"Our strong reaction from the outset of the crisis to maintain our competitiveness and the development of offensive trade allow us to benefit from the initial effects of the global economic recovery," said Francois-Henri Pinault President and CEO of PPR said in a statement. Earnings from operations also increased from 20.7% to 708 million euros.

"Good prospects"

The weight of the activity of PPR International has indeed continued to grow in the first half, representing 60.5% of the turnover of the group against 59.7% a year ago. Emerging countries in particular have contributed to make the results of PPR, with trading up 11.3%. Gucci now 40% of its sales in emerging countries, against 36% a year ago.

As its competitors in the luxury, like Hermes, LVMH and Burburry PPR announces results improved versus the first quarter 2010, reflecting the fact that the sector enjoys full recovery. The luxury division of PPR, Gucci Group (Gucci, Yves Saint Laurent, Bottega Veneta, Boucheron …) recorded an increase of 11.1% of its turnover to 1.82 billion euros. Less than Hermes, however, who announced last week a turnover up 23% over the first half of 2009.Francois-Henri Pinault, however, anticipates "good prospects", in the short and medium term.

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.

ALSO READ:

The Livret A rate will be raised in August

"In Depth Life Insurance

Based on list prices, purely indicative, orders placed by the two manufacturers accounted for a turnover of about 23.65 billion dollars (17.85 billion euros) in the middle of the afternoon.

While Boeing has logged 70 orders for aircraft for a total of about 12 billion dollars, Airbus announced Monday it had received 122 aircraft orders totaling nearly 11.64 billion. In detail, the Russian airline Aeroflot has placed an order for 11 A330-300, or approximately $ 2.34 billion.(See

Air Lease Corp., a company leasing and financing aircraft, confirmed it had ordered 31 Airbus A320s (2.52 billion dollars) and 20 A321-200 ($ 1.91 billion), representing a total 4.43 billion for these 51 aircraft no fax cash loans.

"In the current environment, reducing operating costs and fuel consumption, respect for the environment and maximum operational flexibility, are also advantages for the airlines. The latest versions of the Airbus single aisle family go far beyond the highest standards, "said Steven F. Udvar-Hazy, CEO of Air Lease Corporation.

Another company leasing and financing aircraft, Gecas, a subsidiary of General Electric, bought 60 A320 family aircraft for an amount valued at about 4.88 billion dollars.Earlier, Gecas Boeing announced an order for 40 new generation 737s in a transaction valued three billion dollars.

The U.S. giant has also received a command that could exceed nine billion dollars for 30 Boeing 777-300 from the Emirates.

In addition, Boeing has said that India could gain 10-12 additional Boeing C-17 plus 10 already planned.

To emphasize the installation of these centers in France, the Secretary of State may well introduce a surcharge "of calls from sites located abroad.Conversely, companies deciding to keep their call centers in France would receive the "nudges" as aid in recruitment, training, installation in rural areas or relief from social security contributions, believes Learn daily.

More transparency

Laurent Wauquiez would generally aim to "make practices more transparent" left to prepare "a list of poor performers. The fight against the relocation, however, looks very difficult. According to latest estimates, dating to 2008, the Union of professional contact center (SP2C), an employee of a call center Morocco is for example paid between 400 and 450 euros a month against a minimum of 1320 euro gross France (including bonuses and thirteenth month).The battle is also likely to face the refusal of the Commission in Brussels which could object to these tax measures.

ALSO READ:

"Teleperformance eliminates 830 positions

"Call Centre: Orange treats living

Georges Tron – We want a clear and equitable reform. Nothing justifies to contribute three points behind, having comparable pensions. This represents an increase of 6 euros of contributions, on an average salary of 2000 euros a month for ten years.

The calculation of the pension on the last six months of salary, instead of twenty-five best years, is also a symbol of inequity for the opinion …

Wrongly so, if you look calmly at things! We are in a very specific body, grades, levels, indices, with premiums that are excluded from the calculation of the pension.The only question worth asking is: these rules they generate large differences in pay and pensions? The answer is no.

Why have kept "active groups" instead of applying to civil servants the opportunity to retire early for hardship, which will soon be applied in the private sector?

Occupations in uniform (police, firefighters, prison guards …) can effectively retire at 50 or 55 years. It is an old way to take into account how hard these jobs, which nobody denies. The classes are kept active but these floors will be carried over age two years, as for everyone.

You open next Friday, a salary negotiation. Bercy pushes you to a freezing point index.The 0.5% increase for July 1, promised two years ago by Éric Woerth, Will it be good?

