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The files stolen by Herve Falciani the Swiss subsidiary of HSBC bank, and who found themselves in the hands of justice and the French tax authorities have been decrypted. A total of 172,000 accounts have been identified, held by 79,000 people, including 8,231 French. The prosecutor of Nice, Eric de Montgolfier, announced Tuesday evening.

It is well beyond what had been said, on March 11 last, the CEO of HSBC Private Bank, Alexander Zeller. The theft "committed by an employee of the department about three years ago, could affect some 15,000 customers," he declared at a news conference.Regarding the French, it is also far escaped the 3000 tax raised by Eric Woerth, budget minister last summer.

Return a long history

The French court before January 20, 2009 at the home of French Herve Falciani encrypted computer files containing a list of accounts held by customers of HSBC. The search was conducted as part of a request by Swiss judicial authorities, suspecting the employee of misappropriation of confidential data between 2006 and 2007.

But before passing to the Swiss – after a standoff of several months – French investigators have analyzed the content of these seizures, which have proved of great interest for justice and the French tax authorities.Prosecutors in Nice opened an investigation for money laundering and tax administration has used the data to identify suspected fraudsters cash advance to savings account.

The Battle of France

Shareholders who were illegally will pay for it keeps those who do not. Of the 6 billion euros of capital identified in the accounts in Switzerland, 700 million penalty in 2010 will be released. And 700 million euros will be refunded to taxpayers whose tax exceeds 50% of revenues.

In Italy, the method was different. Silvio Berlusconi has been voted an amnesty which showed 95 billion euros of capital and reported $ 6 billion in the Italian Treasury.

But the amnesty is not on the agenda in France. "Because the amnesty called fraud until the next amnesty," said Eric Woerth.

Italy on the alert

"Prosecutors in Turin we sent a request for mutual legal enforcement. He asked to get copies of the data we have captured, "said Eric de Montgolfier. According to the prosecutor, the Italian justice has opened an investigation for tax evasion.

The decoding of stolen files revealed the names of 7,094 Italians.

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Prices continued to rise slightly in March. The index of consumer prices, as calculated by INSEE, rose 0.5% over the last month, after +0.6% in February. In one year, the index rose 1.6%.

"The higher prices in March comes, firstly, the increase in prices of manufactures (+08%) mainly because of the end of winter sales and, secondly, the sharp rise in oil prices (+3.5%), "INSEE said. The waltz of the labels has also affected the vegetables.

Please note, car prices rose 1.7%, "the purpose of promotion is more important as new developments," according to INSEE.

After months of twists, Axa announced Tuesday an agreement on the ultimate fate of its subsidiary AXA Asia Pacific Holdings (APH) is listed on the Sydney Stock Exchange. The group of Henri de Castries will sell 54% stake in the company since 1999 at the National Australia Bank (NAB). The bank and the insurance company will then share the French society: the assets of New Zealand and Australia for the NAB, the life insurance companies in Asia, representing approximately 70% of the total, for Axa.

Axa has wanted for years to simplify its relationship with the subsidiary remote. A first attempt to exit the minority shareholders had failed in 2004.

Five years later, the insurer has retried chance. Initially, he hoped to finish the deal with the asset manager of Sydney AMP.

But the scenario presented well oiled by the two partners in November last year had struck again to the independent directors of APH. They found insufficient supply of AMP.

The current buyer NAB had then, to everyone's surprise, invited in the negotiations. On 17 December he announced he had convinced the board of directors of APH with a slight improvement but also provides a payment in cash.

The arrival of the NAB has been even better received in Paris that the bank was modeled on the terms negotiated between AXA and AMP. The French insurer must pay a total of 2.2 billion Australian dollars (1.4 billion euros).This amount represents the difference between the price paid by AXA to buy the Asian assets and the value of the sale of 54% of Axa Asia Pacific.

Gain of 700 million

The exclusive agreement which bound to AMP Axa fell on February 6. AMP did not wish to re-evaluate its offer, Axa was then entered into negotiations with NAB. Since then, the two groups have worked on tax, financial, human resources … prior to the split of APH. The competition authorities should then give their opinion on April 22. Their permission is not granted because the NAB has completed several acquisitions in recent months. If the green light was obtained though the sale of AXA Asia Pacific is expected to close by the end of the summer.

Axa had raised 2 billion euros in November to fund the operation without tension.She will pocket a profit of 700 million euros and will not degrade very marginally its solvency ratio. AXA strengthens its position especially in emerging countries, by acquiring 100% of its life insurance subsidiaries in Hong Kong, Singapore, Malaysia, Indonesia, Thailand … Following the operation, 24% of new business volume group (life insurance) will come from emerging countries, against 15% a year earlier.

