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Estoppel to potential buyers of SeaFrance. The Commercial Court of Paris on Monday gave the liquidation of the French company SeaFrance ferries in the Channel, but now the activity until January 28, 2012. The court found that the two takeover bids submitted by Louis Dreyfus Armateurs (LDA), associated with the Danish DFDS group, and the CFDT union in the enterprise, were not satisfactory as it stands. However, he left the door open for the submission of new offers before December 12.

SeaFrance employs 880 permanent employees and 200 CDD, according seasons. The plan proposed by the LDA-tandem DFDS provided for the protection of 460 FTE jobs, maintaining SeaFrance under the French flag, the recovery of three ships 5 million and an investment of 50 million for repairs to boats.

Will this be enough there to counter the inexorable push Samsung? Probably not.

Korean became the first vendor in the world of smartphones in the third quarter, Gartner said. In one year, sales of smartphones have tripled to 24 million units. Far ahead of the 17 million iPhones sold by Apple on the same quarter.

One in four is a mobile smartphone

The Battle of the smartphones is more important than this is the most dynamic segment fast cash advance. Sales of mobile in the world increased by 5.6% year on year to $ 440 million, while those of smartphones grew 42% to 115 million. This is also where manufacturers achieve the highest margins. "The smartphone market growth slows.

Why not commit either insurance-in logic to encourage banks to provide easier credit for small amounts to small businesses? The role of banks is to finance the real economy, SMEs should not be suffocated by a restriction or a costly credit.

Should there be a bank for SMEs involving the ISP, OSEO under the auspices of the Deposit?

The subject is to better inform business leaders on existing mechanisms and, for that, the best way is to centralize information in one place, easily accessible, the management could be entrusted either to OSEO, either the Deposit guaranteed payday loan.

What ideas will you be strong in the context of presidential elections?

There is no question for the CGPME to give voting instructions.

Financial markets have returned to levels before Europe Agreement. After the Greek Prime Minister George Papandreou announced a referendum by the Greek end of the year, the Cac 40 lost more than 9% over the last three sessions to fall below the 3100 points. Heads does one to a fourth consecutive session of decline? Not so sure if we are to believe some positive signs tangible and despite a sharp decline in the Tokyo Stock Exchange over 2% to 8640.42 points, China's financial markets have now returned and grew slightly.

Moreover, after falling more than 3% over the last two sessions, the euro started from the front, going above the $ 1.37 mark at 1 paydayloans.3735 dollars (0.53 %).

Thus, the CAC 40 futures contract maturing in November rose 1.7% to 3120 points."The hopes are placed in a sign of further easing to come, to ensure that the U.S. economic recovery do not bow," said Jonathan Sudaria operator for Capital Spreads.

France and Germany asking for explanations in Athens

On Wednesday evening, the markets will be attentive to the scheduled meeting between Nicolas Sarkozy, Angela Merkel, George Papandreou and the IMF. A meeting which follows the approval last night by the Greek government for the holding by the end of a referendum on the European Agreement last Thursday.

April 2012: fifty-four nuclear reactors in Japan are at a standstill. Not a nuclear power plant does not produce a kilowatt hour. Whereas before the cataclysmic tsunami of March 11, 2011, they provided 25% of the electricity of the Archipelago.

This scenario of a sudden release of nuclear energy in twelve months is not the political fiction. It is seriously considered by officials and experts. Asked about this possibility by Le Figaro last week during his visit to Paris, the new Japanese Minister of Economy, Yukio Edano, kicked into touch. And answered: "We have confirmed the safety of reactors stopped before restarting. I can not tell you when. "

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Currently, only ten of fifty-four reactors are in operation Payday Loan for Bad Credit.Given the economic downturn, electricity consumption is expected to decline 4% this year compared to 2010.

Gas purchases up

To compensate for the cessation of nuclear power plants, Japan has a large fleet of oil-fired power plants, coal and gas but several were damaged by the earthquake. The Japanese also built in recent years of LNG terminals to house liquefied natural gas (LNG) imports. Tokyo has spent the last months of gas contracts with Qatar and Indonesia and in July, its oil demand rose 4% year on year.And purchases of gas to run them at current price, would cost between 15 and 20 billion.

