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After the Senate, Parliament finally passed yesterday evening reform the electricity market (Nome Law), which will come into force in early 2011. This law stipulates that EDF sell up to 25% of nuclear generation to its competitors at a price set by the Government and the Commission sde energy regulation. Enough to enable France to respect its European commitments on the liberalization of this market. EDF is the only supplier of electricity currently enjoy low production costs of its nuclear fleet. The reform also removes the regulated rate for businesses.

But critics of the law are numerous. Starting with the parliamentary left, who voted against the text, saying that electricity prices could rise 11% to 15%.For its part, the consumer association UFC-Que Choisir feared "an explosion of regulated electricity tariffs up to 28% by 2015 free 3-in-1 credit report." The association had lobbied for an amendment to the text. She said the law was "a laudable initial goal," but it "has been hijacked by amendments (…) hand sewn for EDF. The selling price is fixed by the text at a level too high, well above its cost of production. "

Brussels also criticized the French law. The European Commission yesterday denounced an article which states "the maintenance of local taxes on electricity." She said the price differentiation "does not conform with the provisions of the Directive 'European.

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"Competition: EDF imposes its conditions

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European shares should appreciate this Monday morning the European agreement on a plan to support Ireland delivered Sunday evening. Early this morning, the main financial centers in Asia were moving up, relieved by this funding negotiated in much more promptly than to Greece.

Portugal, after Ireland considered as the next country at risk in the euro area, welcomed the plan Sunday night in Dublin with considering it "alleviates fears, reduces uncertainty and enhances market confidence ' .The Portuguese Finance Minister Fernando Teixeira dos Santos said that "it is undoubtedly a positive factor for stability in the euro area".

The CAC 40 and should move on Monday morning in early trade, continuing its rise recorded last week, 0.75%.

On the foreign exchange market, the euro gained against the dollar (1.3755 dollars) on Sunday evening after the decision of the European Union and the International Monetary Fund while the greenback was trading at about 7 am to 83 , 41 yen.

On Monday, no statistics major is expected.Tomorrow, however, in France, a rain indicators fall INSEE (monthly business survey) and the United States, will be unveiled for the second estimate of U.S. GDP in the third quarter.

Draka rejects Nexans

Side values, Dutch Draka Holding announced Monday morning that it officially rejected the unsolicited offer of Nexans and Prysmian added that the Italian has indicated its intention to launch a recommended offer valuing him at 17.20 euros ordinary share. The directors and the supervisory board reaffirmed the offer of Nexans does not serve the best interests of the group and its shareholders.

The exhibition of French bank Societe Generale in Ireland is "minimal", said Monday on radio BFM CEO Frederick Oudéa.

The two rivals Airbus (EADS) and Boeing will have to wait until early 2011 to determine the winner of the tender of 40 billion dollars. The U.S. Air Force erred in sending mails.

Still on Aviation, Eurocopter, Thales and Dassault Aviation are ready for open skies Chinese deregulation has great potential for helicopters, business aircraft and air traffic control.

The folder Hermes / LVMH, the Swiss group Richemont is as a friend of Hermes. The owner of Cartier wrote to Bernard Arnault to disclaim any desire on his part for the brand.

EDF wants to build an empire off-nuclear U.S.

The electrician tri sees its future in the nuclear but probably not in the U.S., said Henri Proglio, CEO of the group, in an interview with the Wall Street Journal. The group's priority is in Europe and "there are still many markets to explore the continent," said the officer.

The Japanese Asahi is interested in distribution rights for brands Volvic, Evian and Badoit deu group Danone, which would reduce its dependence vis-à-vis the beer segment, reports the Financial Times. For its part, Danone reduce its costs in this market unprofitable.Negotiations revive speculation about a possible sale of the French branch of the water.

Genzyme is exploring a new track with Sanofi-Aventis

The American biotech group is considering a new deal structure with Sanofi-Aventis, understands the Wall Street Journal. Genzyme is considering a transaction involving certificates of guaranteed value or CVG (Contingent Value Rights) which would allow shareholders to benefit from an extension of prices if the company manages to achieve certain goals. Sanofi-Aventis is seeking to get their hands on Genzyme for months.

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Staff representatives have been warned in a Group Committee. The German company has opened a data room for two months so that potential buyers can inspect the file.

DirectGroup France, which employs 4,600 people for a turnover of 635 million euros, is a leader in sales of cultural products with over 300 outlets payday loans for bad credit.

In 2008, Bertelsmann had already thought about the assignment of the branch whose pattern is attacked by the Internet.

Indeed, Bertelsmann has sold the activities of DirectGroup in North America in summer 2008 (1 billion euros of turnover) and introduces a partner in the Spanish subsidiary fast same day loan. In the first half of 2010, Bertelsmann welcomed the turnaround in its accounts, but stressed that its black remained DirectGroup.

