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Shy up to Wall Street

Wednesday, May 11th, 2011

The U.S. stock market should open again close to equilibrium Tuesday. Futures on Standard & Poor's 500 and Nasdaq 100 advance respectively from 0.02% to 1343 points and 0.04% at 2387.50 points. On Monday, Wall Street has ended in the green, encouraged by a slight rebound in oil prices and raw materials. The Dow Jones gained 0.36% to 12,684.68 points and the Nasdaq 0.55% to 2843.25 points. For its part, the broader index Standard & Poor's 500 advanced 0.45% to 1346.29 points.

But this morning, oil prices gave way to new ground. In New York, crude oil fell by 0.95% to 101.57 dollars a barrel in trading before the market opens.

Greece does not discuss additional assistance, sources said Tuesday Greek and European senior, denying a news report that suggested a new plan of 60 billion euros.This information has boosted European values ​​that are returned to the rise in the morning.

Caution should however remain appropriate. Investors will closely follow the issue in six months in Athens, amounting to 1.25 billion euros.

Market experts are also of IG also noted that the record number of Chinese exports in April could mean a new next monetary tightening by Beijing to prevent a runaway Chinese economy.

On the macroeconomic front, the U.S., investors will be watching in particular, import prices in April to be published shortly before the opening.

On the foreign exchange market, the euro was stable against the dollar on Tuesday.About 11:00 am in Paris, the euro was at 1.4365 dollars against 1.4358 late Monday.

The side of values

The mergers and acquisitions continue in the technology sector. Microsoft would be so close to a deal to buy the leading Internet telephony Skypepour $ 8.5 billion. That night, the Wall Street Journal said that Microsoft was willing to pay more than $ 7 billion. If the amount of over $ 7 billion were true, it would be one of the largest acquisitions in the history of Microsoft, the newspaper said.Nvidia announced the previous day, buying the company Icera, which makes chips for mobile phones and tablets for $ 367 million.

For its part, Google should launch a new online music service Tuesday, modeled on that of Amazon, reports the Wall Street Journal citing people familiar with the matter.

Still according to the Wall Street Journal, the U.S. oil giant ExxonMobil is in talks with Indonesian PT Pertamina, which could buy him for $ 3.5 billion share of 25% in an exploration project in Angola.

For its part, the IT group Hewlett-Packard (HP) announced Monday after the close of Wall Street, a new architecture designed for networking and Internet requirements, impinging directly on Cisco products.

The website YouTube video-sharing became owner, with a catalog of 6.000 films that U.S. Internet users can look through flow generally from 2.99 to 3.99 dollars per film.

Also note Activision Blizzard has reported earnings per share in the first quarter of $ 0.13 against $ 0.08 and an expected turnover of 755 million dollars against 663 million expected. For the full year, the videogame company expects a turnover of 3.95 billion dollars against 3.9 billion previously.

Fluor Corp. has announced new contracts in the first quarter of 2011 amounting to $ 3 billion in Australia with BHP Billiton to develop the mine Jimblebar.

Also note, Freescale, a specialist in semiconductors, Motorola's split in 2004, provides for an IPO. The company would raise more than $ 1 billion.The company has retained an indicative price range of 22 to 24 dollars per share according to a document filed with the SEC. The funds raised will be used to repay debt. The day before, the Internet social network LinkedIn has published the documents for its IPO. The company wishes to issue 7.84 million shares at a price between 32 and 35 dollars. The total investment amount and between 250 and 274 million dollars, more than $ 175 million proposed earlier this year. The total value of the group is close to 3 billion.

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ICL sees its transition to free

Saturday, May 7th, 2011

LCI she will soon be a free DTT channel? The matter is under study in TF1 wants to preserve one of its jewels. The first group of private television has quietly begun consulting the public to know under what conditions this could be changing.

The proposed solution is the demand in good and due form the High Council of Audiovisual (CSA) changes of the Convention on LCI pay channel free channel. What embarrasses the regulator, because the operation is not without risk and "give rise to litigation," promises an expert of the file.

