15 May
The annual transfer window began, but it's not even that of facilitators. In the wake of presidential elections, what are the directions of the various editorial radios and TVs that move the lines. At accounts, those that have failed to boost audiences draw conclusions for their leaders. Albert Ripamonti and just thanked the management of information in the chain i-TV. "Our peak audience was three years ago, before the arrival of Albert Ripamonti. Since we have been falling, "whispers one in the chain. It could be replaced by Celine Pigalle, editor of the Morning of Canal +.
Similarly, Arlette Chabot is moved away from the direction of information on Europe 1, the morning is worth it. Officially, Denis Olivennes, president of Europe 1, and Arlette Chabot agreed at the outset that the journalist would leave the station after the presidential election. But internally, we observe that the "information did not take off at election time, and hearings were held to entertainment."
His successor, Fabien Namias, who had learned his trade in the station of the Rue Francois I, returns after only two years at the helm of the political department of France 2. Thierry Thuillier, head of France Televisions essays, sees no downside: "It's part of the trade, he says. Namias Fabien spent two years here, it serves to further his career payday advance. That's fine. "Europe 1, which has undergone many changes over the past four years, could enjoy the arrival of a man who knows well the drafting and home.
The test of presidential
It is internally that France 2 could find his replacement. Bornstein Gilles, or St. Cricq Nathalie, who invented successfully "Words and deeds," could be promoted. But for Thierry Thuillier, who made the France 2 channel benchmark info, the focus is now elsewhere: "The major issues are now on the side of the economy and Europe and less than that of political . "Similarly, after France 2, Thierry Thuillier is determined to set the course for the info on France 3. And indeed, respecting the saying "we do not change the winning teams' media such as RTL, Radio France, France Televisions BFMTV or retain all their captain who provided effective coverage of political news in recent months . More complicated is the case of TF1 whose service info has pitched terribly wrong after the audience ratings of the presidential election. The first private channel hopes to catch up today with the handover.
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10 May
Between austerity and growth, Spain and Portugal chose austerity. The two countries have had the opportunity on Wednesday to position themselves on the subject after the election in France of Francois Hollande. Met yesterday in Porto at the twenty-fifth summit Iberian, the two heads of executive kept intact their desire to fulfill their goals of rigor.
The Spaniard Mariano Rajoy and the Portuguese Pedro Passos Coelho spoke with one voice. Asked about the possibility of surrendering to 2014 – instead of 2013 – the target of increasing the public deficit below 3% of GDP, the Spanish prime minister responded without ambiguity. "The debate is not how to relax the requirements, but how to respect our commitments," said Rajoy. "Do not spend what we do not have is a good policy, he said. Spain signed the pact budget and considers it to be maintained. "
Structural reforms
Passos Coelho has said the same direction. Portugal depends on the conditions of a European aid plan, said the Prime Minister, and "if it fails to meet its objectives, it will engage with a new plan that will be more expensive, longer and more expensive socio-economic terms. Nobody wants that. "
The design of the growth of the two leaders did not have much to do with the defenders of the stimulus. "We run growth policies in Europe and in our country, argued the Spanish head of government. We adopt structural reforms that take effect in the medium and long term. "
Since taking office four months ago, Rajoy flexibilized labor law, encouraged bank mergers and generalized rigor. Passos Coelho also expressed the way forward: "We can not grow if the debt is unsustainable, he thought. Fiscal restraint is the first step of a return to growth. "
Only concession to the stimulus, the role given to the European Investment Bank. "We defend the idea of reinforcing the EIB to take into account SMEs and micro-businesses," said Passos Coelho well.
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27 Apr
The output of the Kindle Fire turns to the correction for all other manufacturers of Android tablets. In February, just four months after its release, the tablet from Amazon in the U.S. represented over half of the market (54.4%), excluding iPad, according to data from comScore Institute released Thursday. His closest competitor was the Galaxy Tab by Samsung, whose share decreased from 23.8% to 15.4% in three months. Other models, such as Motorola Xoom, Asus and Toshiba AT100 Transformer, got only the crumbs.
These data, comScore estimated by using the number of tablets that connect to the Internet every month, have not been confirmed by Amazon. As usual, the maker of the Kindle Fire refuses to give precise sales figures, even if the indicators that are favorable to accumulate. His tablet is "being the best selling, most available and most desired" by customers on Amazon.com, he simply has to announce in the press release accompanying the publication of its quarterly results Thursday.
