Plastic Omnium wins a contract with Audi, the title jumped

Plastic Omnium said Thursday it had won, through its subsidiary, Inergy Automotive Systems, a contract to supply from 2015 to Audi system to reduce emissions of nitrogen oxides for engines diesel (SCR).

This order represents an annual volume of 500,000 SCR systems for a estimated turnover of 500 million euros over the life of the vehicle, said the e quipementier car in a statement.

Around 11, the title won 3.63% to 21.13 euros, and signing one of the highest increases in the SBF 120 (0.07%). Stoxx index of auto sector was down 0.58% on his side.

"While this is great news n'impactera the group accounts as from 2015, it nevertheless proves that its focus on reducing emissions and 'relief of the vehicle makes sense, "said in a note CM-CIC Securities.

"We believe that the group has the necessary weapons to continue to grow revenue while maintaining its good fundamentals (…)", added through the purchase of the title.

The value also has a remedial purpose, Plastic Omnium has fallen by nearly 16% between late July and February 1, against a decline of 10% of Stoxx index automotive sector.

Cameron mocks Sarkozy's Tobin Tax

With this measure unilaterally decided by France, the UK will host "several French banks," mocked the British prime minister Monday. Meeting between David Cameron and Nicolas Sarkozy at the Elysee December 2, 2011. <p> British Prime Minister David Cameron mocked Monday Nicolas Sarkozy's decision to unilaterally introduce a tax on financial transactions, believing that by this measure, the UK would host "several French banks." " / p> "I find it incredible that we can do this," said Mr. Cameron about Mr Sarkozy's decision to introduce this tax without waiting for its European partners. "As we fight for jobs and growth, do something that cost so many jobs seems extraordinary," he said during a press briefing on the sidelines of a summit of 27 countries of the European Union in Brussels. </ p> "And in a healthy sense of competition with France, if France a tax on financial transactions, our door is open and we can welcome UK banks and many more French companies, and our economy will grow, "Mr Cameron joked. </ p>" I am full of admiration for Nicolas "<p> While noting that they were disagree on certain issues, he described the French president as "remarkable man" and recalled their collaboration during the war in Libya. "I wish the best to my friend Nicolas," he added, in response to a question whether, as German Chancellor Angela Merkel, he would campaign for re-election of Mr. Sarkozy. </ P> "I am full of admiration for Nicolas. From time to time he said something with which I do not agree, as when he said that Britain has no industry, as we have an industry larger than France, "he said. </ p> M. Cameron was referring to comments made Sunday night by Mr Sarkozy during his interview broadcast by French television channels. "We can talk in the UK with pleasure, the UK, they have more industry", launched the French President. </ P> Relations between the two men are strained these recent months. The EU summit in late October had already been the subject of a frank explanation of them, M. Sarkozy irritated during a meeting that Mr. Cameron gave lessons to the euro area over the course of action. </ P>

Like the European stock markets, Wall Street soared Monday, gaining more than 4% in response to the coordinated action announced by the major central banks to maintain liquidity in markets shaken by the debt crisis, a measure that removes the specter of a global recession.

The Dow Jones industrials gained 30 4.24% or 490.05 points at 12,045.68. The S & P-500, wider, took 51.77 points, or 4.33% to 1246.96.

People's Bank of China (PBC) also supported the rating, reducing the reserve requirement ratio for the first time in nearly three years to ease tensions in the credit market and to give back up to an economy that knows its lowest growth rate maintained since 2009.

Investors were also reassured by the larger than expected number of jobs created in the U.S. private sector – 206 000 130 000 in November against expected – and one PMI purchasing managers in the Chicago area well above expectations.

BNP Paribas will eliminate 1,396 jobs in its banking activities and investment (BFI), or about 6.5% of the pole, told Reuters on Wednesday representatives of the CFDT union SNB and banking, to Following a meeting with management.

Downsizing of the BFI, which will be built through internal redeployment and voluntary redundancies, 1023 for positions abroad and 373 positions in France, said the two unions.The CIB division of BNP employed approximately 21,400 employees worldwide at the end of September, according to information available on the website of the bank.

The job cuts at BNP Paribas occur the day after a similar announcement of Societe Generale, which plans to reduce its workforce by bank and investment of several hundred jobs.

"BNP Paribas has announced a plan for job cuts is, in the world and only for bank financing and investment, 1396 jobs," said Joel Debeausse, deputy national delegate of the union SNB.

"It's 1023 posts for the world, there is no breakdown by country, and 373 for France," he added.

The number of jobs created was below expectations in the United States in October but the unemployment rate fell to 9.0%, a low of six months, and the upward revision to job creation August and September suggests that the labor market found strength.

The number of jobs created was 80,000 last month, while economists predicted 95,000. But the months of September and August, that number was revised up and give 102,000 more jobs than previously announced.

The unemployment rate fell to 9.0% against 9.1% in September.

The private sector added 104,000 jobs in October, while the public sector lost 24,000.

Already stung by the latest developments in euro area markets have also been faced with the announcement of a further slowdown in manufacturing activity in China and the United States has accentuated the negative sentiment in the markets.

COR-No decisions but work in Brussels

No decision will be announced following the summit of the euro area held late Sunday afternoon in Brussels, even if the work is progressing well, said Nicolas Sarkozy and Angela Merkel.

French President and German Chancellor, speaking at a joint press conference after a summit in the first twenty-seven on Sunday morning and noon, said the work "techniques" were still to be completed by the next level of the EU and the euro area on Wednesday.

