28th November

The number of registered employment center has again sharply in October. The unemployment rate could pass the symbolic threshold of 10% this year as the economy is threatened lights of a new recession. Explanations. Agency employment center in Nice

Unemployment continued to fly in October in France: the number of job seekers without activity (category A) has again increased sharply in October, 1.2%, or 34,400 people, to reach 2.814 million , according to figures released Monday by the Ministry of Labour. The total number of people seeking work, including those engaged in a reduced (categories A, B and C) also increased by 17,200 to 4.193 million people (0.4%).

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24th November

According to the Uruguayan Minister, Louis Almagro, Nicolas Sarkozy was very upset to see that its proposed regulation, including tax havens, were not retained. Nicolas Sarkozy.

Luis Almagro, Uruguayan Minister of Foreign Affairs, said French President Nicolas Sarkozy was "very upset" with "the failure of the French strategy at the G20" and that he expressed in his statements on tax havens cause of a crisis with Uruguay.

"I think his statement (was dictated by) the bitterness and is linked with the failure of the French strategy at the G20", held in Cannes (south-eastern France) in early November, said M . Almagro in an interview published Thursday in the weekly Busqueda. "The four or five worn by strengths (Nicolas) Sarkozy at the G20 were rejected, as (the idea) to cap prices or on financial issues, etc..He used the G20 as a political platform, but it emerged weakened because the final statement did not address its program. I think it was upset and he has expressed in this unfortunate statement, "he added.

In early November, Nicolas Sarkozy said after the G20 summit that tax havens would be put "beyond the pale of the international community." He said that was part of the capital Montevideo which "did not have a legal framework for the exchange of tax information." These statements have angered Montevideo. The French government then explained that it was a statement on behalf of G20 and not of France and expressed its confidence in the willingness of Uruguay to fight tax evasion.

29th October

A source close to the government, China is considering investing 50 to $ 100 billion in the European Financial Stability Fund (EFSF). Nicolas Sarkozy and Hu Jintao in Beijing, April 28, 2010.

China is considering investing 100 billion dollars to help the euro area to combat the crisis of public debt, reported the Financial Times on its Web site Thursday, citing a government source. "China might be willing to contribute between 50 and 100 billion in the EFSF (European Financial Stability Fund) or to fund a new mounted under his leadership in collaboration with the IMF, according to a person familiar with the intentions of the Chinese leadership" , said the British newspaper.

"If conditions are suitable then something a little over $ 100 billion is not inconceivable," said the person at the Financial Times.

2012 will be difficult for the employment of senior

19th October

After the improvement of labor market frameworks in 2011, the coming months are more uncertain, according to APEC. Companies are less likely to plan to recruit executives in the fourth quarter. The barometer of APEC are signs of loss of business confidence.

2011 promises to be a good year for executives with a job market that has "resilient" but uncertainties in 2012, with gloomy economic outlook, according to the quarterly barometer of the Association for the use of frameworks (APEC) on Wednesday. "The year 2011 will be a very good year. It is the certainty, it is behind us, as business investment have been supported," said the executive director of APEC Jacky Chatelain, at a conference the press.

"But at the end of this year there are also elements of uncertainty," he said.Thus, if a significant number of companies plan to hire at least a part in the 4th quarter, a smaller proportion than in the third quarter are in fact some of it. 53% of companies with more than 100 employees plan to recruit at least one frame between October and December, an increase of 4 percentage points year on year. But only 69% of these are certain to do so – against 75% last quarter.

In the third quarter, employment remained strong: 57% of companies with more than one hundred employees, or 3 points from the third quarter of 2010, recruited at least one frame. The job assigned to the Apec also increased by 59% over one year in the third quarter. Nearly 140,000 bids were entrusted to the association. "The engine of growth" was the area of ​​the Council and business services: 100% in the third quarter of 2011, against 73% over the same period of 2010).But since then, signs of loss of business confidence have emerged: in September 21% of companies felt that the economic situation had deteriorated over the past year, against 16% in June

Graduates most affected by this pessimism

This loss of confidence seems to work against graduates, for whom the "hiring intentions are down for the first time in two years," said Pierre Lamblin Director of Education and Research APEC.

