Carlsberg said on Monday forecast a stable operating profit in 2012 due to a decline in sales in Northern Europe and Western Europe, after increasing its profits in fourth quarter broadly in line with expectations.

In the fourth quarter of fiscal 2011, the company posted an operating profit of 1.83 billion Danish kroner against 1.82 billion expected by analysts surveyed by Reuters, for a turnover of 14.85 billion crowns against 14.30 billion expected by the consensus.

For all of the current fiscal year, operating income is expected to remain stable and adjusted net income should increase slightly, says the Dutch brewer. 

The group also expressed its intention to purchase "as soon as possible" 15% of the remaining shares in its Russian subsidiary Baltika, an operation that will cost up to 6.5 billion Danish kroner (874 million).

Once completed the buyout of minority, by the month of May, Baltika Carlsberg will scratch the coast.

In early trade, the Carlsberg share fell by 2.0% to 420.40 kronor.

The bill was rejected UMP to 175 votes against 168. A Mixed Commission will now be convened before a return to both Houses of Parliament. View of the Senate in the Luxembourg Palace

The Senate on Wednesday rejected by 175 votes against 168 the bill UMP to govern the right to strike in the airline, criticized by the unions of Air Staff.

Most PS, CRC (Communist), RDSE (mostly PRG) Ecologist and passed a motion prior procedural motion which amounts to a rejection of the text. The centrist and right UMP voted against.

Filed by a deputy of the Right People, Eric Diard, before movement of airport security officers, PPL already adopted on 25 January by the National Assembly is to implement in the air including the existing and the SNCF RATP. Left and Right have competed strongly in the hemicycle of the Palais du Luxembourg, where the shouts are increasing with the approach of presidential elections.

"The airline industry is highly confrontational: 1131 strikes in the last three years, 63 days last year. This is no longer acceptable. Freedom of strikers must end or beginning of the passengers," insisted the minister Transport, Thierry Mariani. "The sky is open air. You, too, show a little opening and let yourself go with the interests of passengers, not that of a minority of employees," he told Catherine Procaccia (UMP). "Passengers are the cannon fodder of the malfunctioning of social dialogue," exclaimed Louis Negro (UMP).

"You do not have a monopoly on empathy with users stuck in airports. It is always the strikers who are responsible for everything, you never put the responsibility on employers, however, social dialogue takes two, "replied Jean Desessard (Greens)." If employees have to leave it because of the strikes of 1936 and if they do not fly is that they do not have money, you are the emissaries of big business "has swept Borvo Nicole Cohen-Seat, Chair of the group CRC (Communist). "No more business would be immune to similar restrictions to a fundamental right: the right to strike," protested George Labazée (PS). "The goal is to flatter a certain opinion public without worrying about the consequences of employees whose situation is often precarious, "blasted the rapporteur Claude Jeannerot (PS).  

This text requires the strikers, under penalty of law, to declare individually 48 hours before each day of the strike and employers to forecast traffic no later than 24 hours before the disturbance. Employees waiving participation in a strike or deciding to resume their service will also, under penalty of disciplinary action, inform the employer within 24 hours prior to their participation or anticipated recovery. This obligation to inform the employer of a change of mind will also apply to land transport, thereby altering the symbolic law of August 2007, improperly called law on "minimum service".

The airline unions have the four days last week strike demanding the withdrawal of a text for them violates the right to strike. They do not exclude other mobilizations. The PPL is registered emergency, a Mixed Commission (CMP, seven senators, seven MPs) will now be convened before a return to both houses but the Assembly has the last word.

The Prime Minister believes the government should not have back in 2007 after the failure of legislative reform because the cost of labor is essential. Prime Minister Francois Fillon regret not having done the social TYVA in 2007

Francois Fillon said Thursday evening the balance of Nicolas Sarokzy. The Prime Minister expressed as main regret of his five years at the Matignon "floating" in 2007 on the so-called social VAT, adding that he had to "do it now," referring to the will of the head of state to this measure on track by May When asked on the set of the show "The words and actions" on France 2 why the government wanted to implement the measure within three months of the presidential election, he returned to the turnaround of 2007, during the period between the two towers of the legislation.

"On the cost of labor, you remember we had planned to do in 2007. There was a reluctance on the part of the government team, from the majority that led to a misunderstanding on the part of the French, "argued the Prime Minister, recognizing that this was" probably (had) a reaction in electoral terms "in parliamentary elections at the time." You should never hesitate. When we govern, decide and implement the reforms (…). Here, there was a little flutter, flutter it made it more difficult for some time the implementation of this reform, "he said

……. Ruling out .. "inflation risks" now, François Fillon expressed the need "to do it now". Invited to express his main regret at Matignon, the prime minister has come back "on the case of lower labor costs in 2007. "" We hesitated too. It is a regret I have today, "he repeated. On the contrary the decision that is" most proud ", Mr. Fillon also drew attention to "the reform of social dialogue". "When you see what happened five years ago (…) is a small cultural revolution that has occurred," he judged.

