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Tereos (Beghin-Say, The Parrot), second European sugar, wants to empower his ambition of becoming a major player in ethanol, a very strong market growth worldwide.

The cooperative group, obtained in 2002 from the merger of Beghin-Say and Union SDA, announced Monday the creation of a new subsidiary, Tereos Internacional, which will consolidate its processing of cereals and sugar cane, including participation in Guarani (69%), its Brazilian subsidiary. Tereos Internacional is a Brazilian company, but she expects to be listed in Paris and Sao Paulo and raise money on both platforms. In Paris, he was one of the few operations IPO since the start of the financial crisis. "This dual listing aims to strengthen the international anchors the group" welcomes Philippe Duval, CEO of Tereos.Part of the operation will be reserved for its 12000associ?s cooperators. Tereos, advised by Rothschild and the firm Linklaters, will remain the majority shareholder. The parent retains its status Tereos cooperative is refocusing on its roots, beet processing in Europe (France, Czech Republic, Spain).One area in which the maneuvers have already taken place.

"Scaling"

The creation of a subsidiary consolidate its transformation is the result of a diversification strategy initiated fifteen years ago both in its products (starch, alcohol, ethanol, energy) as its geographical coverage (Europe, Brazil , Indian Ocean) cheap payday advance.

Tereos Internacional, which counts among its clients manufacturers like Coca-Cola, Kraft Foods and Unilever, will become a "world leader" of bioenergy and food with an annual turnover of 1.86 billion initial d ' euros. In the crosshairs of the group, emerging markets, where the potential for long-term growth markets of sugar, starch and ethanol, has something to dream about.After more than doubled since 2003, global consumption of ethanol, led by Brazil and the United States, is expected to double again by 2015.

In Brazil, the largest producer of sugar, Tereos inherited two plants Guarani upon redemption of Beghin-Say. Since then, four plants were built, making the fourth Guarani sugar in the country and number five in the production of ethanol. "We see a huge change of scale in this country," notes Philippe Duval. There, more and more cars run on ethanol. Groups such as Dreyfus and Shell, combined with Brazilian producer Cosan biofuels, broke into the country, encouraging Tereos to accelerate its development and to participate in industry consolidation.Elsewhere, particularly in Asia, the consumption of starch, which should increase by 50% by 2015.

Engaged in an active policy of acquisitions, the latest being that of sugar in the French Quarter Meeting, Tereos cautiously advance his pawns. In less than ten years, its turnover has doubled. And the president has not hidden at the beginning want to double in size within five years.

Toyota pays dearly for its quality problems in Europe, where it has recalled more than 1.7 million vehicles, nearly 9 million worldwide. Its sales fell 21% in Europe in February, while the market grew by 3.2%. In two months, the decline amounted to 8.1%.

Consequently, the Japanese manufacturer, also a victim of the premium end of the breaks, slowing production on the Old Continent. The Onnaing plant in northern France, which produces the Yaris will undergo fourteen days of partial unemployment by 1 July, a union source. His pace, already reduced to 837 cars per day in February, dropping to 651 vehicles May 10After splitting from over 300 temps in February, the plant will not renew the contracts of the 340 remaining, the source said.

Eight days of production shutdown is also scheduled by mid-April in Britain, according to the Japanese agency Kyodo. Production will be suspended again in August and 750 jobs should be deleted.

To reassure customers

Aware that the crisis of technical faults has tarnished the image of his group, Akio Toyoda, Toyota's CEO, tried this week to reassure employees and customers during an impromptu visit to EU headquarters in Brussels. Having acknowledged that the group had wanted to grow up too quickly at the expense of quality, Akio Toyoda has formalized the establishment of a World Committee on this subject. The goal is to go faster technical problems payday loan no faxing .This committee will be chaired by the CEO and will have five members. Didier Leroy, previously director of sales and marketing in Europe, has been appointed quality manager for this area.

"We must reassure our existing customers on the fact that there were no accidents in Europe, and that repairs are progressing," says Didier Leroy. Approximately 750 000 vehicles were repaired in Europe on more than 1.6 million recalled because of faulty accelerator and nearly 53 000 Prius hybrid with a brake problem.

For now, a survey conducted in late February in the United States, shows that Japanese customers remain loyal to the brand. Only 6.5% of them said they no longer buy Toyota because of technical faults.But "convince other drivers to choose a Toyota is more complicated in the coming months, acknowledged recently Didier Leroy.

Meanwhile, the pressure intensifies court against the group in the United States. The San Diego court must determine whether complaints of Toyota customers can not be grouped into one, rather than separately. Toyota is the subject of 138 complaints in partnership with the United States for vehicle depreciation and 97 complaints relating to death or injury in accidents.

