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It will still wait to see Renault to build a new high-end model. The next generation of the Laguna and Espace, which is currently working on the group, "come out from the end of 2014," said Jerome Stoll, the commercial director. Replacement of the Vel Satis, ie the launch of a large luxury sedan, however, is not expected at this time, unlike what was envisaged in the fall in 2 to 3 years.

Frozen during the crisis, the renewal of Renault's high-end drags on. Originally planned for 2010-2011, the output of the successor of the space has continued to be shifted. Last September, the group was a sale of this vehicle in 2013-2014.

Yet it is urgent. The manufacturer has stopped production of its Vel Satis end of 2009. Last year it sold just 53,700 17,000 Laguna 3 and 4 space, two models from 2007 to 2002."As a carmaker, it is vital for Renault to be present on the high end" in order to have an offer modern hotel located above the Scenic MPV, Jerome Stoll said. Another issue this type of product takes the image of the entire line up.

PSA on the offensive

The subject was presented recently to the agenda by the government, major shareholder of the manufacturer, who insists that Renault acquires a high-end product in France high quality business cards. The next Laguna and Espace, however, could also be manufactured abroad, to markets outside Europe, according to an internal source.

The weakness of Renault on the high end is more apparent than his rival PSA increases the offensive in this niche. Citroën has introduced the DS4, the second model in its distinctive range DS. And Peugeot marketed earlier this year its 508.Originality of the approach, the 508 and the future DS5 will be manufactured and sold in both Europe and China, to amortize development costs.

If he wants to go upmarket, Renault will be faced with the difficulty of having to do the splits. For the same time, the group intends to accelerate the development of its low-cost Dacia brand, to bring it to 2% market share in Europe in 2013. Counting models of this type sold under the Renault brand internationally, this range could be up to 30% of sales of the manufacturer in this horizon.

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Schools, colleges, high schools, universities, governments and businesses will be closed ultramajorité Monday. Not because of a strike call would be strongly followed, but due to the National Solidarity Day, established in 2004 – through the elimination of the holiday falling on Whit Monday – by Jean-Pierre Raffarin.

The working day "offered" by the employees was instituted after the heatwave of summer 2003, which caused the deaths of 15,000 elderly and highlighted the extreme isolation of some people. Employers were free to set the terms of agreement by company or branch.The idea is to offset a new tax of 0.3% on the payroll who also hit the capital income and wealth.

Most of the time, a day of paid leave or RTT was sacrificed in exchange for work on Whit Monday.Some companies might choose to "dicked" day of extra work and free: in two half days without a student in Education or seven hours spread over the year at the station.

13 billion in seven years

Before the general disorganization – nobody knew when the Day of Solidarity was falling – and many recriminations trade unions, associations or religious, the Fillon government decided in 2008 to remake the Whit Monday public holiday and therefore not working no fax payday loans.

Since its inception seven years ago, the Day of Solidarity has reported 13 billion collected from public and private employers by the National Solidarity Fund for Autonomy.The annual levy – which will yield 2.31 billion in 2011 – is intended to cover devices cons dependency: Standard ABS and PCH allowances, retirement homes and special schools … It has 60% elderly and 40% for people disabilities.

To finance the care of elderly dependency, it is suggested to establish a new day of solidarity that would yield, according to Roselyne Bachelot, 2 billion more. Others still offer to extend the base's contribution to the professions and retirees who are currently excluded.

The government hopes to facilitate donations between generations. Under the supplementary budget reforming the ISF, he filed an amendment to amend the rules for tax-free cash grants, aimed at children, or failing that, nephews and nieces.

Today, only people aged under 65 years can make a donation to a limit of 31,865 euros per child every six years, provided that the recipient is an adult. Which severely limits the use of this measure introduced in 2007 as part of the TEPA: few were those who could frequently reiterate their giving, while bringing its conditions. Now, if this amendment is passed, the age limit be raised to the donor, until age 80, currently the age limit applies to donations made to the grandchildren.

