World and National News

Promise to all first place overall, China will soon add a line to his list. From 2013, spending by Chinese tourists will exceed those of the Japanese in 2020, they will be shoulder to shoulder with the Americans, the current leader.

A recent study by the Boston Consulting Group (BCG), the expenditure of the Chinese during their travel in their country and worldwide will grow 14% annually to reach 898 billion dollars (638 billion euros) in ten years. In other words, China is poised to become the second largest market for travel agencies, and will overtake the U.S. in recent years.Rising incomes and the desire to travel are such that each year 25 million Chinese will go sightseeing for the first time in ten years

These expenditures will cover half the cost of travel themselves, and half of various purchases including luxury goods. It's rather good news for France all that travelers do not buy only for themselves but for their knowledge. Indeed, more than half of them would leave with a shopping list.

These travelers from mainland China but also Taiwan, Hong Kong and Macao in 2020 will represent a quarter of tourists landing in Japan or South Korea.In Europe, the arrivals will be multiplied by four, but Asia is still a preferred destination.

This desire to discover the planet has been anticipated by the national tourist boards who scrambled at the last international fair in Shanghai. If the flag of France was busy, that Denmark has created the event. It hosted the Little Mermaid in Copenhagen, which for the first time leaving his country. The game is worth it: 100 million Chinese tourists are expected worldwide by 2020 against 5.5 million now. If the United States, Australia, and Japan – the study was conducted before the catastrophic cir March 11 – are the three destinations, France is ranked fifth behind Thailand but ahead of all other European countries . Paris and shops have not lost their power of attraction.

The NYSE is expected to open very slightly up on Tuesday. Always concerned about the situation in Japan, investors should still play the card of caution and avoid taking positions marked. Futures on Standard Poor's 500 and Nasdaq 100 advanced in effect respectively 1303points 0.10% and 0.20% at 2300.25 points. Monday, after a session with little relief, Wall Street ended slightly lower after pausing its strong rebound from last week.The Dow Jones lost 0.19% to 12 197.88 points, the Nasdaq 0.45% to 2730.68 points and the Standard & Poor's 500 has sold 0.27% to 1 310.19 points.

On Tuesday morning, the Nikkei ended down slightly from 0.21%, remaining very tense climate in Tokyo, where investors are still worried about the state of the Fukushima nuclear power plant and the slow work of restarting the reactor coolant system.

On the foreign exchange market, the euro continued its rebound against the dollar Tuesday, still worn by speculation about an increase in the anticipated interest rate of the European Central Bank (ECB).Around 11:15 in Paris, the euro bought 1.4122 dollars against 1.4092 dollars late Monday.

On the macroeconomic front, two indicators are expected in the U.S.: housing prices (Standard Poor's / Case-Shiller index) from January to 15.00 (13H00GMT) and the Conference Board consumer confidence in March at 4:00 p.m. (1400 GMT).Investors should stay on their guard before the release Friday of U.S. employment figure for the month of March, the main highlight of the week at the macroeconomic level.

The side of values, the transaction platform Bats Global Markets has asked securities regulators to be able to rate corporations from the fourth quarter of 2011, entering into direct competition with the two major U.S. markets, NYSE Group NYSE Euronext and Nasdaq.

Wal-Martva Tuesday to ask the U.S. Supreme Court to invalidate the largest class-action suit in history, led by employees accusing the group of sex discrimination low fee pay day loans. These employees are accusing the world's largest distributor of paying men more than women and give them fewer promotions.This judicial business a decade ago, could potentially affect millions of women and cost several billion dollars to the American group. Financial analysts and experts believe that if judicial defeat Wal-Mart, with a turnover of over $ 400 billion (283 billion euros) last year and recorded a net profit of 16 billion would have sufficient cash to pay large indemnities.

For its part, the American specialist DIY Home Depot going into debt of 2 billion dollars to expand its program to buy back its own shares, to 3.5 billion over the single year 2011, according to a statement on Monday evening. The DIY chain has confirmed the same time its forecast for a 2.5% increase in sales for the fiscal year.His current earnings per share from continuing operations is expected to increase 9.5% on a fully diluted basis, to 2.20 dollars, before impact of share repurchases in progress.

