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The chances of Christine Lagarde at the IMF confirms

Christine Lagarde is likely to succeed Dominique Strauss-Kahn to head the International Monetary Fund (IMF). In any case, the scenario that emerges, as the Japanese business daily Nikkei, citing sources close to the international finance on Wall Street. The newspaper said the French Minister of Economy, the only officially declared candidate with the Mexican Agustin Carstens, get the support of the United States and Japan, the first two countries of the organization by number of votes. Also according to the Japanese daily, this support would be provided by Washington and Tokyo from June 10, the official date of filing of nominations.

No reaction from Tokyo at the moment on these assumptions, the finance minister Noda Yoshikiko having limited to clarify that the new IMF chief should be chosen through an open, transparent and based on merit.

Priority to emerging

These signals confirm a nomination well under way for Christine Lagarde. But out of interest, no premature triumphalism. The French minister continues his world tour to defend his candidacy and try to answer the demands of emerging countries in search of better representation.

These are also priority figure in his travels. After being in Brazil May 30, she will visit India on Tuesday, then in China. In total, four or five days of campaigning in Asia "" listen to the voice of these countries on the IMF and possibly take into account their recommendations into its program, "according to his entourage. Finally on June 10, the Minister will travel to Lisbon to meet his African counterparts.

In its international campaign, Christine Lagarde also can probably count on strong support from Germany.Monday's visit of Angela Merkel in Washington to discuss with Barack Obama instead of the IMF is emerging from this point of view of good omen. It could allow the German chancellor to convince Washington, if not already done so, whether to support the European candidate.

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The Paris Bourse uptick

Keep the 4000 points will be the goal of the day at the Paris Bourse. This threshold was consolidated yesterday with an increase of 1.63%, amid relief on the Greek case. Germany indeed abandon the idea of ​​restructuring the debt. Information that was also relieved Wall Street and Asian markets yesterday.

On Wednesday, the CAC 40 is moving slowly from 0.14% to 4014.84 points. Elsewhere, the London Stock Exchange opened down slightly, the FTSE-100 index lost just 0.05% to 5986.93 points. Frankfurt, by contrast, began with a gain of 0.23% to 7310.56 points.

Already in Asia, the euphoria gave way to doubts after the announcement of a further slowdown in manufacturing activity in China. PMI purchasing managers of the China Federation of Logistics and Purchasing (CFLP) fell to 52 last month, cons 52.9 in April.For its part, HSBC has calculated a PMI to 51.6 for May, against 51.8 in April, and noted "a continued moderate growth in manufacturing output accompanied by an easing of inflationary pressures" on last month.

The U.S. employment program

These new investors also encourage Parisians to moderation. Especially since a series of important indicators is expected:

In France, the unemployment rate fell slightly in the first quarter of 2011, to 9.2% of the workforce in France (9.7% overseas departments included), down 0.1 points compared revised figure for the fourth quarter of 2010, INSEE announced Wednesday.

In Europe is provided the manufacturing PMI in May.Then the United States, employment will be honored with the study Challenger (1330) and the monthly ADP (1430), both published before the traditional employment report from the Labor Department, scheduled for Friday . Are also scheduled in the U.S., construction spending and ISM manufacturing.

As for currencies, the euro remains stable against the dollar in morning trading at 1.4427 dollar. For its part, the oil rises, still worn by the announcement on Greece.In morning trading, a barrel of light sweet crude for July delivery took 30 cents to U.S. $ 103 while that of Brent North Sea crude for delivery gained 31 cents identical to 117.04 dollars.

Operators under supervision

As for values ​​to be followed:

Axa: 2.02% to 15.14 euros

The group, which has detailed a plan Wednesday to strategic investors, will sell its Canadian subsidiary to Intact Financial.

Peugeot: -0.37% to 29.30 euros, Renault: -0.15% to 39.36 euros

Registrations of new cars rose 6.2% in May

Schneider Electric: 0.22% to 114.85 euros

The group announced Wednesday a takeover bid of $ 2 billion (1.4 billion euros) to Telvent, a specialist in systems for managing energy infrastructure, water and transport.

