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The events in Libya amplify the concerns of motorists regarding the evolution of crude prices. Thus, the survey of ViaVoice over 70% of French people believe that higher pump prices will continue in the coming weeks. Fuel prices have increased on average by 17% since January 2010.

Faced with these developments, the French government decided to react by increasing tax deductions enjoyed by many consumers who use their vehicles in the workplace. A 'revaluation of 4.6% flat rate mileage applicable to 2010 income tax "was proposed Tuesday by Prime Minister Francois Fillon. Nearly 5 million consumers could benefit.

Contribution of oil companies estimated at 100 million euros

To finance the tax deductions from motorists hit by rising fuel prices, the Energy Minister Eric Besson account the contribution of oil companies. It would be assessed "around 100 million euros," said the ministry statement paperless payday loans. This contribution has been "encrypted services Baroin," Budget Minister, Eric Besson said on the sidelines of a conference on oil in Paris.

A meeting between professionals refining and representatives of the French government is expected next Monday. Minister of Energy and the Economy Minister Christine Lagarde and Secretary of State for Trade Frédéric Lefèbvre with oil companies will define the modalities of this contribution, intended to mitigate rising fuel prices in France.

In the statement released Tuesday after the announcements of the Prime Minister on the regulation of energy prices, UFC-Que Choisir describes the contribution of "drop of water to a sea of ​​expectations", adding that the commitment of France "seems very thin."

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The CAC 40, which won in the 4000 points on Monday night, amid record oil prices and gasoline, returns to form on Tuesday: the index 0.67% to 4017.34 wins points mid-term. The DAX index of the Frankfurt Stock Exchange ahead of 0.17% to 7173.90 points while the Footise London declined 0.12% over the closing Monday at 5,966.85 points.

Last night, Wall Street has yet suffered during the black gold but this morning, Asian stock markets have evolved around the equilibrium. Tensions in the oil market will settle down when in fact that Nigeria, Kuwait and the UAE will increase their oil production by April to offset higher prices that now exists as Libya comes into civil war with an additional 300,000 barrels per day, according to the Financial Times.This morning, oil prices dropping a bit of ground: a barrel of light sweet crude for April delivery yielded 1.41% to 103.95 dollars and that of Brent North Sea fell by 1.16% to 113.71 dollars.

French growth of 0.8% in first quarter

Side macroeconomic figures on Tuesday to watch: Bank of France said Tuesday forecast growth of 0.8% of gross domestic product (GDP) of France in the first quarter of this year in its monthly business survey. The survey on business climate shows a continued growth of industrial activity in February, but at a slower pace than in January, the indicator remained stable 110.The business climate indicator in services has increased in parallel from one point to 102.

Moreover, the trade deficit widened from France in January, to 5.89 billion euros against 5.60 billion the previous month, seasonally adjusted data, the Customs said Tuesday.

In Germany, it will follow at noon, industrial orders in January (Destatis). No statistics are expected this afternoon from the United States.

On the foreign exchange market, the euro lost it again a little ground against the dollar on Tuesday as investors reaping some profits after a summit in four months yesterday. About 11:00 am in Paris, the euro bought 1.3918 dollars against 1.3971 late Monday.

Scor: net profit up 13%

At the Paris Stock Exchange on Tuesday morning, Michelin took the top ranking (2.51% to 59.19 euros) the Cac 40, followed by Axa (+2.49%).Red side, Alcatel Lucent was down 2.72% on profit taking as well as Capgemini 0.62% and 0.53% of GDF Suez.

The SBF, Scor (-1.69% to 21.43 euros) also suffers profit taking. The reinsurer recorded in 2010 net profit up 13% to 418.0 million euros, above expectations, thanks to a surge in financial products, according to a statement released Tuesday. It is also in talks to buy the U.S. Transamerica Reinsurance, a subsidiary of its Dutch rival Aegon, reports Bloomberg.

Air France-KLM (+0.34% to 11.64 euros) reported on Tuesday morning traffic on a February increase of 4.9% capacity increase of 5.1% annual rate . This brings "a quasi-stable load factor to 77.6%," says the airline in a statement.Passenger numbers rose 5.7% to 58.1 million.

Side values, the oil services group Technip (+0.52% at 71.09 euros) has signed a contract worth around 45 million euros for the Gjoa Field Development in the Norwegian North Sea, he said Tuesday in a statement.

LVMH (+0.75% to 113.80 euros). Bernard Arnault, CEO of LVMH, said that the purchase of Bulgari and the agreement with family shareholders of the Italian jeweler might show interest in the Hermes family of a rapprochement with his band.

