London Olympics: medals Rio Tinto

Posted by admin on April 21st, 2011

Rio Tinto will be behind every Olympic medal at the upcoming London Olympics 2012. The Anglo-Australian mining giant has indeed been chosen by the International Olympic Committee to be the official supplier of metals used in their manufacture. In total, Rio Tinto will provide all the gold, silver and copper for the production of the 4700 Olympic Games medals (OJ) and Paralympic Games.

On a specific page on its website, the group says that the mines from which metals are extracted will be located "at opposite sides of the globe." This is actually mine Bingham Canyon, United States, and that of Oyu Tolgoi, Mongolia. The making of medals will be given to the prestigious British Royal Mint.

The group will not be his first time since he was chosen in 2002 for the Winter Olympics in Salt Lake City.In 2008 in Beijing, was his rival BHP Billiton's history who had played the role of official supplier of the committee.

Sponsor

For now, design and composition of the medals are still being studied, and the details should be finalized later this year. But the official recommendations of the IOC should not be very different from those issued to Beijing in 2008. 3 years ago, the Committee wishes such as for individual events, the gold is composed of at least 92.5% silver and 6 grams of pure gold. The silver medal was also to be composed of 92.5% pure silver. The three medals were to be 60 millimeters in diameter and 3 millimeters thick.

Rio Tinto could be asked to provide similar amounts of 9 kilos of gold, 9 silver and 4 tons of tons of copper.Olympic Winter Vancouvert 2010, the mining group, Teck had medals for 1000, delivered 2.05 kilograms of gold, 1950 kilograms of silver and 903 kilograms of copper.

At current prices, this represents almost 300,000 euros gold, some 30,000 euros copper and nearly 9 million of money. "They become sponsors. For them, the benefits in terms of image will be even more important, "says Patrick Schein, owner of Gold by Gold, an expert on gold.

No "golden fair in London

Like his colleagues in the Alliance for Responsible Mining (AMR), the owner of Gold by Gold also regrets that the Committee has preferred to entrust the entire supply of gold in giant Rio Tinto. With laFairtrade Labelling Organizations International (FLO), AMR defends indeed a fair gold label which "offers precious metal quality and respectful human social values."But "Rio Tinto is one of those big mining predators for a kilo of gold are 60% margin and pay 2% royalty to the State. They say they respect the principles of sustainable development but it is an image that they give themselves to be accepted by states and pension funds, "Patrick Schein annoyed.

FLO, which had contacted the Committee, had hoped that at least part of the gold medals are labeled, especially since the label, called Fairtrade & Fairmined, was officially launched in Britain in February . "It is the committee's choice. It is understandable because they have a budget to buckle. We may also launched the label too late for them. But they could play the game, "lamented Patrick Schein. Advocates of fair gold does not intend to stop there, however: "It may be next time.A major sporting event is an incredible opportunity for gold to shine just before more than 3 billion viewers. A great champion pulling a coin would symbolically labeled hard! One day we will get there, "says the boss of Gold by Gold.

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Egypt: The unlikely return of embezzled funds

Posted by admin on February 16th, 2011

Thirty minutes. This is the time it took to Switzerland to request a freeze on assets of 11 individuals Mubarak and Egypt immediately after the regime fell, Friday, Feb. 11. With "immediate effect", was held to clarify the Ministry of Foreign Affairs. In that game, the Swiss Confederation was the fastest. One way for it to improve its image, then drag it a tax haven.

But half an hour, it was already too long. Hosni Mubarak would have prepared the disappearance of its funds for almost three weeks, according to sources in the Anglo-Saxon intelligence cited by the British newspaper The Telegraph. Half an hour is also a time that will seem silly in the end if legal proceedings are initiated: they may take years.Where appropriate, "it will indeed Egyptian state to prove the fraudulent origin of the funds, not to ex-Egyptian leaders to demonstrate their good faith," said Thomas Chappot, NGO Berne Declaration.

Switzerland has yet voted in an emergency last year a new law supposed to facilitate the return of illicit assets looted States. Bern wants to avoid any repetition of the scandal Moboutou: Swiss justice had restored the fortunes of the bloody dictator of Zaire to his heirs. Alas, the new law, applied since February 2, should not apply to Egypt or Tunisia. It targets only those States considered delinquent.

