Sundial of world news

Perhaps fears about the monthly employment figures expected with apprehension before market are already partly integrated into the course. The Dow Jones gained in effect to 15.45, 0.36% to 9767 points, the Nasdaq advance from 0.08% to 2103 points and the S & P 500 rose 0.24% to 1030 points.

The American economy has destroyed 125,000 non-agricultural jobs in June against 110,000 planned. This is the first time since the beginning of the year that the U.S. economy is destroying jobs and the number of registered job destruction last month was the highest since October 2009.

The private sector has created 83,000 jobs, however, against 33,000 in May and 112,000 expected by the market. Despite the job losses recorded in the month, the unemployment rate of 9.5% in June, its lowest level since July 2009, against 9.7% in May Economists expected a rate of 9.8%.

The figures, preliminary unemployment weekly published Thursday, however, very disappointed. "For three months, enrollment weekly unemployment are the yo-yo around a trend average of 462,000, economists are of Oddo Securities. The dismissal of the enumerators of the population, down sharply in June (see Chart 3 above), could affect these results, but, anyway, the job recovery seems decidedly weak. "

Europe and China in the minds

If the relatively low funding requests from European banks with the ECB reassured yesterday, the threat of a downgrading of the rate of Spain by Moody's, the clouds that accumulate on the growing global concern, however, more than never the United States.Several indicators, unemployment and housing U.S., in fact, yesterday, had a marked fall in European markets, while Wall Street has finally, paradoxically, proved to be more combative resistance payday loan lenders. The weakening of the greenback against the euro is perhaps helped. The late publication of monthly sales of car manufacturers, sharp rise, too.The sixth meeting of decline has been less severe than expected, the Dow ended down 0.42% to 9732 points and the Nasdaq fell 0.37% to 2101 points.

While the downward revision of growth prospects of China Conference Board had, following a calculation error, contributing to a decline in the markets earlier this week, China could reassure the contrary on Friday: it comes into effect to announce the revision of the growth of its gross domestic product from 2009 to 9.1% against a previous estimate of 8.7%.

Google buys ITA

As for values, Jeffrey Immelt, the head of U.S. conglomerate General Electric, has accused China to show hostility towards foreign companies, said Friday the Financial Times (FT), pushing the group to say that his comments had been distorted.The share lost 0.14% to 14.10 dollars.

The engine rechercheGoogle (-0.47% to 437.43 dollars) has announced the acquisition of ITA, a company specializing in information on air transport.

The publisher of games for iPhone Tapulous announced Thursday that he was bought by media giant Disney (+0.32% to 31.59 dollars) to become "leader in mobile entertainment." The terms of the transaction were not disclosed.

Sanofi-Aventis (-2.24% to 29.70 dollars) on Friday refused to comment on information from Bloomberg that the French pharmaceutical group preparing to acquire a U.S. company a value of at least 20 billion dollars. Allergan (6.88% to 62.10 dollars) and Biogen (6.70% to 49.86 dollars) are cited as potential targets

The French committee of manufacturers (CCFA) set the tone by announcing in May the first decline in the market over one year with a sales decline of 11.5% in the month of May On Thursday, the CCFA should announce at 24:01 new track to exit the sector with a heavy fall in the market about 10% in June according to preliminary figures announced by BFM. In its Thursday edition, the Parisian is a little less pessimistic and foresees a decline of 7.5%.

Throughout the first half, however, sales are expected to increase by 4% thanks to good figures at the beginning of the year. In the first quarter, the premium had already broken down, but the manufacturers had assured compensation. Result: the market had increased by 16.9%. The second quarter would be less attractive, the end of car scrapping seriously starting to feel their effects.

Renault is doing well

As for manufacturers, all the French have won market share. Renault is the one who gets the better of the game's pin manufacturer would have gained 1% market share. On June alone, its subsidiary Dacia has sold as many cars than the whole of 2009. According to Bernard Cambier, director of sales Renault France, the Sandero is indeed the best-selling car in France. In total, Dacia would hand over 5% of the French market.

As for foreign carmakers, Volkswagen resist well. Exports of German cars rose 46% in the month of May

Scrappage EUR 500

According to BFM, the prospects are not reassuring. In the second half, the reduction would be 20%. Nevertheless, the number of cars sold would be even higher CUX 2007 and 2008.For the full year 2010, the decline would be 10%.

