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Bourget: the ongoing battle between Boeing and Airbus

Tuesday, June 21st, 2011

Day Two at Paris Air Show. Orders continue to rain, sometimes for the European Airbus, Boeing now for … and then the other aircraft manufacturers such as Embraer and Canadian Bombardier. Yesterday, for its opening day, is Qatar Airways has started the ball rolling by signing orders for six Boeing 777-300 long-haul ER for a list price of $ 1.7 billion.

In all, more than 200 aircraft were sold for a total of about $ 26 billion. By late afternoon, Airbus was able to engrager firm orders for 142 aircraft, for a total of $ 15 billion (10.4 billion euros) on the paper.His great rival Boeing for its part showed orders for nearly 40 aircraft and nearly $ 11 billion.

On Tuesday, John Leahy, commercial director of the European aircraft manufacturer, is pleased to have received 544 commitments for the A320neo which should enter service in 2015: "We said earlier this year that we would get 500 orders (for A320neo) by the end of the Paris Air Show. We achieved this goal with three days in advance, "he said.

• Airbus (EADS)

– The low-cost airline IndiGo Indian could confirm an order Wednesday's historic $ 16 billion on Airbus 180 aircraft, according to Reuters.

– CIT Leasing has signed a memorandum of understanding to buy 50 Airbus family A320neo.This command, which has yet to be confirmed, reached $ 4.6 billion at list prices only.

– The U.S. airline JetBlue Airways is about to buy 40 Airbus family A320neo, told Reuters in an industrial source. "An announcement will be made during the day," she said.

– Garuda Indonesia has signed Tuesday a memorandum of agreement to purchase 25 Airbus A320 Family aircraft, including 10 A320neo.

– The Taiwanese company Transasia Airways has ordered six Airbus A320neo. This order represents $ 600 million based on list prices.

• Boeing

– Aeroflot has ordered eight 777-300ER personal loans for bad credit. Based on list price, this order represents $ 2.3 billion.

– The low-cost airline Norwegian, major competitor of the Scandinavian airline SAS, has ordered 15 medium-haul Boeing 737-800 aircraft for $ 1.2 billion at list prices. Norwegian has also finalized the purchase of three long-range 787 "Dreamliner" in response to an intent to purchase that was announced in May.

– Malaysian Airline System (MAS) announced Tuesday it had exercised its purchase option on 10 Boeing 737-800. Malaysian airline said that this command was more than $ 800 million based on list prices. So far Boeing has awarded this order to a customer not identified in its list of 2011 contracts.

– The Mongolian airline MIAT Mongolian Airlines has ordered two aircraft the Boeing 737-800 Next Generation aircraft and 767-300ER for a comprehensive list price of $ 245 million.

• Bombardier

– The Swiss company VistaJet, which specializes in business aircraft, has ordered 10 units of Global 8000 for a list price of $ 650 million.

– The South Korean airline Korean Air has signed a letter of intent to acquire up to 30 Bombardier CS300, including the outright purchase of 10 aircraft.

• ATR

– ATR, a joint venture between EADS and Finmeccanica, announced Tuesday it had garnered 78 firm orders and 32 options from the beginning of the year, for a total of $ 2.4 billion.Turboprop aircraft manufacturer has unveiled its second control room, from the Brazilian airline Azul Linhas Aéreas ATR 72-600 for 10 to nearly $ 227 million.

• Comac

– The Irish company Ryanair low cost will help the Chinese manufacturer Comac to develop its medium-haul C919, to be marketed in 2016, when she was broken in late 2009 negotiations to purchase medium-haul Boeing.

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Microcredit is a public increasingly wide

Monday, June 6th, 2011

For Adie (Association for the Right to Economic Initiative), this week is crucial. From June 7 to 11, during the 7th week of Microcredit it organizes, the association collects more than 7,000 applications for funding so that it provides almost 12,000 per year. It is also an opportunity for this structure, a pioneer of microcredit in France and Europe, to remind the public that this formula is not restricted to developing countries and is effective in supporting microenterprises. "This formula is one way of returning to work essential in today's society," says Catherine Barbaroux, new president of Adie.She succeeds Maria Nowak, creator and executive structure for more than twenty years.

