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On the eve of closing the doors of the Salon du Bourget, a shadow could come tarnish the immense success of the European manufacturer Airbus at the time of high mass biannual aerospace. While the group has announced four days a new record of orders, with 72.2 billion worth of contracts garnered the announcement by China of a possible blockage of a contract for $ 3.8 billion ( 2.7 billion euros) for 10 A380 looks like a grain of sand from the well-oiled machine seize up.

At least, that understands the Financial Times on Saturday. Echoing the words of sources familiar with the matter, the newspaper said that Beijing had threatened "to undermine a deal worth billions of dollars for 10 Airbus super jumbos" in protest against the decision of the European Commission to include air transport system in the trading of CO2.This measure is to buy permits for each tonne of carbon emitted dioxin in European airspace, beyond a certain threshold. The Asian company Hong Kong Airlines was the official control of very large aircraft at the Paris Air Show. But the hardening of the Chinese position facing the European measure prevents the conclusion of the agreement, according to sources.

This disagreement does not allow to increase to 12 orders for A380 harvested at Le Bourget. Thursday, Airbus had reported a firm order for 10 A380, from an unidentified customer. According to one industry source, this command corresponds to that of Hong Kong Airlines. The counter for very large aircraft will remain blocked for the moment 2.

The case could also be amplified in the coming months fast payday loans. "These are not the only contracts held hostage by the Chinese.One on the A380 could be only the first, "explains the paper citing its source. Because the European manufacturer has other current contracts with the Middle Kingdom. Meanwhile, the Airbus management is counting on a visit to Berlin next week Chinese Prime Minister Wen Jiabao, to unblock the situation and conclude the contract.

"No plan B '

Beyond this contentious spot, the tour in Europe, China (Wen Jiabao arrived here Friday in Hungary, a country holding the rotating presidency of the European Union) should be an opportunity to address the underlying problem of quotas. A delicate matter, the European Commissioner for Climate Action, Connie Hedegaard has formally ruled out that the Chinese retaliatory measures have any impact on the measure, scheduled to take effect next January. "There is no plan B. Our position is very clear.We would not amend, "she said.

Faced with this inflexibility, Tom Enders, the boss of Airbus, for its part called on Europe to be flexible, saying the "madness of attracting reprisals" from a player as influential as the China. For the latter, comply with the requirements of the EU would entail, for the Chinese airlines, a surcharge of $ 126 million in 2012, according to data from the China Air Transport Association (CATA). This figure set to rise in coming years, when China's increasing its flights to Europe. In his struggle, China is also supported by the United States.

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Zinedine Zidane, Catherine Deneuve, Michael Jordan and Madonna have their BoConcept furniture, as more and more French. "In a furniture market growing 2.7% last year, BoConcept has managed to grow its sales by 21% to 48 million euros," said Tim Machenaud, France Director of the sign. The French branch has experienced the strongest growth (LFL) of the 55 countries where the Danish group, born in 1952, is present.

BoConcept has yet installed almost by accident in France in 1993. "We were mainly found in Scandinavia as wholesalers," recalls Viggo Mølholm, Group CEO and son of one of the two founders. With the first store in Belle Thorn (Val-de-Marne) open on the board of a student in marketing, furniture manufacturer – which had Ikea and Fly among its clients – embarks distribution.Eighteen years later, BoConcept France became the largest contributor (21%) on sales of the company listed in Copenhagen, far ahead of Germany (13%), United States (10%) and Spain (6%).

"Finding the right balance"

"In the coming years I am convinced that we can continue to grow at an annual rate of 20% in France, among others through the next opening," said the CEO, which lists some points to improve to get there. The average basket of 1050 euros, not high enough, focused attention. "After working for more upscale, we've got a good price positioning," J. Viggo Mølholm. "The challenge of the mid-range segment lies in the fact that we do not have large volumes of low-end and we were not comfortable margins of the high end.It is difficult to find the right balance, which explains the lack of competitors in this segment, "said Tim Machenaud.

BoConcept does not cover the kitchen or the bathroom or the children's room and do not wish to extend its range to other universes. He wishes to deepen the other hand, since this year by offering two collections a year. But also by pushing even further personalization of its furniture design (choice of fabrics, materials and colors), still mostly made near the historic headquarters in Herning, Denmark.

