Posts Tagged ‘technology’

Facebook founder confirmed eG8

May 17, 2011 - 2:32 am Comments Off

It should not make the trip. Then said "reserve its response". Finally, Mark Zuckerberg, Facebook founder, will indeed be in Paris on 24 and 25 May. He has confirmed his arrival in eG8 forum, organized on the initiative of Nicolas Sarkozy.

The young entrepreneur is one of over 1000 makers of the digital ecosystem to participate in this forum, whose aim is to discuss the Internet's role in economic growth. Among them are also Jeff Bezos, the CEO of Amazon, Jimmy Wales, Wikipedia founder, Eric Schmidt, Google's chairman, Rupert Murdoch, or the boss of media group News Corp..

The result of their trade will be presented the next day at Deauville, the heads of state gathered for the G8.They will adopt a "statement" whose implementation will be another meeting in October at the initiative of Minister of Industry and the Digital Economy, Eric Besson.

The Paris Bourse continues to 4100

May 2, 2011 - 8:40 pm Comments Off

The CAC 40 remains in the green for the eighth straight time. At closing, the index in Paris ahead of 0.05% to 4108.77 points. As in Japan on Monday morning as investors welcomed the announcement by U.S. President Barack Obama, death of Osama bin Laden. The leader of al-Qaida was killed Sunday by the United States, during a commando operation in Pakistan. But the positive trend has eroded over the meeting.

Of the other European places, same story, including the Frankfurt stock exchange rises from 0.18% to 7527.64 points. The London Stock Exchange remained closed for holiday.

In addition to boosting the morale of the operators, this new direct consequence of the dollar to rise against the euro. The single currency was worth 1.4771 dollars around 5:15 that French time (at time of announcement), against 1.4864 dollars shortly before 3 o'clock.Similarly, oil prices, affected by the bounce of the greenback fell. Precious metals onte unscrewed, just like the money that has dropped 10% to 42.58 dollars per ounce, or gold, which fell to 1546 dollars against a previous record of 1575.79 dollars. Trends that were chastened during the meeting.

17.30, the euro resumed height against the greenback, and was worth 1.4883 dollars against 1.4808 dollars on Friday night.

Responsible macroeconomic news

In this context, the markets will take time, however, to analyze key indicators of the day. The growth in manufacturing activity in the euro zone accelerated more than expected in April, according to a second estimate of the PMI index published on Monday. The index rebounded to 58 points, against 57.5 points in March, the company said Markit.In France, growth in activity in manufacturing worsened last month, reaching its fastest pace for fifteen months, with beneficial effects on employment, according to Markit.

In the U.S., construction spending gained momentum, knowing their strongest growth in 11 months, 1.4%, according to data released Monday by the Commerce Department. In contrast, growth of manufacturing activity slowed for the second consecutive month in April, but less than expected, according to the index of industrial purchasing managers released Monday. This index, calculated by the Institute for Supply Management (ISM), stood at 60.4 in April after already slowed to 61 guaranteed approval cash loans.2 in March, against 61.4 in February.The 72 analysts and economists surveyed by Reuters had forecast an index to 60.0.

Values ​​to follow

Altran: + 3.38% to 5.51 euros

Specialist in High Technology Council has exceeded its goals in the first quarter by signing up at double-digit sales (to 387.7 million, +10.1% at constant perimeter) and announced the sale of all its subsidiaries in Brazil.The group also said to anticipate a significant improvement in current operating profit in the first half compared to the same period last year.

Trigano: + 4.60% to 25.25 euros

For the period September 2010 to February 2011, the specialist for caravans and camper vans, achieved an operating profit of 14.7 million euros, against a loss of 0.8 million a year earlier.

Renault: +0.41% to 41.31 euros, Peugeot: 0.72% to 30.88 euros

Renault and Peugeot stand up well despite the announcement of a drop in their registrations by 19.1% and 21.1% respectively in April.

PPR: – 0.12% to 120.60 euros

The group will launch a friendly takeover Volcom priced at $ 24.50 per share.This friendly offer values ​​the company at 516 million euros.

