In the wake of Wall Street and Paris, the Asian stock markets preparing to end the week uncoordinated. Although most of the macroeconomic indicators published Thursday in the U.S. and Europe were positive, caution is still required until the figures of unemployment and employment for the month of August in the United States.

Around 7:00, the Nikkei 225 gained 0.19% to 9079.80 points, the Hang Seng in Hong Kong shows a small increase from 0.08% to 20,884.96 points, the Seoul Stock Exchange and Sydney move at equilibrium respectively 3726.98 points (+0.02%) and 4533 points (0.01%) and the Bombay Stock Exchange ahead of 0.16% to 18,268.04 points.Only the Taiwan Stock Exchange posted a sharp increase: 1.33% to 7823.54 points.

Conversely, Singapore was down 0.20% to 2980.70 points and the MIC of the China Stock Exchange was down 0.48% to 2907.32 points.

On the currency markets, the euro / yen has fallen slightly: -0.17% at 107.96 yen per euro, as the dollar / yen -0.10% at 84.23 yen to the dollar .

Oil prices drop below $ 75 in electronic trading in Asia, due to profit taking and some optimistic forecasts for employment in the United States.

In morning trading, a barrel of light sweet crude for October delivery lost 26 cents to 74.76 dollars. One of Brent North Sea crude for October delivery yielded 35 cents to 76.58 dollars a barrel.

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… No need to tape to deal with the default antenna of the iPhone 4. Apple has another solution. His boss, Steve Jobs, under fire from critics, spoke Friday night from Cupertino, California to restore the credibility of the company. To begin, he conceded that his group was "not perfect". He then unveiled the solution to solve the problem of signal loss when the hand covers the bottom left of the iPhone. The solution? A simple plastic case and rubber will be offered to owners of Apple's new smartphone. Better, this case, which costs $ 29 in trade, will be refunded to those that have already bought one. And if all this were not enough for dissatisfied customers, they could also make their free iPhone 4 in stores.

If customers are reassured, investors too. The Apple stock has returned to the green.For financiers feared that Apple chooses instead to conduct a recall of 3,000,000 iPhones already sold since the launch on June 24 It must be said that such an option would cost around 1.5 billion dollars to the firm at the apple instead of 45 million cases for the "magic".

Verdict reassuring

The American magazine Consumer Product tested the case in question this week in the laboratory and concluded that this solution was acceptable. The "bible" of consumers who had inflicted the fatal blow to Apple last Monday discouraging consumers to buy the iPhone 4, returned a verdict for Apple reassuring."When we gave the case and put our finger on the rubber part where it covers the gap (problem), resulting in a significant loss of reception, so small as to have no effect on the receipt, "says the magazine.

The New York Times suggests that it is not a simple problem of antenna and metal frame, but communication software. Citing an unnamed source familiar with the matter, the newspaper said that the iPhone has four public discovers a defect inherent in all of its predecessors."The problems occurred in the complex interplay between communications software and antenna," the source said, adding that it could be solved with a software update and that Steve Jobs was not aware of this problem before the launch of the device in late June.

Reputation tarnished

This failure has nothing to do with the error display signal reception originally put forward by Apple as the cause of the problem of the antenna and set this week.

Still, the reputation of Apple and its founder is seriously tarnished by this affair. Especially since Steve Jobs, who initially denied the failure of his latest "toy" had long been aware of the situation but have decided to ignore the recommendations of its engineers, as he liked the new design, according to Bloomberg . What the person denies.Sin of pride? Consumers expecting at least Friday a little humility on his part.

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The sixteen capitals of the euro will, on Monday at the Eurogroup, the finishing touches to 'ease' of 750 billion euros, which must guarantee the eventual bailout of states at the edge of bankruptcy, according to sources placed at heart of the discussion. Germany finally helped a lot by going beyond the limits imposed it seemed, an EU official confirmed Friday: "Everything will be operational within a few weeks."

