New blow for Toyota. The Japanese automaker has launched a new campaign to recall the United States. It covers 1.13 million Corollas, his best-seller.

The reason? An engine problem that affects models built between 2005 and 2008. The decision comes two days after the U.S. National Highway Safety Agency (NHTSA) reported having opened a new investigation into the Corolla, which was already under control since last February after 163 complaints of American motorists.

This new campaign will tarnish a bit more Toyota's reputation, which had been forced to recall more than 10 million vehicles worldwide, mostly in the U.S. since last fall.

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The first thing to do while deciding upon an insurance policy is to get the term quotes from various life insurance companies.

On the ground of appeal as that of growth, France is doing "less bad" than its main competitors. It is the belief of the French Agency for International Investment (AFII), which on Monday published its panel's attractiveness in 2010, in collaboration with the Center for Strategic Analysis (CAS), Treasury and Datar. While foreign direct investment last year saw a decline of 41% in developed countries, they have fallen "only" 35% in France.

The Hexagon's interest to maintain this advantage: the French subsidiaries of foreign groups provide more than 2.5 million jobs, 20% of R & D and almost 40% of these exports are linked to foreign establishments.And since 2007, when the crisis was suffering its effects, new investment decisions by foreign companies will be permitted to "maintain or create approximately 30,000 jobs" each year.

"Beware the gap between what the economic data and leave out the perception of foreign investors," said Monday David Appia, president of the AFII. This paper attempts to twist the particular blow to conventional wisdom: that France would not fiscally attractive to businesses. "People often think that taxation in France is a weak point but in reality the situation is more complex," said Director General of CAS, Vincent Chriqui No fax payday advance.It must be determined "globally", argue the AFII and CAS.

"Strong signals"

The tax can not be reduced to the corporate tax (IS). "The effective tax burden on enterprises in France is much lower than the nominal rate of the SI would suggest," says the report. It must also consider the tax base and exemptions. Ultimately, if we look at the revenue of the IS reported to EBITDA, "France is in a better position, with a tax rate of approximately 17% of profits." Dietary improvements reserved for impatriate removing the ceiling of the research tax credit – now "the strongest incentive to Europe" – and the removal of business tax on productive investments also "sent a strong signal towards investors foreigners.

More generally, France is ranked fifth in the world for business location costs (employment, installation, transportation, taxes, equipment and energy) and one in Europe, the document stresses the AFII, which compiles data and existing rankings, making comparisons between France and eleven other neighboring countries.

This Wednesday should be placed under the sign of the decline in Paris at the opening, while the CAC 40 seems to stand at ambient breathlessness on exchanges. The leading index has managed to maintain the 3,700 points on Tuesday night, but in the early exchanges, the threshold should not take.

In Europe, stock markets have made concessions on Tuesday after nine sessions chained up on. Announcing the easing of exchange rate policy of China, made Saturday, had pushed world stock markets Monday. The first steps in this direction have been given yesterday and Wednesday, with two cuts in a row the central rate against the dollar. But in exchange, the effect was short-lived. And on Wall Street, poor statistics on the front of the immmobilier has cast a chill on the market.So, this morning, the main financial centers of the Asia-Pacific are following suit.

At around 7:30 on Wednesday, the euro is at equilibrium after fell Tuesday. This rating 1.2270 dollar.

Economic News Authority

In France, on Wednesday will release at 8:45 INSEE's monthly surveys of important conditions in the industry, in construction and retail trade for the month of June as well as indicators of business climate and economic downturn. At noon, the Court of Auditors present its report on the situation and prospects of public finances.

In Germany, the GfK consumer barometer, always watched closely, will be visible at 8:10.

In the euro area, the first estimate of the PMI will be unveiled at 10:00.

And the United States, 16 hours, will be made public promises of home sales for the month of May, after a bad real estate statistics published in the ninth Tuesday: – 2.2% in volume last month, to 5.66 million units annualized.

