World News – International Headlines, Stories

The CAC 40 has played the card of caution on Friday until 14:30, at which time the United States have communicated their rate of growth (initial estimate) for the second trilestre. After an opening in the red (-0.12%) followed by a brief stint in the green (0.24%), the leading index in Paris was back in negative territory at mid-session: -0.56% to 3631 points. The publication of a growth rate of 2.4% – less than the 2.5% expected by the markets – has a little cooled investors. Suddenly, the CAC 40 has stepped up its fold, which exceeds 1% at 2:45 p.m. to receive) 3613.91 points.

The markets are waiting game: the first estimate of U.S. GDP in the second quarter will indeed be announced this afternoon across the Atlantic.This Friday in Asia as investors remained on the defensive.

Besides GDP, the U.S. will publish the index of consumer sentiment and Chicago PMI.

The interpretation of many important results published before opening is not enough to liven up the coast.

Publication Burst

Alcatel Lucent (8.27% to 2.24 euros) announces revenues of 3.813 billion euros in the second quarter. The group reiterated its outlook for 2010, including an Adjusted operating income of between 1% and 5% of its revenues.

JCDecaux (1.16% to 20.10 euros) on Friday announced a net profit in the first half of 65 million euros.The group anticipates a change in organic revenue for the third quarter less than that of the second with a cash flow of 119 million euros, compared with -1.7 million euros in the first half.

Lafarge (-4.75% to 41.43 euros) has reported a sales increase of 2% to 4.43 billion euros in the second quarter. The company expects a reduction in capital expenditure to less than 1 billion euros in 2011.

EDF (1% to 32.80 euros) announced a net income Group share 1.7 billion euros including a provision for $ 1.1 billion on its North American operations.The group, which should sell its UK electricity networks based on an enterprise value of over 5.5 billion pounds, has announced a delay of two years for his BDU Flamanville.

EADS (2.70% to 18.06 euros) announces a net profit in the first half of 185 million euros and a turnover of 20.3 billion euros.

Schneider Electric (2.14% to 88.25 euros) publishes a turnover of 8.57 billion euros in the first half (+10.5%) of which 4.661 billion (+18.5%) in the second . In an interview with Le Figaro, Jean-Pascal Tricoire, CEO, set an improvement for the second part of the year.

Renault (0.28% to 33.74 euros) issued a revenue increase of 23.1% for the first semester in the same area, to 19.668 billion euros.The constructor returns to the green with profits of 823 million euros.

The reaction of Peugeot (-2.23% to 22.61 euros) will be observed.Also in the automotive industry, Michelin (-1.40% to 58.52 euros) announced a net profit in the first half and said it expects a continued rebound in demand for tires in the second half of the year .

PPR (-0.34% to 102 euros) has announced a net profit after minority interests rose 86.8% to 407 million euros in the first half.

Imerys (+0.27% at 44.59 euros) has reported a net operating income rose sharply to 122 million euros in the first half with a turnover of organic growth of 16%.

Total (1.30% to 38.85 euros) announced adjusted net income for the second quarter of 3 billion euros, up 72%.

CNP Assurances (EUR 15.45 -4.01%) has published a net increase of 8% to 542 million euros and a turnover of 17.697 million euros (+2.4%).

Rhodia (1.14% to 15.93 euros) raised again after its 2010 targets announced Friday results exceeded expectations in the second quarter.

Saint Gobain is optimistic

Saint-Gobain (-2.16% to 32.57 euros) reported a strong rebound in its first half results, while confirming its target of strong growth in operating earnings in 2010.

Capgemini (-1.29% to 35.88 euros) has announced the acquisition of the Swedish IT services Skvader Systems. No financial details were disclosed.

Air Liquide (-0.81% to 85.40 euros) has announced the acquisition of the company Lion Copolymer Geismar American Services.No financial details were disclosed.

Euler Hermes (4.94% to 61.40 euros) has reported net profit more than doubled in the second quarter from the first and said he intended to maintain profitability in a more favorable macroeconomic environment that over the past two years.

