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Germany reopens the file EADS. Angela Merkel meets several of his ministers in Berlin on Wednesday to discuss the future of the German presence in the capital of the aerospace giant. Up to 15% of its shares could change hands, enough to weaken the fragile balance built at EADS, a source of chronic psychodramas between Paris and Berlin in recent years.

German side, the automaker Daimler holds 15% stake in EADS and has 22.46% voting rights, while a banking consortium, led by Deutsche Bank and Goldman Sachs, owns 7.5%. This syndicate had bought the block of shares to Daimler four years ago as part of a mission to carry. It ends in 2012."By organizing this meeting, Angela Merkel has shown that political power should look to the future of a strategic industry for Germany when the German bloc of shareholders have said they wanted to sell quickly," notes one expert dossier.

Bankers want to disengage. Lloyd Blankfein, chairman of Goldman Sachs, came to Paris to discuss with the leadership of EADS few weeks ago. "The boss of Goldman Sachs has been clear. He wants to sell. However, if you asked him to extend his work as porters, he agreed to do but negotiate counterparts on other subjects, "says one banker.The U.S. bank would play a leading role on the German bond market.

New investors

For his part, Daimler wants to cut its stake by half to complete its focus on the automobile in which he needed money to invest small personal loans. By ceding half of its securities, it may recover 1.4 billion euros (at current price). Retaining 7.5% of the capital, Daimler still exercise, as provided in the shareholders' agreement, 22.46% of voting rights. It would end at the same level in the capital that the French group Lagardere (7.5%) and one private shareholder and the shareholder pivot tricolor alongside the French state (15%). There would be no questioning of the pact between the two private groups.

In total, 15% stake could change hands. It is unlikely that the German state taking over all or part of this block.He must find a way to bring in industrial or financial investors such as German KFW, the equivalent of the Deposit or Land where plants of EADS-Airbus. "We must break with the nationalizations that were needed during the crisis, but only during the crisis, said late last week Michael Fuchs, spokesman for the CDU-CSU Christian Unions, the party of Angela Merkel. "In principle I am not for government involvement," added the Minister of Economy, Rainer Bruederle, in an interview with the Hamburger Abendblatt to be published today. The Free Democrats, allies in the coalition government also do not want more than the government meddles in the future of business.

Paris Has it been too sure of his strength? There is just one more year, the possibility of relocation was seen as a joke by the City Council. At the point of not meeting the requirements of the French Tennis Federation, eager to expand the site of Roland Garros in order to accommodate the public, partners and media in better conditions, and to demand a fee from astronomical 2016 (the current lease expires in 2015). "There is a Roland Garros. There is no other. It will be more if it leaves Roland Garros Paris. The love story between Roland Garros and tennis is necessarily the Porte d'Auteuil, on the current site (…) I'm really a city tour to the suburbs but frankly what belongs to Paris is Paris.Roland Garros as the Eiffel Tower is part of Paris, has just recently told Jean Vuillermoz, Deputy Mayor of Paris, in charge of sport in a whiff of superiority. Faced with this situation, the TFF has decided to react by putting Paris in competition.

A hotly contested competition
A bluff? Initially judged as such, the call for entries is taken very seriously. Three suburban sites are then selected to host Roland Garros: Versailles, Marne-la-Vallée and Gonesse. The quality of records that are pushing the proposed FFT to seriously consider a move. "Attitudes have indeed changed," admitted the director Roland Garros Gilbert Ysern, whom we asked last November.Under pressure, the Mayor of Paris reacts through Bertrand Delanoe, who tabled a "vow on the development of the Tournament of Roland Garros in Paris" fulfilling all the wishes of the original Federation. Extending the area of 60% (5 hectares), covering the Central, the construction of a new 5,000-seat stadium, a new concession for a period of 99 years and a charge down the figure indexed business.

An eminently strategic
By choosing to stay in Paris, the FFT would be the choice of conservatism. A choice of heart more than reason? So says Hervé Dupont, executive director of the Plaine de France, holder of record of Gonesse."Either the Federation made the strategic choice to remain in Paris for convenience, for fear of change, because it costs him a little cheaper … Either it moves and in this case we believe we have the best project." Leaving the historic site Auteuil would especially at Roland Garros to catch up and even take the lead, on the other Grand Slam tournaments (Wimbledon, U.S. Open and Australian Open) in terms of area (over 30 hectares) no checking account payday advance. Pragmatic, Guy Forget is rather favorable to offshoring.

