Posts Tagged ‘financial’

Pussyfooting on Wall Street

Wednesday, July 28th, 2010

The U.S. stock market started in the red on Wednesday, in an atmosphere remained febrile for several major events at the macroeconomic level. But shortly after, the indexes are spent in the light green: the Dow Jones gleaning 0.05% to 10,543 points, the S & P's advance of 0.17% to 1115 points and the Nasdaq is up 0.14% to 2292 points.

New orders for durable goods in the U.S. declined for the second consecutive month in June, official statistics show released Wednesday, confirming a slowdown in growth in the second quarter. The Commerce Department reported a decline of 1% of these orders, the highest since August 2009, after a decline of 0.8% (revised) in May Analysts on average had forecast an increase of 1% in June

On Tuesday, the NYSE has closed in a fragmented, divided between publications very positive company like DuPont chemist, and the downturn in consumer confidence in July.

On the foreign exchange market, the euro remains at its highest levels for two months around $ 1.30.

At the macroeconomic level, the U.S. central bank must now publish its Beige Book on economic conditions. It will be very guarded while the president of the institution, Bernanke said there is just one week before the Congress, the slow recovery, with no announcement of new funding in the economy.But it was the day Friday with the first estimate of gross domestic product (GDP) that will attract the attention of investors instant payday loan no TeleCheck.

Cephalon shunned after his semi

On the side of values, the telecom equipment maker Broadcom (+0.08% to 37.56 U.S. dollars) yesterday announced the closure of Wall Street quarterly profit of $ 278 million, against $ 13.4 million the year last.Turnover was up 54% (+10% sequentially) to $ 1.6 billion.

Note also the biotechnology group Cephalon (-3.23% to 60.87 dollars) has published a quarterly profit of $ 89.1 million, well above expectations.

Always on the side of values, the Wall Street Journal, the Google Internet Group (+0.03% to 492.75 dolars) is in talks with several publishers of video games in order to enlist their support for the implementation Length of service to rival social network Facebook.Some game publishers approached by Google Playdom be included, a publisher whose Disney announced the acquisition Tuesday, Playfish, bought last year by Electronic Arts, and Zynga, in which Google has already invested, it said.

For its part, the Microsoft IT group (-0.31% to 26.08 dollars) has criticized the partnership between Yahoo! Japan and Google, saying it would end the competition in the internet search in Japan and has questioned its "legality".

Also note, the oil group BP (-1.32% to 34.5 U.S. dollars) will have to "change the culture" after the oil spill in the Gulf of Mexico, said its new CEO, American Bob Dudley at of an interview on ABC.

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Beigbeder, hussar to conquer the Ukraine

Sunday, July 4th, 2010

With its false air of Largo Winch, Charles Beigbeder imagines is visiting his Ukrainian collective farms in a helicopter, from there a few minutes before leaving for a secret destination. Lost! By minibus he went with his team, the farm of 8,000 hectares of Glukhov, 350 km from Kiev, listening, questioning, taking the time to take photos of wheat fields with his laptop.

Yet as the heroes of comic books, Charles Beigbeder conducts its business in the charge, hussar to conquer Ukraine. "His outsider allows him to undertake the impossible in our eyes. He charges no ulterior motives. Grow 45,300 hectares in three years in Ukraine, with a small team, for us it was unbelievable, "explained his field man, Charles Vilgrain, young chief executive of AgroGénération who rents the land now six collective farms Ukraine.Charles Beigbeder is with his partner Alain Mallart, shareholder. They rely on the required increase of 70% of agricultural production provided by FAO, to feed the world population by 2050.

