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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.
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.
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.
The Dow Jones gained 0.07% Nasdaq 0.86% yield
Wall Street ended Tuesday in a dispersed a volatile session, as investors await the outcome of a two-day meeting Tuesday and Wednesday, the Monetary Policy Committee (FOMC) of the Federal Reserve.
The Dow Jones Industrial 30 closed up 0.07% or 10.65 points to 11,408.66 points.
The S & P-500, wider, has lost 2 points, or 0.17% to 1202.09 points.
The Nasdaq Composite fell on its side of 22.59 points (-0.86%) to 2590.24 points.
Faced with strong pressure on financial markets and fears of a relapse of the economy in recession, the Federal Reserve prepares to influence long rates to support economic activity, an action similar to that conducted in the years 60 and then christened "Operation Twist".
With an eye on the sinking of the crisis of sovereign debt in Europe and another on an unemployment rate fails to fall below 9% in the U.S., the Fed should gradually change the composition of its balance sheet to increase the share of long-term securities.
Some traders, however, warn that the rise could be short term, investors may be tempted to take profits after Wednesday's strong performance last week.
The International Monetary Fund (IMF) has also reduced its growth forecast for the United States in 2011 to 1.5% and 1.8% in 2012 against 2.5% and 2.7% respectively, projected in June.
The IMF, Europe and the United States may plunge into recession next year, said the International Monetary Fund lowered its forecast for global growth to 4.0% this year and in 2012, against 4, 3% for 2011 and 4.5% for 2012 projected three months ago.
The housing starts have also declined more than expected in August, falling 5% to a seasonally adjusted pace of 571,000 units, according to the Commerce Department (consensus: 590,000 units).
Values, the way Google Inc. has closed almost in equilibrium after adding Visa (3.12%) to the list of contributors to its proposed electronic wallet for mobile under an agreement that will allow customers Visa to conduct transactions from their mobile phones smartphones.
What do you think of Angela Merkel?
German Chancellor would be the most powerful woman in the world. A majority of French also make him more confident that Nicolas Sarkozy to resolve the crisis. And you, what do you think? German Chancellor Angela Merkel (Blegrade by August 23, 2011)
German Chancellor Angela Merkel is again this year the most powerful woman in the world, before the U.S. Secretary of State Hillary Clinton and the President of Brazil Dilma Rousseff, according to the annual ranking by Forbes magazine. An award well deserved, it said in the comments inetrnautes expansion. Com.
A recent survey revealed also that the French, overwhelmingly concerned about the impact of the current financial situation, have more confidence in Chancellor Angela Merkel to Nicolas Sarkozy to resolve.What is ironic is that the Germans themselves increasingly skeptical of the capacity of Chancellor to resolve the financial crisis.
And you, what do you think of Angela Merkel? She deserves the title of most powerful woman in the world? What are its qualities or defects? Why make him more confident than Nicolas Sarkozy? Give us your opinion in the comments.
Consumer sentiment in the United States at their lowest since August 1980
U.S. consumer sentiment fell in August to its lowest level in more than 30 years, amid fears for economic recovery and disillusionment over government policies.
Preliminary estimates of the survey Thomson Reuters / University of Michigan released Friday, the index fell to 54.9, the highest since May 1980, after 63.7 in July. Analysts on average expected 63.0.
After this publication, the major indices on Wall Street erased some of their gains and the Nasdaq fell even in the red, before resuming their advance.In Paris the CAC 40 also briefly reduced his earnings.
The high unemployment, stagnant wages and the interminable debate between Democrats and Republicans over raising the debt ceiling weighed on consumer sentiment, who were interviewed before the downgrade of sovereign states United by Standard & Poor's.
"In the history of this survey, we have never had so many consumers who spontaneously mentioned the negative role of government," said in a statement the director Richard Curtin of the investigation.
"It's more than just the recognition that traditional monetary and fiscal measures are exhausted in large part, it is the realization that the government was unable or unwilling to act to do so."
Bitterness and CONCERNS
The Obama administration is reaping the negative opinions of 61% of respondents, the worst score among all the previous presidents.Two thirds of respondents felt that the economy had deteriorated recently.
And 75% are expected in early August in difficult times for the economy, a ratio approaching the historic peak of pessimism hit 82% in 1980.
The component of current conditions index fell more sharply than expected to 69.3, its lowest level since November 2009, after 75.8 in July and while the market awaited 74.3.
The expectations fell to 45.7, also unheard of since May 1980 against 56.0 in July to 55.3 and consensus.
