According to the association of consumers, distribution margins reflected in the service stations would have increased by almost one third in ten years. CLCV denounced a "surge" margins at service stations.
The consumer organization CLCV Tuesday denounced a "surge" of nearly a third in less than ten years of distribution margins impacted by service stations in the fuel prices at the pump, now close to their record in France .
According to a barometer of the association, which is based on the statistics of the French Union of Petroleum Industries (UFIP) and administration, and distribution margins are increased from 2001-2003 to 2008-2010 from July to September , 6 cents for gasoline and 6.3 to 8.6 cents for diesel.
Since same day cash advance is a high risk loan for the lender, the interest rates charged are high. The lender has no security and does not even conduct a credit check.Eviction announced by Pierre-Henri Gourgeon Air France-KLM and the takeover of the group by its president Jean-Cyril Spinetta, could be a lifesaving shock to the Franco-Dutch company, hit by financial indicators in the red and controversial management of the disaster of the Rio-Paris.
In this scenario mentioned in the press Monday, Juniac Alexander, former chief of staff Christine Lagarde, not only would the management of Air France, a decision that was already widely expected, but is positioned to take forward direction General of the entire Air France-KLM.
A spokesman for the group declined to comment, confirming only holding a board in the afternoon and the likely release of a statement later in the day.
Pierre-Henri Gourgeon became Group Chief Executive in January 2009, while Jean-Cyril Spinetta, architect of the merger between Air France and KLM, retained the presidency.
The shelving of Pierre-Henri Gourgeon reached in just over three months after its renewal in early July for a four-year term by the shareholders of the group by an overwhelming majority.
"It's a shock. It is a little surprised because Air France is not a company that used to act like that.However, it is rather good news for Pierre-Henri Gourgeon not really good news to analysts, "said one analyst who requested anonymity.
Around 24:15, the title gained 4.4% to 5.753 euros.It has fallen 62% since the beginning of the year, bringing its capitalization to only 1.7 billion euros, underperforming both the largely German Lufthansa and IAG, an entity formed by the merger of British Airways and the Spanish Iberia.
Pierre-Henri Gourgeon and pay the price for its management of the company, which the French state holds 15.7% stake, which is too much debt, too slow to react and too wasteful, including labor costs well above those of its competitors.
According to press reports, Pierre-Henri Gourgeon Juniac Alexander would have required the newly created position of Chief Executive Officer of Air France as Jean-Cyril Spinetta supported the candidature of Lionel Guerin, CEO of Transavia France.
The catastrophe of the Rio-Paris flight in June 2009, the third serious accident suffered by Air France in a decade, has also raised questions about the technical training of its pilots, after publication of the interim report of the Investigation Bureau and Analysts (BEA).
International air traffic has slowed in August compared to July, posting a 1.6% decline in passenger traffic and a decline of 1.3% of freight from one month to another, said Monday the 'International Air Transport Association (Iata).
Although passenger traffic has increased by 4.5% year on year in August, this trend remains below the 6.1% growth registered so far for 2011.
Air freight has declined in August by 3.8% year on year and increased by only 0.2% since the beginning of the year.
"With business confidence and consumer continues to deteriorate globally, there is not much optimism for an improvement next conditions (sector)," said the Director General of IATA, Tony Tyler.
IATA represents 230 airlines and 93% of global air traffic.
Greece hopes to conclude an agreement Tuesday with its international donors, so you can receive a new tranche of eight billion euros scheduled for October, told Reuters on Monday a senior Greek finance.
"The climate was better than expected," the official said, referring to a conference held on Monday between the Finance Minister Evangelos Venizelos and the "troika" (EU, IMF, European Central Bank).
The Ministry of Finance said earlier that this discussion had been "productive and substantial" and that it be repeated Tuesday night.
"We are close to an agreement and we hope to conclude tomorrow.The government will make an announcement likely on Wednesday after the cabinet meeting.We will continue the discussion tomorrow, "the official added.
