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The Council of State suspended the execution of the decree of September 29 on the sale prices of natural gas, the institution announced on Monday. Gas prices are definitely a real headache for the government. Enact increases in the order of 4 or 5% per quarter is difficult to six months of a presidential election, particularly in times of crisis. So the government there decided by a ministerial decree of 29 September, to freeze the rates for individuals instant credit report. This price stability followed that decided on July 1.

"The Minister of Energy is preparing a new tariff order to be consistent with the decision of the State Council," responded late Monday afternoon, the firm Eric Besson said in a statement.For their part, competitors (Poweo, Direct Energy, Altergaz, Gaz de Paris) grouped in the association had also applied to the anode highest administrative court, in proceedings for interim relief.

Fnac goes hand in telephony. In this sector, the specialist distributor has a market share below 1% with only 80,000 packages sold last year. Marketing offers from most mobile operators, Fnac had to manage a complex set of over 1200 different packages!

As a result, the company decided last June to associate with a single operator, SFR, for the management of its telecom corners. Last night, Alexandre Bompard, CEO of Fnac and Frank Esser, CEO of SFR, inaugurated the new sales concept to the Fnac in Paris CNIT La Défense. This is the first to rock and eventually all the rays of the 80 mobile Fnac become "SFR space." "We hope to sell 200,000 lines via Fnac stores a year," said Frank Esser.

Specifically, the client who wants to buy a mobile Internet subscription, a fixed line, access to fiber optics as well as terminals or incidental to the Fnac will head to the "corner" SFR located within the store. It will be supported by advisers SFR, distributing only offers from this operator. The sales force, merchandising, and information systems of these areas will be managed by SFR. The operator will share the revenue with the Fnac. In return, Fnac provides SFR with prime locations in city centers and suburbs.

SFR 500 vendors

After the first opening in November in the Fnac of Sainte-Geneviève-des-Bois, Portet-sur-Garonne, Herblay, Annemasse and Paris la Défense, five new spaces will be installed in Fnac by Christmas in Velizy II Créteil, Nantes, Bordeaux and Parly II.

A woman at the head of IBM

Soft, IBM is changing. Virginia Rometty, called "Ginni" in the group where she began her career in 1981, will become the first woman CEO of the giant Armonk. Aged 54, she will take office January 1.

The transition with Sam Palmisano, the boss for ten years a number of U.S. computer services, will be phased. He will become chairman of the board of directors.

Continue the transformation of the group

In the soothing world of IBM, Virginia Rometty has climbed the ladder since being hired as a systems engineer. She has led the industry including insurance and financial services.His feat of arms was in 2002, the integration of the consultancy arm of PricewaterhouseCoopers to form a strike force of 100,000 consultants.

This successful integration has led her to take charge of IBM Global Services, the main activity of the giant who represented the third quarter of 2011, 57% of the turnover of the group.

Ginni Rometty intends to continue the transformation of the IT group that "has changed in a decade."

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François Fillon, VRP G20 and reforms in Asia

Gray, the sea merges with the sky. Extend to the shores of sight, désolés.Les wooden houses were swept away. Instead, montages of rubble, cars tangled, ripped open a school … Only concrete structures, as well as cemetery headstones, have more or less resisted. It's in the rain and mud, that Francois Fillon visited Ishinomaki port city of martyrdom, devastated by the earthquake and tsunami of March 11. The wave of 14 meters, which was thrown on the Japanese coast, killed 4000 people in this city, nearly a quarter of the 20,000 victims of the disaster.

The Prime Minister walked through the rubble, before laying a wreath at the monument to the victims, a simple wooden board, with an inscription: "Courage, stand firm.""I came to Japan to talk about the G20 but it was not possible (not) to come here in the heart of one of the regions most affected by the earthquake," Fillon said after meeting with French volunteers , working to rebuild the city. Fillon told to have followed the drama with more attention than any of his brothers, jazz pianist, is married to a Japanese musician. "Time passes, a fighter on the other, but by the suffering, the difficulties of reconstruction are always the same," lamented the Prime Minister, for whom "it is important to continue to provide support" in Japan bruised.

