Today Hot News

Following an article in financial daily Les Echos, published on Monday, announcing the forthcoming elimination of certain routes deficit (axes Paris-Arras, Lille, Strasbourg, Nantes and Strasbourg), the Secretary of State for Transport, Dominique Bussereau said on RTL on Tuesday, ensuring that no TGV line would be removed. "The SNCF is a public company, it belongs to all French", said Dominique Bussereau. The state is 100% majority, and naturally she has goals of profitability, competition. Still it has a public service missions, missions planning.

A spokesman for the SNCF had indicated on Monday: "There is no specific plan for the removal of sailings," but a "matching supply with demand." A communication that does not convince Dominique Bussereau."I found the denial of the station a little soft, so I say things clearly," said Secretary of State.

No conflict with William P?py

Dominique Bussereau has refuted the idea that the future increase in tolls, to finance the renovation of the rail network and that the SNCF, could jeopardize the TGV model. "I said that if the state increases in tolls is that the first line paid by taxpayers are also used by foreign trains," he said. "It is that everyone pays, and that the French taxpayer does not subsidize one day railways German or Italian.

Secretary of State for Transport has also denied being in conflict with the president of SNCF Guillaume Pepy, hostile to the higher tolls. "Guillaume Pepy is an excellent president of SNCF, he said.Just when we increase the tolls, two-thirds to leave the station since RFF (Reseau Ferre de France) gives money to the station for which manages and maintains the infrastructure. It's give and take. "

To review the year ended and provide an outlook of the beginning. It is this traditional exercise – and a little tedious – that was delivered Friday the Minister of Economy Christine Lagarde, surrounded by his secretaries of State, on the occasion of greeting to the press.

The First Minister has taken the form of the president that "the crisis is not a parenthesis" developments which France needs.And said to have taken four resolutions for 2010 around four "r": the "recovery" to accelerate and bring in jobs, the "reforms" to continue the "financial regulation" to expand and the "restoration of public finances" implement to reduce the deficit below 3% in 2013.

Christine Lagarde took the opportunity to recall the devices it intends to implement in the next two months – ahead of regional elections traditionally put a brake on projects.

It particularly stressed the measures to be presented January 20 in Council of Ministers. First the national debt, which will be a supplementary budget, and would fulfill the government's ambition to intensify research efforts to "increase our sustainable growth rate" and the competitiveness of France .On the other hand, the reform of the French system of financial supervision and the creation of the new supervisory authority of banks and insurance companies, via an order. "We want to create a true watchtower without blind spot, able to monitor risks across the financial sector," said Christine Lagarde insisted.

The boss of Renault at the Elysee

The side agreed to the performance of Friday was a bit shaken by the news about the Renault group. Invited to speak on the subject, the Minister of Industry, Christian Estrosi, said that the choice of Renault on the possible production of the Clio IV in Turkey, would be made Saturday "at the Elysee, where Nicolas Sarkozy will receive the President's automotive group, Carlos Ghosn.

Christian Estrosi went so far as to say aloud what usually expressed in more muted terms: whatever the weight of the state capital – "we have 15% stake that we have 20% – or the number of directors around the table (there are now two out of eighteen) is the Elysee will determine the strategic choices and industrial enterprise. Despite the shade provided by Christine Lagarde – which was considered "legitimate" than the French state was "consulted and give its opinion" and that "then the appropriate body to take its decision." The board will assess …

After closure of Wall Street without trend Monday, European stock markets are heading into the red Tuesday. In Paris the CAC 40 yielded 1.06% at 4000.05 points, in London, the FTSE-100 lost 0.71% to 5498.71 points and in Frankfurt the Dax concedes 1.61% to 5943 points.

The Central Bank of China has announced two measures to try to curb the overheating of the economy: raising the reserve requirement ratio for banks and rising interest rates on treasury bills to one year.

On Tuesday, the Bank of France issued at 8:30 its monthly business survey for the month of December: the gross domestic product (GDP) of France is expected to grow 0.5% in the fourth quarter of 2009.For the full year 2009, the government expects a drop in GDP of 2.25%.

Fifteen minutes later, the Budget Ministry said the budget deficit of the French state has widened to a record 143.3 billion euros on 30 November, against 66.6 billion a year earlier, and is expected throughout 2009 slightly below 140 billion.

Yesterday after the close of U.S. markets, the g aught aluminum Alcoa has announced a return to the red in the fourth quarter with a net loss of $ 277 million, widening its losses to $ 1.151 billion in 2009.In the series of American publications yesterday, Electronic Arts announced that it raised its forecast for losses in 2009-2010.

