The euro falls, defective Greek "increasingly likely"
Pierre-Antoine Dusoulier, the head of Saxo Bank
Pierre-Antoine Dusoulier, the head of Saxo Bank
Christophe de Margerie confirmed and signed. In mid-April, the boss of Total has caused an uproar by saying that the super two euros per liter was something inevitable.This time the statements are more subtle but no less firm: on the margins of economic meetings in Aix-en-Provence, the head of the French company said that "the price (of oil) rather than being on the rise, so do not expect long-term prices (fuel) down. "
The issue is very clear to Christophe de Margerie, "If it does not reflect the increase in oil prices, the box runs." Under these conditions, while going on holiday will intensify in the coming days, the price the pump are about to take four to five cents extra.
The decision of the International Atomic Energy Agency (IEA) on 23 June, to tap into strategic reserves to lower prices will have had a very limited impact."The effect was instantaneous – crude has fallen from 115 to 107 dollars, almost four cents less at the pump – but the fundamentals of the market quickly regained the upper hand," said Jean-Louis Schilansky, President of the French Union of Petroleum Industries (Ufip).
$ 200 a barrel
In this case, is the increase in demand on prices. While the IEA has estimated that the outbreak in the spring classes began to slow global consumption, but the 90 million barrels per day (bpd) is no longer so distant. Moreover, if growth continues, the cap could be gone by the end of the year, according to the scenarios of the Agency.
Meanwhile, it is unclear how far prices will rise at the pump. At the end of last week, the Brent crude in London closed above $ 118."The courses tend gradually to 120 dollars," said Jean-Louis Schilansky which states that within a few days fuel prices should find their levels of early June. An average of 1.50 euro for unleaded 95 and 1.33 euro for a liter of diesel. As for the bar that fateful two euros per liter, it corresponds to the experts at a price of 200 dollars a barrel. "We still have some respite," said Jean-Louis Schilansky.
In this issue so sensitive fuel prices – especially in summer – the government continues to be very careful. A few days ago, they had encouraged retailers to pass quickly down the barrel instantly.This time, they should encourage stakeholders – oil and supermarkets – to smooth the rise in crude.
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The U.S. stock markets are yo-yo. After closing sharply higher Friday, Wall Street declined sharply on Friday. The Dow Jones lost 0.76% to 12,622.54 points, the Nasdaq yield 0.84% to 2848.44 points and the S & P 500 0.99% to 1339.84 loose points. Thursday, Wall Street has ended sharply higher, reassured by the employment figures in the private sector.
These declines are explained by the release this Friday afternoon, disappointing numbers in employment in June that contradict the good results of the ADP survey released Thursday.The hires are in fact remained at a standstill for the second consecutive month, with only 18,000 jobs created, while the unemployment rate continued its rise, to 9.2%, according to figures released by the Department of Travail.Le report Official "is seen as a crucial gauge for assessing the short-term capacity of the world's largest economy to withstand" the signs of slowdown in the country's economic recovery, analysts explained the broker FXCM.
On the macroeconomic front, investors will also monitor the numbers of consumer credit in May (21 hours).
For his part, President Barack Obama acknowledged yesterday that the disagreement persisted with the Republicans on the budget and debt.He has given a new appointment on Sunday to elect to provide an update on the progress of talks will take place by then.
First results expected Monday half
Attention should also be strengthened by the forthcoming opening of the ball half-year results. As usual the aluminum giant Alcoa (-1.33% to 16.27 dollars) will open the show these ads on July 11 or next Monday. Generally considered a barometer of the health of the U.S. economy, the aluminum companies would announce analysts said a sharp rise in earnings in the second quarter.The rise of aluminum prices and increased demand, especially from aircraft manufacturers, accounted for much of this improvement.
On the foreign exchange market, the euro lost ground against the dollar on Friday, traders moved cautiously before the release of the official report on employment and unemployment in the United States, major indicator to assess the strength of resumption of the world's largest economy.In early afternoon in Paris the European single currency was worth 1.4323 dollars against 1.4356 dollars Thursday
The side of values, given the green light Thursday by the shareholders of the transatlantic exchange operator NYSE Euronext (-0.40% to 35.26 dollars) a merger with Deutsche Börse marks a victory for its chief executive Duncan Niederauer, who strongly defended the project since mid-February.
