In Asia, the Tokyo Stock Exchange fell by over 2% to 8640.42 points, while China's financial markets have now returned and rose slightly.

On the foreign exchange market, the euro regained some strength to climb 0.83% in late morning at 1.3775 dollars."More than a referendum Greek, what are the consequences of such a decision are disturbing, that the will of the populations of other European countries to express their disagreement through a referendum," said Laurent Berrebi, Chief Economist Groupama Asset Management on BFM Business payday loan online.

In addition, the Prime Minister, François Fillon, will hold talks in late morning with the leaders of banks on the implementation of decisions of the last EU summit and the financing of the economy.

Vigilance on banking stocks

On the corporate side, banking stocks should still hold the attention well after the Greek government has cast doubt on the effective starting date of the settlement of the crisis of sovereign debt area. In Paris, BNP Paribas is leading the CAC 40 (3.99%, to 29.70 euros).

Fitch Monitoring

Then reassure markets about the solvency of the future together. This is the second role of the Belgian and French guarantees granted to the bank.They will enable Dexia, reduced its operating subsidiaries, to refinance its huge bond portfolio until no commitments. Fitch Ratings has nevertheless expressed its skepticism by placing Wednesday under review with negative implications for sustainability of the note Dexia.

Finally, reassure local communities payday loans. They expressed concern, saying that in France they would lack 1-2000000000 funding by the end of the year. However, the pattern of the new local bank – fiercely negotiated by Philippe Wahl (La Banque Postale), Pierre Mariani (Dexia), Jean-Dominique Comolli (EPA) and Antoine Gosset-Grainville (CDC) – "guarantees them instead continuity in their funding, "says one expert."We are working on a solid solution, structured," assured yesterday the Minister of Economy, Baroin.

The structure of this new bank is complex. A first entity, which will provide loans to communities, will be majority-owned by La Banque Postale. Behind, another entity, refinancing this time will be majority-owned by Caisse des Depots. It is this which will take Dexma (Dexia Municipal Agency) and its loan portfolio of over 70 billion. In negotiation, it was expected that guarantee Dexia loans risky. And as a guarantee of Dexia is not worth much today is the state-guarantee against these assets. Post convened last night a special board to validate this scheme, which should be presented in the coming days.

After a ceremony at the station in Tangier, Nicolas Sarkozy will hold talks with King Mohammed VI at the Palais Marshan, during a face-to-head followed by a working lunch. Then he will speak to the press at 17:15 Paris time.

One site to 3 billion

Four years after the announcement, the work can begin. This project should permit the entry into service in 2015 a train up to 320 km / h linking Tangier to Casablanca and reducing by more than half the travel time between the two cities, which will go from 4:45 to 2:10.

Its cost is estimated at 33 billion dirhams by the Moroccan government (3 billion euros) and will be partly financed by loans to prime French, Moroccan funds from Gulf countries and the Arab Fund for Economic Development and social. The European Investment Bank (EIB) was, she refused a competition of 400 million euros, which complicated the closure of the project.

Moroccan media while Germany suspected of having deposited its veto against the funding because of the choice of the Moroccan government to favor the French Alstom in its German competitor Siemens business card.The French group, which had previously exported its expertise in high-speed train in South Korea, Spain and Italy to Morocco will provide 14 trains of eight cars, for $ 400 million euros.

Economic projects

While the French government scans the remark, some commentators believe that the choice of Alstom was used to compensate the loss by France of a contract to supply fighter jets to the Moroccan Air Force, who had to prefer the F16 U.S. Rafale from Dassault Aviation.

This episode now seems forgotten. Nicolas Sarkozy, focused on investment opportunities represented by Morocco, has chosen to take with him two ministers, Eric Besson for Industry and Thierry Mariani for Transport and Secretary of State for Foreign Trade Pierre Lellouche.

The Hexagon is the first partner of the Sharifi kingdom, providing 15% of imports from a country with an average growth of 4.5% to 5% for ten years, accounting for 21.5% of its exports, and employing 100,000 Moroccans in its 750 subsidiaries. Other large projects include the creation time of a Renault factory "zero pollution" with Veolia Environment, which should become operational in early 2012 or Tanger-Med, a huge industrial center and port that participates in a Bouygues consortium.

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Thanks to the recovery of the Tokyo Stock Exchange (2.01% in closing) investors should start looking for bargains on Wall Street.