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The reconstitution of the downstream oil sector whetting the appetite of Ruby. Unknown to the general public, the independent French company, specializing in liquid storage and distribution of petroleum products, has just completed four acquisitions in quick succession for nearly 400 million euros. A significant amount, given the size of Ruby, who directed last year just under a billion in turnover, net profit of 47 million.

The last transaction, formalized on Friday, concerns the distribution activities of American oil to Chevron Caribbean and Central America. It allows Ruby to take a portfolio of 174 stations in Texaco, plus a stake in a refinery.Earlier, the company took over distribution activities of liquefied petroleum gas (LPG) Shell Southern Africa, Linde German in Switzerland and BP in Spain.

"The will of the majors refocusing upstream opportunities we offer. Our strength and our decentralized approach allows us to be particularly successful in regional markets free credit score. It is also our philosophy: to be hard on smaller markets rather than on large marginal, "says Bruno Krief, the chief financial Ruby.

Reassure shareholders

To finance this expansion, the company announced it would undertake a capital increase by the end of the year.If the amount was not disclosed, but Ruby says that this operation should cover "approximately one third of the investments made, while providing shareholders with strong growth in earnings per share and dividends."

Ruby, whose market capitalization has crossed this week the billion euros, intends to continue to focus its development on growth areas. "France is not our priority, both because most of the movements in the area have already been made and because the constraints to this type of operation are many," said Bruno Krief.

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The aid plan is still virtual, but Europe is already pushing to start the mechanism. A joint IMF, the ECB and the European Commission is expected Thursday in Dublin to discuss restructuring the banking sector. A visit that closely resembles the first step of the rescue plan as expected by the markets, even if nothing can be officially launched without the application of Dublin. In this delicate process, Great Britain could be involved.

The joint mission to review the draft budget of Ireland, and especially the state banking sector, in view of possible support plan. "It is clear that the Council will listen to what the Commission to do the same job bank restructuring in Ireland than has been done in other countries", warned yesterday the Belgian Finance Minister Didier Reynders, whose country holds the rotating EU presidency.Dublin can do it again he did not need help, and his finance minister himself has acknowledged yesterday the character of "urgency" of discussions.

Because time is short. Markets are still alert and boosted yields Irish yesterday. The United States wants a quick response. From the standpoint of the ECB, it will be "hard to go beyond what it does in terms of supplies of cash" to Irish banks, says Reynders.

And the British are likely to be called to the rescue. "Ireland is our closest neighbor and the success of the Irish economy is in the British interest," said yesterday the Chancellor of the Exchequer George Osborne is saying "ready" to participate in a plan assistance. A service offering significant because London had refused to participate in the stabilization fund at its inception in the spring. The austerity plan announced since discourages spending.But British banks have heavy exposure in Ireland, around 150 billion euros.

The fund would commit half

European officials refused to speculate on the time of the total amount and the possible allocation of funds. The Wall Street Journal, the envelope could reach 100 billion euros with 45 to 50 billion for the banking sector alone. The IMF would take half the sum, the EU and the United Kingdom contributed the rest.

It remains to convince Ireland to sound the alarm, a tough pill to swallow to Dublin. Aid plan would be accompanied by stringent conditions, seen as a loss of sovereignty. The very low rate of corporate taxation, a magnet for foreign investors in particular may find themselves in the crosshairs. "We should talk about this issue," said Austrian Finance Minister Josef Pröll.Ireland has already said she would not touch it. The negotiations will be delicate. A few weeks before a crucial vote on the budget, the government knows that any concession will pay dearly.

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Asian markets are reluctant Tuesday. Puts the region's financial evolve piecemeal, in the wake of Wall Street yesterday. The NYSE has not managed to overcome his anxiety, disturbed by the publication of mixed indicators (retail sales rose in October while the manufacturing index of the New York Fed has plummeted).

Overall, markets are still affected by concerns over the European sovereign debt. Yesterday the Prime Minister of Greece, George Papandreou, traveling in France, tried to reassure reaffirming that no restructuring of the debt was valid. But Ireland weighs stronger the trend. The country has been asked to use European aid to rescue its financial system, failing to cause his downfall in other countries like Portugal and Spain.A situation that does not reassure this morning.

The Shanghai Stock Exchange in steep decline

In Japan, the Nikkei, which started up 0.60%, finally ended down 0.31% to 9797.10 points. The broader Topix index finished its side on a drop of 0.45% to 847.77 points. A weaker yen against the dollar on foreign exchange markets had yet allowed the index of the Tokyo Stock Exchange hit its highest since June at 9908 payday loan lenders.30 points. But on the reservation, investors preferred to take profits immediately.

