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Air France wants to travel light. The company expects 4390 departures without layoffs by March 2013, a reduction of 16% of its workforce compared to March 2008, according, based on a document of the Central Works Company.

No social plan, but hiring jellies, retirement and not replaced quits 1765 people. In total, the Company should have 2436 employees under the 2010-2011 fiscal year (which ends in late March 2011), 834 the following year, and 1121 in 2012-2013.

Between the beginning of the crisis in 2008 and 2013, it will be 9312 jobs will be eliminated, according to La Tribune. Hardest hit will be the ground staff, including 3,200 voluntary redundancies. The anticipated staffing needs for 2013 by the company found to be superior to the number of voluntary redundancies planned.The pilot should then be so redundant and ground staff and cabin light should be hitting understaffed.

This Wednesday should be placed under the sign of the decline in Paris at the opening, according to the indices that predict a future decline of 1.2% in early trade, and while the CAC 40 seems to resist breathlessness on ambient exchanges.

The leading index has managed to maintain the 3,700 points on Tuesday evening, but the threshold should not take from the gong.

In Europe, stock markets have made concessions on Tuesday after nine sessions chained up on. Announcing the easing of exchange rate policy of China, made Saturday, had pushed world stock markets Monday. The first steps in this direction have been given yesterday and Wednesday, with two cuts in a row the central rate against the dollar. But in exchange, the effect was short-lived. And on Wall Street, poor statistics on the front of the immmobilier has cast a chill on the market.So, this morning, the main financial centers of the Asia-Pacific are following suit.

At around 7:30 on Wednesday, the euro is at equilibrium after fell Tuesday. This rating 1.2270 dollar.

Economic News Authority

In France, the business climate in the French manufacturing industry fell slightly in June, according to the business survey released Wednesday by the INSEE. The synthetic indicator has lost two points to 95, its first decline since February, when economists on average expected stability.

At noon, the Court of Auditors present its report on the situation and prospects of public finances.

In Germany, the GfK consumer barometer, always watched closely, will be visible at 8:10.

In the euro area, the first estimate of the PMI will be unveiled at 10:00.

And the United States, 16 hours, will be made public promises of home sales for the month of May, after a bad real estate statistics published in the ninth Tuesday: – 2.2% in volume last month, to 5.66 million units annualized.

The traditional weekly crude inventories will be available at 16:30.

Finally, this evening after 20 hours, the Monetary Policy Committee of the Fed will issue its statement.Highly regarded by investors, note any change in the discourse of the Federal Reserve.

The rate strategists believe that Societe Generale U.S. Federal Reserve will raise its rates faster and stronger than expected by the market and call for caution on U.S. government bonds.

Societe Generale wants to Kerviel lost 4.9 billion

Societe Generale will call Wednesday Kerviel just 4.9 billion euros in damages, a record amount corresponding to the loss she attributes to "fraud" of its former trader. Yesterday, the former CEO of Societe Generale, Daniel Bouton, has admitted "failures in the control of the bank during his testimony before the Tribunal of Paris.

L'Oreal Paul Bulcke, Nestlé CEO, said in an interview with Reuters that his group had no plans to change the status quo in the capital of the world's number one cosmetics line with the Pact of shareholders that binds to the Bettencourt family.

Alstom Alstom and Areva does not want to marry with Areva. "To dance the tango, it takes two. Areva does not really want to dance. We no longer so eager to dance ourselves, "Patrick said Tuesday Kron, Alstom's Chairman, at the general meeting of shareholders.

Total Total and oil stocks are worthy of attention.The International Atomic Energy Agency (IEA) publishes 10:30 prospects of markets for oil and gas.

ArcelorMittal the world's number one steel company, announced Tuesday that the apparent demand and actual demand for steel would remain positive in the second half of the year, even if they should show a slowdown during this period. Lakshmi Mittal, the CEO that the slowdown in demand was due to seasonal reasons. The boss also said he did not think the steel industry return to its pre-crisis level until 2012.

EADS Airbus forecasts a near-doubling of its production of A320 aircraft in China, 48 aircraft in 2012, said Zhao Haishan, an official of the manufacturer in Tianjin in the north, was quoted by the Xinhua News Agency .

The group Vivendi has denied an Indian newspaper Economic Information Times that he is in talks with Reliance Communications to take a 26% in the second mobile operator in India. [

Insurance Axa, CNP, Scor … : Values of insurance will also be regarded as the French Federation of Insurance Companies (FFSA) releases on the market situation and its prospects.

Banks The banking sector remains to be monitored throughout the session. On Tuesday, he suffered a spate of bad news.In addition to degradation of the note in the long-term debt, BNP Paribas, Credit Agricole said the cost of risk on its Greek subsidiary Emporiki would weigh 450 million euros more than expected. The BNP Paribas has yielded 1.92% and that of Crédit Agricole SA 4.69%.