The excellent launch of Kindle Fire in the United States, the only country where it is sold to date, shows that the market shelves can extend far beyond the iPad. With its 7-inch screen diagonal (17.8 centimeters), its list of functions reduced to essentials (no 3G, no camera, no accelerometer), the Kindle is sold only Fire $ 199, two times less than the first iPad. At the point where we now ready to Apple intends to expand in this segment, by launching an iPad smaller and cheaper.
"Google has lost control of Android tablets"
Hollow, the success of the Kindle Fire also highlights the poor performance of other Android tablets before. Apple sold 35 million iPad last year, against 5,000,000 in 2011 for Samsung, its nearest competitor. The arrival of Amazon is not necessarily good news for Google. Fire Aboard The Kindle indeed deeply modified version of the Android system. "It's official: Google has lost control of the market for Android tablets," headlined the Thursday specialized site Business Insider.
For Amazon, this strategy is paying anyway. As there is already reached in the Kindle eBooks with classical Kindle Fire means it can sell more content in digital format, including films and television series. "Customers buy a lot of content, is seen particularly in North America with sales of cultural goods between the fourth and first quarter which is accelerating," explains the chief financial officer, Tom Szkutak.
Throughout the quarter, according to figures released Thursday, sales of cultural goods on Amazon increased 19% to $ 4.71 billion, while sales of other goods and electronics surged 43 % to 7.97 billion. The good surprise came from the profit, down 35% over the same period last year (130 million), but well above analysts' expectations. Friday, the action progressed over 15% at the opening of the NYSE.
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16 Apr
The Lada 2107 was an evolution of the Lada 2101, which was partially a licensed copy of the Fiat 124 of 1966. It was produced in Russia since 1982 on the banks of the Volga in a huge industrial city called Togliatti, named after a founder of the Italian Communist Party, Togliatti. In the 1980s, he left the plant of AvtoVAZ over 700,000 cars per year.
Lada was born in Russia in June 1970, shaped by the automaker AvtoVAZ, and originally destined for the Soviet market.
Between the decades 1980-1990, the production of Lada was widely exported, up to 60%, primarily west of Europe, except the United States, only major country not to have imported the mark. Since this period, a total of over 18.5 million Lada labeled "Rivas" was recorded.
The term "Lada" meaning "boat" in old Russian, the brand has always been characterized by very basic equipment personal loan for poor credit. Its logo is also a Viking longship, echoing the supposed strength of his cars. But a key to the success of this car is its Soviet economic price: he had to rely Euro 2800 – with the aid of the state to offer the Lada 2107. Something to be looking at least the lack of comfort, and limited accessories offered the Lada 2107: a radio and a fan.
AvtoVAZ has already bet to replace the veteran by more modern models such as Kalina, Priora and Granta. While relying on the car "ultra-low cost" during the project with Renault, which owns 25% stake in AvtoVAZ.
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29 Mar
After the United States, Canada, Britain and Japan, Google is embarking on movie rentals in France. "Several hundred feature films from major Hollywood studios and French are available for rent today," said Google France Thursday on his blog.
The films include new releases available at 3.99 euros in high definition and VF, such as Drive, Tintin and The Year of the State, and feature films catalog at 2.99 euros (3.99 euros HD) as The Jerk, Pirates of the Caribbean and Inside Man. These films come from partnerships with EuropaCorp, M6 Video / SND, Europe Disney, NBC Universal and Sony Pictures. The lease is for one month, and the reading must be completed within 48 hours.
Play Google, reply to iTunes
Movie rentals enrich Google under "Movies" from YouTube No teletrack payday loans. They are also the new Google platform Play, launched in early March, which integrates the Android application store (eg Android Market) and could accommodate the service Google Music at its launch in France.
With "Play", Google seems to replicate the strategy of Apple's iTunes. The films are not only readable from a computer, but also from within the application "Google Movies Play 'on the shelves, and Android smartphones (but not television). Sign of the importance of Google Play, a link to the new service appears in this week since the navigation bar of Google, along with research, Google Maps and Google +.
28 Mar
It was too dry in southern Europe. Particularly in Portugal, where the month of February was the driest in 80 years, and Spain. "The disturbances do not pass. (…) We are witnessing an upsurge in forest fires and streams experiencing flow rates up to 80% below normal, "noted recently The Weather Channel. "No improvement, or real return of rain is expected," worries do we, as the drought could lead to "catastrophic harvest."
Red indicates a severe drought.