The British detectives on the trail

European countries have sought for their part expect the demand for new Egyptian authorities to act. These do they have sent on Monday targeted a list of ex-officials of the deposed regime.The ex-Rais and his family are not there. British newspapers reported Sunday, however, that the financial sleuths had already begun investigating the secret funds of Mubarak.

In the case of France, it was only late Tuesday morning that the Egyptian property were formally placed under surveillance. A decision is not binding. Specifically, the body of financial intelligence Tracfin asked financial institutions to pay special attention to the assets of "senior Egyptian officials and politicians, including President Hosni Mubarak."

In theory, banks are always on the alert. So, a source close the file, it said on Monday afternoon, well before the official announcement that the funds were under Egyptian supervision, as well as those of "politically exposed persons" in general Internet Payday loans.Clearly, the former Egyptian leaders do not receive special treatment.

If Gbagbo

Under EU procedures, out of the banks financial investigators warn in case of suspicious movement. NGOs as Sherpa or Berne Convention would have preferred that the states agree to unilaterally block the assets and those of Mubarak Ben Ali. "The Security Council of the UN or even the EU could make such a decision," says Maud Perdriel-Vaissière, the Sherpa Association. "They did well in the case of the former Ivorian President Laurent Gbagbo."

We must not lose sight of the ultimate goal, she said: "Part of the funds acquired illegally by the former leaders must be returned to the States made victims." The previous legal proceedings conducted in Europe do not encourage optimism.In Switzerland, the assets of former Haitian dictator Jean-Claude Duvalier, known as "Baby Doc", have been frozen for a quarter century without having been given back to the State robbed. In France, the case known as "ill-gotten gains" to the old African dictators, is stalled.

"A lot of friends" in the Gulf

The fact is that the assets of Mubarak and Ben Ali are probably not located in Western countries. "I am skeptical about the return of misappropriated funds to Tunisia or Egypt: Most Arab leaders have placed their money in the Gulf, where they have many friends," said Christopher Davidson, a specialist in Arab world and professor at the University of Durham.

For example, the Egyptian property is located in Switzerland would amount, according to the Swiss Central Bank, to 3.6 billion Swiss francs, or 2.7 billion euros.Impossible at present to know who they belong, or even if they are illegal origin. This amount seems very low compared to the fortune that Mubarak is accused of hoarded. Estimates range between 3.5 and 47.8 billion euros. According to economists at the NGO Global Financial Integrity, the Egyptian capital flight represented an illegal outflow of $ 57.2 billion, or 42 billion euros between 2000 and 2009.

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What is the World Social Forum?

Posted by admin on February 6th, 2011

Davos, Porto Alegre this year's Dakar. Behind every great gathering for reflecting on how the world works, the underlying question: what's the point? At Davos, the organizers have a ready answer. Space for reflection, the World Economic Forum (WEF) is not a decision making body. This did not stop bragging about the signing of a declaration Greco-Turkish agreement in 1988 or Peres-Arafat in Gaza in 1994.

Member of the International Committee of the organization Attac, Christophe Aguiton a yearly trip to the World Social Forum (WSF). He will travel to Senegal. On the menu of this new edition, "the crisis of capitalism and civilizations." When asked about the concrete results of such a gathering, he recalled the ties that bind paradoxically the WSF Forum in Davos: "This is not decision-making structures.Davos and the World Social Forum have in common that they aim to develop and disseminate ideological responses. "It is the influence on the debate that premium," says Eddy Fougier moreover, a specialist anti-globalization.

"New issues on the international agenda"

Advances ideological cover three areas, Christophe Aguiton analysis. The WSF was first in his eyes a space for coordination of action. This is where the rally against the war in Iraq in early 2003. "The anti-war rallies-cons have created an alliance that could have influenced the current U.S. president. This alliance has strengthened the position of some countries, especially France, and participated in the overthrow of a public opinion (United Kingdom). Second "effect Porto Alegre, the emergence of new problems."Climate justice, the idea of thinking about climate problems by relying on humans to answer, was born in the forums, before being taken over by the UN," according to Christophe Aguiton. Finally, the action of anti-globalization has sometimes found an outlet policy. A member of Attac cites the alliance between social movements and governments. This is the case in Bolivia where she helped "improve the rights of indigenous people."

