.41 euros), Axa (-1, 60% to 14.10 euros) suffer from degradation of the note of Greece by Moody's.

Axa, while welcoming the agreement reached by EU leaders on Greece, the insurers of the French Federation of Insurance Companies (FFSA) said they consider positively their participation in the project initiative of private investors in As part of the options.

Score: -0.24% to 18.50 euros

The reinsurer Scor said on Monday a 22% growth in constant currencies, the treaty renewals in non-life and specialties of the 320 million of premiums up for renewal in mid-year.

Saint-Gobain: -0.69% to 42.18 euros

The group will buy the network and Brossette Build Center in Wolseley.

Unibail-Rodamco: 0.51% to 158.30 euros; Klépierre: -0.13% to 27.14 euros

HSBC has initiated coverage of Unibail-Rodamco to "overweight" with a target price of 175 euros and raised its recommendation on Klépierre to "underweight" to "neutral."

LVMH: 0.08% to 129.35 euros

Consob is considering a complaint from an investment fund over the price offered to pay the French to buy the balance of Bulgari, confirmed Sunday a spokesman for the Italian stock market.

Total: -0.11% to 39.41 euros

The oil amounts to ten billion dollars (seven billion euros) of investment needed to develop the oil field north of Moho Bilondo off the coast of the Republic of Congo, said its CEO, Christophe de Margerie.

Valeo: -3.94% to 45.35 euros

The group announced Friday that its U.S. subsidiary Valeo Inc., based in Troy, Michigan, had received a request for information from the U.S. court as part of an antitrust investigation.

Fimalac: 0.29% to 27.90 euros

The group announced a sales increase of 11.9% on a comparable basis to 515.8 million euros in the first nine months of fiscal year 2010-2011.Its subsidiary, the rating agency Fitch Ratings has led to an increase of 11.7% of its turnover over the same period to 401.5 million euros.

After market, Seb and Klépierre publish their half year results, April Group will announce its earnings for the second quarter, Faiveley the first quarter. Mercialys and STMicroelectronics will publish their results for the second quarter.

LE FIGARO: – Earlier this week, you have participated in the meeting of the Eurogroup and Ecofin, the decisions taken are sufficient to stop the crisis?

Baroin: – The message that the Eurogroup has this week sent a strong message. The finance ministers of the euro area have confirmed their absolute commitment to safeguard financial stability in the area. The tools we have, I think of course to the European financial stability, will be of use will be more flexible and less costly for the recipient countries. We also reiterated our commitment to conclude as soon as possible a program that covers the financing needs of Greece for three years.

Greece, Portugal, Italy, France is currently immune to this crisis.Do you fear a contagion affecting our country?

Thanks to the reforms carried out and control of public finances that we pursue with determination, France, like Germany, has the confidence of investors on our sovereign debt deemed safest. France is indeed one of the seven countries in the euro area receiving the highest rating. This lowers the cost at which borrows France. Of course, we can not satisfy disruption affecting the markets for several days.

What are the flexibilities of the presidential candidates subject to the supervision of rating agencies?

There is no doubt that some projects are completely out of time exceeded. To that of PS, I will be tempted to say, it is worn, tired, to paraphrase one of their former candidate.It is unrealistic, if not more, in 2012, to propose the creation of hundreds of thousands of public employment. It is irresponsible with regard to the preservation of our growth to provide a fiscal impact of an increase of 50 billion euros in taxes.

Bertrand Delanoe suggested a special tax on high incomes to reduce debt the state …

We are totally opposed to the creation of an upper marginal tax on income. As part of the tax reform that I reach we have ruled out this hypothesis. A working group will be in the coming days to establish, in the draft 2012 budget law, a contribution on income from extraordinary or extravagant as stated by the Prime Minister. It's a big difference with a windfall tax on the income desired by the Socialists.This is not the same political project.

The Finance Act provides 3 billion saving on tax loopholes. This will be enough?

