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The second plan of Barack Obama takes shape. The American president should present a program of 50 billion dollars (38.8 billion euros) in infrastructure upgrades, according to Reuters. Objective: To boost job creation, not dynamic so far, the agency said quoting "authoritative sources at the White House."

Obama vows to "work with Congress so that the program is fully funded, it has been noted. To finance the measure, the Obama administration plans to remove tax breaks for industries of oil and gas, as the authoritative source.

The President should also unveil on Wednesday a tax credit extension research and development, sources said. The cost of the measure would be 100 billion dollars over ten years.At a time when European countries are increasing the austerity measures, the U.S. government is preparing to take the cons-foot, two months before parliamentary elections in mid-term no faxing payday loan.

Tax Exemptions Expected

The tenant of the White House is also considering a series of temporary tax exemptions for businesses. The cost of such a device could however be high and difficult to adopt. An extension of tax cuts to middle class only adopted under George Bush, and incentives for loans to local banks were also discussed.

Members of the Obama administration, however, insist on the fact that these measures do not constitute a second stimulus package, at a time when all eyes are fixed on the level of public deficits and where one wonders about the effectiveness of the first stimulus plan of 787 billion dollars spent in February 2009.

(From our special correspondent in Tokyo)

François Fillon has dropped the word naturally. He who rejects the word rigor in Paris, finally telling the truth in Tokyo. "Of all the state budgets, the only one who is not subject to discipline is that of Higher Education and Research, argues the prime minister, at the turn of a sentence imposed before an audience of five hundred Japanese businessmen and under the approving glance of Christine Lagarde.

True to his outspokenness, the Minister of Economy has not taken greater care to reassure the business community Nippon concerned about turmoil in Europe since the sinking of the Greek economy. "There is not in France, I can assure you of hidden deficits. We have a package of structural deficits, but our accounts are audited very seriously, "warned the owner of Bercy.What has been told to François Fillon not without humor: "Unfortunately, there is no hidden revenue either!"

The European austerity plans discussed at length

He came to Japan to reassure businessmen and Japanese bankers, Francois Fillon has long defended the austerity plans implemented in the euro area. The European currency crisis causes, in fact, Japan concern and uncertainty about the strength of the European Union. The major daily newspaper Nikkei has made his One, two days ago, the 30% decline in investment in the euro countries during the first half of 2010.

"I understand that, seen from Asia, our operations can sometimes be difficult to perceive and understand. But Japan's national interest is not to turn away from the euro, "Francois Fillon urged by recalling that Europe is" the great market of the developed world with 500 million consumers.Incidentally, he ditch tackle the Anglo-Saxon does not deliver, he says, a "balanced view of the success of the European Union" and invited his audience to read the German press and French.

Before leaving Tokyo, Francois Fillon met with his counterpart Naoto Kan. In addition to macroeconomic issues, the two men discussed several issues of the Franco-Japanese: nuclear, automotive and aerospace.Weakened by his recent defeat in the senatorial elections, the center-left prime minister of Japan can not implement as it sees the budget and tax reforms that could reduce Japan's debt, too colossal.

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Off imminent. A new airline, African Oxygen, will serve the Dark Continent from late September, and this from Paris. The company has filed an application for a certificate of air from the Directorate General of Civil Aviation (DGCA). This card is indispensable for the operation of airlines, should be obtained in the coming weeks. Thirty pilots and a hundred flight attendants have already been recruited.

To start, the company leased two Boeing 767 with U.S. lessor International Lease Finance Corporation. The first aircraft, currently in Miami, should be delivered in Paris on July 15, the second in mid-August. According to our information, Oxygen will be a scheduled airline flights to Africa, but will not provide charter flights.The aircraft will be equipped with an economy class and business class to attract "customers high contribution," including executives of oil companies.

