"It's a gradual recovery in line with our expectations in an environment that is becoming," said Luc Vigneron, CEO of Thales. France and Great Britain, where Thales is firmly established, and Germany are considering a reduction in their defense budgets. Faced with this gives the group confirms its commitment to expand internationally. "We are continuing our campaign to improve our performance and want to take advantage of growth areas in emerging countries," said Luc Vigneron.

The group confirmed its 2010 targets. The sales will be stable, the operating profit margin would be 3 to 4%."An operating profit of 3 to 4% corresponds to a net positive for the group," said Patrick Durand, CFO. Thales has a loss in 2009.

Two contracts uncertain

While the group has already Saffron rebound airline, Thales will benefit later recovery of the aviation sector. It is possible that the group is obliged to take further charges for two contracts, "the situation is still somewhat uncertain": Meltem contract signed in July 2003 with Turkey on the one hand, the contract signed in July 2004 for the military transport plane A400M ordered by seven NATO countries (Germany, France, Spain, United Kingdom, Turkey, Belgium, Luxembourg), on the other. "Discussions are under way with Airbus business," said Luc Vigneron.The President of Thales said that the group has been in question had also been penalized by delays to the A400M.

Thales, which has won three contracts in excess of 100 million euros in the first half of 2010 against nine for the same period in 2009, expected completion in the second half of the supply of 81 satellites in the Iridium group. A contract of one billion euros.

Saffron is still determined to seize Zodiac

Saffron is always seize Zodiac. Jean-Paul Herteman, Chief Executive of the group of aerospace and defense, confirmed Wednesday that a rapprochement with Zodiac absolve synergies. "We make time to convince," said Jean-Paul Herteman. The battle is difficult. The supervisory board of Zodiac refused unanimously on July 11 a merger offer.Didier and Olivier Domange Zarrouati, respectively Chairman of the supervisory board and chief executive, believe that Zodiac may develop "not lean Safran or anyone else."

Optimistic after the publication of its first half results, Safran has also raised its annual forecast. It expects an operating margin of 8% against 7% previously. It provides a turnover close to that of 2009. "The performance in the first half lead us to revise our ambitions higher," said Jean-Paul Herteman. The group made a net profit of 223 million euros in the first half, down 20.6%.

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The CAC 40, ending up over 2% yesterday, managed to climb beyond 3,500 points. Sign of the return of investors, the volumes are recovering. About 4.5 billion changed hands on the great values of the Paris stock exchange Thursday.

In Europe, the announcement by Jean Claude Trichet, president of the European Central Bank revised upwards its growth forecast for 2010 to 1% against 0.8% previously, has reassured investors.

Jean-Claude Trichet also reiterated its confidence in the euro, a currency "very credible".On the foreign exchange market, the euro, good barometer of market confidence returning the land to more than $ 1.21. On Friday morning, about 7:15, the euro does not move too much, and gold trading at around 1217 dollars per ounce.

Statistics follow

In France this morning, inflation will be unveiled by INSEE for the month of May, at the same time as the balance of payments in April (Bank of France).

In the eurozone, this balance will be issued for the entire quarter at 11:00.

While in the U.S., sales details in May, which will be published at 14.30, will be as usual well attended, and the second estimate of the confidence index from the University of Michigan for the month May, at 15:55.Five minutes later, it is the stocks and sales of companies in April will be known.

Club Med lots of red heads for China

Club Mediterranean in the first half of its 2009/2010 financial year ended in April with net income of 3 million euros, against 22 million loss a year earlier, in a European tourist market "sluggish" and despite the impact Icelandic cloud, "he said Friday in a statement. In addition, the group discusses with a Chinese group ready to open its capital, according to management.

EDF CEO Henri Proglio will meet this Friday, Gazprom CEO Alexei Miller to discuss the pipeline project Southstream. Alexei Miller said one option would be for EDF to take a 10% stake in Southstream.

Moreover, the computer giant HP has partnered with a subsidiary of EDF to provide businesses with "Pod", aka Performance Optimized Datacenter, installed computer labs in containers.

Lagardere Lagardere announced the signing of a Memorandum of Understanding for the final disposal of the television 17 to Bolloré Virgin Media.

