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"Dust volcanic paralysis airport dangerous for the economy." The Confederation of Small and Medium Enterprises (CGPME) became concerned Monday that could have consequences for European sky empty of planes. Dramatization? CGPME quick to point out a little further in his text that only SMEs "whose activity is immediately dependent on air transport" are currently affected.

If paralysis continues, the slow recovery of the economy will she threatened? "If this situation persists, all French SMEs encounter difficulties," worries CGPME. Everything depends on the duration of the flight ban imposed much of European airspace. "The problem is simple: the shock will be there temporarily or not?" Says Philippe Waechter, head of economic research at Natixis."For now, all this is annoying but does not call into question the economic recovery."

"A crisis of this type can be analyzed as attacks or an outbreak, however, significant events that have little overall economic impacts," said Nicolas Bouzou for its part, an economist at Aster. Especially since the paralysis of European airspace should not have a huge impact on trade between Europe and the rest of the world, according to the Economist: "80% of goods moved by boat. And the businessmen will still meet in videoconferencing payday loan instant. "

Attacks and pandemic

The situation is somewhat reminiscent of the paralysis attacks of Sept. 11, which at the time, had greatly affected the airline."This event has changed the behavior vis-?-vis the air, but the current environment is extremely different," relativize Philippe Waechter. "Today, if the ban is lifted, all restarts as before." September 11 has also not necessarily have any impact on the economy, beyond transport. "It is very difficult to detect traces of attacks on the World Trade Center on economic growth," said Nicolas Bouzou.

More recently, influenza H1N1 has raised fears the worst. Especially because of the flight ban could be decided to limit the spread of the virus. The worst-case scenarios developed while anticipating a decline in U.S. GDP by 1.5% year over year. Impact due to paralysis of all types of transport, the cancellation of sporting and cultural events and absenteeism rates of about 30 to 40% in companies.In comparison, the ash cloud would block more than 150,000 French nationals abroad. For a limited time.

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A first for a group of ACC 40.Total was indicted on 27 February by the French judge Serge Tournaire, corruption, complicity and concealment of influence peddling in the case called "oil-food cons", echoing the UN program established in 1997 for the Iraqis, when the international embargo following the invasion of Kuwait.

After the setbacks in terms of image for Total, with Erika – Total was sentenced on appeal to pay 375,000 euros – and AZF, this attack could further extend the negative perception of the French vis-?-vis the oil group .

A decision "incomprehensible"

The investigation started in 2002 had directed to various French personalities suspected of having distributed the early 2000s kickbacks to members of the Iraqi regime of Saddam Hussein that the group continues to source barrels of oil outside the framework imposed program of the UN oil-food cons.

Several officers and employees of the group had been indicted personally since 2006. But this time, it's Total as corporation that is under no faxing pay day loans.

"This decision (of indictment of the Total Group, NDRL) recommence the proceedings," said Master Veil, the lawyer of Total, has told AFP the date of the indictment, and thus confirmed information from the newspaper Les Echos."The judge took this decision against all odds, while his predecessor and the prosecution had held the contrary, at least implicitly," he added, saying the indictment "incomprehensible."

Total will watch his side surprised by this indictment, which "comes eight years after the commencement of the trial, with no new element has been placed on file," according to Les Echos.

Indeed, Serge Tournaire succeeded Xaviere Someone who had requested a non-place for all employees and former employees, and the boss of Total, Christophe de Margerie. In addition, Total said that "the report Volker independent commission of inquiry established by the United Nations had rejected any complaint of corruption."

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The new car sales rose 12% in March over a year in France and 14.5% since the beginning of the year, blew Thursday Olivier Veyrier, marketing director of Peugeot France. His brand has simply grown over the past month 21%, he added.

Remember that vehicles registered in the first months of 2010 were ordered in the previous months, some before the end of 2009, when the scrappage rate was still full. That is to say, 1,000 euros for a replacement of vehicles over ten years.

