Electricity rates in France, among the lowest in the world for the consumer, will better reflect the real costs of production. Clearly, they will increase. This is one of the recommendations of the report of 166 pages that the International Atomic Energy Agency (IEA) published on Monday morning. Created in 1974 after the first oil crisis, the IEA, based in Paris, provides a comprehensive review every five years the energy policy of each of its 28 member states.
Since the last such exercise, the hexagonal landscape was shaken by the gradual opening of markets to competition in gas and electricity, as well as the Grenelle Environment, described by the IEA to "environmental program impressive "to" ambitious goals ".
Railing against regulated tariffs
On an issue that directly affects the consumer, the Agency challenges the national system of pricing.For the IEA, champion of the liberalization of the electricity market, as Brussels, regulated tariffs, both for households and industrial customers will not endure. If they do not reflect costs, regulated tariffs create a "market distortion". The rate used in France does not reflect the cost, very heavy, setting up new nuclear reactors, the development of the 58 reactors of EDF were largely borne by the state.
In this context, the IEA applauds Nome Law, adopted June 15 by the National Assembly and still under review by the Senate, providing access to EDF's competitors to some of its electricity from nuclear power.The tariff, subject to a brawl between EDF and its competitors will be determined by the Commission for Electricity Regulation (CER).
Access to electricity in question
The report also highlights the weakness of the French system to meet peak electricity demand and reiterates the risk of faults in some regions (Brittany and Provence-Alpes-Cote d'Azur). An increased risk by the "limited availability" of nuclear power, which in 2008 turned to less than 80% of its capacity due to various incidents.
The IEA also interested in access of the poor to electricity. In late 2009, 800,000 households benefited from social tariffs for electricity and 400,000 gas. However, eligible households would total 2 million and 1 million respectively. The IEA has accused the government of inadequately informed about the tariffs that have helped cost the state 90 million euros.She recommends simplifying access, too bureaucratic.
Finally about renewable energy, the report points to the cumbersome administrative procedures to locate wind turbines.
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The trading day is difficult for Amazon Friday. In after market trading Thursday, the securities are traded on the internet provider declined by almost 15% to 102.55 dollars. This Friday, the trend is confirmed to significantly lower at 16 hours since the security loses 10%.
After the official closure of Wall Street Thursday, Amazon has posted results that disappointed investors. Of course, earnings rose 45% for its second quarter to 207 million or 45 cents per share. But analysts had predicted earnings of 53 cents per share. As for sales, Amazon will display a turnover of 6.57 billion, exceeding expectations (6.54 billion).
Operating profit rose 71% to 270 million but there is also far from the consensus (320 million estimated).
For the current quarter, Amazon provides billings between 6.9 and 7.6 billion dollars my credit score. The operating profit should be between 210 and 310 million showing a margin of 3 to 4% The analysts' estimates were much higher: 361 million expected to be a margin of 5%.
In a statement, Jeff Bezos, founder and CEO of the site says, "We see rapid growth in sales of Kindle, Amazon web services, sales to third parties and retail." "Over the last twelve months, customers worldwide have ordered from their mobile device for over $ 1 billion worth of Amazon," says Jeff Bezos still, he was confident in the potential of Tablet PCs, or as the Kindle 'iPad, to "become a vehicle extra" sales.
After ending a series of five consecutive sessions of decline Wednesday, the Paris Bourse is expected to continue into the red on Thursday. In the wake of the Asian markets this morning, the CAC 40 should reserve an icy about Ben Bernanke on the U.S. economic recovery. Judge it still too slow and the outlook remains uncertain, paving the way for new measures to support monetary policy. These ads were yesterday meant to topple the Red Wall Street, while the American stock market was moving in the green throughout the session.
This Thursday, new indicators are expected in the United States. In early afternoon, the Labor Department will release weekly listings for unemployment benefits. Next came home resales and the composite index of economic activity in the month of June.In France, INSEE unveil its monthly business survey in industry and business climate in July.
Investors also await with anticipation the release Friday of the results of resistance testing What happened to the European banks. In an interview with Le Figaro, the Minister of Economy Christine Lagarde said she was "totally confident" about the results of French banks.
Banks and cars to monitor values
The banking sector will be monitoring this particular Thursday, the eve of the results of stress tests of European banks. So far, BNP Paribas, Societe Generale, Dexia Crédit Agricole or have stood the wait.