Again, our goals are intangible and deficit are the backbone of the construction budget. It is very likely that we will go through the Finance Act 2012, beyond the three billion reduction in planned niches. At what level should we stop. There is still a bit early to say but that is where we are heading.

Martine Aubry accusing the Elysee Palace to spread rumors about his private life …

As a candidate in the presidential election went a bit unnoticed, to give relief to its trajectory, it targets the Elysée and the UMP.It's a bit ridiculous.

It is a sign of weakness?

If you add up the silence that followed the important announcement of his candidacy, that sense of unseen, the socialist project, and now this news on rumors, I do not think it is up to the challenges that France will through next year.

How to convince Borloo not be a candidate in 2012?

It's very difficult to explain that we are stronger by being divided only by being united! It is very difficult to explain that participated in the affairs of the country for so long and be an alternative project.Therefore I think it will be very difficult to find a chamber at the presidential majority as the election period will need to gather all the forces present in the majority in the service of Nicolas Sarkozy.

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It's a heavyweight who joined the circuit on Tuesday from the Banque Populaire Group in sailing. Loick Peyron (5 league titles on the circuit Orma, winner of the 2nd edition of the Barcelona World Race with Jean-Pierre Dyck, twice winner of the Transat Jacques Vabre) became the new skipper Maxi Banque Populaire V. In Focus a single objective: toppling the Jules Verne Trophy record held since March 2010 by Franck Cammas on Groupama (48 days 7 hours and 344 minutes). A world tour tried – and failed – by the Banque Populaire Group in early 2011, with its iconic skipper Pascal Bidégorry.

"Loïck Peyron is someone who has an aura in sport," said Olivier Klein, CEO of commercial banking and insurance BPCE. The arrival condition of the sailor of 52 years are clear."He joins us for the period 2011-2012 in particular for the record attempt the Jules Verne Trophy," he says. Our goal was to find someone whose legitimacy was denied on the circuit and whose track record enabled him to succeed this season. We have an appetite for victories and high standards, "he adds. The Jules Verne Trophy is also a family affair for the Peyron. Bruno Peyron in a three-time holder with two ships, Commodore Explorer, and especially Orange 2.

Tight schedule

The timing of Loïck Peyron and his crew are more than busy, with a break-in period that may be very minimal entry into the heart of the matter will soon June 17, SNSM with the trophy (won by Loïck Peyron in 2008), followed by 13 to 15 August it will be time for the Fastnet, before positioning itself for a new record attempt the Jules Verne Trophy this winter.

Present in sailing for 22 years, Banque Populaire bet on the "giants of the seas." The group was one of the pillars of the circuit Orma, and has developed no less than 5 multihull ocean. In 2006, the bank of the sail is the choice of major records. "We found an alternative to these big races, but with the demise of this circuit, we had to get into the big record," says Chantal Petrachi, communications director of Banque Populaire. That's when we started the construction of the maxi-trimaran 40 meters. Cost of operation: 11 million euros.

With the arrival of Loïck Peyron, the Banque Populaire loop device sail for its 2012 edition, year of the next Vendée Globe. The Team has established race team, led by Ronan Lucas and no fewer than three major projects.Besides the Jules Verne Trophy, the bank is engaged in the Imoca circuit. In April, former skipper of Brit'Air, Armel Le Cléac'h, joined the team to retrieve the bar of the old monohull Foncia, bought late 2010 and refurbished by the bank in anticipation of the next Jacques Vabre and the Vendée Globe. Jeanne Gregory, the group is also engaged in the Figaro circuit.

"Three in four French people know Banque Populaire bank as sailing. We therefore had to have a comprehensive approach on the sector, for example, from clubs and sailing schools. The veil is a very high surface exposure for a brand because we give our name to a boat or a team, "says Olivier Klein.The Banque Populaire Group is also a partner of the French Sailing Federation for 11 years, it maintains the history of the Pen Duick alongside Eric Tabarly association and supports teams of France's Olympic sailing next pure OJ London.

