"The direction in which we are working to change the mechanism of RMB exchange rate will remain unchanged," she continued. However, Beijing pledged in mid-June to let the yuan move more freely against the dollar.But since that announcement, the Chinese currency has remained almost stable against the greenback, while some U.S. lawmakers believe the yuan should be revalued by 40%. The major trading partners accuse China of keeping its currency artificially low to encourage exports unduly, thus increasing their deficits.

Conversely, the dollar fell Tuesday to its lowest level in more than fifteen years against the yen (to 83.52 yen). In recent weeks, the yen benefited in particular from its status as a refuge from the uncertainties of the global economy. On Tuesday, the absence of new measures the Central Bank of Japan to stem the yen's surge once again accelerated the trend.

So at the highest level of the state that it extinguishes the fire started in the summer by the Ministry of Economy and Finance in search of tax revenue. They would have liked to go back VAT on Pay Television from 5.5% to 19.5%. The sector enjoyed a far reduced rate by virtue of his substantial contribution towards the financing of entertainment and art.This 15% increase in VAT could bring almost 1 billion euros in state budget 450 million from one group Canal +, the first financier of French films and several tens of millions – we are talking about approximately 80 million euros – Numericable.

All last week, operators and the creation of the world have mobilized to protest measures that would have destabilized the entire system, far beyond the cinema alone. Indeed, retailers were planning to scale down the pay channels to the already fragile economy. Finally they also threatened to raise subscription prices, what influence the purchasing power of French pay-TV subscribers. Thus, on average, cable subscribers have seen their membership increase by 4 euros while subscribers to Canal + would have faced an increase of 6 euros.

In its statement, Microsoft said it has achieved a turnover for the period April to June of 16.04 billion dollars, up 22% thanks to higher sales in all activities. This is a "record"

Over the year, net income appears to 18.760 billion dollars, up 29% and the turnover of 62.484 billion dollars, up 7%.

The group Redmond has definitively turned the page on last year, which had marked the first decline in its business since its inception.

This, ten years after the decision of both industrial policy by France and Germany to launch the A380 as part of the creation of EADS, parent company of Airbus. And two and a half years after the first delivery of the superjumbo to Singapore Airlines, the launch company.In recent weeks, "there's better on the forehead in the euro-dollar, even though its effect will be read in the accounts in the medium term, there is better on a better control programs, production rates will increase (for the A320 and A380, Ed), thereby supporting the generation of cash. The giant command adds a bit more "positive" about the title, "Yan Derocles development, aerospace analyst with Oddo who recently moved to purchase the title.

Price increase expected

Airbus, which had produced and delivered ten A380 aircraft in 2009 (and thirty since October 2007) will double the pace this year. "We have good visibility and for the first time in the first quarter, the program has been consistent with expected costs," said Louis yesterday Welsh, president of EADS.Costs too high, since this year, Boeing will lose money on each aircraft produced no fax pay day loans. But Thomas Enders, the Airbus chief, said that "from 2012, we should begin to win," so that the A380 will contribute fully to the operating result (ebit) of Airbus from 2014 . This, taking as a basis for calculating a euro-dollar parity of 1.30. The evolution of the two currencies in the medium term will be crucial.

In terms of business strategy, Airbus is also a turning point. It should trigger a second wave of orders in conquering new customers.The contract giant Emirates is great, but it comes from a company already convinced by the A380 and Airbus has always maintained in good and bad times.

This contract allows, however, John Leahy, marketing director, put pressure on companies that are slow to make the leap. The delivery of the A380 are now virtually come to an end until 2017. If a company wants the A380, it would have incentives not to expect too much as far as prices go up. But, argues Airbus A380 will be a must. The device has proven its economic and ecological efficiency, as evidenced by the feedback of its first customers. Airbus forecasts a market of 1,500 aircraft by 2030 for very large aircraft. Without rival, the A380 should prevail on this market and be a cash machine on the exceptional duration of the program, or forty years.

These delays fall to worse for the manufacturer seeking to accelerate production of its new aircraft to make up for two years behind its original schedule. The inaugural flight – postponed six times – took place last December 22.

Customers get impatient

Launched in 2004, the program has suffered numerous delays attributed to the complexity of the business. Boeing, the first American exporter, technology showcase and trade United States, wanted to reinvent the way to build a civilian aircraft.He selected composite materials to make the unit lighter. With also new engines, the B787 is expected to be nearly 20% more fuel efficient than the previous generation aircraft.

