Posts Tagged ‘world’

Reassured about the poison, Wall Street ended in the green

January 6, 2011 - 8:20 pm Comments Off

After long hesitation, the U.S. stock markets end on a small rise on Wednesday. At the close, the Dow Jones gained 0.27% to 11,723 points, the Nasdaq climbed 0.78% to 2702 points and the S & P ahead by 0.50% to 1277 points. The indices were displayed in the red in early trade but the trend was reversed in favor of two macroeconomic statistics found reassuring:

– Operators have learned earlier this afternoon, good numbers of the ADP survey on employment in the United States. Job creation in the private sector were almost three times more than expected in December. In total, 297,000 jobs have been created over this period, while the consensus expected 100,000.This increase is greatest over a month since 2001.This statistics were scrutinized by investors because they often foreshadow those of the monthly report on employment expected Friday, a major indicator to assess the strength of U.S. recovery.

– Moreover, the ISM index on the service sector stood at 57.1 last month, a highest since May 2006, while economists and analysts surveyed on average had forecast an index to 55.6. This is much more representative of the U.S. economy as the ISM manufacturing sector released Monday.

Retail sales climb

Also on the macroeconomic front, according to Retail Metrics, retail sales in the U.S., rose 3.4% in December over a year. This is their strongest growth since 2006 and the best month of the year for U.S. distribution.The snow storms that have occasionally affected sales, purchases by households after Christmas, were very dynamic.

More good news: the real estate office would have improved slightly last year. For the first time in 3 years, rental prices have increased slightly in the fourth quarter 2010 vacancy rate remains high (17.6%, the highest since 1993) and the prices are low (they were $ 25 average in mid-2008). But the stabilization or even slight recovery, employment benefits to this area.

Operators leave a little later the pessimistic talk of the Fed. In reporting its last meeting, it considers that the European crisis is one of threats to the recovery in the United States.

Facebook and Goldman Sachs in the crosshairs of the SEC

The side of values, Constable U.S. stock, the SEC decided to look at investment bank Goldman Sachs (+0.50% to 173.94 dollars) in Facebook, to ensure that it not circumvent the rules governing non-listed companies, says the Wall Street Journal. Under the current rules, dating from the '60s, when a private company reaches a threshold of 500 shareholders, it becomes compelled to disclose certain financial information. Many commentators saw in the investment of 500 million made by Goldman Sachs with the Russian group mail instant payday loan.ru a way for the community site to gain access to customers of the prestigious U.S. bank, while remaining below this threshold, and freeing itself from any limitations of transparency.Depending on the outcome of its investigation, the SEC could recast the regulations in force, according to the Wall Street Journal. For the regulator, the newspaper said, the challenge is to find a compromise between protecting investors and unlisted companies will have access to sources of capital.

Also note, the year 2010 has been very positive for automakers and marks the return of the Big Three U.S. automakers General Motors (+0.47% to 38.08 dollars), Ford (2.99 to 17%, 90 ollars) and Chrysler, according to figures released yesterday after the close of Wall Street. A total of 11.6 million vehicles were sold in the U.S. last year, up 11% year on year, according to provisional figures from Autodata.Manufacturers should respond to these figures.

Always on the side of values, also after market, the manufacturer of fertilizers Mosaic (2.79% to 77.09 dollars) has published its results for the second fiscal quarter. The group's profits climbed to over $ 1 billion, well beyond analysts' expectations. Turnover was up 59% to $ 2.7 billion is also above expectations.

In addition, the American designer of components for mobile phones Qualcomm (2.08% to 52.03 U.S. dollars) Wednesday announced the acquisition of its partner Atheros Communications (1.45% to 44.64 dollars), a specialist WiFi and Bluetooth connectivity, based on an enterprise value of $ 3.1 billion.

Annual gathering of consumer electronics in Las Vegas

The world of consumer electronics is preparing the opening Thursday of its big annual event in Las Vegas.This market is in full recovery is expected to reach almost one trillion dollars this year. Moreover, the Chinese computer manufacturer Lenovo introduced on Tuesday in Las Vegas a new hybrid version of its IdeaPad computer, a laptop running on Microsoft Windows 7 (-0.31% to $ 28) with detachable screen can turn into a tablet Android (Google (1.15% to 609.07 dollars). In the same sector, the U.S. Court of Appeals reinstated a verdict quashed in September thought that the software giant Microsoft guilty of patent infringement against rival Uniloc, but has not confirmed a significant financial penalty of $ 388 million.

