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Good news for holders of a booklet A. Next Sunday, August 1, the rate of return on investment the most popular in France will increase from 1.25% to 1.75%.
The French plébiscitent more than ever the Livret A. At the end of 2009, there were no fewer than 59.3 million savings books (and blue, distributed by Crédit Mutuel), nearly 65 million inhabitants! If one adds the 600,000 booklets initiated by associations, there are nearly 60 million savings books (59.9 million to be exact). That is 10 million more than 2008 (49.69 million booklets A and blue).The current 60 million books, however, must be qualified because, contrary to what the law says, many French people have more than one account.
The widespread distribution of the Livret A, 1 January 2009, has allowed this very old investment (born 1818) to learn a new youth. "The interchange has resulted in strengthening the collection, especially during the first quarter of 2009, in a context it is true in favor of regulated savings," said Christian Noyer, governor of the Bank of France and President of the Observatory regulated savings. For the record, between August 2008 and February 2009, Book A reported 4% net of taxes!
Young people more attracted
In total, at the end of last year, the outstanding Blue Book A and amounted to 183.4 billion euros, up 11%.Of this amount, "153 billion euros have been collected by distributors historical (the Savings Bank, La Banque Postale and Crédit Mutuel) and 30.3 billion from other banks, which for them represents 18% collection, "said Christian Noyer. This proves that, contrary to what some feared, dealers history have resisted the opening to competition.
Disoriented by the chaotic stock market and uncertain economic climate, investors continue to place their savings passbooks regulated, however low returns.
Despite a slump in June, in the first six months of the year, collecting on the book A and book Sustainable Development (ex-Codevi) remained positive at 990 million euros. This trend should continue and even grow in the coming months.Generally, the higher rates in effect encouraged the French, always very reluctant to risk, to feed their booklets.
In late 2009, 42% of assets were placed on 4.3 million booklets only! In contrast, more than half of the accounts (30 million) were credited with less than 150 euros. Is it because the book A is held mostly by young people (usually minor)? Older people (over 65) it would generally prefer other types of investments, such as life insurance.
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The Livret A rate will be raised in August
"In Depth Life Insurance
The official trading hours may be difficult for Amazon Friday. In after market trading Thursday, the securities are traded on the internet provider declined by almost 15% to 102.55 dollars. After the official closure of Wall Street, Amazon has posted results that disappointed investors.
Of course, earnings rose 45% for its second quarter to 207 million or 45 cents per share. But analysts had predicted earnings of 53 cents per share.As for sales, Amazon will display a turnover of 6.57 billion, exceeding expectations (6.54 billion).
Operating profit rose 71% to 270 million but there is also far from the consensus (320 million estimated).
For the current quarter, Amazon provides billings between 6.9 and 7.6 billion dollars of bad credit payday advance. The operating profit should be between 210 and 310 million showing a margin of 3 to 4% The analysts' estimates were much higher: 361 million expected to be a margin of 5%.
In a statement, Jeff Bezos, founder and CEO of the site says, "We see rapid growth in sales of Kindle, Amazon web services, sales to third parties and retail.""Over the last twelve months, customers worldwide have ordered from their mobile device for over $ 1 billion worth of Amazon," says Jeff Bezos still, he was confident in the potential of Tablet PCs, like the Kindle or the 'iPad, to "become a vehicle extra" sales.
The decline in registrations in France in June already gave an overview of the state's automobile market throughout the European Union (EU). The European Automobile Manufacturers Association (ACEA) has confirmed on Thursday the downward trend by announcing a 6.9% decline in registrations in the EU. In total, 1,341,092 vehicles were registered in June
For June alone, the largest drops are collected by Slovakia (-40.6%), Greece (-39.3%) and Bulgaria (-32.1%). In addition to these countries is Germany, the largest European car market, with a decrease of 32.3% to 289,259 vehicles registered. France, second largest market, recorded a decline of 1.3% lighter.To explain this phenomenon, ACEA highlights the end of support measures for the sector, including the scrapping bonus.
The largest increases were reported in Ireland (75.8%), Portugal (62.5%), Finland (54.6%) or Spain (+25.6%) and United Kingdom (+10.8%).
Diplomatic relations between Switzerland and Germany could still suffer. After the controversial purchase of a CD from Switzerland containing lists of suspected tax evaders in Germany launches massive search operation in the German subsidiary of Swiss bank Credit Suisse. Objective: to update the 1100 alleged customers of the bank suspected of evading taxes, and employees of the bank suspected to have helped.