Technip: – 1.261% to 75.20 euros

The group has won a contract worth 100 million euros for the engineering and equipment supply and construction assistance for the Horizon Oil Sands Project in Canada, according to a statement released Monday.

Vinci – 0.52% to 44.86 euros

The group wants to increase the share of concessions in its revenues and will therefore be a candidate for the privatization of regional airports when it is valid, said Xavier Huillard, CEO of construction and concessions, in an interview published Monday by Les Echos.The group will hold its general assembly in early afternoon today.

Fimalac: 30.45 euro balance

The group will take a 40% stake in Auguri Production, which organizes performances of several famous singers, such as Matthieu Chedid, Vanessa Paradis and Thomas Dutronc, according to a statement released Monday.

GDF Suez will publish its first quarter sales this afternoon.

After market: Areva, CAM, GFI Informatique, Steria and Bollore will publish their quarterly earnings.

Superfluity and luxury are less expensive

April 12, 2011 - 11:28 am Comments Off

No democratic government would dare to address and to his people. "If they have no bread, let them eat cake" Marie Antoinette would have said in the fall 1789. Similarly in the third century, the Chinese emperor Huida Jin replied to his subjects desperate to get rice, "Why do not they eat meat?" Such arrogance is more appropriate. But strangely, the board would surely relevant today. In our industrialized societies and hypertechniques, buns, indeed, increasing more slowly. They are sometimes even cheaper than home-made bread. It's the world upside down: the more a product is essential and its prices are soaring.And conversely, anything that is sophisticated, even a questionable value, such as electronic gadgets, continues to be cheaper.

The remark of Marie Antoinette, perhaps apocryphal – Jean-Jacques Rousseau, who died eleven years earlier, told the same thing to a "princess" in his Confessions – anticipates fully functioning modern economy. Core resources become scarcer and more expensive, but we regorgeons of superfluous goods.

Americans talk about "biflation"

This paradox is one of the structural features of globalization, as we said Xavier Timbeau, director of the OFCE (French Observatory of Economic Conditions). On the one hand, rare goods, whether oil, farmland, building land or water, whose supply is naturally limited.On the other, the industrial production capacity almost endless with the arrival of new players and technology advancement. The Treasury has calculated that the Bercy "the global labor supply has more than doubled between 1980 and 2006" on the market of international trade. And that's not going to stop. The UN considers that 'the world's population of working age will increase by 40% by 2050. " Even the experts the less catastrophic, as the International Energy Agency, never imagine that oil production is growing at this rate. It instead addresses his reflux.

This disparity between two types of products has already resulted in a dramatic upheaval in relative prices. In France, "the purchase price of vehicles" increased from just under 10% since 1998, according to Insee, while "fuel and lubricants' jumped 78%.These figures do make sense only when compared to the higher minimum wage that was 46.8% over the same period. "The acquisition of a car is less expensive, but it is more expensive to roll," says Xavier Timbeau. INSEE also considers that the cost of using a car weighs 2.4 times more than its purchase in the budget of a French household.

Across the Atlantic, the Americans, always eager to create new concepts, coined a neologism to express this reality in two speeds. They speak of "biflation", meaning the coexistence of inflation and deflation. "Inflation is What We Need, deflation is What We Want" on one side, sharp increases for all products required, which can not be happen in real life and on the other hand, price declines for purchases may be delayed.Housing and automobiles belong to this second category, because U.S. households, overburdened, are reluctant to use credit, which tends to depress their markets.

The "bi" is characteristic of periods of transition

The very term "biflation" was created in 2003 by Osborne Brown, a financial analyst from Phoenix Investment Group, at a time when there was already wondering if the U.S. economy did not run the risk of depression. The debate has rebounded in recent months with the monetary policy of the Fed chairman, Ben Bernanke. The head of the U.S. central bank says there is no inflation in the U.S., since the increase in consumer prices is just 1.1% over one year if one ignores food and energy.

