Laurence Parisot is now the only candidate to succeed himself at the head of MEDEF. Her rival, Sophie de Menthon, president of the employers' movement Ethic officially confirmed on Monday morning on BFM radio that throws in the towel, not wanting to go to court to assert his candidacy. The opponent has indeed encountered a stumbling block in his plan to run for President of the MEDEF: it accuses of late payment of contributions to Medef, and therefore can not seek the presidency as announced in Le Figaro April 13 last.
"I brought a check to pay my dues Medef late, said Sophie Menthon on BFM. They told me that before I can file my application, a preliminary investigation was necessary, and that the MEDEF could not decide on my application before JuneI will not lead employers in a legal battle. "
She believes however that the Board of Medef could meet quickly to endorse its regulation, and allow it to occur. It therefore deplored the reluctance of the employers' organization to focus on his record, leaving the way open for Laurence Parisot Guaranteed unsecured personal loan.
"It's a huge strategic mistake, says Sophie Menthon. Fear has won. There was no reason not to campaign.There's more dirty linen to wash the MEDEF. "She promises to give its program and its positions by means other than a campaign.
Thibault Lanxade "will not go"
Lanxade Thibault, head of the SME Aqoba, who had called for a "primary challengers last fall, has also withdrawn from the race for President of the MEDEF.
"I will not," he said on BFM Monday. Its share was "convinced" by Laurence Parisot as the debate that he dearly wanted to be actually carried out in case of re-election of outgoing President, and he should remain internal to the MEDEF.A rally that he claims to have made "without any pressure," believing that "the unit of employers is more than ever necessary" because of the crisis.
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Havana Club Rum, owned by a joint venture owned by the Cuban government and Pernod-Ricard continues to turn heads. For over three years, Bacardi, owned by Cuban exiles, sells in the United States (where the real Havana Club is blocked because of U.S. embargo on Cuba) rum he also called Havana Club, but distilled Puerto Rico. Bacardi claims to have acquired the Havana Club brand in the family of its founder, whose property was nationalized after the Cuban revolution.
To prohibit the marketing copy of this Puerto Rican, Pernod-Ricard (who has also taken action regarding the ownership of the Havana Club trademark in the United States) argued in federal court for the District of Delaware fans rum could be misled about the origin of the product no teletrack payday loans.The court rejected the request of the French group, which has decided to appeal.
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The crisis in the eurozone, triggered by the financial woes of Greece, does not discourage candidates for membership. Instead, the accelerated deadlines. Next on the list, Estonia – a member of the European Union since 2004, like its Baltic neighbors – has become in January the 17th state to adopt the single currency when it emerges just one of the worst recessions its history. The small Baltic state announced Friday a fiscal deficit and public debt for 2009 well below the limits set by the European Union, respectively 1.7% and 7.2%. These exemplary figures are enough to make the envy of the major European countries even if they hide a decline in GDP of 14%.
With these results, the government intends to pass his entrance examination in May for publishing the report in Brussels in June and especially in the political verdict Finance Ministers."I do not see how they could refuse," said Estonian Minister of Foreign Affairs Urmas Paet. Most countries in the euro area far exceed the criteria, "Bill Thomson, OECD, grade:" One can always interpret in one way or another, especially on the sustainability of public finances. This is a political decision. "As such, the entry of Estonia into the OECD in late May it provides proof of credibility.
Yet a year ago, few experts would have bet on the country joining the single currency. After years of euphoria, the country has suffered serious setbacks: the collapse of the housing bubble, crash consumption, falling exports … and unemployment rising sharply, to 14%.
Unlike most countries that have tirelessly to revive the machine, the strategy here was quite different, based at the end of 2008 on the restrictions.Salaries down, the tax burden to rise, spending freeze … In 2009, savings accounted for 9.2 points of GDP. All without protest or strike extent. "If we compare the living standards of the time (prior to its independence from Russia in 1991) and today is the day and night. Wages have increased significantly between 2005 and 2008, justifies Rein Minka, vice president of the central bank. "Estonians do not complain, it is not in their nature. They have not forgotten the rationing of the Soviet era, reflects Stecken Antoine, a French importer of cosmetics no fax cash loans . They are also followers of the liberal model."There is a consensus policy, including public opinion, to deny recovery by the public debt," said Maris Lauri, chief economist at Swedbank.