The raids took place simultaneously in 13 cities and were conducted by 150 officers. Credit Suisse, which remained silent on the subject, has finally reacted by saying "cooperate with the authorities." "This is an ongoing investigation, so we can give more information," says the facility.
Unsurprisingly
Since March 19 this year, the Dusseldorf prosecutor's office suggested that he was investigating cons these clients in the fight against tax evasion carried out by the government. The purchase of the CD has already led almost 12.000à denounce himself, according to last count, in late March.
Credit Suisse is not the only Swiss bank in the sights of German authorities. UBS industry leader, is also subject of an investigation, not prosecution, but the authority of financial sector supervision Authority (BaFin).
Negotiations stalled
These searches involved in full discussions between Bern and Berlin on improving the exchange of information between the two countries my credit score. Both governments wish to reach an agreement that also aims to avoid double taxation.
In late March, the finance ministers of the two states signed a convention in this sense, but it is still not signed. Both governments face difficult issues such as control of German assets placed in Switzerland. A working group has also been mandated to expand the proposals and make findings in the fall.
Meanwhile, the convention is not in force, allowing Germany to put pressure on Swiss institutions. The spokesman for the German Finance Ministry wants yet reassuring: "We assume that the negotiations with Switzerland will continue to be constructive and to unfold in an atmosphere of mutual trust." He says they will, if successful, to "render obsolete" files using File Swiss bank clients stolen and resold.
The German technique is the same as that adopted in respect of Liechtenstein. In 2008, the Secret Service had bought a CD of stolen banking data, to 4.2 million euros. Having conducted several surveys, they managed to uncover many fraudsters, including the former boss of Deutsche Post, Klaus Zumwinkel. Under pressure, Liechtenstein was finally ratified an agreement on exchange of information on German assets located within the principality.
While industrial countries emerging from crisis levels weighted with historically high public debt, emerging markets display patterns much healthier. Their good resistance during the recession of 2009 and an underlying trend towards greater stability has attracted the interest of investors.
"We see a positive snowball effect on emerging market debt: a dozen countries have been under positive outlook by rating agencies, which herald a recovery of notes, analytical Anne-Sophie Girault, a specialist in this Market Aviva Investors. Moody's, Standard & Poor's and others see a positive view of the low debt ratio of developing countries, which averages less than 40% of gross domestic product. Twice as less developed countries.
The emerging markets have also gained credibility in the markets."They have improved their fundamentals, the local central banks are becoming more independent, inflation is under control and steering of public finances is good," Frank J. Nicolas, Natixis AM. And the economic outlook is much better than in Europe, for example.
Result: institutional investors have been interested for nearly ten months to market, providing stability. They take long positions. So far, only hedge funds were present in the short term, making the market very volatile. Today, the market is 360 billion of debt issued in dollars and 1.4 trillion dollars of debt issued in local currency.
Record demand
In this context, the demand for emerging market debt from the investment fund has beaten all records in the first half, according to the calculations of Aviva.At $ 31 billion, it almost reaches the levels of previous years in just five months.
Emerging now are they safe? "These are pseudo-safe investments," says Franck Nicolas. "Beware of Loved tobacco." Clearly, the emerging countries are always a risk of sudden reversal of the situation. And if their fundamentals, growth, inflation, debt-positive, "markets, very nervous now, can still cause a contagion" of the debt crisis in emerging countries, recognizes Anne-Sophie Girault.
Click on the thumbnail to enlarge the graphic
• Transport
– Station: Ticket prices for trains Coral, Intercity and TER (Regional Express Train) will increase an average of 2.5%. This will result in higher ticket from 10 cents to 2.30 euros depending on distance traveled during the trip.
As for the discount cards (cards 12-25, Senior, and Child Escapes +), their prices remain unchanged.
– RATP: The price of individual tickets will go from 1.60 euro to 1.70 euro.
Subscriptions Navigo will also increase, except for packages zone 1-5 and 1-6.The monthly Zones 1 and 2 (Paris and suburbs) rises from 56.60 to 60.40 euros (+6.7%), the zones 1-3 of 74.40 to 78.20 euros (+ 5.1%) and the zones 1 to 4 from 91.70 to 95.50 euros (+4.1%).
• Energy
– Gas: After an initial increase in April, prices will increase again by 2% to 4.7% (about 8 euros per year for those who use gas for hot water and cooking 45 per year for those who use it also for heating)
– Bulbs: As part of the scheduled end of incandescents in the EU to promote energy saving, incandescent lamps of 60 watts are removed from store shelves.Those whose power was 100 watts or more have disappeared from shelves in 2009.
