News – Business & Economi

The Federal Reserve said Wednesday that the U.S. economy had recorded a moderate growth in recent weeks, while emphasizing that the recruitment remained rare and that the housing market showed little signs of improvement.

In its "beige book" summary of economic conditions in the 12 districts of the U.S. central bank, the Fed also notes that the pressures on consumer prices remained moderate and some cost pressures had decreased.

This finding is likely to give more leeway to the Fed in terms of monetary easing if growth were to weaken in early 2012 because of the consequences of global activity in the European debt crisis.

For now, the report confirms what had already been said in the latest "Beige Book" dated: the growth of the economy is not threatened, but the conditions underlying depression can not lower the unemployment rate, currently 9%.

"Overall, economic activity grew at a slow to moderate pace since the last report (…) except the district of St.

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American investigative journalist Edward Epstein published a survey in which it reveals new details about the case of the Sofitel. He was convinced that Dominique Strauss-Kahn was the victim of a conspiracy. The case was carried from Paris. Former IMF chief Dominique Strauss-Kahn (by leaving the financial police in Paris September 29, 2011)

The case of the Sofitel New York, which marked the end of the presidential ambitions of Dominique Strauss-Kahn, had a new twist Saturday, reviving questions about the possibility of a trap, already mentioned by close to Former IMF chief.In this investigation, the AFP was able to consult, the American journalist argues that the BlackBerry DSK could have been hacked.

Edward Epstein expressed confidence that "tried to derail" the candidacy of Dominique Strauss-Kahn, but declined to talk about "political conspiracy" created from scratch, in an interview with AFP on Saturday. In an interview on Europe 1 audio, it reaffirms that it is a conspiracy: "It is much like a political issue, but I do not have certainty," said he. "If it's a political issue, it's a matter of French politics. I think it came from Paris. It may come from the UMP, it can come from the secret services, that can even come from someone who s 'interested in the activities of the IMF. "

The UMP denies any involvement

On May 14, Dominique Strauss-Kahn called his wife Anne Sinclair told him that "something bad happened."

A week after announcing falsely lowered the AAA rating of France, the Standard & Poor's has again committed a blunder Thursday when the publication of the new rating improved from Brazil.

In the title of his release, the U.S. initially said he found the note of Brazil to BBB-by the prompt correction. And for good reason, the note of Brazil was already at BBB-and the agency has in fact raised by one notch to BBB.

Former Vice President of the ECB Lucas Papademos on Thursday arrived at the presidential residence where met party leaders charged with finding a new prime minister after the resignation of George Papandreou. It may be designated in the day. Lucas Papademos.

The former vice president of the European Central Bank Lucas Papademos, tipped to become the next Prime Minister of Greece, arrived Thursday at the presidential residence, where were gathered the leaders of parties responsible for appointing a successor to George Papandreou. The grand bargain between the Greek parties to designate a consensus prime minister who is the patience of the country's creditors to end, resumed Thursday morning, when right, and right-wing socialists found themselves trying to get out of a political imbroglio .

After a series of twists, the former vice president of the ECB and former Governor of the Bank of Greece Lucas Papademos, 64, was again the favorite in the press Thursday to succeed the Socialist Georges Papandreou resigned. The Orthodox archbishop of Athens Archbishop Ieronymos, head of the Church of Greece, has canceled a trip and was prepared to answer a summons to any oath as president, has also said the Greek news agency Ana, semi-formal. The leaders of three parties, George Papandreou's PASOK (Socialist), Antonis Samaras of New Democracy (right) and George Karatzaferis (far right) met again for the presidency of the Republic at 8 am, after the failure of a first meeting Wednesday night.

Mr. Papandreou spoke by telephone Wednesday with Mr. Papademos, 64, it was said a source close to PASOK.

The European Union has increased the pressure on Sunday in Athens Greece quickly establishes a government of national unity and implement the measures included in the second bailout of the country, saying that membership in the euro area was Thurs

"We called for a national unity government, is convinced that it is the convincing way to restore confidence and to honor commitments," he told Reuters Olli Rehn, European Commissioner for Economic and monetary.

With the announcement of a proposed referendum on the bailout plan, since abandoned, Greece had broken the bond of trust that binds to its European partners last week, which called into question his membership in the euro area, he said.

But the country has apparently abandoned the strategy of the edge, Olli Rehn said in a telephone interview.

"There have been efforts to Athens to restore that trust and we need a compelling report on the subject of the finance minister Evangelos Venizelos tomorrow during the Euro."

The 17 finance ministers of the euro area can be found Monday evening in Brussels for a meeting of the Eurogroup.

