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.

However, the rebound is more pronounced for the other Asian indices: the Nikkei 225 gained 0.90% to 8903.90 points. Sales of new vehicles rose by 46.7% in August year on year to 290,789 copies, according to figures from the Japan Automobile Dealers Association.

Moreover, Taiwan rose 0.51% to 7655 points, the Bank of Korea is strong revival, from 1.24% to 3709.66 points, the Bombay Stock Exchange was up 0.75% to 18,106 , 69 points, as from Singapore to 2972.17 points.

The Sydney Stock Exchange boosted by growth in Australia

But the largest increase is to the credit of the Australian Stock Exchange: 1.93% to 4489.10 points. The Australian economy grew by 1.2% in the second quarter 2010, or 3.3% over the last twelve months, according to figures released by the Bureau of Statistics. These figures are well above forecasts of analysts who had forecast a gross domestic product growth of 0.9% in the quarter ended in June and 2.8% in one year.

The yen slows its progression

On the currency markets, the euro is rising again against the yen (0.56% to 107.19 yen). Just as the dollar gained 0.32% to 84.36 yen.Suddenly, the export values evolve in an uncoordinated Honda earns 0.5% to 2793 yen and Canon rose 0.73% to 3450 yen, but Toyota lost 0.66% to 2841 yen and Sony dropped by 0.12% at 2365 yen.

Crude prices were up Wednesday in electronic trading in Asia, due to bargain hunting after losses the previous two days, dealers said.

In morning trading, a barrel of light sweet crude for October delivery gained 18 cents to 72.10 dollars, while that of Brent North Sea crude for October delivery took 17 cents to 74.81 dollars.

"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.

But the owner of the eponymous group Bollor? defends himself by pointing out that he "knew nothing about the origin of transport, while the company he runs a business includes" Transport and Logistics, which accounts for more than 60% of turnover."I do not see anything that would prevent me to learn" the business of insurance, he said.

In any case, his ignorance on the subject does not stop to think that Generali "did not need money ', thus precluding any need to raise capital, as recommended Antoine Bernheim, the" friend of Bollor? family for over fifty years. "

Cesare Geronzi in continuity

Cesare Geronzi, head of Mediobanca, which is the major shareholder Generali which Bollore holds 5% stake, was unanimously chosen to be the new President, if all goes as planned at the meeting General Meeting of April 24. Bollore seeks will be the president.

Antoine Bernheim has tried to respond, so that no one offered him honorary president without at the board of directors. The latter believes that his age was a pretext for his ouster.He does not hesitate to criticize those who will head the group he led between 1995 and 1999 and since 2002, "Mr. Geronzi is not an insurer and he always said he did not want this post ", he said a few days ago.

For his part, Vincent Bollore – the boss of Havas – tells Echos that he thinks the new president "will continue" the development of Generali, which has "crossed the crisis period with the best results, congratulating the Antoine Bernheim passage for his record "excellent".

Bollore will become a shareholder of Generali

Entering at Generali, which is the third European insurer, Bollore intends to prove his "confidence" and "interest" for the group, including the purchase of shares Generali.This would appease the existing shareholders of the group that challenged that Vincent Bollore does not himself.

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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.

"With this measure, the state subsidizes big businesses that do not need. 22 billion in three years, it's insane! "Protests Jerome Cahuzac, President of PS Financial Committee of the Assembly took up arms launched by his predecessor, Didier Migaud cons niche Cope.In fact, as revealed by the magazine Marianne, Danone has saved in 2008 500 million corporate tax (IS) on disposal of Danone Biscuit conducted in 2007 (IS being paid one-year lag) . For Suez, the time still married to GDF, the rebate was $ 800 million. Other big winners: LBO funds (leveraged management buy-out), companies that buy and resell a few years later.

Still, this reasoning boosted Philippe Marini, the UMP rapporteur of the Finance Committee of the Senate and growing end of 2004, the amendment creating the niche Cope: "The debate on the shortfall is nonsense. If capital gains were taxed in France, transfer operations would be from Belgium or the Netherlands, through holding companies located there.Or even sales would not do at all! The French State would recover nothing in taxes. "An argument given in Bercy where it does not reach this niche. In fact, in the OECD, 21 out of 29 countries practice the exemption of capital gains payday loan. "And it is very easy for a French company to create a holding company elsewhere in Europe," the entourage of Christine Lagarde, Minister of Economy.

