It is time for calm in Italy. The automaker Fiat has confirmed that Saturday's willingness to invest 20 billion euros into the country, the government said in a statement following a meeting between the president and managing director of Fiat, John Elkann and Sergio Marchionne , and Silvio Berlusconi.

Fiat has "confirmed the government's intention to pursue development objectives of the group, which forecast an increase of production in this country of 650,000 to 1.4 million cars a year, a goal supported by an investment of about $ 20 billion euros, "the statement said.The government was ready for its part, to help Fiat to develop in "the best conditions for competitiveness."

The meeting, also attended the Italian ministers of Economy and Industry, and officials of the Piedmont where the headquarters of the manufacturer, was intended to calm the anxiety provoked by the statements of the Sergio Marchionne about a possible tie-Chrysler Fiat. "Fiat and Chrysler? In the next two or three years we can see a single entity. It could be based here in the U.S., "he had launched in last weekend during a visit to San Francisco.

Headquarters, the debate could resurface in 2014

Fiat now owns 25% stake in Chrysler and the two partners hope to produce 6 million vehicles in 2014, against less than 4 million now installment payday loans.The possibility of a merger had already been considered. But the evocation of a head office based in the United States has created a chill in Italy, forcing the CEO of the manufacturer to return immediately to his remarks. By phone, he assured the Minister Maurizio Sacconi of Labor that no transfer of headquarters was expected "either today or tomorrow." He reiterated that the hypotheses only referred to "possible future scenarios."

To dispel any misunderstanding, the Fiat management has, however, of clarifying strategies with government and local authorities on Saturday. "All the controversies are now closed," then found Paolo Romani, the Minister of Industry. "Fiat is a big multinational that grows in the world but still with a heart of Italy." The mayor of Turin Sergio Chiamparino, was more cautious.He said Fiat had confirmed its "Italian character" but "in a changing dynamic that requires daily work to ensure that this does not change." In fact, as the president of the province of Turin, Antonio Saitta, the conditions that the city remains the headquarters of the group "will be discussed in 2014."

(With AFP)

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Despite a decline in fourth quarter, Samsung shows an annual profit up 40% in 2010 to 16,150 billion won (10.6 billion) with sales up 13.5% over 101 billion euros. Korean displays an insolent net margin of 10.4%, against 7.2% in 2009. The cash of 14.7 billion euros it also leaves the field to fund its various expansion plans.

Samsung bringing a growth of 40% of the market of mobile telephony this year, to nearly 1.4 billion phones sold worldwide, with a marked acceleration in demand for Smartphone. Korean has much advantage of this craze and put on a doubling in sales of smartphones this year. The good performance of the S Galaxy, its flagship Android-powered smartphone to maximize the incentive cash advance loan no fax.With 10 million copies sold in one semester, it represents one third of iPhone sales. The tablet group, the Galaxy Tab, also honorable debut on the market.

Good behavior screens

The Korean has nevertheless been affected by falling prices of components (memory and LCD panels) for the computing market and television. But he believes that a low has probably been reached. And to expect a recovery or stabilization of prices. Supply difficulties encountered by some manufacturers and a rebound in commodity prices are likely to contribute to relief of rates. In addition, Samsung will expand its range of TV screens to meet the growing demand for LCDs, especially in the entry level.

In 2011, many rules are changing in real estate. Besides the introduction of a new zero-interest loan and a Scellier recast the terms of the Plan Epargne Logement (PEL) will be upgraded from 1 March. The decree on the reform of the financial investment has been popular previously published this Tuesday morning in the Journal Officiel. The stated objective of the Ministry of Economy is to "modernize and enhance its attractiveness for the consumer, mainly by boosting its earnings.

With a salary remained unchanged at 2.5% since 2003 and access to mortgage rates higher than the market, the ELP was losing ground among investors since 2004. However, this investment allows them to be a personal contribution to a property purchase, according to its original purpose to promote homeownership.It also represents an important financial resource for banks, which contributes to the funding of loans. According to the statement released Tuesday by Christine Lagarde, outstanding ELP now represents 23% of mortgages. Yet this investment is in decline since 2005.

