On Wednesday, new orders for durable goods in the U.S. rose 0.3%, much lower than expected in July, and after two consecutive months of declines. A further blow, when an increase of 2.8% was expected, especially by public transport, with the Farnborough Airshow (47 billion dollars in one week).

Fears of a slowdown in economic activity grows with each new bad news in that order. Just yesterday, sales of existing homes fell more than 27%, which has shaken global stock markets.And U.S. growth should be revised down sharply on Friday.

The technology followed

As for values, technology, which derive from several days down the coast, remain controlled. Especially since they are also often at the heart of big mergers and acquisitions.

The investors thus have an eye on Cisco (-0.9% to 20.93 dollars) and Dell (0.73% to 11.67 dollars), penalized by expectations of raising its bid for 3PAR (-1 , 07% to $ 26.75).The maker of data storage systems has announced on Tuesday he gave three days at computer maker Dell to revise upwards its bid after bid "probably higher" Hewlett-Packard ( HP, 0.37% to 38.53 dollars).

The saga of the hostile takeover of mining giant BHP Billiton (-1.12% to 64.69 dollars) – which today presents its annual results, with net profit more than doubled in 2009/10 to 12.72 billion dollars – the king of fertilizers Potash (-1.42% to 146.99 dollars), seeking a white knight, bounces. The U.S. stock regulator, the SEC said on Tuesday the freezing of financial assets of two Spanish, one part of Banco Santander, on accusations of insider trading in the attempted takeover of Canadian fertilizer producer Potash mining group BHP Billiton.

On the occasion of the presentation of its accounts, however, BHP Billiton is used to calm speculation the event of any significant raising its hostile bid of 39 billion dollars (30 billion euros) Potash fertilizer leading manufacturer in the world, despite the magnitude of his war chest.

The U.S. computer giant Apple (-0.15% to 238.58 dollars) is close to a deal with Disney media groups (-0.5% to U.S. $ 31.98) and News Corp., parent of chains Television, Fox to offer their series to rent on iTunes, said Tuesday the New York Times.

Campbell, world number one soup, advances in its acquisition of Britain's United Biscuits, and more specifically, its branch Biscuits, which represents three-quarters of its business.

Asked about the carbon tax at the borders of the European Union (EU) dear to Nicolas Sarkozy, Denmark's answer, in accordance with the wishes of the French president, the European Commission has discussed this mechanism among the various instruments to reduce CO2 emissions in a communication dated May 26"But I prefer to leave it in the toolbox."

A trade war

As the British Government and several of his fellow commissioners, Connie Hedegaard think raising the price of imported goods like Chinese steel example, according to their carbon footprint is "extremely difficult to implement." Most importantly, "Is that such a measure would help the Chinese to be constructive?" Asks she, fearing a trade war if the environmental barrier was erected on the borders of the EU. One of the arguments of French supporters of a "border adjustment mechanism is that it may help to avoid relocation of jobs to countries where less stringent rules on carbon can produce cheaper.Better to engage in innovation and green growth to create jobs in Europe, contends Connie Hedegaard, as echoing the credo of the Obama Administration.

Former Danish Minister of Environment, which, as such, has chaired the conference in Copenhagen, believes that for the modest agreement in December 2009 ripped credible, rich countries should honor their commitment to pay this year 10 billion dollars promised to the most vulnerable. The finance ministers of Twenty-Seven detailed in May and pay their share of 2.4 billion. These additional funds, a majority of donations and a minority of loans will be paid directly by the Member States. To date, recipient countries have not seen the first euros of new funds.

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According to sources close to the case interviewed by the newspaper, the transaction amounted to 3.2 billion euros. In 2009, sales of Cognis representing 2.6 billion euros and EBITDA was $ 364 million. On its website, the company states employ approximately 5,600 people and be present in thirty countries.

Originally, Cognis was a subsidiary of Henkel, resold in 2004 to 2.5 billion euros. In 2006, the efforts of its new owners to sell it failed. In recent years, the company split from two of its five subsidiaries.BASF has already bought in 2009 the Swiss Ciba for 3.8 billion euros to strengthen in the mill.

A technical correction was expected.But that was not expected, is the slamming received by Goldman Sachs, whose shares fell by more than 12.5% to 17.15, bringing with it the whole banking sector and stock market indices.

The U.S. stock market watchdog, the SEC announced Friday it was suing the U.S. investment bank Goldman Sachs to "fraud" on the sale of investment securities linked to subprime mortgages, known as subprime cash till payday.