In Europe a heavy presumption weighs manipulation on Google.This is evident first of questionnaires sent to European players of the Web by the European Commission as part of its antitrust investigation on U.S. Internet group.

Areva has completed its capital increase

December 29, 2010 - 4:52 pm Comments Off

Areva said on Tuesday the completion of its capital increase reserved to Kuwait Investment Authority and the French State for a total of about 900 million euros and the launch of the issuance of preferred shares without voting rights for a total maximum of 38,311,992.91 euros.

The operation was delayed several times, Monday received the visa of the Autorité des marchés financiers (AMF). It values Areva to 11.5 billion euros on the basis of its own funds and a prelude to a stock exchange listing of shares of French nuclear specialist by the end of the first half of 2011.

In its statement issued Tuesday after the close, Areva recalls how validated last week in general meeting, and stated that the subscription period for shares without preferential voting will be open from 3 to 14 January 2011 inclusive.

Appointment in January

"During this period, the subscription rights will be listed and traded on the regulated market of NYSE Euronext peers," added the group paperless payday loans. The settlement and listing of the preference shares without voting news is expected next January 27.

The state, which now controls nearly 90% of Areva, had initially set a goal to complete a capital increase of up to 15% before the end of 2010 with industrial and financial investors, for a total estimated at between 1.5 billion and 3 billion euros. But he had to resolve itself to participate in the operation up to 300 million euros as part of a fundraising much more modest than expected, even if other operations could come and complete it later.

(With Reuters)

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The political crisis dramatically raised Ivorian cocoa

December 4, 2010 - 11:08 am Comments Off

More tension builds in Cote d'Ivoire and investors panicked. Markets in London and New York, their panic leads to a surge in cocoa whose country is the largest producer and largest exporter. Market Liffe in London, the price of a tonne of brown beans for March delivery climbed on Friday to 1960 pounds, an increase of 5% within two days. Market-ICE NYBOT New York, the contract for the same maturity soared nearly 6% on the only day on Thursday, rising to 2,920 dollars per tonne.

"The army closed the borders by land, sea and air borders. There are now fears that shipments of cocoa are affected, "say experts at Commerzbank. The fear of exports halted at this time of celebration grows.The port of Abidjan, where normally a large share of world demand for cocoa, idling Friday.

Traders also fear wave of violence that threatens to hit all the country after an incident that left eight dead in a permanent party of Alassane Ouattara in Abidjan instant credit report. "The reports of violence have exacerbated concerns about the supply of cocoa, fell Sudakshina Unnikrishnan of Barclays Capital.

Tight supply

This complicated situation is being added to fears of a shrinking supply of increasingly sharp.According to the latest revised estimates of the International Cocoa Organization (ICCO), published this week, the deficit on the global market has grown to 82,000 tonnes in 2009/2010 completed in September.

But "the main crop of the year in Côte d'Ivoire has experienced a rough start so far, despite a good forecast issued before," added analysts at Commerzbank. All these tensions sharpen the appetite of speculative investors who come to feed the rising prices.

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Further delay in order for Boeing 787

November 20, 2010 - 11:08 am Comments Off

The 787 Dreamliner Boeing collects disappointments. The Boeing could announce seventh delay deliveries of the cargo plane competitor of the Airbus A380.

The boss of the Dreamliner's first customer – with a current order of 74 aircraft – said during an interview with Bloomberg that the failure of the last flight test and suspension tests for is "a major setback for Boeing . The leader considers the effect the fire occurred during a test flight last week will lead to further postponement of the output of the device. Steven Udvar-Hazy said he did not know when the device will be activated.

For its part, Boeing may announce a further delay until the process of investigating the incident on Nov credit reports free. 9 has not been completed.

First deliveries in 2012

An analyst with Morgan Stanley estimates that Boeing should not be able to deliver its first 787 until 2012 because the fire should lead the group to rethink new systems, says the specialist.

Initially, the Boeing 787 was due to enter service in May 2008. With 847 orders, the aircraft with 250 seats is the best selling unit of Boeing.

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Conforama interested Purpose

November 15, 2010 - 2:24 pm Comments Off

The King of pretenders to the repurchase of Conforama, a subsidiary of PPR, is continuing. Time interested in the resumption of specialist furniture, Austrian Lutz would have thrown in the towel, reported the daily La Tribune on Monday. Conversely, shareholders of Purpose, Colony Capital and Goldman Sachs, preparing to make an offer.

