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Cloud computing brings new giants

Everyone uses without necessarily knowing it, cloud computing, cloud computing, provided mostly by U.S. companies. Facebook, Hotmail (Microsoft) and Gmail (Google), the new Apple icloud are cloud services for the general public. The user accesses the service from anywhere in the world from a mobile or a PC, provided you have an Internet connection. The information is provided on request.

The same goes for companies. With the crisis, they turn to cloud computing. Instead of investing in their own equipment, they buy at the request of their storage needs, software and calculations.The cloud is "a fresh approach to IT services," says Nathaniel Martinez, analyst research firm IDC.

To make these services available all the time and safely, most of the groups IT and telecoms involved in this transformation. Amazon, Google, Microsoft, Rackspace, IBM and HP are some of those actors who provide services or equipment.

"We're always interested in personal computers, smartphones and tablets. But we want to provide end to end solutions for businesses. The global market for information technology is 3000 billion per year and no company in the world carries 10% of this total, "said Michael Dell, CEO of the eponymous company.

With more PC, Dell follows a strategy similar to that of IBM.The group is building data centers and specialized solutions, including one opened in France for the distribution sector.

No company shall, alone, all the elements of the chain terminals, telecommunications network, operating systems, applications, servers, storage equipment and security software. They come together and buy the skills they lack.

Monday, Oracle acquired RightNow, $ 1.43 billion to complete its offering in the cloud applications. In storage, a battle was between market Dell to HP to purchase 3Par, won by HP. Dell fell back on Compellent. In this area, IBM, HP and Dell that are facing specialists EMC, NetApp and Hitachi Data Systems no fax payday loans.

VMware ally of Orange

For its part, the U.S. has become a giant VMware. Its market capitalization reached $ 40 billion.Size gained through solutions that optimize business costs. Its software is used to reduce the number of servers to a client company and deploy multiple applications running on the same computer. "Partner Orange to sell its solutions to French companies, the alliance is a competitor of that formed by SFR and HP," said the expert, IDC. His opponents are Citrix, IBM, Microsoft and Oracle.

In specific applications for cloud computing, Salesforce thrives on its software paperless which is a kind of Facebook for business teams. Its potential is considerable. Its market capitalization reached 17 billion dollars, almost ten times its revenues.It confronts, in this niche, Sugar CRM, Oracle, Microsoft and SAP.

Faced with the immense amount of data created and stored, ordering specialized publishers and analyze the flow of information. IBM, MicroStrategy and SAS Institute, for example, allow a better understanding of user profiles and to predict their behavior. Amazon, Facebook, Google and Microsoft can then better target their marketing campaigns.

"The problem with cloud computing is not as data security, but the protection of privacy," said Vivek Kundra, the former CIO of the federal government of the United States Obama Administration.

However, the software security to the cloud adjust such Symantec, McAfee or Kaspersky. Finally, the major telecom equipment manufacturers such as Cisco and Huawei, want their share.In short, the entire landscape of information technology is transformed.

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Slight improvement in the morale of cadres

After an unprecedented drop in September (-30 points), who dropped to its lowest historical, the composite index of moral frameworks in October recorded a very slight improvement (4 points, -51) . This is reflected in the latest wave of eco-Baro Viavoice for HEC, Le Figaro and France Inter. "After a very bad score in September, but rather the beginnings of a correction than a real improvement in the bottom," said François Miquet-Marty, president of Viavoice.

At the macroeconomic level, white-collar workers remain pessimistic.Seven in ten think that the standard of living in France "degrade" in a year and almost eight out of ten (77%) and unemployment "increase" in the coming months.

Vicious circle

These concerns are largely fueled by doubts about "the ability of France to reduce its deficits" (47%) and the anticipation of the impact "of austerity on growth" (39%). "The magnitude of the deficits may impose stronger discipline, which could restrain growth and thereby compromising deficit reduction," the president of Viavoice analysis. For managers, this vicious circle, deficits, rigor, decay, now appears more menacing that "commodity prices" (28%), "the future of the euro" (22%) or "the changes in stock prices "(16%).

Amid this gloomy picture, however, some glimmers of hope.If the problems banks are now in the news, the difficulty for companies to find financing worries only 18% of managers. Then they are less likely to feel that their financial situation "will deteriorate" (44%, down 4 points) and almost as many think that it "will remain stationary" (43%, six points). Their employees are more motivated (36%, +4 points).

