Wall Street cautious before use - September 3, 2010

After the euphoria of Wednesday, the U.S. markets have continued their momentum but at a slower pace frantic Thursday. At the close, the Dow Jones ended up 0.49% to 10,320.10 points, the Nasdaq is 1.06% at 2200.01 points while the S & P gained 0.91% to 1090.10 points.

No big movements, the indices have stagnated at these levels throughout the session. Investors have also learned a pleasant surprise on the side of the job today. Entries weekly unemployment, against all expectations, declined slightly in the United States during the week to August 28, at 472 000 478 000 cons last week, according to the labor department. Economists had expected jobless claims averaged 475,000.

Other good news: the promise of real estate sales have rebounded in July.The index of sales agreements rose 5.2% compared to June, when the 79.4 economists had expected a decline of 1%. The decline in the month of June was revised down slightly, to -2.8% against a 2.6% previously announced.

Statistics mixed

But at the same time, investors learned that nonfarm productivity had declined much more sharply than expected in the second quarter to show its sharpest decline since the third quarter of 2006. Productivity has contracted at an annual rate of 1.8%, instead of a contraction of 0.9% initially announced. Although expectations were counting on a decline of 1.9% over the period April to June, this review again cast doubts on the markets.

Moreover, the increase in orders received by U.S. factories in July was weaker than expected.These have increased – after two consecutive months of decline – from 0.1% to 409.5 billion dollars while economists were expecting an increase of 0.3%.

"It has a low volume of trade, economic indicators rather positive, so it is easy to push the market upwards," said Scott Marcouiller, Wells Fargo Advisors. "It does not happen much on the market," said Lindsey Piegza, FTN Financial, noting the hesitation of the indices during the session. The caution is called for before the publication of the very important report on employment and unemployment in August, tomorrow Friday.

Note that on the foreign exchange market, the euro is up slightly against the dollar, but only to increase its gains amid anxiety.

Burger King flies

On the side of values, the automotive sector should stand today.The month of August has actually been the worst for U.S. auto industry since 1983. Sales declined 21% to 11.47 million vehicles. Ford Motor (0.86% to 11.71 dollars) has reported a sales decline of 11%. General Motors, which is preparing an offering of securities to reduce by nearly 61% of the state capital, reflecting a drop in its sales by 25%.

Always on the side of values, the U.S. computer giant Apple (0.74% to 252.17 U.S. dollars) has unveiled the updated version of its iPod portable should be very surrounded. The Apple brand has also significantly lowered the price of its Apple TV boxes, for playback on a television screen high definition video from a computer.

Burger King (25.08% to 23.59 dollars) has formalized its takeover by 3G Capital at a price of $ 24 per share.The total transaction is valued at four billion dollars (3.12 billion euros).

Warren Buffett has filed a formal offer to repurchase its Berkshire Hataway (+0.38% to 81.22 dollars) for the 19.9% stake it does not already own in Wesco Financial (unchanged at $ 363 ).

General Electric (0.80% to 15.13 dollars) and Westinghouse Electric might spend ten billion dollars (7.8 billion euros) in total to build two nuclear reactors in India, Financial Express reported Thursday.Citing unidentified official sources, the newspaper said the two projects are being finalized in preparation for the planned visit in November, U.S. President Barack Obama.

HP (1.20% to 39.68 dollars) announced Thursday it had raised its takeover offer for 3PAR (2.43% to 32.86 dollars) to $ 33 per share, valuing the company Storage Data to 2.4 billion dollars. In the process, Dell (1.98% to 12.36 dollars) refuses to bid and withdraw from the race.

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Essilor confirms its objectives - August 27, 2010

Essilor International shows a rebound in sales of 15.8% in the first half to 1,926 billion euros. The world of ophthalmic lenses has seen its sales boosted by several acquisitions such as U.S. and Signet FGXI Armolite. In all, Essilor has acquired or increased its stake in thirteen companies in the first half, representing an additional turnover of approximately 80 million euros.

Excluding currency and acquisitions, growth in turnover is 5.9%, "in line with its annual target," the company said in a statement.

The Group's net profit was down slightly from 1.3% to 197.5 million euros. The group is penalized by the provision of 41.5 million euros to pay the fine imposed by the German competition authority (Bundeskartellamt) for formation of cartels.Adjusted for this provision, net income reached 238.8 million euros, an increase of 19.3%.

