Live News

The tax shield prevents it really the tax exile? In 2008, when the tax shield has been lowered to 50% of revenues, 821 liable to the ISF have left France, according to figures from the Ministry of the Budget that the Figaro was purchased.

In 2007 when the shield was however 60% – only 719 taxpayers had left France and EWB! Nevertheless, the flow of exiles was more important before the introduction of the shield. Thus in 2006, 846 liable to the ISF were exiled.

In addition, 312 are expatriates tax revenues in France in 2008. It's better than 2007 when they were 246.

Commitment required. The President of the Republic, Nicolas Sarkozy, had promised before the second round of regional farmers in the Ile de France came to meet him at the Elysee. It would be within fifteen days in a holding Ile. This he did on Tuesday by going to Buno-Bonnevaux in a grain farm in Essonne, that of Samuel HERBLOT located an hour south of Paris by car and much less by helicopter.

After a tour of fields (barley, beets and wheat, triticale) in twenty minutes in business suits and shoes, Nicolas Sarkozy met with a dozen farmers in an improvised for the occasion. A table set in the middle of the round-ballers of straw and a table of keys to dial on the wall as decoration.The Head of State wished to reassure the farmers during the working meeting which lasted half past one in the presence of representatives of unions and institutions in the Ile-de-France, including Damien Greffin, president of the Young Farmers and Christophe Hillairet , chairman of the House inter Ile.

Involved in the debate on the Greater Paris

Several topics were reviewed including some specific to the region. "On the great Paris, we will now be involved in the debate, welcomed Damien Greffin. The Head of State is committed to the sanctuary of 2,500 acres of the 3,000 hectares of the Saclay plateau, the reforestation of the area polluted Pierrelaye instead of the cone Brie …. "Two other developments have been welcomed by the union leader. The implementation of the taxation of 10% of agricultural land became available for building."This funding will help build economic bridges between farmers and society, especially in district heating, Nicolas Sarkozy.Enfin committed under the Agricultural Modernization Act which parliamentary discussions to begin on May 18, a tax scheme will be introduced to smooth income when there is a cash advance. Not to mention the reactivation of a moderate margin agreement between producers and distributors. It is a device already exists but no agreement has been signed."When prices go down tremendously, the dealer signs an agreement with the producer margin of moderation, which helps rebalance the side of producers without penalizing the consumer," said Nicolas Sarkozy.

Reaching

However farmers are still far from satisfied. "We're no further ahead two weeks ago on concrete announcements, Damien Greffin regrets. There was an effort of understanding on the part of Nicolas Sarkozy, but it must go further. We understand that we can not decently go back, with a loss of EUR 100 per hectare less but we have to find coping mechanisms. A point emphasized by Orama association which brings together the cereal FNSEA and "great hope in the work of the Monitoring Committee of the crop. They should start April 14."They are essential for can be taken timely measures necessary compensation.

Note, however, three missing in the debate: the president of the FNSEA, Jean-Michel Lemetayer, the chambers of agriculture, Yves Vasseur, and the Young Farmers, William Villeneuve. However Philippe Pinta, president and Brigitte Orama Delahaye, head of Vegetables in France defied the pressures of the FNSEA. "It was natural for me to respond to the invitation of President of the Republic in the interest of producers that I represent. Although affiliate of the FNSEA we are an independent, "says Brigitte Delahaye. Initiating a dialogue that asks only to be regularly continued to regain lost to a regional electorate.

In Rio de Janeiro

After busy summer Argentinian soap opera central bank is nearing its conclusion. Justice recently restored two decrees of President Cristina Kirchner, allowing it to dispose of some funds from the central bank to pay the cost of debt. In December, the head of state was taken by surprise Congress, where opposition has a majority, by ordering the establishment of two funds, called the "Bicentennial", one of 4.38 billion dollars the other 2.18 billion, respectively, to pay interest on the debt in 2010 and multilateral creditors.

