Avtovaz does not leave this market segment to competition from China or India. Granta is sold 220,000 rubles (5,600 euros). A price that is far below that of a Logan entry-level, hence the idea of the ultra-low-cost.

The rest is a matter of industrial process and sharing platform, the concept dear to car manufacturers and enabling them to lower their production costs.The Granta benefit from the platform of the Kalina, a model launched in 2004 which has not met with great commercial success. "Renault has helped teams Avtovaz to improve the quality of its models," said a spokesman for the French group. In addition, Avtovaz build its new city (of a size comparable to a Twingo) in its factory in Togliatti, 1,000 kilometers from Moscow, where labor costs remain low.

Tomorrow, the export?

For the Russian manufacturer, it is not missing the boat. This will be the first model launched by the "new" Avtovaz. However, the group really need to burnish his image and give it a quick facelift.

The Granta is primarily intended for the Russian market. But, like other Lada, it may be exported. "Renault will use this model was not defined e ', do you know in French. Everything is possible.Includes entry into the Western market for a new model even cheaper than Logan (7,600 euros in entry-level, excluding promotions).

Through Avtovaz, Renault approaching the threshold of new symbolic price of 5,000 euros which had underpinned the launch of the Logan, they are not reached by the group. For now, only few Chinese manufacturers and Avtovaz succeeded. In other words, there is no new car, responding to Western standards to 5.000 euros. The Granta could come fill this gap.

Other models of the group will soon be built at the factory in Togliatti. Beginning in 2012, adapted versions of Logan Lada station wagon and van will be manufactured, followed by Nissan, Renault and then two. A location of production that overcomes the prohibitive tariffs imposed by the Russian government.

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In Asian trade, the precious metal climbed to 1,265.07 dollars per ounce. Unheard.

Gold price over the past ten years.

Thursday already, Wall Street has ended in the green of accuracy at the very end of the day for the seventh straight session. This Friday, the meeting was a meeting of "four witches, one return is the quarterly expiration of four futures contracts: stock options, index options, futures and equity contracts index futures. The day has been less volatile than expected.

For the week, the Dow Jones gained 2.33%, the Nasdaq is 3.56% while the S & P wins 2.37%.

DSK reassuring spain

Today, no major macroeconomic appointment was expected.Investors have kept a close eye on the outcome of discussions between the IMF Managing Director Dominique Strauss-Kahn, and Spanish Prime Minister Jose Luis Rodriguez Zapatero. The IMF was very reassuring to turn on the country's ability to emerge from its difficulties financières.La day, following the Summit of Heads of State in Brussels, President Nicolas Sarkozy, also ensured that there was "no concern" about the financial health of Spain and no rescue plan was the agenda.

The markets have greeted the news without euphoria.The tension seems to be but fell from a cran.Sur the foreign exchange market, the euro lost some ground late in the day after playing just above the threshold of $ 1.24 in the morning.

Wells Fargo and Freddie Mac under pressure

On the side of values, Wells Fargo (0.29% to 28.01 dollars) and Freddie Mac (who signs a beautiful cascade of -15.90% to 0.43 U.S. dollars) has announced that it indirectly affected by the spill. The default rate of loans in the affected area is progressing, particularly in the case of enterprises in the tourism sector.Wells Fargo offers 90 days additional time for payment to households and suspend foreclosures in this area.

Always on the side of values, action BP (+0.16% to 31.76 U.S. dollars) which has soared from 8% the day following the company's decision to reduce investments and increase asset sale non-strategic to 10 billion dollars, should remain in the spotlight much longer. The 20 billion of deposits to compensate victims of oil pollution in the Gulf of Mexico also had a positive effect on the group's image.

Motorola (0.97% to 7.26 dollars) will buy most of its debt and inject liquidity into the mobile handset subsidiary that intends to create by means of a split, it was learned sources familiar with the matter.

Michele Bellon. – First of all, I said that not only this report is not new, but it has not been validated by the CRE. On the merits, ERDF has not slowed its investments in the network. For three years, the curve has inverted the contrary: in 2009, investments have been 2.3 billion euros, up 13.5% compared to 2008. This year we should exceed 2.5 billion euros. In general, it is less the level of investments that benefit them in sharpening our thinking today.We are in discussions with local communities to effectively address all the weaknesses of the network, where it is necessary to optimize the operation.

The cutoff time for users, however, increased significantly …

We must compare what is comparable. I read for example that this time would be cut almost doubled since the early 2000s. Except that we have had unprecedented weather events over a very short period. In 2009, the two storms Klaus and Quentin have been very disadvantageous to our infrastructure. However, thanks to the exceptional mobilization of the company, 90% of customers have been replenished in four days, this period has been reduced to two days during Xynthia in early 2010.If we ignore these weather disasters, the comparison with other European countries shows that in this field, France is well positioned.

