Posts Tagged ‘special’

Fortunes: Carlos Slim Bill Gates dethroned

Posted in economics, international, money, opinions, technology by admin on March 11th, 2010 | Comments Off

The crisis has changed the ranking of richest people worldwide. The twenty-fourth annual list prepared by Forbes magazine, published last night in the United States, and devotes the Mexican Carlos Slim as the richest man in the world with a fortune estimated at nearly 53.5 billion dollars. This is the first time since 1994 that a non-American held the top of the podium. The Mexican telecom tycoon saw his fortune grow by $ 18.5 billion last year to 53.5 billion, allowing it to anticipate a short head Bill Gates, the cofounder of Microsoft, which does is only the second man on the planet in terms of wealth, with – only – $ 53 billion portfolio payday loan . Warren Buffett, the legendary boss of the investment company Berkshire Hathaway, retrograde from second to third place.

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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Henri Proglio would use the accumulated retirement employment

"Proglio make the transition from Veolia" for a few months "

The major task of nuclear EDF is delayed

U.S. banks in full uncertainty

Posted in business, events, finance, life, top news by admin on January 23rd, 2010 | Comments Off

Following the proposals made by Barack Obama in order to limit both the size of banks and their risk-taking, the banking and financial markets have reacted badly. In exchange, the bank shares continued to tumble yesterday began to regard the U.S. markets. Do not panic however, as the project of U.S. President does not imply that the industry feared most: a dismantling of the largest U.S. banks. However, fear of an escalation, particularly during the passage of these proposals to Congress was clear Friday.

Eager to appear aggressive towards large banks unpopular elected officials of both parties could, for example, insist on a return to the previous rules in 1999, prohibiting commercial banks from entering the market trades.This would lead to force a breakdown of major banking groups like Bank of America-Merrill Lynch, Citigroup and JPMorgan Chase.

This is not the will of the White House. But Republican John McCain and his Democratic colleague Maria Cantwell nevertheless, for several days, submitted a proposal to that effect. "It seems that many proposals of President Obama going in the right direction," said former Republican candidate for the presidency. "Let's try to solve problems", commented the other hand his Republican colleague from Arizona, Jon Kyl."Do not seek a scapegoat that diverts attention from the mistakes of this administration," stated the curator.

New Principles

The Democratic chairman of the Committee on Financial Services of the House of Representatives, Barney Frank is aware of the danger of an escalation develop paydayloans . While he endorses the new principles set by Barack Obama, seven months after the introduction of the reform project finance. But he said he is not totally prohibit the "own-account trading 'of the banks.

While banks such as JPMorgan Chase and Goldman Sachs would be proposed by the White House forced to get rid of some of their activities in the capital and to abandon some of their own trading account.But Barney Frank said, "it would be wrong to demand that banks are withdrawing quickly from all hedge funds and private equity funds involved." The influential Democrat feared the consequences of massive sales made in an emergency.

Tim Geithner, Treasury Secretary, has lost influence in the White House in this case. He was dismissed in June, the approach taken today by Barack Obama to reform Wall Street. He feared that it unnecessarily complicates the debate. Before a group of bankers, closed Thursday night, he confirmed his reservations. Geithner seems to feel that the activities listed are not those who most leaden banks.

The immediate fate of the reform is in the Senate. Other more fundamental questions remain to be resolved.Within both parties, Senators remain divided, for example, on the same principle to let the Fed any role in banking regulation.

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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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"Brussels invites himself into the debate on Renault

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Woerth will extend the tax adjustment

Posted in economic, international, special, technology, world by admin on January 3rd, 2010 | Comments Off

Negotiate but not amnesty. This is the philosophy of Eric Woerth, the case of taxpayers illegally holding assets abroad. Opened in April, the unit adjustment for those of them willing to go in the right way – nicknamed "drunk tank" in reference to the "gray list" of tax havens – closed December 31 as planned. But "I will extend this action differently, by giving the tax authorities the means to work in the same state of mind," said Budget Minister Sunday on Europe 1.

The cell allowed these "repentant" to negotiate the interest and late penalties, without escaping tax liability itself.This method will be extended to "the tax administration as a whole" to allow "any person wishing to rectify the situation, make it legal to repatriate their capital, pay tax, do so on acceptable terms," argues Eric Woerth.

A carbon tax on the nuclear idea "crazy"

And to defend the principle of the cell – "a huge success," the minister said. It will be reviewed shortly. On December 9, Eric Woerth noted that the cell had already dealt with 1400 cases and that the State had recovered and 500 million euros. He said that capital repatriated then reached 3 billion.And confirms the information Figaro that, in late December, the caseload was about 3,000.