In an interview with Le Figaro, Christine Lagarde, economy minister, justified the measure "exceptional" tax on the bonus, resulting in a bill for the banks of around 360 million euros.

Across the Atlantic trade for November will be highlighted at 14h30.

As for currencies, the euro begun to rise again against the dollar Tuesday after the rebound of the single European currency yesterday. The euro gained 0.09% to 1.4526 dollar. The oil in turn is sharply down.The barrel of Brent North Sea crude for February delivery lost 1.70% to 70.67 dollars per barrel "Texas Light Crude (WTI) traded on the New York Mercantile Exchange for the same maturity, nibbles 1 53% at 81.61 dollars.

Penalized by EADS subsidiary Airbus

The deputy CEO of Airbus (EADS subsidiary, -2.62% to 14.10 euros), Fabrice Br?guier said that "the goal is to double Airbus A380 deliveries in 2010 in Echos in an interview published Tuesday. The direction of this group today in Seville's balance of trade in 2009 and its 2010 outlook. Louis Welsh, CEO of EADS said that the difficulties will persist into 2010. The European aircraft manufacturer announced on Tuesday a record number of deliveries for 2009, with 498 aircraft, against 481 for its rival Boeing. He has delivered 15 aircraft more than in 2008. However, the difficulties of the Airbus A400M and undermine the results of EADS.This ad revenues down 4% in 2009 to 41.7 billion euros against 43.3 billion euros in 2008.

Alstom close among the largest declines the CAC 40 (-3.02%). S ociety General went to "sell" cons "hold" on the manufacturer of infrastructure for the energy and transport, with a target price unchanged at 47 euros.

Air France-KLM (-2.39% to 12.06 euros) is monitoring the stock market while the CEC must explain to Dominique Bussereau, Secretary of State for Transport on the hole of 20 million euros in its accounts.

Side Renault (-2.17% to 38.36 euros), the State has assured shareholders it does not stand "idly" on a possible relocation of the production of future Clio in Turkey manufacturer Renault.

Total (-1.32% to 45.65 euros) is ready to close its refinery in Flanders, according to information from Figaro.

Accor is sanctioned (-2.21% to 36.76 euros). The group was assured that despite the announced devaluation of 50% of the Venezuelan bolivar, the performance targets were maintained between 400 and 450 million euros for 2009.

Ubisoft has one of the largest declines: -5.35% to 10.27 euros.The group is affected by the downward revision of annual estimates of its competitor Electronics Arts and negative comments from analyst firms.

The defensive form

In this gloomy meeting, the CAC 40 is only supported by defensive stocks: Pernod Ricard (+1.33% at 59.28 euros, boosted by a favorable recommendation from Credit Suisse), Danone (+0.61% at 42 84 euros) and France Telecom (+0.32% to 17.35 euros), only CAC 40 values which enclose up this Tuesday.

CAC Hors, Ipsen has one of the largest increases of the SBF 120 (1.22%). The latter is driven by an increase in Chevreux recommendation of 48 euros to 53.50 euros.

CAC Hors, Wendel appears in decline (-4.10% to 43.58 euros after a sharp rise in mid-session (+2.07%)).The group said today supporting the launch of the IPO of helikos, a company whose sole purpose is to invest in Germany in an unlisted company.

In the news Tuesday, the station will create a joint venture with U.S. giant IBM computer, which will cover the services of the French railway company, said Tuesday's Tribune, which amounted to 1.7 billion 'euro amount of the contract.

CAFOM announced having doubled its net profit in the first half.

On Tuesday, the turnover of Toupargel Jacquet Metals and Xiring will follow.

Leaders from General Motors, they would play with the nerves of Saab? After the declaration of the president of General Motors, Ed Whitacre, the U.S. carmaker has decided to continue studying the offers he has received. The evaluation of tenders currently has "no impact on the appointment of AlixPartners, selected to" supervise the gradual closure of Saab ", an appointment must still be validated by the Swedish authorities said General Motors in a statement. The Swedish automaker Saab in trouble Friday was placed in receivership, said the main union for Swedish industry, IF Metall.

A new stage in the process of dismantling Saab has been crossed."It's irresponsible on the part of General Motors of shooting in two different directions, that of a sale and dismantling of a" denounces L?fven Stefan, president of IF Metall, which is a representative member of Board of Directors of Saab. He added: "It is incomprehensible and irresponsible to do this (settlement) without being able to analyze the serious offers that actually exist for Saab. The decision of General Motors is not at all consistent with the messages we have had recently that the company really trying to seriously sell Saab and it was seriously considering the offers it receives.