As for opportunities for a career, if they are deemed "weak" by an overwhelming majority of executives (79%), the percentage of those who disagree (17%) improved by 4 points. Finally, the question "do you think Greece should leave it to devalue the euro?", A framework of two answers "no" and nearly one in three "yes."

More than 200 cities in Ile-de-France to screen

Capital has become expensive, the Parisians are more likely to succumb to the charm of the suburbs. Consequently, the prices of old apartments (June 30) have soared over 15% year on year in the inner suburbs, with peaks of 20.5% in Courbevoie, + 20.3% in Montreuil, + 19% Boulogne-Billancourt, + 18.4% in Maisons-Alfort … Increases that will not last forever, however, predict notaries, holding that the creditworthiness of buyers is not without limits. In outer suburbs, the increase was over one year wiser (+ 7.2% for older apartments, 6.4% for houses), sufficient in all cases to clear the hole in 2009. But in the second trimester 2011, the market for old apartments fell by 0.7% in Seine-et-Marne, 0.8% in the Essonne, 1.3% in the Val-d'Oise .. . One department in four, Yvelines, remained in the green (+ 1.7%).The beginnings of a turnaround?

"Selling price of old houses in the second quarter of 2011 (Part 1) (pdf)

"Selling price of old houses in the second quarter of 2011 (Part 2) (pdf)

Low morale in Asian stock markets

Good humor gives way to doubts about the Asian stock markets. This Friday, the main financial centers in the region are displayed in red, the footsteps of Wall Street yesterday. The U.S. stock market ended the session on a sharp decline, investors who do not wish to comment before publication of the monthly employment by the Department of Labour. Moreover, indicators were mixed deleted the enthusiasm that had allowed the NYSE to chain four sessions of consecutive increase. While manufacturing is still growing and the weekly jobless claims fell, construction spending and productivity fell. In addition, the White House has lowered its growth forecasts.

In Tokyo, the Nikkei has started on the day down 0.89% and has cut its losses during the day.At closing, he gave up 1.21% to 8950.74 points, plunging below 9,000 points reached Thursday. The Topix, wider, has sold 1.09% to 769.78 points. In addition to disturbing signs in the U.S., traders took the opportunity to take profits after six consecutive sessions of gains. Side values, the technology sector, which had supported the coast yesterday, is now under attack. Sony lost 4.30%, 5.12% TDK, Sharp 1.57%. Toyota and Honda respectively lost 1.74% and 2.35% after poor sales figures in the United States.

Note also in Japan the establishment of the new government. The new prime minister, Yoshihiko Noda, awarded the finance portfolio to a member relative novice, Jun Azumi, 49, and former host of the public broadcaster NHK low fee payday advance. Yoshio Hachiro, a former member of the Social Democratic Party, was appointed Minister of Commerce.Motohisa Furukawa, a former adviser to the Ministry of Finance, will be economy minister.

In Hong Kong, the Hang Seng lost 1.32%. The Internet sector is also battered the image of Lenovo (-1.53%) and Alibaba.com (-2.37%). In Shanghai, the Shanghai Composite was down 1.28%. In Hong Kong,

In Korea, the Kospi drops 0.82%. The S & P Australian loose 1.42%, weighed down by mining. BHP, trucks from the coast, losing 1.83% while Rio Tinto was down 1.26%. Only the Indian Sensex remains in the green, up 0.63%.

Oil mixed

Oil prices were mixed on their part Friday morning in electronic trading in Asia, where the market wait before issuing the monthly report on employment in the United States, and while approaching the U.S. coast the violent disturbance, Katia.In the Gulf of Mexico, which supplies a quarter of the production of black gold in the United States, BP, ExxonMobil and Royal Dutch Shell began evacuating their staff from oil platforms. In morning trading, a barrel of "light sweet crude" for delivery in October lost 2 cents to 88.91 dollars per barrel of Brent North Sea crude for October delivery gained 19 cents to 114.48 dollars.

Budget: final arbitration to save 10 billion euros

"Real estate: the cropped Scellier

"Niches: plane and down the ceiling

"Companies: rising social package

"Other tracks: capital gains on the hot seat

Operation must! The government will this week attempt to convince the financial markets on its ability to control public finances. François Fillon unveiled late Wednesday afternoon in the presence of Baroin and Valerie Pécresse, the Ministers of Economy and Budget, the new conservation measures for France to retain investor confidence and its " AAA. "

The government enters the final stretch trade-offs. François Fillon and Nicolas Sarkozy meet to sort the list of suggestions made last week by Bercy (and amended by the relevant ministries) and begin to remove some tracks.Then the president and prime minister Wednesday to finalize the measures to adopt.