The year 2010 promises to be an already exceptional year in terms of operations of acquisitions in the insurance industry. Prudential and MetLife signed historical transactions with the former life insurance subsidiaries of AIG paid respectively 35.5 and 15.5 billion dollars. The takeover by Axa Asia Pacific NAB for about $ 11 billion in third place.

While Asian markets are changing this Friday morning in the wake of the rise on Wall Street Thursday night, the Paris Bourse their cue from opening, posting an increase of 0.75%. the CAC 40 and the bar returns of 4000 points, 4008 points exactly.

Thursday evening, the CAC 40 lost 1.2% and has crossed back to the lower threshold of 4000 points. The other major stock markets fell back in unison. In London the FTSE lost 0.86% while in Frankfurt the Dax has yielded 0.81% at closing.Note that the LSE has found its place in the first quarter from a number of European IPOs, according to PriceWaterhouseCoopers.

The concern of financial markets is felt continually faced with the fragility of public finances of several countries, particularly Greece.

Statistics in Europe

This Friday the INSEE published before the commencement of trading, industrial production for the month of February. The same statistics institute will release the results of its monthly surveys of the European economy for March, at noon. Other indicators monitored by the markets, the index of cost of construction, and commercial rents in the fourth quarter.

In Germany, foreign trade for the month of February will be announced at 8 o'clock.In the United Kingdom, are the producer prices in March which will be published.

In the United States, no statistics major is expected on Friday.

France Telecom provided by the Paris court

France Info radio said the prosecutor of Paris will open a judicial inquiry after the 35 suicides by employees of France Telecom.

Air France posted a traffic increase of 4.7% for the month of March, the first since a year now payday loans. Titles climbed 3.03% to 12.23 euros. The group remains to Ryanair. To also monitor the impact on the airline industry's consolidation movement that hovers now. According to the American press, U.S. Airways and United Airlines are considering a reconciliation. In addition, British Airways and Iberia have finalized their merger agreement.

Areva (-0.17%) and EDF (0.57%) would participate in the growth of nuclear power in Italy. Several agreements have to be signed on Friday between French and Italian companies in the sector reported the Financial Times.

The specialist luxury yacht Rodriguez returned Thursday after the stock market success of the restructuring of its debt. The share price rose yesterday by more than 138.97%. This Friday they are still 9.5%.

Renault, Nissan and its Japanese partner the Italian energy group Enel signed Thursday a Memorandum of Understanding for the development in Italy of charging infrastructure for electric vehicles. The Renault shares gain 0.94%, to 36 euros in early trade.

Cegid, publisher of management software, announced a 7% decline in net sales in the first quarter to 58 million euros and a gross margin of 87.9% against 87.5% a year earlier.In exchange, Cegid loses 1.34%, to 22.09 euros.

French Cement (3.94%, to 77.6 euros) announces that its takeover bid for all or part of its 2002 and 2006 private placements with U.S. investors is now closed. French Cement will then redeem all shares tendered at a price of 1 065 dollars for each security with a face value of 1 000 dollars. The funds to purchase securities were placed at the disposal of the company and its subsidiary Italcementi Italcementi Finance.

As he finished 2009 with growth of 6% while it had begun with a fall of 14.5% in the first quarter, Turkey began a spectacular end to the crisis that has been entered in the recession a year ago. For 2010, the IMF puts growth in Turkish head of those emerging countries.

It has these good results and promising of these forecasts, the Turkish prime minister's visit to France, boast of the advantages of its economy. Over two hundred French entrepreneurs must meet Recep Tayyip Erdogan Medef Wednesday afternoon.

France is the second largest foreign investor in Turkey, with 593 million euros invested in 2009, while Renault has traditionally absorbs about a quarter. All the major French companies now rely on the potential of the 17th world economy.Leroy Merlin opened last week its first store in Bursa, a city in the West, Alcatel has opened a research and development center in Istanbul in March, Accor already has eight hotels and Axa is the first insurance company .

The weak link of the French presence remains that of SMEs. Only 40% of the 325 French companies are SMEs, disability compared to the Germans or Italians. However, "intensive trade between the chambers of commerce and regional partnerships are being put in place," says Raphael Esposito, director of the French Chamber of Commerce in Turkey payday loan online.The environment sector looks particularly promising: the investment required for compliance with European standards is estimated at 70 billion euros in the next decade.

GDF ranks in Istanbul

Last year, bilateral trade totaled nearly 10 billion euros – the goal is to reach 15 billion euros in 2012 – and France became the 6th supplier of Turkey and its second largest client. "The sales volume has risen despite the crisis, welcomed a Turkish businessman T?siad member of the influential business association. Tensions are benefits and political tensions between the two countries save us. " In 2006, a bill to criminalize denial of Armenian genocide triggered a boycott of hexagonal Turkey.Paris's opposition to its entry into the European Union is still felt in the public tenders. Gaz de France is in line for the privatization of gas distribution network of Istanbul. But it is the Koreans who have signed a preliminary agreement in March to build the first nuclear power plant in Turkey.