After putting its expansion project in brackets last year, BoConcept expects to create between three and six stores this year in France. "Since 2005, our network has been considerably expanded from seven to 31 stores. We want to reach fifty in the medium term, "France says the director, who admits to not being pressed."I prefer to wait to find the right franchise, good location and good town," he says, noting the target areas with at least 250,000 inhabitants.

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The U.S. stock market should open up again on Wednesday. Futures on Standard Poor's 500 and Nasdaq 100 advancing 1.12% respectively at 1357.90 points and 1.13% at 2413.50 points.Mardi, the New York Stock Exchange ended sharply higher, led by technology sector after the announcement of the acquisition of Skype by Microsoft.

"Fears over Greece and dull markets are supported by a revival of stock transactions," explained the GI Market analysts making particular reference to the Microsoft buyout of Skype for $ 8.5 billion."This acquisition is important because it enhances the technology sector," said specialists on their side of Cantor Fitzgerald.

On the foreign exchange market, the euro was stable against the dollar Wednesday, struggling to find a clear direction in a cautious market that continues to scrutinize the evolution of the fiscal position of countries identified as fragile in the euro area. About 11:00 am in Paris, the euro bought 1.4412 dollars against 1.4410 dollars late Tuesday.

On the macroeconomic front, investors will monitor including U.S. trade figures for the month of March (1430), then they will learn the traditional weekly oil inventories (16:30).

While waiting for these figures, around 12:00 in Paris, a barrel of Brent was trading at 117.62 dollars in London, yielding 1 percent from the close of Tuesday.And in New York, a barrel of light sweet crude (WTI) for the same period fell by 20 cents to 103.68 dollars.

The side of values, the media group and leisure U.S. Walt Disney reported Tuesday after a close of Wall Street, a decrease of 1% of its net profit in the second quarter of fiscal shifted, to 942 million , well below expectations.

The British oil company BP, which is listed on Wall Street, announced that it received the final green light from the Brazilian authorities for the purchase of ten exploration blocks offshore Brazil to the American Devon Energy, as part of a transaction of 7 billion payday loans.

Google said Tuesday it had set aside $ 500 million in anticipation of the results of an investigation recently launched by the government on the practices of some of its customers in advertising.This provision reduced net income for the first quarter to 1.798 billion dollars against 2.298 billion announced April 14.Advertising has secured 97% of 8.575 billion dollars in turnover during the quarter.

Facebook had left by mistake advertisers have access to profiles, photos, conversations and other private information of its users, said Tuesday the computer security company Symantec.

AIG and the U.S. Treasury Department could launch a capital increase of $ 9 billion in May, while analysts expected an increase of 7 to 25 billion dollars, according to the Wall Street Journal.

The Chinese airline China Southern Airlines has announced that its subsidiary Xiamen Airlines has ordered six Boeing 787, the new jumbo "Dreamliner," a list price of $ 1.1 billion.

General Motors said Tuesday it would invest two billion dollars in 17 of its U.S. sites.GM says these investments will create or safeguard over 4,000 jobs.

Also note, these Chinese companies will start this Wednesday at the New York Stock Exchange. the first website Chinese dating, Jiayuan. Com, hopes to raise nearly $ 78 million. Meanwhile, China Zenix Auto, which is defined as "the largest manufacturer of wheels for commercial vehicles" in China, will debut on the New York Stock Exchange (NYSE) on Wednesday. The offer is expected to total $ 135 million.

George Papandreou is determined to get his country out of crisis. Greek Prime Minister on Friday presented an outline of its program budget 2012-2015. He began by trying to wring the necks of persistent rumors of Greek debt restructuring in 2013, which shook the markets for two days, leaving flaming the cost of debt. For the head of the government solve its problems of Greece "in restructuring the country, not debt."

Papandreou has warned that new austerity measures would be taken, which will be detailed after the Easter holidays. They include wage cuts, building audits, particularly in hospitals, and a brake on hiring.The Greek government hopes to save nearly 23 billion euros to get to cut spending "approximately 44% of GDP in the euro area average, against 53% of GDP in 2009, and increase revenues about 43% of GDP, against 38% in 2009, "said George Papandreou.