The New York Stock Exchange threatened to delist the company American Apparel of the coast, because of financial difficulties. The stock market has prompted, in a letter, American Apparel to publish its full results for 2009 before April 5.The filing of the annual report with securities is indeed a condition to remain on the coast.

Also note, the U.S. online retailer Amazon is planning to launch a service for storing videos or music online for individuals, which would be accessible from several digital cameras, says the Wall Street Journal reported Monday on its website.

For his part, Health Care REIT Inc. has announced the creation of an interest group with Benchmark Senior Living valued at $ 890 million and involving 34 high-end residential complexes for seniors.

TF1 and M6 have already paid the price announced by Canal + for the creation of Channel 20, his future free channel. On Friday, two private television groups lost an Exchange 3.5% and 1.5%, while Vivendi, the parent company of Canal +, remained stable. M6 has refused to respond, saying that "if the ad is not neutral and should be studied, we do not do dictate our schedule by Canal +. M6, which has been saying for weeks that it is desirable to declare a moratorium on the strings "bonus", looks forward not to dispose of his composure. For his part, TF1 "takes note of this decision" and says "it's not a surprise."

The wind market has ambitions of Canal + to its new general entertainment channel and free, Canal 20, the cost grid of 100 million is much higher than that of the digital channels like TMC, W9 or Direct 8.The news from TNT, created six years ago, would be the first impacted. Armed with the power of the Canal + brand and quality of its promised programs, task group would build on an audience share of 3% the first year. Either that, today, the best digital television channels. At cruising speed, the goal of Channel 20 would reach 7%.

The advertising market welcomes the future channel: "It will be a chain that will rely on the expertise of this group in terms of program quality and marketing, said Sebastien Danet, president of ZenithOptimedia (Publicis). This is a new generation of television that breaks with the usual programs valves.This channel is attractive to advertisers and the marketplace – estimated at 3 billion euros of net revenue pub – has something to absorb between 3 and 4 new chains, "says he.

Opposition Brussels

A view not shared by the government. Rue de Valois, it is said that Frederic Mitterrand, the Minister of Culture, "monitors the folder as the milk on the fire." "Canal + does not take his desire for reality and it is out of question to destabilize the market," it whispers in the corridors of power.

The government plans to bring the State Council as to whether Canal + has the right to use his compensatory channel to launch a chain free. If there was damage at the launch of DTT, it can be for Canal + on the market for pay TV, does it advance.The State is even more vigilant than the European Commission opposes the allocation to incumbents of these chains "bonus" granted to offset the cost of switch-off. Brussels will be another issue to be resolved: the purchase by Canal + Orange Cinema Series, his only competitor in the market for pay TV. Now the group appears Bertrand Meheut able to dictate prices to the market. Instead of offering only some 200,000 euros an hour for an American series broadcast on a free channel, Canal + will offer 100,000 euros extra for paid circulation. What can not offer other media groups, lack of pay TV. A month ago, Canal + has acquired all the rights of future mass-Universal, The Event.

The group also has relationships with leading French film producers, as EuropaCorp, Thomas Langmann, Pathé and Gaumont. The negotiations at MIPTV, the grand salon that opens international programs at Cannes in a week may be tough.

Phone or watching television, he will soon choose? This is the problem that may face the government. The latter intends to soon auction the frequencies of 4G mobile phone. He hopes to withdraw two billion euros. But the first tests conducted on these frequencies gave a very surprising result. The wave of 4G "pollute" the frequencies of digital terrestrial television (DTT).