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2010 may not advertise more gratifying that the 2009 pay plan. According to a study released Thursday by the auditing firm Grant Thornton, * 30% of French business leaders are planning not to increase any of their employees this year. France may yet consider themselves privileged compared to other countries like the United States, Ireland or the United States, where the change is even more radical one year to another: 40 % of U.S. companies do not want to increase their employees in 2010, against 15% in 2009!

While employees are still more than last year, pending revaluation salary, "2010 should be even tighter than in 2009" predicted Pierre Le Gun?hec, business manager, global compensation consulting at Hewitt France. "In 2009, companies are aware of the seriousness of the crisis once and within budget.In 2010, they will reflect "said he.

Increases of 2.6% on average

Caution should therefore be in order. The latest forecast made by Hewitt anticipated increases equivalent to 2.6% on average, against 2.9% last year. "The current economic fragility leaders to take caution," said Jean-Jacques Pichon, partner at Grant Thornton. "It seems that leaders prefer to remain vigilant and keep their employees, even without the increase, rather than dismissing them," analysis does.

Employees do not understand, however, none of it."The challenge for companies is to overcome the high voltage generated by conflicting interests," said Pierre Le Gun?hec.

* A study conducted among a panel of 7,400 private companies across 36 countries, representing 81% of global GDP.

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EU leaders, meeting Thursday and Friday in Brussels, bend at the head of Greece and the world is watching. Sign of the attention paid to the euro area this week, the U.S. central bank, the rating agency Fitch and the central bank were all in their own way, trying to put pressure on European capitals.

Most recently, the deputy governor of the central bank of China, Zhu Min, criticized hollow inaction of EU leaders in the Greek case. "I do not think that Greece will go to bankruptcy because it is relatively small," he said in Hong Kong Thursday morning. "But we see no decisive action that would send a signal to the market saying:" We can solve this crisis, we can stop it. " The market remains very volatile. "

And prevent the problem is not confined to Greece."Greece is a case, but this is only the tip of the iceberg," he said. "The main concern today is obviously Spain and Italy." One way to remind Heads of State and Government meeting at the European Council that it is time to extinguish the fire fast cash without a hassle . The rating agency Fitch has in turn worsened the note of Portugal on Wednesday, highlighting the structural weakness of the country.

The fear of a "great shock"

The United States also expressed concern earlier this week when European inaction. For the first time a director of the Fed, the U.S. central bank, has publicly worried about a contagion of the crisis in the Greek American economy.He said such fear at worst "a big shock in financial markets" could occur "as a general movement of withdrawal [investors] the debt market states. A particularly alarming prospect as the United States have more need than ever to issue debt.

"These statements sound like a call for decision making at European level" analysis Natacha Valla, chief economist at Goldman Sachs. Ultimately, "this crisis, caused by a small country like Greece, is amplified by a bad reason: the failure of European authorities to take a decision."

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A two-day European Council in Brussels, where investors await progress on measures of support provided to Greece, Paris markets should continue to remain cautious. At the opening, the CAC 40 Opens at equilibrium at 3927 points. On Monday, the Paris flagship index had already stabilized at 3928 points.

For now, the atmosphere seems to be tight in the countries of the European Union. The President of the European Commission, Jose Manuel Barroso had to bang his fist on the table to encourage the different European countries to agree on the mechanism adopted to help Greece.

As for values, the pharmaceutical industry will again follow after that, according to information from Figaro, Novartis has accepted the decision of the Ministry of Health to withdraw 50 million doses.Sanofi-Aventis fell by 0.71% to 55.93 euros

Seloger.com (+7.14% to EUR 27), who announced he would propose to pay for the first time a dividend of 0.33 euro per share, in the resume in 2010 with a double-digit growth of its business and profitability of payday loan lenders . Its turnover was up 1.9% in 2009 to 73 million euros and net income rose 3.9% to 17.7 million.

Audika (+1.18% at 26.51 euros), a specialist in hearing aids, plans to continue its growth in 2010 based on the dynamics of the second half of 2009, after a year of contrasts in terms of activity.

EADS (-0.40% to 14.94 euros): The North American subsidiary confirmed Monday the application for a postponement of 90 days from the deadline of May 10 to tender the contract had Replenishment of the Air Force.

Iliad (+2.56% at 76.49 euros) displays a turnover for 2009 of 1.954 billion euros, up by 24.9% including its subsidiary, Alice, and 1.619 billion euros up 3.5% excluding the supplier of broadband access. In addition, net income rose 75% in 2009 to 175,9 million euros.