Meanwhile, the newspaper in Tallinn is very difficult. In the image Meeli Lass, 39, 4 children, opera singer, who supports her family with a salary of 13000couronnes (around 830euros) – good pay, judge the young woman. Her husband was fired, and his eldest daughter graduated last nine months looking for a job. "It tightens belt: no output, no new clothes. This winter, heating costs have soared because of very severe cold, they make up half of our budget. We still have potatoes that my husband grows outside the city. "What can we expect Does the euro? "This will be worse, answered Meeli with fatalism. Prices will rise as in Slovenia.And the country loses a little more independence. "
Flexible economy
According to surveys, almost 55% of the population believe the contrary to the virtues of the euro. He starts by removing the specter of devaluation ruinous for the country. Despite the fixed exchange rate regime, many rumors have circulated at the height of the crisis, the contagion of a Latvian lat devalued. The government also relies on the euro to attract investors. "We have a diverse economy and a very flexible system of single tax to 21%. Moreover, if the company reinvests it pays no taxes, "argues the minister of Economy, Juhan Parts.
For Maris Lauri, the only apparent in the short term will come from exports, which have already started to leave. "Estonia has a large network of SMEs that can adapt and produce in small quantities," said the economist.The close cultural, linguistic and geographical Finland is an undeniable asset. In two hours by ferry from Helsinki to Estonia, which produces a third less expensive, has become the preferred subcontractor of Finland. It cultivates its differences with its two Baltic neighbors: Latvia leaded by a banking crisis and real estate and Lithuania dependent on markets in Germany and Poland, which has seen its market collapse.
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End of suspense at Heuliez? The Turkish investor Alphan Manas, including Industry Minister Christian Estrosi announced at the end of February, the nomination was finally signed Tuesday a memorandum of agreement for the purchase of automotive equipment. According to the Ministry of Industry, the agreement which provides for a capital increase of 30 million euros – which should also involve the Poitou-Charentes region and the state – should be finalized next March 31, for the greatest relief of employees Heuliez. Three million have already been provisioned by Brightwell, the fund's investment Alphan Manas.
The recovery of the industrial problem is a political problem, just days before the second round of regional elections.Given the impotence of the original buyer Bernard Krief Consulting to bring the 15 million that was promised to the court, S?gol?ne Royal, president of the Poitou-Charente, had itself announced in February the arrival of a new candidate , Macif payday loan . But it was another disappointment for the 660 employees Heuliez, the mutual has announced some time after its withdrawal. The Minister of Industry, also on deck for the placement into receivership of the supplier, assured even at the beginning of March to be sure "99.99%" of the future agreement with the investor Turkish. "It's a businessman recognized and valued," he then pleaded. The decision to do it Alphan Manas is not made less wait.
Christian Estrosi, who receive 16 hours Tuesday at the union of automotive, therefore welcomed Tuesday the decision "great news for Heuliez and its employees", while calling for vigilance. "By this date, it is important nonetheless, given the historical record, to remain cautious until the transaction is not finalized legally.
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The large loan can be used to finance part of the additional costs of the Airbus A 400M? More precisely, the envelope of 1.5 billion dedicated to aeronautics of the future. No, says Jean Arthuis, the centrist chairman of the Committee on Finance of the Senate. "It would contradict everything we have voted, because the credits were for the green plane of the future and that the A 400M, this is not the plane of the future," he said.
This track is actually considered by the government must find a solution to finance the share that goes to France in support of the additional costs of the program. EADS, Airbus' parent company, and seven states customers have agreed on a share of the 7.6 billion financial slippage.The countries have agreed an extension of 3.5 billion euros.
For France, the bill amounts to 950 million including 550 million to cover the rising price of the unit and 400 million in the form of repayable advances on future export sales. The Department of Defense will draw from its budget to fund the increase in price but not advances. Because they are not granted an extension for Airbus to plug a hole but a loan with a rate of interest which the State should pay heavily. As far as the A400M carries a fine international career where his potential is estimated at between 300 and 400.