Another sector with a view: the car.The supplier Faurecia announced before the market coming out of the red in the first half of 2010, net income of 102 million euros against a loss of 365 million a year earlier. The group has also sharply raised its guidance for full year credit score. Peugeot and Renault should react to this new optimistic that counterbalances the announcement of a sharp decline in car registrations in Europe in June
Still on publications, Remy Cointreau announced a turnover in the first quarter of 2010-2011 of 170 million euros, up 23.6%. The group will propose a dividend of 1.30 euro to the general meeting of July 27, 2010.
Plastic Omnium has expressed a net profit of 72.3 million euros in the first half against 8 million euros a year earlier.Turnover amounted to 1.518 billion euros and the group expects a second half "dynamic".
Technip issued a decline in net income of 8.7% to 106.1 million euros for a turnover down 14.3% to 1.48 billion euros. The objectives are confirmed.
Naproxcinod of Nicox rejected the U.S.
NicOx could be heckled. The FDA, the authority of medicine in the United States, has rejected his request for the U.S. market Naproxcinod of this treatment against osteoarthritis, a product NicOx expects a lot.
Unibail-Rodamco Wednesday decided to distribute 1.8 billion euros to its shareholders, or 20 euros per share in respect of a return of capital. The land has issued a recurring earnings per share of 4.70 euros in the first half of 2010.The band reveal all its first-half results after market close.
NRJ said Wednesday sales fell 0.6% in the first half of 2010, 165.2 million euros, penalized by the decision of the musical Cleopatra.
Pernod Ricard, Bongrain and Ubisoft will also release after the market closes.
Note that Novagali be rated for the first time at the Paris Bourse. The price was set at 3.40 euros per share.
The markets expected better from Google. The U.S. computer giant on Thursday posted a sharp rise in net profit and turnover for the second quarter. But net profit rose less than expected by analysts. "This is the result of a maturing society which is still growing and still has growth before it," said analyst Jon Ogg on 247Wallst.com. So much so that in electronic trading after-hours trade on Thursday, Google stock lost about 4% to 474.50 dollars.
The net profit up 24.3% over the year totaled $ 1.84 billion for the second quarter. But compared to the number of shares and excluding exceptional items, it is up to $ 6.45, while analysts were expecting 6.52."The trend over the results Google is disappointment," notes Jon Ogg, noting that it was the second time in three months that Google stock back to the publication of its quarterly results.
S & P welcomes financial profile "solid" by Google
But out of Google, we preferred to emphasize a "solid" second quarter. "We saw strength in key product categories, more and more traditional advertisers are putting advertising in the search engine, and major advertisers increasingly launching integrated campaigns among advertising research, picture ads and ads on mobile devices, "said Eric Schmidt, CEO of Google, said in a statement. Performance also welcomed by the rating agency Standard & Poor's on Thursday gave Google a "AA-", the fourth highest grade with a stable outlook.S & P praised the "extremely strong financial profile and strong leadership in its sector" of Google.
The turnover of the group has indeed risen from 24% in one year, 6.82 billion dollars, exceeding expectations. For the first three months of the year, revenues showed an increase of 1%, while several analysts were expecting a decline. In fact, revenues have declined only in Great Britain. A decline offset by growth in other areas, In particular with Brazil, India, Russia and "even in France," the company said.
Google made to continue to invest "heavily"
In a teleconference with analysts on Thursday, Chief Financial Officer Patrick Pichette said Google's presence in all segments of Internet advertising. For him, YouTube has become "a must" for advertisers, and "a great event for us."His analysis has been shared by some of his audience. "We believe that the current markets and future of Google, in research on computer sets and telephones, picture ads and YouTube, have sufficient opportunities for growth and revenue to generate a positive return on investment", believes Mark Mahaney, an analyst at Citigroup.
A strategic partnership with Omnicom
The CFO of Google has also used the conference to announce a strategic partnership with the advertising group Omnicom in the field of comic inserts. Advertising group agrees to purchase advertising space for clients to hundreds of millions of dollars. In exchange, Google will build with Omnicom platform buying and selling advertising.The software giant plans to "continue to invest heavily" by the end of the year. ALSO READ:
"Google released the creation of mobile applications
The decline in registrations in France in June already gave an overview of the state's automobile market throughout the European Union (EU). The European Automobile Manufacturers Association (ACEA) has confirmed on Thursday the downward trend by announcing a 6.9% decline in registrations in the EU. In total, 1,341,092 vehicles were registered in June
For June alone, the largest drops are collected by Slovakia (-40.6%), Greece (-39.3%) and Bulgaria (-32.1%). In addition to these countries is Germany, the largest European car market, with a decrease of 32.3% to 289,259 vehicles registered. France, second largest market, recorded a decline of 1.3% lighter.To explain this phenomenon, ACEA highlights the end of support measures for the sector, including the scrapping bonus.