Nearly a year after the implementation of remediation plan accounts, Greece must continue its efforts when it is in recession and unemployment set new records, more than 15%.

Privatizations

Despite social tensions and the announcement of new events in early May, the government decided to launch as soon as possible a broad privatization program of 50 billion euros by 2015. He immediately announced a reduction of the share of state ownership of the national electricity by 51% to 34% in 2012.Following the reduction of its stake in the national telephony and the privatization of railways.

Build an image of stability and dynamism is more than ever crucial for Greece. The country will proceed on Tuesday a new issue of treasury bills to thirteen weeks and hopes to raise 1.25 billion euros.

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The effect scrapping is not yet complete. Two months after the end of this device recovery, there is still time to take advantage of offers of times on your old vehicle. Under various names, automakers compete because of efforts in these months to support sales.

Last year, the facilities for recovery, scrapping and environmental bonus first, helped the automotive market to weather. The months of January and February 2011 have also benefited from the vehicle orders placed before December 31, 2010. However, with the disappearance of the scrapping, the professionals expect a sharp decline in sales in 2011 of around 10%.

Offers the entire range

To limit this fall, automakers offer to takeover bids now entirely dependent on them and running until late February to late March depending on the brand. While Peugeot promotes "the great recovery," Volkswagen proposes scrapping "Think Blue" and Renault "bonuses rejuvenation." A second chance for latecomers.

Premiums for recovery, which concern the whole range of manufacturers, with logically increase the price of the car. Citroën thus offers a dozen versions that cover its entire range. For example, the best-selling car manufacturer, the C3 Airplay HDi FAP 90, is sold with 2600 euro bonus of 400 euros and 500 euros bonus ecological advantage of equipment. The remaining EUR 500 is paid in addition to the purchase of an old vehicle at a price of Argus.With this "customer advantage" total of 4000 euros, the vehicle returns to 15,150 euros.

Renault also offers bonuses of 4000 and 6000 euros for all versions of the New Latitude Renault and the Renault Espace with resumption of the old vehicle at a price of Argus. On smaller vehicles, offers related to specific versions: for example, a bonus of 2,500 euros is proposed for the dCi 100 Initiale version of the Twingo eco ² to 15,700 euros. In addition to the resumption Argus, the car is therefore up to 13,200 euros. As for Clio, the premium amounts to EUR 3000 for version XV of France 5 doors dCi 90 eco ² which amounts to 16,150 euros as well.

Restarting Family

The manufacturers hope to restart models especially medium and high-end, including family cars."The scrapping has boosted the small cars, says CEO of Kia Motors France, Frederic Verbitzky. Their sales will probably decline, and now we'll probably see a reboot of the average range. " The Korean brand has largely benefited from the scrapping of its small size Picanto. "We will return to aid conventional aids to recovery," states Frederick Verbitzky who wishes to focus all of its customers.

Same story at Peugeot. The brand focuses on "customers set aside by the scrapping," said a spokesman for the group, "that is to say those with a car between 3 and 7 years and were not affected by the scrapping of government. They are repositioning themselves instead on the family car segment or above.The 308 Navteq, to 24,510 euros and is available with resumption of your old vehicle at the price of the Argus and a bonus of 4000 euros. The MPV 5008 to 30,660 euros for its part has a recovery Argus + 4500 euros.

Cars more expensive but better equipped

Finally, manufacturers are relying increasingly on equipping cars. The price war has become more difficult, brands want to stand by the quality and originality of their models. Citroen says so "to focus on the product" this year. The brand is demonstrated by the success of the DS3 launched in March 2010, a car that stands out for its unique features in design and architecture.However, no takeover bid on the DS3 but on other well-equipped models: for example, the manufacturer offers a customer saving of € 4500 on the C3 Picasso limited edition Rossignol Dressing original and has a sunroof and even roof racks for securing a pair of Rossignol ski offered with the car.

Similarly, Toyota continues its recovery for premium vehicles 8 to 10 years on the models "over-equipped" as its Aygo Connect through 7990 euros (1000 euros rebate, 1660 euro bonus Toyota and environmental bonus of 400 euros). Fiat is moving towards the same choice: "This year we are making a significant change in our strategy," said a representative of the manufacturer. We are not trying to propose the cheapest car possible, but the price / equipment the more attractive. "Emblematic of this trend, the Fiat Punto, whose price was 7990 euros in 2010, now costs 2000 euros more. But, says the manufacturer, the Punto MyLife offers better equipment, starting with air conditioning, which was not present in the basic version of last year.