"The WSF has made the international agenda of topics relevant today as government debt or taxation through the tax on financial transactions," admits Eddie Fougier direct payday lenders. So much so that it is Nicolas Sarkozy who is now the project of a Tobin tax. More generally, the World Social Forum has helped to broaden the debate on globalization, long reserved for senior officials, business leaders and researchers, civil society."This was said by the anti-globalization has been validated by the financial crisis," said Eddy Fougier. "Often buried (after the violence in Seattle in 1999, 11 September), the global justice movement continues," the researcher analysis.

"We do not decide, we analyze"

But Eddy Fougier advanced several limitations after ten years of the WSF. Leading the disappointments, the overall objective to move from an anti-globalization anti-globalization. "There is currently no anti-globalization agenda," he said. On the way, the will that everyone can express themselves without hierarchy views (principle of horizontality of the debate) and the lack of paper at the end of each forum, do not establish an alternative Eddy Fougier adds.The anti-globalization is also crossed by a recurring debate: should, to advance his ideas through political action? Like a José Bové or Evo Morales, some have said yes.

"The software of anti-globalization is a bit dated, their critique of neo-liberalism is not really the current situation," says Eddy Fougier. Especially as the criticism is sometimes overtaken by anti-globalization critics that the researcher calls "internal". "When (Joseph) or Stiglitz (Paul) Krugman (two Econoler American Ed) bring into question the economic system, that Al Gore talks about climate, they are sometimes more visible, stronger," says it.

Ten years after its first manifestation, the WSF has not prevented capitalism to continue to rule the world. "We do not decide.We analyze policies and we make alternative proposals, "Diouf Mignane tempered recently, the coordinator of the executive secretariat of the Forum, in response to a question about the effectiveness of these annual meetings.

* Research Associate at the Institute of International and Strategic Relations, Eddy wrote, Fougier alterglobalism, Blue Rider editions, January 2008.

CGT emphatically denies the departure of Bernard Thibault

Posted by admin on January 27th, 2011

CGT denies early departure of Bernard Thibault, announced Thursday morning by Le Parisien – Aujourd'hui en France. The newspaper believed that "tired", the CGT leader since 1999 has decided to leave the ship. "I'm leaving at the end of the year, so that my successor is in place before the presidential elections," reported Thursday morning in the daily framework of the CGT, remarks which were held on December 21 and 22 last to his closest collaborators. Allegations that the secretary general of the CGT was "very clear denial" on Thursday, denouncing "an attempt at destabilization."

"For the future of the CGT and its leadership, we will proceed when the time comes – and it's not yet the case – according to our usual procedures in a collective framework," to elect a successor at he said in a statement.

The assumption of an imminent departure of Bernard Thibault of the CGT leadership is often mentioned yet. Since his re-election to Congress in Nantes comfortable, difficulties have indeed accumulated to the charismatic leader. The failure of the struggle against the pension reform first, opened the way for a reconsideration of the reformist strategy adopted under his leadership over the past ten years. Some federations have seen the failure of a desire to refocus the CGT and make a union of contestation and negotiation payday advance. The recent decline in the weight of the union in some of its strongholds, such as RATP, EDF, GDF or the Post Office, has been interpreted by opponents as a validation of this hypothesis. By boycotting the beginning of January the wishes of the social partners Nicolas Sarkozy, Bernard Thibault would have liked to correct the situation by hardening his speech.

A three-year term

But other factors may also contribute to an early departure next leader of the CGT. Internally, Bernard Thibault is accused of abandoning the organization. A peak for the CGT: the staff, who complain the level of wages and working conditions, is in open war against management. "Every unhappy tumble in his office. This is evidence of dysfunction of the house, "said one observer Parisien-Aujourd'hui en France. Bernard Thibault, meanwhile, evokes "a fatasme" to destabilize the CGT "after the exceptional action over pensions.

