Archive for the ‘news’ Category

Cisco Internet revolutionizes

Posted in news, people, publications, special, technology by admin on March 10th, 2010 | Comments Off

The Internet of tomorrow is on track. Cisco Systems on Tuesday launched a new twelve times more powerful than its competitors. Its name: the CRS-3.

The U.S. telecom equipment shows its capacity of 332 billion bits per second, indicating that it is possible to download the entire Library of Congress in a second. Or for a billion people watch a video simultaneously. This service delivers "the foundations of the new generation Internet," says John Chambers, Cisco's boss.

The operator AT & T has tested "successfully" the device in the context of testing a "backbone" – the core telecommunications network to interconnect networks smaller – a 100 gigabits between New Orleans and Miami guaranteed high risk personal loans . A world premiere.

This announcement comes almost a month after the internet giant Google has announced its intention to become a pioneer of Internet access at very high speed installation in the coming months networks hundred times faster than ISPs exist in the United States.

Around 18:30, the Cisco Systems shares lose more than 0.15%, to 26.1 dollars, after having degraded to about 1% just before the announcement. "Investors had anticipated this announcement at least one day before," said one analyst.

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The CAC 40 should well start the week

Posted in finance, international, money, news, people by admin on March 8th, 2010 | Comments Off

The Paris Bourse is scheduled to begin this week on an optimistic note. The future CAC 40 up 0.63% at 3934.50 points, an hour of opening, leaving hope for a session in positive territory. The Paris markets should broadly follow the movement driven by Asia Market earlier this week. The Japanese Nikkei closed up sharply (2.09%), carrying with him all the financial centers of the region.

This optimism comes from the U.S. figures for employment, less bad than expected, published Friday (36,000 jobs destroyed destruction cons 50,000 expected). Statistic reassure markets that see it as a sign of recovery very explicit. Especially as the consumer credit in the United States also sets out again on the rise (4.96 billion dollars in January). Both information had enabled the Cac 40 to exceed the 3900 points at the close Friday.Maintaining this level will be one of the objectives of investors on Monday, before setting off to the 4,000 points.

Japan, meanwhile, announced Monday a current account surplus (899.8 billion yen), compared to the deficit recorded last year in the same period (132.7 billion yen).

On Monday, markets will keep an eye on the index of business sentiment of the Bank of France, published before the commencement of trading (8.30). German industrial production for January will be known 12 hours.

EADS in the collimator

The defense group EADS said on Friday reached an agreement in principle with client countries on the financing of the military transport plane A400M. This also held Monday in Paris a crucial meeting on the fate of the military plane, which displays almost four years behind the counter.

The director general of Crédit Agricole, Jean-Paul Chifflet, revealed in an interview with Le Figaro, his long-term goals. "If we find other opportunities for collaboration to reduce intermediation costs for our customers, we will. With the Company generally or with others, "he said as well. This information may affect the securities Societe Generale and BNP Paribas.

In an interview with Le Figaro also Antoine Frerot, CEO of Veolia, reaffirms the group's objectives, including "after-tax profit of at least 9% and operating profit up 4% on average annually.

The central works of extraordinary total stands Monday.Employees of Dunkerque, on strike since January 12 this year, threatening to spread the oil available to them if management does not accede to their demands.

As for publications, Biomerieux announced on Monday a net profit in 2009 of 148 million euros, above expectations. The group table for the period 2010-2015, an average annual growth of between 7% and 9% at constant exchange rates.

The annual results of cements French gather today. Just as those of April, after market close.

EDF wants to sever its last links with GDF

Posted in economic, international, news, online, people by admin on February 4th, 2010 | Comments Off

After criticizing the organization of the nuclear industry, Henri Proglio blames the system of distribution of gas and electricity, according to the financial daily Les Echos, Henri Proglio would have felt during a trip to Mount de-Marsan January 25 last, that the current organization involving EDF and GDF Suez in the distribution of gas and electricity, through their respective subsidiaries and ERDF GrDF, figure was "nonsense".

As for unions, the direction in which this issue is not a surprise, but "the idea of separation is a major concern in the year 2010, the newspaper reported.

Already in early January Francony Michel, CEO of ERDF, had indicated that the joint service between ERDF and GrDF was "faced with the necessity of (the) provide organizations and own way of functioning, better able to respond to issues more and more different and sometimes contradictory.