As the Green candidate Eva Joly was these days in Fukushima, about a hundred miles from Ishinomaki, Fillon said the French giant Areva nuclear wanted to participate in the treatment of nuclear waste from the Japanese central hilly.But waiting for a green light from Tokyo. "Each State is free to choose its energy mix, including through the use of nuclear energy, which has advantages in terms of security of supply, economic competitiveness and the fight against the emission of greenhouse gas emissions," Fillon said in an interview with Japanese newspaper Yomiuri Shibumi.

Prepare the G20 … and after 2012

The prime minister, who met Sunday the Prime Minister of Japan, Noda Yoshihiki to speak G20 and nuclear, has completed a mini-Asian tour Sunday to prepare for the G20, "according to Nicolas Sarkozy," according to Matignon payday loans for bad credit. He had also reassure Asian investors, worried by the consequences of the crisis of the euro on the global economy on the eve of the summit of the euro area.Francois Fillon, who had dinner Friday in Seoul (Korea) with its lean delegation (two ministers: Thierry Mariani and Edouard Courtial, a deputy, Eric Woerth) expressed their concern about the situation in the euro area. "He hopes that a solution will come out of the hat but he does not know why," says one of them.

Before the French in Tokyo, Prime Minister tried to be more optimistic, although he reiterated that Europe was going through "difficult times". "The European project that carries us for 60 years is threatened by the sovereign debt crisis (…) We have never had also require political will," he said in reference to Sarkozy's candidacy in 2012. "The euro protects us," he further argued, insisting that "the Europeans lift the mortgages against them" before the G20. "Otherwise, the summit will be cannibalized," said a member of the delegation.The prime minister took the opportunity to praise the reforms: "Our fiscal credibility remains one of the strongest in the world. This is the result of our reforms and our discipline, "he argued prowling the leitmotif of the pre-campaign:" All these measures respond to a single imperative: protect the French. "

Before the French in Tokyo, met in the luxurious residence of France, Fillon stressed one of his "record" three visits to Japan since 2007. "It's not over!" Launched an expatriate. "That's less about!" Joked Fillon, in an allusion to the period after 2012. Upon his return to Paris, the Prime Minister will be plunged back into political events, including Paris: the boss of the UMP, who wants to restore order in the federation after the failure of the Paris regional meeting of elected officials in Paris ."Cope plays firefighter arsonist to weaken Fillon (legislative candidates in 2012)," laments support the Prime Minister. The post-2012 has begun.

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Darty advantage of the web to gain ground

Darty seems to have found the parade. In France, the company has "re-recorded a performance superior to the commercial market," said the British parent company Kesa. In other words Darty has taken market share from its competitors. And thanks to strong growth in sales darty.com, which rose by 18%. "This growth is profitable," said Thierry Falque-Pierrotin, managing director of Kesa. The website, which became commercial in 1999, now accounts for 12% of the turnover of the group. Globally, sales of Darty fell 3.7% between early May and mid-August.

"The beginning of the year was difficult," says Thierry Falque-Pierrotin. Involved, the lack of major sporting event like the World Cup football last year which had boosted sales of televisions. "Conditions should remain still difficult for some time," added the CEO.According to GfK, sales of consumer electronic products fell 11.3% in the first half in Western Europe.

The distributor hopes to continue to succeed at the game perfecting his model. "We are professionals and will further improve in-store assisted sales and other services. We install, for example, listening zones in our stores to test the helmets, "says general manager. The company is also continuing successfully its growth in the kitchen. Market entry in 2007, Darty offers these products in 21 stores of 223 and plans to do the same in another 11 outlets by the end of the year. "As in our other segments, we want to offer good price and good service in the kitchen. This strategy has already allowed us to gain market share ", says Thierry Falque-Pierrotin.

Fifth session straight gain for Wall Street

After closing up Thursday evening, the U.S. stock markets have struggled to stay in the green Friday. They finished this week on a fifth consecutive session. At the close, the Dow gained 0.66% to 11,509,09 points, the Nasdaq is 0.58% to 2622.31 points and the S & P 500 climbed 0.57% to 1216.01 points.

Investors focused on news from Europe. After the announcement, positively received, a new agreement between central banks to provide dollar liquidity to European banks and Japanese eyes were riveted to Poland which is a meeting of EU finance ministers.The latter have formally agreed on the principle of strengthening fiscal discipline by imposing financial penalties on countries too lax, paving the way for formal adoption of this reform.