A higher rate of 0.4 points on average

The method of calculating the remuneration of the ELP will be changed for all accounts opened from 1 March bad credit payday advance. Previously set by the government, the applicable rate will now be recalculated each year based on market interest rates. A floor rate, at 2.5%, gives an advantage compared to PEL savings accounts for which no minimum payment is expected."With the proposed formula rate ELP would have been higher each year on average from 0.4 points to what he has been over the last ten years," argues Christine Lagarde said in a statement.

In contrast, mortgage rates which gives access ELP is not lowered, and will remain unchanged at 4.2% minimum. A rate higher than those charged by banks currently, the average granted last November for a 15-year loan amounting to 3.22%, a historic low. But the government expects the next rate hike to reinforce the advantage of the ELP. Another pitfall for the consumer: the taxation of investment will be slightly hardened, with a collection of social contributions made each year, when he intervened before the end of ten years. A tax system "more legible to the consumer," according to Christine Lagarde.

The tone rises in the UK, after several days of chaos during which the air traffic was paralyzed at London's Heathrow Airport. The British government wants to introduce new legislation which will impose heavy fines at airports where passenger travel were severely affected before Christmas, "said Transport Minister Philip Hammond The Sunday Times.

"There should be a financial penalty for failure of service," said the minister Sunday newspaper. Therefore, he advocated the adoption of new laws that would give more powers to regulators, such as civil aviation authority (CAA). The latter took the view not be able to impose a fine at Heathrow, the busiest airport in Europe, in the current legislative framework.For Philip Hammond, it is "unacceptable" that the operator of Heathrow, the group under Spanish capital BAA is not punished.

Tens of millions of pounds

"We should give greater importance to passenger satisfaction and performance of airports," said Transport Minister, citing the penalties of tens of millions of pounds. According to the British press, the fine could reach 63 million pounds (74 million), representing 7% of airport charges. BAA announced Thursday the launch of an external investigation into the chaos caused by snow, while traffic was slowly returning to normal.Thousands of stranded travelers spent several nights in the terminals of Heathrow on the floor waiting for their flight.

BAA said on Sunday "welcomed" the idea of new legislation "to improve the situation of passengers at British airports." "We will, of course, our full part in discussions about government disruptions due to bad weather this year and we will make public the results of our own investigation, "said a spokeswoman.

British Prime Minister David Cameron had said on Tuesday "frustrated" that it is necessary that long to improve the situation in the London airport same day payday loans. Under fire from critics, the CEO of BAA, Colin Matthews, had indicated he would forgo his bonus this year to year."We had a crisis, I am responsible," he said in an interview given to Sky News video. In 2009, Colin Matthews hit a bonus of 944,000 pounds (1.11 million).

A "Snow Plan" insufficient

In a survey of the conditions that led to the paralysis of traffic at Heathrow, The Sunday Telegraph says "Snow Plan" provided by the London airport did not give sufficient resources to fight against heavy weather and this, while that the government had asked the operators since last summer to revise and strengthen it. Heathrow has not been the only airport to suffer interruptions of traffic across the Channel. Scottish airports Aberdeen, Edinburgh and Glasgow, as well as other London airports (Gatwick, Luton and City) have also been affected.

In France, where the air traffic returned to normal at Paris on Saturday, the Minister of Transportation and Ecology Nathalie Kosciusko-Morizet, called an "inspection visit" about the lack of glycol, liquid defrosting. The initial findings will be made January 10. For the European Commission, the disturbances that have occurred in the major European airports in recent weeks are "unacceptable." Transport Commissioner, Siim Kallas, discussed the possible establishment of a "minimum service" airports in the European Union.