Ingenico (5.28% to 19.45 euros) on Thursday posted a net profit increased more than two in the first half thanks to increased transactions in Europe and raised its sales target.

Alten (-0.49% to 22.29 euros) has reported a slight improvement in activity in its sector in the first half. Turnover increased 2.7% to 450.9 million euros over the period.

Flo (-3.7% to 4.43 euros) said that the activity in its restaurants had not yet regained the level that was hers before the crisis, despite the reduction in VAT.The turnover of the group stood in the first half rose 7.6%.

A cash loan is a great option for those in dire need of cash, but a key factor in determining the need of a loan is understanding what you would have to do without fast cash personal loans in order to get your finances stable again.

The results of Yahoo! may lead to confusion in the markets. The U.S. Internet portal said in a statement released after the close on Wall Street a group net profit up 51% year on year to 213.32 million dollars in the second quarter. Brought back in action, this equates to 15 cents per share against 10 cents a year earlier. This result was above expectations of analysts who had expected 14 cents. In contrast, sales will disappoint. It appears virtually unchanged (2%) to 1.601 billion dollars during the period against $ 1.57 billion last year. But it is better than the 1.16 billion expected.

Operating profit jumped to 175 million dollars against 76 million a year earlier. Without taking into account a restructuring charge of $ 10 million, the increase is 32% low fee pay day loans."We are pleased to have continued to generate strong operating earnings and a sharp increase in margins," said the CEO, Carol Bartz, in a statement.

Side perspective, the band announced for the third quarter revenue target of between 1.57 and 1.65 billion dollars. Yahoo also relies on an operating profit of between 160 and 200 million dollars.

The news did not seem to have pleased the markets: in trade after the close on Wall Street, shares drop 4.67% to 14.49 dollars.

ALSO READ:

"Yahoo! Nokia and hand in hand in the mobile internet

Wednesday again, the Asian financial radiant, carried by strong quarterly results from Alcoa and Intel. On Thursday, the return to reality is brutal. Red dominates the markets and doubts about economic recovery back. The reason: the pessimistic talk from Ben Bernanke, Fed chairman, who has already pulled down Wall Street.

The surprise drop in retail sales across the Atlantic (-0.5%) is the straw that broke the camel's Fed. The Fed is lowering its outlook for the world's largest economy to a range between 3% and 3.5%, while three months ago, it was a growth of 3.2% to 3 7%. New measures could even be taken to support the economy.

Japan sees a brighter future

A Tokyo Stock Exchange reacts badly to these ads.In mid-session, the Nikkei lost 0.95% to 9702 points, while the Topix loose 1.45% to 858 points. The more positive about the central bank (BOJ) in the archipelago thus pass almost unnoticed. This morning, though the latter has announced that she saw again significantly increased its growth forecast for the current fiscal year from April 2010 to March 2011, to 2.6% from 1.8% previously estimated. "An improvement is expected due to the increased growth of emerging countries," the BoJ said. This upward revision is due to the government, which in June raised its forecast for growth, also at 2.6%, against 1.4% in its previous estimate.

The BoJ has, however, slightly lowered its growth forecast for 2011-2012 to 1.9% against 2% previously expected free online credit report.Because of deflation, the monetary policy committee has also decided unanimously to leave its rate unchanged at 0.10%.

Slower Growth in China

On the stock markets of Hong Kong and Shanghai, investors are pessimistic. The key indices of the two financial centers are losing 0.28% (20.503points) and 0.36% (2461 points).

In addition to the Fed, the markets saw a dim announcing a slowdown in the national economy in the second quarter. China's GDP has been increasing by 10.3% yoy, against 11.9% at the end of the first quarter. Economists expect at least a growth of 10.5%. In the first half, the economy grew by 11.1%.

Side indicators, the index of consumer prices rose 2.9% in June over a year.Industrial production grew 17.6% yoy in the first half, while investment in fixed capital rose 25.5% year on year.

Oil mast

With China and Japan in the red, the other financial centers are also doubts the move. In Australia, the S & P lost 0.57% in India, Sensex 0.05% loose. Only the Korean Kosdaq climbed 0.69%.

