News – Business & Economi

ArcelorMittal said Tuesday it was extending indefinitely the closure of the voltaic arc furnace from its site of Schifflange Luxembourg, which has 282 employees.

The world's number one steel explained his decision by the depressed construction market in Western Europe, which are for products Schifflange, and said he could see no sign of significant improvement since the crisis that hit the area at the end of 2008.

Schifflange site specializes in the production of long carbon steel.

French President Nicolas Sarkozy announced earlier this month that ArcelorMittal would restart a blast furnace of its French site Florange (Moselle). But the group had then stated that it would be restarted in case of economic recovery.

The deficit of state budget has decreased by 0.9 billion euros in January over one year to 12.5 billion through the sale of 4G mobile frequencies. View of the Ministry of Economy and Finance at Bercy.

The deficit of state budget has decreased by 0.9 billion euros in January over one year to 12.5 billion euros, thanks to the windfall of allocating 4G mobile frequencies, said Friday the Budget Ministry. The state expenditure were however up to 31 January from a year earlier, but this progression, "consistent with the prediction," is due to "an increase in the rate of recognition" earlier this year, ensures Bercy in a statement.

Expenses (general budget and levies on revenue) reached the end of January € 32.8 billion against 26.3 billion the same date of 2011, the departments' management in 2012 to start faster. " According to the ministry, "the expenditure has not been late and has already reached its cruising speed", and so do not see a skid. As for revenue (net of refunds and rebates), they improve to 23.4 billion against 20.5 billion at January 31, 2011. The net tax revenues are up as expected from one year to another, almost 8%, particularly with regard to corporation tax (33.6%).

The values ​​of the day Friday at the Paris Bourse, where the CAC 40 closed up 0.04% to 3501.17 points, while he had not completed beyond 3500 since die ; goal in August, after a week marked by the second operation of loans to three years of the European Central Bank (ECB).

Over the whole week, the CAC 40 gained 0.98%:

* Values ​​BANK supported the coast, always carried by the second massive injection of liquidity to three years of the ECB, especially as their valuations remain low despite their strong rebound since the first of LTRO mid-December.

SOCIETE GENERALE took 1.34% to 25.395 euros, Credit Agricole 4.945% to 0.86 euros and BNP Paribas 1.50% to 37.915 euros. 

Dexia has won 5.32%, largest increase in the SBF 120, to 0.297 euro. Dexia Credit Local, its French subsidiary, launched a takeover offer for 700 million euros of subordinated notes issued in November 2005.

* Veolia Environnement won 4.74%, largest increase in the CAC 40, to 11.050 euros, having continued its flight after a gain of 14.86% yesterday in anticipation of a recovery group of utilities.

WestLB raised its recommendation from "neutral" to "accumulate".

Its major competitor SUEZ ENVIRONMENT has won 3.51% to 11.800 euros.

* Vivendi has lost 0.97% to 14.360 euros, the second biggest drop in the CAC 40 index, behind EADS (-1.43% to 27.650 euros). The title had already fallen by over 10% yesterday on the prospect of two turbulent years ahead. JPMorgan cut its rating to "overweight" to "neutral". Barclays, Cheuvreux, Deutsche Bank and Nomura have lowered their price target.

* AREVA has gained 4.73% to 20.020 euros, despite mixed results in 2011, after confirming its targets for the period 2012-2016 in a difficult global context.

* NEOPOST rose 1.77% to 52.420 euros after a turnover in 2011 better than expected and the prospect of further growth this year.

Gilbert Dupont raised its target price from 55.60 to 57.90 euros.

* IPSOS, lost 3.32%, largest drop in the SBF 120, to 26.170 euros, having continued to decline from the previous day (-1.33%) after a disappointing forecast operating margin rational 2012, of the order of 10%. Cheuvreux is no longer for sale.

* Technicolor has won 5.73%, largest increase in the SBF 120, to 2.305 euros, while Barclays raised its price target to 2.19 euros.

CGT plant ArcelorMittal proposes to transform the site into electric arc furnace. Since its closure, Grandrange is regularly pointed to by the left as one of the failures of Nicolas Sarkozy.

CGT plant at ArcelorMittal Gandrange (Moselle) presented Friday a draft EAF, which the union could "save" the site where a mill still operates steel supplied from Germany. "We offer ArcelorMittal to invest 120 million euros in the construction of an electric furnace to supply the local mill," said Jacky Mascelli to reporters, one of the leaders of the CGT at the factory Grandrange. "To produce the steel that we now come to Duisburg (Germany), we propose to use the scrap produced in the region, notably by the automotive industry," he said.  

For the CGT, the factory "integrated" (steelmaking-continuous casting-rolling) "will guarantee the sustainability of the site Gandrange" which still employ about 350 steelworkers, against more than 1,000 before the closure of the steelworks in March 2009 . The project presented Friday by the CGT looks like that the union had presented in March 2008 and which already provided for the construction of an electric oven "scrap all" to enhance the mill crowns and bars Gandhinagar, one of the only active for long products in Europe. The draft will now be "carried" by the Left Front, several representatives were present Friday in Lorraine.

Since its closure, the steelworks Grandrange is regularly pointed to by the left as one of the failures of the quinquennium of Nicolas Sarkozy. February 4, 2008, following his marriage to Carla Bruni and after a highly publicized visit to the factory Moselle, the president pledged to support the state "all or part of investment required "to keep the mill operating.

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.

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.