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The European Investment Bank (EIB) could provide up to 74 billion euros in loans to banks in two years in Europe if its own capital was strengthened, including with money provided by its shareholders, according to a document prepared for the finance ministers of the Union.

Prepared for the Council of Finance Ministers of the EU, which meets Tuesday, the report details the means that could be implemented if the credit crunch.

"The risk reduction of leverage by the banks is not negligible and it is important to maintain and even increase of EIB lending to the real economy through the banks," said Bank in this document, dated November 3.

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Exxon Mobil reported Thursday a 41% jump in earnings in the third quarter, slightly more than expected by Wall Street, thanks to higher oil prices and improved refining margins.

Several major oil companies like Royal Dutch Shell and Norway's Statoil, have reported in recent days of strong quarterly results due to higher oil prices.

The futures contract on crude oil traded in New York has averaged $ 90 per barrel in the quarter, up 18% over the same period in 2010, while Brent crude oil jumped 48% .

An hour after the opening of Wall Street, Exxon earned the title 0.2% to 81.17 dollars, underperforming the S & P of the energy gained 2.34%.

Exxon is investing heavily in the exploitation of shale gas, particularly in North America.

The benefit of exploration activity and production of Exxon jumped 54%, the refining of 36%. The group said that better refining margins helped boost the profit of one billion dollars.

The U.S. economy has created far more jobs than expected in September and the new posts of previous months have been revised upwards, according to official statistics released Friday that could mitigate fears of a return to recession.

Last month, 103,000 non-farm jobs were created, according to the Labor Department, while economists on average expected 60,000 creations.

The unemployment rate was unchanged from a month to month to 9.1%, in line with analysts' expectations.

The right numbers in September are based in part on the reintroduction of 45,000 employees of Verizon in the number of jobs created, they were not in August because of a strike.By excluding these employees, 58,000 new jobs were created.

Statistics disappointing August, which reported zero job creation, for its part has been revised to bring out 57,000 new jobs. That of July was also revised upward to 127,000 against 85,000 previously.

Overall, the private sector has created 137,000 jobs, 100,000 against and 42,000 expected in August. The public sector has eliminated 34,000 jobs to him.

RELIEF

These employment figures are one more sign that the U.S. economy could avoid falling into recession despite a sluggish summer.Last week, the growth of U.S. gross domestic product in the second quarter was revised up to 1.3% against 1.0% in the first estimate.

Recent indicators of the manufacturing sector, business spending and auto sales leave now think the economy is doing better than expected third quarter.

Hourly wages have also increased by 4 cents in September after falling all the previous month.They then recorded their first decline since October 2009, pushing the savings to its lowest level for over a year and a half.

"The increase in job creation and revisions of the statistics is comforting and exciting to the market," said John Kilduff, partner of Capital hedge fund in New York Again.

"But it seems premature to use these numbers to say, regarding the economy in general, we are out of the woods," he tempers.

In September, the U.S. economy has eliminated 13,000 manufacturing jobs, after having destroyed in August 4000.

Some economists fear that the debt crisis will derail the U.S. recovery, not a fear expressed Thursday by U.S. Treasury Secretary Timothy Geithner.

"We're still not at a job that can bring down the unemployment rate, which remains a key concern important to the economy," warns Ellen Zentner, economist at Nomura Securities in New York.

The economy must grow by at least 2.5% per year and create jobs 150.00 per month to prevent the unemployment rate to rise.

The ruling coalition in Slovakia will have to overhaul the government or call early elections if it does not find a majority in parliament to ratify the reform of the European Financial Stability Fund (EFSF), said Sunday the main opposition party.

The country, with only 5 million inhabitants, could hinder the ratification process of strengthening the powers of the Fund reform validated so far by 14 of the 17 countries in the euro area.

The center-right coalition of Prime Minister Iveta Radicova hard to achieve a parliamentary majority on this vote, which is expected by October 14, since one of the coalition parties, Freedom and Solidarity (SaS) is refuses to support.

"Either the government approves the EFSF and the coalition will do well by itself, or the ruling coalition is not able to make such a decision and will have to rely on the help of the opposition, but with consequences on the functioning of the ruling coalition, "said Robert Fico, Smer party leader, during a televised debate.

The Smer, which has nearly 40% approval rating in the polls, supports the reform of EFSF but refuses to reach out to the coalition.Robert Fico said that it would overhaul the government or call new elections if it failed to unite.

"We are ready to support the EFSF, but if we do, that means no more ruling coalition in Slovakia," said the former prime minister Iveta Radicova predecessor as head of government.

Nokia, faced with declining sales and profits, announced Thursday the elimination of 3,500 positions, including the upcoming closure of its plant in Cluj, Romania.

The closure of the Cluj result in the layoff of 2,200 persons.Nokia also plans to eliminate 1,300 positions in its other division Rental & Commerce, which includes the world leader in digital mapping Navteq.

These staff reductions are in addition to a program unveiled by the group in April to achieve 1 billion euros in savings, and including the removal of 4,000 jobs.

The world's largest maker of mobile phones by volume is facing a decline in sales and earnings after announcing in February that now employ the operating system from Microsoft for its smartphones.The first of them well equipped arrive on the market later this year.

The action Nokia has lost half its value since February, investors feared that the group would lose much market share until the launch of its new smartphones and no longer able to fully regain thereafter.

