Archivio per la categoria 'economics'

4G has become a selling point

 

Three major operators compete around the 4G brings the Internet broadband mobility to exchange emails in the blink of an eye, watching videos or surfing the Web at home. Verizon, AT & T Wireless emphasize that LTE (Long Term Evolution). In early summer, Sprint will join the battle overseas.

After saturation of services in New York and California, customers are opting for a more reliable service. U.S. operators had invested less than their European counterparts for the previous generation of mobile telephony. "There is a change in leadership. There are four or five years, European operators dominated the mobile technologies. Now, operators in the United States have adopted and deployed the LTE, "says Wim Sweldens, president of the mobile division of Alcatel-Lucent.

Of some 6.4 million users worldwide LTE end of 2011, 63% of Verizon customers in the U.S., notes the firm Informa. They should represent 428 million customers at end 2016, representing 6% of mobile users worldwide, said the company Juniper Research. 4G is a boon to increase average revenue per customer. AT & T and Verizon offer commercial offers between 40 and 50 dollars a month for data only, not to mention the basic subscription between 20 and 30 dollars. In France, "we want to be ahead of our competitors for the deployment of 4G," says Stéphane Richard, CEO of France Telecom, who refuses to indicate when it will launch its service for the benefit of surprise. Orange is expected no earlier than the end of the year and most likely in 2013.

Sign that the market takes off, the number of terminals available is increasing rapidly. Last year, the only facilities were proposed to connect the USB to connect a PC 4G, Huawei launched by the Chinese and the Taiwanese HTC. In January 2012, "48 for LTE smartphones are on the market, six times the number six months ago," says the GSA (Global Mobile Suppliers Association). Among them, all the major manufacturers have answered the call, with the notable exception of Apple. Catalogs are provided the most offered by Samsung (17 smartphones LTE), LG (10) and HTC (7).

As for equipment for 4G networks, the battle is very fierce between manufacturers to be selected for the 226 to build networks in 76 countries. In this market, European manufacturers are the strongest. Sweden's Ericsson and French Alcatel-Lucent selected by both the largest U.S. operators, reap the biggest contracts. They got respectively 36.7% and 21.1% of the world in 2011, says research firm In-Stat. Then come the duo Nokia Siemens (11.7%), in the lap of the Finnish group, China's Huawei (9.9%) and other actors such Samsung, NEC, Cisco and ZTE.

SNCF TGV depreciates its 700 million euros

 

SNCF will release on February 16 as "good" annual results, in the words of its leadership. Yet they will undergo a severe movement of the plane. On 14 February, the president of SNCF, Guillaume Pepy, unveiled to participants of a seminar on "business model TGV" that his group would carry out an impairment of € 700 million on its TGV . "The value of TGV, now in the books of the SNCF, amounts to nearly 4.5 billion euros," he said, according LaTribune.fr who reports his remarks. We will depreciate the 700 million euros because we have too many trains and they are mostly old. "

The fleet has 457 SNCF trains whose average age is 17 years. This decision comes as the SNCF profitability of the branch TGV group – very profitable long – has deteriorated in recent years. An evolution largely attributed by the public company to the concomitant increase in tolls which it must pay with Réseau Ferré de France (RFF), owner of the tract. Since late last week, SNCF and RFF have agreed on changes in rates of tolls until 2018. Guillaume Pepy was this medium-term visibility a prerequisite for engaging in orders for new trains. He said Tuesday that such investments would only be possible when the operating margin of the travel industry would reach 20%. Or it tops out at 14% today.

Until 2015, the fleet will continue to welcome new trains: 15 "Euro Duplex" will be delivered by Alstom in 2012, 11 in 2013, 11 in 2014 and seven in 2015. According to its chief financial officer, David Azema, who intervenaitle February 15 parliamentary days when the rail is in fact particularly after 2025 that the station should replace trains end of life.

ALSO READ:

"The station puts its employees in the plan

"IDTGV the laboratory for ideas of the SNCF, expanding its services

For a time, Athens can blow. After a meeting in Brussels, the seventeen ministers of finance in the euro area have given their approval for the payment of the sixth tranche of aid to Greece. At a cost of 8 billion euros, it should help support the country, public debt has recently passed the threshold of 160% of GDP. Initially, Greece will receive 5.8 billion from the euro area, yet the remainder dependent on the approval of the International Monetary Fund (IMF).

Eagerly awaited the release of the envelope is part of the plan of 110 billion euros agreed in May 2010.This decision allows especially on track to the second rescue plan prepared in late October, to be finalized between the Greek Government and private creditors in early 2012 best payday advance.

A sign of confidence

For the new Greek government, this decision is also similar to a pledge of confidence in the euro area for the implementation of austerity measures which the aid was conditional. Athens has also worked hard ahead of the meeting date. In a statement released this afternoon, Evangelos Venizelos, Greek Minister of Finance, has assured that "all the necessary conditions" for the new aid program had been met.

It must be said that the release of the tranche was delayed several times.