Nothing is too good to conquer the breadbasket of Europe, under-utilized in the courtyard of a huge kolkhoz Glukhov Case-IH Steiger articulated eight wheels, 535 horsepower, illustrates the enormity of the operation of 8000 hectares. With a tank of 1000 liters, it can run tirelessly in "three to eight" during the harvest. "The effect of size is a key to success, assures Joseph Alexander, CFO AgroGénération. The park is powered on average four times higher than in France, but the area 100 times greater. "

These farms were not chosen at random.The optimal humidity coincides with the very fertile black soil, the chernozem, the humus layer is so thick that it provides costly irrigation facilities. At Glukhov, no deep furrows of the earth scratch disks. This more gentle to the ecosystem is also good for the accounts: "The fuel savings and pesticides made possible an improvement in 30-50% of the margin," says Joseph Alexander. "The optimum is equivalent to 53 quintals per hectare wheat," says Charles Beigbeder. Today, farms are close to 43 quintals, or about the financial balance.

No taxes on corporate farming

Since the beginning of the adventure, all the activities required a total investment of 30 million euros (Shiloh, equipment …). Analysts expect a profit for the fourth year in 2011.For the current year the group should not be so far from equilibrium. Special zone: Ukraine no taxes on corporate farming, or VAT. To locate, AgroGénération relied on the experience of agri-industrial group Cereals French Champagne which it now sells its production of barley.

The risks are real: four guards protect equipment and crops. The GPS is used not only to optimize the use of fertilizers, but also to monitor the equipment to trace. To retain its 350 employees, AgroGénération offers the highest wages in the region (250-500 euros), while the average farm wage is 180 euros.

The company treats its relations with donors land farmed in 2800. Almost all are paid in kind with grain (750 kg) which will then feed the animals. But already Charles Beigbeder dream of other horizons."The presence in South America with the offset of the season will smooth the cash and share risks," says company founder, has set a goal: 100,000 hectares in 2012 in Ukraine.

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"Farmer, the new life of Charles Beigbeder

This increases from today

Thursday, July 1st, 2010

• Transport

– Station: Ticket prices for trains Coral, Intercity and TER (Regional Express Train) will increase an average of 2.5%. This will result in higher ticket from 10 cents to 2.30 euros depending on distance traveled during the trip.

As for the discount cards (cards 12-25, Senior, and Child Escapes +), their prices remain unchanged.

– RATP: The price of individual tickets will go from 1.60 euro to 1.70 euro.

Subscriptions Navigo will also increase, except for packages zone 1-5 and 1-6.The monthly Zones 1 and 2 (Paris and suburbs) rises from 56.60 to 60.40 euros (+6.7%), the zones 1-3 of 74.40 to 78.20 euros (+ 5.1%) and the zones 1 to 4 from 91.70 to 95.50 euros (+4.1%).

• Energy

– Gas: After an initial increase in April, prices will increase again by 2% to 4.7% (about 8 euros per year for those who use gas for hot water and cooking 45 per year for those who use it also for heating)

– Bulbs: As part of the scheduled end of incandescents in the EU to promote energy saving, incandescent lamps of 60 watts are removed from store shelves.Those whose power was 100 watts or more have disappeared from shelves in 2009.

• Bonus for scrap

The premium case is lowered to 500 euros instead of 700 for any car ordered until December 31.

• Stamps

The price of postage for mailings of letters under 20 grams, will increase by two cents from 56-58 cents, up 3.5% No faxing 1 hour payday loans.

• Retirement

The index points which is the basis for calculating salary in three public (state, territorial and hospital) must be revalued by 0.5%.

• Unemployment benefits

Allowances of approximately two million unemployed by unemployment insurance compensation will be revalued by 1.2%.

• Communication

– Hadopi: It is from this Thursday that the first warnings will be mailed to users in violation of the law on downloading.

– Phone: The price of calls made and received from another EU country (roaming within Europe) will be reduced to 39 cents per minute excluding VAT cons 43 cent today. Receiving a call will be charged € 0.15 per minute instead of EUR 0.19.The SMS tariff remains unchanged for its 11 cents per message.

• Business and Disability

Firms with more than 20 employees employ any disabled person and took no action to promote employment of disabled people will have their penalties tripled to about 13,000 euros per person missing.