To date, over 100,000 microloans (the original financing plan must be less than 8000 euros) have already been granted to entrepreneurs or unemployed recipients of social minima. Catherine Barbaroux estimated that the 12,000 annual cases followed today could be doubled by 2015. It has to be founded on the 130 and 190 antennas permanence of the association spread over the territory. "Our statistics show that the entrepreneurs that we support have the same success rate as other entrepreneurs," she says.

Forums in France

These microentrepreneurs also create jobs other than their own, since the average is 1.38 jobs per company, says she.Finally, if the major projects on trade and personal services, Catherine Barbaroux believes that microenterprise is perfectly suited to innovative services such as on sustainable development.

To popularize microcredit, the forums will be held in Paris, Bordeaux, Lille, Lyon, Nantes and Marseille. But it is especially the testimony of microentrepreneurs that mark the minds about the effectiveness of this boost. "I needed 3,000 euros to complete my file and start my cycle shop in Paris, remembers Jean-Pierre Gestin, the RMI at the time, with two dependent children. Impossible in a traditional bank. In Adie, I was just received, warmly, and it was resolved in a fortnight. And since I work. "As for Dominique Voisin, she was able to launch its activity nursery collection in the Nantes region thanks to the credit that's nearly seven years."It's difficult to be supported by a traditional bank when we launched over 40 years and that there is no regular income," she admits. Today she put on her new website to market more widely rare plants they have.

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The majors of the black gold reconnect with the super-

Friday, April 29th, 2011

It's a good week ending for large oil companies. Alternately, the ExxonMobil, Shell and BP have announced excellent quarterly results, driven by inflation of a barrel. Friday, Total and Chevron have completed this list of "super-" the French group has a net profit of 3.9 billion euros. Enough to power once more controversy when fuel prices are stealing record after record. Currently, a liter of super unleaded costs an average of 95 € 1.53 in France. And Christophe de Margerie, Total's chief executive, has incurred the wrath of the Elysee Palace after stating that the milestone of 2 euros was in the order of things.

Click on image to enlarge.

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Thousands of opponents of the parade shale gas

Sunday, April 17th, 2011

Opponents of the gas and oil shale will not be satisfied with the recent announcements by the government is considering banning the extraction of hydrocarbons in May. National coordination group opposed to the gas and oil shale holds since Friday until Sunday a series of rallies in the south and east and in the Paris region, in areas where the government has issued permits exploration or considered the possibility.

Demonstrations were held Saturday in Marseille (photo) but also in Meaux (from 1500 to 2000 people gathered) or Donzère in Drôme (about 4000). Other marches were announced at Rousson (Gard), Lyon (Rhone) and Lons-le-Saunier (Jura). Sunday, decreed a "national day of mobilization", other gatherings are planned in Cahors (Lot) and Blyes (Ain).Protesters call again the firm and definitive cessation of these hydrocarbons. New anti-capitalist party (NPA) on Friday called on to participate in the mobilizations.

The recent pronouncements of the Ministry of Ecology and Prime Minister, if they have a little reassured opponents, have not entirely convinced. So they refuse to release the pressure. "We see it is understood (…) Now we are asked to repeal and only then that the mobilization will stop," said Anne Lacouture, Assistant José Bové, leader of the protest.

MEP Ecology Europe will participate Sunday in the Aveyron mobilization in its stronghold in Nantes, which gave its name to one of the permits issued by the former Minister of Ecology Jean-Louis Borloo.These allow large groups to explore for oil and gas in areas that may contain shale gas. The Department of Ecology has acknowledged that three licenses granted in the region in March 2010 were used for the exploration of unconventional oil. The legal uncertainty that currently exists on the issue can not be sure whether other permits issued in recent years does not apply also to search for and extract gas from shale.

A report due by François Fillon

Before the wind of revolt, Prime Minister Francois Fillon said Wednesday the cancellation of licenses already granted. The Minister for Ecology Nathalie Kosziusko-Morizet had requested the suspension of exploration work in February, a form of de facto moratorium.A bill must be considered in an emergency procedure from 10 May to the Assembly to formally ban them extraction.Si the ban is passed, it could however be only temporary. Francis expects Filllon including the report of a mission "to better understand the shale gas." Eventually, a development of the mining code to strictly supervise the extraction of these hydrocarbons is not unthinkable, say experts elsewhere.

François Fillon on Wednesday gave impression that the government reserved the option to "go again" projects "in a way maybe a little more acceptable the next time," said Anne Lacouture. "For us, it is not acceptable, regardless of how it's done," she added.The techniques used to release the hydrocarbon trapped in the rock, the injection of very high pressure water mixed with chemicals, fears of pollution of groundwater, the devastation of the landscape and environment and development Risk-based economies, as in the Aveyron, on high-quality agriculture and tourism.

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Brazil Embraer sells 35 planes to China

Tuesday, April 12th, 2011

These are two engines of global growth are meeting this week in China. The president of Brazil Dilma Rousseff meeting today with his Chinese counterpart Hu Jintao in Beijing.

Hours before the arrival of the Brazilian president, business partnerships already announced. Chinese airlines have ordered 35 aircraft and Embraer E190. This order is valued at 1.4 billion dollars, since each device costs $ 40 million at list prices. Of the total number of aircraft ordered, twenty are for China Southern Airlines and fifteen join Hebei, a small regional airline.

The contract was signed by Ministers of Industry of both countries during the visit of Dilma Rousseff. China has also expressed its intention to invest ten billion dollars in soybean production in Brazil.Beijing is the largest importer in the world.

Out a role of mere suppliers

In post for just over three months, Dilma Rousseff hopes to strengthen trade ties between the two emerging powers. Brazilia seeks out a relationship of mere supplier of raw materials for Beijing, while "Made in China" products flooding the Brazilian market.According to the China Business News, the Brazilian head of state has already expressed its intention to propel Brazil to the rank of major trading partner of China.

During his five-day visit, Dilma Rousseff must also attend a summit BRICS (Brazil, Russia, India, China and South Africa) to be held in the south on the island of Hainan.

Moreover, the "BRIC", the four large countries 'emerging' economic boom: Brazil, Russia, India and China are expected to occur this weekend, April 14, to développerleurs trade.

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Ferrari: "We did nothing to prohibit TF1

Monday, April 4th, 2011

A year before the presidential election, TF1 device adapts its campaign. The management of the private information of the channel will set up its schedule from May to make room in the extension of the newspaper 20 hours, a new monthly political appointments.

Presented by Laurence Ferrari and François Bachy, the Director of Policy, 8:20 p.m. to 8:40 p.m., the show policy fits into "break with the newspaper," says the presenter and editor of news at 20 hours, causing this new appointment. "I really wish the tone of the show is different from your" news "of the newspaper where we interviewed general policies on the news for 4 or 5 minutes with questions strained. Here, we are really in a format of 20 minutes we can go in both the program in pedagogy and in decoding.I think the French, even if they shun certain elections, want to understand. There will also sound elements that we will bounce back. On leaving the show, there will be a little better understanding of who is invited and especially what vision he has of France and of society, "says one who is also Deputy Catherine Nayl to management information TF1, the drafting of some 250 journalists.

A fairly compact format

From 2006 to 2008, the program "Sunday + on Canal +, Laurence Ferrari was noted for his pugnacity of political interviews. "This tone, I always kept. Those who watch the newspaper know that I have not changed much. But Francois Bachy, we wanted them to leave anything other than what they usually leave the uplands. That may be a bit ambitious but we hope to do, "she says."It was a long time there had been no political broadcast on TF1, said Laurence Ferrari. During the campaign, there may be an acceleration of the frequency of this issue and prime times. We had "I have a question for you" format "French Song" exists savings account payday advance. But we wanted to have a format to us, which we are already thinking. "

The political difficulty in viewership. What nourishes the goal of information management of TF1 by placing this new appointment just after the news, large vector hearing? "Around 7 million viewers, guess Laurence Ferrari. We make this policy issue that we believe when the hearing is the strongest of the day.But the poll published in The Pilgrim (March 29, Ed) comforts us in the fact that the French are attached to their JT, on a long term (at least 30 minutes), and only two-thirds of them JT is the only medium of information. "

Gill Birch, the new "wild card"

Asked about the potential evolution of JT, Laurence Ferrari said: "It is in any way out of the question shorter. However, we do not forbid to imagine a large slice of information overflow before or after the newspaper received a few more guests because we sometimes have a material so dense that we did 30 minutes not the time to bring. We do not forbid to TF1. However, these are just projects. The newspaper is solid and stable in its structure. JT is the most watched daily for all countries.We are leaders in France and Europe, and even JT Americans are not better ", says she.

