Daily International Headlines

The Tokyo Stock Exchange shows the green on Friday morning the Nikkei advance of 0.61% to 9876.10 points to 7 hours while the broader Topix rises at the same rate, at 854.39 points. A good mood, which contrasts with a local situation still fragile confidence of major Japanese companies fell because of difficulties due to the tsunami of March 11, and the extent of recovery is rendered uncertain by the lack of electricity under this was, according to the results of the Tankan index. According to the quarterly survey conducted by the Bank of Japan (BoJ) in June, the moral of the major manufacturing firms plunged by 15 percentage points in March to -9 points.

But the unemployment rate in Japan fell 4.5% in May against 4.7% in April, said Friday the Ministry of Internal Affairs.In May, there were 2.93 million unemployed in the rest of Japan, 11.5% from a year earlier (area basis) for a working population increased slightly from 0.1% to 60.19 million people.

In addition, new vehicle sales in Japan, excluding mini-models, dropped 23.3% in June compared to the same month last year, to 225,024 copies, the consequences of the tsunami of March 11 continued to weigh on the activities of automotive industry. The decline is however much less pronounced than the dives 50% and 38% respectively recorded in April and May, in the aftermath of natural disasters absolutely free credit score.

Greece supports the markets

But it is mainly Greek considerations that bear the financial markets yesterday.Like the European and American stock exchanges, the main financial markets in the Asia-Pacific moving sharply higher, while the Greek Parliament finally adopted the unpopular austerity plan, paving the way for the release of next installment Assistance from the European Union and the International Monetary Fund.

In China, the Shanghai CSI does it take 0.60% to 3062.44 points while the Hang Seng in Hong Kong is 1.53% to 22,398.10 points. Manufacturing activity in China continued to grow in June, but at a much slower rate, according to an index released Friday by an organization close to the government, indicating that the measures taken by Beijing to control inflation bear fruit.PMI purchasing managers of the China Federation of Logistics and Purchasing (CFLP) fell last month to 50.9, against 52.0 in May.

In South Korea, the KRX advance of 1.18% to 4512.99 points. In India, the BSE allows itself to 0.42% 18,924.60 points and Singapore's Straits Times gained 0.55% to 3137.70 points.

From 1 January 2012, the right to share from 1.1% to 2.5%. Thus decided on Wednesday the deputies and senators met in joint committee (CMP) to find a definitive agreement on tax reform heritage.

This measure is not trivial. For divorcing couples and share their property must pay this right to share, whatever their matrimonial regime. This tax is also due by the heirs, at the distribution of the estate, and at an inter vivos gift (for donations reinstated earlier this occasion).

With this increase, the state will recover about 300 million euros, mainly at the expense of 130,000 new annual divorced. So, a couple who owns property, net of debt, must pay 300,000 euros to 7500 euros right to share next year.If he had divorced this year, his bill would have been only 3300 euros. Problem: the reform of the ISF was supposed to be financed by the wealthy … "I can not find normal tax increase during a difficult time of life," said Benoit Renaud, president of the Superior Council of Notaries. This increase in risk-sharing law to push further the heirs to remain undivided and discourage donations sharing. At the risk of creating conflicts in the future. Finally, it is not impossible that many divorced choosing to sell their property and to divide "sneak" the money, without an act of sharing history to evade taxes.

In addition, the CMP identified in 20% to 25% inheritance of life, are transmitted to beyond 902,838 euros per unit, after deduction of 152,500 euros. And validated the smoothing mechanism for donations.The government increased from six to ten years the time between donations, or between a gift and an estate eligible for tax relief. To mitigate the shock of the transition from six to ten years, MPs and senators, have developed a system for smoothing. The Senate was selected CMP. Specifically, the deduction on the value of the donation will be 10% for a donation of six years old, 20% for a donation of seven years old, 30% for a donation from eight years and 40% for a donation dating back nine years.

The agreement on the tax measures found in the CMP must still be approved by the Assembly and the Senate in session July 5. However, this validation should not be a problem.