An opinion that disagrees obviously not John Vuillermoz: "Is that what is important is the space, the number of acres? Does the importance of this tournament is not elsewhere? The goal is to get better. There will be an opening to a new space, a new short 5,000 seats. A lawn will replace the short No. 1, which is not beautiful.This will allow spectators to picnic before a large screen that will broadcast all the matches. This is what will stay at Roland Garros in its box, while remaining accessible to the greatest number. This is not just about square meters. "

Dissension
Unlike Gonesse and Marne-la-Vallee, where the political will to welcome Roland Garros is unanimous, the case of Paris, like that of Versailles, is facing some dissension. "We are a democracy, everyone can express themselves. You say there is no opposition would not be true.Now, democracy is majority and in this context, the Paris council has spoken: 12 councilors voted against and 141 voted for! After the Greens, who voted against the Olympic Games in Paris, which are against the top-level sport in Paris and that the residents of the Porte d'Auteuil want to stay together and not to involve the mass is their problem … But the great mass of the Parisians is favorable. All the polls show, "says Jean Vuillermoz, reminding us that Paris can count on support from the weight, partners and sponsors.

Sponsor support historical
BNP Paribas, whose brand is associated with at Roland Garros for 37 years, is actually very clear about this: "We support the continuation of the tournament in the capital. We believe that much of the prestige is that it is in central Paris.Whatever the qualities of offshoring projects, they would not have the same influence. "Same story from Alain Afflelou:" Roland Garros is a prestigious tournament that counts a lot in terms of public relations device. Currently, it is easy to reach, it will be more complicated than 35 km … "Favorite, File Paris nonetheless threatened. Not sure he collects 66% of votes of the 195 voters of the Federation for its victory on Sunday. He could well find themselves with ballot Versailles (the most dangerous rival?). The two finalists then the tie would be within three months, an absolute majority, at a new General Assembly …

The Paris plan:

The shockwave of the Egyptian revolt shakes up Wall Street. The chaos seems to reign in the second economy in Africa is causing great uncertainty. Accordingly, investors are lying around.

• Scholarships Arab fall. Sunday, which is not a public holiday in Muslim countries of the Arabian Peninsula, financial markets are in the red. The Dubai Financial Market lost 4.32%, that of 2.95% over Qatar, Abu Dhabi 3.68% and 1.76% of Kuwait. Riyadh, which ended Saturday night in 6.43% drop, recovered some of its losses (2.47%).

"On Saturday, the fall of the stock market in Riyadh has erased all the gains since mid-October," says Paul Gamble, Jadwa Investment."The turmoil will not affect regional economic prospects or those of Saudi companies, but they have undermined confidence, particularly that of foreign investors." Investors in the Kingdom have also suffered: they hold $ 126 million market Egyptian.

• Fears over the Suez Canal are the flaming oil prices. Brent crude ended the day higher Friday, brushing the symbolic 100 dollars to 99 dollars. The markets are worried because Egypt, which produces little black gold, occupies a strategic position on the oil route between the Arabian Peninsula and the western countries. It controls the Suez Canal and the Suez-Mediterranean pipeline (Sumed). About three billion barrels pass through these two paths, according to analysts at Societe Generale.They deemed unlikely a paramilitary attack against these facilities guaranteed approval cash loans. They believe however that a strike could affect tanker traffic.

"The closure of the channel lengthen the 10-day tanker trip toward North America, and 18 days to Europe," said specialists from JP Morgan. Developed countries have sufficient reserves to cope with these setbacks. But put them to work would automatically lead to higher oil prices, they said.

JP Morgan analysts fear that in the longer term, "the troubles are spreading across the Middle East producing countries of North Africa, which would have great impact on the stock market and confidence," noted Analysts at JP Morgan.A sustained increase of 10% in oil prices may cut off the global growth of 0.25% over the quarter.

• Tanks Cairo pound the floor on Wall Street. On Friday, the index feature of American values, the S & P 500 experienced its sharpest decline since August. Concerns about rising interest rates in Europe have dragged down the market share in early trading. But analysts wrote JP Morgan, "the floor was frankly collapsed when the news came out of an escalating protest in Egypt." It was enough for investors to rush to sell. Movement "that sought for some time good excuse to go off," added the experts the U.S. institution.

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U.S. stock markets open on Monday without much enthusiasm. The Dow Jones timidly advance of 0.15% at 11,509 points. Friday the New York Stock Exchange has experienced a new session without major trend. The Nasdaq gained 0.31% to 2652 points and the S & P 500 has gleaned 0.30% to 1248 points.

Wall Street just surfing to new heights for more than two years, seems to catch his breath. Since September 1, the S & P 500 has in fact increased by almost 15%. "Like many indices have risen, buyers are not lining up. The sellers are so few, large managements have already made their arbitration … "says a professional.

