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Diplomatic relations between Switzerland and Germany could still suffer. After the controversial purchase of a CD from Switzerland containing lists of suspected tax evaders in Germany launches massive search operation in the German subsidiary of Swiss bank Credit Suisse. Objective: to update the 1100 alleged customers of the bank suspected of evading taxes, and employees of the bank suspected to have helped.

The raids took place simultaneously in 13 cities and were conducted by 150 officers. Credit Suisse, which remained silent on the subject, has finally reacted by saying "cooperate with the authorities." "This is an ongoing investigation, so we can give more information," says the facility.

Unsurprisingly

Since March 19 this year, the Dusseldorf prosecutor's office suggested that he was investigating cons these clients in the fight against tax evasion carried out by the government. The purchase of the CD has already led almost 12.000à denounce himself, according to last count, in late March.

Credit Suisse is not the only Swiss bank in the sights of German authorities. UBS industry leader, is also subject of an investigation, not prosecution, but the authority of financial sector supervision Authority (BaFin).

Negotiations stalled

These searches involved in full discussions between Bern and Berlin on improving the exchange of information between the two countries payday loans in 1 hour. Both governments wish to reach an agreement that also aims to avoid double taxation.

In late March, the finance ministers of the two states signed a convention in this sense, but it is still not signed. Both governments face difficult issues such as control of German assets placed in Switzerland. A working group has also been mandated to expand the proposals and make findings in the fall.

Meanwhile, the convention is not in force, allowing Germany to put pressure on Swiss institutions. The spokesman for the German Finance Ministry wants yet reassuring: "We assume that the negotiations with Switzerland will continue to be constructive and to unfold in an atmosphere of mutual trust." He says they will, if successful, to "render obsolete" files using File Swiss bank clients stolen and resold.

The German technique is the same as that adopted in respect of Liechtenstein. In 2008, the Secret Service had bought a CD of stolen banking data, to 4.2 million euros. Having conducted several surveys, they managed to uncover many fraudsters, including the former boss of Deutsche Post, Klaus Zumwinkel. Under pressure, Liechtenstein was finally ratified an agreement on exchange of information on German assets located within the principality.

D-Day for Marcello Convite the boss of the small company that wants tricolor Carmat conquer the world with its first total artificial heart biocompatible. This Tuesday, in fact, that the start-up takes its first steps on the Paris Stock Exchange, having packed the heart of investors. In difficult market conditions, the SME accompanied by Truffle Capital, its largest shareholder (30%) and EADS, has done better than expected, raising 14.5 million euros at a price of 18.50 euros per share enhancing from the outset the company 75 million. A great appreciation for its Director General who has taken brilliantly in the year, new to him, the financial road show.

This Italian 57 years, trained in computer technology and speaks five languages, has not missed any arguments to "sell" the young company and its innovative and promising.His prosthesis, implantable total artificial heart developed by Professor Carpentier of the Georges Pompidou Hospital, from 2013 should help save tens of thousands of cardiac patients. A challenge that fascinates Marcello Convite former IBM and Fiat, paid for thirty years in the life sciences. He held until last September to senior posts in the American International Edwards Lifesciences, who had just bought to Professor Carpentier's revolutionary concept of cardiac valves. For Dr. Philippe Pouletty, CEO of Truffle Capital, with the artificial heart (which will remain French …), Carmat has "all the ingredients to become a global technology company beautiful. "A great adventure of entrepreneurs, leading the veteran of the biotechnology industry has also brought public in April and companies Neovacs Deinove.

Carmat is, in fact, primarily a story of men.An R & D secrets first, initiated in EADS by Jean-Luc Lagardere and Professor Carpentier and developed for 15 years by a team of engineers led by former "Mr. International" of EADS, Jean-Claude Cadudal, president of Carmat.

Beside him, the engineer, former head of EADS big projects, and "very good teacher," Patrick Coulombier, also played a key role. It is today, with Marcello Convite DGA society. It was created in 2008 under the leadership of Philippe Pouletty because, after the release of préprototype, "he had to go to the next level." By convincing the engineers of the European giant switch in the start-up and live the adventure.

