Archive for the 'economy' Category
The CAC 40 ended the week above 3900 points, to 3910.42 points exactly, powered during the afternoon of Friday figures on U.S. employment. This Friday, the Paris stock exchange has closed up 2.14%, slightly eroded after the previous day. The sessions Monday, Tuesday and Wednesday were marked by increases comfortable leading the progression of the weekly flagship index +7.3% at Paris, from a closing price last Friday of 3640 points.
The United States has published employment figures less bad than expected. The U.S. economy has destroyed 36,000 jobs in February, according to figures released Friday by the Labor Department. It is far better than economists' forecasts. The unemployment rate held steady at 9.7%. But it remains "inadequate", according to President Obama.At the time of closing in Paris on U.S. exchanges were directed upward, the Dow Jones arrogating 0.8% at 10,531 points.
Moreover, German industry has recorded a surprise jump in orders in January, 4.3%, according to provisional figures published on Friday that far exceeds expectations, thanks to a spectacular increase of 7.1% of domestic orders .
The DAX index of 30 blue chips of the Frankfurt Stock Exchange ended Friday up 1.42% at 5877.36 points against 5795.32 the day before closing. The London Stock Exchange closed higher Friday, the FTSE-100 index of leading values winning 72.60 points, or 1.31% over the closing Thursday at 5599.76 points.
After Market (in 21 hours), the U.S. figures reveal consumer credit.
Veolia Environnement in the single red
Veolia Environnement (-4.26% to 23.94 euros) said before market in 2009 have recorded a turnover of 34.55 billion euros, down 3.4% on year, down slightly higher than expected (-2%). The titles are the only ACC to be in red guaranteed approval cash advance loans .
Still later publications, Areva announced Thursday after the stock market, a 2009 operating profit up 20% to 501 million euros. The turnover showed an increase of 6.4%, to 14 billion euros and net income group share for 552 million euros (-6.3%). The title has been 1.98%, to 352.3 euros. euros.
NicOx reported Thursday a net loss of 60.4 million euros in 2009, cons -73.9 million euros in 2008.The shares gained 1.01% on 5.98, having outperformed the broad trend in recent sessions.
The markets welcomed the gesture of banks
Side of EADS (+1.98% at 15.95 euros), the client countries of the military transport plane A400M and the European industrial group EADS in Berlin on Friday reached agreement on funding for this project has told AFP the French Minister of Defense Herve Morin.
The banking sector remained well oriented on Friday: Societe Generale (+4.83% to 44.95 euros) eventually leads the CAC 40, BNP Paribas (3.67% to 56.78 euros), Credit Agricole (3.19% to 11.66 euros) and Axa (+3.17% to 15.61 eruos) were searched. Following a meeting with Nicolas Sarkozy at the Elysee, the banks have agreed to reserve 96 billion in financing small and very small.
Casino (-0.38% to 60.20 euros) should start in May its pods, modeled on that of Nespresso. In France, the market for coffee pods is estimated at 1 billion euros, half for Nespresso.
Natixis (0.90% to 3.69%) is under the radar of the AMF. A book published Thursday reveals that the former officers have disclosed false information to markets, in October 2008.
In an interview with the Financial Times, the group's boss, Jean-Bernard Levy, said he was interested in the sale of a mobile frequency by the governor of Brazil. According to analysts, this would require an investment base of over one billion euros.
222
The euro fell on Thursday to its lowest level since June 22, 2009. This morning, the euro was worth 1.3827 U.S. dollar before recovering to 1.3834 dollar. The single European currency also retreated against the yen at 125.70 yen.
This drop is explained in particular by the concern of traders due to budgetary problems of many countries in the euro area. Many expect a strong intervention of Europe and even appealed to the International Monetary Fund (IMF) to help Greece to get out of a budget crisis without precedent.
Another concern is about the euro on the currency market, the case of Spain, which has poorly digested crisis including an unemployment rate of nearly 20%.Besides Dominique Strauss-Kahn, IMF head, spoke Thursday on RTL crisis "very strong in Spain and that the country had" an effort "to reduce public deficits one hour payday loan . The Spanish public debt has soared just over 60% of GDP in 2010 while in 2007 it accounted for only 36.2% of GDP.
