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The Airbus tanker derived from the long-haul A330 aircraft, will enter service later this year in Australia. Canberra has ordered five copies of this multi-role military aircraft, both tanker and cargo, should receive its first aircraft in spring. "In general, the commissioning follows eight to ten months later," says one Airbus. The European aircraft manufacturer delivers a complete unit which will then be militarized by the client, by the Royal Australian Air Force, for example with cons-measures to protect the aircraft. In Australia, a partner in Airbus, Qantas Air Service, which will implement the rigid pole, called boom refueling.

The A330s will begin in Australia military career already well underway. The European aircraft, also known as KC-45, has won all the latest tenders in the world.He was chosen by the British Royal Air Force who ordered 14 via a leasing agreement unprecedented in military matters, the Saudi army with five units and the army of the United Arab Emirates (UAE) up to three tankers. In total, Airbus has garnered 28 orders from four customers for a value not provided. As a guide, the list price of the A330 is 170 civilian million.

Apparatus assembled in Toulouse

The European supply has received its airworthiness certificate civil March 17, 2010 by the European authorities (EASA). His military certificate was issued by the National Institute of Technology Spanish competent authority in this case as Airbus Military, which is responsible for military programs Airbus is based in Spain. The product however is assembled in Toulouse, France on the same production line as the A330 civilian.

Airbus shows significant ambitions for its KC-45. In his own studies, the potential market is around 250 aircraft in the world outside the United States. France, for its part, could be ordered 15 copies.

Despite the rise of the franc, the Swiss watch industry is growing again. In 2010, exports of the sector amounted to nearly 12.3 billion euros, or 22.1% more than in 2009-results that reflected their pre-crisis level, due to the vivacity of Asian market.

After a year of slowdown, how brands have they faced the recovery? Some had anticipated the rise in sales. "In late 2009, our results were already excellent," says Jean-Claude Biver, CEO of Hublot watches. We bought more raw materials and hired 60 people! "Other chains have also relaunched the recruitment as Breguet, Tag Heuer and cores. Some, finally, forcing customers to wait. "For a Panerai or a Montblanc, it can go up to a year, said H. Roderich Hess, former CEO of Montblanc Switzerland.Customers know that the luxury watch requires exceptional skill and they patiently wait. "

The industry is optimistic, however, hampered by the rise of the franc. In an interview with the magazine Bilanz, the director of Swatch, Nick Hayek, estimated at 380 million euro loss for 2010 sales caused by depreciation of the euro. The competitiveness of the Swiss watch has declined.

To fix an exchange rate to their disadvantage, producers have raised prices of their watches: +5% in 2010 for Audemars Piguet and Cartier, who think all over again, like Jean-Claude Biver No teletrack payday loans. "While ensuring the value of our currency on forward markets, we have adjusted our prices four times in 2010, an increase of about 20%," says he.

Subcontractors affected

The rise of the franc was not all bad.It allowed the watchmakers to buy at lower prices for raw materials and components abroad. A strategy has its limits: to get the "Swiss Made", these companies must in Switzerland at least 80% of manufacturing costs for mechanical watches.

If large groups are doing well, this is not the case for their sub-contractors, some 600 Swiss companies that still show the effects of the crisis. "They are affected first and the last to resume growth as brands sell their stock before ordering new," said Jean-Daniel Pasche, president of the Federation of Swiss Watch Industry. After losing 20% of its turnover, the director of Pac Team, Alain Borle, "sees a light at the end of the tunnel.Watchmakers have not really launched new programs, but I think imminent. "

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The investment fund PAI, which has sold its 50% stake in Yoplait, had confirmed the interest in the world number two yogurts. While fourteen suitors had withdrawn an information on the group, they are nine to be filed Friday, an offer "nonbonding." Besides the three investment funds Bain Capital, Lion Capital and Axa Private Equity, Lala is the Mexican, Chinese Bright Food, the American General Mills, Nestle's Swiss or the French Fair. As stated in the JDD, even Lactalis, which had not removed the information memorandum, has applied for membership.