In a context "uncertain", companies are looking more frames already trained more operational: 41% of companies planning to hire in Q4 target young graduates, a decline of six points in one year, according to the survey, result of telephone inquiries conducted by the company in September Gn operations, with a panel of 750 firms with over 100 employees, representing the private sector."This is not not a disaster," the proportion was only 22% in late 2008, said Mr. Lamblin. "But the question is: will it last and how long?".

While according to the INSEE, the overall unemployment rate in France could reach 9.2% of the workforce in the fourth quarter, the executive is now much lower, around 3.7 or 3.8%. But the conditions of re-employment of executives have deteriorated from the end of 2008 and the long-term unemployment has increased frames. Today, a third of managers are unemployed for more than 12 months.

GE boss understood the outraged Wall Street

17th October

Confidence will be key to reviving growth in the U.S. economy and soothe the anger that swells around the global financial system, determined by the Director General of General Electric, who said he understood the movement of "outrage" of Wall Street.

Jeff Immelt, who heads the world's leading manufacturer of aircraft engines and electric turbines is also senior adviser to President Obama for employment and the economy.

"Until we have restored confidence, we can not move forward," he said at a conference organized by Thomson Reuters in New York.

He called for exercise of "empathy" with respect to the crowds of protesters occupying Wall Street and parade through the United States last month to denounce the excesses of the financial system, inequality and the economic crisis.

"Unemployment reached 9.1%. Underemployment is even higher, especially among young people without a university degree," he listed. "It is natural to assume that people are angry."

"The only way to solve this particular problem is growth," he said. "If unemployment is falling, people will feel better.If unemployment rises, people will feel even worse, what happens on Wall Street, no matter what the reform of finance. "

Jeff Immelt also commented on the debt crisis in the euro area, which worries financial markets worldwide and has already pushed major banks like Bank of America and JPMorgan Chase to announce layoffs.

"The most likely scenario is that Europe has a low growth for a long time," he said.

Italy facing record funding costs

13th September

Italy has had to make a record performance to place five-year bonds Tuesday, which illustrates again the difficulties faced by Rome to finance to sustainable levels.

The euro briefly fell below $ 1.36 and European stock markets have widened their losses after this operation, before these assets back into positive territory in mid-session.

The hope that China will come to the aid of Italy by investing in debt, a prospect that had supported the market on Monday night and Tuesday morning, gradually dissipated, which weighed on the bond issue.

In all, the Italian Treasury has raised 6.485 billion euros, 3.865 billion of new securities to five years, sold at a yield unprecedented 5.60%.

The coverage ratio of the award to five years rose to 1.279, well below that in the last similar operation, where he had established at 1.93.

The cost of financing which faces Italy took off despite the buybacks of sovereign debt in recent weeks made by the European Central Bank (ECB) to support Italy – a program that has led to the resignation sensational Jürgen Stark Friday.

"A disappointing auction, where the relatively low coverage rate is obtained at an exorbitant cost," said Richard McGuire, technical analyst at Rabobank.

The Italian Minister of Economy, Giulio Tremonti, met last week a Chinese delegation, said on Tuesday a spokesman for the Italian Treasury, which did not however want to comment on the content of the meeting.

These offers came a day after an article published in the Financial Times reported that Italy had asked China to support its debt by buying quantities "significant".

EMERGENCY ACTION

Chinese leaders have repeatedly publicly expressed their support for a Euro mired in difficulties.

But according to the Wall Street Journal citing a source familiar with the matter, it is not certain that the talks between China and Italy lead, pointing out that visits of Chinese delegations in Greece and other countries in the region Euro difficulties had raised hopes for investment from the second world economy that never materialized.

