The U.S. equity market, which watched the unemployment figures for the month of August, one statistics most anticipated by the market, have been relieved. In the first exchanges, the Dow Jones gained 0.96% and the Nasdaq 1.25%, gains made over the clues that confirm the closure. Thus the final bell that marks the end of the formal meeting, the DJIA gained 1.24% or 127.83 points to 10,448.93 points while the Standard & Poor's 500 took 1.32% or 14.40 points to 1104.50 points. Finally, the Nasdaq Composite was awarded 33.74 points or 1.53%, to 2233.75 points. For the week, the Dow gained 2.9%, the S & P 3.8% and Nasdaq 3.7%.
Dollar takes off against the yen
On Thursday, U.S. markets have ended in the green on the wire.At the close, the Dow Jones advanced 0.49% to 10,320.10 points, the Nasdaq gained 1.06% to 2200.01 points while the S & P has won 0.91% in 1090 10 points. Prudent after Wednesday's rally, investors have finally acknowledged the unexpected rebound promises logements.Sur selling the foreign exchange market, the dollar surged Friday against the yen just after the publication of the monthly U.S. employment , better than expected by analysts, but the trend of the greenback remained uncertain against the euro. Around 24:50 GMT, the dollar was worth 85.17 yen 84.30 yen against Thursday about 2100 GMT.Traders were reluctant, however, on how to behave on the pair euro-dollar: the greenback was first flown in front of the single European currency to clear almost instantly his movement and return to its pre-publication report around 1.2840 dollars per euro online payday loans.
HP and BP monitor
On the side of values, the world's number one computer, Hewlett-Packard (HP) has awarded the California manufacturer of storage systems 3PAR $ 2.4 billion after a bidding war with its rival Dell, which has thrown in the towel Thursday. HP gained 1.74% to 40.37 dollars while its rival Dell wins 1.78% to 12.58 dollars.
The BP Group, listed on Wall Street, said that the oil spill in the Gulf of Mexico has cost eight billion dollars.The group withdrew Thursday vast funnel that had been able to stop in mid-July oil spill in charge of the oil spill in the Gulf of Mexico, a key step before a final order of the well, said a U.S. official. The BP is assessed as 2.27% to 37.39 dollars.
Expected for several months, the competing tablets iPad were presented at the IFA electronics show the general public in Berlin. Archos The French had taken the lead in introducing a new range of five tablets. The way Apple is surrounded and earns 2.62% to 258.77 dollars.
Also note, the Wall Street Journal, the Treasury of the United States debates the number of foreign investors would be entitled to subscribe for the reintroduction of General Motors stock.
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The French mobile market continues to grow. In late June, the park had 61.9 million mobile customers, according to "Mobile Monitor," published Tuesday by Arcep, the regulatory authority for electronic communications and postal services. With a penetration rate of 95.8%, the number of mobile packages has increased by 4.6% in one year. In Corsica, Ile-de-France and PACA region, the penetration rate exceeding even 100%. "Even if the growth slows, the French market continues to grow. This is not the case in other European countries, "says a spokesman Arcep.
Over 70% of the park consists of packages in the form of subscriptions, an increase of 8.9% over one year. The number of prepaid cards was down 4.8% to 17.8 million units.In this, France is a new European exception: the hexagon has the largest fleet of subscription packages, when in Italy, while the market is controlled by pre-paid cards. However, a subscription is worth 40 to 45 euros per month, against 15 euros for a prepaid card.
134.5 SMS per month
Telcos have also scored points with their unlimited SMS packages: in June, 24.2 billion SMS messages were sent, a jump of 65.3% in one year. On average, a customer sends text messages per month and 134.5.
Another factor of growth: the development of key 3G, which can connect to the Internet via the mobile network. About 2.4 million cards in circulation SIM Internet, up 64% compared to 2009.Added to this are two million SIM cards machine to machine (M2M), for connecting standard appliances such as ATMs, the Internet. "The data and M2M are two segments of growth for operators," says Arcep. Àcondition change business model: the rise of mobile Internet traffic, the bandwidth costs explode, forcing operators to upgrade their data rates. They were previously rather low, while the operators were taking advantage of higher rates on voice.