These numbers confirm the information published this morning Parisian No fax cash advances. The newspaper, which states that brands have started a race promotion in March to try to attract motorists who do benefit more than 700 euros a premium, Citroen would increase the order 12%.

The Committee of French (CCFA) will release the official results at noon with details.

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The Paris Bourse should move up slightly on Tuesday in the first exchanges, and save the 4,000 points, just as before. The index futures on CAC 40 rose about 8:20 am from 0.28% to 4010 points.

Monday evening, Wall Street has ended up, preparing to end the quarter and a week shortened because of Easter. And on Tuesday morning, the stock exchanges in the Asia-Pacific move into positive territory.

INSEE published at 8.45am the detailed national accounts for the fourth quarter. Across the Atlantic, all eyes will be on the S & P / Case-Shiller housing price, to be published 15 hours. An hour later, consumer confidence will be unveiled in March.At 18:30, the economic advisor to President Barack Obama, Paul Volcker, will speak at the Peterson Institute.

But the big highlight of the week on the macroeconomic level is expected Friday with the release of monthly statistics of unemployment in the United States.

The Multaq Sanofi recommended in the United Kingdom

Sanofi-Aventis announced on Tuesday that the National Institute for Health and Clinical Excellence (NICE) – the agency charged with developing recommendations on health promotion and prevention and treatment of diseases in England and Wales — just released a new report evaluating the medicine of the future, the Multaq, in which the Institute expressed its intention to recommend the use of this drug for the treatment of patients with atrial fibrillation.

The drug for heart disease from Sanofi-Aventis had been considered "poor" by the Commission on transparency in France, which had sealed the title of the pharmaceutical company.

The TGV Tours-Bordeaux Vinci?

On Tuesday, investors will learn of the happy elect of the draft Tours-Bordeaux TGV. Vinci, Bouygues and Eiffage are on the move. Vinci had a head start.

Pre-market Transdev, whose merger with Veolia Transport should be completed in the second half of 2010 will hold a press conference presenting the results and balance sheet activity in 2009. Wendel and make public its sales and its annual results for the current year.

On Tuesday, will also be held a hearing at the Commercial Court of Paris on Natixis.Minority shareholders, united behind the consultancy Deminor have assigned the bank in early January for "spreading false, misleading or deceptive on the prospects for Natixis in its creation.

After Hours, the annual results 2009 Neopost will be published.

Medica may blow. While markets remain subdued, the specialist retirement home announced Tuesday in a statement that its IPO has been "a success". French institutional investors and international were to rendezvous with a subscription offer for about three times its original size. The offer to individuals attracted 7500 orders. Among these, the group's employees have answered the call. Nearly 3,000 of them participated in the operation.

The group welcomes this performance, "in market conditions very difficult." It must be said that Medica had significantly lowered the price of its shares, offering 13 euros instead of 16 or 19.50 euros expected in a first instant payday loans .

The gross proceeds from the offering price and the open global placement represents approximately 255 million euros."In the event that the option of over-allotment is exercised in full, and would offer an amount of about 293 million euros, a figure of 22,530 shares representing approximately 47% of capital and human Group voting Medica, "the statement said.

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"Venezuela: a devaluation at high risk

The devaluation of the Venezuelan currency, announced January 8, will have an impact of around 40 million euros on profit before tax and non recurring items of the group in 2009 and approximately 15 million euros on profit current net after-tax, said Accor in a statement. Despite this impact, the Group maintains its objective of profit before tax and non recurring items of between 400 and 450 million euros for 2009. Accor is present mainly in Venezuela through its prepaid service activities (luncheon vouchers, preloaded maps, gift certificates).

Venezuela on Friday announced the devaluation of the bolivar. The currency, whose exchange rate was 2.15 to one U.S. dollar, now trades at 4.30 to the dollar.

Last October, the fourth global hotel group confirmed its financial targets in 2009 but expressed cautious for the year 2010.

Accor will publish its turnover in 2009 January 19 next.

The Accor share price closed Monday down 0.63% to 37.59 euros while the CAC 40 lost 0.05% to 4043.09 points.