Without this new tranche of aid, tied to the forefront of international bailout which Greece received last year, the Greek government said it would find itself short of resources in mid-October.
To avoid this, Greece has to reduce its public sector and improve its system of tax collection, consider its international donors.
"The ball is in the Greek camp, the key lies in the implementation of reforms," said Bob Traa, the IMF representative in Greece, at a conference.
These reforms are required to Athens to collect a new tranche of eight billion euros in the first part of its bailout.
According to him, Greece has cut jobs in the public, reduce the salaries and pensions of civil servants and improve its system of tax collection rather than creating new taxes.
Bob Traa was concerned about the lack of public support for the IMF austerity program / EU, while saying that other countries in the euro zone were on the side of Athens, provided that the government showed that he was acting to control its deficits.
FIVE MEASURES
The euro, but Wall Street had cut their losses after an initial source of the Greek Ministry of Finance had said that an agreement was near on aid between Athens and the troika.
Earlier in the day, the euro was down sharply and European shares closed down for fear of a significant failure of Greece.
Greek media have published a list of 15 austerity measures that they believe the troika requires the implementation.They include a new deletion of 20,000 civil service posts, a reduction or a freeze on salaries and pensions of the public service, increasing the tax on heating oil, the closure of public deficit, reducing spending on health and accelerating privatization.
The EC stated that it did not ask to Athens to adopt austerity measures in addition to what has already been agreed in the reform program of government."What is on the table is in full compliance with the agreed objectives," said the spokesperson of the EC Amadeu Altafaj.
Asked whether Greece would receive the next tranche of aid, Venizelos responded to Reuters: "Yes, of course."
Even so, many economists and investors believe that Greece will end up in default on a debt that reached more than 150% of GDP, perhaps a few months.
Venizelos insisted on Sunday that the spending cuts would be the priority of the 2012 budget. He predicted a contraction of GDP higher than expected 5.5% this year.
London Stock Exchange confirmed on Friday to discuss the purchase of the clearing house LCH.Clearnet, which is coveted by both the service provider Markit UK by rival Nasdaq OMX.
The LSE, which had been, two months ago, put his hand on the Canadian exchange operator TMX Group, said Friday that it "is currently in discussions with LCH.Clearnet to a potential transaction." He added that discussions were preliminary.
LCH.Clearnet, the majority of whose capital is owned by its customers, had said three months ago, she had been in contact about its possible sale.
The LSE said in late May that he did not discuss with LCH.Clearnet.Media evoked them Markit, a specialist in derivatives traded over-the-counter and Nasdaq OMX, in partnership with NYSE Euronext.
For its part, the Financial Times reported Friday that the LSE has submitted a bid for a majority stake in LCH.Clearnet that values the company around one billion euros.
A takeover of the LSE of LCH.Clearnet would be logical in that, unlike most of its competitors, it does not own its main clearing house.
The LSE is already owner of the Italian clearing house CC & G, which it inherited when it bought Borsa Italiana in 2007.The Director General of Xavier Rolet LSE is keen to diversify its business and to increase the share of revenue under the compensation.
"LSE is not to miss the boat but it is likely he will not be part of a larger group with NYSE and Markit," said one trader in London.
The action LSE lost 1.4% to 919.5 pence in early trade while.
Unlike his opponents in the primary Socialist Segolene Royal offers the restaurant industry to maintain the 5.5% VAT, provided to hire young people. Segolene Royal, Socialist candidate for the primary (here at a press conference in Paris June 29, 2011).
Segolene Royal, Socialist candidate for the primary, offers the restaurant industry to maintain the 5.5% VAT provided that the companies agree to take young people learning or alternately, says in a statement Friday.
The Presidentti of the Poitou-Charentes "is ready to maintain the 5.5% VAT provided that the companies are committed in the Charter for Youth Employment: taking learning or alternatively at least one young per than five employees, "said she at once in this release and in an interview Friday at Nice Matin.