An increase in transmission tariffs is necessary?

The problem is not only the issue of tariffs. However, the company is imposed today a number of benefits that do not fall directly within its original specifications. In particular, we assume a significant portion of the costs of connecting wind turbines and photovoltaic systems. These are considerable, but they could be allocated for maintenance and strengthening of the network. I would like, in the near future, the funding of new services entrusted to ERDF is fully identified and compensated.ERDF acting course for development of renewable energy, but we can not only support this growth.

ERDF is in the crosshairs of local authorities, who point to a poor quality of services. What say you?

We have renewed the dialogue. I want to strengthen the territorial proximity with officials, it is even more essential that the unions, which provide electrification project management in rural areas, are members of the National Federation of Local Authorities and licensors.

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Therefore, the temptation is great to work around the problem: give everyone the opportunity to leave at 60 if he wishes, but to dissuade the maximum. For this, the pension of a person choosing to leave "early" (before 62 or 63 years, for example) could be amputated, even if it has "all quarters."The track appeared there more than a month in the NRC documents, referring to examples of U.S., Japanese and German. It went almost unnoticed, except in the eyes of government officials who are working on pensions.

"The executive Ponder on it," admits one of the main actors of the file. "It's part of the range of possibilities," says a corporate source, emphasizing that nothing is decided. "I was cooking around that idea," says a union leader. Who speaks the same orders of magnitude, "a discount of 1.25% per quarter or 2.5% below the target age.In other words, for the same number of quarters validated, the person who would liquidate his pension at age 60 would incur a penalty of 10% to 20% compared to that which would prolong his career until age 62 – if the government set the example age objective payday loans.

A more complicated

The assumption is even less absurd than 22% maximum discount is already applied in France, supplementary pensions (Agirc-Arrco) for private sector employees who retire before age 65. The retiree does not realize, because a fund compensates this difference.

But the existence of this fund, called AGFF, is up to the renewal of a regular union-management agreement.The agreement expires at the end of this year and will be renegotiated just after the reform of pensions.

Advantage of the option: it offers hope of union protests limited, maintaining the symbolic age 60 years. Disadvantage: it would make a bit more complicated than a pension system that is already fairly. And above all, "everyone knows that it is the workers rather than managers, who tend to stop working when they have the right, a government source analysis. The risk is they leave with even lower pensions. The government plans to publish a first draft of its reform from mid-May

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Minister, Christian Estrosi, "finds that the return of social dialogue (…) has achieved a significant improvement with the support of employees, including funding of up to 51,000 euros for each employee Depending on seniority, with 22,000 euros in addition to compensation provided by law, "the ministry said in a statement.

Moreover, "? 700 000 for the training of employees have been made available under the National Employment Fund and Forthac, the collector organization credits the training in the textile industry, is committed to support training efforts developed by the state and the company, "the statement added.

A well kept secret

The 92 employees of the plant – which produces automotive carpet – demanded a premium extra-statutory redundancy 21com "> fast cash.000 euros.

The decision was taken on Tuesday afternoon. But no details were made public until Tuesday night. The secret had been kept to "shield the News", according to unions, which wanted the agreement does not fall into the water.

Employees Sodimatex Crepy-en-Valois, who had threatened earlier this month to blow up their factory to demand better severance pay, signed an agreement with management approach the weekend of April 3.

The unions committed themselves to "defuse" the gas tank they threatened to burn down and destroy them in exchange for "guarantees" on the smooth progress of negotiations with management, including premium extra-legal starting they demand.

The opening in the green indicates a positive response to the European Agreement on aid to Greece. However, enthusiasm is not appropriate, the dissent is still present between the leaders of the European Union. Discussions are also continuing this Friday. Yesterday the U.S. markets have ended almost in equilibrium, the indices being taken down at the very end of the meeting by the rising dollar.

Indeed, the foreign exchange market, the Franco-German compromise obviously does not reassure. The stern warning from the ECB president, Jean-Claude Trichet, the idea of intervention by the International Monetary Fund, weighs on the currency.This Friday, the euro recovers slightly (0.44%): 1 euro traded at 1.3363 dollar opening on Wall Street.

Note that oil prices rose slightly in the opening exchanges in New York, driven by a decline in the dollar. The barrel of light sweet crude for May delivery traded at 80.79 dollars, up 26 cents from the close of yesterday.

In the U.S., investors were awaiting the final figure of U.S. economic growth for the fourth quarter of 2009. The first two estimates showed a growth of U.S. GDP by 5.7% and 5.9%.Finally, economic growth was revised slightly downwards to 5.6% yoy overnight pay day loans .