The health alert was launched Thursday by the European authorities. Three cucumbers from Spain, and perhaps also from the Netherlands, are the cause of the contamination of 276 persons to the enterohaemorrhagic E.coli (EHEC) in Germany. Two have died after contracting hemolytic uremic syndrome, which manifests itself especially by bloody diarrhea.

Across Europe, national health authorities are looking into whether contaminated cucumbers are on their soil. Result of this tracking, Friday morning, Denmark indicated that the lots were problematic in two wholesalers. These have been withdrawn from sale. The Danish health agency recommended that consumers not eat raw cucumbers from Spain or tomatoes and salad from northern Germany.

"In the midst of proceedings"

In France, the hunt is underway."To our knowledge, there is no contaminated lots in France," said a spokesman Interfel, the professional association for fruit and vegetables. Thanks to the labeling requirement, it is possible to reconstruct the path of the affected vegetables from producer to distributor, even when a lot was broken by a wholesaler. "We are proceeding rapidly," nuance does one side of the DGCCRF (Directorate General for Competition, Consumption and Fraud Control).

The tracing stops when the product was sold, investigators can not trace back to the consumer's fridge. Germany is a major consumer of cucurbits in Spain. She is also the first client, with 80,569 tonnes imported in the first three months of the year, according to figures from the inter Spanish fruit and vegetables.France has for its part consumed 13,294 tons of cucumbers in Spain over the same period.

Health authorities are uploaded to the producers of cucumbers, organic gardening regions of Almeria and Malaga. Investigations have been launched in Germany to determine if other cucurbits infected come from other regions. In Spain, "the Andalusian authorities are currently investigating to find out where the contamination and when it occurred," said a spokesman for the Spanish Food Safety Agency (EASA).

"We do not know where is the contamination occurred and the European Commission highlighted the fact that it occurred outside the country of origin" of cucumbers, said Friday the Spanish Minister of Agriculture Rosa Aguilar.So far there is no evidence and there is no evidence that this could happen in the country of origin. "

Washing vegetables

The Spaniards are wondering, according to a European source, if the cucumbers were not contaminated by falling on the ground at Hamburg. "Usually, vegetables are not high-risk products, but may be soiled or in contact with the ground during transport," says one to the DGCCRF. Wash and peel vegetables would reduce by almost 90% less chance of contamination.

With the advent of smart phones, the Internet began to transform into mobinaute. The shoppers follow the same path, after an initial study on m-commerce ", conducted among more than 3,000 Internet users and sixty e-retailers. While more than one in two French has already made a purchase online (52.1%), according to the Federation e-commerce and distance selling (Fevad), only 12% of them were from their mobile, or 3 million people in total.

"The profile of m-buyer of 2011 resembles the profile of online shoppers in 2001: he is younger and more male shoppers than the average", describes Gilles White, research director at TLC Benchmark. As with the first purchases on the Internet, purchases by mobile applications currently focus on simple products, low and controlled amounts of known sites.Cultural products (DVDs, books, video games, etc..) And travel (train tickets, rentals, hotels …) are the most purchased by mobile phone. The garment sector rises on the third step of the podium by mobile sales, while it took until 2005 that the industry is growing really on the Internet. "The event model based on private sales of consumer responsiveness explains this very good performance. The e-mailings and alerts on mobile now read more than promote Internet impulse buying, "says research director of CCM Benchmark.

Click on the thumbnail to enlarge the graphic.

Some heavy

Vente-privee.com is a striking example. Launched in June 2010, the mobile application for iPhone and iPad drains already 7% of group turnover. The launch of the Android version this week should further stimulate sales my credit score."This channel is about 0.5% more revenue per month," explains co-founder Xavier Court. He said he is not totally incremental sales: "It is difficult to estimate the share alternative is that this new method of shopping," he adds.

