PSG back, this time on the judicial scene. Since last Monday, said the trial of "questionable transfers" opened at the Paris Correctional Court.

At the helm, Lawrence Perpère and Francis Graille, the presidents of the football club Paris at the time, the club itself, Nike France, two of its leaders and new players' agents, referred to "forgery and using false and unauthorized practice of the profession of players, like Richard Bettoni or Rako Stojic.No player is concerned, even if they could tax adjustments.

Between 1998 and 2003, the PSG players like Ali Bernabia or Ronaldinho would have received salary supplements that enabled PSG to pay less payroll and players less taxes, as magistrates pole of the Palais de Justice , Paris Renaud van Ruymbeke and Françoise Desset, who are investigating this issue since 2005.

Fictitiously inflating their role and responsibility, all 25 players involved have been inflating their commissions, and creating images contracts with Nike, they hit pay additional cash advance . These are the components of the charge.

The image rights dispute

The President, Quentin Chantal, the court stated that "some abuse of social good has been a non-place '.In other words, there was no personal enrichment.

On the image rights of players, Nike France says she bought them with consideration. But the president noted the "messages" which, for the prosecution proves the caratère fraudulent transactions between Nike and the PSG. "If it happened that the sponsorship contract is terminated, the PSG is committed to guarantee the payment of such sums," Francis Graille mentioned in a note.

This issue of image rights will be discussed on Tuesday and Wednesday. The trial is expected to end April 14. The three remaining weeks will be spent on transfers.

The defendants face up to three years imprisonment and 225,000 euros fine for corporations. PSG may also pay 5.8 million euros that could be claimed by Urssaf.

Under no fax paydayloans, an applicant can apply for any amount between $100 and $1500, considering the importance of the ends.

The Chinese inflation seems under control. The index of consumer prices continued to rise in February to 2.7% but remains below the 3% limit set by the government. This figure was drawn by the waltz of the labels of food products due to appalling weather conditions and to celebrate the Lunar New Year.

The Chinese authorities remain confident. "We believe that rising prices will remain moderate and controllable. So we must stabilize inflation expectations, "said a spokesman for the National Bureau of Statistics (NBS).

The owner of the Banking Regulatory Commission, Liu Mingkang, displays the same serenity: "Do not worry about inflation.The index of consumer prices and the index of producer prices could increase slightly "in view of the process" complicated "global economic recovery," but only moderate inflation is unlikely.

Still, the resumption of exports has caused a jump in industrial production by 20.7% over the first two months of the year. Investments in fixed assets (buildings, factories, equipment, …) it has boomed by 26.6% over the same period. Domestic demand is no exception, retail sales rose by 17.9% yoy in January-February.

Still, "we do not believe the inflation risk," wrote in a note Xu Bei, economist at Natixis. She recalls that the figures are distorted by a base effect, the statistics of early 2009 was very low because of the crisis."By comparing the price index of the beginning of this year compared to 2008, the price increase is only 1%."

The government, on the other hand, already started to tighten monetary policy to prevent a runaway economy and prices. It set to 7.500 billion yuan (800 billion euros) the level of loans does not exceed by banks in 2010, against 9590 billion yuan last year. The effect would be felt in February: Chinese institutions have issued 700.1 billion yuan this month, almost two times less than in January (1.390 billion yuan).

The president of Toyota, Akio Toyoda, today apologized for the recall of its models in an interview on public television NHK.

"We are extremely sorry for having caused discomfort to customers," said president of the Japanese group, interviewed on the sidelines of the Davos Forum in Switzerland. Toyota is looking for reasons for the problem and explain to customers to allay their fears, "he added.

Up to 1.8 million: the number of cars sold in Europe that the Japanese car manufacturer Toyota will recall at its plants, a lack of accelerator pedal already detected in the United States, Canada and China .Toyota had announced the recall Europe before yesterday, but without the encryption.

