Archive for the ‘resources’ Category

Moody's threatens to degrade Spain

July 30, 2011 - 11:24 am Comments Off

It's time for Spain to be in the sights of Moody's. The agency placed the credit rating of the country under surveillance for any reduction, said a statement issued Friday, indicating a downward revision of the country's Aa2 rating one notch lower. The agency believes that the difficulties of Madrid to borrow at an acceptable rate will escalate following the second plan the rescue of Greece, who "made history" involving the private sector and a marked increased risk for investors bondholders fragile in the euro area.

The rating agency also advanced a weak growth of Spain and fiscal slippages in some areas of the country, adding that it would present risks, burdens on efforts to reduce deficits, which have recently been undertaken by Madrid .

Highlighting the challenges that the Spanish government will face for fiscal consolidation and improving the fiscal situation of the Spanish provinces, Moody's has given the banking regulator Spanish Fondo de Reestructuración Ordenada Bancaria (FROB) a rating Aa2, providing a possible degradation of the latter in the future.

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Half the jobs will be open to foreigners

July 26, 2011 - 1:20 am Comments Off

The reduction of labor migration in France is now effective. After fixing in April the goal of reducing by half the number of work permits granted to foreigners in France, the Ministries of Interior and Labour recently issued a new list of occupations open to non-Europeans. According to Les Echos on Monday, the draft of the new Order, which has been sent to the unions, cut in half the number of job families, open to non-EU nationals. 30, it is expected to rise to 15, said the business daily. It should be noted that the list issued by the Ministry of Labour in 2008 had remained unchanged for three years.

"This is to narrow the list to the most skilled occupations or specific, corresponding to significant needs for labor," which would be impossible to fill short-term workers already present in France, said the e of the General Delegation of employment (DGEFP), which was sent to the unions.

But this list may be adapted as needed in labor specific to each region. Each warden will be allowed to exclude some of the trades listed 15 families, if these jobs are not in power on its territory.

Restrictions in construction and computer

Among the jobs listed on the new list, we find the e-consultancy, management positions in audit and accountancy, engineering positions in information systems, and various trades technicians wood and glass processing payday loans for bad credit.In addition, the areas of chemical production, pharmaceutical and mechanical products always recruit foreign labor.

However, in construction, the positions responsible for education, site managers and supervisors will come out of the list, the sector is recruiting non-EU as for industrial designer jobs. Another area where Claude Gueant decided to impose restrictions on the information technology sector for nationals of non-European features only for experts.

Surprised by the return of the subject after the meeting of National Council for the use of the July 12 trade unions denounce a 'national' approach of the government and are skeptical about its effectiveness."Of the stations mentioned experts, the big groups use internal mobility from their subsidiaries abroad," said Raymond Chauveau (CGT) in an interview with Les Echos.

Reducing the list of occupations open to foreigners "liberate" from 10,000 to 12,000 jobs in France. However, according to experts, the government will face the difficulty of adapting this new list to fluctuations in supply and demand in the labor market in France.

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The executive recruitment remains strong

July 21, 2011 - 9:32 am Comments Off

A study by the Association for the use of frameworks (APEC) issued Thursday, the labor market remains well-oriented framework in the third quarter of 2011. 52% of companies surveyed expect to recruit in effect at least a part in the summer, 9 points higher than the same period in 2010 and 17 in 2009.

All sectors – including industry, banking and insurance, engineering and computer science – driven by the development of their business will be affected and graduates will for once not forgotten. "This dynamic is explained by that of business investment, which has a positive trend over the last 12 months," explains Jacky Chatelain, the director general of APEC payday advances.

The employment guidelines issued by APEC in June has also remained well oriented. At 48,307, it rose by 52% over the same month last year.Year over year, the trend is even more significant: + 67% to 461 366 job postings. A new record. All functions are sought, with a prize for technical professions (purchasing, logistics, maintenance, security …) which rose 80% year on year. Then the number of positions in IT, which jumped 71%.

Asian stock markets into the red

July 20, 2011 - 5:24 am Comments Off

The major stock markets in Asia are in the red on Tuesday. The signals sent yesterday by the stock exchanges in Europe and the United States do not encourage investors to take risks. Gloom settles permanently while stresst tests of European banks are not convincing and that the debt problems on both sides of the Atlantic continue.

In Tokyo, the Nikkei, which resumed trading after the long weekend, started on a decline of 0.53%. An hour of closing, it was down from 0.60% to 9914 points. The banking sector is particularly abused in the image of Mitsubishi UFJ Financial (-2.54%), Nomura Holdings (-2.34%) and Daiwa Securities Group (-1.15%). Export values ​​also suffer from a higher yen against the dollar: Sony loose 2.06% 3.63% Nintendo loses first Panasonic was down 1.95%.