While it is important to keep its commitments, we must be lucid about the state of public accounts. This first session will assess the progress of the purchasing power of workers in 2009 and expected for 2010. Based on this diagnosis, I hope shared with the unions, we will be open to discussion. One thing is certain: the issue of pensions is, Eric Woerth and I disconnected from that of wages. There is no question of compensating the first by the second. This would immediately cancel the legitimate efforts and gradual asked officials on pensions, that nobody would understand.

ALSO READ:

"Retirement at age 62: the project is on the table

"Pensions: a majority of French opposed the reform

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.

In a video interview published in the Financial Times, Li Daokui, professor at Tsinghua University (located in the northwest suburbs of Beijing) and member of the Monetary Policy Committee of the People's Bank of China, said that "the problem housing in China is actually much more fundamental and more important as the housing market in the United States and the United Kingdom before the financial crisis. " He said "it is not only a problem of a bubble.

A "social problem"

Soaring property prices may lead to "social problems of great magnitude," Li Daokui analysis. What would happen is China, at a time when wage demands and strikes have taken center stage in recent days. "When prices start to rise, many people, especially youth, are becoming very concerned." The home ownership, which already applies to few households would be increasingly difficult in the current euphoria estate .

The authorities have announced a round of measures since last January in order to stop the burning of property prices. The state has already imposed restrictions on sales of apartments, including the introduction of "flat shop" in Beijing. He has also taken steps to tighten credit flowing.New loans granted by banks in April, however, have reached 774 billion yuan (87.7 billion euros), or 182.2 billion more than in April 2009. Finally, the government announced the "gradual" introduction of a tax on real property.

Reform at the local level

To advise the Central Bank, this range of measures is a "first step", which will control real estate speculation. But it must involve "a long-term reform" of the Chinese real estate market, warns Li Daokui. "The second stage will address the supply problem." According to the professor, steps should be taken in the second semester or early next year to encourage local governments to provide housing for households moderate and low wage.For now, local authorities prefer to sell their land to generate revenue, Li Daokui regrets.

For him, the tax on housing advertised nationally is not a solution because it may further exclude households in the housing market. An opinion shared by Axa Investment Managers. In his weekly memo, the economist Hervé Lievore points to the "vicious cycle" moved "between investors, developers and local communities," the potential to fuel a "social discontent." Believing that the policy implemented by Beijing makes sense, analysts at Societe Generale also stress the need to manage the supply of real estate in order to curb rising prices and facilitate the accession of China to the property.

ALSO READ

The social revolt was growing among the world's workshop

"China fears a housing bubble

The city of Beijing will impose unique apartment

Like last week, the attraction of gold can not be denied on the markets. Despite the aid plan of 750 billion euros earmarked by the European heads of state, investors worried and rushed to gold. The gold chains the record: the rising price ended at 1249.40 dollars, never seen on the London market which serves a global reference. On the London Bullion Market, an ounce of gold ended Friday at 1236.50 dollars at auction Friday night, cons 1202.50 dollars the previous Friday.

In its wake, the money is increased to a level it had attained over the past two years.The gray metal rose Thursday to 19.64 dollars, not far from $ 20 per ounce reached in March 2008, to finally finish the week at 19.64 dollars Friday.

Stimulated by the gold and silver, platinum group metals have rebounded after falling last week, victims of the strengthening dollar. On the London Platinum and Palladium Market, an ounce of platinum finished in 1721 dollars Friday. In turn, an ounce of palladium finished $ 536.

The dominant concern in oil markets

The continued turmoil in oil markets. The prices fell Friday to their lowest levels in three months to 70.83 dollars. On the Nymex, a barrel of light sweet crude for June delivery finished at 71.61 dollars, down 2.79 dollars compared to Thursday. Prices have been a difficult week, leaving more than $ 5 in four sessions.They are well below the levels of early April, when the barrel was mounted to $ 87. In London, Brent crude ended Friday at 77.20 dollars, yielding 2.93% on the week.

As the equity markets, the euphoria that had raised prices Monday has not taken very long. The markets saw a dim announced the austerity policies that could lead to a slowdown in oil demand. Moreover, the continuing fall of the single European currency, which fell Friday to its lowest level since October 2008 (1.2359 dollars), weighs heavily on the markets.

In addition, crude oil reserves rose 1.9 million barrels during the week ended May 7, two times more than expected.

Week of mixed fortunes for base metals

On the London Metal Exchange (LME), the week has been more troubled.Investors fear the rigors of European policies that could dampen growth. In addition, China has caused confusion by announcing lower than expected macroeconomic data: the rate of growth of China's industrial output slowed in April, rising 17.8% year on year, after 18.1% March.

