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World famous for its underground parking, Vinci Park would become better known in Moscow. According to the Russian business daily Vedomosti, the group, in collaboration with its partner, the billionaire Arkadi Rotenberg, a close associate of Prime Minister Vladimir Putin has offered his services for the construction of parking in the center of the capital, and extension Moscow metro.

These two proposals, which, according to officials in Moscow, are currently before the town hall. For now, the company manages parking only international airport Sheremetyevo in the north-west of Moscow. But she wants to continue to grow in the country. "Russia is one of our objectives clearly displayed.(..) We have a desire to develop ourselves in this country where the need for parking facilities are very important, "said a spokesman for Vinci, who declined to give further details on the subject.

Demand exceeds supply

Several years ago, the giant French had already proposed to invest $ 300 million (210 million) in the construction of underground parking near subway stations and in the central arteries of the capital (Tverskaya, Lubyanka). "But officials do not have their assigned sites in places as important," the newspaper said. Same for the metro, which is of interest, "which are under state protection."

Previously, the city financed the construction of car parks and subway lines with its budget without resorting to foreign investors.But today, the ability of Russian manufacturers is not enough to complete all projects planned by the city of Moscow. Therefore Vinci "has all these opportunities" to participate in construction programs, the officials commented.

Of large projects

By five years, the mayor of the Russian capital plans to create nearly 2 million parking spaces, and has already launched tenders for the construction of seven parking spaces for a total of 1520 seats. "A place so close to cost 200,000 rubles (500 euros) and will be more beneficial if an investor takes over the construction of a network," says the director of the Department of Antimonopoly Policy of Moscow Gennady Degtev.

As for the extension of twelve subway lines, the mayor of Moscow also has gigantic projects.The plan to build 14 stations expected to open within two years and opening 75 km of new lines paydayloans. To do this, it provides 343 billion rubles (8.5 billion euros) in its budget between 2012 and 2014.

Possible support for Putin

Through collaboration with the contractor Arkadi Rotenberg, Vinci won the 2009 tender to build the first section of the highway Moscow-Saint Petersburg, whose total cost is estimated at 66.081 billion rubles ( 1.65 billion). According to a former official of the Moscow mayor, support Rotenberg, close to Putin, will once again allow the French company won the contract.

The group Vinci has extensive experience in the construction of car parks in the world.He also participated in numerous construction projects in the metro French cities (Paris, Rennes) and abroad (Budapest, Athens, Hong Kong). However, analysts said, one of the main handicaps of Vinci, the lack of experience on the Russian market. And this handicap could be considered by the Russians during the bidding process. Vedomosti also states that the manufacturer Austrian Strabag also plans to get into the race for the extension of the Moscow metro.

The construction of the highway Moscow-Saint Petersburg is controversial

In July 2009, the Russian Federal Agency Rosavtodor decided to entrust the construction of the first section of the highway Moscow-Saint Petersburg (15th to 58th km) to the North-West Concession Company (NWCC), as part of a public-private project.This company is owned 50% by the French Vinci, the remaining capital is shared between the contractor and the fund Arkadi Rotenberg "N-trans." The construction should also be done with funds from the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB) and the funds of Russian banks VEB and Sberbank. Investors in the NWCC received in exchange for the right to operate the highway for 30 years. But the construction project, which started in 2010, has generated considerable controversy among associations of environmental protection because the route of the highway, which passes through a protected forest. Work has been frozen by Russian President Dmitry Medvedev in August 2010 and were resumed in April 2011. After the withdrawal of the EBRD and the EIB, the group Vinci is the only Western participant in this project.

The slowdown in industry was confirmed in France. So much so that the activity in this sector has even contracted in August, according to the leading index prepared by Markit PMI. The latter appears to 49.3 points (against 50.5 in July) this passage below 50 points signals a return to recession in the sector. This is the fourth consecutive monthly decline in French industrial activity. The first time since 2009. "The volume of new orders in manufacturing decreases, the contraction is also most severe for 27 months," Markit analysis.

These figures confirm the slowdown in the second quarter as the government puts the finishing touches on additional measures of rigor.

The overall activity in France continues to grow

The French, however, overall activity continues to increase, to 53.6 points in August (from 53.2 in July), on the strength of services. The services sector recorded the first increase of its activity for three months, to 56.1 points against 54.2 a month earlier. "The increase in the number of new contracts received by service providers is accelerating and shows a high of three months," says Markit.But negative signal, trust services companies about their business prospects over-year declines, to an extent not seen since the crisis began in October 2008.