The traditional weekly crude inventories will be available at 16:30.

Finally, this evening after 20 hours, the Monetary Policy Committee of the Fed will issue its statement.Highly regarded by investors, note any change in the discourse of the Federal Reserve.

The rate strategists believe that Societe Generale U.S. Federal Reserve will raise its rates faster and stronger than expected by the market and call for caution on U.S. government bonds.

Societe Generale wants to Kerviel lost 4.9 billion

Societe Generale will call Wednesday Kerviel just 4.9 billion euros in damages, a record amount corresponding to the loss she attributes to "fraud" of its former trader. Yesterday, the former CEO of Societe Generale, Daniel Bouton, has admitted "failures in the control of the bank during his testimony before the Tribunal of Paris.

L'Oreal Paul Bulcke, Nestlé CEO, said in an interview with Reuters that his group had no plans to change the status quo in the capital of the world's number one cosmetics line with the Pact of shareholders that binds to the Bettencourt family.

Alstom Alstom and Areva does not want to marry with Areva. "To dance the tango, it takes two. Areva does not really want to dance. We no longer so eager to dance ourselves, "Patrick said Tuesday Kron, Alstom's Chairman, at the general meeting of shareholders.

Total Total and oil stocks are worthy of attention.The International Atomic Energy Agency (IEA) publishes 10:30 prospects of markets for oil and gas.

ArcelorMittal the world's number one steel company, announced Tuesday that the apparent demand and actual demand for steel would remain positive in the second half of the year, even if they should show a slowdown during this period. Lakshmi Mittal, the CEO that the slowdown in demand was due to seasonal reasons. The boss also said he did not think the steel industry return to its pre-crisis level until 2012.

Insurance Axa, CNP, Scor … : Values of insurance will also be regarded as the French Federation of Insurance Companies (FFSA) releases on the market situation and its prospects.

Banks The banking sector remains to be monitored throughout the session. On Tuesday, he suffered a spate of bad news.In addition to degradation of the note in the long-term debt, BNP Paribas, Credit Agricole said the cost of risk on its Greek subsidiary Emporiki would weigh 450 million euros more than expected. The BNP Paribas has yielded 1.92% and that of Crédit Agricole SA 4.69%.

Discussions on a tax credit and tighter prudential rules also weighed.

The Renault-Nissan automaker Nissan CEO Carlos Ghosn, said he received 890 million yen (8 million euros at current exchange rates) for 2009-2010, making him one of best paid bosses in Japan. Carlos Ghosn made the announcement at the annual general meeting of shareholders of the Japanese group, held Wednesday in Yokohama (Tokyo area).This does not include fees paid 1.24 million euros in 2009 he has received as CEO of the automaker Renault, Nissan's largest shareholder with 45.7% of the securities.

Peugeot Peugeot Italy said Tuesday it has signed an agreement with Sorgenia first private operator in the Italian electricity market created and controlled by Rodolfo De Benedetti, for the launch of its Ion Electric Vehicle in Italy.

France Telecom, the company announced Tuesday it would invest about 515 million euros over the next five years in its network in Switzerland a few weeks after abandoning its planned merger with Sunrise, blocked by the competition authority of the country .

The government wants more than ever, give pledges of seriousness on the issue of deficits. On 20 May the Head of State had announced its intention to amend the constitution so that every elected Government embarks on a path of structural balance is imperative, as well as on the date on which the balance of government finances public must be reached.

Without waiting for the amendment of the constitution, Francois Fillon took the lead. In a letter that the Prime Minister has just sent to members of government, he asks them to "stop inserting provisions that affect tax revenues or social security in ordinary legislation.A real revolution!

For material already deposited and bills not yet been discussed, the prime minister asked his ministers "to submit amendments for the deletion of such provisions and to oppose a negative opinion of the Government any amendment which would tend to introduce. Members of the government "shall not in any way rely on the wisdom of Parliament," wrote François Fillon.