Caution should however remain in force until the publication of the Beige Book Federal Reserve, the situation report of the institution, as investors sift through clues to identify the extent of the slowdown in the recovery of world's largest economy.

Another highly anticipated appointment in full uncertainty on the economic front, Barack Obama will tomorrow present to Congress a plan for boosting employment, to just over a year of U.S. presidential.The President shall address the Congress partially dominated by his Republican opponents, while many indicators are orange, fueling fears of a plunged back into recession three years after the bursting of the credit crisis.

The U.S. economy has destroyed so many jobs it has created in August, ending ten consecutive months of net hires, and the country's unemployment rate remained at 9.1%. Amid concerns about the ability of elected U.S. agree on how to reduce their deficits and to fight against a debt approaching 100% of GDP, the rating agency Standard and Poor's (S & P) lowered the note early August of this debt, a bad move for Obama.

The euro was up 0.34% to 1.4055 dollars in late morning.The European currency is notably supported by the decision of the Swiss National Bank (SNB) to set a floor price of 1.20 francs per euro. Oil side, in the early electronic trading, a barrel of "light sweet crude" for delivery in October gained 51 cents to 86.53 dollars per barrel of Brent North Sea crude for October delivery 39 cents to 113.28 dollars .

As for values ​​…

The exchange operator NYSE Euronext in August recorded a rise in trading volumes on the cash market and derivatives, both the U fast payday loan.S. and Europe, a trend reflecting strong market activity this summer. In the U.S., sales rose 38.9% to 3.2 billion shares daily volume.At one month, the volume increased by 60%.

Yahoo! said Tuesday after the close of Wall Street's departure from his CEO, Carol Bartz, thanked months only three years after being chosen to revive a society in decline. The group is now looking for a new boss to find the way of immediate croissance.Dans, Timothy Morse, Chief Financial Officer since July 2009, temporarily taking the reins of the web portal.

All Nippon Airways expects to receive the last of the 55 aircraft ordered 787 Dreamliners from Boeing by 2018, said the president of the largest airline.ANA, which will be the first customer for Boeing to fly the aircraft, will receive the first copy of 787 on Sept. 25 and anticipates delivery of 20 additional Dreamliners by March 2013.

Bank of America, experiencing significant challenges, announced Tuesday a reorganization of its management team with the appointment of two new operational directors, David Darnell and Tom Montag, from the ranks of the bank.

Note also a major shareholder of the Canadian Research in Motion (RIM), maker of BlackBerry smartphones, listed on Wall Street, on Tuesday called the "transformations" major in the group or its sale to tone the decline in value of its title.

The oil company Chevron announced the discovery of oil during a drill in the Gulf of Mexico, offshore Louisiana (southern U.S.).

Altera has announced that it expected a sales growth of 2% -3% in the third quarter, against an increase of 2% to 6% previously due to lower demand.

For his part, Darden Restaurants expects sales growth of 6.5% to 7.5% over the year and an EPS growth of 12%. In addition, the company wants to make stock repurchases for 400 to 500 million dollars this year against 300-400 million previously announced.

The American expert group purchases online Groupon, who announced in June its intention to go public, "reassess the timing" of this operation and has canceled a tour dedicated to the promotion of its future trading, reports the Wall Street Tuesday Journal.

Following this announcement, Wall Street closed on a sharp drop of more than 2%. U.S. markets will do on Monday with European stock any procedure they will remain closed for Labor Day (Labor Day observed every first Monday of September).Asian stock markets have instead given with a negative pulse of the market in red. Operators in the region have learned that HSBC index of purchasing managers in the Chinese sector services slowed to an unprecedented low in August. Seasonally adjusted and calculated by the Institute Markit, it fell to 50.6 after 53.5 in July.

No other indicator may move the index is also expected on Monday. One highlight of the week will be the release of the Beige Book Fed on Wednesday night, which will be the summary of economic conditions in regions in the United States.

No recession expected in Europe

The side of the euro area, European Commission President Jose Manuel Barroso, has tried to reassure investors.Traveling in Australia, he said that the European economy would experience in the coming months a "moderate growth" without going into recession. "We do not anticipate a recession in Europe. The latest forecasts from the European Commission show that the growth will be at the meeting, although this growth will be moderate, it is true, "he said in Sydney.