The actual launch of the European Facility for Financial Stability (FESF) could bolster the euro and calm the markets, hitherto little comfort from the start of construction decided in an emergency on May 10 last. The issues of risk sharing and security ultimately raised by the Merkel government, have long hindered the development. But it was Berlin came the answer.The debate could end Monday with the appointment of the Chairman of the facility, on the occasion of the Eurogroup in Luxembourg.

The FESF, intergovernmental organization and incorporated in Luxembourg, will have a board with decision unanimously. This leaves a veto in Berlin and other capital of the euro. In theory, the decision to help a country asphyxiated as well as the amount of the guarantee and / or loan will be made once and for all, as desired by France.

Loans conditioned

In practice, using the FESF will be conditioned to multi-year plans for fiscal consolidation. They require, as for Greece, a regular monitoring of progress, terms of appointment, or even a questioning of the programmed disbursements. Germany promises to be challenging at every turn.

The European facility can guarantee or provide up to 440 billion euros of bonds or loans, equivalent to 4% of GDP in the euro area. The IMF and the European Commission will provide the additional 60 billion euros for the Commission and up to 250 billion euros for the IMF.

Its creators plan to combine two modes of action: either a common security for borrowings granted by the State in difficulty or of loans granted to the State FESF in trouble after borrowing common in international markets.

Triple A

In both cases, the sixteen are issued by the prestigious AAA rating agencies and the interest rate is more favorable. The first method is the simplest and fastest. The second, which resembles a European issue, reinforces the coloration Community commitment."This looks like a Euro-issue, even if it remains politically difficult to use the term," says the European official, in an allusion to the reluctance of Berlin.

In addition, the guarantee given by each signatory is not integral, unlike a conventional transmission. It is limited to 120% of the initial commitment of each capital. These 20 points are margin solidarity efforts made by the Merkel government. They also mean that Germany would not pay off the entire bill, even in the unlikely scenario where all partners would collapse one after the other.

The CAC 40 Opens Wednesday's session again on a decline. After a dramatic surge Monday and a break Tuesday, the Paris markets following the U.S. trend and Asia, that is to say on a bearish note, including a technical standpoint.

The markets have overreacted to the emergency plan Monday to the European Union, blew Tuesday, notably taking into account the economic difficulties of the Old Continent in the medium and long term are not resolved. In the first exchanges, the CAC 40 was down 0.75% to 3665.8 points.

Thus, the uncertainty takes over your life.However, markets hate uncertainty, particularly the euro remains under pressure against dollar propels gold higher: an ounce reached 1235 dollars in Hong Kong on Wednesday morning.

The key index in Paris also changing depending on the reaction of investors to the rain of macroeconomic publications in France, Europe and the United States. Many companies have released their quarterly revenue.

Torrent indices importance

In France, consumer prices rose 0.3% in April compared to March to receive an increase of 1.7% year on year, according to Insee.Another factor is the expected French industrial investment rose 6% in 2010 (against 5% previously).

However, French growth was revised in 2008 to 0.1% (against 0.3% previously announced) and in 2009 to -2.5% (-2.2% cons), while the GDP rose only 0.1% in the first quarter of 2010, according to a first estimate.

Furthermore, the current account deficit moved to France to 4.8 billion euros in France in March, after 3.5 billion in February, said Wednesday the Bank of France.Twelve-month cumulative current account deficit amounted to 40.6 billion euros in raw data.

In Britain, the unemployment rate in April will be unveiled, while Gordon Brown leaves his post as prime minister in favor of Conservative David Cameron.

In the euro area, the first estimate of GDP over the first three months of the year is included on all agendas investors.Industrial production in March for the sixteen countries with the single currency will also be scrutinized closely.

In the U.S., the news is also responsible macroeconomic Wednesday, including figures on external trade in March (1430) and the traditional weekly crude oil inventories (1630).

Vivendi largest increase in the CAC 40

Vivendi (1.03% to 18.1 euros) has issued a consolidated net profit of 598 million euros (+21.3%) and a turnover which rose by 6% to 6.9 billion Euro. The titles show the largest increase in the CAC 40 in front Lagardere (0.14%, to 27.95 euros).

