It's like income a year and a half ago. At the time, Renault intends to build its Clio IV in Turkey and not on the site Flins in the Yvelines. The government had to intervene and finally get the direction the car is partly built in France.
Will history repeat itself with PSA that intends to close its factory in Aulnay-sous-Bois (Seine-Saint-Denis) and Sevelnord (North). Except that unlike Renault's 30% owned by the state, the manufacturer, a lion is a 100% private. The scope of government is much smaller.
"These companies are accountable to the nation"
The State is taking this matter very seriously.If the Minister of Industry, Eric Besson, who met Thursday evening PSA CEO, Philippe Varin, said he was "reassured" by the commitments made by the carmaker, Prime Minister Francois Fillon, the move to guérande (Loire-Atlantique), did not hesitate to call the toll paid by the state to help a struggling sector during the economic crisis. At the time, PSA and Renault had received three billion euros each. "Given the large amount of aid made to the French car industry by the government, I would not and would not understand that these companies are not beholden to the nation that has helped easy payday loans." The Prime Minister will also have the opportunity to discuss this news with Philippe Varin on Saturday, as both men find themselves in the 24 Hours of Le Mans.
The Socialist Party (PS) is however not reassured."I do not have much confidence in his statements (Philippe Varin), says the spokesman of the Socialist Party, Benoît Hamon. Because we see a real transhumance migration of automotive production facilities and their equipment from the west to the east of Europe. " For its part, the Socialist mayor of Aulnay-sous-Bois, Gerard Segura, is confident that "until 2016, when production of the C3 should end in this factory. The industrial director of PSA, Denis Martin, had said Thursday that "industrial, it is absolutely impossible to give a guarantee on a sustainable medium and long terms. We have visibility into our roadmap to a year or 18 months. It is an absolute maximum, "he concludes. No doubt the state will seek to convince SAP to reconsider its plans.
Record! A bottle of Champagne Veuve Clicquot, 200 years old and found at the bottom of the Baltic Sea, was awarded 30,000 euros Friday, during an auction held in the Åland archipelago, not far from the spot where she was rescued in 2010 from the wreckage of a schooner that sank between 1825 and 1830.
This bottle, which, according to historians, belonged to Madame Clicquot in person, however, has not reached the heights expected. It was auctioned to a buyer in Singapore, which has also offered 24,000 euros for a bottle of Juglar a house Châlon longer exists. But already a new record is in sight: experts provide a bottle of 1907 Heidsieck would be to sell $ 275,000 in Moscow.
Money, 2.5 billion euros for the state. Competition to satisfy the regulator. Of land, as requested by Parliament. So Eric Besson, Minister of Industry, gave Monday in Le Figaro launches auction for 4G mobile phone licenses, there's something for everyone.
Operators, for whom these new frequencies are strategic deal with the explosion of mobile Internet, find, them, those auctions "overly complex" and "too fast".
"It's a gas plant, has criticized an operator, whereas the frequencies were divided into 15 lots and there were 9 combinations of frequency blocks available! "Given the excessive complexity of the procedure, we may be tempted not to go," he says.
The operators also consider the price too high."It requires a considerable financial effort to operators just when they are asked to invest in tomorrow's networks and optical fiber to continue to deploy 3G mobile networks," says one of them.
"That's fair. Operators are critical that the state will sell. It's like when Vou s buy an apartment, you put forward faults, not strengths, "says a close case. But the risks of litigation appear to be low, while the text is accurate and has been validated by the State Council.
MVNOs reassured
For their part, small operators without networks (called MVNOs), who were concerned about being excluded from the 4G, are reassured."We find that our calls for vigilance has clearly been agreed to promote the MVNO model and taking into account an ambitious architecture in the bidding," said Monday the spokesman of the Alternative Mobile, an association of 10 major MVNO, representing 90% of the market.
However, none of them even in the consortium, does not seem ready to be a candidate. "This tender aims to give additional spectrum for existing licensees," reacted Geoffroy Roux de Bezieux, CEO of Virgin Mobile, the first mobile virtual network operators with 2 million customers. "There is no room for economic fifth licensee," he said.
"The goal of planning that we put into law is fully respected, observed Senator Bruno Retallack of Vendee, Chairman of the Board of the Digital Dividend."The tender is balanced. The game is not made in advance and favors neither the one nor the other, "says Laura of Raudière, member of Eure et Loir.