Moving with the times

Force is indeed clear that the context has changed since the time when both companies have been reconciled. EDF and GDF were then public monopoly . GDF Suez is now closed and the market is competitive.

Yet about 45,000 employees, are 95% of the total workforce of ERDF and GrDF continue to work respectively for the maintenance of power lines and gas pipelines.

Henri Proglio recovery and the idea of messing up the organization.But he will face unions and local politicians who advocate mixed organizations and public service mission, and legal provisions, but "around".

The case should take its time …

Michel Francony on an ejection seat

Also according to Voices, the new boss of EDF had proposed to his colleague Michel Francony leaving office, whose mandate expires in 2012. But it should not let them. Implied, another slow and choppy affair prepare.

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The Paris Bourse expected in the red

Posted in business, news, opinions, resources, top news by admin on January 26th, 2010 | Comments Off

Morale is not high on the Paris Stock Exchange in recent days and it should be so again Tuesday. After closing sharply lower Monday, markets are expected in the red today.: An hour of opening, the future Cac 40 lost 1.02% to 3782 points. The slump in Asian markets this morning gave a glimpse of what lies ahead for financial markets in Paris. In Asia, investors were not convinced by the rebound on Wall Street yesterday.

Among these, caution prevails until several important macroeconomic statistics across the Atlantic. Information should be filtered on the meeting of the Monetary Policy Committee of the Fed's on this Tuesday. There will be 15 hours the index of house prices (the day the markets had suffered a blow after the publication of resales in the United States that emerged in sharp decline from 16.7% in December).At 16 hours, will be revealed indices of consumer confidence and U.S. investors.

As for American publications, markets await the annual results from Yahoo! after market. It will also Texas Instruments, Johnson & Johnson and Dupont.

The Paris markets will also keep an eye on European statistics. We know the cost of household consumption in December (8.45), the construction of housing (8.45), the German IFO index (10 hours), the current accounts of the ECB (10 hours) and GDP in the fourth quarter in the United Kingdom (10.30).

The detailed values to follow shortly …

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"The Asian exchanges dominated by the wait

Renault: Clio IV will be produced in Turkey and Flins

Posted in economics, economy, international, news, people by admin on January 17th, 2010 | Comments Off

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.

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Oil has exceeded $ 83

Posted in finance, international, news, resources, special by admin on January 7th, 2010 | Comments Off

Despite a very mixed report on oil reserves in the United States, oil prices closed sharply higher Wednesday after being propelled in New York above $ 83 for the first time in 15 months. Around 1700 GMT, a barrel of "light Texas crude (WTI) traded on the New York Mercantile Exchange (Nymex) for the same maturity, gained 1.11 dollars to 82.88 dollars after climbing to 83.15 dollars, a level not seen since October 9, 2008. At the same time, the price of Brent North Sea crude for February delivery took $ 1.12 to 81.71 dollars on the InterContinental Exchange (ICE) in London.Black gold benefits and good results-IMS services in the United States, and economic optimism across the Atlantic.

Having spent most of sitting down, prices of black gold have suddenly fallen off after 16:30, is modeled on the movement of the dollar, which collapsed suddenly at same time. Fellowships, too apathetic during the meeting, have also rebounded late in the session. The FTSE in London has hit the end of meeting a new record close for 16 months, to 5530.04 points.

Instead of declining oil reserves, the ministry revealed an increase of stocks of 1.3 million barrels during the week ending January 1. The reserves of distillates have certainly dropped a little (-300,000 barrels) but the massive decline (1.8 million barrels) expected by analysts did not happen.

Past business schools: HEC head, ESCP and ESSEC follow

Posted in economics, news, opinions, publications, resources by admin on November 23rd, 2009 | Comments Off

The ranking of colleges is a bit like the top 3 of world tennis: No. 1 (whether Federer in tennis or HEC in higher education) is rarely overthrown while the other two (Nadal and Djokovic or Essec and ESCP) shall be held in a handkerchief. The 2009 list of major business schools of Figaro (which this year 39 schools) did not mark a change from that of last year, the elite French business schools is its rank and maintains distance on its competitors . Things are moving instead in the top 8 because Euromed Management moved up one spot, placing themselves and now tied with Grenoble School of Management. It must be said that the school Marseille, which recently opened a campus in Marrakech, displays high ambition: to enter 2014 in the top 30 best business schools in Europe.The objectives of the school run by Bernard Belletante illustrate perfectly those of the schools' top of the basket ": international development. In this chapter, for the 2nd consecutive year, ESCP Europe, the five school campuses, is tied with ESSEC. Two points separate the total HEC.