19 Mar
Users are indeed more likely to make purchases from the shelf but it's mostly e-commerce, according to a survey conducted by Orange. And if they plébiscitent reading news on this screen pleasant, that finds her diary, they are not necessarily willing to pay. In the U.S., only 14% of users have an application fee information, the survey conducted in the fall by the Pew Research Center Center among 1200 users. Only 21% would be willing to pay $ 5 a month to access their preferred source of information on shelf.
In France, the time spent reading newspaper articles increased by 75% for tablet users. The tablet has changed the online consumer and has particular evening.
"63% of these same consumers prefer the traditional players in the information, having a strong brand, aggregators like Google News," according to a study by the agency Starcom and BBC.com. But only 2% of households are equipped … And it is especially the magazines that have taken their game from the start by providing copies of pay. Newspapers rely surf craze enhance their subscription offer which allows to find the newspaper on all media.
"Buy simple and painless"
In addition to revenue from advertising, some also hope to sell their content on the tablet. "People are willing to spend as long as the act of purchase is simple and painless, around € 0 my credit score.10 article," said William Multrier, which launched YouMag, an aggregator of content by topic, iPad . "The economy of the media on the net is made of small numbers." Ad rates have fallen "but the production costs of essays pure player more," Sire Cédric assumes, of Webedia. Clearly, traditional media will survive after a diet, tablets or not.
Especially as intermediaries try to capture this market. Several aggregators have joined the race. They propose a new reading experience. Flipboard, for example, appears as the contents recovered a magazine on social networks. But the media are wary of these intermediaries that undermine the unity of the mark (before they bought a newspaper and not an article or section). Moreover, "they are only useful for more widely distributed paid content. Otherwise, on the free items, they cannibalize our advertising revenue, "says does one group within the French ePresse Premium.
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26 Sep
Tighten controls on market operators: it will be a priority of the successor of Oswald Grübel, the CEO of UBS who resigned this weekend after the discovery of a loss of $ 2.3 billion caused by a dishonest trader.
But the Swiss bank is not alone in feeling concerned. All trading rooms around the world have the fear of these traders "crazy", they keep trotting out the litany of Nick Leeson, the destroyer of Barings, to Jérôme Kerviel, the world record with 5 billion euro soared to Societe Generale. And each new scandal, as that caused by Kweku Adoboli at UBS encourages to review the effectiveness of brigades antifraudeur.
In 2008, after the disappointments of Societe Generale, Bercy was imposed on Societe Generale, BNP Paribas and Natixis other a plan of attack.Knowing that the supervisory authority requires more or less equity trades across markets depending on the quality of procedures for prevention and detection, the effort proved intense. "The work that was conducted in French banks would have allowed UBS to avoid this fraud," says Benoit Genest, director of risk modeling to consulting firm Ares & Co.
Behavior analysis
It must be said that the modus operandi of Kweku Adoboli reminiscent of Jerome Kerviel. The index trader UBS is accused of fictitious transactions rose, from 2008 to hide unauthorized positions. To locate this type of martingale, French banks have muscled their risk control systems and require confirmation and signatures to all floors. The positions are valued at their nominal and not just in terms of their net worth of blankets.But hunting is not just a matter traders crazy numbers. The behavioral analysis is essential payday loan.
Banks take very seriously the obligation to their teams to take two weeks off in a row. Not always easy to organize when the holidays are reduced in some countries like Hong Kong. Especially as the human drive to ensure that details two "friends" of a trading floor can not take turns (and hide their possible combination). For the same reason, traders no longer allowed to fraternize with brokers who do their bidding. Farewell invitations lavish gifts and generous year-end. The managers themselves are trained to identify the stress level of their troops. A trader is often fool someone who originally did not dare tell her a little higher "palm".As for those who, like Nick Leeson and Jerome Kerviel Kweku Adoboli now, have gone through the support functions, they are observed under the microscope …
It's new, each operator sign contracts every year a mandate that defines the size of the playground: what products he is authorized to treat, what maturity, what currency, which limits … So any foray outside of this area can be identified. The aim is to ensure that the trader does not abnormal behavior, such as more frequent transactions or unusual amounts. It is no coincidence, moreover, if the fraud often arise when markets are heckled, when finally the abnormal becomes the norm. "Studies show that the risk of fraud is increasing in times of market turmoil," warns Benoit Genest, Ares & Co.So vigilance …
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8 Sep
The speech of Jean-Claude Trichet, ECB president, did not like at all to investors. While the Paris Bourse continued its technical rebound until 2:30 p.m., the announcement by the institution of a revision of growth forecasts for the euro area has changed the trend. The ACC is back in the red and leaves about 1% to 2:50 p.m..
