On Wednesday morning, Asian stock markets are moving in the positive. This early morning, the Bank of Japan also announced that it retained its interest rates to 0.1%. The World Bank, East Asian development is driving the global economic recovery, but these countries need reform to enjoy sustained growth.The institution expects an increase of 8.7% of GDP in the area in 2010.

Around 8:15 am, the CAC index futures expire in April 2010 predict an opening near balance (-0.01%).

Rich economic news

Side Europe, INSEE and ISAE Ifo and its equivalents, will unveil their outlook for the second quarter of the year. At 11 hours, the GDP of the eurozone in the fourth quarter of 2009 (third estimate). At the same time, will be published the second estimate of the composite PMI services for the month of March, and prices for industrial production.

In the U.S., weekly stocks of crude oil will be reviewed by financial operators. Oil is quite stable in anticipation of these figures, but quickly approached $ 87 in recent days. Investors anticipate a rise in global demand.The Qatari Minister of Energy Abdullah al-Attiyah said Tuesday that it was not necessary to bring OPEC to discuss soaring prices at the highest in a year and a half No credit check payday loans.

At 19:30, the Fed chairman, Ben Bernanke, will speak on "Economic Challenges past, present and future. A speech certainly scrutinized closely in the wake of its decision on rates. Any change of address would be taken seriously.

Finally, at 21 hours, the figures on consumer credit in the U.S. in February.

Using concrete for Renault and Daimler

The Franco-Japanese alliance Renault-Nissan and Daimler, the German manufacturer Mercedes and Smart have announced equity cross-holdings of 3.1%, and a broad industrial partnership.The Renault shares surged 3.86% to 36.87 euros at the close yesterday.

Carrefour prepares to leave Portugal, reports Le Figaro. The retailer will start selling the 524 hard discount stores it operates in this country under the banner Minipre?o. Their turnover has reached 915 million euros in 2009.

Rentabiliweb Specialist monetization of online and offline audiences, today announced it won a bidding group France Televisions in order to monetize the sites hearings France Televisions Interactive.

Deinove today launches his bid for the purchase of shares. Offer clot April 20 and the first titles will be on the Paris stock exchange – Alternext – from April 21. The "greentech" hopes to raise from 12 to 15 million euros in the financial markets to fund its research.

Maurel and Prom will publish its annual results after-hours trade.

INSEE opened the dance of the ads shortly before the opening with the announcement of a debt to France of 77.6% of GDP, against 67.5% of GDP in 2008. The deficit was up 1.8 point to 7.5% of GDP in 2009, a figure slightly less bad than expected (7.9% expected). The deficit increased a total of 80.1 billion, reflecting a decrease of 4.3% of revenue and an increase of 3.8% of spending, Insee said.Note also the producer prices rose 0.1% in France in February after rising 0.6% in January.

Moreover, the annual inflation rate of the euro area amounted to 1.5% in March 2010, according to a flash estimate issued today by Eurostat, the Statistical Office of the European Union. This figure covers 16 countries using the euro represents the largest increase since December 2008. It was 0.9% in February. As for unemployment, it has reached 10% in February against 9.9% the previous month, which is the highest level since August 1998.

An abundant macroeconomic news

Across the Atlantic, the eyes will be on the ADP figures of employment in the private sector in March, which fall at 14.15 (this is the employment figures to be released Friday which are expected by most investors).In February, U.S. employment was revealed better than expected. The unemployment rate was 9.7%.

Half an hour later, the economy of the Chicago area over the same month that will be scrutinized by investors. Then, 16 hours, industrial orders in February will register on the radar screens of traders. Finally, at 16:30, the weekly inventory of crude to the United States will be made public.

Other noteworthy events this Wednesday for the first time a foreign minister, namely the French Minister of Economy Christine Lagarde, participates in the German Council of Ministers, devoted in particular to a stabilization fund for banks (9:30).She then held a press conference with his German counterpart Wolfgang Sch?uble at noon.

Societe Generale court

The French bank Societe Generale (+0.32% at 46.86 euros) must respond to a complaint filed in Court of New York by pension funds and individual investors who accuse him of having lost the money.

Axa remains in the green (0.27%, to 16.52 euros), while S & P downgraded its rating on the stock.

Regarding EADS (+1.11% at 15.05 euros) and the American tanker, Barack Obama, during a press conference in Washington with Nicolas Sarkozy, said he wanted to "avoid protectionism. He promised a selection of "free and fair" contract for 35 billion euros.