Immobility further strengthened by the approach of several key deadlines. Indeed, if today's meeting promises to be even quiet with no major indicators in the U.S., the next day should be much more animated.Indeed, the major economic releases this week will focus on the day on Wednesday and one Thursday. Investors monitor including sales of existing homes (Wednesday) and new (Thursday). But the main highlight of the week at the macroeconomic level is expected on Thursday with the number of durable goods orders for November.

On the foreign exchange market, the euro accentuated its losses against the dollar on Monday, still weakened by concerns about public finances in the euro area after the cut Friday by Moody's rating of Ireland. About 11:00 am in Paris, the euro bought 1.3154 dollars against 1.3185 dollars on Friday night.

Meanwhile, the National Retail Federation raised its sales expectations for the month of December. It now expects 3.3% yoy against 2.3% previously. For his part, ShopperTrack revised its forecast of 4% against 3.2%.And retailers like Wal-Mart, Toys "R" Us, Macy's has replaced aggressive promotions for this weekend to boost sales with Christmas.

The side of values, the U.S. investment bank JP Morgan (0.62% to 39.92 dollars) on Monday announced the "significant investments in real estate in London" and including the acquisition of a building at 25 Bank Street in the business district of Canary Wharf, which will become its new European headquarters in 2012.

Google Internet group (+0.26% to 592.36 dollars) has asked manufacturers to delay the TV marketing of their models connected to the internet in order to improve the operating software of these televisions, said the New York Times.

Chevron (0.82% to 89.22 dollars) confirmed Monday that one of its pipelines had been damaged in southern Nigeria a lost generation, after the announcement Saturday by an armed group of bomb attack three pumping stations.

Always on the side of s values, according to the Wall Street Journal, the group of North American Food Sara Lee (+0.35% to 17.32 U.S. dollars), full strategic thinking since the departure of his boss Brenda Barnes during the summer, plans to sell the Brazilian JBS. Citing sources "familiar with the matter," the business daily said in its online edition Friday that "JBS approached Sara Lee and discussions were held, with interruptions, for several months."The daily noted, however, that the capitalization of JBS are hardly higher than Sara Lee, "it might be difficult to establish an offer of full recovery."

Also note, the terminal manufacturer Ingenico payment is a "strategic" and "essential" for the French electronics industry, said Monday the Minister of Industry Eric Besson, welcoming the rejection by the Board of Directors this company a bid for a foreign company.Ingenico (75.89% to 7.37 dollars) did not identify its suitor, but according to different observers would be the diverse group of American Danaher (+0.09% to 46.84 dollars).

Moreover, the U.S. online retailer eBay (-0.20% at 29.76 dollars) on Monday announced the purchase for 150 million euros from German site brands4friends that organizes private sales of designer clothes, accessories or consumer electronics. This site, founded in 2007 and which claims 3.5 million members, operates on the principle of private sales is to say promotional offers for its members, on branded products.

The contract for the purchase of ten high-speed trains Siemens "has been signed with Eurostar, confirmed Monday night Thierry Mariani, the new Secretary of State for Transport on the sidelines of the signing of the agreement between the State and SNCF trains on the balance of the territory. "But for it to be definitional, must be conducted in advance of serious studies on the technology used, the distributed drive system (motors are distributed in different cars as opposed to the TGV driven by a motor Ed).

The contract between Siemens and Eurostar has become a real can of worms Anglo-Franco-German since it was signed last October. The tender for the purchase of ten high-speed trains destined to pass through the Channel Tunnel has become a political issue that now escapes to the companies concerned.

The case began in October lorsqu'Eurostar announcement that Siemens won the contract for 800 million euros, including delivery of high-speed trains should start in 2014. Alstom, which lost the bid, said that the contract can not be realized because the technology of distributed power has not yet been approved by the Intergovernmental Commission of the Channel Tunnel (IGC). It turns out that the judge had given a preliminary opinion last March supported "the principle" of the distributed power. Eurostar has found that this position was a promise of approval if the manufacturer complied with security requirements.

Members of the French government are immediately on the frontlines. Therry Mariani's predecessor, Dominique Bussereau, has even estimated that the contract was null and void.And his signature had not yet taken place seemed in jeopardy.

December 3, Siemens announced that the contract was finally signed. Neither Eurostar nor its parent company SNCF, the French government did not confirm the information. A week later, coup de theater, the two representatives of the SNCF Eurostar board have resigned a few hours before signing the contract. And according to the Financial Times, this is the result of pressure from the French government on the public company.