Goldman Sachs and one of its leaders, Fabrice Tourre, are accused of defrauding investors face while making "misleading statements and omitting material facts on certain financial products linked to subprime loans when the market U.S. housing prices began to collapse. "

The Dow Jones, which retreated in early trading by 0.41%, slipping from 0.92% to 11,041 points. The Nasdaq slipping 1.23% and back below the 1,200 points, 1190 points exactly, and the S & P retrograde 1.8% to 2049 points.

The object of his scorn? The refusal by Roselyne Bachelot, Minister of Health, to implement the tariff adjustment in 2007 and decided that should have been implemented … in June 2008. "We need the signatures and commitments are respected," he insisted.This refusal to do so amounts to wipe their feet on their partners and to deny the value of the medical procedure and the physician's role in our health care system. "

The agreement signed just before the presidential election provided that doctors should reduce the amount in consideration of their prescriptions. An objective written ambiguously, that has not been reached and thus explains, among other things, the refusal of the Executive to reassess the rates.In retaliation, the CSMF calls on all private physicians to begin April 12 a "protest" to demand respect for their word.

Arbitration Rules April 20

All GPs are invited to price the consulting firm at 23 euros – unless the patient refuses to continue to be reimbursed on the basis of 22 euros – and the home visit at 33 euros No fax cash advances. All specialists must apply the "C2 consultant" (consultation at the request of the attending physician) to 46 euros and the doctors office and facility listed in the table guards should require the payment of fines.

The CSMF enters "window: Arbitration policy" to push his claims.This procedure, carried out by Bertrand Fragonard, the president of the High Council for the Future of Medicare, is to set the tariff applicable to physicians between the signing of two agreements. Its conclusions should be made public on April 20 instead of 12 as originally planned. "If we do not succeed, everything will be blocked for at least eighteen months," said Michel Chassang. For three years we expect. Commitments must be remaindered. "Pressure necessary for the arbitral settlement should not, he said, proposing the passage of consulting GPs at 23 euros.

The CSMF said it would take no tomorrow – the day when the Supreme Court must rule on the subject – in the strike launched by its competitor MG France to seek alignment of pricing on the generalist specialists ."Let us begin by asking to implement this agreement before considering the next," said Michel Chassang justified.

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In Hong Kong, the markets continue in their euphoria: The Hang Seng climbed again on Tuesday to 1.4%, to 21,537 points. India's BSE Sensex 30 allows itself 0.94%, to 17,692 points.

Increases also softer

Lower increases are found elsewhere in the region, as Shanghai, where the CSI 300 is 0.34%, to 3403 points. Industrial activity is at its highest in six years.The growth rate could rise to 12% in the first quarter. These good figures show a rebound in domestic demand.

In addition, Chinese President Hu Jintao hoped his country and the U.S. economic relationship and trade ties "stable" and "healthy" during a conversation with his U.S. counterpart Barack Obama bad credit payday advance.

In Sydney, where the S & P / ASX earns 0.66%, to 4907 points, or New Zealand, where the NZX 50 wins 0.25%, to 3276 points.

The night before, Wall Street has ended on a positive note, while U.S. markets will be closed this Friday.Fall day when the U.S. unemployment figures as expected by investors.

JAL: creditors require less international links

The main creditors of the first Japanese airline is currently in receivership, Japan Airlines (JAL, -0.67%, 3.72 yen), demand that it drastically reduced its international connections to continue to lend money , said Friday Nippon daily.

Crushed by debts of more than 2,000 billion yen (more than 15 billion euros), the former national airline filed for bankruptcy in late January and began a drastic recovery program under the auspices of a semi-public rescue companies in distress. Its aircraft are still flying but the company still loses money.

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The France is among the three countries in the euro area with Italy and Germany, which show that in 2010 the budget as balanced. Official projections, also considered optimistic by the European Commission, expect a budget deficit of 8.2% of GDP.And for the moment, Paris' delay in entering the field of discipline, "the report said the economist at Deutsche Bank.

Pension reform

To reduce the deficit, the French government will continue not to replace a staff of two and intends to tackle the pension system. "We believe that the pension reform will result, economists said the German bank. "Public opinion has changed on this subject in recent years" for an overhaul of the system.

Certainly, the defeat of the regional majority does not challenge these policies. But more is required to reduce deficits. "Reforming the pension system and reducing the number of staff may be insufficient, while the government refuses to raise taxes, except in very specific cases of tax loopholes," lamented Gilles Moec.

Still, "the government had never officially announced policy of rigor before the regional elections," said Eric Heyer, deputy director of the Office of the French Economic Conditions (OFCE). "In fact, most of the effort requires a strong control of public spending."

After defeating regional, the next election, the presidential election in 2012 will dampen she also wishes to reduce the deficit? "It is not clear," says Gilles Moec. "The question on debt and deficits has become a major concern of French. It could be paying politically difficult to pursue a policy of austerity at a time complicated. "

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