To this end, she had set the goal of lowering rapidly than 5% of the costs CIB. Plans job cuts had been launched in Romania, Poland, Egypt and Russia.

Before the General Society, Italian UniCredit, the British HSBC and Barclays, Credit Suisse or Bank of America announced this summer plans job cuts payday loans guaranteed no fax.

Employees of BNP Paribas will be set for their Wednesday morning on their fate: the management of the bank called a central works council (CEC) to present its own special plan to cut staff in France.

Strategies in all were very pessimistic about the euro a month ago have adopted more moderate judgments fast cash now. "European politicians have given themselves time to solve problems. While Greece is in trouble but it still has until mid-December to collect the necessary financial support, "said John Kicklighter, Currency Strategist at DailyFX.

At Saxo Bank, comments are more incisive. "The sharp depreciation of the euro against the dollar mainly due to the renewed concern about the Italian debt.

The switch left the Senate finally adopted complicated "as" the social security budget. The Social Affairs Committee on Wednesday rejected a text "needy, irresponsible and unrealistic." For the communist president Annie David, this budget marks "a return to the cessation of the corporate balance" with a deficit projected at 18.2 billion in 2012.

After losing 1.70% yesterday, the Tokyo Stock Exchange Wednesday morning unscrewed at the close of 2.21% to 8640.42 points. Same atmosphere on Chinese stock markets: the Hang Seng in Hong Kong lost 0.92% to 19,192.70 points and the CSI 300 Index of Shanghai fell by 0.63% to 2680.49 points. "The Greek opinion is not favorable at the European level that includes austerity measures. Optimism prevailed before the G20 summit has faded, "said Fumiyuki Nakanishi, a broker at SMBC Friend Securities.The euro fell by 0.07% to 107.20 yen and the dollar fell by 0.32% to 78.12 yen.

Oil retreats

Oil prices were down Wednesday in Asia after the announcement of a referendum in Greece that could jeopardize the settlement of the debt crisis in Europe, said the courtiers.Le barrel of "light sweet crude" for delivery in December lost 74 cents to 91.45 dollars in early electronic trading. Barrel of Brent North Sea crude for December delivery gave up 59 cents to 108.95 dollars.

Latest estimates from the European Commission, the great Italian rival, the only one that can steal the top spot of the podium in France, saw its production drop by 17% to 42 Mhl. The proliferation of uprooting explains much of this performance-cons. Spain, meanwhile, was down 9% to 36.5 Mhl.Last year, at the same time, the cooperative had requested an increase of "at least 10%" rates, while the treasury operations were nearly 80% in the red paperless payday loans. This objective was met or exceeded. "The producers have done well: the price of wine out of the property, that is to say, those paid to producers have risen to 15% and even 20%," says Denis Verdier. It is mostly entry-level wines that benefited from the largest increases. Consumer side, "the increases were controlled by large retailers who had not passed on the cuts in previous years," said Denis Verdier.

In the difficult years should succeed to catch up needed for producers who can smile again after three years of crisis.

Medical nutrition business is the most misunderstood of Danone, which represents only a third of sales of Activia. In annual growth of 10% in four years is the most profitable activity of the group.One that Franck Riboud, Danone CEO, says she has "tremendous potential mechanical unstoppable" because of the aging world population, the spread of diseases such as diabetes and allergies, or the progression of plagues such as cancer and Alzheimer's disease.

This is a world market for $ 8 billion still focus on Europe and the United States. A new hunting ground for agribusiness payday loan lenders. Danone and Nestle also covet the nutrition branch of Pfizer. "We are halfway between food and pharmaceuticals, says Flemming Morgan, claiming first place in Europe at Abbott and Nestle. We develop our products with a pharmaceutical approach, but they are nevertheless food.This is not about to replace drugs but to provide complementary solutions. "Danone has brought his knowledge of consumer tastes and textures by improving products.

Specific segments

These are not sold in supermarkets but in half pharmacies generally prescribed and reimbursed. Administered orally or by means of a tube or a tube, they are also prescribed in hospitals and nursing homes. Faced with GPs overwhelmed and poorly trained in nutrition, Danone is betting on its relations with researchers or with associations to serve as opinion leaders.

