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Yes and no … The new president issued his declaration of assets. Well above the average of the French, it is also below that of his predecessors. Francois Hollande has assets of 1.17 million euros. Does that make him a rich?

During the 2007 presidential campaign, Francois Hollande, then first secretary of the Socialist Party, gave his definition of rich: more than 4000 euros per month. This Friday, now the president has made public, as is tradition, heritage. Heritage Francois Hollande totaled 1.17 million euros. It includes a house in Mougins, on the heights of Cannes, worth 800,000 euros. Holland is also part owner of two other apartments in Cannes. He also reported owning furniture for 15,000 euros. Finally, it has three bank accounts totaling about 8000 euros, and life insurance of 3550 euros. Then, Francois Hollande is he rich? It depends on perspective.

Yes, if you compare his assets to the French average.

On average, each household in France has a heritage worth 259,000 euros according to INSEE. At 1.17 million, that of Francis Holland is more than four times. It appears even in the richest 10% of the population, who have a wealth of at least 552,300 euros. However, it is not among the wealthiest 1%: to be part of this club, the bar is 1.9 million euros. Francois Hollande may well be a president "normal", its heritage, it is very much higher than normal.

No, if we compare its assets to that of previous presidents

Nicolas Sarkozy declared, after his election in 2007, a heritage of 2.7 million euros divided into two life insurance policies. And, unlike Francois Hollande, said he also had 100,000 euros of jewelry, gold and other art objects. In 2007, Jacques Chirac left the Elysee with a had a wealth of 1.4 million euros, made up, including Castle Bity, in Corrèze. As for Mitterrand, his heritage was 9.7 million francs as it leaves the Elysee Palace in 1995, about 1.48 million euros. It mainly consisted of her apartment in the Rue de Bievre in Paris and his home in Latche, in the Landes.

No, if we consider that rich is someone who pays ISF

Reform of the ISF of Nicolas Sarkozy, in 2011, increased the threshold of wealth tax: it now accounts for taxpayers with a heritage than 1.3 million euros. At 1.17 million, Francois Hollande did not pay the ISF. He does not pay with the promised reform of the tax. Certainly it provides a slice of 0.55% on assets ranging from 800,000 to 1.3 million euros. But only the assets in excess of 1.3 million will pay this additional tranche.

So what exactly is a no teletrack cash advance? It is a cash advance that requires no lengthy faxing of documents and is designed to tide you over in between pay days when cash is particularly tight.

This should significantly complicate discussions between Paris and Berlin. "It is not possible to renegotiate the fiscal pact", which has already been "signed by 25 of the 27 member states of the European Union", said on Monday a spokesman for Angela Merkel. German Chancellor Angela Merkel (the Bundestag by December 2, 2011).

It is "not possible to renegotiate the fiscal pact" European, said Monday the spokesman of German Chancellor Angela Merkel, Steffen Seibert.

"It is not possible to renegotiate the fiscal pact", which has already been "signed by 25 of the 27 member states of the European Union", which aims to strengthen discipline in public finance management, said Mr. Seibert in a press conference, despite the wish of the new French president, Francois Hollande, to add to it a component of growth.

Lafarge announced Friday an increase in its turnover and its operating income in the first quarter thanks to emerging markets and improved pricing, allowing the world's leading cement to reduce its debt.

The group, which now generates 60% of its sales in emerging economies, achieved the first three months of the year sales up 5% to € 3.35 billion, slightly above the consensus reached by the editor of Reuters estimates from eight analysts who gave $ 3.3 billion.

Ebitda rose to its share of 8% to 516 million euros while operating profit rose 28% to 267 million. 

However, net income, group share, shows a loss of 44 million euros, against -29,000,000 a year earlier, reflecting restructuring charges corresponding in particular to the 500 job cuts engaged around the world as part of the reorganization of the group. Excluding these charges, Lafarge has emerged over the period with net income of 18 million euros.

"The group continues to anticipate an increased demand for cement, and maintains its estimate of market growth between 1% and 4% in 2012 compared to 2011," the group said in a statement .