In China, the Hong Kong Stock Exchange fell slightly from 0.06%. In contrast, very volatile, the Shanghai unscrews more frankly than 2.44%. Note that foreign direct investment (FDI) in China rose in October by 7.9% year on year to 7.66 billion, confirming the resumption of a sustained rise after bottoming out in August.Between January and October, these investments rose 15.7% to $ 82 billion, said the ministry spokesman, Yao Jian.

The Korea Stock Exchange returns from his hand gently in the green at 0.09% after losing almost 1% during the session. Investors are troubled by the announcement by the Central Bank of South Korea, an increase of a quarter-point rate at 2.5%, to curb inflation. This increase comes after three months to freeze rates at 2.25%.

Finally, the S & P gained 0.26% Australian, and Indian Sensex was down 0.94%.

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Gloom persists on Wall Street. U.S. stock markets opened down on Friday. The Dow Jones was down 0.56% and the Nasdaq lost 0.57%. On Thursday, U.S. stock indexes were down significantly evolved during the greater part of the meeting, have limited the damage to the fence. At the finish, the Dow Jones sold 0.65% to 11,283.10 points, the S & P 500 fell 0.4% to 1 213.54 and the Nasdaq by 0.9% to 2 555.52.

The NYSE still worried about the crisis in public finances in Europe has also been weighed down by the severe slump in the OEM Cisco. The group has published better than expected results for the first quarter of fiscal offset. But CEO John Chambers has showered investors with forecasts of growth below expectations.Cisco enters the composition of the three major stock indexes in the U.S. market plunged by almost 16% Thursday.

On the macroeconomic front, the index of consumer sentiment stood at 69.3 against 69.0 expected by economists polled by Reuters. It was 67.7 in October.

On the foreign exchange market, the euro was recovering slightly by midday, supported by market rumors that a rescue plan is in preparation for Ireland.It was trading 1.3722 against the dollar, after falling briefly below the $ 1.36 for the first time in six weeks.

Boeing, Microsoft or Yahoo to take this Friday

The side of values, the U.S. aircraft manufacturer Boeing (-2.33% to 63.85 dollars) on Thursday said he could determine that the fire that led to the emergency landing of one of its new 787, called "Dreamliner" during a test flight was due to a faulty electrical panel. The manufacturer had decided Wednesday to suspend the flight tests, the time to clarify the circumstances of a fire in flight which led to an emergency landing Tuesday in Texas. The Boeing faces crucial choices for Boeing in 2011.It will decide the future of several programs.

Always on the side of values, the media group and leisure Walt Disney (5.10% to 37.76 dollars) on Thursday released just before the close of Wall Street, a decrease of 7% to $ 835 million of its Net income in the fourth quarter, as revenue, has disappointed the market and limited growth recorded throughout the year.

Also note, according to Microsoft (-0.96% to 26.43 dollars) a new video game system without a controller, KINECTS could be a good marketing tool to target programs and even commercials, according to users, argued Thursday the IT group.

The U.S. portal Yahoo (-0.98% to 16.64 dollars), including advertising revenues continue to slow, considering possible redundancies.Products division directors were asked to prepare a plan for a 20% reduction in workforce. This could affect up to 1,400 people. Yahoo has already dismissed 700 employees in late 2009 and 1400 a year ago.

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Tuesday, Alexander Pugachev, owner of France Soir, Christiane Vulvert ousted the Branch delegate daily. The latter provides that it had decided to leave his role as representative office due to lack of information on the sustainability of the newspaper. Alexander Pugachev esteem he had lost confidence in her. He says he will continue to invest to get the daily balance. A new formula of France-Soir is scheduled for January.

LE FIGARO. – Why did you delegate your DG sacked yesterday, Christiane Vulvert?

Alexander Pugachev. – I put an end to his corporate office because I lost confidence. First, we had differences on the functioning and management of the company. More importantly, Christiane Vulvert preparing a new round without my knowing. She had made contact.

The financial situation of the newspaper went wrong?

No.We do not have more debt than it was six months or a year. France-Soir has no bank debt. We have 1 million of payables and 1 million more arriving later in maturity. We have, in addition, 1 million euros in cash.

You owe money to AFP …

We have an unpaid bill on 139,000 euros. Since last March, the bill of AFP was multiplied by three or four, because their rates are calculated based on sales of the newspaper. An appointment is made to review the terms of our contract. However, we are current on all past due invoices with AFP.

How much are the monthly losses?

About 2 million. I put money each month in the current account. Wednesday in the works, I reassured employees. I will continue to put money into the needs of society.I do not need to give guarantees. For it is my company and my interest is that France-Soir works and earns money.