At the time, the move had been blocked by Martin Redrado, the president of the central bank, on behalf of the organization's autonomy, and justice upheld the ban.Following a showdown with Congress, Redrado was eventually forced to resign and be replaced by Mercedes Marco del Pont, an economist who has always advocated that the central bank depends on the government.

"Mattresses security"

The volte-face of justice is therefore an important political victory for Cristina Kirchner. The opposition has promised to veto at a meeting on April 7 this year, but it remains poorly organized. If it fails to convince, mainly because of proposing an alternative option to pay interest on the debt, considerable this year.

In theory, it would suffice to Buenos Aires to borrow at lower rates and thus postpone the deadlines, but this possibility is prohibited. In 2005, the renegotiation of its debt of more than 100 billion dollars had indeed attracted only 76% of creditors.The remaining quarter has launched legal proceedings in the world blocking any intervention in the financial markets. To justify the use of central bank Deputy Carlos Heller recalls that its reserves reached a record 45 billion dollars. "We do not need a safety cushion as important. Especially with the trade surplus expected this year, the puncture to pay the debt will be painless, "he says.

Ecstatic, the government announced it would open from April 14 a new renegotiation of its debt to creditors who had rejected in 2005. Holders of securities totaling $ 29 billion, including interest, these small shareholders and hedge funds, mainly from Italy, Japan, the United States and Germany, will be offered a new opportunity, probably more generous. The goal is to attract at least 60% of them.

Argentina hopes to turn the page of the default of 2001, the largest in history.

ALSO READ:

"Argentina: Cristina Kirchner's dilemma

"Argentina turns into an institutional crisis

At dawn on a trail lined with pine trees, hundreds of faces marvel at the sunrise over ridges carved Yellow Mountain, immortalized in traditional Chinese paintings. Search for a little solitude during his vacation in China is a challenge. On most sites, it is not uncommon to see the flags float guides, which announced the arrival of yet another group.

"I travel a lot, but I've never had either the opportunity or means to go abroad," Huang Yun smiled. Commercial for a Chinese company, this young woman of 29 years has never traveled child. But since she works in Shanghai, she loves from a change of pace and has swelled the ranks of Chinese visitors to their own country. These represent the vast majority of tourists visiting the Middle Kingdom.Moreover, only a minority of Chinese can afford to leave the country for holidays.

"The video interview with Henri Giscard d'Estaing, CEO of Club Med

The China National Tourism Administration has counted last year 1.9 billion domestic tourist trips to China by plane, train or car. A steady increase in sales for twenty years, thanks to higher living standards, the relaxation of regulations on interprovincial travel and the emergence of paid leave. The award of "Golden Week" by the authorities in the late 1990s, now allows the public to enjoy each year, more than four public holidays, two weeks of leave data at all, for Chinese New Year and National Day on October 1.The Law on Employment Contracts of 2008 provides between five and fifteen days of additional holiday for employees according to seniority no teletrack payday loans.

Besides the New Year with the family, the Chinese go on holiday generally organized in groups, with a busy schedule to as much as possible in four or five days. Beginning with visits to historic and natural sites, their favorite activity. The Chinese territory is seventeen times the France and has twenty-seven sites classified cultural heritage by UNESCO.The local holidays are often more affordable than those spent abroad.

Restaurants & karaoke

Nearly 40% of Chinese tourists spend each year between 100 and 500 euros for travel, 30% between 500 and 1 000, and one quarter more than 1 000, according to a survey by Ctrip, the first Chinese travel agency , which depends on the state.

If the "sacred mountains", Beijing and the Great Wall continues to attract a mass of tourists, new emerging destinations. Almost deserted in the 1990s, the tropical island of Hainan in the south, has become one of popular destinations. Even if the tan is not part of beauty of Asian middle class does not sulk pleasure to enjoy a little sea air.And always have access to a choice of restaurants and karaoke.