Beyond the reactions of each other, do not mistake a poker game now undertakes. Operators should not miss the boat: This tender is a procedure in a single round. Everyone should have bet just before filing its envelope.
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Latin America is the region where foreign capital has increased the most last year – 40% – totaling $ 113 billion. And this in a global context where, for the first time, emerging economies exceed developed countries in terms of FDI (foreign direct investments), with 53%, says a report by the Economic Commission for Latin America UN (CEPAL).
In two years, from 2007 to 2010, the share of Latin American countries has doubled, from 5 to 10%.Brazil remains the locomotive of the continent, buoyed by a market of 190 million inhabitants, significant mineral and oil resources and the organization of two major sporting events, World Cup and the Olympics.
Between 2009 and 2010, FDI was almost doubled in that country to $ 48.5 billion, followed by Mexico (17.7), Chile (15.1 billion), Peru (7, 3), Colombia (6.8) and Argentina (5.2). "The first four have good credit rating credit rating agencies. In contrast, Argentina is penalized by a poor image, linked to the debt problem and the continuing dispute with the Paris Club.Its sovereign rating is a bit harsh and does not reflect economic fundamentals, "notes Bénédicte Baduel, Natixis.
Temperature Alert
Venezuela and Ecuador, the very dirigiste regimes of Hugo Chavez and Rafael Correa, who made numerous nationalizations, investors cool. The novelty of the year, also notes the CEPAL, the growing weight of China, who arrived with nearly $ 15 billion spent on mergers and acquisitions, third (9% of investments), behind United States (17%) and Netherlands (13%). Almost all concentrated in the exploitation of natural resources to fuel its growth.
The Executive Secretary of CEPAL, Alicia Barcena, the rest has warned against an excessive concentration of FDI in this sector."We are concerned because we are witnessing a reprimarisation economies," she said, lamenting the lack of investment in industry, technology and services. This is also explained by the sharp appreciation of currencies – the Brazilian real has gained almost 40% in two years – which makes them less competitive manufactured goods.
Despite the risk of overheating, fueled by a surge in capital inflows and a surge in inflation, the United Nations expect a rise of 15 to 25% of FDI in 2011 across the continent.
A few days of the publication date of his trial, we learned that the sulfurous designer John Galliano is released by his lawyer of long standing. Reached by Lefigaro.fr, Stéphane Zerbib confirms having "relinquished the record" in mid-April and said "why ignore the information out now." "Run by professional secrecy", he refuses to state the reasons for his withdrawal. It is also unclear whether the designer has selected a lawyer from another.
John Galliano has to appear for insult and defamation of anti-Semitism in the second quarter of 2011 before the Paris court, after an altercation with a couple in a Parisian bar in the Marais. Arrested while intoxicated after the events, fashion has always denied the allegations and filed a complaint for defamation. However, he apologized.
Licensee
A second complaint should be considered.It concerns a woman other than John Galliano insulted in October 2010. The artistic director of Dior would have ridiculed her looks, before uttering an English racist slurs.
John Galliano, who was dismissed by the House of Dior after these cases, faces six months in prison and 22,500 euros fine. We know the date of his trial on May 12
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States six months ago for the battle against the pension reform, unions march in a disorganized Sunday 1st May On the one hand, activists who express TF for 10 hours instead of the Bastille (XI) to the Place Gambetta (XX). On the other, the CGT, CFDT, FSU, UNSA Solidarity and the parade which begins at 14:30 Republic Square (XI) to reach Place de la Nation (XII). The CFE-CGC and the CFTC will not be present.
Unions do not expect a strong engagement on Sunday. "We will not be in a May 1 special," said Annick Coupe, spokesman for Solidarity and Jean-Claude Mailly, head of the FOR that "does not believe" that 2011 "will be part of the largest raw." Finally, Nadine Prigent, speaking Friday in Les Echos, "the tensions are there, but the forced passage of the government on pensions has given many the feeling that it is vain to mobilize at the national level."At least 173 marches are planned across France.
Despite distensions between unions, the slogan remains the same for all: the defense of purchasing power. According to a Harris Interactive survey for Humanity Sunday, 76% of French believe that the wage increase should be a priority for trade unions, to the defense of employment (72%) and social protection of employees (70 %).
