Daily International Headlines

At 21, the little genius of the French sprint Christophe Lemaître, maddens the counters … and brands. Sought in recent years by more than a dozen of them (according to the Journal du Dimanche), the Savoyard finally chose mineral water from Aix-les-Bains as the first non-sport partnership (it has already been associated 2007 the Japanese OEM image Asics). A logical conclusion, the sprinter is already three years since the ambassador of the city where he lives and trains.

But unlike the previously mentioned ambassador status which would yield between 4000 and 4600 euros per month, this new association between the rider and the city passed this time by a private group.

Bottle collector bearing the image of the runner

The League of mineral waters of Aix-les-Bains is in fact owned by the Group of the Musketeers (owner of the sign distribution Intermarché).

This will be the event of Dubai Airshow, which opens tomorrow for four days. Quest Helicopter, a subsidiary of Quest émiratien Fund Invest today to unveil a draft civil helicopter. The machine whose code-named "Project Q" will be developed from a Ukrainian technology and also mobilize resources and émiratienne British engineering. It will be assembled in the United Arab Emirates (UAE). And ensure its promoters, it will meet the certification standards European émiratiens and Ukrainian. Quest Helicopter promises commissioning end of 2013.

"Project Q" is the first program launched by the UAE aviation, and more generally by an Arab country. For many exhibitors Western the 2011 Dubai Airshow marks the transition to a "new era" in the region.After the bursting of the housing bubble in Dubai and the flurry of Arab spring, everything changed guaranteed payday loans. "There is a return to a certain wisdom in the investment and the need to prepare the post-oil by industrializing the country," developing a good knowledge of the Middle East. In the region, Abu Dhabi plays a locomotive. The capital of the UAE Goes technologies and among them, aerospace. The plane remains a powerful symbol and a tool for sovereignty.

For now, the country's aviation ambition focuses on helicopters and subcontracting. "Their goal is to become supplier of the forefront of major aircraft manufacturers, not a competitor," says one expert. To this end, Mubadala, the sovereign wealth fund in the UAE, has signed a worldwide partnership agreement with EADS in 2008 in the wake of an order for Etihad Airways, Abu Dhabi Company for 55 Airbus.

In the wake of Air France, which faces a strike by staff since the start of the weekend, the Australian airline Qantas has decided to discontinue all its domestic flights and the world for an indefinite period. Prey to a social Conlit that has lasted several weeks, management has already warned that 70,000 passengers were affected at the moment, knowing that 600 flights have been canceled. More broadly, its fleet of 108 aircraft will be pinned down in 22 airports, Qantas said in a statement.

All flights of the company are canceled as of Saturday, said Officer. "The devices currently in flight will go to, she adds.However there will be a single new domestic or international flight anywhere in the world. "Qantas said its employees will be denied access to the company as of Monday morning cash advance flexible payments.

Faced with a large section of its employees challenging the group's policy, management of the company has chosen the hard way to break the impasse. Calling itself the decision "incredible", Alan Joyce, Qantas's boss said that "the aircraft will be grounded as long as necessary for the situation to an end," at a press conference convened in a hurry on Saturday. No way for him to accede to the request of trade unions, which he said, "Qantas would destroy the long term."

Retrenchment and redeployment in Asia

What technicians, ground staff and pilots claim, it is mainly wage increases.

After resisting the morning, the Paris index has increased its losses Tuesday mid-day, finishing down 1.43% to 3174.29 points. Parisian investors have expressed a wait-and very excited at the eve of an EU summit in crisis considered major. Sign of a strong wait-and trading volumes did not exceed 2.6 billion euros. Some profit taking after two sessions of strong gains also came influencing the trend. Less marked decline elsewhere in Europe, where the German Dax has limited its losses to 0.14% at 6045 points and the FTSE in London 0.41% to 5525.54 points.

Immersed for weeks in a deep pessimism, investors had played the crisis Friday and Monday. However, the ability of European leaders to respond definitively to the debt crisis is still struggling to convince.A phenomenon that confirm the disagreements between countries in the euro area on the measures to adopt, and just wiping out the gains Monday. If the preparatory meeting of finance ministers of 27 (Ecofin) has been canceled, the leaders of the euro area, however, continue to negotiate before the meeting tomorrow Wednesday of Heads of State and Government (first of 27 and 17 of the the euro area).