For their part, Hong Kong and Shanghai respectively lost 0.29% and 0.47%.In Hong Kong, banks are still in trouble: HSBC Holdings (-0.47%), Agricultural Bank of China (-0.99%) and China Merchants Bank (-0.22%) down.

Only exchanges of Korea (0.12%), Australia (0.10%) and India (0.26%) manage to rise into the green but remain cautious. Note that at the Sydney Stock Exchange, the action News Corp, battered since the wiretapping scandal, bounced 2.54% to 14.53 dollars as investors take advantage of lower stock price.They also respond to information from the Wall Street Journal under which Rupert Murdoch, the founder of the media group, plans to release the reins of his company.

Oil climbs the slope

Oil prices were up Tuesday in electronic trading in Asia, investors taking advantage of prices driven down by concerns about the debt crisis in the eurozone, analysts said.

In morning trading, a barrel of "light sweet crude" for delivery in August took 38 cents to 96.31 dollars. That of Brent North Sea crude for September delivery took 41 cents to 116.46 dollars.

French banks pass the "stress tests"

July 15, 2011 - 9:48 pm Comments Off

Eight European banks have failed the tests of resistance imposed on 91 banks on the continent to test their strength in the event of economic shocks, said Friday in a statement the EBA (EBA) responsible for these tests.

ABB said that the banks needed a total of 2.5 billion euros to strengthen. She did not initially detail the name or nationality of the banks that failed the exam, each institution concerned and the national regulators with priority to communicate about it.

According to announcements made simultaneously in each country by banks and regulators, five Spanish banks and a German bank failed.Two banks failed still missing the call, the regulators have not yet communicated all.

ABB said that the results of only 90 banks had finally been taken into account, without further explanation.

All Italian banks, French, Portuguese, Irish and British passed the test.

Doctors: the sanctions removed

July 14, 2011 - 4:44 am Comments Off

The Parliament finally approved the bill Wednesday Fourcade whose content had been aligned the day before. The text, originally filed on … October 26, retouching Bachelot law on hospital and health system (Law HPST) with a goal for the majority: to reconcile with the doctors.

It erases two measures passed two years ago and never used: the requirement for general dense areas to give a hand to their fellow country or suburban overworked, under penalty of a fine of 3000 euros per year, and the obligation to report their leave. There were two innovations in the fight against medical deserts. But Xavier Bertrand, the successor to the Health Roselyne Bachelot, has returned to the guideline that was set when he was … his predecessor: to encourage, yes, force, no.Besides these two points, the law includes various provisions, some of which have been amended, deleted and / or re-introduced.

• Transparency partial dentures

Dentists showing the origin of crowns or bridges they intend to ask the patient to know if the prosthesis was manufactured in Europe or China. Dentists will also include an estimate of the cost benefit and the sale price of the prosthesis. He freely establish this distinction: for a total of 1000 euros, it may feel that the prosthesis is 300 euros and 700 work, or that the prosthesis is 600 and delivery 400.

Associations rather wanted to be referred to the purchase price of the prosthesis.But the dentists, who are struggling to explain their expertise and time weigh more in price than the prosthesis, and they do not just do the "somersault" on a purchase-resale, managed to avoid it.

• Mutual: care networks "open"

Mutuals were given the opportunity, already available to insurers, to better pay their members when they are aimed at professionals with whom they have contracted. Except that these care networks should be "open" all the professionals can then join.This will not change much for the professions to insufficient numbers: what a mutual interest to "deprive" doctors scarce? But in the expanding fields, practice selection is a way to bring prices down.

• Liability specialties "at risk"

A public fund is created to cover all private health professionals sentenced to damages exceeding the ceiling of their insurance should be fixed statutorily around 8 million euros. Those who have gone out of business and are not insured are also covered. Are concerned primarily surgeons, anesthesiologists and obstetricians but all professionals (doctors, physiotherapists, nurses, podiatrists …) that will have everyone contribute.

A biotech Marseille partnered to 24 million

July 8, 2011 - 6:36 am Comments Off

The agreement is good news the French biotech Innate Pharma. The company, based in Marseille, in a statement anounce the signing of a global agreement with the U.S. laboratory Bristol-Myers Squibb (BMS).

BMS is thus committed to finance the development of the IPH2102, a new antibody in Phase I development created by the biotech Marseille for the treatment of cancer. Thus, the U.S. laboratory to make an initial payment of Innate Pharma $ 35 million, followed by other milestone payments based on research findings. The total amount of the transaction could reach $ 465 million (over 320 million euros).Innate Pharma should also receive a fee, a "double-digit percentage" of international sales net of the product.