The market expected a backlash over the second half of the year. The July 1 heralds a new drop in scrap bonus which amounts to 700 euros to 500 euros. More government aid declining, manufacturers are less able to compensate. In Europe, the example of Germany left pointing to an already difficult year-end. The country, which ended the scrappage scheme in September 2009, showed a slump of 34% of registrations in the month of May.

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Found 100 billion euros in three years. This is the government's objective to reduce the deficit from 8% to 3% in 2013, reiterated Prime Minister François Fillon on Saturday, which gave details of the proposed measures. "We have pledged by 2013 to reduce our deficit from 8% to 3% and all our efforts will focus on this priority. It means basically that should reduce the deficit of 100 billion by 2013, "he said during a meeting with new members of the UMP Salle Gaveau.

The $ 100 billion, "we (them) to find the half in spending cuts and half in revenue increases," said the head of government.The 50 billion euros in spending cuts will be made up of "45 billion by reducing public expenditure, 5 billion on reducing tax loopholes."

On the revenue side, the 50 billion do not result from increased taxes and levies, "said Francois Fillon. He bets on "35 billion upgrading after the crisis, loss of revenue cyclical. (…) As and when growth returns, revenues are growing once again, "he said. And the remaining 15 billion? They "will correspond to the end of the steps we have taken to boost the economy and have obviously not meant to last beyond this period of recovery," he added.

In May, Francois Fillon had already announced a freeze in spending value of the state but had not detailed the targets.These details are involved a little less than a week after Berlin has adopted a plan rigorously evaluated at 80 billion euros. France is under pressure from financial markets and rating agencies, who urged him to detail the measures to be taken to reduce debt.

"New sources of funding"

The Prime Minister also addressed the issue of pensions. While the government prepares to release his reform plan, Francois Fillon reiterated its intention to extend the duration of activity and pushing the "symbol" of the statutory retirement age to 60 years.

It will also seek new financing, he added. "Justice will lead us to seek new sources of financing because the effort must be shared by all," he said.Nevertheless, the government has temporarily waived taxing incomes over 11,000 euros per month, according to information from Figaro.

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"Maintaining the AAA rating is an objective" tense ", according Baroin

In 2010, the power was going to be more lenient than in 2009. Last year at this time, the clouds were gathering over EDF, raising fears a dreaded scenario: power cuts. Not only Meteo-France was involved in the incumbent a "signal hot", ie a risk of drought, but especially nuclear fleet suffered from a long strike. In addition, there were maintenance delayed massive enough to cause a moment to stop one third of the 58 reactors. At the time, Prime Minister Francois Fillon, had also publicly worried about the situation.

The state park remains a major project

This time, the concern is not the same. Fifteen units are presently closed, a current threshold at this time.EDF enjoy summer to restore the park in preparation for the winter, much more greedy for power. By comparison, in January, peak consumption are regularly found around 90,000 megawatt hours (MWh), while in August, we do not exceed an average of 55,000 MWh.

"There is no risk of power failure for the portfolio company's customers," says Philip Torrioni Director optimization upstream-downstream and trading, while recalling that EDF has the "stacking of multiple means of production ': in addition to nuclear, hydro, fossil-fired (fuel oil and coal) or purchase obligations (cogeneration, wind …).

Note that EDF considers the situation of hydraulics "generally satisfactory", the streams and filling reservoirs for dams being at favorable levels."On this last point, we are even slightly in surplus," says Patrick Tourasse, in charge of coordination of water at EDF.

As for the effects of the strike last year, they are now digested, said Philippe Druelle, the delegate operational nuclear generation. This does not preclude occasional conflicts: Friday, the Inter Power Plant Flamanville announced the resumption of work after five days of strike any of its services after signing an agreement on creation of ten posts.

However, even if EDF is reassuring for the coming summer, the state park remains a major project for the company. In case the rate of availability of its stations, which dropped to 78% last year, far from that of other major utilities such as GDF Suez nuclear operator in Belgium. In the medium term, Henri Proglio, the chairman of EDF, is the bar of 85%.A major objective of financial terms because in terms of availability, each point less cost around 200 million euros to the company.

To remedy the situation the company began to invest heavily to replace large components of its plants. It also plans to optimize a number of operating procedures. With the desire to obtain tangible results from this year.