For more exotic destinations, the Chinese can afford a small world tour for 16 euros on the national pavilions of Shanghai World Expo, which opens on 1 May Of the 100 million expected visitors, 95% should be Chinese.

If you want to meet Antoine Zacharias usually must go on the shores of Lake Leman to 71 years, the former CEO of Vinci now lives in Geneva. But Thursday and Friday, the boss forced to resign in June 2006 will be in Paris. Or more precisely at Nanterre, where his trial took place before the 15th chamber of the court.

All started from a complaint by a shareholder of Vinci, Michelangelo Tiphineau, filed June 12, 2006 a few days after the resignation of Zacharias. The approach of the small carrier and the departure of the historical pattern of the group have the same origin: the huge sums affected by Zacharias between 2003 and 2005 when he was the CEO of the world's leading construction companies. Up to 250 million euros, based on the share price higher.Including severance pay of 12.5 million, an annual retreat of 2.5 million and stock options by tens of millions.

The prosecutor in Nanterre has conducted a preliminary investigation for two years after which Philippe Courroye, public prosecutor has decided that the dismissal of former boss 40 of ACC before the court. A rare event, especially since, in this case, Zacharias did not leave behind a group of shareholders difficulties or ruined. Under his leadership, the net result of Vinci has been multiplied by 21, and the market capitalization by 20.

"This is the trial of a system that loses his head with a CEO who receives are astronomical compared to the employee base of Vinci," says Frederik-Karel Canoy, the lawyer Tiphineau online payday advance! ???!!!???!!!."All decisions regarding those fees are legal because they were passed without any reservation by the Board of Directors," whispered one in the circle by Zacharias. The functioning of the board is just the heart of this case. It is in this place that had played the beginning, dramatic, CEO. His heir apparent, then denigrated, Xavier Huillard, had alerted administrators against the greed of his boss.

Five years in prison

He had a wound, he has returned to court the former leader to his beard neatly trimmed, on suspicion of abuse of social goods. He took particular offense to have changed in May 2004 the composition of the Remuneration Committee, which had capped his salary. Exit therefore Alain Minc, Patrick Faure, the former boss of Renault Sport, and Serge Michel, a former General of the water.In their place is especially Alain Dinin, Nexity's boss, Dominique Ferrero, banker, and Quentin Davies, a British MP. The salary Zacharias then flew, including up to 4.2 million euros in 2005.

If the abuse of social goods is confirmed, Zacharias risk up to five years imprisonment and 375 000 euros fine. And if his former employer, Vinci, was a civil party, he will not claim damages.

The adoption last night of the great reform of health insurance, proud of the Obama administration is very important for the health sector, the United States and elsewhere in the world. Its impact on the health sector on Wall Street will be closely scrutinized.

The U.S. markets are getting better: the Dow Jones closed up 0.41% at 10,785 points and the Nasdaq Composite 0.88% to 2395 points.

Investors will this week look at a few minor indicators, including sales in the previous Tuesday, and sales in the ninth Wednesday. Follow some figures on durable goods orders, before being released Friday, the latest estimate of GDP for the fourth quarter of 2009 and the index of consumer confidence.

Caution still dominates

Meanwhile, investors are still cautious amid the uncertainties that persist on the bailout of Greece. Even if the European Council held on Thursday and Friday in Brussels will not be much impact on markets, on both sides of the Atlantic, German Chancellor Angela Merkel have warned yesterday on German radio that "financial assistance to Greece is not on the agenda of the meeting Thursday …" But the pressure is raised a notch on Monday in Germany, for its approval a plan for financial assistance to Greece at the summit of EU leaders on Thursday and Friday.A summit to test the cohesion of the eurozone and the credibility of Europe.

The market does not, however, leaves destabilize or by poor statistics, nor by rumors: they whisper such as the Federal Reserve would again raise its discount rate by the next meeting of its Strategy Committee, Thursday us fast cash . "But this is just an excuse to take some profits," says an analyst.