It Schneider Electric continues to lead the CAC 40, with an increase of 2.21%, to 87.32 euros.Vinci rises by 0.42%, to 43.99 euros, still boosted by his victory over the tender to 7 billion euros for the TGV south-western France.

Later publications, the leading Internet ad Adenclassifieds saw its net profit fall by almost 88% last year. But signs of recovery appear since the end of 2009.

On Wednesday, Orpea, a leading French farmers institutions comprehensive care for dependents, issued a rebound in net income of 26.1%, to 61 million. The title climbed 0.72% to 30.72 euros.

Neopost back him, from 3.74% to 58.95 euros. The group saw its 2009 net profit decline of 5.7% to 147.9 million euros.

The NYSE is cautious on the eve of the monetary policy meeting of the Fed. The Fed should keep its no surprise key interest rate near zero and reiterate its commitment to maintain a low level for a "prolonged period". More than the rate decision widely expected, investors will scrutinize the speeches of leaders of the U.S. central bank.They watch for a possible change in tone or vocabulary that could be the harbinger of early recovery in interbank rates, especially after raising the discount rate last month.

In this atmosphere, the figures for industrial production go unnoticed. However, the latter rose in February by 0.1% from the previous month, while analysts believed it had stagnated.

The surplus balance of U.S. capital flows to long-term investments declined in January to $ 19.1 billion against $ 63.3 billion the previous month, according to data published Monday by the Treasury Department .

Greece returns to the heart of concerns

In addition to this national event, the U.S. financial markets keep an eye on the statements that filter the meeting of European finance ministers on Greece.On Monday and Tuesday until tomorrow, they must define the details of plan using Greek estimated at over 20 billion euros.

But the markets seem to regret the lack of clear announcements about it. This anxiety is the euro down. The European currency loose 0.75% to 1.3669 dollar. In turn, the rise of the dollar penalizes values to raw materials.The oil companies Chevron (-0.73% to 73.16 dollars) and ExxonMobil (-1.14% to 66.04 dollars) were penalized by the decline in oil prices payday loans for bad credit .

The maker of construction equipment Caterpillar gave up 2.12% to 59.08 dollars and aluminum producer Alcoa 1.10% to 13.45 dollars.

Wal-Mart stands

Amylin Pharmaceuticals climbed 15.25% to 23.35 dollars, boosted by the announcement that the FDA does not need more data on its anti-diabetes drug.Boston Scientific has screwed him for 13.24%, after stating that he was stopping the sale of a defibrillator.

The energy sector was also facilitated by the acquisition of sites for exploration and production of shale gas from Dominion Resources (0.28% to 39.58 dollars) in the Appalachians, to 3.475 billion dollars in cash by Consol Energy (-9.96% to 48.62 dollars).

Wal-Mart was distinguished with an increase of 2.76 to 55.39 dollars, supported by higher recommendation to "buy" by analysts at Citigroup.

The title of the parent company of Calvin Klein, the Philips-Van Heusen, jumped 10.08% to 52.56 dollars. The group will buy the brand of leisure wear Tommy Hilfiger in UK investment funds Apax Partners.

Google (-3.42% to 559.74 dollars after opening under $ 565) could close its search engine or a part of its activities in China.Google Chinese news should be limited to official newspapers. 36% of Google revenues in China are related to its search service. "Baidu, its main competitor, would be the main beneficiary of the partial withdrawal, analysts said Aurel BGC.

The Pentagon has dismissed the accusations of protectionism could give time for EADS to prepare a rival bid by the Boeing (-1.07% to 69.08 U.S. dollars) contract for refueling tankers.

The results of FedEx for the third quarter are expected Thursday. The numbers of specialist courier services is considered a leading barometer of business activity. Titles rise of 1.09%, to 87.12 dollars.

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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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

Macau and China signed in 2003 a trade agreement (the CSIO), strengthened several times since. This agreement facilitates the access of goods and services macanas to mainland China. The trade has more than tripled between 1999 and 2008, reaching $ 2.91 billion last year.According to a report released December 16 by the Ministry of Commerce of China, mainland China was the third largest investor in Macao in late September, after the United States and the European Union, a non-financial direct investment of 623 million dollars.

Jubilation in the city of Macau, just after the handover ceremony. Photo credits: AFP

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.