World News – International Headlines, Stories

The Paris Bourse tries to back up the hill on Tuesday. The CAC 40, which began the day at the balance (-0.04% to 2998.29 points) climbed 0.73% in mid-session at 3021.58 points. Technical rebound but it did not last and one hour before the opening of Wall Street, the market revives loss: -0.75% to 2977.06 points. Moreover, stock markets are all in red with the exception of London (0.31%) and Zurich (3.70%). But the DAX in Frankfurt still loose 0.46% and 2.20% Milan.

Investors can not really come to their senses after the blow of yesterday who did fall by 4.73%, under 3000 points.The problems of sovereign debt, which resulted in all European markets falling and are still strongly back the Asian markets this morning, are at the heart of investor concerns.

Greece again centralizes all fears since the country's authorities and inspectors of the European Union, the International Monetary Fund and the European Central Bank, have suspended talks to ten days. The two parties disagree on the reasons and extent of delays by Athens in reducing its budget deficit. This situation endangers the second rescue plan concocted by the European Union. Some analysts believe even now that the plan was stillborn."Greece has already slipped over new deficit targets," said Bruno Cavalier, as well, an economist at Oddo Securities.

Nervousness is also high, whereas the German Constitutional Court will make its decision Wednesday on the highly anticipated aid granted by Greece to Berlin and the establishment of a European emergency fund. Germany is the main creditor of Greece in the eurozone.

"It's a stampede"

Also in the issue of debt in the euro zone, Italy is suffering from a new crisis of confidence while accumulating doubts on its ability to curb its deficit despite the adoption of an austerity plan this summer.Finally, union sources said yesterday that the Spanish Prime Minister Jose Luis Rodriguez Zapatero had recognized mid-August, the markets in crisis, that Spain was close to a "rescue" needed.

"It's the stampede, the free fall. Trust is the innermost and nobody does anything to reassure, "commented Xavier Villepion, sales of shares in Global Equities. "Investors have no reason now to invest in the equity markets," he says. "We are in a dynamic market similar to that of the fall of 2008, when prevailing psychosis triggered by the subprime crisis," said Patrick Jacq, bond strategist at BNP Paribas."Everybody goes in the same direction and fled to the German long-term bonds," he said.

"No recession in the U.S."

These problems of sovereign debt in addition to fears of a global recession while the health of U.S. economic worries. In this regard, World Bank President Robert Zoellick said on Tuesday that the United States was not threatened by a return to recession. "I do not think the United States and the world will fall into recession," he said.

The ISM "non-manufacturing" rose for the first time since May, 0.6 percentage points from July, reaching 53.3%, while the median forecast of analysts gave the down at 51.0%.

The European currency the euro was trying to rebound against the dollar on Tuesday, however briefly climbed back above the $ 1 cash advance loan.42 threshold.Eurostat also confirmed its first estimate of GDP growth in the euro area. It increased by only 0.2% from April to June after 0.8% in the first quarter.

The famous German ten-year Bund collects all the favor of investors and its yield, which moves in the opposite direction from price, fell to below 2%, unheard of.

Values ​​to follow

The bank still in the red

Bank stocks remained misguided in Paris and did not benefit from the rebound. BNP Paribas lost 0.91% to 31.02 euros, Crédit Agricole 1.83% to 5.74 euros, Natixis 0.51% to 2.55 euros and Societe Generale 0.64% to 20.12 euros.Some values ​​are more dependent on market conditions, however, fell under the head, the image of ArcelorMittal, which gained 1.84% in mid-session at 13.32 euros.

Audika: + 5.86% to 16.99 euros

The group released a net profit up 17.2% to 4.8 million in the first half, Audika has benefited from financial instruments, whose contribution represents about 400,000 euros.

Medica: + 4.51% to 12.74 euros

Medica said it had seven times its first-half profits to 20.7 million euros and raised its annual growth target of the activity of 15% to 17%.

NYSE Euronext: + 2.54% to 18.57 euros

The group announced a return to continuous trading, as of Thursday, September 8, a series of indicators of the Paris Bourse, the SBF 120, which was suspended on August 8 for technical reasons.

Casino: 0.51% to 55.56 euros

The retailer Almacenes Exito Colombia, 54.8% owned by the French group, has launched a capital increase of $ 1.4 billion (one billion) unveiled in late June.