In the morning, the stock market continued its technical rebound began Tuesday after a session that saw the CAC 40 jumped more than 3.5% beyond 3000 points. The benchmark index of the Paris Stock Exchange began the day on a stable note, down from 0.08% to 3070.58 points. But at mid-session, the CAC in advance of 0.63% allowing the Paris index to approach the 3100 points to 30,092.41 points exactly. On other European exchanges, the movement is the same.London lost 0.08% at the opening before turning positive again (0.83%), while Frankfurt climbed 0.84%. As in Asia this morning, traders expect the set of indicators of days before taking a position. Unlike previous days, the agenda will be very busy in the U.S. and Europe.
Not surprisingly, the ECB rate remained at current levels, at 1.5%. But the European Central Bank has revised downwards its growth forecast Thursday for the euro area, and taking note of the recent negative developments in the economy and the mood in financial markets. The ECB now sees growth of 1.6% in 2011 for the euro area. However in June it had the opposite raised its forecast to 1.9%. For 2012 it expects growth of 1.3% against 1.7% previously.Inflation expectations remain unchanged at 2.6% this year and 1.7% next year.
The U.S. employment under the microscope
United States, several indicators of the health of the economy will fall during the session. Among them, the trade balance, weekly jobless claims and oil stocks. The consumer credit will be available after market in Europe.
Two discourses are also highly expected on Thursday, those of Ben Bernanke and Barack Obama. The Fed chief will speak at around 19 am, French time, the Economic Club of Minnesota. Investors await details about how the Fed intends to support the economy. This intervention will follow the publication yesterday of its Beige Book, which again reported a moderate growth.For his part, Bush will speak on Congress to 1 am, French time, on employment and growth. It should detail a plan for employment that would reach $ 300 billion, raised yesterday by the U.S. media.
In France, growth in employment has slowed
In France, INSEE announced that the dealer paid employment decelerated in the second quarter.Principally market sectors have created a total of 33,300 jobs over the period April to June, from 78,300 in the first three months of the year, an increase of 0.2% against 0.5% the previous quarter.
The trade deficit widened further in July, reaching 6.46 billion euros in seasonally adjusted data, weighed down by a rebound in imports, Customs officials said Thursday.
Moreover, according to the OECD, economic growth in developed countries could slow sharply, see stalling in the second half and central banks must be prepared to ease monetary policy by lowering interest rates or intervening on markets.The Organization for Economic Cooperation and Development predicts that growth in the G7 should not exceed 1.6% annualized in the third quarter and is expected to fall to 0.2% over the last three months of year. In France, activity is expected to increase only 0.9% and 0.4% annualized, against 1.8% and 1.9% previously expected.
On the currency side, the euro fell again in the late morning at 1.4079 dollar.Oil, he, rising as a result of the prolonged interruption of production in the Gulf of Mexico due to tropical storm: a barrel of "light sweet crude" for delivery in October gained 41 cents to 89.75 dollars a barrel of Brent North Sea crude for October delivery takes 18 cents to 115 Internet Payday loans.98 dollars in morning trading.
Values to follow on Thursday
• Banking
Stress tests imposed on European banks have made "transparency and clarity" on the strength of their balance sheets, said Wednesday night a Treasury official in the United States.
Banks react well. Among the largest increases in Société Générale took CAC 3.72% (at 20.01 euros), BNP Paribas 4.49% (at 33.06 euros) Crédit Agricole 3.06% (at 5.92 euros).Natixis took the head of the CAC 40 (4.77% to 2.65 euros).
• Areva (-0.20% to 20.74 euros)
The French nuclear group Areva said Thursday was ready to process the spent fuel still present on the site of Fukushima and propose to the Japanese government and the company Tepco lasting solutions to manage the post accident.
• Gemalto (5.46% to 35.43 euros)
The title leads increases the SBF 120, the group is in the midst of "road show", between August 26 and September 15, analysts point out. The action bounces also important on a technical device, which accentuates the rise in the stock, analysts note charts.Since August 25, the title was up over 13%.
• EADS (-0.85% to 21.69 euros)
The group is ready to dip deep into a war chest of $ 16 billion (11.3 billion euros) to finance its expansion in the U.S. and is in preliminary discussions with several potential targets, said Wednesday its chief executive for North America.In addition, the European missile manufacturer MBDA, in part by EADS, would be forced to reduce its workforce by 400 jobs by 2015, according to La Tribune.