Crude prices were also down on Thursday morning trade in Asia. A barrel of light sweet crude for August delivery lost 14 cents to 76.90 dollars a barrel, while Brent North Sea due to identical, yielding 53 cents to 76.24 dollars.

The goals are ambitious but tenable after Pierre Mongin. The head of the RATP said in an interview with Les Echos on Monday he wants to improve efforts to the company's investment this year. The company expects an increase of 10% of these expenditures in 2010 to 1.4 billion euros. "In everything we want to invest 7 billion between 2009 and 2013," he says. These expenses will be allocated to the modernization of the existing network: improving customer service, extending lines, sustainability of the industrial tool. "We have the means to this ambitious policy," explains Pierre Mongin.

The boss of the RATP is excited about the upturn looming gently. In the first five months of the year, the group has recorded 30 million more trips compared to 2009."We feel a tremor on commuting," said Pierre Mongin, which emphasizes a return to positive growth for the RER, barometers of activity (+0.7% -4% against a year ago).

Take a major international

Another ambitious project: the development of Greater Paris. Connect the belt of small suburbs of Paris will require a massive investment of between 20 and 25 billion euros, mainly from local authorities. According to Peter Mangin, the project must be completed in order to "avoid economic decline" in Europe and "be able to create an endogenous growth".

Beyond France and Europe, these investments have the ambition to "bring the RATP in the top 5 worldwide transport companies," said the chief executive of the company.To do this, other acquisitions, following those of certain assets Transdev and Veolia, are possible.

RATP is a turnover of 6.2 billion euros in 2015 against 4.2 billion in 2009. Nearly 25% of these revenues should be generated by subsidiaries outside the Ile-de-France. "The strategic differentiation from our competitors lies in our engineering capabilities. This knowledge gives us advantages comparable to those of EDF Energy, "warns Pierre Mongin.

ALSO READ:

The RATP bus will commission 1400

New session in the red for the Tokyo Stock Exchange, the largest in the Asia-Pacific. On Thursday, the Nikkei index lost another 2.50% less than an hour of closing at 9147 points, its lowest level this year.

The bad behavior of Wall Street the day affects the morale of investors. Especially in the Standard & Poor's 500, which yielded 1.01% to 1031 points, and pushing the major support of 1040 points.

In Tokyo, the upward trend of the yen against the dollar and the euro affects the titles of exporting companies, prompting investors to discard.

Market participants also seem to have overlooked the results of well-oriented business confidence survey (Tankan), conducted quarterly frequency by the Bank of Japan (BoJ).The Tankan index of confidence among large manufacturers in Japan has had a positive effect in June for the first time in two years, rising 15 points over March to a point, according to the Bank of Japan (BoJ). This result confirms hopes of a return of the second world economy, whose growth is being driven for months by exports to Asian countries and emerging economies, notably China.

Crude prices were also driven lower on Thursday in electronic trading in Asia, following a rise in gasoline stocks and a slowdown in net new jobs planned for the month of June in the United States.

In morning trading, a barrel of light sweet crude for August delivery was down 77 cents at 74.86 dollars a barrel, while Brent North Sea for delivery in August, gives 50 cents to 74 $ 51.Wednesday on the New York Mercantile Exchange (Nymex), a barrel of light sweet crude for August delivery ended at 75.63 dollars, down 31 cents from the previous day.

Guo Guangchang, chairman of the Chinese group Fosun. (Photo CD)

One after the other, the candidates for the resumption of the World out of the wood. After the unexpected arrival of Orange Tuesday night, Wednesday was the turn of the Spanish group Prisa, a faithful shareholder of the World, which holds 15.01% stake, confirmed its commitment to the French press group after several weeks of silence. In a letter to members of the Supervisory Board and Executive Board and World unveiled by Les Echos, CEO Juan Luis Cebrian, "reaffirms" the "intent to participate alone or with industry partners internationally renowned for recapitalization "of the group. But the Spanish boss believes that "only a thorough audit of the group may enable candidates to refine the position estimate needs to recapitalize the World. And therefore request the postponement of the deadline to Friday, 19 hours to lay a firm offer of recovery.