Fillon finally asks ministers to screening assessments for all tax provisions that they want to introduce the draft budget law or draft law on financing social security. All this will lead ultimately to limit the creation of new tax loopholes

The U.S. stock market should resume a little high on Monday. The index futures are predicting a slightly higher opening of U.S. markets. The index futures Standard & Poor's 500 and Nasdaq 100 advance respectively from 0.20% to 1 185.80 points and 0.25% to 2003.80 points. Friday, Wall Street finished the week sharply down. The Dow Jones and Nasdaq had lost 1.42%, respectively and 2.02%.

Friday, financial stocks have been penalized by the judicial proceedings against Goldman Sachs. The action of the merchant bank has plunged nearly 10% Friday it swept away its main competitors.For his part, the technology sector has suffered from disappointing results of the McAfee antivirus editor (- 12.1%) and manufacturer of components for computer chips MEMC Electronic Materials (- 18.6%).

From the values listed today, Continental Airlines and United Airlines have announced their merger by exchange of shares. The two brands will be retained but the company will be the first on American soil with 21% against 20% of lines for Delta.

Most companies (62%) of the Standard & Poor's 500 have now published their results. And the ads businesses emerge well above expectations. Over 80% of companies have announced earnings per share higher than the consensus and 73% of sales above expectations.

This week and major publications are rare.Note, however, Pfizer will announce its quarterly accounts tomorrow, CBS and Time Warner on Wednesday, Kraft Foods and Sara Lee on Thursday and Friday FC Industry.

The eyes of investors will focus on the macroeconomic indicators. The ISM surveys today and Wednesday and those on the job Friday will be the leading indicators of the week. Today on Wall Street, investors will also monitor expenditures and household incomes in April construction spending in March and sales of automotive sector in April in the afternoon.

On the foreign exchange market, the euro lost some ground against the greenback, but morning but remained above the threshold of $ 1.32, despite concerns expressed by operators on the obstacles that may still arise before the bailout 110 billion euro budget of Greece.

"Lack of payment of Greece is out of question," has dealt the president of the European Central Bank Jean-Claude Trichet at a press conference Thursday. On the markets, interest rates on debt Greek record highs, more than 7.5% on 10 year bonds. Investors are worried about default risk in Greece and seek to test the limits from which a European rescue plan would be triggered.

Jean-Claude Trichet, for his part described the plan for "functional", welcoming the statements of Heads of State. "No one should take lightly the decision taken by all Heads of State and Government of the euro area," he said. "It's a very, very, serious commitment.(…) I will not comment on the interpretations that has made the market. "

What conditions are necessary for entry into force of the European aid, has been asked the president of the ECB? "Activation of European loans for Greece is a Greek government's decision itself," he replied, refusing to specify what are the conditions which would involve launching a plan to help no teletrack payday loan. "If assistance is requested, we will see how the response will be organized. But the ECB will be very vigilant in ensuring that member states endorse the most of their responsibilities. "

In all cases, the European plan as designed is not a subsidy free Greece, emphasized essentially the chairman of the ECB."The rate of interest [that is claimed to Greece by the member states] should at least reflect the cost of refinancing of European states", he added.

On the question of the involvement of the International Monetary Fund (IMF) in the aid plan, which the ECB appeared opposite Jean-Claude Trichet has rounded corners. "We would not have been satisfied if the IMF would intervene only" and if member states were exempt from their responsibilities, "he said.

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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"

From our Washington correspondent

Senator Chris Dodd dream of finishing his career in style. His desire to reform the American finance is not necessarily near completion. The Connecticut Democrat, to Congress since 1974, introduced on Monday a bill that takes into account a number of priorities but Barack Obama has the support of any Republican. "We must restore accountability to our financial system to restore confidence among Americans and that this system works and protects them," said Chris Dodd.