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There being no further officiated on the taxation of wealth, the suggestion box is open in the majority. And supporters of the abolition of the ISF, cheered by the words of Nicolas Sarkozy, are the head. New avenues arise around the philosophy stated at the outset by the Head of State: taxing unearned income – the flow – rather than the wealth itself, the stock. "We also realized that among the very wealthy taxpayers, those deriving their income from work were taxed more than those living on their pensions. We must remedy this, "said Olivier Carre, UMP, convenor of the working group on reform his party.

One solution proposed by this group would be for the standard deduction of 19% applies only to a ceiling of 100,000 euros.Beyond this threshold, dividends, interest and capital gains would be taxed at the scale of income tax (IR). Is in fact taxed at 41%, households earning as much products of their savings is in the highest portion of the IR. In exchange, these households would benefit from the disappearance of the ISF. Advantage: would not increase taxes for small investors, their capital they earn far less than 100,000 euros per year. Just 30,000 homes were affected by this' setting of scales. "

Furthermore, although Nicolas Sarkozy has closed the door to taxing the gain on the sale of primary residence, real estate issues are not exhausted. Including the idea of capturing the windfall foreigners who own a home or apartment in France. "Currently, they pay property taxes and possibly the ISF on their property in France.But they are taxed less than the French on rental income and capital gains on resale, "says Christine Daric, a lawyer at Baker & MacKenzie. Advocates a tax on capital very light, the UMP Jérôme Chartier still wants to create a new tax on the ownership of real estate, however, save the principal residence. French tax residents would receive an allowance of 500,000 euros fine, but not foreigners. "This is not to penalize those who already pay taxes in France," said the MP.Another track: trying to curb tax schemes that allow to escape transfer taxes (the "legal fees") by way of Luxembourg, Belgian and Dutch.

The battle rages on

Remains a problem: these measures adequate to offset the shortfall due to the possible abolition of the ISF? Gilles Carrez, the UMP rapporteur of the budget to the Assembly, in doubt: "This is one reason why I defend the idea of a simple adjustment of tax on capital."

In short, proponents of grooming the ISF does not disarm, either, and the battle still rages in the majority on the taxation of wealth.

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It was inevitable. The rise in agricultural commodities since last summer is going to blow the labels on the shelves. "There will necessarily impact of rising agricultural commodity prices on food prices. I do not take anyone by surprise, it's been several weeks since I say, "warns the Minister of Agriculture, Bruno Le Maire, following a roundtable that brought together early Wednesday morning about twenty representatives of the food chain: producers, manufacturers and distributors. The purpose of the meeting also attended by Secretary of State for Consumer Affairs, Frédéric Lefebvre, focused on the impact of rising agricultural produce on every link in the chain."Our goal with Frédéric Lefebvre is to find a balance between the need for compensation of farmers and defending the purchasing power of consumers," says Bruno Le Maire.

Downstream, so does the survival of farmers with higher grain prices that are the basis for animal feed "added production costs of 40%. "If their price does not increase, there are thousands of farmers who will disappear in France," warned Bruno Le Maire. The immediate upstream, the meat will suffer higher prices in supermarkets. "The distributors have agreed to immediately pass this increase on the sales price of pig meat, poultry or beef," said Bruno Le Maire guaranteed online payday loans. But beware of overflow.The observatory of prices and margins to ensure that this increase reflects only the cost of agricultural raw materials and there is no windfall. One example where the price of bread: there is no reason that the price of the rod increases dramatically while the share price of wheat is not the largest share of the cost of baguette.

However, "price negotiation is open" hammered Frédéric Lefebvre, who declined to say how much the prices would go up to the consumer. The latter, however, brandished the threat of lawful weapon or if the retail industry does not play the game Article L 442-9 of the Commercial Code makes it possible to call into question the liability of any purchaser requires the supplier transfer prices unreasonably low situation of soaring agricultural commodity prices."We're in this situation today. It allows the Minister for Consumer Affairs to assign the offender to a fine of up to two million euros, "said Frederic Lefebvre. Another panel will take place by March to draw up an inventory. The retail average increases of about 2%.