At the heart of the discussions: the recapitalization of banks, the amount of the discount of the Greek debt, and strengthening the European bailout fund (EFSF). According to one diplomatic source, the representatives of the banks would like to limit the discount to 40% volunteered to stabilize the Greek debt, against 50 to 60% required by the euro area.Moreover, concerns about the Italian situation is escalated, while Silvio Berlusconi may have trouble getting the promised reforms the last weekend to reduce the debt of his country. The Prime Minister pledged to push trans to 67 years of age retirement.

Diving morale of U.S. households

In this context, mixed economic data revealed the Atlantic have increased pessimism. Stabilization of U.S. house prices in August, according to the Case Shiller index, and the unexpected plunge in the morale of U.S. households in October, have reinforced doubts about the health of the world's largest economy.

By sector, banks are logically the most attacked, BNP Paribas, lost 3.75% to 30.80, Societe Generale fell back to 3.80%, to 19 euros. Axa was down 1.76% to 10.90 euros.François Fillon, French Prime Minister confirmed that the banks of the Hexagon should recapitalize to the tune of "ten billion euros."

In contrast, cyclical stocks including oil services, were well oriented, supported by oil prices that reached a high for about three months. Maurel & Prom has awarded 2.86% to 14.90 euros and CGG Veritas was up 1.21% to 16.73 euros.

Also against the current, and two days before unveiling its sales for the third quarter, the title of Plastic Omnium has continued to rise (3.35%, to 20.76 euros) having already jumped more than 10% two sessions. Finally, on the eve of the announcement of its quarterly revenue, PPR has taken the lead in the CAC 40 with a gain of 3.84% to 111 euros.

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Berlusconi response. In a statement on Monday evening, the Italian Prime Minister was angry: "Nobody has anything to fear from the third European economy and the extraordinary founding of the European Union" which is the Italy. He added: "We honor our debt regularly, we have a primary surplus [excluding debt interest] more virtuous than we and our partners will achieve a balanced budget in 2013."

However, the prime minister called Monday an emergency Cabinet, to provide for new budget cuts. A decision under pressure from its neighbors, France and Germany leading the way. President Sarkozy, supported by Chancellor Merkel, had clearly stated on Sunday: "No way to play the solidarity if those we help are not their own efforts." Lacking only the name of the target country.But everyone understood.

Markets have a cold sweat

"Friendly advice" or insisting express condition of rapid assistance of the European Union (EU) and International Monetary Fund (IMF) in Italy? This second hypothesis has been swept by European leaders, merely to establish a powerful tool for playing a deterrent and prevent contagion of the debt crisis. Nevertheless, doubt has spread on Monday with confirmation from several sources, the European experts 'study' the option of a rescue of the Italian Treasury. Enough to make a cold sweat to markets and European leaders, the Italian economy weighs 2.5 times more than those of Greece, Portugal and Ireland combined, the debt reached 1.9 trillion euros.

However, unless the markets do not hurry the business, there is still no question that Italy is in the near future to help stop the EU and the IMF. Officially, nothing in the pipe. Support Fund for the euro area (EFSF) does in fact not the instrument that experts in the euro area, but shall give it already to be finalized Wednesday between heads of state and government. In addition, Rome has taken any of the three steps which may be imposed for such assistance: assent of the ECB, a general agreement of 16 other shareholders of the Fund (including Germany of course) and a motion for good standing of the part of Rome.

Humiliation

For the Berlusconi government, it would be a humiliation.Leaks on Monday evening seem so at first as an additional political pressure exerted on Silvio Berlusconi, that he arrived late Wednesday in Brussels with a credible plan of action.

The Italian leader has three days to do what he debate with its allies for three months. Berlusconi promised to Brussels to accelerate the pension reform, but is faced with its ally the Northern League. For now, his Cabinet was to consider other measures such as the auctioning of items of public property: barracks, buildings, land, beaches … The product will be used for debt of the state. Other possible measures are more uncertain.Yet another tax amnesty would bring back the money but would be very controversial; liberalization of certain markets, privatization of municipal corporations, reducing the lifestyle of the state, reform of labor law divide unions and parties. The road is very narrow.