France Telecom: -0.57% to 15.81 euros, Bouygues: -0.11% to 32.06 euros, Vivendi +0.15% at 19.42 euros

The mobile phone may be carcinogenic but no formal proof establishes the link between mobile use and brain tumors, cancer specialists have said Tuesday the World Health Organization (WHO).

Arkema: -0.35% to 75.90 euros

The group will enter the CAC Next 20, the antechamber of the CAC 40, and CNP Assurances will be withdrawn with effect from 20 June, the Council decided on scientific evidence of NYSE Euronext Paris. In a statement, Arkema said that NYSE Euronext enters the CAC 60 and the Large NOC is withdrawn.The reverse operation is performed for the CAC Mid 60.

Neopost: -1.16% to 61.50 euros

The group announced an increase in its turnover in the first quarter despite difficult conditions in Europe and confirmed its targets for 2011.

Theolia: 8.40% to 1.42 euros

The group announced Wednesday it had signed an MoU with the National Electricity Morocco (ONE) to develop and implement an entire fleet of 300 megawatts (MW) in Tetouan near Tangier.

Lagardère: 0.51% to 28.52 euros

The group has completed the bulk of the sale of its international magazine to Hearst, which should have a negative impact of EUR 35 million on operating profit of Lagardere Media for 2011.These disposals will impact is the objective announced in March a growth of around 10% of its 2011 operating profit at constant exchange media, which included the magazine internationally.

Neopost: -1.17% to 61.49 euros

The group announced an increase in its turnover in the first quarter despite difficult conditions in Europe and confirmed its targets for 2011.

Belvedere: -1.39% to 61.50 euros

The CEO challenge the fines against him required by the representative of the college's Financial Markets Authority (AMF).

Bourbon and Atos Origin today hold their general meetings.

EDF and Areva on the alert

Less than four months after the catastrophede Fukushima, Germany decided to phase out nuclear power within ten years. A few days ago already, Switzerland announced the non-replacement of its nuclear plants, which meant the arrest of Atomic Energy in 2034. But this Monday is a heavy sounding the end of a business. Of its 17 reactors, eight have been stopped since the nuclear accident in Japan and will not be reactivated, and most will no longer be in service by the end of the year. As for operators of these reactors is anger. German groups RWE, EnBW and E. ON, and the publicly owned Swedish Vattenfall, challenge this decision, particularly because of the continued consideration of a tax on nuclear fuel, while it was intended to remove it.The two main actors, RWE and E. ON – which operated 13 reactors – dropped by 2.07% to 19.60 euros and 40.18 euros at 2.06% shortly after the opening of the Frankfurt Stock Exchange. For Bernhard Jeggle LBBW analyst, their profits will plunge by 6 to 11% per annum for the next few years.

Thus, Germany must find ways to cover 22% of its electricity needs are currently covered by its atomic plants. Already, from Fukushima and stopping, a total of eight power stations, Germany has had to draw electricity from abroad. Thus, since mid-March, electricity imports from France have doubled. In this context, EDF is positioning itself quite well.Certainly, last December, the electrician had to leave Germany by selling its 45% equity stake in EnBW, but at its last meeting, a few days ago, Henri Proglio insite on strategy internationalization of the group, with a significant increase in installed capacity of 200 GW (gigawatts) in 2020 – against 132 GW Gross in 2011.

A decision "purely political"

Except that the French group, which intends to become the first French electric utility in the world by 2020, intend to achieve by building in easy payday loans… nuclear. However, the German decision is a strong message against nuclear energy. And if France does not seem to lead to a shutdown of Atomic Energy – the G8 in Deauville, France has sought to weaken the safety tests in Europe – the pressure on the government could still rise.Echoing the lack of visibility facing the sector, EDF shares were down 0.67% in early trade on the Paris Stock Exchange on Monday morning. At GDF Suez, the title lost 0.49% at 25.30 euros in a market uptick (+0.15%) and displays with EDF, one of the largest decreases the Cac 40.