Eight models concerned

A statement from Toyota, "the precise number is still under consideration, but could reach 1.8 million vehicles" recalled in Europe. Eight models are concerned: AYGO, iQ, Yaris, Auris, Corolla Verso, Avensis and RAV4. But "no Lexus or any other Toyota model is affected," says the group.

The cause of the recall is a defective design of the accelerator: in some cases, the pedal may stay locked in position down free credit report .The same problem has already caused the recall of 270,000 cars in Canada, 75,000 in China and 2.3 million primarily in the United States, where the group has even had to suspend production and sale of eight models, an unprecedented step.

"There is no need or intention to stop production in Europe," says Toyota Friday, who said he uses the more contentious parts for cars sold on this continent. The Japanese group says he tries to normalize the situation as quickly as possible, saying he has "found a solution to the problem" and that it will provide instructions to all its customers when its effectiveness will be verified .

Tadashi Arashima, head of Toyota Motors Europe, has also tried to reassure by saying that the accelerator problem "happens only in very rare circumstances.The action announced is a preventive measure, intended to ensure the highest standards of quality for all consumers. " "We recognize that the current situation creates concern, and we deeply regret," he further stressed.

After the euphoria of recent days, the time for consolidation. U.S. markets were closed Tuesday in the red, ending a series of six consecutive sessions of gains. The rise in consumer confidence, the highest since December 2007, the figures and stable real estate did not convince investors. Results: From Tokyo to Paris, via London and Frankfurt, all exchanges are this Wednesday, in the red.

Thus, as expected, Wall Street began the session on a tentative note, but still negative. The Dow Jones dropped to 0.35% open and yielded almost 34 points, to 10,511.56 points.Same trend towards the S & P 500 has lost 0.31% at 1122.68 points while the Nasdaq Composite has dropped from 0.23% at 2283.07 points.

Just after the opening, the Chicago PMI index for the month of December has given a reason for clues to recover and move toward equilibrium, or even find the green. Economic activity in the Chicago area accelerated against all odds: the index rose by 3.9 percentage points to 60 points all round. This figure is considered a leading indicator of manufacturing activity at the national level.

Airlines monitor

According to information from The Wall Street Journal, the American GMAC Financial Services (0.75%, to 18.85 dollars) could benefit from additional public help than 3.5 billion dollars from U.S. authorities .It would occur in addition to $ 2.5 billion collected in December 2008.

The way Johnson & Johnson (-0.15% to 64.84 dollars) is being monitored. The FDA, U.S. health officials rejected a license application filed by the pharmaceutical group on ceftobiprole, treatment of skin infections of the skin structure. The Swiss Basilea Pharmaceutica had granted an exclusive worldwide license to the ceftobiprole Cilag, a subsidiary of Johnson & Johnson.

Also in the same sector, Pfizer (-0.11% to 18.54 dollars) has announced its decision to terminate its phase 3 trials for the treatment of cancer, figitumumab.

A follow also the share prices of U.S. carriers Delta Air Lines (-0.79%, to 11.24 dollars) and American Airlines. Both eyeing the ailing Japanese company Japan Airlines (JAL).But rumors about a possible bankruptcy JAL has already had a falling action of the latter to the Tokyo Stock Exchange Wednesday.

Moreover, U.S. markets, airlines are also suffering: Index NYSE Arca Airline loose opening 1.06%, with 10 out of 13 companies listed in this index in the red.

Another repercussion of difficulties nippon, the dollar regained ground against the yen for the second consecutive session, reaching a recor of two months. Therefore, gold has dropped below the $ 1,100 an ounce. "Given the dollar's recovery, it is possible to see the yellow metal down to $ 1,050," analyzes James Moore of TheBullionDesk.com.

As expected, the government has again decided against increasing the minimum wage above the statutory minimum. According to the opinion of November 30 last by the group of experts chaired by Paul Champsaur, the minimum wage increase will be limited, given the low inflation observed on Tuesday by INSEE at a rate of 0 , 5%, raising the hourly minimum wage to € 8.86 gross instead of 8.82 or 1343.77 euros gross per month for full time.

