International News

In a mobile market completely disrupted by the arrival of Free Mobile, Bouygues Telecom said it had lost 159,000 customers, of which 134,000 went to Free Mobile. This represents 1.4% of its fleet of 11.3 million mobile customers. Last week, Orange announced that it had lost, for its part, 201,000 mobile customers in total, or 0.7% of its fleet.

Result, Bouygues Telecom expects a decline of 10% of its turnover in 2012 to 5.14 billion euros. The arrival of Free Mobile is not the only cause. Martin Bouygues, CEO of the group, also cited pell-mell "regulation, the end of the differential termination, terminal costs, Chatel law which is one of the most protective for the consumer."

To resist, the group announced a plan to reduce costs this year. "Our goal is a plan to save 300 million euros, which will be achieved in part through new commercial offerings but also using our flexibility on external loads," said Martin Bouygues. The group, which has 9,800 employees in late 2011, should not undergo abrupt reduction of the workforce. "By cons, what is clear is that staffing levels, recruitment Bouygues Telecom are completely blocked (…). We will let the natural decline to do, "he said, adding that cost savings could affect contractors, subcontractors and suppliers.

"Free Mobile makes the cuckoo"

Bouygues Telecom is also focusing on innovation. The group decided to have a strong positioning in the offers "bare" (without telephone and commitment, 100% web) with B & You, and with the offers services through Eden. It will market its new box with the Sensation "the most powerful processor market and offers the largest VOD thanks to agreements with TF1," said Martin Bouygues. He announced that the band would embark on the next generation mobile (4G) this year and was pleased to have obtained frequencies' en o "- in the band 800 MHz – stressing" they allow a very good coverage inside buildings. "

Martin Bouygues has admitted that the offer of Free Mobile was very aggressive. "But it is by no means a reflection of its production costs. Free Mobile is the cuckoo on the Orange network, he said. The telecom industry is a fixed cost. If someone could have a variable cost structure, if there was distortion of competition, it would in my view extremely serious, "he added, without elaborating.

On the roaming agreement that allows to use the Free Mobile network Orange, Martin Bouygues considers it "would not be unusual that this contract be made public, since the two competitors know, and two others not." All these topics should be discussed at the meeting between Martin Bouygues Telecom and Constable (ARCEP). "If we must suffer and die, it will be the fault of the regulator," he concluded.

Yesterday, Bouygues share lost 2.09%, to 23.88 euros, while the action Iliad (Free) clôturait on a record 99.55 euros, up 2.10%.

Nicolas Sarkozy's promise to the workers and employees is clear: lowering of 4 billion euros labor costs at the minimum wage, will increase their take home pay. To finance the measure without worsening deficits, it intends to eliminate the employment bonus (PPE) and increase the taxation of dividends. A device that is the electorate.

Small businesses with fewer than 20 employees (TPE) through a difficult period. "They are in survival mode. They no longer have the slow growth of France, said Jean-Marc Jaumouillé, director of professional techniques in Fiducial. They suffered more in 2011 than in 2008 and 2009. They did not contribute to wealth creation in the second half of last year. Only 20% showed an increase in their revenues above inflation. "

According to the 45th quarterly barometer of TPE made by Ifop for Fiducial, small employers have not created jobs last year. 82% have stabilized their numbers. 10% have cut jobs. They are only 7% have increased their staff. "This is one of the worst year for employment since 2002," says Jean-Marc Jaumouillé.

Small employers monitor carefully the evolution of the payroll. They were limited to 1.7% wage increases for their employees last year. However, the situation varies across sectors. A company has upgraded four of less than 1% wages. 18% gave an increase of more than 4%. They are all to have frozen wages.

Assuming a stabilization of their sales in the first quarter, small businesses are cautious for 2012. The average wage increases should be limited to 1.2%. But 42% of small employers that will provide zero or less than 1%. "One good sign. For the first time since 2008, a perceived tightening of access to credit has fallen to 15% while it was never dropped below 20% since 2008, "says Jean-Marc Jaumouillé.

Employees overtime takers

While the debate on working time is one of the key topics of the presidential campaign, half of the patrons of TPE (49%) practice a working week not exceeding 35 hours, against 44% in October 2007 . One in ten exceeds 39 hours, against 21% in October 2007. "The law Tepa introduced in August 2007 that would allow firms to relax the 35 hours has had limited impact. She did not call for air hoped, "says Jean-Marc Jaumouillé.