Paris airport: + 0.52% to 55.79 euros

A consortium that includes ADP is one of the groups pre-qualified to take over the airports of Madrid and Barcelona, ​​said Monday the Spanish airport authority AENA.

Lagardère: + 2.25% to 19.73 euros

Arnaud Lagardere said the media group is considering a share buyback or payment of a dividend with the proceeds of the sale of the international magazine division.In an interview published Tuesday by the newspaper Les Echos, he also said that the withdrawal of the group of EADS will not happen until the release of the Airbus A350, the future long-haul European aircraft manufacturers.

Air France – KLM: + 3.31% to 6.14 euros

The group wants to save 700 to 800 million euros in additional savings and will also scale back its flight schedule.

GDF Suez: + 1.50% to 20.35 euros

The newspaper Les Echos, there will be no increase in gas rates for individuals on 1 October, the Regulatory Commission (CRE) does not provide a complete analysis of the tariff before the end of September.

Dry environment: -5.03% to 44.62 euros

The company said it was reviewing its goal of decreasing operating income (ROC) for 2011, it now expected around the level reached in 2010 after falling 2.7% in the first half.

During the day Tuesday, Sanofi will meet its strategy. Boiron Transgene and must publish their results for the second quarter.

ALSO READ:

"CAC 40: 3000 points, a psychological threshold for the market

In recent weeks, a new generation of vending machines first appeared in Paris. Located near the Parc des Buttes-Chaumont, the machine offers, 24 and 24 hours seven days a week, fresh bread, sold a euro baguette. One hundred and twenty rods craft, pre-cooked for ten minutes, are placed for maximum seventy-two hours in the refrigerated dispenser. The end of the cooking is done at the pace of demand for ten more minutes. They can then be kept for more than five hours, to ensure consumers of warm bread.

The origin of this world first, as original as vending machines swimwear and sunglasses located at the entrance to the pools, is Jean-Louis Hecht.The baker was able to marry fifties vending, mainly industrial and bakery.

"Small steps slowly"

It all began in 2001 when the contractor completed the first prototype of its distributor, together with a technical school in Moselle. He suggested "small steps small steps" toward a machine patented by the company and assembly of industrial equipment Mecondielle Portuguese. The investment is huge for this baker without the cost of the assembly, the machine comes already at 30,000 euros. Then you would need two hundred and fifty hours of assembly.

The machine, the first of which is in commercial service since January in Moselle, in the other bakery owned by Jean-Louis Hecht, naturally allows to inflate sales, thanks to its opening hours."It is also a strong vehicle for promoting that is not gray at the bakery, says Jean-Louis Hecht no fax needed payday loans. On the contrary, this innovation is a service that complements the baker's trade but do not replace. "

He said it will become indispensable in France and abroad, because of the quality of the product offered and the economic viability extraordinary profits are 30% higher than the store, according to the contractor.

A solution for villages without trade

In Paris, the distributor already sells 80 sticks a day, and Jean-Louis Hecht look forward to go further. The entrepreneur wants to "make the most of" his idea and does not sell his patent. He thinks big and would like to extend it by buying several bakeries and industrial equipment, backed by the facade.

The baker has other ambitions for his vending machine.A consulting firm located in Portugal working on a version independent of any trade, which would be installed in remote locations such as villages, tourist resorts or passage.

With the unmistakable design of his machine, Jean-Louis Hecht even considering creating a string, which spread in the desert regions of all trade, to allow each person to have its traditional fresh baguette every day. He finally claims that his invention has international potential, in Europe or the United States, where consumers are fond of "French baguette."

ALSO READ:

"The stick is new at McDonald's

Overtax businesses too generous with their leaders. The idea was launched by Prime Minister Francois Fillon in an interview published Saturday in Nice Matin: "With the government, I think about a device that is to overtax the companies issuing exorbitant fees." François Fillon and takes position on an issue that divides the majority.

The head of government is responding to the proposal of Xavier Bertrand, Minister of Labour and Employment, to "tax" or "frame" the "extravagant salaries." It lampooned in an interview published Thursday by Les Echos code of conduct drawn up on the subject of big salaries. "Write a code of conduct is good. The enforcement is better, "he said. Considering that some large companies did not comply with these principles, the Minister has threatened to legislate on the issue.