Finally, the market share of virtual operators (MVNO) continues to grow. It reached 6.2% over the period, against 5.17% in June 2009.
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It has become a classic. Since the agreement signed June 3, 2009, the scenario is repeated every quarter, when milk producers, and industrial cooperatives meet to try to fix the price at which the milk is first purchased. The situation has improved, however, prices have increased 10% compared to the average of 2009. Nothing worked, discrepancies persist.
"We have made great sacrifices in 2009, dairy farmers have lost nearly half their income, says Henry Brichart, president of the National Federation of Milk Producers (NPFL), the majority union, affiliated with the FNSEA bad Credit payday loans. Now that the markets and volumes are better, the industry will not fully pass this improvement. "
This is the most reassuring news announced by the U.S. authorities for more than two months. According to Coast Guard Admiral Thad Allen American to oversee cleanup operations in the Gulf of Mexico, BP should be able to contain 100% the gap in the well from which oil flows to by Monday. A new funnel, bigger than previous ones, is currently installed by the British oil.
This funnel, called "Top Hat Number 10", should recover up to 80,000 barrels of oil per day (12.7 million liters), against 25,000 now. The authorities are optimistic that based on their assessments, the well lost more than 60,000 barrels per day. The previous dome will be first removed. A large quantity of oil escape so well for 48 hours.But once the new funnel posed, the results will be immediate, promises Thad Allen.
Since April 20, the day of the explosion of the Deepwater Horizon platform off the coast of Louisiana, BP has increased its attempts to clogging, all unsuccessful.
No stop before August
BP was more cautious in its forecasts. Bob Dudley, responsible for managing the disaster, spoke of another scenario where difficulties in installing the new funnel could delay the time from Monday to Thursday.
But authorities are confident: "We have the climate we need," said Thad Allen. The admiral, however, required to calm the enthusiasm that followed the announcement. "I used the word 'contain' and not 'stop'," he commented. According to him, the well would not be closed as well as two-pass will not be completed.These wells, dug deep to inject cement and mud, should not be installed until mid-August. Once the leak stopped, the extensive cleaning and restoration of the ratings will continue.
Anadarko does not pay
On this last point, BP was again struck Friday denied Anadarko Petroleum. The company, which owns 25% of wells responsible for the spill, said she would not pay the $ 272 million that BP is asking her to cover their share of cleanup costs, according to U.S. law known pollution.
On June 18, the tension was raised a notch between the two partners lorsqu'Anadarko stated that the explosion of April 20 on the platform Deepwater Horizon, "was preventable and was a direct result of decisions and actions BP unthinking.
In another e-mail sent Friday, a spokesman for Anadarko, John Christiansen, however, felt that his group remained "committed to working in good faith with BP to reach a satisfactory resolution."
BP is now awaiting the response of Mitsui, which owns 10% of the wells. The British oil giant is claiming $ 112 million for cleanup costs. The company has not yet made its position.
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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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Some creditors of Lehman Brothers International Europe could be reimbursed for money they are owed more quickly than expected. PricewaterhouseCoopers (PwC), the firm responsible for the liquidation of the defunct bank, has announced on Wednesday he would propose a "consensus approach" to the creditors 'ordinary', that is to say those who do not receive any priority. This approach would allow administrators PwC to assess themselves the debts of Lehman Brothers Europe instead of letting each of the 6,500 creditors of the bank with it according the approach known as "bilateral."
This method would pay most creditors in 2011 instead of 2013 at the earliest if each application was treated separately.But Steve Pearson, a partner at PwC and co-director of Lehman Brothers Europe quoted by the Financial Times on Wednesday said that in return, most creditors will expect reimbursement below their expectations.
A novel approach
Steve Pearson stressed that the consensus approach is a first, necessitated by the complex situation of Lehman Brothers Europe overnight pay day loans. It will save "a lot of time and money to both creditors and to Lehman Brothers International Europe. "What we wanted to do was something ambitious to make their money from creditors who need it," he said in the Wall Street Journal.
