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Signs cheapest for French

2000 French were interviewed by the firm OC & C for the fifth year on their perception of prices in a sixty nine brands owned by different sectors. The survey measures the gap between the actual price of a brand and the idea that consumers will make. Results: advance leaders still considerable. The report found that the French had one very realistic prices. "No wonder. The discount was born in France and consumers are accustomed to comparing prices," said Jean-Daniel Pick, cabinet member.Previous useSuivant Leroy Merlin (52) Next Photo 11/14

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Bernanke reiterated that the Fed will protect the U.S. from the crisis

Ben Bernanke on Tuesday reaffirmed the commitment of the U.S. Federal Reserve to do anything to prevent the financial crisis does not penalize the European economy United States, repeating comments made in the Senate Thursday before the House of Representatives.

"We are in regular contact with European authorities and will continue to closely monitor the situation and take all possible measures to protect the U.S. financial system and the economy, "said the Fed chairman, according to the text of a speech for the Budget Committee of the Upper House. 

Ben Bernanke remained cautious citing the economic outlook in the U.S. and did not allude to the release Friday of unemployment to its lowest level in nearly three years.

"We still have a long way to go before we can say that the labor market is behaving normally," he thought, using formulas similar to those of his speech on Thursday.

Greece will meet Monday to its international creditors

The three-party coalition government in Greece have agreed on a reduction in public spending of 1.5% of GDP in 2012 and are expected to give an answer to the proposal of credit ; the country's international nancial Monday at noon.

"Political leaders should in principle give an answer tomorrow at noon (the EU) so that it can be presented to the Eurogroup in Brussels," said Panos Beglitis, spokesman for the Socialist Party, Sunday. 

As negotiations dragged on for weeks, Beglitis acknowledged that leaders of the three coalition parties (the Socialist PASOK, New Democracy conservatives and the far-right party LAOS) have still things to negotiate, particularly on labor reform and support for national banks.

"There are two big problems, work and banks, which were left for tomorrow," he acknowledged.

Party leaders will then discuss the plan of the troika (International Monetary Fund, European Commission and European Central Bank) at a meeting chaired by Prime Minister Lucas Papadé mos.

"There will be a meeting of political leaders chaired by Papademos tomorrow afternoon," said Beglitis. 

But no work session was not officially scheduled with representatives of the Eurogroup on Monday and everything could happen by teleconference or a face-to face at the last minute.

The chief minister said for his part that the various managers of the government coalition have agreed on a reduction in public spending by an amount equivalent to 1.5% of GDP this year.

This includes measures to reduce salaries and benefits costs to make the Greek economy more competitive, he added. 

He also confirmed the meeting of heads of coalition parties on Monday to conclude negotiations on the second aid package of 130 billion euros to be implemented by the mid-March to avoid a collapse of public accounts.

The two main Greek unions called for a 24-hour strike Tuesday to protest against austerity measures and reforms demanded by international creditors.

"We expect one-day strike on Tuesday," said Ilias Iliopoulos, general secretary of the ADEDY representing public sector employees.

"Despite our sacrifices and despite the recognition that this policy mix is ​​bad, they ask even more austerity," he added. 

ADEDY and its private counterpart, the GSEE, representing about two million workers in Greece, about half of the workforce.

BAROIN OPTIMISTIC

Creditors of Greece had requested a reduction in spending worth one percent of GDP, slightly more than two billion euros for 2012.

The negotiations on the restructuring of the Greek debt held by the private sector rose "relatively well", said his side the French Minister of Economy and Finance, Sunday .

"I think it progresses smoothly on the part of private sector involvement to be made on a voluntary basis," said Baroin under the "Grand Rendez-Vous "Europe 1-Le Parisien-i> Télé. 

"We would not get away from the level at which one must move the Greek debt in 2020, that is to say around 120%," said the French minister. And "it is because we do not withdraw these objectives that the discussions are difficult," he said.

"Anyway, it's later than February 13," continued Baroin.

February 13 is the deadline posed by the euro area to launch the operation, which should bring the Greek debt around 120% of gross domestic product (GDP) to in 2020 against over 160% today.

The private sector should accept a discount of around 70% of its obligations under the exchange program of the Greek debt. This will help to lower than 100 billion euros of debt of Greece.

In exchange for a loan of at least 130 billion euros by 2015, the troika of institutional creditors requires further structural reform and further reforms of austerity authority to clean up its public accounts.

Troika calls including a lowering of wages in companies and supplementary pension, which measures face many political and union resistance.

In the absence of an agreement, Greece is threatened with failure to pay on 20 March, when mature 14.5 billion euros of bonds.

Up 7% of sales in 2011 Altran

Altran Thursday confirmed a large increase in operating margin for 2011 following growth of 7.2% of its turnover for the year, and said he was "reasonably confident" in 2012 despite ; economic uncertainties. Sales of specialist technology consulting totaled 1,419.5 million euros last year, growing "economy" of 8.1% (on a comparable basis excluding the impact of exchange and changes in working days). The fourth quarter alone, sales of Altran amounted to 370.6 million euros, increasing by 6% and an "economic growth" of 8, 6%. "Despite an uncertain macroeconomic environment, the Group is reasonably confident for 2012," he said in a statement its CEO, Philippe Salle. Philippe Salle had told Reuters in October Altran, a deficit in 2010 would remain negative in 2011 but would profit in 2012. The group will publish its annual results on March 12. Altran has completed action on Wednesday during a 3.801 euros, representing a market capitalization of 550 million.

