Daily International Headlines

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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After Operation Oil cons food (Oil for Food) "designed not to starve the Iraqi people emerge from the Gulf war, Argentina has invented a new form, but lighter, clearing:" From Wine cons of Porsche. "

In Buenos Aires, the fight against the deficit of trade balance is in effect a special twist. The Government has authorized imports of Porsche country Fangio, obtaining in return compensation, dollar for dollar, the price of cars by the importer, the group Pulenta. To obtain satisfaction, this distributor is committed to export the same value in wine and olive oil as the hundreds of Porsche imported this year, about 5 payday loan.7 million.A real challenge, since the distributor will sell about 1 million bottles to meet the Argentine government.

All manufacturers of luxury cars are housed in the same boat: to sell his Audi in Argentina, the VW group is committed to export more cars manufactured in the country. As for BMW, whose cars are popular, the brand would consider implementing a motorcycle plant.

The dairy group Parmalat is organizing to resist a takeover by French Lactalis. The Italian said he deferred to June's General Assembly (GA), originally scheduled for April 12.

The group's objective is to gain time to organize an offensive-cons. Lactalis, which owns nearly 29% of Parmalat, could indeed have taken control of the board of directors at that meeting. The decision to postpone was made possible by a government decree. The Italian State wishing to protect its industrial jewels after several attacks including LVMH on the jeweler Bulgari and EDF Edisson.

Parmalat expect the bank Intesa San Paolo, which owns 2.4% of its capital, to bring together a consortium owned. The leader of the group of private equity Clessidra said Friday it plans to join an Italian consortium.Ferrero (Nutella) was open to discussions. The pasta maker Barilla has reaffirmed that he was not interested.

AG postponed to June 25

Parmalat said the AG would take place from June 25 to 28 without giving details payday advance lender. Lactalis, which already holds the mark Galbani, called the decision of the Board of illegitimate and said he was again open to discussions with shareholders. Before réticenses Italy, and rumors of dismantling of Parmalat, the French had reassured by reaffirming the end of March the European Commission, its desire to keep intact the largest listed dairy company in Italy. The spokesman assured the Commission that followed the issue closely "with respect to rules of EU competition and internal market".

(With Reuters)

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Visit the first bank to harass her be on time, spend a few sleepless nights and decide under the pressure of fear of missing out on a property. In two words: make haste, for fear of not doing. That was the motto of the buyers and sellers last year could play in pushing their prices higher on tighter markets. Since the beginning of the year, the pressure eased. A certain calm has returned to the estate agents and sales offices promoters. The first months of the year are traditionally little agitated and this year is no exception to the rule. "The market has stabilized. Everything has become calmer, more thoughtful, transactions take place in calm, "said Marc Foujols.After the rush of year-end investors who wanted to enjoy tax reductions related to Scellier before they become less attractive, it does not surprise anyone. The Chamber of Notaries of Ile-de-France finally estimated 17.5% higher prices to central Paris last year. A change a little lower than the 20% mentioned in the first instance but still atypical. Just as rising prices in some major cities. And fortunately! The market can not reasonably continue to grow at such rates, buyers' budgets are not infinitely expandable.

The year 2011 promises to be more reasonable. Bouygues Immobilier, it provides a stable market for housing in 2011. And no observer expects another year of crazy prices, even in the capital. A market would grow 20% a year would not be healthy.Christian Lefebvre, President of the Chamber of Notaries of Paris, which refuses to forecast long-term "too random", made a vow: "That prices continue to obey this downward spiral upward, which reached limits economically and socially difficult to cross again. "

The year began quietly

Last year, prices have evolved very differently in different regions and cities. In some cities, they stood still, and in others they decreased. And this year? "The price increase is expected to continue because of an offer structural deficit, at least in the tense areas. Overall, the need is 500,000 units per year while it built about 350,000 on average.In the tense areas, prices could well increase in the first half before stabilizing later, "suggests Stephen Imowicz, CEO of Land Bank Property. For many experts, the rise should be limited, the market needs to catch his breath, and buyers too. In 2011, the housing market should once again see mingle price increases and decreases. The national average (2-3% increase expected by Fnaim in 2011) will therefore not very representative.Many are betting on a further year in two stages, a good first half and more attention to the latter, especially as the approach of an election year, traditionally rhymes with less activity.

How are things going there on the ground since the beginning of the year? The Century 21 network, which publishes twice a year in January and July, the statistics from the data transmitted through its network, has agreed to add a date to this year's calendar and to the point at the end of February for Figaro Magazine bad credit pay day loans. "The volume of transactions during the first two months of the year fell 3% from the first two months of 2010, is a significant development," says Laurent Vimont, president of Century 21. Ile-de-France, where the trends are exacerbated, the same receding volumes of 20% (and 10% in Paris). "The market has stalled. All sellers expect the price increase.But rising interest rates on loans reduces the number of buyers. "There is still a slight price increase of around 2.7% in France, but with" strong regional disparities. " "In Paris, the price increase is 1.45% on the first two months of the year. It is more important in the Ile-de-France, where it reached 5.52%, "says Laurent Vimont, which is again multi-speed markets. According to statistics from the network, Seine-et-Marne, and prices are down an average of 7% at end-February compared to February 2010, while they increase especially in the Val-de-Marne.Sebastien de Lafond, president of Meilleursagents.com, also finds a market downturn early this year in the Ile-de-France.