In contrast, the euro area and again stumbles on the guarantees requested by Finland in exchange for new loans in Athens, an issue that poisons relations within the euro area.Concerning the payment of a further tranche of loans that the country urgently needs, the euro area has decided to postpone any decision until October.

Invited exceptionally, U.S. Treasury Secretary Timothy Geithner has also expressed concern about the divisions between governments and the European Central Bank (ECB).

U.S. consumer confidence rises

In this context, the "four witches" today is to say the expiration of four types of futures contracts on indices and stocks, have increased volatility.

Good news, however, helped keep the exchanges in positive territory: U.S. consumer confidence rises, according to the index of consumer confidence in September, published by the University of Michigan.The index, which fell in August to its lowest level since November 2008, increased 2.1 points to 57.8, according to a still provisional estimate for September. Analysts were waiting a little lower, at 56.3.

Oil has closed lower Friday in New York, suffering from profit taking less reassured investors that the day before on the likelihood of a quick resolution of the debt crisis in Europe.A barrel of "light sweet crude" for October delivery ended down $ 1.44 on the New York Mercantile Exchange, to 87.96 dollars a barrel.

RIM collapses

On the corporate side, Research in Motion (- 18.99% to 23.93 dollars), the maker of BlackBerry smartphones, collapsed after publishing quarterly results fell sharply, well below analysts' forecasts.

The rating agency Moody's said Thursday it placed under surveillance notes of the bank UBS (+ 4.16% to 11.89 dollars) with for a potential degradation due to "weaknesses in the management of risk group. "

At the heart of the news, Google (+ 0.76% to 546.68 dollars) has purchased additional patents in 1023 the computer company IBM (1.55% to 172.72 dollars) to strengthen its portfolio and attempt to discourage trial for violation of intellectual property.Google expects the other hand that the number of Internet users in India to be tripled in three years through improved access to wireless internet and at prices more affordable smartphone, reported on Friday Wall Street Journal.

Boeing (1.49% to 65.28 dollars) could finally respond to the order by Air France-KLM of 110 long-haul aircraft, including 50 firm orders, builders Boeing and European Airbus to ensure the renewal of its fleet.

Despite sluggish growth, employment improves

It's the only bright spot in the dark landscape cyclical French: the labor market continued to regain strength. In the second quarter, 68,300 jobs were created in the nonprofit sector. This is 10,000 more than in the first quarter.

The tertiary sector contributes almost exclusively to these creations (57,200 jobs), the industry confirms his recovery: 6600 jobs were created in this sector, according to Insee. This is his second consecutive quarter of growth. "This sector lost jobs every quarter since 2001," says INSEE.

Only government minister to be able to celebrate yesterday, Xavier Bertrand (Labour, Employment, Health) welcomed that "210,600 jobs a year (have) been created." He sees "a positive signal about the vitality of the real economy." This movement is all the more surprising that growth has been sluggish in recent months.

"You have to look at the figure of 0% over the period issued yesterday: considering the annual growth and relating to the last four quarters, we see that the quarterly growth rate is invariably French 0.4%, says Frédéric Gonand, associate professor of economics at Paris Dauphine. This shows that even with 1.6% annual rate, which corresponds to its potential growth, France is creating jobs. "

According to Dares, the index of the basic monthly wage (SMB) increased by 0.6% in the second quarter, representing an increase of 2.1% over one year. This significant increase of basic wages does not mean a sharp increase in the purchasing power of households. In the second quarter, prices rose 0.5% year on year and they operate around 2%.The purchasing power has improved very little, which explains the weakness of consumption in recent months.

Disinflation energy

But-and this is another rare good news in the farm figures released yesterday, according to Insee, the consumer prices fell by 0.4% in July. A decline mainly due balances but also by the expansion of energy prices. Under these conditions, if the job market continues to grow at the same pace as earlier this year, the disposable income of households could improve a little.

"Disinflation energy currently underway should provide some support the purchasing power of households," say economists at Natixis.The main pillar of the French economy will be a little stronger in the second half, provided that the fiscal savings provided by the government do not result in a tax grab too much, the experts continue to Natixis.

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The Paris Bourse expected a slight increase

European stock exchanges succeed they continue their rebound started the day before? Investors should prove once again nervous at the end of a week marked by extreme market volatility, which saw the CAC 40 push the psychological threshold of 3000 points during trading Thursday before returning to the colors.