While managing the emergency, the government of new Prime Minister Yoshihiko Noda has promised to set a new energy policy in the summer of 2012 to 2030.

An order in 2004 and a law in 2008: Both were necessary to bring the PPP (public private partnership) to be baptized in France. But since the formula was an unexpected success.

According to experts gathered at the end of last week on the occasion of international meetings of PPP, 104 such contracts have been signed. The European Investment Bank has calculated that it accounted for 9 to 10 billion euros, or 6 or 7% of public procurement in the Hexagon. "We are the first European country in terms of PPP, said François Bergère, Head of MAPP (Mission Support PPP). In the first half, 60% of registered contracts on the Old Continent were signed in France. "

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Why the rise? Because this arrangement allows the state and local governments increasingly impecunious to build infrastructure by private funds. Specifically, the construction company built largely at the expense of the equipment. In return, she receives a very long time (decades) the rent paid by the public to maintain the structure.Today, we build on this model just about anything you can imagine: prisons, stadiums, swimming pools as well as police stations, TGV lines … and the formula adjusts as well to huge contracts ( more than 7 billion for high-speed rail line Tours-Bordeaux) than smaller deals (ten million for public lighting of a city average).

In the euphoria of the beginning, we mostly retained the advantages of this approach: greater compliance costs and delays faxless cash advance. "In the PPP, 71% of projects are delivered on time and 80% are made in the envelope provided or an additional cost of less than 3%," says Christian Rasoamanana, consultant for the consulting firm PWC has just loop a study on the subject."This allows us to carry out four projects simultaneously (the TGV line between Tours and Bordeaux, that between Le Mans and Rennes, Nîmes-Montpellier bypass GSM and rail), said Jean-Marc Delion, Managing Director of RFF. Without PPP, we would have done that. "

The failure of the hospital south-Ile

But today, this model also raises critical. Thus, the hospital built in south-Ile PPP Eiffage is a failure. The planned opening in May 2011 will take place as early as January 2012. "I believe that there was injury to the State, noted Sunday on Canal +, Xavier Bertrand, Minister of Health. Do we remain in the same terms of the contract? We'll see. "Regarding the TGV lines, some argue that the partnership is too favorable to the public."On Tours-Bordeaux, the dealership made up of Vinci and its partners brought the third of the investment but receive 100% of the revenue generated by the passage of trains," protested Marc Fressoz, author of FGV, failure at high speed.

Others point out that the formula has its limitations. "The PPP will not return TGV lines as Bordeaux-Toulouse without sufficient traffic," said Hervé Mariton, UMP deputy, member of the Finance Committee.

Reassurance. Forty-eight hours after the announcement of an orderly dismantling of Dexia, the watchword is always the same. Reassure savers first. This is one for this purpose that the Belgian and French immediately announced they were giving their guarantee loans that the bank will carry on the markets. In Belgium, where Dexia has set up shop through its retail bank, investors have withdrawn, Tuesday, 300 million euros in their accounts, according to local media. Movement still moderate – Dexia is sitting on 88 billion of deposits – but pushing the government to act. The Prime Minister, Yves Leterme, a planned Wednesday nationalization of Belgian bank Dexia activities.

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.

Chinese banks are no longer a paradox about. When they announce record profits, their shares continue to plunge on the stock markets. More than 100 billion dollars in profits have been achieved over the last twelve months by the four largest banks in the MSCI China's financial. Yet the same index retreated by 24% last month …

In question, the ability of banks to cope with the heavy debt burden of local Chinese. Last June, the National Audit Office made an unpublished report, evaluating the debts of local governments to 1200 billion euros. Debts incurred to 80% among Chinese banks. Nearly 25% of these loans come to an end at the end of the year, according to the official.Enough to make investors nervous at the beginning of autumn.