Essilor confirms its annual targets

"In the second half of 2010, in a context of renewed activity still fragile, Essilor will pursue the strict implementation of its strategy of growth based on new products, geographical expansion, acquisitions and organic conquer the environment range, "the group said.

This confirms target for 2010 sales up 5% to 7%, excluding currency and strategic acquisitions, and margin contribution stable excluding acquisitions and strategic change IFRS. In the first half of 2010, the margin of Essilor has eroded slightly over the same period in 2009, yielding 0.1 percentage points to 18%.

LG will launch 10 smartphones and tablet - August 22, 2010

LG Electronics has just been invented the first mobile phone with touchscreen, the LG Prada, launched before the popular iPhone, the "chaebol" in South Korea suffered severely in smartphones. The reverse is so severe that the heart of summer, Chang Ma, Vice President Marketing of LG mobile phones, announces the method to return the game "At the end of the year to compete with our rivals, we launch ten smartphones, "said the official, the Wall Street Journal. These smart mobile phones will be launched under the brand Optimus, already used for several months, which will benefit from a dusting. The first aircraft, which will work with the Android OS from Google, will be offered in September. Called Optimus One, it should be distributed by 120 operators worldwide.This will be a smartphone that will allow customers to traditional mobile phones to get into the deep end of the mobile Internet, the official said. With these new products, LG hopes to sell 5 million of its smartphones by the end of the year in the United States.

The major challenge is the world's number three mobile phones that had succeeded, in 2009, establishing itself as the second mark on the U.S. market. In the second quarter of 2010, the dynamic segment of smartphones, which increased 50% to 61.6 million units, its market share was only 1.2% of the second quarter, according to research firm Gartner.

Above all, not a wide enough range, "the average revenue per mobile phone from LG has declined 27.8%," said Carolina Milanesi, analyst at Gartner. The group of Seoul has sought to gain market share at the expense of margins.This strategy has not worked. The division in mobile phones from LG has posted its biggest loss in eight years, in the second quarter, which has plunged to third profits of the chaebol.

Offering more than iPad

And for all mobile phones, LG has shown a decline in sales volume (from 30.5 to 29.4 million units) and market share (10.7% to 9%). The group has suffered, in addition, poor strategic bet. LG had, in fact, intend to become the leading partner of Microsoft. But LG has played the wrong horse: Google has more than RIM and Apple in the United States.

In addition, the market share of Windows Mobile has been halved over one year, falling to 5% of smartphones, say the experts.The weight of Microsoft could again later in the year with the launch of a next version.

Meanwhile, like HTC, Samsung, Motorola and SonyEricsson, LG focuses on Google's Android. The software group in Mountain View will also be used for its next internet tablet, promised for the end of the year. It will have "new functions" compared to the iPad, including "video editing and content creation," the official said the Wall Street Journal.

For now, KT, the largest operator in South Korea announced Friday that it will market in the coming days Enspert Internet tablet developed by a South Korean company specialized in September and that of Samsung. The Apple iPad should be proposed before the end of the year, such as LG.Most manufacturers are penalized by the late arrival of Microsoft in operating systems for low cost internet tablets.

Industrialists out stronger from the crisis - August 2, 2010

LE FIGARO. – How do you improve your sales and your profits in the first half?

Benoît Potier. – It's an interesting semester. It marks both a recovery in volumes directly linked to the global economy and an upturn in industrial projects. The industry again expressed his interest in the preparation of the future.

We found the pre-crisis levels in virtually all market segments. Only construction accuses six to twelve months behind schedule. Offset restart cycles. Overall, growth in volumes that logically resulted in 10% of our turnover, which grows in all businesses and geographies. However, Air Liquide is one of the industries that were more resistant, with a decline of only 5% in 2009. Moreover, our turnover is 4% higher than the first half of 2008.In this period of euphoria that some groups show up to 30% growth, it is important to see what is the basis for comparison. Our results were up 12% over the same period in 2008.

You can find levels of profitability higher than pre-crisis. Your business has changed significantly in two years?