However, the government plans to extend the period of six to ten years, two tax-free donations guaranteed high risk personal loans. According to Les Echos, the amendment would increase the cost of these donations for the state of about 200,000 euros, while the expenditure had amounted to 190 million euros in 2008.

The tax on estates will also be heavier, to offset the cost incurred by the reform of the ISF. The rates for the last two installments of the tax scale progressive succession on each of five percentage points to 45% maximum. According to the supplementary budget, 1600 heirs should be affected by this weighting, a gain estimated at more than 130 million euros.

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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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It's a story that Societe Generale would have preferred to keep to herself. Since the freezing of Libyan assets earlier this year, the French bank has made its discreet yet welcomed funds investments of the Libyan Investment Authority (LIA), the country's sovereign wealth fund of Muammar Gaddafi. According to a document published by the NGO Global Witness and Le Monde on Thursday, the LIA has investments in three funds of SocGen, now frozen: Soc Gen Europe Medium, Soc Gen CODEIS Strategic Equity Fund, and Soc Gen Cross Roads 5Y Link Notes. This is a set of structured products that allowed Libya to diversify its portfolio.

The case was not even interesting for the French bank that has faced very disappointing returns in 2010.Thus, the value of the three financial products is increasing between the first and second quarters last year, 1.8 billion dollars (1.27 billion euros) to 1.05 billion. The only funds specializing in Europe, Soc Gen Europe Medium, which alone weighed 1 billion dollar saw its value drop by 43% to 498 million.

BNP Paribas, JP Morgan, Goldman Sachs …

The French bank is obviously not the only one who sows the seeds of funds from the Libyan regime. The names of several banks are well surface, which another French BNP Paribas, as well as American as JP Morgan and Goldman Sachs and Credit Suisse and Britain's HSBC. In total, these financial institutions managed almost $ 5 billion in assets (3.5 billion euros) over the 55 billion dollars of financial assets of the LIA.Overall, losses collected by these funds would be heavy: their value would be increased from 5 to 3.5 billion dollars last year.

But for NGOs, collected more than the losses is the involvement of these prestigious institution in managing the funds of a scheme which is now discredited defendant. "It is striking to see how many large institutions were ready to do business with the Libyan regime, knowing the potential risk of misuse of state funds for personal use," says Robert Palmer Global Witness, in the columns of the Financial Times.

In his defense, Societe Generale said it acted legally and accurately manage the investments of several state funds in the same way.Remember, the banks and financial institutions held 8.233 billion Libyan dollars (5.84 billion euros) in deposits and loans from French banks to September 30, 2010.

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Christian de Boissieu, an economics professor at the University of Paris-I. Photo credits: Jean Ayissi / AFP

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 Paris Bourse continued to rise Wednesday. The CAC 40, which arrived Tuesday night to close just above the 3900 points has exceeded this time the threshold of 4000 points to 4004.62 points for a gain of 2.46%. Investors put aside fears about debt to focus on strong corporate earnings.

Side currency, the euro resumed height and climbs above 1.44 dollars on Wednesday enjoying renewed interest from investors for the risk. Around 11:20 in Paris, the euro stood at 1.4477 dollars against 1.4334 dollars late Tuesday. The European currency enjoys a renewed interest from investors for risk.The euro was also buoyed by the success of a bond issue for Greece, which borrowed 1.625 billion euros Tuesday to three months, during a broadcast more than three times oversubscribed.

Oil continues its launch, after rebounding yesterday in New York, supported by a sharp weakening of the dollar. The market remains concerned that high prices could weigh on demand and tensions in the Arab world. earns $ 1.22 a barrel to 109.50 dollars, in a context conducive to higher commodity prices in financial markets with a marked weakening dollar and rising stock market.The gold, it reached a record high on Wednesday morning, climbing beyond $ 1500, supported by persistent concerns about the global economy.