Another track
The 400 million will be financed from departmental funds, has already said Herv? Morin, Minister of Defense. For supporters of the use of large loan, the A400M is a good candidate.They said it meets the eligibility criteria because it is an aircraft of the future – will be commissioned in 2013 and his life revolves around 40-50 years – it allows Airbus to develop a new range of 'aircraft, it uses 25% of composite material of the future in aerospace, it is still under development, it combines technological innovations that will have benefits in civilian industries, it will create 12 000 jobs in France.
Finally, highlights a very good judge of record, it is mentioned nowhere in the eligibility criteria that excludes borrowing large military aircraft. Technically, the proponents of the use of large loans have a strong case but respects he mind? It is less certain. It will be Rene Ricol, Commissioner General for investment, to judge.
Unless another solution is chosen.It would transfer into the basket of large loan funds research before its adoption, were housed in the general budget of the State. Then, the flexibility found would be used to finance repayable advances from the general budget.
The arbitration shall be made by Matignon in the coming months. But, says one, there is no urgency because the funds will not be paid to Airbus before one or two years.
The week starts well for the Asian market. On Monday, all financial markets appear to increase sustained. At the Tokyo Stock Exchange, the Nikkei opened up 1.53% and growth is accelerated in mid-session (1.80%) before finishing on a gain of 2.09% to 10,567.25 points. This is its highest level in six weeks.
The morale of Japanese investors is supported by sound macroeconomic statistics, published Monday. Japan has indeed registered in January of a current account surplus of 899.8 billion yen (6.9 billion euros), after having suffered a record deficit de132, 7 billion yen last year, according to the Ministry of Finance . This figure is higher than the forecasts of economists who were expecting on average a surplus of 750 billion yen.
In addition, Asian markets continue to react positively to the figures of U.S. employment, less bad than expected on Friday.The United States lost 36,000 jobs in February. The consensus of analysts foresaw from 50,000 to 67,000 job cuts. The unemployment rate remained steady at 9.7%, consistent with him, anticipated savings account payday advance . The announcement Friday, coupled with an increase in consumer credit (4.96 billion dollars in January, the first increase in a year), led by Wall Street and European financial centers, close to the green.
Exchanges in the region follow suit
In the wake of Tokyo, the benchmark Hang Seng Stock Exchange of Hong Kong climbed 1.92% to 21,186.09 points. The Shanghai Stock Exchange is 0.74% at 3053.60 points.
The other exchanges in the region follow. Korea's KOSDAQ is up 0.73% to 1267.63 points. The Bombay Stock Exchange posted an increase of 0.92% to 17,150.53 points.The S & P 200 Australian climbing 0.85% to 4807.90 points.
The increased gross
As for commodities, crude prices were trending upward in Asia on Monday. The barrel of light sweet crude for April delivery gained 47 cents to 81.97 dollars, reaching the highest at 82.04 dollars before retreating.
The barrel of Brent North Sea at the same maturity, took 47 cents to 80.36 dollars.
Economic conditions continued to improve in the United States in January-February, "although harsh snowstorms in early February have dampened activity in several regions," according to the Beige Book released Wednesday by the U.S. central bank (Fed).
The document states that the activity has increased in nine of the twelve regions (by cutting the Fed), but that "in most cases, these improvements were small.
The information provided by the Beige Book are very important because they serve as a reference to the meeting of the Monetary Policy Committee of the Fed scheduled for March 16, which will decide on changes in interest rates.
Regarding the labor market, for which the Fed chairman, Ben Bernanke, gave recently bleak outlook before Congress, the document notes that "the pace of layoffs has slowed in most regions, but that hiring plans of companies remain "soft in general."
As for expenditure on household consumption, traditional engine of growth of the country which is struggling to regain its role, they "grew slightly in many areas, but have been hampered in some by the snowfalls of early check cash advance .
Japanese carmaker Toyota, which is considering the recall of hundreds of thousands of Prius cars due to brake problems, may also recall the models and hybrid Lexus HS250h Sai said Monday the Nikkei daily.According to the newspaper, which cited no sources, this measure would cover some 28,000 cars in Japan and abroad (8000 Sai and 20,000 Lexus), with the same braking technologies that Prius.
The Japanese beverage maker Kirin Holdings will continue to seek strategic partners to become a global leading insisted Monday the director general of the group after the breakdown of merger talks with fellow Suntory.
U.S. exchanges are connected to the cautious mode. At the opening, the Dow Jones earns a "small" 0.01%, before the publication of statistics of disappointing, while the Nasdaq lost 0.18%.
