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.
Toyota has done it again, but this time no further announcement has come offset concerns about her Prius. Not even net earnings for the third quarter … Toyota announced just before closing. In Tokyo, the Nikkei closed at a decline of 0.46%. The Nikkei lost 48.35 points to 10,355.98 and the broader TOPIX, yielded 4.59 points (-0.5%) to 911.09 points.
Crude oil prices continued their decline Thursday in electronic trading in Asia, amid declining grants and rising oil stocks in the United States, according to analysts. In morning trading, a barrel of light sweet crude for March delivery retreated 17 cents to 76.81 dollars, while that of Brent North Sea at the same maturity, lost 30 cents to 75.62 dollars .The crude inventories rose in the U.S. for the third straight week, by 2.3 million barrels – indicating a falling demand – while the market expected them to remain unchanged payday loan lenders .
As Toyota (-3.53%) and its subsidiaries are also affected by the distrust: the supplier Denso has dropped 6.26% and assembler Toyota Auto Body 1.08%. The automaker announced it would recall over 180,000 vehicles in Great Britain to redress the problem of accelerator that has been forced to go along with millions of cars worldwide, Thursday reported several British newspapers , mentioning the mark.Immediately after closing, Toyota has nonetheless announced a net profit of 153 billion yen (1.16 billion) against a loss of 164.7 billion yen (1.25 billion euros) per annum passed over the same period the group has raised its forecast Better Canada under its fiscal year.
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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"U.S. banks confess their sins
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.
The France she may suddenly find themselves plunged into darkness? With the approach of winter, the issue is not uncommon. The EDF nuclear fleet this year is much less available than in previous seasons: a reactor in five is in fact stationary. Several plants are victims of unexpected incidents (our editions of the November 6). RTE, the company that manages the lines with high and very high tensions in France, concerned about the situation but has several scenarios to protect the consumer.
Dominique Maillard, CEO of TEN. (Photo: M?diath?que RTE / Sophie Brandstrom)
London
The Conservatives have hit hard. Visiting at Thomson Reuters in Canary Wharf – the other lung financial London with the City – George Osborne, the rising star of the party presented its plan for the bonus. The finance minister's shadow cabinet, David Cameron, who did not 40 years, called the Treasury and the FSA, Constable of the British Stock Exchange, "to unite their forces to ensure that banks stop squandering their profits in huge bonus. " The highest paid bankers, including those with premium "six figures," Osborne says the BBC, should receive as 2 000 pounds maximum (less than 2 200 euros) in cash, the rest would be paid in shares.In the crosshairs, the British retail banks Lloyds, RBS, HSBC and Barclays, as well as their investment subsidiaries.
This proposal is intended to boost lending, while, according to George Osborne, the credit crunch is still raging in Britain "starved of credit and confidence". The initiative, temporary, could free him by 20 billion pounds for the trade or consumers.
The measure goes much further than those taken at G20 Pittsburgh last month, calling to pay only half the bonus tracks because, for the voice of Tory finances, "we can not expect a culture more responsible bonuses into place by itself. We must take urgent action. " The Conservatives took the example of the United States, where new policies of the Obama administration will lead to a reduction of 90% bonuses to employees the best paid."America works. Britain today does not, "Osborne Assen.
Labor has taxed George Osborne of hypocrisy. "The Conservatives have fought against all the plans that were put in place to support business and jobs," said Liam Byrne, secretary of the Treasury. "We have already introduced more stringent regulation in the world, says the Labor Party. We have not banned short bonuses in retail banking because it's impossible, but we are in talks with RBS and Lloyds about bonuses in 2009. The conservative discourse has also aroused the indignation of retail banks , who argue that "the culture of big bonuses is rather that of investment banks.
The United States as an example
The offensive conservative times, however timely.Last week, the CEBR Institute reported that in 2009 the bonus should be around 6 billion pounds in Britain, an increase of 50% compared to 2008. And on Monday, an IDS study found that if the bonus bosses 2008-2009, the largest UK listed companies have fallen by one third, increasing their salary has almost offset the decline. Two studies that provoke anger from the British while the macroeconomic data are poor, as evidenced by the contraction of GDP in the third quarter. At 8 months of a national election, the Tories have tried to show they had a plan of action to propose.
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Big contract for Bouygues in the United States. His division of Public Works, a subsidiary of Bouygues Construction, will build a road tunnel in Miami for $ 440 million. A contract was awarded by Miami Access Tunnel, the project company, as part of a public-private partnership signed with the Florida Department of Transportation.
"This tunnel will provide a second access road to the port of Miami, which is essential for its development. Located on the island of Dodge, is currently served by a single road.This new access road, which will be connected to the motorway network MacArthur Causeway, will become the main track for freight traffic and will thus relieve the center of many trucks pass through "the group said in a statement.
750 people mobilized
For Bouygues, it will include extending six meters MacArthur Bridge over a length of 800 meters. The group will also build two parallel tunnels, each 1,100 meters and 12.3 meters in diameter, and access roads. The group will also undertake the development of road connections to the network port, the electromechanical underground parts, the automatic traffic control and construction of farm buildings.
A site that should Altogether last 55 months for Bouygues and start in mid-2010.750 people are expected, at peak, be mobilized on the project.