Daily International Headlines

Neither seen nor known. For five years, just ahead of their quarterly publications, 18 major banks like Goldman Sachs, Morgan Stanley, JP Morgan Chase or Citigroup, have simply replaced the box for "debt", a figure from another, much smaller, according New York Fed. On average 42%, according to figures from the institution, reports the website of The Wall Street Journal (WSJ).

Why? Because they fear being punished by the stock market investors, who watch carefully the amounts of debts and, thus, the risk levels of a bank. And also because they fear that the ratings agencies are reviewing their notes down overnight pay day loans. What would frighten investors Exchange.

In fact, between two publications, the debts are upgraded in the accounts.In the end, nothing illegal, writes the WSJ Online, which emphasizes that while some complained of the banks confirmed this tinkering, representatives of Goldman Sachs, Morgan Stanley, JP Morgan Chase and Citigroup, have made no comment.

The spokesman for Bank of America has however stressed that "efforts made to manage our balance sheet size are suitable, and these strategies are compatible with the rules and accounting standards.

In recent years, the owners have too often been a drift of their trustee fees (see also the investigation of abusive practices on an individual trustees). They tended to vote in general meeting a basic package at attractive rates, but charge extra for many tasks that should have been part of their standard delivery. In an attempt to end these abuses, the National Consumer Council (NCC) was made in September 2007, a notice setting out, in consultation with the condominium associations and professionals, a list of 44 tasks to be included in the basic package. Professionals do not always having complied late 2009, the government has decided to publish a decree making such recommendations mandatory.All contracts voted on after 1 July 2010 must comply with these new requirements

A stopped too shy

The condominium associations, the ARC (Association of Chief of joint ownership) and the association CLCV (consumption, housing, environment) in mind, regret that the order did not go further advance payday. It does not specify what effect do the terms current management task, or tasks. Thus, the trustees may continue to charge benefits sometimes fanciful, for example, emergency management during the day, the return of applications to the bailiff and lawyer, or sending emails.Another problem is the order also allows trustees to charge shareholders' meetings held outside office hours and charge extra for some of the archives, the archives only useful (condominium regulations, minutes of general assembly, contract work etc …) are included in the current management.

ALSO READ:

"Condominium: too many bad students

"New rules for trustees

"The trustees' fees better supported

Eleven days after that Nicolas Sarkozy has assured that the European Commission would propose a carbon tax in June border, Brussels released Tuesday, a text that could shower the certainties of the Head of State. "A carbon tax at the border has a considerable number of drawbacks, experts believe the Commission in a document of 60 pages devoted to" innovative international financing, "presented by three commissioners, including the Lithuanian Algirdas Semeta for taxation.

Following the regional elections, Nicolas Sarkozy has postponed the carbon tax, its implementation conditional on the adoption of a "tax border European" would apply to products from the 'polluter pays'.

Trade disputes

The idea largely divides the bloc, and the report points out the reluctance of Brussels."First, (the tax) should be designed to ensure legal consistency with the WTO (World Trade Organization). This obstacle is surmountable by experts held Bercy. The fact remains that the tax, according to Brussels, "could provoke trade wars and retaliation" fast cash. The fears about China but also the United States. "Secondly, the report continues, the administrative costs could be very high because the tax rate would vary depending on carbon emissions generated by each taxed product."

On March 26, following the European Council, Nicolas Sarkozy had been assured that "the question of a border adjustment mechanism" was "unavoidable", adding: "no country objected."According to the French President, the European Commission in June propose a mechanism of carbon tax at the border. This initiative does not appear in the official statement of the conclusions of EU summit. "It is an interpretation" by the Head of State, politely commented an official of the Commission. "The border tax," says this source in Brussels could be discussed "early May" between the commissioners involved in the revision of the directive on the taxation of energy to appear in a document may only be a proposal.

Profit-taking in Tokyo on Tuesday morning after sessions sharp rise. Around 6.45 am, the Nikkei 225 was down 0.52% at 11,280 points and the Topix similarly evolves and reaches 990 points.