Gilles Blanc emphasizes the heterogeneity of performance: "For some leading sites of e-commerce, m-commerce weighs only 1% of their turnover." This is the case of La Redoute: this channel, available for a year, represents 1% of sales, while the group attracted about one in six internet. "A few sites already carry nearly 10% of their sales through this new channel," says study author. The average is more around 1% of the market for e-commerce, which was 8.8 billion in the first quarter 2011 (+20% in one year) according Fevad.Among the good performers are SNCF, the first online travel agency (546 000 visitors per day), and Accor, which has sold 100,000 room nights through this channel last year and the group plans to multiply this number by 2.6 this year.

While the first application was launched three years ago in France by Amazon – second most visited Internet site, after eBay – 2011 should be the year of launch. An e-retailer in four offers a mobile version. For many players, this is a site that should be completed this year to be ready before the planned deployment of 4G next year.

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The Governing Council of the European Central Bank moves Thursday in Helsinki, according to a well-established ritual of holding its twice yearly conclave off the walls. A deliberate manner to meet the "true European". If market economists are virtually unanimous in excluding any change in interest rates on Thursday they expect the president of the ECB provides specific guidance, at its monthly press conference on the strategy it intends to .

He speaks of "extreme vigilance" on inflation, "would signal a rate hike in June," Jonathan Loynes believes, the chief economist of Capital Economics. Jean-Claude Trichet had used the term encoded on March 3. The markets had immediately concluded that the ECB would raise the following month's rate remained unchanged at 1% since May 2009.The promise was actually held on April 7, despite the disasters that had struck the meantime Japan.

A new security crackdown in June is not the assumption of the majority of experts. They recall that during the two previous phases of monetary tightening experienced since its inception in January 1999, the ECB waited three months before continuing its march forward. However, there is no doubt that central bankers in Frankfurt will launch a second strike in the summer, probably in July. "If Trichet had expressed its" extreme vigilance "on March 3, he had risen to 2.3% while its inflation projections for 2011. But the consumer price already showing an increase of 2.8% over the last twelve months and now we are heading towards a figure of 3% over the year.The ECB will have no mood to continue the cylce of rising interest rates, analysis Bruno Cavalier, an economist at Oddo Securities.

Besides the issue of interest rates, Jean-Claude Trichet, speaking on behalf of 23 members of the Governing Council will be asked about the pursuit of so-called "unconventional" monetary policy and purchases of securities State set up in pain May 9, 2010. "President Trichet will continue to indicate without any doubt that the program continues. But since there were no purchases during the past four weeks, it is clear that the ECB is increasingly reluctant to maintain such measures in place when it hardens its conventional political " according to Capital Economics.

The ECB president is sure to renew his opposition to any restructuring of the Greek debt, including the ECB holds a substantial share."Of the 75 billion euro government securities bought, more than half of the paper focuses on Greek, whose market price is currently trading at 57% of their face value (of the 10-year bonds), calculates Bruno Cavalier. This shows the potential magnitude of losses to the ECB about these operations, although its purchases have been made at prices already discounted.

The Paris Bourse continued to rise Wednesday as the U.S. markets yesterday and early this morning Asian displayed in green. The CAC 40, which arrived Tuesday night to close just above 3,900 points, moved well beyond this course: the index rises by 2.14% to 3992.30 points in mid-term, then that the session is moderated by business publications such as L'Oreal or PSA Peugeot.

Side currency, the euro resumed height and climbs above 1.44 dollars on Wednesday enjoying renewed interest from investors for the risk. Around 11:20 in Paris, the euro stood at 1.4477 dollars against 1.4334 dollars late Tuesday. The European currency enjoys a renewed interest from investors for risk.The euro was also buoyed by the success of a bond issue for Greece, which borrowed 1.625 billion euros Tuesday to three months, during a broadcast more than three times oversubscribed.

Oil, it is a mixed one, having rebounded yesterday in New York, supported by a sharp weakening of the dollar. The market remains concerned that high prices could weigh on demand and tensions in the Arab world. In morning trading, a barrel of light sweet crude for June delivery took 13 cents to 108.41 dollars.The gold, it reached a record high on Wednesday morning, climbing beyond $ 1500, supported by persistent concerns about the global economy.

