The ECB does not change its policy rates - February 9, 2012

The European Central Bank did not change interest rates Thursday, but the markets are waiting to see if she is willing to lower them again in the coming months or if it will remain in the waiting, the one or the other being determined by the attitude Statistical to come.

The refinancing rate remains as it was expected at 1.00%, the deposit facility at 0.25% and the marginal lending rate to 1.75% .

The ECB president Mario Draghi explain this decision at the regular press conference starting at 14:30.

It is likely that questions posed to them about what the central bank could do for Greece. But it may well also he does not say anything until the situation is not resolved.

It is also possible that Mario Draghi announces no new support measure given that the ECB will launch at the end of a second refinancing operation three years after success of the first of its kind, in December, which resulted in a record cash injection of 489 billion euros.

The Tokyo Stock Exchange ended down - February 3, 2012

The Tokyo Stock Exchange ended down 0.5% Friday after three sessions of consecutive gains, investors playing the card of caution pending the publication of the U.S. monthly data for job creation.

The Nikkei ended down 0.51% or 44.89 points, to 8831.9 points, while the Topix broader, yielding 0.23% or 1.76 points, to 760 , 69 points.

Values, Sony has awarded more than 8% to 1,435 yen. Investors welcomed the appointment of a new CEO, despite a loss in profit forecast.

- December 1, 2011

The unemployment rate in France within the meaning of the International Labour Office (ILO) gained 0.2 points in the third quarter to 9.3% on average in metropolitan (9.7% including overseas departments) According to data seasonally adjusted (SA) Interim released Thursday by INSEE.

The number of unemployed stood at 2.631 million in the metropolis, or 51,000 more than in the second quarter.

Unemployment rates in the second quarter have been confirmed at 9.1% of the workforce in metropolitan and 9.6% with Dom.

In one year, the unemployment rate in France fell by 0.1 points in the third quarter.

- November 16, 2011

Bayer said Wednesday that its turnover in Asia is expected to increase 60% by 2015, thanks to sales of its treatments against cancer and cardiovascular disease as well as its industrial plastics.

The first German pharmaceutical company, which launched the production of Aspirin in Shanghai in 1936, said targeting a turnover of over EUR 11 billion in Asia, including six billion in China.

- November 15, 2011

Bank stocks weigh on the trend of European stock markets Tuesday morning, as yesterday affected by concerns over tensions on the rates of sovereign debt in the eurozone.

At 10:50, the index of European banks lost 2.48%, biggest drop sector in Europe, with a drop of 4.73% for BNP Paribas, the largest decline CAC 40 in Paris, against 2.49% for Credit Agricole and Societe Generale to 3.41%.

Meanwhile, yield spreads between bonds French, Belgian, Dutch and Austrian one hand and the Bund on the other have reached unprecedented levels since the inception of the euro.

"It's pure continuation of yesterday.

The banks would offer a discount of 40% of the Greek debt - October 23, 2011

Bankers have proposed to increase from 21% to 40% discount they are willing to take on Greek debt, while the private sector requires impairment of at least 50%, it was learned Sunday of German banking source.

In July, banks and insurance companies have agreed to contribute up to 50 billion euros to reduce debt through a Greek takeover of paper and an exchange agreement, which amounted to an impairment or discount of 21 %. This is now considered insufficient for Greek debt is manageable.

The IMF and the EU disagree on Greek debt - October 20, 2011

The International Monetary Fund does not share the analysis of European authorities on the debt sustainability Greek and wants to know the outcome of EU summit Sunday in early November before deciding to pay the sixth tranche of aid to Athens, said Thursday more European sources.

The IMF is with the European Commission and European Central Bank one of the components of the "troika" of international inspectors to ensure the implementation of an ambitious program of reforms in Greece in exchange for financial assistance .

"The IMF believes that the other members of the Troika are too optimistic," said one source.

A second source said that "the IMF (wanted) absolutely first see what is decided in the Eurogroup and the European Council", referring to Friday and Sunday meetings of finance ministers and heads of state and Government of the euro area.

The tax shelter home employment benefits mainly the rich - October 15, 2011

The wealthiest households are the biggest beneficiaries of reductions and tax credits on home care services: in addition to receiving a higher rate of reimbursement, there rely more and larger amounts. A residence of Les Jardins d'arcade Grau-du-Roi.

The tax reduction introduced by the government to expand home care services has mainly benefited the wealthy households, the tax credit introduced in 2007 did not lay only partially so far, says a study published Friday by INSEE .

