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The Mayor: "The negotiations should lead quickly"

"We are in the final phase of adjustments, it is normal that the negotiations become more difficult, Le Figaro said the Minister of Agriculture, Bruno Le Maire. Things must lead as soon as possible. This is an important project both industrially and in the defense of the interests of producers. On this last point, we are building with all stakeholders on an ambitious plan to develop the dairy sector, as it has ever been done for twenty years at the time of Michel Rocard. This plan should be presented in September. "

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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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.

Who would have thought that a small economy could disturb the Mediterranean world power? Yet, a leader of the Fed, the U.S. central bank expressed concern about the effects of the crisis on the Greek United States. "I see three ways in which the Greek crisis could directly affect the economy of the United States," said Dennis Lockhart, a patron of the Atlanta Fed on Monday night.

Greece, attracting the attention of investors on the debt of European countries, could accelerate the introduction of austerity policies in Europe.An ominous prospect for U.S. exports, according to Lockhart: "If the countries of the European Union would provide for adjustments to budget problems, this could hinder the growth of the eurozone and U.S. exports to this region .

Second concern for the head of the Fed, the dollar's rise against the euro. The single currency is weakened by the Greek crisis, investors have been particularly its decline in January and February fast payday loan . Mechanical consequence down the euro, the dollar rises, which could "undermine the competitiveness of U.S. exports," according to Dennis Lockhart.

"The third [of concern] is the possibility that the Greek budget crisis leads to a large impact on financial markets.This could occur in the banking system or as a retreat General [investors] the debt market states ", has alarmed the leadership of the Fed.

These three concerns, first expressed by the Fed intervene to three days of the European Council of Heads of State and Government. The President of the European Commission Jose Manuel Barroso, has called in an interview with the Financial Times European leaders to show "solidarity" against Greece. This latest threat to resort to the International Monetary Fund if there is no mechanism in place.

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Ten days. This is the time remaining to AXA shares for a listing on the American Stock Exchange, the New York Stock Exchange. As announced January 25 last, the French insurer plans to leave the financial markets overseas March 26. Axa filed in that document with the Securities and Exchange Commission (SEC), the U.S. markets. Unsubscribing should be effective within 90 days.

Axa has been listed since 1996 in New York through ADS (American depository shares), certificates of deposit. "Subsequently, the ADS should be negotiated on the market for U.S. OTC (TBT) and will be quoted on the OTC platform QX low interest rate personal loans . The quotations are available on www.otcqx.com "warns a statement from the group.

As for Allianz, which has its withdrawal from the New York Stock Exchange, AXA believes that the liquidity and volume traded on the NYSE were not developed. "The market has not developed sufficient liquidity to be attractive for most institutional investors, who continue to prefer our primary market of Euronext Paris, justified, in January, Chief Executive Henri de Castries.

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The red takes its place at the Paris Stock Exchange on Thursday. The CAC 40 starts the session down 0.47% at 3921.56 points. The London Stock Exchange following the same path with Footsie down from 0.36% to 5620.36 points. The DAX index in Frankfurt also opened down 0.40% at 5913.17 points.

Today, the Tokyo Stock Exchange ended in the green but this positive conclusion seems not strong enough to reassure the markets.

A flurry of statistics

Mixed macroeconomic statistics were published in Asia on Thursday. In Japan, GDP in the fourth quarter was revised downward to 0.9% from the previous quarter instead of 1.1%, business investment had proven that estimated lower initially (at 0.9% over the previous quarter instead of 1%).In contrast, China has announced that industrial production had risen by 20.7% yoy over the first two months of the year and that investment in fixed assets had increased by 26.6% over the same period .

Wednesday evening, the U.S. Treasury announced a record budget deficit of 220.909 billion dollars in February, its seventeenth consecutive month in the red, but with a higher income.

In addition to these data, investors will digest the figures on Thursday the French budget deficit in January. It widened to 9.2 billion euros against 8.1 billion at the same date in 2009, according to the Budget Ministry. Moreover, employment has declined in metropolitan France from 0.1% in the fourth quarter 2009 with 20,400 jobs destroyed in the areas mainly merchants.It's better than the third quarter, when 79,800 positions were eliminated.

The German government debt has climbed from 7.1% in 2009 to nearly 1,700 billion euros, said the Federal Statistics Office Destatis.

To these entries added weekly unemployment and the U.S. trade balance (1430).