But the price of gas soaring, now exceeding $ 4 a gallon (3.78 liters) in California, when they fell to $ 1.67 in December 2008, the worst of the crisis Financial. Heavily enough to amputate the purchasing power of households. Bernanke is also accused by the Republicans to fuel speculation on commodities, through its policy of cheap money too. Which penalizes savers, particularly pensioners, whose income depends largely on the level of interest rates …

France is also struck by the syndrome of "biflation", although unlike the U.S. housing market would rank rather camp in the inflationary exuberance for reasons of physical inadequacy of housing specific Hexagon . There is no doubt that the term "biflation" is spreading among us.In the press, swears by the "bimédia" to describe the juxtaposition of newspapers printed (print) and information sites on the Internet (Web). The "bi" is characteristic of periods of transition. Oh so painful periods, as at dawn and dusk, when no one knows distinguish between dog and wolf.

ALSO READ:

"The French feel cut their spending on food

"A basket of food at low prices

Alain Weill, "BFM TV in balance in 2011"

April 7, 2011 - 7:16 pm Comments Off

In February 2011, BFM TV news channel's flagship NextRadio TV, aired on TNT free since 2005, achieved 1.1% audience share, a gain of 0.2 points compared to January . Like the other news channels, particularly given the current international has strongly supported his audience. But not only, according to Alain Weill. "Thanks to TNT in France, the news channels have high ratings compared to other countries. Sky News brings 0.6% audience share, CNN is also below 1%. Coupled with an exceptionally strong news since Christmas, the audience of our channel continues to rise. And the figures for March will be much higher than February. "

Full debate on the allocation of channels compensatory historical chains (TF1, M6 and Canal +) in restitution for the transition to all-digital, the CEO of TV NextRadio supports the initiative of Canal + to diversify the French media landscape. The chain wants to use its encrypted string bonus to launch a general channel for free on DTT in November 2011 (Channel 20). This support may seem ambiguous, even though NextRadioTV was, among others, the source of appeal filed in late 2007 with the European Commission against the award of these bonus channels."On the merits and beyond compensatory channels, TV needs innovation and launch new channels, rather thematic, to be in the same logic as the cable in other countries, which often offer 25 channels Free to the public. "

Also a means to support his own request to award a new channel for a dedicated channel, RMC Sport, and thus build on the success of the radio station RMC. Sport a theme absent today on free DTT but which NextRadio TV would end up competing with the group L'Equipe.This indeed came to announce his intention to stand for him as candidate for a frequency TNT HD to convert L'Equipe TV, currently on paid media, free chain.

On several occasions, Alain Weill has alerted the Higher Audiovisual Council (CSA) on the risk for independent media groups have only a single frequency on the national TNT. What is now the case with TV NextRadio BFM TV, and NRJ NRJ Group with 12. The officer then calls the launch as soon as a call for nominations "on the frequencies identified and made available." Faced with large groups monopolizing the DTT channels (TF1 with NT1 and TMC, W9 M6 …), he is worried about a "conviction in the short term" of his group, as recalled in a letter three days ago the CSA.

To say that BFM TV can not survive only on TNT, there is only one step … Alain Weill is crossed, however. "BFM TV will be at breakeven this year," he says, while the leading news channel on DTT showed another loss EBITDAR of 3.9 million euros in 2010, originally scheduled for arrival at equilibrium. "We'll get there in 2011, but the balance is not enough. Deal with groups that will have up to 7 TV channels, if new entrants must be content with a single string, they will be in difficulty. We need to continue to grow as big players who will perhaps benefit from a bonus channel. The opposite would be unjustifiable. "

"Profound strategic error of historic channels"

For months, the leader of the group created in 2000 with the acquisition of RMC, faces lobbying chains historical headwind at the time to share their share of the advertising market. An argument that virulently opposes Alain Weill. "It is difficult to accept the idea that depends on the procrastination of historical actors who either defend their turf, or make deep strategic errors. Those who say that the advertising market is saturated never came with supporting figures. France is very much behind in terms of advertising expenditures per capita or per GDP. The advertising market can support new course strings. Five years ago, people said the same thing when TNT came, gold M6 has signed an extraordinary exercise. "The evidence for Alain Weill that large groups are better off than before the overthrow of digital terrestrial television. "Especially with the evidence of new canals, historical chains will be stronger and more powerful in five years today."