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The quest for investors to be difficult for Tony Hayward, BP's boss. According to the special edition of the newsletter Middle East Economic Survey (MEES) to be published Monday, the emirate of Abu Dhabi would be reluctant to invest in the oil. The richest emirate in the federation of the UAE would not be accountable to the U.S. Department of Justice, which wants to want to be informed of any transfer of assets from BP. The Sovereign wealth fund Abu Dhabi Investment Authority (ADIA), became in 2007 the largest shareholder in Citigroup, is already in full court battle with the giant American banker whom he accused of fraud.

If the information is confirmed, it would be a setback for Tony Hayward, last Wednesday, went to Abu Dhabi, to convince the influential Crown Prince Sheikh Mohammad bin Zayed to buy 10% stake BP.

Abu Dhabi, however, may "want to take stakes in certain assets of BP in the region, but provided they have no problems with the U.S. Department of Justice," says MEES.

Leverage counterparts

In addition to the SWFs in the Middle East, BP tries to seduce her American counterparts. According to the Sunday Times this Sunday, the tanker is currently in exclusive negotiations with the U.S. Apache Corporation to sell up to $ 12 billion of assets, including its share in Prudhoe Bay, Alaska, the largest field North America. Apache, which is worth 29 billion dollars in stock, has already signed with BP repurchases in the past.But this operation would be of a different scale: Prudhoe Bay produces 390,000 barrels per day, or 15% of the production of the North Sea.

The partners in the field of BP, Exxon and Conoco Philips, will certainly have rights of first refusal on the part of BP. This dernierpourrait allow them to buy if they offer the same price Apache. The Sunday Times also understands that the U.S. government would have allowed Exxon to study a possible takeover of BP.

The Sunday Times added that BP would also soon sell its 60% interest in Pan American Energy, a producer in Argentina. The acquisition of this share worth $ 9 billion Chinese CNOOC and try the Argentinian Bridas. BP is also expected to sell various other assets, including its activities in Venezuela and Colombia, worth one billion dollars, as well as those in Vietnam, a similar value.

The government is continuing its investigation

All these operations are part of the constitution by BP to a reserve fund of 20 billion dollars (15.8 billion euros) pledged U.S. authorities to ensure the cleanup costs and damages associated with the tide black.

So he has launched an operation which is expected to completely contain the leak, BP is still feeling the pressure from U.S. authorities. The Justice Department has announced that Sunday, through the voice of Minister Eric Holder would continue to investigate the causes of the spill that pollutes the Gulf of Mexico from late April to determine whether to proceed with indictments.

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Remy Pflimlin candidate Nicolas Sarkozy as president of France Televisions, and knows his records showed yesterday at his hearing before the Conseil Superieur de l'Audiovisuel. His hearing before the 10 advisers on the Quai de Javel lasted half past two which nearly half past one of a set of questions and answers fed.

For candidates, two strong expressions dominate his mandate: "To provide programs and quality information for all and on all screens" and establishing "a bond of trust with the viewer citizen." This is to make a difference with the private television, he said, "is addressed, it, to consumers.""With the abandonment of advertising that allows us to contact the citizen and not the consumer and thanks to digital, we can offer an open television and inspires confidence."

Remy Pflimlin identified four key priorities in terms of programs. In order to defend the French production, he first insisted on the need for innovation in French fiction. For him, it is essential to develop new formats. It intends to increase "the time series and soap operas all day develop that are specific to strings.

For him, "it is essential to intervene very early and be able to finance the audiovisual writing. Similarly, he wants to develop the documentary. While paying tribute to his predecessor, he intends "to expand to new topics such as history and science."Also in line with the previous team, Remy Pflimlin continue "the diffusion of the performing arts. But the next president wants to "give emphasis to contemporary.

Strengthen the identity of channels

Finally, in terms of information, who has been a media owner wants to return to the fundamentals of "a group with 2,000 journalists." "At a time when our citizens are subjected to a constant flow of information, we must allow them to find the references in terms of rankings and explanations of the latter. We must not fall into the trap of the Internet by example and participate in the race. It is not only the credibility of our editors, but of the entire company. "However, he stressed the need" this information and logs run on all screens.That means to move the organization of editors.