Danone has chosen to focus on specific segments. Neocate Infant with his powder, it offers an alternative to milk for babies allergic to cow's milk.

The body responsible for regulating the banking sector would have directly challenged the previous management but also the leaders still in office. The report was quoted as saying, "number of findings concerning mechanisms for managing derivative positions are likely to contravene the regulations." Regulators cite "in 2007 and until 2008, the disclosure of Dexia Credit Local has remained evasive about the increasing risks, including the CEO and directors were aware. She ignored the violations of regulations and monitoring liquidity risk. "And the report says "the information to the public was not accurate, precise and sincere."

These omissions or falsehoods for the purchase of a portfolio of bonds and speculative securities amounting to 100 billion euros, an "illogical financing local government, the report quoted by Liberation. Regulators also suggest a failure on the part of the Dexia value of this portfolio of assets, both at the time of purchase as to resale. Worse, the leadership in place deliberately magnified the value of assets. The "overvaluation is estimated at at least 2 billion euros." Auditors such as Deloitte and Mazars have closed their eyes, the report said.

Loans to shareholders to purchase securities

The management team in place is also not spared.In a letter dated September 4, 2009, the report stresses that "the director of the institution has provided an underestimation of the volume of transactions."

Meanwhile, the Financial Timesaffirme that Dexia has paid 1.5 billion euros in its first two institutional shareholders before 2008 so that they carry out acquisitions of securities of the Franco-Belgian bank. But Dexia would, at the time, not breaking the law then in effect. The question is whether the court will examine the case Dexia.

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Meanwhile investors remain focused on company results and the problems of sovereign debt in Europe. After the warning on the sovereign rating of France, Moody's downgraded by two notches on Tuesday night the note of Spain. This goes from A1 to Aa2 with negative outlook. The rating agency believes that the country remains vulnerable to difficulties in credit markets.In addition, Moody's does not exclude a further reduction if the crisis worsens in the euro area.

Paris and Berlin would be willing to strengthen the stability fund

Rumors press reported an agreement between France and Germany to increase the capacity of European Financial Stability Fund (EFSF) to 2000 billion. But European officials have denied the existence of a formal agreement. This issue should be at the heart of the EU summit on Sunday. Yesterday, however, German Chancellor Angela Merkel reiterated that the top of Sunday should be an "important step" but that the crisis can not be resolved "in a single peak."

At the macroeconomic level, housing starts in the U.S. rebounded strongly in September (15%), driven by the community housing sector, according to figures released Wednesday in Washington by the Department of Commerce.The consumer prices increased in September (0.3%) for the third consecutive month, continuing to erode the purchasing power of households. Investors will also monitor the weekly report on Wednesday oil stocks.

On the foreign exchange market, the European currency climbed to 0.60% in mid-session 1.3825 dollars against 1.3752 dollars late Tuesday.Oil, however, is more mixed.

The barrel of "light sweet crude" for November delivery lost four hundred, to 88.30 dollars a barrel while Brent North Sea crude for December delivery was appreciating by 13 cents to 111.28 dollars.

Mixed results

• Morgan Stanley (2.77% to 17.09 dollars)

The bank on Wednesday reported a profit of $ 2.2 billion in the third quarter against a loss a year earlier, along with a sales increase, both worn by an accounting adjustment.

• AMR (-7.80% to 2.60 dollars)

The parent of the airline American Airlines, announced Wednesday a net loss of $ 162 million for the third quarter, stronger than expected, partly attributed to rising fuel prices no fax payday advances.

• United Technologies (-0.39% to 73.83 dollars)

Technology Group has announced a 10.5% increase in profit to 1.32 billion in the third quarter and raised its forecast for annual results.

• Abbott Laboratories (4.50% to 54.80 dollars)

The health group will split into two listed companies, one centered on the biotechnology and pharmaceutical drugs, the other on medical devices, diagnostics, nutritional supplements and generic drugs, announced the laboratory management.