Counter the rising popularity of Marine Le Pen
This topic is particularly dear to the unions that they have not been satisfied by the premium imposed by the government to companies with more than 50 employees.According to the CGT, these events "must be the occasion, with unemployment remaining at a very high level and wages still trending down, to show their determination to address these social concerns remain at the forefront."
Faced with the growing popularity of Marine Le Pen, president of the National Front, unions also benefit from these demonstrations to express their desire to fight for "equal rights and against all discrimination, including on all migrant workers". The five unions show their willingness to mobilize for the "'living together', solidarity between workers and equal rights, the choice of peace, the choice of the social. That's how that will decline exclusion, racism, rejection of others, "they say.One way to try to reassure workers who, according to a poll Ifop, 36% would vote for Le Pen in presidential elections in 2012. "We will not leave the street to the National Front on social issues", asserts Nadine Prigent.
Placed under the banner of "support for the Arab peoples who rise to the dignity and freedom", these parades will be like every year a large number of associations like the League of Human Rights and Amnesty International and women's groups ( family planning feminism or Dare) join unions.
The New York Stock Exchange ended on a mixed note Thursday, digesting as and when the day is some disappointment on indicators on unemployment and inflation. At the close, the Dow Jones gained 18.39 points or 0.15% to 12,289.38. The S & P 500 broader took 0.27 points, or 0.02%, to 1314.68. The Nasdaq Composite Index, however, declined 1.30 points (0.05%) to 2760.22.
The weekly jobless claims unexpectedly rose against the U.S. during the week to April 9, passing the 400,000 mark at 412,000 against 385,000 the previous week, said Thursday the Labor Department. Core inflation at the entrance of the factories in the United States was slightly stronger than expected in March in the U.S. and over one year, she is the strongest since August 2009.
These indicators are minor setbacks, but they will remind investors to keep an eye on economic statistics, including consumer prices "to be published Friday, said Fred Dickson of DA Davidson.
Obama's speech and the Beige Book Fed's call for caution
Barack Obama's speech from George Washington University, the preferred solutions to fight against debt and deficit incites prudence.Le Bush proposed in particular to tax more affluent households.Objective: to reduce the U.S. deficit of 4000 billion over 12 years.
The Beige Book Fed unveiled, also Wednesday night, has not reassured the markets: according to this highly anticipated release, "the Japanese disaster of 11 March will have a greater impact than expected on the U.S. economy, "because of disruptions in sales and production (especially on the East Coast and central United States)," says Franklin Pichard, Director Barclays Exchange payday loans with no fax. If the activity has continued to improve in the United States, this improvement has been uneven from one region to another. Soaring commodity prices began to threaten corporate margins and consumer spending.According to the Fed, the housing market remains depressed, even if the labor market, however, is stronger than in February.
Producer prices and jobless claims
Side indicators, foreclosures in the United States are divided on the rise in March, said this Thursday, the specialist firm RealtyTrac, which are expected to grow further in the coming months. In total, 73,174 homes were seized by creditors in March, up 13% from February, according to figures from RealtyTrac.
Google and Hasbro unveil quarterly leursrésultats
On the corporate side, after Alcoa and JPMorgan, it is this Thursday, Google (+0.39% to 578.51 dollars) and Hasbro (- 3.04% to 44.40 dollars) to reveal their accounts of the first quarter. Disappoint those of Google. In after-hours trading, the stock drops 5% to 549.80 dollars.
Zipcar, a U.S. car rental self-service, also announced Wednesday it fixed at $ 18 the price of the 9.7 million shares it plans to market Thursday, which would an IPO at some $ 164 million. This price action, revealed in a document released Wednesday by market authorities, beyond the range of 14 to 16 dollars advanced last week.
The state lost less money than expected. The deficit amounted to 7% of GDP at the end of 2010, against 7.7% forecast in the government budget, INSEE reported Thursday. "It's really a remarkable achievement," responded the Minister of Economy Christine Lagarde, on Radio Classique. "France, very clearly, not only keeps faith deficit but goes beyond."