At what point is your mailing equilibrium point?

We do not lose more money with a paid circulation of 150,000 to 170,000 copies and weak advertising revenues. I aim to balance the company in 2012.

How much have you invested since the takeover of the title in January?

My investment is 50 million euros and I'll still invest 20 million in the new formula. Everything indicates that we invest in the future.

The group's difficulties of your father, Sergei Pugachev, Russia pose a risk to your money?

No way. My father always other activities, and I personally have the money necessary for the development of France-Soir.

Dissemination of 76,000 copies, is far from the 150,000 expected.Getting there?

We will launch a new format in January, which will make a France-Soir tabloid and public. I never had the intention to make a daily "trash." We've already won 21,000 readers on our competitor now in France. But, personally, I'm still disappointed with the current content. We have therefore strengthened the newsroom with the arrival of Remy Dessart, as editor, and Airy Routier, Frederic Helbert and Philippe Duroux, and we're going to hire another dozen journalists. We also hired the firm Casas, who has worked for major dailies to the strange, the new model.To reach the 150,000 copies, we will resume a campaign of TV ads and display of newspapers and put more points of sale.

Will you increase the selling price of 50 cents today?

For now, no. But we are studying the new scales of Presstalis to see what this will change.

Will you reduce the book devoted to horse racing?

We're doing a test in the PACA region with a single page against eight normal horse. Results are pending. In the past, we had 10,000 loyal readers in the book horse, and they are still there. But the 65,000 new readers are not looking for this content. Moreover, dissemination of press horse is much lower, and since the launch of paris online sports predictions are widely available on the Internet.A reduction of the Paging horse would save several million euros per year.

Do you have an Internet strategy?

Yes, our new website will also be released in January. Currently, our audience is limited to 1 million unique visitors.

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The government had announced the abolition of the tax advantage given to newlyweds and PACS year of their marriage in 2011. An amendment championed by some fifty UMP for its partial recovery has been approved in committee Wednesday morning. The government spokesman, Luc Chatel, reiterated his opposition to the project.

Lefigaro.fr: Why have tabled this amendment reinstating the tax benefit for honeymooners?

Herve Mariton: I support the reinstatement of this tax benefit for two reasons. The first is the fiscal logic: in France, the tax is about focus and not the individual. Before marriage we have two separate individuals, marriage creates a new home that can not be reduced to each individual who composes it cool business card.The second reason is a policy choice to encourage sustainable family, marriage as a structural element of society.

PACS couples also enjoyed the advantage, how do you justify that they are now excluded from its recovery?

The constitutional council has agreed in October last that the legislature was empowered to make decisions that apply differently depending on the marital relationship. I do not deny and do not criticize the legitimacy of the PACS. However Pacs and marriage create different legal frameworks. I am perfectly aware that the marriage may end in divorce and that PACS can last longer than a marriage. There is however a marriage of desire to build a more sustainable structure. This amendment is not a statutory anti-PACS because it also excludes the recipients of the divorced.It does not create cleavage with one hand, married and divorced and the other the de-PACS and PACS.

This raises the question of same-sex couples whose marriage is not allowed in France and will now be excluded from the beneficiaries even if they pacsent …

The improvement of gay rights is a real issue. I also think they clearly suffer from the fact that the PACS is also open to heterosexual couples professional business card . But as regards the marriage I am using the definition of the Civil Code which refers to the union of one man and one woman.

Restore this benefit is it to restore a tax shelter by the hour or the government chose to remove them?

This is not to restore a tax shelter but to preserve a system that has meaning for the stability of society.About sixty members support this amendment, and was voted Committee. It will be proposed at the meeting Monday night.

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When we get to repay its loans, no one buys the yacht or jet-skis. Based on this principle, there is reason to be cautiously optimistic when analyzing the first publication of the index expensive leisure products made by GE Capital. According to this indicator, the demand in Europe has picked up 28.9% year over year in September. A significant rebound which remains insufficient to regain levels of activity already before the crisis.

The index of GE Capital even recorded a decline of 0.24% of demand in September compared to August. According to GE Capital, the worries of relapse into recession have led the markets in September have weakened demand."Despite a solid month of August (2.55%), the general climate of concern about the strength of the recovery in Europe has had an impact on the market and confidence remains fragile," said Rich Green, President the European arm of GE Capital instant payday loans CDF.

The renewed interest from customers for entertainment products at great value has been particularly marked in the beginning of the year. It must be said that the producers have done everything possible to attract customers. "In early 2010, companies have launched promotions to reduce inventory accumulated during the crisis," said Rich Green. "Now, they manage their inventory more carefully." And for good reason: in the coming months the demand should remain weak, says GE Capital CDF.

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