International News

The CAC 40 starts the week without much conviction. After playing sawtooth, the index finally closed its Paris at the start of the session: the CAC 40 gained 0.37% to 3 567.66 points.

Even cautious on the stock exchange in Frankfurt, where the DAX index was up 0.20% to 6 077.19 points. However, the side of the London Stock Exchange, the increase was more pronounced: the Footsie index advances 0.66% to 5 167.02 points.

On the macroeconomic front, the meeting was very quiet.The markets have learned before market that current account deficit had settled in France to 4.5 billion euros in May, from 2.9 billion in April, seasonally adjusted data.

The rest of the week will be loaded, the U.S., several interesting publications such as the budget (Tuesday), sales information (Wednesday), registration weekly unemployment (Thursday), or the index of sentiment consumer (Friday).

Caution is also placed on the European stock exchanges should begin when the ball overseas publications.From Monday, Alcoa will launch the festivities with the results of its second quarter.

Zodiac rejects the advances of Saffron: Zodiac leads the DTH

As for values, the supervisory board for Zodiac (7.11% to 42.61 euros) announced Sunday that he would not pursue a business combination proposal made by Safran (-2.62% at 21 , 74 euros).

Alstom (+0.36% at 38.87 euros) was applying for the construction of four stations on the route high-speed rail that will link Jeddah to Mecca, said Sunday the company to Saudi Railways ORS .

Carrefour (+0.12% at 34.63 euros) is to publish its second quarter results on July 15 after the close of trading.Analysts already expect a turnover of 24, 78 billion euros (+5.7%) including 10.29 billion in France (+1.6%) and 5.18 billion (-0.6% ) in hypermarkets.

Cameo (0.62% to 163 euros) announced Friday for the second quarter decreased by 11.3% of its sales, surface and currency comparable because of the lag of a week of dates on balances of June July. The turnover for this period amounted to 190.2 million euros, up 1.1% on published data.

Total (0.27% to 38.4 euros) have launched legal proceedings to challenge the decision of the Court of Appeal of Douai to force him to reopen his site Dunkirk.

A little over a week after its expiration, the license of Google in China has been renewed, said Friday the U.S. Internet giant. "We are delighted to have received the annual renewal of the license and can continue to provide products and services to our users," said David Drummond, the official blog of the group.

The renewed the license comes after a period of uncertainty and a long standoff with the Chinese government, Google is saying exceeded by China's censorship and cyber attacks come from this country.David Drummond, vice president of Google, announced on June 29 last, one day before the expiration of the license for Google in China, as if the license was not renewed, he "cut off all contact with China .

In March, Google had decided not to censor its Chinese site and transfer it to Hong Kong.But last week, Google announced a new "approach" in China, changing its system to stop censoring its search engine, in an effort to meet the demands of Chinese authorities.

China: more than 400 million Internet

Currently, all Internet users in mainland China are headed on a new page of google.cn, a website in China which now has links with the Hong Kong site.

"It was obvious that we should stop to reroute" automatically on the website of Hong Kong, said Google CEO Eric Schmidt was quoted Friday by the Financial Times, before the announcement of the renewal of the operating license in China .

With the renewal of its license, Google will be able to continue to operate on the largest Internet market in the world.China is the largest Internet market in the world with over 400 million users, according to official figures.

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The NYSE opened Thursday near equilibrium, having finished the previous lowest in eight months, dragged down by a new indicator on the disappointing U.S. employment market: the Dow Jones lost 0.05% and NASDAQ 0.03%.

"Nobody seems eager to take advantage of market declines to buy shares, at least for now", believes Patrick O'Hare of Briefing.com financial site. "This reluctance reflects a decline in market confidence about the ability of companies to achieve their performance goals in the second half of the year."

Influenced by the European public debt crisis, the oil spill in the Gulf of Mexico and fears of slowing global economy, U.S. equity indices closed sharply lower Wednesday for the second consecutive month to reach their worst quarter since the second quarter of 2002.They returned to their lowest level in eight months … Yesterday, the Dow Jones finished down 1% to 9774 points, the S & P 500 also lost 1% and the Nasdaq 1.2%.

The banking sector might react after the removal of a proposed tax credit and the approval by the House of Representatives, the final version of the broader reform of financial regulation in the United States. President Barack Obama reiterated Wednesday during a speech in Racine (Wisconsin, North) that the bill would "prevent a crisis" such as that of 2007-2009. "This is a reform that will protect our economy from the recklessness and irresponsibility of some," he said.

On the face of macroeconomic indicators, the employment figures expected Friday should mark a return to job losses after five months of improvement.On Wednesday, already, enrollment weekly unemployment rose unexpectedly last week in the United States, according to the Labor Department. Applications for unemployment benefits rose 13,000 to $ 472,000 in the figures as at June 26, while economists on average expected a decline to 452,000 over the figure of 457,000 originally reported. This does not augur the best.