Finally Areva, the beginning of the session was extremely volatile for the first day of trading in its shares. President Anne Lauvergeon, whose term expires at the end of June and that the issue of succession is not always avoided, says the German decision is "totally political" and did not rule out a reversal of situation by the deadline. Meanwhile, Areva has suspended its quantified for the year 2012, ie a turnover of 12 billion euros and an operating margin in double digits, after the nuclear disaster in Japan.But "the group could benefit from stress testing of units in operation worldwide, investments to improve security that plant operators will be obliged to fund," according to analysts at Natixis, and that new contracts related to the closure of units across the Rhine, or even new orders for third-generation reactors.

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Rights football: showdown between the LFP and Canal +

This Friday at 11 am, the Professional Football League (LFP) will kick off the award of broadcasting rights of football championship of France from 2012 to 2016. The stakes are high, because these fees represent 668 million euros per year for professional clubs. This year is the outstanding total. On the one hand, the LFP to maximize its revenue, on the other Canal +, L1 traditional broadcaster, wants to reduce his bill, a current amount of 460 million euros. In 1999 and 2004, the LCS had raised the stakes by pitting Canal + and TPS. GST but was bought by Canal +. In 2008, the LCS had found a new ally with Orange which spent 208 million per year for the big game on Saturday evening and mobile rights. But Stephane Richard, the new CEO of France Telecom, has thrown in the towel. Canal + remains only candidate.

Between the LFP and Canal +, a real dialogue of the deaf.From the outset, the encrypted string against this plague tender premature and believes that she wants only to maintain its current offer with the big game Sunday night and three magazines. For his part, Frederic Thiriez, president of the LFP, claims that the outcome of the tender should be equal or superior to 668 million today. The economic equation is complicated: how to achieve this amount if Canal + does not put more than 460 million? The hole is potentially 200 million.

Prize Structure

"Not at all," Jean-Pierre Louvel tempers, chairman of the Union of Professional Football Clubs UCPF. "With the explosion of smartphones, the mobile may be worth lot more than the current 60 million paid for by Orange. Secondly, the LFP can make its product more attractive by improving its exposure with a game Friday night and a special day during the winter break, "he says online payday loan lenders.In fact, the LFP and the law firm Clifford Chance should put together a bid with many prizes: a match on Friday evening, a Saturday afternoon games on Saturday evening, a Sunday at 2:00 p.m. , games on late Sunday afternoon and the big poster on Sunday evening. Added to this lot and the three mobile magazines.

Canal + contends that the splitting of lots reduced the value of the whole and that the chain can not explain the matches from Friday evening to Sunday evening on the air. Above all, the group believes that the key is not lots but structuring the necessary reform of financing of French football. This can mean a reduction from 20 to 18 clubs of L1 and a lower financing League 2 which receives 19% of the amount of football rights, or 120 million euros per year.Clearly, to reduce the bill of football, Canal + offers to save on money paid to the L2 and concentrate on the manna of human L1 18 clubs instead of 20. Categorically rejected suggestions by Jean-Pierre Louvel the UCPF. "The L2 is used to form the top players and eliminate two clubs L1 would have serious consequences on the regional economy." But the big clubs, Lyon, Marseille, Lille, Bordeaux, Paris … might be tempted by a championship tighter.

The tender may thus be complicated. The LFP has put a reserve price on all lots, it might be unsuccessful. Negotiation of mutual agreement between the LFP and Canal + could then be opened. And if all lots not find a buyer, the LFP has the possibility to expose some matches on its TNT channel future pay, CFoot.This channel will be widely distributed on satellite and cable ADSL and fans can subscribe to monthly or deed.

The price of gasoline is still beating records

The weeks go by and look for drivers who can only see the rise of gasoline prices in their service stations. Last week, the price of a liter of unleaded 95 has thus reached 1.5492 euros on an average calculated by the Directorate General for Energy and Climate (DGEC) throughout the territory. The unleaded 95 and beat his own record of 1.5469 TTC, the previous week. For its part, the unleaded 98 also registered a record 1.5861 to 1.5849 against euro per liter euro the week ending April 29.

Only the diesel appears to decline. For the third consecutive week, its price fell to 1.3453 euros per liter on average, far from its high in May 2008 to 1.4541 euro.

