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Values to follow Friday at the Paris Bourse, where the CAC 40 index advances 0.65% to 3084.49 points in very small volumes, however, less than 800 million have changed hands on the index as part of Euronext platforms.
* EADS (4.65%) signed the largest increase in the CAC 40, after a jump of more than 5% related to his statement of annual goals and quarterly earnings well above expectations.
In addition, according to industry sources, the Qatar Airways and Emirates airlines as well as the lessor of aircraft ALAFCO could spend significant aircraft orders at the Dubai Air Show, which begins Sunday.
* BNP PARIBAS advance of 3.38% to 31.54 euros.
* Veolia Environnement (-1.07%) continues to suffer from its new warning issued yesterday, many brokers have lowered their price targets and estimates of value.
* SOITEC jumped 14.51% after announcing that its subsidiary Soitec Solar Development had received regulatory approval from the Commission to regulate utilities in the State of California for its five power purchase agreements concluded with San Diego Gas and Electric.
TF1 * (-13.49%) shows the largest decrease in the SBF 120, the group has lowered its forecast revenue for 2011 after the graduation of net advertising revenue of its flagship channel in the third quarter.
S & P lowers rating of ten Spanish banks
Standard & Poor's Tuesday lowered a notch credit rating of ten Spanish banks, including the two main countries, highlighting the darkening economic prospects and a housing market still depressed.
The prospect of all banks rated by the agency is now negative, which means that further declines are possible notes.
Among the downgraded banks Santander and BBVA are the main institutions of the country.
For Banco Santander, the rating drops to AA-, against AA with a negative outlook. Similarly, for Banco Bilbao Vizcaya Argentaria, the note back from AA to AA-.The new perspective is also negative.
S & P also revised the rating outlook of four banks, reducing it from stable to negative, and placed the bank under review with negative implications.
Stability of producer prices in August
The producer prices of French industry in the domestic market increased by 0.5% in July before stabilizing in August, show figures released Friday by INSEE.
These figures are consistent with the consensus estimate of economists polled by Reuters.
In one year, the index of producer prices on the French market shows an increase of 6.3%.
Prices of petroleum products fell 2.2% in August after a 3.5% increase in July, Insee said.
The food prices have remained stable in August as in July.
"In August, prices of electrical, electronic and software grew by 0.6%, including the prices of components and circuit boards (1.0%), driven by commodity prices," says INSEE .
Prices of industrial products for foreign markets, unchanged in July, fell 0.3% in August.
For all markets, prices of industry production was down 0.1% in August after 0.3% the previous month.
France could reactivate the plan to help banks in 2008
The French authorities said Sunday that the system created in 2008 to help banks following the collapse of Lehman Brothers was always available on event "extraordinary".
However, they insisted that French banks, whose market value has shrunk in a few weeks, were strong and they did not need injections of public capital demanded by some stakeholders in the financial markets.
"The only thing that exists is the mechanism 2008 of a public company may purchase securities in the capital of banks if they express a need.So if there was an extraordinary event, this mechanism is in place, "said the Governor of the Banque de France, Christian Noyer, in an interview with Journal du Dimanche.
"There is no plan.And besides we do not need, "he added, saying once again its confidence in the strength of French banks.
The Sunday newspaper also reported that a proposal by the French authorities to banks, September 11, to put 10 to 15 billion euros at their disposal, along the lines of operations in 2008.
Banking sources said this week told Reuters that exploratory talks on a possible state support to the banking sector were underway.
READY FOR 2013 IN BASEL III
According to the Journal du Dimanche, the CEO of Societe Generale, an institution whose share price tumbling for weeks, has accepted the proposal of the authorities, provided that all banks participate.But "BNP Paribas declined to be supportive, burying the project immediately," wrote the weekly.
"Many intervention schemes were under consideration, simple loan to the issuance of preferred shares with warrants," he says.
Contacted by Reuters, BNP Paribas, Societe Generale and Credit Agricole had no comment.
As for the Ministry of Finance, "between the more formal denial" of the possibility of an imminent public recapitalization plan mentioned by the Journal du Dimanche.
Christian Noyer also stressed in the same interview that he has asked banks to speed up the process of strengthening their capital of schedule III of Basel, the international agreement designed to make banks more resilient. "They will be ready by 2013," he said.
To address the financial crisis following the collapse of U.S. bank Lehman Brothers, the French government established in the fall of 2008 a plan to help the banking sector by mobilizing a budget of 360 billion euros, including 40 billion to build equity and 320 billion to help banks refinance themselves via the Company's financing of the French economy (SFEF).
Do you live better or worse than before?
According to a survey, three out of four Fançais observe a decline in their standard of living. And you? The basket of essential goods for households with small budgets
Three in four French people think life worse than before, a decision that had never reached such a level for twenty years, according to a survey by TNS Sofres for the association of mayors of major cities in France.