Finally, the Franco-Turkish partnership in third countries represent a new avenue of cooperation. The French can benefit from the settlement of Turks in the Middle East and Central Asia and the Turks take advantage of the French presence in North Africa.

What a pleasant surprise! In March, the barometer of the moral frameworks (- 26) has won eight points from February, regaining its 2005 level. "This result is exceptional in scope and that ends the period of depression began in the fall of 2008, is a bundle of factors, both macro and micro," said Francois Miquet-Marty, president of ViaVoice.

Last month, the number of unemployed has increased by "only" 0.1% and the Prime Minister said that the unemployment curve "should be reversed" this year.

In this context, the pessimism fades frames. They are more than 23% against 28% a month earlier, suggests that the number of unemployed would "increase significantly" in the coming months. It's the same for the outlook for living standards. The frames provide a breakdown is no longer the majority (45% against 51% in February).

Occupational mobility

Moreover, two important indicators, as forming part of life, experiencing a frank improvement. Thus, 25% of executives (+ 7 points) believe that opportunities to advance their careers in the coming months "will be important" and 18% (+5 points) than their financial situation "will improve".

Regional elections have also played a role in improving the morale of white-collar. "Their result has reassured the French left's ability to register their camp in a dynamic of conquest of power and those on the right on the determination of the President of the Republic to maintain focus and to pursue reforms, with the exception of the carbon tax, "said Francois Miquet-Marty. Asked about the place and role of higher education, executives claim, massively, more money for it.Eight out of ten consider, in fact, that France "does not invest enough" in this teaching.

On effectiveness, their opinion is also positive. Seven in ten "confidence" in higher education to deliver a broad general education and a narrow majority (52%), they also make it "trust" to prepare young people for the job.

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This is the best figure since the beginning of the crisis. The U.S. economy created 162,000 jobs in March, according to the Ministry of Labour. Economists s'attentaient to nearly 180,000 net new jobs. The unemployment rate, calculated on a different basis, it has remained stable at 9.7%.

In addition, the Ministry of Labour has revised upward the employment figures for January and February, respectively, and -26,000 to 14,000 -36,000 to -14,000.

Despite renewed dynamism of employment statistics, the number of long-term unemployed (more than 27 weeks of inactivity) rose 414,000 in March, reaching a total of 6.5 million people.44.1% of the unemployed.

In detail, the manufacturing sector has continued to create jobs in March (17 pay day loans cheap.000), bringing the number of net new jobs to 45,000 since the beginning of the year. The construction has also created 15,000 jobs. This sector, badly hit by the crisis, has destroyed an average 72,000 jobs per month over a year.

Employment also was shot by a temporary effect: recruitment for conducting the census of the population (48,000 posts).

In contrast, the financial sector has destroyed 21,000 jobs in March. The information sector also registered a negative balance of 12,000 posts. "The pace of job creation is accelerating," say the economists in a note from Societe Generale. "We should observe net gains of 200,000 jobs per month during the second half."

Despite the crisis, credit brokers have limited the damage in 2009. According to the results of a TNS-Sofres at the upcoming National Real Estate * Meilleurstaux.com for the total amount of loans obtained through a broker, or about one quarter credits – showed a limited reduction of 7%. At the same time the total amount of mortgages granted fell from 140 billion euros in 2008 to 110 billion euros in 2009, falling by 28%.

Fear of rejection

Sandrine Allonier, head of economic studies at Meilleurstaux.com, believes that this resistance is partly cyclical brokers. "In a context of tightened credit conditions for some new borrowers for fear of their project, refused to turn to brokers, not just to get the best loan terms but to find a funding solution" .22% of 1087 respondents by TNS-Sofres and intend to use a broker rather than going directly to banks when they want to borrow. The proportion rises to 26% among persons belonging to AB + (executives, entrepreneurs, professionals, craftsmen …), target population brokers bad credit payday loans. People under 35 are also more attracted to this financing solution as their elders.

Time and money

Save time and money, remain the main hopes of the French who choose to go through a broker to obtain a mortgage. Among those who intend to use one of them, 89% will also for this purpose.Benefit from expert informed, more competitive rates and quick responses to their requests are the other benefits granted to brokers. According to Christian Camus, CEO of Meilleurstaux.com, 50,000 people to file a monthly record of credit application on its website.

* The National Real Estate Fair will be held from 8 to 11 April 2010 at the Parc des expositions, Porte de Versailles.

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