Even more than other countries engine of global growth, China has seen, precisely, growth prospects are heavily depressed by the Conference Board and the Chinese manufacturing activity slowed in June, according to two indices Chinese purchasing managers released Thursday.

Investors will closely monitor the repayment by the European banks, expected on Thursday.They will have to repay 442 billion euros Thursday to the European Central Bank, with the maturing of a loan granted exceptional giant a year ago.

Unemployment, housing sales and the ISM Menu …

In this context, the statistics of Thursday afternoon should be highly supervised, investors watching for any sign of improvement. They may be disappointed. The promise of home sales in May and the ISM manufacturing activity in June should be more than mixed.

Technology stocks, IT and telecom will be well attended.

Setbacks Chinese Google could find exits. The license renewal application filed by the U.S. giant in China will be considered by the government and the result will be published shortly, have indeed shown this Thursday, the Chinese media.The U.S. group has shown good will by announcing in Beijing that he would terminate the automatic rerouting of its Chinese site to its site of Hong Kong. The track lost 0.11% to 444.47 dollars.

The internet group Yahoo! else has announced Wednesday that its board had approved a share repurchase program of $ 3 billion over three years. During Wednesday's closing, this amount represents approximately 15% of the market capitalization of the group.After the announcement, the stock price Yahoo!, The lowest since a year has risen by 1.59% to 14.08 dollars.

The Microsoft IT group (+ 0.56% to 23.14 dollars) announced Wednesday it would gradually stop marketing its phone launched in April, the Kin, especially for the youth market of amateur social networks. " Microsoft has decided to focus on the launch (OS) Windows 7 and Phone will not deliver the Kin in Europe this fall as planned, "the group said in a statement

The small business Internet distribution Woot, offers its followers not more than one model per day at deflated prices, said Wednesday that she was redeemed by the giant Amazon, without specifying financial terms of the transaction."The name of a dog! Woot has signed an agreement with Amazon – yes, then the Amazon – to become an independent subsidiary of the giant e-commerce, "said the little Texas company on his blog. The title gained 0.14% to 109.40 dollars.

Finally, Boeing could react because the World Trade Organization asks Brussels to halt "without delay" to the subsidies paid to Airbus. Boeing sees this decision as "a great legal victory, the European union will be Apel.les action leaves 0.51% to 62.46 dollars.

While France has 75,000 Internet subscribers high-speed fiber optics, Maxime Lombardini, Chief Free said that France has everything to expedite the arrival of this new technology into homes. While some question the framework put in place in France to deploy fiber, Free hand, considers that promotes investment and competition and allows the French to receive subscriptions less expensive in Europe. Free calls within the regulation, its competitors to invest with him in fifty common.

LE FIGARO. – France takes it from behind in the deployment of fiber optics?

Maxime LOMBARDINI. – Quite the contrary, France is ahead. The advent of fiber optics in homes is accelerating.After three years of work, France is at the forefront in Europe, thanks to a very successful framework that enables rapid deployment of fiber networks without digging sidewalks and minimizing interference in the condominium thanks for sharing. In addition, this framework allows consumers to freely choose their provider and gives them the cheapest in Europe. In France, subscriptions to fiber costs 30 euros a month, against more than 100 U.S. dollars. Operators will deploy fiber in the condo together for 5 million homes in the dense areas. Four operators have begun deployments significant.Result, there will be at the end of the year more than 100,000 subscribers to the optical fiber (FTTH), and hundreds of thousands in late 2011.

Why do operators do not they do more advertising for the fiber?

We do not launch national campaign as the fiber is not everywhere. But when a neighborhood or a town is connected, we inform our ADSL subscribers and the people that for the same price, we offer very high-speed fiber. They have therefore a very fast internet access. Other immediate benefits they can receive television via their optical box on multiple televisions, enjoy high definition, the catch-up TV, 3D programs, etc..

France Telecom has called on its competitors to co-invest with him on a fifty Commons. Free is he leaving?

Sure.We have responded positively to France Telecom, which will pose a dedicated fiber to each home to Free bundle. For Free, this represents an investment of tens of millions of euros. We ourselves will today call for co-investment in more than 50 towns, including Paris, Nice, Marseille, Toulouse, Nantes, representing nearly 3 million potential catch. We ask that interested operators to respond to us by early July.

How much will you invest?

In fiber optics, Free has taken 2 million and 1.5 million work in the study. I confirm that we have 4 million homes connected with fiber in 2012. We signed agreements with condominium units representing 350,000. Free has invested 350 million euros in the fiber to date in 2010 and will invest over 150 million. The creation of direct and indirect employment is significant.All this shows that we are in a phase of very concrete investment and our motivation to deploy broadband is strong.

