Archive for the 'special' Category
Often criticized by customers, the outsourcing of call centers to foreign countries is becoming a government priority. According to Le Parisien on Sunday, the record has been taken over by the Secretary of State for Employment Laurent Wauquiez. The latter is studying a plan of action to fight against the leakage of these jobs outside French territory.
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.
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LE FIGARO – The backbone of "retirement" is specific to staff align their contribution rate over that of private sector employees. Why?
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.
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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.
Concern swells in China. While inflation has risen another 2.8% in April, house prices have soared 12.8% last month, their sharpest rise in five years. The measures launched in recent months by the central government to cool the Chinese economy struggling to reassure. So much so that some Chinese personalities out of their usual reserve to sound the alarm.
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.
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Gold broke his own record
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%).
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In an interview published Tuesday in the daily Les Echos, Christine Lagarde, economy minister, said France will contribute "approximately 90 billion euros" to support fund for countries in the euro area in need. The Minister said that this figure was calculated "based on the share of France in the capital of the European Central Bank, about 20%.
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.
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Thousands of people began to protest Saturday in France on the occasion of May 1st this year placed under the sign of the defense of employment, purchasing power and especially pensions.
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.
Greece, Portugal and Spain. Southern Europe continues to frighten the markets. The Spanish saw its debt rating one notch worse, with a negative outlook.
Between degradation rate and retention Note
During a joint press conference yesterday, Jean-Claude Trichet, president of the European Central Bank, and Dominique Strauss-Kahn, director of the International Monetary Fund, have called on Germany to take an expeditious decision on aid Greece. Both men say they are confident. German Chancellor Angela Merkel seems he heard the message, since it has declared its intention to activate "as quickly as possible" aid plan.
Fortunately, a decision from the United States has been somewhat reassure financial markets. The Fed has indeed confirmed keep interest rates low for a "prolonged period". And this, despite a rapid recovery of the economy.In this context, the Paris markets are cautious. Around 10:30 am, the CAC 40 rose 0.52% to 3806.81 points. At the London Stock Exchange, the FTSE-100 gained 0.55% to 5617.19 points, the Frankfurt Stock Exchange, the DAX 30 in advance from 0.30% to 6102.59 points.
After two sessions of sharp declines, the bank stocks are returning to earnings. BNP Paribas gained 1.55% to 51.77 euros, Dexia advance of 1.22% to 4.15 euros and Societe Generale was up 0.45% to 41.10 euros. In contrast, Credit Agricole, which said Wednesday night that its exposure to sovereign risk in Greece amounted to EUR 850 million, lost 0.32% to 11.02 euros.
CAC 40: Pernod-Ricard in mind, PPR red lantern
Among the values that have posted Wednesday, PPR has returned to growth in the first quarter after five consecutive quarters of downturn, and said Tuesday anticipate a further acceleration in sales during the year. However, PPR shares fell sharply from 2.65% to 101.20 euros, the biggest drop in the CAC 40.
The Thursday is rich in quarterly publications: ArcelorMittal (-1.80% to 30.58 euros) reported a net profit decline of 36.6% in first quarter 2010 over fourth quarter 2009.
France Telecom (1.44% 16.57 EUR) has published a turnover down 2% in the first quarter of 2010, in line with market expectations.
The result of Sanofi-Aventis (-0.67% to 51.53 euros) rose 9.7% to 2.4 billion euros in first quarter 2010 against a consensus of 2.28 billion euros.
Bull (0.62% to 3.23 euros) saw its sales boosted by the acquisition of Amesys, a company specializing in security systems: its sales rose 9.4% against 0.6 % off-Amesys.
Pernod Ricard has announced an increase of 14% of its turnover for the third quarter of 2010 of its fiscal year 2009-2010 to offset 1.5 billion euros.Pernod Ricard shares climbed 3.70% to 65.32 euros, the largest increase in the CAC 40.
The results of Vivendi (0.87% to 19.61 euros), AXA (-0.89% at 15.01 euros), Bouygues (0.60% to 36.89 euros), Areva (-1, 32% to 375 euros) or Michelin (-0.38% to 52.30 euros) are also expected.
Renault (-1.47% to 34.24 euros) has announced the acquisition of interests between the group, its Japanese partner Nissan and Germany's Daimler had been made Wednesday. The three groups have formalized their alliance in early April for three to share technologies and reduce costs.
The U.S. unemployment statistics in the heart of the day
On the macroeconomic front, the day will, however, less responsible.By midmorning, the German Federal Labour Office has reported a decline of 68,000 in the number of jobseekers in seasonally adjusted data, to 3.285 million, while economists were expecting an average decline of 10,000. Around 14:30, the investors will also monitor the weekly claims for unemployment benefits in the United States, and economic confidence in April in the euro area.
