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New Aid to Greece: Berlin stands up to the ECB

Saturday, June 11th, 2011

Angela Merkel and her finance minister, Wolfgang Schäuble, returned armed with a new determination of their stay in Washington this week. The Administration of Barack Obama wants to see Germany play its leadership role in the crisis of European debt. The Chancellor and his lieutenant have closed ranks of their majority, to vote in the Bundestag the principle of a new aid to Greece. But Berlin has gone on the offensive against the European Central Bank (ECB) to try to impose a debt restructuring Greek.

Convinced Europhile, Schäuble got this Friday, the members support in principle for a new aid to Athens, after a fervent plea for the "German responsibility toward Europe.""It is we who have benefited most from the euro," insisted the minister, "and as such we have a responsibility towards Europe," and even "a responsibility to the world." After stirred a debate, members of the majority adopted a resolution supporting the principle of a new aid in Athens, under certain conditions. The text has a limited legal value, but for the government, its adoption has strong symbolic significance.

In his speech to the Bundestag, Schäuble indicated his willingness to agree with the ECB on modalities. Powered by government sources in Berlin, the German media are lashing on the ECB.

Accused of "Badbank"

Supposed to protect the euro by a foolproof financial orthodoxy in the German spirit, it has always been suspected by Berlin to maintain a "stability culture" doubtful.Here it is accused of playing the role of "badbank" because it takes as collateral assets degraded and Greek bonds bought on the market by threatening bankruptcy.

The debt restructuring Greek, considered indispensable by Schäuble, it would pose significant risk. Therefore she would have objected. The chief economist of the ECB, Germany's Juergen Stark, has protested against these accusations, this Friday, and defended the reputation of the monetary institution. "It is clear that the ECB and the Eurosystem took additional risks on their balance sheets," he conceded. He added: "It is misleading the public that the only point of balance sheet of the ECB, because monetary policy is conducted with the national central banks. We have monitoring bodies, we tightened our requirements for collateral accepted.We are neither naive nor ignorant of the risks. "Pushed by deputies and a disgruntled public, Schäuble is not ready to drop his arm wrestling.

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60 billion new aid for Greece

Saturday, June 4th, 2011

Horizon Financial Greece cleared with the finalization of a new rescue plan, estimated at between 60 and 65 billion euros by 2014, involving the eurozone, the IMF, Greece and banks. Following a meeting with Greek Prime Minister, Luxembourg, the head of the Eurogroup Jean-Claude Juncker, announced Friday, "an additional funding of Greece, in exchange for strict conditions."

For their part, the emissaries of the "troika" (EU, IMF and ECB) gave the green light Friday to pay "probably early July," the fifth installment of the loan of 110 billion made last year or 12 billion euros. Troika calls in return an "acceleration of structural reforms and budget."

Details of the new support plan for Greece were not disclosed, but the broad outlines are known.Half of the envelope will come from new loans in the euro area (20 billion) and IMF (10 billion). A quarter of the effort will fall to Greece. The rest will be borne by the private sector "on a voluntary basis," said Jean-Claude Juncker Friday.

Clearly, banks will, as requested by Germany, commit to maintain their exposure to the country's debt, probably by buying securities with the maturity of their loans. The financial effort required for the private sector will not be minor. It should be about 15 to 20 billion euros, according to European sources.

Expected new sacrifices in Greece

"On this basis, it is clear that there will be no exit from Greece to the euro area, there will be no default," assured the head of the Eurogroup.On Friday, the markets welcomed the news: Greek bond yields were down sharply, the Athens Stock Exchange hit a record high at over 4.42% in the afternoon, while the euro climbed to $ 1.46, the highest since the beginning of the year.

Financiers, however, remain cautious, particularly about the involvement of banks forced march. "It is unclear what kind of incentives will persuade investors to buy debt Greek long-term interest rate close to that of Greece itself does not," note analysts at Capital Economics . Friday, Jean-Claude Juncker has ensured that Greece was ready to create a privatization fund, which should give lenders insurance on collateral.

Greek side, the counterparty to the new rescue plan is far from painless. The state has undertaken to save 6.4 billion euros more by the end of 2011.These include new sacrifices, among others, greater downsizing in the public service cuts on wages, hardening the fight against tax evasion, the VAT increase from 13 to 23%.