Asked Monday about the resignation, Guillaume Pepy, SNCF president present alongside Thierry Mariani, confirmed that "two directors had given him their mandate." As for the possible pressure exerted by the government, he preferred "not comment".

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RTL confirmed its position as the leading French radio in terms of total audience over the period September October 2010 with 12.3% of total audience, according to Mediametrie. An increase due to the excellent performance of its morning which is leading to all radios on the edge 5am-noon.

NRJ radio becomes the second of France thanks in part to its edge morning hosted by Nikos Aliagas. The station now shows 10.7% of total audience. Europe 1 on his side reach the same levels of 2009 after his little slump in the spring. Note also that RMC gradually from 6.5% of total audience a year ago to 7.1% over this new wave. In the wake of NRJ, Fun Radio is also progressing. Finally, France Inter, despite the strikes which have affected this fall, lost only 0.2% of total audience.

Note the record audience of local radio with 19.5% of total audience.The social movements of October have resulted, according to experts, a massive return of French to local radio stations.

Finally, the radio media as a whole gained more than one point in a year affrichant a total cumulative audience of 81.6% against 80.2% a year ago.

No need for capital increase. As BNP Paribas, Societe Generale and BPCE group had done in previous days, Crédit Agricole Wednesday rejected any appeal to the market to meet the new prudential requirements in their current state. The mutual group ensures that its financial structure "solid" and its "internal flexibility" it will show in 2013 a capital ratio above 7%, as required by Basel 3, both overall and at the level its listed vehicle, Credit Agricole SA (Casa).

For the green bank, this commitment is far from a formality. Financial analysts have repeatedly in recent months, to sound the alarm about the French mutual, judging it the most vulnerable in Europe face the stresses imposed by regulators.

Heavyweight insurance

In particular, they require that banks deduct from their own funds a portion of their holdings in the insurance business or in banks. However, Casa, truck insurance, also owns 25% of regional banks in the group. A capital structure similar to that of BPCE and its subsidiary Natixis. Natixis, a new entrant to the CAC 40, has also dropped in exchange for about 12% Wednesday, the day after disclosing earnings below expectations, but its prospects deemed disappointing in terms of prudential ratios payday loans for self employed.

Suffice to say that Credit Agricole was eagerly awaited Wednesday on the subject as technical as strategic. It has revealed that participation in the Casa regional banks would increase its risk-weighted assets of 50 billion euros.It will add 70 to 90 billion euros of risk-weighted assets related to market activities. Who said said additional risk-weighted capital requirement additional. Knowing that, at the same time, the regulator imposes capital deductions in current use: it could go up to 8.5 billion for Casa.

To compensate for these "less" prudential, Crédit Agricole has emphasized its ability to generate profit. In the third quarter, the whole group net profit group share of EUR 1.4 billion, doubled over the same period in 2009. Casa alone posted a net profit after minority interests of 742 million euros is 2.6 times the profit earned in the third quarter of 2009.In the nine months, the group garnered a profit of 3.3 billion, including $ 1.6 billion at Casa.

In total, 15 billion euros in profits that Credit Agricole expects to generate between 2010 and 2012, including 7 billion for Casa.

Heating, maintenance, Trustee … the weight of condominium fees continues to increase, reaching the point of sometimes several hundred dollars per month. According to the monthly The individual, he is at present impossible to know precisely whether the requested expenses are too high relative to those of similar properties because of reliable databases. The only statistics available today are in fact issued by property managers. That is why the magazine published in its November issue, the results of its first fully independent barometer.

This survey shows that all cost items have increased between 2008 and 2009. On average, total costs amounted to 38.42 euros per square meter per year.In Paris and its suburbs, the 40 euros is blithely exceeded, respectively with 45.32 euros per year per square meter in the capital, and 43.11 euros in small crown, against 32.39 euros in Rhone-Alpes.

According to the barometer, the positions that have increased the most are the fees for the payment of guardians (+6%), the amount of insurance of common areas (5.6), the water tariffs Hot in buildings where it is collective (+4.5%). Heating in turn accounts for a quarter of condo fees for buildings with community heating. The trustees' fees have also taken 4% between 2008 and 2009.

U.S. stock markets end the week without direction. The Dow Jones lost 0.29% to 11,063 points at the close on Friday, the Standard & Poor's, meanwhile, gained 0.20% to 1176 points while the Nasdaq 100 jumped 1.37% to 2469 points.

For the week, the Dow Jones takes only 0.51% after this weekend hesitant. The S & P is 0.95%. The Nasdaq, however, managed to gain 2.78% over the last five days.

