News – Business & Economi

Greece is no longer bound by its commitments to the European Union and the International Monetary Fund after the rejection by voters of parties supporting the bailout, said Tuesday the leader of the Coalition of the Radical Left, Alexis Tsipras.

The head of Syriza, which will attempt to form a coalition government after the Conservatives came top of Sunday's parliamentary had renounced, advocated putting banks under the controlled the desired state and an international commission investigating the legality of government debt. 

"The bailout was clearly canceled by the popular verdict," said Tsipras, whose formation was propelled the rand against the odds of the second political force .

The 2013 draft budget, which aims to reduce the fiscal deficit to 3% of GDP, is assured of a majority in the Dutch Parliament after the agreement between the two parties in the outgoing coalition and the three opposition parties, said Thursday news agency ANP.

"My party has given me the green light to the plan that we discussed," said Sybrand van Thursday Haersma Buma, leader of the Christian Democrats in the lower house of Parliament .

Stef Blok, leader of the parliamentary Liberal, has also announced that its base had agreed, as the three opposition parties, Democrats 66, Christian Union VertGauche and, depending on the television channel NOS. 

The ruling coalition broke out during the weekend due to the inability to agree on conservation measures designed to meet the reduction targets budget deficit ; silence as part of the European Union.

The government has sought to obtain a circumstantial majority in Parliament to pass his economic plan before Monday, when it is supposed to present in Brussels.

Discussions were held with the two parties forming the government (the Liberals and Christian Democrats), with three opposition parties (Democrats 66, and the Union VertGauche Christian) and with perhaps one or two other courses. 

With the support of all three opposition parties, the government will have a majority of 77 seats out of 150 in the lower house of Parliament.

European shares closed Wednesday up sharply, the results found solid companies' published eclipsing concerns about the debt crisis in the eurozone.

The CAC 40 index, which had ended with a gain of 2.29% Tuesday, ended up 2.02% to 3233.46 points.

The Frankfurt Stock Exchange rose 1.73%, that of Madrid by 1.7% while the London market (0.16%) suffered from the recession back to the UK economy .

In this context, cyclicals and financials were particularly popular, pan-European Stoxx index of bank earning 1.86% in the provisional closure and the auto 3 , 05%, fastest growing sector in Europe.

STMicroelectronics has reported late Monday a first-quarter loss that it attributed to a downturn in sales in the segment of products for mobile phones and the impact of a decision Justice.

Net loss for the first quarter totaled $ 176 million or $ 0.20 per share, against a net loss of $ 0.01 in the fourth quarter 2011 and net income of $ 0.19 per diluted share in first quarter 2011.

An arbitration STMicroelectronics forced to pay nearly $ 59 million to NXP Semiconductors.

The turnover is meanwhile stood at 2.02 billion dollars, representing a sequential decline of 8%. 

"The losses in the segment of products for cell phones (Wireless) have once again weighed on our quarterly results," said CEO of the leading European manufacturer of semiconductors, Bozotti.

For the second quarter 2012, the Company expects an increase in turnover of about 7.5% over the first quarter, plus or minus 3 percentage points.

Gross margin for the second quarter should be around 34.4%, plus or minus 1.5 percentage points.

STMicroelectronics fell sharply Monday on the Paris Stock Exchange after the announcement of an intensified restructuring of its subsidiary, ST-Ericsson.

Human Genome Sciences announced Thursday it had rejected an unsolicited offer of his longtime partner GlaxoSmithKline that values ​​around 2.6 billion (2 billion).

GSK's offer, to 13 dollars per share, represents a premium of 81% over the closing price of 7.17 dollars for action Human Genome Wednesday night, but the U.S. group believes it does not reflect its intrinsic value.

In pre-market Human Genome soared over 100% to trade at just over $ 15, a sign that the market is betting on a bidding war in this new battle that promises to within a pharmaceutical industry recently marked by a wave of consolidation. 

Human Genome, American laboratory that specializes in gene isolation and identification of their function in the development of new drugs, said banks have mandated Goldman Sachs and Cre Swiss said the counselor.

First British pharmaceutical company, GSK said he was disappointed in a statement of rejection of his offer without discussion. The group confirmed its offer, stating that the proposed price of $ 13 would be paid in cash.

He also said to expect the transaction provides for the realization by 2015 at least $ 200 million of cost synergies, and that it will be accretive to from 2013.

If GSK has been a tendency in the past not to buy out partners with whom he works, the rumor of an offer to GSK on its U.S. partner ran long, the two companies already collaborate ; over several treatments, including Benlysta, the first new drug against lupus in more than half a century.