There is a real disconnect between emerging and mature economies. Our sales increased by 6% in mature economies and 30% in emerging which represent 20% "only" the activity of the group, or two thirds of our growth. In twelve months, the distribution of our investments has changed structurally. It went from 50/50 between emerging and mature to 80/20.However, be careful not to bury the mature markets, growth of 6% is good, there are many industries that satisfied with them.

But to give you an example, our sales in China in the first half of 2010 rose 65% and they had also increased last year. China is catching up with the level of industrialized countries in streamlining its industry. There is no excess production capacity. Typically, we have seen closure of four sites steelmakers, grouped into a larger one. The latter now invests in technology and modern capabilities. All the industrial world benefit.

Chemistry, property and equipment, how do you explain that the whole industry registered a sharp improvement in its growth and profitability?

The crisis has hit so hard that companies do not have any choice.They had to rest fundamental questions about their structures, their capacity, so their exposure to market, their management parameters. I think all industries are now much stronger than before the crisis. Faced with problems of liquidity and access to financing, companies have strengthened their balance sheets. Their debts are either stable – for those who invest and continue to grow, it is the case of Air Liquide – is declining.

What do you recommend to stop the loss of competitiveness of French industry?

It is a vast subject. The ideal solutions for the industry have not yet been found in Europe and in different countries. Whether as a planned or coordinated, it seems that Europe has not sufficiently defined what strategies or industrial sectors in which it wants to occupy a leadership position.It means rather the leaders speak on a national solution, which is logical, but we do not have European body for industrial communication, unlike the U.S., China and Japan which are three countries integrated and better than us in the definition of industrial strategy. We are losing a major card: The strength in unity. In addition it must maintain a production base in Europe, since that's where ideas materialize. Without production, we have more innovation, but only for research.

European standards they penalize the industry?

Europe does not want to be a hindrance, but it seems to suffer from the narrowness of the missions that have been determined in different organs. The European Central Bank is there to control inflation while the Fed has a wider role.The European Commission organizes the market, ensures fluidity but has no mandate to make Europe competitive beyond its borders. It does not take sufficient account of the external markets. The European institutions can improve.

What makes you confident for the end of the year and may be beyond?

The resumption of growth projects. Signing of contracts shows that the client is ready to commit and so are we. Every time we sign a contract, we bring a stone to the growth of 2012-2013, or even 2015.

You do not fear a relapse of the economy?

The answer is clear: no. We have seen nothing that points in the first half as a direct risk. Since the crisis, we follow the weekly volume of gas consumed by our customers.In case of "double deep", it would stop producing customers, making maintenance. This is not the case. The situation is normal. It must occur because the world consumes. We are almost out of the zone of turbulence to go toward growth, even if the signal "attached belt" remains lit.

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ISF under the yoke of the Constitutional Council - July 19, 2010

The wealth tax (ISF), unconstitutional in the state? The Sages, seized last July 9 of this issue by the Taxpayers Association Associates, will decide by September or October. And the stakes are high. For if the Constitutional Council was to declare certain provisions of the ISF unconstitutional, we would have the wealth tax as we know it. MPs would then be obligated to substantially alter the content in a specified time. "The legislature would have no choice but to significantly modify the rules for calculating the ISF, or delete part of a general revision of property tax," says Ms. Subra.

The firm Delsol, depositary of the question of constitutionality to the association, is based on several arguments challenging the constitutionality of the tax on capital.One of them echoed the often-repeated complaints by some subject to the ISF, including the famous land owners in the Isle de Re. Insofar as the base of the ISF include all household goods tax, even those who do not produce income, wealth tax does not respect the principle that everyone participates to tax under its ability to pay. To take the example of the fishermen of the Ile-de-Re, one can own a heritage of great value, without benefit of an income therefore savings account payday loans. And then be in a difficult position to pay the ISF.