The manufacturer Renault has confirmed the reports of Figaro on the appointment of Dominique Thormann the position of Financial Director Replacment Thierry Moulonguet.

Peugeot Thursday, hail crippled the manufacturer's plant in Sochaux. The group has not yet quantified the shortfall.6000 employees are laid off.

With STMicroelectronics Soitec could could hold the attention after the Semiconductor Industry Association (SIA) has estimated that worldwide sales of semiconductors will grow by 28.4% to 290.5 billion dollars in 2010 thanks to strong demand from emerging countries.

Banking Profession, held in the IIR, said that the regulation being developed in Basel will have a massive impact on growth, particularly in the euro area.

Societe Generale Kerviel At trial, the atmosphere is electric. The ex-trader annoys the President and General Counsel of the Company to show nervous.

Pharmaceutical companies across Europe, governments are spending on health to reduce their deficit. France is no exception. The government fell in April the rate of return of 200 drugs.He also announced a few days ago to further declines in commodity prices, in order to save 100 million euros by December.

The three major indexes in New York posted strong gains Wednesday.

Eight banks covered by a survey: the markets punish

The Attorney General of New York has opened an investigation into eight banks, including Credit Agricole, to determine if they had provided misleading information about their mortgages before the subprime crisis, "according to The New York Times.Goldman Sachs (-1.73% to 144.65 dollars), Morgan Stanley (-0.65% to 27.62 dollars), UBS, Citigroup (-2.15% to 4.09 dollars), JP Morgan & Chase (-2.16% to 40.79 dollars), Credit Suisse, Deutsche Bank, Bank of America-Merrill Lynch (-1.29% to 16.85 dollars) and Credit Agricole in the crosshairs.

The dollar continued its rise against the euro

The euro fell Thursday to a level that was hers before the announcement of the stabilization plan of the European Union and the International Monetary Fund (IMF).The single currency was trading at 1.2531 dollar, near its lowest level reached before the announcement of the aid plan for the euro area.

Decline in number of unemployed weaker than expected

The resurgence of the greenback is supported by the fourth consecutive decline in the number of newly unemployed in the United States, according to figures released Thursday by the Labor Department in Washington fast payday loan. The ministry said 444,000 new jobless claims were submitted from May 2 to 8, or 0.9% less than the previous week (in seasonally adjusted data).

Oil prices opened sharply lower Thursday in New York, a barrel of benchmark lost 1.47 dollars to 74.18 dollars. Wednesday crude inventories rose 1.9 million barrels to 362.5 million.Economists on average had expected a rise of 1.3 million barrels.

Contracts awarded on the prudence of Cisco

The Japanese electronics giant Sony (-5.14% to 31.53 dollars) confirmed Thursday that ended the 2009-2010 fiscal year brought a net deficit of 40.8 billion yen (312 million euros ), reflecting a return to the green on the plan of operation, through reductions in fixed costs. Sony also said Thursday that he hoped to finish the fiscal year began last April, and will be closed in March 2011, a net profit of 50 billion yen (about 400 million euros).

Cisco (-4.53% 25.53 dollars) has announced its profit jumped 63%, but its CEO said that caution was in order.

As regards the reimbursement of airfare, the situation is quite simple.The European airline passengers stranded abroad can count on the Brussels regulation, which imposes a clear obligation "to rerouting passengers in conditions similar transport and as soon as possible," except to reimburse their customers full Fast Cash advance loan. The standards at the start of the European Union are even stricter: in case of postponement or cancellation before the trip, are all airlines, including those who are not European, that are required reimburse or provide their flight. A right that the European Commission intends to enforce. The spokesman for Transport Commissioner Siim Kallas Friday, April 16 and encouraged the citizens to "assert their rights, even in exceptional circumstances such as these."

Commercial gesture

Photo credits: Le Figaro

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Four employees of Rio Tinto appear from Monday for "corruption" and "theft of trade secrets": the Australian Stern Hu, head of the Shanghai office of Rio Tinto, and three of his Chinese collaborators. Upon their arrest in July 2009 in Shanghai, they were accused of stealing state secrets, that is to say, highly sensitive information on China's position at the negotiating table on ore prices iron.

