International Headlines and Stories

The benchmark index of the stock market in South Korea, the Kospi, wins again at 0.92% 2115.69 points on Wednesday at 7 pm. Allowing it to enter its highest level ever in the history of the stock of the country.

Seoul Stock Exchange had already closed the year 2010 before recording a record at the close. The KOSPI surged 21.88% in 2010 to $ 2051 and points, a level not seen since November 2007. Now, the values of South Korean stock market rebounded from ground lost during the crisis, and they even display historic gains, thanks to sustained domestic demand last year, and their results.

Analysts estimate that the KOSPI could rise to 2400 points this year.South Korea enjoys good prospects for growth: as its Central Bank, GDP should grow by 4.5% in 2011.

Tokyo followed the lead of Wall Street

The Tokyo Stock Exchange ended the session on Wednesday edged up 0.36%, investors are showing more optimism about the financial performance of U.S. firms during the presentation. Yesterday, IBM and Apple have unveiled much better results than expected. Thus at the close, the Nikkei 225 index gained 38.12 points to 10,557.10 points. The broader Topix index of his side took 0.57% to 936.87 points.

Note side values, the group of electrical, electronic and computer Japan's Mitsubishi Electric said Wednesday that Japan build a new factory parts for automotive steering, looking to increase its annual production of about 70%.Mitsubishi Electric, which presents itself as a pioneer systems electric power steering, will invest 10 billion yen (90 million euros) for this new factory with an area of 38,000 square meters, which must be put into operation in August 2012.

China U.S.

Chinese President Hu Jintao arrived here Tuesday in the U.S. for a four-day visit, after a year marked by strong tensions between the two powers, with China being the subject of multiple reviews. Hu Jintao heads a country pointed to the issues of human rights and money, impossible to ignore given its economic weight and, increasingly, military and géopolitique.La undervalued the Chinese currency will be at heart talks between Barack Obama and Hu Jintao on Wednesday in Washington.Beijing to revalue its currency at its own pace, while dreaming of one yuan as important as the dollar.

The Chinese are lining up at the station in Shanghai Photo Credits: Alexander F. Yuan / AP

• The project developed for the Paris end of 2011 • INTERVIEW – "A system of transport still unknown" • The example of Antibes, a pioneer in self-service car • Share a car, the concept does not seem at all preposterous • Popular: carpool

On Thursday, the Paris city council has confirmed the voice of Annick Lepetit, deputy PS responsible for transport and chairman of the joint association Autolib ', what Le Figaro had earlier announced on its website: this is indeed Bolloré won the leasing market electric vehicles in the capital. The group, with its cars BlueCar, Veolia Transport has lost the consortium and urban Fourcity (RATP, SNCF, Vinci and Notices). Over the past fortnight, the City of Paris was negotiating with the group of Vincent Bollore. Experts have even traveled to Britain in the factory that manufactures batteries. The stakes are high.By the end of 2011, 3000 cars will be self-service in the capital as well as 27 town and stations available in 1000, including 700 in Paris. With or without subscription, the motorist can pull a car and go to a station of his choice. A project that promises to be a challenge for the operator who will win the market. Two cities, La Rochelle and Antibes, have already launched in the rental of electric vehicles, each with 50 and 10 models on their territory. But the project of Paris – Autolib '- is an entirely different dimension.

A new area

This ambitious transportation program would almost forget another, launched in the South. In March, Greater Manchester will develop 51 electric cars and 17 stations. Stated goal: 210 models and 70 stations by the end of 2012.With these two initiatives, carsharing-c 'is the name of this system, launched in France since 1999, will switch to a new area: that of ecology. We know the electric car emits less CO2. But it is also more expensive than the car heat. In its recent report on the travel mode of last November, research firm Xerfi also questioned the profitability of the Paris. "In the case of the model Autolib 'profitability even seems inaccessible, it is written, even if financial support by the city and region are provided bad credit personal loan lenders. At La Rochelle, a pioneer city where carsharing own practice for ten years, it was confirmed that it is expensive. The car costs 11,000 euros thermal cons 30,000 for the electric, "says Denis Leroy, in charge of transport to the town of La Rochelle.With fifty cars and seven stations in the city, the operating cost is 300,000 euros while revenue of 130,000 euros. Soon the city will increase to 13 stations, 70 cars and will renew the fleet: a new lease that would allow the case has been run for four years by Veolia Transport, to move towards financial balance.