After the announcement of Canal + Canal 20, M6 has been provocation by claiming his side two new channels. NRJ Group and NextRadio TV are also candidates for the respective launches of HD and Honey RMC Sport HD. If used his bonus channel TF1, at least six new channels would therefore emerge. A bidding war against-productive? "Instead, support Alain Weill.This means that basically, everyone thinks that overall, he must go, we need new channels, while TF1 and M6 are tempted to defend their prerogatives. "

No cannibalization of BFM Business

The group also launched last November declination TV on his radio BFM, BFM Business, presented as the first string of economic and financial information in France. "The synergies with the BFM radio business are strong. It was feared a risk of cannibalization, but there are rather a virtuous effect with a radio sales up 9% over the year. The entire TV division will not suffer the launch of the television, "said the officer who sought to balance BFM TV Business from 2011. Still, it has doubled its TV division's gross operating loss (EBITDA) in the second half of 2010 to 2.7 million with the launch of the channel on DTT Ile-de-France.The cost of the launch was estimated at 1 million euros.

In total in 2010, the group NextRadio TV has made 138.9 million euros in turnover, up 14%. An exercise that has signed the return to net profit (6.2 million euros) after a 2009 leaded by restructuring the group engaged in 01 (net loss of EUR 6 million). "This growth will continue in 2011", concludes Alain Weill.

ALSO READ:

"Canal + will launch a general entertainment channel free"

"The team is ready to launch its channels on the DTT

Courbit ready to open it from its group

March 5, 2011 - 10:52 pm Comments Off

Click on the thumbnail to enlarge the graphic.

"It went faster than I imagined, and it was more complicated than expected," says Stéphane Courbit. In three years, the former head of production company Endemol France, famous for having developed the reality show in France, has built a group active in television, online gaming and energy. A mini-empire of 4,500 employees in 25 countries, whose companies have made last year a total of over 1, 2 billion euros in turnover and net profit accumulated close to 150 million euros.

At age 45, urged the contractor, a graduate of the ISG, which started as an assistant of Christophe Dechavanne before getting a company with host Arthur is ready to move up a gear.To achieve this it plans to open the capital of his personal holding company LOV (reference to his children, Lilac, Vanilla and Oscar) to investors. "We want to go from 150 to 200,000,000 euros in 24 months," says Stephane Le Figaro Courbit. We could bring partners, family investors, because we have plans for large acquisitions in television and gambling on the Internet. LOV could double or triple in size over the next three years. "To begin, Stephane Courbit is ready to sell 15-20% stake in LOV, but wished to maintain control. "Within 3-4 years, we will ask the Stock Exchange," he says.

The increased funding is unquestionably one of his concerns. Until then, to maximize its investment capacity, LOV was always associated with the level of its major subsidiaries.The company holds Stéphane Courbit and a third of Banijay, and the Society of sea bathing has half the activity online games. By opening the capital of LOV, with 300 million fully invested, he will restore the resources to support its subsidiaries, that follows closely. Day by day.

"With the exception of Direct Energy, we are operational in the societies in which we invest. LOV is an industrial group focused on the content and the Internet, "he says. Each business is run by officials in close contact with Stéphane Courbit himself. "I would like to distance, I withdraw from daily life, but it's hard, it's against nature," says the entrepreneur, who feels closer industrialists and financiers high quality business cards. "I worked 15 years in television.I invest in what I understand or control. "Following this logic, Direct Energy is a special case. "Direct Energy is the only investment that is not in the heart of our business, my only opportunistic investment. I went with Jacques Veyrat and the Louis-Dreyfus. I would never have gone alone, "he acknowledges.

In fact, LOV was developed mainly in three areas: gambling on the Internet, television and the Internet. "In total, we invested $ 300 million since end 2007: 100 million in Direct Energy, 100 in TV, 50 in 50 games and the Internet."

Towards a rapprochement with Poweo

For the future, Stephane Courbit intends to develop without LOV away from his heart craft. In gambling online BetClick has become the leader in France in paris sport with 45% market share.The company claims a place in the Top 3 in Europe, but it still has weaknesses. "We could make acquisitions in Spain and Germany," says Stéphane Courbit. In France, the company loses money after investing heavily in marketing last year to take advantage of market liberalization. "We invested 40 million euros in six months. This year, we focus our communication efforts on football by sponsoring Marseille and Lyon.