"The results of this action giving / giving will be made after one year if the contract is not respected, VAT will be returned to its normal level," she warns. "Knowing that there are nearly one million employees in the hospitality industry and restaurant (…) this will allow the hiring of 200,000 young people in learning or alternately," said Segolene Royal. This measure is part of its "priority to boost economic activity," she said.
President Barack Obama on Tuesday signed the text on raising the debt ceiling of the United States, adopted shortly before the Senate, which prevents the country to end up in default.
The agreement, approved yesterday by the House of Representatives, was in the upper house voted by 74 votes against 26.
In a statement at the White House, Barack Obama hailed an "important first step" to ensure that the U.S. no longer live beyond their means.
The president added, however, that other measures would be needed to revive the U.S. economy.
He stressed the need for a "balanced approach" in measures of debt reduction, particularly through tax reform, so that the middle class does not share the heaviest burden of the reforms should be discussed by a bipartisan commission.
He insisted that the sacrifices demanded of Americans are equitably shared, adding that the richer should also be involved.
"Everyone should contribute, it is only fair," he said.
The compromise negotiated in extremis by the Republicans and Democrats planning to reduce the U.S. deficit of 2,100 billion in ten years.
Concerns remain
The U.S. debt ceiling, currently set at 14,300 billion will be raised and the United States and escape to a situation of default, which would have affected the entire global economic system.
In the hours before the vote in the House, uncertainty still hangs over the attitude of the parliamentary basis, both right and left.
In the ranks of the Republican Party majority in the House of Representatives, elected officials close to the Tea Party had raised objections to the compromise negotiated over the weekend in Washington.
In the ranks of the Democratic Party, the left wing complained that the text does not provide immediate tax increases for the wealthiest households and corporations.
Monday night, 174 Republicans voted in favor of the agreement, against 66 who opposed it.The group has divided Democrats, voting for 95 elected, 95 elected voting against.
There remains some concern about a possible deterioration in the sovereign rating of the United States, the Triple A allowing them to obtain financing at favorable rates.
If the world's largest economy was losing the "signature" would increase credit costs in the United States and threaten the fragile economic recovery, with implications for the global economy.
However, Fitch Ratings said Tuesday that the agreement was consistent with the three note "A".For the rating, the risk of default of the United States is "extremely low".
Cuts in public spending
The compromise adopted by Congress provides for drastic reductions in public spending over ten years but does not affect taxation.It creates a bipartisan parliamentary committee responsible for defining the end of November a new plan to reduce the federal deficit.
The Congressional Budget Office (CBO), non-partisan, confirmed that the compromise would reduce the deficit of at least 2100 billion over ten years.
On a political level, hard to say who should win this long and tortuous process.
Barack Obama, who is running in a second term in November 2012, accepted cuts in public spending of a magnitude greater than what he wanted and will have to convince the electorate as he had left no other choice.
However, the Democratic president could garner points among moderate voters and "independent".
"This process was long and messy and, as with any compromise, the outcome is far from satisfactory," he said in a video message released by his campaign. "But he also launched an important debate on how we address the challenges that lie ahead."
Right, John Boehner, the chairman of the House of Representatives, won the cuts he sought and avoided an immediate increase in taxes.But it could emerge from this crisis with a tarnished image, that of a leader under the influence of too sharp Tea Party, the conservative movement that has developed in recent years on the fringes of the Republican Party.
Finally, the American political establishment as a whole could suffer from these weeks of negotiations, that public opinion could be interpreted as political maneuvering at a time when Washington expects it effective remedies to boost growth and reduce unemployment, which remains at over 9% of the workforce.
"The real loser in this exercise is Washington," said Scott Reed, Republican elections.
The new car registrations in France were charged in July the fourth month of consecutive decline, still suffering the backlash of the late scrapping.
The Committee of French Automobile Manufacturers (CCFA) announced Monday that new car registrations in France fell by 5.9% last month to 159,945 units. July 2011 had counted 20 working days, one fewer than in July 2010, the decline in comparable number of working days (CJO) stood at 1.2%.