Italy has had to make Friday a record yield of 6.5% at six months in an auction of 10 billion euros in short-term paper, increasing the pressure on the third euro zone economy and new government address the perception in the markets.

The average yield has almost doubled compared to the previous issue of this type in late October (3.5%), indicating that the establishment of a technical executive led by Mario Monti to restore order in the accounts public of the country has not yet stopped the outbreak of its financing costs.

Vodafone said Tuesday it had revised up slightly its annual forecasts after better than expected interim results, supported by buoyant activity in emerging countries and in northern Europe.

The world of mobile telephony has reported a turnover of 23.5 billion pounds (27.4 billion euros) over the first six months of the year, an increase of 4, 1% and a gross operating income of 7.5 billion (+1.3%).

Analysts polled by Reuters had expected 23.4 billion and 7.4 billion.

The results of the British group were fired by strong growth in India and good performance in Germany and Britain.The activity in Turkey has slowed but remained strong.

However, Vodafone continues to face difficult business conditions in Italy and Spain.

For all of 2011, the group noted the low point of its guidance range of adjusted operating profit, now expects a number between 11.4 and 11.8 billion pounds, against 11-11800000000 previously .

France and Germany put pressure Tuesday on the Greek Prime Minister George Papandreou to get an early implementation of the agreement of 26 October on the euro and the Greek debt, he wanted to submit to a referendum.

Following the surprise announcement, the head of the Greek government, which has caused a new storm in the financial markets, French President Nicolas Sarkozy and German Chancellor Angela Merkel responded by implicitly rejecting the idea of ​​this consultation.

"This announcement has surprised all of Europe.France wishes to recall that the plan adopted last Thursday by unanimous vote of 17 members of the euro area is the only way to solve the problem of Greek debt, "said Nicolas Sarkozy after a special meeting at the Elysee Palace with Prime Minister Francois Fillon and the ministers concerned.

Angela Merkel and Nicolas Sarkozy will meet Wednesday in Cannes, at the G20 summit, for a meeting with European institutions, the International Monetary Fund (IMF) and George Papandreou, last minute guest.

It will "examine the conditions under which commitments will be required," said Nicolas Sarkozy.

"I can not exclude (bankruptcy of Greece in the event of" no "in the referendum), but this will depend on how the question will be formulated exactly and what exactly the Greeks will vote," he said.

He said the Greek Prime Minister made his decision without informing his European colleagues and had previously alluded to the idea of ​​the referendum, before abandoning it, and finally to announce without warning.

"Can we in these conditions during the sixth release, the eight billion euros, as we had decided two weeks ago as we do not know if the Greeks are always agree with what has been accepted? "he asked.

Economic Report of the World Cup Rugby

The Rugby World Cup ends, after six weeks of competition, during which 20 nations competed in 13 stages. Key figures in images, the economic record of the competition.

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Passenger traffic increased ADP in September with France

Aéroports de Paris announced Tuesday a 6.1% increase in passenger traffic in September year on year, driven notably by the French and traffic despite a decline in the Middle East.

The airports of Paris-Charles de Gaulle and Orly, which hosted 7.9 million passengers last month, received a 7.8% increase in traffic hexagonal in favor of a positive calendar effect, the summer holidays in France that ended on September 4 this year instead of August 31 last year, the company said in a statement.

International traffic outside Europe rose 6.1% in September, with only one drop of 2.6% charged by the Middle East.

Since the beginning of the year, passenger traffic shows an increase of 6.1% compared to the same period the previous year.

The International Air Transport Association (Iata) said in late September that the outlook for the global economy were very uncertain, but said not to anticipate a recession.

Italy and Spain will repay all their debts, said Walnut

All countries in the euro area, except Greece, will repay all their debts, said Sunday Christian Noyer, member of the Board of Governors of the European Central Bank.

Recognizing a concern about this market, he stressed that Italy was in primary budget surplus (ie, outside debt service) and in Spain, the main economic and financial indicators were better in the United Kingdom.

"We can rule out defects in Italy, Spain, and shall exclude defects in Ireland and Portugal," said the Governor of the Banque de France on RFI and TV5 Monde.

That Italy chose not to pay down its debt, "is out of question because it would mean that Italy would have no ability to move markets to borrow money (. .) This situation is unthinkable. "

"Portugal and Ireland definitely do not want not to pay in full, every last cent, their debts," he said.

Rest of Greece, which in his view a limited risk for French banks, even if the discount applied to private investors on Greek debt exceeds 21% negotiated to date.

"The Greek sovereign debt is in the books of French banks is eight billion (.) Is fully absorbable," he said.

"There is no problem, this is not the problem," added Christian Noyer. "The problem is the uncertainty that was created precisely for this situation of Greece to be a reduction in debt from investors, who created a general anxiety in the market."