If the government breathing, public opinion, she continues to cry out his despair. "New loan means more rigor" resumed Yannis Panagopoulos, the union president of the private (GSEE). "We sell the country's heritage and we bled the people is a crime. And this is only the beginning. The consequences will be terrible "carried away there. Several thousand people are expected in the streets of Athens on Saturday.

Bertrand Puech: "We are subject to constant attacks"

Monday, May 30th, 2011

Hermes is Monday night in Paris the first general meeting of shareholders since its entry in October 2010, the capital of LVMH (with 20% today). The heirs, who hold 72% stake, hoping to get the green light in September the Court of Appeal of Paris to their proposed freezing holding a majority of shares, to defend against a raid by Bernard Arnault. Bertrand Puech, president of Émile Hermès family (sole general partner of the listed company Hermes International), a member of the fifth generation of heirs, is against the proliferation of litigation against the project, including those of the Association for the Defence of Minority Shareholders chaired by Colette Neuville.

LE FIGARO. – What will you announce to the general meeting of Hermes on Monday night?

Bertrand Puech.- We will announce, as we know already that 2010 was one of the finest, if not the best year, Hermes has lived for 174 years. The results were extraordinary in an economic context that was not favorable. This allows us to pay a dividend of 1.50 euro increased significantly compared to normal.

LVMH will he represented and he can enjoy his voting rights? Are you afraid of possible obstructions of the meeting?

The shareholders are all invited no teletrek payday advance. LVMH said it would. He always said, if his friendship, in any case his pacifism. I am not chairman of the meeting but things should happen normally, as usual.

What do you think of recent legal actions taken by minority shareholders against the proposed family holding Hermes?

I do not understand.It's very sad and painful for members of a family committed to an ethic of openness and honesty for generations to be scratched before the courts, then we're just defending the values of quality. You should know that Ms. Neuville is a minority shareholder, who owns a single share, which represents only herself. She can not speak for the association which is not approved by the AMF. And it is wrong to fight. If she wanted to play a role in defense of minority, why does she not be interested in the fact that one shareholder said suddenly have 17% of our capital, purchased since 2008 without making it to the markets? I think she has given way to a big bad wolf.

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The Paris Bourse falls below the 3900 points

Wednesday, May 25th, 2011

On Wednesday morning, the CAC 40 dropped: index assigns points to 0.73% and falls below the 3900 points to 3888.12 points exactly, having managed to scrounge a few points yesterday. Concerns over debt crisis persists European: German morale, according to Gfk survey, should continue its degradation in June for the third straight month due to the debt crisis in the euro zone and the outbreak oil. The index shows a decrease to 5.5 against 5.7 in May In addition, the Netherlands and Germany are threatening to commit the privatization of the Greek economy to foreign experts, reveals leFinancial Times.A new threat which seeks to lobby the Greek government to take drastic cost-saving measures.

All eyes are turning to the Minister of Economy Christine Lagarde, the favorite to succeed DSK to head the International Monetary Fund, which should give a press conference "important" to the Department late Wednesday morning. Moreover, in France, we look particularly figures on registered job seekers and job advertisements collected by Pole in April. Baroin, Minister of Labour, has already warned that the unemployment rate would decline again in April for the fourth consecutive month.United States, is expected at 14:30 durable goods orders in April, at 16.30, the weekly inventory of crude oil.

With regard to the Icelandic volcano, France should be minimally affected, which should reassure the airline industry.

The euro, he, relapse as well as the European crisis inqiuiète. The euro lost 0.49% against the dollar at 1.4034 dollar this morning at 9 o'clock.

Airbus confident for Le Bourget

Side companies, Cac auncune value is in the green. Among the largest declines, we find Vallourec (-2.06%) Alcatel-Lucent (-1.70%) and STMicroelectronics (-1.49%).

Consumer complaints of gas and electricity rose 25% in 2010, about problems with their energy supplier.The mediator of Energy notes that complaints from customers at 43% of GDF Suez (-0.45% to 25.56 euros), 38% of those of EDF (-0.42% to 28.14 euros), 12% of Direct Energy and 4% of customers Poweo (balance to 3.91 euros).

Airbus and its parent EADS (-1.09% to 22.32 euros) were optimistic Tuesday on future orders at the Paris Air Show in June in a market "active."

Carrefour (-0.45% to 30.15 euros) announced Wednesday the appointment of Mathilde Lemoine to the position of independent director of the group, replacing Jean-Martin Folz, who left the board for divergence of views on strategy.