To these difficulties must be added the threats against himself and his family have suffered in recent years. The pig's head stabbed in front of his door and other malicious acts would eventually affect the CGT leader, worried about his family.Many reasons for Bernard Thibault, give way before the end of his mandate in 2012.

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The Paris Bourse becomes hesitant

Posted by admin on January 19th, 2011

In a market supported by confident and good indicators in Europe and the United States, the CAC 40 finished sharply higher Tuesday night and closed above 4000 points. A peak not seen since ten months.

But on Wednesday, indecision took over the top: CAC 40, which opened in the green, iron in the red about 10 hours: -0.12% to 4007 points. The 4000 points are kept but investors are worried.

On the one hand, this morning the Asian stock markets have stayed the course and bullish Wall Street closed last night invigorated. United States, the strong performance of IBM and Apple have reassured the financial world. And good macroeconomic news have taken over. According to that day, at 14.30 in the U.S., housing starts and building permits in December.In addition, a point of view of technical analysis, the next resistance is at 4090 points for the CAC 40.

But on the other, the rating agency Standard and Poor's has warned that the debt rating of the United States "will be put under pressure" if the government does not soon a "credible plan" to reduce its budget deficit . Moody's has also deteriorated on Wednesday morning note to long-term debt of Tunisia following the recent political changes and economic disruption resulting am.

On the foreign exchange market, the euro briefly exceeded $ 1.35 on Wednesday morning for the first time since Nov. 23, the greenback fell against all currencies.The euro has received some backlash, investors buying the currency after relatively successful bond issues by European countries in difficulty budget earlier this week, including Spain and Greece.

Edenred, Ingenico, Seb and Pierre & Vacances published

Also on Wednesday, banking stocks remain controlled while the finance minister, Christine Lagarde, hopes that the new tests for strength of banks expected to be completed by late spring. The official said Tuesday that details of the tests was discussed.

Vivendi: U.S. authorities have conditionally approved Tuesday by Comcast to acquire a majority stake in NBC Universal.A step that will allow Vivendi to finalize the sale of its interest in NBCU and cash it will allocate funds to the repurchase probably from Vodafone SFR.

Eiffage: 6.35% to 37.25 euros The group was selected at the expense of Bouygues (-1.83%, largest drop Cac), yet the most likely candidate, and Da Vinci (+0.35% at 41 , 89 euros) to finance, design, construction and maintenance of future high-speed line (HSL) Bretagne-Pays de la Loire, a market estimated at 3.4 billion euros.

Ingenico (4.17% to 28.50 euros) announced Tuesday again raised its 2010 earnings targets after posting organic growth of around 14% in Q4.

Seb (2.26% to 80.50 euros) reported Tuesday night with a turnover up 15% for the full year 2010, to 3.651 billion euros, bolstered by its sales in China.

IMS (2.77% to 13.72 euros) ade again in the fourth quarter benefited from higher metals prices, which resulted in an increase of 38.9% of sales over the last three months of the year's leading European distributor of specialty steels.

Alstom (-0.89% to 40.28 euros) and Remy Cointreau (1.20% to 53.29 euros) will unveil on Wednesday its sales in the first nine months of their fiscal offset.

Edenred (-0.54% to 18.55 euros), the former branch of prepaid services group Accor announced a croisssance 7% of its annual sales, supported by Latin America, and confirmed that its result during 2010 will range between 310 and 330 million euros.Accor will release on Wednesday.

Pierre & Vacances (1.02% to 62.43 euros) himself has posted a 11.7% increase of its quarterly revenue, supported in particular by its activity in property development.

CGG Veritas (-1.62%) announced Wednesday the launch of a convertible bond (Oceane) of approximately EUR 315 million maturing on January 1, 2016.

BioMerieux (-0.05%) will announce its turnover for the year 2010 after market close.

Note that yesterday, Gemalto rose over 6.6% at the close Tuesday night after signing a large contract with Japan for mobile payment. On Wednesday, the correct action of 0.26%.

