Daily International Headlines

While markets plunged Monday on fears of contagion from the debt crisis in Europe, central bankers in the euro area have attempted to reassure financial markets. "This is to resist the risk of contagion" in Italy, which seems to be the new target markets, or to Spain, and "maintain financial stability in the euro area," said the head of the Eurogroup Jean-Claude Junker.

Europe and the tent she set up a second country assistance plan, and in this context, the working group to find a solution to save the country from bankruptcy does no longer a " partial default "of Greece. A possibility ruled out by the Greek Finance Minister Evangelos Venizelos. "We want full coverage of our borrowing needs and the Greek financial system, which is part of the European financial system, he says.This coverage must be offered either by the ECB or by the Eurozone and the member states, other agencies such as the support fund. There is no alternative. "

European leaders have failed to completely reassure the financial markets. The slopes of measures that finance ministers of the euro area, launched on Monday night, increasing the size of the Emergency Fund Financial (440 billion euros) and longer-maturity loans have not convinced investors the opening of the Paris Bourse, the CAC 40 was down over 2% overnight pay day loans.

However, after announcing a special summit could take place Friday, financial markets have recovered somewhat. And the CAC 40 closed down 0.98% to 3770.21 points. "More than numbers, investors especially need a specific timetable," said Franklin Pichard, Director Barclays stock.The new Executive Director of the IMF, Christine Lagarde, has reminded European leaders the importance of early implementation of the measures promised.

The international community "can not save Spain"

The Spanish Minister of Economic Affairs, Elena Salgado, said Tuesday he was "not logical" that Spain and Italy are "affected by market volatility," because their economies are "strong and diversified. ""If we are able to transmit the determination that we all, markets should reasonably calm down," she said.

But markets, they do not see things this way: "While the international community can save Greece, Ireland and Portugal, it will not save Spain, too important contributor to the euro area" , said Monday Laurent Geronimi, director of rate management at Swiss Life Private Banking.

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In 2011, advertisers are expected to invest 3.3 billion dollars in mobile advertising, according to estimates from research firm Gartner. More than double compared with 2010, when the world market had picked up $ 1.6 billion investment in advertising, or 0.5% of the total advertising market.

Asia-Pacific continues to be the industry leader, with 1.6 billion dollars in advertising revenue in 2011 against 869 million in 2010. But Europe and North America will grow rapidly, according to Gartner. Respectively 570 million and 702 million dollars of investment, the value of these two mobile advertising market is expected to reach 5.1 and 5.8 billion in 2015.

Side formats, Gartner estimates that mobile search and location, along with augmented reality, will generate the most revenue Business Card Holders.Video advertising is expected to record the strongest growth through 2015.

"Mobile advertising has been recognized as an opportunity for brands, advertisers and publishers to reach consumers in a targeted and contextual, which improves the return on investment," Stephanie Baghdassarian analysis, research fellow at Gartner, in a statement .

With this in mind, the market could reach $ 20.6 billion in four years, says Gartner.

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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.

Carrefour had commissioned this week the bank Lazard to explore the possibility of a merger between its subsidiary and Brazilian Companhia Brasileira de Distribuicao (CBD, Pao de Acucar), the local leader. According to the Sunday newspaper, the group led by Lars Olofsson would consider this option due to "disappointment" crossed by the French giant in the country. "In late 2010, the French had provisioned EUR 550 million for inventory write-downs and potential disputes with Brazilian suppliers," says the weekly.

The operation would provide the entrance to the Diniz family, owner of CBD, in the capital of Carrefour. Patriarch Abilio Diniz, 74, is the 8th Brazilian capital with a portfolio of $ 3 billion. The sign CBD has 1500 stores and employs 140,000 employees.His goal of turnover is 30 billion this year.

This entry to the capital is far from won, writes the JDD, for "Casino holds about 35% of CBD at parity with the clan Diniz" and "would oppose the merger with Carrefour to maintain a crucial alliance with CBD instant payday loan lenders. For years the two French retail groups "waging a covert war in the tropics, with rifle purchase signs and opening of stores," the paper said. For the time nor Carrefour or Casino have to comment on information.

The Carrefour group looking for a new director for Carrefour in France, since the thank James McCann – Tesco defector, has also just received a negative response from Serge Papin.The president of U-System has successfully completed a double blow by seizing Coop Atlantic and Telemarket site – would nevertheless have been the ideal candidate.

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It is the most awaited event in the world of telecoms. Eric Besson, Minister of Industry, gave the kick-off bid for the frequencies of mobile next-generation 4G. This technology can surf on their mobile phone with a throughput of 100 megabits, which is identical to that of the fixed Internet. For telecom and Internet, the challenge is simple: one billion Internet users around the world surfed the fixed Internet. The second billion will surf the mobile Internet. In France, smartphones already represent more than half of new phones sold in 2012 and it will be almost full. But the passage of a standard mobile to a smartphone is not neutral: it consumes ten times more mobile capabilities than its predecessor.When the majority of French people to watch video or will be connected on Facebook, mobile networks may be saturated.