The government did not release the extent of the plan, but it evokes an effort between 5 and 10 billion, and a trend towards the top. The turn of the screw will break down between savings on public spending and further cuts in tax and social niches.

On this last point, the government does not start from scratch. The measures that were passed in the fall (tax on marriages, on the solar panels, niches plane, etc.). Will yield 2.4 billion in 2012. But we'll have to do much more. There is another month, the government did not request such an effort to households and businesses. He planned to take samples of only 3 billion. With 2.4 billion already in the pipeline, the step to take was minimal.But since the degradation of "AAA" rating from the United States, France finds itself under pressure from the markets. Even if it borrows at low levels (2.74% at ten years), a sign of confidence that it continues to generate, France must do everything to protect his note. For if it were lowered, the state should borrow at higher rates. According to the Court of Auditors, an increase of one point would increase the debt burden of $ 2 billion the first year. To prevent a runaway cost of debt, the government should not deviate from its route.

Increase in the social package

Paris has pledged to reduce its public deficit to 5.7% of GDP in 2011 and 4.6% in 2012. This objective was particularly complicated since the Insee reported zero growth in the second quarter. Bercy forecasts an increase of 2% of GDP in 2011 and 2.25% in 2012 now seem too optimistic.On average, economists expect now on a 1.4% growth next year. However, less growth means less tax revenue and more spending for the state, the social security and local authorities. Without necessarily announcing Wednesday a revised its growth forecasts, the government is obliged, if he wants to keep its deficit targets, to take austerity measures …

Increase in the social package for businesses, new plane and lower overall ceiling of niches, penknife devices ultramarine and real estate … the tracks are not lacking. The government also provides measures for the social security system, not to mention taxing very high incomes as suggested on Wednesday, Maurice Levy, president of Publicis and the Association of Private Enterprises (Afep), in an article in Le Monde ."We need efforts that will be requested to the French are fairly distributed," assured the same day Valerie Pécresse on Europe 1. The measures adopted will be included in budget 2012.

France can she get into the spiral of Greece, where budget cuts exacerbate the recession, which in turn widens the gap? A priori not. This year, increases in taxes, resulting from the measures passed in the fall, reached $ 12 billion. Without destabilizing the country.

Real estate: the cropped Scellier

Before the crisis, Bercy was considering reducing benefits. The pressure is greatest.

• Law Scellier

The niche Scellier reduces its tax by investing in rental real estate. It was expected that the tax reduction equal to 22% of the investment in 2011 reaches 18% in 2012.The reduction could fall to 15%.

• Ready to zero +

There are plans to reintroduce a means test for the loan (PTZ), in order to focus on vulnerable households.

• Capital gains on real estate

The capital gain on the sale of a principal residence will remain tax exempt. For other assets, the gain is taxed at 19%, plus 12.3% social. However, there is a reduction (10% per year after five years in prison) that applies to the capital gain and will disappear for undeveloped land for building. It is also the question of decline (eg 5%) for other goods.Another track: the system of reduction of the gain disappears for the payment of social security contributions.

Niches: plane and down the ceiling

The tax loopholes will undergo a new movement of the plane after the last year which affected 22 devices (Scellier, actions overseas, the tax credit for environmental equipment in the house). The rate of tax reduction was reduced by 10%: a rate of 50% was increased to 45%, a rate of 25% to 22% … The measure, however, has yet to be felt, because the first plane applies to the income tax paid in 2012, sitting on the revenues of 2011. The government planned to meet the plane in 2011 (eg 15%) and pass a new tax on plane sitting on the revenues of 2012.
Widely used devices, such as overseas benefits or tax credits for equipment of the house will still be trimmed.MPs want all the niches are planed. Others will disappear. In addition, the overall ceiling of niches, set at 6% of income over 18,000 euros, will be lowered.