Since the beginning of the Rio Tinto trade negotiations and lawsuits strangely coincide.The arrest of Hu Stern and his staff intervened when the negotiations on the price of iron ore were being ruined and one month after the rejection by shareholders of Rio Tinto to increase the participation of the giant China's Chinalco aluminum in the group's capital.

Partnerships in Africa

Earlier this year, announcing the end of the investigation fell when the price negotiations for the year 2010-2011 debuted without China. Like every year, the big mining groups that dominate the global market – Rio Tinto, both Anglo-Australian BHP Billiton and Brazil's Vale – agree with their key buyers – Japan, China, Europe – a price for the year beginning April 1, fast cash advance .But the mining groups have decided this time to discuss first with their Japanese buyers.

Last year, Chinese steelmakers were on a very firm position. No agreement had been reached. Steelmakers had ended up paying the market price, 80% over prices negotiated. This year, the talks heated still ahead. Miners might seek to secure increases of 50% to 90%, according to sources. Higher difficult to accept for the Chinese steelmakers.

But Rio Tinto hopes to continue its business in a country that became the main destination of its exports last year, with 24.3% of sales. The Anglo-Australian multiplies friendly gestures. A new head for China and was appointed last month. The choice of Ian Bauert is not trivial.This sinophile and sinophone was created in mid 1980 the first office of Rio Tinto Republic. For his part, Tom Albanese, CEO of the group, arrived in Beijing Sunday to attend an economic forum.

Last week, his company signed a partnership with the giant Chinese aluminum, Chinalco, for an investment in a mine in Guinea. According to the Australian press, discussions are also underway for projects in Mongolia and Australia.

"The underlying trend is downward in the number of expatriates for the benefit of local cadres" confirms Paul Mercier, head of the Africa region at Michael Page Africa. Less expensive, these executives are also less difficult to find.Some areas of Africa or Asia excepted basins provide local jobs because of what fill the needs of enterprises at lower cost. "We are witnessing a competition between increasing local and expatriate" is also Claude Mulsant, CEO of Magellan Circle. Comparing the most unfavorable to the former.

Costly benefits

For if the expatriate benefit of all contracts under local law, this status also gives them several advantages, sometimes very expensive for the company.Notably, the "package" negotiated by the expatriate before his departure, may involve the payment of housing, schooling for children, the French social security in addition to the host … "With the crisis, companies have been particularly attentive to reduce costs, and therefore significantly reduced the benefits offered by the "package", "Analysis Paul Mercier payday loans online . "The premiums have decreased, as the standard of housing available" confirms Claude Mulsant.

Jacques-Olivier Meyer, CEO of HR firm Intelfi International, also found that habits have changed. "The crisis has reflux number of expatriates in some areas, including Asia," noted he.And these returns have not always been without difficulties: "Some expats have found themselves pushed out on their return to France," remarked he. More generally, it is an average of expatriation down 5 to 3 years observed by Jacques-Olivier Meyer last ten years. Thus a fall in the number of expatriates who leave within three years after their stay (only 1 / 3 retentent experience). "The expatriates feel that conditions are less favorable than in the past," said he.

A threshold incompressible

So, farewell expats? Certainly not, answered Paul Mercier. For some functions can do without the experience and corporate culture of these executives preferred. "When the business is established, local officials can often replace expatriates.But to establish a subsidiary, a new factory or make an investment that requires export of know-how, the expatriate remains indispensable, "said Paul Mercier. Jacques-Olivier Meyer goes even further: "With the crisis we have reached an irreducible minimum. I do not see how the numbers could still be reduced …. "

In the United States, week market will be under the sign of the American consumer. The two major economic indicators this week, published Friday, will be the sales details for the month of February and the preliminary estimate of consumer confidence. For specialists Aurel BGC, household consumption should remain strong after the employment figures released Friday very reassuring. Analysts fear, however, that severe winter weather does not disturb the profile of these two indicators in the short term unsecured personal loans .

This meeting will be held the same day as the Franco-German summit held in Paris. Optimists are betting on an agreement in principle to that Chancellor Angela Merkel and Nicolas Sarkozy announce all the rescue program.Otherwise, they should show their political support and call for a quick solution.

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