In exchange, "Innate Pharma will provide Bristol-Myers Squibb exclusive worldwide rights to develop, manufacture and marketing of IPH2102 and compounds structurally related KIR receptor blocking."

Innate Pharma flies title

"This license agreement is the largest ever made to date with a French biotech in financial terms," ​​said Hervé Brailly, CEO of Innate Pharma. "Bristol-Myers Squibb is a global leader in the field of immuno-oncology and as the best partner we could look to realize the full potential of IPH2102," he adds.

To BMS is a new step in its strategy of "string of pearls."The giant seeks to "establish collaborations with innovative businesses and leaders in their field worldwide," said Mike Seeley, CEO of BMS France.

The announcement of the agreement was followed closely by investors. The title Innate Pharma jumped nearly 80% in early trade, to 2.35 euros. The CAC 40 rose 0.46%.

Wall Street expected to open in the balance

June 17, 2011 - 2:44 pm Comments Off

The U.S. stock markets would open again on Friday in a small increase. Future of Standard & Poor's 500 and Nasdaq 100, respectively, in fact advance of 0.20% to 1266 points and 0.18% at 2199.50 points. Thursday, Wall Street has ended in a disorganized, fears shared by more and more vivid on the outcome of the crisis of public finances in Europe and reassuring indicators from the United States who came to end a series of bad news on the macroeconomic level.

Note, in this session, the VIX implied volatility index, also called fear index, rose 6.6% during the session at 22.73 and just reacted to what is wanted "reassuring "European officials.

Greece still under surveillance

The situation in Greece is also likely again to engage the attention of investors before the publication of a new round of macroeconomic indicators expected on Friday. Originally scheduled Thursday, the redesign part of the Greek government has intervened in the morning. In a final attempt to resolve the political crisis gripping the country, Prime Minister George Papandreou announced the formation of a new government. The name was the most anticipated of the new finance minister.This will be the former Defence Minister Evangelos Venizelos, who is also Vice-Premier, announced Friday a spokesman of the Greek government.

Efforts that do not seem to convince the Fed chairman, Alan Greenspan, who said in a television interview Thursday night that a lack of Greece was to him "almost certain".

On the foreign exchange market, the euro is falling against the dollar. To 11 hours in Paris, the single European currency was worth 1.4189 dollars against 1.4209 dollars on Thursday night. Oil prices also retreated during the session. A barrel of Brent North Sea crude for August delivery was trading at 112.72 dollars on the Intercontinental Exchange (ICE) in London, down $ 1.30 from the close of Thursday.In electronic trading of the New York Mercantile Exchange, a barrel of "light sweet crude" (WTI) for delivery in July let go $ 1.54, to 93.41 dollars. It fell earlier to 92.12 dollars, its lowest level since late February.

United States, on the macroeconomic front, investors will monitor the indices of consumer sentiment and leading indicators that will be announced in mid-afternoon.

RIM, in line with expectations

The side of values, the U.S. bank Capital One said Thursday after the close of Wall Street that it would buy the Dutch bank insurer ING's U.S. subsidiary of ING Direct online bank for $ 9 billion in cash and shares.Under the agreement, ING Capital One pays $ 6.2 billion in cash, together with some 55.9 million shares of Capital One, estimated at about $ 2.8 billion.

The Canadian group Research in Motion (RIM), listed on Wall Street, manufacturer of BlackBerry smart phones, said Thursday after market close a net profit of 695 million U.S. dollars, in line with expectations, but sales below market expectations for its first quarter.

Also note, the U.S. Treasury said Thursday it planned to recover about 36 million in bringing to market some 2.85 million shares of Bank Central Pacific Financial held.

Orders for medium-haul aircraft should carve out the lion's share at Paris Air Show, in particular the re-engined Airbus A320, whose commercial success increases the pressure on Boeing for a decision on the future of 737, the 'best-selling commercial airplane in the world.

The title of the internet radio Pandora Media should still be very surrounded. Thursday, it fell by almost 23.88% for its second day on the stock market, and coast now below its IPO price.

The French anti-nuclear

June 5, 2011 - 3:32 pm Comments Off

Nearly two in three French (62%) want that France is phasing to operate its nuclear plants. By adding the 15% of the population favored a quick halt French nuclear program, 77% of the French population is now opposed to this energy source. That is what emerges from the last Ifop poll, conducted from June 1 to 3 of 1005 people aged 18 and over, for the Journal du Dimanche. Only 1% of the panel interviewed did not comment. Supporters of a soft stop is at 74% of supporters of the Socialist Party, the Greens 61% and 37% of the UMP.