Owning a car costs more expensive. Not only do gasoline prices have soared, but the maintenance costs, insurance, tolls or taxes increase every year, as shown in a study by the Automobile Club de France on Thursday. For anyone put off by these costs, young companies believe they have found the solution on their website, they are related to vehicle owners and individuals wishing to rent one. Car sharing, which allows individuals to rent a self-service vehicles, as is the case with Autolib in Paris, and goes into high gear.

The principle is simple: a website, such as car Lib, Livop CityZenCar and the owner shows the windows of availability of the vehicle, which the state meets certain conditions.In turn, tenants, previously registered on the site, reserve the car for a few hours, days or weeks. Then, linking depends on the site: Car Lib, industry pioneer in France since June 2010, highlights the community side. Individuals come together to exchange therefore a deposit check and vehicle documents. In contrast, in Livop, no meeting is planned to create an "automatic respect", according to Kieran Connolly, founder of the company that rents cars since December 2010. No key exchange then, but one case, the "Livop-box" installed on the car and allowing the tenant to open it.

Finally, the newest, CityZenCar, which is open for rental from mid-April, seeks to create a "community members" between neighbors who can lend their cars regularly."We try as people build a relationship on our site, and it makes more sense if they live in the same neighborhood," said David Laval, founder of the site. CityZenCar offering specialized packages to subscribe to the service as a pass at 12 euros per month for the tenant. The owner may, in turn, equip his car with a box, optional but useful, to 49 euros per month.

"Replace the second vehicle"

With this innovative formula, the pioneers of the industry argue that everyone is a winner. For tenants of vehicles is the way to "replace the famous second vehicle is an additional constraint that evaluates to 5000 euros per year," said Kieran Connolly.The rented car acts as extra vehicle: do some shopping (especially Livop that rents by the hour) or go on holiday (especially in car Lib, where the average rent is 4 to 5 days) . Also, competition would come and no car sharing or rental agencies: "The real competitor is the personal car," says David Laval CityZenCar.

Livop, with 780 tenants and 280 owners of properties on its site, is, moreover, its forward fixed price regardless of the season, which range between 3 and 10 euros an hour, depending on the size and length the vehicle payday loans. Lib car claim its share of the prize "from 40 to 50% lower" than in traditional rental companies. On average, the car rental site, which includes 5,000 members and thousands of vehicles for rent, and back to 25 euros per day.As for members of CityZenCar 3200, where 250 vehicles are available, the owner sets himself the price and can provide discounts to its tenants.

Single insurance contract

"The problem is the first time," said David Laval, stressing the importance of building a trusting relationship with its exchange partner. For this, each start-up highlights the contract negotiated with a single insurer. Important consequence: the conduct of the tenant does not impact on bonuses and penalties of the vehicle owner. Tenants and owners, in addition, asked to assume a note after each experiment.

Vehicle owners also recover a few pennies with their vehicle, previously immobilized. "The owners are often people who already have credit. They come in the idea of ​​sharing, but also to make a small gain, "said Kieran Connolly."These are not people in need," said Paulin Dementhon, but a throw extra money is welcome. In Car Lib, owner busiest realized a gain of 1000 to 1500 euros since June 2010.

Five times less expensive for renters

Finally, for the renters themselves, the formula is a godsend: "The idea was to remove what is the most expensive: the financing of cars, details Kieran Connolly of Livop. Our investment is the development of technology [boxes] and management of leases. But the monthly cost to fund such technology comes on average five times less expensive than maintaining a fleet in a traditional landlord. "Livop ensures, however, negotiate with and garages Carossier preferential rates for its vehicle owners.

To finance start-ups retire from the trade commission, up to 30% among Lib car and 50% in Livop. There is not, however, in CityZenCar where tenants are already paying the monthly pass.