Fear and anxiety on the front of the British economy. The gross domestic product (GDP) of the United Kingdom fell by 0.5% over the last three months of 2010, according to preliminary official figures. After robust growth of 0.7% in the third quarter, observers expect average GDP growth of 0.4% in the fourth.

"The third quarter GDP was clearly affected by the extremely bad weather in December," said the Office for National Statistics UK (ONS). "The weather effect" has cost 0.5 percentage point growth in the country, he calculated. "This estimate (…) is the best we can achieve now, but it is still marked by uncertainties," acknowledged the British statisticians. December the coldest of the century has penalized heavily in construction (+0.1%). But these are services that are most leaden growth (-0.4%).Single industry, driven by exports, posted a rise in its activity by 0.9%.

"Hard to believe"

Some are skeptical of the figures as bad. "The ONS calculations imply underlying growth of 0%, after 0.7% the previous quarter. Hard to believe, "critic Brian Hilliard, economist at Societe Generale CIB. "We expect a strong rebound in activity in early 2010, which will also no more representative of the actual situation of the British economy", for reasons of statistical calculations fast cash advance.

Still, the weather does not explain everything. "The fall in GDP suggests that the first measures of austerity and budget cuts the government already beginning to feel their negative effect on growth", Adele Renaux, economist at Natixis.Conservative Prime Minister James Cameron has launched the most severe austerity of the European Union in 2010.

Austerity

The slowdown caused the fourth quarter of 2010 is just the beginning. Rigor hit the economy full in 2011, according to Adele Renaux: VAT in January has increased, taxes were raised, the government spending heavily reduced. Not enough to expect much of the consumption side. For 2011, "the British economy has lost considerable support in public spending," said the economist. Single engine on which the economy can handle the overseas count: exports from the dynamism of emerging countries such as China or Brazil.

In this context, the Bank of England (BoE), keeper of the pound sterling will probably wait before increasing interest rates on hold despite inflation above 3%, and the institute believe Natixis Markit.In early January, the BoE decided to leave its main rate unchanged at 0.5%.

What's better than Christmas Day to make decisions watched by the markets without them in panic now? The People's Bank of China (PBOC), China's central bank has raised interest rates modestly interest on loans and deposits of a sentence issued on December 25 on its website. They go respectively to 5.81% and 2.75%, or 0.25% more than their previous level. After an initial surprise increase in mid-October, or a gradual appreciation of the yuan over 2.5% since June, the markets were expecting a use interest rates to curb effectively the new bete noire of the central authorities: inflation.

Change of course

In November, the index of consumer prices rose 5.1%, a scale not seen in almost two and a half years.Driven by real estate and food prices soaring this give cold sweats to the central government, fearing above all the social consequences. A recent study by the Academy of Social Sciences of China, published in early December, showed that 85% of Chinese households can not afford to own. On the street markets, rising prices became the only topic of conversation and the Chinese Internet relays readily these concerns. Recently, a blogger, hosted by the leading Chinese portal Sina, amused himself by drawing up a comparative table of prices of vegetables and meat in Hangzhou, one of the richest cities of China in two hours drive from Shanghai, with those of Boston faxless pay day loans.Finally, some foods are more expensive in the affluent Chinese city on the East Coast.

Facing the dull discontent of the masses, the power distills his actions slowly and remember that everything is under control. Sunday, Premier Wen Jiabao, wanted reassurance. "I think we can keep prices at reasonable levels through our efforts. As head of government, I have responsibility but I have confidence, "he replied to one of the listeners. To effectively curb rising prices, China is mainly the influx of cash that flood its economy since the beginning of the recovery plan launched in late 2008 to avert the crisis. Chinese banks have already exceeded government targets by paying 857 billion euros between January and November, when the bar 863 billion was set for the whole year.What trade surplus added up each month.

In early December, the central government had officially announced a shift from a monetary policy "relatively soft" to a political "conservative." Clearly, Beijing reported tightening. The battery of measures already adopted is only the beginning. Besides a wider appreciation of the yuan, analysts expect rising interest rates that could reach a total of 1% before the summer.

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