The Beatles land on iTunes

Posted by admin on November 17th, 2010

Apple has the showmanship. On Monday, a message posted on its website promised an announcement "exceptional" for this Tuesday at 16 o'clock. Immediately, the specialized sites are engaged in a true treasure hunt to guess the subject of this announcement. One scenario has quickly established itself: the arrival of the Beatles catalog on iTunes. A scenario officially confirmed by Apple.

Since the launch of Apple's digital music store in 2003, integration of the Beatles on iTunes was a figure of Arles. The rumor resurfaced routinely before each conference Steve Jobs. In September 2009, was taken for granted: the band's albums were released in version "remastered" and Paul McCartney and Yoko Ono, two managers of the precious catalog, had indicated their desire to negotiate with Apple.

Relations have not always been so addressed.A dispute has long opposed the label Apple and Apple Corps, founded by the Beatles, who share the same name. To avoid confusion of trademarks, the California company has embarked on in 1981 to have no musical activity. The output of the iPod and iTunes came to cause trouble. After several passages in court, an amicable agreement was reached in 2007 between the two Apple.

The situation has been gradually released. And according to The Wall Street Journal, the New York Times and Billboard, the negotiations to release the Beatles catalog on iTunes, started a long association with the major EMI have finally succeeded. Apple could benefit from a presentation Tuesday to introduce also a version of the iPod and the iPad dedicated to the Beatles, as he did for U2 before cash till payday.

A symbolic

Described as "exceptional" by Apple, this ad has primarily a symbolic significance.The Beatles are indeed one of the last groups to go digital soon. According to the New York Times, the agreement would in fact much to the tenacity of Steve Jobs, a great admirer of the group. Upon the death of George Harrison in 2001, the presentation of the Apple site had been upset to pay tribute to the guitarist of the Beatles.

The financial impact may be more marginal. In a depressed record market, the "Fab Four" certainly retain a capacity to attract phenomenal. United States, they still achieved the third best selling in 2009, behind Michael Jackson and Taylor Swift. In France, EMI has sold 100,000 last year remastered CD in just one week. But Apple is gaining much more money selling iPod and iPhone with iTunes. And the fans did not wait for iTunes to convert the songs themselves the Beatles.

That is why other announcements are expected on Tuesday …For Apple fans this time. "There is a chance that Apple has changed its plans at the last moment," also said the Wall Street Journal. iTunes, which has previously adopted the model of downloading the document, could convert to listen to streaming music subscription, facing the breakthrough services like Spotify. But this requires new agreements with record companies, which have not yet been signed.

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The tax benefits of Vivendi would be threatened

Posted by admin on November 15th, 2010

At the Paris Bourse, this Friday, Vivendi is particularly battered by investors. The actions of the media group had dropped 1.77% to 20.20 euros on a market down 0.94% at closing. This sanction is in response to information published by the Tribune that the group of Jean-Bernard Levy will soon benefit from its tax benefit called "Consolidated Global Profit" (BMC).

Considered a tax shelter, the BMC since 1965 to allow multinationals to integrate French tax every company to hold more than 50% in France and abroad.In other words, they can deduct losses from their foreign subsidiaries from the profits of their companies profitable, and thus get tax cuts.

If Vivendi does not react to information, Bercy, however, vehemently denies "rumors that The Tribune reported today are baseless," said the entourage of the Minister of Economy Christine Lagarde. Bercy and the Elysee "took no decision on this matter, either one way or the other," said Christine Lagarde's office told AFP.

Suppression "desirable"

Vivendi has this special regime since 2004 alongside Total, NRJ and Euro Media. But according to a report by the compulsory levies, based on figures from 2008, Vivendi was the only real beneficiary as it would have pocketed 94% of the amounts reimbursed by the Inland Revenue.Two years ago, the media group has obtained a refund of 435 million euros on its tax bill on a total of 460 million euros donated. The balance would have been the same on the two previous years.

For the government, the economic stakes are high. Although the amount of reimbursement has declined along with the number of beneficiary companies, is valued at 310 million euros in 2010. In a context of tight, Nicolas Sarkozy would have explained to Jean-Bernard Levy, in a meeting at the Elysee Palace on September 7, the device would not be renewed at its term in late 2011.