Angered by the comparisons with Italy, where taxpayers have repatriated 95 billion euros, of which 5 have gone into the coffers of the treasury, the budget minister said that this is amnesty, pure and simple. No way to go in this direction in France, repeats it: "The republican pact does not amnesty." And for those who do not request their regularization, "what will the tax audit.

About the censorship of the Constitutional Council, Eric Woerth confirm that a new carbon tax will "surely" passed before the regional elections in March.Its principle is the same for individuals (taking on fuel and gas reimbursement flat tax on income).

The new device will be "more structured" with that of CO2 allowances, which are subject to more industrial emitters of this greenhouse gas emissions – is the total exemption of carbon tax for these sites that motivated the constitutional censorship. Nevertheless, "we will maintain exceptions" because "the carbon tax is not calculated to undermine competitiveness. Among these exceptions, electricity: "It would be crazy to charge nuclear power because it produces no carbon, ignites Eric Woerth

The Paris Bourse back below the 3800 points

Posted in events, features, life, money, world by admin on December 9th, 2009 | Comments Off

The CAC 40 ended down 1.43% at 3785.30 points. Other European stock markets also closed in the red: the Footsie in London has yielded 1.65%, the Frankfurt DAX 1.66% and 1.62% Eurostoxx 50. After growing slowly in the early morning, the Paris market has swung into the red following the publication of an unexpected fall in industrial production in Germany (-1.8%) last October. Investors are also under pressure while in Greece the deficits have slipped dangerously leading rating agency Fitch downgraded the long-term debt of this country from A-to BBB +.

The statement made Monday by Ben Bernanke on monetary policy of the United States has not given clear direction to markets.The chairman of the Federal Reserve has however indicated that the central bank would keep interest rates at an unusually low for an extended period, while some economists fear the opposite.

The values of the day

Alcatel-Lucent is 1.33%. The telecoms equipment maker announced it has signed an agreement with Bouygues Telecom to test the 4G, the next generation technology of mobile broadband. Alcatel-Lucent is also the most action surrounded the square in Paris on Tuesday, with nearly 13 million shares traded.

EADS yields 1.41%. Air Algeria and ATR reported Monday the signing of a contract for four ATR 72-500 aircraft for delivery in 2010.The contract amount is 82 million.

Stallergenes (-0.26%) expressed Monday "very positive" three years of a long term study on the allergy tablet, Oralair, to assess the long-term effect and persistence of this effect after stopping treatment.

The Court of Auditors, the management of regional train derails

Posted in features, international, money, opinions, technology by admin on November 27th, 2009 | Comments Off

The Court of Auditors has published today its report on "the transfer to the regions transport train: mixed results and developments to continue." Verdict: TER now costs too much and it is not suitable for many lines in sub-activity. The institution of the Rue Cambon points to the lavish spending of regions purchase of rolling stock and operating costs too high for the station. The regions have spent 600 million euros since 2004 to renew their fleets TER. "They must be reasonable and proportioned more traffic to their efforts," said Philippe Séguin, the first President of the Court of Auditors. Investments can be a symbol of vitality but not necessarily needed. "The report also questions the effectiveness of operations by the SNCF and its inability to cut costs because of the status of railway workers.This induces a "surcharge of about 20 to 30%. "The SNCF is the sole interlocutor of the areas, said Philippe Séguin. This monopoly reduces the bargaining power of regions and do not push the operator to achieve productivity gains. "The average cost of a B in France is 17 euros per kilometer and train while it is only 11 euros in Germany.

According to the report, the TER has cost 2.7 billion euros to the regions in 2009. It represents an increasing share of their budget for an average load of trains by 26%. Lines and less crowded – or 7 800 km in France – do not see spending an average of ten trains per day. These figures conceal wide disparities: trains run empty in rural areas and off-peak while others are crowded into urban areas.

Carbon footprint

The Court of Auditors calls for the abandonment of certain lines in favor of the bus."The cost of the less frequented lines is too high for public finances," said Philippe Séguin. It is equivalent to the mile, the cost to use a private car. "The Court regrets that the" analytical accounts of the station "makes it difficult to choose between profitable routes and unprofitable lines.

Paradoxically, the use of the bus even improve the carbon footprint of TER. Today, 90% of lines are not electrified and diesel is half the energy consumed by the regional trains. "And most of the electrical energy is of thermal origin, explains Philippe Séguin. The carbon footprint of the TER is not favorable. "

The report of the Court of Auditors (pdf)