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.

Back in Exchange for General Motors succeeded! Three weeks after AIA and its more than 20.51 billion dollars raised in Hong Kong, General Motors announced that its IPO will be the largest in history. And even the world if the over-allotment option is exercised. At the close of trading in New York, the share grew from 3.6% to 34.19 dollars after surging more than 7.7% in early trade.

The U.S. manufacturer has offered for sale 478 million shares (against 365 million previously proposed at a price between 26 and 29 dollars), at a price of 33 dollars cash advance no faxing.Total supply will be $ 20.1 billion or 23.1 billion dollars if the over-allotment option, that is to say, any emissions of additional shares in the event of high demand, are fully exercised.

That General Motors will do better than Visa in 2008, had raised $ 19.7 billion, including over-allotment option. "Raising prices is a sign of a vote of confidence in the company and the action they propose," said Michelle Krebs, an analyst Edmunds.Com.

The U.S. stock market should open sharply higher Thursday. Futures on Standard & Poor's 500 and Nasdaq 100 advanced in effect respectively from 1.09% to 1190.30 points and 2122.50 points to 1.22%. On Wednesday, Wall Street has ended the session on a hesitant note. The Dow Jones lost 0.14% at 11,007 points, the Nasdaq rose 0.25% to 2476 points and the S & P 500 by 0.02% to 1178 points.

The big event of the day on U.S. markets is the return on the stock market from General Motors. A year and a half after its bankruptcy the manufacturer would make a triumphal entry into the New York Stock Exchange.At its IPO General Motors (GM) will rise on Thursday at least $ 20.1 billion (23 billion if the over-allotment options are fully exercised) making it the biggest IPO ever occurred in the United States and may even exceed the world record held by the Agricultural Bank of China. The first U.S. automaker announced Wednesday that its IPO would take place the next day at an introductory price of $ 33 per common share. GM will indeed break the record for Visa, which raised $ 19.7 billion in 2008, making it far the largest market introduction ever known in the United States.The operation could even beat the world record for the Chinese bank AGBANK, which raised $ 22.1 billion in August by launching a stock exchange.

On the macroeconomic front, investors expect this particular Thursday, the Atlantic, the traditional weekly jobless claims as well as the manufacturing index for November for the Philadelphia area and finally, the index of leading indicators for the month of October.

Always at the macroeconomic level, the Organization for Economic Cooperation and Development (OECD) club of major rich countries on Thursday confirmed the slowing of the recovery, particularly in the area and very strong in the United States. In its new report on the Economic Outlook, the OECD forecasts a global growth of 4.2% next year, after 4 cheap credit report.6% this year.United States, the economy would grow 2.7% in 2010 (against 3.2% expected in May) and only 2.2% in 2011 (against 3.2%), before the rebound of 2012 to 3.1%.

On the foreign exchange market, the euro quickly recovering himself on Thursday, climbing above the $ 1.36 threshold, while the start of crucial talks between Ireland and its European partners on significant assistance given to appease Dublin some market concerns. Around 11:00 am in Paris, the euro bought 1.3629 dollars against 1.3530 late Wednesday

On the values front

The side of values, the U.S. bank Citigroup which examines 14,000 foreclosures recognizes "the probable procedural errors," according to the text that the branch manager of its mortgage, Harold Lewis, must decide on Thursday before a parliamentary committee. This is the first time this bank admits probable errors in this record.Ally Bank (formerly GMAC), JPMorgan Chase and Bank of America suspended early October tens of thousands of foreclosures in the United States after discovering errors in procedures.

Ford has also confirmed the sale of his shares beyond majority Mazda. The American manufacturer will reduce from 11% to 3.5% of the capital of its Japanese counterpart. Both manufacturers maintain their strategic partnership. The U.S. manufacturer was the largest shareholder of Mazda since 1979. After this sale, it will downshift to fourth. Change must be effective November 25.

The American biotech group Genzyme announced Thursday it would sell its diagnostics to Japanese Sekisui Chemical for 265 million dollars.

Also note, the computer company Applied Materials said on Wednesday after trading profit of 468 million, or 35 cents per share.Analysts were expecting a profit of 31 cents per share.