The German example

The gradual change of mentality of the French would not only result from the shock wave caused by the nuclear disaster in Japan, but also that of the German decision to phase out nuclear energy by 2022.Last Monday, German Chancellor Angela Merkel, under pressure from Germany's Green Party, announced his decision to close the 17 German plants, within 10 years.

What might convince a few more French, interviewed after the announcement, the possibility for a developed country to live without this source of energy. Still, the German and French positions are far from comparable, France still produces 73% of its electricity by nuclear power, against 25% in Germany.

Stating his position on this issue, François Hollande, Socialist Party MP and the Corrèze Socialist candidate primary, moved elsewhere, always in the JDD, reduced initially by 75% to 50% dependence on French nuclear. For its part, Europe Ecology-The Greens called for a total abandonment of the atom.Final lesson revealed by the survey on Sunday, if the government is opposed to nuclear stopping, the UMP adhere less to this position, 55% of them sharing the wishes of their fellow citizens. These supporters are nonetheless the most pro-nuclear, with 37% of them advocating the continuation of nuclear program, and construction of new plants.

The state park is also hexagonal become less important to the French. Surprisingly, the hostility to nuclear power is indeed associated with the expression of any concern on the part of the French against nuclear sites. In total, 55% report little or not at all concerned about nuclear power, while only 44% a month ago.

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FIFA: Sepp Blatter re-election, which smells of sulfur

June 1, 2011 - 11:32 pm Comments Off

Bulky Bin Hamman and Warner
Except turnaround unlikely, Sepp Blatter was re-elected for the third time as President of FIFA in Zurich Wednesday. It is not difficult to predict because the Swiss, who directs the proceedings since 1998, is the only candidate since the withdrawal this weekend in his last opponent, Qatari Mohamed bin Hammam. A forced withdrawal and the scent of scandal. President of the Asian Confederation, Ben Hamman has indeed been provisionally suspended by the Ethics Committee of FIFA because of suspicions of corruption against him. Jack Warner, CONCACAF President, Vice-President of FIFA, and support shown by Ben Hamman was also temporarily suspended for the same reasons. The two men are suspected of attempting to buy the votes of the Caribbean Confederation (CFU), which they strongly refute."I deny the allegations that I made statements to the CFU on donations from Mr. Bin Hammam," asserted Jack Warner in a statement while saying, however that "in Miami, the Congress of the Concacaf May 3, Mr Blatter had donated one million dollars to our federation, "without the consent of the finance committee of FIFA.

A gift for which an investigation had been opened before it was quickly closed by the money outright Blatter any accusation of corruption by the Ethics Commission. A past president quickly cleared and a final opponent suspended, the unfolding of events may leave pensive and may suggest that FIFA is the realm of small arrangements. Especially when the case comes just weeks after revelations of the British weekly Sunday Times about the allocation of World Cup 2022 in Qatar.Especially so when a vice-president of FIFA accredits these revelations by making public the contents of an email sent by Jerome Valcke, FIFA general secretary and confidant of Blatter. "For MBH (Editor's note: Mohamed Bin Hamman), I've never understood why he was entering the race. Or so he thought that one can buy FIFA as the Qataris have purchased the World Cup, "Valcke reportedly wrote in an email sent to Warner!

Blatter on the royal road
A blow to Blatter camp when the Swiss campaigned on a zero tolerance towards corruption Online payday loans.But Jerome Valcke has justified his writings stating that "it can happen to employ a less formal tone when I use this medium which by its nature, encourages exchanges" lighter "than other forms correspondence "and that" in referring to the FIFA World Cup 2022 in this e-mail, I wanted to highlight that the future host country had used its financial strength to rally much support (…) I n 'I at no time refers to the buying of votes or any behavior inconsistent with the rules of ethics. "Sepp Blatter, he is right in his boots remained Monday at a press conference in emergency to try to extinguish the many fires in the house FIFA.

"We must fight the demons, there's a bad situation, but there will be an elective congress on Wednesday and the family of football, if it wants to restore the credibility of FIFA, can do with me," Blatter said, refusing to evoke the decisions of the Commission on Ethics ("I'm not allowed to comment") and denying the existence of a crisis within the federation he heads ("football is not crisis when we see the final of the Champions League, he just some difficulty "). So everything is for the best in the best of worlds for Blatter whose reelection is no longer any doubt.Because on the eve of polling, it is unclear how the appeal of Bin Hamman, the request for postponement of the FA made on Tuesday or calls for reform from places like Australia (Editor's note: England and Australia respectively were candidates to host the World Cups 2018 and 2022), could prevent the Swiss to begin a fourth term. Starting what happens under the sign of the scandal …