Posts Tagged ‘financial’

European shares nervous

July 13, 2011 - 2:40 pm Comments Off

Rain of bad news and stock prices in free fall: the equity markets reconnect with painful memories of that week. The day after a heavy fall session, the Paris Bourse continued to tumble Tuesday. The listing of the CAC 40, which was no longer available since 9:56, due to technical problems with NYSE Euronext seeks to determine the cause, took over around 1:35 p.m.. To 14h, the index was down 1.19% to 3762.10 points. The Paris index is so close to its lows of the year (3,696.56 points on March 16).

On other European markets, some markets reduced their losses: Milan fell by 0.50% in mid-session, Madrid from 1.47% and the London Stock Exchange fell back to 1.55% and Frankfurt 2.09 %.

On both sides of the Atlantic, countries are faced with concerns about the level of debt.In the eurozone, fears of contagion from the debt crisis, with Italy in its sights, spread. European finance ministers are trying to reassure the markets and say they want to "preserve the financial stability of the euro area" and "resist the risk of contagion" said the head of the Eurogroup Jean-Claude Junker. But after a meeting that had at a crisis meeting, the central bankers do not scaffold new plan. A lack of concrete severely punished by the markets. I

They however expressed their readiness to increase the size of the Emergency Fund financial.They are also considering a "lengthening of maturities of loans" made to allow more time for countries struggling to pay to reduce the interest rates of loans to Greece.

Meanwhile, the Portuguese economy expected to contract by 2% in 2011 and 1.8% next year, partly because of the austerity program that the country has committed to implement in exchange for financial assistance international, according to new forecasts from the Bank of Portugal.

And the problem of sovereign debt is a concern across the Atlantic. The U.S. president, however, has indicated a willingness to compromise, particularly on reducing the budget deficit.

As a result, the euro accentuated its losses against the dollar Tuesday, falling to levels seen for four months.Around 11:00 in Paris, the single European currency was worth 1.3930 dollars against 1.4029 dollars the night before.

Inflation and rising Livret A

The consumer prices in France rose 0.1% in June as in May, according to the National Institute of Statistics, an increase that has immediately led to an increase of 2 to 2.25% rate remuneration of the Livret A. Prices over the year were up 2.1% (after + 2%). Excluding tobacco, the increase is the same.

Rising prices of consumer goods in supermarkets rose 0.4% in June, after rising more pronounced 0.7% in May, INSEE said on Tuesday in a statement. OPEC will release today the release of its monthly report.In the U.S., we know the trade in May (1430) and then comes the publication of the minutes of the last Fed meeting (20 hours).

Banks in trouble

The sharp fall of the European banking sector marked a break in the late morning Tuesday, but this improvement technique does not dispel investors' fears of contagion from the debt crisis in Italy or Spain. A Credit Agricole, which fell nearly 5% to 2.33% leaves the opening in mid-session, followed by BNP Paribas which yields 1.32% and Societe Generale was down 0.92%. For his part gleans Natixis 0.40%. The conclusion was the same in Europe with a major Stoxx European banking shares down 1.39% against 5% at the close Monday.

Carrefour lost 3.56%.The group met with a setback in Brazil: the government no longer supports the project Carrefour to approach the local distributor Pao de Acucar, while the Brazilian National Bank for Development has agreed to support the funding. The transaction is challenged by Casino, already a partner of Pao de Acucar, which opposes the merger of the latter with its rival.

The title of the French car rental company short Ucar evolved sharply down on Tuesday for his first day of trading on the Paris Bourse, in a context of very difficult market due to the crisis in the eurozone. At 12:00, Ucar lost 5.31% to 14.1 euros.

In addition, Christophe de Margerie, CEO of Total (-1.8%), was "summoned" to Bercy by the Minister of Economy, Baroin. The goal is to take stock of the evolution of fuel prices. "A study published by Le Parisien suggests that oil tankers are quick to pass on price increases at the pump, which is less true for the declines.

Vivendi (-1.35%) may waive the tax Consolidated Global Profit, writes Les Echos newspaper Tuesday.

Publicis (-1.25%) announced Monday the acquisition of a controlling interest in the advertising agency DPZ, based in Sao Paulo.