(With agencies)

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Like every year, Proxinvest publishes its figures, highly anticipated, the compensation of executives of major French companies. Data that still raise debates about the value of work: on average, bosses (CEOs) of the CAC 40 have received a total remuneration (fixed and variable pay, stock options and shares) which in 2009 amounted to some 3.1 million euros. "This is 211 times the minimum wage, compared Pierre-Henri Leroy, the director general of the cabinet.On the SBF 120 (the index of the Bourse de Paris which has the 120 largest companies listed), the average $ 2.1 million.

The study emphasizes that Proxinvest for CEOs of the CAC 40, the average total compensation down 14% (-20% at constant sample) with a stable center, this after two years of declining average higher by 25% in 2008 and 17% in 2007, while the other leaders of the SBF 120 have seen them, their earnings eroded by 14% in 2009 after already 17% decline in 2008 payday advances. "This reflects some of these exemplary patterns" said Pierre-Henri Leroy.

Where does this new downturn? It is primarily the part that weighs shareholder: staffing options and restricted stock was reduced by an average of 46%.The share of wages fixed, variable, and "incidental" in the total amount received by the CEOs are still reinforces the CAC 40: 54% in 2007 to 6% in 2008 and 76% for 2009, and to the SBF 120 (excluding CAC 40) of 56% in 2007 to 64% in 2008 and 72% in 2009.

Carlos Ghosn in the crosshairs

Carlos Ghosn, CEO of Renault has reached over 8 million euros. Photo credits: MIGUEL MEDINA / AFP

Some 38,000 members to the group entitled "On 7 December, we will all withdraw our money from banks" should meet on Tuesday to call for the former footballer. The buzz created by Eric Cantona was even echoed in several European countries like the United Kingdom, where the former football remains an icon – the one that the English nickname "King Eric" was voted player of the century "of English club Manchester United.

Calling Cantona echoed in Europe

Nearly 9000 members in the Facebook "Revolution! 12/07 Let's go there everybody to Withdraw Our Money "(Révolution! the 7 / 12 Let's all pull our money together) say they will empty their accounts. Italy is not far behind with the same number of volontaires.Dans the same time, the video interview of Eric Cantona, was translated into 20 languages on YouTube.

Some try to revive the idea of former footballer while the shade.Thus, MEP Pascal Canfin Ecology of Europe-the Greens and the group "Save the rich" announced Monday they launched a website "jechangedebanque.org" intended to transfer "money from our banks are most harmful to those most commendable. "Among these financial institutions "commendable", the collective and the member cited the Postal Bank, Credit Cooperative and the New Economy fellowship (Nef).

Contrary to the appeal of the former football star Eric Cantona to withdraw their money from banks, MEP, Member of the Commission on Economic and Monetary Affairs, and the collective view in a statement that "this transition collective" does "is not the collapse of the system that it is not clear to whom it would benefit" but "clearly raises the question of regaining control of finance."

"Banks are useful to finance the economy"

For them, "not all banks are created equal and that our money is invested in financial institutions is not a bad thing" because "banks are useful in financing the economy.But some of them have now diverted their function and use of the economy instead of serving, "they wrote, referring to BNP Paribas, Societe Generale or Credit Agricole. Long remained silent on the subject, the banks have finally complained earlier this month, the initiative of the former football star, like some BNP Paribas considering it "insécuritaire. As for the Minister of Economy and Finance, Christine Lagarde, she asked Eric Cantona to stay in his place.

Pascal Canfin and the collective "Save the rich 'call for" responsible drinking "."We prefer that our savings are managed by banks that invest the savings locally, did not participate in the financial casino, refuse to be present in the havens and pay bonuses indecent," they conclude.

Finally, they remind individuals that emptying his bank account is not in a click. For this, we must prevent its establishment in good time. They thus suggest they switch banks. Almost any of the 40,000 agencies that consider the entire French banking network agrees to issue more than 2,000 euros to a customer if it did not warn of his coming beforehand, and as long as their accounts credited with the corresponding amount.

(With AFP)

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Following in the footsteps of the Economy Minister, Christine Lagarde, Minister of Budget, Baroin said on Europe 1 radio on Monday that the tax would be at the heart of government action for the 18 months of the quinquennium. "We are working on convergence with the German tax system and we want to initiate a broad discussion about taxes in general with a dual purpose, that tax reform is seen as fair by everyone and that it is a tool for development economy. The work that lies ahead is the creation of employment, that investment, "said the minister.