And during that time, customers get impatient. The Japanese airline ANA must be the first to receive a copy, is normally made by the end of this year. At the inaugural flight last December, many observers felt already this calendar too Ambitious for an aircraft as innovative.

For its part, the New York Times estimated that the case Goldman Sachs also shows the great return of the SEC at the front of the stage, while the institution had remained in the shadows in recent years.

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A "golden boy" among many other French

"I want every business in France feel represented by the MEDEF" said one who had resigned just last year the ethics committee of the MEDEF. He added: "This is not the case today. The balance of Laurence Parisot is great, but it must go to the conquest of public opinion. I'm an activist and I will speak in the media. "

The high-profile president of the employers' movement Ethic acknowledged that 2009 has been difficult for the bosses. "They were attacked from all sides.To be closer to public opinion, he must reinstate a discussion now payday loan instant. And for that, it is better to have two candidates. "

"The MEDEF has more need of me than I of him"

On the issue of pensions, Sophie Menthon supports the position that Laurence Parisot has urged the government Sunday to push the legal age of retirement.

Sophie Menthon appeared hesitant when she had to clarify whether it would have the 50 signatures needed to be sponsors of the presidential candidate of the MEDEF. "I think so. I am driven by entrepreneurs.The MEDEF has more need of me than I of the MEDEF, "she says.

The campaign for the presidency of the MEDEF was launched last week by its current boss, Laurence Parisot, who is seeking a second term.

Candidates have until May 1 to declare the election to be held on July 1.

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Around 8:15 am, the CAC 40 index futures to predict an opening in April 2010 were down 0.38% to 4014 points.

The Greek situtation continues to worry, with its market "disconnected from reality", according to analysts. Wednesday noon, the Greek rate climbed to 7.176%.

The euro declines further against the dollar Thursday in favor of safer currencies considered as the yen. Around 8 am, the euro stood at 1.3332 dollars against 1.3339 dollars on Wednesday in 23 hours.

The ECB decision this afternoon

In France, the day will begin with the publication by the customs authorities of foreign trade value in February (at 8:45).The Department of Budget, at the same time, unveil the monthly statement of the State budget through February. Regarding the euro area, 11 hours, investors will pay particular attention to the retail trade, still for the month of February.

But the decision of the ECB (European Central Bank) on interest rates from the European Union will be scrutinized even more closely. If the status quo is widely expected, any change of tone in the speech of Jean-Claude Trichet could be perceived as a sign of a future monetary tightening.

In the U.S., the most watched weekly claims for unemployment benefits, at 14:30, will be published.Wednesday evening, Ben Bernanke, the Fed chief, said the United States are not "derived from business" and that the country will have to make sacrifices "inevitable" to resume a stronger growth.

Lagard?re pressure

On the alliance Renault-Nissan and Daimler, Dieter Zetsche, CEO of Daimler, has welcomed the agreement. With their partnership, both groups rely on synergies and economies of scale to 2 billion euros each. They also intend to expand their cooperation. "It's not good at the right time, and for good reasons," he said Wednesday at a news conference.

Furthermore, tensions are growing between Lagard?re and Wyser-Pratte. The activist investor has scored two resolutions to the General Meeting of April 27.Note that since March 25, when the Franco-American investor said it held 0.53% of the media group, Lagardere's share rose almost 10%.

According to Les Echos, Airbus, EADS subsidiary, has 60 orders since the beginning of the year. Airbus has delivered 122 planes during the period for airlines including three A380s.

Maurel and Prom of 2009 results published in the red but was confident for 2010. The oil company proposed a dividend of EUR 0.10 (cons 0.35 for 2008).

Sir Howard Stringer, CEO of Sony, never gives up. The firm, however, Tokyo has accumulated errors during the last decade. She has lost the digital music player market against Apple. His video game consoles, are in third place, behind Microsoft and its Xbox 360 is far behind Nintendo and its Wii. Worse, the TV market, the former world number one until 2006 was demoted to third place by the South Korean Samsung and LG. But the 3D could change that.

Sony plays an ambitious part with 3D. "We are present throughout the chain of video images in 3D. From the professional camera lens for up to televisions, via the video game consoles, games and movies, "recalls Nick Sharples, a spokesman for Sony in Europe.The Tokyo firm could also add 3D to its Vaio PC, even though no one has this feature. Ultimately, its mobile phones designed by its joint venture with Ericsson of Sweden could also benefit from a screen in relief.