Prices at the pump, however, vary greatly from one city to another.According to the website carbeo.com, some gas station attendants already impose price close to € 2 advanced by the boss of Total, Christophe de Margerie. This is particularly the case of two service stations in the 16th arrondissement of Paris and Lilac (enSeine-Saint-Denis), who sell a liter of unleaded 98 to the price of 1.89 euro.

Christine Lagarde is awaiting a report

Oil prices have tumbled in the markets, however, due to a fear on the strength of the U.S. economy. The price of a barrel of U.S. light crude for June deadline ended last Friday in decline on the New York Mercantile Exchange, to 97.18 dollars, down from 2.62 dollars. For the week, the WTI has lost 16.75 dollars or about 15%, its biggest weekly decline in percentage terms since the week to December 19, 2008 when prices fell by 26.8%.Expressed in dollars, fall is the highest since the ratings began on the Nymex in 1983.

The movement was identical to London where the price of Brent at the same maturity have finished Friday at 109.13 dollars a barrel (-1.51%). For the week, the price of Brent crude fell by 13.3% or 16.76 dollars a barrel, their currency depreciation in the sharpest ever recorded.

"The oil companies and distributors have pledged to pass immediately to the pump every drop of oil prices", said Minister of Economy Christine Lagarde on Monday."I asked the Directorate General for Consumer, Competition and Fraud to give me a report early next week and be extremely attentive to changing prices," she warned .

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Positive market reaction after the death of Bin Laden

Thunderbolt in the night from Sunday to Monday: in a speech from the White House, Barack Obama announced death of Osama bin Laden, killed by U.S. forces in Pakistan. The President has confirmed information from a top U.S. official relayed by several media outlets including The Wall Street Journal and The New York Times. Markets, the announcement of the death of the leader of al-Qaeda had an immediate effect: the dollar has suddenly turned upward against the euro.

The greenback is thus dropped below the $ 1.48 mark to 1.4771 dollar exactly five o'clock, Paris time, against 1.4864 dollars two hours earlier. Similarly, the greenback was trading at 81.66 yen 80.96 yen against just shortly before. The death of public enemy number one U.S. pushes investors to buy the greenback as the dollar continued to drop in recent weeks.The weaker dollar intensified since the decision of the U.S. central bank (Fed) at the end of last week to maintain unchanged its policy of very low rates.

Similarly, oil prices fell back by 1.3% to 112.39 dollars on U.S. markets. The silver prices are also falling by almost 13%. The futures contracts U.S. already announced a rise of nearly 1% of the major indices. As for U.S. Treasury bills to 10 years, they fell back by 2.4 basis points.

"A source of concern is raised in the Middle East," which has led to lower oil prices and hence an increased demand for the dollar, "said Tomohiro Nishida, operator Chuo Mitsui Trust and Banking, cited by Dow Jones Newswires. Daisuke karakami, economist at Mizuho Corporate Bank, but warned that the new did "not support the dollar long term."According to him, "the Fed policy is more important for the dollar. The dollar will remain weak against other currencies, except the yen, the Bank of Japan is also providing to keep rates very low for long.

Elsewhere, Asian markets were also buoyant. While the Chinese stock exchanges are closed on Monday, the Nikkei 1.5% advance.

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Spain, Europe future of Las Vegas

In Spain, gambling is a tradition as evidenced by the annual success of El Gordo, the lottery with a jackpot of 2.3 billion euros last year, alleging December 22. On average, 80% of Spaniards are involved, for the delight of the public company Loterías y Apuestas del Estado, attached to the Ministry of Economy and Finance. Last year, ticket sales it had reported 2.7 billion euros.

Smelling a good deal, American Sheldon Adelson has chosen Spain for its construction project to the largest European games of chance. His company, Las Vegas Sands, which operates the largest hotel and casino in Las Vegas, is currently in discussions with the cities of Madrid and Barcelona. "I want to do a mini-Las Vegas in Europe. I hope we can use the name of Europe Vegas', 'Euro-Vegas' or something like that, "he said.I want to build more than 20,000 rooms and millions of square feet of commercial space, exhibitions and congresses. "

Billions and jobs

Sure of the success of his project, Las Vegas Sands is ready to let go, budget level: this mega complex could receive a total investment of between 10 and 15 billion euros, according to Sheldon Adelson himself. "We are preparing that very actively. I'm assemble a team of professionals in architecture, design, property development etc.. In two weeks, I will meet three major groups of buildings, "he added.