In audiovisual production, Stephane Courbit has united around its Banijay company, Groupe Arnault, the Agnelli family and Agostini. In three years he has rebuilt a group of 240 million euros, which generates two thirds of the group's net profit.Banijay includes ten production companies in France, Scandinavia, Spain, Germany and the United States.

The idea is to develop original formats in one country for use in all others. "We need to catch the first two sector Endemol and Fremantle and for that we climb up to one billion euros of turnover. The first step is to locate in Britain, an important market that we're missing. We are talking with a British company. "

In energy, the profitable development of Direct Energy is largely related to changes in the price of electricity sold by EDF operators. A reconciliation Poweo would make sense. Stéphane Courbit ranks rather an observer who does not opt out if an opportunity presents itself.

Capgemini is heading towards the emerging

February 17, 2011 - 6:00 pm Comments Off

Capgemini signs a wonderful year 2010. Group counseling and services has indeed recorded at the end of fiscal 2010 net income up in 2010 to 280 million euros, rising significantly by 57% compared to 2009, accompanied by a turnover up 3.9% to 8.697 billion euros a year.

Results higher than what analysts had expected.Ditto for the group's operating margin stood at 587 million euros, or 6.8% of turnover.

"Operating income, it is increasing (+47%) compared to what it was at the end of last year thanks to a sharp reduction in charges, mostly to restructuring charges reduced to 71 million euros in 2010, exactly one third of what they were last year, "says Capgemini in its press release of annual results this Thursday morning pre-market.

Note that the Board of Directors decided to propose to the next ordinary general meeting to be held May 26, payment of a dividend of one euro per share, "against 0.8 euros last year."

In exchange, the action Capgemini closed Wednesday up 2.22% to 39.85 euros in a market capitalization of 6.2 billion euros.Since the beginning of the year, it posted an increase of 14.1% while the index of pan-European technology has earned in the same time a little over 10%.

Growth 'modest'

In the services sector, yesterday, Wednesday, Atos Origin has also published results are healthy in 2010 and is confident for 2011. However, "except the excellent performance of Accenture, which seems very specific, other publications are consistent with our scenario of a weak recovery at Capgemini", noted analysts at Natixis in late January.

IBM has not experienced any acceleration in the fourth quarter, TCS grew by 13% in continental Europe, India for a modest performance guaranteed personal loan approval."Capgemini is mainly dependent on the European market and its high exposure in the United Kingdom and the Netherlands (40% of sales), very dependent on the public sector is a drag on the group," they say.

However, over the year 2010, the UK / Ireland region has seen its business fall by 1.4%, but increase by 7.8% over the last quarter. What is a good sign.But the Benelux countries, who "has seen the past two years a particularly acute crisis, remains the region with the largest annual decrease (-6.7%).

A year 2011 dealt calmly

During the telephone condérence that followed the publication Thursday morning, Paul Hermelin, CEO Capgemini says there is a `recovery in the sector even if it is progressive" and announces it will "double in the medium term from its Sales in emerging markets to 10%. "

Thus, for the year 2011, "the group plans to grow its revenue by between 9 and 10% at current rates and perimeter, and an increase in its operating margin between 0.5 and 1 percentage point compared to 2010 .

"Given the investments that will need to commit to support this growth and improving the business climate more or less rapid depending on the country and trades, it is expected that growth in turnover and this improvement in operating margin of the group will be gradual throughout the year, "says the company.

ALSO READ:

Capgemini launches brand campaign

Atos Origin has met its objectives in 2010

Capgemini pushes his pawns in Brazil

Wall Street did not move before Obama's speech

January 26, 2011 - 12:56 am Comments Off

U.S. stock markets close an uncoordinated, on Tuesday. The Dow Jones lost 0.03%, while the Nasdaq gained 0.55%. On Monday, Wall Street has ended the session sharply higher, particularly encouraged by the good results of McDonald's.