• Livret A

Currently at its lowest level since its inception to 1.25% – Return of the booklet A should move to 1.50% or 1.75% from 1 August by Budget Minister Francois Baroin.

Separated hotels, Accor Services is renamed Edenred

Tuesday, June 8th, 2010

Paradise red … Accor Services changes name and becomes Edenred in 40 countries where it operates, through its Ticket Restaurant and food stamps for the basics. This new identity is part of the demerger of the group Accor, which will be halved on July 2 with a side hotels (Accor) and other services (the new Edenred).

Each of these activities will be listed separately on the stock market. "We wanted a positive name that embodies our values, easy to pronounce and that can be incorporated into many languages, says the Figaro Jacques Stern, head of the service arm of Accor and a future issue of Edenred. We have reviewed hundreds. It was unanimous executive committee. "The firm specializes in creating names Kaos Consulting with teams internally, is behind the new name.

Eden means paradise in eight languages."In 95% of countries where we operate, people understand its meaning without translation," says Jacques Stern. Eden, in Edenred is, above all, "social ties, generosity, sharing. It is also the name of the company's project ("Undertake a different picture"). And the red ("red")? It is a direct reference to the logo that appears on most tickets for the company, a red ball. "In addition, red means network in Spanish, said Jacques Stern. Now our business is a business network, connectivity between businesses, employees and governments. "To have her new name, Edenred had to buy some domain names.To start, the company has installed 40 red balls huge cloth 5 to 7 meters in diameter in symbolic places: the role of Defence in France, in the middle of the Danube in Hungary … Edenred not intended to replace brand names themselves, there will be no major advertising campaign for the general public. "This is a company name. It is primarily for our 490,000 corporate clients, said Jacques Stern. Its launch is very economical, between 1 and 2 million euros. "

Brazil, the largest market

Already a world leader, Edenred intends to use its new autonomy – without Accor – to accelerate its development. It expects an annual growth in issuance volume between 6 and 14% for future years. Jacques Stern seeks settlements in 6-8 new countries by 2016 and it promises to innovate.In Brazil, the largest market Edenred (France is number three, behind Italy), a ticket culture will be launched in September. Dematerialization is a priority. To date, 70% of the offer is sold in paper form, with significant differences from one country to another: 80% in Brazil, but 15% in France. In 2016, the goal is to be 50/50. "At first, this represents an investment, but dematerializing our products, we enrich them," explains Jacques Stern. In Italy we have just launched a prepaid card, which incorporates advances for expenses for employees in addition to the Ticket Restaurant. "

The May 1 marches less filled than last year

Saturday, May 1st, 2010

Mobilization "significant" according to unions, but still significantly lower than last year. Despite the thorny issue of pension reform, the traditional procession of May 1 did not fill, bringing some 350,000 people across France, according to the CGT, against 1.2 million people a year ago.

Trade unions, left parties and student organizations were called to take to the streets, in the words of Secretary General of the CGT, Bernard Thibault, "create a balance of power in discussion" with the government. The pension reform is expected before the end of the year and a new appointment office at the Elysee Palace will be held prior May 10

For its part, Workers Power had returned to tradition by going it alone.Its secretary general, Jean-Claude Mailly, said Saturday morning on Europe-1 radio that "the repeated demonstrations will not shake the government" on the proposed pension reform fast cash.

"Putting pressure on politicians'

In Paris, between 21,000 protesters and police said 45,000 people marched from one union between the Place de la R?publique and the Op?ra, against 160,000 in 2009 according to the CGT.In the march included union leaders sat Bernard Thibault (CGT), Fran?ois Ch?r?que (CFDT), Alain Olive (UNSA), Annick Coupe (Solidarity) and Bernadette Groison (FSU), as well as student union UNEF Jean-Baptiste UNL schoolboy Antoine Prevost Evennou.