PS Members have proposed a more radical removal of the BMC in the 2011 budget, but the amendment to this effect has not been adopted at the meeting vote in late September.The opposition members had supported their argument on the report of the Council of compulsory levies, which also evokes a device "not used", "inappropriate" and "whose economic utility is not proven." The removal of the BMC would be "desirable", according to the report's conclusions.

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Work resumed gradually in refineries

Posted by admin on October 30th, 2010

On the eve of All Saints' weekend, with special emphasis on roads, refineries and oil terminals are unlocked one after the other. Like the action on Thursday initiated by the unions, the protest movement against pension reform also running out of steam in the oil sector. This Friday, the employees of an eighth refinery, one of Gonfreville near Le Havre, were cast back to work, followed closely by oil terminals in Le Havre.

An auspicious event for the supply of gas stations with fuel. Because for all the pumps are again supplied, it is not enough that many refineries can resume work.The latter also require that they be sent crude oil for refining from oil terminals in Le Havre, who then resumed work today, and Fos-Lavera in the Bouches-du-Rhone. The terminal in Le Havre in particular, feeds the refineries Gonfreville Little Crown, and Gravenchon Gargenville, who have all returned to work. This Friday, the latest strike sites also will vote on the follow-up to their movement. A union official from that Grandpuits, Seine-et-Marne, has already indicated that employees "are moving towards recovery."

Back to normal early next week

If the Energy Minister Jean-Louis Borloo announced Thursday the opening of 85% of service stations, the situation remained tense in the West, Midwest and the Ile-de-France.Condition of anonymity, a large fuel distributor also said to AFP that the number of service stations in difficulties was more like "a station on three." Thursday night, returning to normal, repeatedly promised, was rather planned for early next week.

»View the map Carbeo service stations out:

Pensions at midday, already 500,000 demonstrators

Posted by admin on October 13th, 2010

Satisfecit syndical.Le Interior Ministry has released the first figures of the fourth day of action. At midday, they are 500,000 to demonstrate their opposition to pension reform. The secretary general of the CFDT Francois Chereque believes that the events "are significantly larger than the last time, with numbers in the provinces across the top". It is "the biggest day since the beginning of the process," adds Bernard Thibault, the CGT leader. His counterpart in Workers Force, Jean-Claude Mailly, does not hide his satisfaction and even surl'amplification table movement: "likely, if we continue like this, we will exceed 3 million this evening," says Will it.

According to preliminary figures from the province where employees paraded this morning, the procession Toulouse have reached 140,000 people according to organizers, is more than the 125,000 people identified by the unions on September 23 last. The police statement was not yet available. A Marseilles unions have counted 230,000 demonstrators but police only 24,500.

Renewal at RATP

In enterprises, the movement is generally quite follow in transport. Many flights were canceled at airports including Paris. As expected from the Directorate General of Civil Aviation, 30% of flights were canceled at Paris and a flight in two does not leave Orly.

Especially, the direction of the station has recorded more strikers than September 23. In a statement she announces 40% of workers mobilized against 37% during the previous strike.According to the CGT railway workers, the strike rate even reach 53.75%. The union had counted 49% of strikers on September 23.

RATP traffic is however better than expected. A dozen subway lines operating normally or almost normally. As for the RER lines, only passengers from line B are very disturbed traffic (a train of five). The traffic of the line A is 80% sure however. The Paris branch of the authority announced a strike rate close to that of September 23, at 17% instead of 16%.General meetings have however largely voted to continue the strike for tomorrow Wednesday.

Judgement of refineries

Eleven of the twelve refineries metropolitan France are on strike, in most renewable sources cas.Selon unions and employers, these are the six plants of the Total Group and two other refineries located on the Etang de Berre (south East) and another near Rouen (west). In the oil company Total, the employees of the plant Donges in Loire-Atlantique and Grandpuits in Seine-et-Marne are even shutting down. A graduation from the previous days of action only where deliveries were blocked.

In the harbor of Marseilles, 85 ships are waiting, including 56 tankers and 29 cargo vessels, because of the movement that affects all port activities.Passenger traffic is currently maintained, but not in normal reception conditions, said a spokesman for the port.