The renewed investor concerns about the difficulties Italy has led to a further widening of the yield spread between Italian and German bonds to 394 basis points.

This level is near the peak of 400 basis points reached in August, just before the European Central Bank does not fly to the rescue of Italy in redemption of government bonds issued by Rome.

On Monday, the CDS to five years in Italy has reached a new high of 505 basis points, up 38 basis points, according to Markit, which tracks the derivatives market.This means it costs EUR 505.0000 to guard against exposure to 10 million Italian sovereign bonds.

Italy has entered the center stage of the debt crisis because of its sluggish growth and its debt of 1,900 billion euros, representing about 120% of the GDP of the country.

Italian MPs are looking into the austerity plan introduced by the government of Silvio Berlusconi plans to reduce the budget to balance of Italy in 2013.

The Italian Senate approved on Wednesday through a vote of confidence in the austerity plan intended to bring 54 billion euros according to the Italian Treasury.

Italian MPs will be asked to vote on Wednesday by a vote on the austerity plan of the Italian government said on Tuesday the prime minister, Silvio Berlusconi.

Herman Van Rompuy, European Council President, said that the implementation of the austerity program was crucial not only for Italy but for the euro area as a whole.

According to economists, the cost of a bailout of the country at once would exhaust all resources in the European Financial Stability Fund (EFSF).

The debt issue is back Wall Street

6th September

Wall Street closed down Tuesday for the third straight session, concerns about the debt crisis in the euro area has once again taken an advantage over all other considerations.

The Stock Exchange, closed Monday for Labor Day, but ended above its low of the session.

The market questions the desire of Italy and Greece on the path of austerity, even in Germany voices are heard in protest against the aid given to countries in the area Euro trouble.

The Dow Jones lost 100.96 points (0.90%) to 11,139.30. The S & P 500 drops 8.73 points (0.74%) to 1165.24. The Nasdaq Composite Index gives 6.50 points (0.26%) to 2473.83.

Banks in particular have suffered and KBW index yielded 1.68%.So far only the German Dax and the Nikkei Japanese have sunk.

In terms of statistics, the growth of services sector in the United States has stepped up against all odds in August, ending three successive months of slowdown in the sector.

Sprint has taken legal action because it believes that the transaction will result in higher prices and create a duopoly between AT & T and Verizon Communications.

Sprint lost 4.5%, while AT & T has sold 0.78%. Verizon Communications fell almost 1%.

Bank stocks fall again in Europe

5th September

European banking stocks were again down sharply Monday on the stock market due to lingering concerns of investors about the financial health of banks exposed to the crisis of sovereign debt in the euro area.

Around 9:50, the European banking index gave up 3.03%.

"This is the euro area is still Greece.We tend to underestimate the problem, "said one Paris-based financial analyst who requested anonymity.

"Clearly, I think of Greece, the banks will have to make additional provisions, especially after the statements of recent days as what the trajectory of debt (Greek note) was uncontrollable."

The analyst also noted that U.S. money managers have reduced their investments in European banks.

"Structurally U.S. banks will lend less to European banks as the crisis lasts," said he. "European banks will have to go looking for funding sources for other areas."

Among the largest declines, the German bank Deutsche Bank falling 6.74% to 24.25 euros.In Paris, Societe Generale was down 4.62% to 21.14 euros and BNP Paribas 4.14% to 32.0350 euros.

The action suffers from Deutsche Bank launched two investigations into the bank in Britain and the United States.

According to the Financial Times, the British authorities in the fight against fraud are currently reviewing certain transactions by Deutsche Bank and Goldman Sachs.

The bank is also part of the list of 17 major international banks covered by the plain of the U.S. federal agency oversight of mortgage loans (Federal Housing Finance Agency) for the role of these institutions in the subprime crisis.

Lagardère lowers its forecast in 2011, weighed down by sport

31st August

Lagardère was forced to significantly revise down its forecast for operating profit for 2011 because of the difficulties encountered by the sports center in the first half.

