The principle? These funds have a life fixed in advance and invest in corporate bonds they plan to keep the portfolio until the end, except in special cases (damage to the transmitter for example). Objective: To reap the coupon (interest) known from the start, they pay each year.

As a bonus, the capital is protected as the company that issued the refund obligation at maturity, at least if it has not failed.Even if the manager does not provide any formal guarantee or capital, or performance, the subscriber has a good idea of ​​what they can expect to run (he knows in advance the expected average coupon of the portfolio) if of course none of the companies whose shares have been selected not lacking instant payday loan.

Many management companies, Oddo, the French PM, Ofi AM, SPGP, EDRIM, Rothschild & Cie Gestion or Tikehau example, launched or will soon launch such funds. But sometimes very different approaches.

Edmond de Rothschild IM provides such a yield of about 5% per year for Millesima 2016. "Other funds exhibit higher returns, but with longer investment horizons.

To retain his title, the Finn will still fight hard. He also put a lot on its Windows Phone, the range Lumia, marketed since November 14 in six countries including France fast cash without a hassle.

She says Windows Phone should benefit from new smartphones from Nokia. The Finn is expected to expand its range and offer new Windows Phone cheaper. It will still wait until the second half of 2012 to attend a turnaround, and it provided that Microsoft manages to attract enough developers to make its ecosystem attractive to consumers. For now, it has only 35,000 applications. One-tenth of what is available for Android.

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As part of an "employment pact" Airbus has undertaken not to use any redundancies and maintain the skills of its four German plants. "We did not shut the door to this request for guarantee of employment, because of the visibility we have on our business," said Thierry Baril, HR Airbus bad credit payday loans.

The aircraft manufacturer is leading to a backlog represents more than six years of production. And Airbus has an "exit clause" to protect the company if the crisis was growing, says Thierry Baril. In return, the IG Metall agreed to increase productivity in line with expectations of Airbus, an increase of 5% net per year as against 3% today. The agreement also resolves the question of the use of temporary workers. Their share will be limited to 20% of the workforce between 2012 and 2015 and 15% between 2016 and 2020. These levels may be exceeded temporarily in case of increase in speed.

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Friday morning, in an interview Figaro.fr, the president of the SNCF had to call cool railway asking them to quickly resume work. After discussions with the unions in turn, management has committed to hold meetings with them to work to improve the security services. The first will be held Monday.

Traffic TGV, Corail and TER improved significantly Friday afternoon on the entire network, including 8-9 in 10 TGV from and to Paris and a TER of 2.But the return to normal really did that Saturday morning.

To find out if their train is running, users are advised to consult very Infolignes site, or call toll free (free from a landline) 0805 90 36 35.

Toll-free number and site of SNCF informationPotential always invites customers to delay their trip or take alternate means of transportation. Ticket holders whose train was canceled may obtain a refund, or take any train leaving for the same destination without the need to exchange their ticket.

The strike controller led Thursday the cancellation of all trains at night, and created a big mess all over the country. According to the station, all passengers stranded at the station in the evening were able to reach their destination or were assisted to find accommodation for the night.According to the Ministry of the Interior, it was not necessary to set up emergency housing plan.
Board trains at the Gare Saint-Charles in Marseille. Photo credits: GERARD JULIEN / AFP

"Deficit reduction is entirely due to the transport sector," stressed the customs in a statement. Remains that over the last twelve months, the gap between imports and exports widened to 66.8 billion euros, against 51.5 billion for 2010.

Exports reached on August 37.42 billion euros, up 2.9% at three months. Airbus sales have been strong high for the month of the year, thanks to the delivery of three Airbus A380 super jumbo no fax cash advance.In addition, France has delivered two satellites, one in China (112 million) and the other in the United States (130 million). The performance of aerospace and aeronautics, powered shots of large contracts, are very volatile from one month to another.

The rest of the industry has pretty well taken for export, Customs noted "particularly strong for industrial machinery and electrical equipment, industrial exports are fixed for the chemicals."

Imports in turn was driven by the manufacturing industry (chemicals, rubber, plastics, industrial machinery, etc.).. "Imports are also rising, particularly since the European Union (Ireland, Germany, UK and Netherlands), 'the Customs.

Thus, the European Central Bank (ECB), the U.S. Federal Reserve, the Bank of England, Swiss National Bank and the Bank of Japan have opened their facilities for dollar loans to European institutions in three months, at their request. The decision was hailed by leading international institutions including the IMF, through its President Christine Lagarde: "This is a clear indication on their part, from the two largest members of the euro area from a point of Economically, the future of Greece is truly in the euro area.This appears to be strongly rooted in them both, "she said Thursday night by referring to the Franco-German tandem. The same applies to the ECB: "We are all very closely 'united in one purpose,'" said last night Jean-Claude Trichet, president of the ECB.

