World and National News

As demonstrated by these matriochkas high 13 meters, which will adorn the entrance to Grand Palace, the visit of Vladimir Putin, started Thursday night in Paris, sacrifice largely Franco-Russian folklore. It was under the canopies of this symbolic place of French culture that the Prime Minister and his Russian counterpart, Francois Fillon, will open Friday morning a "Russian national exhibition. Previously, the strongman of the country will have breakfast at the Hotel Bristol with Jacques Chirac, then lunch with Nicolas Sarkozy. Fifteen Russian regions, including the turbulent Chechnya will be represented in Paris. A gathering of Russian masters, especially from the aerospace, automotive or pharmacy, will accompany Vladimir Putin.

France, the ninth largest trading partner of Russia

Unlike the two previous visits of Russian leaders in the capital – in November 2009 and March 2010 – no significant agreement should be concluded. In recent months, Moscow and Paris live on their laurels: the future participation of EDF and GDF-Suez in the pipeline South Stream and Nord Stream, the cooperation of the manufacturer Safran construction project of Sukhoi Superjet 100, the Alstom entry in the capital of the manufacturer of trains, Transmashholding. No room for complacency in the face of inroads by Russian companies in Italy and especially Germany.France is the sixth investor in Russia and the ninth largest trading partner countries.

Ads should be reserved for the visit of Nicolas Sarkozy Economic Forum in Saint Petersburg, June 19, in the presence of Dmitry Medvedev: Arianespace is about to purchase Russian rockets, and Martin Bouygues person would enter the Board Skolkovo, a project of Sophia-Antipolis in Russian, which arouses the skepticism of business.

Negotiations on the Mistral

The future of bilateral economic relations is first suspended negotiations started for the purchase by the Russian navy, a helicopter carrier Mistral. Russia, which is counting on France to help modernize its economy, relies on the expertise of the hexagon.

But Paris is reluctant to give Moscow a part of the military technology of this building.It would, however, a "good deal for the French manufacturer," says Vladimir Putin. "A helicopter-carrier as it cost around 300 million euros," added the Prime Minister who wants to buy a copy and duplicating the other three shipyards in the country. The Franco-Russian friendship has its limits.

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The Fed refines its forecast for U.S. growth. Three weeks after announcing a growth across the Atlantic between 3.2% and 3.7% this year, the U.S. central bank announced on Wednesday it expects a GDP of 3.5% for 2010 and "a little "more in 2011. In May, the Fed was between 3.4% and 4.5% for 2011.

The announcement comes one week after the U.S. government has revised upwards its forecast of 3% economic growth for the United States in 2010.

Deficits: Europeans have established a "substantial program"

Referring to the situation in Europe, Ben Bernanke said during a hearing before the Budget Committee of the House of Representatives in Washington, the Fed will remain "extremely attentive to developments abroad and its possible effects on the U.S. economy " Fast payday loan. He said however, "reassured by the answers of Europeans," holding that they have developed a "substantial program" to address their budget deficits."If markets continue to stabilize, it seems that the effects of the debt crisis in Europe on growth in the U.S. are likely limited," said Fed Chairman.

The World Bank predicts growth of 2.9% to 3.3% in the world. It anticipates a GDP between 5.7% and 6.2% this year for developing countries and between 2.1% and 2.3% for developed countries.

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The fall of the euro makes people happy at EADS. Interviewed by the Financial Times Deutschland, the chief financial officer of Airbus, Hans Peter Ring said the group saw again upgraded its earnings forecast after the fall of the euro. The manufacturer was expecting $ 1.40 to euro. However, the single currency has now reached its lowest level in four years at 1.1894 dollars.

This is a boon for EADS, which occurs in the euro area and therefore pays the majority of its costs in euros, but which generates most of its sales in dollars. If Hans Peter Ring said that the rate of the euro would have no impact on short term profit for the group, he still said he would have a positive effect on turnover. "It seems that this will be different about our income because we have more volatility.Therefore, our revenues could be better than what was previously expected. "

No significant impact in the first quarter

In the first quarter, the impact of the fall of the euro on the results of the group was not significant but if the euro maintains its current course, the first signs should appear in 2012, and the effect could be strengthened 2013. "We must be patient," says the CFO. In an interview with German weekly Welt Am Sonntag, Chairman of the Board of Directors of EADS, said Bodo Ubber parity ideal for Airbus would be $ 1.20 per euro.

As expected, the group should increase the proportion of sales paid in dollars."I think we would be shortsighted if we changed this strategy," said Hans Peter Ring.

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The surprises have always been the marketing muscle of Apple. But the presentation of the iPhone could turn to four non-event. This Monday, June 7, at the Worldwide Developers Conference in San Francisco, Steve Jobs is expected to formally present the new version of its iPhone. A difficult task since the surprise had been nipped in the bud by Gizmodo, a blog specializing in the area. The latter was obtained for a fee, a version of the last device that was lost in a bar, then had completely husked, literally as figuratively. Result: Apple expected to miss elements of surprise in his presentation.

At this conference, Steve Jobs should focus on news and updates available for this new iPhone.But then again, few surprises in the program: the company had already submitted the software that will be applied to the iPhone 4 as she presented the platform iad, allowing Apple to develop the market for advertising applications.

According to analysts, a real surprise could come from the announcement of an extension of the exclusive sales of the iPhone to Verizon. So far, only AT & T can sell the unit on the U.S. market. But again, the mere announcement of talks with Verizon would not be a revelation: more rumors, sometimes belied by the operator to move the subject on the canvas for several weeks.

