Investors were on the verge of losing patience. Ten months have passed since the announcement last September of a privatization plan. Wednesday, cutting short the rumors, the finance minister, Alexei Kudrin liberal, has finally confirmed: "We will sell a significant portion of our assets in state enterprises, while keeping the blocking majority."

The choice of companies is not yet finalized. The government is working on a list of eleven companies, including banks VTB and Sberbank and Rosneft, Transneft and oil.The Russian railways have been removed from the list at the request of Alexei Kudrin.

According to Russian media, the government must decide between the Ministry of Finance, ready to keep only 51% of assets, and the Ministry of Economic Development, which denies that the state ownership falls below 75%.

Reducing the budget deficit

Therefore unlikely that privatization begin "by the end of the year," warns Elvira Nabiullina, Minister of Economic Development: "We are working to accelerate and increase the volume of privatization," she explained yesterday emerging from a cabinet meeting devoted to the 2011-2013 budget bad credit pay day loans.The transfer of assets should be done gradually, the pace of 9-10000000000 of $ 8 billion euros per year for three years.

According to the Ministry of Finance, the privatization plan is to reduce the budget deficit from 4% in 2011 to 3% in 2012 and 2% in 2013.

But according to some, this is not the main reason: "To curb its deficit, Russia has its sovereign wealth, she did not need privatization. This is done for the Government to send a signal to markets, to show them that the plan to make Moscow an international financial center is taken very seriously, "says Natalya Orlova, chief economist at Alfa Bank.

Since the establishment, on July 7 by President Dmitry Medvedev, a group working on the creation in Russia of an international financial center, the business does not rustle as this: "This is to give investors the opportunity to get used to Russia, "said Natalia Orlova.

According to Alexei Kudrin, Russia's potential is comparable to that of "Dubai, Beijing or Shanghai" and is well placed to trade titles: "The MICEX Stock Exchange held, according to various indices of places from 10th to 19th, RTS Stock Exchange and is ranked ninth for trade in products, "he recalled in June.

ALSO READ:

The OECD covets emerging powers

The Russian Finance Minister fights alone against all

"The Russian loans are back with a bang on the market

Rigor or growth, the controversy Twenty-Seven do not extinguished with the final summit which has a fiscal tightening priority number one, are privately EU officials. Rather, the debate may resurface in the fall when the purge has hit the pockets of Greeks, Spaniards and Portuguese. It is also the time when France – soon followed by Italy – the first budget scenarios draw a crucial election year.Orthodoxy dictated by Angela Merkel and Jean-Claude Trichet to "save the euro, is probably not the last word.

"There is much talk of economic government, but except to despair of hundreds of millions of Europeans, this can not be reduced to handle the stick, says a prime minister. The EU must express a more positive discourse. "Behind the facade of unanimity, the summit of 17 June has seen crack consensus on the severity. Behind closed doors, elected by a large country has told his peers that he would not go to elections on an austerity program. A head of government has launched neighbor that he cared more for his popularity figures that the percentage of public debt.

Belgium, which takes the presidency tomorrow "rotating" of the EU and is found to manage the discussion, already began work clearance.The idea, pushed by Finance Minister Didier Reynders, is (re) launch a series of European projects clearly identified, to support investment and growth fragile. "States should certainly spend less, but they can also spend more," they said in Brussels.

The European tax, a topic still taboo

The new president was careful to mention a program of "great works" in the Keynesian mode. But he is making concrete and go beyond the pale "Strategy 2020" established by the Commission and just confirmed the summit. Several tracks are proposed, such as the integration of national networks of high speed trains, the interconnection of gas pipelines, or a coordinated plan for European manufacturers for an electric car general public.

In lean times, is to find public funding.Seen from Brussels, one or more of the taxes in gestation could find was a second use: the tax credit, the tax on financial transactions, or the carbon tax. This does not transform one of these tax levies national European topic still taboo in the EU. Each nation would undertake to devote part of its revenue to a new coordinated investment effort. This is the kind of government economic component.

