International News

• "Fear is back"

President Nicolas Sarkozy said Thursday in Toulon that "fear has returned," that "for France to lose control of his destiny" in the crisis of the euro area. The Head of State spoke of "this fear that destroys trust" and "that paralyzes consumers, which prevents the investor to invest, the contractor undertaking the boss to hire the banker to lend" , ensuring that "the only way of averting this fear is to tell the truth."

• A cycle of debt

Nicolas Sarkozy announced a "new cycle", that of "deleveraging, which will bring the balance of the economy to work and production that developed countries have tended to sacrifice too."

The availing process of payday loans no faxing is very simple and convenient as compared to other regular loans.

Card for Teens, Young booklet, ready to license one euro a day, student savings, credit card and battery removal on the Internet for children of 12 years, life insurance Special darlings …. Having invested heavily to the youth market, banks raise one last taboo by attacking 6-10 years.

It's Societe Generale, which sets the tone by launching the first website dedicated to financial education for children. A large reinforcements of advertising campaigns, which involved Gourmaud Jamy, is television youth with his "It's not rocket science" on France 3, the banking group has the smallest raise money, investors and underwriters in the making of contracts ."Because tomorrow is getting ready today," argues there be building on this "living tool that will grow with the children."

Informational and edutainment, abcbanque.fr offers editorial content, interactive videos, games for the value of things and a management tool pocket money. With a username and a password, the child can manage their virtual piggy bank and establish its projects from its budget, as calculated the cost of a gift for his parents.

"Succeeding in later life financial"

"Birthday, Christmas, little mouse … even for the smallest, there are many opportunities to fill their piggy banks.

Financial markets remain grounded arms vis-à-vis Italy. The announcement of the imminent resignation of Silvio Berlusconi yesterday was greeted with great relief on all European markets. It allows to hope for the establishment of a government more able to put public finances in Italy.

Analysts saw in recent weeks that the Italian bond market suffered from a premium of distrust Berlusconi estimated at 100 basis points (1 percentage point) on the rates of government bonds to 10 years. Not surprisingly, the announcement of his impending departure should have been welcomed by a substantial amount of rates.

The draft budget for 2012 Social Security will be voted on Wednesday by the House, before leaving the Senate. But a detailed examination of the text was to end Friday night. The Assembly amended several key points … until they know the consequences of the revision to 1% of projected growth. Lack of knowledge, "the dice are loaded," protested the Socialist Marisol Touraine. The rapporteur of the text, Yves Bur (UMP), was estimated at 1.5 billion shortfall, the government does not confirm.

Half a solution for excess fees

MEPs adopted an amendment to try to remedy the excess fees excessive. They left until the end of January to physicians, the social security and complementary health for themselves conclude this endless soap opera.

These doctors are the "fall guy," said Yves Bur UMP. Xavier Bertrand has promised, without further detail, to consider their case, "that they are not satisfied with a handshake." The Minister of Health has recognized, with several members of the left and right, that the real problem was the insufficient appreciation rates Safely surgeons for years low fee cash advance. But open the sector a future system would have displeased the French Mutuality and part of the majority. The Bloc, the majority among specialists involved, says it is ready to discuss, exchange, regulation of excess fees in sector 2.

Abandonment of the CSG on parental leave

The idea was unanimously against it: the government has decided not to submit to a CSG 6.2% of compensation paid in case of parental leave.And are defrauded to the detriment of social organizations will be excluded from debt cancellation plans in case of insolvency.

Cooling-off period on sick leave benefits

The government had reduced by 6% allowances of sick leave, saving 220 million. Outcry, including the right, Yves Bur proposed an alternative: a fourth day waiting period before paying those benefits. It would cost to low-wage "twenty euros, once a stop, instead of 30 or 40 euros a month," he said. People in long illness would be less penalized, unlike those that increase stops short. Xavier Bertrand has promised to think about before the final vote of the text.

The CGT said it was "scandalous" the vote Wednesday night in committee in the Assembly, a provision to relax the modulation of working in a company … following an agreement with the unions. "An employer may require the employee to work 48 hours one week and 10 hours the following week without it being able to challenge" the critical and central Montreuil.