At La Poste, management announced on Tuesday a strike rate of 16.5%, similar to that of 23 September, but lower than the mobilization of September 7 (22%). The union SUD-PTT expects 30% of strikers. At France Telecom, the management announces 20.18% of staff on strike, against 23.9% on September 23.

Between teachers' strike and blocking of schools by students, the Education Ministry is one of the sectors most affected by social resentment against the pension reform. Over 300 schools were disrupted by protests or 6.9% of 4302 schools in the country. According to the Ministry of Education, 90 of them were blocked. At midday, the National Union schoolgirl (UNL) invokes the figure of 400 schools engaged.As teachers, they were 22.13% according to the ministry to mobilize. The unions for their part were more than 45% of strikers, as many as 23 September.

The declarations of Jean-Claude Mailly, secretary general of Force Ouvriere:

The Paris Bourse finds the strength

Posted by admin on October 1st, 2010

The CAC 40 will begin in October on the positive. After an opening as small (+0.14%), the benchmark index in Paris climbed 0.52% stronger at 3734 points. In London, the FTSE is 0.82% at 5594 points while in Frankfurt the DAX climbed 0.65% to 6269 points.

The indexes are supported by the confirmation this morning announcements on HSBC manufacturing PMI. The China Federation of Logistics and Purchasing (CFLP), an organization close to the government, confirmed that he scored well in an acceleration reaching 53.8 in September against 51.7 in August.

Unemployment stable in the euro area

Still on macroeconomic statistics, growth in Germany's manufacturing sector slowed in September to 55.1 against 58.2 in August, returning to its lowest level since January and just below the flash estimate for September to 55.3.

In the euro area more broadly, the manufacturing PMI fell sharply to 53.7 points from 55.1 points in August, according to the firm Markit. This is its lowest level in eight months. This is slightly more than expected in a first estimate, which gave an index to 53.6 points. Unemployment remains stable in August to 10.1%.

Again this Friday, the meeting promises to be volatile due to a new set of indicators to be released in the U.S.. Among them, income and household spending and construction spending in August, the index of consumer sentiment and manufacturing ISM September.

Side currency, the euro climbed above the threshold of $ 1.37 for the first time in six months and a half. Around 10:40, one euro was trading 1.3725 dollar. Market rumors circulated about a possible intervention by the Fed would buy government bonds.

The automobile in order to keep

Bank stocks are among the highest increases of ACC on Friday. Dexia (0.93% to 3.26 euros) and Credit Agricole (+0.74% to 11.55 euros) announced Thursday it had formed a partnership in the commercial banking industry in France aimed at local government direct payday lenders. Furthermore, GDF Suez (0.63 U 26.42 euros) on Thursday bought Societe Generale (1.30% to 42.80 euros) its 49% stake in Gaselys specializes in energy trading. Baudouin Prot, CEO of BNP Paribas (1.19% to 52.79 euros), spoke Friday in an interview with the Financial Times, the need to appeal to shareholders in case of big acquisition after the application of new standards solvency Basel III.

International exhibition of the Paris Motor Show, which caters for business yesterday, will open its doors to the public tomorrow.Car manufacturers will therefore remain the greatest attention from investors on Friday. This morning, Carlos Ghosn said on BFM radio that "the crisis has shaken the entire automotive sector, but is now behind us." The titles of the group earns 0.56% to 37.96 euros. Peugot earns 0.89% to 24.89 euros.

Belvedere (0.67%) will report its results for the second quarter.

For the third quarter, which ended in late August, Kaufman & Broad (3.17% to 19.95 euros) himself has posted a net profit almost quadrupled.What it can confirm his return to net income for the full year 2010.

M6 (Métropole TV: -0.09% to 17.23 euros) will follow after that its subsidiary Mistergooddeal announced the acquisition of monaAbumPhoto.fr.

Orange and its parent France Telecom (+0.41% at 15.91 euros) were, they offered Elettra, a subsidiary of Telecom Italia specializes in submarine cables whose value is set at 20 million euros .

Publicis (+0.70% at 35.08 euros) announced Friday the acquisition of a majority stake in two agencies specializing in public relations and communication in India, 20:20 Social Media and 2020.


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