For these burgundy, rush upon the opening, even earlier if possible, because deals are going fast! As prices are ultra competitive, especially this year, the first buyers of Bordeaux, the catering professionals, are in their starting blocks.The shops are often open evenings, are you invite! The best way to go on the shelves the day before and discuss with the department manager. A simple phone call to the store is often very effective.

As the maroon represent more or less half of the supply of wine fairs, each company seeks to differentiate itself from other regions. A special effort was made this year on the Rhone, the second region of France of quality wines. The focus should be the 2007 vintage in Bordeaux poor, but very successful in the Rhone.Find a good Burgundy is always difficult, because the region is small, but some retailers have managed to build a genuine partnership with great producers.

Last but not least, do not go to wine fairs shrinking violet! Prepare well for your move and go straight to the goal, because otherwise you will never find the coveted bottles. In all the signs, the best deals are in cold areas, those that are immune to the first sight.Happy hunting!

Dates of wine fairs
• Crossroads of September 7 to 18
• Casino September 7 to 18
• Giant of 7 to 18 September
• Lavinia on 7 September to 6 October
• Intermarche of 8 to 18 September
• Monoprix from September 8 to 19
• Franprix from September 9 to 19
• Auchan September 14 to October 2
• Leclerc from September 22
Système U • September 28 to October 10
• Carrefour Market from September 29 to October 9

Websites
• Savour Club () August 20 to September 22

• ChateauOnline 31 August to 4 October

• Wine and Co from September 1 to October 3

• Vinothek Bordeaux from September 3 to 27

• From 1855 to September 6

• Jean Merlaut 15 September to 15 October

The text will be considered at the Assembly from Tuesday, when all the unions call a strike and demonstrate. "There will be many people in the street" without that "France would not France, already primed by the Minister of Labour, on Thursday, before the Association of business and financial journalists. No way to change "fundamentally" the bill after that day, but the government "will file amendments.

The game continues on balancing the grant "most important" requested by Wednesday François Chérèque (CFDT): 2018 reject the decision to raise from 65 to 67 years the age at which anyone can receive a full pension even without having contributed all his quarters. As it stands, the government draft plans to implement this measure in stages starting in July 2016 (ie, for all those born from July 1951) No fax payday loans.

Possible additional measures on the arduous

"It's very important that there be two terminals of age," argues the Minister of Labour, for whom it would be "unfair" that people with long and often deliberately interrupted their careers – housewives, for example – able from the same age as the others (60, 62 in 2018) without financial penalty.However, "I do not think everything is locked. Eric Woerth temporizes also possible additional measures to take account of hardship: "You can probably go a little further, it is unresolved. We allow a maximum time. "

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The explanations are manifold, since by definition, when the exchange rate Euro / Dollar rises, it may come from a strong euro, but also a weaker dollar. In this case, currently, the two factors at play.

The euro rises

First, the rise of the euro reflects a growing confidence in Europe.If the euro has fallen more than 20% in less than six months, overwhelmed by the problems of sovereign debt, Greek, Portuguese, Spanish, Irish, etc.. Have even questioned the existence of the euro, European currency recovers while the EU has proven, with the IMF, she was desperate to save a member of the bankruptcy, and it would be tough on states to put in stringent budgetary policies.

The renewed confidence is also bolstered in recent weeks by a series of rather positive economic statistics in Europe. Especially in Germany.

The dollar drops

On the other hand, the dollar decline. First, the inverse relationship between changes in U.S. equity markets and the greenback continues to hold. But Wall Street has recovered well in July (7.18% on the month for the Dow Jones) and the month of August has begun.In reality, investors are becoming more appetite for risk and sell the dollar in favor of assets or currencies more risky.

On the other hand, the economic statistics on U.S. rather disappointed and shed doubt on the strength of the recovery across the Atlantic. Good reasons to abandon the dollar.

The yen is at its highest in fifteen years

The weaker dollar also largely explains the surge in the yen, which reached a higher Wednesday since April 1985. What open competitive Japanese companies, including the key word for success is export.