Asked about the possibility of increasing the tax burden, Baroin is adamant: "All the discussions that took place in the National Assembly on these issues are very clear. The government line is do not touch the tax, "he said.It ensures that neither corporation tax nor income tax, nor VAT, the CSG and CRDS will suffer an increase.

Baroin ensures that the government has the means to act

Budget Minister says the government will nevertheless means of its action, especially on social issues. "The issue is not money but of method, organization and timing." According to him, a country that spends 56% of its national wealth to sustain its action "has something to do."He also welcomed the effort will be made next year to reduce the deficit of the country: "Next year, we made a historic deficit reduction: Never in history we will have reduced the deficit 40% in a single year. "

Baroin appointed spokesman of the government reshuffle at the Sunday evening, also said that the new government reflects "perfectly sensitivity of construction, the founding pact of the UMP and the political landscape that will in fact condition the 18 months to help the country to win an election. " According to him, "this term is dominated by a global crisis that has brought down our recipes (…) and requires both to continue the movement that was prompted in 2007 and at the same time has shown that the country is left in good order.The trial will focus on the French mandate Nicolas Sarkozy will be on a single question: Did he or not handled the crisis. "

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For the sixth day of strikes and demonstrations held since September against the proposed pension reform, mobilization enrolled at mid-day down slightly from 12 last October to 480,000 demonstrators against 500,000 in the last movement protest, according to figures released by the Ministry of Interior.

Side strikers, however, figures released appear relatively disparate. At RATP and SNCF, is a rising trend prevails. With 9% of strikers at the RATP in the direction, participation is up from previous days, marked by renewed strike set up by the unions. However, these 9% are below 17% of identified strikers October 12.At the station, the figures are even more substantial, management with 30% of strikers and the CGT 42%, an increase in participation compared to last Tuesday payday loans in one hour.

Another highlight of this day of mobilization, the students join the movement to an extent not seen since the fall. 379 schools are considered disrupted on Tuesday as the department, the highest figure since the beginning. The figures announced by the Independent and Democratic Federation schoolgirl (Fidler) which once again the big difference with the Department, counting 1200 establishments "engaged", 850 knowing "lock or dam.Figures "pleasing" to the student association, who announced that she "consult as early as Tuesday afternoon its partners to decide what action to take to move."

In contrast to the Post, France Telecom, and among the officials, the movement seems to be faltering. The ministry reported Tuesday a sharp decline in participation compared to 12 last October, at 12% instead of 19% in the last movement. In Education, 14% of strikers have been identified by the department in the primary and secondary against respectively 28% and 20% in the last day of mobilization. The Post also has 10.23% of strikers in the direction, 25% according to the unions, against respectively 16.5% and 30% on 12 October.

The level of mobilization of this Tuesday will be decisive for the unions, which expect a show of force to the streets to bend the government and obtain a substantial change in the pension reform bill currently before the Senate 500 payday loans .

Olivier Besancenot, spokesman of the NPA, had already ruled Tuesday that the participation of this Tuesday will be "probably history." "Of course we're going to withdraw the bill through the power of the street. The social history of our country is a reminder that what the Parliament can vote, can undo the street, "predicted the leader of the extreme left.

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Lefigaro.fr / jdf.com – The steps taken last August by China * you seem sufficient to prevent a housing bubble?

Xavier Linsenmaier – These measures were intended to reduce property prices. Instead, they have stabilized. The Chinese government has acknowledged that they have not had the desired effect and should therefore return to the same type of measures. Namely increase financial input, limit the number of residences per household residential demand proof.

Such measures had caused panic among investors in 2007. Developers have learned the lessons of the past and better manage the relationship between supply and demand. The stable price environment is favorable. China will not know the real estate crash.

What are the reasons that makes you think there will be no housing bubble in China?