Companies: rising social package

Social package, paid by companies on the profit-sharing and employee savings, should be increased from 6% to 8%. Expected gain: 400 million euros. Since its inception in 2009, the government increased the fee by 2 points every year! Systems loss carry-on prior and subsequent, which limit the corporate tax should be reduced. They benefit primarily to large companies but the government wants to rebalance the tax burden with the small. The carry-back would
limited to one year. And to carry forward losses from the profits would be capped.In Germany, the losses charged can not exceed 60% of the profit. However, the idea of ​​limiting the deductibility of loan interest is difficult to implement.

Tax on very wealthy households

The government pledged in the spring to tax high incomes, and a working group must report its findings in the fall. Two tracks are at this stage on the table to non-deductible from corporate income tax payments "extravagant" or create a new tax paid by very wealthy households. The latter option holds the rope in the government because it has the support of parliamentarians. Gilles Carrez, the rapporteur of the budget UMP
in the Assembly, propose to tax at a rate of 1% or 2% revenues exceeding one million euros per year. But Peter wants Méhaignerie the new tax applies from 150,000 euros to 200,000 euros in annual income for a couple.The lively debates ahead!

Other tracks: capital gains on the hot seat

Gilles Carrez wants the taxation of life insurance is carried over the water each year on their earnings potential, while households are now taxed when withdrawn at a variable rate depending on the length of detention ( 7.5% after eight years). Another idea: adjust the taxation of life insurance, whether it is placed in shares or products without risk. The UMP Jérôme Chartier wants to create an additional ceiling on tax loopholes, reducing to 50% of tax due from the advantage of niches. But Bercy is not favorable. Finally, many parliamentarians call for the removal of reliefs on capital gains from stocks and bonds (third year in excess of five years from 2012).

Financial circles opposed to the Tobin tax

By delivering on their dream table Tuesday to tax financial transactions in Europe, Nicolas Sarkozy and Angela Merkel could expect an outcry. It has taken place. From Dublin to London via Stockholm, policy makers have expressed reservations about the proposal, while the financial community condemnation."It would be a drag on economic growth," has outraged the Association for European financial markets.

In fact, European stock markets have imposed a new session Wednesday down to banking stocks, involving an opportunity for companies to NYSE Euronext, Deutsche Börse or London Stock Exchange, may be penalized by a Tobin tax, named after its inventor.

While the Franco-German plans to develop detailed proposals in September, the Swedish finance minister, Peter Norman, shows him, already his skepticism: "I do not see the positive effects that a tax on transactions in Europe could be, "he said.

Swedish experience

Sweden keeps a bad memory from his own experience of tax established in the 1980s, before being abolished in 1991.According to researcher Marion Wrobel, the Swedish Treasury was then recovered some 50 million SEK per year, far from the expected 1.5 billion minimum. And above all, by 1990, half of the activities on the actions of the financial Nordic had flown to London, those on bonds and derivatives that have been decimated.

Well placed to know that financial businesses relocate overnight, the City has no desire to suffer a similar fate. The British Treasury has hammered yesterday that a tax on financial transactions should be global. Last year, Angela Merkel and Nicolas Sarkozy had failed to join the G20 … Even obsession with competitiveness for Ireland. London looks so New York, Dublin has eyes only for London.The Irish Finance Minister has warned its partners against the temptation to limit the tax to the euro area, to bypass the "no" British.

These had led opposition last year, the failure of the tax already led by France and Germany. The government had then opted for a direct drain on bank profits, easier to implement. Since this refusal, however, the terms of debate have changed.

This proposal is in fact in a context of unprecedented turbulence in the European markets and defense of the euro. Proponents of the Tobin Tax ensure that it is likely to limit speculation, even if professionals swear otherwise. Above all, the proceeds of the levy would not have the same use. In 2009, it was intended to finance development aid.In 2011, the EU would be well integrated in the tax budget with revenues swell to 350 billion euros between 2014 and 2020. What changed the political balance of power? Vienna, Madrid, Helsinki or Madrid yesterday reported good interest in the Franco-German project.

Wall Street offers a respite

Wall Street fell sharply Wednesday recovering almost its closing levels of the end of June, clings to the balance at the opening on Thursday. The Dow Jones gleans indeed 0.03% to 12,307 points, while the Standard & Poor's 500 and Nasdaq 100 are respectively 0.06% to 1306 points and 2767 points to 0.07%.

The bad news accumulated including the announcement of a slowing U.S. economy by the Fed on Wednesday night. In its Beige Book, the Fed noted that "economic activity continued to grow, but the pace has diminished." The two black dots for the United States continues to use, with "moderate increases in employment" and a labor market "remained calm," and real estate, where "activity remains weak," according Fed.

