International News

End of story. For several weeks, negotiations between the seven countries A400M customers and executives of EADS, parent company of Airbus, have punctuated the news. At yet another meeting, in Berlin, a "tentative agreement" was reached, provided the giant European aerospace in a statement.

Customers (Belgium, Britain, France, Germany, Luxembourg, Spain and Turkey) will pay 3.5 billion euros extra. What survival program, which accumulates nearly four years late and reaped 5.2 billion euros of additional costs.

Specifically, they shall have two billion more on the initial price of the contract and provide $ 1.5 billion in exchange for a share of future exports, according to EADS.The original contract must be amended in the "coming weeks".

In addition, it was agreed to accelerate payment of PDP between 2010 and 2014, but no timetable has yet been arrested.

The time for congratulations

EADS considers that this agreement provides a basis "healthy" for a successful evolution of the A400 program M.

The French Minister of Defense Hervé Morin was commended for his share "of the finalization of the negotiations. "This agreement completes the implementation of decisions taken by ministers at the meeting organized at the initiative of France in Le Castellet July 24, 2009, during which the nations have decided to continue this program emblematic of Europe defense, "he said.

In January, EADS said it planned to simply abandon the program, saying while threatening the sustainability of the group.

The Minister then assured that France would "do anything to save" the project. A few days before, the multipurpose aircraft designed to replace the Transall C-160, for example, 45.1 meters long and 14.7 meters high, can Tranporter troops and equipment, had made its third flight.

Profit warning

This agreement is obviously good news. But EADS will pay the piper in recent months. The group was informed on Friday that it will record an operating profit (EBIT) and net earnings were negative in 2009.In case the provision of 1.8 billion euros for the additional costs of A400 million, he announced today in a statement.

"The final figures will be disclosed during the announcement of full results of fiscal 2009 EADS March 9, 2010.

CM-CIC, which was released yesterday, Thursday, a "preview" (a score prediction results), banking on a net income of 60 million euros, while the Bloomberg consensus provided 21 million euros. But these figures do not include the provision because it was not known.

ALSO READ:

"Welsh optimistic about funding for the A400M

"A400M: Germany refuses to fund more than expected

At 400M: the plural of Airbus aircraft

"Airbus shared the joy of the record and anxiety

"The French aerospace cares for the Airbus A400M

The AMF (AMF) is finally reached. In a work that appears on Thursday, entitled "Natixis: investigation of a bankrupt state" (Editions First Editions), Matthew Pechberty, economic journalist of The Tribune reveals that the former leaders of Natixis, Charles Milhaud and Dominique Ferrero respectively Chief Executive and Managing Director of Natixis at the time, had provided false information regarding the losses incurred by the subsidiary of Banques Populaires and Caisse d'Epargne (BPCE) in October 2008.

Thus, November 12, 2008, The Tribune published an article claiming that the French bank lost 975 million euros during the month of October 2008. The next day, Natixis publish a press release reporting a loss of 500 million euros.After two attempts that were inconclusive for lack of evidence, the MFA works on a third survey that revealed in the fall of 2009, that former leaders of Natixis lied, without confirming the figure released by the Tribune. Thereafter the policeman of the Stock Exchange sent a notification of grievance Natixis which he accuses of having issued false information to financial markets. Currently, the MFA has refused any comment.

Jouyet want to prove that he has turned the page "EADS"

The fate of former leaders of Natixis is now in the hands of the Enforcement Committee, which has still not taken any decision on it. According to the author of the book, the final decision could be announced in the month of March payday loans no teletrack .This committee consists of twelve members: two state councilors appointed by the Vice-President of the State Council, two advisers to the Supreme Court designated by the first President of the Court of Cassation, six members appointed by the Minister Economy, and two employee representatives designated by the Minister of Economy.

In the meantime, this decision should celebrate the Adam (Association for the Defense of Minority Shareholders), and Déminor. Last March, the Adam chaired by Colette Neuville has indeed brought a criminal complaint against Natixis for "misleading", "false balance" and "fictitious dividends. In January, it was the turn of Déminor, firm specializes in advising shareholders, headed by Fabrice Remon, a complaint, but a civil rather than criminal.One option that could help stop the proceedings at any time to negotiate amicably with Natixis and compensate shareholders.

Although close to François Perol BPCE current boss, is to think that Jean-Pierre Jouyet, chairman of the AMF, has at heart to carry out this procedure, to avoid the Paris to undergo another blow, we know it still marked by the action taken on the matter EADS.

The two former leaders of Natixis, Charles Milhaud and Dominique Ferrero, risk a financial penalty of up to 10 million euros.

ALSO READ:

"Natixis: Questions about a new rescue

European consumers should avoid this year's gas war, which traditionally opposes Russia to Ukraine. However, last week, the European Union monitors to close another front – this time oil – which is taken to Moscow and its close neighbor, Belarus.