Moreover, the index of consumer confidence from the University of Michigan appears to 73.6 in March, exactly the same level as in February. It is a little better than 73 points expected by analysts.

Oracle released its quarterly results

On the side of values, Oracle (-1.84% to 25.56 dollars) said Thursday after Wall Street closed with a 13% increase in sales of new software under its third fiscal quarter in due to a rebound in corporate investments.

Also in the area of technology stocks, Qualcomm (+0.26% to 42.30 dollars) a manufacturer of chips for mobile phones, has revised upward its sales for the second quarter.

The values related to energy and raw materials should still be under pressure, affected by fluctuations in the dollar on the foreign exchange market. Exxon Mobil (0.62%) and Chevron (0.87%) regained some ground from yesterday, as the DuPont chemist (0.54%). These companies mainly produce and bill dollar suffer doubly from the rising greenback against other currencies.

Ambac is in trouble again. Authorities in Wisconsin have reported taking control of about 64 billion dollars of impaired assets of U.S. credit enhancer, because a group's financial situation became uncertain. The Exchange sanctions: -8.94% to 0.60 dollars.

The marketing director of Ford (1.16% to 13.96 dollars) said the U.S. automaker is expected to increase its market share in the United States in March.

Discussions would focus on acquisition by ArcelorMittal of a stake in the company Bhushan Power & Steel to access a steel plant and certain mining rights of the latter in the region of Orissa best payday advance! !!???!!!???!!!. ArcelorMittal did not have access to the mines of this region.

The chairman of Bhushan Power & Steel, Sanjay Singal, denied the existence of such a project and he said ArcelorMittal had not approached.Currently the group headed by Lakshmi Mittal does not comment.

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At the close on Friday, the Dow Jones closed up 0.12% at 10,624 points while the Nasdaq and the S & P 500 have ended in any small fold, respectively, from 0.03% to 2638 points and 0.02%, to 1,150 points.

Retail sales in the United States have resisted to the bad weather in February. Against all odds, they rose by 0.3% compared to January (in data seasonally adjusted) while analysts felt they had declined by 0.2%.

But a little later, the publication of the index calculated by the University of Michigan has sown doubt.Americans are less moral than the beginning of the year. The indicator is in effect in March fell to its level of December, to 72.5 against 73.6 in February. Economists had forecast on 74 March. This is the second straight month of decline for the index, highly regarded as the tone of the current economic

News that fell after other statistics rather reassuring, even if they still emphasize economic problems overseas. Like the U.S. trade deficit fell to 37.29 billion dollars from 39.9 billion in January. For specialists Barclays Exchange, "it is a pleasant surprise to the extent that economists were expecting a deficit of 41 billion dollars."Other good news side of the labor market "listings weekly unemployment fell to 462,000 from 469,000 the previous week.

Oil prices retreated Friday in New York, the surprise cut in U.S. consumer confidence prompting traders to take profits. On the New York Mercantile Exchange (Nymex), a barrel of light sweet crude for April delivery finished at 81.24 dollars, down 87 cents from the previous day cash advance payday loan .

Citigroup has blown

Rated values of the fertilizer industry was bustling Friday at the NYSE by the withdrawal of Norwegian Yara in the race for the acquisition of Terra, leaving the field open to CF Industries.At closing, the Norwegian Yara International, has renounced improve its offer to buy Terra (-1.32% to 46.28 dollars), allowing the hand to CF Industries.

Meanwhile, Canada's Agrium (7.94% to 72.08 dollars) has dropped its hostile takeover bid, one year old, against rival FC Industries.

Financial stocks continued to be relatively sought. One of the largest increases in the Dow Jones was signed by the issuer of credit cards American Express (1.67% to 40.78 dollars).

The CEO of Citigroup on Thursday promised a return to profitability of the bank. The state could get rid of all of its shares within twelve months. The title of Citigroup rose 30% since the beginning of the month and by 20% since the stock market Monday.Friday, the shares resumed their breath, down 5.26%, to 3.96 dollars.

The health sector was neglected while the debate on reform of health coverage in the United States seems to be entering its final stretch.

The decline as Pfizer (-1276% to 17.07 dollars) weighed on the Dow Jones. The pharmaceutical company announced late Thursday the failure of three clinical trials of two molecules of the department of oncology.

In the energy sector, Devon Energy (-2.17% to 70.48 dollars), the specialist production of oil will sell at BP Plc for seven billion dollars of assets located in Brazil, Azerbaijan and Gulf of Mexico.

Note also the manufacturer of semiconductor National Semiconductor announced after the close of the NYSE, a profit of 53.2 million, or 22 cents a share against 18 cents expected by analysts' consensus.Turnover was 361.9 million against 348.6 million expected by analysts. The securities have grapill? 0.14%, to 14.36 dollars.