Shocked by some earnings

In Nice Matin, François Fillon rejects such an approach in trying to punish companies through a tax rather than the bosses through a ceiling unsurpassable. If it says "shocked" by some remuneration of senior executives, the Prime Minister "not [believe] not the regulation of wages for some totally disconnected from economic reality of the business and wage negotiations." However, he called the companies to regulate themselves. If they do not, the government will make decisions, he added.

François Fillon's statement takes an idea Baroin. The services of the Minister of Budget are working on the issue from the perspective of the tax reform of heritage to be considered in the fall paydayloans. Baroin said he wants "an exceptional contribution on income, not an outstanding contribution."The advanced solution: drain on companies making non-deductible from corporate tax wages too high.

The salaries of officers of the CAC 40 rose 19% in 2010 compared to 2011 according to a study of the expansion. Their average salary was 4.2 million. And increases do not always correspond to performance industrial markets.

No revaluation of the minimum wage

François Fillon said in the same interview in Nice morning that there would be no boost given to the minimum wage at its next revaluation. "Today, it would be an economic mistake. This will overwrite the hierarchy of wages and would drive up labor costs and thus unemployment, "he justified.

François Fillon has argued that "before 2000, the labor cost of products manufactured in France was on average 15% cheaper than in Germany."However, "since the 35 hours, this advantage was lost in some sectors such as agriculture and services, we are overtaking Germany," he said.

According to the Ministry of Labour and Employment, the next automatic adjustment of minimum wage-price inflation when the achieved 2% since the previous revaluation, "could take place" in August.

ALSO READ:

"The salaries of top managers rose sharply

The National Federation of Farmers' Unions (FNSEA) appealed to the government. While drought is raging in France, the farmers union asks the State to provide cash to farmers to help them cope with the shortage of grass meant to feed their animals. Fodder production, that is gathered at this time to make provisions for the winter, fell between 50 and 60% said Beulin Xavier, patron of the FNSEA. "Farmers can not wait to hit on October 16 in anticipation of EU aid, as we promised them," said union official.

Despite the "urgency", "there is no way for us to claim a tax drought as in 1976, however, said Beulin Xavier, patron of the FNSEA. This solution, which was adopted by Jacques Chirac, then prime minister, would have helped to tarnish the image of farmers."This tax has been misunderstood. We regularly pours on, "says Xavier Beulin. Its implementation in spring 2011 has anyway been rejected by the Minister of Agriculture, Bruno Le Maire and the Minister for Ecology Nathalie Kosciusko-Morizet who believes he is still "too early" to the contemplate.

Commitment of States to banks

To cope with the situation, FNSEA would, however, that the State undertakes to banks for lending rates to zero which will allow farmers to make the junction until mid-October. "We're not asking for alms," emphasizes Xavier Beulin.According to him, it is only from June to prefund the equivalent of Community aid promised for mid-October, amounting to 710 million euros.

This advance payment should allow producers to stop the "mass mailing" of animals for slaughter, whose numbers have doubled or tripled in recent days. The union says will fight together against another perverse effect of the drought: the fall in meat prices by excess supply, causing a further decline in incomes of farmers who can not pass on their price increase animal feed.

FNSEA also wishes to meet Guillaume Pepy, SNCF president, to discuss bringing straw and fodder in the coming weeks.

This call could have been heard. According to Le Journal du Dimanche, Monday, Bruno Le Maire should meet the prefects to take stock of the situation.The next day he will receive the banking, insurance and mutual funds. Then finally, producers and manufacturers. A reduction in charges and deferrals of loan repayments may be announced.

A further meeting of the "drought committee, bringing together water users (farmers, industrialists), elected officials and experts (Météo France, Bureau of Geological and Mining Research) is scheduled to meet later in mid-June.

54 departments under restriction

Measures of restrictions on water use extend in France. On its website, the Department of Ecology announced that 54 out of 96 metropolitan departments are now involved against 42 a week ago. Twenty-one are classified as level 3, that is to say, concerned by the measures the highest and four others are placed in a state of vigilance.Only the tip of Brittany, the eastern fringes of the country, the Massif Central and the Mediterranean shores to escape the time-limiting measures.

Water restrictions limit uses non-priority for individuals such as watering, washing cars or filling pools, and can also regulate agricultural irrigation.

The government announced the creation of a "watch unit" on electricity supply, while drought has reduced production of dams and the threat of nuclear plants.