Airbus, a subsidiary of EADS, is also considering a third increase its production capacity in one of its scenarios for 2018 to meet demand, the success of the A320 Neo scarce slots delivery before 2020, The Tribune reported Thursday.
• TF1 (0.34% to 10.38 euros) and EuropaCorp (-0.91% to 3.90 euros)
The two groups announced Wednesday the signing of a Framework Agreement for development to produce the series in English for television.
• Ipsos: -2.20% to 26.90 euros
The group has launched a capital increase in cash of approximately 200 million euros to finance the purchase of Synovate.
• GDF Suez: + 0.32% to 20.55 euros
The group will transfer to the Italian ENI participation of 10.4% in gas fields in the North Sea to pay off debt, reported Thursday Les Echos.
• Technip: + 1.73% to 67.03 euros
In consortium with National Petroleum Construction Company (NPCC), the group won a contract worth about $ 500 million for engineering, procurement and construction of the project Satah Full Field Development, a field located 200 km northwest of Abu Dhabi (UAE).
• Sanofi: -0.54% to 49.65 euros
Genzyme, the biotechnology laboratory of the U.S. bought by the French group, was unable to deliver its drug Fabrazyme in August, although it promised to doctors and patients to meet this deadline.U.S. regulators have made public Wednesday letters from Genzyme dated August 26 and 25 where the laboratory apologizes to its customers and for people with Fabry disease, a rare genetic disease, for "any confusion and disturbance "caused by the delay.
• France Telecom: + 0.37% to 12.19 euros, Vivendi: -1.06% to 15.89 euros
The new tax passed by the government as part of the new austerity plan should give priority, penalize these two groups, according to Les Echos. France Telecom should be paid to these measures between 300 and 500 million. Vivendi would see him, his taxes increased from 250 to 400 million.
Next recommendation goes to Credit Suisse under-performance against neutral Ipsen (0.28% to 23.02 euros). Societe Generale goes with the purchase of Biomerieux (2.09% to 71.40 euros).
22 Aug
Giving the trend of the European market yearlings, Deauville sales start today. For four days, 478 thoroughbred yearling will be auctioned in the ring establishment Elie de Brignac, located opposite the racecourse The Touques and completely renovated. Of these, 340 were born in France and "income" and therefore qualified for the bonus to the owner, in addition to the allowances paid if they win or place in racing gallop in France. The origin of most of England and Ireland, but also from Germany and some of United States.
After the disappointment registered last year (down 17% the average price of yearlings), the farmers hope that the market will recover. But the economy remains sluggish in Europe, Eric Hoyeau, president of Arqana, organizer of sales, remains cautious."Our goal is a slight increase compared to revenues in 2010, which was 29.3 million euros."
In the spring, some 2,000 yearlings were in the running. After examination of their pedigree, about 1000 were selected. Then, the teams toured Arqana stud farms to examine their model, their appearance, their health … In the end, they were divided between the two sales held in Deauville in August (the most prestigious) and October ."More balanced, combining quality and diversity, the 2011 catalog of the sale of August is an excellent year," said Eric Hoyeau.
Children of champions
No less than 114 stallions are represented, with a large battalion of son and daughters of very large foreign-based sires such as Danehill Dancer, Galileo, Dylan Thomas (35 000 euros per project), Duke of Marmalade (40 000 ) or Montjeu Dalakhani, father of Reliable Man, winner of last June's Prix du Jockey-Club cash advance to savings account.
Their children could burn the auction.For large investors or their representatives (brokers, coaches) from around the world (Britain, Ireland, Japan, USA …) on the Normandy coast, arriving with the hope to get your hands on foals or fillies may, at the age of three years, winning such prestigious races as the Prix du Jockey-Club, Diana, the Epsom Derby or the Prix de l'Arc de Triomphe.
But it would be very surprising that the sales record, established in 2002, beaten. At the time, Sheik Mohammed al-Maktoum did not hesitate to pay 2 million euros to buy the filly Vimy Ridge.
Owner of the Godolphin Stable, one of the largest in the world, the emir of Dubai buys yearlings in the world, like its brethren its re Sheikh Hamdan.Last year, their absence on the Normandy coast, because of Ramadan, and the discretion of their representatives were the main causes of the fall (- 28%) of revenues from sales of Deauville.
Although lagged ten days, sales fall again this year in the period of the Muslim religious festival. But the interest of Australian investors and Eastern Europe, including Russia, not to mention the strong French customer, could surprise on the upside.
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