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EDF Energies Nouvelles has announced the results Wednesday that should let the markets perplexed. The EDF subsidiary, specializing in green energy, publishes indeed a group net profit down 7.7% to 38.6 million euros. Operating income rose 15.2% to 168.9 million euros, but remains well below the consensus was 186.58 million euros.

The group prefers to focus on sales amounting to 545 million euros, up 28.1%. A performance that the group owes its branch production, the most important, which recorded a sales growth of 30% to 219.4 million euros.

"Despite unfavorable wind conditions in the U.S. and very unfavorable to the United Kingdom, wind generation has benefited from full year impact of activations in 2009, notably in France and the United States, new facilities built in first half of 2010 in Europe and very good wind conditions in Portugal, "the company said payday advance. EDF EN has increased its wind power capacity of 156.1 megawatts (MW) gross in the first half and its capacity of 61.3 megawatts photovoltaic peak (MWp) gross.

For the future, EDF Energies Nouvelles has confirmed its forecast for EBITDA of between 430 and 450 million euros "and its goal of late 2012 installed capacity of 4200 MW net with 500 MWp of solar."

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A potential policy holder should always study their life insurance quotes carefully and all terms contained within them should be properly understood before any final decision is made.

The Chairman of the Board of Directors and former CEO of L'Oreal Lindsay Owen-Jones afflicts some 3.3 million euros per year pension, according to Capital magazine, which published its last issue in a ranking of "retreats Gold bosses.

At 64, Lindsey Owen-Jones – CEO from 1988 to 2006 – which last year received two million euros of annual salary as non-executive chairman of the world leader in cosmetics, "already has a pension of 3.3 million euros per year, "wrote Capital.

The magazine's ranking, which evaluated from annual reports of the pension groups already affected or hats come from bosses, ahead of Lindsay Owen-Jones CEO Franck Riboud of Danone, which should reach 1.8 in the future million euros in annual rent, and that Axa's Henri de Castries, the pension provided, when he was 55, is 1.1 million euros annually.

Behind them are the CEO of reinsurer Scor Denis Kessler (800,000 euros per year), former president of Sanofi-Aventis Jean-Francois Dehecq (779,000 euros) and Henri Proglio, which besides a pension of 769.000 paid by Veolia Environnement, affects 1.6 million euros a year as CEO of EDF, said Capital.

"Under pressure from the public and shareholders, companies have significantly planed pensions hats they give to their leaders," the magazine notes, however, that assesses the average annual pension of "30 most spoiled" of them at 720,000 euros.

"The retirement of the CEO is generally calculated on the basis of its last three salaries (including bonuses), when ordinary workers must produce his best 25 years, also falls Capital, which said that the groups are saving for pouring the future pensions promised.

After one child, the unique apartment? The Beijing city government announced on Friday of "tough measures" to curb rising property prices, reports the Xinhua news agency. Among these measures, families will no longer buy a new apartment. The municipal authorities also prohibit banks to grant mortgages to families buying their third and well beyond. The loans will be more accessible rather than "to persons not resident in Beijing who can not prove they have paid their taxes and social security contributions in the city for at least a year," the agency details Press.

Beijing is the first city of the Middle Kingdom to announce detailed measures to tackle speculation, China Daily notes.The cities of Shenzhen (Guangdong Province) and Shanghai would also work on a plan to regulate sales of homes in the wake of measures announced by the government since the beginning of the year.

Under the economic stimulus package introduced in late 2008, priority was given to the promotion of real estate lending. Result, prices in the industry have taken a very strong upward trend, especially in large cities, Natixis said in a note. So much so that some observers suggest the hypothesis of a housing bubble.

From our Washington correspondent

Goldman Sachs has managed to earn 3.7 billion dollars in betting, starting in 2007, the collapse of the mortgage-market. In doing so, the giant Wall Street acted against the interest of some of its customers, which it sold securities that he knew "toxic". This is the conclusion, after months of investigation, the Permanent Subcommittee on Investigations of the U.S. Senate.

Tuesday, during public hearings stretched on Capitol Hill, Lloyd Blankfein, the head of the giant Wall Street, has categorically denied these allegations."We do not speculate massively downward in the housing market and we certainly do not bet against our clients," he was forbidden under the spotlight, saying that even on the mortgage-market, Goldman Sachs has lost about $ 1.2 billion in 2007-2008.

"Nobody in the management of Goldman Sachs has never asked me to bet on a decline in the subprime market," added before skeptical senators, Joshua Birnbaum, the former head of structured products of the bank, also on the bench defendants.

Convinced otherwise, armed with emails and internal documents seized in the bank, the debonair Senator Carl Levin, glasses pavement at the end of his nose, led a determined assault Tuesday. But the chairman of the committee was confronted with a wall.He vainly tried to tell the past and present officials of Goldman Sachs called before him (including one French employee), how could they believe in the quality of debt issued by mortgage lenders whose reputation was terrible. Receivables classified as "business of shit" in an email exchange between two bank officials. "How many of these" affairs of shit "did you sell to your customers? asked, exasperated, Senator Levin fast cash advance. You've sold hundreds of millions. "

Bankers Daniel Sparks and Michael Swenson, impassive without being arrogant, but obviously confident of the merits of their point of view, seemed not to understand or what they asked or what they were charged.They also questioned the methods of calculating profits of Goldman Sachs selected by the committee.