ALSO READ:

"Drought: Farmers can no longer ensure

"Drought: Farmers oppose restrictions

»INFO ON DEMAND: The impact of drought in France

Not yet a candidate, Christine Lagarde was already the favorite to succeed Dominique Strauss-Kahn to IMF management, but two rivals have already expressed. Mexico will formally nominate Agustin Carstens, Governor of the Mexican central bank, said Sunday the Minister of Finance of Mexico. He "has the capabilities and qualifications to lead an institution of the importance of the International Monetary Fund," he said. Governor of the Bank of Mexico since January 2010, Agustin Carstens has been deputy director general of the IMF from 2003 to 2006.

Moreover, the Belgian Finance Minister, in office since 1999, Didier Reynders, said Sunday also be "of course" interested in the job. "These are functions that do not refuse," he added. But Europeans seem more a united front around the candidacy of the French Minister of Finance.This weekend, his candidacy has received the support of Germany and the United Kingdom cash till payday advance. The Congo would also like to see take the job.

In France, Martine Aubry said yesterday that the appointment of Christine Lagarde at the head of the IMF "would be a very good thing for our country and for Europe." However, Francois Bayrou is against, saying "do not approve economic policy which was followed by France" and lamenting that "Ms. Lagarde was the main actor of the case Tapie.

In a joint statement, Australia and South Africa have called Sunday a nomination on merit, not nationality.A position shared by the representative of Switzerland to the IMF.

After the resignation of IMF Managing Director, accused of attempted rape by the American courts, nominations for his successor will be officially opened on Monday, and until June 10

ALSO READ:

"Do you support the candidacy of Christine Lagarde to head IMF?

"SPECIAL – Matter DSK

After a session in the green Thursday, the New York Stock Exchange began the last day of the week to balance. In early trade on Friday, the Dow Jones was down 0.06% at 12,685 points, the Nasdaq lost 0.32% to 2854 points and the S & P coward 0.11% to 1347 points.

The tensions are still very vivid in the markets for raw materials and oil. The U.S. House of Representatives Thursday passed a bill to increase oil production in the United States to respond to soaring gasoline prices, despite opposition from the Obama administration to new drilling Wed For its part, China has announced to suspend its exports of diesel and severely restrict its exports of refined products to ensure adequate domestic supply and fight against inflation in fuel prices.Oil prices were higher Friday at the opening in New York, supported by a slight decline in the dollar in a market which is marked by volatility recorded this semaine.Vers 1:20 p.m. GMT, on the New York Mercantile Exchange (Nymex) a barrel of light sweet crude for June delivery traded at 99.32 dollars, up 35 cents from the veille.Il still traded above $ 100 just before the opening.

On the foreign exchange market, the euro regained some ground against the dollar on Thursday. About 11:00 am in Paris, the European single currency was worth 1.4316 dollars, against 1.4244 dollars on Thursday night. Yesterday, she had fallen in session at 1.4124 dollars, its lowest level since April 1.

Consumer confidence rises

United States, markets were reassured by inflation contained.The consumer prices in the U.S. rose as expected by 0.4% in April compared to March because of rising food prices and gasoline, according to statistics released Friday by the Labor Department.

Moreover, consumer sentiment recorded a rise to 72.4 in May unexpected vision against 69.8 in April, the index of the University of Michigan. Analysts were waiting to 70.

Yahoo! penalized

The side of values, the Nasdaq Composite is sealed by the fall of Title Yahoo (-5.18% to 16.28 dollars) after the Internet portal said Alibaba Group has reorganized the capital structure of Alipay, one of the leading online payment systems in China, without being notified when it is a shareholder of Alipay.

The earthquake in Japan, which has disrupted production car in the Japanese archipelago, has claimed its place as world number one sector to Toyota, doubled in the first quarter and probably for the year by the American General Motors ( 0.06% to 31.44 dollars) and Germany's Volkswagen. Toyota sold 1.79 million vehicles worldwide between January and March, down 12% year on year.Meanwhile, GM sold 2.22 million cars, and returning, at least for this quarter, the world number one spot he had sold to Toyota in 2008.

For his part, Nvidia (-6.65% to U.S. $ 19.14) reported after the close of Wall Street, for the first quarter of 2011 from a profit down 0.2% to 135 million. The gross margin was 50.4%, a record level. Sales reached $ 962 million against 948 million and 1 billion expected a year ago.For specialists Aurel BGC, "the group is clearly affected by the downturn in PC sales and growth opportunities on the shelf is far from certain … For the current quarter, the Group expects a growth of 4 to 6% of its sales. "

SunPower (-0.89% to 21.19 dollars) achieved during the first quarter 2011 revenues of $ 451 million against 347 million last year and a loss of $ 0.02 per share against a BPA from $ 0.13 a year earlier. For the current quarter, SunPower expects a turnover of 500 to 550 million.