Hence the strategic importance of the frequencies that will be sold by the state. Conscious of being in a position of strength, the government imposes its conditions. They are draconian. Operators must commit to cover 99.6% of the population in fifteen years. And 90% of the population of each department will be covered in twelve years. For the state, no question of allowing operators to focus on highly populated areas and therefore very profitable fast payday loan.

The "frequency of Gold '

Second show of force, the state has set a minimum price of 2.5 billion euros for the frequencies, ie 500 million euros more than expected. "There is no question of selling off this spectrum," said Eric Besson. This reserve price takes account of specific frequencies.The four lots on the right frequency (800 MHz) will be awarded for a minimum price of 1.8 billion, while 15 lots on the less good (2.6 GHz) are reserve price of 700 million euros. This differential is the price to be paid by telecoms to seize the "frequencies or" so far reserved for media. Finally, the Ministry of Industry has built its tender so that the largest operator, Orange, can not win all the best lots and small operators also have their chance. The goal is that Free can join the dance, as well as mobile virtual network operators (MVNOs), individually or grouped in a consortium.

At that time, new industrial and financial players could make their entry as Bouygues did with GSM in the mid-1990s. In December 2011, there could be five mobile operators currently three cons.A revolution!

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At one month of the final choice of the new president of the European Central Bank (ECB), the negotiations are still rife about which candidate will preferably Germany. It is certainly understands what the German weekly Der Spiegel on Monday. According to the newspaper, and while France has already indicated its support for the Italian candidate Mario Draghi, German Chancellor Angela Merkel is still negotiating his compensation for support against the Germans, while Axel Weber, president of the Bundesbank (German Central Bank) still appeared until a few weeks as the favorite to succeed the French Jean-Claude Trichet, whose mandate expires in October.

However, his resignation of the head of the Bundesbank announced in February and took effect two days, deprived of Germany is a serious candidate for the leadership of the European institution.Therefore, it would place in Germany pawns in other international forums, to compensate for a candidate with an image Italian lacking firmness in terms of public finances.

Weigh its importance in the conduct of monetary policy

While last Friday, the German support to Mario Draghi seemed acquired, ask the Chancellor makes first several positions for his countrymen, to ensure that weigh as much weight as possible in the euro area and in stabilizing the single currency in a context of soaring against the greenback payday loan lenders.According to Der Spiegel, the new president of the Bundesbank, Juns Weidmann, would seek the presidency of financial stability, while Jörg Asmussen, the Secretary of State for Finance, would take charge of the Economic and Financial Committee of the Union European Advisory Committee, which prepares the work of the Council of EU Economic and Exchange Rate. Something to pass the German ideas, deemed inflexible in terms of monetary orthodoxy.

The mandate of Jean-Claude Trichet is due to expire in October 2011, but the name of his successor should be known as early as next June, at a summit scheduled for the EU.

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The bronce Carlos Ghosn announced cons did not take place Friday at the general assembly of Renault. It took over an hour and a half presentation in the greatest calm of the group results and its strategic plan, followed by a real show on its future models, so that after a few innocuous questions manhandles the shareholder CEO by asking this question: "Why have you not resigned" after the fiasco of the true-false espionage?

Part of the room applauded his audacity. Carlos Ghosn did not answer himself, but left that task to Marc Ladreit de Lacharriere, director of the group and chairman of the governance.Lapidary, it said that after considering the report of the audit committee analyzing the failures of this case, "unanimity, the governance committee has indicated that there was no reason to propose the resignation of its president. "

Asked about the consequences of this case on the group's image, the CEO chose to use the expertise of Steve Normann, Director of Marketing and Communication. It finds no effect on the perception of patterns, but found "that the company's image is affected," with "many good and bad opinions."

Clumsy communication

Regarding the departure of Patrick Pelata, the number two manufacturer in the front row, and which the CEO has sent his "heartfelt thanks for his contribution" to the company, it "does not undermine the achievement of the plan," Carlos Ghosn has hammered.The recruitment process for his successor was hired, but no date has been announced for appointment. The name that circulates as Renault is one of Carlos Tavares, current director of the Americas Region at Nissan.

Undeniably, the group, whose communication was particularly awkward during the crisis, demonstrated skill at this meeting. From the start, Carlos Ghosn has defused the potential aggressiveness of the hall citing "two crises that have affected the company very differently: the attempted fraud intelligence," referring to the spy case, and Japanese disaster.

The CEO reiterated that the three fired executives would receive compensation at the level of injury, the amount was not specified, but about 8 million euros, adding the amount paid to a fourth frame unfairly dismissed in 2009.Moreover, Matthieu Tenenbaum, the most senior of the three unjustly accused has agreed to rejoin the group and the technology center will be next Monday.

