28 Jul
The report Roussely "makes everything from scratch," says one minister who claims to have read the full version. The summary released Tuesday, which has probably erased the strongest criticism against the EPR and dissension between players of the team of France's nuclear confirms.
The EPR to review
"The EPR is unsellable!" It is the summary, very raw, made by a government report's findings Roussely. In the version now public, it says still that "the complexity of the resulting EPR design choices, including the level of power (1,650 megawatts, MW), (…) is certainly a handicap for its implementation and costs. The report recommends a "value", which will be waged not only by its manufacturer, Areva, but also by EDF.
The TTY, a new reactor
The Elysee Palace announced that the range of proposed reactor would be enlarged.The average reactor power (1 000-1 150 MW), the TDD, developed by Areva with Japan's Mitsubishi, is reinforced. And, adds the Elysee, more lenient than Roussely with atomic ambitions Mestrallet, GDF Suez will be "associated" with its certification.
Areva will not be dismantled
Mentioned a few months ago, the dismantling of Areva was quickly dismissed by Francois Roussely. Two reasons: Areva offers a complete service to its clients elsewhere in the integrated model "would spread the financial risk and ensure profitability Honourable average in every cycle," the report said.
A Department of Energy
The Elysee has not taken the number one recommendation of the report: "create a Department of Energy. Energy is currently under the tutelage of the vast Department of Ecology Jean-Louis Borloo, who claims consistency.Alternative proposed by Francois Roussely: General Secretariat of Energy. The idea is in any case that the state retains control over the sector.
Open mining Areva
The nuclear group is the largest producer of uranium in the world. This work is very consuming capital. Or Areva in dire need right now. The report mentions the Roussely creation of a new mining company in which Areva would bring its mines and it would retain a majority stake. The other shareholders could be its customers, including EDF, the first of them. Without being very specific, the head of state does not preclude such a scenario. "Partnerships for industrial mining of Areva, which may include a capital dimension, will be discussed," said the Elysee statement said.It is not clear so far whether Eramet (Nickel), 26% owned by Areva, will participate in one way or another to the mining company.
Wear the life of plants to 60 years
Francois Roussely judge that longer duration of twenty years of French reactors strengthens the economic competitiveness of nuclear power. But security will prevail on the extension.
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Personal loans like these have to be repaid back within a time span of 15-20 days. This period can be extended a bit in case of emergency.17 Jul
Meanwhile measure the effects of the broad financial reform approved by Congress, the giants of Wall Street continued their slow recovery. Citigroup, which had managed to exit the first quarter of 2010 after losing a total of $ 29 billion between 2008 and 2009, has confirmed his return to profits between March and June The third U.S. lender has reported net earnings of $ 2.7 billion, down 37% over a year. For its part, Bank of America, the first U.S. retail bank, posted net income of $ 3.1 billion, a slight decrease of 4%. The day before, JPMorgan had announced a profit of 4.8 billion, up 76%.
If the performance of these three giants of Wall Street have exceeded the expectations of financial analysts, they are far from convincing.The banks, in effect, save their profits fall in provisions for doubtful debts, which remain however very high levels. At Citigroup, they have a charge of $ 6.7 billion, the lowest in almost three years. For Bank of America, the drain $ 8.1 billion against $ 9.8 billion in the first quarter and still $ 16.4 billion a year ago pay day loan lenders.
Less capital raising
More than three years after the start of the crisis in the housing, the improvement of conditions in the shy USA relieves borrowers. But business remains sluggish, as evidenced by the decrease in revenues of large banks: – 33% for Citigroup – 18% for Bank of America – 7% for JPMorgan. The great challenge for these players is to reach boost their sales."It will be several more quarters to see a sustainable activity," warns Brian Moynihan, the CEO of Bank of America.
Last year, the Wall Street banks had managed to offset the gloom with an exceptional year in the investment bank, with capital raising records. Alas, this windfall is gone and instead the second quarter under the sign of the crisis of European sovereign countries was characterized by high volatility and lower risk appetite. This scenario weighs on commissions and revenue from emissions trading.
16 Jul
Spain has raised Thursday about three billion euros of fresh money in bonds and 15 years, allaying fears of the markets on its ability to find funds to repay a debt. Demand for the securities has been over two and a half times greater than supply, a sign of great success. The average interest rate of bonds stood at 5.116% during the operation faxless cash advances. The coupon will be finally served 4.65%, a high price without being dramatic. In April, the average rate was 4.43% for bonds of the same type. After this successful auction, the yield difference between bonds and ten-year Spanish and German Bund reference narrowed. The success of the operation also supported the course of the euro.
12 Jul
More and more voices against the euro. Most recently, the CEO of Maurel and Prom and former banker has lambasted the single currency in an interview with La Tribune. Jean-Francois Henin does not beat around the bush, he said "Europe is dying by inches of its single currency.