2009-2010 season: OM won his first championship of France since 1993 and PSG end to a sad 13th place. Two years later, the situation was reversed: after 14 days of the championship, the club of the capital take the lead in Ligue 1 Marseille and his rival just to exit the middle of the table (tenth). Economically, the situation is identical. The reason lies in two words: Qatar.

By buying in May, 70% share of the capital club for just over 30 million euros, Qatar Sports Investments (QSI) ushered in a new PSG financial sphere. "Lyon brought an offering in February 2007, 28% of its capital to 100 million euros, valuing the club at 360 million, said Vincent Chaudel, expert sport at Kurt Salmon. For its part, the Parisian club would be valued 50 million. Is it more than six times less than Lyon? I'm not so sure.Potential, if only as local, is enormous. "

"Manage your club is good, investing is better"

For its part, the main shareholder of the OM, Margarita Louis-Dreyfus was clear: "I am neither my husband (Robert Louis-Dreyfus died in July 2009 and former owner of Marseille) or Qatar," Has she told the world last October. In other words, it does not align the euro as easily as the Qataris. "Manage your club is good, but it's better to invest a club like OM, which is dependent on the income earned by the Champions League. And if he does not qualify for this competition, losses can reach 20 million. Which, for a budget of 140 million, is not negligible, "said Vincent Chaudel.

The Korean Kospi loose 0.68% to 1782 points while the S & P Australian unscrews from 1.48% to 3984 points. The Indian Sensex drops 0.15% on its side at 15,864 points. The financial sector is under attack throughout the region. In Hong Kong, China Merchants Bank lost 2.57% and Bank of Communications was down 1.43. In Sydney, Macquarie Group was down 2.51% while in Tokyo, Shinsei Bank lost 5.20%.

In Japan, however, the Nikkei has tried the rebound during the session payday loans. He finished last in equilibrium, a small loss of 0.06% to 8160.01 points, supported by the securities industry exporters. The latter benefit from a surge in the dollar against the domestic currency, above the 77 yen. Nikon gained 2.84%, Mitsubishi 3.41% and 1.06% Fujifilm. The action Olympus continues to rise after having earned 17% yesterday. The title was up 5.69%. The broader Topix index has in turn taken up 0.07% to finish at 706.60 points.

The atmosphere is still gloomy at the New York Stock Exchange on Wednesday. The Dow Jones was down 0.68% in early trade to 11,494 points and the Nasdaq 0.83% to 2499 points. Signs of slowing global growth are increasing for several days. On Monday, the downward revision of U.S. growth in the third quarter, Wall Street had won. U.S. markets would still blame the shot after the announcement of a further slowdown in the Chinese economy my credit score. Preliminary PMI Manufacturing activity in China, issued by HSBC this morning, recorded in November, its biggest drop since March 2009, to 48 against 51 in October. An index below 50, resulting in fact a contraction of activity.

Slowdown in China …

The country's dependence on exports is the main cause of this fall, analysts said HSBC.

Taking rang in Dubai, where the 2011 Air Show closes today. Contrary to the fears of some, Dubai 2011 has been a vintage correct with more than $ 40 billion of contracts (the rate catalog) reaped in four days by Airbus and Boeing. A good result after the fireworks of the Paris Air Show in June, which had resulted in some 100 billion dollars of contracts for only 72.2 billion Airbus.

Public debt crisis, threat of recession in western countries, job losses in banking, automobile … Nothing seems to affect Airbus and Boeing, who see a looming record year. Like ATR, the world leader in regional aircraft propeller, which flies from strength to strength.With three ATR 42-600 (50 seats) operated by the company in Dubai Siberian North Star, the manufacturer of Toulouse, a subsidiary of EADS and Finmeccanica, accumulated 148 orders since the beginning of the year. Historic levels for ATR and higher than the previous record of 2007 (113 orders). ATR now assumes 80% of the market for new aircraft from 40 to 90 seats, all confused engine (jet or turboprop).

With 221 orders and commitments announced in Dubai for $ 20.5 billion, Airbus also exceeded by mid-November 2011 its goal of 1,500 gross orders. "Our NEO A 320 was again the star of the show," welcomed John Leahy, Airbus chief executive, in charge of clients. Remotorisée version of best-selling Airbus to come into service in 2015, was commissioned to 130 copies in Dubai bringing its backlog to 1420 NEO.

In Athens

"Greece is entering a new era," commented George Papandreou during his press conference in Brussels. The Greek prime minister did not hide his relief in a speech to the nation on Thursday night. Greece was saved at the default. Among the measures adopted at European summits include the release of a new tranche of 100 billion euros and the deletion of 50% Greek debt, "voluntarily" from the private creditors (banks, insurers …). This debt and return to 260 billion euros, its level of 2009. The ambitious program of privatization has also been revised downwards. The objective is to privatize up to 30 billion euros by 2020 instead of 50 billion euros for 2015.