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"CRISIS SPECIAL: Fear of debt

The tension was still palpable on Friday on financial markets. The fear of a relapse of the global economy continues to weigh on investor sentiment. After the debacle of Thursday, the CAC 40 has attempted a rebound shy at the beginning. He then procrastinated for most of the session to finally close on a rise of 1.02% to 2810.11 points

In five days, the index of the Paris Stock Exchange dropped 7.3% since the beginning of the year, it now shows a loss of more than 26%.

The atmosphere was febrile also on other major European markets, which have moped for most of the day. London has finally gained 0.50%, and Frankfurt, 0.63%.Wall Street also tried to regain his senses.

Throughout the week the markets were concerned about the inability of monetary policy makers and reassure them.

Finance ministers and central bankers of the G20 countries, gathered since Thursday in Washington, pledged to "make a strong and coordinated international response" to the crisis. For their part, major central banks around the world have pledged to continue "to support recovery" and promised to ensure that "banks have adequate capital." In vain.Immersed in doubt, investors offload the risky assets.

Jean-Pierre Jouyet, the president of the AMF, the policeman of the Paris Stock Exchange has agreed that the situation remains "very worrying" and expressed concern of a "risk of systemic crisis" able to dive the entire financial world into chaos.

Banks have also had a meeting even under high tension. They are finally rising again after about a member of the Board of Governors of the ECB that the institution "could reintroduce refinancing operations a year for banks," according to Patrick Jacq, economist at BNP Paribas . Societe Generale has increased from 8.76% to 9.78% BNP Paribas and Credit Agricole of 4.78%. Over the whole week, the titles of major French banks, however, blame the loss of more than 10%.The heaviest fall of the CAC 40 of the last five trading days, however, returned to Vallourec, cyclical value par excellence that shows a loss of 17.5% for the week. No value no CAC 40 ended the week in the green. In the SBF 120 JCDecaux climbs over 10% for the week. The title is valued by analysts to the strength of its prospects and the recurrence of its results.

Asian stock markets found the way to the rise on Monday. After the extreme volatility of the previous week, investors will decide to follow the bouncing of European and American markets. The Nikkei index of Tokyo Stock Exchange has thus concluded the day on a rebound, from 1.37% to 9086.41 points. The broader Topix index has returned 1.16% share to close at 777.12 points.

The Tokyo Stock Exchange was shaped in the early morning hours. The course of the Japanese currency gave him a break by staying roughly stable against the dollar, the ticket to turning throughout the session around 76.90 yen. The principals in Tokyo were also pleasantly surprised just before the opening of evolution by the numbers of gross domestic product (GDP) of Japan in the second quarter, which showed signs bode well despite the severity of the shock collected after the earthquake of March 11.

The archipelago has suffered from April to June the third consecutive quarter of decline, gross domestic product (GDP) declined by 0 instant payday loan.3% over the previous three months. This decline of 1.3% annualized, but well below that expected by economists, and most of them hope an upturn in the summer.

Moreover, time was also optimistic. The Stock Exchange of Hong Kong and Shanghai respectively gained 2.98% and 1.21%. Exchange Syndey advanced 2.64%.Seoul and Bombay were closed due to holiday.

Oil up

Oil prices were also up Monday morning in electronic trading in Asia in the wake of the Asian stock markets, but the gains are likely to remain limited because of persistent concerns about the state of the global economy, analysts said.

In morning trading, a barrel of "light sweet crude" for delivery in September gained 22 cents to 85.60 dollars. That of Brent North Sea crude for September delivery took 27 cents to 108.30 dollars.

Concerns still dominates trade in the Paris Stock Exchange on Wednesday. The CAC 40 was down 0.65% to 3763.42 points in mid-session. Elsewhere in Europe markets evolve piecemeal. In London, the FTSE-100 index advances 0.87% at 5915.80 points while in Frankfurt the Dax was down 0.24% to 7331.9 points.

Yesterday, the CAC 40 index closed below 3800 points, troubled by debt problems in the United States. One week before the deadline, Congress remains divided despite the new call for compromise of President Barack Obama urged the Republicans to act to prevent default after August 2, including the economic consequences could be severe.