That's exactly what happened in the early 2000s, when France was one of the few countries to tax the capital gains. "Many French companies have established overseas holding companies which carried the titles of their various subsidiaries. Thus, they could sell securities without paying taxes, "said Jean-Yves Mercier, partner at law firm CMS Bureau Francis Lefebvre.And two reports, one from the Council tax burden (CPO, an offshoot of the Court of Accounts), had sounded the alarm. "A holding company relocated, the risk of losing ultimately a decision center," says Philippe Marini.

More holdings in France

The final report of the 2009 OAC welcomes the end of the French exception. And Bercy unsheathed his statistics: since the gains are exempt, believes the number of holdings in France (1 112 in 2007, 1 276 in 2009). On the side of the MEDEF, it was noted that while the economic fabric wins. "Today, companies must adapt, evolve their business heart, which can pass through acquisitions or disposals of subsidiaries.Fortunately, the French companies may, like their European counterparts, do not brake tax, "explained Marie-Christine Coisne Roquette, Chairman of the Committee on Taxation Medef and CEO of Sonepar.

Finally, the cost itself of the niche is overvalued. Because, by convention methodology, it is calculated by pretending that capital gains were taxed at 33.3% standard rate of tax. However, they were only 19%. The loss caused by the exemption rather turn around 12 billion over three years.

This is especially gradual return to the announcement of the Fed to keep "for a very long time" rates to very low levels, to continue to support economic recovery. However, after climbing from 1.23% Tuesday, the progression of CAC 40 slows, the Paris index advancing by 0.54% to 3960 points.The London Stock Exchange evolved also in the green mid-term review, the Footsie-100 index rising 0.52% to 5649 points while the Dax in Frankfurt Stock Exchange advanced 0.76% to 6016.5 points

Deficit: 14 countries of the EU under scrutiny

Investors keep an eye on the report published by the European Commission on evaluation of efforts to reduce deficit of fourteen countries of the European Union, including France, the United Kingdom, Germany and Spain. The Director General of the International Monetary Fund, Dominique Strauss-Kahn, should also deliver a speech to Parliament.

On the macroeconomic front, start-ups in France jumped 12.9% in February compared to January, with a record 57,748 new businesses created, "INSEE announced Wednesday.They were down 8% in January.

Across the Atlantic, are scheduled this afternoon, the producer price for the month of February and the weekly inventory of crude oil. Moreover, the Organization of Petroleum Exporting Countries is scheduled to meet Wednesday in Vienna.

Alcatel-Lucent plunges

Atos Origin (-3.05% to 36.36 euros): According to a report in Le Figaro, the group covets a giant electronic payments be for sale by Royal Bank of Scotland.Thierry Breton, CEO of Atos Origin has declined comment.

EADS (-0.92% to 14.50 euros): Nicolas Sarkozy and Angela Merkel expressed once again concerned about the conditions of the bidding for the tanker market in the Air Force American and urged the United States to resist protectionist temptations cash advance in one hour .

Other values down this Wednesday, is Alcatel-Lucent. The group has been a decline of recommendation by analysts at Goldman Sachs from "buy" to "neutral." The Alcatel-Lucent shares decline by 2.09% to 2.48 euros.

Bourbon honor

Mr Bricolage (5.15% to 14.10 euros) has announced an increase of 23.8% of its 2009 operating profit at 39,7 million with a turnover of 547.5 million (+6.2% ).Net income, group share, in contrast to declining 36.1% to 21.4 million, while fiscal 2008 incorporated a capital gain of 14 million.

Stallergenes (+1.93% at 58.20 euros) Tuesday reported an increase in its results, its dividend and its cash in 2009 and has said it expects an increase in its margins and its activity in 2010 with the lower costs of studies on the product Oralair desensitization.

JC Decaux (+0.84% at 19.70 euros): the rating agency Moody's raised its rating outlook to stable from negative cons before.

Publicis (+1.16% at 30.99 euros): Members of the Executive's advertising group gave up their bonuses for 2009.This decision relates to Maurice Levy, chairman of the group, and David Kenny, Jack Klues, Jean-Yves Naouri and Kevin Roberts.