Decline in traffic in town

Though costly, this choice is satisfactory. For the city, first. "In ten years, 20 tonnes of CO2 have not been rejected," says Denis Leroy. Then, the traffic in the city down. A European study, a shared vehicle replaces four to eight private cars. User-side, the car self-service appeals to all profiles, installed in city professionals such as students or mothers.Generating a monthly expenditure of between 35 and 150 euros, it also allows sacred economies.

Possession of a particular vehicle is a monthly budget of 500 euros. Car sharing thus gradually diversified its offer. Hitherto, indeed, the combustion vehicles were well represented. To date, this service is implemented in 24 cities including Montpellier, Marseille and Strasbourg. According Xerfi, he gathered 28,000 subscribers cons 6000 just three years ago. Still confidential, it is, however, "a promising market of up to 140,000 subscribers by 2015," says the study adds, "The structure and industrialization of the sector have significantly accelerated with successive entries from giants urban transport (Veolia Transport, Transdev, Keolis). "Carsharing weaves his web so gradually. But it is far from 76,000 users in Switzerland.The obstacles to its development are numerous. Among them, the difficult economic viability and visceral attachment to the French car.

"A transportation system is still too little known"

INTERVIEW – Jean-Baptiste Schmider is the director of France Carsharing, bringing together eleven companies free service.

The High Audiovisual Council has not waited 24 hours to assign the first frequency of pay DTT project of the League of Professional Football. The latter defended Monday his proposed general channel 100% football. This choice was made at the expense of Digital TV and its hybrid project Select TV Channel + and especially defending Canal + Family, a channel targeting young children and the family expected to pay DTT more attractive. But for the CSA, football on television is the most unifying and the most attractive products. The nine sages have therefore voted unanimously with one vote for this project. Only Michèle Reiser would have voted against it.

The CSA will probably also sensitive to the need to stem the omnipotence of Canal Plus pay television and its hegemony over football.However, it is unclear whether this choice favors in the future dynamism of Canal + to distribute the pay DTT. This is all that Canal + has more than a million subscribers on TNT while the operator has 3.5 million subscribers for its other offerings, including satellite.

This decision could sour relations between Canal + and The Football League who become competitors rather than just business partners. This choice will then require APF Canal + to decide a little blind to the nature of the compensatory channel: free?

Finally, the LFP has to learn a new profession, that of editor of pay channel.

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In Brussels

The Twenty-Seven and the European Parliament have failed to agree Monday night at the finish negotiations on the EU budget for 2011, expires at midnight before a final deadline. The EU may find itself on the straw from 1 January. This failure, amid power struggle in Brussels forced the Barroso Commission to submit a new draft budget. Given the time of procedure and voting, the EU may find itself without resources at the beginning of next year. She should live from month to month, under pressure from the provisional twelfths. The External Action Service, the new financial supervisory authorities and the experimental reactor ITER would be left penniless.

The standoff, which began in the summer on the credit restrictions imposed by national treasuries, moved in recent days about the power of future control MEPs.All colors combined, the Parliament finally agreed to limit expenditure growth to 2.91%. But it demands in return for having a say in deciding on the following exercises for resources as for expenses.

Political Declaration annexed to the budget

Separately, then in a final attempt at conciliation, the two powers of the EU should decide on a compromise plan: a political declaration annexed to the 2011 budget. The text, pushed by the Commission, faced the supporters of rigor as the advocates of a minimal interpretation of the influence of Parliament. Any agreement supposed unanimity of Twenty-September By early evening, the United Kingdom, the Netherlands and Denmark were still missing the call.