Republicans and Democrats offer two different plans.On the one hand, the Republican chairman of the House of Representatives, John Boehner, insisted on Tuesday his plan, a "reasonable approach" he said to avoid default. On the other, the head of the Democratic majority in the Senate, Harry Reid, defended his rival project. "The Senate plan is the only real compromise that we have in Congress today, and it's best chance to avoid an economic crisis in a week," he said.

Christine Lagarde, the new director of the International Monetary Fund (IMF) has also called on Washington to "find a real solution." She also asked the Europeans to apply "quickly" the plan against the debt crisis.

The dollar is still worth

Since then, global markets are nervous. In Asia this morning, the issue of U.S. debt was back the Nikkei.Wall Street closed down yesterday for the second straight session. "While remaining confident, we also understand that there is some anxiety as we push things until the last minute," lamented the spokesman of the Presidency, Jay Carney.

On the currency side, the dollar is still abused. The euro, however, gives some ground in late morning at 1.4495 dollars against 1.4509 late Tuesday. Oil is not his direction, the barrel of "light sweet crude" for delivery in August the amount of 34 cents to 99.25 dollars and that of Brent North Sea crude for September delivery taking 17 cents to 118.45 dollars.

In this gloomy atmosphere, operators keep an eye on the indicators of the day. United States, orders for durable goods and the weekly crude inventories will attract the attention early in the afternoon.The Fed's Beige Book will also be an important appointment (20 hours in Paris). The unemployment figures for June in France fall after-hours trading (6:00 p.m.).

Values ​​to follow

PSA: -7.86% to 27.18 euros (largest decrease in the ACC)

Net income in the first half rose 18.5% to 806 million euros and sales of 9.7% to 31.1 billion euros.The negative impact of the earthquake in Japan and the rising cost of raw materials led him to a little more cautious for the full year.

Nexans: -7.62% to 60.76 euros

The group reported a loss in the first half of 151 million euros, and announced a provision of 200 million euros for the European survey.

Atos: + 5% to 39.15 euros

The French IT services company said Wednesday net profit in the first half of 2011 up 66% year on year to 100 million euros, and welcomed the 11% growth in its operating margin in a statement no fax payday advances.

AreclorMittal: + 2.64% to 22.70 euros (largest increase in the ACC)

The world of steel recorded a 10% drop in net profit in the second quarter, but has been as expected a further improvement in profitability, according to a statement released Wednesday.

LVMH: + 1.08% to 131.40 euros

The group saw sales increase by 13% in first half operating performance and increase by 22%, driven by demand for luxury goods that do not weaken despite the uncertainties surrounding the global growth.

Vinci: + 1.51% to 41.22 euros

The group announced Tuesday a record order book and robust business in the first half, making it possible to confirm its growth target of more than 5% of sales in 2011.

Euler Hermes: + 1.72% to 61.02 euros

The credit insurer said Tuesday it hoped to reach at least 320 million euros in net income in 2011, an increase of almost 10% compared to 2010 despite continued pressure on prices and the lack visibility of the markets.

M6: + 0.06% to 15.76 euros

The group is expected to improve its diversification activities in the second half after a difficult first half of the year, told Reuters on Tuesday Jérôme Lefebure, its chief financial officer.

Saffron: + 0.12% to 28.74 euros

The group finally completed the acquisition of specialist U.S. facial recognition software L-1 Identity Solutions after hiring a former head of a major U.S. intelligence to overcome any concern related to safety.

Sopra: -0.27% to 56.35 euros

The group confirmed on Tuesday its forecast for organic growth in sales in 2011 and anticipates an improvement in operating margin in the first half.

Spir communiction: -3.20% to 38.14 euros

The group engaged in a difficult transformation plan, announced Tuesday he was still a net operating profit in 2011 despite a drop in this indicator during the first half of the year.

Icade confirms its objectives

Next Radio TV: -0.66% to 13.50 euros

The group reported Tuesday a sharp increase in its financial results for the first half, boosted by the increase in hearings RMC and BFM TV background current density.

Icade: -0.97% to 82.51 euros

The group confirmed its targets for 2011 and Tuesday 2012 after reporting strong growth in its interim results, bolstered by improved margins from its Development division and reducing its cost structure.