Always on the side of values, investors also expect this Thursday after the close of Wall Street results from Dell.

1. MACRO ECONOMIC COORDINATION: To be continued …

The G20 has agreed to make concerted fiscal stimulus to London to avoid depression. It was a success. In Toronto, the G20 has endorsed the post-crisis differentiated, giving the green light to the rigor in Europe, without preventing the widening deficits in the United States. But macroeconomic coordination tightly decided in Pittsburgh, with a communication to the G20 economic policies proposed by different countries, and monitoring of targets by the IMF, has remained a dead letter. The United States hopes to rehabilitate, Seoul, through close monitoring of current account imbalances.

2. REFORM OF IMF AND WORLD BANK: Acquired

Emerging markets have gained representation in the IMF and World Bank.The IMF Board approved on November 5 the doubling of the voting rights of China (2.9% to 6.1% of total) and increased voice of India and Brazil . The United States, France and Britain have agreed to reduce their quota shares. The reform will take effect in late 2012. The IMF will also double its resources to reach 534 billion euros, a decision taken in London G20. Reforming the World Bank endorsed the G20 Toronto, will see emerging and developing win votes 3.13% to 47%. The boss of the Bank, Robert Zoellick, called for 50%.

3.BANKING REGULATION: Basel IIII will be endorsed in Seoul

Ten years to draft prudential standards called Basel II, two years to give birth to Basel III: Angela Merkel does not fail to recall the enormous work done by regulators to increase the quality and quantity of bank capital – 2% to 7% – while creating a liquidity ratio and debt. Two questions remain daunting. First, if Europe has promised to implement these rules, the question remains as regards the United States. Then the debate is raging over whether or not to require from the systemic institutions even more capital. A topic for Seoul and 2011.

4. BONUS HEDGE FUNDS: Better boxes

Bankers overpaid. It was one of the priorities of the G20 in London. On this point, Europe has made great progress.Too even consider European banks who feel disadvantaged relative to their American or Asian. The bonus cap was passed by the European Parliament and the Committee of European Banking Supervisors board for accelerated reform on 1 January 2011. A tax on the bonus was introduced in Paris, London and Frankfurt. The United States themselves are content to "frame" bonuses without taxation. They chose to monitor the activities of hedge funds by limiting the amounts that banks can invest, while Europe has decided to submit to authority.

5. TAX HAVEN: monitored

The G20 in London marked the departure of the great crusade against tax havens, led by Paris, Berlin and Washington, which in turn sway the strongholds of bank secrecy.Switzerland, Austria, Monaco, Liechtenstein … decided to comply with the OECD standard on exchange of tax information. Result, a year and a half later, the list of uncooperative jurisdictions OECD now has only ten small countries. More than 600 bilateral agreements were signed and the French-Swiss tax treaty enters into force in January. States have also initiated through the Global Forum on transparency of the OECD, a process of peer review of progress, which must be completed by end 2011.

U.S. stock markets opened without direction, on Monday. The Dow Jones lost 0.12% to 11,393.50 points and the S & P 500 was down 0.04% to 1222.73 points, while the Nasdaq Composite advance of 0.08% to 2582.23 points. On Monday, in the absence of macroeconomic news, Wall Street has ended the session on a hesitant note. The Dow Jones lost 0.33% at 11,406 points, the Nasdaq rose 0.04% to 2580 points while the S & P500 fell 0.21% to 1223 points.

Previously, carried by the support measures by the Fed to the U.S. economy and the Republican victory in the elections of mid-term, the S & P 500 had jumped 3% during the last week and over 16% since the beginning of September. But now Wall Street has some difficulties to continue unabated.

The dollar continues its momentum

The event promises to be significantly reduced this week at the New York Stock Exchange, Thursday, November 11th is holiday in the U.S. for the Veteran's Day. On Thursday, the NYSE, NYSE and Amex Nasdaq will be open, but bond markets will be closed. Stagnation is also reinforced by the expectation that the G20 will be held in Seoul on Thursday and Friday.