Copper, considered a barometer of the market ended the week slightly up to 6955 dollars per tonne. The aluminum stabilized this week at 2,093 dollars per tonne against 2,090 dollars the previous week.Zinc, nickel and lead have declined by 1.8% to 2.050 dollars per tonne, from 3% to 21,650 dollars per tonne and 2.4% in 1950 dollars.

Agricultural raw materials: sugar recovers

On Liffe in London, a tonne of white sugar for August delivery was worth 470 pounds on Friday against 435.80 pounds a ton for the same term last Friday. On the NYBOT U.S. a pound of raw sugar for July delivery was worth 14.88 cents against 13.64 cents a week earlier. But the euphoria is unlikely to last. The International Sugar Organisation (ISO) said Thursday he expected a surplus in 2010-2011 of nearly 2.5 million tonnes. Production is expected to grow in Brazil, India, Mexico.

For his part, cocoa was penalized by the strengthening dollar and profit taking. There is also an expected production increase in Brazil.Prices fell to 2,212 pounds per tonne in London and 2852 dollars in New York, respectively, the lowest since three weeks and a month. They ended the week at 2,232 pounds on Liffe and 2858 dollars on NYBOT.

Moreover, prices of wheat, corn and soybeans fell this week in Chicago, penalized by the rapid advance of planting in the United States. May 2, 68% corn, 60% of spring wheat and 15% of soybeans had been planted against respectively 40%, 47% and 8% on average over the past five years. In addition, the rising dollar makes U.S. production less attractive to export than those in Europe. The contract of corn for July delivery ended Friday at $ 3.63 and lost 2.4% on the week.The contract of soybeans in the same maturity fell to 9.53 dollars per bushel (-0.7%) while the wheat contract ended at U.S. $ 4.71 (-7.6%).

ALSO READ:

The gold stands at around 1,240 dollars per ounce

In an environment where financial markets are concerned about the explosion of debt and deficits States, Christine Lagarde said that this contribution has "no direct impact on either the level of deficit or the debt according Maastricht, since these are the guarantees that would be activated in case of default. "

The economy minister also reaffirmed that France "will take its commitment to reduce the deficit to 6% of GDP in 2011 and 3% in 2013.

Meeting in Brussels this weekend, the EU finance ministers agreed on a total of 500 billion euros. This plan includes a large fund of 60 billion euros plus a special mechanism of 440 billion euros in loan guarantees.

ALSO READ:

The EU agrees on funding of 750 billion euros

Trade unions, left parties and student organizations have called for the streets, in the words of the secretary general of the CGT Bernard Thibault, "create a balance of power in discussion" with the government. The pension reform is expected before the end of the year and a new appointment office at the Elysee Palace will be held prior May 10

According to the CGT, more than 280 parades are planned throughout France. The Paris demonstration must rush early in the afternoon instead of the Republic.

For its part, Workers Power revives the tradition by going it alone.The secretary general of the union, Jean-Claude Mailly, said Saturday morning on Europe-1 radio that "the repeated demonstrations will not shake the government" on the proposed pension reform.

"Putting pressure on politicians'

In Toulouse, about 5,000 people, police, 6,000 according to organizers, marched in the rain Saturday morning, behind a banner of the Inter-CGT, CFDT, FSU, UNSA and Solidarity proclaiming: "All public-private sector jobs, wages, pensions and retirement. A procession much shorter than last year, when there were between 15,000 and 30,000 participants according to sources.

The mobilization was also low in Lyon, under a rainy sky, where vendors thrush in haste mingled with the demonstrators Guaranteed online payday loans.

In Lille, where the procession is gone by late morning, between 2000-3000 people marched. "I come to defend pensions, it worries me a lot for young people, I am already retired but what will happen to young people?" Said Benoit Evrard, a retired banker of 62 years. "I am the parades since 1968. It is important to do this kind of demonstration. " This puts pressure on politicians.

About 3,000 people marched behind a banner in Strasbourg Inter CGT, CFDT, UNSA, FSU. There was little slogans – replaced by sonos – and banners in a parade where the theme of pensions was not particularly present.

In Nice, 2,300 people marched, according to police and organizers. On the hood of a car was installed a model wearing a mask representing President Nicolas Sarkozy, with counterfeit notes in the pockets flying in the wind."Hits enough that society that does that unemployment and precariousness, fattens the shareholders and spreads poverty, have launched the demonstrators.

In Nantes, the Inter counted 5,000 demonstrators in the city center, against 3700 for the police. "It's worse than last year, but it remains a good May 1, Marie-Claude analyzed Robin, departmental secretary of the CGT in Loire-Atlantique.

"The issue of pensions is not yet in every head. Yet now he must take action: the case will go to Cabinet before the summer. In July-August, it will be too late, "she warned.