This Friday, investors were initially reassured by the president's speech to the U.S. Federal Reserve, Ben Bernanke. According to the latter, high unemployment and low inflation are calling for further easing of monetary policy in the United States."There should be, all things being equal, reasons to act again," he said in a speech prepared for a conference organized by the Federal Reserve Bank of Boston.

Consumer confidence at lowest since July

But current macroeconomic particularly busy day, disrupted markets. The indicators are in fact highly anticipated mixed:

– Retail sales in the U.S. rose for the third consecutive month and more than expected, 0.6% from August, according to official figures released in Washington.

– The increase in new orders and deliveries resulted in a much stronger growth than expected manufacturing index from the Federal Reserve Bank of New York in October. The index of activity called "Empire State" appears to 15.73 in September against 4.14 and 6.50 expected by economists polled by Reuters.

– Consumer prices rose 0.1% in September, less than expected. Inflation appears unchanged from August, while economists expected a rise of 0.1% for the Core and 0.2% for the core index.

– U.S. consumer sentiment has deteriorated further in October, against all expectations, falling to its lowest level since July. The index of consumer sentiment stood at 67.9, against 69 expected by economists polled by Reuters. It was at 68.2 last month.

– U.S. business inventories rose 0.6% while economists polled by Reuters had forecast a slightly lower increase of 0.5%.

– The budget deficit of the United States has declined over the whole of fiscal 2010 ending late September to about $ 1.294 trillion dollars, or 8.9% of GDP, according to official figures released Friday

On the foreign exchange market, the dollar rebounded against the euro guaranteed cash advance. The single European currency traded 1.3975 (-0.34%) at the time of closing.

Google exceeds $ 600 per share

The side of values, the internet group Google has done a good meeting. Titles finish the day on a leap of 11.19% which leads the stock above the $ 600 per share to 601.45 dollars. A first. Investors are reassured by the results released Thursday evening. The group reported a net profit increase of over 32% for the third quarter, well above expectations at 2.167 billion dollars.

In contrast, Google has again refused to advance profitability figures from YouTube, merely greeting a 50% increase over one year the number of viewings of "videos monetized," that is to say paid through advertising, to 2.5 billion per week.

Always on the side of values, the microprocessor manufacturer AMD (-0.27% to 7.12 dollars) on Thursday posted a net loss of $ 118 million in the third quarter decreased compared to that of 128 million a year earlier, exceeding analyst expectations, thanks to good margins.The group's turnover stood at 1.618 billion, up 16% over a year and slightly above Wall Street expectations.

The U.S. conglomerate General Electric (-5.01% to 16.30 dollars) net profit down 18% to $ 1.98 billion in the third quarter, but excluding the results of ongoing activities assignment, the group is parvenur to earnings per share above market expectations. In contrast, its revenue disappoints.

In addition, U.S. bank stocks still suffering the possible impact on the results of an extensive survey on foreclosures. At the close, the index of bank stocks U.S. KBW c-2.37%, driven lower by Bank of America (-4.92% to 11.98 dollars), Wells Fargo & Co (-4.61 % to 23.58 dollars) and JPMorgan (-4.05% to 37.15 dollars).

The 50 states have opened on Wednesday a joint investigation into the practices of the mortgage industry, an initiative that could, according to some experts, threaten the recovery in home sales.

"There will be no shortage of gasoline at the pump." Dominique Bussereau, the Secretary of State for Transport, responded strongly this Thursday morning on LCI this question nagging that public opinion in recent days. Yesterday, the watchword union in the oil sector was rather alarming: "We are moving towards a hardening of the movement", explained an official CGT, while ten of the twelve mainland refineries affected by the social movement against the Pension reform or strike oil terminals in Marseille, which deprives them of crude oil processed. Eight of them are stopped or stopping.

Employees of the Total refinery Feyzin, near Lyon, decided Wednesday to renew their protest, and the shutdown of production has been initiated by management due to staff shortages. On the site of Donges, the strike is extended until next Monday.In addition Feyzin and Donges Total all other sites, namely Gonfreville L'Orcher La Mede, Grandpuits and Flanders, are stopped business cards. For the last refinery, where production is stopped since September 2009, are the shipments of finished goods stored on site that are disturbed by the strike.

The strike at the port of Le Havre could nail aircraft ground

"With the refinery can be blocked in two days supply of fuel from France, told Reuters Scornet Yvon, head CGT Petit Couronne (Seine-Maritime).

While in most refineries are the strikes of employees that resulted in the shutdown process of production units, however, the Mede, near Marseille, the units went on strike on Sunday, "for lack of crude supply "oil terminals at Fos-Lavera is blocked by dockworkers strike.Mehdi Rachid, elected to the CGT Total refinery at La Mede described the situation: