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The announcement was confirmed Monday afternoon by the company itself. The CEO of Caravelle, Pierre-André Martel, died Sunday evening with his daughter 20 years following the crash of a light aircraft near Lyon. Aged 57, Pierre-André Martel was known to have founded in 1995 Caravelle, the group specializes in the recovery and rehabilitation of companies, it still ran. Polytechnique, the man was also recently ranked by Fortune magazine Challenges 134th in France, with a wealth estimated at 350 million euros. He held still, with his family, 95% stake in his company.Caravelle, which announced the end of 2010, over 400 million euros in consolidated shareholders' equity and cash more than 200 million, operates in various sectors ranging from heavy equipment (Benalu, Marrel, EDBRO, Lamberet) to the self-medication (Cooper) through transport (Ducros Express, Girard).

"The provisions of Martel in this event are implemented and ensure the continuation of the group Caravelle," assured the company in a statement. When contacted, the company has not yet given details on the identity of the future (e) governing the group employs about 5000 employees worldwide, and manages 375 million euros in net business bad credit payday advance.

The board has not yet expressed

One obvious thing for the moment the most pressing issues: the future leader (or the acting team), will manage the back of the motor carrier Mory. Partially placed in receivership, it had attracted the interest of Caravelle, which confirmed the strategic importance of the resumption of mail Mory, "in order to bring its subsidiary Ducros Express." Candidates for the recovery should occur before July 31, but the direction of Caravelle had already filed early in July a written offer. Unlikely, however, that the tragic death of Sunday calling into question the strategic choice.

Meanwhile, the Board of Directors of Caravelle did not logically expressed on the scenarios considered in the coming weeks leading figure on the future of the group.The question of the succession of Pierre-André Martel remains in effect for the moment difficult to address, just hours after the formalization of that disappearance. Especially companies that, like the family, the imprint of a founding CEO of the group will need time to adapt substantial teams.

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The numbers are staggering. In Germany, the financial damage caused by cyber crime amounted to 61.5 million euros in 2010, according to figures released Thursday by the criminal police and the Federation of high tech Bitkom. This is equivalent to an increase of 66% over the previous year. As the United States, the FBI estimated the cost of crime to some digital $ 560 million in 2009. A world-wide, according to McAfee, cyber crime would have generated some 1000 billion in 2008, about 1.64% of world GDP for that year. Remains that, without minimizing the scale of the scourge, these figures are perplexing.

Many experts give little credence to these studies because most of them emanate from computer security specialists. For the record, other than McAfee is the world number two antivirus software.In addition, "less than 10% of companies report having experienced cyber attacks," said Jean-Paul Pinte, senior lecturer in strategic intelligence at the Catholic University of Lille. According to the specialist risk management and cyber terrorists of enterprises affected societies fear the bad publicity due to media coverage of cyber attacks.

Jean-Paul Pinte, "we know nothing of the legacy and financial losses suffered indirectly." He added: "If an attack is to relieve a company of sensitive information, loss of data will generate multiple costs, such as loss of competitiveness, or the upgrading of security."

"Hard to get a comprehensive view"

Director of the National Security Information Systems (Anssi), Patrick Pailloux abounds in this direction."When a site is the victim of an attack, he takes as an example, it is first blocked, causing a shortfall. Then we must add additional costs to set up a hotline strengthened. "And on the practices of industrial espionage initiated via the Internet," How can we measure in terms of losses that a competitor could steal ?, "asks the director of Anssi. Clearly, "it is difficult to get a comprehensive view of the problem," says he.

Despite these criticisms, these figures are held up to each event on Cybercrime. However dated, the estimated one trillion dollars of McAfee is authoritative. Last May, it appeared even in the "reminder" of the fourth Parliamentary Forum on Information Society in Geneva, on the initiative, among others, the United Nations.Trompe-l'oeil, the text quoted a source stamped Europol, the pharmacy police intergovernmental European Union, which actually refers to the numbers … the software publisher.

If governments do not hesitate to chopping these impressive figures, it is often necessary to legitimize, but costly reinforcement of their agencies against digital piracy. Or clear, make the pill easier to swallow from taxpayers. In January, the UK has estimated that cyber attacks cost him a whopping 27 billion pounds per year (32.2 billion euros) in a government study.An amount (by far) greater than the harm claimed by the United States … A few days before making public figure, London has announced the release of 650 million pounds over four years to "strengthen its cyber security "…

International cooperation in the war-horse

Without waving the national figures, France is no exception, as evidenced by the announcement of piracy Bercy in March. Patrick Pailloux it was for the state to "lead by example" to encourage companies to report piracy they wipe. The Director of Anssi said that 150 computers were then infiltrated by hackers to steal documents for the French presidency of the G20. "We were able to counter the threat," he goes on, noting that thirty experts have been mobilized for two months to "clean up" more than 130,000 positions in the Department.A communication that is timely, since Anssi plans to double its workforce (360 employees) by 2013.

Such methods may be distasteful, but experts and politicians agree: there is no time to waste on the face of digital crime. "For a long time in France, we thought that hacking and computer intrusions were not really dangerous, says Jean-Paul Pinte. But now we know that it's become a real business, and that the threat can come from anywhere: a simple USB key, hard drives or even photocopiers, which, connected to the Internet can become the target of hackers ".

Therefore, international cooperation, which requires significant resources, is "a priority," insists Patrick Pailloux. And for good reason: "90% of attacks are international," says the director of Anssi.In the columns of The Tribune, Laurent Wauquiez, Minister for European Affairs, recently recalled that a hacker "can be installed in Latvia, while in France to intervene through a Canadian site." He even considers urgent that Europe adopts "a kind of cyber-FBI-backed Europol" to stem the digital crime. And one last statistic to shoot, ensuring that "a user of thirty lost money in Europe over the last year" due to a hacker.

Businesses, prey selection

Having surveyed 45 U.S. companies in 2010, the Ponemon Institute found that on average, the financial damage caused by hackers and data theft was $ 3.8 million.Like that of McAfee, this figure is to be taken lightly, as though Ponemon shows his independence, his study was commissioned by ArcSight, a specialist in digital security. However, it appears that large groups are increasingly being targeted by hackers. Since the beginning of the year, the list of companies or institutions that have suffered cyberattacks has continued to grow. Sony has suffered more than ten attacks since mid-April, leading to theft of confidential data of more than 1 million customer accounts. Recently, Sega has had the same misfortune: the editor of the series of Sonic hedgehog found in mid-June have been stolen names, email addresses, birth dates and passwords of almost 1.3 million customers on its servers.Google or Citigroup also suffered cyber attacks.

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The finance ministers of the euro area are mobilizing to prevent a collapse of Greece. The central bankers in the eurozone have defined the conditions of payment of a further tranche of loans in July, this aid is part of the first plan in support of Greece to 110 billion euros in loans over three years promised last year by the Europeans and the IMF, but the payment was a time been questioned. But the finance ministers of the euro area indicate that the release of the loan must be accompanied by the vote of a new plan of austerity and privatization by the Greek Parliament. "To make the decision (on the disbursement of loans) in early July, we will need to have the decision of the Greek Parliament" in terms of austerity and privatization, said the Belgian Finance Minister Didier Reynders.And Athens has no choice because without this loan the country, faced with deadlines refinancing risk bankruptcy next month.

In the longer term, the ministers also laid the groundwork for a new plan. In fact, new support is essential to Greece to avoid bankruptcy in the longer term, the foreground is revealing enough. And this time, the private sector should be involved. Banks and other private creditors and participate in this new plan free instant credit score. However the contours of that plan remains to be defined.

"The ministers agreed that the additional funding required will be financed both by official and private sources" indicate the ministers in their statement.They "welcomed the goal of voluntary involvement of the private sector in the form of roll-overs informal and voluntary debt Greek existing mature," he added. The "debt roll-over" means, in financial jargon, the fact that creditors when loans mature, replace them with others of a similar amount. Ministers stress that this operation should be a contribution "substantial" in the Greek program "and avoid a default (of payment) selective" in the country.

Small flat, the "main parameters of a new funding strategy clear" should be defined "by early July," indicate the ministers.While they had initial aim "to discuss the participation of private creditors," stated Jean-Claude Juncker, adding "the question is" how far it can and must go. "

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The deputies continued Friday to review the draft budget law amendment removing the tax shield and reducing the ISF. As expected, they voted in Article 1 of the bill abolishing the wealth tax for estates of less than EUR 1.3 million and revised the scale for the highest wealth. Now between 1.3 and 3 million of assets, the rate of TFR will be 0.25% from the first euro over 3 million, it will be 0.5%.A discount mechanism will correct the effects of threshold to prevent the wealth around these new terminals are losers compared to the previous situation.

During the final debate, which were to continue late into the night or Saturday, the members have changed two important points of the original text of the government, which will have a direct impact on taxpayers.

30,000 euros per decade

Proposed by the Rapporteur-General Budget, Gilles Carrez, the shield will reverse charge from 2011. Specifically, beneficiaries under the shield of their 2010 income will be imputed directly to their ISF, payable before September 30. Until now, the reverse charge was voluntary, and beneficiaries of the shield receiving a refund check from the treasury for several months after paying all their taxes.By forcing taxpayers to deduct that amount directly from their ISF, the government is spared thus a new controversy over the amount of refund checks that were received by a few large fortunes during the spring 2012 presidential election in full.

In addition, Members noted the reduction in ISF for each dependent child (including the majors pursuing studies), raising it to 300 euros against 150 euros previously.

The second set of changes to the law on donations of money. On the proposal of the Government, members agreed to authorize the renewal every ten years of the exemption from transfer taxes on gifts less than 30,000 euros.Since the law Tepa the summer of 2007, it is possible to donate money to his children, grandchildren, great-grandchildren, or failure of issue to his nephews and nieces, without incurring tax (ie, without paying gift tax). And that, provided the donation does not exceed 31 865 euros and that certain rules are respected age. It's sort of a particular form of donation.

The government amendment relaxes the system. Thus, in case of gift to a child, the parent must have less than 80 years, and not, as now, less than 65 years. This threshold of 80 years is also one that is already applied to gifts to grandchildren or great-grandchildren. In addition, the amendment authorizes such gifts of money tax-free every ten years, whereas previously this could only be done once.The cost of this measure is estimated by the government between 20 and 30 million euros from 2017. It is in effect from that date that the first donors who benefited from this measure in 2007 will give back to their descendants. Good news however for holders of life insurance. Gilles Carrez's proposal to raise 20 to 25% taxation of life insurance in case of death, to the heritage of over 903 000 euros, was rejected.

The solemn vote of the Act is expected Tuesday.

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On Wall Street, futures contracts on the index set are on the downside, the Dow Jones future lost 0.25% and the S & P 500 future bending of 0.33%. The opening of the session should be marked by a decline after the wrong numbers of job creation in the private sector in the U.S. in May, published yesterday by the firm ADP. These statistics had already weighed on the Dow Jones yesterday, which had thus ended down 0.34% to 12,248.55 points.

Among the statistics to follow this Friday, the unemployment rate in the United States in May is forecast at 8.9%, a slight drop of 0.10 point compared to the previous month. Moreover, employment in agriculture in May should show a marked decline from its April level.Economists expect about 125,000 to 150,000 jobs reported last month, against 244,000 in April.

The Fed does not intend to undertake new measures to boost the economy, according to Richard Fisher, one of its members. In an interview with the Wall Street Journal this morning, the president of the Dallas Federal Reserve believes that "the Fed has done its job" and that if necessary additional stimulus measures, "they must come from elsewhere" .

The U.S. Treasury will sell the 6% that still holds in Chrysler to Fiat. The Italian will thus hold a majority stake in U.S. manufacturer. And the state will pocket U.S. $ 560 million.

Short-term domestic concerns will not prevent operators to remain vigilant regarding the conditions for aid to Greece as part of a new plan, unveiled in principle this afternoon personal business card.

Wal-Mart, Walgreen's and VeriFone to follow

As for values ​​to be followed, one eye will be kept open on Wal-Mart, which holds its annual investor day.

The good results published yesterday by VeriFone Systems should provide a nice progression of the title. The figures exceeded the consensus.

Walgreen announced today, before opening on Wall Street, the level of its sales in May: they rose 7% to 6.08 billion, up 5.6% on a comparable basis.Remember that the title had been boosted on Wednesday by a recommendation by UBS improved, which initiated coverage on the purchase of the title, with a price target of $ 51.

Chevron announced late yesterday that four people died in the explosion of one of its refineries in Pembroke. A fifth victim was hospitalized in serious condition.

relaxation on raw materials

As for raw materials, the pressure falls. In this sector, investors await OPEC meeting next Wednesday, which could lead to a decision by the organization to increase its oil production. Despite the many demands and frequent recently, OPEC had refused to put the issue of increased production in its agenda, and has been for four years.The markets will also tend ear to New York, where the French agriculture minister, Bruno Le Maire, must comment on speculation in commodities, at 18 pm (Paris time).

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Let say, and especially nothing to show. The Economy Minister, Christine Lagarde, is gradually converge to European support for his name to be the candidate of the Old Continent to the IMF management. Germany has not said anything officially, but if Nicolas Sarkozy presents his economy minister, Berlin's support says it in Germany.

The French may also receive other support weight this afternoon: the head of state held talks with British Prime Minister, David Cameron, and it could send a positive signal by this evening.

The strategy of the Elysee has evolved over the last few hours. Paris does not want to appear as the maneuver on this issue, as the image of France has been tarnished by the DSK case. We simply observe and thus encourage sub hand movements favor Christine Lagarde.

Especially, the executive is awaiting the outcome of the preliminary inquiry about the case Tapie conducted by the Court of Justice of the Republic, which is expected to fall by 4 to 6 weeks. This fits perfectly well with the international agenda: the G8 meeting next week in Deauville, under French presidency could send a first signal for a European candidate, the EU summit on June 23 and 24 could be an opportunity for Europe to appoint their candidate. Christine Lagarde has five more weeks to wait before knowing his fate: Washington or the Court of Justice of the Republic?

The Paris Bourse has hoisted the green flag on Wednesday, spurred by bargain hunting and foresight of a debt rescheduling Greek. At the close, the CAC 40 advances 0.92% at 3978 points. On Tuesday, the Paris stock exchange had closed sharply down by 1.21%. Only on the last four sessions, the Cac 40 lost nearly 3%.

Other major European stock markets followed the same trend: the Footsie-100 from the London Stock Exchange gained 1.07% to 5923.49 points and the DAX 30 Frankfurt Stock Exchange rose 0.65% to 7303.53 points .

Europe envisages a 'soft' restructuring of Greece

The option of a debt rescheduling Greek owned gaining ground in Europe. If Greece is making efforts, "we will see if it is possible to have a smooth restructuring of the Greek debt, said Tuesday the leader of the finance ministers of the eurozone, Jean-Claude Juncker.For Jurgen Stark, a member of the Board of Directors of the European Central Bank, a Greek debt restructuring would be a "recipe for disaster." Greece should "accelerate structural reforms" in particular to reduce the public sector, said his side on Wednesday the head of the IMF mission in Greece, Poul Thomsen.

In an interview with figaro.fr last September, the director of the Institute of High Finance, Philippe Dessertine, had said that if Greek debt rescheduling, "banks could again face a liquidity crisis . Therefore, they could no longer fund the financial markets.New tensions are therefore likely to appear on bank stocks. "

For now, investors seeking to reassure banks and bounce: Natixis gaining 0.93% to 3.80 euros, BNP Paribas takes 1.08% to 53.40 euros and Societe Generale advance of 0.41% to 41.92 euros.

On the macroeconomic front, the number of start-ups in April fell 18.3% to 42,984 compared to March, according to figures from INSEE.

United States, markets await the release of Fed minutes to 20 hours.

Oil bounces

On the foreign exchange market, the euro has stabilized at 1.4256 dollars at the close of trading in Europe, against 1.4234 dollars late Tuesday.

For their part, oil prices rose. On the New York Mercantile Exchange (Nymex), a barrel of light sweet crude for June delivery traded at 98.05 dollars, up $ 1.14 compared to the previous day.U.S. inventories of crude oil fell against all odds last week, said Wednesday the U.S. Agency for Energy Information (EIA). Crude inventories were down 15,000 barrels to 370.31 million. Economists on average had expected an increase of one million barrels. Gasoline inventories rose much less than expected, rising by 119,000 barrels to 205.94 million, against an estimate of an increase of 800,000.Total is 1.05% to 40.76 euros.

Telecoms weakened by the crisis of sovereign debt

Thales: +0.36% to 29.34 euros

On the occasion of the general meeting of the group, Lee CEO of Thales, Luc Vigneron, showed caution Wednesday to its shareholders as to the outcome of the discussions of asset exchanges in the defense with Saffron, who recently taken over a year after being interrupted for lack of agreement on their terms.

France Telecom: + 0.64% to 15.63 euros

France Telecom expects further consolidation operations or cooperation in selected markets in telecoms, driven by growing investment needs, "said Director of the French group's mobile activities.

In addition, Moody's has estimated that Telecom are very sensitive to macroeconomic conditions and notes some operators in European countries hit by the debt crisis (Greece, Spain, Portugal, Ireland) could be affected. Bouygues advance of 0.37% to 32.56 euros, Vivendi (SFR) is gaining 0.44% to 19.19 euros and Iliad (Free) is 1.54% to 86.97 euros

Unibail-Rodamco: 1.92% to 151.05 euros, the biggest increase CAC 40

Unibail-Rodamco has announced that the Chamber of Commerce of the Amsterdam Court of Appeal had ruled on the purchase price of 660,562 Rodamco Europe NV shares still held by minority shareholders. It has priced shares in Rodamco Europe 87.66 euros per share.Unibail-Rodamco will own 100% of Rodamco Europe following the decision.

Areva: + 3.27% to 30.16 euros

Areva and the Commissariat à l'Energie Atomique (CEA) announced the successful takeover offer simplified investment certificates (IC) cons of Areva shares. This will help convert the entire ordinary share capital. The listing of CI will be suspended from May 24

Peugeot: -0.22% to 29.75 euros

PSA Peugeot-Citroen on Wednesday the foundation stone laying of its third factory in China, according to La Tribune. Like the other two located in Wuhan, central China, the new plant should be able to start in 2013.Initially the plant will produce 150,000 vehicles and 300,000 from 2015.

Technip: 1.28% to 70.30 euros

Technip won a contract from BASF under the Partnership and engineering services for projects of chemistry and petrochemistry.

Atari: + 5.63% to 3 euros

Atari has announced its decision to sell Cryptic Studios, the development studio acquired videogames there is barely two and half years.

The Tanner: + 23.61% to 6.44 euros

Qatar Luxury Group has repurchased nearly 53% of the leather goods Tanner to 6.51 euros per share and will file a tender offer to purchase the rest at the same price in the days to come, said Tuesday the two entities.

After market, Soitec was to publish its annual results.

The law on the reorganization of the electricity market is now back on track. Tuesday morning, confirming the information of Figaro, Eric Besson, Minister of Energy, said the sale price of the EDF nuclear power to its competitors would rise to 40 euros per megawatt hour as of July 1 next, then 42 euro from 1 January 2012.This device, designed to boost competition in France will be considered in a fortnight by the Regulatory Commission (CRE), which must render a reasoned opinion.

Meanwhile, the government clearly adjudicated in favor of electrical lights: it was still estimated at 42 euros per MWh the full cost of nuclear power (operation, maintenance, future investments …), while its competitors, GDF Suez head, had set the bar at 35 euros, in line with the current regulated rates.

The reaction of GDF Suez has been immediate. The other French energy giant said that "this election will penalize customers who will experience increases for electricity prices." Convergence expected by 2015 between regulated tariffs and prices Arenh (restricted to nuclear power history) will increase mechanics first.The consumer association UFC-Que Choisir dread even price shock, "a rumor, according to Eric Besson, which I would like to help twist the fact."

Also in the eyes of GDF Suez, the high level of Arenh prevent the establishment of effective competition in electricity supply in France. In these circumstances, the group will study the consequences of that decision and the possible ways to overcome the narrowness of the market opening in the short term induced by the choices of government. "

Another competing operator EDF, Direct Energy (which serves over 600,000 clients), however, shows less severe. Its president, Xavier Caitucoli welcomes first that law enforcement has not been postponed, as had been discussed earlier this month. "After several years the French market was locked, the start of the competition has really come.At 42 euros, it is possible for a competitive operator, although it will be difficult, "he says.

Seasonality

Xavier Caitucoli, it should also not focus too much on the price of Arenh: "The product is also very important and the fact that the volumes of energy vary according to seasonality will make it attractive." Sub- understood: in winter, when electricity prices are very high on the wholesale market, Direct Energy will be able to provide through Arenh on much more interesting.

In this issue, which collects opinions shared, all players meet at least the fact that the accident Fukushima weighed a heavy weight."Somehow, the government has anticipated that the audit of EDF plants could lead to huge additional costs of maintenance and needed to be reflected in the selling price of electricity."

The law on the reorganization of the electricity market is now back on track. Tuesday morning, confirming the information of Figaro, Eric Besson, Minister of Energy, said the sale price of the EDF nuclear power to its competitors would rise to 40 euros per megawatt hour as of July 1 next, then 42 euro from 1 January 2012.This device, designed to boost competition in France will be considered in a fortnight by the Regulatory Commission (CRE), which must render a reasoned opinion.

Meanwhile, the government clearly adjudicated in favor of electrical lights: it was still estimated at 42 euros per MWh the full cost of nuclear power (operation, maintenance, future investments …), while its competitors, GDF Suez head, had set the bar at 35 euros, in line with the current regulated rates.

The reaction of GDF Suez has been immediate. The other French energy giant said that "this election will penalize customers who will experience increases for electricity prices." Convergence expected by 2015 between regulated tariffs and prices Arenh (restricted to nuclear power history) will increase mechanics first.The consumer association UFC-Que Choisir dread even price shock, "a rumor, according to Eric Besson, which I would like to help twist the fact."

Also in the eyes of GDF Suez, the high level of Arenh prevent the establishment of effective competition in electricity supply in France no fax payday loans. In these circumstances, the group will study the consequences of that decision and the possible ways to overcome the narrowness of the market opening in the short term induced by the choices of government. "

Another competing operator EDF, Direct Energy (which serves over 600,000 clients), however, shows less severe. Its president, Xavier Caitucoli welcomes first that law enforcement has not been postponed, as had been discussed earlier this month. "After several years the French market was locked, the start of the competition has really come.At 42 euros, it is possible for a competitive operator, although it will be difficult, "he says.

Seasonality

Xavier Caitucoli, it should also not focus too much on the price of Arenh: "The product is also very important and the fact that the volumes of energy vary according to seasonality will make it attractive." Sub- understood: in winter, when electricity prices are very high on the wholesale market, Direct Energy will be able to provide through Arenh on much more interesting.

In this issue, which collects opinions shared, all players meet at least the fact that the accident Fukushima weighed a heavy weight."Somehow, the government has anticipated that the audit of EDF plants could lead to huge additional costs of maintenance and needed to be reflected in the selling price of electricity."

Caution continues in Asian markets after China on Friday issued inflation figures at the highest since July 2008. The trend is more mixed, however, that Friday, some Asian stock markets start moving forward again.

This is particularly the case in Tokyo, with the Nikkei 225 rose 0.15% to 9605.55 points, despite the resurgence of the yen against the euro and the dollar and the decline of values ​​related to telecommunications after a negative Goldman Sachs, which found that the firm NTT would be difficult to assess the impact of the earthquake and tsunami of March 11 on its annual results.

Tokyo Electronic Power (TEPCO) continues to fall, losing 1.69% to 465 yen, after acknowledging that it would take six to nine months to cool down nuclear reactors.Since the earthquake and the earthquake of 11 March, the stock has lost 78% of its value.

So on Monday morning, the euro was quoted at 119.25 yen (-0.59%) and the dollar, yen 82.89 (-0.18%). Suddenly, the export values ​​recede: Sony loses 1.05% to 2435 yen, Sharp Corporation sells 0.78% to 755 yen, Renesas Electronics loose 2.99% to 712 yen and NEC dropped 1.70% to 173 yen.

Chinese banks must increase their reserves again

Chinese markets, the trend is increasing, but progress is measured. The Hang Seng in Hong Kong is 0.16% to 24,045.30 points and the CSI 300 Index gained 0.08% to Shanghai 3361.47 points.

A further increase in liquidity reserves was imposed yesterday for Chinese banks by the central bank's objective is to constrain the credit for the fight against inflation. This increase of 0.50 percentage points will apply as of Thursday.Since the beginning of the year, the Chinese central bank had already ordered three previous increases in bank reserves in China. Bank stocks rose on the stock market: Bank of China gained 0.68% to 4410 Hong Kong dollars, Bank of Communications ahead of 0.83% to 8440 Hong Kong dollars.

Oil prices recede

Elsewhere in Asia, with the exception of KRX 100 from Seoul, which fell by 0.27% to 4551.95 points, the indices move in the green. The S & P / ASX 200 in Sydney gained 0.44% to 4873.30 points. The BSE Sensex 30 Bombay climbed from 1.14% to 19,607.40 points and the FTSE Singapore Straits Times ahead of 0.29% to 3162.45 points. The Taiwan TAIEX is stable at 8716.77 points.

Oil prices were trending lower Monday in electronic trading in Asia on profit taking after last week's gains, dealers said.In morning trading, a barrel of light sweet crude for May delivery yielded 70 cents to 108.96 dollars. That of Brent North Sea crude for June delivery retreated 42 cents to 123.03 dollars.