Bull after falling 1.52% expressed the signing of an agreement with Carmat, designer of artificial heart, for the development of equipment for carrying artificial heart. And that's the whole electronics sector that folds.

For its part, the title of his new partner earns 7.83%, to 183.10 euros, having announced Carmat a capital increase of EUR 25.5 million.The operation is primarily intended to fund clinical trials in humans and manufacture of prostheses, for a first commercialization in 2013. The total artificial heart specialist has also submitted its application for authorization of clinical trials with the French health authorities (AFSSAPS). If approved, Carmat realize the first implantation in humans before the end of the year.

A consortium of six companies led by EDF EN, a subsidiary of EDF (0.43%) Monday formalized his candidacy for the tender that the French government has launched for offshore windEEN has partnered with Dong Energy, Nass & Wind Offshore Poweo ENR, wpd Offshore and Alstom.

Icade announced the signing of a put option for the purchase of seven clinics belonging to the private hospital Medi-Partners for $ 233 million.

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Drought: the vine does not suffer

June 16, 2011 - 10:36 pm Comments Off

Spring 2011 is the warmest spring (+2.6 ° C) since the beginning of the twentieth century, surpassing 2007 (+2.1 ° C) and 2003 (+1.8 ° C). The lack of rainfall between March and May 2011 (deficit of 55%) is also the largest before 1976 (46%) and 1997 (40%).

Result: the vine is ahead. Flowering, key moment, arrived three weeks early. According to the adage, the harvest takes place one hundred days later, the Beaujolais expects to harvest around 15 August, the Bordeaux and Burgundy in late August.

First question: the heat and drought are they harmful to the vine? In principle, no. The vine is a perennial plant with long roots, sometimes over 10 m, which are immune to the vagaries of weather: it is only the first foot of land that are dry.Only the vines suffer not worked and amended with very shallow roots.

We therefore takes a great vintage? Is going a bit far, because spring is not only the result. Moreover, in recent vintages hot, 2007 has not left a great memory, because the summer was wet and ruined the great hopes of the Champagne, Bordeaux and Burgundy, among others. Everywhere, 2007 are to drink, and only Sauternes and some great Rhone wines, especially side Chateauneuf-du-Pape, save the reputation of the vintage.

As for the 2003 vintage, with its very short growing season, it remains a curiosity, because with the hot clouds an average but the wines are of low acidity. At birth, the great Bordeaux had raised the enthusiasm of a few tasters, especially overseas, and prices had skyrocketed.But today, the big bottles are rare, first quantitatively, because the harvest was reduced, and they do not shine by their qualities. Those who blindly follow the sirens Bordeaux were fooled. It goes back to 1893 or to 1811 for a hot high quality, but primarily because the weather was dry.

Lower yield

Drought, it should not be confused with heat, produces other effects personal loans for bad credit. The concentration is generally at the rendezvous, but with diminishing returns. The year 1976, which is included in the collective unconscious with his "drought tax" does not figure in the pantheon of great vintages, came too late because the rain has swelled the grapes. In contrast, small droughts have resulted in some recent vintages, like 2005 and 2009.But not too much should not, because it can harden the wines, as in 2010.

For now, the drought of 2011 is not worrying at all, and the vine does not suffer. All the more she has spread the bloom in some places, which is still not a good sign for the quality of the vintage. If it lasts for another month or two, the vine will slow its growth and lead to smaller bays, resulting in a lower yield.

However, "until there is no rain, no need to treat, philosopher producer. The vines are planted on soils with good moisture capacity, which saves them. "Because, contrary to conventional wisdom, it is not enough sun and heat to make great wines, and even wine while short, seeing as Australian producers, who had been seduced by the warm valleys they are forced to abandon due to lack of water.Even with irrigation, there are no great wines in the deserts.

In the New World, the science of irrigation, source of many theses and a large number of studies, has made tremendous progress, but not enough to work miracles. Good wine, let alone the great wines, the result of a complex alchemy between the sun, temperature and water from the sky just as we must, with consummate skill and suspense.