Compagnie des Alpes: + 0.09% to 22.20 euros

The group reported Tuesday a decline in sales on a comparable basis as part of its third quarter, related to a decline in activities of skiing due to an unfavorable timing of the Easter holidays and a deterioration in the snow.

After market, Valeo, Thales, Ipsos and FDR will publish their first-half results. Air France-KLM, Vallourec, Areva, Altran, Mr Bricolage, Rexel, Gecina Nexity and reveal their results and revenues for the second quarter.

Coincidence of timing, when the French government announced the rules for large PV installations, the producer of renewable energy Neoen and private equity investment Axa Private Equity participate in the consolidation of a growing industry but still very scattered. Neoen and Axa PE announced Monday the purchase of renewable Poweo activities. Founded by media Charles Beigbeder, Poweo is controlled by the group since 2009 Austrian Verbund. Its branch renewable 100% controlled by Verbund, is distinct from Poweo SA, the small challenger EDF is for sale. Taking advantage of the confusion, the action Poweo SA rose 18% on the stock market yesterday.

Active in offshore wind

The operation mounted by Neoen and AXA PE is around 50 million euros, according to Xavier Barbaro, CEO Neoen. The two buyers will share the assets of Green Poweo.Neoen take possession of 14 megawatts (MW) of photovoltaic systems in operation in France and a portfolio of projects. Totaling 50 MW in solar and wind power and 70 MW biomass project in the state approved.

Neoen also retrieves the trash from Poweo installed in the consortium recently with EDF to meet the tender of the State on the first offshore wind

This young company, founded in 2008 in the lap of Direct Energy, is now a "sister company", sharing the same shareholder, namely Jacques Veyrat.As part of his departure on June 30 of the Louis Dreyfus, one that Robert Louis-Dreyfus regarded as his spiritual son got in exchange of its shares in the group of trading, more active and which Neoen 39 2% of Direct Energy.

Supported by its new shareholder, the small Neoen sees far. With the acquisition announced Monday, "we will double our sales power," said Xavier Barbaro. And "it is only a first step," said the leader of this company recently opened an office in Portugal for investment in solar.

Xavier Barbaro time opportunists in photovoltaics in France is over. To evolve and grow in the highly capital-intensive renewable energy, whether solar or wind, "you have to reach critical mass."

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While the ongoing wrangle with Casino in Brazil has shifted in favor of its competitor, Carrefour has released Wednesday a turnover in line with expectations. Group sales in the first half amounted to 44.6 billion euros, up 2.7% at current exchange rates (+ 2.5% at constant exchange rates) and 0.1% in comparable excluding petrol, adjusted for the calendar effect. Sales for the second quarter amounted to 22.4 billion euros, up 1.6% at current exchange rates, but down 0.2% on a comparable basis, excluding petrol and excluding the calendar effect .

While the group had mid-June, revised down its operating income to 35% in France, it now expects a decline of 23%, due "mainly to France."Lars Olofsson said that "Carrefour has set up an action plan in order to achieve the target set by the Group to grow its sales and EBIT in 2011."

Uneven performance in France

In France, the performance is mixed. Lars Olofsson deplores a "unsatisfactory performance of hypermarkets," whose sales are down 3.3% excluding petrol in the second quarter and adjusted for the calendar effect, after falling 1% in the first quarter.

However, Carrefour welcomes the performance of its stores. Carrefour Market and saw its sales grow by 1.3%. As for Carrefour Planet, "the four stores models continue to show sales growth in double digits."The group said that "the deployment of 21 new stores in the second quarter Planet is broadly in line with the plan, these new stores outperform those of our traditional hypermarkets in Spain and Belgium in particular."

Abroad, the decline continues in Western Europe (down 2.1% in the second quarter and 2.6% in the first). The activity in Belgium, however, displays a successful turnaround, with sales growth of 10.1% in hypermarkets.

Emerging markets are, in turn, still the group's activity. Latin America was up 11% at constant exchange rates, excluding petrol and adjusted for the calendar effect. In Brazil, where Carrefour battle as to marry the first retailer in the country, sales rose 10.2%.In Asia, growth remained at 5.3%, with an increase of 8.3% in China.

In exchange, Carrefour began declining after the announcement of these results. After losing 3% on opening, the title was eventually closed up 1.52% to 22.325 euros in the last trade. The CAC finished up 0.51%

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