The French group Alstom and its Chinese joint venture Casco signed two contracts worth a total of 85 million euros for the supply of signaling systems in metros of Shanghai (east) and Kunming (south).

The partner of minority shareholders (Adam) who assigned Tuesday referred the saddle Hermes (-0.88% to 174.30 euros) for "depriving" the essential rights to vote at the next family meeting, has been confronted with an invalid procedure and the case was adjourned to July 12. Or after the meeting to be held June 30

Casino (-0.46% to 72.96 euros) denied on Tuesday it had agreed to the opening of the opening of negotiations between the Brazilian distributor GPA, which holds 35%, and Carrefour Brazil.

PPR (-0.81% to 116.75 euros) and Volcom announced Tuesday it had received notification of the end of the statutory review period on the bid of French on the American brand.

Rexel (-0.73% to 17.60 euros) announced Tuesday it had won its bond issue of 500 million euros, whose order book has surpassed 1.8 billion euros.

Eurazeo (+0.02% to 56.25 euros) on Tuesday announced a capital increase, offering its shareholders one new share for 20 old shares held as of May 25, 2011.

The land Gecina (+0.02% at 98.52 euros), in 2nd place behind France in Unibail-Rodamco will continue to sell its assets in Spain and in the logistics industry, said Tuesday its chief executive Christophe Clamageran .

BioMerieux (-0.05% to 78 euros) announced Tuesday that the Health Authority (FDA) had recorded rapid testing and automated molecular diagnostic NucliSENS EasyQ MRSA screening for patients infected with Staphylococcus aureus resistant methicillin.

Europacorp (+0.24% to 4.22 euros) will publish its annual turnover, while LCD (poultry) will announce its annual results after-hours trading.

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Greece Tripping the CAC 40

Monday, May 9th, 2011

The sessions will follow, but does not resemble the Paris Bourse. The CAC 40 is up in the red on Monday, after climbing from 1.33% Monday, following good U.S. job figures released Friday. The index in Paris dropped by 1.25% to end 4007.26 points at closing and narrowly saves the threshold of 4000 points which had been lost during the day.

The other European financial centers retreating in unison. The Dax in Frankfurt Stock Exchange lost 1.09% to 7410.52 points and the London FTSE loose 0.57% to 5942.69 points.

S & P demoralizes markets

Poor market sentiment was caused by the decision of the rating agency Standard & Poor's on Monday lowered by two notches the rating of Greece, due to the increased likelihood of debt restructuring .It also warned it could further lower.

The rating of the country's long term debt is reduced to "B" cons "BB-", which meant that Greece became deeply into the category of unreliable borrowers. His short-term debt is rated for its part "C" cons "B" before, according to a news agency. These ratings remain on negative watch, meaning that the agency could decide quickly lower them again. S & P said its decision on the fact that governments in the euro area, which have agreed to postpone the due date for repayment of their loans to Greece, could be tempted to demand a similar effort on the part of private creditors the country.

After this announcement, the euro goes off in decline against the dollar, trading at 1.4287 dollars at the close of European markets.

Investor sentiment decline

On the macroeconomic front, Bank of France (BoF) provides a first estimate of growth of 0.5% in the second quarter of this year. BdF anticipates a 0.7% gross domestic product for the first quarter.

The business survey from the Bank of France reported a moderate increase in activity in industry in April.The business climate indicator in industry decreased by three points to 107 while in services it has dropped one point to 102.

Investor sentiment in the euro zone fell again in May, with an index standing at 10.9 after 14.2 in April and 17.1 in March, the monthly survey showed Monday from research firm Sentix .

Financial stocks unscrew

Financial stocks post steepest declines in the CAC 40, while the financial situation of Greece worried, so much so that a new EU aid is getting ready by 2012. AXA (-3.52% to 14.65 euros) is an outlier of the index. It is followed by BNP Paribas (-2.74% to 52.94 euros), Societe Generale (-2.62% to 42.18 euros), Credit Agricole (-2.58% to 10.75 euros) and Natixis (-2.30% to 3.81 euros).

Rumors of transfer and acquisition for Lafarge at GDF Suez

CNP Assurances: -3.60% to 14.73 euros

CNP Assurances reported Monday a net profit in the first quarter down 3.6% to 270 million euros, affected by a strong contraction in sales (-14.1%).