On the foreign exchange market, the euro was still down against the dollar late Tuesday morning, moving around the threshold of 1.39 dollar because of concerns about the fiscal health of some countries in the euro area.Around 11:00 am in Paris, the European single currency was worth 1.3921 dollars against $ 1.39 the previous evening.

The side of values, Bank of America (Bofa) (-0.06% to 12.59 dollars) will sell more shares BlackRock (-2.02% to 165.68 dollars) than initially announced the first manager assets worldwide, on Tuesday before the opening of Wall Street. Bank of America will sell 51.2 million shares, or 2.4 million shares of more than initially envisaged. The bank would thus be able to earn about $ 8.3 billion at the time of disengagement.

Sanofi-Aventis (+0.42% to 35.66 dollars) on Monday urged the leadership of the U.S. laboratory Genzyme (-0.04% to 71.03 dollars) to forego protective measures against the takeover bid at 18 , 5 billion which it launched in early October, calling to let shareholders decide "for themselves" the fate of this offer pay day loans.In response, Genzyme reaffirmed that the price of 69 dollars per share the offer was not the "appropriate starting point to begin discussions."

The U.S. conglomerate General Electric (GE) (+0.42% to 16.78 dollars) announced Tuesday that it plans to invest more than two billion dollars in two years in China, especially in research and development.

AOL is considering a merger with Yahoo

AOL (0.94% to 26.35 dollars) confirmed it had appointed Bank of America to consider several strategic options, including a possible merger with Yahoo, according to sources familiar with the matter. The idea of a rapprochement between the two groups would still in its infancy and that there was no guarantee that it leads to an agreement.

Microsoft (0.81% to 27.03 dollars) will launch tomorrow in Europe KINECTS, its new tool to do without any accessory on Xbox 360.The U.S. giant is the last of the three console manufacturers to try their luck in the detection of movement after the Nintendo Wii in 2006, which opened the market to the general public, and the Move by Sony in September 2010.

The CEO of U.S. computer Oracle (+0.41% to 29.16 dollars), Larry Ellison, said Monday at four billion dollars the damage caused by an acquired company a few years ago by its German rival SAP, TomorrowNow. Testifying at a trial in Oakland, California, Larry Ellison said that since TomorrowNow had unlawfully appropriate technologies Oracle, SAP was able to make it easier for customers.

Ambac has filed for bankruptcy

The troubled monoline Ambac (-55.73% to $ 0.23), a victim of the financial crisis, said Monday it filed for bankruptcy and put himself under the protection of the bankruptcy law.He was unable to raise capital that would allow it to meet its obligations.

Also note, the group Amazon Web (+0.52% to 172.89 U.S. dollars) Monday announced an increase of fees it pays to newspapers and magazines available on its Kindle digital library. The latter will receive 70% of revenues from December.

New outbreak of labels in civets. Cigarette packages will sell on average 30 cents more starting Monday, up about 6%. The ministerial order determining the increase, which comes almost one year to the day after the previous increase, was published Saturday in the Journal Officiel.

Baroin confirmed by the Minister of Budget, mid-September, this translates into higher prices for the state by 660 million euros in additional tax revenue per year. Thus, according to Bercy, the state revenue under the law of tobacco (excluding VAT) are expected for the first time in 2010 exceeded 10 billion euros.These funds are all allocated to social security budget and will be distributed among various funds.

An increase in "moderate and reasonable"

For Baroin, responsible for registering price changes desired by manufacturers, this increase is "moderate and reasonable" and therefore consistent with the Cancer Plan 2 of President Nicolas Sarkozy. An argument is unconvincing associations fight against smoking, that an increase of less than 10% has no effect on consumption, and therefore on public health, then that smoking causes 60,000 deaths a year France.

On its website, right of nonsmokers (DNF) even asks the government and the president of preferring "an increase of 60 cents every two years" rather than "small increases of 30 cents per pack of cigarettes each year. "French Office for the Prevention of Smoking (OFT), "this increase requested by the tobacco industry is calculated to the penny so as not to reduce consumption."