However, the region is not affected: The main financial centers of Asia and Pacific region posting gains, as the Hang Seng in Hong Kong, which climbs from 1.4% to 21,537 points or the S & P / ASX Sydney, rising from 0.88% to 4950 points. The Australian central bank has postponed the sale of its decision on interest rates.

In India, the Bombay SE gleaning some points to 17,937 points.

The good news on the economic front in the U.S. have this optimism. Notably, the month of March, the U.S. economy created 162,000 jobs and the unemployment rate remained steady at 9.7%, according to Labor Department statistics.

Toyota Prius has sold its

In exchange, securities Toyota displayed a decrease of 1.3% to 3.765 yen. Despite reminders of the brand, sales of the vehicle hybridecontinuent to dominate the Japanese market no fax cash advance. The Prius hybrid car has remained a bestseller in Japan for the eleventh consecutive month in March, despite the technical flaws that led to the recall of about 200,000 copies a month earlier in the archipelago. A total of 35,546 Prius have been sold in Japan last month, almost seven times more than a year earlier.

Furthermore, the manufacturer will recall some 12,984 vehicles sold in South Korea because of mats may impede the accelerator pedal, said on Tuesday South Korean Ministry of Transport.Three models are involved: the Lexus ES350, Camry and Camry Hybrid, the ministry said in a statement posted on its website.

Isuzu Motor bend 2.7%, to 255 yen.

At the meeting this Tuesday, resource stocks led the dance, like Rio Tinto in China, which climbed 1.5%, Woodside Petroleum in Australia, which has won 1.5%, New Zealand Oil and Gas was up 2% and Inpex of Japan grants itself the index 1.1%.

The trials of Bernard Tapie judicial ended. Charged with the raising accounts of two of his companies, Groupe Bernard Tapie (GBT) and Bernard Tapie Finance Real Estate Federation (FIBT), who were insolvent, Bernard Tapie has been released by the Paris Criminal Court on Friday . What the prosecution had requested in February.

"This release was expected in fifteen years. The court held that it would never have been there and there would never have to be a liquidation, welcomed Mr. Maurice Lantourne, attorney Bernard Tapie.

His other lawyer, Herve T?mime, even says that Bernard Tapie, "has been a settling of political scores and this case was for him a brake on business and politics." According to him, this release is primarily a "rehabilitation with accountability" of Credit Lyonnais.In 2008, the Consortium for implementation (CDR), a public body responsible for settling the liabilities of the bank, accused of having swindled Bernard Tapie in the resale of sports equipment manufacturer Adidas, has been ordered to pay 285 million euros the former minister.

Settle his accounts with the law

Bernard Tapie has always claimed that his two companies have not been bankrupt, had he not been swindled by Credit Lyonnais in connection with the sale of Adidas. His lawyers had argued that "the offense of bankruptcy is no longer possible", since "the first element" essential to a bankruptcy, ie liquidation or judicial relief, no longer exists.

The FIBT owned industrial heritage and financial Bernard Tapie and GBT wore his personal assets. The two holding companies were declared bankrupt in 1994.A winding canceled December 7, 2009 by the Paris Criminal Court.

In the battle to win the open market for U.S. tanker, the Airbus European Aeronautic Defence & Space (EADS) has granted a period of 60 days to decide whether to submit a bid against Boeing.

The Pentagon spokesman, Geoff Morrell, reports and an extension of time less than 30 days that the EU had asked to be ready. EADS had clearly indicated that it took at least 90 days to prepare a bid for this contract represents $ 40 billion. Washington finally gave up and decided on July 8 to accept new files payday advance.The contract will be awarded in the fall.

The EU was primarily associated with the American Northrop Grumman, which finally withdrew its bid in early March, arguing that a device already left Boeing favorite, given the terms of the tender market.

On another aviation market, the Brazilian airline Tam expects an increase in traffic of 18% over its territory in 2010, against 14% last year.

ALSO READ:

"Refuellers: Obama promises a selection of" free and fair "

"EADS seeks a deadline for the tanker contract