Daily International Headlines

The mood is again dismal Monday in the New York Stock Exchange. The increase in U.S. indices will not last long. Wall Street is ironed into the red in late afternoon. The Dow Jones lost 0.89% at 12,062 points, the Nasdaq was down 1.92% to 2731 points and the S & P 500 loose 1.08% to 1307 points. Friday, despite the release of employment figures better than expected, the NYSE has closed down, hit by a new surge in oil prices.

The main concern of investors are the oil. After jumping more than 20% in two weeks, prices of black gold continued to soar on Monday at the opening in New York, prancing to levels not seen since September 2008 face new battles in Libya. "This week is frightening that opens to the oil market," said Phil Flynn of PFG Best.The risk is high with respect to the offer, and what the market tells us clearly is that he does not think the situation will be resolved quickly, "he added.

To 15.10 on the New York Mercantile Exchange (Nymex), a barrel of light sweet crude for April delivery traded at 105.83 dollars, up $ 1.41 from Friday. In London, the Intercontinental Exchange, a barrel of Brent North Sea outdid themselves with identical maturity of 1.27 dollars to 117.24 dollars, approaching its peak of 24 February (119.24 dollars).

Return of the sovereign debt crisis in Europe

Other bad news the sovereign debt crisis in Europe back on the front of the stage.The rating agency Moody's Investors Service has announced that Monday it had lowered the sovereign rating three notches to Greece, Ba1 to B1 cons before, and warned it could further reduce it, due to continuing economic difficulties and risk of default.

On the foreign exchange market, the euro's rebound accentuated. The single currency continued to be driven by expectations of an early recovery of the interest rate in the eurozone. In early afternoon in Paris, the euro bought 1.3999 dollars against 1.3979 on Friday night

On the macroeconomic front, this week promises to be loaded in less economic publication.United States, the week will be placed under the sign of the American consumer with the release of consumer credit for January today, retail sales in February Friday and the preliminary results of the survey by the University Michigan, which is just the beginning of March. For specialists Aurel BGC, "retail sales for the month of February should show up strongly in the light of increased sales in the retail sector and the rebound in new car sales over the period.

Sanofi-Aventis: 0.39% to 35.68 dollars Genzyme: 0.07% to 75.70 dollars

The side of values, Sanofi-Aventis announced this morning that it had extended the offer for all the outstanding shares of Genzyme, for 74 dollars each and a certificate of conditional value (CCV) per share. This offer ends on April 1, cons on March 16.There are approximately 1.1 million shares, representing 0.41% of capital in this offer. Sanofi-Aventis has announced in mid-February to have purchased the American Genzyme for more than 20 billion dollars.

Citigroup: 0.55% to 4.57 dollars, Goldman Sachs: -0.16% to 160.75 dollars

Citigroup and Goldman Sachs have been affected by deterioration in Friday's recommendations by an analyst.Moreover, according to the Wall Street Journal, Lloyd Blankfein, the executive director of Goldman Sachs, have agreed to testify in the trial for insider trading against Raj Rajaratnam, founder of the investment fund Galleon.

Kraft Foods: -0.25% to 31.50 dollars

After the close of Wall Street on Friday, Kraft Foods announced that they qualify for an SEC investigation regarding a possible bribery case involving the Indian subsidiary of Cadbury.

AIG: 0.21% to 37.47 dollars

Commission oversight of Taiwanese financial services announced this weekend it will take a decision on the sale of the insurer by American Nan Shan AIG in the first half of 2011.

Nasdaq OMX Group: 1.36% to 28.40 dollars

Also note, the Sunday Times, the London Stock Exchange may consider an IPO on Nasdaq OMX Group.

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Monday afternoon, Pierre Berge, Gilles Van Kote and Louis Dreyfus were presented to three shareholders: Pierre Berge, Xavier Niel and Matthew Pigasse, the result of the thirteen candidates for the hearings as director of the World. A name was consensus that Erik Izraelewicz, former managing editor of The Tribune and former editor of Echoes in the world. The three shareholders have agreed to submit it as the only candidate on the supervisory board to be held Feb. 7. Thus they avoided the psychodrama of a short list, a solution which had been rejected by the representatives of the editors fast cash. Then the name of the future director of the World must be approved by 60% of the votes of writing. This vote should take place on February 10.

Erik Izraelewicz, born in 1954 expected to attract the qualified majority.It embodies both stability and identity of the newspaper for having spent many years (1986 to 2000) and has a project to revive the newspaper.

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The Tokyo Stock Exchange finished Friday's session down sharply from 1.56% as investors fearing a future rise in interest rates in China could slow global recovery. At the close, the Nikkei 225 index of blue chips dropped 162.79 points to 10,274.52 points. On the whole week, the Nikkei has yielded 2.14%. The activity was intense on Friday, with 2.67 billion shares traded on the primary market. The broader Topix index of all titles of the first table on his side lost 16.34 points (1.76%) to 910.85 points.