Whether in the servcies or industry, employment, however, continues to progress with a "rate of creation of posts which falls to its highest level in four months," said Mark. Jack Kennedy, economist at Markit, said further that "despite the growing concern in financial markets about the French debt, growth does not record further deterioration." The horizon is by no means completely clear. The economist considers indeed "likely that growth will remain sluggish in the third quarter."

The activity in the eurozone at their lowest for two years

Throughout the euro area, the overall activity stood at 51.1 points in August, unchanged from July."Growth in the Eurozone recorded a low of two years, the volume of new orders contracting again," said Mark. Services continued to grow at 51.5 points against 51.6 in July. This is its lowest growth since September 2009. At the same time, the industry is stagnating, just under 50 points, to 49.7, against 50.4 in July.

The coming months ahead do not pleasing. The index of business prospects in the service sector recorded its largest decline since October 2008. In industry, the activity should also slow in the short term, according to Markit.

"The private sector activity in the Eurozone only records again in August that a marginal growth, demonstrating for the past few months, the weakest pace of expansion in two years," notes Chris Williamson, economist Chief at Markit.It expects a growth lower than the already weak second quarter to 0.2% was established. He added: "The near stagnation of business in Germany, so far one of the main engines of growth in the euro area, is a source of even greater concern."

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In recent weeks, a new generation of vending machines first appeared in Paris. Located near the Parc des Buttes-Chaumont, the machine offers, 24 and 24 hours seven days a week, fresh bread, sold a euro baguette. One hundred and twenty rods craft, pre-cooked for ten minutes, are placed for maximum seventy-two hours in the refrigerated dispenser. The end of the cooking is done at the pace of demand for ten more minutes. They can then be kept for more than five hours, to ensure consumers of warm bread.

The origin of this world first, as original as vending machines swimwear and sunglasses located at the entrance to the pools, is Jean-Louis Hecht.The baker was able to marry fifties vending, mainly industrial and bakery.

"Small steps slowly"

It all began in 2001 when the contractor completed the first prototype of its distributor, together with a technical school in Moselle. He suggested "small steps small steps" toward a machine patented by the company and assembly of industrial equipment Mecondielle Portuguese. The investment is huge for this baker without the cost of the assembly, the machine comes already at 30,000 euros. Then you would need two hundred and fifty hours of assembly.

The machine, the first of which is in commercial service since January in Moselle, in the other bakery owned by Jean-Louis Hecht, naturally allows to inflate sales, thanks to its opening hours."It is also a strong vehicle for promoting that is not gray at the bakery, says Jean-Louis Hecht. On the contrary, this innovation is a service that complements the baker's trade but do not replace. "

He said it will become indispensable in France and abroad, because of the quality of the product offered and the economic viability extraordinary profits are 30% higher than the store, according to the contractor.

A solution for villages without trade

In Paris, the distributor already sells 80 sticks a day, and Jean-Louis Hecht look forward to go further. The entrepreneur wants to "make the most of" his idea and does not sell his patent. He thinks big and would like to extend it by buying several bakeries and industrial equipment, backed by the facade.

The baker has other ambitions for his vending machine.A consulting firm located in Portugal working on a version independent of any trade, which would be installed in remote locations such as villages, tourist resorts or passage.

With the unmistakable design of his machine, Jean-Louis Hecht even considering creating a string, which spread in the desert regions of all trade, to allow each person to have its traditional fresh baguette every day. He finally claims that his invention has international potential, in Europe or the United States, where consumers are fond of "French baguette."

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Like Wall Street Tuesday night, which has rebounded strongly, and Asian markets Wednesday morning, that show – more moderate – from green, the Paris remains well in positive territory. At the opening at 9 am the Cac 40 rising 1.27% to still 3216.59 points. In London, the FTSE s lead of more than 1.7% in early trade, while the Dax in Frankfurt climbed 2.09% to 5040.68 points.

Investors are relieved by the outcome of the Fed, which ensured that it would extend its monetary policy ultra-accommodating while maintaining zero interest rates until at least mid-2012 and exploring other measures to support economy U.S.. The Fed confirmed that the U.S. economy is in trouble, especially since the deterioration in the debt rating of American long-term.

But the French side, poor statistical stopping the rebound came as the Paris Bourse was trying to afford.French industrial production has displayed sharp decline in June, -1.6% compared to May after a significant increase of 1.9% the previous month, said Wednesday the National Institute of Statistics (INSEE) . In the only manufacturing industry, which excludes mining and construction, production was also significantly decreased in volume compared to May (-1.9%), according to INSEE. She was up sharply in the previous month (+1.4%).