The comments of the Head of the EU executive echoed the lowering of forecasts rating agency Standard & Poor's for the European economy last week. The decision to resurface concerns about the health of the area and the problems of sovereign debt."We do it all, the fight against fiscal problems underlying the strengthening of the governance of the eurozone, the introduction of stricter financial regulation to improve our overall readiness" said José Manuel Barroso.

In morning trading, the euro rising slightly against the dollar at 1.4160 dollar. However, it is dropped in morning trading to a low of three weeks, at 1.4138 dollars against 1.4198 at Friday close in New York.

For their part, oil prices were down in electronic trading in Asia, depressed by the poor figures on employment in the United States. A barrel of "light sweet crude" for delivery in October lost 59 cents to 85.86 dollars per barrel of Brent North Sea crude for October delivery 74 cents to 111.59 dollars.

Values ​​to follow

EDF

The Italian Minister of Industry, Paolo Romani, said Sunday he would meet Monday Proglio about the power company Edison.

ArcelorMittal

Peabody Energy and ArcelorMittal announced Monday it had extended until September 27, the period during which the short bid for $ 5 billion (3.53 billion euros) on the Australian Macarthur Coal.

Societe Generale

The U.S. federal agency oversight of mortgage filed a complaint Friday against 17 major international financial institutions which include the French bank, for a total loss of $ 41 billion in bonds linked to subprime.

Safran, Natixis

Safran's aerospace equipment will make its entry into the CAC 40 index, while the bank Natixis is about to leave, said Friday the Scientific Council of the indices of NYSE Euronext. The changes take effect Sept. 19.

Saft

The American automotive supplier Johnson Controls will pay $ 145 million (102 million euros) to the French specialist in batteries as part of an amicable agreement ending their joint venture in the automotive industry, announced Friday the two groups in a joint statement.

Alstom

The group signed a 66 million euros with Iraq to build a power plant in the province of Nineveh in the north, said the Iraqi Minister of Electricity.

France Telecom

TPSA its Polish subsidiary has announced to contest the fine of 128 million euros that inflicted the European Commission.

After market, environment and Dried Assystem unveil their first-half results.

"Unfair Competition"

This assignment in Paris in addition to two cases brought against Google by 1PlusV in Brussels.The first complaint, filed in February 2010, led the European Commission to investigate Google in November 2010. A few months later, in February 2011, filed a complaint 1PlusV further to extend the complaint to all of its search engines. It accuses two things at Google. First, the search engine "rigged" results in both favoring its own thematic search engines (called "vertical"), as in the book, video, maps, and feeding its index data Public collected without the consent of the site publishers business

Meanwhile, the stock index opens up 0.89% to 3976.79 points. This morning, the Tokyo Stock Exchange edged up despite the resurgence of the yen and Tuesday evening U.S. stock markets have ended in a disorganized manner.

On the macroeconomic front, the number of start-ups in April fell 18.3% to 42,984 compared to March, according to figures from INSEE.

United States, pending the release of Fed minutes to 20 hours per week are expected stocks of crude oil (16.30).

Euro and oil bounce

On the currency markets, the euro continued its momentum by winning yet 0.18% against the greenback at 1.4262 dollar.

For their part, oil prices rose 0.90% to 97.78 dollars, but worries about demand in the U.S. will limit gains, dealers said.

PSA Peugeot Citroën strengthens its presence in Asia

France Telecom expects further consolidation operations or cooperation in selected markets in telecoms, driven by growing investment needs, "said Director of the French group's mobile activities.

Unibail-Rodamco has announced that the Chamber of Commerce of the Amsterdam Court of Appeal had ruled on the purchase price of 660,562 Rodamco Europe NV shares still held by minority shareholders. It has priced shares in Rodamco Europe 87.66 euros per share.Unibail-Rodamco will own 100% of Rodamco Europe following the decision.

Areva and the Commissariat à l'Energie Atomique (CEA) announced the successful takeover offer simplified investment certificates (IC) cons of Areva shares. This will help convert the entire ordinary share capital. The listing of CI will be suspended from May 24

PSA Peugeot-Citroen on Wednesday the foundation stone laying of its third factory in China, according to La Tribune. Like the other two located in Wuhan, central China, the new plant should be able to start in 2013.Initially the plant will produce 150,000 vehicles and 300,000 from 2015.