TF1 pleads for the public interest and diversity of information in television. But critics denounce them, "a substantial modification if it completely changes the LCI media landscape." And everybody will go before the State Council.Government side, we observe with interest the maneuver. The State has to settle the sensitive issue of bonus channels, the passage of free LCI could be a good way to calm the war between TF1, M6 and Canal + since it unveiled its draft Canal20 free channel. In exchange for the rescue of LCI, TF1 calm his opposition to the arrival of new competitors.

Finding new advertising revenue

Canal + has been very clear make quick cash. This is not about to pay 15 million euros per year for LCI is only CanalSat. Bertrand Meheut, CEO of Canal + 'the info is now free. " Canal + in fact no longer wants to put money on the table to distribute news channel competing with its own channel i-Tele. According to observers, Canal + could just pay 2 million euros per year. This will leave a hole in the finances of LCI.Especially as Numericable is preparing, in turn, reduce by half the fee of 5 million. Consequently, LCI, which is already losing 5.8 million euros for a turnover of 42.7 million must find the money. The news channel is currently negotiating distribution for all IPTV operators but this is not enough to offset the loss of the amount of Canal +.

If LCI chooses to stay free, we must find twenty million of additional advertising revenue to balance its accounts. But the market is crowded by BFM TV which has a total turnover of 34.5 million euros and i-Tele.

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Air France would be renewed Gourgeon

Monday, April 18th, 2011

These last two years have not been easy for the CEO of Air France-KLM. This old company, which has assisted Jean-Cyril Spinetta at Air France for fifteen years, was confronted with poor financial performance, and the disaster of flight from Rio to Paris, which has tainted the image of Air France . But according to Liberation on Monday, the appointment of Pierre-Henri Gourgeon, head of the company since 1 January 2009, will probably renewed in July. His name would be formally raised in May. Then, shareholders will be asked to vote at the general meeting on the proposed extension or a renewal for two years only, half a term.

In this case, two deputies: one for Air France and KLM to another, according to one close to Nicolas Sarkozy, says Liberation. Thus, a successor would emerge that could take the reins of the company thereafter.This, in mid-2013, when Jean-Cyril Spinetta, the chairman of Air France-KLM, will reach the age of 70, who is a limit to the exercise of such functions.

Favorite of the government, supported by the company

It should be noted that the position of president of the airline is coveted. Several names have often been quoted by the press as potential successors to Pierre-Henri Gourgeon. There was the former Secretary of State for Foreign Trade, Anne-Marie Idrac, the former boss of Accor Gilles Pelisson, chief of staff Christine Lagarde Juniac Alexander, and Anne Lauvergeon, who was head of Areva.

Pierre-Henri Gourgeon has the support of the employee shareholders of Air France-KLM, and especially that of Jean-Cyril Spinetta. But the chairman of the board of directors of Air France-KLM is very influential to its directors, but also to the Elysee.Also chairman of the supervisory board of Areva, Anne Lauvergeon he would have supported its retention at the head of Areva, but not for Air France, told Liberation source familiar with the matter.

The Elysee Palace would consider the idea of ​​appointing someone new in the field of air transport would be dangerous for the company, says the daily. The candidacy of the current CEO should satisfy the state shareholder. The president Nicolas Sarkozy has indicated that one of the main qualities of Jean-Cyril Spinetta had been "choosing Pierre-Henri Gourgeon to replace him," according to La Tribune.

In this case, the role of the state has often been emphasized, because even if it only holds 15% stake in Air France-KLM, he remains the majority shareholder.In case of renewal effective, Pierre-Henri Gourgeon would include the mission, according to one executive of Air France-KLM parLibération city, "to conduct necessary reforms and unpopular," before retiring.

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Deutsche Börse calls for merger with NYSE Euronext

Sunday, April 3rd, 2011

After the cons-offer Nasdaq OMX Group and IntercontinentalExchange (ICE), NYSE Euronext, Deutsche Boerse boss Reto Francioni, says its proposed merger in the columns of the Frankfurter Runschau. Deutsche Boerse and NYSE Euronext had announced their merger on Feb. 15 designed to give birth to the first exchange in the world, 60% owned by shareholders of the German group and 40% from those of the transatlantic operator. For the owner of the German operator, the project remains "the best combination" for shareholders of both groups.