Discussions on a tax credit and tighter prudential rules also weighed.

The Renault-Nissan automaker Nissan CEO Carlos Ghosn, said he received 890 million yen (8 million euros at current exchange rates) for 2009-2010, making him one of best paid bosses in Japan. Carlos Ghosn made the announcement at the annual general meeting of shareholders of the Japanese group, held Wednesday in Yokohama (Tokyo area).This does not include fees paid 1.24 million euros in 2009 he has received as CEO of the automaker Renault, Nissan's largest shareholder with 45.7% of the securities.

Peugeot Peugeot Italy said Tuesday it has signed an agreement with Sorgenia first private operator in the Italian electricity market created and controlled by Rodolfo De Benedetti, for the launch of its Ion Electric Vehicle in Italy.

France Telecom, the company announced Tuesday it would invest about 515 million euros over the next five years in its network in Switzerland a few weeks after abandoning its planned merger with Sunrise, blocked by the competition authority of the country .

Nexity Group has announced the launch of its buyback program of up to 4.5% of its share capital, which will be followed by cancellation of shares they have acquired as well.This operation is designed to optimize the management of the group's balance sheet.

A symbolic announcement just days before the opening of the G20 summit in Toronto. The People's Bank of China, the Chinese central bank, announced Saturday that it had decided to continue the reform of the mechanism of the exchange rate of the renminbi (yuan's other name) in order to "increase the flexibility .

"The world economy is recovering gradually. The recovery and rebound of the Chinese economy is increasingly confirmed, leading to greater economic stability, "argued the central bank in a statement published in English on its website. "It is therefore advisable to take the reform of RMB exchange rate."

Since summer 2008, the yuan has remained stuck at around 6.83 against the dollar, fluctuating within a very narrow margin vis-à-vis the greenback.A contentious issue between China and its trading partners, most notably the United States, who believe that the yuan is undervalued, allowing Beijing to sell its products for export at very competitive prices.

In a letter to heads of State and Government of the G20 on Friday, President Barack Obama had given the record of the yuan on the table, a reference to it. "I also want to stress that exchange rates determined by the market are essential to global economic vitality," he wrote in his letter.

China has always rejected international pressure. The Deputy Foreign Minister, Cui, had also insisted on Friday that the issue of the yuan would not be up for discussion G20 payday loan companies. "The renminbi is the currency of China.This is not something that the international community needs to discuss, "he told a joint press conference with Zhang Tao, head of international department of the Central Bank.

A move immediately welcomed

Announcing this on Saturday continued reform of the yuan, the central bank has focused on "China's efforts to encourage a global rebalancing. The institution has admitted that the "special policy" introduced by Beijing in the heart of the global financial crisis had perhaps more reason to be in a context of economic recovery, but recalled however that "the stability of the yuan has played a major role in mitigating the impact of the crisis, which has contributed significantly to the recovery in Asia and the world.On the other hand, the central bank has insisted that the gradual return to a flexible exchange rate of the currency does not mean "great changes or major changes, namely a re-evaluation.

The gesture was appreciated nonetheless. Timothy Geithner, U.S. Treasury Secretary, said in a statement that the reform of the yuan could make a "positive contribution" to global growth. "We welcome the decision by China to strengthen the flexibility of its exchange rate," he said. The Director General of the International Monetary Fund (IMF), Dominique Strauss-Kahn also found that Beijing's decision was "very encouraging".

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"No, no, no, no. By repeating his answer, Nicolas Sarkozy has made to assert emphatically that the fate of Spain was absolutely no concern for him and for all European leaders, meeting in Brussels on Thursday. "No, there is no concern. We fully trust the Spanish authorities. There is no problem, "he said. The French president and wanted to put an end to rumors suggesting that the country of Jose Luis Rodriguez Zapatero will soon get similar assistance to that granted to Greece.

The Spanish head of government has also dismissed the "unfounded rumors" about the fragility of the Spanish financial sector."There is nothing better than transparency to demonstrate creditworthiness, to give confidence," he said.

"This is an analysis that we have 27 to make, which is shared by the IMF, the European Central Bank and the European Commission, Nicolas Sarkozy repeated. "I prefer to make this short answer. Otherwise, I can already foresee the reaction of markets, "has entertained the head of state.

"Defining an Economic Strategy"

The president has focused instead on the organization and objectives of European economic government for which he pleads with Angela Merkel. "It is legitimate that the Heads of State to take decisions in that they have an interministerial allowing them to make decisions in matters of competitiveness," he says, while the Commission President José Manuel Barroso, the European Commission wants to have its say."The Commission has a prominent role but is not she who is in charge of such decisions," decided the President of the Republic.