Under the reform of the minimum wage passed in late 2008, the adjustment of the minimum wage will apply from 1 January rather than July 1, so as to precede the wage negotiations and corporate sector, which may well occur knowingly.This adjustment should cover some 1.6 million people according to a recent study by the Department of Labor, more than 10% of private sector employees.

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It took perseverance. After a standoff with the government, UMP deputies finally voted against their amendments, which had the support of other groups. The crucial issue was to ensure that local authorities revenue sufficient substitute. Thus, the principle of territoriality of the reassessment will be implemented and communities benefit directly from taxes paid by businesses in their territory.

The day before, the UMP deputies gave up back on the exemption of TP in firms with less than 500,000 euros of turnover. One of the rejected amendments included in effect of exempting TP businesses up 152,000 euros of turnover, instead of 500,000 euros, as desired by the government.In counterpart, Christine Lagarde had to remove the two amendments that were presented in the draft budget law to establish a "national equalization" of the new contribution.

Debate November 19

In summary, the economic contribution territorial (CET) will replace the business tax. It will consist of an assessment of local activity (professional land) and a supplementary contribution to the value-added businesses. As proposed by Gilles Carrez, the supplementary contribution will be allocated to the communes and inter-municipal, or 2.3 billion euros of contributions.The debate on the base of the supplementary contribution will continue in the Senate.

But all fears were not lifted so far, including the Association of Regions of France (ARF) which considers that the regions are excluded from political debate on local taxes. "The draft 2010 budget law removes the regional tax base built property tax, only regional tax in connection with the household," says the ARF in a statement. The Association of Small Cities France (VFPA) also announced Friday it would intervene with the Senate on the removal of business tax (TP), after the rejection by MPs of amendments prepared by the Finance Committee of House. The debate should be further pursued in the Senate from November 19, then joint commission.

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The upturn could be short lived. The rise of European registrations in September (+6.3%) explained by the fact scrap premiums up on most of the Old Continent. However, for reasons of public finances, these devices will be interrupted in many countries. This is particularly the case already in Germany (21% in volume last month), where a bonus of 2,500 euros has led to the sale of 2 million vehicles. They will however be delivered, so registered and, until early next year. For its part, Britain has extended this premium should stop soon for 100,000 vehicles, a few months. La France, for his part said that the amounts of the premium would be reduced by breaking twice in 2010, from 1,000 to 700 euros from 1 January, then 500 euros on 1 July.

Second reason not to give in to optimism, the September 2009 figures compare to a low in September 2008 when sales had fallen by 8.1%. The volumes slumped further thereafter, the comparison with 2008 may be further supported by the end of the year.

With the effect of scrap premiums, manufacturers have continued throughout the year to revise upward their forecasts for 2009, having anticipated in early declines of about 20%. In July, Renault expecting a market decline this year by 8% compared to 2008. Philippe Varin, the boss of PSA Peugeot Citroen, was estimated at the Frankfurt Motor Show in mid-September that the decline would be "approximately 10%. In the first 9 months of the year it stood at 6.6%.

Next year could prove equally difficult.According to Carlos Ghosn, CEO of Renault, the real recovery will occur on the continent as late 2010 or early 2011. The group expects next year to a market downturn between -8 and -10% compared to 2009. The diagnosis is similar to Jean-Marc Gales, director of Peugeot and Citroen. According to experts, Germany alone could lose 1 million car sales next year compared to 2009. You'll then have several years to recover. According to the firm Alix Partners, Europe did not return until 2014 its 2007 volumes.