Unpopular in his constituency, the chairman of the Senate Banking Committee, aged 65, chose not to run again in November and is thus free of any pressure from lobbyists.However, his retirement program withholds part of the authority to rally his fellow skeptics to a text, however priority for the White House. This emphasizes that ten months after the outbreak of the financial crisis is urgent to implement concrete reforms.

Dodd has significantly altered the first draft that was presented in November. At the time, he had described as "abysmal failure" of how the Federal Reserve had analyzed the risks that led to the crisis. He then offered to withdraw the full power of Fed bank supervision to prevent him leaving that responsibility for the conduct of monetary policy.As a result of four months of pressure from the Treasury and the Fed, he proposed Monday a text that would strengthen the supervisory power of the Fed's biggest banks no teletrack payday loans . In addition, it would give the central bank of the United States new powers equivalent financial firms that do not collect public savings.

Deception left the Democratic Party

The Fed would be the same entity selected to house a new autonomous agency to regulate financial services to the general public. This solution creates a great disappointment to the left of the Democratic Party. Barney Frank, chairman of the Committee on Financial Services of the House, believes that inadequate regulation of mortgage and consumer credit is one of the major causes of the crisis.Through his efforts, the House of Representatives has already voted in December a different version of the finance reform that creates a new fully independent agency of the Fed.

The concessions made by Chris Dodd Republicans are not guarantees of the success of his approach. The Conservatives, although the Senate minority can block for months this reform. Conversely, the Democratic leaders of the House consider his text too timid compared to the version of the reform they have to pass in December.

This version will then be harmonized with the version passed in December in the House. After difficult negotiations ever between leaders of both chambers, it would then Senators and Representatives to vote again the same text before submitting it to the signature of President Obama. This will be achieved before the summer.It is unlikely that this deadline.

5 000 participants in round tables, 800 proposals from across the territory, hours of debate … Put the issue of competitiveness at the heart of the debate: it was the whole purpose of the General Industry. Today, while traveling at Eurocopter in Marignane (Bouches-du-Rhone), Nicolas Sarkozy will close the first phase of work completed since last October by announcing a series of steps to a new industrial policy 'ambitious, powerful and consistent, in the words recently used by the Elysee.

I must say it is urgent.Beyond the occasional cases in which the government provides the voice for several months (Heuliez, Molex, Total …), de-industrialization of the country is evident for several years: between 1980 and 2007 its contribution to national wealth rose by 24 % to 14% and, over this period, its numbers have melted to a trickle, from 5.32 million to 3.41 million – a drop of 36% of its workforce, according to estimates by the Treasury Department.

Accompanied on Thursday morning from the Minister of Economy Christine Lagarde, and his industry colleagues, Christian Estrosi, the head of state should take over the main proposals ginned in recent months by the companies themselves, partners social and ministers themselves.

To restore the industrial base of France, the government initially advocated a policy of industry.Because it takes a more balanced relationship between contractors and subcontractors, instead of a relationship "to dominate dominated" commonplace today. The establishment of investment funds sector for the most strategic channels to digital, energy, transportation, pharmacy … – with the participation of principals, should be announced.

Governments also want to encourage employment – particularly in developing mentoring by senior citizens and reorganizing the training – and the location in France of production tools and research."It is not normal that BMW produces nearly three quarters of its cars in Germany and Renault do not produce only 25% in France, likes to cite the example of Christian Estrosi.

On the one billion euros dedicated to general statements in the large loan, 185 million have also been planned to provide repayable loans to companies wishing to reinvest in France. A total of 500 million for loans at subsidized rates for green investments is also provided in this framework.

Innovation, a perpetuation of the current form of research tax credit – at least for SMEs – would be announced today. The CIR could also be extended to expenditure standards, patents and prototypes. One idea that won almost unanimous support.In one detail, cost: about one billion euros.