Orange, SFR and Bouygues Telecom, who conducted an experiment near Laval in Mayenne with technical broadcaster TDF, have had bitter experience. The results are worrying: operators have observed interference between the frequencies 4G and TNT. Consequently, television has been cut in some homes. "With the old analogue television interference created a confused picture, snow on the screen.With TNT, it's all or nothing or the image is good or is the black screen, "says a specialist frequencies. It is not appropriate to talk about black screens minimizes the National Frequency Agency (ANFR), while acknowledging that "there may be circumstances, for some channels transmitted at frequencies close to those of 4G, that reception is fuzzy. "

Difficult to know how many French might be concerned. Those who receive television via a box connected via ADSL or fiber optics are not affected. However, the problem arises for some individuals who receive terrestrial Freeview, which is still the case for the majority of the population. "The band frequencies for telecom has been released, it is clean. But the television sets in homes remain unchanged and are a bit sensitive.The problem is the receivers, "said a specialist frequencies.

Worse in cities?

After this first experiment in rural areas, operators fear that disruption of television is even worse at the heart of cities. The border areas are also vulnerable to disturbance with neighbors. It is possible to overcome these disturbances, according to experts, by installing filters on satellite television which individuals would be disrupted. But the telcos do not want to take the responsibility and funding for such operations, custom and random, requiring the establishment of specific and complicated logistics.

This technical problem embarrass the authorities. The Ministry of Industry, but also ANFR and regulators (CSA Arcep) examine all currently on this sensitive subject.Yet this technical problem is common to other European countries. For example, Sweden has put in place a mechanism to protect television reception. Britain has launched a one-year experiment that will end in 2012.

But the French government, which has already planned to account for two billion from the sale of spectrum in its next budget, does not change the calendar. The tender to be launched in April, nominations should be submitted in May and July, and the licenses granted in September. Operators themselves, want to know what frequencies are really worth before buying them … and especially to pay the price.

The war of the taxis Avignon button does to an end? According to Le Parisien – Aujourd'hui en France published on Tuesday, the low-cost airline Easy Take was removed by the board of registration Trump France, the national tourism agency. Since January 2010, twenty company vehicles transporting clients in Avignon and the surrounding reservation. To lower prices, the company uses advertising space on cars and on screens inside. Result: Racing sometimes two times less expensive than those charged by taxis in the city, which has aroused the discontent of taxi drivers in Avignon.

In early March, nearly 900 drivers have organized an operation snail in the center of Avignon to protest the "unfair competition" Easy to Take. The unions accuse the new taxi company does not comply with the law by practicing marauding Easy Take denies that.In the context otherwise difficult, low-cost airline would, in their view, a decrease of 30% of their business.

According to Le Parisien, Aujourd'hui en France, the registration committee relied on four PV prepared by the police from Avignon to revoke the license of "passenger cars with driver" Easy to Take. The Kangoo society would neither comfort nor the identification of this category of vehicles and in fact exercise the profession of taxi cash advance no faxing.La decision should be applied upon publication in the Official Journal.Easy Take states, meanwhile, had "received no official document" and "not knowing what [he] is accused."

One of the two licenses already lost

Already on Monday night, Take Easy confirmed to have lost his license for "passenger cars with drivers" but indicated another to keep 'road passenger transport, which enables it to carry at least two people. This activity represents, according to the company, 97% of its turnover. "We will therefore rely on our second year and perhaps not to transport people only for a short period", told AFP Rotureau Elsa, spokesperson for the company.

The loss of the second license would, this time, the death knell of the ambitions of Easy Take reported that it invested one million euros to start. The Court of Appeal of Nîmes is also making its decision on April 19.The union of taxi drivers asked of Vaucluse to order the cessation or prohibition of exercise of Easy Take.

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Change of Cast union. On Thursday, the 150,000 employees of the station go to the polls to elect their representatives and staff representatives to the works council (EC). The importance of the vote over the walls of the enterprise when you know the weight, especially labor, public enterprise in social conflict.

The game of musical chairs should not however lead to a revolution since the last vote in March 2009, which applied for the first time the new rules for union representativeness, has already cleaned from organizations authorized to negotiate with direction. FP, combined with the CFE-CGC, CFTC and had paid the price in not more than, at national level to below 10%.Eight unions serving historically EC, SNCF had increased to four, only the CGT, UNSA and SUD-Rail and the CFDT, combined with autonomous Fgaac drivers (11.6%) had survived so.