Inflation expectations one year were flat in August to 3.4% last month compared with July, as well as expectations to five years, to 2.9%.
"The surprise is the sharp decline" of consumer sentiment, said Stephen Stanley, Pierpont Securities.
"Some numbers are even lower than what was seen during the recession and financial crisis. The fall in expectations appears to be due to the bitterness of the people on the political situation and their concerns about the financial markets. "
However, this study concern was partly minimized markets after the release of a 0.5% increase in retail sales in July in the United States, or their biggest increase since March.
"The expenses of people do not always match their mood. I doubt that things are as bad as what is suggested by the index of consumer sentiment," said Stephen Stanley.
Asian stock markets tumble, despite the commotion policy
Markets in Asia tumbled Monday, despite the proliferation of policy statements and central bankers from the lowering of the sovereign rating of the United States by Standard & Poor's.
In Tokyo, the Nikkei index ended down 2.18% and the broader Topix index lost 2.26%. Finance Minister Yoshihiko Noda said that market confidence in the dollar and Treasuries had not decreased, suggesting that Tokyo did not intend to dispose of its huge investments in U.S. debt.
In Seoul, the Kospi index fell 3.82%, after falling more than 7% in session.The Korean authorities, in a statement, ensured that the G20 countries were ready to act to ensure stability and liquidity of financial markets.
At the end of these places, the Hang Seng Index gave up 3.8% at the Hong Kong Stock Exchange and the composite index of Shanghai Stock Exchange fell by 3.56%. Volumes were 20% below their levels in Hong Kong Friday.Cyclical stocks were among the most attacked.
At the same time, the Moscow stock exchange opened in turn and started the session at its lowest in a year, down 3.3%.
In Europe, the index contracts lost about 2%, as well as the "future" on Wall Street indices.
In this context, the gold all-time records above $ 1,700 an ounce and was trading around 1,713 dollars an ounce or so.
Under pressure, the dollar fell in a time and 0.7500 Swiss franc was trading around 1.4365 per euro.
The oil market, crude prices pplus lost $ 3 a barrel to 83.35 dollars for U.S. crude and 106 dollars for Brent.
"There are obviously some places to hide, and these places are doing very well.Gold took the opportunity because no central bank sells only ", says Greg Gibbs, an analyst at RBS in Sydney.
Just before the opening of Asian markets, finance ministers and central bankers from the G7 pledged to take "all necessary measures" to support financial stability and growth, expressing determination to act whenever necessary. The European Central Bank has announced its next "actively implement" the bond buyback program to try to stem the debt crisis in the eurozone.ECB has not specified which countries will be affected by these acquisitions but suggests it could be from Spain and Italy.
Markets now expect the monetary policy meeting of the Federal Reserve on Tuesday that they hope new efforts to revive the U.S. economy mechanical.
"Investors are wondering whether the Fed will open the door to more accommodative measures, such as quantitative easing. If this is not the case, investors express their disappointment by continuing to sell," Toshio Sumitani provides analyst at Tokai Tokyo.
The Tokyo Stock Exchange to its lowest level since the post-earthquake
The Tokyo Stock Exchange ended down 3.72% on Friday to fall to its lowest level since the fall quake in March, weighed down by dropping out of Wall Street and growing pessimism about the strength of the economy .
The Nikkei lost 359.30 points to 9299.88, however, but has stabilized around its support to 9300 points, foreign investors have apparently concluded it to lighten their portfolios.
The Topix, wider, has sold its 25.40 points (3.07%) to 800.96 points from sitting below 800 points for the first time since March 17.
Thursday, investors had already massively shifted from world stock markets, focusing on the safest assets at the expense of equity markets that have experienced disastrous performance.
Cooled by a series of disappointing statistics on the state of the U.S. economy, dampened by the risk of extension of the debt crisis in the euro zone in Italy and Spain, the market has also suffered from the force the yen, whose safe-haven status is bad for Japanese exporters.
The Japanese authorities would have intervened on the foreign exchange market Friday to curb the rise of the yen, said on the markets after a brief surge in the dollar in afternoon Tokyo.Around 6:15 GMT, the dollar fell by 0.90% to 78.54 yen.
In an environment of risk aversion, oil and financial values have been particularly penalized. Inpex has unscrewed from 6.82%, while the bank Mitsubishi UFJ Financial Group and Mizuho Financial Group gave up 2.55%, respectively, and 4.72%.
Berlin puts on the table a debt rescheduling Greek
S & P has cast a pall over the French proposal of the "rollover" Germany wants to discuss a new solution that would see creditors of Greece share against other titles of longer maturities. the country's creditors would exchange their shares against other longer maturities.