The sudden bankruptcy of Lehman Brothers September 15, 2008 has trapped some 6,500 creditors, mostly banks and insurance companies.Some estimate that the total amount owed by the bank amount to 22 billion dollars (about 17.9 billion euros). Aware that his proposal would probably not win the votes of creditors of the bank, Steve Pearson said that the consensus approach would be adopted only if 90% of unsecured creditors gave their consent.
In addition, the Financial Times reveals that Ernst & Young is under investigation in the United Kingdom on the audit that the firm conducted at Lehman Brothers before its bankruptcy. Ernst & Young has announced that it was cooperating and he reaffirmed that "the balance sheets of Lehman this year were relatively consistent with accounting standards.
Washington wants to reduce public expenditure
Barack Obama on Tuesday gave members of his Cabinet until Sept. 13 so they identify reductions of 5% of funds in their agencies and departments. That extra effort the White House to reduce spending in response to American concerns before the expected surge in debt to Uncle Sam more than 100% of GDP in 2012. However, the actual impact of this initiative looks marginal. It will only result in recommendations to Congress may be accepted for fiscal year 2012, not before. In addition, over 60% of federal spending by definition beyond these potential restrictions. These expenses called "automatic" which include debt service, expenses of the pension plan and those of public health systems.
In February, Bush has already requested a freeze for three years (after inflation) of many public spending "not automatic". But the categories have been added untouchable military spending, those relating to civilian security and international aid. But the Pentagon budget alone is $ 700 billion, or half of total discretionary spending. Moreover, the Congress, including Republicans, routinely refuses the few savings proposed by the White House in weapons programs. In point lead Barack Obama now threatening to veto the budget law drafted for the Pentagon by Congress.
Moscow is 20% of staff within
The ad has a taste for rigor, but it is not formally rigorous.Russian President Dmitry Medvedev on Tuesday ordered his administration to make proposals to reduce by 20% the number of officials in the country. "It is obviously, a far too severe, which can not be made mechanically or on the basis of purely financial criteria. We are talking about the fate of people, "said the head of the Kremlin, which gave no further details. Already last week, during a cabinet meeting, Finance Minister Alexei Kudrin had discussed such a proposal would lead to the elimination of 120,000 jobs and would save 43 billion rubles (1.13 billion ' euros). In contrast, half of this allocation would serve to increase the salaries of other cadres of the public.Despite the beginnings of the European crisis that could hit Russia, the government continues to boast its program of social spending that benefits particularly to retirees. In the past, such cost-saving measures have already been proposed, without being acted upon.
Germany on the wagon
Monday is a detailed history of savings – 80 billion euros by 2014 – announced by German Chancellor Angela Merkel. In order of priority expenditures of the federal government. Number of allocations will be scaled down and almost 15,000 jobs disappear in the civil service by 2014.The removal of 40,000 soldiers in the Bundeswehr is also under consideration.
New sections in Hungary
After his rescue in late 2008 by the IMF, the World Bank and the European Union, Hungary had announced an initial dose of austerity with a wage freeze for two years in the public and the removal of the 13th month for pensioners. Prime Minister Viktor Orban on Tuesday a detailed budget which provides, in addition to creating a financial tax, further cuts in public spending to the tune of 425 million euros. The revenue cap leaders and the public is considered a strict examination of spending to purchase a car or phone service.
Elsewhere in Europe
It is not good to be official now in Europe.Down 5-15% of wages in Ireland, abolition of 13th and 14th month and down 7% in Greece pensions, freeze wages and non-replacement of a staff of two in Portugal, wage freeze in Italy, Spain, hiring freeze in Great Britain … Besides the cuts in operating expenses that are spreading.