The renters are intended optimistic about the future of the industry: "A large rental company has a fleet of 30,000 vehicles, Kieran Connolly notes. We, if team 1% of the French fleet, there will be 300,000 cars. Ten times. " It remains to convince individuals that their cars can also bring them some money …

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"Solidarity must play full for farmers," pleaded Monday morning on France Info on Agriculture Minister Bruno Mayor. To help farmers facing exceptional drought, the Minister urged all stakeholders in the agricultural sector to mobilize, while ruling once again assuming a tax drought. "It is too early and I do not think this is the right solution," the minister justified. Such a tax had been especially set up in 1976, during a previous episode of drought.

"Farmers are suffering from liquidity problems and nutrition. Bankers and insurers should play the game The Agricultural Social Mutalité may make deferrals premium, banks can make bridge loans until the European aid to be paid. "As such, the prepayment of certain European aid should give guarantees to banks, thought Bruno Mayor. As for the state, it must take action to "ensure long-term aging in Europe."

"I have therefore asked the European Commission, and I have the support of eleven member states, the creation of a working group on livestock high level in Europe to identify the structural measures to be taken," said Minister, who will be traveling on Monday in Seine-et-Marne.

Avoid speculation on food animal

Come to scrutinize the contents of contracts for the sale of straw, he also warned the farmers who would benefit from the lack of fodder for livestock offer straw to a predatory pricing. "I want to avoid having to feed speculation when there is drought.Straw today it is 25 euros per tonne, it must not be 40 euros or 60 euros as it exists unfortunately in some areas of the territory, "he warned.

To increase the amount of animal food available, the government had already taken the last week of administrative simplification measures, removing certain constraints on forage. In the Eure, the county government has also allowed farmers affected by drought to mow the shoulders of county roads and get the grass to feed the animals, while Maine-et-Loire has decided to advance the mowing in protected areas Natura 2000. In some regions, animal feed is so lacking that farmers are forced to slaughter animals puvoir failing to meet the needs of the entire herd.

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In late March, France had 687,900 autoentrepreneurs, according to statistics released yesterday by ACOSS, the umbrella organization Ursaaf nationally. Established in 2009, this scheme, which offers many benefits to tax and social entrepreneurs, creates less enthusiasm now: it came into full swing. Thus, in the first quarter of 2011, the number of accessions was 67,864. Even if, as recalled by ACOSS, this figure is provisional, the inflection is sharp compared to 2010 and its average of 80,000 accessions per quarter (excluding the first quarter, which saw a boom).

Radiation have also increased: 15,165 in first quarter 2011, against 10,000 a year earlier. "The flow of radiation 2010 is around 22.3% of the stock of late 2009," said the statement from ACOSS.

What are the radiation regime of autoentreprenor? For 93% to a cessation of activity. In 7% of cases, the contractor leaves the system while continuing its business under another statute (most often because it exceeded the thresholds of turnover regime autoentreprenor) payday advance online.

Among those who left for autoentrepreneuriat cessation of activity in 2010, two thirds had made no sales. This is one of the peculiarities of this scheme: it is very easy to join, even with a little project successful. Result, about 40% of autoentrepreneurs are really active and record revenues.

8300 euros turnover per year

The turnover generated by autoentrepreneurs reached 785 million euros in the first quarter of 2011.Either a priori – subject to confirmation by the final statistics – a trend similar to that of 2010 ($ 3.1 billion in sales reported throughout the year). In 2010, autoentrepreneurs assets have achieved an average turnover of Euro 8285. The commerce and construction bring together the largest cohorts autoentrepreneurs. But many also in IT, consulting, education, science and art.

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"New record of business creation

The CAC 40 dropped to below 4000 points on Monday. It is even more rowdy than last weekend. Halfway through, the Paris index digs its losses and was down 1.82% at 3918.07 points. This morning, Asian stock markets operated in the dark red, especially with the Nikkei falling more than 1.5% and the Shanghai index, which lost more than 2.4%. Friday night, Wall Street also ended in negative territory. Global markets are again worried by the European sovereign debt.

At the end of last week, two bad signals were launched: the degradation of three notches, to note the long-term debt of Greece by Fitch and placed under negative outlook from that of Italy by Standard and Poors.While in Spain, the protests continue for a week and local elections gave the losing party of José Luis Zapatero.

Elsewhere in Europe, still in the middle of the session, the Dax in Frankfurt dropped 1.89%, the FTSE in London, 1.78% and the Milan Mib fall of 2.99%.

A single digit to follow on Monday, the flash PMI for the month of May. The growth of activity in the private sector in France has slowed slightly in May to 60.5 against 62.4 in April, partly due to a slowdown in manufacturing, according to the survey Markit. The rest of the week looks very busy, however, including tomorrow's business survey in industry, employment figures Wednesday and the consumer confidence Friday. The Ifo index in Germany will be known Tuesday.American side, sales of new homes will be followed tomorrow, and the expenses and incomes of households, Michigan index, and promises of sales Friday.

In addition, while the battle over the estate of Dominique Strauss-Kahn to head the International Monetary Fund opens on Monday. And a G8 summit will be held Thursday and Friday next, to address among other issues on the major recommendations of the Internet, meeting tomorrow and Wednesday in Paris.

The euro hit by debt

Also concerned by the debts, the euro depreciates. The single currency fell heavily against the dollar Monday, falling below the $ 1.40 for the first time in over two months. About 11:00 am in Paris, the European single currency was worth 1.3982 dollars against 1.4155 dollars on Friday night.

No publication of French company is expected Monday.Veolia mechanically declined from 2.64% amid dividend payment of 1.21 euro.

For his part, Alcatel Lucent yields 2.75% and 2.74% Schneider. The bank is also struggling: Agricultural Credit folds of 2.63% after S & P lowered the ratings of the bank heavily exposed to Greece, Societe Generale, 1.70% and BNP Paribas 1.53% .

Carrefour is the only value of the CAC 40 in green and gleans 0.23% by mid-session. The group has hired investment bank Lazard to consider merging its Brazilian subsidiary Companhia Brasileira de Distribuicao with (Grupo Pao de Acucar, GPA), a local leader in distribution, could be read in the Journal du Dimanche.

On the SBF 120, there are three values ​​in the green outside Carrefour: Yellow Pages: + 0.27%, EDF EN, + 0.04%, and Biomerieux: + 1.05%.

Europacorp is 0.94%.The film Tree of Life, which received the Palme d'Or, was produced by William Pohlad, distributed by Fox Searchlight, and Summit Intenrational Europacorp.

Note also, side companies, only four years after his last investigation, the Court of Auditors notes in a report that the financial situation of the social institutions of electricity and gas has further deteriorated. EDF (-1.20% to 28.40 euros) is directly concerned.

Also monitor the values ​​in the aviation sector while another Icelandic volcano woke up this weekend. A cloud of ash could reach France on Thursday.Air France KLM fall of 3.79% after the first information that emerged from the black box flight from Rio to Paris créashé two years ago.

The Malaysian low cost airline AirAsia was ready to order more than 150 Airbus (EADS: -0.62% to 22.58 euros) A320 Neo (re-engined), with new engines more fuel efficient, for $ 13, 6 to 15,900,000,000 dollars, reported Monday the daily Les Echos. Furthermore, side EADS, Daimler hopes that the German state into its capital.

Renault (-1.91% to 38.72 euros): the state could benefit from replacing the number two automaker Patrick Pelata to advocate for reform at the head of the group according to Les Echos.The state would have more influence on the industrial choice and limit the power of Carlos Ghosn in particular through the recruitment of new blood.

If the court gives due Monday at the Association of Defence of Minority Shareholders (Adam), Hermes (-0.88% to 174 euros) could lose control of its general assembly on May 30 in favor of LVMH (-2 52% at 116.0 euros).

Michelin (-0.84% ​​to 62.40 euros) intends to market within three years for a tire which sets itself in the event of a puncture.

The global market for live television until May 28, one week critical. In New York, American studios unveil the series of vintage 2011. Buyers of French channels will now continue their negotiations in Los Angeles during the famous "Screening" that are on television what Cannes is to film. The battle to win the best series promises to be intense between channels for a vintage by both the extraordinary volume – production up 50% over 2010 – than the quality. All studios show ten rounds each.

Two major trends: the studios back to the series feuilletonists, that is to say that the episodes "does not close," leaving the viewer unsatisfied.Moreover, after the medical drama "tired and kind policeman who remains a safe bet, it is the comeback of comedy and especially of the supernatural. According to a market expert, "Hollywood continues to search for the successor of Lost." Like Warner offering Alcatraz series that depicts the disappearance in the 1960s, prisoners from the notorious prison that recur in 2011. Fiction is the second lighthouse Person of Interest, founded by Jonah Nolan, screenwriter of The Dark Knight. It features a former CIA agent paid by a billionaire to eradicate crime. The Fox studio is shaped with The Finder, a derivative of Bones, but Homeland, spy series written by the father of series 24, and Playboy Club, a sort of Mad Men, about the life of a night club in Chicago in the 1960s.But the big event will be Fox Terra Nova, directed by Steven Spielberg that tells the return at the age of dinosaurs in a scientific team to correct environmental problems. The pilot cost more than $ 20 million for a series whose cost is estimated at 200 million.

"A new stock"

For its part, Disney has "the largest inventory of new features." The succession of Desperate Housewives is assured with Good Christian Belles, written by the creator of Sex and the City. It will also count with The River, a supernatural series also produced by Steven Spielberg, written, directed and filmed with a handheld camera by the authors of paranormal activity, the movie event of 2010. Missing Finally, a feminine version of Luc Besson's Taken, is eagerly awaited.NBC, four major events are presented with SMASH, a sort of Glee adult, also produced by Steven Spielberg and devoted to Marilyn Monroe. Riding on the success of Inception, one of the most successful of Warner, NBC Awake propose that the universe is very close.

Finally, Sony has the remake of Charlie's Angels, called Charlie's Angels. The studio spent $ 10 million for the pilot. Finally, in the wake of his teacher Martin Scorsese, Robert De Niro starts with CBS in the series with Rookies. Enough to blow the auction.

The new prime minister, in power since last March, addresses the problem of unemployment, which remains the black spot in the Irish economy. Enda Kenny has presented on Wednesday a package of measures aimed at creating 100,000 jobs over four years.

The plan provides for reduced charges on low wages, a lower rate of VAT from 13.5% to 9% on some goods and services related to tourism to boost the sector and an increase in infrastructure spending for roads and schools. The government also wants to facilitate the upgrading of the unemployed through training programs.

Since 2008, hundreds of thousands of jobs have been destroyed under the impact of financial crisis, the bursting of the housing bubble, bank failures and austerity plans to repeat that the government had to place to contain soaring deficits and debt.In recent years, the unemployment rate has skyrocketed from 4% in 2007 to 14.7% today. The country is also facing an exodus of the population, especially young people, who try their luck in Canada or Australia. After the tutelage of the IMF and the EU, which granted in November a plan to help 85 billion euros in the country, the government faces a budget deficit of 32% of GDP, provides for a very narrow scope.

Rebound in exports

To finance this plan, Enda Kenny has decided to introduce a new tax – 0.6% – on pension funds, which should bring 470 million euros per year, totaling 1 free 3-in-1 credit report.9 billion euros . This has inevitably raised strong criticism in the profession. Growth side, the latest forecasts predict a return to the green this year, after three years of recession.The main institute in the situation, ESRI, reported Wednesday its forecast, anticipating a rise in GDP of 2% this year and 3% in 2012. A result that is nevertheless perspective, because this new dynamism "based entirely on exports," says ESRI report, given that domestic demand will fall further this year. Knowing that this rebound of external trade is linked to many multinationals operating in Ireland. Moreover, the GNP, which does not take into account their business will only grow 0.5% in 2011, according to ESRI.

Precisely for this reason that the Prime Minister does not intend to compromise with its European partners, who demand a higher rate, very attractive, the corporate tax (currently 12.5%) in exchange for a relaxation of the rescue plan negotiated by his predecessor, Brian Cowen."The Irish have made some overtures in that domain," says one good source, however, the French Ministry of Economy. Negotiations could therefore release in the coming weeks.

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The French are less Eurosceptic than the Germans. According to a poll by TNS-Sofres for the political foundation and published on Monday, 67% of respondents wish that France retains the euro, against 30% who would prefer to return to the franc. For comparison, a survey conducted a few months ago in Germany gave half of citizens in Germany favor a return to the Deutsche Mark, the currency dropped during the transition to the euro in 2002. More broadly, the French are rather attached to the European Union (EU). Only 13% of respondents expressed willingness in effect to leave. Results "surprising" to Secretary of State for Europe Laurent Wauquiez: "The French are more pro-European than we think," he responded on France Inter.

The French only lip though not the European Union on all fronts.Their trial against him is even more mixed: 30% of respondents, hope is the first feeling evoked by the EU for them. But for 29%, the disappointment! For some aspects, the EU is their protective: for three quarters of respondents, it ensures peace, and for more than half, it makes France more strong against the U.S. and China. But in parallel, 60% of French believe that the term unemployment "corresponds to the EU, and for more than half, it accentuates the problem of immigration.

While the conditions of the plan of aid to Greece should be discussed again, the French are also mostly favorable for financial support to countries in difficulty, "even if this represents a cost to France." Only 39% believe that France did not pay for others.Overall, respondents call for a Europe of solidarity, more involved in the fight for employment, purchasing power and welfare. "The French are not skeptics, they just want Europe to change," concludes Laurent Wauquiez Monday.

* This survey was conducted for the Foundation for Political Innovation (Fondapol) from April 15 to 21 among a nationally representative sample of 1500 people aged 18 and over (quota method).

Revolution at the Fed on Wednesday for the first time in 97 years of history, the head of the Federal Reserve will give a press conference. Ben Bernanke is embarking on this perilous exercise to counter criticism from Congress that the central bank of the United States would be opaque and insular. He is counting on this occasion not only to clarify the policy of the Fed, powerful institution, unpopular and misunderstood by the general public but also to influence the markets in recent weeks note of discord between members of the Monetary Committee.

And Thomas Hoenig (Kansas City Fed), Charles Plosser (Philadelphia) and James Bullard (St. Louis) recently voted to phase out highly accommodative policy practiced by the U.S. central bank since December 2008.Bernanke, along with Janet Yellen, the number two of the Governing Council, and William Dudley, the New York Fed, have instead argued for staying the course.

Dollar's sharp fall

Until today, the Fed chief communicated in four different ways. The first is to present its analysis of the economic situation at congressional hearings during which he must answer questions from elected officials. The second operates through the speeches to professionals may be allowed to ask some questions.

Ben Bernanke added a third method: interviews given to a television channel, recorded in advance. This enabled him, in times of crisis, to explain the unprecedented interventions by the Fed.Finally like other governors, the head of the central bank meeting 'in off journalists, he sometimes gratifies confidences to transmit sensitive messages.

The press conference is now established at the end of two days of meetings will complete the range. Four times a year, Bernanke will face direct questions journalists sharp. In Europe, the bosses of the ECB and the Bank of England are already tested in this exercise. Like their counterparts in Canada and Japan.The Fed, however, anxious to preserve its independence and a degree of ambiguity about his intentions, had never dared go that far.

For his baptism of fire, Ben Bernanke should be questioned mainly on the risk of inflation and the dollar's sharp fall.

The drop likely in June redemptions of bonds by the Fed's long-term Treasury should also be addressed. The controversial program was launched in November 2010 and covers $ 600 billion of Treasury securities. It was necessary to maintain lower long term rates and support a fragile economy. Many saw a particularly dangerous experiment monetization of public debt which diluted the value of the dollar, inflation awakened and encouraged capital flows to emerging countries.