To be continued this evening, after-hours trading, the 2010 earnings of Havas and BioMérieux.

While oil continues to surge, Asian stock markets continue to plunge. The Tokyo Stock Exchange is preparing to close a third straight session on the downside. The Nikkei 225 Index, which still loose 1.19% to 10,452.71 points at the close on Thursday, losing about 3.5% since the beginning of the week. A performance-cons also linked to the rise of the yen, the dollar-yen has fallen about 1.5% in a week. 82.03 yen a dollar symbol.

In contrast, China's financial markets are fairly resistant, backed by the coal industry. Indeed, investors expect that the surge in oil prices spur demand for alternative energy sources. Suddenly, the Hang Seng Index in Hong Kong as the CSI 300 Index of Shanghai are stable at 22,923.90 points and 3176 payday loans.04 respectively points.The Taiwan TAIEX index gained 0.15% to 8541.64 points.

Conversely, the KRX 100 Index lost 0.59% to 4165.88 points, the S & P / ASX 200 Index dropped 0.76% to 4809.30 points, the BSE Sensex 30 Index coward 1.52% to 17,902 points and the FTSE Straits Times Index is in equilibrium at 3000.86 points.

Crude prices have reached levels not seen for two years Thursday on markets in Asia, supported by the surge of violence in the Arab world and particularly in Libya, a major producer of black gold, analysts said. In morning trading, a barrel of light sweet crude for April delivery gained $ 1 to 99.10 dollars. That of Brent North Sea crude for April delivery has appreciated by 85 cents to 112.10 dollars.

Better than an official statement, an absence confirmed on Friday the Berlin waving speculation since Wednesday. The head of the Bundesbank, Axel Weber, was omitted from the Economic and Financial Advisory Franco-German gathering in Berlin, the German finance minister, Wolfgang Schäuble and his French counterpart, Christine Lagarde.

Since announcing his candidacy to the surprise withdrawal of the European Central Bank (ECB), which has overtaken Angela Merkel, the media do not broadcast in unison more than a single image: that of a man sweating big drops … As if the events of recent days had revealed a personality nerves too fragile to guide the euro out of the storm.

Axel Weber was called on Friday afternoon at another appointment, at the Chancellery in the presence of the Minister of Finance. It was for the Chancellor to push him toward the exit as quickly as possible.The president of the German central bank will leave office April 30, for "personal reasons". "His successor will be announced during next week," says a statement from the Chancellor very dry, which contains no shorthand praising the work of the President of the Bundesbank.

Jens Weidmann, 42, economic adviser to the Chancellor, who defends, as Weber, a monetary policy ultrarigoureuse, is the favorite to succeed him as "Buba".

Weber announced Tuesday night at his colleagues in the Executive Board of the Bundesbank, he renounced his ambitions to the ECB.He lamented a lack of clear support from the Chancellor in recent months, while his candidacy aroused opposition from several countries including France because of its monetary conservatism.

Liberals pledge to

For Berlin, put this former professor of economics at the helm of the ECB, was to guarantee the stability of the euro and thank you without a fight against inflation, which remains for the Germans absolute evil since the Great Depression of 1923. Within the coalition government, the appointment of Weber allowed to give pledges to liberal FDP and temper their opposition to an enlargement of the European financial stabilization (FESF). Now, Merkel may be forced to be even more intransigent on the issue of deficits to satisfy his allies in the FDP."This is a severe blow to Angela Merkel and a disavowal with respect to its European policy, has accused the leader of the opposition Social Democrats in the Bundestag, Frank-Walter Steinmeier.

Merkel now finds itself extremely impoverished. "Germany has little money makers with the right profile" to take the reins of the ECB, the daily economic Handelsblat t. The name of Klaus Regling, president of FESF, is often cited, but he has no experience of central banking. He's chief economist Juergen Stark also the ECB, but his candidacy would raise legal problems because he is a member of the Executive Board of the ECB.Friday, at the end of the economic council, Schäuble said that Berlin had never insisted that there be a German candidate for the presidency of the ECB …

Berlin could be forced to support the president of the Central Bank of Luxembourg, Yves Mersch, or the Bank of Finland, Erkki Liikanen, to bar the way to the Italian, Mario Draghi, a former Goldman Sachs. For his part, Weber saw that the media already succeeding Joseph Ackermann, the head of Deutsche Bank, could be forced to review its ambitions. The tenors of the CDU and FDP "advise" the biggest German private bank hiring Weber, considered "unstable."For its part, the opposition called for a "waiting period" of three years before the former president of the central bank can take the direction of a private bank that was responsible for overseeing.