As for currencies, the euro strengthens against the dollar on Monday at 1.3552 dollars (0.31%) remains lower against the dollar on Monday after a brief foray as 1.35 dollar, dealers said opting for caution ahead of a summit of European Union, during which they will review again the Greek crisis.

The medicinal values rising

On the corporate front, the pharmaceutical values are well oriented. Pfizer Laboratories, Merck and Johnson & Johnson saw their shares rose by 1.88% to $ 17.23, from 1.76% to 38.73 dollars and 0.45% to 65.40 dollars. In contrast, health insurers are changing down: Humana fell by 2.20% to 48.90 dollars, UnitedHealth Group coward 2.27% to 33.61 dollars, Cigna lost 0.13% to 37.03 dollars Wellpoint and abandons 0.79% to 64.56 dollars. Aetna is only up 0.20% to 34.53 dollars.

Boeing (2.09% to 72.20 dollars) has announced an increase in production rates for Boeing 777 and 747.

As for publications expected will come on Thursday, Oracle and Best Buy, which will publish their earnings per share.Some computer companies (Red Hat Adobe Systems on Wednesday or Tuesday), builders (Lennar Wednesday) or deluxe (now Tiffany) also feed news.

Two years after changing hands, the airline flies in Europe Airpost clear skies. His transition from La Poste Group's specialist in the transport ASL Group (owned by Belgian capital: fund Peter Cam and Compagnie Maritime Belge) is, to date, a no-fault. This despite the air holes through which the airline industry since late 2008 in the wake of the crisis. Airpost europe is among the few companies to have made money in 2009. The company specializes in short and medium haul transported 750 000 passengers and 63 000 tonnes of cargo last year and net income of 6 million euros from a turnover of 231 million euros.

To explain its resilience, it highlights the diversification policy and an economic model based on a unified fleet of Boeing B 737 "works" 24H/24H with their conversation fast cargo service aircraft in the night transport of passengers flying on the day. In addition our location in the province which makes us the first charter company out of the province it represents only 520 000 passengers, "says Jean-Francois Dominiak, CEO of the airline.

Diversification policy strengthened

This activity builds on its historical legacy of the prestigious Aeropostale, provider of express transportation on behalf of La Poste, Chronopost but the Royal Mail in the UK under contracts that were renewed for two years. Beyond that, nothing is on.Therefore, the company celebrates its tenth anniversary this year, accelerating its diversification policy. It will thus rise to power in transporting passengers with the introduction of three new aircraft including 2 Boeing 737-700 aircraft from April 2010 to early summer in the air.

These devices from Dublin, Paris and Nantes must allow new routes to Egypt, sub-Saharan Africa and in Iceland. The objective is to transport between 850 000 and 900 000 passengers this year on behalf of tour operators. Europe Airpost is indeed the major provider of air signatures of tourism such as Thomas Cook, Fram or Club Med.

Meanwhile, the company launched in co-chartered by offering several tour operators to come together on the same plane and it will develop fuel hedges to offer its customers fixed prices throughout the year. Europe Airpost also studying a solution co-charter dedicated to major express carrier such as Fedex, DHL or UPS on a new European cargo routes. This new service could be launched in 2011.

In the wake of Grants in Asia this morning, the CAC 40 on a downward trend during the early exchanges. It lost 0.53% to 3669 points before embarking on his decline of 1%.

Meanwhile the employment figures in the United States, which will be published in early afternoon, the French public deficit rose to a record 138 billion euros in 2009 against 56.3 billion euros last year. As the trade deficit, it was absorbed in 2009 to 43,03 billion euros against 55.14 billion euros. Other important economic indicators are expected in Europe: Industrial output for the month of December and for 2009, Germany, and producer prices in January, Great Britain.

Finally, the finance ministers and central bankers of the G7 meet in Iqaluit, Canada.