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Investors reacted to the record deficit released yesterday. The U.S. federal government announced after the close of Wall Street have posted a record budget deficit of 220.909 billion dollars in February, its seventeenth consecutive month in the red, according to figures released Wednesday by the Treasury Department in Washington. At the opening, the Nasdaq 100 and S & P 500 retreat respectively of 0.31% at 2,350 points from 0.24% to 1 143 points. The Dow Jones folds himself from 0.09% at 10,542 points.
The day before the stock markets had closed rather green, but no clear trend.On Wednesday, crude oil inventories rose last week in the U.S., but slightly below estimates, while those of gasoline and distillate products fell sharply, said Wednesday the U.S. Department of Energy ( DoE).
Inflation worries also Chinese
The downward trend is also due on Thursday by the Chinese inflation, which rose sharply. The index of consumer prices in China rose 2.7% yoy in February, bringing its rise since the beginning of the year at 2.1%. But to avoid a runaway, Beijing has already begun to tighten credit flowing.
Earlier this week, the employment numbers came out less bad than expected but the labor market remains very weak low fee payday loans . The unemployment rate remained steady at 9.7%, consistent with him, forecasts.
The rest of the week market in the United States will be under the sign consumer with the publication tomorrow of the sales details for the month of February and the preliminary estimate of consumer confidence.
General Motors will pay $ 8 billion
The values listed, General Motors will pay about $ 8 billion in the United States and Canada by June, ahead of schedule. The group observed a recovery in profitability faster than expected according to its director general.
Google (+0.34%) 578.4 dollars) still enjoys the presentation by Cisco (-0.36% to 25.8 U.S. dollars) in its new router, it will provide increased flows to households A key element for the activity distribution of video on the web from Google.
McDonald's has confirmed again and again his leadership.The giant U.S. fast food announced earlier this week that its worldwide sales rose 4.8% in February with a jump of 10.5% in Asia. The titles are perfectly balanced in the first exchanges.
5 000 participants in round tables, 800 proposals from across the territory, hours of debate … Put the issue of competitiveness at the heart of the debate: it was the whole purpose of the General Industry. Today, while traveling at Eurocopter in Marignane (Bouches-du-Rhone), Nicolas Sarkozy will close the first phase of work completed since last October by announcing a series of steps to a new industrial policy 'ambitious, powerful and consistent, in the words recently used by the Elysee.
I must say it is urgent.Beyond the occasional cases in which the government provides the voice for several months (Heuliez, Molex, Total …), de-industrialization of the country is evident for several years: between 1980 and 2007 its contribution to national wealth rose by 24 % to 14% and, over this period, its numbers have melted to a trickle, from 5.32 million to 3.41 million – a drop of 36% of its workforce, according to estimates by the Treasury Department.
Accompanied on Thursday morning from the Minister of Economy Christine Lagarde, and his industry colleagues, Christian Estrosi, the head of state should take over the main proposals ginned in recent months by the companies themselves, partners social and ministers themselves.
To restore the industrial base of France, the government initially advocated a policy of industry.Because it takes a more balanced relationship between contractors and subcontractors, instead of a relationship "to dominate dominated" commonplace today. The establishment of investment funds sector for the most strategic channels to digital, energy, transportation, pharmacy … – with the participation of principals, should be announced.
Governments also want to encourage employment – particularly in developing mentoring by senior citizens and reorganizing the training – and the location in France of production tools and research."It is not normal that BMW produces nearly three quarters of its cars in Germany and Renault do not produce only 25% in France, likes to cite the example of Christian Estrosi.
On the one billion euros dedicated to general statements in the large loan, 185 million have also been planned to provide repayable loans to companies wishing to reinvest in France. A total of 500 million for loans at subsidized rates for green investments is also provided in this framework.
Innovation, a perpetuation of the current form of research tax credit – at least for SMEs – would be announced today. The CIR could also be extended to expenditure standards, patents and prototypes. One idea that won almost unanimous support.In one detail, cost: about one billion euros.
"Do not close the file"
For the CGT – including metallurgy and chemical federations call for day of action Thursday for the defense of employment in the industry – "the government should not close the file of the General Industry (…) After a speech by President of the Republic. "
This is unlikely to be the case … In fact, some people put on the table at the conclusion of the General Industry require further reflection. Especially the financing industry. Ways to redirect part of the French savings to industry, SMEs and unlisted companies should be studied by the summer.Such a new method of financing social protection, less work-related, too.
Time, it will also need a bit to play a proactive role at European level in order to convince the Member States of the need for a common industrial policy.
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