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The mysteries of the bacteria killer who terrifies Europe

June 1, 2011 - 9:48 pm Comments Off

In recent days, European health authorities are engaged in a real police investigation and a race against time to trace the trail of a new epidemic. Prime suspect: a bacterium Escherichia coli, accused of causing bloody diarrhea and kidney complications. Yesterday, Europe accounted for 1 000 patients in Germany, England, the Netherlands, Switzerland, Austria. In France, six suspects, three of which the Germans are under investigation. All had lived in Germany. Fifteen deaths are regrettable in Germany, one in Sweden.

Where is the health survey? Is this really the cucumber?

At first, the deadly bacteria was traced to imported Spanish cucumbers in Germany. But the German authorities admitted Tuesday that the latest tests showed that the vegetable was not the offending bacteria.

Only the stool of patients contain Escherichia coli enterohaemorrhagic (EHEC). The hypothesis of a contamination plant is however maintained. Tomatoes and salad greens are suspected. The question remains: the vegetables have been infected in Spain, Germany, during transport?

Next Monday, all European health ministers meet in Luxembourg for an update. Francois Grossetete MEP, said "the need to label products to determine their origin."

What is hemolytic uremic syndrome (HUS)?

HUS is a severe complication, sometimes fatal, infections of the digestive bacteria Escherichia coli enterohaemorrhagic (EHEC) types of E. coli that produce Shiga toxin. After 3-7 days of incubation, these infections are revealed by diarrhea, which may be bloody.Nine out of ten patients recover within ten days. HUS occurs in 10% of cases, linked to the spread of the toxin. It is characterized by acute renal failure, anemia and thrombocytopenia (low platelets). This complication is fatal in 3-5% of cases, a patient care on two renal sequelae. One hundred cases are reported each year in France, mainly in children under 15 years.

How to transmit these infections?

Cattle that are healthy carriers, are the main natural reservoir. Transmission to humans is most often through ingestion of undercooked beef (hamburgers, for example) or products containing raw milk. Water and other foods like vegetables contaminated by feces, can also be a source of infection. A direct human transmission is possible.Many serotypes of EHEC are identified, the most common is O157: H7.

What previous epidemics?

The first two outbreaks due to these producers shigatoxin coli were reported in 1982 in the United States. In total, about fifty people were infected with E. coli O157: H7 via hamburgers. In 1996, Scotland, over 500 people who were victims of the same serotype, also by eating beef. The largest epidemic was recorded in Japan in 1996. More than 9400 cases and 12 deaths had been identified, contaminated radish sprouts. In 2000, Canada, 2000 cases of infection were identified among the 4600 inhabitants of the town of Walkerton.In this area of ​​intensive farming of cattle, the infection was transmitted by drinking water.

What precautions should I take?

In general, these bacteria are destroyed by heat, "two minutes at 70 degrees or 100 degrees a minute," says Professor Patrick Berche, microbiologist (Necker Hospital, Paris). Currently, there is, in his view, no reason not to eat raw vegetables. "The only precaution is to wash your hands before and after preparing raw vegetables, and wash vegetables and fruit, possibly with hot water," he insists.

What is special about the current epidemic?

The first is the serotype in question, O104. "It's fantastic, I have not had a case several years ago, said Professor Edouard Bingen (Hôpital Robert Debré, Paris), whose laboratory is associated with the National Reference Center for E.coli-Shigella. This serotype O104 has been the source of an epidemic in the United States in 1994. "It's odd to have a highly virulent strain and immediately resistant to powerful antibiotics such as cephalosporins," adds Dr Berche. Moreover, the current epidemic affects mostly women, while the hemolytic uremic syndrome usually involves children. A difference that, according to Professor Bingen, may be related to the origin of infection: the hamburger more often, raw vegetables in this case.

Taxation: What you should learn from reform

May 17, 2011 - 3:40 pm Comments Off

Are eagerly bank customers waiting for private management is unveiled details of the proposed tax reform heritage. "They questioned us in pressing for months," says one private banker. Since last week and the presentation of the draft supplementary budget for 2011 in the Council of Ministers, the rules are clear. The schedule also: This year, the declaration and payment of ISF will not take place June 15 as usual, but on September 30. Starting this year, 300,000 taxpayers, those whose heritage is less than 1.3 million euros, will escape the tax.

For others, those with assets less than 3 million euros this year will be the last to engage in the tedious exercise of the declaration of ISF. From 2012, they will transfer the amount of their assets directly on their tax returns.For those whose heritage reaches or exceeds 3 million, the statement remains EWB.