In late 2010, the French group had drafted a proposal to repurchase $ 1.4 billion for the entire share capital of Yoplait. This offer was rejected by PAI and Sodiaal cooperative that owns 50% of Yoplait and intends to remain a shareholder.Good news for the seller, bids exceed 1.5 billion euros, up for some well beyond the price that was articulated by Lactalis hitherto a reference. "It's normal for between-tempsYoplait bought his franchise in Canada and that carries its enterprise value over DE1, 5 billion euros," recounts a close case. PAI should retain in the coming days with some candidates identified for further discussion.

Spain does not want to be assimilated to Ireland or Portugal, on the front of the public finances and its banking system. That is why the Spanish government is preparing a new "plan" to strengthen the network of savings banks, the weak link of the country's banking system. This plan is being developed in collaboration with the Bank of Spain and the Confederation of Savings Banks, said the government's number two, Alfredo Perez Rubalcaba on Friday. There is not time to schedule and plan will be announced later when it is completed, he has said.

Madrid would be ready to launch the construction of the privatization of Savings, revealed the news agency Reuters, quoting a source familiar with the matter. Banking violently hit by the economic crisis and financial crisis, the local housing bubble, then the European sovereign debt crisis.And crystallize the doubts among international investors. This large work, which could last two to three years, comes after another major work, which consisted for the Central Bank of Spain has forced some banks to merge, which has reduced their number from 45 to 17.

For these private investors can participate easily in the capital of savings banks, it could be that the legislation be amended. This Friday on its website, the public fund bank restructuring, set up last year, says the goal would be to accelerate the separation between their financial and social activities.

Specifically, the government seeks to control the savings in debt to become traditional banks and try to seek a listing on the Stock Exchange to show they are good investments.The Spanish state does not take partial control of its savings lowest to reassure the markets.

Indeed, if the interest shown by private investors was not at the rendezvous, the Bank Restructuring Fund (FROB), which depends on the Spanish government plans to take stakes in these banks, " cajas no fax needed payday loans. Even in the absence of private investment in these funds, Spain will have the means of rescue, say economists, thus alleviating the pressure on the European Financial Stability (FESF).

Fundraising from 17 to 120 billion euros

The Wall Street Journal on Thursday, Spain would consider lifting more than 30 billion euros to recapitalize its "cajas" regional. An amount denied by a spokesman for the Spanish Ministry of Economy.But it still recognized that the savings banks would need money, more than 11 billion already raised for them.

Arturo de Frias, head of research at Evolution Securities, "Nobody likes to invest in a caja now, but although they try. We are talking about a process that will last two or three years (the IPO of cajas) but you have to start somewhere. Although there is a beginning of something, "said he. The specialist on a table it needs the savings from 40 to 50 billion euros.This range is within the average cost estimates of such recapitalization, ranging from 17 to 120 billion euros.

Nevertheless, Fitch maintained a negative outlook on Wednesday the rating of Spanish Banks, which account for nearly half the country's financial system and whose recapitalization represents an additional difficulty for Madrid.

On Friday, ratings agency again threatens Spain: it could influence the country's sovereign rating if Madrid were to never miss its budget targets. Fitch currently Spain AA + with a stable outlook.

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The fund bank restructuring Spanish (PDF)

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After an opening in the red, the CAC 40 was the yo-yo around equilibrium before leaving frankly down. Halfway through, the CAC 40 lost 0.26% to 6963.4 points. At the London Stock Exchange, the FTSE-100 fell by 0.56% to 5,985.65 points and Frankfurt Stock Exchange, the Dax loose 0.26% 6963.40 points.

These hesitations are expected to continue until early afternoon. Investors are waiting in effect until 14:30 the publication of unemployment figures and employment for the month of December in the United States.

Economists polled by Reuters expect 175,000 new jobs outside the agricultural sector for the month of December.In the aftermath, the Federal Reserve chairman, Ben Bernanke, must speak before the Senate Budget Committee.

On Thursday, the CAC 40 has canceled its gain of over 1% at mid-session, after the weekly claims for unemployment benefits rose in the United States.

U.S. employment and unemployment, European unemployment and GDP

On the macroeconomic front, after a miserly start of the week in news, the meeting will be hosted by a number of indicators.

In France, the trade deficit rose in November to 3.869 billion euros against 3.712 billion the previous month.