PPR is no longer a secret of its desire to separate from its retail brands (Conforama as well as the Fnac and Redcats via La Redoute), to focus on luxury. The transfer of Conforama could be the easiest to carry.

In fact, the British fund Permira would have increased its contacts with potential buyers in order to forge an alliance. In order to finance a costly operation since according to the Tribune, PPR would require a floor price of 1 instant credit reports.5 billion euros.The proposed solution would therefore by an alliance between the two brands, Goal and Conforama, which have always been in direct competition in France. Still, the competition authorities could face wince at such a comparison and require transfers to avoid situations of dominance in certain areas chanlandise. Goal of 215 stores in France with 9.7% market share. For its part, Conforama has 190 (14%), Ikea is in pole position (16.9%).

In exchange, the PPR is evolving to keep pace with the CAC down 0.56% to 114.76 euros in 10 hours.

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Hermes "is not for sale"

October 25, 2010 - 1:12 pm Comments Off

Hermes left his reserve Sunday night. Following the surprise announcement of an equity investment of 14 to 17% of its capital by the world leader in luxury, LVMH, the maker of the famous Kelly bags and silk scarves announced that its family shareholders is, with nearly three-quarters of the capital, a large majority and is "perfectly united."

As a reminder, 72% stake in Hermes is owned by 60 heirs of the founder's family. The management states that its status as a partnership limited by shares permitted to guarantee its independence and ensures that "no plan to sell significant capital" is considered.

Statements that are consistent with those of LVMH.The industry leader, which owns brands such as Vuitton, Givenchy and Kenzo, said Saturday, upon the announcement of his entry into the capital of Hermes, not wanting to take control of famous saddler but wanting to be a " long-term shareholder "and" help preserve the family character and French, which is behind the worldwide success of this iconic brand "low fee payday advance.

The operation is now the largest shareholder of LVMH individual Hermes. This operation comes as the market questioned the group's future, especially since the death in May of his former charismatic leader Jean-Louis Dumas.

The action Hermes jumped nearly 90% since January, and treated Friday night at closing 176.20 euros, valuing the company the sum of staggering 18.6 billion euros, or 46 times earnings expected this year, against 21 on average in the luxury sector and 11 companies lambda.

Stock Exchange on Monday morning, the excitement. Hermes shares climbed 4.54% to close at 184.20 euros, while LVMH shares leapt 6.62% to 117.40 euros.

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The CGT wants to hold the gas shortage

October 8, 2010 - 7:48 am Comments Off

Oil terminals in the port of Marseilles-Fos are always blocked by the port workers on strike for twelve days. The seven refineries are supplied by the terminals are close to the fuel.

The management of Total-La Mede said that if the strike continued, it would begin operations off Sunday. "Facilities that are already running at least will stop one after the other if there are no solutions found," said Marc Sarda, CGT to INEOS refinery.

The French Union of Petroleum Industries (Ufip) estimated Monday that the blockade of the terminals could cause supply problems in two to three weeks.

But deposits of refined products are now the target of the CGT who wants to organize the shortage of gasoline for "protest against port reform in the oil sector and defend the future of the refinery."

Striking employees of oil terminals and refineries were blocked yesterday morning the oil depot at Fos. "It does not, from Tuesday to block all deposits. It showed what could be done, "warned the union.

French morale improves slowly

September 29, 2010 - 5:24 pm Comments Off

The French are less pessimistic. According to the INSEE survey, consumer sentiment improved in September to -35 points. The index continued its slow recovery and has gained 4 points since June, but remains below its long-term. This new publication falls one day after a sawtooth consumption during the summer in France.

In detail, the French are more confident in the improvement of living standards in general (+2 points) on the evolution of their personal financial situation (+1 point). They are also more likely to agree that it is the right time to make major purchases (+4 points) paydayloans.

Fears of unemployment continue to dissipate. "After being kept at a very high level since October 2009, the balance of opinion has dropped 24 points in two months," recalls the INSEE, which provides that the balance of opinion remains above its average long term.

While households believe that inflation increases (+4 points), they are more likely to judge it appropriate to save (+4 points). "Households feel that their ability to save in the months ahead improved (2 points compared to July), also states INSEE.