All Executive Committee members were present behind a table on the dais. Consequence of the case, two have entered earlier this month: Marie-Francoise Damesin, director of human resources, and Mouna Sepehri, Deputy Director for the presidency. Behind them were exposed as two concept, Capture, and A-Space, supposed to represent the revival of the style of the manufacturer and the electrical Zoe, 2012.

Shareholders have expressed fatalistic

Finally, to satisfy its shareholders, Renault, which had not assigned a dividend last year, will pay for 2010, 30 cents per share.

On leaving the room, some shareholders who were unable or unwilling to speak publicly showed themselves fatalistic."Logically, Carlos Ghosn should have resigned," growls one of them. "Yes, but how to replace a pattern of this caliber?" Responds his neighbor. "I expected a more virulent meeting, but Renault has smoothed the event and Carlos Ghosn has shown a good sense of tactics in addressing the matter himself at the beginning."

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The New York Stock Exchange ended higher Tuesday, thanks to good business results, and reached its highest since June 2008, as we begin a policy meeting of the Federal Reserve.

Ala closing, the Dow Jones closed up 0.93% or 115.49 points to 12,595.37, while the S & P 500 finished with a gain of 0.9% or 11.99 points , to 1347.24. Both indices hit their highest Tuesday of the year, erasing losses from the month of February. The Nasdaq has meanwhile gained 0.77% or 21.66 points to 2847.54.

The strong quarterly announced Tuesday by Ford, 3M and UPS brought the session. Since the beginning of earnings season, about three-quarters of companies have published have exceeded market expectations.

On Monday, the NYSE has done in a piecemeal, beginning with one week ahead caution particularly busy, with many corporate earnings and a crucial meeting of the American central bank (Fed).

Investors should still be cautious on Tuesday. The week promises to be loaded into effect as macroeconomic and microeconomic levels. United States, some 180 companies in the Standard & Poor's 500 and eight of the Dow Jones must publish their first quarter results, including those from Amazon today, Coca-Cola and Office Depot.

Beginning of the Fed meeting tonight

The U.S. central bank meets from this afternoon and on this occasion could provide guidance on its strategy for ending the crisis so that its measures to support the economy come to an end late June.The U.S. central bank should maintain its interest rates between 0% and 0.25%, a threshold at which they have been held since December 2008 to reinvigorate the economy. On the other hand, the buyback program to $ 600 billion of debt the Treasury launched in November would go to its closure in June, in accordance with the wishes of the majority within the Fed. Markets also expect to see for the first time in the history of this institution almost centenary, the Fed chairman to answer questions from reporters after a meeting of the Monetary Policy Committee.

Prices logementsaux United States continued to decline for the eighth consecutive month in February, 0.2% from January, according to the monthly Standard and Poor's / Case-Shiller index released Tuesday. Conversely, the consumer sentiment left in April after a March in sharp decline.

On the foreign exchange market, the euro rose slightly from 0.21% to 1.4610 dollar.

Oil prices were little higher on Tuesday at the market opening in New York, a barrel of benchmark winning 7 cents to 112 no fax payday loan.35 dollars, still supported by a weak dollar and tensions in the Middle East and North Africa .

Boeing: 0.87% to 75.55 dollars

The side of values, the investigators of the National Transportation Safety Board (NTSB) said in a statement it had found cracks in the fuselage of the Boeing 737-300 Southwest Airlines involved in an incident in early April, and problems on the rivets .

Oracle: +0.40% to 34.97 dollars

The IT group and Oracle software has announced the departure of its CFO Jeff Epstein, whose duties will be assumed by its co-president Safra Catz, who was both his direct supervisor and his predecessor.

Yahoo!: 0.99% to 17.28 dollars

Yahoo! announced Monday the acquisition of very young IntoNow company, which launched on January 31 an application for iPhone to connect to family television programs we are watching. Financial terms of the transaction were not disclosed, but the news website TechCrunch specialized evaluation between 20 and 30 million dollars.

General Electric: 1.10% to 20.10 dollars

The U.S. Department of Defense has terminated a contract from General Electric and Rolls-Royce for a replacement engine for fighter jets F-35.

Also note, the White House lashed out Monday night that U.S. oil companies will announce this week their profits when gasoline at the pump is at its highest in three years.Exxon Mobil advance of 1.39% to 86.42 dollars, Chevron gained 1.24% to 108.75 dollars and ConocoPhillips takes 0.91% to 81.21 dollars.