The product's most profitable brand

Although there is hardly any surprise about the iPhone 4, Apple knows that this presentation could take effect with the customer.The iPhone remains an undeniable success for the brand and the popularity continues unabated since its launch in 2007. In the first quarter, Apple said it had passed 8.7 million iPhones, representing a sales growth of 131% over a year.

The turnover of the phone is 5.4 billion dollars against 3.76 billion to $ 1.3 billion for Mac and iPod. The widening gap so quickly that observers now expects a gross margin of between 50% and 60% for iPhone cons 20-30% for Mac. In other words, the iPhone product line will be more profitable for Apple.

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After failed negotiations with the British Prudential, the U.S. insurer American International Group (AIG) is considering other alternatives for its subsidiary Asian life insurance, AIA. Among them, the IPO. "We expect AIG to sell AIA is seeking through an IPO, which will take more time to finalize," warned the credit rating agency Standard & Poor's cited by the Tribune on Thursday. However, according to the Italian daily Corriere della Sera, citing "sources close" to Generali, the Italian insurer is interested in the activities of IAA in the Philippines and China. A spokesman for Generali questioned by AFP, said he was "very premature to talk about" a possible interest group for those assets.The group expects that "AIG waives the original hypothesis (ie the IPO, Ed)" to position themselves as the problem of prices "which has stopped all candidates" was resolved.

The boss of AIG would have been willing to accept the bid for Prudential

The solution of the IPO remains the preferred solution by AIG. According to most analysts, the rating of AIA could yield 15 billion euros. We are still far from the $ 35 billion U.S. insurer hoped to realize from its sale to Prudential, but it would be a way to wait the U.S. Treasury while giving itself the means of selling activities that will repay the 182 billion dollars spent by Washington to save the U.S. insurer.According to U.S. media, Robert Benmosche was ready to accept the offer from Prudential to 30.4 billion dollars, but the Board of Directors of AIG has opposed.

Check Stock Exchange, AIA could also become an attractive target for other insurers. An analyst of Credit Agricole, the subsidiary of AIG achieves better operating results than those of Prudential Asia (15% against 7%).

Once listed, AIA could recover activities of Prudential

According to the Times, AIA might even win market share if its subsidiary Prudential's Asian operations. The British newspaper even suggests the possibility of recovering AIA activities of Prudential of interest.And again according to the Times, Tidjane could finally keep his post of director general, despite criticism from its shareholders in particular.

Bankers value of AIG's Asian subsidiary of AIG's life insurance between 32 and 36 billion dollars. A range that corresponds to those of Goldman Sachs and Citigroup, respectively, between 32 and 34 billion and $ 34 and $ 36 billion.

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Who would have thought? Germany and France have finally decided to combine their efforts to support the euro. Nicolas Sarkozy and Angela Merkel have they understood it was time to coordinate their efforts to support a currency previously sealed by the distrust of markets? Since the famous rumor reports of market intervention by the European Central Bank on foreign exchange markets to support the euro, the single currency has a significant revival. After touching a low of less than a 22 dollar late Tuesday, the euro was close to the $ 1.25 to 19:50.A good time to announce this coordination.

Visit Brussels on May 21

"They agreed that Germany and France will work in close coordination with each other during the meeting which will begin May 21 in Brussels, said yesterday evening, the spokesman for Angela Merkel.

However, President of the Republic, during a joint press conference with British Prime Minister, David Cameron, argued that there was "no disagreement" with the German chancellor. Instead, "there is complete agreement" on the principle to consider new sanctions against the countries of the euro zone whose deficits are too large.

The rider from Germany irritates Lagarde

The two leaders have long debated on Thursday by telephone. No doubt they spoke of the many episodes that have seen the two countries criticize each other via the press.It all started last March, when Christine Lagarde called Berlin had to change its economic policy. Germany was obviously not appreciated that France has registered a record deficit could give lessons to an exemplary country in this field.

Two months later, around Angela Merkel to encourage European countries to follow its example in terms of budgetary discipline quick cash. A rider that markets have not appreciated at all, no more than those conducted by Berlin on Wednesday on short sales. Investors are seeing is a sign of lack of coordination between Germany and its European partners. Christine Lagarde, Minister of Economy, also regretted the unilateral decision.While stating that there was "no distance between Paris and Berlin," the minister argued that the euro was not in danger ", again taking the cons-foot German Chancellor.

"The real problem with the euro area, growth, not debt"

Guests from France 2, the Director General of the International Monetary Fund, Dominique Strauss-Kahn hammered, meanwhile, that "the euro is not likely to explode," recognizing that the risk would be that it "goes wrong" "The real problem with the euro area is not only the debts and deficits, but also and above all the growth.How is it that the International Monetary Fund expects 3% growth in the United States in 2010 and only 1% for the euro area? If the euro area showed a growth of 3%, we do not speak Greek crisis and even less deficit, "said IMF Managing Director.

Europe has always had a strong Franco-German axis

"To Europe, we must anchor Germany," said General de Gaulle. Europe has always had a strong Franco-German axis: De Gaulle and Adenauer, Giscard d'Estaing and Schmidt or Mitterrand and Kohl. Put under pressure by the Greek crisis, Merkel-Sarkozy axis must reaffirm its strength to ensure a better economic governance.

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