Life insurance is not affected

Engineering heritage, a time in abeyance, will be able to resume its course. Implement a heritage strategy in recent months faced many questions, the exercise becomes easier, the horizon being clarified.

Sales of products défiscalistation (FCIC or FIP to reduce the TFR) should also leave. "Everything was frozen, pending sales were" recognize the asset managers. Same thing for donations to foundations that permit, they also reduce tax liabilities. There remain four and a half months to work and SMEs to raise capital from those who want to reduce the TFR to pay late September.But both the others must expect an ebb this year, since the number of persons subject to the TFR will fall by more than half.

Contrary to what had been feared, the overhaul of the taxation of wealth has not dented the investment fetish of the French life insurance. Its taxation is not cured. "Life insurance has even become an added attraction in terms of succession to the heavier side of the gift and estate," notes the Grandière Bertrand, head of engineering heritage in La Compagnie Financiere Edmond de Rothschild. Indeed, the most important heritages will see fees increase from 35 to 40% for taxable gifts and estates of between 902,838 euros and 1,805,677 euros per share (in excess of this amount, the rate increased from 40 45%).For these taxpayers, the life has more meaning than before.

Fears over the taxation of real estate gains are also lifted. Nothing changes except for non-resident owners of second homes in France. They will now pay a 20% tax on the rental value of housing register. "One way to help finance the national public services," says one at Bercy. For owners subject to the ISF for their principal residence, the reform can erase the boom in property prices.

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Resuming Cac 40, which found the threshold of 3900 points

April 20, 2011 - 3:44 am Comments Off

In Paris, investors want to turn the page on Tuesday, while the day before the European and U.S. indices were trembling face the prospect of lowering the debt rating of long-term United States from the rating agency Standard and Poor's. At the opening, the CAC 40 gained 0.48% to 3899.68 points. The index has increased its Paris flagship gains the whole morning to show an increase of 0.79% to 3919.11 points in mid-day. The goal of returning to 3900 points is atteint.Un threshold is exceeded after the opening happily in the green on Wall Street. At 16 pm, the CAC 40 is trading at 3920 points (1.02%).

In Germany, the DAX index of the Frankfurt Stock Exchange at mid-session gaining 0.43% to 7057 points and in the UK, the FTSE-100 index gaining key values ​​0.61% to 5905 points.

The session is facilitated by a series of publications.This morning already, Essilor, Faurecia and Zodiac unveiled their quarterly sales figures. Tonight, one of L'Oréal is expected. Side economic figures in France, activity in the private sector has increased sharply in April, supported by the services, whose growth reached its fastest pace for over ten years, according to preliminary results of the survey Markit among purchasing managers released Tuesday.

European side, new registrations of passenger cars fell 5% in March on a year within the European Union (EU), show figures released Tuesday by the European Association of Motor Vehicle Manufacturers (ACEA). However, sales have increased in most European markets, notably Germany and France, which recorded a sales gain of 11.4% and 6.1% respectively.

Current accounts of euro area were in deficit by 7.2 billion euros in February, seasonally adjusted data, according to figures released Tuesday by the European Central Bank.

In the U.S., housing starts stand at 549,000 annual rate, while the market was expecting 520,000 after 512,000 in February (revised from 479,000). They display and a recovery of 7.2% over one month after a decline of 18.5% in February.

On the currency front, the euro fell sharply against the dollar on Monday night, however briefly falling below $ 1.42, weighed down by renewed concerns over the debts of the most fragile countries in the euro area, although United States have themselves received a stern warning.On Tuesday morning, the euro resumed at 0.11% 1.4243 dollar.Le oil also fell back after a warning from Standard & Poor's, but the situation in the Arab world will continue to drive prices upward

Faurecia and fly Zodiac

Side values, EDF (5.35% to 28.06 euros) headed the CAC 40 in mid-session. The redemption price of electricity to EDF's competitors is set at 42 euros on 1 January 2012. Eric Besson, Minister of Industry has confirmed the news Tuesday morning on Europe 1.

Faurecia is gaining 4.57% to 25.83 euros.Le group saw sales rise by 24% in the first quarter versus the first three months of 2010, an increase of 15% on a comparable basis.