"A reasonable period until the end of September, should be open to all candidates currently being declared or declare themselves to deepen their audits, discussions with management of group and set them in a position to file ( …) a firm offer, "says the CEO. The group Prisa, which is currently in debt of more than 3 billion is currently carrying out a recapitalization. To save time, Juan Luis Cebrian calls for "reimbursable advances to meet" the urgent need of cash to its World recapitalization.

The World available in the morning

This has to speak, of course, nothing trivial. It comes the same day of the deadline set by the board of the World Bank, Crédit Agricole CIB to candidates to file their préoffres.Without really préoffre, Prisa boss makes it clear his intentions for Le Monde that he wanted to "expand the supply" and "give it to read every day, morning, Monday to Sunday, basing on synergies between the titles of his group (El Pais, head).

At the same time, the trio led by the businessman Matthew Pigasse, Niel and PBA filed a letter of intent listing his commitments and his plans for the group (recapitalization of 80 to 100 million euros charter governance, creation of an ethics committee …). Highly anticipated also a group préoffre Nouvel Observateur had to be filed Wednesday in the day. Is it backed by a partner like Orange, as seemed to think the discussions initiated between the two groups on Tuesday? It was difficult to see clear Wednesday.Alongside its general assembly, the new CEO of Orange, Stéphane Richard, has explained his plan to enter the capital of the world. "Some candidates have asked to be a minority partner, it is not a takeover," he said. This partnership would make sense in his eyes as if the result is "mutual benefits" for both groups. "The Orange could accompany the transition to Digital World", focusing on the Internet subsidiary of the group, Le Monde Interactif.

If Orange confirms his love for Le Monde, other applicants have chosen them to withdraw from the race. After the Swiss group Ringier Tuesday morning, the Italian group L'Espresso has officially given up yesterday to make a takeover bid of the group.

ALSO READ:

"Orange World takeover candidate

"Jouyet: the UK has taken a risk Sunday

One week test market

"Speculation: France will investigate

The Paris Bourse started the last session of the week were down in the wake of U.S. markets worried about the difficulties in Europe – Wall Street closed down over 1% – and the Nikkei in Tokyo down the same order Friday morning.

The CAC 40 was indeed opened down 0.95% at 3696 points.

Since the beginning of the week, the CAC 40, which replaced the European aid plan of 750 billion euros announced in the night from Sunday to Monday. Last week, the CAC 40 index had fallen more than 11%.

Thursday evening, the benchmark index of Paris has stood still while the rest of Europe has evolved disparate: Spanish IBEX fell 1.11%, when folded BEL 20 0.22% .While the Dax in Frankfurt took 1.1% and the FTSE in London, 0.93%.

This Friday, the IBEX was down 0.87% at 9890 points, BEL 20, 0.86%, to 2513 points, the DAX, 0.37%, to 6228 points and the Footsie 0.48 % at 5407 points.

The IMF: a report on public finances G20

Today, Europe is free of major statistical. In contrast, the United States, the indices continue to rain.Are scheduled for this afternoon publication of retail sales in April, very controlled, industrial production for the same month – also highly regarded – the index of confidence from the University of Michigan for the month of May – for a forecast of economic health – and stocks and sales companies in March.

Other important events this Friday, the IMF will publish its report at 5:01 p.m. on the budget deficit and public debt of the G20.

EADS net profit down 39%

The giant European aerospace firm EADS said Friday a 39% drop in net profit to 103 million euros. The A380 still weighs heavily on the performance of EADS payday loans with no fax. The group has however confirmed its objectives for the year.Actions grappillent 0.13%, to 15.5 euros, but the market is bearish.

EADS is part of only four values in the green in early trade, with Danone (+0.36% to EUR 44), Sanofi-aventis (+0.3% to 51.9 euros) and Lafarge ( 0.02%, to 50.9 euros).

For this Friday, it is the only publication of results and no presentation of turnover is expected.

The battered banking

Credit Agricole already showered yesterday – the shares are down 3.56% at the close Thursday night (the largest drop in the CAC 40) – is still the red lantern on Friday of the index, with a decline of 2.58 %, to 10 euros.

