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 .

European shares were down mid-session after the award by Germany of 4.2 billion euros Schatz two years accompanied by a return to a record low 0.14% highlighting investors' appetite for stocks considered less risky and persistent concerns about certain sovereign debt in the euro area.

In Paris the CAC 40 was down 1.41% (-47.86 points) to 3,244.65 points at 10:50 GMT. In Frankfurt, the DAX yields 0.78% and London, the FTSE drops 0.35%. The pan-European index Stoxx 50 was down 1.19%.

The index futures point to a New York opening of Wall Street down.

In Europe, the sector suffers utilities Iberdrola clearances especially after the sale of a stake of 3.69% by ACS. The mining sector benefited from the publication by BHP Billiton of a quarterly activity report showing a drop in production of iron ore lower than feared by analysts. The sector index Stoxx Europe 600 commodity earns 0.87%.

Values, the British retailer Tesco, which has announced plans to spend one billion pounds (1.2 billion) to overhaul its operations in Britain to regain market share and reconnect with sales growth, gaining 0.4%.

The world number two home appliances Electrolux sells more than 4% in after announcing a 16.7% decline in shipments to the North-im Rican for its six major product categories.

ASML is the title back in the same proportions as the world leader in machinery engravings of semiconductors declined to disclose its prospects of orders on the occasion of the publication of its quarterly results .

U.S. stocks open on a technical rebound Wednesday after five sessions of losses on the S & P 500, investors seemed encouraged by the results published by the giant Alcoa aluminum, the first of the season.

In early trade, the Dow Jones gained 0.8% or 103 points to 12,822 points. The Standard & Poor's, wider, takes more than 1% or 14.10 points to 1372.81 points while the Nasdaq composite was ahead by 0.9% (26.61 points) to 3017, 80 points.

Alcoa wins over 7%. The group, considered a good barometer of the U.S. industrial sector, has emerged, to everyone's surprise, a positive net income in first quarter 2012, the for improved market conditions.

Nisshin Steel will acquire Nippon Metal Industry as part of a stock deal valued at $ 180 million (136 million euros) to create the number two Japanese stainless steel The Japanese steel industry consolidating domestic market face a sullen and intense foreign competition.

Nippon Steel Corp.. -A number of Japanese steel-and Sumitomo Metal Industries also plan to merge in October.

Nisshin and Nippon Metal, who in November announced their wish to merge this year, said in a statement that they had reached an agreement to combine, October 1, their activities under a holding company to be called Nisshin Steel Holdings Co.

Prior to this announcement, shares Nisshin Steel have closed unchanged at 145 yen.

Nisshin and Nippon Metal Industry said they planned cost savings and other synergies that increase by 13 billion yen (119 million) over five years their beneficial ; current fice.

Union representatives of PSA Peugeot Citroen and Opel / Vauxhall, the two European brands of General Motors, will meet in April to discuss the social implications of the alliance between the two automakers , said Friday FO.

A central works council (EAC) on the alliance is scheduled for April 5, said his side the CFDT. It will follow a meeting of the European group committee of PSA scheduled for 23 March.

"Union representatives French, German and English PSA / OPEL / VAUXHALL exchanged Thursday, March 15 during a conference call coordinated by the EMF (European Federation of Metallurgy). They decided the establishment of a European cooperation and a meeting in Brussels liaison committees of the two groups, under the auspices of the GEF, in April " , said in a statement

. FO PSA and General Motors have announced a strategic alliance in February through the pooling of their purchases and preparing a common platform by 2016

. Both ensure that the alliance has no impact on the issue of overcapacity of the European two groups, that they should be treated separately. But unions are questioning the social and industrial benefits of the project as PSA and Opel ranges were very similar cars.

Together, they produce cars and light trucks in 20 plants in Europe, including 16 in Western Europe: France, Spain, Portugal and Italy next PSA, and Great Britain, Spain and Germany Opel side.

GM and the German trade union IG Metall to have an agreement excluding any job cuts on German soil until 2014.

The European group committee of PSA was originally scheduled for this Friday, but the meeting between unions and management has been postponed due to the absence of the Chief Executive Philippe Varin. 

Representatives of the management of PSA are currently "road show" to provide investors the capital increase of one billion euros to finance planned investments as part of alliance, after which GM will become the second largest shareholder with PSA 7% stake behind the Peugeot family. The capital increase, opened on March 8, runs until next Wednesday.

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%).

European shares ended lower Tuesday as investors pocketed their profits after a second agreement on a plan to help Greece to dispel the specter of a dice ; be next month, but not to solve all the country's economic problems.

On profit taking, the Paris Bourse has sold 0.21% (7.30 points) to 3,465.24 points. The pan-European index Stoxx 50 fell 0.34%, the German Dax is 0.58% and 0.29% FTSE UK.