Reform symbolically embarrassing

If the Constitutional Council was to justify the Taxpayers Association Associates, it would be a first.And a decision that should give grist to the parliamentarians who are already campaigning for the abolition of this tax. The chairman of the Senate Finance Committee, Jean Arthuis, including calls in exchange for the abolition of wealth tax for an increase to 45% (currently 40%) rate the highest tax bracket on the income, an elimination of tax shield and an increase in taxation of capital gains and real estate. But if this reform has the support of tax, although it may be symbolically very embarrassing for the government and parliamentarians.Difficult to explain, when the time is budgetary contractions, which can revoke or amend a tax that taxes "the rich" …

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Europe suspended the medical reports of its banks -

There is a little over a year, the United States 19 U.S. banks subjected to stringent medical examinations. The release of the stress tests were then allowed to restore confidence in the U.S. banking system. Europe, undermined by the suspicion surrounding its banks, hoping to achieve the same success this week. Friday evening, 91 European financial institutions, including 27 Spanish, 14 German and four French, will unveil the results of "stress tests" concocted by the Committee of European Banking Supervisors. This measure of bank capital in the light of deteriorating economic environment. "We will see that all major European banks are in fact strong enough to withstand any earthquake either," Dominique Strauss-Kahn predicts.The director of the International Monetary Fund (IMF) does not, however, that the tests reveal "by here and there, small financial institutions in trouble." Black spots are expected in the German Landesbanken, the cajas Spanish or Greek banks.

Operation Truth

Already, the fact that Europe agrees to engage in this exercise in transparency has alleviated some pressure on the markets in recent weeks. Especially after a shaky start, the finance ministers meeting in Brussels last week, promised to act "in a coordinated manner and with greater transparency that is, by Belgian Didier Reynders No fax cash advances .

Just stay to confirm. For this, two opposite pitfalls are avoided. The first is that everybody is received.These days, voices were raised across Europe to ensure that Irish banks here in Portuguese, there, or even the Belgian KBC and Dexia, had passed their entrance exam. If all European banks triumphed over the obstacles set by supervisors, this would destroy any credibility to the operation truth. At this stage, the discounts applied in testing the debt of peripheral countries like Greece or Portugal, have not been disclosed. Their severity will be watched closely.

Second risk, in contrast, the health bulletin proves very alarming. Analysts at Credit Suisse, amounting to 90 billion euros for recapitalization requirements, a level below the capacity of public funding available in Germany or Spain.In the end, "stress tests" are designed to prove that European banks hold the shock but rather that governments, even the new European support fund, are capable of supporting them. First answer Friday.

New significant decline in the CAC 40 - June 23, 2010

This Wednesday is a symbol of a further decline in Paris at the opening of U.S. existing-home 40descend 1.07% to 3365.85 points at the gong. The key index had managed to keep the 3,700 points on Tuesday night, but the threshold has not kept in the first exchanges.

In Europe, stock markets have made concessions on Tuesday after nine sessions chained up on. Announcing the easing of exchange rate policy of China, made Saturday, had pushed world stock markets Monday. The first steps in this direction have been given yesterday and Wednesday, with two cuts in a row the central rate against the dollar. But in exchange, the effect was short-lived. And on Wall Street, poor statistics on the front of the immmobilier has cast a chill on the market.So, this morning, the main financial centers of the Asia-Pacific are following suit.

Around 9:00 on Wednesday, the euro is changing in a very slight increase. This rating 1.2285 dollar.

Economic News Authority

In France, the business climate in the French manufacturing industry fell slightly in June, according to the business survey released Wednesday by the INSEE. The synthetic indicator has lost two points to 95, its first decline since February, when economists on average expected stability.

Moreover, the index of activity in services climbed to 61.6 in draft cons 61.4 in May, its highest level since August 2006 and well above the 50 mark, which marks the boundary between expansion and contraction.

At noon, the Court of Auditors present its report on the situation and prospects of public finances.In Germany, the GfK consumer barometer, always watched closely, will be visible at 8:10. In the euro area, the first estimate of the PMI will be unveiled at 10:00.

And the United States, 16 hours, will be made public promises of home sales for the month of May, after a bad real estate statistics published in the ninth Tuesday: – 2.2% in volume last month, to 5.66 million units annualized. The traditional weekly crude inventories will be available at 16:30.

Finally, this evening after 20 hours, the Monetary Policy Committee of the Fed will issue its statement.Highly regarded by investors, note any change in the discourse of the Federal Reserve.

The rate strategists believe that Societe Generale U.S. Federal Reserve will raise its rates faster and stronger than expected by the market and call for caution on U.S. government bonds.