The largest increases were reported in Ireland (75.8%), Portugal (62.5%), Finland (54.6%) or Spain (+25.6%) and United Kingdom (+10.8%).
A new face to face. And this, for the third time since 2001. Airbus and Boeing had 14 hours until today to submit their proposals to the Pentagon to get the first installment of the fabulous contract renewal of the fleet of tankers U.S.. Or 179 tankers for about 40 billion dollars out of a total of over 400 aircraft in exchange for a check of more than 100 billion dollars.
The two rivals have delivered boxes and boxes of documents 8800 pages for EADS Air Force Base Wright-Patterson U.S. Air Force in Ohio. The Pentagon said it would issue its final decision on Nov. 12, after the midterm elections in Congress. Contrary to some rumors, there was no third deposit offer from the Ukrainian Antonov.
The ultimate battle for the tanker has begun.Airbus (2008) and Boeing (2003) have each won once this contract before it is canceled. In March, EADS had been forced to throw in the towel after the abandonment because of "biased competition" in favor of Boeing Northrop, its American ally at the time.
Convinced that his offer and his plane are the best and deal with the Pentagon's commitment to open competition "fair and transparent," Louis Welsh, president of EADS, has decided to descend into the arena. EADS proposes the KC-45, a military derivative of the long-haul A330. This unit has successfully completed numerous flight tests and has won every competition in the world including in Britain and Australia with two KC-45 must be delivered by the end of the year.Facing him, a derivative competes with Boeing's Military B 767, a paper airplane that does not exist yet.
48,000 jobs
EADS has provided a list of its 200 U.S. allies including some key partners for the militarization of the aircraft. Among them, the first is Rockwell Collins, a specialist in avionics and electronics, as announced by the letter AeroDefenseNews. This group of 4.5 billion dollars in sales, is a longtime supplier to Boeing and its … B767! Rockwell Collins provides the avionics include weather radar and the B 767-200. But it is also an expert in military electronics, which are sensitive equipment aboard the C-130 transport aircraft from Lockheed and the KC-135 Boeing.GE Aviation, Honetwell, Hamilton Sundstrand, Goodrich or agreed to engage behind EADS which the Pentagon has recognized as prime contractor (prime contractor). If its bid is successful, EADS to build an assembly plant in Mobile, Alabama. He believes that his project will create 48,000 direct and indirect jobs with the outsourcing to the United States.
EADS Has a chance to win and achieve the American breakthrough he has been waiting long? Many questioned both the military contracts are in final political decision. The price will determine the Pentagon said, putting pressure on the two groups. EADS has already said he would not take a contract loss
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Louis Welsh critical attitude Boeing
"Boeing and Airbus have been fighting for years
After presenting the magnitude of reductions in departmental budgets, the British prime minister should explain the method he intends to use to achieve its objectives. The austerity measures unveiled by the government this weekend are particularly severe: the state is considering including reduced by over 40% of the cost of certain departments. However, David Cameron must ensure this Thursday in front of 450 members of his Government that the quality of public services will be maintained in spite of drastic budget cuts.
According to excerpts of the speech published by Bloomberg, the prime minister must detail his plan to replace "the old bureaucratic system with a new democratic system, enabling it to resolve the dilemma between maintaining services and reducing costs.
"We want to give citizens an opportunity to improve public services in our country through transparent, democratic local control, competition and choice," said excerpts from the speech. David Cameron will discuss in particular the possibility for the first time, electing police commissioners Guaranteed payday loans.
For its part, the Secretary of State for reducing costs of administration will scrutinize all the benefits of key government suppliers to reduce costs. The names of companies have not been disclosed.
600 000 public jobs threatened
The British Finance Minister, George Osborne, asked the Ministries of Defence and Education, to make projections based on a reduction in their budget 10% to 20%.But other state services must therefore prepare for reductions of 25% to 40% of their resources. In late June, the Minister announced in Parliament and with all the new budget measures he hoped would reduce the deficit from 10.1% of gross domestic product this year (2010/11) to 1.1 % of GDP by 2015/16.
The Fiscal Responsibility Office has estimated that 600,000 public sector jobs might be eliminated as a result of these forecasts to reduce the deficit.
The strong growth of the Carrefour share continues. After gaining nearly 3% Monday to close the Paris Bourse, the title was up 1.39% to 33.53 euros to 11.45, in a market that climbed 2.65%.