The German Finance Minister Wolfgang Schäuble presented on the table Wednesday a debt restructuring that would see the Greek country's creditors to exchange their shares against other longer maturities.
During the discussions in recent weeks between Europeans on a new aid package to Greece, "we have not reached the issue of a quantifiable and significant contribution of the private sector," said Mr Schäuble when to a press conference in Berlin.
French banks, supported by Bercy, made a proposal that provides for the automatic reinvestment by the holders of sovereign bonds Greek part of the money refunded when they expire in Greek debt, according to two distinct scenarios .
But if Germany is in favor of the principle in this model of "rollover", Schäuble said, "other countries were not ready" to embrace it. "Furthermore, rating agency Standard and Poor's has cast a pall on the proposal Monday by announcing that the scenarios "likely to lead to a default under (its) criteria," that all want to avoid.
Mr.Schäuble, who is scheduled to meet Wednesday night during a dinner with his Greek counterpart Evangelos Venizelos, said when the way is clear to other proposals, including the rescheduling of Berlin, which n ' had failed to win support from its partners or the European Central Bank (ECB).
Wednesday morning, the Secretary of State for Finance Jörg Asmussen said in a television interview: "as long as the rating agencies have reported that it equates the terms of the French proposal to a fault (…), we can put other options on the table as an exchange of obligations ".
Asked about the remarks, Mr. Schäuble replied, "Mr. Asmussen is right, there are many alternatives, we must discuss."
The German Minister had made last month the first concrete proposal of involvement of private creditors, suggesting a return for their investment portfolio against others, maturity of seven years later. It evaluates to seven years because the time required to Greece to restructure its economy and put its public finances in good order. This proposal was criticized as going too far.
Dassault Systèmes always Aeronautics
Dassault Systèmes expects a double-digit increase in sales in the aerospace and defense between 2010 and 2014 thanks to the many innovations offered by these sectors, Reuters said Wednesday its chief executive Bernard Charles.
Present at the Paris Air Show, the French software publisher believes in the potential growth "important" in this market which is globally about two billion dollars (1.4 billion euros).
"It's an industry that moves, that innovates," said Bernard Charles in an interview, citing the arrival of new materials, reduced operational costs and dynamism of emerging markets.
These innovations, which require companies to revise their manufacturing process and make use of software simulation and modeling, "provide a field of research and innovation extraordinary Dassault Systemes," he added.
Contributing to the tune of about 20% in sales of Dassault Systemes, aerospace and defense markets are among the historical group with industry and the automobile.
However, these markets are sensitive to economic conditions and suffered the brunt of the crisis of 2008, leading the publisher to diversify into new areas such as energy, pharmaceuticals or distribution representing close to quarter of its revenues.
Sales for the aerospace and defense remains on the rise, said Bernard Charles, Dassault System account and push his advantage over its competitors through the enrichment of its offer, he said, without excluded to make acquisitions.
"REVOLUTION"
The group, which began with the design of the geometry of aircraft parts, then expanded his expertise in collaboration tools by connecting companies and subcontractors.
With the acquisition in March to 25.3 million euros, Intercim, a company specializing in tracking and certification of job shop, it is now present in the assembly process of aircraft parts.
"Even assuming they had no new clients, we can at least double the number of users among our existing customers," said Bernard Charles.
Recalling that the group expects to double its turnover in 2014 compared to 2010, he considered unlikely a similar performance in aeronautics.
"But we will have a double-digit growth," he said.
The head of Dassault Systemes, which will hold a conference next week with developers, has announced that the group would reveal at that time a new collaborative tool dedicated to innovation and inspired by the functioning of social networks.
"I think we will show in the coming weeks that can be deep enough to make a revolution in the process of innovation in all sectors of industry alike," said Bernard Charles, stating that this new tool is available from July.
As Facebook has transformed the exchanges between individuals, Dassault Systèmes expects a thorough shake up the innovation process, often fragmented and sometimes "very rigid" in the business, facilitating real-time interaction between all participants involved.
Pilot projects are already underway in the field of automotive and "intelligent mobility" in the United States, Europe and Asia.
The group, which competes with U.S. and Autodesk Parametric Technology, has launched an experiment with a reputable university of medicine as a secure platform where students and teachers to share their experiences, said Bernard Charles .
He declined to comment on the group's business in the second quarter.
At 6:25 p.m., the title yielded 0.9% to 57.73 euros. Since the beginning of the year, was up 3.0% after rising by more than 40% in 2010.