Japan trade surplus sealed

In France, industrial orders rose 2.4% in February after a sharp fall in January (-6.1%), the export orders is also rising (+3.5%) according to figures from INSEE.Within the EU, the European Commission on Wednesday urged an increase of 4.9% of spending in the 2012 budget of the European Union, an extension of 6.2 billion compared to 2011, already deemed "unacceptable "by the United Kingdom at the time of austerity across Europe.

United States, 16 hours, home resales in March will be well attended, and the traditional weekly inventory of crude oil.

Japan's trade surplus plunged 78.9% in March over one year to 196.5 billion yen (1.7 billion euros), weighed by the consequences of the earthquake and tsunami of 11 March.

PSA Peugeot, Bic and publish their figures Mersen

PSA Peugeot Citroen (4.71% to 28.45 euros) posted a turnover up 10.2% in the first quarter.The automaker on Wednesday confirmed its forecast of operating results for 2011, despite a likely impact of 150 million euros from the earthquake in Japan.

Bic (6.78% to 64.30 euros largest increase SBF), which has published a net increase of 52.3% due to consumer product, and despite the cons-performance products and promotional advertising. The group says 2011 could be the result affected by the cost of raw materials.

L'Oreal (3.12% to 85.80 euros) announced a net revenue growth in the first quarter, buoyed by an acceleration in North America which helped offset sluggish sales in Western Europe.Note also that Liliane Bettencourt, heir to L'Oreal and second richest woman in the world according to Forbes, the property was recovered from the island of Arros and reflects a way of showing the public its fabulous collections of paintings, furniture and jewelry, can be read in Le Figaro.

Also note the titles STMicroelectronics (6.11% to 8.38 euros) and Alcatel-Lucent (5.15% to 4.16 euros) leapt at the Paris Bourse, driven by quarterly results from Intel and IBM U.S. that exceeded market expectations.

NicOx freefall

Saft (3.97% to 30.88 euros) announced that its joint venture with U.S. firm Johnson Controls has been selected to supply the battery system powering the electric motors of future Chinese carmaker Beijing Electric Vehicle Company (BAIC group ).

NicOx (-17.66% to 1.88 euros) announced Wednesday its decision to withdraw the application file for permission to market its anti-inflammatory Naproxcinod in Europe.

GDF Suez (2.28% to 27.08 euros) states his displeasure when the government has formalized Tuesday in tariff of electricity from nuclear power for EDF's competitors. This decision precipitated also the question of a reconciliation for Poweo, reads in Les Echos.A reconciliation with Direct Energy would make sense, "says Loïc Capéran which the group hoped a wholesale price of electricity sold by nuclear EDF at 35 euros per MWh.

Credit Agricole (2.58% to 10.93 euros) reaffirmed that successfully pass the new tests of resistance and meets the criteria of Basel III solvency without resorting to a capital increase.

The French group Technip Petroleum Engineering (2.76% to 75.32 euros) announced Wednesday it had won, in consortium with Tome Engenharia, a contract to supply equipment and monitoring of their operation in a refinery group Brazilian Petrobras.The contract amount was not disclosed in the statement.

NYSE Euronext (1.73% to 27.42 euros): Nasdaq OMX Group and Intercontinental Exchange (ICE) have sought to open negotiations on a buyout of NYSE Euronext's offering of $ 350 million in case rejection of their offer by the authorities.

Spir Communication (1.29% to 41 euros) has confirmed a target EBIT profit in 2011 after signing up 3.5% of its turnover in the first quarter thanks to its Internet operations.

Transgene (-0.88% to 12.59 euros) has issued operating income of 3.56 million euros, against 3.48 million a year earlier, thanks to increased research grants. In late March, the biopharmaceutical company had cash of 169.8 million, against 180.3 million in late 2010.Its cash expenditures amounted to 10.6 million in the first quarter.

Tonight, after market, expected sales of Accor, Schneider Electric, and APRR HighCo.