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Jacob Wood, born in Shanghai 60 years ago, built a small industrial empire in Nigeria fast payday loan. Step by step, China is expanding its grip on Africa. (Paolo Woods)

For the second consecutive day, the mobilization continued Saturday in the French ports. In Fos, freight traffic was disrupted at the level of 80-90%, according to Serge COUTOUR, head of the CGT Dockers Gulf. In Marseille East, freight traffic was paralyzed at 100% for containers, according to Daniel Manca, general secretary of CGT Dockers port, which advises cruise passengers to "avoid Marseille. At Havre, the second French port, the movement also continued, including blocking container terminals. Finally, Nantes / Saint-Nazaire, 7 boats were stranded at the dock and 12 offshore.

Far from weakening, the movement should be required to continue at least until Monday included, the day new general meetings must be held.The CGT called in any case employees to continue the blockades.

Early departures

The strikers are mobilizing to defend their right to retire early in retirement under the hardship. CGT ports and docks wants to validate an agreement on the recognition of the harshness found in late October with employers' organizations, which would allow retirement four to five years before the legal age for port workers 5-6000 with funding based on the branch but also from public funds.

For its part, the government calls for a resumption of negotiations "within the framework defined by the Act of November 2010 on pension reform, which would reduce to two years in advance of departures.Thus, fewer people would be affected.

For Jeremy Julian, Deputy Secretary General of the CGT dock in Le Havre, it is "incredible back on virtually everything that was granted." Serge COUTOUR warns: "The mobilization is still to go. We try to drown us in the case of pensions, while our case was completely offline for two years. "

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"The state is trying to save the port reform

France asked Saturday free elections "as soon as possible" in Tunisia and announced it had taken measures to block "suspicious financial movements" of Tunisian assets on its territory.

In a statement, the Elysee said he had "taken steps to ensure that suspicious financial transactions involving assets in France are blocked Tunisian administratively under the law."

Paris "is available to the constitutional authorities to respond promptly to any request on Tunisian assets in France," the statement said the French presidency.

Calling for "healing and an end to violence," France has also requested "the organization of free elections as soon as possible" in Tunisia, claiming to be ready to "respond to any request for assistance so that the process democratic place as the most compelling ".

Recalling the principle of "non-interference in internal affairs of a sovereign state," Paris said at last bring a "strong support" to the Tunisian people in its "commitment to democracy."

More information to come.

(With AP)

It is a story of self-made man as the United States are used to produce it. Except this time, the hero is not American but Spanish. His name: Amancio Ortega. Little known to the public, it is nevertheless the founder of the Zara clothing chain. He is also the creator of a leading global textile, Inditex, which includes other brands such as Bershka, Pull and Bear and Stradivarius yet. At 74, his fortune is staggering: 25 billion, which ranks the ninth place of the largest fortunes in the world according to Forbes. It is, in turn, the richest man in Spain.

If Amancio Ortega is little known because he shuns the media like the plague. His public appearances are rare and media outlets can be summed up ads on the strategic directions of its group.Monday is an illustration: in a short letter, he announced that he give up his seat as chairman of Inditex to its vice-president, Pablo Isla, 46. "The time has come to propose that Pablo Isla was appointed Chairman, without it prevents me from staying in the company and its board of directors," he says. The torch will pass at the next shareholders' meeting next July.

Deliverer to billionaire

Confidentially, Amancio Ortega will now give the reins of an empire of about 5,000 outlets in over 75 countries worldwide. An empire whose foundations were built in the family room, with his wife, his brother and sister-in in the 60s. Together, they make dresses and gowns. Amacio Ortega is so very inspired by fashion Payday advance.This son of a railroad worker, who left school at 14 years, this has meant to his years spent working as a deliveryman for a store shirts.

At 27, he goes Confecciones Goa, specializing in lingerie and ready-to-wear for hypermarkets. But the first real success of this family team will launch a Shetland sweater that will allow Amancio Ortega have enough income and credibility to expand its range of apparel. It opens in 1975 the first Zara store in his native Coruna always with the idea of copying designs from top designers to offer modest women. Based on low prices and rapid turnover stocks, the brand has an immediate success. Ten years later comes the holding company Inditex IPO in 2001. In 2010, the group posted an increase of over 40% of its profits in the first nine months of the year.Strong growth is also reflected by the opening of a hundred stores.