"July is an important month for the market before the August break, performance remains quite good," said a spokesman for the CCFA."It turns well to a decline of 8 to 10% throughout the year as it will be impossible to trace levels of late 2010."
The French market continues to nibble advance acquired in the first quarter, delivery period of the last cars ordered before the end of the scrapping. In the first seven months of the year, it remains still rising, but only just (0.2%)
Demand is traditionally strong in July before the last burst of holiday departures.In June, the market shrank from 12.6% in raw data – and 3.9% on CJO.
The scrapping has benefited mainly small cars and French manufacturers, which is a great specialty, the "product mix" has rebalanced toward larger models since the end of aid.Foreign manufacturers such as Volkswagen's German (7%) benefit.
In July, registrations French manufacturers have fallen by 9.3% – those of PSA Peugeot Citroen fell 7.0% and Renault's 12.4% – while sales of foreign manufacturers have declined only 1.2%.
Of these, however, Italy's Fiat showed a fall of 22.8% across the group because of its high exposure to the city car segment.
Ignored for more than six months due to the inability of European leaders in a coordinated response to the crisis of sovereign debt in the euro area, the project of a European bond market appears to be one of the few solutions logic to avoid a worsening situation.
With the contagion of Spain and especially Italy, the crisis dimension changes due to the weight of these two economies in the euro area and the Italian debt outstanding, the highest in absolute terms within the area.
"Neither the euro area, and probably not the world can not afford an open crisis of the Italian debt," warns Jim O'Neill, chairman of Goldman Sachs Asset Management, and a supporter of European bonds.
This proposal, supported by the President of the Eurogroup Jean-Claude Juncker and initially by the French and Italian, was made in May 2010 by two economists, French and German Delpla Jacques Jakob Von Weizsacker in the Institute Breugel, a think-tank in Brussels.
It was updated in March at the request of the European Parliament and plans to separate sovereign debt in the euro area into two categories: the "debt blue" and "debt red".
"Debt blue" senior, whose quality would be identical to the German Bund would go up to 60% of GDP and would still be paid before other public debts.
Institutional investors such as pension funds or managers of foreign exchange reserves of central banks would be natural buyers of these securities, which could help drive down the performance below even that of the German Bunds and defuse criticism Berlin on the overhead that Germany would have to bear in ensuring partners spenders.
For the Breugel Institute, the project could save up to 10% of the cost of debt service for the countries of the euro area.
Another objection to the project, categorically rejected by Berlin in the name of the principle of non-bailout of a Member State by others, no longer seems to hold little after three rescue of Greece, Ireland and Portugal and implied warranty attached to the emissions of EFSF and MSE that will follow, said Guillermo de la Dehesa.
The idea of a European bond market or a European debt, however, made its way in spite of German opposition.
Lorenzo Bini Smaghi, board member of the European Central Bank said last week that the member countries of the euro area should leave it to a supranational authority to issue debt within certain limits.
More radical still, the ECB president, Jean-Claude Trichet, last month discussed the possibility of creating a post of Minister of Finance of the European Union.
"In the Union of the future (…) would it be too bold in the economic field, with a single market and single currency, to consider a Ministry of Finance of the Union", has he asked.
Airbus has received orders from India for a total of $ 35 billion, said an official of the European aircraft manufacturer Friday.
Airbus, an EADS subsidiary, has an order book of over 400 aircraft delivered to airlines in India in the next 15 years, said on the sidelines of a conference Joost Van Der Heijden, sales manager for Africa, India, Southeast Asia and Japan.
He added that India was the seventh-largest Airbus but is expected to grow in the rankings.
"India will rise with traffic growth than anywhere else in the world," he said."The Indian fleet is likely to double or even triple in years to come."
The low cost carriers GoAir Indian Indigo and last month have placed orders with Airbus representative in the $ 23 billion.
Boeing reported Thursday for his part he had orders of fifteen billion dollars from Indian companies.
He predicted that the Indian market of civil aviation will reach $ 150 billion over the next twenty years.