The annual government deficit in Japan in 2020 could reach a staggering 23,200 billion yen (210 billion euros), excluding debt interest, if major reforms are not conducted according to an official report.Under this Scenario, the financial problems would only get worse for the islands, already heavily indebted to the tune of around 200% of its gross domestic product (GDP), the largest proportion among developed countries.

Moreover, in the press Nipon, augmented reality starts. Technology groups and advertising agencies invite Japanese readers and viewers to shoot pictures in newspapers or on TV images with a mobile phone, in order to bring out the videos, a fun way to connect media them. NTT Comware, a subsidiary of Japanese telecom giant NTT (-0.95% to 145.00 yen), this system is currently experimenting with the music bar Blue Note Tokyo.

Red on the other places in Asia, Dhaka remains closed

Photo credits: ANDREW Biraj / REUTERS

The trend remains fragile on Friday on the European stock exchanges. In Paris the CAC 40 has remained in limbo (-0.30% to 3964.84 points) yesterday, Thursday.But this Friday, the index is the height in early trade: 0.46% to 3983.06 points.

Factor supporting this day, the morale of French manufacturers, which continued its gradual rise in January, with a sharp jump of six points from the previous month to 108 points, the sentiment index of all the winning business it a point to 106 points, Insee said Friday.

This morning, Asian stock markets overall declined sustained change, and yesterday afternoon, Wall Street has ended in equilibrium, investors opted for caution amid speculation about new Chinese measures to prevent overheating of the second world economy .

The appointment on Friday, the monthly business survey in industry and services by INSEE. Then 10 hours, the German Ifo index will be monitored.

On the foreign exchange market, the euro is trading above $ 1.35 on Friday.The euro has gained strength this week against a background of successful bond issued by EU countries like Spain and Greece. In front, the dollar depreciated while Barack Obama has welcomed Tuesday its Chinese counterpart and called for yuan appreciation.

Sanofi-Aventis is expected to extend its offer for Genzyme

The offer expires on Genzyme Friday 21 January.

Vivendi Judgement of Paris criminal court in the trial of Jean-Marie Messier.

The three Renault executives questioned complained and defend themselves with force. The doubt settles. The CEO of Renault will speak Sunday evening.

Kaufman & Broad Group announced Thursday night have returned to profitability in 2010 and 21% had reduced its debt after a year marked by a resumption of commercial activity.

The Somfy blinds specialist has announced a turnover up 12.1% for its fiscal 2010 to 852.6 million euros. Sales have benefited from buoyant activity in Germany, Central Europe and East and France. They have offset lower sales in Northern Europe.

Damartex The apparel retailer reported Thursday evening sales up 3.8% in the first half of its fiscal year 2010-2011, to 385.3 million euros.The group, which owns the brand Damart, has not made a forecast for the coming quarters.

Schneider Electric has confirmed on Thursday the closure of its plant in St. Pryvé St. Memin (Loiret) managed by one of its subsidiaries.

Air France-KLM The company yesterday accsué its seventh session decline in a row, with a drop of more than 4% Thursday evening after closing the warning on the results of EasyJet yesterday.

Scor said Thursday it had successfully placed 400 million Swiss francs of perpetual subordinated securities.

CGG Veritas has finally announced that it issued 360 million euros in convertible bonds after exercising the over-allotment option.The group had initially planned to issue 315 million euros.

PRPA The motorway company has reported a traffic increase of 1.3% in the fourth quarter, offsetting heavy traffic traffic light vehicles affected by snowfall and shortages of gasoline early fall.

Compagnie des Alpes The leisure group said sales growth of 1.41% in the first quarter of its fiscal year 2010-2011 supported by a good attendance of its ski areas through early snowfall observed in late 2010.

Veolia Environnement Groupe Industriel Marcel Dassault, the holding of the Dassault family, announced December 31, 2010 hold at 5.37% of share capital and voting rights of society in environmental services.

Cegid reported Tuesday a turnover up 0.4% for 2010 and expects a net profit increase for its entire fiscal year.

Technip announced Friday it had won a contract from refining in Bulgaria worth 70 million euros.

The council has censured Thursday, 19 constitutional articles of the law of social security funding for 2011, whereas they had no place in this text. One of these articles – adopted after considerable hesitation – plans to experiment by a year of "birthing", less than medicalised maternity classic, but nearby hospitals.

The former health minister, Roselyne Bachelot, said she preferred to support this experiment rather than letting young women wishing to give birth "naturally" fall into the hands of cults. Another article stated finally ruled that family allowances would be reduced for parents of children placed in social services.

There are currently only two out of Galeries Lafayette France: one in Berlin and one in Dubai. Now, it will add Beijing to the list. After announcing Wednesday the creation of a joint venture with its partner IT Limited, a company based in Hong Kong, the group said on Thursday that it plans to open between 10 and 15 stores in China in next five years. The department store chain is planning an annual turnover exceeding 50 million euros in each store. This is the group for a comeback after its previous location in the 1990s. "It was probably a bit early.We missed so the expertise of a partner and demand for our standard offer, "says Philippe Houze.