Are also expected economic forecast by INSEE for France in the first quarter 2011 (at 16 hours).

In the euro area, economic growth slowed more than expected in the third quarter of 2010 to 0.3% (against 0.4% previously announced).The unemployment rate, meanwhile, remained stable at 10.1% in November.

United States, in addition to unemployment figures and employment for the month of December (1430), the consumer credit will be announced in 20 hours.

On the currency markets, the euro remains below $ 1.30. About 11:00 am in Paris, the euro bought 1.2985 dollars against 1.3006 dollars on the previous evening.

Record deliveries for Airbus

Against this backdrop of feverish, bank stocks are in decline: Societe Generale lost 1.26% to 41.61 euros, BNP Paribas 1.44% cowardly to EUR 49.12, Credit Agricole dropped 1.14% to 9.787 Natixis Euro yields 1.04% to 3.63 euros.

Renault: + 1.22% to 47.39 euros

In the case of industrial espionage affects Renault, the automaker suspect a Chinese actor, according to information from Figaro economy.For his part, Peugeot advance of 1% to 31.30 euros.

GDF Suez: -1.14% to 27.20 euros

A spokesman for GDF Suez confirmed to AFP Thursday an information website of the magazine Challenges, that the group will abandon stock options.The device should be replaced by performance-related bonus shares in the group.

Hermes: + 4 payday loans for self employed.42% to 161.90 euros, LVMH: -1.41% to 120.28 euros

In the case of Hermes / LVMH, the AMF authorizes the Hermes family not to launch takeover bid for the entire group.

EADS: + 0.42% to 19.16 euros

Airbus (EADS) achieved record shipments in 2010: more than 500 aircraft delivered to airlines Boeing 462 to cons.

Sanofi-Aventis: -0.69% to 49.93 euros

Sanofi-Aventis has announced the appointment, effective February 1, new leaders in emerging markets where the pharmaceutical company wants to strengthen.Patrick Aghanian will be responsible for the Eurasia region, Thomas Kelly of Asia, Heraldo Marchezini of Latin America and Jeremy Moulding of Japan and Pacific area.

Casino-Guichard: -0.16% to 72.77 euros

Casino Guichard now holds 99.6% shareholding in its subsidiary e-commerce Cdiscount.

Schneider Electric: + 0.04% to 114.35 euros

Schneider Electric has signed an agreement to acquire majority shares of APW Président Systems Limited, an Indian manufacturer of enclosures for the telecom and information technology.

Saint-Gobain: + 0.37% to 38.33 euros

The Dutch competition authority said it had fined 17.7 million dollars to several companies, accused of having formed a cartel in the glass, among which is the local subsidiary of Saint-Gobain.

Bourbon: -0.18% to 35.45 euros

Bourbon announced Thursday its decision to separate the roles of Chairman of the Board and Director General from 1 January 2011.Jacques de Chateauvieux therefore yield the reins of the operation to Christian Lefevre.

Axa: -0.48% to 13.44 euros

Axa Private Equity, the private equity subsidiary of Axa, is in exclusive talks with Bain Capital to acquire the French chemicals group Novacap according Agefi.

Dexia: -0.78% to 2.68 euros

Dexia has initiated the process of selling Deniz Emeklilik, its life insurance subsidiary in Turkey, according to Les Echos.

Arcelor Mittal: -1.61% to 27.11 euros

ArcelorMittal called Thursday evening to shareholders of Canadian Baffinland Iron Mines to accept its offer of 550 million Canadian dollars, considering it superior to that of Iron Ore Nunavut.

Thales: + 0.30% to 26.66 euros

Canada has expressed a "strong interest" for the purchase of two vessels Mistral class manufacturer of DCNS, Thales which holds 25%, according to La Tribune.

Remy Cointreau: + 4.14% to 55.30 euros

Goldman Sachs added Remy Cointreau to its list of preferred values and raised its recommendation from "buy," cons "neutral" before.

Covered with snow after the storm that hit on Sunday evening on the northeast coast of the United States, Wall Street reopens down on Monday while the new rate hike Chinese, reached this weekend, calls investors some caution.