For Pflimlin Remy wants to put digital at the heart of its strategy. "France Televisions has taken a little behind in its offerings, but also in exchanges on social networks. Yet more than 10 million of our fellow citizens consume television wrestling TV. It must therefore be given the opportunity to enjoy our programs on all the screens and that of the reaggregate their choice. "

As such, it has announced the appointment of a controller that will define digital, personally, a strategy for the group. This area such as fiction and documentary should be rare, enjoying a transverse direction, apart from general services.For in terms of organization, Remy Pflimlin intends to restore "a bit like Radio France principals embody the antenna channels and will have a strong autonomy in terms of programs." Its purpose is to strengthen the identity of channels: France 2 to be the chain of events, France 3 and RFO those of nearby, while France remains one of four innovation and France 5 that of decryption.

Moratorium on Economy

The changes in the organization has implications for social dialogue. "We must go to the essential," he said. "That is to say, first determine the objectives for the company and think about the business, organization of work and equal representation based on them." Thus, the future president of France Televisions will take time to reforming the company.For this, it says it wants to build on existing teams in place "and" indisputable retain professionals in their careers. "

Finally it is prudent on the financial issue and falls within the framework of the law which provides for the extinction of advertising. In this case, it does not advocate "for the increase in the fee. Otherwise, it will ask a "moratorium" for France Televisions to keep its advertising.

A little over five months after launching a takeover bid (OPA) on UTS, Total, through its Canadian subsidiary, Total E & P Canada has finally acquired the developer of oil sands in Canada, including its core asset, With the project mininier Hilles (Alberta). Total: 1.15 billion Canadian dollars, or 866 million euros. "The asset quality will enable us to consolidate and realign our portfolio of assets in Canada's oil sands," said Yves-Louis Darricarrère, president of Exploration & Production, said in a statement.

"The exploitation of tar sands – a mixture of sand and bitumen – is more expensive than crude oil but is very profitable when oil prices rise.This makes sense if you think that oil prices rise again, "said one analyst.

When Total launched its takeover bid for UTS, his spokesman said: "To acquire interest in UTS Fort Hills project fits with the strategy by enabling us to acquire at fair prices and a relatively strong position with attractive an oil sands project and a significant shareholder competent operational, "says Floren.

This asset will strengthen Total's existing portfolio in the region that includes the Joslyn Project and Northern Lights located near the Fort Hills project and which Total holds 74% and 60%.

Analysts at Morgan Stanley, this approach shows that Total is interested in trading in relatively small segment of the oil sands rather than the purchase of large groups, even if the rumor has expressed interest in the Canadian Nexen whose capitalization approach eight billion dollars.

Through this transaction, shareholders will receive 3.08 SWU Canadian dollars per share and a stake in the merged entity to exploration and development after the acquisition, SilverBirch Energy Corp., said in a statement UTS. "This transaction allows shareholders to realize immediate UTS bonus cash on the current course of action while participating in the SWU significant growth potential of SilverBirch," said John Watson, president of UTS.

At the Paris Bourse, Total shares lost 1.76% to 35.99 euros in a market that declined by 1.62%, to 12 hours.

In ten years the state has lost 100 billion euros in revenue. This figure results from the calculations of shock UMP Gilles Carrez, general rapporteur of the Budget, published by Les Echos. What set the scene while the deputies are to discuss Tuesday guidance of public finances, which will set priorities for the years 2011-2013. The challenge: reducing the government deficit of 7.5% in 2009 to 6% in 2011 and to 3% in 2013 to meet EU rules. And convince investors of the seriousness of France.

Since 2000, said Gilles Carrez, 70 billion euros of tax cuts have been granted by the governments of left and right. At the same time, 40 billion of revenue were donated to the Social Security and local authorities. The whole, "without these have been offset by lower expenses!" Gilles Carrez surprised in an interview with Les Echos.

The largesse of governments are particularly focused on tax cuts on income and on the proliferation of tax shelters. Then, down one point from VAT in 2000 has caused an erosion of 40% of revenues.

To redress the balance, the member calls for "an effort on tax revenues and social order of 15 billion euros is needed to demonstrate our commitment to reducing deficits and debt". The markets and rating agencies watch the France at the turn. If they judge announced that the effort is insufficient, the state will see its rating deteriorated and must borrow at higher interest rates.

Effort "just"

Still, the effort "must be fair," Eaton Gilles Carrez. Therefore, "the movement of the plane" tax "should apply to the broadest possible base."Income tax, corporation tax, solidarity tax on wealth, and even VAT should be reviewed.