The weak economic recovery is not the only concern.The other fear comes from the U.S. sovereign debt and the apparent lack of progress in Congress six days before the deadline after which the U.S. may default in payment. The White House has acknowledged Wednesday night thinking about how to run the U.S. federal government if Congress does not get along by 2 August on raising the debt ceiling, exposing the country to default.

The euro against the dollar stable

Macroeconomic side, new jobless claims in the U.S. fell after mid-July to their lowest since early April, according to figures released Thursday by the Labor Department. At 398,000 in seasonally adjusted data for the week of July 17 to 23, the first time in three and a half months that the estimate of unemployment claims dropped below the 400,000 mark.It is still awaiting figures on the promises of sales in the U.S. that will be particularly monitored 16 hours today.

On the foreign exchange market, the euro lost more ground against the dollar. It is trading around 15.30 U.S. $ 1.4265, down 0.72%. Oil prices, they were in small drop at the opening in New York, in a market trying to regain a foothold in the very quagmire of American debt crisis. Around 3:10 p.m., the New York Mercantile Exchange (Nymex), a barrel of "light sweet crude" for September delivery was trading at 97.00 dollars, down 40 cents from the previous day.

Sprint Nextel fall, Symantec is appreciated

The side of values, Symantec (3.99% to 19.15 dollars) reported for the first quarter of 2011/2012 a profit of $ 172 million, or 22 cents per share. Turnover was up 15% to 1.65% to 1.65 billion.For the current quarter, the company expects a growth in turnover from 12% to 13% minimum to 1 655 to 1 675 billion.

The chemicals group DuPont (1.76% to 53.20 dollars) shows a marked increase. The company announced on Thursday a net income up 5% in the second quarter, better than expected and raised its annual forecast results for 2011. Net income rose to $ 1.21 billion in the second quarter, against 1.15 billion last year, according to a statement from the group. DuPont also raised its annual earnings forecast "because of positive expectations for global growth."

However, Sprint Nextel (-15.70% to 4.35 dollars) falls after posting a quarterly loss Thursday than expected from April to June, the third largest U.S. mobile phone registered with more departures than arrivals of customers.Its loss widened to $ 847 million, 28 cents a share, against 760 million, 25 cents per share, a year earlier.

Exxon (-1.82% to 81.79 dollars). The tanker has reported a quarterly profit below expectations, in the refining business was worse than expected.

Colgate Palmolive (-0.25% to 85.28 dollars) announced quarterly results slightly above analysts' expectations, the good performance of international sales offsetting poor sales performance in North America. The manufacturer of toothpaste and care products posted a profit of $ 622 million over the period, or $ 1.26 per share for a turnover of 4.19 billion. Financial analysts anticipated $ 1.25 per share and 4.18 billion.

Visa (0.66% to 88.33 dollars) reported Wednesday a quarterly profit up 40%, while announcing the establishment of a new tariff structure for American traders. The first global network card payments reported earnings per share, excluding special items, of $ 1.26 while analysts had expected $ 1.23.

The investment fund Blackstone (0.06% to 17.38 dollars) is in talks with the American Medical Informatics Emdeon for a possible bid. The Wall Street Journal, the purchase price could reach $ 3 billion, including debt, if an offer materializes. The company Emdeon, which must publish its results on August 8, specializes in services and financial management software for physician offices.The Nashville company expects a turnover of 1.1 to 1.13 billion in 2011.

The Ford Motor Company (0.81% to 12.47 dollars) on Thursday announced plans to invest one billion dollars in a second plant in India to take advantage of the rapid expansion of the internal market and achieve its growth objectives.

Aflac (5.32% to 46.50 dollars) on Wednesday released after the close of Wall Street, earnings per share in the second quarter from 0.6 dollar against 1.23 dollar last year. The company maintained its forecast of growth of operating profit per share of 8% in 2011 and 2% to 5% in 2012.

Ameriprise Financial (3.78% to 53.52 dollars) announced earnings per share up 22% for the second quarter to $ 1.25.The amount of assets under management rose 17% to $ 670 million.

Cliffs Natural Resources (-4.95% to 88.96 dollars) has issued an earnings per share for the second quarter rose 52% to 2.92 dollars, thanks to acquisitions and higher prices for iron ore .