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The standoff between Apple and Adobe is a rotating record. In the U.S. antitrust authorities are taking a close look at Apple, and are investigating whether the refusal of Flash on the iPhone, and iPod touch iPad is a barrier to competition. According to the Anglo-Saxon, the Ministry of Justice and Federal Trade Commission (FTC) study the desirability of launching a formal investigation and discuss the distribution of the proceedings.

These are a few lines slipped into the contract for the next iPhone software, which alerted the authorities of the competition. Since one month, Apple requires application developers for its mobile devices to use its own software development. This decision led to the banishment of a handful of tools unofficial iPhone development.Including the Adobe Creative Suite 5, which was designed to create Flash applications.

In an open letter published last week, Apple CEO Steve Jobs has explained the reasons which led to the prohibition of applications developed with other development interfaces. Apple, he said, wants the software for iPhone take advantage of all the functions of the smartphone. Requirements hardly tenable with Flash, which focuses on compatibility with a wide variety of devices (phones, computers, shelves, televisions), rather than optimizing for one of them.

"Obviously anticompetitive"

Adobe, meanwhile, accuses Apple of foreclosure applications on the App Store for its own benefit. "What it does is clearly anticompetitive," responded David Balto, a former head of the FTC. But the issue divided the experts.Another former head of the FTC, more nuanced, felt it necessary to show that Apple is dominant in this sector. Or prove that its new rules affect the consumer.

No stranger to antitrust proceedings against its rivals, including Microsoft, Apple has in any case rarely found in this position of defendant. But in Mobile, where he became the number one American, the positions have changed. Last year, the FTC had already interested in its policy of banning applications on the App Store. The acquisition of the mobile advertising AdMob for Google is also under investigation "push". A potential deadlock that would serve both the interests of Apple, which launched its own offering, DST.

Observed by the whole world, the trial Rio Tinto, which opens Monday in Shanghai, is the culmination of nearly a year of trade tensions between China and the mining giant Anglo-Australian Rio Tinto. This will also be a political test for Beijing, which has promised transparency.

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.

2009, year of diet employees. According to figures from the Labor Department released Friday, wage growth was even lower in Q4 2009 than the previous quarter. The index of the basic monthly wage for all employees rose by 0.2% over the period against 0.4% in Q3. Worse, since the price index rises from his side of 0.4% is a loss of purchasing power be registered by the employees on the last three months of 2009.

On a year however, the employees recorded a slight increase in their purchasing power, increased the price index of 0.8% was not enough to cancel the increase of 1.9% of base salary. The Dares note that all sectors recorded an increase of wages in constant euros, although the increase over one year is more important in construction (+1.4) than in industry (1 point).The tertiary sector is in contrast to the average, with an increase of 1.1 points.

Figures released Friday by the Dares confirm that 2009 has been a particularly difficult year for salaries. According to the firm Mercier, increases in median compensation of executives ranged between 1.3 and 2%, 3%, the lowest figures in decades. And even if the recovery is the rendezvous, the year 2010 should not mark significant break, companies still keen to contain their wage bill.

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For sure, the case of reminders stuck with Toyota. The Japanese manufacturer, which is already subject to a sixty complaints from consumers in the United States must now respond to accusations of a U.S. attorney. Tony Rackauckas, Attorney of Orange County, south of Los Angeles has filed suit against Toyota on Friday night.

Toyota was aware

"We affirm the court on behalf of residents of Orange County, that Toyota has knowingly sold cars and trucks with defects responsible for sudden and uncontrollable acceleration of certain vehicles," he said. For the record, Toyota has recalled nearly nine million vehicles worldwide, including six million in the United States because of problems of uncontrolled acceleration and to a lesser extent, defective brakes.

The Prius, the hybrid model, which was the pride of Toyota, has been implicated.A case that forced the group's CEO, Akio Toyoda, to begin a round of apologies, first in the United States and then China. "I fear that the pace at which we developed could be too fast," he admitted before the Commission to monitor and reform the U.S. Congress last February 24.