The expectation results from Intel, which will be announced tonight after-hours trade, is felt. The day before, markets have been supported by financial stocks and ended the session up support. And this morning, Asian stock markets ended in green.
According to the Fed, interest rates remain permanently low. The Minutes of the FOMC have confirmed a continuing recovery in economic activity, but the country still convalescing.On Wednesday, the United States has issued a budget deficit widened in December, reaching 91.85 billion dollars.
In Europe, the ECB left its key interest rates to 1% on Thursday.
Disappointments side statistics
The number of registered unemployed in the United States was up more than expected during the week ending January 9, according to figures released Thursday by the Labor Department. In data adjusted for seasonal variations, these weekly applications for unemployment benefits rose for the second consecutive week to 444,000 against 433,000 (revised) the previous week.
Another disappointment, retail sales in the U.S. fell against all odds in December, according to official figures released Thursday in Washington, but this masks a bad performance review of their surge up the previous two months.
Sales at retailers and restaurants fell 0.3% in November (data seasonally adjusted), said the Commerce Department, while analysts were waiting up 0.5%, according to their median consensus .
And import prices in the United States remained stable in December compared to the previous month and rose 8.6% over the whole of 2009 due to high prices of energy, according to figures released Thursday by the Labor Department.
Mixed opening for banking
President Obama should present today (noon, local time) measures to facilitate the repayment of public aid for banks and given guidance on the new tax credit. Shortly after opening, JP Morgan Chase gained 1.06% to 44.73%, Bank of America 0.54% to 16.71 dollars. In contrast, Morgan Stanley sells 0.83% to $ 31 and Goldman Sachs 0.69% to 167.90 dollars. Wednesday at the close, Bank of America gained 1.6%, 1.8% JPMorgan Chase, Morgan Stanley 0.4% Goldman Sachs 0.7%. To recall, JP Morgan Chase will release Friday.
Hershey (-3.02% to 36.61 dollars) has proposed a new offer to buy Cadbury, the Financial Times. Off-exchange, as Hershey sells nearly 3%.Cadbury breath as he seeks another buyer that Kraft Foods.
Rio Tinto (+2.54% to 233.94 dollars): the Australian mining group columbia unveiled its production of iron ore rose 49% in the last quarter of 2009, over one year.
The company Zale Jewelry (2.54% to 3.23%, having lost 8% non-Exchange) has seen three of its senior executives leave the group.
Intel (+1.71% to 20.96%) publish, after market, its annual results.
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Four laboratories were sold to the French government 94 million doses of vaccine against influenza A. This is the British GSK for 50 million doses from Sanofi Pasteur French (28 million doses), Swiss Novartis (16 million) and the U.S. Baxter (50 000 doses). All these quantities have not yet been delivered for lack of sufficient production capacity. And even if the needs now seem to have been overstated, these manufacturers have no plans so far to suspend deliveries.
"For now, we have delivered half of our 28 million doses, which is consistent with our commitments, Le Figaro said a spokesman for Sanofi Pasteur. And we will continue to stagger our deliveries as agreed until March. The government has not contacted us to ask us to consider something else. "Contacts, GSK and Novartis did not respond to our calls on Sunday.
675 million euros
Legally, it seems very difficult to challenge a contract by tender procedure if it is binding. The economic and political reality of things can push the labs to be conciliatory, given the weight of government on drugs: is the State which sets prices, and Medicare which, directly or indirectly, pays! Sanofi-Pasteur – French group which is more … – said he also "willing to renegotiate if the government asked," even if "no clause in the contract so provides."
Sanofi-Pasteur's vaccine bill without adjuvant dose 6.25 euros; GSK, 7 euros, Novartis, EUR 9.34; Baxter, 10 euros. Overall, the market rises and to 675 million euros.Besides the 36 million doses that the government had pr?r?serv?es, where the 94 million departure would not have been enough! Manufacturers have realized that they could make a cross on the command there.
Another beneficiary of influenza A, Roche, who with treatment Tamiflu, which reduces the duration of the flu, "has been a more important," admits one in the Swiss group. But in this case, the stock of government has been gradually established since 2003, with 33 million doses of which 24 million treatments of Tamiflu and 11 million treatment courses of Relenza (GSK).
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