• Bonus for scrap
The premium case is lowered to 500 euros instead of 700 for any car ordered until December 31.
• Stamps
The price of postage for mailings of letters under 20 grams, will increase by two cents from 56-58 cents, an increase of 3.5%.
• Retirement
The index points which is the basis for calculating salary in three public (state, territorial and hospital) must be revalued by 0.5%.
• Unemployment benefits
Allowances of approximately two million unemployed by unemployment insurance compensation will be revalued by 1.2%.
• Communication
– Hadopi: It is from this Thursday that the first warnings will be mailed to users in violation of the law on downloading.
– Phone: The price of calls made and received from another EU country (roaming within Europe) will be reduced to 39 cents per minute excluding VAT cons 43 cent today. Receiving a call will be charged € 0.15 per minute instead of EUR 0.19.The SMS tariff remains unchanged for its 11 cents per message.
• Business and Disability
Firms with more than 20 employees employ any disabled person and took no action to promote employment of disabled people will have their penalties tripled to about 13,000 euros per person missing.
• Livret A
Currently at its lowest level since its inception to 1.25% – Return of the booklet A should move to 1.50% or 1.75% from 1 August by Budget Minister Francois Baroin.
"Our goal is to aim Iran where it hurts most." The words are clear, crisp and sharp. The Democratic majority leader Harry Reid's Senate on Monday spoke uncompromisingly after both houses of Congress last Thursday adopted sanctions against Iran, aimed at forcing the country to abandon its nuclear ambitions.
This series of steps that must still be signed by President Barack Obama seeks to reduce the supply of gasoline to Iran.It involves companies or their affiliates doing business with the country providing refined petroleum products or helping to develop refining capacity.
Christophe de Margerie warned
Thus, Total said, speaking through his spokesman Monday that the suspension of deliveries of petroleum products to Iran, confirming information the website of the Financial Times Sunday. Total joins BP and Royal Dutch Shell in the list of petroleum companies halting oil sales to Iran cash till payday. Last April, Christophe de Margerie, Total's then CEO had said his group would stop sales to Iran if the U.S. legislation penalizing companies providing Teheran in petroleum products was adopted.
The group chaired by Christophe de Margerie declined to say more, including specifying the date of termination of deliveries nor the volumes of oil involved According to a source close to the oil group, it would be "marginal quantities" . To believe the traders interviewed by the Financial Times, shipments have been stopped "about a month ago.
Fourth largest crude producer, Iran lacks refinery on its national soil, and thus depends heavily on imports for its supply of gasoline and refined products.
At the Paris Stock Exchange, Total closed up 0.66% to 38.13 euros in a market up 1.61% to 3576 points.
This will ultimately alone as General Motors, the American auto giant, will assume the restructuring of its German subsidiary Opel. The German manufacturer has indeed withdrawn all applications for public aid claimed to European countries where it operates.
General Motors has "decided to resolve funding issues internally," the group said in a statement after the plea of inadmissibility raised by Berlin to its requests for government guarantees.
"The process is much more complex and much longer than expected," justified the manufacturer, which hopes to "implement quickly (his) plan."
In fact, the German manufacturer is found almost in the situation in November 2008, just before it calls the first time the German government to help paydayloans."General Motors is making a profit and has the capacity" to restructure its subsidiary, has reaffirmed the German Minister of Economy, Rainer Brüderl, who feels "comforted in (its) decision" not to help Opel.
Opel employs approximately 25,000 employees in Germany and it is expected 3,900 job cuts.
So far, Opel refused to consider funding 100% of restructuring by its parent, noting that it had recovered by the U.S. taxpayers' money, she could spend outside the U.S. USA.
"General Motors has demonstrated clear and put an end to speculation and uncertainty for employees," said the chairman of Opel's works council, Klaus Franz, said in a statement.
While Tuesday night, the CAC 40 has once again ended the session down market, the main index of the Paris attempts a rebound after three days of declines.
At the opening, the Paris Bourse is 0.93% at 3411 points, passing the symbolic start of the 3400 points.
In Asia, however, counters Nikkei enrolled in dark red. The Japanese index finished at its lowest in six months. And if the Dow Jones finished up comfortable last night, the Nasdaq index of technology stocks, has been on a decline, showing the confidence of investors vis-à-vis companies that export to Europe.
