Sundial of world news

At a time when many companies are trying to renegotiate the pricing terms of their gas supplies, this is a decision that will make noise: Tuesday, the supervising judge of the Commercial Court of Valenciennes has decided to terminate the contract of long-term supply that united the power plant Poweo Pont-sur-Sambre (North) to Italian energy giant ENI.

March 12, the production plant, now owned by the Austrian Verbund electrician, had been placed under safeguard procedure. Reason: it loses about one million euros per week. Three days later, on March 15, the receiver can catch the commercial court by an application to terminate. There is indeed a difference of nearly 40% between the market price of gas and those supply contracts in the long term, indexed to oil prices – which soared for several weeks. What makes the situation untenable for the Pont-sur-Sambre.

A canceled contract

In fact, the judge may decide the termination under two conditions: firstly, this option is necessary to safeguard the debtor on the other hand, the termination shall not affect significantly the activity of the contractor, in ENI case. The Commercial Court of Valenciennes finally concluded that these two conditions were met, indicating that the supply of Poweo Pont-sur-Sambre – to the tune of 150 million euros per year – accounted for only 0 guaranteed fast personal loans.13% of net Business ENI.

After this decision, the Transalpine oil has several ways to try to counteract it: application for annulment with the commercial court, appeal to the court of appeal, cassation … All these procedures require weeks or months. Meanwhile, the Commercial Court's decision is not suspended and the contract between Poweo Pont-sur-Sambre and ENI is actually terminated.

Whatever the intensity of this battle, it will give ideas to large consumers of gas. They now know that they are likely to be heard before the commercial court if their incumbent supplier does not agree a discount to the extent of the plunge in gas prices. Since the development of shale gas in the U.S. (now exporting) in particular, the economy of this energy has completely returned with an offer suddenly extremely abundant.

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France is already the "spoils" of foreign tourists, with 77 million international visitors in 2010, according to World Tourism Organization (WTO). And to remain so, she can count on its approximately 50,000 religious buildings (monasteries, abbeys, cathedrals, churches, synagogues, mosques, etc ….) that attract more and more tourists, especially during holidays such as Easter or All Saints . But not only. "There is definitely a trend in favor of deep spiritual tourism," says Geraldine Bale, president of the association Sanctuaries Cities in France, which includes 15 sites of pilgrimage including Lourdes, Mont Saint-Michel, Chartres, Lisieux or Vézelay ( Yonne). The increase in attendance of these sanctuaries is stable for several years, the range of 5 to 10% per year depending on the site.

The Sanctuary of Lourdes. Photo Credits: Richard VIALERON / Le Figaro

For tender in giant offshore wind, it's time for final arbitration. After a series of exchanges non-stop for 48 hours at the top of the state, the verdict is very close and although nothing has yet been formalized, EDF would be the big winner. The electrician tricolor should be assigned by the government three fields respectively in Saint-Nazaire (Loire-Atlantique), Fécamp (Seine-Maritime) and Courseulles-sur-Mer (Calvados).

A total of five fields within the scope of this tender, but the allocation of the remaining two sites – in Saint-Brieuc (Côtes d'Armor) and Tréport (Seine-Maritime) – could be called a later date. The schedule is not known but "a period of discussions should be reopened," does one advance in the entourage of the file no fax payday loans. Some background information might be reconsidered, particularly affecting the price of electricity.

If this scenario occurs, EDF would therefore gain all of the fields for which the government has decided. It would be a victory for the utility but for its main partner, Alstom, which would be commissioned to build and assemble the wind turbines. Two weeks ago, the industry group presented in Saint-Nazaire the prototype of his machine: it has a capacity of 6 megawatts (MW), making it the most powerful wind turbine market.

1040 new aircraft worth $ 145 billion. This, according to the latest Airbus market research, the need for airlines in India in the next twenty years. Of these, the vast majority of planes (860) will be ordered to meet the growth in air traffic – to + 7.2% per year, it is already growing faster than the average in Asia (5.9%) . In total, the current fleet will more than triple to 1080 devices.

According to Airbus, the airline purchases will be predominantly (646 copies) on medium-haul aircraft type A320 and A320 Neo (version remotorisée). It to meet soaring domestic traffic should move quickly on a rate of 10% per year, which will make India one of the strongest markets in the world. The European manufacturer estimates that the market for 308 long-haul A350-type and 66 copies of the ultra-high capacity aircraft type A380.