"Emerging markets remain the main driver of demand growth (…) The prices should be up on the year 2012, and cost inflation more moderate e in 2011. "

CONTINUATION OF ASSET TRANSFERS

In the first quarter, net debt of Lafarge fell 13% year on year to 12.4 billion euros. One quarter to another, it is clear, however, up 3%, a trend linked "to normal seasonal variations in working capital (working capital needs)," said Lafarge.

The group's debt, inherited largely from the acquisition of Orascom in 2008, is still expected to decline "significantly" this year, without elaborating.

As part of its debt, Lafarge intends to limit to 800 million euros investment and reduce by at least 400 million euros in 2012 its costs. The group also maintained its target of over one billion euros of asset sales over the year, of which 71 million were made during the quarter.

Both activities are the subject of rumors of transfers, the plaster in North America, last active group in a trade which it is almost released last year, and cement in South Africa . The group must also achieve significant asset sales in Britain required by the Competition Authority to give its green light to the proposed joint venture between Lafarge and Anglo American.

"It is not impossible that these divestitures can be made in 2012," said the CEO of Lafarge, Bruno Lafont, during a teleconference.

The stock closed Thursday at 29.97 euros. Since the beginning of the year, the title took about 10%, after -42% in 2011.

American Diversified industrial manufacturer United Technologies on Tuesday released a quarterly profit above consensus citing better than expected demand of heating and cooling market ; North America.

Carrier and its subsidiary shows a 19% increase in orders for residential air conditioning systems with a sharp improvement in demand in late March. And this demand has remained strong since the beginning of April, said chief financial officer, Greg Hayes.

"The warm weather in March helped but it is also due to low inventory on the market", which has forced distributors to increase their orders, he said during a teleconference ; reference.

Excluding the accounts of three subsidiaries that were sold by the group, quarterly earnings totaled $ 1.26 billion, or $ 1.31 per share, up 19% year on year. It thus clearly exceeds the Thomson Reuters consensus I / B / E / S, which gave a profit of $ 1.19 per share.

After consideration of past depreciations on affiliates to sell and other special items, net income was down 67.4% to 330 million dollars.

The quarterly revenue fell 2% to 12.42 billion against $ 12.71 billion expected.

Outside the U.S., the economic situation is more mixed, said Greg Hayes.

"Europe is horrible, I think it's the simplest way of saying things. Construction contracts have been really anemic and there they remain, so we do not see many signs of recovery in Europe. "

.. In emerging ……, sales remained strong in the first quarter, except in China, where the decline of commercial real estate construction has weighed on demand for elevators, has continued CFO

. United Technologies, the world of elevators and air conditioners, has confirmed its forecast for the entire 2012 , ie an EPS of 5.30 to 5.50 dollars for a turnover from 61 to 62 billion, up about 10%

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. the New York Stock Exchange, under the United Technologies gained 1.12% to 80.64 dollars around 1300 GMT while the Dow Jones took 0.83%. 

The group will finalize in the coming months its largest acquisition with the purchase of Goodrich aerospace equipment for $ 16.5 billion.

It seeks to give three parallel activities in the smaller sector of capital goods-Rocketdyne, Hamilton Sundstrand and Clipper Windpower.

Sodexo announced Thursday for its first half 2011-2012 sustained growth in results due to the dynamism of Latin America and North and its recent acquisitions.

The group, whose results are in line with expectations, remains cautious, confirming its overall annual forecast, but tightened its organic growth target of sales around a range of 6 to 7% against 5-8% previously.

Beyond this internal growth, acquisitions should make an additional contribution of about 4% in consolidated sales, said Sodexo, which has also maintained its aim of increased about 10% of operating profit for the year. 

"We must be cautious in a macroeconomic climate remains uncertain and is still marked by inflationary pressures on food costs," he said during a conference call on Group CEO, Michel Landel.

The growth of continental Europe should remain "soft" by the end of the year, he added.

In the medium term, the world number two behind the catering Compass UK confirms its objective of achieving average annual growth in its consolidated turnover by 7% and reach an operating margin ; rational consolidated 6.3% at the end of the fiscal year 2014-2015. 