Zodiac climbed 5.40% to 52.87 euros.Zodiac Aerospace announced Tuesday it raised its forecast operating margin for the year 2010-2011 after having almost doubled in the first half thanks to the recovery confirmed the aviation sector.

LVMH (4.24% to 114.40 euros) saw sales growth accelerate in the first quarter despite the earthquake and tsunami that struck Japan on March 11, while analysts had forecast a slowdown Growth of global luxury goods giant.

Michelin (2.01% to 60.88 euros) announced Monday the signing of a Memorandum of Understanding with the Chinese groups and Double Coin Huayi for the creation of a joint venture dedicated to the production of tires for the Chinese market.

Essilor advance slowly from 0.80% to 55.13 euros.Specialist ophthalmic equipment has confirmed its annual targets by announcing Tuesday an increase of 13.4% of its turnover in the first quarter thanks to its good performance in Asia and Latin America.

Archos tumbles

Edenred (-0.79% to 20.17 euros) announced an increase in its turnover and volume of issuance in the first quarter thanks to strong performances in Latin America, while those in Europe are more mixed.

Soitec (+0.09% at 10.66 euros) reported an increase of 34.4% of its turnover in 2010 thanks to a rebound in demand in the fourth quarter and expects a EBIT "slightly positive" for the year.

The manufacturer of glass bottles Verallia, a subsidiary of Saint-Gobain (+0.38% at 43.80 euros), announced Tuesday it had filed with securities regulators its core document, the first stage of its introduction on the TSX Paris.

Audika (1.88% to 20.55 euros) has confirmed its target of annual sales by announcing an increase of 8.6% compared to the first quarter of 2011.

Guyenne & Gascogne (0.90% to 94.95 euros) posted a turnover up 4.5% in the first quarter of fiscal 2011, mainly supported by higher fuel prices in during the period.

Le Noble Age (-2.80% to 14.92 euros) has reported a 11.3% increase from its operating revenue in 2010 to 179.9 million euros and said it expects to 2011 on an increase of 7% at constant perimeter.Its operating profit gained 30.3% to 17.2 million while the group of nursing homes and health facilities was counting on $ 16 million.

April Group (+0.40% to 21.30 euros) on Monday announced the acquisition of the Elco, based in Montreal, a broker specializing in risk of damage for which the activity represented 10.5 million euros the last year. Elco, which employs 80 employees, will be consolidated into its accounts from 1 April.

Theolia (-5.63% to 1.34 euros) announced Monday it had charged an operating loss in 2010, hit by a major disposal plan that has sealed its production of electricity for its own account.

The French designer and distributor of consumer electronics Archos (-14.77% to 7.33 euros) will launch a capital increase of 26 million euros to support its growth.

L'Oreal will publish tonight after the close of trading in its quarterly revenue and Spir Communication, and Transgene aufeminin.com.

The Empire State Building to the extent of punters

April 17, 2011 - 11:56 am Comments Off

Malkin family, which controls the majestic Art Deco skyscraper overlooking Manhattan, plans an IPO for a new real estate company that will include the building of 106 floors. Everyone would theoretically invest in the tower of 381 meters climbed by King Kong film from 1933.

Still be there as Malkin cross some obstacles. In particular, obtain the consent of the heirs of the millionaire Leona Helmsley, their main partners, and about 3400 other co-investors. In the middle of New York real estate, we can already imagine the rat race. But Malkin has proven, since their takeover of the skyscraper five years ago after a bitter struggle with the eccentric billionaire Donald Trump, they had flair guaranteed payday loans.They restored the decorations of the Art Deco lobby, added a touch of green in the older building will reduce energy consumption by 40% and, especially, more than double the rent of offices, which remain among the most prestigious Manhattan.

At a time when the real estate sector rebounded in New York thanks to foreign clients, it might be a wise investment. Still, co-owner or not the Empire State Building, it will always pay $ 20 at the entrance to climb up.

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The economic and social challenges of Mayotte

March 31, 2011 - 4:52 am Comments Off

Earlier this year, the head of state went to Mayotte in anticipation of the creation of the 101st French department. For the 186,000 inhabitants of the island, the promise became a reality this Thursday, March 31.

