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

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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In the wake of a turbulent session on world stock markets, Asian markets are moving in the red Friday, but less dark than its U.S. counterparts, where the Dow Jones unscrewed 3.5%, and Europe, where the EuroStoxx 500 flinched almost 2%.

For example, Hong Kong, the Hang Seng yields 0.17%, to 19,545 points, in Australia, the S & P / ASX Index plaice 0.57% to 4292 points and in India, the BSO Sensex down 1.3% at 16,305 points. In China, the CSI index is even 0.15% to 2730 points.

The Nikkei skids

However, the trend is much more frank in Singapore and Japan: the Singapore Straits Times stumbles to 6:50 2.3% to 2689 points and the Nikkei 225 below 10,000 rating points to 9784 points exactly, showing a sharp fall again 2.45%.

The key index in Tokyo was not dropped below the symbolic 10,000 points since February 8, 2010.Investors are concerned that growth in Europe is too weak in the coming years and that this drives up the appreciation of Asian currencies, the yen in the crosshairs.

The Bank of Japan (BoJ) announced it was maintaining its key rate at 0.1% and it injected 1,000 billion yen (8.85 billion euros) in the country's banking system, to reassure markets worried about the problems of the euro area. Thursday evening, Spain's new growth forecast apr_ès the anonce an austerity plan of 15 billion euros.The country's growth will be only 1.3% this year against a previous estimate of 1.8%.

This Friday, the Monetary Policy Committee of the Bank of Japan (BoJ) has held that "the fiscal health of some European economies," posed a risk to economic recovery.

Investments in companies

As for values, the Japanese carmaker Toyota (-2.5% to 3,335 yen) will invest 50 million dollars in capital of U.S. manufacturer Tesla for joint production of electric vehicles at a plant in California.

Under the agreement signed in Palo Alto headquarters of Tesla Motors, the two partners' intend to cooperate in developing electric vehicles, spare parts, in production systems and engineering, "said a joint statement released Friday.

In China, as PetroChina was down Friday morning at the Shanghai Stock Exchange, after the oil giant had announced its intention to invest 60 billion dollars abroad in ten years. It lost 2.3% to 10.62 yuan (1.6 dollars).

Satisfaction and prudent. Patrice Durand, CFO, Thales has engaged in a balancing act by commenting on early trends of fiscal 2010. "We had an encouraging first quarter," says he. Markets remain difficult, the consolidated turnover increased by 8% (+5% at constant scope), while new orders booked increased 5% to 2.4 billion euros thanks to force of defense and security industry. In late March, the backlog exceeded 25 billion euros, or nearly two years of activity.

Annual objectives confirmed

However, the group finance director of defense and high technology remains cautious. "Our business is marked by a degree of seasonality. It would be premature to draw conclusions from this first quarter for the full year, "he warned.However, the group confirmed its annual goals: a stable income and an operating margin of 3% to 4%. It aims to build on its new organization – set up in late 2009 – and the first fruits of its "efficiency plan", called Basis Pro, which should reduce the cost of "poor quality" is ie the financial excesses of complex programs. In this regard, Patrice Durand said that "the landscape remains the same" for risk contracts (eg, development of avionics for the Airbus A400M military), because "you can not change radically a program in a few months, "but he adds" we are working hard in conjunction with Airbus.

Resumption of Aviation "uncertain"

The group led by Luc Vigneron remains cautious for the resumption of commercial aviation remained "uncertain" and the group will not benefit from the boost provided by the orders of the French army under the recovery plan. Unlike the budgetary pressure is at its height on the states of the euro area whose deficits have exploded over the past two years and who convert in a pinch. However, defense accounts for 60% in the activity of Thales. The challenge for the group will be to find new sources of growth outside Europe. In 2010 and in years to come.

Also on conviction to a fine of 630 million euros in total (including 15 million in interest) of France in the case of the sale of Lafayette-class frigates to Taiwan, Thales, whose share of the fine represents 27.463% of the contract or its part, has decided to "implement all available remedies" and will soon file an action for annulment before the Court of Appeal of Paris. "As an interim measure, the company will pass on its accounts of the first half of 2010 an additional provision of 35 million euros.

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The trustees will have no choice. Friday, March 19, Herv? Novelli, Secretary of State for Trade, has signed a decree listing the benefits which must be included in the annual package paid by owners to day management of the building. Only services that are not included in this list will therefore in future be charged as extra by the trustee.

For example, the detention and the retention of certain records (plans, rules of ownership …) are included in the package. Same principle for the holding of general meeting, whichever occurs on the days and time slots indicated in the contract.All new contracts signed after July 1 must comply with this new rule.

This order lists the tasks of daily management purposes only established by the National Council of Consumer Affairs (CNC), which he believes should not be charged extra. The vast majority of contracts trustee voluntarily complies this list, as their unions had requested them. Most owners have therefore already contracts under the new rules. But a small minority of trustees continued to ignore. The order will force them to toe the line.

Herve Novelli has however not been satisfactory associations consumer no fax cash advances .They wanted the order to go further, especially to cut short the abusive practices of some trustees accused of inventing such new costs (administrative costs for time spent making photocopies for example) and to charge off package.

"A very imperfect compromise"

Association officials condominium (Arc) was also condemned in advance the draft order, saying it would allow such trustees to continue to pay more to hold general meeting in the evening. For the General Confederation of tenants, that order is "a very imperfect compromise between consumer expectations and resistance professionals.It gives no definition of the current management, poses no limit to the abuse of special services and create difficulties of interpretation concerning the list of benefits. "

But Herve Novelli does not intend to abandon this topic. He asked the Committee on unfair terms in order to have deep expertise on the unfairness or otherwise of all clauses in contracts.

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By putting on Thursday Ermine first President of the Court of Auditors, Didier Migaud definitively stored his old political habits. Former socialist president of the Finance Committee of the Assembly, appointed under the opening by Nicolas Sarkozy to succeed Philippe S?guin, who died suddenly last January, does not distract the institution's objectives: "The fundamental role of the Court" is to "give citizens the information they are entitled (…). Needless to seek an indescribable sense of power-cons, "he said Thursday on the occasion of his installation, in the presence of head of state, presidents of the Senate and the Assembly and Ministers Budget and Justice."The Court and the financial courts are not judges of the desirability of public policies: they have to assess how and to assess the results."

Take height and work in a bipartisan … This is not an empty word for close to Laurent Fabius – who was one of the first to congratulate him on Thursday after his swearing. Didier Migaud notably drafted with Senator UMP Alain Lambert organic law on finance laws (LOLF) rule that since 2006 the annual budget presentation to the State. But he also participated in the commission P?bereau debt. The chairman of BNP Paribas has always praised the sense of responsibility of the member of the Isere, which had agreed to sign a report calling for deep cuts in public spending, despite pressure from his political camp cash advance america