Five destinations are planned initially: Luanda (Angola), Abidjan (Côte d'Ivoire), Malabo (Equatorial Guinea), Conakry (Guinea) and Bamako (Mali). The company has obtained traffic rights to fly to these cities. She currently negotiate with Burkina Faso Ouagadougou to serve. By opening these destinations, Oxygen, which was established with a contribution of 25 million euros of "private European investors," said a source close to the case, addresses the most profitable destinations of Air France network. "The national airline is in a quasi-monopoly on Africa, says an analyst.Ticket prices are high due to a clientele of executives and individuals willing to pay the price for travel with Air France rather than African company. "

Lufhansa gaining momentum

Former executive of Airports of Paris, the founder of Oxygen, Steve Bokhobza, was chief of visits to several airlines. According to one of his collaborators, his intention is to recover the former Air France customers who now travel to Africa via the hubs of Lufthansa Group. The German competitor is indeed in full rise on the continent, where it already boasts so many destinations that Air France."As Lufthansa, Oxygen will offer prices 20% lower than those of Air France, said a close case, but will be direct flights from Paris." Eventually, the young company aims to operate four widebody to Africa and a dozen small devices in order to develop regional transport.

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

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

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

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

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

The IMF: a report on public finances G20

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

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

EADS net profit down 39%

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

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

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

The battered banking

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

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

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

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

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

This is the chore of spring fill the tax return. "It is very important that taxpayers do not spend too much time," even insisted Monday the Minister of Budget, Baroin at the press conference presenting the income statement of 2009. These forms will be sent between April 20 and May 5 to 36 million taxpayers. This year, the new measures primarily enable the administration to save money!

A revised schedule

This is the main innovation of 2010: Targets for declaration online no longer depend on the area of school holidays (A, B or C) but the department. Residents departments numbered 1 to 19 (of Ain Corr?ze) have until June 10 at midnight to Electronic Filing, those departments from 20 to 49 (of Corsica in Maine-et-Loire) until 17 June and all the others until June 24This reform simplifies the task of tax authorities, which will not need to prop up on changing the dates of the holidays. Electronic Filing on impots.gouv.fr is open from April 26.

Proponents of the paper have them until May 31 to return their declaration. This year, households will receive a single paper return. Without wishing to send two such until 2008, Bercy saves 360 tonnes of paper and 1.7 million euros.

A "GDI" to send

The pre-filled boxes are the same as last year: salaries, pensions and "income from securities and movable capital (income from life insurance, stocks …). Moreover, the tax would ask those who do not pay by bank transfer to state their bank loan no payday instant TeleCheck.Thus, the administration shall reimburse the taxpayer (for the earned income tax, the shield, tax credits) by transfer rather than by check. The 8 million checks sent each year by the tax cost him 5 million euros in printing, paper and postage. But this demand for bank details (RIB) is optional, not mandatory.

Family autoentreprise: new boxes

Under "marital status", the taxpayer must check a new box if one has raised a child for at least five years.

To qualify for the additional half-share, it will also make a sworn statement. Children in alternative custody this year are to be reported in the main declaration, and not in the supplementary declaration.In the latter, a category "autoentrepreneurs" was created.

Phone: Bercy hangs

Like last year, taxpayers no longer need a certificate so they can remote declarations from any computer. The number of remote declarations rose from 7.4 million in 2008 to 9.7 million in 2009. Baroin in hopes more in 2010. However, validation by phone is abandoned: only 5 000 taxpayers had used last year.

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Despite the crisis, credit brokers have limited the damage in 2009. According to the results of a TNS-Sofres at the upcoming National Real Estate * Meilleurstaux.com for the total amount of loans obtained through a broker, or about one quarter credits – showed a limited reduction of 7%. At the same time the total amount of mortgages granted fell from 140 billion euros in 2008 to 110 billion euros in 2009, falling by 28%.

Fear of rejection

Sandrine Allonier, head of economic studies at Meilleurstaux.com, believes that this resistance is partly cyclical brokers. "In a context of tightened credit conditions for some new borrowers for fear of their project, refused to turn to brokers, not just to get the best loan terms but to find a funding solution" .22% of 1087 respondents by TNS-Sofres and intend to use a broker rather than going directly to banks when they want to borrow. The proportion rises to 26% among persons belonging to AB + (executives, entrepreneurs, professionals, craftsmen …), target population brokers bad credit payday loans. People under 35 are also more attracted to this financing solution as their elders.