Pharmacies called a "dead day"

September 27, 2010 - 11:40 pm Comments Off

Discontent grew visibly among pharmacists, already on strike for two guards and a half months. Tired of not seeing further their claims for their increasing financial difficulties with the government, two unions broke with the usual retention of the profession and organizing awareness campaigns.

The National Union of pharmacies in France, third union of the profession, and on Tuesday called for a "dead day". For this symbolic action, the green crosses will be extinguished and staff are invited to wear black gowns to attract the attention of patients on the "programmed death of local pharmacies," said Fred Lawrence, vice president of organization. Patients will still continue to buy their drugs.On 11 October, will be the second union of the profession, the Trade Union pharmacists, who will organize in Paris an action punch. "In ten years of existence, is the first time that our profession is launching a protest," said Gilles Bonnefond, deputy president of the USPO, lamenting that negotiations with the government "lying".

Unions have already been received by the Department of Health on September 15 but emerged satisfied from this meeting. "They are aware that the network is experiencing real difficulties, and no progress has been made on the main demands," said Frederick Lawrence, who also regrets that the next meeting is scheduled for 25 October. "The draft budget law for Social Security in 2011 will already be under consideration.Rather not move. "

A two-week closure

The financial difficulties of pharmacists raise a growing concern within the profession. Trade unions estimate that close to two pharmacies each week. Last year, "111 pharmacies were placed in safeguard proceedings, in receivership or liquidation, on a network of 22,500 pharmacies. Is small compared to other types of businesses but it's never before seen in our profession. "Confided Philippe Gaertner, president of the FSPF (majority), Le Figaro in August.

To remedy this situation, the unions want to change the system of margins decreasing, which has remained unchanged over the past decade: over the box of medicine is expensive, the higher the share granted to a pharmacist is low. However, sales volumes and prices for most cereals have fallen.However, unions do not agree on how to reform the system.

The FSPF UNPF and want to reduce the regressivity, while the USPO would rather increase the margin of cheaper drugs and put an end to large packages, which is to deliver the chronically ill a box with enough medication for three months instead of having them come back every month.This second solution would have the advantage of avoiding a waste – the boxes are never completely consumed and ensure proper monitoring of treatment by the patient, but the drawback would have to pay it more often 50 cents franchise per box.

The unions would also reach an agreement on the fee envisaged tasks other than selling drugs – monitoring of some chronic diseases, tips for "straightforward" cases do not require medical attention – as HPST law, passed in 2009 , offers this possibility.

The Nikkei soaring, Tokyo has acted on the yen

September 15, 2010 - 3:52 pm Comments Off

The Nikkei 225 of the Tokyo Stock Exchange rose 2.3% to 9516.60 points on Wednesday at the close on Wednesday, thanks to the unilateral intervention of Japanese authorities on the foreign exchange market, as expected, to limit soaring yen. This is the first time in six years that the Japanese authorities take such a decision.

Money Nippon beats record after record in recent days and has yet reached this morning to its highest level in fifteen years, less than 83 yen per dollar. At the time of the announcement, the Nikkei was briefly posted an increase of nearly 280 points (3%), approximately 9578.5 points, and to decline slightly.

The principals welcome the action of the Japanese authorities who decided Wednesday morning to sell mass-yen and buy dollars on the foreign exchange market to halt the rise of the yen.After the action of government, supported by the Central Bank of Japan (BoJ), the dollar rose sharply to 84.95 yen at 3:48 GMT before easing to around 84.85 yen.

Green Trend

Elsewhere in Asia, the trend is green, but in a moidnre. For example, the Hang Seng in Hong Kong gleaning 0.05% to 21,706 points. In Sydney, the S & P / ASX gaining 0.8% to 4663.6 points. In Mumbai, the BSE is 0.92% to 19,524.98 points. And in Singapore, the Straits Times up 0.46% to 3062.78 points.

In China, foreign direct investment rose 18.06% during the first eight months of 2010 compared to the same period of 2009, said Wednesday the Chinese government. Foreign firms invested a total of 65.96 billion dollars in China over the period January to August.The increase in August, however, represents a deceleration, the increase being 20.7% for seven months early months of the year.

The mining stocks sought

The values related to raw materials are frontrunners while gold reached a historic high. In Australia, the mining sector benefits greatly with, for example, Newcrest Mining, which is 5.47%. In Japan, Sumitomo Metal up 1.1%. In Hong Kong, Zijin Mining advanced 1.7% and Zhaojin Mining, 3.6%.