"It will not delay to send us these details," claims Vaggelis Haratsis, CEO of the company financial management Ahepef Beta. Holding a lot of Greek debt, local banks will be hit hard by the discount will be recapitalized and 30 billion to cash in shock payday loans no teletrack. This will involve probably the injection of public capital. "If the banks really are nationalized, it will be the key for several years. In the end, they pay the inability to manage the crisis by politicians, "said Vaggelis Haratsis.

In return for aid to Brussels, Greece has to accept an austerity to 2020 and ongoing monitoring of representatives of the European Union and the International Monetary Fund. Experts to settle in the country to monitor progress with reform and adjust if necessary.Only in this way we can avoid recession and reducing unemployment is at 17%. " It will also quickly overcome the social discontent, motivate the Greeks to return to work, to stop the strikes and occupations of government departments, and not to cheat on their taxes.

China weighs on Asian stock markets

The fear of a slowing Chinese economy weigh on Asian stock markets. On Tuesday, the day after a session, however encouraging, the Hang Seng Index in Hong Kong and Shanghai Composite Index unleash respectively 3.52% and 1.52 points to 18,209.70% to 2403.32 points. Investors react to the publication of a slowdown in Chinese growth to 9.1% in the third quarter, against 9.7% and 9.5% in the first and second quarters.After this bad figure, other regional financial centers are also displayed down: the Nikkei of the Tokyo Stock Exchange lost 1.55% to 8741.91 points, the Kospi index in Seoul fell by 1.51% to 1837.01 points, the S & P / ASX 200 Index yields 2.07% at Sydney 4186.90 points, the BSE Sensex 30 in Mumbai plaice 1.73% to 16,730.10 points and the FTSE Straits Times of Singapore gives up 1.81% to 2728 , 55 points.

"Economic growth is currently facing a more complicated on both external and internal plans," said the spokesman for the National Bureau of Statistics (NBS), Sheng Laiyun commenting on the growth of China. In fact, Chinese exporters are beginning to suffer from particular sovereign debt crisis in Europe, their largest market, a difficult economic situation in the United States.The Chinese economy is also impacted by rising wages and strong yuan, has appreciated by 7% in a year against the dollar. "The number of factors of instability and uncertainty increases," says Sheng Laiyun.

The concern weighing on Europe

In this context, the correct figures for China's industrial production have gone unnoticed. This has increased by 13.8% in September year on year, according to BNS.

In addition, concerns about the debt crisis in Europe grew yesterday and weigh Surles markets payday loan lenders. The German Minister of Economics Wolfgang Schäuble has indeed warned that the EU summit to be held in Brussels Sunday will not lead to a definitive solution to the debt crisis. And, while the central bankers of the euro zone had promised a response "comprehensive and lasting peace" to the crisis at the G20 finance this weekend in Paris.

China Eastern Airlines to Hong Kong and Tepco

On the corporate side, China Eastern Airlines (-9.82% to 2.57 Hong Kong dollars) on Monday announced an agreement to acquire 15 Airbus A330 family for a selected list price of $ 2.5 billion, for delivery between 2013 and 2015.

The action of the firm Olympus camera dropped by a further 8.87% to 1.417 yen to the Tokyo Stock Exchange, bringing to 43% since the sudden collapse of his dismissal Friday of its British CEO accused of mismanagement President Honorary Japanese company.

Note that Tepco, the operator of the nuclear accident in Fukushima, yields 1.38% in Tokyo, after asking the first tranche of public assistance of some 700 billion yen (6.7 billion euros) for finance part of the compensation of victims, according to Japanese media on Tuesday.

On the front of currencies, the euro rose 0.28% to 1.377 dollars on Tuesday. Oil is meanwhile down in Asia after the confirmation of a slowdown in Chinese growth in the third quarter against a backdrop of skepticism about a speedy resolution of sovereign debt crisis in the euro area. The barrel of "light sweet crude" for delivery in November, up in the early electronic trading, lost 9 cents to 86.29 dollars, around 6:00.

Aid to Greece, the euro suspended Slovak vote

After the vote of the Maltese Parliament – which unanimously passed in the night from Monday to Tuesday the agreement of 21 July on aid to Greece – Europe now has their eyes on Slovakia. The Slovak Parliament began its deliberations this morning which should lead to a vote in the early afternoon. The uncertainty is very high on the outcome of the election: the Freedom and Solidarity Party (SaS) member of the ruling coalition threatened to vote against, in fact, which would switch the winning side of the "no" with to Greece.

In the early morning, Prime Minister Iveta Radicova recognized that there was still no agreement in favor of a positive vote. The government could be forced to get a favorable vote, to offer in exchange for the organization of early elections.That is to scuttle.

Slovakia is the last state to ratify the agreement of 21 July, which must be adopted unanimously by the seventeen member countries of the euro area to take effect. If the vote is negative, in a few hours, the shock could be severe in the financial markets. Sole ground of hope, the Slovak parliamentary system allows in case of negative vote of Parliament to seek a second, which may occur on weekends and offer a last chance for negotiations.

ALSO READ:

"SPECIAL – Crisis: the fear of debt