Navid Malik, analyst at Cenkos Securities, indicates that GSK extremely knowledgeable Human Genome and must point to a potential value in excess of one Benlysta. 

Both groups are also working on a project called darapladib treatment of heart, now in the third and final phase of experimental tests.

If product development is going to an end, analysts see it as a "blockbuster" possible multi-billion dollar per year, although the molecule is also accompanied by a high level of risks.

A banker in the health sector considers the offer of generous and GSK believes that certain shareholders of Human Genome could accept it.

Others, however, prefer to wait an increase of the price. They know the appetite of big pharmaceutical companies for biotech in their search for new growth after the expiration of patents on several of their blockbuster drugs.

As recently as Wednesday, the American Illumina rejected a hostile bid of 6.8 billion dollars (5.2 billion euros) of the Swiss laboratory Roche Holding.

Salzgitter, the second German steelmaker, on Monday issued a pretax profit increased fourfold, as expected by investors, but warned that the year 2012 would not as favorable as 2011, a forecast that is significantly reducing its share price.

The title fell by 5.16% to 42.97 euros at 8:22 GMT, while the Dax gave up 0.69% and the sector index Stoxx 600 Basic Resources yielded 1.47%.

Salzgitter said he expects this year to at least stable sales and a positive taxable income, while explaining that it would be "difficult" to do as well in 2011.

Last year, pretax profit rose to 201.6 million euros against 49 million in 2010, a result consistent with its forecast in Reuters poll, which gave 196 million . 

ThyssenKrupp, the German number one steel, has plunged into the red last three months of 2011 and was told last month unable to provide reliable predictions for all of its 2011 fiscal year -2012, which ends in September, due to economic uncertainties.

The unemployment rate in France in late 2011 now stands at 9.8%, up 0.1 points over one year. A total of 3.4 million people are seeking employment. Agency employment center in Nice

The unemployment rate in France rose by 0.1 points in the fourth quarter 2011 compared to the previous quarter to 9.4% of the workforce (9.8% overseas departments included), announced the INSEE Thursday. This rate, calculated according to the standards of the International Labour Office (ILO), was also up 0.1 points versus the fourth quarter of 2010, INSEE said.

In France, 2,678,000 people were unemployed on average in the fourth quarter. But in total, 3.4 million people were unemployed and wanted to still work, or not available for this within two weeks and looking for work or not. This is the third consecutive increase, after the unemployment rate in the third quarter (9.3%) and second quarter 2011 (9.1%).

Labour Minister Xavier Bertrand noted but noted that "France has fared better than its main partners to the global crisis" between the second quarter 2007 and third quarter of 2011, citing OECD data. Unemployment among 15-24 year olds, great concern of the government, rose by 0.8 point compared to the previous quarter and by 0.2 percent yoy. The youth unemployment rate rises from 21.6% to 22.4%, or about 626,000 people.

Involuntary part-time increases

The unemployment rate for seniors is improving slightly on the contrary, down 0.1 points from the previous quarter. It remains up (0.2 pt) to the last quarter of 2010. Some 485,000 people aged over 50 were looking for a job in the last quarter of 2011. The employment rate of older, more and more likely to stay in business with the successive reforms of pensions, continued to grow (a point on the previous quarter, 1.6 points over one year). The increase was pronounced for those aged 55-64 (1.4 pt in the quarter, 2.8 points over one year).

The employment rate in permanent contract (CDI) is stable in the fourth quarter of 2011, to 48.7% of the population aged 15-64. Rate for those employed in CDD / Acting rose slightly and stood at 6.8%. Partial unemployment, the government and social partners come to reform to facilitate its implementation, down 0.3 percentage points and stood at 0.2% of employed persons. Involuntary part-time increased slightly to 5% of people with jobs. Finally, the unemployment rate is declining in women (-0.1 pt the quarter, -0.3 pt yoy) as he progresses on the contrary men (0.4 pt the quarter , 0.6 pt yoy).

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.

Orders to U.S. industry rose for the second consecutive month in December, driven by increased business investment.

According to figures released Friday by the Commerce Department, orders for manufactured goods rose 1.1% in December.

Market economists polled by Reuters had expected, however, an average increase of 1.5%.

The November figure was however revised upwards and shows an increase of 2.2% instead of 1.8% initially announced.

Over the full year 2011, industrial orders rose 12.1%, against an increase of 12.9% in 2010. 

Excluding transportation, orders rose 0.6% in December after rising 0.5% (revised) in the previous month.

Orders for nondefense capital goods and aircraft, considered a barometer of morale of entrepreneurs and their investment plans, surged 3.1% after falling 1.5% in November.

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.