Banks suffer disproportionately

The banking sector remains to be monitored throughout the session. On Tuesday, he suffered a spate of bad news. In addition to degradation of the note in the long-term debt, BNP Paribas, Credit Agricole said the cost of risk on its Greek subsidiary Emporiki would weigh 450 million euros more than expected.The BNP Paribas has yielded 1.92% and that of Crédit Agricole SA 4.69% Tuesday.

On Wednesday, the bank stocks sign the worst performance of the CAC 40 Again: Credit Agricole down 1.74%, BNP Paribas 1.54%, 1.5% Societe Generale.

Societe Generale: -1.5% to 36.8 euros Societe Generale will call Wednesday Kerviel just 4.9 billion euros in damages, a record amount corresponding to the loss she attributes to "fraud" its former trader. Yesterday, the former CEO of Societe Generale, Daniel Bouton, has admitted "failures in the control of the bank during his testimony before the Tribunal of Paris.

L'Oreal: -0.73% to 82.9 euros Paul Bulcke, Nestlé CEO, said in an interview with Reuters that his group had no plans to change the status quo in the capital World number one cosmetics, according to the shareholders agreement that binds to the Bettencourt family.

Alstom (-1.13% to 41.45 euros) and Areva (-1.6% 356.7 euros) Alstom no longer wants to marry with Areva. "To dance the tango, it takes two. Areva does not really want to dance. We no longer so eager to dance ourselves, "Patrick said Tuesday Kron, Alstom's Chairman, at the general meeting of shareholders.

GDF Suez: -0.7% to 25.9 euros The group reportedly asked the Commission to regulate the énegie to request a further increase in gas prices by 5%, according to Le Parisien.

Total: -1.25% to 39.6 eurosTotal and oil stocks are worthy of attention.The International Atomic Energy Agency (IEA) publishes 10:30 prospects of markets for oil and gas.

ArcelorMittal the world's number one steel company, announced Tuesday that the apparent demand and actual demand for steel would remain positive in the second half of the year, even if they should show a slowdown during this period. Lakshmi Mittal, the CEO that the slowdown in demand was due to seasonal reasons. The boss also said he did not think the steel industry return to its pre-crisis level until 2012.

EADS: -0.22% to 17.9 euros Airbus forecasts a near-doubling of its production of A320 aircraft in China, 48 aircraft in 2012, said Zhao Haishan, an official of the manufacturer in Tianjin in northern countries, quoted by the Xinhua news agency.

Vivendi: -1.56% to 17.71 euros The group has denied an Indian newspaper Economic Information Times that he would be in talks with Reliance Communications to take a 26% in the second mobile operator in India. [

Axa Insurance (-2%), CNP (-0.6%), Scor (balance) …: Values of insurance will also be regarded as the French Federation of Insurance Companies (FFSA) releases on the market situation and its prospects.

Renault-Nissan: -1.5% 33.34 euros The automaker Nissan CEO Carlos Ghosn, said he received 890 million yen (8 million euros at current exchange rates) for 2009 – 2010, making him one of the best paid bosses in Japan. Carlos Ghosn made the announcement at the annual general meeting of shareholders of the Japanese group, held Wednesday in Yokohama (Tokyo area).This does not include fees paid 1.24 million euros in 2009 he has received as CEO of the automaker Renault, Nissan's largest shareholder with 45.7% of the securities.

PSA Peugeot: -1.25% to 22.5 euros Peugeot Italy announced Tuesday it had signed an agreement with Sorgenia first private operator in the Italian electricity market created and controlled by Rodolfo De Benedetti, to launch its vehicle Electric Ion Italy.

France Telecom: -0.4% to 15.1 euros, the company announced Tuesday it would invest about 515 million euros over the next five years in its network in Switzerland a few weeks after abandoning its planned merger with Sunrise, blocked by the competition authority of the country.

Nexity: -2.35% to 22.4 euros The group announced the launch of its buyback program of up to 4.5% of its share capital, which will be followed by cancellation of shares they will be well acquired. This operation is designed to optimize the management of the group's balance sheet.

The CAC 40 is expected to open in fall - June 22, 2010

European markets should take a breather on Tuesday morning at the opening, following a rise of more than 1.3% for the CAC 40 in France, 1.2% for the Dax in Frankfurt and 0.9 % for the FTSE in London.