Amancio Ortega has since separated from his wife at the time, Rosalia Mera, one of the richest women in the world with a fortune estimated at $ 3.5 billion in 2010. The couple has two children. Moreover, it was rumored that his daughter succeeded him to carry the group's evolution, particularly in Asia and on the web with the launch of a website for Zara in September 2010. But for reasons of continuity in management, the family did not this time of its choosing.

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The "riots" in Algeria have made their first victims. According to a first official toll announced by the Interior Minister, two people died and 300 policemen were injured during the four days of violence.

A 32 year old man died Friday during riots in Bou Smail, a small town located 50 km west of Algiers, in clashes with police, medical sources said Saturday. Abdelfattah Akriche reportedly died after a tear gas grenade in the face. His body was transported to the morgue in the town of Qolea at about twenty kilometers from Algiers.

The newspaper El Khabar announced earlier Saturday that a young man of 18 years, Azzedine Lebza, was shot and killed the day before in Ain Lahdjel in the region of M'Sila, 300 km southeast of Algiers.He died instantly while the police tried to repel protesters who managed to enter by force inside the post office and the sub-prefecture, the newspaper said. Three of his comrades were also injured in the incident.

Show Riots in Algeria on a larger map

An interministerial council planned this Saturday

In Annaba, more than 600 km west of Algiers, 17 people were also injured, including three policemen by stone-throwing demonstrators, according to civil defense. One of three policemen wounded in the head is in a serious condition.

The clashes between young protesters and security forces resumed Friday in Algeria, including Algiers and Oran, and extended in the east and in Kabylia, despite appeals for calm from the authorities and several imams.In the capital, on Friday afternoon in the neighborhood of Belouizdad (Belcourt), groups of youths clashed with stones and glass bottles of police deployed en masse and heavily armed. The police clashed with protesters by making use of water cannons and tear gas.

For more than a week, small groups of young people complain around the country what they call their "bad manners", either because of employment-more than 20% of youth are unemployed or lack- housing. The authorities went out of their silence Friday: Algerian Minister of Youth and Sports Djiar Hashemi called on young protesters to "engage in a peaceful manner."Violence "never results in either Algeria or elsewhere, and that our young people know," he said during a visit to Constantine, east of Algiers.

An Inter-Ministerial Council is scheduled this Saturday to discuss ways to curb soaring prices of commodities, the source for a week of riots in the country, including violent protests Thursday.

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In the aftermath of a euphoric meeting for exchanges of Tokyo and Shanghai, the soufflé is quickly back down. Concerned Fed statements that blamed the weak recovery in the United States to the European crisis, Asian financial markets were down Wednesday. With the exception of the Stock Exchange of Hong Kong won 0.08% to 23,668.40 points and the Singapore Exchange, which takes 0.09% to 3253.29 points.

Otherwise, the Nikkei 225 Index was down 0.35% to 10,361.50 points. Registrations of new vehicles in Japan, excluding mini-models, dropped 28.3% in December on a year to 179,666 copies, but rose 10.6% in 2010 to 3.23 million vehicles sold (cons 2.92 million in 2009).However, automakers are facing the stock market Wednesday: Toyota, who faces prosecution of seven U.S. insurance companies, climbed 1.07% and Mitsubishi rose 1.26% to 2319 yen, and Mazda is 2.54 % to 242 yen. By contrast, Honda lost 0.62% to 3210 yen.

Other value for Tokyo, Toshiba, climbing from 2.23% to 459 yen. The industrial conglomerate of Japan has developed two prototypes of new LCD TVs larger sizes displaying images in three dimensions visible without special glasses no fax pay day loan.

Record investment for Samsung

Moreover, the CSI 300 Index of Shanghai lost 0.25% to 3181.61 points, the Taiwan TAIEX Index 1.59% to 8853.96 loose points, the Kospi in Seoul dropped 0.24% to 4448.39 points and the S & P / ASX Sydney was down 0.58% at 4714.90 points.

Note that the South Korean Samsung, which announced it would invest $ 38.3 billion investment in 2011 in research and development of new activities, fell 1.67% to 942,000 won, with Seoul Stock Exchange.

Qantas Airways hopes to relaunch its A380

Furthermore, the Australian company, Qantas Airways, confirmed Wednesday hope reactivate its Airbus A380 on flights to Los Angeles from January 17.At the Australian Stock Exchange, the share fell sharply from 1.21% to 2.45 Australian dollars.

Crude prices were trending lower Wednesday in electronic trading in Asia on profit taking after the recent rise, analysts said. In morning trading, a barrel of light sweet crude for February delivery yielded 38 cents to 89.00 dollars. Of Brent North Sea with identical maturity let go 49 cents to 93.04 dollars.