He refused however to say whether he will increase his offer. Nasdaq OMX and ICE have made an offer Friday to $ 42.50 per share in cash and stock for the entire share capital of NYSE Euronext, the end, the proposed $ 11.3 billion. This is higher than 19% of Deutsche Börse, which is otherwise entirely denominated securities no faxing pay day loans.The offer from Deutsche Börse provides for the exchange of each action against a new set of common share and exchange each share of NYSE Euronext's equity share capital 0.47 cons of the new company.

Asked about the risk of a long legal battle to get the green light by competition authorities for its proposed merger, Reto Francioni said that it was for him not a "takeover" but rather a cooperation agreement between Deutsche Boerse and NYSE Euronext. "It's not for us to conquer or be conquered. For us it is an amalgamation of two partners are well positioned, "he said.

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Wall Street resumes in the red

Tuesday, February 22nd, 2011

Unsurprisingly. Wall Street is on Tuesday affected by fears surrounding the situation in Libya and, since yesterday, saddled European markets. In early trade, the Nasdaq 100 and Standard & Poor's 500 index retreating to 1.60% respectively in 2789 and 1.14% points to 1328 points. The Dow, meanwhile, loose 0.33% to 12,350 points.

The effects of "Q2" against the Arab turmoil

If they have, until now, very resilient to the turmoil in the Arab world, the U.S. stock markets are more worried about today. Especially since they reopened after a holiday, the "President's Day," which pays tribute each year to all U.S. presidents.Indeed, the violence that affects Libya causes mad surge in oil prices, which can only worry about global markets.

The basket price of twelve grades of crude oil, which serves as a reference to the Organization of Petroleum Exporting Countries (OPEC) has topped the $ 100 to $ 100.59 dollars, according to a statement released Tuesday by the organization.

Wall Street, driven so far by the doping effects of monetary easing "Q2" of the Federal Reserve is struggling to keep international tensions at bay. The question is whether investors will succeed still appreciate as it should be different and promising corporate results and statistics of the day:

– Prices of detached houses fell in December in the U.S. for the sixth consecutive month, shows the S & P / Case-Shiller index released Tuesday.This index, which measures prices in 20 metropolitan areas, shows a decrease of 0.4% CVS a month to month in December, in line with analysts' expectations, and after a decline of 0.6% in November.

Two other macroeconomic indicators are on the agenda: consumer confidence, expected at 64 against 60.6 previously, and the manufacturing index of the Richmond Fed Expected to 17 against 18 previously guaranteed online personal loans.

Home Depot, Hewlett-Packard and Wal-Mart shelves

United States, the agenda includes business publications to the scale this week alone on Tuesday, investors will analyze carefully the publications of Hewlett-Packard (after market), Chesapeake (after market), Macy's, Medco, RadioShack, Wal-Mart.

Home Depot (0.60% to 38.71 dollars) has to sacrifice in the exercise.And the American chain of DIY stores has exceeded market expectations during its year ended in late January, with net income of $ 3.3 billion, up 25.4% year on year. Based on the number of shares, earnings were $ 2.01 million, which exceeds the amount of $ 1.98 expected by analysts and the company's own forecasts, which occurred in December (1.97 dollar ).

Chesapeake (4.78% to 31.89 dollars) will be doubly guarded, BHP Billiton (0.65% to 92.79 dollars) have announced yesterday the acquisition of a unit owned by Chesapeake and pipelines for a total total of $ 4.75 billion in cash. "The transaction increases the reserves of natural gas from Australian band of 45% amplify analysts Aurel BGC.The announcement comes just three months after BHP had given up to get their hands on the Canadian Potash Corp.. "

Soaring oil prices weighs on European values of the air. ÀWall Street, sector values are also suffering just like Delta Airlines (-6.78% to 10.72 dollars), United Continental Airlines (-6.54% to 25.16 dollars), U.S. Airways (-7 12% to 9.03 dollars and Jet Blue (-3.53% to 5.88 dollars).

Moreover, the U.S. electronic stock market Nasdaq (-2.17% to 28.46 dollars) and the Singapore Exchange (SGX) announced Tuesday a partnership whereby the companies listed in southeast Asia and India will have new communication tools and information.

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Drought in China: wheat burns in Chicago

Thursday, February 10th, 2011

The terrible and persistent drought affecting the north-east China give cold sweats to Chinese leaders and has been sounding the alarm to the UN specialized agencies. It also abrogates wheat prices to record levels on the reference market in Chicago. However, Beijing warned Wednesday that this climatic anomaly should last at least ten days to come, seriously threatening the harvest of winter wheat.