The effect yuan – will easing of monetary policy by central Banquce China – indeed should not last, just like what happens in Asia this morning the stock exchanges globally are displayed in decline on Tuesday morning (except China). And what happened Monday night on Wall Street, which has erased As his winnings to finish in decline.

The euro resumed its decline late Monday afternoon, and stabilized during the night of Monday to Tuesday to $ 1.23.Meanwhile, China, the Chinese central bank set the yuan's daily central rate – which is the reference rate for the trade – at 6.7980 yuan per dollar, its highest level in five years.

Top of the Committee meeting of the Fed

In Germany, the Ifo barometer, followed closely by investors, will be unveiled at 10:00. At 11:00, the European Central Bank will publish the balance of payments of the euro area. On Tuesday, the new British Minister of Finance presents his budget "emergency" 2010/2011.

In France too, the government prepares new austerity measures. Interviewed by the Financial Times, the secretary general of the Elysee, Claude Gueant, said that measures will be announced in the fall.

At 16 hours, home resales in May, the U.S. will be known when the meeting begins Monetary Policy Committee of the Fed.According to Aurel, the Federal Reserve "will leave once again, its key rates unchanged.

BNP Paribas was downgraded by Fitch

Fitch said Monday it has downgraded the long-term issuer rating of BNP Paribas down one notch, to AA-, but now the investment in solid, with a stable outlook.

The Zodiac aerospace group announced the acquisition of the company canadienneCantwell Cullen & Company, specializes in equipment for cable protection.

Bureau Veritas Group has announced the signing of an agreement with British company to acquire its subsidiary Inspicio Inspectorate, with 450 million pounds (540 million euros). Inspicio is majority owned by British investment company 3i.

Bouygues UMP mayor of Marseille Jean-Claude Gaudin, announced Monday it had accepted the candidacy of GFC Construction, a subsidiary of Bouygues, for renovation of the Velodrome stadium and its surroundings, a project costing 273 million EUR for the Euro 2016 football payday loan online. Vinci is thus rejected.

PSA Peugeot The manufacturer shall make price 500 million of five-year bonds with a 5.625% coupon, a yield of 5.75% and maturing on June 29, 2015. Yesterday, the automotive industry has benefited from the influence yuan. Renault rose 3.56% and 2.44% PSA.

L'Oreal Liliane Bettencourt, the richest heiress in the Group announced the adjustment of its tax assets abroad after the revelation of possible tax evasion in connection with the case between billionaire's daughter.Moreover, the wife of Eric Woerth – the current Minister of Labour previously in charge of the Budget – will resign "in the coming days" of the company since 2007 where she manages a portion of his fortune.

Casino Casino announced Monday it had increased from 33.4% to 33.7% its stake in its Brazilian subsidiary GPA (formerly CBD) at the end of a capital increase reserved for him. Grupo Pao de Acucar (GPA), the leading distributor in Brazil, is jointly owned by the Brazilian Diniz family and French retail group.

BPCE The judge Roger Le Loire will conduct an investigation for "illegal taking of interest" on the appointment of Francois Perol head of Banque Populaire, Caisses d'Epargne (BPCE), opposed by unions and opposition .

Alstom holds its general meeting from 14:00.

Auchan According to information from Figaro, Lille distributor sells new vehicles on its website. Other brands will engage, in signing him as a partnership with self-ies.com, leader of the online sales of cars sold off.

Banks In five days of the beginning of the G20, which will be held in Toronto, France and Germany called on Monday for unity on the subject of the tax credit.But Nicolas Sarkozy and Angela Merkel faced hostility from many countries of the G20, including India, Russia, China or Canada, which hosts the next G20, the introduction of a tax credit.

The leaders of GDF Suez, EDF and Poweo participate in a symposium on the power industry.

The Blues are fleeing

Defeat of France against Mexico on Thursday, referring to Nicolas Anelka on Saturday, the team refused to train Sunday partners French Football Federation (FFF) – Carrefour, Vodafone, Credit Agricole and GDF-Suez – have been strained in recent days, pending a probable elimination of the French on Tuesday.