From 1991, households have reduced their tax half of their spending on home care services in a ceiling, said the National Institute of Statistics. This device, however, concerned that households taxable. In 2006, three quarters of household users of home care services had benefited from the tax cut.But only 3% of 30% of the smaller users had used it against almost all users belonging to the 10% wealthiest households, is the INSEE.

In 2007, the government set up the device tax credit, which would in particular help households pay no tax benefit. "However, this possibility is open only to tax households where all adults are active, and thus to households with a two-earner married couple, an active person without a spouse or an unmarried couple with at least one member is active, which greatly limits the expansion of the benefit of the device, "wrote the institute.

Between 16,000 and 71,000 jobs

Thus, among the household users who do not benefit from the tax reduction, which are mainly the elderly, only 12% received the tax credit in 2007, according to INSEE.So the easiest remain the biggest beneficiaries of the tax benefit, says the Institute, noting that "in addition to receiving a higher rate of reimbursement, greater use and higher amounts" to home care services . In 2007, the richest 10% received 60% of the total tax benefit received by households, a proportion slightly lower only because of the tax credit, since the proportion was 64% in 2006.

The use of home service has grown along with the development of tax legislation, notes the study. It would have doubled between 1996 and 2008 from 6.4% to 12.8%, according to INSEE, which is based on actions reported by households in the social and tax administrations. This development reflects both supported the regularization of undeclared work and employment creation.

INSEE estimates that the introduction of the tax reduction would have led to the creation of 12,000 to 43,000 full-time equivalent jobs and the annual cost per job created would be between 23,000 and 85,000 euros. The new tax credit generates it, "a modest additional cost to the budget," said INSEE. The measure would give rise to the creation of 4,000 to 14,000 jobs at an annual cost per job of between 9,000 and 28,000 euros.

OPEC reduced its forecast for demand growth - October 12, 2011

Organization of Petroleum Exporting Countries (OPEC) Tuesday lowered its forecast for global growth in oil demand, for the fourth consecutive month.

OPEC blamed the slowdown in developed countries and the willingness of China and India to reduce the growth of consumption.

OPEC has reduced its forecast for global growth in demand of 180,000 barrels per day in 2011, is the ability of a medium-sized refinery.

OPEC now expects global demand this year will increase to 880,000 bpd to 87.81 million bpd.

For next year, the cartel forecasts a growth in demand of 1.19 million bpd, 70,000 bpd is less than its previous forecast.

OPEC believes that a poorer than expected performance of the U.S. economy alone may reduce the global demand of 200,000 bpd in 2012, although the likelihood of a third quantitative easing could mitigate its effects.

In addition, a defect has become "the most likely hypothesis in Greece, which can not be excluded", said OPEC, which anticipates stagnant demand in Europe next year.

According to the Secretary General of OPEC Abdullah al-Badri, the Libyan oil production is expected to reach one million barrels per day (bpd) in six months and find that a year from its level before the armed conflict has he said Tuesday.

Meanwhile, the CEO of Total Christophe de Margerie said that Libyan crude oil production in 2012 would find its level before the war.

Values ​​to follow Monday at the Paris Bourse - October 10, 2011

Values ​​to follow, Monday, the Paris Bourse.

* The bank will hold the attention once again after a weekend full of news.

* DEXIA. Belgium, France and Luxembourg have Monday morning launched the plan to dismantle the Franco-Belgian bank Dexia, the first European victim size of the debt crisis in the euro zone, after a day and a night of marathon negotiations.

Belgium announced it would buy four billion euros for the Belgian activities of Dexia (Dexia Bank Belgium). Belgium will bring to the Franco-Belgian bank 60.5% of 90 billion euros of state guarantees, France and Luxembourg 36.5% 3%.A consortium of CDC and the Postal Bank will take over the activities of French local government financing.

France will keep one of the best signatures from the global rating agencies, however, assured the Minister of Economy and Finance on Baroin i> Télé.

* France and Germany have pledged Sunday to respond "lasting and comprehensive peace" to the crisis in the euro area for the G20 summit scheduled for early November in Cannes, which will include a recapitalization of banks in Europe.

* The decision by Fitch to lower notes of Spain and Italy, however, may weigh on the banking sector.

* Renault is expected to announce on Friday a reorganization of the group which will extend the power of its CEO, Carlos Ghosn, reports La Tribune.

* According to La Tribune, Veolia Environnement has recently sold Eolfi Asset Management, his investment company specializing in the management of funds investing in solar and wind energy.

* AIR FRANCE-KLM has reported a passenger traffic up 9.3% in September and a 3.4% drop in cargo traffic.