But things have changed in two years. The voting takes place this time in the wake of serious conflicts that have proliferated in the spring and fall 2010. CGT-rail was heavily involved cons including pension reform and has been at the forefront of the challenge by pushing the railroad renewed strike. No results. In choosing their ballots Thursday, employees of the SNCF may thus, perhaps, to punish the hard-line union which resulted, on the eve of Christmas, by diverting their payroll.Now led by Gilbert Garrel – who took over in late November, Didier Le Reste, who retired – the CGT federation should retain its leading position but it is not, so, in the shelter of a small movement of the plane. Including the benefit of SUD that has progressed at all elections which were held since November in the historic bastions CGT. Its poster campaign on saving the cargo, which has led to heated exchanges with other federations, should not however affect.

For its part, the CFDT has set a target of 15% of the vote and hopes to exceed, together with the UNSA, the 30% threshold that would give these two central reformers the opportunity to sign an agreement with the direction, that right now only the CGT.

Busy schedule

The issue of deferrals of votes of the CFTC and FOR, eliminated the game in 2009, will be dominant in this regard.Like the weight of the Independent Federation of rail and transport unions (First), born of a split of the CFTC, which was invited on board to organize and call, waiting to come to vote TF. Remains unknown: the participation of employees who had reached 74% two years ago.

The newly elected officials will not have time to savor their victory. A roundtable is scheduled for May on pay, a sensitive issue at the station. And an agreement on provisional management of employment must be negotiated by the end of the year.

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The green should still be part of this Friday. Parisian operators seem determined to finish the week higher. The CAC 40 ended on a rebound by 2.43% yesterday and is expected to continue his journey in positive territory, in the footsteps of Asian indices. This morning, the Tokyo Stock Exchange also ended on a 2.72% increase.

This relief usually follows the decision of G7 finance ministers to intervene to halt the yen, which penalized markets. On the night of Thursday to Friday after a conference call convened by France, which currently chairs the G20, they decided to take action "concerted" on the foreign exchange market. "This is the first coordinated action since 2000, so it will have a huge resonance in the marketplace," said Kathy Lien held, GFT in New York.This decision has actually had an immediate effect: the dollar has fallen over 80 yen in Tokyo, a day after a record at 76.36 yen.

In this action was grafted a new intervention of the BoJ. The latter said it had injected 3 trillion yen (28 billion euros) Friday on the money market to support the economy, bringing to 37,000 billion yen (333 billion) of its total contribution since the beginning of the week.

No increase in Fukushima

Finally, operators learn with relief that the Japanese nuclear situation has not deteriorated.As pointed out by the IAEA, the situation remains worrisome in the Fukushima plant, but it has not worsened since Wednesday.

Side indicators, a relatively quiet day ahead of the publication of the index of consumer prices in Germany in February and the trade balance of the euro area in January.

Lafarge viewfinder S & P

Lafarge

The rating agency S & P aabaissé his note on the cement to "BB + / B 'with stable outlook.

EADS

Airbus was the first indicted Thursday for manslaughter in connection with the investigation into the crash of Flight 447, Rio Paris, which had been 228 casualties on 1 June 2009. In addition, the helicopter manufacturer Eurocopter has announced yesterday the construction of a new plant in Mexico to an investment of $ 550 million (390 million).

Societe Generale, Credit Agricole, BNP Paribas

The European banking supervisor on Friday unveiled new assumptions tests strength of European banks, judging criteria "more severe" than the previous year which had been criticized for its laxity.However, contrary to what she had planned earlier this month, the European supervision of banks (EBA) has not published the list of establishments that would be subjected to these tests.

Renault

Thursday, after an interview with Carlos Ghosn, CEO of the automotive group, Christine Lagarde, Minister of Economy and Eric Besson, Minister of Industry, reiterated a "thorough audit" had been requested on this matter " to identify the origin of recently observed failures within the company. "

NRJ Group

The group reported a turnover up 4.1% to 343.6 million euros, while net income group share was increased fourfold to $ 32.3 million euros.