Natixis confirmed its recovery. The company posted its third consecutive profitable quarter to 464 million euros, against a loss of about 1.8 billion euros in the same period last year.Its parent company, the group BPCE, publishes a quarterly net profit of around 1 billion euros. Natixis shares climbed 3.15% to 3.86 euros, or one of the best performances of the SBF 120.

For its part, Dexia said it earned 216 million euros in the first quarter, better than expected, but less than a year before. His exposure to the debt of Greece to 3.7 billion euros. In an interview with Le Figaro, Pierre Mariani, the CEO wants cautious for 2010.

Leading the SBF 120, Steria: turnover rose 2.9% at constant scope and exchange rates in the first quarter to 414.6 million euros for the group of services. The shares are 7%, 24.3 euros.

Just behind Ipsos (3% to ? 29.65) expressed confidence in his ability to resume in 2010 with sales growth and profit margins after a first quarter rebound in activity.

CNP Assurances (0.58%, to 62.7 euros) saw its net profit in the first quarter bend 2% a year. It has indeed reached 280 million euros in the first quarter for a turnover of 9.4 billion euros.

TF1 bends, Rexel fall

In TF1 (-2.63% to 12.94 euros), the advertising sales rebounded 13% in the first quarter. Chain foresees for 2010 a growth twice higher than expected turnover in favor of the integration of a TMC NT1.

Its parent company Bouygues (-0.53% to 34.42 euros) said Tuesday quarterly sales fell slightly, the growth activities of Telecom and TF1 was not enough to offset the decline in construction and Colas.

Telecom side, it is SFR and Bouygues Telecom who have hoisted the leading French telecom operators in the first quarter in terms of winning new subscribers in the fixed (ADSL), enjoying a particularly poor start to the year at France Telecom ( -0.25%, to 15.9 euros).

In addition, the telecom regulatory authority, Arcep said Tuesday that Free Mobile, Orange and SFR had applied for the two blocks of spectrum third generation mobile (3G) Residual now available in France .

NRJ Group (-0.27%, 7.5 euros) has announced a turnover down 1.7% in the first quarter, the combined effect of the decision of the musical and Cleopatra a media market remains timid.

For its part, Metropole TV (M6) tumbles 11%, to 17.84 euros.

Rexel fell 5.25% to 11.37 euros.The electrical equipment distributor issued a quarterly revenue of 2.7 billion euros, down 5.7% on an organic and an EBITA of EUR 109.3 million, up 33%.

Meetic climbs

Derichebourg announced Tuesday a 18% jump in net sales in the first half of 2009 to 2010 at constant perimeter and constant exchange rates due to strong growth in its environmental services industry.

Meetic (7%, to 20 euros) on Tuesday reported a 37.6% increase in its quarterly revenue, to 43.4 million euros and confirmed its growth target for pro-forma revenues of between 7 % and 10% for the full year 2010.

Finally, the Bollore Group said Tuesday have options to sell two thirds of its stake in Vallourec in May 2011 at a guaranteed price of 136 euros per share.The exit clause if Bollore exercised, would cover an amount of 267 million euros and represent a potential capital gain of 130 million euros.

Groupe DANONE posted on Thursday its sales for the first quarter of 2010. It is up 7% to 3.978 billion euros, in line with the stated objectives. Growth was driven in a significant increase in volumes of 10.8% and a policy of falling prices (-3.8% on average).

The increase in turnover is true in all categories of product group. In "dairy products", the largest division at Danone, there is an increase in turnover of 7.6% over one year helped by Easter which is positioned earlier in the year. Waters, an increase of 2.3%, are drawn by the emerging countries. Infant nutrition has been a growth of 8.5% and medical nutrition, up 9.3%, is supported by an increase in volume and value.

Outlook 2010

The group expects economic conditions still fragile on the year.He said: "In this context, we continue to encourage the development of our categories, strengthening our competitive position and developing our brands." Concerning its objectives, Danone is still growing in sales of at least 5% with a stable operating margin compared to 2009.

