According to Mexican press, Vivendi and the Mexican group Televisa broadcasting are currently negotiating to bring candidates, common way for a new mobile phone license in Mexico, for an undisclosed amount. The announcement comes as the Mexican telecoms regulator, Cofetel, proposed on the market the equivalent of 120 MHz (Mega Hertz) frequency in the band 1.7 / 1.9 GHz (Giga Hertz). Your Shopping comments have yet been received from Vivendi.

The limit for submission of tenders is set for May 25 and the award (or) licenses is expected a month later. According to the press, Vivendi and Televisa will give until 15 February to agree this.

Latin America in the collimator

After Africa, so it is that Latin America is covered by the French group.Already, Vivendi, winning the battle against the Spanish giant Telefonica to afford GVT (2.8 billion euros), has offered to pass a strong position in the region.

Mexico and its 110 million inhabitants currently host three large operators, Telcel and Movistar in mind. "The penetration of mobile phones in Mexico is higher than 70%," says an analyst specializing in the field.

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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.

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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