Lafarge: -1.31% to 45.07 euros

Lafarge and Anglo American want to sell 600 million pounds (680 million euros) in assets to their new joint British company, whose creation was announced last February, the Financial Times.

GDF Suez: -2.32% to 26.09 euros

GDF Suez wants to establish a renewable energy division and will consolidate its ten subsidiaries producing green energy in France, according to Les Echos.Also according to the economic daily, the group would be interested in the Italian Sorgenia, 52% owned by the holding of the CIR De Benedetti family and 45% by the Austrian Verbund.

Euler Hermes: -7.67% to 66.13 euros

The credit insurance group Euler Hermes has done in the first quarter 2011 net income rose 58.2% to 75.3 million euros thanks to the continued recovery of the global economy observed in 2010. Turnover increased 7.6% to 544.1 million euros.

Iliad (Free): -0.31% to 87.55 euros

Numericable could announce the launch of a mobile telephone within 40 euro on Wednesday as well and hunt on the land of the Free (Iliad). The mobile virtual network operator (MVNO) that rents the network Bouygues Telecom is the origin of the site larevolutiondumobile.com.The group has denied wanting to launch an unlimited mobile plan.

On the podium of the largest increases Cac 40 include Alcatel Lucent (3.80% to 4.36 euros), STMicroelectronics (1.31% to 8.12 euros) and Accor (0.90 to 29% , 12 euros).

Vilmorin: + 1.40% to 86.95 euros

Vilmorin is up over 8% of its consolidated revenues for the year which ends in late June, when he was counting on this to 7%. The group also announced an operating margin target of 13% throughout the year, against 10.3% in 2009-2010.

Technip: 1.26% to 71.79 euros

Technip won a contract worth approximately EUR 55 million from Statoil for the development of the Vigdis field NE, located in the Norwegian Sea.The contract includes the supply of pipes to be installed by mid-2012 in water depths of 220 to 310 meters.

Air France-KLM: -1.91% to 12.04 euros

The passenger traffic of Air France-KLM jumped 23.1% in April, an increase that is "not significant" compared to April 2010 during which the European sky was blocked by the eruption of an Icelandic volcano, said Monday the airline group. In the past month, Air France-KLM carried 6.36 million passengers (+28%).

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Shareholders shouted their anger at bosses of BP

Friday, April 15th, 2011

Bob Dudley the CEO, and Carl-Henrik Svanberg, Chairman of the Board of BP has suffered for more than three hours Thursday afternoon in London, a barrage of questions from disgruntled shareholders in general meeting (AG). The year 2010 was marked by the deadly explosion of the Deepwater Horizon platform followed by an oil spill is unprecedented in the Gulf of Mexico had nothing to be worried and angry small shareholders. "I lost a lot of my savings," and has complained about Martin, "shareholder since 1954. Like him, thousands of British pensioners have seen their incomes while the action BP has lost 30% in one year, to a low of more than 50% loss in late June. The restoration of a dividend after a suspension for the last three semesters was a small consolation.BP, which had $ 41 billion set aside provisions for dealing with the costs of the disaster last year posted its first loss since 1992.

Outside, a small delegation of fishermen from Louisiana victims of the spill, unable to attend the AGM held in London's Docklands, protesting payday loan online. A Texan was even arrested by British police.

Traumatized by the oil spill, the shareholders, including the Indians of Canada, denounced the exploitation of oil fields by BP oil sands in Alberta and considered highly polluting. Bob Dudley noted that the basement contains the second Canadian crude reserves after Saudi Arabia.

Strategically, small shareholders have also expressed concern about the stalemate of the ambitious project of BP to exploit vast deposits of the Russian Arctic with the public company Rosneft.The alliance announced in January accompanied by an exchange of shareholdings of 16 billion is blocked by the shareholders of BP's Russian joint venture TNK-BP. While the new deal should be completed this April 14, Rosneft and BP have agreed to postpone by one month maturity.

The Paris Bourse digested another round results

Thursday, February 17th, 2011

Hesitation waltz at the Paris Bourse. After opening slightly higher, the CAC 40 was down 0.02% to 4150.44 points at the halfway point. Investors try to digest a new wave of publications of results of companies.

Lack of conviction also on other major European markets. At the London Stock Exchange, the FTSE-100 slips 0.01% at 6085.10 points and the Stock Exchange Frankfurt, the Dax rose 0.5% to symbolically 7418.05 points.