To the question "Did you feel that in recent years people like you live better or worse than before," 75% of respondents answered "less". This feeling is a "historic high in the evolution of the personal situation of the French" in the TNS Sofres survey, conducted since 1981, said the institute.
It manifests itself particularly in the 25-49 age group (81%) and among the employees (87%) and workers (82%).Only 14% say their side "better life", while 10% see no change (1% undecided).
With an unemployment rate of 9.6% according to INSEE, and generally 3.3 million people, who are not working but want to work in France, the fear of becoming unemployed grows in the opinion, according this investigation. Two out of three French (66%) fear of "risks of unemployment", for themselves or someone in their household. A result in increase of 4 points from last year and 16 points since 1988, said the Sofres.
And you, your standard of living has deteriorated there? How do you explain it? do you fear unemployment? Give us your opinion in the comments.
The new home sales fall 22.6% in Q2
Sales of new homes fell 22.6% in the second quarter in France compared to the same period last year, show figures released Tuesday by the Ministry of Sustainable Development.
At 23,183, sales from April to June, however, increase by 2.6% over the first quarter of this year.
In one year, the decline in the number of transactions reached 28.5% for houses and 21.8% for apartments.
"Sales of 2010, the year of continued recovery began in 2009, had been particularly high," says the ministry in a statement.
Of the last four quarters, sales of new homes declined 5.1% compared to previous four to 104,473.
This movement, which affects all areas of city with the exception of Central and Corsica, has not prevented a further rise in average prices at 3820 euros per square meter for apartments (7.7% over one year) and 249,400 euros on average for homes (+1.8%).
Meanwhile, on sale housing fell 8.6% in the second quarter from April to June 2010, to 28,596.Like sales, this reflux is more affected houses (-19.2%) and apartments (-7.3%).
The last four quarters, put up for sale, however, increased by 9.9% over the previous four.
Further signs of tension in the market for residential real estate, the stock of new homes for sale was in the second quarter, up 1.5% year on year and the average flow of housing has increased in one year seven months to eight and a half months for apartments, eight and a half months to just over 11 months for houses.
Moreover, housing starts for new homes end of July showed an increase of 15.7% over one year to 347,355 units, and 9.1% over the last three months compared to the previous three months, to 80,524.
The number of building permits granted for dwellings alongside increased 10.1% year on year to 422,974 units and 8.6% over three months, 118,747.
In the non-residential housing starts were up 9.6% over three months, to 5.95 million m2, but fell by 1.5% over the last 12 months, 24.39 million of m2.
Building permits for industrial and commercial premises, they are up 2.9% over the period May to July over the same quarter a year earlier to 8.88 million m2 and will increase by 5.7 % 12-month rolling, to 35.82 million m2.
The acquisition of BSkyB examined by the media regulator
The British government will ask the regulator of the media Monday to consider whether the guarantees provided by News Corp with a view to acquisition of the BSkyB satellite TV package is still credible, in view of the case News of the World.
News Corp, which belongs to Rupert Murdoch, has decided to close its Sunday tabloid News of the World, accused of embezzling thousands of voice mail in recent years.
This case comes at the worst time for News Corp. which is engaged in an attempted takeover of BSkyB, an operation estimated at around ten billion euros, which requires final approval from the government.
The British Ministry of Culture, Media and Sport should write in the morning Monday to Ofcom, the regulator of the country's media, to ask whether in the light of developments in the case, the redemption process should continue or not.
After the announcement of this consultation, the action BSkyB lost 6.5% to the London Stock Exchange.
News Corp., which already owns 39% of BSkyB, has promised that in the event of a total, the British would remain independent bunch, with an editorial completely free.
For a Citigroup analyst, Thomas Singlehurst, the probability that the transaction receives the approval of the government, despite the case News of the World, remains unchanged from last week.
"We still consider this operation in terms of 'when' and not in terms of" if, "he told Reuters.
The waste consumes one third of global food production
In a recent report, FAO experts estimate that 1.3 billion tons the amount of food lost or wasted every year on the planet. A third of world production.
While prices of food commodities including cereals soaring and that hunger riots could re-ignite some emerging countries, the new leaves a bitter taste: food waste never been so important in the world. Each year, the third of the food products on the planet for human consumption, or about 1.3 billion tonnes, is lost or wasted, according to an FAO report. A frightening figure as the total volume of food lost annually is equivalent to more than half of global cereal production.Fruits and vegetables and tubers and roots have the wastage rate is higher.