The Ministry of Labour – that supports this section of the bill of UMP Jean-Luc Warsmann on the simplification of the law – has meanwhile another interpretation. "A decision of the Supreme Court provided that a modulation of working time resulting from an agreement with the unions needed to be implemented, the authorization of each employee, reported a near Xavier Bertrand.With this arrangement, such a collective agreement shall not affect the employment contract and may be applied without risk of blocking. "

At the CFDT, the bell sound is different. If the union does not have a problem on the philosophy of the article, it criticizes the wording and lack of precision. "The fact that a collective agreement on the organization of work does not change the contract of employment is rather in the right direction because it legitimizes the agreements with the unions, says Marcel Grignard, the Secretary-General fast payday loan no faxing. Would have had the law specifies the amplitude modulation acceptable.Acter even by collective agreement, a passage of 35 hours to 38 hours a week on the other has a different impact on the lives of employees that decide to make them work at night or the weekend. "

Night work is not affected

Argument dismissed out of hand by the government for that night work or Sunday is the subject of specific provisions in the Labour Code and is therefore outside the scope of the law Warsmann.

For the CFDT, the problem of this law to be voted on first reading Tuesday by deputies, is elsewhere. "It's a catch-all text contains hundreds of articles, and unions have been consulted on those relating to labor law, while many others have an impact on the lives of the employees' discontent Marcel Grignard.The parliamentarians have in fact since 2009 the requirement to seek their views on unions before any bill affecting only the Labour Code. But not on other areas of law.

The Paris Stock Exchange began the week in the red, as at the close Friday. The CAC 40 plunges 2.28% to 2 914.30 points in mid-session. The debt crisis continues because of European concern the markets, and lead the outlook for global growth. The fear of lead and impact in China Asian stock markets are in the red Monday morning, dropping the Hong Kong Stock Exchange by almost 5%.

Elsewhere in Europe, falling 2.03% London, Frankfurt and Madrid 2.54% 2.34% 1.75% and Milan.

Greece announced Sunday night that it would lack its budget deficit targets. The second Country Assistance Plan will be on the menu for more discussion this week: Monday, finance ministers of the euro area will meet in Luxembourg to 17 pm and Tuesday, those of the entire European Union.This will then be the turn of the Franco-German Nicolas Sarkozy said he expected to meet German Chancellor Angela Merkel "in the coming days in Germany" to discuss in particular "ways and means to accelerate economic integration the euro area ".

The private sector activity in the euro area at its lowest for 25 months

Also note, the new car registrations in France are divided down in September after the brief respite in August, returning to the trend observed since the disappearance of the scrapping, according to figures released Monday.They were down 1.4% unadjusted and 1.4% also comparable number of working days from September 2010 to 167,600 units, according to the Committee of French Automobile Manufacturers (CCFA).

The private sector activity contracted in September in the euro area, the PMI purchasing managers' standing at 48.5 points against 50.7 in August, according to a second estimate released Monday. This is the index the lowest in 25 months, Markit said the company, which publishes the index.

In this context, oil prices have opened lower. A barrel of "light sweet crude" for November delivery lost 50 cents to 78.70 dollars in early electronic trading.A barrel of Brent North Sea crude for November delivery gave up 77 cents to 101.99 dollars.

As for currencies, the euro lost ground and is worth 1.3315 dollars and 102.6 yen, against more than 104 yen in the middle of last week.

Dexia degraded by Moody's

The title of the Franco-Belgian bank collapsed Monday in the Paris Stock Exchange, after rating agency Moody's Investors Service had threatened to lower its rating, because of fears about its liquidity personal loan for poor credit. In early trading, the value lost 11.54% to 1.28 euro, after being briefly suspended for dropping too fast to open.Halfway through it limited its losses slightly receding 8.78% to 1.32 euros.

In the wake of Dexia, BNP Paribas let go just under 6% in mid-session, Credit Agricole and Societe Generale 4.9% near 6.5%.

AXA (-4.14% to 9.49 euros)

The first offers for Axa Privaty Equity (AXA PE), the division of equity sold by Axa, must be filed early next week, according to sources familiar with the matter.

Renault (-2.67% to 24.40 euros)

The group announced Saturday the construction of a new plant in Brazil and the expansion of another existing site to boost its presence in the fourth global automotive market.

France Telecom (-2.24% to 12.02 euros)

European Commissioner Neelie Kroes digital strategy is expected to announce on Monday that the EU wants to reduce the revenue that incumbents derive copper telecommunications networks to boost investment in fiber optics.