Lagard?re and banking unscrew

Lagardere issued yesterday evening poorer results in 2008: net income Group share reached EUR 137 million in 2009, against 593 million euros the previous year. A drop of 77%. Lagard?re table for 2010 down about 10% of its current operating income. The sign under the worst performance of the CAC: -5.02 ? to 27.05 euros.

The threat of monetary restraint in China flat again.Locally, the index of consumer prices rose 2.7% year on year last month, according to the National Bureau of Statistics no credit check payday loans . "If the Prime Minister wants to keep inflation below 3% to prevent overheating of the economy, it will probably need to use all instruments at its disposal," said Brian Jackson of the Royal Bank of Canada. Already, according to the Central Bank, Chinese banks have granted in February for about half of the credit granted in January: 700.1 billion yuan in new loans, against 1390 billion yuan (148 billion euros).

The bank reacted badly: Societe Generale (-1.16% to 44.28%), BNP Paribas (-1.06% to 56.06 euros) and Credit Agricole (-0.5% to 11.96 euros) fall .

Boiron (+0.86% at 31.55 euros) Wednesday announced an operating profit of 91.8 million euros, up 61% for a turnover, which had already been published, 526 , 1 million euros, up 12.7%.

CFAO (-0.88% to 27.69 euros) announced on Thursday a fall of 29.8% of its net earnings in 2009. Net income group share was indeed established at 90.3 million euros against 128.6 million euros a year earlier.

Meetic (-0.31% to 22.67 euros) announced Wednesday the completion of the creation of a joint venture with Match.com to develop their activities in Latin America.

Air France (-0.09% to 10.77 euros) a complaint against the competing company Ryanair.The French company has accused the Irish receive 660 million euros to aid illegal in Europe.

Total (-0.43% to 42.74 euros) is always under pressure from unions after the official announcement of the closure of the refinery at Dunkirk. The SGC of the oil industry, majority, yesterday called the 13 employees at French refinery strike Thursday, April 15.

The case EADS (-0.69% to 15.17 euros) continues. The withdrawal of the European Group in the race for the Pentagon tanker causing diplomatic tensions. Nicolas Sarkozy, on a trip to Washington in late March, has decided to raise the subject during a discussion with Barack Obama.Moreover, the U.S. airline United Airlines has signed a firm order for 25 long-haul Airbus A350, for a contract of $ 6.3 billion at list prices.

OL Group should benefit for some time qualifying historic team in the quarterfinals of the Champions League yesterday against Real Madrid. After the victory, the Exchange welcomes its way Olympique Lyonnais: the title is 8.48% to 9.59 euros.

It is the global rush on atomic reactors. Nicolas Sarkozy opened Monday morning an international conference on access to civilian nuclear technology that would bring together a thousand participants including some forty foreign ministers and the new Director General of the IAEA (International Atomic Energy Agency), Japan Yukiya Amano.

Not less than sixty States have shown in recent years with the Vienna their desire for nuclear reactors to generate electricity. "The expectation in these countries is very strong," said an organizer of the conference. Iran and North Korea, which have violated their international obligations, have not been invited to Paris, unlike Syria and Libya.

Click on image to enlarge.

Veolia Environment is doing well in 2009. The group, which publishes Better Canada on Friday reported a net profit group share of 584 million euros, a sharp rise of 44% compared to 2008. It is far more than expected by the markets as analysts expected an increase of 34%.

Regarding turnover, however, performance is online. The group's revenues decline by 3.4% to 34.551 billion euros. Observers expected a decline of 2%.

The group expects an increase in its operating performance in 2010, further reducing costs.

Veolia Environnement intends to pay its shareholders a dividend of 1.21 euro per share for the year 2009. This proposal will be voted at the General Meeting of May 7

More details to follow ….

While the Internet has become as indispensable as water or electricity, Pierre Danon, CEO of Numericable, announced that the cable operator will introduce a social tariff, responding to the request of the Prime Minister.

LE FIGARO. – For 9.99 euros per month, which will service the right customers?

Pierre Danon. – The Prime Minister had asked the operators a triple play package of around 20 euros for the poor. Numericable goes beyond and offers 9.99 euros a month for 60 channels of television (DTT channels and a selection of foreign channels), Internet access at 2 Mbps and unlimited calls in metropolitan France.There are two requirements to be eligible for this offer: being beneficiary of the RSA or disabled adult allowance and live in housing benefit service unique digital Numericable.

Will you receive compensation from the state?