On his favorite memory with the Head of State, with which relations have experienced up and down since 2007, the prime minister called a "great memory" the presidency of the European Union in 2008. "I was very proud of what has been accomplished and the image has given France and the president," he dit.Concernant his worst memory, Mr. Fillon declined to answer: " I have no recollection of this type and even if I had, I do not confide in you. "

The new home sales fell 13% in the third quarter. At the same time, housing starts and building permits have increased. An employee on a construction site offices and accommodation in Marseille.

The new home sales fell 12.9% in France over one year in the third quarter, according to the Ministry of Housing, which reported Tuesday alongside a 11.4% increase in housing starts and 22, 6% of building permits between August and October 2011. A total of 26,400 new homes were sold by developers in the third quarter of this year, a decrease of 12.9% over the same period in 2010, according to figures released by the Ministry.

Over the last four quarters (4th quarter 2010 to third quarter 2011), sales totaled 101,300, a decrease of 10.7% over the same period a year earlier.

Visa issued Wednesday quarterly net income up 14%, thanks to an increase in card payments and transaction volumes but the title retreated in after-hours transactions.

The world of credit cards has reported net income of $ 880 million in the fourth quarter of fiscal year, or $ 1.27 per share of Class A, against 774 million or $ 1.06 per share, a year earlier.

Analysts were expecting earnings per share of $ 1.25, according to Thomson Reuters I / B / E / S but it was not immediately clear if this figure could be compared with that published by Visa.

The turnover has increased its 12.6% to $ 2.38 billion.

The number of transactions increased by 9% over the same period last year to 13 billion. Volumes have increased them by 13% to 970 billion.

The action Visa declined by 2% to 90.10 dollars in after hours trading the publication of these results.

The Vatican on Monday called for the creation of a "universal public authority" and a "global central bank" to regulate financial institutions in the current period of turmoil and uncertainty.

The 18-page document, entitled "To reform the international financial system from the perspective of a public authority to universal jurisdiction," should strike a chord with "outraged" over the world protesting against the excesses of the current economic system .

"The economic and financial crisis through which the country calls everyone – people like people – to conduct a thorough discernment of the principles and cultural and moral values ​​that form the basis of social life in common," the Council Pontifical Justice and Peace in a note.

The Vatican warns against "idolatry of the market" and "neo-liberal ideology" that the current problems are only technical.

"The crisis revealed the attitudes of selfishness, greed and hoarding collective goods on a large scale," he says, adding that the world economies were to take an ethics of solidarity between rich and poor countries.

"If no remedy is given to various forms of injustice, the negative effects that will follow in the social, political and economic will be likely to generate a climate of growing hostility and even violence, to undermine the very foundations of democratic institutions, those that are also considered the strongest and safest, "reads the document.

The Holy See called for the establishment of a supranational authority in global dimension and universal jurisdiction responsible for guiding policy and economic decisions.

Such authority should be taken as reference the United Nations to gain independence then.

EFFICIENT STRUCTURES

When asked whether this document could become the manifesto of the "outraged", Cardinal Peter Turkson, president of the Pontifical Council for Justice and Peace, said: "People on Wall Street have to sit and think wisely about whether their current management of global finance is in the interests of humanity and the public interest. "

"We call on all groups and organizations to sit down and rethink the situation," he said at a news conference Monday.

The International Monetary Fund (IMF) has lost its ability to regulate the global creation of money and watch over the amount of credit risk that the system assumes, believes the Pontifical Council.

"In economic and financial matters, the greater difficulties come from the absence of an effective set of structures that can guarantee, in addition to a system of governance, a system of government in the economy and international finance. "

The world needs "a minimum corpus, shared rules to manage the global financial market."

"We see on the bottom, to draw in perspective the need for a body performing the functions of a sort of 'World Central Bank' regulating the flow and the system of monetary exchange, like the national central banks" , says the document.

The Pontifical Council recognizes that the establishment of both bodies will take years and will face resistance from the global players.

"This transformation will take place at the cost of transfer, gradual and balanced within the remit of a national authority in a global and regional authorities, which is necessary at a time when the dynamics of human society and of the economy and the advances in technology, transcend borders that are in fact already eroded in the globalized world. "

Diageo has reported strong sales Wednesday as part of its first fiscal quarter and said, anticipating a further growth in the first half.

Sales of the world's leading spirits, which makes Smirnoff vodka as well as Captain Morgan rum, rose 9% over the quarter on a comparable basis, while the ten brokers polled by Reuters on average expected a rise of 5, 9%.

By 0930 GMT, the action Diageo gained 3.52% to 1,325 pence, the fastest rise in the Stoxx European sector of the beverage and food, up 0.63%.

The British group will hold its annual general meeting in the day.

Spain Thursday awarded 4.5 billion euros of debt in three to four years at rates much lower than it had to be made this summer when the fears were strong to see the country contaminated with crisis debt in the eurozone.

France, which as the core countries of the euro area has benefited from the flight to quality has seen at the same time its financing conditions fall to historic lows. It has issued 7.498 billion euros of Treasury bonds (OAT) or the top of the announced range (6.5 to 7.5 billion euros) at lower rates than in previous auctions.Aggregate demand reached 17.1 billion euros, giving a high coverage ratio (2.3).