From the camera to video games

In contrast, the 3D cameras to film and sporting events, Sony is the only group with fellow electronics Panasonic offer professional equipment. The Tokyo company has partnered with the company to improve its 3ality cameras that use two objectives and can play on the "depth" of the effect in relief. For 3D TV, the group wants to propose "in France around the Soccer World Cup which starts on June 11," said Philippe Citro?n, managing director of Sony in France Guaranteed pay day loans.

But it will gain in the battle along with Philips and LG, and well after its competitors Samsung and Panasonic, who already sell their screens in the United States. However, these Sony TVs 3D can be coupled to the PlayStation 3 which will be adapted in June, games in relief. The game programs will be announced in mid-April. A second amendment to the PS3, the second semester will play Blu-ray videos in relief, in high definition. It is a competitive advantage over other consoles.

Sony is finally the only one with studios to make films in 3D and special effects. Sony Pictures Digital is especially designed computer images of Alice in Tim Burton, produced by Disney. "We can accomplish miracles, as to eliminate the reflection of a person in a mirror.But it is not possible to convert to 3D, traditional scenes with smoke, rain or snow falls, "says Buzz Hays, director of the 3D shape of Sony's directors. The group has already contributed to 8 films in relief since 2004 and participates in the rise of Hollywood studios to provide "46 films in 3D in 2010 against 17 in 2008," according to the firm Futuresource. According to Michael Lynton, president of Sony Pictures, "We are at the beginning of a profound change for the film industry."

Colette Neuville: This is a new good, which will complete our complaint. But there will still be some way to go because, although Natixis has to be sanctioned, it will compensate the victims. The shareholders want compensation before any other words, recover some of their money.

If one assumes that the losses of shareholders are due for half to the general fall in stock markets, should implement a procedure that allows them to get half the introductory price (19.55 euros), or 10 euros.One might ask why the Banques Populaires and Caisses d'Epargne to buy Natixis shares they sold to the public offering in exchange for an IOU in the form of bonds or other securities composed of an amount of 10 euros. I

the need bear in mind that these are nearly 3 million shareholders who have lost 80% of the 5 billion they have invested in this case. It is the political and financial scandals have made the most victims in France. We for our part before the Prosecutor of the Republic there is a little over a year and, for now, we had no return. The only merit of our complaint so far is to have interrupted prescription.

Probably for political reasons and timing, the state has not seen fit to punish Natixis.

It seems that the French government considered that it was not appropriate to shed light on the matter Natixis when he put forward the behavior "virtuous" French banks during the crisis under their European and American counterparts. But he did not respect the principle of separation of powers, but embodied in the Declaration of Human Rights and considered from Aristotle through Locke and Montesquieu Great Britain in France as essential for the proper functioning of democracy. So I look forward to the appointment of a judge who makes all the light and determines all the responsibilities on the scandal Natixis cash advance in one hour .

What do you expect from the MFA?

I expect the Sanction Commission (member of the MFA, Ed) it is not limited to information on complaints issued in October 2008, but it is seized of the whole affair since the beginning. Regarding the objections that have been transmitted, Natixis said it is not pursued by the MFA for disseminating false information. I note however that according to Article 223-1 of its General Regulations which the MFA refers "to inform the public must be accurate, precise and sincere." So although the AMF services consider that the information given by Natixis did not exhibit these qualities.

You are involved in Vivendi (1), and you are indignant at the action taken on the matter EADS (2).The case Natixis is it more serious than the other two? Do you think that the MFA will draw lessons from the EADS?

The Vivendi case and Natixis have in common is that many shareholders were victims of misleading information. But the case of Natixis is more serious because of the shameful organized canvassing by both banks to enjoy the confidence of their customers and sell their securities. Vivendi shareholders had they bought their securities without being specifically requested otherwise by the misleading representation of society.

As in the case EADS, the chairman of the MFA has publicly expressed the day after the pronouncement of the decision of the Sanctions Committee of its wish to be making appeals against decisions of the commission. I think it will ensure that a text quickly gives it this right, the logic of separation of powers.

(*) Association for the Defense of Minority Shareholders

(1) Colette Neuville is the origin of a class action against Vivendi and two of its former leaders, Jean-Marie Messier, former CEO and Guillaume Hannezo, former chief financial officer, accused of transvestite results group between 2000 and 2002.

(2) after three years of investigation, the AMF has cleared all officers of EADS.