At the opening of U.S. stock markets, the Dow Jones folds of 0.20% at 11,550 points, the strandard & Poor's 500 and Nasdaq 100 retreating 0.25% respectively to 1254 points from 0.33% to 2657 points.

No statistics on the agenda macroeconomic Monday, prompting investors to focus on the surprise hike in interest rates in China and, therefore, to mope. In fact, in principle, the operators do not respond well to a rise in interest rates. A reaction of defiance that could also be temporarily increased, during this holiday season digs.Indeed, low volume and volatility room can promote excessive reactions. Unclear whether, in this context, the few active investors will pay attention to news companies. Remains that 2010 has been a great year bone pourWall Street.

Viacom sells Harmonix and action is supported by Cisco Barron's

Despite the snow, wind and cold stores that had reopened Sunday after the closure of Christmas never empty, to the delight of retailers. However, cancellations of flights and trains, especially from Europe, have multiplied over the weekend. Many flights of British Airways (London market closed) and Virgin Atlantic, canceled Sunday were rescheduled for Monday. Air Canada for its part warned that many flights might be canceled or delayed in the Atlantic regions of the country.

Viacom (-0.51% to 38.97 dollars).U.S. media giant sold the studio Harmonix, creator of the licenses of music video games Guitar Hero and Rock Band, Columbus Nova, an investment company. The third quarter of 2010, Harmonix has recorded losses of about $ 300 million against a modest profit over the same period last year. Viacom bought Harmonix in 2006 to 175 million dollars. Harmonix takes note of this decision and looks forward to once again become independent.

As for Cisco Systems (0.81% to 19.85 dollars), a barometer of the technology sector, its action would be undervalued and should increase by at least one-third from current levels, according to Barron's. In its Saturday edition, the U.S. financial weekly said that if Cisco is approaching its long-term growth in sales, and the stock should rise at least at its peak in 2007, $ 27 .Barron's said that investors had factored into the course "too much skepticism about the prospects for Cisco. Action Cisco closed last Thursday to 19.69 dollars.

Finally, the U.S. bank Goldman Sachs (+0.15% to 167.85 dollars) has decided to link the payment of his bonus to long term performance "of its executives. Salaries and bonuses could reach a record level on Wall Street for 2010.

U.S. stock markets opened very slightly up on Monday. The Dow Jones gained 0.17% and the Nasdaq rose 0.28%. On Friday, Wall Street ended the week on a slightly positive note. The Dow Jones gained 0.35% to 11 410.32 points, the Standard & Poor's 500 advanced 0.60% to 1240.40 points and the Nasdaq rose 0.80% to 2637.54 points.

On the whole past week, the Dow Jones rose 0.25% and is now just 30 points from its high of the year end, reached in early November. The Nasdaq has risen 1.78% to him in five days, and the Standard & Poor's 500 by 1.28%.These two indices have reached their highest levels this year, ending the first week to the highest since late December 2007 and the second since September 2008.

On the foreign exchange market, the euro against the dollar was progressing Monday, in a cautious market while still fears that the crisis could spread the debt in the eurozone. By mid afternoon, the euro bought 1.3308 dollars against 1.3226 dollars on Friday night.

Last Fed meeting of the year

On the macroeconomic front, there is no any major indicator on the agenda of U.S. investors on Monday. Starting tomorrow, the news will be much busier. The Fed meets in effect its monetary policy committee for the last time this year.

Indicators released since the last meeting have all testified in a slight acceleration of growth.But the housing market remains so depressed and unemployment rose. The Fed should decide Tuesday to stay the course of monetary policy. Harbinger of the status quo, the Fed confirmed Friday that it intends to continue the purchases of treasury bills within thirty days to come at the rate announced in November. This meeting comes as the bond market was abandoned in favor of equities. The yield on government bonds to 10 years has jumped from 3 to 3.3% in the space of just one week.

Also note, this week, the S & P 500 will release their fourth-quarter results lagged.This Best Buy-Tuesday-and Discover Financial Services, FedEx, General Mills and Oracle on Thursday.

General Electric launched a takeover bid, Sanofi extends his

The side of values, the conglomerate General Electric (-0.68% to $ 17.60) announced Monday the launch of a friendly takeover offer of 800 million pounds (1.3 billion) the UK oil services group Wellstream Holdings. General Electric hopes to complete the transaction in the first quarter of 2011.Wellstream had twice rejected previous offers of the conglomerate, said the British daily Financial Times, but the two sides finally reached an agreement in recent days.