NEGOTIATIONS TO ATHENS

Olli Rehn was speaking Greek political parties then negotiated fiercely on Sunday a coalition agreement may prove to other countries in the euro zone as Greece is determined to continue on the path of austerity to avoid bankruptcy.

Unilever issued a sales increase of 7.8% in the third quarter and expects margins stable or declining for the year 2011, experienced strong sales growth in emerging markets.

The manufacturer of soaps and mayonnaise has raised its prices by nearly 6%, while sales in countries such as India, Indonesia and Brazil have helped to offset difficult markets in Europe and the United States .

However, the group warned that its operating margin at constant perimeter and constant exchange rates would be stable or slightly declining over the year 2011 due to higher commodity prices.

On this basis, the Group reported a turnover up 7.8%, a performance better than the consensus of society, which provided an increase of 6.3%, following growth of 4.3% in the first quarter and 7.1% in the second.

The left won Sunday for the first time under the Fifth Republic by an absolute majority by winning the 25 extra seats it needed, seven months before the presidential election in France. View from the Senate at the Palais du Luxembourg

The left won 265 Sunday in September 2011 a historic victory in Senate elections by toggling the Second Chamber of Parliament in his camp, for the first time of the Fifth Republic, causing a political upheaval in seven months of présidentiellme. "For the first time, the Senate knows alternating" said the boss very moved senators PS, Jean-Pierre Bel. While all the results were not yet arrived, he announced that the left had "175 senators, that is to say beyond the majority". "The change is underway," he added.François Hollande, a candidate for the PS primary, leading in the polls, saw "a breakdown of the system Sarkozy", "prescient" in 2012.

As in the day, the results are severe for the majority who have fallen. The Minister of the City, Maurice Leroy, beaten, won an eighth seat on the left in Paris where the UMP holds only two senators. A gain of one seat to the left in the President's own Department of the Senate UMP Gérard Larcher. Loiret, Isère, Nord, Pas de Calais, Hauts-de-Seine, Val de Marne, Oise, Manche, Pyrénées Orientales … the list of departments where the left rose grows signing a very strong push for the opposition. "More than two senators UMP in Paris is a historical and political defeat," he triumphed Anne Hidalgo, Deputy PS first mayor of Paris, Bertrand Delanoe.Pierre Charon, suspended from the UMP to dissent and still elected, made a triumphant arrival in the Senate.

Progresses across the left

The re-election in the first round in the Loiret department traditionally right out of Senator Jean-Pierre Sueur and that, in the Morbihan, the outgoing Herviaux Odette, also PS, gave the signal for the win at midday . In the wake of victory in the Pyrenees-Orientale President of the Regional Council of Languedoc-Roussillon, "frêchiste" Christian Bourquin confirmed the trend.This is "a historical progression to the left and an unquestionable sanction for the UMP," said the PS first secretary of Acting, Harlem Désir, came to the Senate shortly after the primary candidate for the PS and Martine Aubry that of François Hollande.

This victory is particularly favorable for the latter, a large majority of senators voted for PS having the member of Corrèze. Has lost the right departments since it held almost always as the Lozere. "The left is progressing everywhere, you feel a groundswell," assured of Public Sénat, the Socialist Party national secretary in charge of elections, Christopher Borgel. It is a defeat all the more important that there is "a denial of the right of the electors," added Michel Delebarre, Mayor of Dunkirk and PS top of the list in the North where the left won a seat and missed the sixth to one vote.Gérard Longuet ministers (Defence) and Chantal Jouanno (Sport) were elected.

At seven months of the presidential defeat sounds like a very bad signal to President Nicolas Sarkozy. Saturday will be the election of the President of the Senate and a majority of the left should result in a leftist president. Catherine Tasca should try his luck against Jean-Pierre Bel, which theoretically should succeed the perch to Mr. Larcher. The left Sunday's success to his victories in recent local elections (municipal, regional, cantonal). The right wing has suffered from its strong divisions and strong discontent of local officials, who have unwelcome territorial reform and consolidation of Commons forced march led by the prefects.

The president of the AMF considers that the situation in the markets is "very, very worrying." He said a collapse of the entire global economic system is to be feared. Jean-Pierre Jouyet said that "it is not in a better situation than in 2008."

The chairman of the Financial Markets Authority (AMF) Jean-Pierre Jouyet spoke Friday of "situation, very, very worrying" in the markets and expressed concern of a "risk of systemic crisis" able to dive all the world into recession.

"We are in a State of Crisis" with "before us, the risk of systemic crisis", that is to say a collapse of the entire global economic system, noted Mr. Jouyet, questioned France Inter.This is due to "a very high debt in Japan", the "U.S. imbalances that are extremely deep despite recovery plans that do not give great result" and, in Europe, "the sovereign debt crisis," he said former Secretary of State for European Affairs.