United States, the news promises to be partculièrement charged Tuesday. Nearly half of the components of the Dow Jones to publish their results this week. Today the numbers are expected including 3M, Kimberly-Clark, Johnson & Johnson, Verizon, United and Continental Yahoo.

Barack Obama speaks on the Union

Also planned a meeting of the U.S. central bank, the president's speech Barack Obama on the state of the Union and the first estimate of U.S. growth in the first quarter."The American President could make proposals to reduce the U.S. budget deficit, without affecting its reform of the health system," which would reassure the market, analysts have estimated Aurel BGC. Last week, ratings agency Standard & Poor's was worried about the lack of real political will of the United States to reduce their debt.

Meanwhile, the International Monetary Fund has just raised its growth outlook on Tuesday morning. The world body is now focusing on a global growth rate of 4.4% this year against a previous assessment of 4.2% made in October 2010.

On the macroeconomic front, house prices fell further in the U.S. in November, dropping 0.5% from October, according to the monthly S & P / Case Shiller index released Tuesday.

Consumer confidence has improved significantly in January, according to an index released Tuesday by the Conference Board, which jumped to 60.6 against 53.3 the previous month.

On the foreign exchange market, the euro started to fall on Tuesday after almost touched the threshold of $ 1.37 on a wave of optimism in the euro zone and facing a dollar weakened by renewed anxiety before the monetary policy decision of the U.S. Federal Reserve (Fed).By mid-afternoon in Paris, the euro bought 1.3617 dollars against 1.3635 dollars late Monday.

Google promises coupons to users

Travelers: 3.63% to 57.64 dollars, DuPont: -0.57% to 20.93 dollars

Travelers today announced 2010 net earnings were down 11% to 3.216 billion dollars and DuPont on Tuesday posted fourth quarter net profit down 15% year on year to 376 million and an annual profit up 70 % to 3.031 billion dollars.

American Express: -2.16% to 44.80 dollars

American Express announced Monday after the close of Wall Street have more than doubled its profit in 2010 thanks to higher sales and a reduction in provisions for losses. Net income Group share reached $ 4 billion for 2010 against 1.8 billion a year earlier.Turnover was up 13% over the year as the quarter respectively to 27.8 billion, in line with analysts' forecasts.

Texas Instruments: -0.64% to 34.43 dollars

Texas Instruments has published an annual profit more than doubled to 3.23 billion, the fourth quarter with just exceeded expectations both in terms of earnings as revenue. The turnover of the year for its share increased 34% to 13.97 billion dollars.

Google: +0.75% to 615.66 dollars

Also in the universe of technology stocks, Google announced it would launch a service offering coupons to users, the model Groupon. Groupon caused a sensation last week by rejecting an offer from Google for $ 6 billion.It has since raised $ 950 million of securities from investment funds and specialist investors, which is the largest investment ever made by a start-up.

Amgen: 1.17% to 57.96 dollars

For its part, the biotechnology group Amgen has published an annual profit in a very slight increase to just over $ 5 billion for the full year 2010, with results exceeding expectations in the fourth quarter.The turnover rose 3% to $ 15 billion for the full year, marked by the approval of two new drugs, and the ProLiant XGeva, using both the molecule denosumab to fight against osteoporosis and bone lesions.

Genzyme: -0.18% to 71.22 dollars, Sanofi Aventis: -1.12% to 34.39 dollars

Also in the pharmaceutical sector, Sanofi-Aventis has initiated a recruitment for potential candidates for appointment to the Board of Directors of Genzyme, said on Monday sources familiar with the matter, quoted by Reuters. Sanofi-Aventis has extended its offer again on Genzyme to find common ground on the value of the certificate of conditional value (CCV) Lemtrada attached to an experimental treatment group in the U.S. multiple sclerosis.The offer is extended to February 15, the day before nominations may be submitted to the board of directors of Genzyme.

Fannie Mae: 1.14% to $ 0.48; Freddie Mac: 3.45% to $ 0.51

Also note, the U.S. government does not publish on time statutory report on the future financing giants Fannie Mae mortgages and Freddie Mac said an official in the government. The law stipulated that the Treasury should send the report to Congress no later than January 31, but the official said the government gave priority to his State of the Union, to be delivered by Barack Obama this Tuesday, and the proposed budget 2011-2012, also due in February. "Fannie" and "Freddie" have been placed under supervision by Washington in 2008 to prevent their bankruptcy.Since then, the Treasury has injected 152.8 billion dollars in capital. According to the American press, the report should not take a definitive position, but only move tracks between which the executive would leave it to parliament to decide.