Tobacconists fear yet the impact of this increase in tobacco prices. According to them, it's not just a "dance labels. With this increase, "it is a network that could pitch," said the Confederation of tobacconists. For the profession, rising rates could "restart the procurement of cigarettes outside the formal network. That is to say across borders (Spain, Belgium, Germany) where cigarettes are 20 to 30% cheaper in a hurry or on the Internet.

Fears tobacconists

According to Pascal Montredon, the patron saint of tobacconists, "18-20%" of cigarettes smoked in France were not purchased in any of 28,000 tobacconists.He requested a formal study on this phenomenon. For their part, manufacturers evaluate different surveys between 12 and 22% off purchases of the official network.

On 9 November 2009, tobacco prices had already étérelevés about 6% increase already criticized by anti-tobacco as too weak to be effective in terms of public health. This increase was also not significantly changed sales tobacconists who fell by only 0.2% over the first eight months of 2010 compared to 2009. Data dubaromètre health 2010 show that tobacco consumption has increased by almost 2% between 2005 and 2010.

MPs recently rejected an amendment by Yves Bur proposing to overtax the profits of manufacturers. Next step, photos shock will be mandatory at the back of every packet in April. And the government continues to consider a generic package, without any logos or color.

(With AFP)

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The most influential man of the world is today in France.Crowned with the title that has just awarded him the magazine Forbes, which placed it at the top of the world list, ahead of U.S. President Barack Obama, Hu will spend three days in Paris, where he is expected to sign a flurry of contracts and try to find common ground with the head of state, Nicolas Sarkozy.

The President of the People's Republic of China and should buy a hundred aircraft from Airbus, order two EPR reactors and a supply of uranium from Areva, and conclude a lasting cooperation between the ICC and Chinese energy group Total, build a coal gasification plant in China.

These trade agreements are expected to reach a total of several billion dollars, which "will be far more important than in previous visits of European leaders in Beijing, or China's leaders abroad," said the Elysee.Hu Jintao will then continue its journey to Portugal, where he could buy Treasury bills in the country, but the French stage is considered special. In China, the People Daily newspaper said in effect that "France was the first Western power to forge diplomatic relations with China and to establish agreements with Beijing military and nuclear cooperation."

This visit of the Chinese just a few days of the G20 summit in Seoul will also be an opportunity for the French head of state to try to persuade his counterpart to officially open the debate on the yuan.The Financial Times argues that Nicolas Sarkozy will also seek the support of Hu Jintao to promote a reduction in the volatility of commodity prices, and reform of global institutions.

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The Hexagon can continue to live as an island in tax matters? The issue is acute when reading a study of the law firm Arsene Taxand. In recent years, France has not lowered its tax rate (CIT). His neighbors, though. In Europe, the higher rate of corporate tax fell from an average of 35.3% in 1995 to 23.2% in 2010. Result, metropolitan France, with its rate to 34.4%, holds the palm of the strongest European IS. And in the developed world, only the United States beyond us. Worse, the gap may widen. For, despite the crisis, many governments have always reduce their corporate tax rates. The UK for example will bring his to 24% in 2014 against 28% today. "It is for these States to encourage the company, a source of growth.And it is striking that a country in deep trouble as the Irish budget refuses to reverse its low corporate tax rates, "says Nicolas Jacquot, a partner with Arsene Taxand.

The Council of compulsory levies, which depends on the Court of Auditors has qualified that statement last year, noting in a recent report that in France the calculation of taxable income is advantageous. So that, despite a high rate, the final tax, which is calculated from the taxable income and not the real benefit is not that high. In addition, there are many tax loopholes for businesses (106 billion after the POC). In total, according Bercy, French companies would be taxed at 22% of their actual profits.But Nicolas Jacquot, this does not change the situation: "Since it is difficult to compare actual charges, international investors are based on rates of IS. And side niches, some countries are not left behind. Korea has strengthened – also – the research tax credit pay day loans.

"Indeed, most countries have lowered their corporate tax rates have supported the measure by a VAT increase," said Nicolas Jacquot. Germany led the way in 2007, lowering its corporate tax rate from 38.7% to 29.8% while raising the VAT from 16% to 19%. The UK will follow this model. Spain, it already raised its VAT from 16% to 18%. Today, France finds itself with a rate of VAT (19.6%) lower than the European average (20.2%) and very close to those of Sweden or Denmark (25%).Enough to leave him room to maneuver … And then the government does evoke no fiscal convergence Franco-German?