Around 9:10 GMT, the action to Nokia gained 0.96% 4.22 euros, while the European sector index electronics progressed from 0.17%.

Nokia also announced it would inject with Siemens € 500 million in their joint venture Nokia Siemens Networks, headed by Jesper Ovesen would succeed Olli-Pekka Kallasvuo, former CEO of Nokia.

Wall Street opened the session Wednesday up timid, investors playing the card of caution before the results of the two-day meeting of the Monetary Policy Committee of the Federal Reserve (FOMC).

In early trade, the Dow Jones gained 0.22% (25.50 points) to 11,435.98 points. The Standard & Poor's, largest, advanced 0.34% (3.82 points) to 1206.16 points while the Nasdaq composite gained 0.85% (22.07 points) to 2612.21 points.

The markets expect the Fed decides to influence long rates to support economic activity, an action similar to that conducted in the 60's and so called "Operation Twist". The release is expected around 18:15 GMT.

Values, General Motors rose 0.71%.The CEO of GM has expressed concern about the risk of a recession in the U.S. but it does provide a recovery in demand because of the need to replace an aging fleet in the major economies.

The technology sector gets its game after Oracle reported Tuesday a quarterly revenue slightly exceeded expectations and delivered a better than expected profit forecast for the current quarter.

The work of the specialist management software database jumped from 7.37% in early trade, while Adobe, which also announced better than expected forecasts for the fourth quarter, advancing 5.8%.

Pepsico appreciating the title of 1.65%. The group announced the creation of a board comprising its divisions drinks and food in order to achieve economies of scale, and reaffirmed its outlook statement for 2011.

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%.

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%.

Berlin has revised down its forecast of budget deficit to 1.5% of GDP in 2011. The German Minister of Economy, Wolfgang Schauble, also removes any risk of recession. Wolfgang Schäuble, the German finance minister, by the Bundestag in Berlin September 14, 2010.

Germany has lowered its forecast of budget deficit to 1.5% of Gross Domestic Product (GDP) in 2011, in a monthly report of the Ministry of Finance released Monday. April 13, Berlin table again a general government deficit (which includes the accounts, the regional states and municipalities) of 2.5% of GDP. In 2010, public deficits were 3.3%.

"The positive development this year will continue through 2015, which will have balanced accounts in 2014," the ministry's report posted on its website.Public debt "will drop by the end of this year to 80% of GDP and thus be about three percentage points less than last year," the ministry. He expects public debt to about 71% of GDP in 2015. In 2010, public debt was 83.2% of GDP.

"There are no signs of recession in Germany," said also on Monday antenna Deutschlandfunk the German Finance Minister Wolfgang Schäuble. "The development of the labor market remains very positive," he said. "In Germany, as in the rest of Europe, the second quarter was worse than expected," admitted Mr Schäuble, while ensuring that there was "no reason to worry" and that the country would reach a growth of 3% of its Gross Domestic Product (GDP) in 2011.

German growth in the second quarter has seen a brake sharper than expected, the German gross domestic product (GDP) increasing by 0.1% over the first quarter, according to figures released Tuesday by the Office for Statistics (Destatis). The growth of gross domestic product (GDP) in the euro area it has slowed to 0.2% in the second quarter, after 0.8% in the first, according to data published by the EU statistics office Eurostat.

The bill for the storm that hit Friday and Monday on the financial markets totals 917 billion euros for the European and American companies, according to calculations by Dexia. Traders at the New York Stock Exchange, August 8, 2011.

More than 900 billion euros went up in smoke on the stock market in two days in the U.S. and Europe, according to analysts' estimates of Dexia Securities, the brokerage subsidiary of the Franco-Belgian bank Dexia.

The bill for the storm that hit Friday and Monday on the financial markets totals 917 billion euros for companies on both sides of the Atlantic, said the document, which speaks of the "cost of great fears in the year 2011. "

On Friday, August 5, the European stock markets had fallen because of fears about the U.S. economy and concerns about contagion from the crisis of debt in the eurozone.That day, London had dropped 2.71%, 2.78% Frankfurt and Paris 1.26%. For the week, the Frankfurt Stock Exchange had lost 13%, in London nearly 10%, and Paris almost 11%.

Monday, August 8th, financial markets had panicked after the deterioration of historic note credit of the United States. The New York Stock Exchange fell by 5.55%, its worst day since December 2008. In Europe, Frankfurt plunged 5.02%, Paris and London of 4.68% from 3.39%. "As you can see, the addition is heavy," said the AFP Jean-Paul Pierret Dexia Securities.

3.4 trillion lost in six months

Seven months, about 3,400 billion which went up in smoke, which represents almost a third of gross domestic product of the United States (14,500 billion), according to Pierret.These estimates take into account the loss of 500 U.S. companies grouped in the stock market SP 500 and 600 European companies listed in the Dow Jones Stoxx 600, said Dexia Securities.

All economic sectors are represented, to finance services through the health, transport, luxury and consumption. We thus find the energy companies ExxonMobil American, French Total, BP, U.S. banks Citigroup and Goldman Sachs, the French BNP Paribas, Barclays, Banco Santander of Spain, the German Deutsche Bank and pharmaceutical companies Merck and Sanofi .