Friday morning, the Paris index is expected a slight increase of 0.4%. Thursday, ACC closed up 2.59% to 3089.66 points, after falling in mid-session. The day before, the Paris index plunged more than 5%. The same volatility dominates in Frankfurt the Dax closed up 3.28% and in London where the FTSE-100 index gained 3.11%.

Investors were reassured by the announcement of a meeting between Nicolas Sarkozy and German Chancellor Angela Merkel on August 16 to issue joint proposals on the governance of the euro area.In addition, U.S. markets were supported by two good indicators of the jobless and real estate. Wall Street has ended sharply higher: the Dow Jones has gained 4% and the Nasdaq 4.69%.

Another announcement that should bring some calm markets: such as Belgium, Spain and Italy, France announced Thursday the ban on short selling in the securities of eleven banks and insurance companies to counter the extreme volatility of the stock market values. Among the relevant securities, BNP Paribas, which issued a statement Thursday night to reaffirm the strength of its capital, Societe Generale and Credit Agricole online payday loans.

No growth in the second quarter

On the macroeconomic front, INSEE reported this morning from zero growth in the second quarter in France (0.0%), against an increase of 0.9% in the first quarter.Inflation also slowed: the consumer prices fell by 0.4% in July, resulting in an increase of 1.9% over the year (against 2.1% from June 2010 to June 2011 ).

Oil is, meanwhile, resumed its decline in trade in Asia, having recovered Thursday in the United States. In morning trading, a barrel of "light sweet crude" lost 47 cents to 85.25 dollars and that of Brent North Sea fell by 57 cents to 107.45 dollars.

Other values ​​to follow, Europacorp, the production company of Luc Besson, Thursday reaffirmed its goal of a return to balance for the current year, despite a sharp decline in sales the first quarter.

Derichebourg Thursday confirmed its target of improving its annual net income, after recording a sharp increase in sales over the first nine months of the year.

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The United States lost their "AAA" rating

The penalty was expected but it still sounds like a shock. In the night from Friday to Saturday, the rating agency Standard and Poor's (S & P) has dared to lower the rating for government debt of the United States, and deprived of their "AAA" for the first time in history . S & P said in a statement it had degraded to the next level this note, the best possible, to bring it to 'AA +'. It also lowered its outlook to "negative", which means that Standard and Poor's believes that the next time the note will change, it will be to be devalued again. The United States were rated "AAA" by S & P since the creation of this agency in 1941.They remain in the other two major agencies, Moody's Dean (since 1917) and Fitch Ratings.

Standard and Poor's, which had warned in April that it was considering lowering, justified its decision with "political risks" to see the country taking insufficient measures against its budget deficit. For her, the political debate on these issues is not up to the problems caused by a debt of more than 14,500 billion. "The plan for balancing the budget on which Congress and the Executive have recently agreed is insufficient compared to what, in our view, would be needed to stabilize the dynamics in the medium term public debt" said S & P, citing the law known as "control the budget" passed Tuesday.

S & P is the second rating agency to downgrade the American note, after the Chinese – less powerful – Dagong.Other – mostly American and French Moody's Fitch – are currently at Triple A.

The U.S. public debt to more than 100% of GDP

The first power of the world is, well, so sure before. The United States and joined Japan, Spain and Ireland have lost that status envied payday loan lenders. The loss of this seal of excellence is expected brutal impact on the financial markets, difficult to imagine right now. But while the financial world is upside down, the risk that markets continue to dive is high. The announcement of S & P comes in effect when the markets were closed for the weekend, closing on both sides of the Atlantic one week black.

China, by far the world's largest creditor United States, found that she had "every right now to require the United States to address their structural problems of debt."Second World holder of U.S. debt, Tokyo assured him that his confidence in the U.S. Treasury and its strategy of purchasing these bonds were unchanged. In France, the Minister of Economy Baroin reiterated his "total confidence in the strength of the U.S. economy."

Two days ago, the U.S. debt has passed a symbolic milestone. Because it exceeded the threshold of 100% of GDP, just after raising the debt ceiling by Congress. The United States saw their public finances sealed by the harsh recession that crossed their economy from late 2007 to mid-2009. Since then, economic growth has returned, but they are not able to restore the health of their public finances. According to estimates by the International Monetary Fund, they should acknowledge this year, with about 9% of GDP, the highest budget deficit of the G20 countries, except Japan.It is sixteen countries rated "AAA" by Standard and Poor's, four of the G7: Germany, Canada, France and Great Britain.