Trading volumes on the pan-European FTSEurofirst index was 22% thinner than usual, a sign that investors have not rushed to the exit after obtaining a agreement on Greece, much preferring a wait.

The agreement, torn by the euro area at night, after thirteen hours of negotiations, plans to reduce Greece's debt to 120.5% of GDP by 2020 through a new program of public loans of 130 billion euros and a restructuring of debt held by private creditors.

Highly anticipated by the markets, the plan is not a miracle cure for all ills of Greece. Strangled by his austerity measures, the country will return to growth until 2014, after four years of recession that have reduced the gross domestic product (GDP) 17% believe senior European officials.

Meanwhile, the aid package to Greece may yet derail and Greek debt explode to unmanageable levels by 2020, according to a confidential report prepared by "troika" of the country's international creditors.

Yields on debt issued by the 'peripheral' countries of the euro area eased in favor of the agreement. Sign of an easing in the bond markets, Spain issued in the morning 2.5 billion euros of debt in three to six months, with yields down by sharp the previous auction of this type.

The euro rose to 1.3270 dollars around him after reaching 1.3292 to the dollar after the announcement of an agreement on the Greek plan.

Signs that debt problems are not confined to Greece, the European Commission will propose Wednesday to suspend payments from the Cohesion Fund for Hungary from 2013, due to lack Budapest progress in reducing its budget deficit, shows a document of the EU executive.

The action of TNT Express flew more than 50% Monday on the exchanges of Amsterdam, beyond the purchase price offered by the American UPS, indicating that investors expect a proposal for enhanced .

UPS said Friday it had offered € 9 per share to buy the Dutch group messaging, valuing it around 4.9 billion euros. TNT Express has rejected the offer, but discussions are continuing between the two groups.

The action was traded to TNT 9:50 GMT around 9.80 euros, up 54% from its closing price on Friday night (6.343 euros).

The pump price rose further, setting a new record. A slight decrease is expected, however, thanks to milder weather.

The price of gasoline in service stations continue to soar and reach new highs that could revive the debate on the control of labels at the pump with the approach of presidential elections.

According to data released Tuesday by the Ministry of Sustainable Development, the price of a liter of unleaded 95 euro rose to 1.5787 at the end of last week. That of unleaded 98 (whose sales are much lower in SP95) rose to 1.6184 euro. Both well beyond their previous records set only a week earlier (1.5640 euros / liter and 1.6022 euros / liter). Gas oil meanwhile rose to 1.4180 euro per liter Friday against 1.3960 the previous week. But it remains below its high of the year (1.4240 euro on Jan. 13), and its record in spring 2008 (1.4541 euro). These sales prices are national averages calculated by the Directorate General for Energy and Climate (DGEC) from data provided by service stations.

Since late 2011, gasoline prices prance record after record in France, powered by a dual effect of geopolitical tensions (Iran, Nigeria …) that keep crude oil prices at very high levels, and the weakening of the euro against the dollar, which boosts the cost of black gold once its converted value in the single currency.

The outbreak has already made waves in its presidential campaign. The Socialist candidate Francois Hollande proposed last month a "temporary blocking of gasoline prices," accompanied by restoration of the TIPP floating. The majority swept the idea of ​​such measures, described as "solution of the past".

Hope to decrease with rise in temperature

Interviewed on RTL on the soaring prices at the pump just before the announcement of the last record, the CEO of Total Christophe de Margerie said Tuesday that the best way to lower gasoline was to invest in finding new deposits. "The more oil, the more prices will be kept low," he said, criticizing the way the idea of ​​a price freeze. "For any product, it's not a good thing to lock in prices" and "this is automatically the state budget will suffer," he said. Total's boss noted that his group controlled a little less than 20% of French stations, and over half of them set their own rates.

He also estimated that prices could fall thanks to the current warm spell. "In the short term it may fall, when it's warmer, prices drop, today one of the reasons among others of higher pump prices, it's climate, weather extremes we known in recent times, "said Mr. de Margerie. "If the euro also firmed, it will drop, but overall as in all businesses, (the solution, note) is to get more raw materials," he said.

Diesel sales represent about 80% of French consumption of motor fuels, the unleaded 95 just under 15% and 98 unleaded around 5%.

The Tokyo Stock Exchange closed up 1.1% Monday, posting a higher closing three months, driven by good performance of the U.S. labor market.

The Nikkei gained 97.27 points to 8,929.20 points and the Topix broader took 9.16 points (1.2%) to 769.85 points.

"It's pretty good for exporters," said Nicholas Smith, a specialist at CLSA Japan, commenting on the monthly report on employment in the United States that showed Friday that unemployment had fallen ; to its lowest level in nearly three years.

Panasonic has taken the title of the session 6.34% after touching a low of more than 30 years Friday, in response to a forecast of record annual loss amounting to ; eight billion euros.