Nikkei were down 1.72% at 10,910 points, Hang Seng down 1.58% at 21,519 points, Singapore Strait Times, 1.45%, to 2963 points, and & P / ASX austrialien, 1, 34% to 4918 points … The major stock market indices of the Asian region skid, while the SEC, the U.S. stock market authority, says the bank Goldman Sachs for fraud related to subprime. A procedure that opens others, spreading the shock wave wiped throughout the weekend by the news.Other banks, like UBS, Deutsche Bank and Merrill Lynch, could also be investigated by the SEC, the Wall Street Journal.
In addition, expectations of rising interest rates in several countries in the area, where inflation is threatening more and more, reduce appetite for risk that investors had recovered in recent weeks, analysts of HSBC.
Oil retreats always
Crude prices were down sharply Monday in electronic trading in Asia, continuing their decline last week, dealers said.
In morning trading, a barrel of light sweet crude for May delivery fell by 1.49 dollars to 81.75 dollars while Brent North Sea with identical maturity, yielded $ 1.11 to 84 $ 88.
On Friday, oil prices had fallen back sharply in New York, a barrel of benchmark dropping more than two dollars in closing an index of consumer confidence in the U.S. amid disappointing and marked increase in U.S. currency.
The China National Petroleum Corporation (CNPC) has signed an agreement with Caracas to support the extraction of oil for 25 years in the region of the Orinoco Belt, Venezuela. Cost of operation: 20 billion dollars.The oil production at the site would represent 2.9 billion barrels, according to the Chinese company.
Toyota will pay
Japanese carmaker Toyota (-2.16% to 3,615 yen) will pay a record fine of 16.375 million (12.2 million) dollars imposed by U.S. authorities for several months in hiding for his problems accelerator, officials said Sunday night from government sources.
"By paying the entire civil penalty, Toyota accepts responsibility for hiding the safety issue of road safety agency, in violation of the law," said a senior U.S. Department of Transportation.
The Japanese automaker has also recalled some 870,000 Sienna minivans type in North America last Friday.
Pension reform and reduction of tax loopholes: these two subjects, the heart of the government program, may well overlap. To fund the pensions, Eric Woerth, Minister of Labour, said on Monday opened "a few additional contributions. This should involve some capital income – an area teeming with tax exemptions. But the review of tax and social niches, as Paris has pledged to implement vis-?-vis Brussels can hardly ignore the many measures that benefit retirees empire payday loans. If one puts aside the niches considered creating jobs (employees at home …) or too symbolic to be touched by the current government (VAT restoration), these devices "retirees" are indeed among the most expensive for public finances.
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The key index in Japan climbed this morning from 1% to 11,200 points while circles around 6:45 am, covered not only by large manufacturers' confidence nipon – Tankan index – rose for the fourth straight month in March (his highest level in 18 months), and the warm welcome to the new-comer on the Tokyo Stock Exchange: Dai-Ichi.
The Action Group Life Insurance, Dai-Ichi Life surged 14.29% from its initial price Thursday in Tokyo on his first day of trading, a short meeting for the title, because the size exceptional operation.This IPO is the operation most of the world for two years.
The Nikkei 225 wins on Thursday and a record not achieved since October 2, 2008, two years ago.
Green throughout the area
Elsewhere in the Asia-Pacific green is also honored, including the Hang Seng in Hong Kong, which amounted to 21,439 points (0.94%), the S & P / ASX Australian rises from 0, 29%, 4 payday loan no faxing.889 points, while the trade deficit widened to 1.92 billion Australian dollars (AUD) in February.
The Singapore Straits Times broke the 2900 points to 2921 points exactly, an increase of 1.2%.
In Shanghai, even optimism, with a CSI 300 Index which accounts for 1.1% to 3382 points.Bank of China will invest up to 6 billion yuan (about 650 million euros) in the company in charge of the draft high-speed line between Beijing and Shanghai.
Thus, the destruction of jobs in the U.S. private sector, which ended a series of five consecutive sessions of gains on Wall Street Wednesday, have not impacted the Asian stock markets on Thursday.
In morning trading, a barrel of light sweet crude for May delivery yielded 43 cents to 83.33 U.S. dollars while Brent North Sea due to the same, losing 39 cents to 82.31 dollars.