For his part, Sanofi has extended until January 21, 2011, at the same price of 69 dollars, its takeover bid for U.S. biotech Genzyme (0.90% to 70.45 dollars) which it owns just 0.9% titles to the closing of its initial offer. Analysts were expecting such a decision, bolstered by the stock price that Genzyme has always remained above the $ 69 offered by the French group. Friday the share closed down 0.24% to 69.82 dollars.According to experts, this new deadline should allow both groups to explore the trail of an offer with a value rights certificates (CVG).

The Australian mining group Rio Tinto (+0.34% to 70.51 dollars), listed on Wall Street could give some aluminum sites with low growth potential and is considering a massive investment in the aluminum companies Alcan said its chief financial officer Guy Elliott.

Always on the side of values, Simon Property (-0.05% to 98.90 dollars), the largest owner of shopping malls in the United States has not ruled out launching an offer conditional on its British counterpart Capital Shopping Centres (SCC), the Sunday Times reported, citing sources close to the talks. The American group, which already owns 5.1% of SCC, disagrees with the proposed purchase of SCC Gallery Trafford Centre in Manchester.Simon Property will likely provide an indicative range to which he would be willing to make an offer subject to be guaranteed access to accounting records of SCC, the paper said. CCS is valued at some 2.7 billion pounds (3.2 billion euros).

Also note, the federal prosecutor in New York Preet Bharara said Friday that a former computer specialist investment bank Goldman Sachs (-0.01% to 168.45 U.S. dollars), Sergey Aleynikov, was convicted of theft of trade secrets, in this case a computer code used for ultra-fast transactions.

The Nikkei index of blue chips still falling: instead of Tokyo has indeed declined Tuesday morning down 0.26% or 26.13 points to 10,141.10 at closing.

Sarkozy concludes visit to India

In India, the Bombay SE fold from 0.21% to 19,938.90 points. French President Nicolas Sarkozy Tuesday finished its four-day visit to India, marked a new step for the installation of EPR. Altogether, including military contracts totaling over 15 billion euros are about to be signed. Thales, EADS, Safran and Areva are spared from the game

Probably the Chinese rate hike next weekend

In China, the economic news has been full on Tuesday.First, let us remember that the China Securities Journal (Zhongguo Zhengjuan Bao) reported an expected increase in interest rates to fight inflation in China which could be the next weekend. "The central bank's practice to raise interest rates before publishing the price index for consumption, so there is a significant window this weekend," said business daily, while the National Bureau of Statistics has publish the country's main economic indicators on Monday.Inflation could reach 5.1%, according to analysts.

Such a prospect weighs on the Shanghai Stock Exchange, which backs up to 7 hours of 0.30% to 2025.97 points and the CSI 300 is stable (0.01%) to 3165.76 points.

Also, note that Alstom has signed Tuesday a cooperation agreement with the Chinese Ministry of Railways to speed up the development of rail transport in China but also "certain international markets." The agreement signed in Beijing by CEO Patrick Kron, Alstom and Chinese Minister of Railways Liu Zhijun is on the rolling stock for intercity rail, high speed and locomotives as well as on signage, the statement of Alstom. China has more than 7430 km of railway lines at high speed.

Finally, the Chinese carmaker Geely Automobile Holdings, owner of the Swedish Volvo will start in December to propose its cars on the largest site in China online shopping, Taobao. As of December 22, the online store will first propose a compact model, the Geely Panda Gleagle before gradually extending its offer.

China is the country with the most Internet users, the number of at least 420 million and became the first global automotive market, with sales forecast at more than 17 million vehicles this year.

Maintenance rates in Australia

The Australian Stock Exchange has its own in this gloomy atmosphere in Asia. The S & P / ASX advance of 0.81% to 4726.80 points.

The Central Bank of Australia announced on Tuesday continued its policy rate to 4.75%, indicating a strong Australian dollar would help control inflation.After five months of freezing rates, the Reserve Bank of Australia in early November had raised its key interest rate by 25 basis points to 4.75%, due to the potential risks of inflation. "The exchange rate has increased significantly this year, reflecting the high level of commodity prices," said Central Bank governor Glenn Stevens.