For the authors of the UN report, this situation totally indecent affects both rich countries than in developing regions, since they spoil respectively 670 million and 630 million in food annually. Still, consumers in Europe and North America are much less numerous. Based on the number of inhabitants, the food waste into rich countries is shocking. In Europe and North America, each consumer waste and between 95 and 115 kg per year, as against 6 to 11 kg only for the consumer sub-Saharan Africa and South Asia and Southeast.Result, the food waste from rich countries account for as much food as all food production in Sub-Saharan Africa.
In developing countries, this is mainly due to loss of "failing infrastructure, to outdated technology and inadequate investment in food production systems." In contrast, in rich countries, it is the behavior of large stores and consumers who are concerned: the so-called use-by dates and quality standards that exacerbate the appearance of the product are a waste sources frantic. Added to all marketing incentives to buy more. "The promotions of the type three for the price of two push the customer to fill his cart while he did not necessarily need," added the FAO experts."It is now more profitable to reduce wastage of food to increase agricultural production to feed a world population growth," concluded the FAO.
The euro zone should strengthen its response to the crisis, says IMF
The International Monetary Fund (IMF) on Friday called the euro area to urgently adopt a more comprehensive range of measures to resolve the debt crisis, mobilizing more money to keep afloat the States concerned.
Maintaining liquidity measures of the European Central Bank (ECB) is also crucial for countries whose banking sector is in trouble, "said Ajai Chopra, head of the IMF mission in Ireland.
"A key element of a European solution is a structure for crisis management at the highest level of the area.The priority is to quickly implement an enhanced FESF (European financial stability) that can more flexibly manage the crisis we face, "he said at a news conference.
About these frontally opposed to those made Friday by Jens Weidmann, the new President of the German Bundesbank, who said that it was "first in Greece itself to take further measures necessary."
He also reiterated the ECB's opposition to a restructuring "soft" Greek debt.
Disagreement on the response to the debt crisis could exacerbate the anxiety of the market while the credit rating agency Fitch downgraded the sovereign rating of Athens to "B +", citing in particular the threat of deferred payment of funds under the aid plan of 110 billion euros developed by the IMF and the European Union.
"Disproportionate burden"
For Ajai Chopra, "States can not help themselves, and place a disproportionate burden on the country (…) could not be economically or politically feasible."
"The scope and terms of financing must help convince private creditors that the debt burden is sustainable even in adverse scenarios, and therefore there is no question of restructuring the debt," he added during a teleconference about the progress of budget Ireland, which has been a support plan of 67.5 billion euros from the EU and IMF.
"On policy issues that are under their control, the Irish authorities have shown themselves determined and do their best to get out of difficulties," held responsible.
"But we must recognize that this might not be sufficient (…) This is why we have emphasized the support provided by a European plan more complete and consistent."
He also said the IMF disapproved of the French demand to see the noted Irish tax on companies deemed too favorable Paris.
Ajai Chopra added that all countries in the euro area should accelerate "recovery and reform" of their financial sectors.
"Stress tests should lead, where necessary, recapitalizations and in some cases, banks may need to be restructured or closed," he said.
Brad Pitt and Angelina Jolie assigned to an employment tribunal
Former Secretary of Miraval wine estate disputes his firing "unfair." She claimed 80,000 euros. The conciliation hearing is normally scheduled on June 7
For the two American stars currently present at Cannes, this is not the drama of the year. A former employee of the domain of Miraval in Correns (Var), including Brad Pitt and Angelina Jolie are the owners, before the industrial tribunal Draguignan due to unfair dismissal, it was learned from his lawyer Emmanuel Ludot. The secretary, who worked in this vineyard since 2002, "was dismissed in February 2010 because it was on sick leave since November 2009 and that therefore it disorganized enterprise" told AFP Me Ludot, confirming a report by RTL.
"She did not accept what it regards as unfair dismissal and referred the tribunal", demanding compensation of 80,000 euros, of which 40,000 in damages, he said. His client does not speak publicly until the day of the conciliation hearing, scheduled "normally on June 7. "Because we have a deafening silence in front of us we have decided to demonstrate," said Bar Council of Reims. "The peculiarity is that this area is owned by two monsters of American cinema, but as such, is a process of very ordinary," he believed the lawyer.
The Labour Court of Draguignan said "the case was at trial," without elaborating.Brad Pitt, 47, and Angelina Jolie, who will celebrate his 36 years, settled in the Var in June 2008 in a building of the seventeenth century, embedded in 400 hectares of forest and vineyards. Currently, major work is done at the castle, whose care is provided by security professionals. Both actors, who have announced their relationship in late 2005, had three children together, including twins, and are the parents of three adopted children.
The couple is expected to glamorous Cannes Film Festival that opened Wednesday. Angelina Jolie is promoting an animated film in which she lends her voice, "Kung Fu Panda 2." Brad Pitt face him in "The Tree of Life" by Terrence Malick, a serious contender for the Palme d'Or.