Operating income increased 14.5% to 559 million euros in the first half of the year based on a turnover of 9.07 billion euros, up 6.4% organic. This result reflects a favorable accounting adjustment of EUR 26 million related to the cost of pension plans of the group in the UK.

Around 9:25, the title showed a slight decrease (-0.5% to 60.07 euros). Revenues rose 8.3% since the beginning of the year for a market capitalization of 9.4 billion euros.

The activity of Sodexo was supported in the first half by a series of acquisitions in France, Brazil and the United States (with Lenotre respectively, Puras do Brasil, Broset Roth) and by the services provided by the group during the Rugby World Cup.

The group, whose rate of net debt to equity is 38% against 26% a year earlier, will continue to focus on organic growth but did not exclude small acquisitions.

China doubled the maximum fluctuation of the yuan, to 1%. The measure was hailed as a step towards greater liberalization of the exchange rate of Chinese currency. At the opening Monday, choinoise currency was down against the dollar. A 100-yuan face a $ 100 bill.

The Chinese currency was a downward trend against the dollar on Monday for the reopening of the foreign exchange market after the announcement over the weekend to double the range for the yuan against the greenback. People's Bank of China (PBOC) authorized as of Monday a maximum fluctuation of 1%, down as well as up, around a central rate fixed by day, against 0.5% previously. The measure was hailed as a step towards greater liberalization of the exchange rate of the Chinese currency, which gives the low level by major trading partners of China an unfair competitive advantage to its products.

By late morning Monday, the Chinese currency was trading at 6.3145 yuan per dollar, while the central rate was set early in the day at 6.2960 yuan to one greenback. This downward trend reflects investors' fears fueled by the publication Friday of growth below expectations in the first quarter, to 8.1% annual rate. "The Beijing consensus is that the margin of appreciation (the yuan) seems quite limited," according to Lu Ting, an economist at Bank of America – Merrill Lynch. This is partly due to the slowdown in export growth as well as a small current account surplus to 2.8% for 2011, which make "the external pressure on China for an assessment … has dissipated, "said the analyst.

"There was recently a series of reforms affecting the yuan and the financial sector at large, which all go in the direction of greater liberalization," noted for his part, Mark Williams, Asia economist at Capital Economics . "The enlargement provides the basis for a system of exchange rates more volatile and more based on the market in the future", according to this analyst. "The signal sent by China, it may be that the unilateral (Chinese currency) has expired," said his side to AFP Sun Junwei, an analyst at HSBC in Beijing. In March, Premier Wen Jiabao had estimated that the level of the Chinese currency was "close to balance".

The price per m2 of existing homes totaled at the end of January 8340 euros on average, 30 euros less than in October 2011. Prices in the Ile-de-France, for the same period were down 0.6%. This trend is not sustainable. Paris real estate. St. Pierre Semard, in the ninth.

Prices of existing homes fell slightly in Paris, in 8340 euros/m2 average for the period between November 2011 and January 2012 instead of 8370 euros/m2 previously announced Thursday night the Chamber of Notaries of Paris-Ile de France. The downward trend in prices began in late last year, is confirmed, indicate notaries in a statement.  

Moreover, the promise of sale entered recently, which presage the final price trends, highlight the value of apartments in the capital between 8100 and 8200 averaged euros/m2 end of May, confirming a trend slightly downward (-2 to -3.2%), after a sharp surge in prices which had led to an annual increase of 21.3% in late August 2011.

For the entire Ile-de-France, house prices in Ile-de-France, for the same period were down 0.6%. The largest decrease is observed in Seine-Saint-Denis (1.4%), while a decline of 0.3% in Paris proper.

The decrease in the number of transactions recorded for several months, was temporarily halted because of the reform leading to higher taxation of capital gains on property that, with effect from 1 February 2012, caused an influx of sales. Thus, from November 2011 to January 2012, 43,000 existing homes were sold, an increase of 6% over the same period 12 months earlier, and even 32% in central Paris.