(With AFP and Reuters)

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The CAC 40 expected sharply higher

Relief. Is the word that should prevail today on all global exchanges, after U.S. lawmakers passed this night finally put to agree on raising the debt ceiling. At 8:15, future contracts on the CAC 40 advanced sharply from 1.39% to 3724.50 points.

Last week, the inability of the United States to solve the problem of public finances had weighed on investor sentiment. In Paris the CAC 40 was indeed touched its lowest level in session year (3,630.75 points), while Wall Street finished its worst week in a year, despite the intervention of Obama Friday in an attempt to reassure debt.

After the relief 10 days ago on Greek sovereign debt, the calm would return to the Paris financial center.After weeks of negotiations, elected Democrats and Republicans have indeed finally found common ground on the amount of new ceiling, avoiding the world's largest economy is in default of payment in the coming days. According to preliminary information provided by the White House, the debt ceiling would be raised to 2.1 trillion dollars, which breathe new life in the United States on the forehead of the debt until 2013, after the presidential elections. This agreement in principle will also enable the countries to continue to borrow on the markets beyond the August 2 deadline set by the Treasury.

The reaction of rating agencies expected

On the other hand, no excessive optimism are to be expected in the financial markets today, at least until the U.S. Congress has not ratified the agreement. The first submission is expected to vote that day.Furthermore, few details have yet filtered on measures taken to reduce the deficit in the U.S., which does not exclude the possibility of deterioration in the rating of the sovereign debt of the United States.

For now, the first tranche of spending cuts of $ 1 trillion is expected. Then a bipartisan special committee of Congress will then be responsible for finding the end of November additional expenditure cuts amounting to 1.5 trillion dollars. A total of 2.5 trillion dollars in budget cuts, all over 10 years. From this point of view, the reaction of rating agencies in this agreement called the "medium term" should be widely followed by the markets.

On the currency front, the dollar has benefited only modestly from the announcement of the night, illustrating the temporary nature of such an agreement.Around 6:00, the euro slipped against the dollar at 1.4385 dollars against 1.4395 on Friday, but climbed against the yen at 111.67 yen against 110.41 Friday. For its part, the dollar set off again up significantly against the yen at 77.63 yen after briefly reached 78 yen, 76.73 yen against Friday night.

In terms of oil prices were up Monday morning in electronic trading in Asia, where the market relieved by this agreement in extremis. In morning trading, a barrel of "light sweet crude" for September delivery gained 1.53 dollars to 97.23 dollars. That of Brent North Sea crude for September delivery was appreciating $ 1.25 dollar to 117.99.

Macroeconomic side, investors should look carefully at the unemployment figures for the month of JuneOverseas are also expected to 4:00 p.m. construction spending for the month of June, the ISM manufacturing index for July.

As for values ​​to follow

Last week, the many semi-annual publications were rather disappointing, adding to the nervousness of investors. The pace slows publications this week, though are expected in the next three days the details of the interim bank values ​​(Tuesday BNP Paribas, Societe Generale on Wednesday and Thursday Axa and Natixis).

Eiffage reported a slight slowdown in growth in the second quarter despite a sharp rebound from its construction activities, the division of public works who registered a decrease over the period.

Outremer Telecom.A draft tender offer simplified to the telecom operator was introduced by OMT Invest, a structure controlled by Axa Private Equity, according to a notice to the Financial Markets Authority (AMF) and released Friday.

EDF Energies Nouvelles (EDF ENR) has entered into exclusive negotiations with Capital Perceva to cede control of Supra, the fund feeds the project to file a simplified takeover bid at the end of the process.

General Health issued a sharp drop in operating profit in the first half due to exceptional items, but its revenue rose due to higher acute care stays.

Recylex published Friday sales for the second quarter increased significantly, from 32% to 125.34 million euros, supported by an increase of 48% of its business in recycling lead thanks to rising 16 % of lead prices and increased sales volumes.

Air Liquide. The gas giant reported Monday a 11% increase in net profit in the first half, to 750 million euros.It maintained its forecast a "steady increase" in net profit for the year.

Note that Gameloft will publish its interim results after market close, while Le Noble Age unveil at the same time state sales for the same period. The British bank HSBC, which is listed in Paris, finally published its results for the first six months of the year.

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