I see four reasons.First, higher wages and property prices are the same for five years (about 12% per year). Thereafter, the level of household debt is low, and only 16% of buyers are speculators. For 84%, so it's shopping for occupancy. Moreover, China's minimum personal contribution to fund a property purchase is 20%. However, a CLSA study (subsidiary of Crédit Agricole, Ed) shows that the average personal contribution for the goods purchased with a mortgage is more than 36%.

Finally, contrary to what might happen in the U.S. and Europe, Chinese banks keep the real estate debt on their balance sheets, there is no phenomenon of securitization, much less organize a financial market mortgage loans.Chinese banks are healthier than American banks.

Last June, an adviser to China's central bank said however that the problems of overheating real estate market in China are more serious than those known by the United States before the crisis of subprime payday loans.

Chinese leaders are very proactive and know better manage bubbles than their American counterparts. Capital reserves are larger in China than the United States. The power is more centralized and not so interested in it.Moreover, banks have been recapitalized massively, like Bank of China, which last summer issued nine billion dollars in convertible.

The development of the real estate sector in China is not it linked consumption?

The Chinese real estate is actually very related to the sharp increase in consumption which accounts for 36% of China's growth this year. However, Chinese statistics are usually difficult to verify and often biased. Several studies including those of Morgan Stanley have demonstrated that the proportion of Chinese consumption in GDP is significantly underestimated. It is probably closer to 50% as 36%.

Other elements that should support Chinese consumption, higher wages and the gradual revaluation of the yuan, which will allow the government to control rising inflation caused by rising wages.

What types of assets should I play the Chinese real estate?

Convertible bonds in China, while protecting investors against declines in stocks, provide access to China's growth. September is a record month in terms of convertible bond issues in Asia Pacific with nearly seven billion dollars. It goes back to 2004 to find such a context.

* The China Banking Regulatory Commission (CBRC) has required institutions of the country to conduct new tests of stress, to measure their exposure to real estate.The measures aimed to lower prices per square meter of 50% to 60% in regions where they are most advanced. In the end, they are rather stable.

It should not be this time too. The CAC 40 should again remain below the psychological threshold of 3800 points. A bar in Paris that the index has exceeded more close since May (3,828.46 points on May 3). While only the industrial production for the month of August is expected on Monday, investors should remain cautious until the meeting of the U.S. central bank Tuesday night. This morning, while the Tokyo Stock Exchange was closed, the stock exchanges in Shanghai and Hong Kong continue to rise, reaching as Hong Kong a high of two years from mid-day.On the currency markets, the euro continued its march forward, and slowly but surely closer to $ 1.40: in the morning, the euro stood at 1.3971 (+0.32%).

As for values, EADS holds its annual targets despite the strengthening of the euro against the dollar, said Chief Financial Officer Hans Peter Ring in an interview with newspaper Frankfurter Allgemeine Sonntagszeitung on Sunday.

Constellation Energy Group has withdrawn from an agreement on building a nuclear reactor third generation in the State of Maryland with EDF, which should probably put an end to this multi-billion dollars.Areva, which designs the PRT, said to remain "reasonably optimistic", ensuring that "negotiations are continuing."

The production capacity of the refinery at La Mede, Total has been reduced by more than half Sunday and could completely stop production on Tuesday or Wednesday due to lack of stock, it was learned Sunday from union leaders.

Suspended Friday, the listing of Autoroutes Paris-Rhin-Rhone (APRR) resumed on Monday, said the AMF. The Court of Appeal of Paris ordered the suspension of the bid for the delisting of Autoroutes Paris-Rhin-Rhone filed by its shareholders, and Australia's Macquarie Eiffage pending his trial in merits of the application for annulment filed by the department of Saone-et-Loire.

GDF Suez announced Saturday it had signed a contract with China National Offshore Oil Corp. (CNOOC) for the delivery of 2.6 million tonnes of liquefied natural gas (LNG), confirming information reported Friday by a source close to the situation.

Ipsogen publishes its first half results after-hours trading.

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