Increase faculty

The prize for biggest jump back this year to the EM Strasbourg, winning seven seats and rose to 15th among major business schools, tied with ESCEM Tours-Poitiers. It is this leap particularly dramatic increase its faculty from 40 teacher-researchers in 2008 to 90 this year. Since the beginning, the Strasbourg institution also offers courses 100% bilingual English-French or Franco-German in the first year, reinforcing its image as an international school in the capital of Europe.Other progress to report, the Reims Management School, which accounts for three places better (9th).

New mastered

Conversely, some schools suffer declines in our ranking as the ESC Clermont, which gives 10 seats and settled into 29th position. It is true that many schools are entering this year and upset some hierarchies of mid-table. Include ISG Paris (39th), Advancia (31st), EDC Paris (36th) or CSEC (27th), who obtained the rank of master in 2009, awarded by the Helfer. The arrival of these two groups confirms the site – and merits – the model schools accessible after the tray. Number one in this category, IESEG consolidates its position in the top 20.The school, which won two seats, coming in 18th position, ahead of the ESC Lille, Rennes, or Dijon Troyes … Proof that schools in five years have earned their credentials.

Educational Initiatives

That leaves the ESC smaller in size, but regionally rooted, and that appeal to students seeking a coaching major and promotions reduced.Their educational initiatives are also assets, whether in the field of social responsibility and citizenship (humanitarian projects at ESC La Rochelle), disability (ESC Amiens) or Entrepreneurship (with Springboard Business at ESC Chambery). Whatever their size and position in the charts, however, these schools are judged by students and their parents on a single test in the coming months: their ability to integrate their promotions on a market l employment rather unfavorable for young graduates.

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The Americans found the taste of business in Russia

Posted in economic, economics, finance, news, world by admin on October 24th, 2009 | Comments Off

After the visit of Hillary Clinton in Moscow, the U.S. business community hopes that the doors of the Russian market will open wider to investors. Witness the normalization of US-Russian relations, a first joint working group dedicated to economic issues met last Friday in Washington.

This initiative, coupled with the presence of large U.S. employers in recent business forums in Russia, raises many questions and some concerns, the European side. Europe remains by far the biggest investor in Russia.

While an EU-Russia council was held today in Luxembourg and the Twenty-Sept slowly resume their bilateral dialogue, blurred by the war in Georgia, Washington advance his pawns.

Political Stability

Trade between the two countries reached 36 billion dollars in 2008."For years we have criticized Americans for not pushing hard enough in Russia. Things are changing, and this largely through the election of Barack Obama, "said Andrew Somers, president of the American Chamber of Commerce in Russia.

In an interview with Le Figaro, the representative of American business lobby is convinced of the "potential" that holds the country and put on a revival of the national economy in 2010. This year however, the GDP should fall by 7.5%, according to the IMF. "Having been hit the last and hardest of all developing countries, it is normal that Russia is also the last to emerge from the crisis.And it has natural and intellectual resources that are extraordinary simply impossible to ignore, "Judge Andrew Somers.

The latter, which also boasts the "political stability" are soft against economic choice of Vladimir Putin. While most analysts accuse Russia of having fallen asleep on oil reserves when the price of crude burning without any modernized its infrastructure, it considers that this mattress inflated black gold has allowed it, at the crisis, to buy social peace and stabilize the ruble. After a descent into hell, the domestic currency against the dollar reassessed.

Oil Siberia

For the president of the American Chamber of Commerce, the market for consumer goods, public works with the prospect of the Olympic Games in Sochi in 2014, and of course the energy are most promising.Recently, the Russian Prime Minister invited, along with Total, Shell and other BP, U.S. oil majors to Yamal, a land saturated with hydrocarbons located in the North. In return for transferring their technology and their know-how, Moscow promised to give them access to the exploitation of Siberian fields. But scalded by the misadventures experienced by Russia in Shell and BP, these promises of openness convince half the investors who are wary of government intervention untimely. Most recently, the boss of the group Rosfnet Sergei Bogdnatchikov, urged the Kremlin to restrict the granting of licenses to Western companies.