The detailed values to follow

This is without state support that Ford has managed to overcome its difficulties. The U.S. manufacturer announced Thursday it had made a net profit of 2.699 billion dollars over the full year 2009. A performance to be compared with the heavy loss of 14.766 billion harvested in 2008. Over the year, turnover was down to 138.1 against 118.3 billion in 2008.

The group included supporting a very successful fourth quarter. Over this period, the second largest U.S. behind General Motors reports net earnings of $ 868 million against a loss of about 5.978 billion dollars a year earlier. The per share earnings is 25 cents, hardly less than the 26 cents analysts who had forecast. Over this period, revenues totaled $ 35.4 billion against 29 billion a year earlier, an increase of 22%.

Before the opening of Wall Street, the title jumped 2.68% to 11.86 dollars.

$ 500 million quarterly savings

To obtain this result, Ford has relied on reducing structural costs of automotive business payday loan . A total of 500 million dollars were saved in the fourth quarter. The group did not hesitate to pursue a higher price for its vehicles. His arm Ford Motor Credit has contributed to higher profits in this period with a profit before tax of $ 696 million against a loss of 372 million in 2008.

Ford is the only manufacturer of the "Big Three" of Detroit (with General Motors and Chrysler) have not gone bankrupt. It is reassuring for the future and plans to write "a profit before tax and excluding exceptional items for 2010, without specifying numbers.In addition to profitability, the group is including a U.S. car market between 11.5 and 12.5 of vehicles this year. In the year 2009 in the United States, sales at Ford fell 15.4% to 1.68 million units. Note that, after hesitating a large part of the morning, the Paris Bourse is moving more strongly in the green then qu'affluent results of U.S. companies show no surprises.

ALSO READ:

"In Detroit, the" big three "want to believe in their future

The manufacturer's CEO, Carlos Ghosn, was summoned to the Elysee Palace on Saturday to explain about a possible transfer of production of the Clio in Turkey IV. Several questions remain suspended.

Renault To calm the game two months of regional elections, announced by the press this week of a possible relocation of the Clio IV in Turkey has taken a political turn that had not expected the group. Carlos Ghosn, CEO of the diamond manufacturer, had to return to Japan on Saturday to explain his strategy to President Nicolas Sarkozy.

An interview that lasted over an hour and which was also attended by Industry Minister Christian Estrosi and Patrick Pelata, deputy CEO of Renault. "Carlos Ghosn said the Head of State that Renault will continue work and site activity" Flins (Yvelines), the Elysee said in a statement released after the meeting.The site will always French production of current models of the Clio, and that "part of the production of the Clio IV", which should begin in 2013, added the president.

Promises to blurred

After the announcement effect, many questions remain unanswered. Carlos Ghosn confirmed in a statement last night that the well would produce Renault Clio Flins IV, "with a second location in Bursa, Turkey. However, no details on shared tasks. "Speaking today in volume is not very realistic," he defends the boss of manufacturer in an interview with Journal du Dimanche. "The important point is that Flins is a permanent site for Renault and that employment will continue to run." A "term" which is not clearly defined.

For the Socialist Party, who responded from last night's meeting between Nicolas Sarkozy and Carlos Ghosn has "given birth announcements waves. Nothing was said about "the strategy of Renault in Turkey. Nothing about the intentions of the state regarding its stake in Renault (15%) or its representation on the board of directors. The subject was not discussed, according to Carlos Ghosn.

Flins bet on electric cars

Today, Renault wants to focus on its electric vehicle project. The production model Zoe in 2012 and will be entrusted to Flins. "We manufacture in France models with high added value," says Carlos Ghosn at Parisian. And among these, Zoe, "which should represent 60% of our sales of electric vehicles. Forecasts certainly reassuring, but the prospects for electric cars are still unclear to this day.

ALSO READ:

"Brussels invites himself into the debate on Renault

"The debts of Renault

"Renault: the state has six seats on the Board of Directors

"The state can prevent the manufacture of Renault Clio in Turkey?