"Do not close the file"

For the CGT – including metallurgy and chemical federations call for day of action Thursday for the defense of employment in the industry – "the government should not close the file of the General Industry (…) After a speech by President of the Republic. "

This is unlikely to be the case … In fact, some people put on the table at the conclusion of the General Industry require further reflection. Especially the financing industry. Ways to redirect part of the French savings to industry, SMEs and unlisted companies should be studied by the summer.Such a new method of financing social protection, less work-related, too.

Time, it will also need a bit to play a proactive role at European level in order to convince the Member States of the need for a common industrial policy.

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"The environment is very negative." Mace Blicksilver, analyst at Marblehead Asset Management, sums up the situation on Wall Street. The U.S. stock market plunges into the red in mid-session in the wake of negative fences in Europe. Around 19 hours (French time), the Dow Jones lost 2.25% at 10,037 points, prompting observers to wonder if the 10,000 points will be maintained. The loose Nasdaq 2.45% to 2137 points and the S & P 500 fell by 2.49% to 1070 points.

The Exchange NEWYORKAISES doubt due to bad news from Europe on the deficits of Greece, Spain and Portugal.

To this are added the figures disappointing employment. The U.S. Department of Labor lists because 480,000 new applications for unemployment benefits from January 24 to 30, or 1.7% over the previous week. The indicator has thus regained its level of December 12.The bad news casts doubt then that should be released tomorrow Friday monthly report on employment.

The increase more than expected to 6.2% in productivity in the fourth quarter did not offset the effect of this announcement. Just as rising industrial orders have increased twice more than expected in December, 1% from November (in data seasonally adjusted) as many as the previous month, said the Commerce Department.

The dollar rises, the export value suffers

Fears about the deficits of some European countries, coupled with the announcement of the ECB to keep rates at 1% are falling euro and strengthening dollar.The European single currency affects its lowest level since June 2008 and back below the 1.38 dollars.

In turn, values related to raw materials, energy and export sinking stock market. Alcoa lost 3.63% to $ 13, Exxon loose 2.22% to 65.12 dollars. Caterpillar (-3.05% to 51.71 dollars), General Electric (-3.54% to 16.09 dollars) and Intel (-3.25% to 19.04 dollars) fall.

Cisco is unable to support markets

Only Cisco maintains the cap: 0.39% to 23.16 dollars. The group announced that its net income for the second quarter of fiscal year staggered (late October to January 23) increased 23% over one year to 1.853 billion dollars, beyond expectations and its own forecasts . Above all, sales rose 8% over one year to 9.815 billion dollars, while three months ago the group was considering an increase of 1 to 4% only.These solid results are greeted in Stock (1.73% to 23.46 dollars) but do not support enough Nasdaq.

Bank of America 3.81% cowardly to 14.84 dollars. The Minister of Justice of the State of New York, Andrew Cuomo, the bank continues to have hidden the losses of its subsidiary Merrill Lynch and "manipulated" the authorities for a massive federal assistance.

Kellogg fell 4.15% to 52.90 dollars. The producer of cereal for breakfast reported earnings slightly down on last quarter, worse than is expected by analysts and below its own forecast.

Monster Worldwide has published quarterly results and announcing the acquisition of HotJobs to Yahoo for $ 225 million in cash. The news is very badly perceived in the marketplace.The title plunges 18.86% to 13.32 dollars.

Amazon (-2% to 116.72 U.S. dollars) was about to buy Touchco, a start-up NEWYORKAISES specializing in touch screen technology, according to U.S. daily New York Times. The objective is to further strengthen the capabilities of the tablet Kindle while Apple (-2.68% to 193.89 U.S. dollars) has launched its iPad.

Moody's announced an increase of 16% of its profit in the fourth quarter, to 101.9 million against $ 88.7 million a year earlier. The title is yet sanctioned: -5.12% to 26.66 dollars.

The title Cigna (-3.28% to 33.62 dollars). The group released on Thursday a quarterly profit above expectations at $ 330 million against a loss of 209 million a year earlier.