Now that the mood calmed down on the front of the U.S. economy, more eyes turn to Europe, a somewhat forgotten during the American episode, but continues to skate on the issue of debt. But the urgency is "crucial to restore market confidence," stressed the President of the European Council, Herman Van Rompuy.But disagreements between countries are delaying the implementation of the rescue plan agreed in June

U.S. oil stocks on the radar screen

From a macroeconomic point of view, in France, the current account deficit narrowed in June to 3.4 billion euros against 5 Payday advance.5 billion in May, mainly due to a significant decline in the deficit of trade in goods, said Wednesday the Bank of France. The deficit of trade in goods reached 5.8 billion euros (7.5 billion after May) while the surplus in services trade has shown an increase ($ 1.5 billion from $ 0.8 billion) .

This is especially the United States the figures are viewed. Weekly crude inventories will be closely monitored while the oil has again depreciated sharply: Oil prices ended Tuesday to its lowest level since September 29, 2010, yielding about 2.5% in New York under the $ 80.At 20 hours, will be published the figures of budget execution in July.

GDF Suez profits down 23%

Values ​​on the forehead, the only value of the Paris stock to remain in Sanofi ke deckhouse is: -0.06% to 47.23 euros.

Note that GDF Suez (3.40% to 20.70 euros) issued a net profit down 23% to 2.74 billion euros in the first half of 2011. Mestrallet, interviewed by Le Figaro on Wednesday that his group believes in the process of deleveraging, which has signed a strategic partnership with China, is well equipped to benefit from growth in emerging markets.

Bourbon (5.90% to 23.34 euros) Wednesday reported a sharp increase in sales in the first half thanks to the continued improvement in the utilization of its fleet of bottom of market recovery.

Scor (3.16% to 15.81 euros) announced in a statement that it has completed the acquisition of the mortality of Transamerica Re, a division of AEGON, and it took effect from Wednesday. The amount of the transaction announced April 26 totaled 912.5 million dollars, said Scor.

Atari (17.69% to 1.73 euro) said Tuesday it has completed the sale of development studio at Cryptic Studios games Chinese Perfect World, listed in the U.S., for gross proceeds of approximately 35 million euros.

International equity markets, Asia and Europe have already received the news by frank morning hikes. The main interest, Wall Street opens therefore no surprise to any one as beautiful flight. Picking colors after yielding over 4% last week, which will remain the worst of the year, the Dow began the week up 1.10% at 12,277 points. Standard & Poor's 500 and Nasdaq 100 rose in turn respectively from 0.86% to 1303 points and 2785 points to 1.05%.

It is in extremis, on the night of Sunday, which is reached an agreement on raising the ceiling of U.S. debt, after a speech critical of President Barack Obama.Two days before the deadline set by the U.S. Treasury, the stakes were high: without this increase, at least 2.1 trillion dollars, the United States, on the edge of default, could sow the wind panic on financial markets.

Barack Obama has managed to generate compelling reconciliation of Democrats and Republicans on this agreement, investors now hope to see a bill passed in the coming days. A condition that Congress gives the green light, no later than Tuesday night.

No one knows for how to react, however, the rating agencies. Despite the compromise finally reached on the debt, the loss by the United States, their AAA rating is not excluded and would have severe repercussions on the economy and markets.

Meanwhile, oil prices rose sharply, driven by the announcement of the agreement.On the New York Mercantile Exchange (Nymex), a barrel of "light sweet crude" for September delivery was trading at 98.18 dollars, up 2.48 dollars compared to the previous day.

Industrial activity and construction spending

At the macroeconomic agenda of the first Monday of August, the ISM manufacturing index for July will be announced (expected at 54.4 according to a consensus of analysts), together with expenses building for the month of June (+0.1% expected).

This week, analysts said Aurel BGC, "investors will focus on indicators confirming whether a rebound in growth. In view of the latest indicators movement is far from certain. Surveys of business advocate for a regional downturn in the ISM manufacturing index for July, which will be released today.Auto sales (Tuesday) and retail sales side of Wall Street in July will also be eagerly awaited. Finally, this weekend, the employment figures will be released by the BLS. They will be very affected by the lay-off of 20,000 staff in the State of Minnesota. "

73% of companies did better than expected

The European steelmaker ArcelorMittal and U.S. mining company Peabody Energy (0.73% to 57.89 dollars) on Monday made a hostile bid on the Australian Macarthur about 4.7 billion Australian (about 3, 6 billion euros), after the failure of talks to reach an amicable agreement.The board of Australian mining group declined Monday to support the joint bid from ArcelorMittal and Peabody to 15.50 dollars per share.