A meeting of finance ministers in Poland

However, brokers are concerned that this improvement was not part of the time. "The coordinated central bank takes the market today," noted Toshiyuki Kanayama, broker at Monex, quoted by Dow Jones Newswires. But this does not solve the problem of the euro area should have a temporary effect. "Suddenly, all eyes have turned to Wroclaw in Poland, where there is a meeting of EU finance ministers on Greece.It should last two days and overcome the remaining obstacles to the implementation of the second plane to Athens to help avoid bankruptcy the country, totaling nearly 160 billion euros, decided July 21. Note that Timothy Geithneir, the U.S. Treasury Secretary, will attend the round table.

On the other side of the Atlantic, U.S. President Barack Obama said Thursday night that his plan for the use of 447 billion dollars could generate "up to 2 points of growth" and lower "a point unemployment ", by creating 1.9 million jobs, in a speech in Washington. And while the United States are experiencing an unemployment rate of 9.1%.

On the foreign exchange market, the euro kept most of the gains made the previous day.The European currency was worth 1.3848 dollars and 106.31 yen Friday morning, down slightly compared to 1.3882 dollars from the previous evening. Similarly, the oil price displayed in a small increase in morning trading, a barrel of "light sweet crude" earned 5 cents to 89.45 dollars per barrel of Brent North Sea 14 cents to 112.44 dollars. "This liquidity will likely prevent the recession to hit the euro area, supporting crude oil prices," said Victoire Shum, an analyst at Purvin and Gertz in Singapore.

On the macroeconomic front, foreign trade and balance of payments in the euro area for the month of July will be published on Friday.

In France, business start-ups in France rebounded in August after two months of decline.A total of 41,697 companies were created last month, according to Insee, a figure up 7.5% from July, which was the worst month for a year and a half.

United States, the net capital flows and the index of consumer confidence from the University of Michigan will be published early in the afternoon.

Values ​​to follow

Banking

Again, banks, led by Societe Generale (4.96% to 19.19 euros), Credit Agricole (3.30% to 5.70 euros) and BNP Paribas (3.92% at 31, 69 euros), will be scrutinized by investors, following the decision by central banks to help European institutions.

Air France-KLM (0.84% ​​to 6.11 euros) and EADS (+0.02% at 22.22 euros)

The manufacturer will control 50 devices equally between European manufacturers Airbus and Boeing, for a total of $ 11.3 billion (8.1 billion euros) to ensure the renewal of its fleet, say Les Echos to be published Friday.

Hermes (-6.08% to 252 euros)

Resumption of trading on Friday for the title of the luxury group, which was suspended the day pending the decision of the Court of Appeal in Paris on speculation about the fate of its capital due to a possible takeover bid by LVMH.

Areva (3.17% to 21.66 euros)

The group has suspended two months for the production of two French factories processing of uranium due to the decline in demand for nuclear power plants in Japan after the disaster in Fukushima, officials said Thursday from the French nuclear group.

EDF (2.25% to 21.09 euros)

Group and Electrical Delmi A2A and its majority shareholder, who jointly control Edison, announced the extension of their shareholder agreement until October 31 at number two in the Italian electricity.

In this third day of the 49th Paris Air Show in Paris, Airbus and Boeing continue to announce a set of commands. But it is the European leading the way since Monday, with its Neo A320 with about 550 aircraft ordered to date. John Leahy, Airbus commercial director, said the ability to view 1000 commitments Neo A320 orders by the end of the show. "We sold 727 neo so far," he said.

• Airbus: two giant orders coming

On Wednesday, we are still waiting for two big new Airbus.Qatar Airways is to order Airbus A320 Neo fifty. The company also had to sign, according to an industry source, the purchase of five A380s, the jetliner the European aircraft manufacturer. However, Akbar Al Baker, CEO of the airline, said Wednesday that Qatar Airways has not agreed to purchase the additional aircraft.

– LAN, the Chilean airline, has signed a firm order for 20 Airbus A320 Neo.

– India's IndiGo confirmed earlier this afternoon a mega-order for 180 aircraft which fall between 150 and 30 A320 A320 Neo, worth $ 16 billion at list prices. In addition, the low cost Malaysian AirAsia is currently negotiating a contract with Airbus that could be up to 200 A320 Neo.Tony Fernandes, CEO of the airline, is expected Thursday at Le Bourget.

– The rental of aircraft Kuwait Alafcosigne an agreement for six A350. Based on list prices only indicative, this represents $ 1.6 billion.

– The Latin American AviancaTaca company said Wednesday it has signed an agreement to purchase 51 medium-haul A320, including 33 re-engined A320 Neo. All of this command is a list price of about $ 4.5 billion.

– Republic (United States), parent company of Frontier Airlines, has signed a memorandum of understanding for 40 A320 and 40 A319 Neo Neo.

• Boeing booked orders less large

Since Monday, Boeing sign him, smaller contracts (41) for its Airbus 737 medium-haul, direct competitor to the A320 credit score.

– The Russian company UTair signed Wednesday a memorandum of understanding for 40 B737 for a list price of $ 3.2 billion.

The U.S. also announced that the first long-range 787 "Dreamliner" will be delivered to Nippon Airways in August or September.

