International News

Finishing the week? Difficult even within an hour of the closing address. The CAC 40 was indeed well embedded in the green, but 16 hours, the morale of Americans showed degraded. The investors in the United States and Europe reacted immediately.

Around 16.45, the flagship index of Paris evolves close to equilibrium after being tipped into the red. The CAC 40 is around 3930 points. The index of consumer sentiment fell to 72.5 in March against 73.6 in February. Americans are less optimistic about employment prospects.

Earlier on Friday, retail sales in the United States have however withstood the bad weather in February.Against all odds, they rose by 0.3% compared to January (in data seasonally adjusted) while analysts felt they had declined by 0.2%.

This supports other new ad, released Thursday, which was rather reassuring, even if they still underscore the difficulties overseas cheapest one. Like the U.S. trade deficit fell to 37.29 billion dollars from 39.9 billion in January. Other good news side of the labor market "listings weekly unemployment fell to 462,000 from 469,000 the previous week. Perhaps, then, that the ACC will manage to close the week at the Green …

Mixed signals

But some lingering doubts in the markets due to the mixed signals sent to the assumption by the United States, Japan and China.The latter confirmed his great form with a rise in industrial production by 20.7% yoy in January and February, coupled with increased investment in fixed assets of 26.6%. But the United States, the government announced a record budget deficit of 220.909 billion dollars in February, while the decrease in the number of newly unemployed was less than expected, with 462,000 new registrations against 460,000 estimated.

In Japan, meanwhile, lowered its estimates of GDP for the fourth quarter 2009, up 0.9% from the previous quarter, instead of +1.1%. This is in addition a possible credit crunch in China because of rising inflation (2.7% in February).

Firstly, the current account deficit remained virtually stable in France in January over December, to 3.4 billion euros, against 3.3 billion euros in December, by BdF cashadvance .

The automotive sector in the form

The CAC 40 is pulled up by the automotive sector. Renault (+1.85% to 33.885 euros) is the fourth largest increase in the index. It is preceded by Peugeot (+1.90% to 21.990 euros). Far behind Michelin earns 0.46% to 57.19 euros. Valeo lost 0.22% to 24.91 euros.Faurecia is gaining 0.53% to 14.33 euros.

The bank also support document: Credit Agricole (+1.20% to 12.2 euros), BNP Paribas (0.67% to 57.28 euros) and Societe Generale (+1.66% to 44.730 euros) seem announcements have given the Chinese tighten credit.

EADS (-0.07 to 14.840 euros): the controversy swells around the financing of the A400M. Matignon is mulling an appeal to the general loan or option focusing on the state budget.

Pernod Ricard (+0.10% at 60.30 euros) which has launched a bond issue of 1.2 billion euros on Thursday, brought together an order book exceeding 5.5 billion euros. The proceeds from the offering will be used to repay the installments shorter credit union to extend the maturity of the debt.

Total (stable at 39.10 euros) is always under pressure.The CGT oil group called for a resumption of the strike in the refinery when the Justice will rule on his request for interim measures for the crime of interference with employee representative bodies. The CEC will file early next week a motion to that effect.

Michèle Bellon, Assistant General Manager of Dalkia, will succeed Michael Francony at the head of the ERDF, the distribution subsidiary of EDF (-0.42% to 38.125 euros).

EDF Energies Nouvelles has announced Friday that U.S. power company Indiana Power and Light (IPL) had canceled the contract of sale of electricity on wind project Lakefield, in south-west of the State of Minnesota. The Exchange sanctions: -2.80% to 36.160 euros.

Cellectis (-0.69% to 10.02 euros) on Friday announced a turnover in 2009 rose 14% to 12.1 million.The group also announced a strengthening of its cash to 45.6 million euros against 28.7 million a year earlier.

As for publications, Rally (-1.18% to 25.9 euros), which controls Casino (-0.25% to 60.86 euros) will announce its annual results.

There are just a year he had won the grand prize of BFM manager and made the headlines in the magazines, which presented him as a guru technologist and strategist warned telecom. With only two known passion, except tech gadgets. His wife, Gilberte, banker at HSBC, and the trees of his house in Sologne. Alas, this image has eroded since the summer, while a series of suicides has plunged the group.

Hue on some sites, a company that has yet veneration of the leader, Didier Lombard, in his wheedling air and round cheerful, is affected. The mathematicians more comfortable in the labs among engineers that under the camera, commits some awkwardness of language that mark the spirit but do not reflect his thinking. Like when he talks of "fashion" about suicide.

The runaway media, which has a genius visionary, is suddenly switch to a boss with autism.A shift that shows how it is excessive as it is radical.

For Didier Lombard is fully committed to "home" and its employees, where he began his career as a young Polytechnique, before joining the Directorate General of Industry at Bercy. There he will manage all major industrial issues, Bull Thomson. It will keep the obsession with the voice of France and Europe in the "global digital village," between the American omnipotence and new ambitions Chinese Business Card Holders .

Capacity in countries emerging

When it comes to the head of France Telecom in 2005, replacing Thierry Breton became Minister of Economy, the company is just the head. Crushed by debt, it almost went bankrupt.Didier Lombard accelerates plan "TOP" drastic cost reductions initiated by Thierry Breton, and continues the transformation of enterprise fixed mobile integrated operator with its plan Next. A transformation vital to the survival of the group plunged into the competition, but that is no longer welcome by some of the employees in historical France. At the international France Telecom is strengthening in the emerging countries, but also in Switzerland and Great Britain, even if the marriage with the Nordic TeliaSonera fails.

In taking over, Stéphane Richard will give a flat part of this strategy.Starting probably content, even if their weight in the group activity is inversely proportional to the media buzz they generate.

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The carbon tax is passed to the door Tuesday censured by the Constitutional Council. The government promised to submit within three weeks, a new mechanism. Anyway, the series of texts budget voted in recent weeks Finance Act 2010, Act funding Social Security, supplementary budget for 2009 includes several other measures affecting the taxation of households this year. Here are the key.

• Ceiling overall tax loopholes

For income received in 2010, a taxpayer may not reduce their income tax using the tax loopholes (working from home, child care, grants to associations, Scellier …) beyond an amount equal 20 000 plus 8% of its taxable income. Introduced in late 2008, the overall ceiling was far more generous, to 25 000 plus 10% of income.Taxpayers who use the niches Dom-Tom, Scellier, or devices for tourist homes have a respite: they have signed an investment commitment before December 31, 2009, they escaped the drop in overall ceiling .

• Act Scellier

The reduction of income tax, taxpayers enjoyed buying a new home for rent under certain conditions, remains at the same level as in 2009 – representing 25% of the purchase price – for homes purchased in 2010 that they meet or not the standard "building low-power" (BBC). The "greening" starts from 2011 for non-BBC dwellings, the tax cut to 15% next year and 10% in 2012. For homes BBC, it remains at 25% in 2011 and then fell to 20% in 2012.The Scellier disappears at December 31, 2012.

For new housing, the loan rate zero (PTZ) was doubled in 2009 and will continue until June 30, 2009. Photo credits: Pascal SITTLER / REA