"Danone launches in fruit juices

"Danone will not increase its prices in 2010

"Defending the money effectively and the interests of American taxpayers." That is what the U.S. Treasury Department wanted exercising "its right to appoint two directors to the board of directors of the insurer American International Group (AIG). Thus, Donald Layton and Ronald Rittenmeyer joined the group.

According to Treasury, these two newcomers "will contribute significantly to what AIG Debt Reduction, to divest itself of its so-called risky activities and reimburse the taxpayers," commented Herbert Allison, the Assistant Secretary for Financial Stability.

Donald Layton has held the position of CEO including E * Trade Financial Corporation and worked for 29 years at JP Morgan Chase (until 2004).Ronald Rittenmeyer himself has chaired and directed Dating Electronic Systems, a technology services company that was sold to Hewlett-Packard in August 2008.

For the U.S. Treasury Department, the appointments are "right" puisqu'AIG breached its duty to pay dividends on preferred shares held by the State. And for four quarters.

A rescue that has cost too much

The insurer had in fact been rescued from the brink of bankruptcy in September 2008 by the American central bank (Fed). Moreover, officials of the support plan that was put in place for the U.S. insurance group felt that excessive funding were paid cash loans Guaranteed approval ".

Directed by Neil Barofsky, the Special Inspector General to oversee the use of 700 billion dollars of public funds used in the heart of the crisis (or 468 billion euros), a report overwhelms including Timothy Geithner, the current Treasury secretary U.S. and chairman of the Federal Reserve of New York at the material time.

The rescue of AIG will ultimately cost about 180 billion (120.4 billion euros).

Disposals to repay

With the sale of Alico to MetLife for $ 15.5 billion, and after the agreement to sell its Asian branch of life insurance, American International Assurance, to $ 35.5 billion to the group Prudential, AIG will go to the New York Fed's $ 32 billion in cash in the coming months, if both operations are packed as expected by the end of 2010, the Wall Sreet Journal highlighted recently.

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At 85, Jacques Dessange finally hangs up the scissors. Even if no cap over himself for over forty years, founder announced yesterday the sale of 21.6% stake in his company that he still had the financial OFI Private Equity Capital. The French-listed fund (also a shareholder of the restaurant chain Leon de Bruxelles) had already taken 65% share in mid-2008. The transaction is based on a valuation of Dessange International 80 million euros.

Dethroned recently by the Franck Provost group which took over the networks of Jean-Louis David, Dessange has pioneered the development of hair salons free. It has more than 1,000 shows in France and abroad (40%), under its brands Jacques Dessange, Camille Albane and Fr?d?ric Moreno.The set weighs a business volume of more than 700 million euros.

Royalties paid back by franchisees to the parent (about 5% of revenues) and sales of hair products (especially via a partnership with L'Oreal in supermarkets) are a direct turnover of 53 million euros for Dessange International, with a return close to 20%. OFI wish within five years to double the size of the company, including developing the network in France, the United States and Asia. "China is one of our priorities," says its president Olivier Millet. It also has double the sales of products.

Jane Fonda and Sheila

The adventure began in 1954, when Jacques Dessange, hairdresser's son born in Sologne, created his first salon in Paris. With his first wife, Brigitte Bardot officer, he conquers Famous faces such as Martine Carol, Jane Fonda or Sheila.In 1975, a hairdresser from Havre, Michel Cauvin, suggested that his "rent" its name. This is the beginning of the great adventure of the franchise. Dessange is a businessman, set up training, procedures, style (the tousled-headed), color (blond) standard. In the years 1990 and 2000, he launched two other signs of entry and midrange, Frederic Moreno and Camille Albane, he developed the makeup, care, hair care products. "Mr. Dessange has both succeeded in creating a very fine company and ensure the transmission and continuity," said Olivier Millet. Founder's son, Benjamin Dessange retains his position as chairman.

"We have a banking sector in very difficult position since September 2008. On the airwaves of public radio RTE, the Irish Minister for Finance Brian Lenihan announced a massive bailout about to upset the Irish financial sector. His government is preparing to take effect in banking reform to rid the system of 81 billion euros of toxic assets from the Financial Times. The information was officially confirmed in the afternoon.