In Toulouse, between 5,000 people, police and organizers said 6,000 marched in the rain Saturday morning, behind a banner of the Inter-CGT, CFDT, FSU, UNSA and Solidarity proclaiming: "All public-private jobs, wages, pensions and retirement. A procession much shorter than last year, when there were between 15,000 and 30,000 participants according to sources.

Parade and sparse rainfall in Lyon.

BHP agrees on a price with steelmakers

Monday, March 8th, 2010

Mining giant BHP Billiton ADR agreed with its main customers in Europe, China, India and Japan on short-term sales of coking coal. This agreement puts an end to traditional trading system prices this year among major mining companies and steelmakers.

BHP proposes three options to its customers for contracts on coking coal: an annual listing and every two months for half of the offers, the possibility of reducing tender contracts between quarterly and half, and finally, publication of prices every three months.

According to Macquarie Group, is the first time an agreement on a three-month contract is signed in the steel sector.

Without any contact number, the group said it sold a "significant portion of its volume of coking coal for 2010.JFE Holdings, the second largest Japanese steelmaker, had said last Friday it had agreed to pay $ 200 per tonne over three months. For Jim Lennon, analyst at Macquarie, specialist materials, "the Japanese will prove more flexible on prices." Flexibility which could benefit BHP, Teck Resources, Xstrata, Mechel OAO, Rio Tinto Group, Alpha Natural Resources and Massey Energy.

The new contract for three months, for which Morgan Stanley anticipates a course at $ 222 per ton, beginning 1 April next year, according JFE. One that expires next March 31, is listed at $ 129 per tonne.

On February 26, Energy Publishing, which reports the data supply and demand in the major coal producing countries, has published three price indexes for coking coal."The pricing in the short term will be difficult to manage without a reliable index of the prices of coking coal, which is why the publication of these indexes comes at the right time for the coal markets," said Forrest Hill, President Energy Publishing.

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"The steel prices could increase by 40%

The Paris Bourse expected in the green

Wednesday, January 20th, 2010

The Paris Bourse is expected in the green Tuesday. At just under two hours of opening, the Index Future CAC 40 gained 0.64% to 3979 points. The previous day, investors had concluded in Paris on the first day of the week in the green despite a sluggish trend in Asian places. The negative close on Wall Street Friday was forgotten (Monday, the U.S. places were closed due to holiday).

As for statistics, several publications are expected. The market index monitor consumer prices in December in Britain at 10:30 and the barometer of the financial German ZEW at 11am. Overseas will be issued at 16h index of investor confidence as measured by State Street.After exchange, the Americans 19h to unveil the long awaited housing market index, the National Association of Home Builders.

On the corporate side, the markets could be affected by the release of fourth quarter results from Citigroup to 14h. Friday, disappointing trial results from JP Morgan had weighed on the markets of Paris. IBM will release its results after the market closes.

Distributors monitored

Casino was released Monday after market its figures for the fourth quarter of 2009. The group has announced a turnover of 7.32 billion euros over the period, in line with expectations. But sales were lower in France.In its wake, the reaction of other distributors is expected.

Vinci said Monday night having won, in cooperation with the British Morgan is a contract of 476 million euros for the construction of a tunnel for stormwater and sewage to east London. The contract was awarded by Thames Water, the incumbent of the London waters, and will be shared equally between Vinci and the construction group Morgan Est.

GDF Suez said Monday in a statement that discussions toward an agreement with International Power had failed.

Guyenne et Gascogne has announced a turnover in the fourth quarter of 2009 rose 2.4% to 151.3 million euros. For the full year 2009, sales fell by 0.4% to 582.4 million euros.

Soitec has issued a revenue decrease of 9.3% in the third quarter and anticipates a fall limited to less than 10% for sales throughout the year.

The market also anticipates publications for 18h, after market, Alstom (turnover for the third quarter), Accor (fourth quarter), Faiveley (third quarter) and Seb (fourth quarter).