Bourbon (+9.30% at 29.34 euros): the marine services group announced Wednesday a net profit of 155.4 million euros in respect of 2009, against 224.4 million in 2008. It is therefore a decrease of 30.8% in 2009.

After market, Ingenico (+0.35% at 17.36 euros), Dassault Aviation (-0.96% to 546 euros) and Hi-Media (-0.53% to 5.68 euros) will publish their annual results, and GFI Informatique (-0.34% to 2.90 euros) results for fourth quarter 2009.

But observers have in mind the case of U.S. tanker. The defense giant Northrop Grumman American announced that he would compete to win a contract for 35 billion dollars to provide 179 refueling aircraft to the U.S. Army. This is the first installment of a giant order of 500 aircraft for 100 billion dollars. Northrop said that the criteria of the tender favored Boeing, also nominated. Consequently, EADS, his partner had no choice but to throw in the towel.

The news caused an outcry in Europe.«(…) During the current crisis, the smallest signs of protectionism are harmful, "accused Br?derle Rainer, German Minister of Economy," even in the field of defense, free competition should not be hampered unilaterally. The Foreign Office warned that "France, with the European Commission and its European partners concerned will proceed to the consideration of this new development and its possible implications.

A complaint before the World Trade Organization (WTO) seems to be excluded because it is not competent defense. And it can not intervene following a sovereign decision taken by a private company, namely Northrop. Louis Welsh did not want polemics or insult the future: "I am not a politician but an industrialist. I am part of a fact.The U.S. market remains a priority for us. "He was careful not to comment on the decision of its American ally. Northrop could have filed an appeal before a federal judge because he had a strong case. He preferred to drop and de facto release EADS. For the Democrats who control Congress have pushed the message. We must leave the field open for Boeing needs this contract to stay in the field of military aviation. Boeing, whose headquarters are located in Chicago, a stronghold of President Obama. Northrop would have been assured of being able to catch up on other contracts. He could not alienate its biggest customer, the Pentagon, who can not stand to see its decisions appealed to the GAO, the U.S. equivalent of the Court of Auditors. This was the case in early 2008 when Boeing was denied victory by Northrop and EADS.And succeeded.

Result, the U.S. Army for ten years waiting for its new tanker. Today is back to square one with, as in 2001, only one bid. It is possible that again the Republicans react as they reject the absence of competition.

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The worldwide recall also covers tens of thousands of Lexus HS250h and SAI, whose sales will be discontinued in Japan until late February or early March.It also applies to a few tens of Prius PHV, which should be commercialized on a large scale in 2011, but already leased to Toyota by some companies and institutions on a trial basis.

This promises to reverse the more painful for Toyota, it has built its strategy around hybrid vehicles, equipped with a dual fuel engine and electricity, and presented as "environmentally friendly". This announcement follows the statement by the head of Toyota in the United States, Jim Lentz, who admitted Monday that the Japanese manufacturer had been aware of problems pedal accl?ration in 2007 but the case had not then been identif?e, thus denying that his group had hidden recurring problems.A Californian has even filed a lawsuit against Toyota, alleging that it had several problems with its brakes Prius.

Toyota shares gained nearly 4%

During a press conference on Tuesday morning – the second in just three days – the Toyota President Akio Toyoda, reiterated his determination to regain the trust of its customers and ensure that Toyota may "everything in its power" to that payday loans . "Let me convince you that we will redouble our commitment to quality, which is the heart of our society, under my direction," said Aiko Toyoda. The CEO said he would travel to the United States to explain about the reminders.

Aiko Toyoda also confirmed that Toyota will be able to immediately repair the defect on the Prius.However, the remedies are not yet ready for other models recalled, where the interruption of sales agreed in Japan. However, activity has resumed in North America, having been suspended. What Toyota does not deal with several lawsuits in partnership with the United States and Canada, from motorists who accuse it of concealing the existence of the defect of the pedal ' acceleration of their vehicles.

The Prius, whose first version dates from 1997, the hybrid car is the most sold worldwide, with about 1.5 million copies sold in late August 2009.It is central to the strategy of Toyota, whose goal is to sell more than one million hybrids worldwide each year.

At the Tokyo Stock Exchange, the share of Toyota rose about 2.89% to 3375 yen, investors saying it had fallen to a level undervalued.

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