No increase in gas prices or fuel on 1 January

Good news for the wallets of households: the regulated price of gas and fuel prices will not move from 1 January following the cancellation of the carbon tax by the Constitutional Council.

Currently set at 41.5 euros per megawatt hour (MWh) excluding taxes, the regulated price of gas for households would have increased 3.14 euros, with the introduction of carbon tax. With its removal, the price will be "not more expensive," said Department of Ecology and Energy and Sustainable Development.

The fuel and the fuel does not undergo an increase of 5 cents per liter initially planned for 1 January, according to the French Union of Petroleum Industries (Ufip). "Regarding our products, the status quo.For consumers, there will be no change, it is a white transaction, "said Jean-Louis Schilansky, president of the French Union of Petroleum Industries (Ufip).

Published on 31 Dec 2009 in economy, features, finance, people, resources, by admin

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Nuclear Seoul wins contract for UAE

The decision should not intervene before the first quarter of 2010. A consortium of South Korean and U.S., led by the public company Korea Electric Power Corp., won a contract for $ 20.4 billion to build nuclear plants in the United Arab Emirates (UAE). The latter will thus become the first Gulf Arab country to generate electricity by nuclear energy.

The agreement was signed in the presence of President of UAE, Sheikh Khalifa Al Nahyan, and his South Korean counterpart, Lee Myung-bak, visited Abu Dhabi on Sunday, said the official news agency Wam.

The winning consortium includes, in addition to KEPCO, the South Korean companies including Samsung, Hyundai, Doosan Heavy Industries, but the U.S. group Westinghouse and Japan's Toshiba.It will include the support "of the design, construction and support the operation of four nuclear power plants" of 1,400 megawatts each, according to a statement from the UAE Agency of Nuclear Energy, Emirates Nuclear Energy Corporation ( ENEC), quoted Wam.

In competition with a French consortium

In Seoul, the South Korean Ministry of Economy said that the consortium led by KEPCO has signed a contract worth 40 billion dollars in total, adding that besides the $ 20 billion announced Sunday in Abu Dhabi, a second contract 20 billion dollars would follow for the operation of these four plants.

A UAE official said however that "a contract for the operation of four nuclear power plants has not been assigned yet", referring to the second tranche of 20 billion dollars.

The South Korean consortium, which consisted originally KEPCO, Samsung and Hyundai, was competing with a French consortium led by EDF, GDF, Areva and Total and US-Japan alliance consisting of General Electric and Hitachi. The French had originally been donated favorites. The tender was for the construction of two to six nuclear reactors of the third generation in the richest of the seven members of the federation of UAE. Contacted by Figaro.fr, Areva refused to comment at any time.

Construction should begin in 2012 and "the first reactor will be operational in 2017, had then said the Director General the ENEC, Mohamed Al-Hammadi.

Published on 27 Dec 2009 in economic, economy, features, finance, online, by admin

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China and opposed by Brussels tariffs interposed

China and EU are playing a funny game, that of customs duties. While Brussels said Tuesday the prosecution for 15 months of anti-dumping measures on footwear with uppers of leather originating in Vietnam and China, the latter responded the next day, announcing the establishment of anti-dumping "temporary" on nails and bolts in European steel.

Reaction "blow for blow" of the Chinese Ministry of Commerce, which "notes that the EU was dumping on the nails and bolts in steel in China and the Chinese industry (sector) has suffered physical consequences" according to a statement posted on its website to justify this decision.

A Chinese tax could reach 24.6%

From next Monday, importers of bolts and steel nails from the 27 EU countries must pay a bond, calculated according to the price between normal and that practiced in China, the ministry said. This fee could rise to as much as 24.6%.

In the euro zone, taxes are 10% for shoes imported from Vietnam, and between 9.7% and 16.5% for those from China. They were introduced in October 2006, initially for two years and are renewed for additional 15 months.China hopes to appeal to the World Trade Organization (WTO), said the spokesman of the Chinese Ministry of Commerce Jian Yao, in a statement.

Between protectionism and liberalism

If a company exports a product at a price lower than it normally charges on its own market, they say it uses the "dumping" for this product.To counter this phenomenon, which may cause loss of significant market share for companies initially present on the national territory, the government of that country may resort to antidumping measures, forms of customs duties on exports .

The issue of protectionism is central in trade relations between the EU and China, engaged for several years in a war without thank you, trying to protect their domestic industries with a lot of taxes more or less disguised. Measures known as "dumping" supposed to curb exports to their territories, or at least reduce the margins of the international competition for the benefit of local groups. A multitude of litigation between them now that the WTO is trying somehow to arbitrate.