This hampers Does the deployment in parallel, on your mobile?

No. Free has the means to pursue these two sites in parallel: in 2010, over 2 billion turnover, the group will spend more than $ 750 million to capital spending, while remaining one of the least indebted telecom operators to Europe.On mobile, the deployment is well underway, and we, again, created over 1,000 jobs directly and indirectly.

When towns and villages can they expect to be connected to fiber optics?

If governments continue to encourage all operators to invest and participate in construction through big loan, we can begin to connect the less dense areas in 2011.

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While the Tokyo Stock Exchange is closed until Wednesday included due to public holidays in Japan, the Asian markets all move in the red on Monday.

Hong Kong drops 1.36% to 20,821.20 points, 0.91% cedes Taiwan to 7391.74 points, Seoul lost 1.22%, 0.58% in Sydney coward 4779.50 points, fell by Bombay 0 53% to 17,464.90 points and Singapore shows a decrease of 0.98% to 2945.34 points.

Despite the activation of a massive bailout of Greece announced on Sunday by finance ministers of the euro area, markets do not regain confidence. They are worried about further increases in reserve requirements of banks in China, 50 basis points. Banks will therefore retain 14-17% of their loans in chests. This measure, which takes effect next May 10, is supposed to limit loans to individuals and businesses to avoid the overheating of the Chinese economy.This is the third increase since the beginning of the year.

The banking and real estate values at half

Consequently, the evolving Chinese banking stocks down sharply, on Monday, including Bank of China, which fell by 1.72%. Regarding property values, China Resources fell 4.97%, Shimao Property Holdings sells 2.47% Agile Property Holdings or drops 2.17%.

A barrel of oil above $ 86

Crude prices were up Monday in Asia after the announcement of the plan of aid to Greece and because of a probable decline in U.S. production in the wake of the oil spill in the United States.

In morning trading, a barrel of light sweet crude for June delivery took 16 cents to 86.31 dollars, while Brent North Sea with identical maturity, gained 13 cents to 87.57 dollars.

The International Monetary Fund (IMF) has just been presented with a request for assistance from Greece. Until now, the IMF provided only technical assistance to Athens. The team of experts is hard at work in the capital of Greece. "We are ready to act quickly in response to this demand," said Dominique Strauss-Kahn Friday, IMF Managing Director. And Youssef Boutros-Ghali, chairman of the board of the institution, recalled: "Aid to Greece will take time. This can not happen from one day to another. "Especially since the Papandreou government is engaged in negotiations on a plan" covering several years. "

So far, the IMF had not been involved in developing the plan of the European Union. This is not a member of the board of the fund. The proposals could therefore engage the IMF, said it does in Washington.It is expected to "several weeks" of negotiations. The amount of the full plan could exceed the record $ 58 billion set by Korea in 1997 with the conditions negotiated by the IMF.

The multilateral institution also assumed that the share of aid to Greece will represent one third of the package agreed by the other countries of the euro area. But this figure could possibly change after the verdict of the negotiators of the fund. The absence of a margin for adjustment by devaluation, however, seriously complicates the terms that the IMF should negotiate with the Greek authorities.This is not entirely without precedent: for example, Latvia has received 1.7 billion euros from the IMF in 2008, as part of an international package of 7.5 billion, while keeping its currency indexed euro.

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It keeps more Ryanair. The low-cost airline, offering unbeatable prices every month and opens new destinations this year will become the first European carrier. With 65 million passengers pass it to Air France and Lufthansa. This success, however, relies on flamboyant resort to illegal aid from airports served.

According to Air France, the aid would have amounted to 660 million euros in Europe in 2008, including 35 million in France. Based on its estimates, the company has decided to refer the case to the European Commission, confirming the details of Figaro. The complaint should be filed against Ryanair in the coming weeks, includes several charges: "lack of prior notification," "breach of equality and distortion of competition ',' illegal state aid.

Air France has conducted a proper investigation before doing so.This included all decrypted reports of regional chambers of accounts (CRC) on the subject. Using data sometimes old, crossed with his information on the field, experts have reconstructed the puzzle of allegedly illegal subsidies received by Ryanair. It shows that on average, chambers of commerce and industry, who manage airports, support the activities of Ryanair in France up 9 to 32 euros per enplaned.

A cultural crusade

From the bottom of the range found in France (using a 11 euros per passenger) and by a simple rule of three with the European operations of Ryanair (60 million passengers in 2008), Air France said that its competitor has received this year 660 million euros of aid to Europe. In support of its investigation, the French company relied on its partners KLM and Alitalia.She has found that the aid granted to Ryanair at the airport of Ostend and Alghero were above its low estimate of 11 euros.