Since Thursday, the U.S. macroeconomic news will be especially with the United States: Inflation in January (1430), the weekly claims for unemployment benefits (1430) and the composite indicator of economic activity in January (16 hours).

In France, the number of start-ups fell by 10.2% in January compared to December, with a marked decline in self-creations outside contractors, INSEE said Thursday.Investors will also monitor in the afternoon the balance of payments in the eurozone.

On the foreign exchange market, the euro was stable against the dollar on Thursday. Around 11:30 in Paris, the euro bought 1.3575 dollars against 1.3570 dollars late Wednesday.

On the corporate side, nine companies published on Thursday morning.Reactions to the Paris Bourse are rather positive: six progressed (Capgemini, PPR, TF1, Schneider, BNP Paribas and Eramet) and three decreased (Technip, Axa, Pernod Ricard).

TF1 takes advantage of the recovery in advertising market

Capgemini: + 5.71% to 42.13 euros – the largest increase CAC 40

The consulting group Capgemini and Computer Services posted Thursday a net profit in 2010 increased 57% to 280 million euros forecast for 2011 indicating a growth in turnover of between 9 and 10%.

Alcatel-Lucent: + 1.08% to 3.57 euros

Alcatel-Lucent is confident about its prospects in the U.S. this year, based on significant contracts with major operators in the country, Verizon and Sprint Nextel, told Reuters his director of the Americas.

PPR: + 1.90% to 115.35 euros

PPR has reported an annual net profit up 1.4% to 965 million euros, while its turnover in 2010 rose 7.5% to 14.6 billion euros. The distribution group and luxury is confident to achieve this year's financial performance than those of 2010.

TF1: + 2.95% to 14.81 euros

TF1 double its annual net profit to 229 million euros thanks to the upturn in the advertising market. The group chaired by Nonce Paolini expects a stagnation in sales 2011, after it rose 11% in 2010.

Schneider: + 2.56% to 118 euros

Schneider Electric has published on Thursday a net profit doubled in 2010 to 1.7 billion euros.The group targets a growth of 6 to 9% this year, a margin which improved to reach 15 to 15 No teletrack payday loans.5% in 2011.

Lagardère: + 0.98% to 33.40 euros

Canal + France said it had registered Wednesday its core document with the AMF, to an IPO in Paris on 20% of its capital owned by the Lagardere group.

Eramet: -3% to 268.35 euros

The mining group has annual net profit of 328 million euros against a loss of 265 million in 2009 thanks to growth in emerging markets and strong sales growth in the fourth quarter, "he said Thursday.

BNP Paribas missed market expectations in the fourth quarter

Pernod Ricard: -3.78% to 67.96 euros – the largest drop CAC 40

The wine and spirits group Pernod Ricard said Thursday net results in increase in the first half of its fiscal year offset.

Axa: -2.01% to 15.66 euros

The insurer Axa in 2010 recorded a net profit of 2.749 billion euros, down 24%, affected by special items related to divestitures in the United Kingdom, according to a statement released Thursday.

Technip: + 2.11% to 74.44 euros

Technip table for this year on a turnover of about 6.5 to 6.7 billion euros and an operating margin Subsea (subsea infrastructure) above 15%.

BNP Paribas: -0.61% to 58.614 euros

2010 net earnings of the banking group was up by 34% to 7.8 billion euros.However, BNP Paribas has missed market expectations in the fourth quarter, after a depreciation in its accounts unexpectedly on its stake in Axa.The number one European bank in its wake other banks: Credit Agricole, which publishes Thursday – yields 0.98% to 12.09 euros and Natixis – which reports Friday, February 25 – was down 0.50% to 4 , 14 euros.

Societe Generale said Wednesday that profit climbed above expectations of 0.23% to 51.236 euros

Alstom: -0.29% to 42.88 euros

The European Railway Agency in March will make its technical opinion on the circulation of new types of trains through the Channel Tunnel, which will build review the Franco-britaninque responsible for settling the case, said Wednesday Thierry Mariani.

Scor: + 0.19% to 20.94 euros

Scor announced Wednesday the sale of its fixed annuity in the United States to Athene Holding for 55 million dollars (40 million).

Saft: -0.62% to 27.84 euros

Saft has announced an acceleration of its business in 2011 but a slight margin decline due to one of its plant projects in the United States.