This group led by the United Kingdom will have been due to the consensus that was ready to emerge."I regret that a small number of member states have closed the door to an agreement on the 2011 budget," said President of the European Parliament, Jerzy Buzek, on the expiry of the deadline for negotiations. First failure of this kind for the EU since 1988, this setback leads to the stability of EU spending next year.

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The waltz of contracts with China begins. The telecoms equipment maker Alcatel-Lucent will sign three contracts with operators China Mobile, China Telecom and China Unicom worth a total of 1.1 billion dollars on Friday on the occasion of the visit to France by Chinese President Hu Jintao , which begins Thursday and ends Saturday.

These three framework agreements will allow the OEM to provide networking solutions and application, and integration services and maintenance to the three Chinese operators, Alcatel-Lucent said in a statement.

Moreover, the oil giant Total is set to join the ICC Chinese energy group to build a coal gasification plant in China, reported the daily La Tribune on Tuesday. A contract valued between two and three billion euros.Again, it is during the Chinese president's visit to France that Total has signed a letter of intent with ICC in order to build together a petrochemical production site, according to the business paper. The Chinese head of state should also sign major contracts, including Airbus and Areva.

Total is a minority shareholder in the project and provide a method for manufacturing plastic components from methanol, from himself gasified coal, a technology that aims to produce plastics with coal, natural gas or biomass instead of oil.

Nicolas Sarkozy speaks on the importance of these contracts and the duty to compromise:

SNCF strikes, road operations snails … The movement against pension reform is ongoing and continue to disrupt transportation in the country.

• SNCF

The four main unions of the SNCF announced a "significant rebound" of the strike on Sunday evening and especially on Monday, promising measures that are "badly in terms of economic consequences." "I think tomorrow we will have a strike rate that will go well beyond the 30% a little classic," assured Didier Le Reste, head of the CGT-Cheminots. This Sunday, the CGT has counted 26.55% of strikers (25.4% Saturday) while management did not provide figures.

SNCF TGV provides an average of two Monday. In detail, six out of ten trains will travel on TGV departing or arriving in Paris, and a cut on four routes in the province, said the station.TGV trains between Belgium and the province will be limited to Lille.

Moreover links between Nimes, Montpellier and Beziers are disrupted since Monday morning, 7 hours, protesters invaded the railway lines in the Gard and Hérault ..

Traffic will be greater than a second train for Transilien and TER. There will be more than one train on three trains Corail day.

The connection will be normal Eurostar between Paris and London and trains to Germany almost normal. In contrast, all Thalys trains will be eliminated due to the Belgian railway strike. Seven sets of ten work for Switzerland and the daytime traffic to Italy will be limited to one roundtrip Paris-Milan.The traffic of other international trains will not be insured.

Information:

http://www.sncf.com

http://www.infolignes.com

http://www.abcdtrains.com

The site-by-station mouvement.com also serves to check the bulletin boards (arrivals and departures) from the station of his choice.

• RATP (Paris Metro)

The traffic was "normal or near normal" throughout the metro, bus, tramway and RER line A Monday morning at 6:15, with the exception of the RER line B, where two out of three trains were circulation.

The RER B area RATP (the Paris-Nord Robinson and Saint-Remy-les-Chevreuse south), interconnection with the SNCF Gare du Nord is not assured, said the authority.

Information:

More information: http://www.ratp.fr/

Freephone: 0.800.15.11.11

• In Toulouse

The two bus depots Tisseo, the network transit Toulouse, were blocked on Monday morning by traminots and railway as part of the mobilization against the pension reform. According Delpérier Franck, head of the union south road, about 500 South and CGT activists have blocked the two deposits north and south of the city of Toulouse between 4.30 and 9.30 fast cash without a hassle. Police confirmed the blocking of two bus depots, estimating the number of militants involved in about 300 at both sites.

• At Saint-Etienne

Transit of Saint Etienne were severely disrupted on Monday due to blockage of the main bus depot and tram by about fifty protesters."There are people outside the company," said a representative of the direction of the League of Transit of Saint Etienne.