ALSO READ:

"Trichet: It would take" 5-6 years "to clean up the rigor deficit

"In Britain, the Lib Dem rigor put in a difficult position

"The rigor of Finance is not the enemy of growth

The difficulties of implementation have been the height of the project. It took ten years for the developer to start marketing. Meanwhile, he faced a succession of setbacks, including cancellation of permission by the administrative court finally allowed reinstated last year by the Court of Appeal.

The nine square meter the most expensive in Paris

Originally, the land was purchased for 80 million euros.On this site, twelve buildings will be constructed along the streets of Sevres and Vaneau. The size of apartments range from slightly less than 30 to 240 m2 and prices cover a wide range: they start at 9700 euros per m2 to over 20,000 euros per m2 for the most prestigious apartments. What constitutes a record in the new in Paris. "In contrast to traditional family apartments one hundred square feet, prices are equivalent, once updated, with programs of the sixth or seventh districts at the end of the previous cycle," notes Christian de Gournay, the chairman of Executive Cogedim. Delivery is expected in the third quarter of 2013.

Two buildings housing must be built and a student residence, a residence for the elderly (EPAD) and 4200 m2 of shops.The historic buildings, including the two wings of the old hospital, which represent cross of Jerusalem, will be converted to office with the insurance group Allianz owns. As for the hospital chapel built by Louis XIII and classified, it will be exhibitions or host events.

Fifty or advance bookings have already been made. "These are French, including provincial seeking a pied-à-terre. We have virtually no advance bookings by foreigners, "says Christian de Gournay. The left bank of Paris 7, the official name of the program, wants a "new neighborhood in the city."The former home garden of 3500 m2 will also traveled to Paris and open to the public.

In 2010, Cogedim launch 84 programs in France and expects 350 new homes sold in Paris, a sign that the stone is once again a safe haven.

Christian de Gournay, who wants to make the third Cogedim French promoter, provides 1.2 billion euros of reservations this year (+80% compared to 2007). Prospects that delight its shareholder. "We welcome the redemption Cogedim three years ago. Our presence in the residential property market contributes significantly to the cash flows of the group, "said Alain Taravella, the founding president of the land Altarea Cogedim.

"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.

"The mobilization is at the height of the crisis across the world of agriculture today, said Dominique Barrau Le Figaro, number two of the majority union. Farmers expect concrete action from Europe and the French government, including a plan to lower taxes, social and environmental ".

A double shock

Even if they are not the worst off, farmers crops are facing a dual shock. The precipitous drop in market prices since 2008.Thus a loss of 80-90 euros per hectare of European aid after their redistribution last year, to the most needy in the Health Check of the CAP. A very easily accepted by those farmers who apply, however the government to intervene immediately in the markets to send prices back.

"There are currently 4 to 5 million tonnes of wheat in excess inventory that could not be 0 because of the damage in rail freight and port. They must elapse before the next harvest if prices will continue to decline, warns Michel Masson, vice president of the FNSEA and co-organizer of this event.

A request that the Minister of Agriculture, Bruno Le Maire, and he has heard this morning reiterating the European Commissioner, Dacian Ciolos, visiting Paris."I asked the Commission to intervene on the grain market and make prices go up," he said yesterday at the outlet of the Council of Ministers while urging farmers to "not lose hope."

For beyond this manifestation of discontent, many farmers are going through very difficult times to the point of suicide in extreme cases the rate of one per day is an act of recognition among urban populations they had sought in Paris yesterday. And on this point too, their operation is a success.

"It warms my heart to see Parisians applauded us," says J?r?mine, Young Farmers."They are the ones who feed us and they were not there, we would not be much," says Monique, a passerby who took up the cudgels for the farmers.

The question is whether this mobilization will be more than a flash in the pan and tangible effects. Upcoming dates: May 6 for the first committee to follow up major crops before May 22 and the reunion of all the productions that will invade the Champs-Elysees.

