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.

Renault said Wednesday it intends to develop in India a new car less expensive than compact Pulse, its latest launch date in the Indian market, but at a price significantly higher than the ultra low cost segment.

In its edition of Wednesday, the Tribune reported that Detourbet Gerard, head of the range low-cost Dacia Renault will take the leadership in January of a joint team to the alliance with Nissan in charge of developing a new vehicle in India for emerging countries.

A spokeswoman for Renault confirmed this information, while stressing that the price of the vehicle would be "significantly higher" in 2500 euros raised by the business daily.With its partner Nissan, the group is now seeking to attract the middle class first in the country by launching products in the mid-range and higher, before proposing then vehicles more attractive prices.

Before the Pulse, scheduled for 2012, Renault has launched this year in India Fluence sedan and 4×4 Koleos.

The proposed ultra low cost car, announced in 2008 by the CEO of Renault-Nissan at a price of 2,500 dollars (1,900 euros), for its part has still not been completed when he initially was to be launched early this year , raising doubts about its viability.

Today, the alliance gives more timing and waits for Bajaj Auto, in charge of development of the car, he presented his platform before deciding whether to give it a more industrial.

International creditors of Greece will press Saturday the country's political parties to commit in writing to support the austerity measures required for a new rescue plan and avoid bankruptcy.

Representatives of the European Commission, the European Central Bank and the International Monetary Fund (IMF) will meet with the leader of New Democracy (ND preservatives) was said openly reluctant to provide support for the treatment of austerity imposed by donors.

Increase in grants, including Milan slight easing of interest rates in the long run Italian … Silvio Berlusconi's announcement he will leave soon to relieve the financial markets. The Italian prime minister Silvio Berlusconi

The markets applauded Wednesday morning the next departure of Italian Prime Minister Silvio Berlusconi, whose ability to recover the finances of his country were strongly questioned by investors. So much so that the pressure on interest rates threatened to kill Italian Italy asphyxiation.

In the wake of the Asian stock market, the European equity markets have in turn opened up. Italian interest rates at 10 years have slightly relaxed the bond market and oil prices climbed. The euro, however, was stable.

Paris and London and took a little over 0.8% at the opening.

"The risk appetite increases, investors favor cyclical stocks at the expense of defensive background of relief related to the resignation of Berlusconi," he told Dow Jones Newswires Justin Rooney, head of sales at CBA in Sydney.

The Italian 10-year rate is slightly relaxed: they amounted to 6.65% Wednesday morning in Asia, after reaching a day high of 6.77% in Europe. Before the announcement of the forthcoming resignation of the head of the Italian government, the 10-year rate had risen to 6.77%, a level unprecedented since the inception of the euro, slightly more than the previous record which dated from the morning same (6.73%).

Sanctioned markets and Italy for its policy and had considered lax in their sights the prime minister Silvio Berlusconi, seen as unable to apply the meusres rigor demanded by the European Union.

Lloyds posted a new quarterly loss Tuesday and warned it may need to extend certain financial targets because of the current economic turbulence.

The bank, 40% owned by the British government for a public bailout granted during the credit crisis of 2008, reported a loss for the period January to September of 3.86 billion pounds (4.5 billion euros), of which 607 million for the third quarter.

The group has suffered from declining margins and funding costs rise and warned that it may not achieve some of its performance targets in the medium term until 2014.

The group, however, maintained its annual target of the margins and a reduction of its losses on bad debts, an announcement appreciated by investors.

The action Lloyds, which has lost more than half its value since the beginning of the year, gained 8.3% to 11:00 GMT.

She recorded the largest increase in the European banking sector index, just ahead of Societe Generale (+7.9%), who resigned Tuesday to pay a dividend to its shareholders for the year 2011 to strengthen its capital without public support.

Lloyds was taken aback investors last week by announcing that its chief executive Antonio Horta-Osorio was suffering from stress and taking time off, leaving a possible vacancy at the top of the first British bank details.

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.

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).

Meeting with a yakuza chief

The interview took place in a building discrete, in the district of Shinagawa in Tokyo. Masatoshi Kumagai, one of the "sponsors" the most powerful of the Japanese mafia, the famous yakuza, has agreed to talk about his business. The interview in pictures.

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