If 2010 has prepared the process of departmentalization, Mayotte has a long way to go. The economic and social challenges are enormous. Economic First, because the island is in a difficult situation. The written conditions of the Institut d'émission des overseas (IEDOM, relay Overseas Bank of France), published recently, last year was particularly weak in all sectors (including agriculture, construction, trade). The labor market continued to deteriorate, consumption fell, as imports.In short, Mayotte had a year 2010 "morose" and, apart from a little less poor prospects in tourism, "in 2011 gave no indication of genuine improvement", said the new director of the IEDOM, Nicolas de Seze.

Development Fund

Social challenges then, as the island is facing significant migration flows. The proportion of foreigners, mostly from other islands of the Comoros – who come to find work, join relatives, to qualify for the schooling of their children or for treatment – from 15% in the early 1990s to nearly 41% in 2007, fell within the central bank in a previous study savings account payday advance.The vast majority would be illegal.

The cost of illegal immigration has been estimated in a Senate report from 2008 to 32.4 million euros for national education and 30 million for health services – more than 3.3 million on the fight against this immigration (police, gendarmerie …). Excluding the cost of moonlighting.

New French department, Mayotte "will benefit from development funds relatively large," recalls Will there be IEDOM. Another issue will then arise: "The ability to use knowledge. The real problem is there. We need a real project management for projects, it will take time. "There must then be the private sector take over public investment. Not a small feat in a country where, today, produce is more expensive than importing "…

The French market for the hearing has yet to conquer

March 18, 2011 - 9:48 pm Comments Off

The arrival of Alain Afflelou on the French market for hearing aids confirms a recent diversification of industry players, after opening in 2009 by the Leclerc group's first store Audition E. Leclerc. Today the market is still very fragmented, with nearly 1,351 independent hearing aid on the 3395 French centers. Nevertheless, the concentration is on, with specialized groups that develop their own network, often a sudden external growth accelerated. Among the most important, French Audika represents 11, 9% of centers (406), followed closely by Italian Amplifon (9.4%, or 321 centers). Following mutual centers with 291 retail outlets, and signs cooperatives (Hearing Health Hearing, Audio 2000 …) with 1026 centers.Finally, beyond the general logistics, opticians that are Grand Hearing, Optical Center and more recently Alain Afflelou want to focus on issues of health carriers.

Audika is by far the best known

The group is best known in France Audika, created by brothers Tonnard the mid-1970s. Its leaders have relied on such marketing campaigns are very active. With Robert Hossein, ambassador of retail chain for 10 years, Audika has also greatly increased his reputation among those 60 years and over, bringing to 71%, far ahead of his Italian counterpart Amplifon which is just over 26% on the same population category.The group spends an average of 7% of its annual turnover in the development and improvement of marketing materials (national advertising on radio and on TV, online marketing, offering testing, direct marketing, event image …)

Sector auditing is carried by positive trends in France and in most European countries, the first of them being an aging population fast payday loan no faxing. However, unlike other types of device (glasses …), it is much more sensitive to economic conditions, as many less well-reimbursed by social security. For example, a device for both ears costs on average 3,200 euros, and will be reimbursed only up to about 10%. What a wait encourage seniors and hard of hearing in the context of economic crisis.Audika has also regularly highlighted as a factor in the slowdown in growth over the last three years. The group next week will detail the accounts of the past year, but already announced a withdrawal of its sales from 0.8% to 105.7 million euros (-4.4% at constant number of centers.

Elsewhere in Europe, demographic trends are also sector growth, while the rate remains the highest gear that the Danes, with about 50% deaf. In Italy there is now barely 1,500 hearing correction centers, almost cons 4000 in France, for a population of just below 6%. This facilitates beyond redemption centers Alpine also many independent, accelerating the creation of outlets.

Technological advances needed

Match or remains taboo, especially for younger seniors (age 50), which is still a psychological brake to purchase, in a context where power is often equated with disability. Hence the importance for these groups, as well as their manufacturers, to work on the miniaturization of devices and discretion in order to rejuvenate the heart of their target clients to the fifties, and bet on a rate of equipment in France still low, with only 17% of the 6 million hearing impaired equipped in France.