Harry Roselmack, the "wildcard" Laurence Ferrari at the presentation of the news at 20 hours since 2006, announced in March his desire to quit his post after next summer to devote himself fully to the presentation of "Seven Eight "and the filming of the news magazine" Harry immersion. "He wanted to make the magazine, is irrepressible. I understand, although I regret it because we were a good pair. I welcome Gilles Birch (now Washington correspondent, Ed) with equal enthusiasm. He just writing and I love that look American, "says she.

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Hospitalized: Pay even without sleeping rooms

Tuesday, March 15th, 2011

A single room can be billed to a patient even if he does not spend the night in hospital, following a decree of 28 February unnoticed but pointed Monday by the French Mutuality. This concerns, for example, a patient arriving at 7 am and departing 15 hours after cataract surgery in ambulatory surgery and having a "room only". Purpose: "to get schools to make the outpatient rather than inpatient hospitalization," said the Ministry of Health. The ambulatory is praised by patients and costs less to Safely. But its development was melting – from 10% to 15% per year, according to a clinical pattern – a major resource clinics and hospitals: billing, tariff free, a private room, paid by the patient or its complementary health.

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The euro may rise again before the ECB meeting

Wednesday, March 2nd, 2011

The exacerbation of tensions in Arab countries pushes oil to new highs. What a coup to restore stress for investors who seek shelter in safe haven: gold, this metal is sought at all costs in case of uncertainties and anxieties in the markets has reached a historical peak in 1435 dollars over the last few hours. The Swiss franc, the same type of safe investment, appreciated against the greenback, which is worth 0.9280 Swiss francs, as against the European currency, which now trades 1.2785 against Swiss franc.

Regarding the dollar, the situation is different. The greenback seems, for several weeks, losing its safe haven status. Even if Ben Bernanke speaks, and says that the global economy is in danger, the dollar reacted positively.This was the case last night for the Fed chief, "a steady rise in prices of raw materials is clearly a drag on economic growth and relatively stable prices." The dollar has appreciated.

Aside from these moments become quite exceptional, the dollar is generally oriented on a downward trend. The dollar lost ground against all major currencies (except the New Zealand dollar) since January 24, the start of the revolution in Egypt. Particular factors, recent spikes in crude prices, which is denominated in dollars.

The euro as a safe haven

Would that the euro would become suddenly reserve currency? Not really. In reality, they are rather reasons behind the European rise of the currency.The ECB (European Central Bank) is tipped to raise its interest rates faster than the Fed (Federal Reserve), which suggests that the inflation risk is "low" in the United States. Indeed, price increases on the Old Continent, them, increase (+2.4% in February). Now the guardian of the euro due to inflation below 2%, its sole objective. And to stop it, we must adopt a tight monetary policy, that is to say interest rates higher.

Thus, around 11 am on Wednesday, the euro was trading near $ 1.38. The highest yearly 1.3862 is near a strong resistance level, which could be broken at the approach of the ECB meeting tomorrow afternoon. If rates at 1% since May 2009, should not be increased this time, they could be by this summer, analysts said.Only the tone of Jean-Claude Trichet may harden, which would have good reasons for investors to buy the euro.

However, if the euro resitant still rising, it could also be abused again in the coming days or weeks as the crisis in Europe sovereign always lurking. Portuguese bond rates remain close to ten years of 7.50%, a bar that had passed for the first time on 24 February and which is its recent record high.

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Sanofi-Aventis is the remedy to afford Genzyme

Wednesday, February 16th, 2011

It's official: Sanofi-Aventis buys U.S. biotech Genzyme. The laboratory has improved its last offer, which was to expire at midnight yesterday after being launched on October 4 and extended twice. The two parties reached an agreement and the offer will end on March 16 upgraded.