Published on 23 Dec 2009 in economic, money, resources, special, world, by admin

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CSD 1000 to the rescue center jobs

"An adviser employment center follows on average 90 to 95 files" recalled Laurent Wauquiez Friday. Enough to justify the listing of the use of additional reinforcements. Secretary of State for Employment was shown Friday in favor of hiring 1,000 people in one-year contract. He "hopes to be operational in February, to help the 47,000 employees that already work center.

"These forces will be assigned to keep the front of compensation to avoid a bug as in 1993" and "coming as reinforcements in the regions most vulnerable," said Laurent Wauquiez front of the Journalists Association of Social Information, stressing that "these reinforcements are designed to help us get through the crisis." Asked about the financing of its additional measures, the Secretary of State has estimated the budget sufficient employment center to fill them.

Merging ANPE-UNEDIC occurred against all odds in economic crisis has created a very tense social climate in the new public. To cope with the influx of job seekers – 80,700 salaried jobs have been destroyed in the third quarter of 2009 according to latest figures from INSEE – CDI hires in 1840 and 1000 or hiring in fixed-assisted contracts have already been made since early 2009.

Published on 19 Dec 2009 in economy, international, news, people, special, by admin

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The change in status of the Post in March rejected

This is a slight reversal done discreetly. An amendment to Article 1 of the bill on the changed status of the Post provides an entry into force of the text on 1 March 2010 instead of January 1. This is the UMP deputy for Haute-Loire Jean Proriol who took the initiative. Main reason: the discussions in Parliament have taken too late. The amendment states that "due to the postponement of consideration of the bill from the original schedule and the high likelihood of referral to the Constitutional Council, the promulgation of the law before 1 January 2010 is now unrealistic.

The postponement of two months per se has no consequences for the Post. However, the very symbol of the government which wanted to launch the change of status one year to the day before the liberalization of market positions across Europe.

This change must be approved by members during consideration of the bill on Tuesday to the National Assembly. If heated discussions ahead in the chamber, the tension should be even more palpable outside. Already in the afternoon, several demonstrators, including the NPA leader Olivier Besancenot, tried to climb the gate of the Palais Bourbon, equipped with smoke and banner bearing the likeness of Sud-PTT union.

An examination of the text in the Parliament should continue until Thursday before a formal vote January 12.

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Published on 16 Dec 2009 in business, features, finance, life, world, by admin

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CMA CGM back in Bercy

New landmark meeting Saturday at the Ministry of Economy. The purpose of this meeting is to convince the five main French bankers to make a line fast cash of 500 million.

According to banking sources, these major creditors have no desire to make the slightest effort against the shipowner in Marseille, to the extent that any condition imposed so far has been met by Saade is ie an improvement of governance and hiring a real boss. So much so that some people no longer exclude the group is reflected in backup process to bring the bankers to the wall.

The ISP is prepared to invest in CMA CGM

Published on 12 Dec 2009 in economic, economics, events, international, resources, by admin

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The title CFAO makes successful IPO

The share offer launched between mid-November and 1 December will have achieved an introductory course to 26 euros for CFAO. Removed from the listing of its parent company PPR in 1990, CFAO sign a return winner, rising 4.04% to 27.05 euros at closing.

This makes it the biggest IPO in Paris for the Bureau Veritas in October 2007.

CAD / CAM activities are divided between sales of Toyota and Peugeot in Africa, the manufacturing Bic pens in Nigeria, the distribution of drugs Novartis and Pfizer, bottling beer Heineken and Coca-Cola in the Congo or the installation of Otis elevators.

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Published on 05 Dec 2009 in economic, economics, international, life, special, by admin

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Exchanges of Dubai and Abu Dhabi plunge

The stock exchanges of Dubai and Abu Dhabi are still in turmoil, falling heavily at the opening of markets on Tuesday, fell by 6.25% and 5.91% to slightly back end of the session and closed at -5.61% and -3.57%.

This new day stock market plunge came after a particularly rough session on Monday, which could be termed "Black Monday", Dubai has recorded a decline of 7.3% and Abu Dhabi 8.3%. On two days, the decline was 13% for the first and 14% respectively.

The decline came despite Tuesday's announcement in the night by the conglomerate Dubai World for a forthcoming restructuring of some of his companies, including real estate giant Nakheel.

The award of the emirate of Qatar Gas, the Doha Securities Market, saw its index plunged by 8.3% in the wake of awards the UAE.The Kuwaiti market followed the trend, more moderate decline of 2.7%. Both stock markets experienced their first trading session since the announcement late last week by the emirate of Dubai on the difficulty of paying debts.

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Published on 01 Dec 2009 in Uncategorized, business, features, resources, world, by admin

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