"The primary market seems to be working for the French paper," said Peter Chatwell, rates strategist at Credit Agricole CIB in London.

The Spanish Treasury bonds awarded 3.4% in April 2014, 3.3% and 3.0% in October 2014 to April 2015 average rates of respectively 3.589%, 3.495% and 3.639% against 4.813%, 4.291% and 4 , 23% in August, July and June

"It's a good result.The market will be more convinced of the investor interest in the Spanish paper, "said Peter Chatwell.

The amount issued is in the top of the range announced by the Spanish Treasury (3.5 to 4.5 billion euros).

If the average rates achieved by Spain are down sharply, they remain higher than the coupon of each of the three strains, which is not the case in France.

France has echoed the benchmark 10-year, the 3.25% in 2021, the weighted average rate of 2.72% against 2.9% in September.

At this point, the Agence France Trésor, which manages the state debt, issued 175.4 billion euros of debt in the medium and long term, or 95.3% of its issuance program for 2011 ( 184 billion euros net of redemptions).

The Eurogroup has postponed to November the payment of the loan of 8 billion euros in Athens, demanding the country's fiscal efforts even more. Finance Minister Evangelos Venizelos and the Greek Prime Minister George Papandreou in Parliament during the vote of a new austerity plan, June 30, 2011.

The euro zone decided Monday to postpone decisions on new loans crucial to Greece, to which it has requested additional budgetary efforts and plans to contribute more to his bank bailout.The Eurogroup also considering increasing the firepower of its relief fund for countries in trouble (EFSF) to make it more "efficient", but without increasing its volume, said President of the Forum of Ministers of Finance monetary union, Jean-Claude Juncker after a meeting in Luxembourg.

"We call on Greece to take additional measures" in terms of savings for 2013 and 2014, thus going beyond those that have just been announced for this year and next, Mr Juncker warned. The euro area has also called for more privatization of companies.Despite a draft budget for 2012 through a drastic reduction in public sector, Athens has fueled fears of a default by announcing on Sunday that its public deficit would be reduced to 8.5% of GDP in 2011 but remain in the coup beyond the initial target of 7.4%.

Fearing bankruptcy Greek with serious repercussions in Europe and the world, global stock markets ended sharply down Monday, even Wall Street falling to its lowest level in more than a year, while the euro fell below 1 , 32 dollar for the first time since January.

The threat of bankruptcy postponed until mid-November

Mr.Juncker said that a meeting of the Eurogroup, considered a time for Oct. 13 to unlock a portion of international loans to 8 billion euros, Greece country desperately needs to avoid bankruptcy, had been "canceled" because they can have all the necessary elements of evaluation at that time. "The Eurogroup will make a final decision in the month of October" based on the findings of the current creditors of Greece, the troika (EU, European Central Bank and International Monetary Fund), currently in Athens to check the progress of the government.

However, Mr Juncker has sought reassurance, saying the country would be "able to fulfill its obligations" financial. "A lack of Greece will be avoided," he further assured, adding that "a person contemplates leaving Greece in the euro area".In fact, Greece has said it would not need financing to avoid bankruptcy before "the second week of November," said the Belgian Finance Minister Didier Reynders.

The second aid plan for Greece, 109 billion euros promised July 21, he saw a fall Monday obstacle to its realization: the members of the euro zone reached a compromise on the guarantees required to Athens Finland. The new plan could also be modified to be greater involvement of banks, which suffer a discount greater than 21% so far on their claims considered Greek, suggested Mr Juncker. There will be "technical revisions" on the subject from what was decided on July 21, he said."Regarding the involvement of the private sector, we must take into account the fact that we have experienced changes since the July 21 decision," he added.

Increase the striking force of the relief fund

Monday's meeting also clarified the position of the Eurogroup on another essential tool to prevent the contagion of the debt crisis: Relief Fund for countries in trouble (EFSF), which was used to help the Ireland and Portugal. The euro zone plans to increase its clout to make it more "efficient", as demanded insistently the U.S., but refuses however to increase its volume, said Juncker.One way would be considered to use leverage, a financial mechanism based on debt to leverage its ability to act.

Several scenarios circulating: the EFSF could turn into a bank and buy from the counter of the European Central Bank (ECB) without any limit. It could also act as an insurer from the holders of debt and cover losses up to 20-25% if a state was lacking, or, used to secure the repayment of debt of the ECB, a mission that 'she reluctantly filled quickly and wants to give up. Options involving the ECB should not be those favored by the euro area, said Monday night Juncker, without giving more details

The Boeing 787 Dreamliner Sunday began his business career with the signing by the American manufacturer of contract Delivery of the first Japanese company to All Nippon Airways.

Scott Fancher, Boeing vice president in charge of the 787 program, said the ownership of the aircraft had been legally transferred to the Japanese company with the signing of these documents.

This issue comes with three years of delay the development of the aircraft built from composite materials, having suffered many setbacks.