Spyker and Bernie Ecclestone are in play

Even the bell side Bertrand Rakoto analyst RL Polk. "I am very skeptical about the motivation of executives from General Motors.Although the desire to close Saab has not been openly questioned, the GM executives have repeatedly rejected the dead-line. If they really wanted to close Saab, Spyker they have turned down more quickly. " General Motors has been seeking a year to give Saab a deficit for almost 20 years, as part of its reorganization plan. That did not stop him, after deciding to close Saab, December 18 last, to study the different offers. And to continue the study despite the liquidation court.

Saab less than Volvo?

Several groups, including the Dutch Spyker Genii and funds associated with the treasurer of F1 supremo Bernie Ecclestone has expressed interest in a takeover last minute Swedish Saab. "The strategy of Spyker is clearer than Bernie Ecclestone. Generally, manufacturers have visions longer term.Investment funds have only one idea in mind: profitability. According to most experts, the sale of Saab could bring $ 1.8 billion to General Motors, slightly less than the price of the sale of Volvo (2 billion U.S. dollars). So why the U.S. automaker did he take the suspense so long? Leaders from General Motors may have wanted to "play the show" and try to make a "coup" financially to the perseverance of Spyker. "Leaders from General Motors certainly want to prove before closing Saab, they did everything to find an alternative solution. General Motors wants to heal its image. "

A return announced by early next year by the president of General Motors, which follows the will of the American state to allow General Motors to stand on its own.For this, the automaker decided to get rid of a company "that has never made any money. The closure of Saab is proof that General Motors is not able to handle this kind of brand, "said one expert. To be continued.

With the boom of smart phones, networks running at full speed for surfing the Web, connect to social networks, send email, video, SMS … As the family expands again with the arrival of "Nexus One" by Google the networks they might saturation? For with the arrival of these phones and multifunction keys 3G networks face increasing traffic without precedent: it will double from one year to another, according to Frederic Pujol cabinet Idate. At Vodafone, he has been multiplied by four!

Several operators have paid the price, such O2 in Britain, which recognized that the iPhone had saturated its London network in recent months, preventing him from making and receiving calls.AT & T, the United States, has experienced the same situation, which led its director of information services that the iPhone was his worst nightmare!

French mobile operators, trained by the British example, take this seriously. But no doom, all three believe that the situation of French networks, which they invest each year is immune to failure.

Heavy investment

"This is a subject on which we are very vigilant but without real concern, says Jean-Marc Tassetto, general manager marketing and public SFR. On the one hand, we invest each year in our network for sizing, or even 1.4 billion euros this year. Secondly, we propose solutions to our customers to address the increase in traffic. "SFR, which has two million SFR-Neuf box connected via Wi-Fi, opened the Wi-Fi to its mobile subscribers.Secondly, SFR is the "femtocell," these small antennae on the DSL box, which should also help alleviate traffic in mobile networks. Finally, Vodafone has introduced a policy of "good practices" to exclude a few users who clog the network with abuses.

Besides the use of iPhone users stabilizes. "The first customers were using 500 to 600 Megabits per month, today the average is 300 megabits. That makes sense: once you've discovered the applications from the App Store, you return to a more reasonable consumer, "says Jean-Marc Tassetto.

Even finding in Orange and Bouygues Telecom. "Bouygues Telecom has no risk of saturation. We have two times less customers than our competitors and yet a similar network architecture.In the current state of the network Bouygues Telecom can triple its capacity because we did not use any bandwidth. The increase of traffic justifies a posteriori all the investments we have made in our 3G network, "says Emmanuel Forest, deputy CEO at Bouygues Telecom. Know sizing the network to customer needs is just the heart of the business telecom operator. "Anticipating the saturation is what we do since our inception in 1996. Each year we add radio cards needed in the network. The phenomenon is expected, and anticipated no difficulties, neither technical nor financial, "he concludes.

The Cac 40 opens this Thursday, for the last time in 2009, an increase of 0.38% to 3950.67 points. While many observers predicted another year of declining market share in Europe, the old continent is not doing too badly. With increases hovering around 20%, German and English indexes have achieved performance close to what the CAC 40 should finally be realized in 2009 at the end of this session shortened. For now, the French index has gained 22.3% since 1 January.

The activity should be reduced, particularly since no statistics are expected today.After closing at 14.30 it will still leave the United States, weekly statistics on employment.

Values follow

The values related to raw materials should be encouraged by new record annual zinc, aluminum and copper in Shanghai.

Geci International has conducted a capital increase reserved to two investors for $ 7.6 million.