CA Inc. (-8.86% to 22.84 dollars), formerly Computer Associates International) in the fourth quarter of financial year 2010/2011 a turnover of 1.13 billion dollars against 1.17 billion expected and earnings per share of $ 0.48 against $ 0.5 expected.About its prospects, the group expects a growth in turnover of 6% to 8% at constant exchange rates for the year 2011/2012, and GAAP EPS in the range of 1.79 to 1.86 dollar. In addition, the Board of Directors approved a quarterly dividend of 0.05 dollars per share and a stock repurchase plan of $ 500 million. Last night, losing the title

Nordstrom (-1.64% to 48.37 dollars) for the first quarter sales of 2.32 billion dollars, in line with expectations, and earnings per share of $ 0.65 against $ 0.67 and expected $ 0.52 last year. The board of directors also voted a share repurchase plan of $ 750 million.

The wave of mergers and acquisitions continues. Yum! Brands (+0.28% to 54.88 dollars) has announced the launch of a tender on the Asian restaurant chain Little Sheep at a price of 6.50 Hong Kong dollars per share.

The title Accor drops nearly 4% on Thursday morning at the Paris Bourse, and displayed a laggard in the Cac 40, which he, ahead of 0.31% to 10 hours. Yet when the hotel group unveiled on Wednesday night after the market close in Paris, its turnover, no data emerged disappointing. Activity in the first quarter of 2011 accelerated by 5.8% to 1.35 billion euros, is fully in line with analysts' expectations, and all branches (upper and mid-range, and economic) are affected by this improvement.

For experts, Natixis Securities, "this publication is especially encouraging that the group will be able to sell at least 1.2 billion euros of property assets in 2011/2012, which should theoretically allow the group to have no debt net to end 2011 and facilitate a possible return to shareholders. "

Lack of visibility

In reality, the problem associated with this publication sales is the lack of visibility and tone of careful management. Accor has not given any figures on its outlook for the remainder of the year. Although in parts of the Middle East and Africa pertubées – the group expects a shortfall of 10 million euros – the activity remains strong, the international context, plus lacatastrophe Japan, the concern investors.

In addition, over the coming months, visibility is poorer than in the past as customers experience less than 30 days in advance against 40 to 50 before.

Since the beginning of the year, Accor has dropped as more than 9% and has hardly changed since a year. The broker Credit Suisse has estimated its opinion to "outperform" on the value, with a target cost of 39.8 euros.Natixis, it is said to cover the purchase and now 40 euros, against 41 euros previously, in a note published today. Same strategy at Barclays, which reduced its rate from 42.5 euros to 40 euros while qu'Oddo came back from 42 to 41 euros. Matthias Desmarais, an analyst at Exane down the track is related to the impact, greater than expected, events in the Middle East on the group's operating income.

Flat screens, sleek … TVs are becoming more beautiful, too bad the picture is marred by the son. Chinese manufacturer Haier has designed a wire-free, not even electricity. The promise's dream.

On paper, the principle is very simple. "Within a radius of two meters, no need son. We create a magnetic field in which the electric current pass, and the image data, "said Rene Aubertin, president of Haier Europe. So just to have a box placed near the TV. The housing is connected by wire to the sector and possibly a cable or antenna reception ADSL and sends waves energy and information without loss of quality or power.

The advantage of such a solution would be to achieve dispense with all cables and son, including those connecting the TV to DVD players, Blu-ray … "We're obviously going to test the impact of technology on health" adds Rene Aubertin, who put on a launch of the first products in 2011 in China and Europe in early 2012. Haier, which is convinced that wireless "is a real argument for consumers' experiences another solution in the field. It is like this time the principle of induction. Just this time to ask its receptor (provided it is designed for) on a shelf, connected to electricity payday loans for bad credit. The current then flows between the post and the plate. The gain is a priori small, since it is necessary to connect the shelf and not the receiver.But Haier has wanted to go further in this direction and consider making this plate a kind of universal charger for all electrical appliances in the home. "Imagine, you go home, you put your phone on the plate and presto, it recharges itself," enthuses Rene Aubertin. Ultimately, the principle can be extended to objects as diverse as a PC, a kettle, a shelf …