The Russian press also speculates on a possible withdrawal of American Conoco Phillips stake in Lukoil. "Companies are waiting to see what the conditions for investment.There are risks and companies must manage, "says Andrew Somers. "With the Russians, the Americans are prepared for surprises …"

The burden of new taxes on fuel prices

Posted in economy, features, news, technology, top news by admin on October 12th, 2009 | Comments Off

The French Union of Petroleum Industries (UFIP) denounced Thursday the weight of the new fuel taxes. Its president, Jean-Louis Schilansky explained that "the stacking of the fees will be as a result adds a little salt on prices at the pump." "This increase will be very, very important. Long ago we had no such increase since the government of Jean-Pierre Raffarin, said the president of UFIP.

The introduction of "carbon tax" could result in an increase of 4.92 euro cents per liter of gasoline, an increase of 3.8% of current price, and of 5.41 cents per liter diesel (+5.1%). The association of consumer UFC-Que Choisir has also considered Thursday that the impact of carbon tax on prices at the pump would be "anything but marginal.With the VAT charged to tax carbon per tonne of CO2 would cost over 17 euros, as announced by the government, but 20.3 euros, VAT included. As for gasoline, this would result in an increase of 5 cents instead of 4 cents as advertised. "We expect the government to increase from 19.6% the compensation offered to households," said Francois Carlier of the UFC. The government responded Thursday afternoon indicating that the carbon tax will be fully compensated for households, including VAT, and it was never intended to keep VAT revenue generated by the measure."The amount of compensation paid to households will be exactly equal to the amount collected or 2.65 billion euros, as indicated by the preliminary evaluation of the reform, released at the same time as the bill Finance "said the Ministry of Finance.

Up to 10 cents more per liter

The UFIP also pointed to the possibility for regions to increase the TIPP (domestic tax on petroleum products) to 0.73 euro cents per liter for gasoline and 1.35 euro cents per liter diesel. This event provided by the Finance Act 2010 for areas that have additional resources for the financing of sustainable transportation (rail or water) could add further notes the consumer.

"By combining all measures that apply to fuel in 2010, prices could rise to 8.8 cents per liter for gasoline and 10 cents for diesel," says the UFIP. The upper range, which represents 7 to 10%, includes in addition to the impact of carbon tax, the maximum increase of TIPP, but also indirect effects such as the impact of extending the licensing system of economy 'Energy and the requirement for incorporation of biofuels for fossil fuels. Vendors of energy that do not respect these ecological principles being penalized.

Biofuels: a five-station is equipped with only 20% of French service stations are currently equipped to distribute the new E10 biofuel, far from 60% to 70% predicted, said Thursday Jean-Louis Schilansky, president of the French Union of Petroleum Industries (UFIP).The President of the UFIP recalled that almost all cars registered after 2000 could use the E10, but it could have a corrosive effect on engines of cars unsuited. The French ethanol producers sold 7.4 million hectoliters in 2008 and plans to distribute 20% more in 2009 with the launch of the E10.

The ounce of gold could reach $ 2,000 within ten years

Posted in Uncategorized, business, economic, news, top news by admin on October 12th, 2009 | Comments Off

The former sidekick of George Soros, Jim Rogers, chairman of Rogers Holdings and investor known for his forecasts on the commodities market, has announced that an ounce of gold would continue to grow year after year until it reaches the 2,000 dollars within ten years. "The dollar is a dollar very imperfect" and "U.S. debt is held outside the country is progressing rapidly every year and I do not think Washington cares," he said to support his predictions.

In his statements, which were recorded on the sidelines of a conference of ETF Securities in New York, Jim Rogers also discussed progress continues to be held on the commodities market as a whole. The oil or sugar and should see their prices rise with a steady increase in global demand and supply reduction over the years.

Jim Rogers said that Asian countries in growth would be the main actors of this bull cycle in commodities.

New historic high

The ounce of gold hit a new historic high in sitting for the third straight day in familiar terms from the 1061.6 dollars late Thursday afternoon. Jim Rogers, who said "like gold" wished to draw the attention of investors on two other metals called "noble" that are silver and palladium, platinum derivatives. "The money is still 70% below its historic high," he said, as palladium.

A native of Alabama, Jim Rogers founded the Quantum Fund in the 70's with another now famous investor George Soros. Only ten years it has been necessary to build a fortune and retire at the age of 37.Specialist materials, it has launched a fund dedicated to market "commodities" in 1998 when the commodities market had just experienced two decades of decline.