Battle of Senate proceedings

According to Senator Levin, the investment bank has yet actually decided in late 2006 to a major cleanup of its accumulated risk on securities backed by the real estate markets whose collapse loomed. By discipline, to limit its risks and if possible in the hope of profiting from the trend, the bank had sold to investors and deliberately chosen for their credulity his titles too "toxic"."We have not been systematically and significantly" net short position "on derivatives of residential mortgages in 2007 and 2008," replied Lloyd Blankfein.

Meanwhile in the Senate floor, Democratic leaders and Republicans arguing over procedural votes before engaging in substantive debate on the reform of Wall Street. The Conservatives want by all means restrict the scope of Democrat Bill before it is submitted to a plenary debate in the room. A compromise is always likely, because both parties want to correct the excesses that precipitated the financial crisis.But the Republican minority wants to take his time, while Democrats want to take this case Goldman Sachs to prohibit such banks that have access to the discount window the Fed to speculate on their own account.

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Ever. When China publishes a number, it rarely falls in the half-measure. The purchasing managers' index, which measures both new orders and industrial production, released Thursday, has gained 3 points in March according to official statistics (55.1). It is at its highest level since its inception six years ago.

China, which is expected to announce an increase of 12% of its GDP (gross domestic product) in the first quarter, beating all records, remains the leading exporter, ahead of Germany (1 202 billion last year), but , surprise, it also consumes.

It will, if one believes his prime minister, Wen Jiabao, a deficit in its trade balance of 5.9 billion euros in March, the first since April 2004. This dip is due to the explosion of imports. They had increased from 85.5% in January. They still grew by 44.7% in February.Oil, coal, but also high technology products and luxury goods. That is what the government calls "accelerating change our mode of economic development.

The recovery plan 4 000 billion yuan (432.7 billion euros), launched in late 2008, that does not fund major projects. It also subsidizes purchases of appliances, cars, farm equipment. Thanks to him, retail sales rose 15.5% last year.

China has become the biggest car market before the United States. It is also the second customer of Bordeaux wines, after the European Union. Its purchases of gold are expected to double in the next decade, according to the World Gold Council cash advance no faxing.

The scourge of inflation

"The Chinese consumer spending weighs only 35% of the country's GDP, over 50% against the rest of Asia and from 60 to 70% in most OECD countries (Organization for Economic Cooperation and Development economic), "notes a recent study by Nomura. But she sees four reasons to explode: the growing appetite for Chinese goods as durable and as their wages increase, the expansion of cities in central and western countries, the development zones rural and the need to increase the share of services "which represent only 40% of GDP against 60% to 80% in high-wage economies."

But Beijing must first curb the twin evils. He needs to control inflation at 2.7% in February was the highest for sixteen months.For the first two months of the year, consumer prices rose 2.3% while retail sales increased by 17.9%. In Shenzhen, near Hong Kong, the square meter of land is sold 2 000 euros! China should also reduce the social divide. Urban residents earn 3.3 times more money than the people of the country, against 1.8 times in 1983.

Only the introduction of a real system of social protection for all allow the government to persuade households to save less to pay their pensions, their routine care, education and children to consume more.

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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.

EDF Energies Nouvelles, a 50% subsidiary of EDF, announced Friday in a statement, the cancellation of a contract to sell electricity to the United States. It Enxco its U.S. subsidiary has received its customer Indiana Power and Light (IPL) the cancellation notification on the proposed wind farm in Lakefield is currently under development in southwestern Minnesota.

EDF Energies Nouvelles, specializing in green energy, said IPL has decided to unilaterally terminate the contract without giving reasons while the latter had received January 27, 2010 the agreement of local authorities for its implementation.

Enxco studying the possible remarketing of the project from other companies and "the best way to assert his rights and prejudice"

The construction of this wind farm had not yet begun.EDF Energies Nouvelles ensures that this announcement will not affect its operational objective in 2012 nor his 2010 target EBITDA.

"EDF EN: annual results still very strong

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 …

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.

After the French and Finnish, is Britain's turn to make reservations on the flight control system of the EPR, the third generation reactor group Areva, supported by EDF. Management of Health and Safety UK, the body responsible for the safety of the nuclear industry in the United Kingdom has warned Friday it could not agree to the concept of the EPR and that the Westinghouse AP1000 reactor, the nuclear subsidiary of Japanese group Toshiba.

The safety authority said it nevertheless continued to believe that the two concepts could be suitable "for building new nuclear plants in the United Kingdom, but the two designers had" much work was carried out to meet our questions (…) security. "

The Areva group immediately responded

"It is quite normal that questions be raised before the final certification and the launching of a new reactor. These exchanges are integral to a transparent process, "responded immediately Areva group, chaired by Anne Lauvergeon, in a statement. The evaluation process should not end before 2011 and the first plant should be started in 2017.

In the News group Areva, the sale of its subsidiary transmission and distribution power T & D. While the choice of buyer is expected very soon, we learn that the CEO of U.S. conglomerate General Electric, Jeffrey Immelt, candidate for redemption, met with two consultants Nicolas Sarkozy to defend his group's bid, the Financial Times.

Areva received November 9 three bids came from the French firm Alstom, Schneider, General Electric and Toshiba of Japan for the redemption of its T & D division, estimated at between 3 and 5 billion euros.