The bank posted earnings of 470 million euros in the first quarter when his rival Societe Generale (-2.5% to 37.6 euros, the second largest drop in the CAC 40) and BNP Paribas (-1.66% , to 50.9 euros) have respectively reached profits of more than 1 billion euros and 2.3 billion in the first quarter of 2010.

Furthermore, the Attorney General of New York has opened an investigation into eight banks, including Credit Agricole, to determine if they had provided misleading information about their mortgages before the subprime crisis, "according to The New York Times.

In turn, Natixis lost 3.15%, to 3.84 euros and signs the worst performance of the SBF 120.

EDF side, the series on electricity prices is not over. Priced at 42 euros per MWh, the price increases would be 11.4% in 2011 and 3.5% per year between 2011 and 2025, according to the Commission for Energy Regulation (CER).Figures disputed by EDF. The government – which sets prices for electricity – and EDF belie such increases. The EDF shares were down 0.88%, to 38 euros.

In Brussels

The epilogue finally began in the Greek crisis. Emergency Meeting in Brussels on Sunday, finance ministers of the euro area have decided to implement a massive rescue plan: 110 billion euros in loans over three years (80 billion from the states in the area, the rest from the IMF). From never-seen in the recent history of finance. "There is no question of going back on it", insisted the president of the Eurogroup Jean-Claude Juncker. The Extraordinary Summit of Heads of State and Government, convened Friday should be a formality. For its part the IMF managing director Dominique Strauss-Kahn, said that the agency would approve a loan of 30 billion "in the week."

To convince its European partners, Greece on Sunday presented a plan of unprecedented sacrifices.The goal: save 30 billion euros over the next three years (or 11% of the GDP of the country!), In addition to 4.8 billion euros announced for 2010. For the people, the bitter potion looks, since it will give up the 13th and 14th month of salary for civil servants and swallowing up of one to two points in the VAT, which already stands at 21%. Taxes on fuel, alcohol and tobacco would be increased by 10%. Public investment will fall 1.5 billion over two years. The duration of pension contributions from 37 to 40 years. But is the price to pay to bring the deficit below 3% of GDP by the end of 2014 – against 14% in 2009. "These are tough sacrifice, but necessary," without which Greece would "bankrupt", said Greek Prime Minister George Papandreou.

The bill also promises salty for Europe and the IMF.The money lent by the Europeans will be distributed among them in proportion to their participation in the euro, or 21% for France and 28% for Germany. But "it's give and take," assured Christine Lagarde just before the meeting. The French Minister of Finance have no doubt: "The French and European citizens will review course their money, and loans will be repaid, principal and interest payday loans with no fax. "

Banks asked to put their hands in the pocket

Banks should also be tapped. "I would expect that the financial sector also look what he can do," warned the French minister, citing "an exercise of solidarity."For his part Jean-Claude Juncker, has assured that "all ministers have agreed to do with their respective financial and banking sectors which voluntary contributions could make the banks. Already, Deutsche Bank, Allianz and reinsurer Munich Re would pay 1 billion euros to Greece under the same conditions as for the States of the European Union, said Sunday night the Financial Times Deutschland.

Europeans paying dearly for their procrastination – "I acknowledge that I too almost lost patience along the way," admits Jean-Claude Juncker. But they had no real choice. The markets, which have been flying yields Greek beginning to wonder if Portugal and Spain since Standard & Poor's downgraded their rating."It is not only Greece but also help the rescue of the euro," said Belgian Finance Minister Didier Reynders. We must avoid the contagion. Even Germany had overcome its hostility to the idea of saving Greece from its own mistakes. "It is our duty to defend the stability of the euro area as a whole," assured the Finance Minister, Wolfgang Sch?uble.

With this plan, the financing needs of Greece are insured for 100% during the first two years and a guarantee fund for banks with 10 billion euros, has also been established. It was time for Athens was important to begin to touch the money before May 19, to pay 9 billion euros maturing at that date.

ALSO READ:

"Crisis Greek Athens prepares a shock treatment

"Questions about the crisis in the euro area

"SPECIAL – Greece, a challenge for Europe