These demonstrators who blocked the exit of vehicles transport from 4:45 are mostly derived from the transport station, health and education and claim to be FOR, Sud Rail and the CGT, the source said.

• Airports

Planes taking off from Roissy Charles de Gaulle should not miss kerosene early next week as the pipeline that supplies the airport in Paris is back in service. According to the Secretary of State for Transport, Dominique Bussereau, feeding the Paris airports no longer a concern.

CGT Air France responded Monday morning by calling the blocking of airports Wednesday.

Information:

http://www.aeroportsdeparis.fr

• Road

"A dozen vehicles" led an operation on Monday morning snail on the A6, a suburb south of Paris, announced the Central Asian Regional Information and Coordination road Ile-de-France (CRICR), resulting in upstream a sharp slowdown.

In the North, a procession of 15 cars and two trucks, which will start in Lille, Labour Exchange, to get at the toll Fresnes les Montauban by the A1 highway, impeding traffic on slow and middle lanes . The left lane is free. Of strong disturbances are expected.

Maine-et-Loire, on the N1160 St Sylvain d'Anjou (5km from Angers) a fixed barrier filter was placed in the junction A11 / A87. Protesters on the tracks.The D52 is also blocked, with no access to heavy industrial zone Ecouflant.

Unions have warned of road this weekend as they prepared to tighten the movement against pension reform. "We must expand the actions and participate in events on Tuesday, had called Saturday for example, the CGT federation Transport.

Information:

http://www.bison-fute.equipement.gouv.fr

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The CAC 40 is up in the red before Wall Street. A few hours of the publication of key indicators in the United States, the Paris index shows a slight decrease from 0.24% to 3706.21 points. In London, the FTSE is 0.87% to 55,597.17 points while in Frankfurt the DAX climbed 0.66% to 6270.18 points.

The indexes are supported by the confirmation this morning announcements on HSBC manufacturing PMI.The China Federation of Logistics and Purchasing (CFLP), an organization close to the government, confirmed that he scored well in an acceleration reaching 53.8 in September against 51.7 in August.

Unemployment stable in the euro area

Still on macroeconomic statistics, growth in Germany's manufacturing sector slowed in September to 55.1 against 58.2 in August, returning to its lowest level since January and just below the flash estimate for September to 55.3.

In the euro area more broadly, the manufacturing PMI fell sharply to 53.7 points from 55.1 points in August, according to the firm Markit. This is its lowest level in eight months. This is slightly more than expected in a first estimate, which gave an index to 53.6 points.Unemployment remains stable in August to 10.1%.

Again this Friday, the meeting promises to be volatile due to a new set of indicators to be released in the U.S.. Among them, income and household spending and construction spending in August, the index of consumer sentiment and manufacturing ISM September.

Side currency, the euro climbed above the threshold of $ 1.37 for the first time in six months and a half. Around 10:40, one euro was trading 1.3725 dollar. Market rumors circulated about a possible intervention by the Fed would buy government bonds.

The automobile in order to keep

Oil stocks were among the highest increases in the ACC on Friday.Total securities (2.02% to 38.57 euros) and the oilfield Technip (1.54% to 59.90 euros), Vallourec (1.07% to 73.65 euros), CGG Veritas ( 4.53% to 18.83 euros), Maurel et Prom (1.59% to 10.25 euros) and Bourbon (1.59% to 30.42 euros), progressed strongly in mid-session. Brent North Sea rose Thursday to more than $ 82 a barrel, a threshold he had crossed over since August 6.

Bank stocks are also well oriented on Friday. Dexia (+0.28% to 3.24 euros) and Credit Agricole (+1.18% to 11.60 euros) announced Thursday it had formed a partnership in the commercial banking industry in France aimed at local authorities. Furthermore, GDF Suez (0.67 to 26.43 Euros) Thursday bought Societe Generale (+0.39% at 42.41 euros) its 49% stake in Gaselys specializes in energy trading.Baudouin Prot, CEO of BNP Paribas (-0.65% to 51.83 euros), spoke Friday in an interview with the Financial Times, the need to appeal to shareholders in case of big acquisition after the application of new standards solvency Basel III.