Murphy Oil (-6.23% to 62.75 dollars) made a profit of 1.6 dollar per share in the second quarter, up 13% thanks to higher crude oil and improved refining margins and retail margins.

Air France: towards an agreement to avoid a strike in late July

Unions and management are on track to avoid a strike announced for the end of July. Thursday night, representatives of hostesses and stewards of Air France was optimism about reaching agreement with management in the day, on the organization of the work of flight personnel. This Friday is indeed crucial in the negotiations. "If we do not find a solution before tonight, we can not turn back. The organization of air activity is very heavy, told AFP Jean-Marc Jaouen, delegate of the National Union of cabin crew (SNPN).

The seven unions involved threatening a strike since Monday 29 July to 1 August in protest against the new organization of work proposed by management.The CEO of Air France, Pierre-Henri Gourgeon, has in fact recently released a project to install four bases in the provinces to increase the productivity of the company based on the model low cost. It would be particularly asked the crew to work longer on a reduced number of days to be able to fly more planes. The sailing team would also be reduced from four to three people in some aircraft. In return, Air France did not want to donate 20% maximum productivity gains and made its staff.

The pilots union still in conflict

Towards unions as there was optimism yesterday about the possibility to find here tonight common ground bad credit payday loans. "We had five areas of disagreement, three have already been accepted by management", said last night at the AFP Jean-Marc Jaouen, the SNPN.Remains still to be discussed include the reduction of crews on long flights and medium-haul 142 passengers. "There is progress in the negotiations, although they are still insufficient. An agreement to end conflict can be signed, "also found Philippe Sports, the UNSA. Air France was doing its part to know last night told AFP that it "was very open in discussions" and that "all flights were kept" from July 29 to August 1.

If the conflict started with the hostesses and stewards are being addressed, it is not the same with the pilots' union, which called the strike on August 5 to 8. The powerful SNPL validated last week at 55% the new organization of work desired by management. But he opposes the hostesses and stewards on measures to sustain the supplementary pension fund for cabin crew, currently in deficit.Despite a law passed in 2008 providing for a reform of the fund, the implementing decrees have still not been published, failing agreement between the two parties.

(With AFP)

Slump on the stock exchanges in Asia

Investors are serious threats to U.S. debt. After Moody's, Standard & Poor's is who placed the AAA rating of U.S. debt on negative watch, a move that paves the way for a potential degradation of this note in three months. The debates in Congress about raising the ceiling of the debt of the United States because struggling to move forward. If an agreement is not reached on this issue, the United States would be in default on 2 August. Treasury Secretary Timothy Geithner and Fed chairman, Ben Bernanke, multiply the exhortations to heed the warning of the rating agencies and to establish "a credible policy of fiscal stabilization and deficit reduction" . U.S. President assured that "the time for decisions has come."Barack Obama held this afternoon a press conference.

These concerns, coupled with the persistent confusion in Europe after the breakdown of the note of the Greek debt, pushing investors to turn to gold. The yellow metal hit a new all-time high last night at 1583 dollars an ounce.

Crude prices evolve without trend: a decline of 0.22% observed on futures contracts for Brent North Sea, but the future of the light sweet crude advance of 0.08%.

The Nikkei keep your head above water

Despite this background of mistrust, the Nikkei in Tokyo managed to stay close to balance just before the closing, (0.03%) to 9939.36 points.

In China, foreign direct investment in the first half display, up 18.4% year on year to 60.89 billion dollars.But the Shanghai Stock Exchange, investors hold above the overall context of market and the strengthening of restrictions on the purchase of apartments in several Chinese cities. Therefore, the CSI gives 0.11% to 3112.44 points.

And Hong Kong, the Hang Seng Index was down 0.26% at 21,883 points, to 7.30.

The Chinese joint venture with Auchan, Art Sun Retail, which raised $ 1.14 billion as part of his introduction to the Hong Kong Stock Exchange, has postponed the start of its listing, expected this Friday, July 27. The postponement is due to an error in the presentation material from the introduction on its earnings per share. New documents will be issued Monday.

In Bombay, the Indian Sensex was down 0.18% to 18,585, 40 points.

The Australian market, unconvinced by the acquisition of BHP Billiton

In Australia, the ASX 200 was down 0.48% to 4469.10 points.The Australian market was led by the announcement of an acquisition by mining giant BHP Billiton. Putting his hand on the American Petrohawk Energy for 12.1 billion dollars (8.6 billion euros), it opens the doors of U.S. shale gas. Following the announcement last night, the action of BHP Billiton has sold 1.7% to the Australian Stock Exchange, to 42.84 Australian dollars (45.83 U.S. dollars) after reaching a low in two weeks early session.