16 billion euros at a discount of 47%

To carry out this project, the Government should announce the creation of the National Asset Management Agency (NAMA), a bank created to buy their rotten assets, mostly mortgages risky accumulated before the bursting of the credit crisis.Initially, the NAMA buys 16 billion euros in loans at a discount of 47%.

Paral?lle be completed a recapitalization plan. According to analysts, banks would need 15 to 20 billion euros while strengthening their own funds. They could throw a party the money itself, by making asset sales. In return, the rules will have to be modified. The banks should strengthen their Core Tier 1 ratio to bring it to 7%. "We must put our banks in a situation where they will be able to finance themselves with confidence on the international markets," said Brian Lenihan.

The government should give more detail on Tuesday late afternoon.

Wave of nationalization

At the Dublin stock exchange, these ads and the suspense that surrounds them, are very unwelcome. Around 16 hours, the action Allied Irish Banks (AIB) loose 5.59% to 3.38 euros.Bank of Ireland (Bofi) lost 9.40% to 1.25 euros guaranteed payday loans. Already Monday, the shares of banks had been abused.

Investors are concerned because the wave of nationalization or increased state participation in banks suggests that such a plan. That recapitalization by the government should increase its stake in the bank (AIB) to more than 70% against 16% currently. The competitor in its Bank of Ireland (Bofi) should rise to 40% against 25% today. The state had already acquired shares having salvaged their coffers 3.5 billion euros.

The Anglo Irish Bank had already been nationalized last year.The government could also take control passage of two credit institutions Mutual, the Irish Nationwide and EBS.

Ireland under surveillance

Global markets keep an eye on the reforms undertaken in Ireland. The country is indeed one of the most affected by the crisis. In 2009, economic activity has suffered a fall of 7.1% and the country is still not out of the recession. The government keeps its hopes for recovery in the second half of this year.

According to analysts, if this ambitious plan than the original amounts provided by the government, this could affect the country's sovereign debt. Just as Greece, Portugal or Spain, Ireland through debt problems which have already led to a program of fiscal restraint in December.At 11.7% of GDP, the budget deficit is currently the largest after that of Greece which was 12.7%.

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The level of corporate failures falls back down in October 2009 on a month, while remaining at a high level because of the fragility of economic conditions. INSEE reported Friday a drop of 7.9% of these corporate failures in October 2009 compared to September, after declining by 8.8%.

In one year, the trend is however extremely unfavorable failures have increased by 12.2% over the previous year. SMEs, the first victims of the crisis have been particularly affected by the carnage of 2009. Coface points out that in the summer, the number of failures rose by 80% when they grew by 55% for micro-enterprises. Companies or groups producing a turnover of more than 50 million euros have instead benefited from relative stability, albeit with a downward trend.As for the sectors most affected, manufacturing, real estate and transportation have paid the heaviest toll, according to the latest Deloitte.

For 2010, the trend is not open to the improvement. The observatory Coface anticipates stabilization figures failures at very high in 2009 (67.000). The two components of total failures should in fact be offset: the bound, very normally, demographics businesses should help to push further failures, due to the increasing number of businesses created. In contrast, the component related to the economic crisis as it should gradually decline, until they find the second half of 2010 "a symmetrical curve than the end of 2008"

The airline Air France-KLM issued Monday traffic figures for January 2010 on its planes. There was a 1.6% decline in passenger traffic over this period. Activity has decreased mainly because of bad weather in Europe and the two-day strike of French air traffic control.

This is the thirteenth consecutive monthly decline in passenger numbers recorded by the Franco-Dutch group, but it is nevertheless lower than in December, which was -4.6%. In parallel, the capacity of the group were down 3.4%, thereby enhancing the load factor, which increases by 1.4 percentage points to 78%.

On the cargo business, Air France-KLM has had on January traffic increased by 2%, thanks to the Asian network, which showed "a sharp recovery in terms of both volume of traffic," the statement said .The load factor reached 64.3% and, up 8.5%, due to the capacity reduction of 11.4% on the cargo segment.