For the businessman Jim Chanos, who made his name in the financial world by predicting the collapse of Enron, the problem of Chinese banks is so large that it could completely cancel the growth of the empire environment. "If we assume that China will issue loans representing 30% to 40% of its gross domestic product (GDP) and half of that debt will be questionable, it represents 15% to 20%. Let's say half of them are covered. China may have to switch to a loss of these amounts and reduce growth of 9% to zero, "calculated the investor in an interview with Bloomberg TV last week.

Interest rates reaching 70%

A feeling that reflects at least the concerns of many investors, as evidenced by the poor performance of local banks in the markets.But analysts located in China do not share this pessimism. "I do not think there is a bubble. These are more questions about the future easy to get unsecured personal loans. Investors are concerned about asset quality of Chinese banks, "cautions Zhang Yi, an expert in the industry for Moody's in Beijing. "The government is responsible for the bank and will do everything to prevent a major problem," said one of his part in Shanghai-based analyst, who works for a large brokerage company in China. For now, the real problem of Chinese banks is the explosion of informal loans. Clearly, the restrictions imposed by Beijing on credit have greatly benefited the black market. "We have no idea of ​​the true extent of the phenomenon, no credible data was available. But banks remain exposed to the last borrower, "said Zhang Yi.For some of these funds lent at usurious rates comes directly from banks.

Last month, the Journal of the securities of China, close to the government, reported that the equivalent of nearly 50 billion euros had been removed on the first two weeks of September in the deposits of the four major state banks: Bank of China, ICBC (Industrial and Commercial Bank of China), China Construction Bank and Agricultural Bank of China. Most of these funds were reinvested, according to the newspaper, the black market in credit, where interest rates can reach up to 70%, while the alternative financial investments are scarce for individuals and businesses. The stock markets are down and banks remunerate savings at rates lower than inflation.

For now, the response of banks to secure their future look for the capital increase.ICBC has announced plans to raise $ 11 billion market over the next nine months. The question is whether investors are ready to go.

LE FIGARO – You met President Nicolas Sarkozy Friday. What is your analysis of the crisis in the euro area?

Pedro Passos Coelho – Our views are converging. We must accelerate the process of ratifying the plan in July that the EU speaks with one voice. It is essential to avoid systemic risk. How to convince the markets where European leaders expressed doubts on the future of Europe! It must be absolutely avoided, it is better to be silent than to sow doubt.

Would it be better to organize the failure of Greece?

I refuse to make predictions, I'd rather be patient and hope that Athens takes its objectives and carry out sustainable reforms. If Greece dark, the entire EU to be at risk.We need to help Greece and at the same time strengthen the EU, to establish a more integrated economic government which deals with taxation.

What are the consequences in Portugal of the deepening crisis in Greece?

Portugal is in a vulnerable position vis-à-vis Greece. If the crisis worsens, it will make our recovery process more difficult. My vision is very pragmatic: we must make every effort to carry out reforms and fiscal consolidation.

Economists doubt your ability to meet commitments on fiscal 2011?

The aid package was negotiated before the elections. Since then we have taken additional steps preventive and our calendar of spending cuts is more ambitious. We have the political support for it.We will keep the target of 5.9% of GDP deficit in 2011 and are targeting a primary surplus (excluding debt service) in 2012 for a balanced budget in 2015 and an external account deficit by half a point against 9% last year. In addition to the expenditure side and the privatization plan, we will conduct several structural reforms, justice, labor market, too rigid regulation. We will create a board of public finances, which will be independent to ensure full transparency in the management of the state.

Where are you from privatization?

We are to remove the golden shares held by the state in public enterprises, then we will begin the process of privatization in the energy sector by mid-November, by selling the companies for electricity, gas and oil, which Galp.We will then proceed to the privatization of the airline TAP, the airport manager Ana, mail, freight rail and radio station public television RTP. The whole process should be finalized in late 2012, the objective to recover at least 7 billion euros.

Have you received expressions of investors?