The title of the American manufacturer Ford (2.54% to 12.52 dollars) could take 25% as the group reduced its debt, is launching new models and trying to expand in China and India where he remained late over its competitors, said Monday the magazine Barron's.

Shares of online retail Amazon.com (1.75% to 226.41 dollars), which is just below its record high, could earn 10% to 25% if the investment result rapid growth of its retail operations, cloud-computing and Kindle reading light, said Monday the magazine Barron's.

The railway company of the UAE, Etihad Rail, said Monday it has ordered seven locomotives Electro-Motive Diesel, a subsidiary of U.S. manufacturer of construction equipment Caterpillar (2.36% to 101.13 dollars).

On the corporate side, after Merck (+0.03% to 34.10 dollars) and Chevron (1.57% to 105.67 dollars), which published its quarterly results Friday, the ball of publications in the U.S. coming to an end. Nearly 65% ​​of companies have indeed published their findings in the U.S. and 73% reported earnings above expectations.

Among the publications planned the first week of August, include those closely watched CBS, Cephalon, and Pfizer (Tuesday). Will be followed by Comcast, Time Warner and Mastercard (Wednesday). Then, Kraft Foods (Thursday), Procter & Gamble and Viacom (Friday).

Greece Is in default? For Baroin and Valerie Pécresse, the answer is no. The Minister of Economy, interviewed on RTL on Friday morning, and budget minister, responding to RMC, however, swept this term used by many analysts in the wake of the passage of the bailout of the country, which provides including an extension of the term loan to Greece and lower borrowing rates. "This track is discarded because it would result in the destabilization of the deep zone," said Baroin. "These are not the words we use. Greece will repay its debt, "added Valerie Pécresse.

According to the Minister of Economy, the "partial failure" is that "legal characterization" that rating agencies could use in the coming days. "They will do what they want," says he.The derivatives market professionals, meeting within the International Swaps and Derivatives Association "(ISDA), should just meet in the coming days," probably "even today, to determine whether the new aid plan Greece is a "credit event".

Whatever their decision, Baroin determines that the plan provides an adequate response to address the situation: "This plan is a firewall. There will be the Central Bank to play its role as lender and the European Financial Stability Fund (EFSF), more flexible, which will intervene to prevent attacks by speculators. "

Banks will no longer be sought in the future

For the Minister of Economy, the agreement reached in Brussels provides answers "exceptional, deep, powerful, durable giving guarantees to Greece to support the continuity of its delivery to an acceptable level.""This is a response to avoid any risk of infection by a public-private and technical arrangements for the European fund, which also outlines the future prospects of the future European economic governance," he added. Regarding private sector involvement, the economy minister reiterated that private creditors are not required to save other countries in the euro area. "This is not one second that the private sector finds himself called for a voluntary basis for Portugal, Ireland, which are two other countries in the European assistance," he said firmly.

"Many things have changed yesterday. It was a real go of history which gives a more stable Europe, "said Baroin. Valérie Pécresse also welcomes the "Instrument for Stability" what happened to the EFSF, "beginning of a European Monetary Fund."She said the new rescue plan was necessary to "save and protect the euro." "This is a reference currency that allows France to have the confidence of investors. If we had dropped Greece, it was the French who would have paid, "she says.

The government spokesman also announced that "the Prime Minister will receive all 11 hours of national representation: the Senate president, the president of the National Assembly, the chairmen of Finance, European Affairs to present the rescue plan for Greece, which was adopted yesterday and tell them the consequences for France. "

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European banks may need to raise 80 billion euros, to reassure the markets. A report by JPMorgan Cazenove, led by analyst Kian Abouhossein, estimates that if the level of reserve requirements is strictly adhered to 7%, nearly two banks will raise new money. French banks Societe Generale, BNP Paribas and Credit Agricole would need twenty billion.After the publication of this note, banking stocks are displayed among the largest declines in the Cac 40: while the benchmark index of the Paris Stock Exchange was down 1.13% to 10.30, Credit Agricole wipes a drop of 1.77%, BNP Paribas was down 2.05% and Societe Generale lost 3.08%.