"The idea of economic government does not only address budget. It will develop a strategy for competitiveness, covering topics such as research, law office, universities, a strong and sustainable growth, "said Nicolas Sarkozy. "We are only at the beginning of the concept. The words 'economic governance' were taboo still four months ago. But the idea is gaining ground, "he was glad.

The tax credit is gaining

In addition to this question, the president addressed a wide consensus about the tax credit. This will be applied in European countries, in order to "contribute towards a fund to ensure that taxpayers and investors that what happened will not happen again," said Nicolas Sarkozy.Regarding the tax on financial transactions or financial markets, "the issue is unresolved. We will make decisions based on the major players in the G20. The idea of a tax will indeed be defended by the European Union at the summit to be held late June in Toronto. "This is a major challenge, but the fee must be applied to the global scale for more efficient," said President of the Republic.

In the field of transparency, the Council also decided that the results of stress tests (stress test) will be issued, bank by bank, in all countries before the end of July. "And in order to avoid new psychodrama.

Strengthened sanctions in the euro area

Concerning the Stability Pact, the European Council decided that it should be strengthened for greater "financial stability"."There will be penalties for those who do not respect the commitments on debt. The fine is not the best solution. With Angela Merkel, we uphold the suspension of voting rights.

Not to mention consenus on this last point, the head of state has simply stated that "several countries have requested that the penalties are the same for all members." Nicolas Sarkozy also said that "sanctions and obligations must be more important for countries in the euro area. The European Council President Herman Van Rompuy should give more detail on this subject in October.

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The U.S. stock markets resumed their minds on Thursday. The Dow Jones climbed 2.76% and the Nasdaq gained 2.79%, to clôtire the NYSE. Wednesday, after long hesitation which direction to take, Wall Street slipped into the red at the very end of the session. At the finish, the Dow Jones lost 0.41% and the Nasdaq 0.57%.

The chairman of the Fed, Ben Bernanke was upbeat about the economy of his country Wednesday, despite the difficulties of Europe and the latest figures, disappointing employment in the United States. Ben Bernanke said before the Budget Committee of the House of Representatives that the economy should grow at a rapid pace in 2010 and accelerate slightly in 2011.Published yesterday, the Fed's Beige Book confirmed an increase in economic activity in the United States without signs of inflation, reinforcing the idea that the Fed is in no hurry to raise interest rates.

On the foreign exchange market, the euro shows a renewed nete against the dollar, worth U.S. $ 1.2098 (0.92%), around 15h40, due to a lull in all markets, on the eve the monthly meeting of the European Central Bank. The European Central Bank (ECB) is today holding its monthly monetary policy meeting.

After the disappointment of last Friday on the employment figures, investors should pay particular attention to weekly figures for unemployment benefits that are to be published today.

Meanwhile operators should welcome the trade surplus of China.China recorded a trade surplus of 19.53 billion in May, against 1.68 billion in April, with exports up 48.5% year on year last month and imports rose 48.3 %, according to official statistics published today.

From the values listed, shares of BP, listed in New York should remain under pressure. The day before, they have continued to drift, plunging more than 15% to their lowest level in 14 years, in the wake of the London listing.

The Internet giant Google has criticized the new rules governing advertising on the multifunctional phone from Apple, the iPhone, saying they could prevent him from receiving income on this unit.

A few days after the publication of a sales soaring and better than expected, Ghosn perfect its operation seduction. The CEO of the automaker, which suffered heavy losses last year with 3.1 billion euros of losses, it is one of the most important sector, pledged on Friday at the annual Shareholders' return in the green "no later than 2011.

A challenge for the "cost killer" at Nissan, the shareholders re-elected for four years without surprise at the head of the automaker. Five years after its accession to the presidency of the group, the economic conditions in 2010 should however be difficult. The scheduled shutdown of the scrappage scheme in particular, should not contribute to boost the profits of Renault, who anticipates a decline of 10% of the European market this year.

"The club small groups producing more than 7 million cars a year"

To find the flexibility brought by the loan of 6 billion euros granted by the state earlier this year, Ghosn has also committed to the shareholders to repay that money more quickly than expected, it ie before the year 2014 Guaranteed fast personal loans. "We will refund well before the deadline and we will refund if possible in concert with our friends at PSA," he said. The lion brand was in effect at the time assisted the same amount.

The manufacturer expects to have the freedom again to close and installing production units it wants to reduce its costs.One recalls the intervention of Nicolas Sarkozy to stop the entire production of the Clio in Turkey …

Carlos Gohn finally defended the recent alliance with Daimler, well received by analysts but with more caution by the shareholders of a German manufacturer of luxury cars. "With Daimler, we enter into the restricted club of groups producing more than 7 million cars a year," argued the head of the corporation.