Oil drop

Crude oil prices retreated Tuesday in electronic trading in Asia, to 88.88 dollars as investors fearing the next higher Chinese interest rates. "It weighs on the markets because higher rates could slow economic growth and oil demand," said Serene Lim, analyst at ANZ Bank in Singapore.

Planet, the new concept hypermarket Carrefour, the ignition delay. Reportedly, his deployment, which should reinvigorate sales of the largest stores in the distributor, will not start before the end of the first half of 2011 and at a pace slower than expected.

On 16 September, during the presentation of Planet to investors, the Carrefour management had spoken of a deployment "fast", with five openings planned in France before the end of the year, in addition to the pilot stores to open in September Venissieux and Ecully, near Lyon. But the holiday season is crucial for the sign and not conducive to starting work, several changes have been postponed. "The position of management is constantly evolving," says Serge Corfa, national delegate CFDT.Between conversion to the new concept and the establishment of a new organization of work, they do want is us panic. "

By the beginning of 2013, 500 stores are planned transformations in Europe (France, Spain, Italy, Belgium, Greece). According to the catchment areas, restructuring will be more or less heavy. 245 hypermarkets, representing 70% of sales in Western Europe, must pass under the Carrefour Planet. The other 255 will retain their current banner but will adopt some "bricks" of the new concept. The invoice for Carrefour amount to 1.5 billion euros, representing an average cost of 4.2 million for each store Planet.

Doubt about the price image

In France, hypermarkets, 203 to 230 company-owned, 120 are eligible for the new concept multi-specialist. As expected, it is the largest (over 8000 m²) in urban areas are targeted.A list of 70 stores to turn over eighteen months has been disclosed in early November, but it is not said that 50 others are converted.

Internally, rumors about the divergent performance Planet "good", according to some "mixed" for others. Analysis of the first results depends on the rest of the program. Is the relevance of the new concept is compelling and deployment can be fast, or we need to correct the copy and things may take longer.

According to the independent consultant Frank Rosenthal, "there is also a big doubt about the price image conveyed by Planet consideration for a better shopping experience but sensitive issue in the current economic climate."

The magnitude of the task has already pushed back the leadership on the implementation of the new "business model", another site that should be initiated at the end of this year, pushed back to late 2011.No doubt the issue of Planet – "reinvent the hypermarket to create value" – is a priority.

The 500 European hypermarkets under weigh 40% of Carrefour's global sales, 37 billion euros. The transformation of the park is supposed to allow by 2015 a sales increase of 18% and an improvement in operating margin to 5.3% of sales against 3.5% in 2009.

In 2007, the European Commission launched an investigation into several airlines, including Air France-KLM, British Airways, Singapore Airlines, Japan Airlines or Qantas, and accuses them of not playing the game of competition by colluding on Prices in the air cargo freight. Such an interest group of some companies called a cartel.

Three years later, the Competition Commissioner Joaquin Almunia is expected to announce on Tuesday, the total amount of fines at a news conference in Brussels to 17 hours.

Of the 27 airlines related to this case, thirteen of them should be condemned by the European Commission to pay a total fine of approximately EUR 800 million, reports Reuters citing a source familiar with the matter.And "six of them are not European," the source said.

EUR 200 million for Air France

In theory, even if such a sentence is rare, Brussels may impose on a company a fine of up to 10% of its turnover for breaches of European regulations.

Lufthansa should be spared a fine because it has alerted the European Commission on the cartel. In contrast, British Airways could have to pay a fine of 120 million euros, according to the source, while another source familiar with the matter said last month that Brussels was considering penalizing the British group between 60 and 80 million euros.

Air France should in turn be imposed a larger fine of 200 million euros.This could be explained by the fact that the French would never comment on this issue and has not helped the European Commission in its investigation.

Singapore Airlines, Japan Airlines, Cathay Pacific and Qantas are among the airlines should also be condemned, the source said. Korean Air, Cargolux, Aliltalia, All Nippon Airways, SAS and Singapore Airlines are also part of the companies on which the EU executive was investigated.

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