But French banks are not the only ones to be shamed by JPMorgan Cazenove, which encrypts needs capital to 25 billion euros for UK institutions and 14 billion euros for German lenders, including Deutsche Bank . The Italian UniCredit, Credit Suisse and Santander are also cited in the report.

This study revealed the results of stress tests published last Friday by the EBA.These tests, built on capital requirements as 5%, entered into a need to refinance 2.5 billion euros for eight of the 90 banks assessed, including any French. But investors believe these tests inadequate, particularly criticizing for not sufficiently taken into account the default risk in Greece. JPMorgan Cazenove said the criticism in his study, indicating that these stress tests have "limited value".

The evolution of banking stocks on European stock markets will be very observed on Monday morning to find Investors Arbitration between the reassuring results of stress tests and numerical study of JPMorgan. In March, ratings agency Standard & Poor's had conducted its own tests of resistance.His conclusion: European banks would need 250 billion euros of additional capital.

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Objective: London Olympics 2012! The challenge is ambitious Laure Manaudou but probably not impossible. "She recovered in the skin of a champion," said Gilles Portelli, CEO of Havas Sports & Entertainment. Absent from the basins since September 18, 2009, the swimming is preparing to make his comeback this Thursday in Athens to the United States. She has eight months to return to competitive, qualified for the Olympics taking place in mid-March. His former mentor, Philippe Lucas, believes it. "It's a good thing for French sport. It changed, it is a mother. She has thought through many things. Swimming was missing.

The importance of achieving good performance will depend in fact a new interest of major sponsors (Lancel, EDF, Arena, among others) who have stopped working when she announced her retirement. These contracts Lancel, EDF Arena and allowed him to reach about three million euros per year between 2007 and 2009. Reportedly, the contract of sponsorship with the chairman of PPR, through his holding company Artemis, who reported one million euros per year, is suspended and not broken. Discussions are therefore underway between the two parties to try to bring back Laure Manaudou and Francois Pinault.But suddenly, its value would decline significantly Advertising (LPG contract with him would bring 200 million euros per year). Necessarily all brands can not match the prices of luxury brands. " Most experts interviewed do not believe that the financial aspect is the main motivation behind this "comeback". "She would have stopped swimming in this case," explains Gilles Portella.

After accumulating the gold medals like pearls and posted disappointing results, shaken by romantic escapades, Laure Manaudou is trying to write a new story of his sporting career. "She now has a stable life, a companion who is immersed in the world of swimming (Frederick Bousquet) and one child (a little old Manon a little over a year). The risk of "relapse" is lower, "said François Guyot. But not nonexistent.

Pierre-Antoine Dusoulier, the head of Saxo Bank

Overtax businesses too generous with their leaders. The idea was launched by Prime Minister Francois Fillon in an interview published Saturday in Nice Matin: "With the government, I think about a device that is to overtax the companies issuing exorbitant fees."

The head of government is responding to the proposal of Xavier Bertrand, Minister of Labour and Employment, to "tax" or "frame" the "extravagant salaries." It lampooned in an interview published Thursday by Les Echos code of conduct drawn up on the subject of big salaries. "Write a code of conduct is good. The enforcement is better, "he said. Considering that some large companies did not comply with these principles, the Minister has threatened to legislate on the issue.

Shocked by some earnings

In Nice Matin, François Fillon rejects such an approach in trying to punish companies through a tax rather than the bosses through a ceiling unsurpassable. If it says "shocked" by some remuneration of senior executives, the Prime Minister "not [believe] not the regulation of wages for some totally disconnected from economic reality of the business and wage negotiations." However, he called the companies to regulate themselves. If they do not, the government will make decisions, he added.

The salaries of officers of the CAC 40 rose 19% in 2010 compared to 2011 according to a study of the expansion. Their average salary was 4.2 million.And increases do not always correspond to performance industrial markets.

No revaluation of the minimum wage

François Fillon said in the same interview in Nice morning that there would be no boost given to the minimum wage at its next revaluation. "Today, it would be an economic mistake. This will overwrite the hierarchy of wages and would drive up labor costs and thus unemployment, "he justified.

François Fillon has argued that "before 2000, the labor cost of products manufactured in France was on average 15% cheaper than in Germany."However, "since the 35 hours, this advantage was lost in some sectors such as agriculture and services, we are overtaking Germany," he said.

According to the Ministry of Labour and Employment, the next automatic adjustment of minimum wage-price inflation when the achieved 2% since the previous revaluation, "could take place" in August.

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