Icade: -1.35% to 80.95 euros

Icade intends to continue the service sector of its activities with delivery over the next several years of its pipeline projects valued at 900 million euros.

After market, Eutelsat will publish its first half results.

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Faurecia advantage of the recovery of the automotive sector

Tuesday, February 8th, 2011

Supported by the scrapping and recovery measures, the automotive sector rebounded in 2010. The French automotive supplier Faurecia has benefited from the market recovery in 2010 and ended in the green: the net profit amounted to 202 million euros against a loss in 2009 and for the fifth consecutive year of 434 million.

Faurecia and exceeded all its goals with an operating profit of 456 million euros last year, representing a margin of 3.3% of sales, a figure higher than the target set by the OEM (over 400 million euros).

The group also exceeded its goal of net cash flow (net cash flow) of 100 million euros for 2010, reaching 222 million.

Turnover has also risen sharply, from 48% to 13.79 billion euros.Group sales 57.4% owned by the manufacturer PSA were fired by several areas: parts and components manufacturers, the monoliths, tooling and prototypes. In all geographical areas where the group is present, sales are also well made, with a leap of particular products in North America and Asia. Faurecia strengthened its activities with the acquisition of American Emcon Technologies, specializing in technologies to control exhaust emissions, and that of Plastal Germany, specializing in automotive exterior parts online payday loan lenders.

Faurecia could "seize opportunities for consolidation"

In terms of outlook, the supplier is confident for 2011, especially since it garnered last year a record number of contracts (13.1 billion euros) to "ensure the group's growth."Therefore, it is a turnover of between 14.8 and 15.3 billion euros this year, an operating margin of between 580 and 640 million and net cash flows in excess of 200 million.

Faurecia will also continue its expansion in Asia, especially China with the construction of seven new plants and intends "to exploit future opportunities for consolidation."

With this publication, the group will propose a dividend of 0.25 euro per share at the next general meeting.

The Dow Jones at its highest since June 2008

Wednesday, February 2nd, 2011

After the CAC 40, few hours ago, the Dow Jones returned to its 2008 levels. But before the crisis of Lehman Brothers, unlike the Paris index. The Dow Jones climbed 1.25% to 12,040.20 points, the S & P 500 ahead 1.66% to 1307.51 points and the Nasdaq rose 1.89% to 2751.19 points. Monday, despite continued unrest in Egypt, the NYSE has closed in the green, encouraged by a handful of positive indicators including the rise in U.S. household consumption, last December.

The NYSE also benefits from a wave of corporate earnings above expectations. Indeed, among the S & P 500 having already published their results, 74% have announced profits above expectations and 80% increases in their turnover in one year.Finally, the values of oil and oil services benefit from soaring crude oil prices, which exceeded the threshold of 100 dollars in London on Monday, a course that had been passed over for more than two years.

Good macroeconomic news

Because of the crisis in Egypt, traders fear disruptions in the flow of oil via the Suez Canal. However, according to the Wall Street Journal, the U.S. economy is able to absorb higher oil prices triggered this week by the unrest in Egypt. But the economic recovery could weaken if the political crisis drags on, the paper predicts.

On the foreign exchange market, the euro continued to rise, breaking the 1.38 mark, to $ 1.3834 dollars exactly (1.04%).An increase driven by renewed optimism about economic recovery in the eurozone and speculation about the expected recovery rate of the European Central Bank (ECB).

On the macroeconomic front, the U.S., construction spending fell 10.3% last year, after losing 15% in 2009. On December alone, sales fell 2.5%, while analysts had forecast a decline of 0.4%.

The manufacturing activity hit its 18th month of growth in January across the Atlantic, and reached its highest level since May 2004. The ISM manufacturing index rose to 60.8 in January against 58.5 in December and 58 expected by analysts.Increased even more unexpected that the manufacturing PMI index in China has slowed down again in January to 52.9 against 53.9 in December 2010 and 55.2 in November.

Sanofi is a step closer to Genzyme

The side of values, investors learned today, the annual results of UPS and Pfizer.

UPS: 4.15% to 74.59 dollars

The U.S. group United Parcel Service (UPS) issued on Tuesday a 2010 net profit up 62.1% to 3.49 billion dollars, and ended a quarter slightly above expectations at 1.81 billion dollars (1.26 billion against the previous year to the same period) cash advance america.The group also announced a record profit this year.