The universal service fund, managed by the Caisse des depots, should pay a subsidy of 4.21 euros per month per subscriber to Numericable. This package will therefore revert to 5.99 euros a month to subscribers, 4 euro is already included in the charges. I sent a letter yesterday with the offer to Prime Minister, Arcep and services Bercy. If they approve our offer within two months we could launch it this summer.

What advantage Numericable?

It is primarily a historical constant of the cable as being involved in social housing and community.On the other hand, Numericable, who will work with municipalities and departments on this job should be able to equip a large number of new homes. Some customers take the social tariff, but others choose our offerings more upscale. I think that with this offer we can win new customers. We are now at 25% market share on the recruitment of new Internet subscribers. This should enable us to progress further. Not to mention that in dealing with public housing offices, Numericable reduces acquisition costs and delinquency risks.

You had already launched in November offer "low cost" to 19.90 euros. What is the result?

This offer works very well. It represents approximately one third of our new subscribers. Auchan is also to engage the clutch on this niche, because there is a real logic to segment the market.They are not social but tender offers "low-cost targeted. For example, many people do not use the TV service yet they pay their standard Internet package at 30 euros a month. We must stop the dictatorship of the package at 30 euros, which was a stroke of genius Free, but has not moved for four years.

After Darty and Auchan Bouygues Telecom, will you welcome new operators on your fiber network?

We are in discussions with various partners, but he must first deal with the influx of new customers for our partners. Auchan has trained 1 200 hypermarkets in 72 vendors!

The picture improves Numericable does to customers?

Yes. Having been a champion of consumer complaints, admittedly, we're totally out of radar DGCCRF.The service was bad a year ago, we made a lot of work, it is now correct. And we will still improve.

Having renounced the 4th license, what are your plans in the mobile?

Our priority remains the fiber. On the mobile, we are virtual network operator Bouygues Telecom. We will soon launch a 3G and a key card offer prepaid. But we do not support the pedal fully, because we can not afford to spend millions of euros to acquire a subscriber base.In 2010-2011, Numericable focuses on profitable growth.

Are you still handicapped by the weight of your debt?

Having renegotiated our debt with the bankers in November, we loosened the noose and we are perfectly comfortable with our deadlines for repayment of 1.5 billion euros by 2014.

The connected TV is it a concern for you, whose job is to aggregate a bunch of strings?

It is a subject that we anticipated early 2009 with our range of interactive TV "2.0", and we continue to invest. We have discussions with several manufacturers of televisions. In April, Numericable present its first applications in the form of widgets available on the TV screen.We will launch thematic portals (youth, sports, entertainment …) which will become real media capable of guiding the client and recommend programs.

A shock exceptional in its scope but not its duration. Coface, which examines the risks of outstanding companies, announced Monday at a symposium on the country risk, the end of the credit crisis. While recalling the unprecedented nature of this recession, the worst post-war related to the bankruptcy of Lehman. Between its 2007 peak and the lowest point in 2009, the global economy fell by 6.1 points, two times the oil crisis of the 1980s or the collapse of the dotcom bubble.

"There is a strong correlation between the curve of defaults and that of economic growth, said President Francois David. For six months we see an improvement in creditworthiness of companies. "After rising 19% in the first half of 2009, the total payment incidents has decreased by 40% over the last six months.With this improvement, Coface has revised upwards its ratings, while it had conducted several waves of decommissioning throughout the crisis. Note that unlike traditional agencies, which follow the sovereign debt, the insurance company is only interested in credit risk business. The improvement is true for most industrialized countries. The A2 rating of the United States is no longer under negative watch while France, Germany and Japan, in particular, came under positive watch.

Household debt

But if the bulk of the storm passed, many clouds darken the sky of the recovery. It is primarily the weakness of private demand, which remains constrained by the debt ratio and savings rates, and deterioration of the labor market."The key to growth lies in the particular behavior of the American consumer, accounting for 18% of global GDP," notes Francois David.

Another black spot, the rate of industrial capacity utilization remains limited, especially slowing business investment. "The recovery in 2010 will depend even public spending," says the chief economist at Coface, Yves Zlotowski. With the risk of digging a little more deficits. The situation is particularly alarming for the "pigs" – Portugal, Ireland, Greece and Spain – where the debt has increased the most between 2007 and 2011. "The markets could force them to implement budget cuts, which contribute more to the recession," said Yves Zlotowski. The economist is also concerned about overheating in China and the rebound of stock markets, including commodities, stronger and faster than the real economy.Coface expects global growth in 2010 of 2.7%, driven by emerging markets (5.3%) against 1.4% for developed countries.