The annual results of Havas and Meetic, after-hours trading, are expected on Tuesday.

After starting the week very uncertain, Friday's meeting marks a consolidation of most Asian stock markets in a very active market with the approach of the end of Japanese fiscal year March 31.

With the exception of the Stock Exchange of Hong Kong who abandons 0.20% to 21,288 points, all major Asian markets closed the session up: Tokyo, whose flagship index, the Nikkei 225 is pressed over of 10,800 points, closing at 0.69% at 10,811 points.

From the other side areas, fire is almost green at the end: Singapore rose 0.34% to 2923 points, Bombay climbed 0.21% to 17,555 points, Sydney advance of 0.19% to 4872 points, Seoul ended up 0.59% to 3540 points and Taiwan concluded a small increase from 0.04% to 7 cheapest personal loan rates . 889 points.

U.S. indicators released Thursday had to reassure Asian markets. Only Hong Kong so this ends up on a bad note in a difficult situation between China and the United States.Chinese leaders have asked their American counterparts not to "politicize" the issue of the exchange rate of the yuan, on pain of "complicating" the situation.

Crude prices were down Friday in electronic trading in Asia, reflecting the stronger U.S. dollar, dealers said.

In morning trading, a barrel of light sweet crude for April delivery yielded 29 cents to 81.91 dollars while the barrel of Brent North Sea for May delivery dropped 26 cents to 81.22 dollars.

Amazon pioneered the digital Kindle book does not miss the train of Internet Tablets. A month before the release of the Apple iPad, Amazon announced that his books are readable on the iPad. This announcement is surprising as the competition between the two companies is severe.

Also surprising is it, this opening is in the meanings of the Amazon listings for the past six months. In fact, Amazon had already opened its application for reading books in digital mobile phones iPhone and iPod Touch by the firm at the apple.Specifically, a user who has purchased a digital book on Kindle bookshop (which bears the same name as the drive itself) will have the opportunity to read or to continue reading on the iPad tablet.

"For consumers around the world who do not (the tablet reading) Kindle (application) for Mac Kindle is a great way to immediately access and read new books most popular and classical favorites "said the director of Amazon Kindle, Jay Navy, in a statement.

This announcement confirms that buyers of the new multimedia tool iPad perceived as a threat to traditional tablets reads like the Kindle will have the choice of several systems to read books.

"Amazon has done excellent pioneering work of this feature with the Kindle, we will build on its achievements," said Steeve Jobs in presenting the iPad late January.

Markets dissect ads Fed on Tuesday. The latter said that economic conditions continue to ensure the maintenance of interest rates to extremely low "for a long time." The Fed maintains its policy rate in the range from 0 to 0.25%. The institution also believes that "the job market is now stabilizing.

Investors reacted without enthusiasm to these ads. Around 19h25, the Dow Jones climbed 0.32% to 10,676 points while the Nasdaq is 0.57% at 2376 points. The S & P 500 gained 0.61% to 1157 points.

In addition, import prices in the United States declined slightly more than expected in February by 0.3% from the previous month after rising 1.3% in January, according to the Labor Department.Analysts expected a decline somewhat less pronounced, 0.2%.

Housing starts and housing issuing of building permits in the United States also fell in February by 5.9% from the previous month, falling to 575,000 units annually. But with very bad weather that hit much of the country, analysts expected a sharper drop, to 570,000.

Good news in Europe

Reassuring news came from the rating agency Standard and Poor's.This continued Tuesday in the long term rating of BBB + from Greece and announced not to consider a decrease in the short term, but accompanied the confirmation of a negative outlook.

Moreover, in Brussels, the Finance Ministers of the European Union have "supported the evaluation by the European Commission to the budgetary situation of Greece", says European Commissioner for Economic Affairs, Olli Rehn.

The news has boosted European markets … and the euro. The European currency climbed from 0.64% to 1.3760 dollar.

The bank in the viewfinder

In all cases, caution is needed, particularly for the banking sector the most significant announcements of monetary policy committee of the Federal Reserve easy payday loans .Especially as yesterday, Democratic Senator Chris Dodd has introduced a text aimed at reforming American finance which seeks consensus. But he does not yet collect no Republican support. JP Morgan Chase (-0.20%), Goldman Sachs (0.66%) or Bank of America (0.71%) react in an uncoordinated manner.

On the side of values, PepsiCo (-0.14% to 66.06 dollars) announced after the close of Wall Street yesterday, up 7% of its dividend and authorized a new share repurchase 15 billion dollars before June 2013. This new program replaces the $ 6.4 billion, which expires next June.