The Asian market fears a Chinese rate hike

December 7, 2010 - 11:52 am Comments Off

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.

China wants to control rising food prices

November 17, 2010 - 2:44 am Comments Off

China wants to control food prices. That's what the official Chinese media revealed Tuesday. According to China Securities Journal, price controls, subsidies for consumers, sanctions against the storage of products and prices are considered excessive and the establishment of a system in which mayors would be responsible for a basket Food products are among the measures envisaged by the National Development and Reform Commission, the main planning body in the country.

Strict measures are up to soaring food prices in the second largest economy in the world: a basket of 18 vegetables, the price has soared from 62.4% in the first ten days of November, compared to the same period a year ago, according to an official from Chinese Ministry of Commerce.Note that, in general, inflation in China in October reached a higher for 25 months at 4.4% over one year. Excluding food, inflation was only 1.6%.

Price control on the part of China already worried the major exporters of the world. In the United States for example, "while many large companies sell at least half of their products abroad, they become more sensitive to this kind of property, especially when they come from China," warns Marc Padio, strategist at Cantor Fitzgerald.

The Chinese inflation not due to any share

"The upward pressure on prices should be monitored. We will continue to maintain appropriate growth of money and credit, "reiterated the central bank governor Zhou Xiaochuan on Tuesday.The institution, in this sense, last week raised the required reserve ratio for Chinese banks – for the fourth time this year – which augurs new measures tightening of credit (interest rates rise, yuan appreciation ) in the coming months after the surprise rate increase occurred in October.

American side, which still closely monitors the economic affairs of China, the U.S. Treasury Secretary Timothy Geithner warned on Tuesday against China that could cause inflation in his appreciation of its currency too low, the yuan.To recap, the rise of China's GDP amounted to 11.9% in the first quarter to 10.3% in the second and 9.6% in the third, a figure still "surprisingly high", according to the World Bank.

The exchange rate of the yuan has slowly appreciated against the dollar since the decision in June in Beijing to let its currency float more freely.

Punish speculators

"The imported inflationary pressures have contributed to soaring food prices in China. International prices of cereals, cotton and edible oil rose sharply, "said a spokesman for the department. For example, in recent weeks, sugar prices are near the highest in 30 years, and cotton have reached record highs of nearly …140 years.

The persons guilty of speculation on cotton and corn will also be severely punished, provides newspaper China Securities Journal on Tuesday. The government, he added, will also uncover any speculative flows presented as a direct investment (FDI).

ALSO READ:

"Christian Noyer:" No person shall manipulate its currency "

Apple continues its expansion in China

October 27, 2010 - 3:08 pm Comments Off

Apple made a new breakthrough in China. The maker of computers and telephones U.S. announced the opening on Wednesday, an online sales site on the world's largest market for mobile telephony. The group of the Apple brand also announced the launch of a version in simplified Chinese characters from the App Store, a site selling downloadable applications for its iPhone and iPad its shelves.

Customers of the Middle Kingdom will be able to order products online, including Apple's newest smartphone, the iPhone 4 or the tablet from Apple iPad. Previously, Chinese consumers were ordering products on the Chinese website of Apple and retrieve objects in a group of four shops located in Beijing or Shanghai.

After initially shunned the Chinese market, where sales of smartphones is growing fast, the American put double our win its new target. Apple had only one shop last year has recently expressed its willingness to open 25 stores in China by 2011. The U.S. group also plans to launch new products on the second notebook market after the United States.

Moreover, electronic commerce is booming in China: it represents tens of billions of dollars each year. Yet for now, Apple is falling behind as the group holds less than 1% market share of online sales of laptop computers, according to IDC research institute. Never mind, the group of the Apple brand is expected soon to crunch new market share.

ALSO READ:

"Apple's second store in China

"Apple Introduces the iPad China Friday