Even if the deficit is less bad than expected in 2010, it remains well above the limits allowed by Brussels (3% of GDP). As the debt reached a record level. Fueled by the deficit by 2010 and previous years, it rose to 81.7% of GDP.
If the deficit is better than expected, it is largely because state spending has decelerated sharply from 4.1% in 2009 to 2.1% in 2010.In constant euros, that is to say, excluding the effect of inflation, the increase is limited to +0.6%, welcomes Bercy in a statement: "This represents a significant inflection, well below the pace of average growth of 2.3% in volume over the past ten years. "
Expenses well controlled
"Social spending has been tightly controlled, health spending rose in line with expectations for only the second time in ten years and pension spending rose less than expected," Dominique Barbet analysis, economist at BNP Paribas.
This result is also explained by "a backlash effect, following the implementation of the Recovery Plan in 2009, and thus the automatic loss of spending in 2010, Insee said quick pay day loan."Social benefits slow (+3.4% after +5.5%), especially because unemployment benefits (after +8.1% +21.2% in 2009) and non-renewal of premiums paid in exceptional As part of the recovery plan, "said the French Institute of Business.
Better collection of taxes
On the other hand, the economic recovery has led to better tax collection. Revenues, after falling 3.8% in 2009, rebounded by 3.1%, but regain their pre-crisis level. This dynamic relation to taxes on income and wealth (+9.3% -16.5% after) or VAT (5.1 billion euros after -6.8 billion euros). The Government also welcomes a cost lower than expected business tax for the state, even if, INSEE said, it "translates into lower taxes on business."
Paris has committed to reduce to 6% in 2011, 4.6% in 2012 and 3% in 2013. The good performance in 2010 makes mechanically objective for 2011. "It seems likely now that the deficit will be lower than expected this year," said Dominique Barbet.
The budget for next year will be presented in mid-April before parliament before being sent to European institutions. Bercy promised on Thursday to bring the deficit "below" even 3% in 2013.
While the country remains on alert this morning after a second explosion at the nuclear power plant in Fukushima Daiichi, the Bank of Japan (BoJ) is taking steps to counter the effects of the disaster into the economy and instant credit reports…
Word against word. In Madoff, Irving Picard that the liquidator opposes more violently than the bank JP Morgan. Their verbal sparring are also mounted a notch Thursday night after the publication of a complaint that was filed by Irving Picard Dec. 2 in federal court in Manhattan.
In this document, Irving Picard does not beat around the bush: "The story explains how Madoff misled the best and brightest in the financial community has been told many times. The liquidator's investigation reveals a very different story, that of financial institutions in the world who were aware of a probable fraud and knowingly decided to look away.Although many financial institutions have made possible fraud Madoff, JPMorgan Chase was at the center of this fraud, and was fully complicit, "he says.
The bank's reaction was not long in coming: "The complaint issued by the liquidator of the Madoff is without merit and based on distortions of fact as well as laws, said a statement. JPMorgan was not aware of the fraud orchestrated by Bernard Madoff and there was involved in any way. " The bank confirms that he had dealings with the company but that it was "not a major client of JPMorgan." Similarly, income derived from his account was "completely consistent with modest interest rates and costs imposed."
Compromising emails
The defense of the bank may however be more complicated than expected quick payday loans.In its complaint, Irving Picard published emails sent by employees of the division of the bank's risk. One wrote: "For what it's worth, I'm having lunch with (the name of the employee of JPMorgan is deleted here) who just tell me there is a big cloud- above the head of Madoff and that its returns are believed to be part of a Ponzi scheme, "the technical term for pyramid fraud. This mail is dated June 2007. Almost a year and a half before the outbreak of the case.
The bank's management defended itself by saying she was not aware and has realized the magnitude of the fraud only when it was published. But Irving Picard is far from convinced.The liquidator, who has already claimed $ 6.4 billion to the bank as compensation to victims, impossible to judge this establishment, which was "for 20 years the principal banker Bernard Madoff, has not measured the extent of fraud. So lively debates ahead between the two parties. JP Morgan warns that it intends to defend itself "vigorously."
On Wall Street, as JP Morgan has suffered in trade after-hours trading. Upon the announcement of the liquidator, he picked up 1.53% to 44.8 million. About 12 hours, the action manages to regain some lost ground, losing 0.64% to 45.17 dollars.
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