For example, the 5.5% VAT on food is expected to increase to 12%, defends the member. A measure already excluded by Bercy. On the other hand, Gilles Carrez believes that the biofuel "is developed enough to no longer need to be subsidized.

The U.S. economy has begun to destroy jobs, after five months of net creation. In June, the number of job losses in the U.S. totaled 125,000 jobs including in the public, according to figures from the Labor Department. The figure was pulled down by the public sector, the end of the census causing the departure of 225,000 temporary workers hired for the occasion.

More importantly, the private sector alone has created 83,000 jobs. Is much better than the 33,000 net new jobs in the month of May However, analysts expected a figure close to 112,000. "We're going in the right direction but we do not go fast enough for many Americans. We are not moving fast enough for me either, "responded the president Barack Obama.

The increase in the number of private sector jobs due to "modest increases in various industries."The leisure industry in particular has created 28,000 jobs before the summer. Business services hired 21,000 people. Note, the industry continued to create jobs (9,000). The construction sector has meanwhile also destroys jobs (22 cash till payday.000), hit by a decline in new construction.

"Beyond these figures rather in line with expectations, the disappointment is the hours worked and wages," noted economists Exane-BNP Paribas. "Hours worked weekly find their level in April (34.1) and hourly wages shrink by 0.1% over the month." In bad omen for consumer spending.

On the other hand, the unemployment rate, calculated on a different basis, for its part fell 9.7% in May to 9.5% in JuneThe Labor Department said the decline by reducing the workforce and the growing number of discouraged workers who no longer work. "We still expect a gradual recovery in the labor market with unemployment rates remain high in 2010 before improving slightly in 2011," says Julian Thomas, an economist at Natixis.

"In general, the Labor Department report suggests weak growth, but not fallen into recession, say economists for their part of Societe Generale.

The trading hours of that Friday could mark a break after one week it is true though challenging for investors. Since Monday, the market has lost more than 5%. Of course, markets will pay close attention to monthly statistics showing employment in the United States which will be unveiled before the opening of Wall Street. But they seem they are already included in the indices, because Wednesday the investigation uncovered ADP than-expected figures for private use.

Thursday came another statistics support the poor with claims of unemployment rose 13,000 to $ 472,000 in the figures as at June 26, while economists on average expected a decline to 452,000 over the figure of 457,000 originally announced. This does not suggest the best for this afternoon.

The futures contracts reflected in the opening up of the order of 0.7 to 3362 points.

Note that the meeting in Paris will be exceptionally today around 41 values because of two new entities of Accor.

The trend has been better after the session on Wall Street to limit losses. At the close, the Dow Jones lost 0.42% to 9733 points, the Nasdaq was down 0.37% at 2101 points and the S & P 500 drops 0.32% to 1027 points. This morning in Asia, calm prevailed in the markets.

On the face values, we will therefore:

Bank stocks after doubts about the health of European banks. According to the Financial Times, a score of banks would be forced to raise funds after testing resistance.

Edenred (new name of Accor Services) made its market debut.The award technical reference of the title was set at 11.40 euros, a figure which is located in the lower range of 11-14 euro advanced Tuesday by the chairman of Accor at its general assembly and lower than its During Thursday on the gray market, which was around 12 euros depending on traders.

Accor: according to Les Echos, the group is also about to give the caterer railway wagons Beds French Newrest.Moreover, according to the newspaper, the proposed IPO of Lucien Barriere, another subsidiary of Accor, will be presented to analysts on July 7.

GDF Suez: Standard & Poor's said on Thursday lowered the outlook notes A/A1 group of "positive" to "stable", judging unlikely that the group achieves and maintains financial situation justifying an increase in his notes.

BNP Paribas and BPCE, the parent company of Natixis announced an alliance in consumer credit, which will require the development of a common platform operational from 1 January 2013.

Schneider said Thursday night it was in talks with the city of Ashgabat, Turkmenistan, on the renovation of the city's power grid. The Tribune reported Friday that the group has secured this contract, the newspaper figure at 1.3 billion dollars (1 billion euros).

Beneteau lowered from 17% to 15% of its target revenue growth for fiscal year 2009-2010 within the scope of delays in deliveries of vessels. The builder of sailboats and motorboats, however, confirmed its target of operating profit to 37.5 million for its fiscal year ending in late August.