On behalf of the "consumer protection"

For Tony Rackauckas, the California attorney, the meteoric rise of giant Nagoya is not the underlying problem. He said the acceleration defects affect "hundreds of thousands of vehicles sold in California in recent years." In addition, "Toyota knew these defects but intentionally concealed California consumers."Affirming that his complaint was "first brought to Toyota in the name of protecting consumers' Tony Rackauckas calls for a fine of $ 2,500 for" each violation of the law on unfair trade practices. "

For its part, Toyota has responded quickly. In a terse statement, the manufacturer provides "not having received the complaint" and therefore "not be able to comment on pending litigation." Despite these twists cascade, a survey published Friday by the marketing firm Corporate Research International (CRI) should reassure Toyota.

Customers, however faithful

Indeed, it appears that the group's U.S. customers remain loyal to him. "Only 6.5% of Toyota's current customers surveyed said they no longer buy Toyota because of reminders," concludes the study, conducted among 1640 people between February 19 and March 2.Same observation in Japan, where Toyota cartonne forever. The brand saw its sales increase in Japan in February from 47.9% a year to 146,145 vehicles, according to the Japan Auto Dealers (Jada).

"The results of Haulotte Group in 2009 were logically impacted by the decline of almost 75% in world market volume of the car compared to 2008, according to a statement. Indeed, accounts of the number one European lift platforms people have gone into the red in 2009, posting a net loss of 55.7 million euros at the end of the financial year, against a net profit 31.9 million euros at end 2008.

The current year promises nothing good, "in the absence of any tangible sign of market recovery early this year. The group led by Pierre Saubot decided to focus its attention on reducing the need for working capital and to control its fixed costs.The focus on commercial areas "more potential" will also be intensified.

Maintaining market share

Last year, net debt was reduced by more than 15 million euros thanks "to the sharp drop in volumes produced" instant payday loan . The group's cash at December 31, 2009 amounted to nearly 66 million euros.

Major European and American renters have hardly invested in 2009, but Haulotte Group has maintained its market share in Europe while growing in Asia and America.

Haulotte Group will pay no dividend for 2009.

According to preliminary information provided by the sector for 2010, the year is still difficult, even "if the worst is now behind us.""The rental companies remain cautious about their investments and should carry out spot purchases and replacements to the fleet in view of utilization still low and rental rates under pressure," Gilbert Dupont analysis.

"How to achieve its goal three months of sales? By becoming a vendor at Renault Samsung, "The joke circulating these days at the dealership in Seoul, during the lunch break. Their enthusiasm was due to booming sales of Korean-French manufacturer since early 2010.

A surge of 74.6% on the South Korean market in January (compared to last year), while exports registered a strong increase of 43.6%. This spectacular start due to the immediate success by winning the new SM5, the car manufacturer's flagship, launched last month. The third version of the sedan, developed from the chassis of the Laguna 3 sells like hotcakes and allows Renault Samsung to face the future with serenity.

"This is a key operation, the SM5 must ensure the future of the brand for five years," said CEO Jean-Marie Hurtig.

Image quality

Things seem to parties because these excellent figures confirm the good results registered by the manufacturer in 2009, world in crisis. Defying the pessimistic prognoses of its own troops, the Korean branch of Renault reported a 31% increase in sales last year, thanks to a South Korean market remained buoyant despite the international situation. Based on image quality, still up in surveys of consumers, the manufacturer has strengthened its position as the second group of Korea, at GM Daewoo. In the land of morning calm, Renault Samsung is the manufacturer that goes against the behemoth Hyundai-Kia, which controls nearly 80% market share.The success of the SM3 but also export the Koleos, an SUV of the year in China, enable the brand to address the global recovery with optimism.

Performance that also strengthen the position of the manufacturer within the Renault group. In 2009, South Korea became the third largest market for Renault (except Nissan) behind France and Germany. A spectacular leap from 9th place, a year earlier, made possible by the lowered sales in major markets like Turkey, Italy or Brazil.A breakthrough that allows the manufacturer to get rid of its image of Tom Thumb the group, which sticks to the skin from its takeover in 2000, on the verge of bankruptcy.

Logistically, Renault Samsung has also taken advantage of the crisis to increase its role in the alliance: taking advantage of the fall of the Korean won against the yen, the Pusan plant provides more and more parts to workshops Nissan, on the island of Kyushu. "Korea becomes competitive with China," said Jean-Marie Hurtig, who can also rely on the quality of South Korean engineers and a social climate less tense than in Hyundai and Ssangyong.

Only downside, the rise steeply from the Korean currency against the dollar and the euro, which threatens the competitive edge of exports.

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