Regions in the photo is just as contrasting as Century 21, prices fell by nearly 5 to 7% at the end of February compared to February 2010 in Alsace, Aquitaine, Basse-Normandie, Bretagne, Midi-Pyrenees Poitou-Charentes and Pays de la Loire, Auvergne, so they progress (+4.2%) or in the Nord-Pas-de-Calais (+ 5%) and they are stabilized in the Rhone-Alpes (+ 0.8 %). "It is in the less expensive the prices continue to rise, the market is readjusting," said Laurent Vimont.

The rate hike is still bearable

At this point the real estate cycle, a sharp increase in rates could freeze the market. But we're not there. Rising mortgage rates since the beginning of the year is real, but contained.Certainly, borrowers can no longer find the conditions of last autumn, but they are not so badly off. Rates are historically low. According to the broker Meilleurtaux credits, rates on 20 years ranged from 3.80 to 4.20% according to the records, compared to a range of 3.60 to 4% a year ago. The broker believes however that the volume of mortgages should be lower this year than last year (130 billion euros against 158 ​​billion in 2010). A decrease that Christian Camus, CEO of Meilleurtaux says the "virtual disappearance" of renegotiations of mortgages this year.

"The PTZ + should restore the purchasing power of households with first-time buyers, the Scellier him, because of its tax advantage, is still interesting for the rental investor," said Stephane Imowicz however.The new tax data, with tax benefits "planed" to investors (see page 186), coupled with the expansion of the zero-rate loan now distributed without means will it change the balance on the market? It could increase the weight of first-time buyers face to investors. Last year, they have captured the lion's share. They represented 63% of buyers in the ninth against 32% in 2000.

Before settling in a small apartment in St. Cloud, just steps from the Seine, has Lagneau Lawrence thought he would never be able to leave Saint-Ouen. At issue: a "preemptive right" exercised by the mayor Audoniens when selling his old studio in 2009, and who has earned more than a year of court proceedings.

This right of preemption makes it possible for local authorities to be given priority when selling a property on any other potential buyer, and at a price generally below the claims of the seller. To exercise this right, the community must demonstrate a specific urban project (renovation, rehabilitation, etc …).But in Saint-Ouen, as in other suburbs of Paris run by municipalities left (Saint-Denis, Bobigny, Bondy, Montreuil, Les Lilas, Nanterre …), the right of first refusal is now held up for the sole purpose of discourage owners from selling their property at a price above the market, otherwise they would face lengthy legal proceedings …

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This time, the Asian financial markets do not evolve in an uncoordinated manner. They all opted for the red on Tuesday. Even the Tokyo Stock Exchange which had posted the only positive stock performance on Monday. Today, it has not withstood the wave of anxiety that hit Asian financial markets. The army fired on the crowd, hundreds of deaths to deplore: tensions repeat Libya and Colonel Gaddafi, challenged by the street, continues to practice repression.

The oil will not stop

Therefore, oil continues to skyrocket, the violence threatening to destabilize the oil producers in the Middle East and North Africa. In morning trading, a barrel of light sweet crude for March delivery gained 6.45 dollars to 92.65 dollars. That of Brent North Sea crude for April delivery has appreciated by 1.21 dollar to 106.95 dollars.

Libya exports 80% of its black gold to Europe, especially Italy, its former colonial power. "A spread unrest in the region could threaten the supply of black gold the economies of the world as the Middle East and North Africa are home to major oil producing countries," said an analyst.

Asian stock markets show for their substantial declines Business Card Holders. At the close, the Nikkei 225 Index 1.78% and cowardly to 10,664.70 points.

Moody's may degrade the note of Japan

Another cause for concern for investors and explain the cons-index performance Japanese: the possibility that Moody's lowered the rating of Japan. The rating agency has indeed degrade "stable" to "negative" view of the debt rating of the country, saying the government was going to struggle to reduce the budget deficit and contain the increase in debt.The country is indebted to the tune of around 200% of its GDP, the highest proportion among developed countries.

The same goes for Chinese stock markets: the Hang Seng Index in Hong Kong dropped 1.92% to 23,033.60 points and the CSI 300 Index lost 2.41% to 3179.45 points. But also for other exchanges: the Taiwan TAIEX Index is down sharply from 1.78% to 8682.23 points, the KRX 100 Index yields 1.38% at 4209.58 points, the S & P / ASX 200 Index lost 0 , 88% to 4856.70 points and the FTSE Straits Times Index was down 1.37% at 3028.57 points. Only the BSE Sensex 30 Index limit its losses with a decrease of 0.08% to 18,423.90 points.