Two giant orders

Airbus hopes to win a beautiful place in this promising market. Already, the European manufacturer claims "70% market share of new orders," his "ambition is to retain its leadership in the Indian market." To support its strategy to win business, Airbus has established local partnerships for forty years. It is manufactured locally A320 passenger doors, his best-seller. It is also recruiting Indian engineers in its Engineering Center opened in 2006 in Bangalore. The manufacturer employs 270 in total and has to hire another 180 by 2014 payday loan lenders.

Airbus' strategy has paid off. In 2011, the manufacturer has scored a major coup by winning two giant commands from Indigo (180 A 320 150 of Neo) and Go Air have ordered that, between them, 252 units.

Two threats

But the clouds on the horizon. On the one hand by the poor health of major customers such as local Kingfisher.Depuis his birth in 2005, the company has never made any money – it lost $ 90 million in the third quarter of fiscal year – and has accumulated a debt of $ 1.3 billion. Kingfisher international flights still canceled Wednesday, postponed delivery in 2014 of A 380 and ordered it does not exclude cancellations. In total, current orders are of 32 A320s, 20 A330 long-haul, long haul lonq five A350s and five A380 super-jumbo. The company promises tonight released a recovery plan within two to three days.  

Moreover, the implementation of the carbon tax by the European Union in January, also poses a threat to aircraft orders. Just as Beijing has frozen the purchase of 45 Airbus A 380, including 10 of its airlines, New Delhi is opposed to this tax. India may decide to retaliate. It threatens to bar its airlines to fly to Europe.

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Rarely have there been a fear of unemployment too high (one third of the French fear of being unemployed in the coming months) coincide with proposals also limited in terms of job candidates in the presidential election.

Apart from generation contracts (with uncertain effects) of Francois Hollande, antidélocalisation VAT (which will particularly benefit the jobs are not exposed to international competition) by Nicolas Sarkozy, or the prohibition of redundancies (fantastic in a global economy ) by Jean-Luc Melenchon, the impétrants at the Elysee do not shine with the inventiveness of their proposals. Everything happens as if in fact the only social issue of this campaign was beginning to worry about the plight of factory workers in difficulty: Lejaby, Petroplus, Photowatt, ArcelorMittal … to name those "lucky" to one of the 20 hours. So much so that outgoing President announced that a buyer or a command Unexpected unexpected, the Socialist candidate responds by passing a law requiring an industrial facility to the closing yield. Syndrome Jospin, powerless anger of employees in 2002 by Lu who accused him of doing nothing to save them, has been there

.

These employees are far from being the most deprived. From large groups who fulfill their obligations reclassification or revitalization (and often sign large checks start), they are part of the iceberg. Registration for employment center after a redundancy no longer represent each month that 2.9% of input patterns. Contrary to popular belief, their numbers fell 3.4% in 2011 to 14,000 per month. All also receive a contract security professional (CSP), ensuring a strengthened support and 100% of their net salary for a year.

This double "deluxe treatment" (media and procedural) for the CSD and interim would like to also benefit. First variable adjustment of the workforce in the companies they represent one third of entries each month at employment center (or 150,000 people) and are not entitled to a CSP in 15 experimental and employment areas. And, in an envelope limited to less than 20,000 contracts this year. 5 times less than for retrenched when they are 10 times more each month to bear the brunt of the crisis. In factories or elsewhere

.

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Sluggish start to the year for consumers. The French have reduced their spending by 0.4% in January, reports the INSEE. In December, consumption had fallen by 0.2%, a figure revised up 0.5 point. Compared to January 2011, consumption fell 2.2%.

Household spending fell in virtually all sectors. In particular, they continued to crumble in clothing (-2.3%), despite the sales and after falling 1.7% in December.

This is especially the collapse of automobile purchases by 7.6% in January from 2.8% in December, which sealed the figure released today. Registrations have also unscrewed 20.7% compared with January 2011. "Households may indeed have anticipated their purchases of cars face of tougher no-claims bonus on 1st January 2012," INSEE advance.  

Among the few sectors rising, the food recovers (1.4%), after declining steadily over the past six months. "This decline is expected to continue as households are turning to cheaper goods in shops cheaper", the BNP Paribas economists. Energy costs have in turn bounced (2%) with the return of cold. This trend should continue and thus provide some support consumption in February, economists expect Societe Generale CIB.

Rising unemployment and uncertainties related to the crisis in the euro area seem to continue to weigh on household spending. This traditional driver of French growth had stalled in 2011, dropping by 0.5% over the year.

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Internet gets more in tune with other media. After enjoying a full return to growth in 2010, investments online in 2011 after the French advertising market trends, with a more moderate increase of 7.6% (+5.2% over the same period for all the corporate media). According to the barometer of the Interactive Advertising Bureau France (IAB) and the Union of regulated Internet (SRI), the investment volume has reached last year, 3.48 billion euros gross (non-negotiating and decreasing) . "Very dynamic in the first half of the year, the display (banner advertising, sponsorships and video, Ed) was marked by breaks and a slowdown in year-end. This confirmation of the maturity of the Internet who now lives at the same rate as so-called traditional media, "said Catherine Gotlieb, VP of IAB France.