Russia covets the French technology - June 12, 2010

As demonstrated by these matriochkas high 13 meters, which will adorn the entrance to Grand Palace, the visit of Vladimir Putin, started Thursday night in Paris, sacrifice largely Franco-Russian folklore. It was under the canopies of this symbolic place of French culture that the Prime Minister and his Russian counterpart, Francois Fillon, will open Friday morning a "Russian national exhibition. Previously, the strongman of the country will have breakfast at the Hotel Bristol with Jacques Chirac, then lunch with Nicolas Sarkozy. Fifteen Russian regions, including the turbulent Chechnya will be represented in Paris. A gathering of Russian masters, especially from the aerospace, automotive or pharmacy, will accompany Vladimir Putin.

France, the ninth largest trading partner of Russia

Unlike the two previous visits of Russian leaders in the capital – in November 2009 and March 2010 – no significant agreement should be concluded. In recent months, Moscow and Paris live on their laurels: the future participation of EDF and GDF-Suez in the pipeline South Stream and Nord Stream, the cooperation of the manufacturer Safran construction project of Sukhoi Superjet 100, the Alstom entry in the capital of the manufacturer of trains, Transmashholding. No room for complacency in the face of inroads by Russian companies in Italy and especially Germany.France is the sixth investor in Russia and the ninth largest trading partner countries.

Ads should be reserved for the visit of Nicolas Sarkozy Economic Forum in Saint Petersburg, June 19, in the presence of Dmitry Medvedev: Arianespace is about to purchase Russian rockets, and Martin Bouygues person would enter the Board Skolkovo, a project of Sophia-Antipolis in Russian, which arouses the skepticism of business.

Negotiations on the Mistral

The future of bilateral economic relations is first suspended negotiations started for the purchase by the Russian navy, a helicopter carrier Mistral. Russia, which is counting on France to help modernize its economy, relies on the expertise of the hexagon.

But Paris is reluctant to give Moscow a part of the military technology of this building.It would, however, a "good deal for the French manufacturer," says Vladimir Putin. "A helicopter-carrier as it cost around 300 million euros," added the Prime Minister who wants to buy a copy and duplicating the other three shipyards in the country. The Franco-Russian friendship has its limits.

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Bluefin tuna: tension in the Mediterranean - May 15, 2010

The French fleet of purse seiners in the Mediterranean ready to run the campaign the smallest in its history. From midnight Saturday, they have thirty days to collect more than 1 700 tonnes of bluefin tuna, cons 3000 tonnes in 2009 and 4500 tonnes in 2008.

Since Wednesday, the departure of vessels, mainly from the port of Sete, carried out under tension after the blockade organized by Greenpeace in the port of Frontignan (H?rault). "Their action is in response to concerns especially media and certainly not economic or environmental. Scientific reports write black on white that the bluefin tuna population is being rebuilt. And this year, the owners have made a huge effort to fit in the strictly legal framework enacted by the International Commission for the Conservation of Atlantic Tunas (ICCAT).Fishermen are tired of being stigmatized as exterminators and thieves, "said Bertrand Wendling, director general of the fishing cooperative S?te (Sathoan). This year, fishermen in the Eastern Atlantic coast and the Mediterranean should not exceed 13 500 tonnes of sampling with equal quotas between Spain, Italy and France.

1500 affected families

The decision to reduce the fleet in 2010 (17 ships against 28 in 2009 and 32 in 2008) was dictated by a concern for profitability and demonstrate the willingness of fishermen. "Every fishing boat could therefore 100 tonnes this year, and we need a sample of 130-140 tons to balance expenses and depreciation. The financial sacrifice is a bet on the future.Because we believe the future of the bluefin tuna fishery, "said Jean-Marie Avallone, owner S?te history of tuna, which bind only three of its four boats manufactured in France since 2002 in the campaign, on board a auditor accredited by ICCAT.

For the weapons of Rosina Arthur Marseille, the sacrifice is even more eloquent: a four tuna catch. "The French fishermen from Mediterranean will be kept under strict surveillance for this campaign. By Will it be the same for illegal fishing vessels that will continue to take, without control, limitation or quota? "Annoyed Henry Square, the National Committee of Fisheries. The stakes are high for Mediterranean ports: "1500 families live in this fishery," according to Bertrand Wendling.This, despite the reduction of the "wing" and the price of tuna leveled between 5 and 8 euros per kilo (out of the boat).

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