Always on the side of values, the U.S. pharmaceutical company Pfizer (0.10% to 20.25 dollars) is considering "strategic alternatives" including the potential sale of its animal health business and infant feeding.The animal health division of Pfizer in 2010 achieved a turnover of 3.6 billion and nutrition Pfizer $ 1.9 billion.
Moreover, after the close of Wall Street, CEO of Exco Resources (7.46% to $ 0.72) Douglas Miller has revised its bid on the company to 18.5 million in cash and a part in actions against 20.5 million in cash earlier.
For its part the News Corp. (-2.84% to 17.42 dollars) will close the British tabloid Sunday News of the World, in the heart of a wiretapping scandal.
Also note, the Taiwanese SemiLEDS (-8.06% to 5.70 dollars), listed on Wall Street has announced a loss of 5.1 million dollars, or 16 cents per share against 6 cents expected. Turnover was down to 5.6 million against 9.9 million last year and 6.3 million expected.
This is the seventh increase in less than a year. If the Swedish central bank Tuesday raised its key rate by 0.25 percentage points to 2%, is above all to contain inflation risks, which reached 3% in May, even though the limit is 2 %. "The core inflation (excluding prices of raw materials and other volatiles), upward trend in recent months, rose 1.7%, said Victoire Dumaine-Martin of Natixis. Unlike the Bank of England or the ECB, the Riksbank has a wide scope for growth remains dynamic. "
In fact, with a GDP increase of 5.7% in 2010 from 7.5% last quarter in the year-the highest score statistically memory, after a severe recession of 5.3% in 2009, the country who wants to stay out of the euro area, acts as a "northern tiger" which prances in the forefront of European performance.Unlike the German locomotive, which relies mainly on foreign trade, it is primarily the dynamics of domestic consumption, private and public, which boosted the Swedish economy in 2010.
Benefiting from sound public finances, Sweden did not need to austerity plan, unlike most European countries. Stockholm has achieved a balanced budget in 2010. Public debt fell from 54.3% in 2001 to 39.8% in 2010. "Exports have helped the country out of recession but in the end of 2010 the contribution of foreign trade has been zero, the explicit expert Natixis.This is related to the process of restocking businesses and strong domestic demand that boosted imports. "The tax cuts implemented by the center-right government and the improvement on the employment front from mid-2010 with an unemployment rate of 7.9%, which should continue to fall around 5% by 2014, supported consumption.Raising interest rates is also intended to counter the housing boom: prices have risen steadily to regain their pre-crisis level and the rate of household debt has jumped 103% of income Gross available in 2000 to 170% today.
Appetite for emerging
If since the beginning of the year, growth slowed 0.8% in the first three months of the previous quarter, and should continue in the coming months, mainly because of a decline in other European The forecast for this year is very envious, well above 4%. A situation aided by the appetite of emerging economies for "Made in Sweden" and productive investment to restore productivity.
At Paris Air Show, Airbus steals record after record. While the European aircraft manufacturer has been a landmark order yesterday from the Indian carrier IndiGo, involving 180 Airbus A320 150 A320neo, a subsidiary of EADS did even better on Thursday. During the fourth day of the Paris Air Show, the manufacturer confirms the largest order in the history of civil aviation in the number of devices with 200 Neo A320 from Air Asia. The boss of AirAsia said Thursday that the day would be a "great day" for the company. AirAsia, based in Malaysia and largest low cost airline in Asia, with this command becomes the largest customer of Airbus.
In addition, American Airlines is about to acquire from Airbus over 100 single-aisle A320 series, according to Bloomberg. The price of the order could amount to about $ 8.5 billion at list prices.These devices replace less efficient airplanes like the Boeing 757 and MD-80. This command would be a setback for Boeing since the company is usually the client U.S. aircraft manufacturer, Airbus' main competitor.
After its intention to buy A320neo, the airline GoAir Indian low cost has signed a firm order this morning for 72 medium-haul of its kind.
Since the beginning of the show, the success of the A320neo is undeniable: it should pass the milestone of 1000, just seven months after its commercial launch. Subsidiary of EADS has already exceeded its targets since was 500 A320 orders by the end of Bourget.