"It's a bit weak reasoning, recognizes a part of Air France. There is no organization in Europe that will do the job of regional chambers of accounts. But the 11 euros of aid per passenger is carried in Europe by the airport we could see. We therefore believe that Ryanair affects 660 million euros in Europe. "

Pushing his argument further, Air France calculates that Ryanair, which posted a net profit of 390 million for its fiscal year 2007-2008 and a loss of 169 million in 2008-2009, has been virtually lost 270 million in 2008 and 829 million last year.

The aid takes several forms.They can be direct, as aid to start extending in contradiction with EU legislation. It also aids "indirect" form of rebate granted on ground handling and airport charges.

The method Ryanair is known: for aid in exchange for an airport serving unprofitable, the company highlights the financial windfall of Anglo-Saxon tourists it carries. In case of refusal, or if the aid is criticized, it selects a nearby airport.

This crusade Air France is not the new episode of a commercial battle, since he rarely Ryanair frontally competition. It is more cultural. "The prices charged by Ryanair give a false perception of the value of our service to passengers, said a part of Air France.The Irish company is considered the musketeer who is offering unbeatable prices respond to national companies and terminate abnormally high rates. In fact, Ryanair flies with the European taxpayers' money. "

Ryanair responds to accusations

Contacted by Le Figaro, Ryanair denies receiving any state aid on the airports where it operates. According to the spokesman of the company, "Air France is who receives illegal subsidies in the form of reductions in airport taxes on its domestic routes in France. "We do not pay attention to false claims of companies such as Air France who perform high prices and fuel surcharges, said the spokesman of the company.They complain because they can not make us competitive. "Ryanair has been traveling 6 million people in the departure or arrival of the French regions and said" support 6 000 jobs in France. In addition, Ryanair announced that "the economic model of Air France is in danger because the company can match its prices. This explains the false accusations. "

Air Problems

Air traffic may experience some disruption on Wednesday and Thursday. An Inter-CGT-CGC-FO Unsa air traffic controllers said it was maintaining its notice to strike despite a meeting with Transport Minister Dominique Bussereau. Twelve thousand agents are concerned. They deal in particular security and air traffic management. The airlines will then induced to delay or cancel their flights. "We expect a fairly important to strike then strong enough disruption to our services. We warned these companies of significant disturbance to predict, "warns the Directorate General of Civil Aviation (DGCA). This should provide future traffic forecasts. Travelers are advised to check their flights before going on site. Several airports, such as Lille or Brest Britain, are already experiencing delays.Trade union sources suggest even the possibility of "Operation Snail" on access to airports.

Reason: the Inter asks the Government to reconsider its policy of non-renewal of retirement on two, or 400 job cuts in two years. The unions also fear a dismantling of the Directorate General of Civil Aviation (DGCA) in favor of a merger of services under the FABEC (block functional space common to Germany, Benelux and Switzerland) .

Officials should stop work

They are asked to raise next January 21 by the CGT, FSU, Solidaires, the NMS-CFDT and UNSA-Education.

Reason: they demand an immediate halt job cuts. According to them, in 2010, the State and public services will suffer their worst year in the budget with 30,000 job cuts.Since 2007, this will total more than 100,000 jobs have been eliminated. "Education is very particularly hard hit with more than 16,000 job cuts, totaling more than 40,000 jobs," said a statement of the UNSA-Education. A common departure is planned in Paris, Place de la Republique and 14h. "This movement must be sustainable, unions warn.

The maritime transport of goods affected

In continuation of the strike on January 4, a social movement paralyzes the major French ports since the beginning of the week. The mobilization could still continue. Monday, at the invitation of the National Federation of Ports and Docks CGT workers stopped work in Marseille, Dunkerque, Nantes-Saint Nazaire, Rouen, Bordeaux, La Rochelle and Le Havre. In the Normandy ports, they were almost 90% to strike. In Marseilles and Fos, fifteen vessels were affected.At Havre, the container terminals were very disturbed.

Reason: after the port reform, the CGT claimed the government guarantees employment, including the arduous, and investment. The union wants the expansion of the national collective agreement to river ports and fishing ports and want more information on the transfer of personnel handling to the private sector. The seven autonomous ports French in 2008 employed nearly 31,700 people. However, their market share relative to their European competitors continues to decline.

Mobilization to the Court of Appeal of Amiens

The unions and leftist parties called the 1120 employees of the factory Continental Clairoix to demonstrate to the Court of Appeal of Amiens on Wednesday.

Reason: the first trial court had sentenced heavily Compiegne six demonstrators protesting against the closure of their factory.The objective of the Inter is to obtain the release of six persons convicted of "looting" of the sub-prefecture of Compiegne April 21 last. That day, nearly 200 employees occupy the factory sub-prefecture, after learning they were rejected by the justice of their demand to cancel the procedure of closure. The trial will take place at 13:30.

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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.