The officer believes that Europe will not end the crisis without a significant depreciation of its currency. The skipper and evokes "a level of parity of 0.6 to the dollar" before adding "not the European Central Bank will not accept it." In fact, the latter expressed doubts about the fact that the euro can survive the crisis "which is just beginning," he said free 3-in-1 credit report.
Redeployment of "onshore"
Regarding the consequences of the spill, the leader of the French oil major said the companies are counting on a redeployment of oil production on land at the expense of offshore in the Gulf of Mexico.
He suggested that no oil company is no longer able to "face the financial consequences of possible ecological damage. He said he expected consequences for production "in the years 2015/2020. "This should bring up to date the theory of" peak oil production ceiling, "said he.
23 Jun
Between investors and steel, has installed a strained relationship. Base metals show poor performance down 6.44% on the previous three months and down 4.24% since the beginning of the year. On the London Metal Exchange, the components of this material are also losing ground as aluminum (-11.60% since January 1) or lead (-25.29% over the same period).
At issue: a doubt on the prospects of the sector which has strengthened since China announced placing steel in his sights. According to a statement from the website of the Ministry of Finance on Tuesday, the country will give tax rebates on exports of several products including steel and nonferrous metals, and that from 15 July. China justifies this decision by the fear of overcapacity in the sector when the economy goes again on the basis of a policy of credit support.China, world's largest producer, saw its production continues to increase by 20.7% in May year on year to 56.1 million tonnes.
The government, which wants to avoid "blind investment" and too many expansion projects, puts an end to these tax rebates that block trade relations with many countries. EU and U.S. impose a particular anti-dumping tax to restore competition they feel more loyal to several Chinese steel products.
Approaching the summit of the G20, this news is seen by observers as a new important gesture by the Chinese authorities, after announcing an easing of the exchange rate of the yuan.
Arc elorMittal sees a slowdown in demand
Meanwhile, ArcelorMittal was one point on the demand in the sector.According to the world's number one steel company, the apparent demand and actual demand for steel should remain positive in the second half of the year, will face even slower during this period. "European consumers are in a waiting phase. At the same time, stocks are still low, "said Lakshmi Mittal, CEO of the group. The latter believes that the problem is the same in the United States.
According to Lakshmi Mittal, the economic situation remains bleak. "Housing is still visibly weak. The car is still robust. The market for capital goods began to improve and engineering improves. However, the steel industry should return to its pre-crisis level until 2012.
This view was confirmed on Monday spoke Federation World Steel Association (WSA) who believes that "if China, South Korea and Turkey have increased their production in May compared to 2007, the United States, Italy , Spain and Japan have not yet regained their pre-crisis level. " The WSA also notes that if demand is expected, stocks, themselves, continue to rise: Global steel production rose by 29.1% in May to 124 million tons, exceeding by nearly 10% of its levels before the crisis.
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19 Jun
Brussels pulls the alarm. Mobile phones, fiber optics, lithium batteries, solar panels, all these high-tech products depend for their manufacture, rare metals such as gallium and germanium. Problem: almost all of these raw materials become strategic in the hands of a handful of countries no fax pay day loan. Foremost among them China.
The European Commission released a report Thursday that is concerned about future shortages for fourteen of these elements, termed "critical" (*).
5 Jun
The Airbus A380 will be the star of the Berlin Airshow (ILA) which opens its doors next Tuesday. On June 8, the European manufacturer will deliver on the site of an A380 to Emirates lounge, the tenth to enter service in the fleet of the airline of Dubai. It will enter service between Dubai and London from 15 June. This is the thirtieth delivered by Airbus A380 in October 2007 to Singapore Airlines, the launch company.
The other highlight of the show should be for Airbus's announcement of a new Emirates A380 order with ten aircraft and farm options (at least a dozen well). Emirates is already the largest A380 customer with 58 orders. On May 13 at its conference statement, the company officials did not hide that, very pleased with the performance of large aircraft, they envisioned a new order.Asked Airbus declined comment.
Since its commissioning in October 2007 between Paris and Singapore by Singapore Airlines, the A380 has carried 5.5 million passengers to 18 destinations and made 14,000 flights. Airbus calculates that if these flights were made with the planes of the previous generation, they would have released into the atmosphere 620,000 tons of CO2.
15 May
Lashes on the legs, prohibition of toilet soap, humiliating in public, one thing is sure, those responsible for the Italian call center did not scrimp on ways to boost sales of their anti-vac mite. A method for the less iconoclastic that neither their employees nor the Italian police have clearly enjoyed. After a survey of more than three years, five leaders Italcarone, a company based near Florence, have indeed been arrested by Italian authorities, according to information reported Thursday by La Repubblica. A study that sheds light on how farcical the call center.