Sodexo

Its U.S. subsidiary has filed a complaint Thursday against a civil union Service Employees International Union (SEIU) which it accuses of illegal practices concerning unionization of employees.

NYSE Euronext

The proposed takeover of cons-Nasdaq OMX Group is facing a dispute with his partner approached, the IntercontinentalExchange, the Wall Street Journal reported on its website Thursday.

Total Petrochemicals

The group is putting into operation a new unit of 50,000 barrels per day refinery in Port Arthur, Texas, said a spokeswoman on Thursday.

Archos

The group sper double its sales in 2011 and return to profit by betting on the booming market of touch pads, but warned that the Japanese disaster may have affected his production, "said CEO and founder Crohas.

Markets are extremely fragile. The Cac 40, which attempted to regain the path to higher opening on Wednesday (0.53% to 3800.83 points) quickly changed his tune. At midterm the CAC 40 fell by 0.72% to 3753.56 points, before dropping to 2% when the EU Energy Commissioner found that the situation in Japan "out of control." "I do not rule out the worst in the hours and days to come," he said Tuesday.

In addition, the Environment Minister Nathalie Kosciusko-Morizet dreaded "nuclear catastrophe from the central Fukushima" in arriving Wednesday afternoon at the hearing of the nuclear industry in the National Assembly.

Around 16:45, the Paris index was slightly recovered, but lost another 1% at 3743.23 points.Other European markets are also struggling: the Dax in Frankfurt Stock Exchange which had opened higher yields of 0.73% 1.27% to 6563.24 points and the London Stock Exchange which started on a slight gain 0.10% declined from 1.05% to 5635.21 points.

The operators first tried to follow the positive momentum from Asia this morning, which allowed the Japanese Nikkei to close on a technical leap of 5.68%, and led the other places in the region in the green . Intensive hunting for bargains in the indices increased in a climate a bit calmer after further intervention by the Bank of Japan (BoJ). This has injected 3.5 trillion yen Wednesday (31 billion euros) in the money market, bringing to 26,500 billion yen (234 billion) the total sum provided by the BoJ to the interbank market since Monday.But the trend remains fragile in the wake of widespread declines sessions to all European markets, and to a lesser extent, the U.S. exchanges.

The trust is indeed far from being restored while the nuclear situation in Japan remains very critical. Radioactivity measured at the entrance to the central Fukushima reached a new peak around 10:45 am local time, reported the Japanese Nuclear Safety Agency. "The level of radioactivity near the entrance varies greatly from hour to hour at levels that continue to be harmful to health," said government spokesman Yukio Edano.In addition, a strong earthquake occurred Wednesday at mid-day (this morning in Paris) east of Tokyo, where buildings have long trembled.

New flurry of indicators in the program

Markets should also keep an eye on indicators of the day, again numerous. In Europe, registrations of new cars rose 0.9% yoy in February, the first bounce after ten consecutive months of declines, according to figures released Wednesday by the European Automobile Manufacturers Association (Acea).

Inflation in the euro area rose to 2.4% in February over a year, Eurostat said Wednesday. It was 2.3% year on year in January from 2.2% in December and 1.9% in November. Rising prices rose 0.4% in February compared to January.

United States, the Labor Department will publish the price index for production at 13.30.At the same time will the housing starts and the balance of current accounts. Finally, at 15:30 will be published weekly petroleum stocks.

On the currency markets, the euro has stabilized at 1.3977 dollar.

Values ​​to follow

As for values, securities directly or indirectly exposed to catastrophe Japanese started to fall again after regaining some colors in early trading personal loans for people with bad credit. LVMH fell by 0.87% to 103.03 euros and Hermes of 1.13% to 144.05 euros.Only the investment certificate Areva bounced 2.85% to 29.62 euros after its tumble over the last three sessions.

EDF: -0.49% to 28.42 euros

The electrician French and Italian A2a confirmed Tuesday the six-month extension of their shareholder pact in Edison to take the time to reach agreement on the restructuring of their partnership.