Goldman Sachs 0.71% to 153.27 dollars, Morgan Stanley: 0.27% to 25.85 dollars

A group of creditors of Lehman Brothers Holdings, led by Goldman Sachs and Morgan Stanley, introduced in turn before the bankruptcy court in Manhattan plan to restructure the bank, the third since the collapse of the facility in September 2008. It provides a recovery rate of over 40% for the creditors of the derivatives business at Lehman, which include the designers of this new plan, and a rate of only 16% for bondholders. The plan is very different from that filed in December by a group of bondholders, led by Paulson & Co. under which creditors would recover only derivatives that 25.7% and 24.5% of bondholders.Lehman has also filed its own restructuring plan, presented as a compromise. It provides a recovery rate of 34% for the creditors of derivatives and 21.4% for bondholders.

The gold will record after record, but the money flies even faster. Since the beginning of the year, its price has jumped 50%, when the yellow metal has appreciated by about 6%. It surpassed the $ 45 an ounce last week and is now very far from its record high, $ 50, set in 1980. Since 2002, when an ounce was worth less than $ 5, its price has been multiplied by ten. At the same time, that gold has only increased fivefold. "Traditionally, an ounce of silver is about 60 times less expensive than an ounce of gold. Now it is about 30 times, "says Catherine Raw, Natural Resources Specialist at BlackRock.

But as this precious metal has therefore to arouse our enthusiasm? The economic recovery has taken its course upward, because it is much more than gold, used by the industry, eg for mobile phones and solar panels."The industrial applications of silver up about half the annual consumption of the metal," said Arnaud du Plessis, managing commodity shares in CAAM.

But mostly, like gold, silver is a financial investment. Past ten years have multiplied around the world (except France) Exchange traded funds, ETFs or ETF, that replicate the price of gold. Investors can bet in a few seconds on the price of silver. No need to hold the metal itself, these funds are keeping in their vaults. "In recent years, silver prices and stocks of these ETFs have kept pace.A significant portion of the increase of money is related to these investments, "said Arnaud du Plessis fast cash online.

Safe haven as gold, silver prices have soared as the debt crisis was undermining confidence in sovereign states, the war of currencies weakened the dollar and inflationary pressures appear. "The dollar is weak, investors lose confidence in the U.S.. They take refuge in gold and silver, "says Christopher Wyke, commodities expert at Schroders. In the turmoil, the gray metal rises even much faster than the yellow because that market, ten times narrower than that of gold, is more speculative. The courses, more volatile, overreact to news.In addition, since the money is much cheaper than the yellow metal (hence its nickname "poor man's gold"), investors may, with the same capital, to buy larger quantities, thus multiplying their profits .

Central banks invest

While most experts are confident about the continuing rise in gold, opinions are more divided about the fate of the money. "He got too fast, too high. He could now move more slowly than the yellow metal. But I do not see it crumble, "Catherine Raw edge.

Professionals still remain positive. "As long as confidence does not return on currencies and bonds, gold, as money, should continue to appreciate," says Alain Corbani, Managing Director of Commodities AM. Especially as central banks, notably in emerging countries, have decided to invest more of their reserves in gold and silver ….And the production of silver mines should not increase significantly for two years.

The well-honed timing of Apple, which saw the last three years the presentation of a new generation iPhone around June and its marketing in the following weeks, is about to shatter. By the end of April, Apple will launch its two U.S. carriers with partners, AT & T and Verizon, a new model of the current iPhone, says Bloomberg, based on testimony from three sources familiar with plans the company.

The model in question is well known. This is the iPhone 4 white, presented at the same time as the black model, which was originally scheduled to be launched in June 2010. Because of engineering difficulties, this release has been delayed for nearly a year. Apple was unable to obtain an opaque white and uniform, because of the heat on the back of the unit.In addition, pictures taken with flash turn out poor quality.

This information on the release of the iPhone 4 White arise while developing its next version remains shrouded in mystery. According to a note from an Avian Securities analyst, who spoke with component suppliers, mass production will begin in September. The iPhone 5 could integrate a larger screen, the same processor as the iPad A5 2 and an NFC contactless payment. It would be followed later this year or early 2012 with a declination of entry, an "iPhone mini" J. Avian Securities.

The iPhone catches up with Android

Meanwhile, now is a white model who will support sales of the iPhone 4.While most manufacturers have released since the beginning of a new more powerful models, Apple does not oppose them so that a simple variation of color on camera as it prepares to celebrate its first anniversary. This competition is very fierce, it also nibble market share. In one year, the share of Android in the smartphone in France jumped from 4 to 23%, according to data from comScore, the iPhone when it hovered around 30%.

Apple however, has not only on hardware to differentiate the iPhone from other phones, recalled last week's analyst Robert CIHRS, Caris & Company's. The software plays such a significant part. If the date of the iPhone 5 remains uncertain, the California company announced it would present early June at its annual developer conference, the latest IOS, the operating system on his phone.This could include a remote synchronization, wireless, telephone with computer and data storage on Apple's servers.

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