It is populated by the republic of 10 million inhabitants, formerly subservient to the Soviet government, which handles a significant part of Russian oil destined for Europe. Now, Moscow intends to Minsk taxing exports of black gold, which should account for this small country a net loss of about 1.8 billion euros. In tough negotiations are taking place in the Russian capital, with the fear still present, the Russian government abruptly interrupted deliveries of oil.

Flowing through the Druzhba pipeline, the oil supplies to refineries in the Czech Republic, Slovakia, Hungary and Lithuania. Further downstream, 15% of oil consumed in Germany goes through this famous pipe, a proportion which reaches 75 in Poland! "We remain very attentive to the changing situation, said Thursday the spokesperson of European Commissioner for Energy, Andries Piebalgs. Brussels has negotiated with Moscow the introduction of an early warning system, designed to prevent energy crises.

"Bringing the country in the right way"

As usual in energy, trade dispute that combines economic and political considerations. Moscow wants to change the preferential treatment that allows today to Belarus, as a former Soviet republic, to pay no duty on the oil it imports from Russia.

The unspoken goal of the Russian government is to "bring in the right way" Belarussian President Alexander Lukashenko, who is attempting a rapprochement with the EU. Oil, which constitutes 37% of Belarusian exports, is easy ammunition. Meanwhile, Moscow and Minsk – allies in Astana, the capital of Kazakhstan – three negotiating the creation of a customs union, hardly compatible with the flirtation European Belarus. Between the Russian oil and Brussels, Alexander Lukashenko will probably choose.

ALSO READ

"Putin, the prime mover gas in Europe

"Russian-Ukrainian agreement on oil transit

The Paris Bourse started the week higher, recovering some lost ground over the last two sessions last week (-1.16% to close Thursday and Friday -0.95%). Around 13 hours, the CAC 40 was up 0.95% at 3830.61 points, including increased growth of the beautiful side of U.S. markets. In an exchange volume down (barely 875 million euros at mid-session), the famous rally Year-end "appears to be a good reason for investors to" play "on the rise.

No statistics are expected today, which should contribute to the sluggish trade.On the rest of the week (end of quotes provided 13 hours Thursday and closing of the Exchange Friday), the third estimate of U.S. GDP for the third quarter and the sales figures in the real estate professional in the U.S. will be watched.

Thomson negotiates

This is Thomson, which holds the top of the display values of the SBF 120, displaying a great increase of 7.81% to 0.94 euro. The restructuring of debt of Thomson, which must be approved by two thirds of its creditors, has already been accepted on Monday by two of the three committees of creditors who must decide, said the French group said in a statement.

Other important information on Monday and welcomed by the market: a joint venture of Safran (+3.56%) and General Electric was selected in the manufacture of aircraft engines by China to equip future aircraft have to compete A320.

In the ACC, Total wins 1.93%, to 43.4 euros after winning a license contract in Algeria for gas fields of Ahnet.

According Wansquare, Jacques Lenormand, deputy CEO, responsible for driving strategic financial and Credit Agricole (just 1%), going from the facility in a few weeks.

The group involved in banking, in an interview with the daily Le Soir, Pierre Mariani, the CEO of Dexia (3.18%), higher up the leading index in Paris) says it plans to show a fourth quarter in the green.

The action Natixis, it takes 2.51%, to 3.35 euros. The Exchange welcomes the restructuring of the BFI and Jean-Marc Moriani will leave office.

In an interview with Le Figaro, CEO and founder of Iliad (+0.33%), the parent of Free, Xavier Niel puts the figure at 2.8 billion euros by 2012 for its surplus of operation.

NicOx (-0.97%) lifted about 100 million euros in its capital increase.

Sanofi-Aventis coward 1.04%, to 54.13 euros. The group announced the discontinuation of development of two products, one in the treatment of insomnia and the other in the atrial fibrillation.

CNP Assurances (+0.12%) has exercised the option to sell part of its 11.34% stake in Natixis Global Asset Management.

It's a real paradox. While many disabled people are unable to find their place in the labor market, companies snapped up those who have attended graduate school. Their recruitment is the same headache for companies seeking profiles from bac + 2. "There are so few … We all want the six-legged sheep," says François-Xavier Krieg, head of pole insertion of Generali Group, which recruits mainly bac + 4.

"It's a problem, recognizes Laurence Mialleret, Human Resources Areva. We may have a real disability policy and a lot of goodwill, we are sometimes forced to abandon research on certain positions. "From bac + 3 blocks it.We find more candidates, "added Franz Bléhaut, director of France Michelin.

Disabled people are still struggling to gain access to skills training. (AFP) Photo credits: AFP