News – Business & Economi

The new car registrations in France in January will charge lower double-digit annual rate, officials said Tuesday the source of the sector, a result of lackluster growth and the unfavorable comparison with the dice 2011 goal. </ p> Final figures for car registrations for the month ending will be published Wednesday by the Committee of French Automobile Manufacturers (CCFA). Several manufacturers have already said to expect a contraction in sales since January 2011 had been supported by the effect of 'scrapping'. </ P> "The trend will be negative overall, with double-digit declines, "the source said, adding that it refers only to cars and not to registrations of light commercial vehicles in the Hexagon. </ p> Asked if the double-digit decline would apply to the entire market, the source replied "yes." </ p> <p > In December, the French car market fell by 17.8% year on year. Vans had fared better, rising 1.6%. </ P> The business daily La Tribune Online, quoting unofficial sources, wrote Monday that the brand Renault in January would record a decline of 45% of its registrations, Peugeot and Citroen (PSA) declines of respectively 37% and 31%, and Dacia, the brand Renault's low cost, a decrease of 18%. " / p> The two French manufacturers have refused to comment. </ p> "These figures do not cover the last days of the month and are compared to calculations extrapolated back 're marketing services, "he told Reuters François Roudier, spokesman for the CCFA. "It is far less reliable than the actual count of sales to be published tomorrow." </ P> According to La Tribune, German Volkswagen would still pulled out of the game in January with up 23% of car registrations in France. </ p> In exchange, after signing a time the largest declines in the CAC 40 in the morning, Renault took the action 0.76% to 32.95 euros and the title PSA yielded no more than 0.32% to 14.055 euros. The sector index values ​​gained 1.2% European cars. </ P>

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."

After Moody's and Standard and Poor's, the third major rating agency, Fitch said Wednesday that a possible worsening of the crisis in the euro area could threaten the note "triple A" of France.

The return of the French debt to 10 years who had scarcely changed after the publication of this note was then increased to about 3.68% to 16.45, the yield differential with Germany (the "spread") oscillating around 165 basis points. It was over 200 points last week for the first time since the creation of the euro.

"According to Fitch's central scenario, the numbers of French public finances remain consistent with the conservation of its AAA rating," writes the rating agency.

The gross debt of the country in this case could reach the upper limit of the range that Fitch considers consistent with a AAA rating – if this level is temporary and decline thereafter – 90 to 100% of GDP.

"If all of the 158.5 billion euros in France's commitments to the EFSF was disbursed, the gross public debt would reach 98.2% of GDP in 2014, the top of the range compatible with its status as a AAA "Fitch wrote.

"However, based on net debt and if the loans were accounted EFSF (with a discount of 50%) as liquid assets, the debt would peak at just over 80% of GDP in 2014.

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.

Over 100,000 taxpayers have disclosed their assets in OECD countries for two years. It reported one billion euros in France. The headquarters of the Cayman National Bank in George Town. The Cayman Islands are in the core of tax havens.

Almost 14 billion euros in tax revenues were collected in the last two years in twenty countries through international agreements concluded in the fight against tax evasion, the OECD said on Tuesday. "There's much more in the pipeline", but assured the Organization for Economic Cooperation and Development (OECD) at the opening of its fourth Global Forum on transparency and exchange of information for tax purposes .

These are, says the OECD, will provide "a substantial contribution to fiscal consolidation without increasing tax rates" in many countries forced to increase the tax burden to deal with the crisis."It is important that everyone contribute their fair share," notes the organization. The OECD states that the measures against tax evasion reported more than one billion euros in France, Germany 1.8 billion to 1.4 billion U.S., 150 million at the Australia and 260 million in Spain and the UK.

Over 100,000 taxpayers have disclosed their assets (including 30,000 in the United States, 1350 in the UK, 4,700 in France and 25,000 in Germany), she says. The Global Forum on transparency and exchange of information for tax purposes, housed at the OECD brings together 105 countries and territories. This Tuesday and Wednesday to finalize a report on "progress towards fiscal transparency" for the G20 summit to be held in Cannes on November 3 and 4. Other reports are expected on a number of tax havens after the meeting.

The next summit of the euro zone is not enough to permanently resolve the debt crisis, warned Friday German Chancellor Angela Merkel.

"There is no single solution, there is no solution 'big bang'," she told the annual conference of the German trade union IG Metall in Karlsruhe.

She added that a discount on the debt of Greece was not a panacea either.

Angela Merkel also reiterated his skepticism about the effectiveness of any "Eurobonds".

"They do not constitute a panacea," she said, holding that "the current situation, they would not help."

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.

The Tokyo Stock Exchange ended down 1.04% Monday, reaching a closing low of five months, fears of a possible relapse of the global economy overshadowing speculation about a new intervention by Japanese authorities against the yen strong.

The Nikkei lost 91.11 points to 8628.13 points from its lowest level in five months to hit 8656 points on August 9.The Topix, broader, sold 8.85 points (1.18%) to 742.84 points.

"The next goal would be down 8600 points, but we do not see big movements in recent days, investors remain cautious," Judge Nagayuki Yamagishi, strategist at Morgan Stanley Mitsubishi UFJ Securities.

The entire session, the market has been closely monitoring the currency markets to try to detect signs of an intervention of Japanese authorities.

Japanese Finance Minister Yoshihiko Noda said he continued to monitor the movements of foreign exchange and he was ready to take firm action on the markets.

But some investors believe that even in case of intervention, the effects on equity markets, including export values ​​would be short-lived.

"If the government acts unilaterally on the foreign exchange market, the Nikkei goes back about 100 points, but the efforts of Japan alone will not change the fundamentals," Judge Mitsushige Akino, fund manager for Ichiyoshi Investment Management.

Values ​​highly dependent on exports, such as Toyota Motor and Honda Motor ended down respectively 2.46% and 2.54%.

China's central bank said Friday it wanted to maintain a relatively stable exchange rate, but the announcement has not been enough to calm the speculation that Beijing would consider letting the yuan rise further to better contain the inflation.

In a quarterly report, the People's Bank of China (PBOC) announced that it would employ "many tools" including interest rates, exchange rates and bank reserve requirements to try to control rising prices.

It recalled that it would maintain the yuan's exchange rate relatively stable at a "reasonable and balanced level."

But the noise is spread in the markets, however, the PBOC preparing an intervention currency.Local newspapers related to the central government suggested including it would rely on a stronger yuan to try to curb imported inflation in China by the weak dollar.

It remains to ascertain whether the report of COPD was written before or after these press articles, published Friday.

"We will use reasonable tools (regulatory) price as interest rates adjust to the demand for capital and savings behavior, and manage our investment and inflation expectations," said the PBOC.

The monetary institution noted that it would not drop the guard against inflation, although many economists believe that it peaked in July.

"Price stabilization is not yet firm enough and the situation is not optimistic," said the PBOC.

Beijing is regularly subjected to international pressure, including from the United States and the International Monetary Fund to allow the yuan to appreciate faster.

The yuan was stabilizing Friday around 6.39 to the dollar on the spot markets, pausing after a sharp rise this week.

The Chinese currency has appreciated about 6.7% since the abandonment of its indexation to the dollar in June 2010 and 3% since the beginning of the year.