Offensive Ford, Renault and Fiat

For now, some manufacturers are spared, the game is the case by Ford (17.8% in September), thanks to its new Fiesta, a small model. In late September, its market share reached 8.9% against 8.4% over the same period last year.Another winner last month, the Renault brand, which jumped by 21.1% (however, she recoils of 11.3% over 9 months), with a wide "very young", according to the manufacturer. The Fiat group is also shaped commercially, with an increase in registrations by 13.7% in September and 2.5% since the beginning of the year.

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Not that Renault suffering in Russia. The French retailer Carrefour, the world, announced Thursday its intention to sell its activities in Russia "in the absence of sufficient growth prospects." Carrefour is present in Russia since 2008 and operates two supermarkets in Moscow and Krasnodar, the statement said.

Carrefour had last week denied press reports that he was considering "the sale of its business in growth markets," noting that Brazil and China in particular remained a priority.The daily Le Monde had said that "the sale of implantations in Latin America" was "seriously considered a track" and the "bulk sale of emerging countries," the newspaper had mentioned initially, was "dismissed".

This will leave the Russian market comes as Carrefour announced disappointing sales in the third quarter. Lars Olofsson had not hidden earlier this week that the situation was difficult in a Interveiw The Wall Street Journal.

Indeed, the turnover of the group is down, but the group was "on track to achieve the 2009 targets."Operating profit before non-recurring items would still be in the lower range of 2.7 to 2.8 billion euros announced June 30

In the third quarter, the group recorded a turnover of 24.018 billion euros, down 3.8% in comparable stores, slightly less than expected by analysts (24.29 billion euros average).

Gain market share

In a statement, Lars Olofsson, the CEO of Carrefour, said that "in an environment that remains challenging, particularly in our markets of Western Europe, (the group) continues to gain market share in France, reflecting the success of Carrefour Market, which compensates for the disappointing performance of hypermarkets in the third quarter.

Carrefour reiterated its priorities for 2009 to invest 600 million euros to support sales and market share and reach at least 500 million of savings in operational costs.

In France, sales between June and September were down 4.2% in comparable stores to 10.400 billion euros (10.398 million consensus) with 5.292 billion euros in hypermarkets a decrease of 8% in comparable stores. Supermarket sales rose 1% to 2.292 million. In the hard discount they show a decrease of 7% on a comparable basis to 641 million.

Moreover, the group plans to change the pattern of its hypermarkets. According to the site of Les Echos, William Vicar will replace Alain Souillard, less than two years after his appointment as head of the 200 stores of the French number two worldwide distribution.

Internationally, Carrefour has achieved in Western Europe a turnover of 6.346 billion (-6.5%) while they increased in Latin America by 5% in the third quarter same-store sales at 3.368 billion. In Brazil, they rose by 14.2% at constant exchange rates, of which 3.9% in comparable stores. In Asia the turnover has however declined by 6.4% to 1.787 million in the third quarter.

Google introduced late Thursday its quarterly results counted for the period July-August-September. The profit comes up 27% to 1.638 billion dollars (1.097 billion), or earnings per share of 5.89 dollars, against 5.42 dollars expected by analysts. The turnover is also above market expectations which was banking on 4.24 billion dollars and which finally reached 5.944 billion dollars.

"Google had a good quarter (…) we saw a 7% growth in turnover over one year despite difficult economic conditions," said Schmidt, the CEO of the group. "We are now very optimistic about the future," he added.

Towards a recovery of investment

The U.S. giant said he was ready, through its director general, to "invest heavily" now that "the worst of the recession is past."There are 12 months (..) we decided to sail cautiously" facing the worst crisis in a generation, he said. "Now it is important to return to what we do well, innovate and invest."

For over ten years, the company specializes in the detection of small companies considered promising and may be enhanced by synergies with its operations. Among its most massive acquisitions, we find the redemption of the Youtube video platform in October 2006 for 1.65 billion dollars.

The group based in California, which had already indicated last month it was considering acquisitions, with 22 billion dollars in cash at 30 September, enough to finance several acquisitions.

In electronic trading after the close of business action gained 2.90% after the announcement of its results.