Positioning in the midrange

Haier, which makes $ 20 billion in sales worldwide, including 600 million in Europe, wants a fivefold increase its presence in mature countries shortly. Television weighed barely a third of European sales in 2010 (the balance coming from appliances), it should represent more than half of next year."We develop products to make them more responsive to the expectations of European consumers," said Rene Aubertin, who wants to position products in Haier midrange. At year end, the brand will launch its first television sets connected and 3D with passive glasses (or polarized) at a price "significantly lower than competitors'.

The waltz labels worried the French. Fears about inflation have plagued the household index, which fell two points in March compared to February, is the INSEE. He found the levels of July 2008, at 83 points, well below its long term average (100).

The French duly recorded the rise in inflation is more likely to agree that it has increased in recent weeks (five points). Above all, "their views on future inflation rises sharply (15 points), reaching a level unobserved since July 1995," notes the INSEE.

Inflation expectations, in the words of economists, are largely boosted by soaring gasoline prices, which have a financial impact, but also psychologically very strong on French households. In early March, prices for unleaded 95 have beaten their record for the summer of 2008, averaging 1.50 per liter.

Fears about the decline in employment

Consequently, the French are not optimistic about their prospects for living standards (-3 percentage points from February) no fax payday advances. Similarly, public opinion about their personal future was down 4 points a month. And, logically, they feel that their ability to save will be lower in coming months. Already in 2011, households had to dip into their savings to maintain consumption.

The risk that such pessimism results in a decrease in consumption "remains the main threat hanging over growth prospects for 2011," warns Dominique Barbet, an economist at BNP Paribas.

Only fears about employment are declining. "Households are much fewer than in February to anticipate an increase in unemployment (-9 points)," INSEE reported. He is 40 points, the same level as the summer of 2008, before the crisis.

ALSO READ:

"New record prices for gasoline

»COMPUTER GRAPHICS – Modify and understand fuel prices

"The soaring price of gasoline boosts carpooling

»INFO ON DEMAND – How to fix prices of gasoline

The Tokyo Stock Exchange closed up 0.61% Wednesday to close at 10,589.50 points in favor of an easing in the price of petroleum products in the wake of U.S. markets up last night. The Topix appreciated him, from 0.55% to 944.29 points.

Saudi Arabia has reassured the markets by saying it had 3.5 million barrels of oil available. Oil prices relaxed slightly Wednesday morning in electronic trading in Asia: a barrel of light sweet crude for April delivery fell below $ 105 at 104.63 dollars.That of Brent North Sea stood at 112.70 dollars.

In Japan, orders for capital goods in the private sector, excluding energy and shipbuilding, rose 4.2% in January compared to December, the government said Wednesday its second consecutive monthly increase.

Facing the Japanese currency, the dollar and the euro took a downward direction Wednesday during trading hours. The greenback stood Wednesday close of 82.90 yen around the European currency and a little over 115 yen.

China's debt to 59% of GDP?

In China, the trend is less optimistic. In Shanghai, about 7 hours, the CSI 300 fold from 0.08% to 3334.65 points.China announced Wednesday the expenditure of more than 1300 billion yuan (142 guaranteed high risk personal loans.5 billion euros) this year for low-cost housing, while housing prices are soaring, excluding large segments of the market population. Some 10 million apartments will be renovated or built this year for low-income households, told the press Qi Ji, vice minister of Housing, in conjunction with the annual session of China's parliament.

Surprising information from the Wall Street Journal: China's public debt rose from 17% to 59% of GDP if we include the debts of the provinces and enterprises. An unknown factor that limits the means of action in Beijing to contain inflation, the U.S. daily analysis.

In Hong Kong, the Hang Seng 0.61% to 23,855.85 wins points.The airline Cathay Pacific (4.15% to 18.92 Hong Kong dollars) will place orders for 27 new aircraft, with the European Airbus and Boeing.

Elsewhere in Asia / Pacific, the counters are quite red: the Indian BSE was down 0.31% to 18,382.88 points and the S & P from Sydney fell by 0.84% to 4767.80 points and the NZX NZ stumble from 0.20% to 3414.42 points, and the Singapore Straits Times down 0.36% at 3092.72 points.