The group arrives in Morocco and Indonesia

The first store with an area of 18,000 square meters – the second largest department store Galeries Lafayette on Boulevard Haussmann after the one in Paris, and its 70,000 square feet – will be launched in 2013 in the shopping district of Xidan, Beijing instant cash with bad credit. "The offer will accessibility to luxuries, will be the pride of the French fashion brand, but also include major brands in the region," said Paul Delaoutre, general manager of the branch department store group.He added: "The store will adapt to local customers, much younger than in France, but also in life, which is lower."

Besides Beijing and Dubai, Galeries Lafayette will also be located in Casablanca, Morocco, where a store will be open from September 2011 and in Jakarta, Indonesia, the group has found a franchise agreement with a local operator to open a store . But China remains the top priority of the group. "We want to book all our means of overseas development in terms of investment in China, said Paul Delaoutre. Furthermore, the openings will be free without us putting money. "

Take your time to grow internationally

Chairman of Galeries Lafayette, Philippe Houze said in an interview to the newspaper Les Echos reported on Wednesday that the group takes its time to grow internationally."The store is difficult to export in that it reflects the sociology of its country of origin no credit check personal loan."

Not to mention that his group has other advantages: "The International is certainly not the only developing our brand, says the president of Galeries Lafayette. The most important today is through the Internet with our online shop that is the subject of much effort and investment. And then there's our French department stores (61), who continue to achieve outstanding performance. "

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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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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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The financial community was expecting this magnitude. AIA, the Asian subsidiary of insurance giant AIG Life, announced Sunday that it could raise up to $ 20 billion in its IPO, which starts tomorrow, Monday, and for 50% its capital.

Such an operation would place second in AIA the largest IPO the world since the early high risk personal loans. The headliner is maintained by Agricultural Bank of China, which raised $ 22.1 billion last summer. ICBC (Chinese bank) has raised $ 21.9 billion in 2006.

The French Union of Petroleum Industries (Ufip) sounded the alarm. While the strike on the oil terminals at Fos-Lavera enters its thirteenth day this Saturday, the agency estimated that disruptions to supply service stations in France are expected within the next two weeks. "If there is no blocking next week in refineries, was one to two weeks ahead of us to find a solution to the conflict," said a spokesman for the Ufip.

Four of the six refineries supplied by the port of Marseille should stop for lack of raw materials from Sunday, "he added. These include the Total La Mede site that works for several days with the "reserve wisdom", that is to say crude stored in Manosque and for national defense. One to two refineries could continue to operate "a few weeks."

The shortage is not imminent

For its part, the CGT is trying to claim the game 'It only means that one has more raw materials for refining, "says Mehdi Rachid, CGT representative at Total. "The deposits of refined products may further fuel service stations several weeks."

Same story on the side of the prefecture. Michel Sappin, prefect of the southern defense zone comprising the regions of Languedoc-Roussillon and Provence Alpes Cote d'Azur, explains that "the maritime supply interrupted refinery was subject to countervailing measures by the Directorate General of Energy and Climate Department of Ecology, environment, sustainable development and the sea, in association with the profession oil. "The warden claims that "the different stocks of refined products allow, where appropriate, to extend the supply stations pending the outcome of the conflict." "We will implement the necessary referrals so there is no break in the stations and fuel depots," also said Secretary of State for Transport Dominique Bussereau Low fee payday loans Friday.

Heavy economic impact

The major industry players have expressed their concern following this movement that lasts. According to them, the economic impact of this strike will be heavy. Thus, without giving precise figures, Total acknowledges that the situation is complicated in the region. Fifty boats was still blocked Friday. The Ufip believes that the detention of a tanker-type vessel costs between 30 and 50,000 euros per day.And remember that the last great strike which lasted 15 days on oil terminals in 2008, had cost about 30 million euros. "The UFIP concerned that the social movements that continue to hinder many years the normal operation of the Port of Marseille, undermine competitiveness and thus the sustainability of refining in the region," said a statement.

CMA-CGM, Third World owner, was forced to "restrict his stops at the Port of Marseille to North Africa, with one stop instead of five." The group says "disturbances diminish the capacity of ports, maritime services which affect them escalent and are highly detrimental to maritime commerce French and French importers and exporters.

Finally, the activities of trade are concerned about the economic impact of the strike on the development of the cruise.According Earth shops, a federation of businesses and services in the Bouches-du-Rhone, the "blockade" of the port has already led the past weekend the diversion of more than 11,000 cruise passengers and a shortfall of over one million revenue for merchants. The Union of the ports of France considers that the situation becomes "economically disastrous". National negotiations between representatives of port authorities and unions on the conditions of early retirement from active employees of the ports is expected to resume in the middle of next week.

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