Time and money

Save time and money, remain the main hopes of the French who choose to go through a broker to obtain a mortgage. Among those who intend to use one of them, 89% will also for this purpose.Benefit from expert informed, more competitive rates and quick responses to their requests are the other benefits granted to brokers. According to Christian Camus, CEO of Meilleurstaux.com, 50,000 people to file a monthly record of credit application on its website.

* The National Real Estate Fair will be held from 8 to 11 April 2010 at the Parc des expositions, Porte de Versailles.

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Restructure its debt and enter the stock market with a dual listing in Hong Kong and Paris. This was the program of Russian Rusal, the world's largest producer of aluminum this year. The first step has been completed on time.

Prior to renegotiation, the group's debt amounted to 16.8 billion dollars (for a 2008 turnover of 15.7 billion dollars). It was reduced to 14.9 billion dollars. The group has completed one of its primary goals: reduce cost.

In detail, the 7.4 billion driven by international creditors (including large French banks) will be settled in two stages. The first four years, Rusal make principal repayments on the basis of its available cash. Interest will be paid partly in cash and the balance will be funded.

Then, the remaining debt will be refinanced for an additional period of three years. A similar agreement was reached with the creditors of the Russian group, which are 2.1 billion of debt, the new rate of 8-9%.

A value of 30 billion dollars

RUSAL also signed an agreement with Onexim – a leading Russian investment fund – the creditor group to the tune of 2.7 billion. The fund has agreed to convert $ 1.82 billion in a 6% shareholding in Rusal. This therefore values the company at 30.3 billion dollars.

Finally, net debt, estimated at 5 billion by counting the future interest will be subject to periodic payments by the fourth quarter 2013. The group has already indicated that some funds raised on financial markets would be used to repay debt.About 5 billion would be spent.

Oleg Deripaska, Rusal CEO and principal shareholder, welcomed "a project of such size and complexity without precedent." It remains now to get the stock exchange's business under pain of seeing nationalized. And even the Russian state does not acquire a significant share of its capital.

However, the IPO of Rusal is far from being a plain sailing. The group plans to make its debut on the coast of Hong Kong before the end of the year. A calendar that may be difficult to hold. In 2007, Rusal was considered a listing in London before giving it up.

Next year, South Korea will chair the G20, the group that includes the twenty largest economies in the world. She is so proud that the story would that President Lee Myung-bak has generously sprinkled his victory with Korean journalists on the flight back from Pittsburgh last September.

But the G20 is especially for Korea the opportunity to switch permanently to the big boys. Member of the OECD since 1996, it still suffers from an image of countries whose development it would get rid of. The prospect of the chairmanship of the G20 now gives him the means to take the step that separates the camp from rich countries.

The government does not say. But the past of heavy industry in Korea, automotive, shipbuilding, which earned him once beautiful success in foreign markets, it sticks a little too much skin.The "green growth" advocates now she must give him the tools to turn the page. "It's a gamble on new technologies and innovation," said Lee Dong-keun, Deputy Director, Department of Economics.

Behind the Japanese

The automaker Hyundai knows, like many Korean business leaders, he launches into this race with a long lag behind the Japanese. "But we are confident and ready to fight," he said. "The technology is a challenge that we face at the same time as we are moving increasingly towards service activities with high added value," added Chung Tong-soo, head of Invest Korea, the national agency promotion of foreign investment in the country.

The government were eleven service activities he wants to deregulate, including banks and health.Two very promising market for foreign investors, which ensures the state, are also associated with major projects related to green agenda of President Lee Myung-bak. The details of their participation have not been finalized, but they are "in December," says Yoo Beom-sik, director of international cooperation in the presidential committee for Green Growth. And until the country increasing the economic zones. No fewer than six are currently under construction.