"Work is progressing well on the banks of the fund and the potential use of this fund are tightening the assumptions and broad agreement is taking shape.On the issue of Greece things are progressing.

The transformation of the European Financial Stability Fund (EFSF) in the bank, which insisted on France, no longer part of the options considered by the finance ministers of the euro, has also said Angela Merkel.

Without commenting on this issue, Nicolas Sarkozy said that France was just as attached as Germany the independence of the institution in Frankfurt, which is itself hostile to the possibility of granting a banking license and Unlimited funding EFSF.

"No solution is viable if it does not have the support of all European institutions," said Nicolas Sarkozy.

The two leaders also said they urged the Italian Prime Minister Silvio Berlusconi, with whom they met ahead of the summit, for it to decisively implement a program of growth and debt reduction Alps.

"I hope that decisions will be taken (…) Italy is a major economic force but Italy has a very high public debt should be reduced in a credible way in the coming years," said Angela Merkel.

Nicolas Sarkozy has outbid by saying that Paris and Berlin were "confident sense of responsibility of all the Italian authorities' political, financial and economic," said Nicolas Sarkozy.

Dexia launches finalizing its dismantling

The Board has mandated Dexia CEO Pierre Mariani to complete the dismantling of the group through the sale of the majority of its subsidiaries, said Thursday the Franco-Belgian bank in a statement.

The administrator of the banking group have also confirmed the sale of Dexia Bank Belgium to the Belgian State and the sale of Dexia Municipal Agency for Deposit and La Banque Postale.

Dexia held Wednesday evening for a board to implement the new rescue plan for the Franco-Belgian bank, bank first victim of great importance to the crisis of sovereign debt in the euro area.

Dexia has officially launched the sale of the Turkish subsidiary DenizBank, Dexia Asset Management and RBC Dexia.

Barroso wants to end the unanimous vote in Europe

The President of the European Commission wants to generalize the majority vote, while Slovakia has threatened to block the strengthening of the European Financial Stability Fund (EFSF). The President of the European Commission Jose Manuel Barroso (here at a press conference in Brussels April 13, 2011)

The President of the European Commission Jose Manuel Barroso insisted Thursday that the euro area plans to end the rule of unanimity in its decision-making, while the future of EFSF is suspended from the single vote of Slovak deputies. "I respect the sovereignty of a member state of our Union," Barroso said about the Parliament of Slovakia, during a press conference after a meeting in Brussels with Prime Minister Danish Helle Thorning-Schmidt.

But "I hope that this Parliament also respect the sovereignty of the other 16 (Monetary Union countries) who are waiting for decisions to be made" and which have already ratified the strengthening of the Relief Fund of the euro area, the EFSF , said Barroso. The Slovak parliament meets Thursday to prepare the way for a second vote on the anti-crisis instrument in the euro zone after a negative vote on Tuesday that caused a government crisis. In this context, the President of the European executive reversed its recent proposal to end the requirement for unanimity in some decision-making.

This applies for example to all measures related to the financial rescue for the troubled country in the euro area. Brussels would prefer a system of qualified majority voting."Is not it strange that when the IMF makes decisions he makes a qualified majority, whereas in the euro area member states that share a common currency are bound by the rule of unanimity?" S is questioned Mr. Barroso.

"This is something we must look to the future," he added. "This is an extremely important institutional point of view, we must have a system of decision-making more effective in the euro area and the EU if we are to be credible with respect to markets and investors, "he judged.

The U.S. economy created more jobs than expected

The U.S. economy has created far more jobs than expected in September and the new posts of previous months have been revised upwards, according to official statistics released Friday that could mitigate fears of a return to recession.

Last month, 103,000 non-farm jobs were created, according to the Labor Department, while economists on average expected 60,000 creations.

The unemployment rate was unchanged from a month to month to 9.1%, in line with analysts' expectations.

The right numbers in September are based in part on the reintroduction of 45,000 employees of Verizon in the number of jobs created, they were not in August because of a strike.By excluding these employees, 58,000 new jobs were created.

Statistics disappointing August, which reported zero job creation, for its part has been revised to bring out 57,000 new jobs. That of July was also revised upward to 127,000 against 85,000 previously.

Overall, the private sector has created 137,000 jobs, 100,000 against and 42,000 expected in August. The public sector has eliminated 34,000 jobs to him.

RELIEF

These employment figures are one more sign that the U.S. economy could avoid falling into recession despite a sluggish summer.Last week, the growth of U.S. gross domestic product in the second quarter was revised up to 1.3% against 1.0% in the first estimate.

Recent indicators of the manufacturing sector, business spending and auto sales leave now think the economy is doing better than expected third quarter.

Hourly wages have also increased by 4 cents in September after falling all the previous month.They then recorded their first decline since October 2009, pushing the savings to its lowest level for over a year and a half.

"The increase in job creation and revisions of the statistics is comforting and exciting to the market," said John Kilduff, partner of Capital hedge fund in New York Again.

"But it seems premature to use these numbers to say, regarding the economy in general, we are out of the woods," he tempers.

In September, the U.S. economy has eliminated 13,000 manufacturing jobs, after having destroyed in August 4000.

Some economists fear that the debt crisis will derail the U.S. recovery, not a fear expressed Thursday by U.S. Treasury Secretary Timothy Geithner.

"We're still not at a job that can bring down the unemployment rate, which remains a key concern important to the economy," warns Ellen Zentner, economist at Nomura Securities in New York.

The economy must grow by at least 2.5% per year and create jobs 150.00 per month to prevent the unemployment rate to rise.