International exhibition of the Paris Motor Show, which caters for business yesterday, will open its doors to the public tomorrow. Automakers remain at the heart of investor attention on Friday. This morning, Carlos Ghosn said on BFM radio that "the crisis has shaken the entire automotive sector, but is now behind us." Titles Group yield 0.90% to 37.60 euros.Peugeot gained 0.83% to 24.87 euros.

Belvedere (-0.14%) will report its results for the second quarter.

For the third quarter, which ended in late August, Kaufman & Broad (3.95% to 20 euros), it recorded a net profit almost quadrupled.What it can confirm his return to net income for the full year 2010.

M6 (Métropole TV: -0.23% to 17.4 euros) will follow after that its subsidiary Mistergooddeal announced the acquisition of monaAbumPhoto.fr.

Orange and its parent France Telecom (0.95% to 16 euros) were, they offered Elettra, a subsidiary of Telecom Italia specializes in submarine cables whose value is fixed at 20 million euros.

Publicis (0.99% to 35.19 euros) announced Friday the acquisition of a majority stake in two agencies specializing in public relations and communication in India, 20: 20 Social Media and 2020.

Unemployment according to ILO, many job seekers Class A, B or C, accounting for inactive or underemployed … It is sometimes difficult to know how to grasp the reality of the labor market among the many available indicators . And especially since there is no single statistic that alone would get a fair picture of the market at time t. "Sticking to a single figure would give a partial picture," says Jerome Gautié, professor of economics at the Sorbonne and author of "unemployment" in the collection Landmarks. How, then, to find it?

Of the two indicators most commonly taken include unemployment as defined in International Labour Office (ILO), published this week by INSEE, and the number of jobseekers registered at employment center.These two statistics cover between them most of the number of unemployed at a given time.

• Used internationally, unemployment according to ILO calculated by INSEE based on criteria more closely than the figures of employment center. It is also the result of an investigation, not an administrative accounting. Only people who have not worked even one hour during the survey week, and actively seeking employment are considered unemployed according to ILO. This definition therefore excludes all persons working part time but wanting to find a job, and those who are discouraged. In the second quarter, unemployment on the ILO definition was 9.3% of the population in metropolitan France, 2.6 million people and 9.7% with departments overseas.

• In turn, job seekers registered at employment center are divided into five categories (see definitions). In these five, "they better reflect the labor market," Judge Jerome Gautié. Published before unemployment on the ILO definition, these figures also have more influence on the markets, said Dominique Barbet, economist at BNP Paribas.

Category A is close to the ILO definition in that it includes the unemployed out of work required to make an active search. However, if this category is the most frequently raised in the publication of figures from the employment center, it is not sufficient to account for the situation of the labor market because it excludes, as unemployment in the sense ILO, a large number of job seekers."With the development of long-term obligation to seek additional income, nearly 40% of those registered at employment center that is now on the margins of statistical category A," suggests Stephen Jugnot, statistician economist.

In July 2010, for example, 2,676,000 people were listed as category A in France, against nearly 4 million into categories A, B and C, which cover all unemployed have an obligation to search for jobs, even those who are partial activity. The inclusion of these three categories can have an idea of the extent of under-employment in France. The number of job seekers amounted to 4.5 million last all categories, classes D and E including persons not required to do a job search.

• But these figures are still struggling to explain a phenomenon: the "halo of unemployment."It covers people who want work but are not counted in unemployment on the ILO definition because they are not looking for a job or are not available. The discouraged unemployed people contribute significantly to the "halo of unemployment." "Some of these unemployed are among the discouraged job seekers of employment center, but not all," says Jerome Gautié. INSEE identifies therefore, in part, the people who make up the halo. In a publication of October 2009, it identifies and 770.000 inactive wish to work.