According to the Chinese Ministry of Agriculture, the eight affected provinces produce more than 80% of winter wheat in the country. Shandong Province could well find its worst drought in 200 years, according to Xinhua. There has fallen only 12 millimeters of rain since September. "The persistent drought poses a potentially serious problem," says the UN Food and Agriculture.According to FAO, would cover the affected area for more than two-thirds of national output. China is both the largest producer and biggest consumer of wheat in the world.

Threatened self-sufficiency

Premier Wen Jiabao, visited the field in Shandong. To declare that the country "must prepare for the worst and take action." On Wednesday, Chinese authorities have announced new measures. The government will spend over 6 billion yuan (670 million) to divert water to areas most affected and construct emergency wells and irrigation systems best payday advance. According to China Daily, Shandong has undertaken to repair or widen 30,000 wells.

During that same trip, Wen Jiabao said that the stabilization of prices was the "main task of government" and that grain prices was "essential" in this fight.However, the futures market for agricultural products from Zhengzhou, the price of a tonne of wheat surged 6.6% to a record level of 3,051 yuan. And Chicago, prices reached their highest level in nearly three years. For obvious strategic reasons, China has endeavored to be self-sufficient in wheat, and a need for supplies from outside would have a serious impact on the world market. Beijing has yet large stocks, which should mitigate the consequences of the shortage.

For the Chinese government, the cruel caprice of the sky is falling very badly, as he tries to fight inflation rising to 3.3% in 2010 and driven largely by rising food prices. More broadly, the FAO has warned against civil unrest in parts of the globe, food prices have reached their highest level ever in the world.

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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.

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United States: the Fed sees signs of improvement

Thursday, January 13th, 2011

The U.S. central bank (Fed) is more optimistic than usual. In its Beige Book, released Wednesday, she believes that U.S. economic growth has been stronger in recent weeks of 2010. "Economic activity continued to show moderate growth from November to December," she says. At the end of the year the economy grew in all regions of the country, the statement added.

The manufacturing sector, in particular, has taken over the whole territory, according to the report, made on the basis of information supplied by the twelve regional branches of the Federal Reserve. Retail sales in the holiday season in 2010 appeared higher than in 2009 and "in some cases higher than expected."

The situation of the banking sector is more mixed across regions, having recorded some increase in loan applications stronger than others.

Real estate remains worrying

The Fed does not, however, falls in the euphoria. Most of the leaders' positive views on the future "but remain" prudent " payday loans with no fax. The main concern remains the housing market, which remains "low" throughout the country. Moreover, GDP in the third quarter of 2010, which grew by 2.6%, ahead at a rate too low to consistently lower the unemployment rate, currently at 9.4%. Ben Bernanke was also explained to members of Congress last Friday, it would take "four to five years" to see the unemployment rate back to its normal level, around 6%.

However, leaders of the Central Bank do not despair.They note that "the labor market appears to have strengthened somewhat in most areas." On Wall Street, investors appreciate this latest news without euphoria, however: the Dow Jones climbed 0.76% to 11,763 points just after the announcements.

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The ounce of gold at U.S. $ 1274.95, never seen!

Wednesday, September 15th, 2010

Gold has established a new record Tuesday, surpassing the 1270 dollars an ounce after gaining 25% in one year, boosted by markets that desperate to get down to the shelter of uncertainty about the reality the global economic recovery.

At 1430 GMT, the price of an ounce of gold reached 1,271.35 dollars, smashing five dollars more than its previous record of 1265.30 dollars, dating from June 21 A few hours later, the yellow metal reached a new record level at 15:50 GMT, an ounce of gold was quoted 1274.95 dollars, ten dollars more than its high in June

On September 14, 2009, an ounce of gold stood at 1009.10 dollars. Hence an increase of over 25%, a performance to rival stock markets in the sentence. In Paris, the CAC shows since the beginning of the year delay of 4.11%. In New York, the Dow Jones rose a little more than 1%.

Since late August, the price of gold had come close several times to his record of 1265 dollars. On Tuesday, he saw his rise accelerated after opening slightly lower on Wall Street.