Tuesday, Paul Krugman, Nobel Prize in Economics in 2008, believed that Spain was the main weakness in the euro area. To this the Spanish Minister of Economic Affairs, Elena Salgado, has responded Thursday by saying on the radio station La Cope: "The euro is a very strong and we continue to strengthen the currency.I see absolutely no risk for the euro area, "adding," there may be a lack of understanding about what the euro means for our economy. "
Another country in the euro area is also starting to worry, Portugal, again because of deteriorating public finances of the country. Besides the titles of Portuguese banks fell by 5 to 6% Thursday on the Lisbon Stock Exchange.
222
The "opinion leaders" have not yet digested the crisis. The distrust that policymakers feel about financial institutions and banking remains strong, according to the Edelman Trust Barometer 2010 *. The distance is widening not just with the general public. The confidence rating of banks has melted most of the 22 countries of the investigation by the public relations agency. In the United States, for example, has dropped 39 points in three years, falling from 68% in 2007 to 29% in 2010. It is even lower in France, 21% in 2010 (against 41% in 2007).
The technology sector has the symbol
More generally, the confidence of elite companies to progress (54% of "opinion leaders" interviewed). Except in France, where it remains at a very low level (37% this year against 36% last year). If the banking and insurance are at the bottom of the table, the technology sector is racing ahead.Nearly 80% of elites trust it globally, and 70% in France. "The elites can not forgive the banking sector's responsibility in the crisis," Journet analysis Isabelle Rahe, president of Edelman France, in presenting the study. "Beyond the economic impact, it is the lack of transparency that is punished quite heavily."
Pessimism about the lessons learned from the crisis
The opacity of the financial system is well and truly under fire from critics. For 67% of respondents in 22 countries, transparency is a major asset in building the reputation of a company to the responsible management of human resources (63%) and civic attitudes (50%)."The elite give more confidence to businesses that engage in society beyond the creation of wealth and employment," says Antoine Harary, director of StrategyOne, the subsidiary of Edelman specializes in studies and assessments Marketing and Public Relations free credit report online .
But transparency and civic engagement are not everything. As stressed in the barometer makers fear that companies will not return to their "old habits", ignoring the lessons of the crisis. They are 68% internationally and 74% in France to expect that the famous "business as usual" make a comeback after the crisis. Pessimism up to nourish the hope that the elite opinion.That's about profound changes in their working methods that companies will be judged in the future.
* The 11th edition of the Edelman Trust Barometer was conducted among 4875 opinion leaders in 22 countries. The "opinion leaders", according to the criteria of Edelman, are graduates, who earn high incomes and are closely watching the news business and politics.
ALSO READ
"European employees satisfied with their situation
"The French pessimistic about the post-crisis
"Investors are regaining confidence
Companies that have lost or gained the confidence of French in 2009
Edelman StrategyOne France and joined the research institute OpinionWay to conduct a further study with a sample of 1,000 French.These forty companies have found French or international, citing those in which they more or less confident today than in 2008. Notably, the Post is named in both charts.
• Winners
Google: 31%
E. Leclerc: 26%
Post: 26%
EDF: 24%
France TV: 21%
• Losers
France Telecom: 36%
Societe Generale: 33%
SNCF: 32%
Post: 30%
Total: 30%
222
He took his time. But the New York jury delivered its verdict on Friday evening the group of telecommunications and media company Vivendi sued by shareholders ruined by its near-collapse in 2002, was convicted of misleading communication. Its CEO at the time, Jean-Marie Messier, has instead been milled.
As expected, Vivendi's lawyer Paul Saunders immediately announced he would appeal, and that he intended to "win". "We are satisfied that the damage is half of what the plaintiffs claimed this side there is a partial victory," said the lawyer. The plaintiff had estimated that damages could rise to 11.5 billion dollars.