To convince the Spanish authorities, the CEO of Las Vegas Sands has promised some huge economic benefits for this country through one of its most difficult economic crisis easy payday loans. Thus, nearly 180,000 jobs could be created."No private company has never invested much money in Spain," says Sheldon Adelson with pride.

Internationalizing gambling

If this project were to materialize, it clearly confirms the strategy of internationalization of Las Vegas Sands. The company has been trying for several years to leave the market saturated already Vegas where she reigns supreme with the Venetian and Palazzo complex became the largest hotel in the world with approximately 7050 rooms, casinos, restaurants and a shopping mall.

Las Vegas Sands already generates 70% of its turnover in Asia and opened last June at Singapore Marina Bay Sands, a hotel of 2,600 rooms with a casino and a museum. Again, the group has a hand in the portfolio: the construction cost him about $ 5.5 billion which should be recouped within 5 years.

At 77 years, the multibillion Sheldon Adelson, the richest man of Sin City, the means of its ambitions. While its competitors such as MGM, saw their incomes decline in the fourth quarter of 2010, his company Las Vegas Sands sees his jump of 57% to $ 2.02 billion. Over the full year 2010, the group posted a turnover of 6.85 billion, up from 50.2% to a net profit of 775 million. The performance of Las Vegas Sands are welcomed by the rating agencies including Moody's, which believes that "this positive trend will continue."

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Ports: the strikes have cost 800 million euros to companies

On the occasion of its big annual event, the Ufip, the French Union of Petroleum Industries on Friday announced the impact of strikes on the fall of 2010 alone oil industry: 230 million euros.

A figure that could grow. For the fourth straight weekend, the activity of French ports will be affected by social movements, the CGT still requiring validation of an agreement on the drudgery.

Besides this "handicap" represented by the unreliability of the port of Marseilles, and denounced by Jean-Louis Schilansky Ufip Chairman of the rising discontent especially from the bosses of companies weakened by the downturn port. Under the patronage of the Phoenician city, the losses at the end of November last, relating to strikes, would amount to 800 million euros.In the medium term, the continued movement threatens 41,000 jobs directly and indirectly specifies the organization, who attended Thursday at a meeting of major economic players in Marseille.

Now "A container for two to France through foreign ports," a late Jean-Luc Chauvin, president of the PSU 13, the Union for companies in the Bouches du Rhone. Companies are dying to Marseille where we are in a state of permanent strike. "

Threat to long-term activity Ports

"Companies are tired, we are undermining the economic fabric," adds the CEO of the Port of Marseille, Jean-Claude Terrier. Especially if short-term impact of strikes on the job can be cushioned by partial unemployment, it is not the same in the long term.

Plagued by recurring blockages, the poor image of the port of Marseilles is widening cash advance loans. What is not without consequences for the activity: traffic from all terminals of the Grand Port Maritime de Marseille (GPMM) grew twice as fast in 2009 as the Mediterranean ports, and three times less than those Northern Europe.

And the fall in traffic could continue. On the site of Fos sur Mer, terminals and cargo containers are still totally blocked this weekend. A new arrest brings to 29 the number of calls to cancel since the beginning of the month. Between 1980 and 2010, the port of Marseille has lost 12% market share, reaching 16% last year. He has yet to lose a place among the European countries (5th in 2010).

However, difficult before any return to normalcy, to quantify exactly how many jobs really threatened.Meanwhile, a cell of the Prefecture of the Bouches du Rhone will be created to select the companies affected by social movements, and conduct an evaluation in terms of jobs. About 2,500 companies will receive bank facilities, said the Prefect Hughes Parant.

Side Le Havre, or movement is also closely watched, the loss of port activity related to strikes brought to 40% in Les Echos said the president of the Maritime Union and port of Le Havre. About 80% of the 16,000 jobs that include the organization today are indirectly affected, "he said. In January more than 50 calls were canceled out of 170 were provided, again in favor of other ports, Belgian and Dutch.