In addition, the group is preparing to send "teams" and "equipment" in Japan to help the company Tokyo Electric Power (TEPCO), which operates the nuclear plant in Fukushima, cope with the consequences of the tsunami, said Wednesday the company's CEO, Henri Proglio on RTL.

L'Oreal: + 0.41% to 78.40 euros

The president of Yves Saint Laurent Beauté, a subsidiary of LVMH, told Reuters that his company intends to almost double its turnover in five years to reach the one billion euros, thanks to the lever Asian and climb well the club of top five global brands of cosmetics.

Alstom: + 0.50% to 38 euros

The CEO of Alstom, Patrick Kron, said he still opposed the entry of Mitsubishi Heavy Industries in the capital of Areva.

Renault: + 0.31% to 37.67 euros

The money paid by the manufacturer to pay the false information intended to support the charges of espionage brought against three of its executives has been partially solved in a Swiss bank account opened by one of his security guards, shackled Duck wrote on Wednesday.

Note that the manufacturer has sales up 2.8% in February over a year, according to figures of registrations of the European Union. For his part, Peugeot (2.48% to 27.22 euros) sees his own shrink by 5%.

BNP Paribas: -2.21% to 50.81 euros, Societe Generale: -2.12% to 44.83 euros

The banks are down sharply after Moody's lowered the rating on Tuesday night in Portugal two notches to "A3" with negative outlook, raising fears about sovereign debt of countries known as peripheral euro area.

Bollore is optimistic

Bourbon: -5.37% to 32.01 euros

The group released Wednesday 2010 earnings fell sharply, mainly because of difficult market conditions, but the group estimated that the average utilization rate of its fleet to continue to improve gradually.

Transgene: -4.83% to 11.23 euros

The group referred to tackle 2011 with confidence even though the French biotechnology company has continued to widen its loss in 2010 and some of his projects have been delayed.

Mersen: 33.64 EUR -3.25 EUR

The group said Wednesday expect for 2011 a slight improvement in profitability and renewed growth, albeit slow, its sales from the electronics and solar energy.

Bolloré: + 1.18% to 154.15 euros

The group reported a 40% increase in operating profit in 2010 thanks to its growing transport business, logistics and port handling.

Zodiac Aerospace: + 1.62% to 47.72 euros

The group raised its revenue forecast for 2010-2011 after a second quarter better than expected thanks to the recovery of the aviation sector.

EPA will report on its February traffic. Ruby, Stallergenes and Boiron reveal their annual results after market close.

After two months of fantastic imaginary spy story, the direction of the manufacturer was nice apology and promises of compensation or reinstatement against three executives unjustly dismissed, she failed to calm the criticism. For now, the questioning is limited at Renault. Carlos Ghosn, CEO of the group, has announced an audit group in identifying deficiencies and renunciation of DG premiums 2010, but has ruled out resigning.

The epilogue of this fiasco was not particularly convinced that the state owns 15% of the manufacturer. "Amateurism improbable" that Renault has shown in this case is that "we can not leave it without further action," even if the resignation of Carlos Ghosn is "not the subject today," said Tuesday Baroin, spokesman of the government.He added that the decision of the CEO to give up his bonus and stock options was "the least of things."

"It's good that the president of Renault has introduced immediately his public apology," said Eric Besson, Minister of Industry. But "this is not the end of this internal history," he said, adding that an "audit" was asked to "know their exact responsibilities in the company." Its findings must be presented April 28 at the board manufacturer.

Martine Aubry, the first secretary of the Socialist Party, for its part said that "when an employee makes a mistake in a business, he did not apologize, he is outside." According to her, "Carlos Ghosn would take a little more impact."

Broken spring

Conversely, the main trade unions have stood together with management."This is not the time to knock heads, we're not there, we want to know more about the merits of the case," said Gerard Blondel, Delegate Central CFE-CGC. "Beheading the company would add a fix on the stack, without providing a solution to the shortcomings revealed by this case," adds Fred Dijoux, CFDT. "It would be premature to introduce new charges and disciplinary proceedings before letting justice do its work until the end," according to the CGT.