Messier absent when the verdict
Jean-Marie Messier and Guillaume Hannezo, its chief financial officer, were absent when the verdict.They have yet to appear in magistrate in Paris in the spring, with five other executives of Vivendi, including responding to charges of disseminating false or misleading information, price manipulation and abuse of social goods, which they could worth up to 5 years imprisonment and heavy fines for bad credit payday advance .
After three months of trial, the nine board members of the Federal Court had to decide on 57 points very technical. After answering a series of questions establishing the guilt of the accused or not, they have, for each trading day occurring between October 2000 and August 2002, "determine the amount of inflation being caused by the fraud alleged" .
ALSO READ:
"Verbatim Vivendi marathon court is not finished
"Vivendi shareholders reinforced French
"Vivendi Started in New York
"Vivendi and Messier before the American courts
222
Paris, Palais des congrès. This Thursday, the huge amphitheater, Pierre Gadonneix presided as expected its last general meeting of shareholders of EDF. Re-elected director of the group with 96.5% of the votes, Henri Proglio, already designated by the State, has been inducted as the new chairman of EDF. His appointment should be approved definitively by the Council of Ministers on 25 November. The person will thus serve as head of the electrical lights at the end of the month.
Henri Proglio Photo credits: AFP
222
Nicole who? Nicole Notat. The former boss of the CFDT has perhaps gone the media landscape, it nevertheless remains active. She who was the first woman to lead a trade union confederation in France is now CEO of Vigeo, a rating agency social enterprises. She oversees a team to issue ratings of companies based on criteria that are not only financial but also social (wage policy, governance, …) or on sustainable development. Member of the High Authority against Discrimination and for Equality (Halde) – three half-days per month we entrust Does she paid 100 euros each to examine possible cases of discrimination, it is also Member of the Century, a renowned think tank.
Invited Talk Friday on France Info Net (in partnership with lefigaro.fr with lexpress.fr this week), she initially welcomed the decision "wise and good" Jean Sarkozy not to run for the presidency of the Institution public management of Defense (EPAD). "He did not measure what it meant to be called Sarkozy" Justice does, arguing that the case was "ill-fitted" but that its outcome could ultimately serve the individual. In contrast, it rose against the argument of youth and inexperience of the son of the Head of State that would preclude taking the head of the EPAD.
On another topic, suicide France Telecom, Nicole Notat said it was "shocked at the debate on the statistical approach", triggered this week by a statistician INSEE Cross.Asked about the citizen voting held recently on the future of La Poste, she said: "I would not have voted in the sense of loss'. To recall, almost all of the voters said no to the question "The government wants to change the status of La Poste to privatize, do you agree with this project?" A formulation challenged by the right.
Member of the commission that reflects the future large loan, Nicole Notat said, personally – but said this should be the amount suggested by the committee that it should be between 30 and 50 billion euros . A committee should also recommend to borrow at lower cost, ie banks rather than at French.Direction as already outlined by Alain Juppé as Michel Rocard, who headed the commission.
Watch this first sequence devoted to the news of the week:
In the second part of the show, Nicole Notat deplored the continuation of overseas banking practices on the bonus. "Distressing and disturbing," she said while welcoming the steps in the right direction made during the last G20. The President of Vigeo also substantially clarified the mission of his company, his metodes work. A relatively new, little known to the French, who suffered from the financial crisis. "If only we had already criticized," she implored on the tone of the joke, measuring the long road to go to educate the French investissemnt socially repsonse (SRI).Asked about the social ratings of France Telecom, hit by a wave of suicides, in terms of criteria Vigeo, she conceded that it should find it deteriorated.The report on the public company is "being finalized".
The second part of the show:
During the latter part of the show, Nicole Notat responded to questions from users: use of older (she presented a report to Laurent Wauquiez and believes that companies will be behind the goals set by the government), evolution CFDT, role of media work Halde, etc..
The end of the show:
ALSO READ
"The tracks of the great debt to state
Jean Sarkozy resigns the presidency of La Defense
"Big maneuvers to head Unedic
"Good ideas for the employment of older
A new appetite for Responsible Investment
The website Vigéo
"SPECIAL – Net Talk, the previous emissions
222
Comments Off