Other models also reap Airbus orders this Thursday
The A380 also encounter expressions of interest. Skymark Airlines has confirmed Thursday morning ordering two A380s.The amount of this additional order would reach at list price, $ 750 million.
In addition, Airbus hopes to get "a significant portion" of the large order that would formalize Air France-KLM this summer, said Thursday Fabrice Brégier, Chief Operating Officer of the European aircraft manufacturer. The French company could opt for the A350 model. "We believe that the A350 has advantages over the Boeing 787. For us to make to Air France-KLM, "commented the manager.
For now, the official death toll is over 700 orders and options, including 347 firm orders for Airbus in three days. The total amount of these orders, at list prices, at more than $ 65 billion.Boeing is so far below as the U.S. garnered 126 orders and options, including 61 farms, pour19 billion.
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Pending the arrival of his eagerly awaited first smartphone with the Windows operating system Phone at the end of the year, and production "mass" in 2012, we have to wait markets and customers. That Stephen Elop, president of Nokia strived to do during the CommunicAsia exhibition in Singapore. "Our main strategy in the field of smartphones is to focus on the Windows phone," he said, for its next billion mobile.
For Nokia, it is urgent. Last month, the group issued a warning on its sales and results, giving even to make predictions, as the period is difficult.Its sales continue to decline, it would hold more than 13.1% of the smartphone market in the first quarter against 25% a year earlier.
But maintaining a strong presence of the Symbian operating system in its range and choice of Microsoft at the expense of Android leave many doubts cast. While the number of applications available on a smartphone is a paramount requirement, the Finn is not in the race. It strives for the time to catch up in smartphones, highlighting the N9 in Singapore, expected to outdo the iPhone and Android to its competitors. To do so, Nokia boasts jumble "three home pages," his "handy user interface," "better voice quality," connectivity … The N9 (under platform Meego) is also equipped with a NFC connection, which enables contactless payments.With this feature, shows that Nokia is still able to board the train for a new technology, not to watch the competition from without it.
With the launch of three new models (N8, E7, C7 and C6-01 will be sold in July) Nokia has pushed the highlight of its commitment to Symbian OS. These terminals will be equipped with the new update system Symbian Anna. Novelty of this new version, it will be downloadable for those who have already bought one of these phones. And over the next twelve months, Nokia will market up to ten new smartphones based on Symbian. From there to imagine that the Finnish and protects against possible setbacks of its U.S. partner, there is only one step.It also reaffirms its loyalty and its customers, accustomed to its operating system, and that it might lose by abandoning it completely. Hence the idea to favor a smooth transition.
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Is this a side effect of the crisis that has swept the Hexagon in recent years or the present assertion of a belief rooted in the longstanding head of the French? According to an Ipsos poll conducted for the National Mutual land and published in La Gazette des communes, no fewer than two in three French say they do not discourage their children to become official if he so desires. For the authors of the study, "the idea that the French have a bad image of officials is therefore reversed. The proof: they dream for their children.
These are, unsurprisingly, the staff themselves who rent the more the idea that their offspring borrow one day the same way they do: 91% of hospital employees, 74% and 71% of territorial officials .If there are few differences between supporters of the left and right, the two opposing groups on the non-replacement of staff on two retiring 71% of prospective voters of François Hollande or Martine Aubry are cons, while 64% of supporters of Nicolas Sarkozy are for. Like what, the public remains a cleavage …
Eurocopter will be able to develop a new civil helicopter. Matignon has indeed granted an aid of 550 million euro to the subsidiary of EADS, said The Tribune, to develop the successor to its flagship product, the Dauphin. The benefits should also be concerned subcontractors Eurocopter subsidiaries beginning with Turbomeca Safran Group and Sagem. And in total, the amount of manufacturing this new device is expected to reach 1.5 billion euros for commissioning by 2018-2020.
The aid granted by Matignon is part of the large borrowing for future investments. In fact, France wishes to maintain the production of these helicopters in France, the site of Marignane, near Marseille. Especially since the funds allocated by the State will fund the innovations on the new model guaranteed payday loans.Eurocopter had specifically requested funding for R & T (research and technology) and R & D (research and development) for his project X4 (4 helicopter as a 4-ton). The allocated budget will also develop "an ambitious technological program, says La Tribune in technology (turbines, avionics, rotor blades, fuselage …)» in a highly competitive range.