The U.S. market ended almost in equilibrium Thursday. The indices were pulled down at the very end of the meeting by the rising dollar and the ever present strife between the EU on Greece. A last-minute agreement was reached between France and Germany on this thorny issue. But investors are still cautious. Discussions are set to continue Friday between the heads of European states in Brussels.

On the foreign exchange market, the Franco-German does indeed clearly not reassured.The stern warning from the ECB president, Jean-Claude Trichet, the idea of intervention by the International Monetary Fund has weighed heavily on the single currency. The euro bought 1.3382 dollars in early trade Friday, after falling to 1.3268 dollar a day, a low not seen since May 7, 2009.

In the U.S., investors will pay attention to 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% of payday loan lenders . Finally, economic growth was revised slightly downwards to 5.6% annual rate.They also monitor the index of consumer sentiment from the University of Michigan.

On the side of values, Oracle said Thursday after Wall Street closed with a 13% increase in sales of new software under its third fiscal quarter due to a rebound in corporate investments. Also in the area of technology stocks, Qualcomm, the maker 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, hit by a strong dollar. The day before, Exxon Mobil (-0.3%) and Chevron (-0.2%) retreated, as the DuPont chemist (-2.4%).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 marketing director of Ford said the automaker U.S. should increase its market share in the United States in March.

Investors welcomed the figures published in the estate after the opening. According to the federation of Realtors NAR, sales in the old building in February fell 0.6% to 5.02 million units annualized cons down 7.2% in January. The news surprised the market which had forecast a decline of 1.2% to 5 million units. Compared to February 2008, sales of the older building show an increase of 7%.

These figures continued to fall, however, demonstrated the fragility of the recovery in the housing market.

Greece starts to worry the United States

Ben Bernanke will speak further on Thursday afternoon to a congressional committee on programs for emergency liquidity and their next stop. Thursday is also the date that will meet the leaders of the 27 EU countries for a summit in Brussels devoted to their principle economic strategy for the next decade, but then risk traders carefully any comments on the Greek fiscal crisis and possible practical support measures.

One of the leaders of the U.S. Federal Reserve (Fed), Dennis Lockhart said on Monday that the Greek crisis could "directly affect the economy of the United States." The euro was down against the dollar on Tuesday, still penalized by the lack of clarity on possible support measures.The euro stood at 1.3499 dollars against 1.3560 dollars Monday around 23:00.

For now, investors are well prepared. The rebound on Wall Street was foiled yesterday forecasts rather reserved, in the absence of major economic indicators.

The pharmaceutical always featured

The implementation of the reform of key Obama seems to be judged rather positively to the various stakeholders involved: the laboratories, but also providers of hospital services and what is even more unexpected – some insurers.

Values are pharmaceutical and trending up since yesterday. The sector gained 0.6%, which is market-mover of the meeting.

On Tuesday, the area still bears the Markets: Tenet Healthcare is 0.48%. Pfizer gained 2.24%, Merck climbed 0.52%.As for mutual Aetnat climbs 1.01%

The area of technology stocks is well oriented: Seagate (3.78%), Micron (2.03%), First Solar (2.43%) Applied Materials (3.56%), and Oracle (1.68%).

The property sector has reacted with mixed real numbers: KB Home 1.66% cowardly. Hovnanian rises of 2.19%. Lennar is 4.66%.

Walgreen (+1.64% to 35.91 dollars) has reported a quarterly profit increase, to 68 cents per share against the 71 cents expected.

Chinese authorities said on Tuesday that the decision of Google (-1.52% to 548.74 dollars) to close its research services in mainland China was an isolated act which would be treated "in accordance with law."

Time Warner (+0.03% to 31.29 dollars) has submitted the best bid from studio Metro-Goldwyn-Mayer. transaction amount: $ 1.5 billion, according to sources familiar with the matter.

The U.S. Treasury Secretary Timothy Geithner today ruled that the reform of mortgage refinancing agencies Fannie Mae (0.92%) and Freddie Mac (0.78%) should expect "a period of greater market stability Financial.