After the records set last year, the Paris notaries had anticipated the end of February the prospect of a market downturn of the former in 2012 on the entire region, suggesting a decrease of 5 to 10% less a "new rebound of the financial crisis". But this break "will be sustainable only if new construction is accelerating sustainable in Ile-de-France for several years," had they warned. In the provinces, prices are expected to experience the same slope, according to forecasts by the INSEE.

The output growth of French chemistry to slow to 1.8% by volume in 2012 after the 5.9% achieved in 2011, due to the economic downturn and rising cost of raw materials and energy, told Reuters the president of the Union of Industries (UIC), Olivier Homolle.

The annual report of the UIC, released Tuesday, reveals that the performance of France were better than that of the entire European Union, in which the growth of the n 'was only 1.1% last year and should not exceed 1.5% in 2012.

Last November, the UIC had raised its growth forecast to 4.5% in 2011.

In total, the turnover of the industry grew 13% last year to 86.7 billion euros. 

"We see 2012 on a relatively positive but with a number of uncertainties because the world is moving at full speed," said Olivier Homolle in an interview with Reuters, while noting that the level of growth 1.8% expected this year is "very respectable".

He noted that the worsening economic climate in Europe and the slowdown in the entire industry in France had gradually affected the chemical sector, whose stocks have become cumbersome from the second quarter. 

GOOD CONDUCT OF PERFUME AND COSMETICS

The good news, Olivier Homolle continued, "is that there is no reason that Asia does not continue to draw quite significantly the global economy and that since beginning of the year, the U.S. showed signs of significant growth that have a good impact on the overall economy. "

With 5.9% growth in 2011, the production of the French chemical industry came back last year in volume to levels before the financial crisis, it had been drop 1.1% in 2008 and 9.5% in 2009, its worst decline in 20 years.

Last year it was mainly driven by the chemistry for the manufacture of cosmetics, perfumes, and to a lesser extent, cleaning products. 

For export, the demand of foreign markets, especially emerging, was supported in 2011, resulting in increased sales by 9.8% in value. But due to a high level of imports (12.4%), the balance of the sector fell to 4.4 billion euros, against 5.0 billion in 2010. …….

In 2012, export growth should return close to the average level of 2% recorded between 1990 and 2011. European growth is seen at 1.5%.

While oil prices seem set to continue the current high levels, above 120 dollars a barrel for Brent, UIC has urged the French government has become more open to development shale gas.

"The fact that the debate be closed is very worrying," said Olivier Homolle, who is also director of the French division of German group BASF.

"The goal is first to be as competitive as possible. Should at least permit the debate to take place, that we can get an education," said ; Olivier Homolle.

U.S. stocks open slightly higher Friday after the announcement of more new jobs than expected last month in the United States.

In early trade, the Dow Jones gained 0.16% or 20.17 points, to 12,928.76 points. The Standard & Poor's, wider, takes 0.25% or 3.49 points to 1369.38 points while the Nasdaq composite wins 0.3% (8.71 points) to 2,979.12 points.

The U.S. economy created 227,000 non-farm jobs last month, according to statistics from the Labor Department, and the unemployment rate remained at its lowest level in three years to 8.3%.

On the values ​​front, Monster Worldwide, the agency offers online job, gaining nearly 2%. Manpower is 0.2%.

The market is also supported by the announcement of a high acceptance rate of return for Greek debt.

Three years ago exactly, in a financial crisis, the S & P 500 posted its lowest closing level in 12 years, to 676.53 points. Since then, the index has more than doubled.

Side decreases, Texas Instruments lost 1% after launching a warning on its first quarter results.

The group of transportation and logistics Dentressangle Wednesday announced financial results increased in 2011 but noted that economic conditions had deteriorated in late 2011.

The company saw its turnover increase by 5.6% at constant scope and exchange, to 3.576 billion euros. The EBITDA (EBITA) increased 17% to 130.4 million euros while net income rose from 57.2 million to 63.3 million.

"Dentressangle has seen since the end of 2011 signs of slowing economy and observed high volatility of demand for its customers early this year , "the group noted in a statement.

The company, which does not give forecasts for 2012, will offer its shareholders a dividend of 1.25 euro per share for fiscal 2011, against 1.10 euros a year before.