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Renault investigators seeking evidence

Following the media intervention of Carlos Ghosn, CEO of Renault, the tension was far from settled. Monday in the offices of his lawyer, Christian Charriere-Bournazel, Bertrand Rochette, one of three executives fired for "industrial espionage", insisted he would not be the scapegoat in this affair. " The gaunt, emaciated but feisty, he told her "feeling of being trapped in a machine, a system in which there are very important interests."

In charge of the investigation, more than ever in the Central Directorate of Internal Intelligence (DCRI) is the responsibility of delivering the necessary clarification of this spy case. However, investigations begin with difficulty.According to our information, the cons-espionage, acting as part of a preliminary inquiry on January 14 by the Paris prosecutor, had still not on Monday obtained a copy of the private investigation involving three senior before Christmas and sent to the leaders of the group. The police are still only a mere reconstruction of verbal conclusions reached by this mysterious pharmacy.

Last Friday, Marc and Dominique Tixador Gevrey, two security officials the manufacturer, were heard as witnesses to verify certain aspects of the case. They had been entrusted to conduct discrete research after receiving an anonymous letter accusing the end of August, namely two frames.A source familiar with the matter said Monday Figaro they called a "foreign intermediary, based out of Europe" that was then "outsourced the job" for small hands to get a series of "information "in four months. Namely the discovery, for the modest sum of 50,000 euros, an alleged secret payments system of bribes bribes from big Chinese companies, through intermediaries in Shanghai, Hong Kong or the Isle of Malta, on accounts in Switzerland or Liechtenstein.

"About nuanced"

Under what conditions this "mechanical" rather sophisticated Was up? The hypothesis of a "Tricoche," that is to say, getting "tips" in dubious circumstances by public officials or employees unscrupulous rounding their monthly on behalf of pharmacies, do not appear rejected payday loans with no fax."The DCRI will take time and go to the end of this investigation," an official confided Monday, revealing that "everything that was done before the entrance ramp of cons-espionage has no legal value" . Clearly, only the police investigations will finally provide valid evidence and admissible in the proceedings.

For its part, the manufacturer maintains that, in this case, the information that led to the dismissal of three executives "were combined in a legal manner." Nuancing the words of Carlos Ghosn, who spoke on TF1 evidence of "multiple," a spokesman said the group had never claimed to "have evidence" but that "he had sent a number of elements to justice. " Relying on the findings thereof, the manufacturer does not implicitly have been a victim of manipulation.

For Pierre-Olivier Sur, the lawyer Michel Balthazar, statements by the CEO of Renault in the media on Sunday, show that his client "is de facto exonerated," as it was, by his position as director of " upstream projects and benefits "," keeper of secrets, or the complaint does not address these issues, "but the business model for electric cars.

According to sources familiar with the matter, defenders Michel Balthazard could seek the counsel for Renault he is with them in the complaint "for false report" filed by their client. This complaint was not, in fact, Renault, but the author of the anonymous letter that started it all.

SNCF: 80% of the French disappointed by the service

The result is final. According to a poll by Ifop for the Sunday newspaper Ouest France, eight in ten French (80%) believe that in recent months, the quality of services offered by the SNCF was "somewhat worse". Only 15% of respondents believe the contrary, that it was "somewhat improved". Three percent of respondents believe the situation has "not changed" in this area and 2% were undecided.

More telling, three out of four respondents (76%) say the times were "less respected" in recent months. They are only 18% say that they are "more respected". Three percent noted no change and 3% were undecided.

Malaise

The survey, conducted on 20 and January 21 with a sample of 968 people, seems to confirm the ras-le-bol general users of the station cash advance america.After the subscribers of the TGV, which just received a compensation package, it's time for users of regional express trains (TER) to show their displeasure by engaging in a strike submission of tickets from Monday.

Eager to appease the discontent of its customers, the station provides a plan for improving its twelve lines called "sick". Efforts should focus on the Paris lines, RER A and D in mind.

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