Japan's economy paralyzed after the quake

March 11, 2011 - 1:16 pm Comments Off

The most powerful earthquake which claimed the North-eastern Japan early this morning has an impact on the Japanese economy. Before long, the Nikkei has literally collapsed, the yen has fallen and the country is, for now paralyzed.

In fact, air transport and railways have stopped Friday in much of Japan. Traffic was stopped in the major airport of the archipelago, at Narita, in the Tokyo area, where services were checking the status of airport runways. Shinkansen express trains were immediately arrested throughout the northeast of the archipelago, and highways in the Tokyo area closed a few minutes after the earthquake.

Similarly, the markets, the response is immediate. The Japanese currency fell against all the eight major currencies.The Japanese currency is thus dropped to a low of two weeks against the dollar at 83.30 yen to the dollar and 114.98 yen per euro after issuing a first warning to the tsunami.

The index of the Tokyo Stock Exchange, the Nikkei 225, has accelerated its losses late in the session. The benchmark index of the place of Japan and ended lower by 1.72%

It must be said that the disaster – which worsens progressively transmitted information has been particularly violent. The quake had a magnitude of 8.8 at 6:46. A scale rarely observed. Waves of 4.2 meters swept the Pacific Coast. Japanese TV shows and soon after the earthquake has made "many injured".

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Anne Lauvergeon cons-attack

March 10, 2011 - 6:00 am Comments Off

Anne Lauvergeon is everywhere. The CEO of Areva, whose term expires June 30, has officially applied for membership in its own succession last December 6. But only a few days since she does publicly campaign – a term she hates the rest.

Tuesday Women's Day, which runs Areva decade has accelerated its cons-offensive with two television studios and a radio program. Areva, the world's nuclear group appears to have become "too serious for a woman, she amused herself Tuesday night on France 2 at a roundtable on the role of women in business.One way to suggest that there is some sexism in the attacks is the subject for months if not years.

Thursday, March 3, presentation of annual results of the group had already been an opportunity seized by Anne Lauvergeon of his arguments. With undeniable skill, ex-sherpa Mitterrand has made 2010 accounts Areva – marked by the first operating loss in its history – the bedrock of his ambition. According to Anne Lauvergeon, now that the efforts will pay. And Chair of the Board does not see why another would "reap the fruits" of his work.

Another argument: Areva is a highly strategic activity, for which experience is essential."This is not a working postmaster, anyway," she said March 3.

Better yet, his supporters on the frontline, as the president of the U.S. utility Duke Energy, which has cracked open a letter. "The French government has demonstrated long-term strategy when it invested in nuclear power in the 1970s and again when he appointed Anne Lauvergeon at the head of Areva, a decade ago," wrote Jim Rogers. The never-seen!

The best Spinetta

The assurance of Anne Lauvergeon, repeatedly given party against his will, in more than one surprise. In the camp – many – opponents of Anne Lauvergeon, it admits flabbergasted by the "cheek" of the "endgame." But a few days or weeks of the final decision, the situation has changed a bit. In this highly political issue – to be decided ultimately by the Elysee – the president of Areva has regained support.Or rather, opponents of weight moved away. Borloo First, during the reorganization in November: "He was our minister, but to believe that he flayed his mouth to utter the word 'nuclear'" notes-there in the entourage Areva.

Claude Gueant then: the former secretary general of the Elysee is now Minister of the Interior. Near Henri Proglio, president of EDF in cold – fleece – with Anne Lauvergeon, it will weigh less in this case. By contrast, François Fillon and Christine Lagarde, considered to support the president of Areva, are still in office.

Jean-Cyril Spinetta, the chairman of the supervisory board, is also a true ally. He never formally expressed on the subject, but he linked his fate with that of Anne Lauvergeon.At the general meeting of shareholders on 27 April, ten of the fifteen members of the supervisory board came to the end of their mandate. If Jean-Cyril Spinetta is renewed, it will bode well for Anne Lauvergeon.

As for the list of candidates submitted to the government would have the same Jean-Cyril Spinetta, it follows a path somewhat hypothetical. Arrested for one, updated in real time … Several other names, still the same, have been circulating for weeks. "Anyway, anyway, everything is played in the office of Nicolas Sarkozy, looking into his eyes," suggests one observer. In the meantime, Anne Lauvergeon trusts that the game remains open.