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The International Monetary Fund (IMF) Wednesday nudged up its forecast for global growth but said the risks to the recovery, particularly the developed countries' public debt and imbalances in capital flows. In fact, the institution has maintained its growth forecast for the eurozone to 1% in 2010, while stressing the fragility of the recovery against the risk of the Greek budget crisis and its possible contagion effects.

In its "World Economic Outlook, the IMF now expects growth of 4.2% against 3.9% estimated in January. The forecast of +4.3% for 2011 is unchanged. In 2009, world GDP had declined by 0.6%.

"The recovery of the global economy has developed better than expected," said Fund."The activity recovers at different rates, timidly in many advanced countries, but strong in most emerging and developing," he noted.

Growth will be slower in Europe (1% in the euro area, 1.3% in the United Kingdom) and Japan (1.9%). It would be higher in contrast to the United States (3.1%). But it would mainly driven by emerging markets and developing countries (6.3%), the Asia head (8.7%, 10% for China).

In this context, the IMF expressed concern about the impact on capital flows."Estimates of IMF economists show that current account imbalances will increase significantly with the resumption of world trade, improving financial conditions and the stabilization of commodity prices at higher levels," said the institution No fax pay day loan.

"The currencies of a number of Asian economies remain undervalued in significant proportions in the case of the yuan, while the dollar and the euro remained strong over the medium term fundamentals," said the IMF.

In addition, the Fund insisted on another risk to global growth, the swelling public debt of developed countries.

While advising maintain expansionary policies in 2010, he believes that "many of these countries must also take urgent credible medium-term strategies to reduce public debt and then back to more conservative levels ."The risks associated with foreign states may depress the activity for a variety of reasons," noted the IMF.

"The high ratios of debt (relative to GDP, ie) would hinder budgetary flexibility, lead to higher interest rates in the general economy, increase the vulnerability of economies budgetary difficulties, and compressing the growth," he listed.

Finally, the Fund has called on governments to "repair and reform the financial sector, to end the gaps in regulation, and to" support the creation of jobs and the unemployed, the unemployment rate to remain at around 8.5% in developed countries until the end of 2011.

In alliance with Danone, Chiquita hopes to accelerate the development of its brand smoothies Just Fruit in a Bottle in Europe fast cash advance.

After gaining 1.12% on Wednesday following the announcement of the Bank of Japan to keep rates low, the Nikkei 225 closing displays a decline of 0.95% at 10,774 points. Regarding other areas, the results are mixed. Hong Kong gained 0.16% to 21,418 points, ahead of Taiwan 0.46% to 7883 points, Sydney rose 0.20% to 4863 points, Singapore climbed 0.16% to 2924 points. Conversely, Seoul lost 0.41% to 3538 points, Mumbai was down 0.14% at 17,464 points and Jakarta was down 0.28% at 2748 points.

Japanese carmaker Nissan (-0.78% to 768 yen) announced Thursday that it had retained its English site in Sunderland to assemble its new electric vehicle, the "Leaf", a decision that will keep 2250 jobs in Great Britain."The site of Sunderland reach a production capacity of 60,000 units per year," the company said in a statement, adding that production would begin early 2013 unsecured personal loans .The "Leaf" is the first public electric car that Nissan plans to launch late 2010 on the Japanese markets, U.S. and some European market, before a worldwide release scheduled for 2012.

Following the decision of OPEC (Organization of Petroleum Exporting Countries) to maintain its production quotas unchanged, crude prices falling Thursday in electronic trading in Asia, wiping out gains in New York, but remain at over $ 80.

In morning trading, a barrel of light sweet crude for April delivery yielded 27 cents to 82.66 dollars, while a barrel of Brent North Sea for May delivery retreated 37 cents to 81 $ 59.

It is now 96 billion euros that the bank will reserve the financing of small and medium enterprises (SMEs) and very small enterprises (TPE: companies with less than ten employees). Criticized for inadequate funding of the real economy and suspected tightening the screws on small and very small banks were received Friday morning at the Elysee Palace by Nicolas Sarkozy, Fran?ois Fillon and Gerard Rameix, the Credit Ombudsman. After their meeting with Economy Minister Christine Lagarde at the beginning of February, they had once again put money on the table to demonstrate their goodwill.

They were committed in February to book a package totaling 38 billion euros "new money medium and long-term" cash advance till payday .They will now add 58 billion euros to authorize appropriations for the short term, for a total increase of 3% of the amount of credits granted, compared to the year 2009.

The year 2009 has indeed been particularly hard to finance small and very small, which have seen the amount of cash loans granted to them fell by 14% over the year. Even as the needs of new money was made more critical by an economic crisis.

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