If the information has not yet been confirmed by Carrefour does not wish to comment, the group would indeed begun selling its operations in Thailand (550 million euros turnover in 2009 ), Malaysia (300 million euros of turnover) and Singapore (80 million euros of turnover), according to Reuters. "I would not reconsider our position on a number of emerging markets where the potential is not important," said Lars Olofsson, Executive Director of Carrefour, Le Figaro last January. These transfers could bring him some 800 million euros.
"Carrefour has too dispersed"
"These operations will confirm Carrefour to focus on China (3.5 billion euros in turnover in the first quarter of 2010, Ed), Taiwan (1.3 billion euros of turnover) or Indonesia (800 million euros of turnover), "said an analyst of CM-CIC Securities specialist value. He added: "These markets like Mexico, Chile, Japan, South Korea or Switzerland, which Carrefour has withdrawn, were either uninteresting or markets where the group has rapidly exceeded by its competitors. Carrefour was too dispersed. According to the analyst, other distributors present in Asia as Tesco and Casino would be interested, or even private equity investment based on the evolution of debt markets and mergers and acquisitions.The Casino has wished to make any comment.
Carrefour wants to "re-enchant the hyper"
To boost sales of its hypermarkets, the group plans to create new concepts. As part of its "hyper-enchantment" Carrefour should delegate its rays to Virgin Music, according to the magazine Challenges. By outsourcing this department to a specialist, the group hopes to attract more young people into its stores. A first test will be done in the store Venissieux. And if successful, the contract could be extended to 238 Carrefour hypermarkets, and cover all rays non-food, whose sales have fallen 5% in 2009.
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Strained by the crisis, the departments are tempted to turn against the state. The dispute: With decentralization, the state has transferred powers to districts – including RSA, allocation personalized autonomy (APA) for the elderly and the provision of disability compensation (PCH) – without ensuring adequate resources.
"In the Loire-Atlantique, uncompensated costs, which relate to social benefits but also transfers of personnel or the fire service, amounts since 2002 at least 393 million euros and 521 million at worst. This is high compared to our annual budget of 1.2 billion, "said council President PS Patrick Mareschal. Who said that encryption is derived from a mission conducted by elected right and left.The APA says the bulk of the difference: spending rose from 54 million in 2003 to 77,000,000 in 2009, while funding granted by the state stagnated at 27 million.
Nationally, the Departments of Assembly of France (ADF) has calculated that in 2009 the department had paid 12.4 billion ABS, RSA and PCH but received only 7.8 billion in compensation. So they paid 4.6 billion. In 2010, it will be 5.5 billion. Nothing surprising: between crisis and aging, social spending would increase by 4% to 10% this year, according to the Centre for Social Action decentralized, after rising 6.3% in 2009.
Another day of solidarity
"These are not 5.5 billion debt of the State towards us. Because he never committed to offset all the benefits, "said Bruno Sido, UMP senator Haute-Marne and Secretary General of the ADF.The General Council of Loire-Atlantique does not see things this way and preparing to attack the state. "By summer, we will take the administrative courts, which will raise before the Constitutional Council the question of the constitutionality of funding mechanisms," said Patrick Mareschal. The fact that the Seine-Saint-Denis and the Saone-et-Loire have been condemning the state on a more limited subject, the protection of children, encouraging vocations. And the promise of reform Francois Fillon dependence, and therefore the APA, by the end of the year, did not reassure the elect. The ADF would rather play for now, the map of Parliament. "We will table a proposal loistipulant that the state must provide compensation for permanent and sustainable revenue," says its president PS, Claudy Lebreton.More specifically, the ADF is seeking to recover this year one billion undrawn stagnant social funds. Elected officials have the right, them, another idea: "Let's add another day of solidarity, in addition to the Monday of Pentecost," offers Bruno Sido.
We thought the matter carefully crafted, but Germany poses new threats to the Greek question. Uncertainties that could affect the markets in Paris, on Monday, including bank stocks. The index futures rose 0.43% to 3895 points.
On the macroeconomic front, no significant statistical indicator is expected, both France and the United States.
Air Liquide has posted a quarterly net sales up 5.2% to 3.1 billion euros.
Accor has also published its sales for the first quarter, pre-market Monday.
Other Value to follow Air France payday loans. The inquest into the crash of Flight AF447 in June 2009 confirms that the speed sensors have contributed to the crash but also puts into question the maintenance, so that will continue research to find the black boxes.The Airbus A330 Air France was on the route Rio-Paris crashed into the Atlantic on June 1, making 228 deaths.
The AXA Rosenberg Investment Management, AXA Investment Managers company revealed it had discovered an error in a modeling program that may effectively reduce some risks in his system to optimize its portfolio.