Access weakness of the dollar

The sudden jump of gold seemed partly irrational, no new economic indicator or information to create panic have been published. Analysts said this record only serves to highlight the continuing concerns of investors about the state of the global and U.S. economy, continuing to promote the assets deemed safer. "The economic uncertainty continue to haunt the investment community.Fighting against this trend, it's like blowing against the wind, "explained Andrey Kryuchenkov, analyst at VTB Capital.

James Moore of BaseMetals.com, for his part noted the importance of gold purchases "associated with speculative investments" in such an environment betting on further increases in the price of gold.

The gold price was also driven by a renewed weakness of the dollar, likely to encourage purchases of dollar-denominated gold for investors provided with other currencies.Another explanation: the announcement Friday from the purchase of 10 tons of gold by the central bank of Bangladesh in the International Monetary Fund (IMF).

Money also well oriented

In the aftermath, investors increased their exposure on all precious metals, noted analystes.Le the price of silver, who played last week above $ 20 an ounce, has climbed Tuesday 20.41 dollars, its highest since March 2008.

For most observers, gold is likely to continue rising because of conflicting data that continue to flow on the global economy, and sustained demand from the jewelry sector, particularly in India."Fears about the state of the global recovery and interest rates still very low, continue to create an environment favorable to gold," says Suki Cooper at Barclays Capital, also noting that "physical demand should provide increasing support and strong prices.

Some believe that the price of gold should reach or exceed by the end of the level of 1300 dollars. "I think we can easily see gold prices rise comfortably above the 1,300 dollars before the year was ending," Philip Klapwijk has estimated, president of consulting firm GFMS in a report presenting the annual outlook Revised London firm."We probably observe a movement of profit taking as we approach the New Year, but in no case should be seen as a sign that the party is over: the gold is expected to grow further in 2011, the question arises not even, "says Philip Klapwijk.

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Monopoly World Farmland

Thursday, September 9th, 2010

With a report released Wednesday, the World Bank sets foot on a powder keg. Entitled "The growing interest in farmland in the world could he provide equitable benefits long term?", He relaunched the war between industrialists and farmers. Today, all over the globe, the acquisition of arable land or mineral-rich turn into a battleground.

Between 1998 and 2008, he was not selling more than 4 million hectares per year. In 2009, this figure rose to 45 million hectares. Soaring commodity prices, volatility of oil prices, an explosion of food requirements, all contributes to encourage speculation. Speculation states such as China, want to ensure self-sufficiency.Speculation multinationals who scent a market more than promising.

Drought in Russia has forced the country to freeze its exports of wheat last summer, causing prices to rise by 70%. Brazil has decided to restrict land purchases by foreigners. India has rejected a British mining project to protect the 8,000 members of a local tribe. Everyone tries to organize face to speculators.

Fraudulent

The World Bank, stressing that a billion people do not eat their hunger on earth, is careful not to decide. She noted that foreign investment can be a way to correct the lack of financial resources of the countries concerned to make transfers of technology, improve productivity of their agriculture and reduce poverty.But it also recognizes that these investments can be a source of serious conflict or even outright fraudulent transactions payday advance lender.

His report covers fourteen countries (Brazil, Cambodia, Congo, Ethiopia, Indonesia, Liberia, Laos, Mexico, Mozambique, Nigeria, Peru, Sudan, Ukraine, Zambia) and notes that in Africa, in particular, promises are rarely required, unlike in Peru, Brazil, Mexico, where the rules concerning acquisition of land are clearly defined.

Because foreigners are not only culprits. Governments are often responsible for lack of legislation, competent managers or simply political will to organize their agricultural development.All of which, combined with the lack of information, foster corruption.

"The magnitude and often the appearance of speculative land transactions recorded in recent times have taken everyone by surprise," argues the World Bank. He added: "Suddenly the acquisitions are often at the expense of local people, especially those who are most vulnerable, without bringing them appropriate compensation."

Besides China, South Korea, Japan, Gulf countries are also involved in the giant Monopoly. But the bank does not designate a person by name. It just sends the actors to their own responsibilities.That governments enforce laws that civil society behaves "watchdog", as international organizations to be vigilant and that the private sector finally become aware that this is not only invest but to "invest more".

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