Similarly, Limited Brands (Victoria's Secret, Abercrombie & Fich …) has announced a special dividend of $ 1 and approved a share repurchase of 200 million dollars.Securities climbed 4.43% to 24.77 dollars.

Also in the luxury sector, the parent company of Calvin Klein, the Philips-Van Heusen (1.64% to 53.30 dollars) announced yesterday the acquisition of the brand casual wear Tommy Hilfiger fund of British investment Apax Partners.

Google (0.53% to 566.16 dollars) could close its search engine or a part of its activities in China. The U.S. group would be safe "99.9%" to abandon its Chinese search engine, reported the Financial Times and the Wall Street Journal this weekend.

The results of FedEx (+0.21%) for the third quarter are expected Thursday. The numbers of specialist couriers are expected.They usually figure advanced barometer of business activity.

The record company Sony (-0.32% to 37.49 dollars) has signed a contract worth 250 million dollars to the heirs of Michael Jackson until 2017 to distribute new and derivatives of the "King of pop, died last June, the Wall Street Journal, citing sources familiar with the matter.

Submit a telephone number of young people living in small job and the homeless. Selling homemade chocolate while respecting the rights of producers of cocoa and employing people in rehabilitation. Eric Chatry, 42, associated with Francis de Pierrebourg, 34, and William Hermitte, 27, have one thing in common: they bring their expertise to the service contractor's office.

The first two have launched the Reconnect partnership that puts technology at the service of the poor and left behind. The third one created society Puerto Cacao, which has two shops in the 17th and 12th arrondissements in Paris.

Both projects are supported by the network Undertake Paris headed by Frank Hughes and chaired by Gonzague de Blignieres who is also chairman of the fund, Barclays Private Equity France.First association selected by the network, Reconnect has received a loan of Honor 25 000. Puerto Cacao 20,000 euros.

The three founders have followed a classic. Eric and William Chatry Hermitte graduate from ESSEC. Francois de Pierrebourg of the Institut d'Etudes Politiques de Paris.

The first worked for Danone, L'Oreal, McKinsey, LVMH. He changed his life and found volunteering in a nursing home for Catholic Relief homeless. The second was launched in the trade fair as it exits from ESSEC in 2006. The third familiar with the functioning of associations and social workers. He has been employed for 8 years of the SOS group is also involved in many drug addicts as ill-housed.

A socially responsible fund

All three have a common concern: they want to reconcile ethics and corporate social and economic efficiency.Eric Chatry which has received support from the State, the Ile-de-France, the Paris City Council and mayor of Bordeaux, is testing its new telephone service before launching a large scale. He circulated by associations that pays 10 euro per line per quarter. It creates a society that creates new services and new technology products for the most disadvantaged and filing patents. His research efforts could enable it to qualify as a young innovative company.

William Hermitte admit his difficulties to meet its commitments and requirements of investors who finance the development of its business.

Surfing on this new generation of social entrepreneurs, network Undertake Paris prepares to launch a socially responsible funds.This PIF "Value Undertake Ile-de-France" will take stakes of 50,000 to 300,000 euros in young companies winning network Entrepreneurship. "We want to mobilize investors by giving the honor to take the concept and entrepreneur," explains Gonzague de Blignieres. Investors in the FIP undertake to respect a very strict rule: they will not affect gains in companies which the fund has invested. These will support the operation of Entrepreneurship Network Ile-de-France. Further evidence that investors are willing to change the rules while refusing mere philanthropy.

Announced in May, the marketing of coffee pods Casino compatible with Nespresso coffee machines, breaking for the first time the monopoly of the subsidiary of Nestl? on its capsules, should lead to jostling on the shelves of super, supermarkets and mini-markets group Etienne. It could also lead to a rush in the courtroom. "We will defend our interests in a very strong," says Le Figaro Richard Girardot, CEO of Nespresso.

Ethical Coffee Company (ECC), the young Swiss company founded by a former boss of Nespresso and Casino, has negotiated exclusive distribution in France capsules designed by ECC, ensure not to violate any of the patents filed by the subsidiary Nestle. Those who protect the first generation of capsules are supposed to fall into the public domain until late 2012 payday advance low fees .ECC claims to have found a loophole allowing him to circumvent the patent protection. "It seems very surprising to our lawyers," stressed the head of Nespresso, which states that the 1700 patent filed by the group to protect the faith the capsules and how they are used in coffee makers.

The leaders of Nespresso, which could not see, and because the capsule competing, let alone taste it, do not count undertake preventive approach, both towards Casino, ECC or its sub Folliet contractor, the roaster Chambery which supports the production of pods. But with their lawyers, they will likely be the first to rush into the shelves of Casino.

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