Sanofi-Aventis and will spend $ 20.1 billion in cash (or 14.9 billion euros) to acquire the worldwide leader of rare diseases. An amount equivalent to $ 74 per share, or 5 dollars more than originally proposed. Genzyme shareholders will also receive certificates of conditional value (CCV). The latter could result in additional payments if the biotech meets certain sales targets.Security holders may receive up to $ 14 and additional action if sales Lemtrada, a drug used against leukemia that Genzyme is trying to certify against multiple sclerosis, achieve the goals most optimistic.

In financial terms, Sanofi-Aventis believes that the transaction would increase earnings per share of 0.75 to 1 euro by 2013. The Group Chief Executive, Chris Viehbacher, adds that the merger "should be accretive in the first year, in other words that the approximation should have a positive impact on the Group's profitability in the first year while the transaction should be completed in the second quarter of 2011.

Genzyme will be a new growth driver

Sanofi-Aventis also focuses on the strategic dimension of this approximation.According to Chris Viehbacher, the operation "will create a significant new growth platform for Sanofi-Aventis by expanding our presence in biotechnology." The lab also intends "to Genzyme's global center of excellence for rare diseases."

In terms of Genzyme, the title earned 3.53% to 74.30 dollars at the close of Wall Street yesterday in preparation for this announcement and before publication of its annual results on Wednesday. In 2009, the biotech had achieved a turnover of 4.5 billion. Its activities are an important growth driver for Sanofi-Aventis, faces competition from generic drugs.

Furthermore, the reorganization of groups is running. Sanofi-Aventis has already indicated that the CEO of Genzyme step down but retain an advisory role on the transaction.Remains to be seen what any other restructuring induced by this marriage.

In early trading, Sanofi-Aventis under the lead of more than 2.4% and signs and the largest increase in the CAC 40. The benchmark index of the Paris Bourse rose by 0.4% to him.

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Madrid ready to fly to the rescue of its banks

Monday, January 24th, 2011

This time, the Spanish government seems determined to take the bull by the horns. Having downplayed for months the difficulties that struggling fourth of its banking system, Madrid was ready to go to partly nationalize some savings if that became necessary.

This change of foot, compared with the soothing speech given so far by the Bank of Spain, due to the pressure put by the European Commission, and especially by the European Central Bank, which saw its funding boost for Spanish lenders. The aim is to avoid the scenario in Ireland. Late last year, Ireland's sick banks had to accept an aid of 85 billion euros.

The parallel is not trivial: whether in Ireland or Spain, the housing crisis is eating away at the balance sheet of credit institutions.To convince that the situation of Spanish savings banks has nothing to do with the Anglo Irish Bank and Allied Irish Banks others, Madrid will beef up its rescue plan. In particular, the Spanish government plans to encourage "cajas" to open their capital to investors through a possible initial public offering to cover their capital needs. If it proved impossible to attract foreign capital, the Fund for orderly restructuring of banks (FROB) is willing to "take a stake on a temporary basis." The formula, however, does not fool anyone: at this stage, investors are not lining up. The fund JC Flowers, specializes in turning financial institutions, chose to abandon an investment project.

The warning from Fitch

Much work has been restructuring operations in recent months.Under the leadership of the Bank of Spain, the cajas have started a consolidation which has limited their number from 45 in 2009-17. "This screening technique reduces the grip of local governments," says an expert. Operational side, the savings will have to close between 20 and 25% of their agencies and reduce their workforce by 15% on average.

During this first phase of restructuring, Frob has injected 11.6 billion euros of capital into new entities. Remains to be seen how many are missing. While the Wall Street Journal had an invoice raised from 30 to 80 billion euros, Elena Salgado, Minister of Finance, said the reality was "very far" from those amounts. UK broker Evolution him, amounted to 142 billion, 83 billion for the cajas, impairment losses on future loans to developers and other SMEs whose activities are often related to construction.Even Bankinter – which Crédit Agricole owns 20% – which has little exposure to real estate professionals, has seen its profits plunge last year.

Madrid, ultimately, has promised more transparency with the publication by the end of real estate commitments. The government will decide there and then create an entity – a "bad bank" – to use the impaired assets, as in Ireland? Everything seems still open. The rating agency Fitch has called for its part, yesterday Spain to establish a "credible bank restructuring plan," while stressing that the country score, which has a stable outlook, could be lowered if the recapitalization cost more than expected.

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