Air France-KLM (-3.28% to 5.36 euros)

Alexander Juniac could take the management of Air France in January in favor of a reorganization of the Air France KLM with Pierre-Henri Gourgeon retain the reins, according to La Tribune published on Monday.

Steria (-3.96% to 12.14 euros)

The computer services company was awarded a public contract with the French Ministry of Budget, Public Accounts, the Civil Service and State Reform, to ensure the implementation of the Information System (HRIS) to several departments that will ultimately pay more than 3 million employees of state.

Hermes (-4.23% to 216.30 euros)

The group currently finds no sign of spending restraint to its customers despite a darkening economic outlook, said Sunday the manager of the French luxury group on the fringes of Paris Fashion Week.

Carmat (18.20% to 102.82 euros)

The designer of the total artificial heart on Monday announced that preclinical data will be presented at the 25th Annual Congress of the European Association for Cardiothoracic Surgery in Lisbon on October 4.

The entrance to the rugby in the professional world is not always without its pitfalls, far away … Proof of this is the last statement from Steve Tew, the CEO of the Federation of New Zealand rugby. Wednesday, the leader has put his foot in it by suggesting that his selection would be deprived of the next World Cup in 2015 in England. A heresy in the land of rugby!

Bluff or not, this threat reveals the uneasiness of the Federation kiwi affected financially by the organization of the current World Cup. Certainly, the event is almost historic land of the long white cloud. But the financial benefits expected from this great mass of world rugby is limited. In the end, New Zealand will lose even money (about 39 million New Zealand dollars, or 22.33 million euros).The New Zealand government will pay part of the losses, but the federation itself will also put their hands in the pocket to the tune of two thirds of the money lost.

Shortfall of 7.5 million euros

However, these losses are organizing a one-time difficulties. Because the real malaise lies elsewhere. Steve Tew, it's participation in the competition itself that is the problem. Every 4 years, federations qualified in the northern hemisphere and the south need to change their schedule (suppression test matches, shortening the Tri Nations tournament …). What cause a shortfall in terms of result and television advertising revenue and ticket sales. This year's Tri-Nations tournament, in which compete each year in New Zealand, Australia and South Africa, for example, was reduced from nine to six games due to World Cup.In Europe, the fall tours were also canceled.

In a World trade rules of the International Rugby Board (IRB) also prohibit the presence of the sponsors of the national federations. This accentuates the downward pressure on commercial benefits. In the end, the Federation of New Zealand (NZRU) said the shortfall related to participation in a 13 million New Zealand dollars (7.5 million). Great on a budget of around 55 million euros. A price she can afford all four years, according to Steve Tew.

If they win the All-Blacks, the players would receive such a bonus of 55,000 euros, depending on the site sportune.fr. Barely more than the French players to touch the earth just move in New Zealand (45,000 euros).If they win the XV of France, the French would also reward of 180,000 euros extra.

Australia to support

In his threat to boycott, leaders of New Zealand have received support from their neighbor Australia. For its part, the Australian Federation (ARU) said the losses associated with participation in the World Cup to 16 million Australian dollars (about 11.5 million euros). All federations combined, the overall shortfall would reach between 35 and 40 million pounds (40 to 16 million euros). "As noted by Steve Tew, the current economic model is unacceptable and can not be encouraged," said the general manager of the ARU, John O'Neill.We ask the IRB to resolve the problem quickly, because as a national federation, the ARU can not afford to have huge losses every four years. "

For many, the threat of New Zealand is not serious, its national team can not really do without the visibility provided by the participation in the World Cup. But the argument did fly, the IRB had promised the opening of discussions after the World Cup to avoid a radical decision.

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After still closed higher Thursday evening, the U.S. stock markets remain on their momentum on Friday. In early trade, the Dow gained 0.44% to 11.484 points, the Nasdaq is 0.37% to 2617 points and the S & P 500 climbed 0.53% to 1216 points.

Investors are focused on reassuring news from Europe, as the announcement of a new agreement between central banks to provide dollar liquidity to European banks and Japanese. "This program already exists, say the analysts at Aurel BGC. The ECB offered this week, two European banks to dollar liquidity in 7 days "

Suddenly, the "four witches" today is to say the expiration of four types of futures contracts on indices and stocks, "will be addressed, according to Aurel BGC in a more serene.Recent events have reassured investors and market expectations about European officials said after the meeting of the Ecofin support actions ".