The data released Friday by the Institute Kantar Media also show that the share of the Internet in French advertising investment has stabilized at 12.5% ​​(+0.3 points compared to 2010). "With only this level of market share, the Internet remains underinvested in France, which suggests good prospects for development of the media," notes Arthur Millet, a director of SRI. Even if there is more than "outbreak of the Internet", in the words of Catherine Gotlieb, the media has installed devices at the heart of cross-media advertisers. In 2011, some 4972 advertisers have been active on the Internet, most loyal spending an average of over 15% of their communications budget.

Advent of video

Especially, two-thirds of advertisers now combine the "display" with at least one other media. The couple TV-Web continues to grow, stimulated by the advent of video. Last year, 690 advertisers used this form of advertising, 20% come from the consumer.

Culture and Recreation (370.1 million euros), banking and insurance (360.1 million), automotive and transport (352,100,000) are the three dominant sectors on the Internet. The IAB France and the IRS noted, however, increased investment in food and distribution. The latter has a "high growth", while the sector is currently under-investor with a market share estimated at 6.7%.

Similarly, with a share of 8.3%, food is "an important reservoir of growth for the display." Between 2010 and 2011 budgets devoted to food web have developed strongly (+10.5% to 190.4 million euros), including through "devices incorporating digital video," indicate the BFI and SRI. For 2012, the two agencies do not advance prediction.

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Wednesday, Euro Disney action collapsed. The stock lost 8.32% to 4.13 euros. The valuation of the group is more than 160 million euros. Deficits accumulate in Euro Disney, despite a record attendance.

During the 2010-2011 fiscal year (ending September), the first amusement park in Europe has widened by almost 40% of its net loss group share to 55.6 million euros (-39.9 million against euros in 2009-2010) cash advance america. His last was in 2001 profits.

However, the number of visitors peaked at 15.6 million, 600,000 more than last year. With the exception of the Dutch, all nationalities have contributed to this increase. The French (49% of visitors), Belgians and Italians have never been numerous.

Even the British (13%), whose attendance was down for two and a half years, returned this year with Mickey.

Future on major indices of the New York Stock Exchange indicate a slightly higher opening of U.S. markets on Wednesday. Like the European markets, Wall Street should not resist the Slovak Parliament on strengthening the European Financial Stability Fund (EFSF). Tuesday, after four sessions of strong gains in a row, Wall Street ended in a disorganized. Investors chose to garner a share of profits.

On the front of the debt crisis in the eurozone, Slovakia, a second vote could be held with the support of the left opposition. "It's not good news but I trust the authorities of Slovakia to hold a second vote," said Wednesday morning the French Minister of Foreign Affairs Alain Juppé on radio France Info.For its part German Chancellor Angela Merkel said that strengthening the EFSF be ratified "in October." The Slovak Parliament was the last to vote on the strengthening of the European relief fund. Indeed, the unanimity of the country is essential to confirm the agreement reached by the Heads of State on July 21 dernier.Berlin and Paris commitments marchésLes reassure the weekend by Germany and France had restored a little hope of financial markets. Last Sunday, Nicolas Sarkozy and Angela Merkel have in fact committed to respond "lasting and comprehensive peace" to the crisis in the euro area for the G20 summit in Cannes, 3 and 4 November. About the difficulties of the European banking sector, the two leaders said they were "determined to do whatever it takes to ensure the recapitalization of our banks."But again, the "details" to be specified later, and the EU summit scheduled for October 17 and 18 was postponed to October 23. After several missed appointments with the financial markets, Europe hopes this time strike a blow to stop the contagion of the crisis in the euro area.

The euro will always be a "hard currency", has also assured Angela Merkel, following Slovakia's rejection of strengthening financial relief funds in the euro area. On the foreign exchange market, the euro was virtually unchanged munching 0.05% against the greenback at 1.3658 dollars.

Alcoa opens the ball quarterly results

In the U.S., the season of quarterly results of large companies began Tuesday after the close of Wall Street. As usual, the aluminum giant Alcoa kicked-off for these publications.Including follow on Wednesday, PepsiCo, and Thursday, JPMorgan Chase and Google internet group and finally, Friday, Mattel. Analysts bet on an average increase of 13% earnings per share for the third quarter.