As in October 2007, 47% of businesses use regularly to overtime. TPE over eight in ten (82%) pay them according to the legal scale. One in three places recoveries. One in five exceptional bonuses.

For their part, employees are increasingly likely to want to work overtime. They are 55% to 26% against the wish five years ago.

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Oil flirts with $ 100 a barrel. But it could climb higher, it is in any case the feeling of the experts of Edmond de Rothschild Asset Management which assumes about $ 120 a barrel next year.

The return of the production of Libya on the market faster than expected: it reached about 700,000 barrels per day (against 1.6 million before the crisis in the country), "a figure that was thought best to reach the end of years, "said Edmond de Rothschild Asset Management. The country should, in this study, return to its previous capacity until mid-2012. Meanwhile, production of mature countries such as Norway, Mexico and the United Kingdom declined. And falling stocks including the United States.

"Countries like Saudi Arabia require that the price of oil is at a relatively high (above 90 dollars per barrel) in order to balance their budgets," said the study payday loans.OPEC therefore intervene in the case of lower prices. A scenario that does not, however, resist a global recession.

A further increase of gold expected

Among commodities, gold has also been rising by several asset managers. Edmond de Rothschild Asset Management believes that in a context of very low interest rates, the market should remain strong.

The Swiss Bank Wegelin, too, advises his clients to hold physical gold, not least because it considers the euro, the yen and the dollar overvalued. "When all the current problems are resolved, then it will be time to get out of gold" summarizes Magne Y. Orglandes, managing partner of the Swiss bank.

In the third quarter, gold demand has also increased by 6% according to statistics from World Gold Council, reaching a record $ 57.7 billion (42.7 billion euros).

In the third five-day strike of cabin crew of Air France, the company hopes to provide 85% of the flights scheduled that day, she warned this morning, while a strike notice was filed until Wednesday, November 2 included. Sunday night, Air France said it had secured 88% of its flights of the day, and sent 120,000 passengers.

Remember, the movement is to protest against the proposed reduction in the number of cabin crew in some aircraft, as well as against a reform of the evaluation of these same individuals. The conflict has generated over the weekend a battle of numbers between unions and management. According to the latter, there would be 30% of strikers. The UNSA has instead assessed the proportion of strikers to 65% Sunday, after 50% Saturday payday loan.

"Management is currently parades, but it can not hold the road in five days," said Gaëlle Sibril, steward of Southern Air. "That's why we filed a notice of strike for five days because we know they can be organized over two days but no more," she added. Didier Foussat union FO-SNPNC, "the strike will ramp up because all the volunteers PNC reserves are currently using." For him, "we arrive at a peak" from Monday. "From experience, the third day, ie Monday, which will be very complicated," Judge Philippe Sports Meanwhile, the UNSA.

Player Figaro BFM

Liquidation or recovery? The future of the ferry company SeaFrance, SNCF and property loss for over ten years, is played in two stages this week. The European Commission must give its opinion on Monday the recovery plan presented by the company management.

It is financed recapitalization to the tune of 160 million euros provided by the station, its parent company, and a loan of 99.9 million euros was also granted by the SNCF "market conditions" as Ministry of Transport, at the forefront of negotiations with the Commission.

Three candidates for the recovery

On 19 October, Brussels decided to give a stay of several days the French government for an independent investor that is able to replace the station to inject 100 million euros.This loan is indeed the point of blocking the bailout.

Allocated by the SNCF, it is similar to State aid. But the Ministry of Transport, we do not believe in miracles. "In the current situation, no bank is willing to release 100 million euros to support SeaFrance," says a close case.

Tuesday, it was the turn of the Commercial Court of Paris to decide: the liquidation or takeover by one of three candidates. In addition to a mystery buyer, called "Being Bang," Louis Dreyfus Armateurs is associated with the Danish DFDS in a consortium. Another offers more unusual is in the running. This is a cooperative production (Scop) carried by the CFDT.

512 employees have already raised a finger to enter the capital of the SCOP which will take back almost all of the employees but is seeking another 20 to 25 million euros.SeaFrance has 880 employees.

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The concern continues to dominate in Asia, where major stock markets were down on Tuesday. Shortly before 7 am (Paris time), the Nikkei yield 1.31% to 8433.27 points, the Hang Seng in Hong Kong 1.59% to 16,554 points and the Shanghai Composite Index 0.26% to 2359, 22 points. The South Korean Kospi falling 4.97% to 1681.82 points while the S & P200 was down 0.64 Australian% to 3872.10 points. The MSCI Asia Pacific for its yield 2.1%, the lowest since July 2009.