Japan trade surplus sealed

In France, industrial orders rose 2.4% in February after a sharp fall in January (-6.1%), the export orders is also rising (+3.5%) according to figures from INSEE.Within the EU, the European Commission on Wednesday urged an increase of 4.9% of spending in the 2012 budget of the European Union, an extension of 6.2 billion compared to 2011, already deemed "unacceptable "by the United Kingdom at the time of austerity across Europe.

Japan's trade surplus plunged 78.9% in March over one year to 196.5 billion yen (1.7 billion euros), weighed by the consequences of the earthquake and tsunami of 11 March.

PSA Peugeot, Bic and publish their figures Mersen

PSA Peugeot Citroen (4.71% to 28.45 euros) posted a turnover up 10.2% in the first quarter.The automaker on Wednesday confirmed its forecast of operating results for 2011, despite a likely impact of 150 million euros from the earthquake in Japan.

Bic (6.78% to 64.30 euros largest increase SBF), which has published a net increase of 52.3% due to consumer product, and despite the cons-performance products and promotional advertising. The group says 2011 could be the result affected by the cost of raw materials.

L'Oreal (3.12% to 85.80 euros) announced a net revenue growth in the first quarter, buoyed by an acceleration in North America which helped offset sluggish sales in Western Europe.Note also that Liliane Bettencourt, heir to L'Oreal and second richest woman in the world according to Forbes, the property was recovered from the island of Arros and reflects a way of showing the public its fabulous collections of paintings, furniture and jewelry, can be read in Le Figaro payday loans.

Also note the titles STMicroelectronics (6.11% to 8.38 euros) and Alcatel-Lucent (5.15% to 4.16 euros) leapt at the Paris Bourse, driven by quarterly results from Intel and IBM U.S. that exceeded market expectations.

NicOx freefall

Saft (3.97% to 30.88 euros) announced that its joint venture with U.S. firm Johnson Controls has been selected to supply the battery system powering the electric motors of future Chinese carmaker Beijing Electric Vehicle Company (BAIC group ).

NicOx (-17.66% to 1.88 euros) announced Wednesday its decision to withdraw the application file for permission to market its anti-inflammatory Naproxcinod in Europe.

GDF Suez (2.28% to 27.08 euros) states his displeasure when the government has formalized Tuesday in tariff of electricity from nuclear power for EDF's competitors. This decision precipitated also the question of a reconciliation for Poweo, reads in Les Echos.A reconciliation with Direct Energy would make sense, "says Loïc Capéran which the group hoped a wholesale price of electricity sold by nuclear EDF at 35 euros per MWh.

Credit Agricole (2.58% to 10.93 euros) reaffirmed that successfully pass the new tests of resistance and meets the criteria of Basel III solvency without resorting to a capital increase.

The French group Technip Petroleum Engineering (2.76% to 75.32 euros) announced Wednesday it had won, in consortium with Tome Engenharia, a contract to supply equipment and monitoring of their operation in a refinery group Brazilian Petrobras.The contract amount was not disclosed in the statement.

NYSE Euronext (1.73% to 27.42 euros): Nasdaq OMX Group and Intercontinental Exchange (ICE) have sought to open negotiations on a buyout of NYSE Euronext's offering of $ 350 million in case rejection of their offer by the authorities.

Spir Communication (1.29% to 41 euros) has confirmed a target EBIT profit in 2011 after signing up 3.5% of its turnover in the first quarter thanks to its Internet operations.

Transgene (-0.88% to 12.59 euros) has issued operating income of 3.56 million euros, against 3.48 million a year earlier, thanks to increased research grants. In late March, the biopharmaceutical company had cash of 169.8 million, against 180.3 million in late 2010.Its cash expenditures amounted to 10.6 million in the first quarter.

Tonight, after market, expected sales of Accor, Schneider Electric, and APRR HighCo.

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 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.

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