"We need urgent action at the international level," he said, hoping that "the Europeans, Americans and the International Monetary Fund (IMF) will at least get to make a shared". "This is expected by the markets," he said, "is to see a little clearer." "We are in a situation of a crisis of debt in 2008 was characterized by a rise in private debt, which today is characterized by a rise in public debt, government deficits and imbalances in all the world economies, "he summarized."It turns out that Europe is the epicenter of this crisis." "We're not in a better situation than in 2008," he warned.

Jean-Pierre Jouyet also found that the introduction of a tax on financial transactions, to which he was in favor, could worsen the current liquidity crisis in the euro area. "I am in favor of a tax on financial transactions" but "we must choose when it is made." But "what I said – and I take into consideration in my work – is that today, it will further increase the reluctance of investors, including Anglo-Saxon and American, to respect to the euro area, "said the president of the AMF.

After Paris and Berlin were in favor of such a tax in August, the summit of the major developed and emerging countries of the G20 in Cannes (South of France) should address the issue in early November.Britain and the United States were opposed to establishing such a mechanism. A transaction tax, such as those popularized by the economist James Tobin, is to take a very small percentage of financial flows ..

The small archipelago in the Atlantic Ocean would have hidden more than 1.67 billion euros of debt since 2008. This discovery increases the Portuguese public debt by 0.3 percentage points of GDP. View of Madeira Island off the coast of Portugal

Portuguese statistical authorities announced Friday they had discovered undeclared debts of the Autonomous Region of Madeira that increase the government deficit in Portugal to 1.11 billion euros from 2008 to 2010, and that of the 568 million année.Selon a Joint Statement of the Bank of Portugal (OTP) and the National Statistics Institute (INE), this is a "serious omission of information" detected after a report of the Court of Auditors the finances of this small archipelago in the Atlantic Ocean.

These debts represent an impact on the public debt estimated at 0.3 percentage points of GDP and involves an upward revision of the deficit in 2008 (+0.08) 2009 (0.03 points) and 2010 (+ 0.53 points), stated the Ine and OTP. According to latest official figures, the debt was late 2010 to 93% of GDP and the deficit to 9.1% of GDP. Debts for the current year had already been detected in the first quarterly assessment conducted by representatives of the European Union and International Monetary Fund as part of the aid plan of 78 billion euros granted in Portugal May

The Portuguese government had then decided to resort to extraordinary income in order to correct a skid overall budget of about EUR 2 billion and meet the deficit target to 5.9% of GDP this year."The evidence released today reveal a serious deficiency," responded the Ministry of Finance, pointing out that it is an "isolated case" and noting that the regional government of Madeira has already asked the Lisbon helps to develop its own financial recovery program.

Financial markets of the Old World still hesitant on Tuesday morning. They fall one after the other, after all, however, opened up. European stock markets lost between 2.44 and 0.21%, to 10.15.

European stock markets remain extremely volatile on Tuesday morning. After starting up, they dive back one after the other. Paris gives 2.44% to 10.15, Frankfurt 0.21% 0.30% Milan, London and Madrid 0.71% 0.35%. While few minutes after the opening, Frankfurt gained 1.6%, London and Paris 0.78% 0.66% and 2% took Milan and Madrid 1.24%.

The announcement of a possible intervention of China on the European debt market appeared to calm the fears of some investors. Italy is in fact in talks with Chinese sovereign wealth fund CIC about the buyback, according to press reports.

But the Greek case and fears about U.S. growth continues to angst investors and banks to shake the very battered in recent sessions, due to their exposure to sovereign debt. The idea of ​​a default Helvetic returned in force in the financial markets. It has even been suggested directly by the German Minister of Economy Philipp Rösler, in an interview with Die Welt newspaper.

"Avoid default uncontrolled"

Tuesday, German Chancellor Angela Merkel, however, felt the need to "avoid any uncontrolled process in the euro area", referring to a bankruptcy of Greece as it is discussed with emphasis in Germany these days."The first priority is to avoid a default unchecked, because it would affect not only Greece, and because the risk that affects us all, or at least many other countries, is very high," Detailed Chancellor in a radio interview Inforadio.

The NYSE has to when she rebounded late in the session Monday. The Dow Jones finally won 0.63% and the Nasdaq 1.10%. In Asia, Tokyo ended Tuesday's session up 0.95% due to bargain hunting, after the Nikkei closing at its lowest for two and a half years yesterday. Monday, major European stock markets had yielded between 1.60 and 4%, and recorded two consecutive sessions of decline.