The outlines of the reform of business tax does not end up being redesigned. While the bill contains funds that the text is finally adopted this afternoon, the government has introduced yet another amendment.

Responding to a request by senators, Eric Woerth has indeed held to reintroduce an element of equalization in the distribution to local communities of the future contribution of value-added businesses (CVAE), which replaces, with the contribution of property, business tax . Specifically, one quarter of the proceeds received from this CVAE be taken in favor of an equalization fund, then transferred to regions and departments in accordance with economic and social.A measure designed to correct inequalities that may be caused by the territoriality of the contribution.

All these changes will not affect business leaders, set for some time about the nature of the contribution they must pay. The business tax, which will disappear in 2010, is in effect replaced by a double contribution: the contribution of corporate property, sitting on the rental value of land occupied buildings, and the famous contribution of value-added businesses, paid from 500.000 euros turnover.

Eric Woerth, the budget minister, has reiterated this morning: the cell regularization well close December 31, 2009. So far, this structure set up in April has treated almost a thousand cases of taxpayers wishing to come into line after having concealed their assets abroad. "I am satisfied with this figure. And we expect an acceleration in the last month, "said the minister. Still, the famous list of taxpayers with accounts in Switzerland alone has 3000 names.

The tax begins to have a clear profile of the French who look to the cell. In most cases the money was hidden in Switzerland. Other education, the vast majority of the repentant are people who have simply inherited assets hidden by their parents or grandparents."For these fraudsters liabilities, penalties are lower," said Philippe Parini, head of the Directorate General of Public Finance. In general, they can expect that the total tax bill (tax due, penalties and interest) does not exceed 15% of capital. The very purpose of cell regulation is allowing repentant negotiate the interest and penalties.

At December 31, this advantage disappears. "We do plan to tax audits in large numbers. People on the list of 3000 will not escape. In addition, we will create an account held by French residents abroad, "said Eric Woerth. This file, called "Evafisc" will be powered by the 3,000 names. But not only. Earlier this year, published a decree that will create a real right of communication vis-?-vis banks in France.Clearly, the Treasury will request them to submit all transactions exceeding a certain amount made to certain countries over time. The focus will change each year. "For 2010, we will examine the banks' transactions from 2006 to Switzerland, Singapore and Hong Kong," said Eric Woerth.

The method will she work? It should be a little naive indeed to get his money from France through a bank. "Think again. Some believe going into armored pipes. Marketing of banks is effectively "the minister said.

Stable at the opening, the CAC 40 has changed very little throughout the morning. ACC clings to the bar 3700 points ironed Thursday. At 13 hours, it appears to 3706 points (-0.06%). All eyes of investors have turned on the numbers of U.S. jobs that will be communicated to 14:30.

Thursday, stock markets worldwide have been well oriented due to figures released by the U.S. Department of Labor Productivity in the country.

In addition to the monthly report on employment in the United States, markets are also watching puvblication wholesale inventories in September.

Values follow

Lafarge is attacked (-4.5%). The French group has released financial results Friday down sharply in the third quarter. Net income is recorded down 38% year on year to 404 million euros while sales fell 20% to 4.25 billion euros.These results were slightly below analyst expectations.

L'Oreal is sanctioned (-1.46%) after the publication of a revenue deemed disappointing. For its part CapGemini is still undergoing clearances (-2.49%). Several brokers have changed their views following the quarterly judged below investor expectations.

Conversely, Hermes International stands (2.30%). The luxury group has for its part issued Friday sales up 5% at constant rates in the third quarter, to 452.1 million euros. The group said its goal of stable sales in 2009 could be exceeded if the trend continues this year.

Values M6 (6.41%) at the highest for two years and TF1 (4.23%) were also searched.The audiovisual group M6 has exceeded expectations by recording a marked improvement in advertising revenue chain and strong growth of its business diversification. In particular, M6 was confirmed as the month of September showed the first signs of an improving advertising market with stronger demand from advertisers in some sectors the consumer in particular.

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