Another reason to shun the market, the Fitch rating, released Tuesday afternoon, which estimates that the UK is facing fiscal challenges "formidable".
On the foreign exchange market, the euro remains fragile, and still very much under rated $ 1.2 to U.S. $ 1.1934 around 7:30 exatement.In addition, gold has reached a new record Tuesday, beyond $ 1250.
The CAC 40, which ended Tuesday under 3400 points, should continue to decline on Wednesday.According to technical analysis, the benchmark index of the Paris market, which fell under 3381 points, could soon fall below 3,349 points in intraday (that is to say during the meeting), then the line of sight is then fixed at 3290 points.
Growth of European countries to follow
Several European countries will face the second estimate of GDP in the first quarter of 2010, as Belgium, Portugal, Greece and Hungary, etc..
On Wednesday, OPEC, OPEC (Organization of Petroleum Exporting Countries) will release its monthly report just after 12:30.
U.S. Overseas, will be published at 16.30 weekly stocks of crude oil, as Ben Bernanke, the Fed chairman, will now testify before the Budget Committee of the House of Representatives on the economic and financial the federal budget.
EADS: Airbus signs "Order of the Century
Airbus, EADS subsidiary cash "Order of the century. Emirates Airlines will pay 11.5 billion dollars to supplement its fleet of A380s. Titles s'adjugent 2.4% to 16.62 euros.
Remy Cointreau: biggest drop of the SBF 120 The spirits group has published results from 2009 to 2010 a little worse than expected, with organic growth of EBIT by 7.2%, slightly below expectations consensus. The net result is in line with expectations, and the group confirms its growth prospects. In exchange, the current loose 2.6% 41.85 euros.
Ingenico, one of the largest increases The French manufacturer of payment terminals, the world, is a sales "more than one billion euros" in 2013, against 700 million in 2009.The shares climbed 4.3% to 17.2 euros.
Vivendi: -0.78% to 16.44 euros The stock market authorities of the country believe that the group had misinformed the market to buy GVT. The fine could reach 1.3 billion euros, according to the Brazilian press.
France Telecom: 1.1% to 15.3 euros a surprise move in the soap opera twists in the takeover of the newspaper Le Monde. After the trio led by Matthew Pigasse, Pierre Berge, Xavier Niel is Orange on the scene.Stéphane Richard, CEO of France Telecom, has expressed interest in an industrial partnership with Le Monde in an interview with Reuters.
The group will hold its general meeting this Wednesday.
Total: 1.25% to 38.1 euros United Arab Emirates are expected to sign Wednesday with the French Total and the Spanish Abengoa an agreement to build a solar power plant of 100 megawatts (MW) for $ 600 million ( 500 million euros), the Financial Times.
GDF Suez: 0.33% to 24.5 euros GDF Suez will spend 300 million euros to take control of its joint venture with Societe Generale, Gaselys to become a European leader in the trading of gas and Energy, said Wednesday the newspaper Les Echos
Dassault Systemes: +1.6% to 48.3 euros The group announced the acquisition for about 130 million euros of Exalead, a French company specialized in solutions research and access to corporate information and Internet.
ArcelorMittal has initiated the Natixis group couverturedu diversified steelmaker with an opinion "buy" and a target price of 34 euros, or appreciation potential of more than 50%.
Rodriguez Group, the CEO still in custody
The action was suspended on Tuesday at the request of the designer of yachts and pending a statement.Its president is in custody in police stations Marseille, after a crackdown against organized crime.
Property Regions: -0.31% to 71.2 euros The group off his special dividend (3.30 euros + six shares of Beni Stabili) after the closing, prior to the listing of its Italian subsidiary to the Paris Bourse, which starts Friday.
Wendel: +1.1% to 41 euros Wendel Participations, which groups the interests of family shareholders Wendel, holds its General Assembly (GA) on Wednesday. Questions remain about the governance and financial benefits granted to executives, said Sophie Boegner, a member of the family, on the eve of the GA.
OL Groupe: 1.23% to 8.2 eurosLe band announced the arrival of Philippe Sauze, currently vice president Europe, the U.S. company Electronic Arts, the world leader in the videogame industry, as Director General from 1st of July.
Electricity The electricity bill threatens to fly. ERDF, a subsidiary of EDF in charge of distribution, said that the cost initially calculated, ie 120 euros per household, is still relevant. An envelope 4-5000000000 euros to finance the whole operation. However, according to the Federation of local communities, this amount could be twice as high.
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