U.S. consumer debt and European

At the macroeconomic agenda of the day, the index of consumer sentiment for the month of September is expected this afternoon, 12:00 to 3:55 p.m.. But such macroeconomic indicators may well be once again overshadowed by political events related to the debt crisis and European banks.

Indeed, this Friday as European finance ministers and the U.S. Treasury Secretary Timothy Geithner, this exceptional, try to resolve their differences at a meeting of high voltage in Poland payday loan. This is to complete a second plan of aid to Greece, imperative to save the country and the euro area, whose failing health is in turmoil the entire planet.Timothy Geithner has already openly believed that Europeans should inject more funds to avoid a major crisis.

RIM collapses

On the corporate side, Research in Motion (-21.77% to 23.11 dollars), the maker of BlackBerry smartphones, collapsed after publishing quarterly results fell sharply, well below analysts' forecasts.

The rating agency Moody's said Thursday it placed under surveillance notes of the bank UBS (3.42% to 11.80 dollars) with for a potential degradation due to "weaknesses in risk management the group. "

At the heart of the news, Google (0.24% to 543.59 dollars) has purchased additional patents in 1023 the computer company IBM (0.68% to 171.38 dollars) to strengthen its portfolio and to attempt trial to deter intellectual property infringement.Google expects the other hand that the number of Internet users in India to be tripled in three years through improved access to wireless internet and at prices more affordable smartphone, reported on Friday Wall Street Journal.

Boeing (1.59% to 65.34 dollars) could finally respond to the order by Air France-KLM of 110 long-haul aircraft, including 50 firm orders, builders Boeing and European Airbus to ensure the renewal of its fleet.

Having started a rebound on Tuesday, Asian stock markets appear again in the red, concerned the debt crisis in Europe. At the close, the Nikkei declined 1.14% and so on 8518.57 points, against the current Wall Street has ended the session little higher on Tuesday. Markets are awaiting a decision by Beijing to buy-or-no Italian sovereign debt, "China will continue to increase its investments in Europe," said Premier Wen Jiabao, at the opening of the "Summer Forum" Davos in Dalian (north-east) on Wednesday.But he is hopeful that the leaders of major European countries consider their relationship with courage to China a strategic point of view. "

Another new fueling hopes of a crisis: the five emerging BRIC (Brazil, Russia, India, China, South Africa) should discuss next week the opportunity to help the European Union by increasing their holdings of bonds denominated in euros.

Growth outlook gloomy

On the macroeconomic front, the growth of emerging economies in Asia will be less pronounced than assumed in 2011 and 2012 as a result of a decline in exports to the United States and Europe and high inflation, said on Wednesday a report by the Asian Development Bank.Thus, economic growth in Asia (excluding Australia, New Zealand and Japan) should come out to 7.5% in 2011 and 2012, respectively, against 7.8% and 7.7% estimated in April. As for values, values ​​Japanese exports remain under pressure. Canon Inc. falling 3.64% to 3,310 yen and TDK Corp. of 2.28% to 2828 yen.

Other Asian stock markets follow the downward trend of the Nikkei: The Kospi index in Seoul falling 2.95% to 1759.46 points, the S & P / ASX 200 in Sydney down 1.21% at 4023.50 points, the Hang Seng Index of Hong Kong 1.34% to 18,775.39 loose points, and the CSI 200 Index of Shanghai down 0.67% to 2702.08 points and the FTSE Singapore Straits Times Index down 0.26% at 2722 , 20 points. Only the BSE Sensex 30 Bombay rose 0.24% to 16,506 points.

On the foreign exchange market, the euro was down at 1.36 dollars (-0.30%).Oil prices were also down Wednesday in Asia, markets still worried about the debt crisis in the eurozone and a possible bankruptcy of Greece, analysts said. In early electronic trading, a barrel of "light sweet crude" for delivery in October lost 71 cents to 89.50 dollars per barrel of Brent North Sea crude for October delivery 9 cents to 111.80 dollars. "With the danger hovering over the Greek market, prices are highly volatile, very nervous," said Nick Trevethan, commodities analyst at ANZ Research in Singapore.