News – Business & Economi

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.

Waiting till next payday is not possible then it's much better to apply with no fax payday loans and avail funds according to your requirements within least time duration. Your bad credit factors like bankruptcy, defaults etc.

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 deficit in Social Security should be reduced to 14 billion euros in 2012 due to the impact of pension reform and new conservation measures planned for the health branch, said Thursday Valérie Pécresse, the Minister of Budget .

The government on Thursday to present the draft law on financing of Social Security (PLFSS) 2012.

In June, the Commission on Social Security accounts were reduced to 19.5 billion euros deficit in its forecast for this year.

"Our forecast for 2012 is 14 billion deficit.Fourteen billion euros when it was scheduled for 2015, so we have two years ahead, more than two years ahead, "said Valerie Pécresse on France 2.

"For the health sector, the deficit will be less than six billion euros, while we were at 12 billion in 2010," she said.

She said the announced reduction of the deficit by increased revenues related to pension reform and a halving of the deficit of sickness, thanks in part to new savings measures.

This savings plan should include new delisting for about 40 million euros and 600 million in savings on drug prices through price reductions negotiated with pharmaceutical companies.

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 UMP is considering the possibility of lowering unemployment benefits for top earners. Medef protests. Update on the controversy. The compensation of executives in unemployment in the viewfinder of the UMP. What exactly is the proposal of the UMP?

Speaking of "proposal" is a bit premature. It is rather a reflection outlined by Bruno Le Maire in an interview with L'Express, in the form of question: "Can we keep a system of unemployment benefits among the most generous in the world, especially for executives with high salaries? "asked the Minister of Agriculture, also supports the party platform for 2012. But this idea does not come from nowhere. It was brought by Peter Méhaignerie early years, in an interview with Marc Landre, Le Figaro journalist and host of the blog The Cartoon Network.And quickly put away in the closet.

Why is unemployment compensation cap frames?

Because the government does not know where to save money, and that the financial situation of the UI is poor: 10.5 billion euros of debt accumulated by the end of the year, and a deficit of 2 billion for 2011. Yet some executives, those who earn 11,000 euros a month and can accommodate up to 6000 euros per month. And for two years. The temptation is great to scrounge money from this population, especially as our European neighbors, the limits of compensation are much lower: 1400 in Spain, Germany 2200 or 1000 in Italy, as Marc Landré points.

It would still not a measure of social justice?

Difficult to present it as such … Managers reported more than they cost to unemployment insurance, as confirmed Unedic.Bernard Van Craeynest, the President of the CFE-CGC, for his part said on BFM TV "they account for 30% funding of unemployment insurance and consume roughly 15 or 17%." In fact, they are less affected by unemployment than other occupational groups and the contributions they pay are higher, since these contributions are a fixed percentage of salary and wages are higher. Lower the contribution limit would create a mechanical reduction of these contributions, and crop revenue so the UI, as outlined Laurence Parisot, president of MEDEF, against the proposal. Unless you do not reduce contributions … "It would be discrimination, an analysis of the trade union CFE-CGC. And it would be questionable in court for breach of equality, the principle is that you receive based on what you contribute."

The major European stock markets rose Tuesday in the red by late morning after the announcement of an unexpected decline in economic sentiment in the euro area in August.

Around 12:25, the CAC 40 index yields 0.21% to 3147.48 points after opening up. Since the beginning of the benchmark index of the Paris market lost more than 14%.

According to stakeholders, the shares continue to consolidate, in an atmosphere of caution after the shock of bearish early August.

"It is a market without enthusiasm, which is still afraid of a correction, market pure waiting, with U.S. unemployment figures Friday in focus," said Frederic Rozier, manager at Meeschaert Private.He sees a strong resistance to the CAC 40 index to 3,260 points.

Alexander the Drogoff, technical analyst at Aurel BGC, agrees that the market could resume its downtrend after a waiting period. He does not see the CAC 40 exceed 3,400 points, before a relapse to 2890 points and its lows of 2009 and 2003 around 2450.

Other major European markets, London, which was closed Monday, gaining 2.35% while Frankfurt lost 0.49% and 0.77% Milan.The pan-European Euro Stoxx 50 index was down 0.34%.