Yes, many, from the European economies but also emerging countries, Brazil, China and several Arab countries easy payday loans.The president of the National Bank of Economic Development in Brazil (BNDSE), the President of Brazil, Dilma Rousseff, Lula and his predecessor have already come to us with investor interest in Brazil.

This interest is there also for the government debt?

The purchase of public debt is subject to specific rules, but the important thing is that there were demonstrations of confidence in this government about the quality of Portuguese debt.

Will you create a wealth tax, such as Spain prepares to do?

We refused this solution, not to discourage large fortunes to come and settle in Portugal. However, we have created a special tax of solidarity that will help tackle the portion of 2.5% marginal tax on income that will affect higher wages and will last two years.We also created an additional tax of 3% on business profits in excess of 1.5 million euros, also for two years. The purpose of these taxes is not to create an additional revenue but to allow us to finance social assistance measures for families hit hardest by the crisis.

What are these measures?

They are primarily related to housing. Households that can no longer repay their debts to buy their apartments can contact their bank for the loan to be converted into low-rent, which will relieve the financially while allowing them to remain at home. Similarly, those earning up to one and a half times the minimum wage benefit from using public transport.In addition, if we were forced to raise to 23% VAT on gas and electricity, we have created a social tariff for the poorest.

How to boost growth given that domestic demand will remain very low?

It is true that the austerity has a recessive effect. The middle class will suffer significant sacrifices. That's the ticket out of the crisis, the price of a country that has spent too long. Domestic demand will have a negative contribution to the end of 2012. This will be offset by exports that are doing well. The adjustment must be done very quickly to ensure the financing of the economy. Privatization are important to increase the availability of cash to help recapitalize banks. This will improve competitiveness, greater openness and internationalization of our economy.The State abound 12 billion euros in guarantees for banks.

Competitiveness remains the weak point of Portugal?

Hence the urgent need to launch structural reforms, which should have been done in conjunction with the entry into the EU. The country in several sectors – textiles, information technology, biotechnology … the high performers.

Off the road for Saab. Despite the best efforts of its owner, Swedish Automotive (formerly Spyker) to find cash, the Swedish automaker filed for bankruptcy on Wednesday. In a statement, Swedish Automobile said it had requested the placement of Saab in the protection of bankruptcy law. As part of a "voluntary reorganization," the contractor seeks to save time. Time to "attract additional funding" and especially, time to "ensure the payment of wages" and "prepare an orderly restart of production," selonVictor Muller, CEO of Swedish Automobile and CEO of Saab Automobile.

"Considering the financial resources currently limited to Saab Automobile, a voluntary reorganization will help to use the most efficient way the existing resources," the company said.It must be said that its financial situation is critical for several months. The manufacturer, which employs 3,700 people, announced in June that it would stop paying the salaries of its employees. Part of these wages was settled late, since, while, as of August have not been paid. In late July, the Saab postpone indefinitely the resumption of production at its only factory in Trollhattan, Sweden, interrupted once again from June 8 Suppliers, remained unpaid, stopped shipments from April free 3-in-1 credit report. Some had to degrease their workforce.

Breathless

In this grim context, Swedish Auto has continued to widen its losses. In late August, the owner of Saab announced a significant loss of 201.5 million euros in the first half of 2011, against 21.9 million euros during the same period in 2010. The losses have been increased tenfold.The group, however, made efforts in all directions to ensure its survival. Saab had been saved from bankruptcy in early 2010, when, breathless, it was bought by the Dutch Spyker (now Swedish Automobile) to U.S. giant General Motors. Over the last six months, Saab has signed contracts with Chinese distributors and Pang Da Youngman and negotiated a contract to sell its real estate leased for cash.

These efforts have been inadequate and the rest of the employees of the manufacturer of short duration. Now, IF Metall, the main trade union of Saab, said that the decision of Swedish Automobile "might be a good solution."She hopes a quick decision of the Court of Vänersborg on the demand for Swedish Auto, so that its "members can quickly receive a reply regarding the payment of their salaries."

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