The group Alcoa reported, after market, a net quarterly profit of $ 172 million, an increase of 182% over a year and a decrease of 47% over the previous quarter. Revenues jumped 21% year on year to 6.4 billion. In 2011, Alcoa still expects growth of 12%.

For his part Infosys Technologies also announced after the market have achieved in the second quarter of fiscal year 2011-2012 (ending September 30) a net profit of 411 million dollars against 374 million last year while sales rose to 1.75 billion dollars against 1.5 billion a year earlier.For the full fiscal year 2011/12, the group expects a turnover of 7.08 to 7.2 billion dollars.

The Canadian Research In Motion listed on Wall Street, affected by major failures affecting the Blackberry, is facing a revolt by disgruntled shareholders calling for the sale or replacement of its executives while its action has already lost 60% since the beginning of the year.

For its part the world leader in lithography for semiconductor, ASML also listed on Wall Street believes that there will be a slowdown in growth in most segments of the semiconductor, with the exception of technologies related to tablets and smartphones. At the Amsterdam Stock Exchange gained 2.7% action to 27.25 euros in the morning.

Wall Street has long hesitated on Friday, in the footsteps of European markets. Following his strong fall, the Dow Jones has assembled laboriously 0.35% to 10,771 points at closing. Nasdaq and S & P back however the slope more sharply with increases of 1.12% to 0.60% and 2483 points to 1136 points.

Investors take note of the willingness of finance ministers and central bankers of the twenty leading economies, meeting in Washington last Thursday, to provide "a strong and coordinated international response" to the crisis. In a joint statement, they agreed to ensure that "banks have adequate capital" and promised to provide "the necessary liquidity" to financial institutions.But "the real decisions are referred to the Summit of Heads of State and Government to be held in Cannes, November 3 and 4, 'the specialists Aurel BGC.

To a stability fund in Europe more flexible

The Perfect Storm, the large emerging group of "Bric" also expressed "determination to accelerate structural reforms to sustain strong growth." Brazil, Russia, India and China but also South Africa so consider "if necessary, to provide support through the IMF or other international financial institutions, to address the current challenges facing the global financial stability, according to the circumstances of each country. "The inventor of the BRIC, Jim O'Neill, chairman of Goldman Sachs Asset Management, said however that emerging markets are likely to require at least, in exchange for their support, greater clarity on how the Europe has to solve its crisis.

Precisely in response to a request from seven countries of the G20 addressed to Nicolas Sarkozy, the countries of the euro area have pledged to implement "necessary measures to increase the flexibility of the European Financial Stability Fund (EFSF)" to to avoid contagion from the crisis in Greece. Yesterday, the possibility of a defect in Athens, though long ruled by EU leaders, was raised by Klaas Knot, Member of the Board of Governors of the European Central Bank (ECB)."This is one of the scenarios," he told the Dutch newspaper Het Financieele Dagblad business cards.

Growth of world trade declined Another concern: the specter of a global recession was reinforced by the World Trade Organization (WTO) has revised downwards its forecast for this Friday trade growth for 2011, s 'expecting a growth of world trade by 5.8% against 6.5% forecast so far, according to its website internet.Sur the foreign exchange market, the euro climbed slightly against the U.S. dollar: it advances the Friday from 0.57% to 1.3533 dollar. Oil prices have them, continued to slump, unable to bounce back after the collapse of the previous day as markets increasingly anxious in facing the risk of renewed recession in the U.S. and Europe.On the New York Mercantile Exchange (Nymex), a barrel of "light sweet crude" for November delivery ended at 79.85 dollars, down 66 cents from the forward veille.Valeurs

The side of values, after the close of the NYSE Hewlett-Packard announced the replacement of Leo Apotheker as CEO from Meg Whitman, confirming the many rumors that had circulated in recent days.

At Advanced Micro Devices (AMD) is Rick Bergman Devices, responsible for products, who announced his resignation. The CEO will temporarily Rory Read office.

Covidien raised its quarterly dividend 12.5% ​​to 0.225 dollar per share.And, for its part McDonald's has increased its 15% to $ 0.7 per share.

In order to treat its shareholders well, Raytheon has authorized a stock repurchase plan of $ 2 billion.

The American manufacturer of sporting Nike has exceeded market expectations by posting yesterday after the close of U.S. markets net income for the first quarter of fiscal year up 15% to $ 645 million, driven by its Sales in North America and in emerging countries. Revenues rose 11% to $ 6.1 billion.Orders scheduled for delivery between September 2011 and January 2012 were up 16% to $ 8.5 billion.

On the occasion of a major overhaul of its website, Facebooks'est services associated with music, news and video, including Spotify, Deezer and Dailymotion, and challenge from Apple in the content.

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