Technip won a contract from BASF under the Partnership and engineering services for projects of chemistry and petrochemistry.

Atari has announced its decision to sell Cryptic Studios, the development studio acquired videogames there is barely two and half years.

Qatar Luxury Group has repurchased nearly 53% of the leather goods Tanner to 6.51 euros per share and will file a tender offer to purchase the rest at the same price in the days to come, said Tuesday the two entities.

After market, Soitec publish its annual results.

For more than one in four French people, the holiday budget will decrease compared to the summer of 2010. The average budget per person is lowered to 561 euros, against 585 euros in 2010. A previous study showed that even three million French would give up from this year. The holiday will also be shorter: one in three French leave a week or less. This figure is up 56% compared to 2010.And the number of vacationers who plan to shorten their stay to 19%, nearly double the 2010 (10%).

Reduce invoice

About the destination, the political situation in Egypt and the Maghreb also amends the French plans. 90% of them intend to move away because these destinations usually very popular, especially since they promise a stay under the sun for a price among the most reasonable in sunny destinations abroad.

The study found nearly three-quarters (73%) holidaymakers should therefore remain in France this summer. A solution that 44% of them consider also less expensive. The information should delight tour operators who wish to conquer hex local customers. Two out of five French (38%) have, however, on family and friends to host and reduce the invoice and sulk rentals and hotels.They were 32% in 2010.

Result of economic uncertainties, vacationers are more flexible: three quarters of respondents are willing to change their vacation plans to take advantage of a promotion for both the destination, the dates or length of stay. 28% are ready to take advantage of special deals. Internet should be a privileged channel reservation this year. The study found the complaints to compare prices up 15%.

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The latter had been contacted by the management of Renault in the early days of the internal investigation. He then gave his agreement to continue investigations despite the illegality of the information collected, including those relating to account numbers in Switzerland and Liechtenstein. "What interests me since the first second, it is the materiality of that. By any means. And when I say by all means is that the process of the Republic, he accepted that our means were borderline (range, note), because the evidence in criminal cases is free, we intend to say Christian Husson The legal director of the manufacturer.

He adds: "It could very well send us and refuse to walk, he agreed to cover our ways and means were borderline, because we are in the extraterritorial, outside France. So we, we are cushy terms of legal framework and legal stuff. We went in knowing Marino, saying that our ways are extra, extra, extra border. He has covered there. "

Denied "formal"

The prosecutor's reaction was immediate.It "categorically denies having been issued by any authority to conduct informal investigations, even though he led an inquiry by the Central Directorate of Internal Intelligence (DCRI) of which he was already apparent at the time of this conversation, and thanks to information provided by foreign judicial authorities, that the accusations were unfounded by Renault, "said a statement.

"The comments made during this conversation are therefore a manipulation by the misuse of imagination endorsement given by the Paris prosecutor to pursue a private investigation," he concludes.

Dominique Gevrey alerted his leadership

If we believe the registration, Gevrey Dominique, head of security, had already alerted his leadership on the dubious nature of the evidence collected by the "Belgian" paydayloans."We would have expected in late February or early March, we have taken every son of this case which have not been learned. You'll see the DCRI (Central Directorate of Internal Intelligence, ed), you do not wear complaint. Either it tells us to go and see 'Sort this out with your crappy file that you started without us', or so they say, 'OK, we take into account the record'. They are our three Pomeranians (the three executives, ed) monitored, it lasts until July to August or September to October, and then they will fall very slowly. And the case was conducted by the DCRI, "said Dominique Gevrey."It drew attention, but hey, Tixador and Gevrey, in the machine, it is a damn!" He says, alluding to his colleague of safety, Marc Tixador.

Counsel feared money laundering

Another new element from this recording: the suspicion of money laundering which aroused the attention of the group's lawyer. As part of this investigation, the source was in fact paid with money obtained through an intermediary based in Algiers from false invoices. "There on the circuit of money, I'm in a situation where I stopped breathing because that is what I call money.We went out of the money bills, it was given to a person who took out the liquid! And with all that, Ghosn is going to do 20 hours 'Youp Youp' next to Gad Elmaleh or I do not know that! "Irritated John Reinhart.

Despite all these pressures, Dominique Gevrey never given the name of his source at this meeting.

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