As for commodities, oil prices finished higher in early Tuesday. On the New York Mercantile Exchange (Nymex), a barrel of light sweet crude for May delivery ended at 81.91 dollars for his first day as a reference contract, up 31 cents from the close Monday.

Four employees of Rio Tinto appear from Monday for "corruption" and "theft of trade secrets": the Australian Stern Hu, head of the Shanghai office of Rio Tinto, and three of his Chinese collaborators. Upon their arrest in July 2009 in Shanghai, they were accused of stealing state secrets, that is to say, highly sensitive information on China's position at the negotiating table on ore prices iron.

Since the beginning of the Rio Tinto trade negotiations and lawsuits strangely coincide.The arrest of Hu Stern and his staff intervened when the negotiations on the price of iron ore were being ruined and one month after the rejection by shareholders of Rio Tinto increased participation of the giant China's Chinalco aluminum in the group's capital.

Partnerships in Africa

Earlier this year, announcing the end of the investigation fell when the price negotiations for the year 2010-2011 debuted without China. Like every year, the big mining groups that dominate the global market – Rio Tinto, both Anglo-Australian BHP Billiton and Brazil's Vale – agree with their key buyers – Japan, China, Europe – a price for the year starting April 1.But the mining groups have decided this time to discuss first with their Japanese buyers.

Last year, Chinese steelmakers were on a very firm position. No agreement had been reached. Steelmakers had ended up paying the market price, 80% over prices negotiated. This year, the talks heated still ahead. Miners might seek to secure increases of 50% to 90%, according to sources. Higher difficult to accept for the Chinese steelmakers.

But Rio Tinto hopes to continue its business in a country that became the main destination of its exports last year, with 24.3% of sales. The Anglo-Australian multiplies friendly gestures. A new head for China and was appointed last month. The choice of Ian Bauert is not trivial.This sinophile and sinophone was created in mid 1980 the first office of Rio Tinto Republic. For his part, Tom Albanese, CEO of the group, arrived in Beijing Sunday to attend an economic forum.

Last week, his company signed a partnership with the giant Chinese aluminum, Chinalco, for an investment in a mine in Guinea. According to the Australian press, discussions are also underway for projects in Mongolia and Australia.

It all begins when Nicolas G., a young engineer-energy air conditioner of France Telecom, is served with a transfer, then seen as "disqualifying" within the unit to troubleshoot customers in January 2009. While this type of job usually requires training estimated at 8 or 9 months, Nicolas G. is immediately put to use without further preparation. He committed suicide seven months later.But when the occupational and a firm specializing in the psycho-social risks identify the unit to which he belonged as being at risk "serious" health of its members, France Telecom does not put in place precautionary measures recommended low fee payday advance . Instead, the operator "significantly increases the rate of technicians"! Finally, the report indicates that this group is to "willfully refused to inform the committee on health, safety and working conditions" (CHSCT), contrary to legal requirements.

After already damning results of a survey conducted by the firm specializes Technologia and made public last December's report noted a "working atmosphere tense, even violent" is a new challenge to the company having recorded nearly fifty suicides since 2008, while France Telecom is still negotiating with the social partners agreement on stress at work. The report of the inspection work was awarded to South Union, which intends to bring civil actions. The floor of Besan?on, which had previously found impossible to establish a causal link between the problems professionals Nicolas G. and his suicide may well change his mind.

The assessment takes into account the damage caused by wind and partly by water.These latter are partly supported by governments that have recognized the state of natural disaster one hour payday loan .

To find the total cost of damage from the storm, it would also add all those suffered by all the infrastructure (roads, bridges, dams). Borne by state and local governments and not covered by members of the FFSA and the Grouping of mutual insurance companies, they have not been integrated to 1.2 billion euros. The final cost of Klaus – 1.68 billion euros – was nearly three times the initial estimate.According to the FFSA, it will take one to two months in order to establish the final amount of the cost of the storm for its members.

ALSO READ:

"Xynthia cost one billion to insurers

"Special Report Xynthia

"Storm: 20 million for oyster farmers