Pfizer: 5.49% to 19.22 dollars

For its part, the world's number one pharmacy, Pfizer, reported Tuesday in an annual profit down 4% to $ 8.3 billion, although it quadrupled its profit in the fourth quarter to 2 , 9 billion. The group lowered its forecast sales for 2012.In addition, Pfizer will buy five billion dollars of its own shares in 2011.

Electronic Arts: +0.19% to 15.62 dollars, Ford: -0.38% to 15.89 dollars

The U.S. automaker Ford announced Tuesday it recorded a 21.6% jump in sales year on year in January in the United States, to 121,511 vehicles.

After market, Electronic Arts has reported a fall in its net loss of 749 to 397,000,000 dollars in 2010, despite a quadrupling of losses incurred on the fourth quarter alone, better than expected anyway. In electronic trading after-hours trading, the title jumped nearly 9%.

BP: 1.07% to 47.98 dollars

Also note that the BP group, listed on Wall Street, said he suffered last year adjusted net loss of $ 4.9 billion, its first annual loss since 1992 due to expenses related to oil spill Gulf of Mexico.

General Motors: -0.11% to 36.45 dollars

General Motors plans to install new plants in China in 2011 and subsequent years to meet the sustained demand from the world's biggest car market, said Tuesday the vice president of group operations in China. The automaker has 17 hours to publish its sales for the month of January.

Eastman Chemical: -1.50% to 91.47 dollars

Eastman Chemical posted a profit after the market of 19 million dollars. Turnover increased 23% to $ 1.5 billion due to higher selling prices. Demand remains strong in adhesives (+31%) and plastics (26%).Demand is also strong in the transport and packaging.

Genzyme: +0.31% to 73.58 dollars

For its part, the French group Sanofi Aventis and its target, the American Genzyme reached an agreement in principle on the structure of a rapprochement. Moreover, U.S. authorities have opened preliminary investigations on the potential risks of drugs produced by Sanofi-Aventis and other laboratories, said Monday the Food and Drug Administration (FDA).

Boeing: 1.17% to 70.29 dollars

Christine Lagarde has called on the United States to "reconsider" their aid to Boeing in the wake of a new WTO report which considers "illegal" government subsidies enjoyed by U.S. aircraft manufacturer. Last year, the WTO had pinned state aid received by Airbus.

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Unscrews the Exchange in Egypt

Thursday, January 27th, 2011

Panic seized the Egyptian stock market. On Thursday, the exchanges were temporarily suspended in mid-morning while the EGX 30, the benchmark index of the Cairo Stock Exchange, dropping 6.2% after only 15 minutes of trade. The recovery occurred about 10:30 before the break but was not enough to calm the spirits. About 11 hours, the EGX 30 tumbled 9.93% to 5728.49 points. Its lowest level since October 2008.

All values are in the red, including two rated heavyweights, Orascom Construction, which Lafarge owns 100% of the branch Orascom and Telecom Egypt, a public company. The first company dropped 8.14% while the latter lost 7.55%. The telecommunications sector as a whole is heavily contested, as evidenced by the fall of Egyptian Company for Mobile Services (-9.84%) and Orsacom Telecom (-6.67%).The banks, led by Commercial International Bank (-4.68%), are not spared.

No appeasement

This downward movement in a context of popular protest. On Thursday, the police were massively present in the center of Cairo to face a third day of demonstrations which called the "Movement of April 6, a youth organization for democracy, the origin of these rallies, inspired by Tunisian revolt ousted President Zine El Abidine Ben Ali no fax payday loans. These protests have already been six deaths.

Yesterday, the trading day ended with a 6% drop in the index EGX, operators are concerned about the events that followed. In a failed attempt to calm, head of the Egyptian Stock Exchange has called on investors to remain calm.There, he said, no reason to suspend trade in a sustainable manner, as is the case for Tunis Stock Exchange. "Nobody comes to buy, everything is at its lowest," says Omar Darwish, however, an analyst at CIBC.

The authorities prefer to take their time before deciding on a possible closure of the markets. The message sent by a sustained suspension of trading of the Cairo Stock Exchange is indeed fraught with political meaning. The Egyptian Stock Exchange with Morocco is one of the most important financial centers in the Maghreb with $ 79 billion capitalization.

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