For three months, the dollar has lost 9.48% against the yen. A worrying trend: according to calculations by the OECD, a 10% appreciation of the yen would cut growth by 0.2 percentage points in the first year and 0.4 the second and third year."The impact is not significant when the forecast is 2-3% growth per annum over the next two years," relativized in a note Takuji Okubo, senior economist at Societe Generale IPC.

According to Raymond Van der Putten, Japan specialist at BNP Paribas, "the yen's appreciation is mainly due to poor growth expectations in the United States."

IN BRIEF – Australian dollar and sterling

The doubling of the surplus balance of trade of Australia and its implications for sustained economic growth, has rekindled hopes of a future market for new rate hike by the Australian central bank, providing support this morning the Australian dollar.

In the United Kingdom, the earnings published by the UK banks have supported the pound sterling, which reached a high of six months against the U.S. dollar.

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Besides GDP, the U.S. will publish the index of consumer sentiment and Chicago PMI. In Europe, German retail sales and GDP of the area will also be published.

Moreover, this last week's meeting will again be marked by a series of major business publications.

Alcatel Lucent revenues of 3.813 billion euros in the second quarter, up 17.4% sequentially and down 2.4% from the second quarter of last year. The group reiterated its outlook for 2010, including an adjusted operating income of between 1% and 5% of its revenues.

JCDecaux announced Friday a net profit in the first half of 65 million euros compared to 4.4 million euros over the same period in 2009. The group anticipates a change in organic revenue for the third quarter less than that of the second with a cash flow of 119 million euros, compared with -1.7 million euros in the first half.

Lafarge reported a sales increase of 2% to 4.43 billion euros in the second quarter. The group now provides a variation of the demand for cement between -1 and +3% in 2010 compared to 2009.Lafarge expects a reduction in capital expenditure to less than 1 billion euros in 2011.

EDF has announced a net profit group share 1.7 billion euros including a provision for $ 1.1 billion on its North American operations easy payday loans. Moreover, the EPR Flamanville, who has two years late, should produce marketable electricity in 2014, with construction costs re-estimated at around five billion euros.

EADS announces first half net profit of 185 million euros and a turnover of 20.3 billion euros. Adjusted operating income is 406 million euros. Its subsidiary Airbus raised its target for gross orders in 2010 to more than 400 aircraft. For Eurocopter, the sales increase for 2010 should exceed 44 billion euros.The adjusted EBIT target is maintained at one billion euros despite negative currency effects that are cumulative outstanding in the first half.

Schneider Electric releases a turnover of 8.57 billion euros in the first half (+10.5%) of which 4.661 billion (+18.5%) in the second. The group expects an increase in organic revenue in the second half "broadly comparable" to that of the first half and is now an EBITA margin of around 15.5% before restructuring costs and the impact of consolidation of distribution areva , against 14% previously.

Renault posted a turnover increase of 23.1% for first half of 2010 to the same perimeter, to 19.668 billion euros.The manufacturer profitable again, the latter standing at 823 million euros over the period cons net loss of 2.712 billion euros a year earlier.

PPR announced a net profit after minority interests rose 86.8% to 407 million euros in the first half. The turnover was 8.139 billion euros, representing organic growth of 1.7%.

Imerys has reported a net operating income rose sharply to 122 million euros (161%) in the first half with a turnover of organic growth of 16%.

Michelin and Total must follow.

ArcelorMittal plans a third quarter slowed, with lower operating performance. The group on a table and a gross operating surplus (EBITDA) of between 2.1 and 2.5 billion dollars. ArcelorMittal explains that the period will be marked "by a combination of seasonal factors and the effects of economic slowdown in China." The goal of a 10% increase in global demand in 2010, described by the group earlier this year, now seems difficult to achieve.On the other hand, the group's factories, which have operated in the second quarter to 78% of capacity against 80% expected in late April, are expected to slow to about 70%.

Long awaited on the subject, ArcelorMittal also said: "For the second half of the year, the challenge will be to pass all cost increases to our customers."

More encouragingly, the world's largest steelmaker has managed to keep its goals in the second quarter. The steelmaker has unveiled an operating surplus in line with expectations at $ 3 billion after an increase of 150% compared to last year. The net continues, as expected, grow, and was 1.7 billion dollars against a loss of 792 million last year. "The improved second-quarter performance is consistent with our expectations and reflects the continuation of the slow and gradual recovery," said Officer.

An independent company for the stainless activities under study

Turnover was slightly below expectations at 21.65 billion dollars against 23.1 billion expected by the consensus of analysts.

Finally, ArcelorMittal said currently evaluating the possibility of creating a separate company (spin-off) of its stainless steel business. "We have confidence in the future of the stainless steel business and believe that creating a separate company will create further added value for all shareholders," said the group.

A reversal following direct speech, much anticipated, Ben Bernanke. The Fed chairman, who delivered his verdict on the U.S. economy before the Senate Banking Committee, said that the takeover of the U.S. economy "continues at a slow pace" and that "the economic outlook remain unusually uncertain" . If no measure of support is mentioned, the Fed is willing to act.

"The market reaction reflects the caution shown by the markets," notes Nick Kalivas, an analyst at MF Global in Chicago."Yet, to some degree, support annocée the Fed would have meant that things were worse than we thought."

These ads are disturbing in any case overshadowed the results published before market trimestreils …

Record earnings for Wells Fargo

Wells Fargo (4.32% to 27.03 dollars) on Wednesday posted a net profit of the group "record" for the second quarter to 2.787 billion dollars, up 12% over a year and above expectations, and reported an improvement in the credit greater than planned. Based on the number of shares, the benefit amounts to 55 cents, while analysts were only expecting 48.Net revenue (turnover) of the fourth largest U.S. bank stood at 21.394 billion dollars, yielding 5% a year.

The U.S. investment bank Morgan Stanley (8.05% to $ 24.25) Wednesday announced a net profit group share of $ 1.578 billion in the second quarter, much better than expected, with a turnover also exceeding analysts' forecasts. Per share, net income totaled $ 1.09 and 80 cents without considering the integration of brokerage Smith Barney Citi bought instant credit report.Analysts had expected 46 cents per share excluding special items.

The U.S. giant soft drink Coca-Cola (+2.05% to 54.32 dollars) net earnings up over 16% to $ 2.37 billion in the second quarter, slightly less than expected thanks to higher sales volumes internationally. Reported per share, current earnings is $ 1.02, slightly less than the $ 1.03 expected by analysts, but better than the 92 cents recorded a year earlier.

Apple has released its quarterly after the close of Wall Street. The firm at the apple once again exceeded market expectations in the third quarter of fiscal offset with net income up 78% year on year to 3.253 billion dollars, and sales far beyond forecasts.The securities earn 3.81% to 261.48 dollars.

The U.S. Internet portal Yahoo! posted a group net profit up 51% year on year to 213.32 million dollars in the second quarter, better than expected by analysts, but its sales came out virtually unchanged. The shares dive: -8.88% to 13.85 dollars.

Moreover, the oil giant BP traded on Wall Street Tuesday concluded an agreement with U.S. rival Apache to sell him to seven billion dollars in assets, making a sudden the majority of assignments to which he had hired to offset the cost of the spill. The news was welcomed: securities rise of 3.35% to 36.38 dollars.

Note that the foreign exchange market, the euro retreated against the dollar, traders were playing the card of caution before the release Friday of the results of resistance testing of the 91 largest European banks. In the morning, the euro was at 1.2867 dollars against 1.2881 dollars the previous day.

Patrick de Carolis, the outgoing president, had promised to let a house to the square. Despite his best efforts, it is far from having completed the reorganization of France Televisions over the past two years.

Pflimlin Remy, who succeeded him on Aug. 23, has no time to lose as many sensitive issues lie ahead. The new CEO will have to pay, by the fall, the problem of financing of France Televisions. The law provides that advertising screens on the same day of the public channels is halted in November 2011. But many UMP deputies, led by Jean-Francois Cope, argue instead for continued advertising. This would prevent the State to provide 350 million euros in compensation payday loan.In the coming weeks, the new president must deal with these parliamentarians, the President of the Republic who do not wish to give up too quickly for his original project and the competing private channels which require that the law is enforced. If the new CEO gets to keep advertising during the day, it preserves a certain financial autonomy and be less subject to the vagaries of state budget. But behind the advertising file, it opens the privatization of France Televisions governed Advertising. He must choose between following Patrick de Carolis and bury the project, or restart the privatization process.

THE SOCIAL

The deal is simple: the U.S. and 2% of the world population, consume nearly 22% of the world's oil. They are well produced 7.1 million barrels per day last year (8.5% of world production), but must import about 60% of their needs.

A carbon market

Since the beginning of his mandate, Barack Obama defends climate energy bill, stalled in Congress. Precisely for Obama rally Republican senators, one month before the spill, had conceded the oil lobby to lift the ban on oil drilling in Atlantic and Pacific instant payday loan. Before declaring a new disaster in six-month moratorium.Giving due to 32 oil companies that had filed an appeal, a judge in Louisiana quashed yesterday, this moratorium. The White House immediately announced its intention to appeal.

The Democratic majority hopes tying a new version of the bill by the month of July. The text, in its latest release, provides a carbon market to reduce emissions of greenhouse gases from industry and, among other provisions, the nuclear revival.

No matter that the oil spill as an excuse to create an energy tax, has won Sunday's Mitch McConnell, the Republican leader in the Senate, where every vote counts.

Barack Obama is still riding the wave sticky to push his advantage. It should meet on Wednesday a group of Senate Republicans and Democrats to find a new compromise on the law.Without waiting for Congress, the Administration Obama has already made progress in diversifying its energy sources.

The agency explains reflect the strong upward revision of the volume of oil spills every day in the Gulf of Mexico, the persistent failure to seal the well and the staggering costs associated with damage from the disaster."The oil spill will have a lasting negative impact on cash flow generation of the company and its financial position for a number of years," the agency said in a note.

Moody's believes that the creation of a fund by BP of estimates of 20 billion dollars to compensate victims of the disaster is "a moderately positive development": the pressure of U.S. government could indeed become more flexible but the substance is in no If an expenditure ceiling of BP.

The agency states that all notes of the group remains under surveillance.

The three rating agencies have become so degraded the note of the oil company is the largest British company listed on the London Stock Exchange.Last week, Fitch downgraded BP six notches, to BBB (cons AA), Thursday, Standard & Poor's downgraded two notches, from A to AA-.

Nevertheless, BP wins the title at 2.45% 368.50 pence shortly before 15:30 at the London Stock Exchange. In New York, where the group is also listed, the share was up 3.12% to 32.70 dollars.

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The Head of State has decided on during a meeting just one hour with Prime Minister François Fillon and Labour Minister, Eric Woerth, in charge of the pension. This choice seems to reflect a message of reform on the horizon is "only" set at 2020, while the government did not exclude at the outset to give purpose to sustain the pension until 2030. But energetic measures will be implemented to ensure that indeed the financial balance before.It will then be possible to consider a further postponement of the age, the hardest doubtless having been made by blowing up the taboo of 60 years.

Tax rate raised to the "easier"

Nicolas Sarkozy has also officiated the form that would take the contribution of the "easier" to reform: a contribution equivalent to 1% additional tax on income for households at the upper end, whose marginal rate is 40 % (about 342,000 tax households affected, reporting more than 69,783 euros per share). The 1% levy will not be entitled to refund under the tax shield if it results in a total tax (income tax + local + tax + social security contributions … TFR) of over 50% of income.In addition, the withholding tax on capital gains from securities sales will be increased, perhaps around 1%.

A source familiar with the matter said last that the rate of salary pension contribution (7.85%) would be raised gradually to all staff to reach gradually the private sector employees (10.55%). In addition, prospective employees may have their pensions calculated on the best 25-year career, instead of six months. These elements were however not confirmed in the late evening.

A bill to be finalized by Friday midnight

These measures, which will be officially unveiled this morning, will now be subject to the unions and employers. The government gave two days to possibly drop a little ground, then he will write the final version of his bill before Friday midnight.The text should indeed be forwarded before the deadline for authorities to be consulted (Councils of the three public, boards of directors of social security funds). Otherwise, the whole of his schedule to be called into question: the text could then be presented to the Cabinet on July 13 and is discussed in committee in the Assembly during the week of July 19, before arriving in the Chamber in September.

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