• What frequency remember? Variations on a monthly basis the number of jobseekers are not always significant. "We must be careful with this data, in particular whether they are raw or seasonally adjusted.Overall, only the trends for three consecutive months are considered to be significant, "says Jerome Gautié.

As every summer festivals in numbers on the territory have not failed to meet a great success with the public. However, despite attendance that does not deny, the contraction of budgets of local cultural events to make this worthwhile. For the vast majority of them are "small joint ventures", in the words of Emmanuel Negrier, author of "Public Festivals, tapped in large part by public funds.

According to a study by France festivals, grants from these mainly involved local average for 51% of the resources of these events. "The festivals of contemporary music, which developed later than others, however, are less dependent," says Emmanuel Negrier.To give an example of the financial stability of a festival of medium size, the budget from that of Auvers-sur-Oise is broken down as follows: 44% public funding, 23% from sponsorship or partnerships, and 33% of own revenue, notably from the ticket.

The counties, which face increasing social spending, have generally lowered their subsidies by 10%. This is the case in Rock en Seine, which begins this Friday with the envelope from the general council of Hauts-de-Seine is dropped from 300,000 euros to 265,000 euros on a total budget of 5 million. "The trend is clearly down government subsidies. In addition to the crisis, the reform of local finances led to a narrowing of the capacity of local authorities to act in the field of culture, "says Emmanuel Negrier. A feeling also experienced Lorient Inter-Celtic Festival."Apart from agreements concluded in three years, we enjoy public support dropped from 10% to 20%. In total, they nevertheless represent 35% of our budget, "it says there.

Increased use of patronage

What, therefore, to overcome this shortfall? There are really only two main levers on which play to increase revenue: the price of tickets and the development of sponsorship. If the increase in ticket prices is a limited instrument, which undermines the availability of a diverse public festivals, many events, however, try to play the role of patronage. This is for example the case of Inter-Celtic Festival Lorient or that of Annecy. The Crescendo Festival of Annecy has indeed experienced a revival this year thanks to the donation of 500,000 euros a Russian businessman, Andrei Valeriyevich Cheglakov."The only thing Andrei Valeriyevich Cheglakov wait in return is the recognition by the Mayor of Annecy festival of this size that has an interest in the city," said Pascal Escande, festival director. This case, however, is very exceptional, "he concedes himself.

Especially in times of crisis, it also becomes more difficult to find private funds. While the vast majority of companies have retained last year an almost identical level of funding, "they tend to focus their actions and be more attentive to their consistency," said Beatrice Menanteau, director of Admical , an association that promotes corporate philanthropy. Above all, it is currently unthinkable in France private funds to replace grants: "In Spain, some festivals are completely private.But their benefits are not equivalent to those of French festivals. Neither stimulation of cultural creation, or access to culture to a diverse audience are possible without the help of communities, "argues Emmanuel Negrier.

The French biotechnology company NicOx plaice luggage United States after facing the U.S. health authorities' refusal to authorize the marketing of its flagship product, Naproxcinod.

The group based in Sophia Antipolis announced Thursday in a statement it was closing its offices on U.S. soil. The group currently employs 22 people at its facility in Warren, State of New Jersey, on a total of 127 employees. NicOx activities in the United States deal with marketing of Naxproxcinod and clinical trials.

"It is with great regret that we must stop our operations in the United States," said the CEO of NicOx, Michele Garufi.Affirming its recognition for its employees, he adds that "it is essential to manage our resources as efficiently as possible."

NicOx announces however it incurs "the earliest" further discussions with the Federal Drug Administration (FDA), the federal drug agency. The biotechnology company remains hopeful of a successful marketing U.S. Naproxcinod, a drug on which he bet big. NicOx also said he will pursue the regulatory process in Europe.

Moreover, the biotech said it "will actively seek agreements Naproxcinod Partnership in Europe and elsewhere in the world as well as other compounds of the portfolio. She finally announced it would study "parallel opportunities to take appropriate licensing and mergers and acquisitions.