"Sanctions will come later, if the audit reveals that beyond a given trust too easily, misconduct were made in decision making," said a member of the steering committee. "A dozen" of executives were involved in this case, the group said.For now, only members of the security is "subject to disciplinary procedures."

Among employees, some are much more severe than their representatives. "Logically, if someone has made a significant mistake, he was fired. There, the leaders abandoning their bonuses, but remain in place. This will not help clean the atmosphere, "said one executive who wondered" why the pretext that it controls both Renault and Nissan, the CEO would be untouchable? ".

The unions, however, require a comprehensive reform of governance mode. "Arrogance, conceit and dogmatism leaders Renault must give way to respect and listen to employees" has dealt the CGT. A director employee does not always explained "why no one has raised the red card internally for over two months."For him, directing, which invested heavily in the electric car, "was blinded by his fear that the business is in jeopardy" if the information leaks. At the point of being paranoid.

Having apologized to log 20 hours, as requested by Michel Balthazar, one of the executives dismissed in Le Figaro, Carlos Ghosn on Tuesday sent a similar message to employees via the internal intranet. It will take time to restore confidence in management. "This story will leave a legacy, perhaps indelible," said a representative of the CFE-CGC. "There is a spring that is broken or damaged, sighs Fred Dijoux Meanwhile, the CFDT. We'll have that many leaders make show of humility to leréparer.

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Difficult to imagine sitting in the green Monday in the Paris Bourse. Already upset Friday by the earthquake and tsunami that hit on Japan, the Cac 40 would be difficult to bounce back when the alarming news unfold. The Japanese government thus evokes a loss that would have a "considerable" on the national economy, adding that huge funds needed to finance the reconstruction of the areas tested.

Serious malfunctions at nuclear power plants in the region ravaged quicken concerns about the consequences of this disaster on all Japanese companies and the entire region. The Bank of Japan (BoJ) tries to calm markets by injecting funds into the financial system records. At midday on Monday, already 15,000 billion yen (131.6 billion euros) have been released.But this news has not been enough to reassure the markets of the region, primarily the Tokyo Stock Exchange, which has unscrewed from 6.18% at closing for its first full day of trading since the disaster.

Concerns from Asia should also largely occupy the mind for that day. Indeed, no major indicator except industrial production in the euro area in January, is expected Monday. It will wait until Tuesday for a news might make a difference in publishing in the U.S. index of house prices and the Fed decision on rates.

Oil and euro down

In this tense environment, oil appears down in electronic trading in Asia, the market worried about a drop in demand in the short term hit in Japan.In morning trading, a barrel of light sweet crude for April delivery fell by 1.28 dollars to 99.88 dollars. That of Brent North Sea crude for April delivery yielded 1.39 to 112.45 dolalrs dolalrs.

On the currency market, currency dramatically raised the yen against the other currencies. The intervention of the BoJ has helped slow the sharp rise of the yen against the dollar. Around 10:30 am Tokyo time on Monday, the dollar went back to 82.20 yen after falling to 80.60 yen on Sunday, its lowest level in four months. For its part, the euro fell to 112.47 yen.Against the dollar, the European currency remains stable this morning at 1.3939 dollar.

Values ​​to follow

France Telecom

Orange and the Kuwaiti Agility will acquire a 44% stake in mobile operator Korek Telecom Iraq, announced Monday morning the French incumbent in a statement.

Bolloré

The group on Friday signed a contract worth 500 million euros with Guinea for management of container port of Conakry, the capital of the West African country, state television reported.

Sopra Group

The group announced its intention to hire 2,500 people in 2011 in Europe, 1600 in IDUs in France in the consulting, systems integration and software development.

Altran

The French group technology consulting has reported a net income Group share loss of 26 million.The group said to be in talks to divest all of its activities in Brazil. He anticipates continued growth at a high level in France in 2011 and continued improvement of its operating margin in 2011.

Renault

The manufacturer faces a new twist in the case of alleged espionage. Dominique Gevrey, one of three security officials of the group, was remanded in custody to view this weekend. He is indicted for "organized fraud" and jailed in January following the dismissal last three frames of the group.