The CAC 40 oscillates around equilibrium

Wednesday, January 13th, 2010

While the U.S. exchanges fell back into the red Tuesday – the deteriorating trade balance, coupled with poor results from Alcoa weighed on the trend – Asia closed the Wednesday meeting ground largely negative. The stock index in Asia was down 1.85% at 3052.73 points, with a decline in the Nikkei 1.32%, to 10,735.03 points. The announcement yesterday by the Bank of China to raise the reserve requirement ratio to major banks and a rise in interest rates on treasury bills to one year have replenished the prospects for closer Currency in China.

In Europe, it is the hesitation that dominates. Fellowships, yet influenced the decline in the wake of other large places, managed to hang in balance or even exceed it slightly. Around 10:30 am, the CAC 40 is timidly 0.13% at 4005 points, and save the 4,000-point mark.The DAX index of 30 blue chips of the Frankfurt Stock Exchange operates similarly, from 0.13% to 5.950 points.

Macroeconomic side, the consumer prices in France rose slightly in December compared to the previous month (+0.3%) and are up 0.9% year on year, said Wednesday INSEE. In Germany, GDP dropped by 5% in 2009, after +1.3% in 2008.

At noon, the European surveys monitor monthly business survey for December. And at 16:30, the U.S. will unveil its weekly inventory of crude oil. Well after closing at night, the president's speech to the Philadelphia Fed Charles Plosser, the U.S. economic outlook will be closely followed.

Societe Generale launched a "profit warning"

On the values front, the news this early morning is the profit warning from Societe Generale.The bank said today that it expected record results "slightly" profit in the fourth quarter of 2009, below market expectations, due to the recording in the accounts of a negative impact of 1.4 billion ' euro-related assets at risk. The titles fall of 4.84%, to 49.17 euros, showing the worst performance of the ACC. In this wake, the banks are struggling. Credit Agricole (-2.28%), Dexia (-2.05%) and BNP Paribas (-1.78%) are in the end list.

Renault (+0.25%) continues to rattle the government. The state also largest shareholder, was summoned to renounce a possible relocation of the production of the Clio in Turkey raises numerous critics. Today, a meeting between Minister of Industry, Christian Estrosi, and the CEO of Renault, Patrick Pelata, is provided.The manufacturer has provided reassurance in a statement that no "decision had been taken at this stage."

Topping the charts of ACC 40, Figure Carrefour (1.54%). HSBC has initiated coverage of the title with a neutral recommendation and a target price of 37 euros. After L'Oreal (+1.42%), Pernod Ricard (+1.06%) and Danone (1%).

In contrast, Saint-Gobain fell by nearly 1.2% after seeing lowered its recommendation to "neutral" by analysts at Credit Suisse, cons "outperform" before. Schneider Electric lost 0.6%, UBS changed from "buy" cons "neutral."

On the DRS, Thales (+1.3%) is doing well.

Xiring (+9.15%) announced yesterday after market sales for the fourth quarter 2009 from 9.3 million euros, unchanged from the fourth quarter of 2008.Esker (-3.2%) for the same period, revealed an activity of 5.9 million euros (+5%).

Cellectis (+2.71%) announced the signing of a licensing agreement with Bayer HealthCare, the healthcare division of the international group Bayer.

Tower Records in Dubai against crisis

Saturday, January 2nd, 2010

Proponents maintain flirtation with the mystery on its exact size, but with over 800 meters high, the Burj Dubai will have no trouble to climb to the summit since it exceeds by at least 300 meters above the current building in the world, Taipei 101 Taiwan (508 meters). The question is whether this will be the last great Pharaonic site long before the emirate in the Middle East crisis.

The story goes that the emir of Dubai, Sheikh Mohammed al-Maktoum, had returned to its initial project promoters with poor 90 floors. "We thought little of beating the record held by the Taipei 101 tower. But the client asked us each to go higher, but we set limits, "says architect Bill Baker, the firm Skidmore, Owings and Merrill of Chicago, developer of the skyscraper.

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