S & P: RECESSION CAN BE AVOIDED

In addition, Standard & Poor's lowered its economic growth forecasts for the eurozone to 1.7% for 2011 and 1.5% for 2012 and believes that a spin in a recession can be avoided, even if the risk s 'increase.

Bank stocks were among the first to turn around, the Stoxx sector in the euro area losing 0.64%. Societe Generale lost 1.7% and 1.1% Credit Agricole.An article in the Financial Times reports that according to the International Accounting Standards Board (IASB), the impairment recorded by some financial institutions on their Greek sovereign bonds were not large enough.

Mining stocks, however, remains strong, the index increased 3.5%, supported by the agreement between ArcelorMittal (0.28%), Peabody Energy and Macarthur Coal on the terms of the acquisition of specialist Australian coal sprayed.

In the bond market, the auction of government bonds in Italy this morning met with a relatively low demand, despite the purchase of the European Central Bank in recent weeks, creating nervousness.

For its part, the performance of the same maturity Bunds declined to 2.17%, 2.22% against the previous day.

The euro cup against the greenback at 1.4388 / 90 dollars, against 1.4513 the previous day in the afternoon.

A barrel of U.S. light crude dropped by 0.74% to 86.63 dollars and Brent from 0.21% to 111.64 dollars.

The U.S. economy in the second quarter growth initially announced lower, weighed down by business inventories and exports despite the upward revision to consumer spending.

The second estimate published Friday by the Commerce Department, the gross domestic product (GDP) of the United States rose by 1.0% over the period April to June, against 1.3% in preliminary data.

Analysts had expected a growth rate revised to 1.1%.

"This is entirely consistent with what we expected and the slowdown was observed during the first half of the year.We expect some downward revision, which reflects the headwinds that the recovery is facing, "Judge Paul Ballew, Nationwide Insurance.

This figure revised down is mainly due to lower inventory accumulation by firms estimated initially. Companies saw their stocks increased $ 40.6 billion, against 49.6 billion according to preliminary figures, subtracting 0.23 percentage point growth rate.

GDP was also impacted by lower exports announced, with an increase of 3.1% against 6.0% in the first estimate.Imports rose 1.9% (revised from 1.3%), which has almost wiped out the contribution of foreign trade to growth, previously amounted to 0.58 percentage point.

"Net exports and stocks seem to be the big piece of this downward revision.Overall it's still consistent with a recovery very soft so these figures do not generate optimism. "

The bad news, however, have been offset by consumer spending, which reflected an increase of 0.4% (revised from 0.1%).

Final sales rose 1.2% against 1.1% in the first estimate and consensus of 1.0%, while business spending were revised up to 9.9% as against 6 3%.

The PCE price index rose 3.2% over the quarter (revised from 3.1%) after 3.9% in the first quarter. Economists surveyed had forecast 3.1% between April and JuneAs for the price index of basic ("core"), which excludes volatile items and is followed closely by the Federal Reserve, it reflects a slight lull on the inflation front with an increase of 2 , 1% (revised from 2.2%).

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.

The growth of most major economies, advanced and emerging, should have decelerated in May in view of the CLI published Monday by the Organization for Economic Cooperation and Development.

These indicators suggest a slowdown in Canada, France, Germany, Italy, the UK, as well as Brazil, China and India, the OECD said in a statement.

Meanwhile, signs of inflection of the growth cycle emerging in the United States, Japan and Russia, she says.

As it has for three months, the organization emphasizes that the indicators in Japan are viewed with caution because of the high degree of uncertainty associated with the impact of the earthquake of March 11.

The CLI for the OECD area as a whole declined in May to 102.5 from 102.8 in April. The G7 countries fell back slightly less, to 103.0 from 103.2.

For the United States, world's largest economy, the indicator remains unchanged at 103.4 after nine months of increases.

It folds down 0.6 points to 101.1 for France and 0.4 points to 103.6 for Germany.

Among the large emerging economies, the indicator for China was down 0.4 points to 100.2 while those of Brazil and India give up 0.7 points, respectively, 97.6 and 97.4.