After the close of Wall Street, Tuesday, several big names from the coast, including three technology giants Apple, Intel and Yahoo! have announced their quarterly results.

• Apple (-5.17% to 400.41 dollars)

The company issued a apple annual net profit up 85% to 25.22 billion dollars but less than market expectations, with a fourth quarter hit by the slowdown in sales of iPhones. The turnover stood at $ 28.3 billion against $ 29.6 billion expected. The firm at the apple has sold 17 million iPhones during the quarter (as against 20 million expected), 4.89 million Mac computers (4.4 million expected) and 11.12 million iPads. For the current quarter, the group of Cupertino expects earnings per share of 9.3 dollars against 9.02 dollars estimated by analysts.

• Intel (4.40% to 24.43 dollars)

Micoprocesseurs a giant in the third quarter against a BPAD $ 0.65 $ 0.61 expected and $ 0.52 last year.The turnover stood at 14.23 billion against $ 13.87 billion a year earlier. The group also increased the amount of its share repurchase program to $ 10 billion.

• Yahoo! (4.46% to 16.16 dollars)

The engine iinternet published for the third quarter EPS of $ 0.21 against $ 0.17 expected. The revenue excluding traffic acquisition costs amounted to $ 1.07 billion, as expected. For the current quarter, the company expects a turnover of 1.13 billion dollars against 1.24 billion expected by analysts.

• Cree (-8.17% to 25.52 dollars) has reported a turnover of 269 million dollars in the first quarter of 2011/2012, stable over one year. Net income fell 58% to 28 million.For the current quarter, Cree expects a net profit of 29-33 million.

• CSX (1.63% to 21.05 dollars)

The group of small electrical equipment achieved a turnover up 11% to $ 2.96 billion. Net income was $ 464 million against $ 414 million a year earlier.

After the close American Express and eBay announce their figures.

With his experience of eight years at the head of the institution, who was also governor of the Banque de France, has recommended that Europeans hear the messages addressed to them. His advice? First, be "extra vigilant" with regard to public finances. Rejecting the idea that the euro area and its currency are "threatened" by the crisis, it nevertheless stated that "all countries without exception must be extremely careful." "Protect yourself rather than cure," he summarized, adding that "it depends on us that we can have the least slower growth."

Then you have to "think about the future," stressed the President of the ECB. "Tomorrow, I think we need to change the treaty to be able to prevent a member of the euro area to roam and create problems for everyone else," he said, referring to the Greek crisis that Europe in a hard to control. He called for a reform that would make the European Council "able to impose decisions" in a country slide, with "possible sanctions".

It includes some of the "outraged"

"We must strengthen the management and governance of globalization in all fields," he also said in reacting to the movement of indignation that spreads in several major cities."There are obviously a number of lessons from the crisis that the lessons are harsh: it is not possible to leave a financial system and consequently a global economic system that is as fragile." This does not mean "demolish" the banks, he insisted, recalling that "pay three-quarters of the economy."

That he referred to as de-globalization theme is in vogue right now, as advocated by the Socialist-Arnaud Montebourg, and one can imagine Jean-Claude Trichet tense in his chair … and find that it is a call to strengthening of global economic governance.

Furious at the sudden media exposure of Liu – they consider a "criminal" – Chinese authorities have in fact increased the veterinary strengthened against Norwegian salmon. The AFP ensures that the health tests are so extensive that these fish end up rotting in warehouses.

Result, exports of Norwegian salmon in China have fallen by half during the first eight months of 2011, Oslo hoped an increase of at least 30%. Three figures sum up the confusion of Scandinavian fishermen. December 2010, the date of the ceremony: 1000 tons sold. January 2011: 315 tonnes. February 2011, 75 tonnes.Norwegian exporters have tried to go through Hong Kong, but this shortcut stale quickly resulted in an impasse.

The operation antisaumon is very symbolic, since the other Chinese imports from Norway were up by 16% because of higher commodity prices. It is true that to meet their urgent needs of the Chinese energy resources are much less fussy.