Sukhoi Superjet • sells in Italy

The Italian airline Blue Panorama Airlines has ordered twelve aircraft Superjet 100 Russian Sukhoi group for $ 370 million (about EUR 257 million) announced Wednesday the Italian group Finmeccanica, Sukhoi partner for the Superjet.

• ATR

ATR, a joint venture between EADS and Finmeccanica, announced Wednesday two new orders, for a total of 13 aircraft. The first placed with the Danish company Nordic Aviation Capital, covers 10 ATR 72-600, plus options for 10 additional aircraft.The second involves three ATR 42-500 aircraft sold to the company TAME Ecuador. Since the beginning of the year, the builder earned $ 2.4 billion in orders.

• GECI

Geci aircraft manufacturer announced Wednesday the signing of letters of intent and memoranda of understanding for the sale of 33 aircraft Skylander SK-105 in Asia and 3 F-406 in Africa. The Skylander SK-105 is a twin turboprop aircraft, capable of carrying 19 passengers or up to 2.7 tons of cargo and operate in extreme environments.

Demonstrations of the A400M are taking place despite damage

A faulty gearbox has grounded the A400M originally scheduled to fly demonstrations during the Paris Air Show, before another unit is assigned to this mission.This technical problem is probably rooted in a manufacturing defect, said Tuesday one of the program. Airbus and engine manufacturers are studying this box, which broke a few days before the beginning of the troop transport plane in the sky at Le Bourget.

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The first week of placement, however, had gone well, but the rise of tension around the Greek crisis has scared investors. A decline in the price of the offer would probably not have convinced them to reconsider this, as their risk aversion soared within days.

In addition, Saint-Gobain, who wanted to get close to one billion euros with the IPO of 40% stake in its subsidiary, has not decided to sell off its subsidiary. The decision to postpone the operation at a better time has been taken.Last March, the Lagardère group had done the same with the placing on the market yet scheduled its stake in Canal +.

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"A giant glass valued at around 2 billion euros

To get into the music without the record companies, Google has imitated Amazon, which launched a similar service in March. Instead of selling songs for download as iTunes or offer a catalog of streaming music to how to Deezer and Spotify, it will invite users to send the songs stored on their hard drives.Google will duplicate these music libraries on their own servers, and offer to be accessed remotely for free.

According to Google, this model does not pose any legal problem. "This is really a storage service personnel, such as when you transfer music to an iPad or a backup hard drive, so this service does not require a license from the music industry," says Jamie Rosenberg. The major labels are of a different opinion. At the exit from Amazon Cloud Service, a representative of Sony Music had warned that "all legal options" could be considered. Without specifying which ones.

The discussions are not broken

First launched in beta, invitation only to the U.S. Internet, Google Music will allow for the time of storing 20,000 songs for free (against 1000 for Amazon).Customers can listen to them on another computer, a phone or a tablet Android compatible with Flash, and create playlists. The audio quality could reach 320kbps, depending on Billboard magazine's website. Some additional songs will be added for free Internet in libraries.

Like Amazon, Google hopes, however, improve its service by picking up an agreement with the majors, on terms more favorable to it. A license would allow its users to save the tedious step of sending the pieces on Google's servers, since music is already stored there previously. The economic model is then similar to that of music streaming, which pays artists based on number of plays. That's what Apple would seek, which could soon launch such a service.Her clients enjoy access to all their titles on the iPhone, iPad or iPod without having to synchronize each time with a computer.

Relying on the promises of sales in the first quarter of 2011 signed, notaries believe the square meter in Paris will average 8,028 euros in June. This will rise to 15,500 euros in even the most expensive neighborhood in the capital, the Champs-Elysees.And this movement does not seem ready to break if we are to judge by the large number of transactions: first quarter in Ile-de-France, they rose 16%.

Click on the thumbnail to enlarge the graphic.

Fewer foreigners in Paris

Contrary to popular belief, foreigners are not responsible for the rampant price increases because they are less active than before the Paris market: last year, they accounted for 6.5% of buyers against 7.6% in 2009. The result? "We should see the price differences widen between areas traditionally preferred properties such as Paris and those economically disadvantaged in which a decrease has already been committed," said Pierre Bazaille, president of the Institute for Notarial real estate. In fact, in the province, the changes are more chaotic.Overall, prices have also increased but less dramatically than in Paris. They set up in 2010 by 4.7% for older apartments and 10% for houses. But since early this year, the situation is contrasted by areas or cities.

In Lille, for example, home prices fell 6% to 170,000 euros on average in Bordeaux, one of the apartments has decreased by 1%. Less than 3% also for apartments in Rennes, where the square meter is now worth 2212 euros. On the other hand, for apartments, in Brest, the price per square foot rose by 7% to 1527 euros per square meter. The increase is more limited but very real (+3%) in Lyon, where the square meter is 3102 euros.

Difficult, with that, whether property prices will rise or decline this year in France. According to Mr. Pierre Bazaille, the trend towards a higher but moderate (between 0 and 3%).A development that will depend on exogenous factors such as rising interest rates on mortgages or advertisements referring to the SP in its program the rent freeze.

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