The newspaper said that the Steering Committee of the General Commission for Investment (CGI) was initially granted 400 million euros. It also specifies that arbitration government has not yet been an official signature.
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The news will revive speculation about the succession to Maurice Levy. The boss of Publicis Groupe, the world number three communication, set this Wednesday, Jean-Yves Naouri head of Publicis Worldwide, its largest advertising network. A decision fraught with meaning, and "an important context for me," says the FigaroMaurice Levy, whose term as CEO was extended beyond the end of 2011, but no deadline is set .
Jean-Yves Naouri, who also remains CEO of Publicis Groupe operational, takes the place occupied since 2006, Richard Pinder, who is leaving Publicis' to carry out personal projects. "
At 51, Jean-Yves Naouri still does not inherit the scepter, but puts its new mission as a worthy successor.While giving him the keys to the brand's founding group Publicis, Maurice Lévy offers him the opportunity to "complete the range" of its capabilities: to manage the operational activity of a network of nearly 10,000 employees, serving client world leaders in their sectors such as Renault, L'Oreal, HP, Nestle and Procter & Gamble.
His appointment and the departure of Richard Pinder concomitant further reduces the range of possibilities, especially after the release of the game by David Kenny, former head of Digitas, acquired by Publicis in 2007, and Vivaki – which includes activities and digital media group payday loan online. The latter joined the Internet Akamai solutions specialist.
Initiatory journey
The trajectory of Jean-Yves Naouri has it, all of the initiatory journey.He joined Publicis in 1993 after a stint in the cabinet of Dominique Strauss-Kahn, Minister of Industry from 1991 to 1993, this X-Mines co-founded Publicis Consultants, assumed the chairmanship of Publicis Conseil in 2000, and his classes internationally, including the charge recovery activities in northern Europe, or that the healthcare division.
Organization man, Jean-Yves Naouri has risen through the ranks of the group. Appointed Executive Vice President of Publicis Groupe in 2004, Deputy Director General in charge of operations in 2006, then Chief Operating last year, he is a member of the Board since 2007.
Challenge beautiful "and" great opportunity "in the words of Jean-Yves Naouri, the post he was offered Wednesday is" a step closer to the finishing line, "which places" in an excellent position in the race "warns Maurice Levy.
"Our results are magnificent, it is a historic year for our group!" Tuesday, Vincent Bollore, CEO of the same name, do not sulk his pleasure at the publication of results of 2010. Overall, all lights are green and especially the profits which have been multiplied by three in one year to 358 million euros.
This performance is due to the growth of group activities (logistics, energy, media) and greatly to the share of profit of associates to the group that mounts alone, 200 million euros. More than half comes from a reversal of provisions on securities Havas, owned 32.9%, which must be added nearly a third of the group results of the pub, or about 35 million euros.The benefits of planting thousands of acres of palm and rubber trees in Asia and Africa, are also up to 45 million euros.
For this year, the big story of Bollore is the electric car. After a decade of investment in the development of a dry battery and the acquisition or construction of production facilities in Britain and Canada, 2011 is the year of launch.
Bollore starts in a few months of marketing to the general public of its electric car launches and especially BlueCar Autolib 'in Paris. This is a unique car-sharing system. In return for a subscription of 14 euros per month, the Bolloré Group will provide Parisians electric cars, equipped with a battery Bolloré and assembled in Italy by Pininfarina chains, leased 5 euros for half an hour.The group pledged to offer 250 BlueCar in October and 2000 in a year.
A great showcase
A race against time involving several divisions of the group is committed. The 6000 electrical terminals and communication will be provided by the subsidiary IER. Bolloré Telecom's in geolocation. Havas will be put to use for advertising. In addition, 1200 full-time employees are being hired. The annual operating costs of Autolib 'are evaluated at 60 million euros per year. From 30,000 users per day, the project is profitable.
The financial risk is far from negligible, but Autolib 'can become a great showcase for Bolloré. If successful, the technology could attract manufacturers that Renault and Nissan lead are betting on lithium-ion batteries called liquids.This technology has the major drawback of heat unlike the dry battery, ensures Vincent Bollore determined to demonstrate that its battery is best.
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