An adjustment of annual objectives of the media group was expected, with Lagardère early March release a forecast that does not take into account the ongoing sale of its assets in international press whose impact is estimated at 35 million euros for exercise.

The surprise comes from Lagardère Unlimited, the results were significantly lower than expected by the group for the first half, forcing it to revise down further his ambitions for the year to expect a decline in the 5 to 7% of its recurring EBIT before associates (operating profit) media.

Without even considering the sale of its international magazines, the group could achieve a growth "somewhat positive" in operating profit in 2011 due to the underperformance of its sports division as it was previously an increase of about 10%.

"I remain very confident in the fact that sport is an engine of growth for the group in the years to come," said managing partner Arnaud Lagardère, in a conference call."What we have seen, this is not a problem but a problem of strategy execution."

It has set itself the ambition to make the pole a world leader in sport by 2015, investing over one billion euros since its inception, but the smallest of the divisions of the group has never been profitable.

After a blip in 2010, Unlimited had back hair of the beast in the sporting calendar for a more favorable but the division was weighed down by the first half of the items, including a dispute over cricket in India as well as implementation problems that resulted in an overhaul of its management.

IPO CANAL + FRANCE STILL SUSPENDED

The chief financial officer Dominic D'Hinnin said the shortfall was $ 40 million for the first six months, adding that some of the difficulties likely to continue in the second half.

"Sports has really collapsed, and it's not over," said Conor O'Shea, an analyst at Kepler Securities."The only positive is that this activity was considered low enough and at least the other divisions have posted results in line with expectations".

In the first six months of the year, the Media recurring EBIT before associates spring down 6.9% at constant exchange rates to 168 million euros to a total turnover of 3.72 billion euros.

The market was expecting an average of 178 Media recurring EBIT before associates million for a turnover of 3.673 billion euros, according to estimates by six analysts.

The group's performance was supported by the Services division, which owns the chain of newsagents and bookstores Relay, thanks to the sustained level of air traffic.

The publishing division, however, continued to suffer from dwindling sales of "Twilight" vampire saga by Stephenie Meyer successful, but should return to growth in the second half, said Dominic D'Hinnin.

Lagardère Active, which includes including Paris Match and Europe 1, has its share decreased by 3.1% on a comparable turnover excluding international magazines including the assignment to the U.S. was cordoned off for Hearst most end of May.

Asked about the proposed IPO of 20% held by the group in Canal + France, Arnaud Lagardere has confirmed that the current market conditions did not allow for time to consider a resumption of the process, suspended after the Japanese earthquake last March.

Asked if Lagardère could return to the table in discussions with Vivendi holding the remaining 80%, Dominique D'Hinnin said, "we want to sell and that's it."

Before the publication of results, Lagardère has closed up 2.26% to 23.80 euros. Since the beginning of the year, as a sign down nearly 23% while the index of pan-European media has given 14.34%.

Total may sell its exploration and production in France

26th August

Total is about to sell its assets in the exploration and production in France, wrote Friday the Bulletin of the Oil Industry (BIP).

According to the daily newsletter, the fields of oil should be sold in Paris Vermilion Canada, which had resumed in 2010 the assets of Esso and is the first French producer with 46% of oil extracted in the country.

The BIP adds that the deposits Aquitaine, Total would be transferred to Vermilion and French Geopetrol, while the Lacq gas field should also be transferred to Vermilion in 2013.

"The sale transaction is being finalized.But the final disposal will take place before the end of 2012 in accordance with French law the transfer of mining assets, "said the newsletter.

A spokeswoman for Total declined to comment on this information.

French production of 21,000 barrels represented Total oil equivalent per day in 2010, world production of 2.378 million barrels throughout the year.

The daily Les Echos that writes the total in the fall should submit a reorganization of scale of its operations downstream, with a planned merger of its refining and petrochemical industries. The group did not want comment on the report Friday morning.