The day before, Asian stock markets had already declined, lead-talk statements of Greece announced that it would lack its fiscal targets.In the process, Europe had closed down, followed by Wall Street where the Dow Jones dropped 2.37% to 10.655 points and the Nasdaq 3.29% to 2336 points.

Monday evening, the finance ministers of the Eurogroup have pushed the "the month of October," a decision on a new tranche of EUR 8 billion, needed to Greece.Despite the announcement of new measures by Athens deficit, the markets fear more than ever a default of Greece.

Oil down and the yen at the highest for ten years

"In addition to the growing European concerns, there are also fears about the level of the yen and its impact on the results of Japanese companies," said Hiroichi Nishi, a broker at Nikko Securities SMBC fast payday loans.

Nippose currency, considered a "safe haven", is indeed at record levels: about 7 o'clock this morning, the euro bought 101.21 yen against 102.6 yen on Monday morning. During the day Monday, he even reached 100.96, yen, lowest in a decade. The dollar also declined against the Japanese currency to 76.59 yen against 77 yen on Monday morning. The rise of the yen penalizes income from Europe of Japanese exporting companies.

Oil markets, concerns about the global economy weigh on prices: a barrel of "light sweet crude" for delivery in November lost $ 1.11, to 76.50 dollars in early electronic trading. A barrel of Brent North Sea crude for November delivery gave up 92 cents to 100.79 dollars.

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Football, video games, magazines, sofas on which to lie down to watch football matches, all swallowing hot dogs and chips at will. The best place of all men … at least according to Ikea. It was at Sydney in the local store's Swedish distributor, that this "Mansland" was born. The logic is the same as for "Smaland" space for day care children present in all the Ikea stores around the world.

Already cleared of toddlers, women will finally be totally alone to shop. Only problem: after half an hour of bliss, a buzzer reminds the ladies half their existence, if they would have already forgotten. Mr. Mrs. So join to challenge his choice of linens, glass and lighting … and why not to pay at checkout.

No planned deployment in France

This solution to rally the spouses who shun Ikea citing another "Stockholm Syndrome" (birthplace of the group) is currently an isolated initiative. The operation took place over four days on the occasion of Father's Day in Australia. "A deployment of this kind of space for men is not in French stores," says Are there Ikea France. The French will have to still support their husbands and vice versa!

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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.

Remain in control at home. Such is the concern of Mark Pincus, founder of Zynga, the leading provider of video games for social networks, such as Farmville, with 232 million active players per month. To retain full authority in his business, despite its forthcoming IPO, Mark Pincus holds a special law, approved by its board of directors. This decision is consistent with her wishes because administrators have been selected by Mark Pincus himself, as his deputy director general John Shappert.

The founder of the start-up in 2007 in San Francisco, won each of its actions has 70 voting rights, according to a company document obtained by Bloomberg.It's better than what was originally planned or what has been practiced for IPO social network LinkedIn for business: 10 votes per share for the co-founders.

Thus, Mark Pincus, holder of 16% stake in his company, he will maintain his authority over every decision. This must still be approved by two-thirds of the shareholders, before September 2.

Then Zynga will take his first steps on the stock market and rising, as envisaged from the beginning of the summer, about one billion dollars. If all goes as planned, its market capitalization should be between 15 and 20 billion. The group would become the company most expensive in the world in video games at Electronic Arts (7 cash advance america.3 billion) and Activision Blizzard (13200000000), controlled by Vivendi.Earlier this year, the company was "valued at $ 5 billion," says an expert from PricewaterhouseCoopers.

Reversal of value

It is a real reversal of the hierarchy: the publisher of games for social networks could surpass traditional publishers of games for consoles and PC. Zynga is very profitable with its free games, such as Farmville, CityVille or MafiaWars, which cost little money to design and generate significant revenue. Proceeds from the start-up, with over 2000 employees, results mainly from the sale of real shadow, like a farm, factory or virtual fruit trees, which help the player to progress in his adventure. This model is thriving, thanks to Facebook as "friends" involved of challenges through simple little game.Therefore, Zynga should display in 2011 a turnover of around $ 1.5 billion, with, the key to a net income close to $ 500 million. In 2010, after three years of existence, the company became profitable, with $ 90.6 million in net profits for a turnover of 597.5 million and cash of close to one billion.

Traditional competitors, Activision Blizzard and Electronic Arts, respectively realized 4.44 billion in revenue and $ 3.58 billion.

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