The days of hapless employees Italcarone began with a bang, by listening to the solemn national anthem of Italy, hand in hand to instill in workers with more motivation.Their mission was subsequently sold by phone cleaner anti-mite, subtly promoted "anti-mite vacuum electro-medical-surgical. On an actual value of 350 euros, the devices were proposed for 3,500 euros, or through credit, 94 euros per month. But the surest way to put the vacuum was still to be bought by the employees themselves! Therefore, the new recruits were being tricked out of a "guardian", to sell to family and friends of the newcomers. New recruits attracted by the promised amount of premiums in case they reach the goals – which does not occur and the lifestyle of expensive call center managers.
This last point has nothing surprising Italcarone is also accused of conspiracy and tax evasion by the Italian authorities.Sales in black society would amount, according to the Financial Guard, more than 4.5 million euros.
29 Apr
Once again, Apple imposes its views in Orange, SFR and Bouygues Telecom. For its release in France in late May, the touch pad, the iPad will not be sold in their shops. Duplicating its model designed in the U.S., Apple will book the sales in France to its own stores, both Apple Store opened late last year in Paris and Montpellier, its website and retail mix in electronics. Distributors Fnac, Darty and Boulanger, Surcouf, already used to sell iPhone and Mac, will be the four most affected, according to an industry source. This will involve "a large number of stores," said an already Darty spokesman told AFP.
The tablet, however, will not be found in the shops of the three operators.Then they hoped "to generate traffic with the curiosity that is likely to generate the iPad [...] Steve Jobs has imposed on them an absolute bar to" Les Echos noted Wednesday morning. Apple would indeed set the iPad closer to a computer than a smartphone. Orange, SFR and Bouygues Telecom will be content thus to propose specific plans for the 3G version of the iPad, as they already do for the iPhone paydayloans. According to the scenario under development, Apple will contact the operator chosen by the client to forward him a SIM card and Micro-activates its line. But all the steps and subscription management package will intervene directly on the iPad.
It is around the price and terms of these packages lie the remaining uncertainties.In the U.S., Apple set to AT & T plans to develop 3G no time commitment, to 14.99 dollars per month for 250 MB of data exchanged or 29.99 dollars for the unlimited. In France, the operator suggested that "the price and features of these packages will vary from the key 3G standard, which hover around 30 euros, according to Les Echos. In fact, they fear that the tablet from Apple, with its larger screen than the iPhone, is developing new uses more bandwidth-intensive, particularly video. This could bring down the price of subscriptions up. In the U.S. market, AT & T said, however, expect that the iPad achieve more WiFi version, thus saving the mobile network.
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10 Apr
At the opening, the Dow Jones rose 0.10% and the Nasdaq by 0.18%.
Despite an increase in enrollment weekly unemployment and a shrinking numbers of consumer credit, U.S. investors appear to have courage and choose again, these days, for optimism. They show little worried, finally re-emerging doubts about the ability of Greece to honor its debts. Perhaps partly because, unlike the French or German banks, U.S. banks are not exposed directly to the crisis in Greece.Banks also suspected for 18 of them have, over the last 5 quarters, artificially reduced their debt just before the end of the quarter.
No significant new flag is expected before Monday, except on Friday, figures from U.S. wholesalers' inventories for February, which will be published this afternoon at around 16H00.
Yesterday, while European stock markets in the green-mountain this morning showed an average decrease of 1% of their stars indices, the Dow Jones closed 0.3% awarded in the S & P 500 also, and the Nasdaq Composite 0.2%. One way to greet the rise, much higher than expected, sales of major U.S. retailers: Index by Thomson Reuters, they rose in March by 9.1% against 6.3% expected, the highest since 2000.Taking advantage of some better weather, 28 distributors have seen their turnover increase by over 9% a year, a further sign of improving consumer confidence. Gap saw its turnover grow by 11% against 3.7% expected and Kohl's, 22.5% against 12.4% expected cash loans Guaranteed approval ". In the luxury, Nordstrom posted sales up +16.8%.
These values should continue to lead the coast on Friday, and Apple, which yesterday announced a new version of its operating system for the iPhone and iPad, and sales 450 000 iPad since Saturday.
Also to follow, the aviation sector, led from the rumors of merger between U.S. Airways companies (+10.7% at closing) and United Airlines (6.8% at closing), Thursday, at the New York Stock Exchange.UAL (6.75% to 20.23 dollars), parent of United Airlines, is in talks with U.S. Airways (10.70% to 7.55 dollars) for a combination that would create the One of the largest airlines in the world, according to The New York Times and the Wall Street Journal. This operation would be carried out no exchange of shares.
China's ambitions to Tiffany, who wants to spend ten to thirty five the number of stores across the Rising Sun could give impetus to the value.
The California oil company Chevron (0.37% to 77.66 dollars a barrel) announced yesterday the results on the first quarter of 2010 as the fourth best in 2009. The group takes advantage of the rising oil prices and a possible improvement in its refining margins.The major U.S. must publish its accounts on April 30.
In the pharmacy, the distributor McKesson Corp. said it will sell its Asia Pacific unit, which provides health services through telephone and Internet, Medibank Private Limited. Giant Australian health services and insurance.