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The CAC 40 is depressed before the European meeting

The Paris market continues to fall on Thursday, a reflection of what has been observed in Asian markets this morning and the decline in U.S. indices yesterday. Wednesday evening, the Cac 40 lost 0.15% and ended at 3871.37 points in a very dynamic market, with over 7.1 billion traded on the benchmark index of the Paris Bourse. And on Thursday, the index still declined from 0.49% to 3852.48 points.

At the time of opening, the composite PMI, which includes industry and services, has returned to version 55.4 "flash" against 60.3 in May, reaching its lowest level since October. The growth of private sector activity in France has slowed more than expected in June.

European side, European leaders find themselves on Thursday night in Brussels at a summit to try to reassure their ability to stem the endless debt crisis in Greece and prevent contagion throughout the euro area, which worries more and more abroad. Other items on the agenda: the confirmation of the appointment in November of the Italian Mario Draghi as President of the ECB to replace Jean-Claude Trichet.

The publication of the memo on the economy of France, to be released at 22 o'clock tonight, will be watching. In addition, the G20 agricultural ends today. In addition, Christine Lagarde, a candidate for the general direction of the International Monetary Fund (IMF), spends his oral exam today in Washington.The maintenance of his rival, Mexico's Agustin Carstens, was held Tuesday.

United States, a report by the Congressional Budget Office (CBO) on Wednesday warned against an explosion of net public debt, which can reach 100% of GDP by 2021 if nothing is done to correct the current trajectory. In addition, the U.S. central bank is now focusing on a GDP increase of less than 3% in the fourth quarter. New measures could be considered if the economic situation deteriorated.

On the currency markets, the euro bends slightly from 0.20% to 1.4307 dollar.

EDF denies

The CAC 40, only Pernod Ricard rises in green: 0.06% to 66.49 euros. But in the SBF 120, Lagardère stands: 2.33% to 27.40 euros.Areva takes him 0.59% to 25.50 euros.

Side drops, banks suffer: -1.66% to 39.21 for SocGen, -1.51% to 10 instant credit report.10 euros and Credit Agricole -1.18% to 42.12 euros for BNP Paribas. European banks resisted, however, a defect in Greece, according to Bernard de Longevialle, head of bank ratings at Standard & Poor's. Note that BNP Paribas bought 25% of Findomestic to the bank Intesa Sanpaolo for 629 million euros and now holds 100%.

EDF (-0.52% to 25.96 euros), which plunged 3% yesterday s "ance, had to deny rumors of leaks in nuclear plants in France. The CGT has nevertheless confirmed that called for an end of a reactor at the plant in Seine-Maritime Paluel due to extraordinary levels of radioactivity. The electrician has admitted it yesterday "an accumulation of small differences" after the publication of an article Mediapart citing incidents in series.

In addition, the dean of French nuclear reactors, the central Fessenheim, would be allowed in the coming days to continue to operate for ten years.

EADS (-0.09% to 21.83 euros). The buyers of the Airbus A400M signed a framework agreement on the development and maintenance of the fleet of the future military transport aircraft. Furthermore, after signing an order for sixteen billion dollars with Indigo, negotiate with Airbus for 200 A320 AirAsia NEO.American Airlines could also favor the European aircraft manufacturer at the expense of its rival Boeing.

Air France-KLM lost 2.06% to 10.21 eruos.

Dassault Systemes (-2.74% to 56.15 euros, the largest decline rating) expects a double-digit increase in sales in the aerospace and defense between 2010 and 2014 thanks to the many innovations offered by these sectors, Reuters said Wednesday its chief executive Bernard Charles said in an interview.

Automobile manufacturers seek to diversify their income and increase customer loyalty.

Peugeot (-0.57% to 29.72 euros) PSA installed production capacity that should allow it to manufacture more than 30,000 hybrid vehicles per year, reports La Tribune. "At Sochaux, we expect a potential of 70 to 80 units per day," says Serge Isler, project 3008 Peugeot hybrid.In addition, PSA has manufactured in Rennes, Brittany, just over 15,000 Peugeot 508 equipped with the same technology, the paper said.

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