Debate on VAT undermined

But it seems that in the short term, this convergence will only reform the taxation of wealth. For France, the subject of VAT is trapped. In 2007, the majority has lost several legislative seats after the idea of a social VAT had been raised. However, this formula which is to fund a reduction in payroll taxes by a VAT increase, has defenders. One of the oldest is Jean Arthuis, president of the centrist Senate Finance Committee. He was joined by Jean-Francois Cope, the owner of UMP deputies who speaks antidélocalisation VAT. In fact, lower payroll taxes increases the competitiveness of French companies, while VAT has the advantage of hitting all consumed goods, including imported ones.But this tax is burdensome for low-income households, which do not fail to emphasize the Socialists. I bet that this debate will lead the 2012 presidential election.

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RATP announced a traffic normal or near normal across its network this Thursday. But it was not counting interventions protesters to disrupt the organization of railroads in the Ile-de-France. Several spontaneous movements have forced the RATP to change his schedule on the RER lines A, B, C and D. While on the E, a second train is scheduled during peak hours.

RER A

Due to the presence of protesters to file Achères, traffic is disrupted on the line A of RER, RATP announced on its website. "Significant delays and losses and changes in service are expected on the branches Poissy and Cergy-le-Haut."

RER B

RATP has triggered security measures related to the presumption of danger on the track. Trains with delays of 20 to 30 minutes.Deletions and changes to service are expected.

RER C

"Due to flooding of the switching station from Paris Austerlitz by protesters, traffic was disrupted on the RER C line," said RATP. Train traffic was halted on the entire line on Thursday morning, but traffic resumed gradually in the late morning.

RER D

Even if only for the RER B line is very upset because people on the road.Trains with delays of 30 to 45 minutes and deletions or modifications are possible feeder throughout the line.

• SNCF

While the looming Halloween holidays starting this weekend, the station announced Thursday for a new and slightly improved traffic and prepare a TGV service near normal for departures on holiday from tomorrow, Friday.

"However, the railway network of RFF (Réseau Ferré de France) and SNCF trains and facilities have been the subject yesterday of malfeasance and obstruction of traffic that penalize travelers," denounces the station.

This morning, shares of blocking traffic and have severely disrupted rail traffic in Ile-de-France on several points in the network RFF (Achères Dourdan Dies, Monceau, Paris Austerlitz), and station facilities in Mitry and Montparnasse station.Similar actions conducted in several regions and cities including Chartres, Metz and Dunkirk make it more difficult commuting on line pay day loans users. These acts are the work of isolated groups, gathering protesters and some railroad, the SNCF said.

To recall, the turnout in the strike against renewed inter pension reform was established yesterday, Wednesday, at 15.68% for all staff, said the executive.

Besides these occasional disturbances, according to a statement from the station, traffic is disrupted on Thursday:

At the national level

-TGV Paris-province: two trains on three

TGV-province to province: a second train

– For B: a second train.Connections with TGV are not guaranteed.

– To Corail trains: four out of ten trains

– For Intercity trains: almost a second train

– Téoz: more than four out of ten trains

– Traffic and Paris Nice Paris Nice: the normal night of October 20 to 21.

Transiliens

– Six out of ten trains at peak. Additional trains are likely to be put into circulation. Traffic on the RER A is normal.

At the international level

– Eurostar: Normal

-Thalys: near-normal service

– ICE TGV (France-Germany): Normal

-TGV Lyria (France-Switzerland): normal traffic

– To Italy: A roundtrip Paris-Milan will be provided for the daytime traffic.

Traffic-other international trains uninsured.

– Traffic Lunea night: no traffic on the night of October 19 to 20.

SNCF said that while ticket lines will be valid during the period, board any train traveling on that day about the relationship in question.Customers preferring to cancel a trip with a reservation for a train of the period may do so without charge at the counter, whatever the price.

• Information

http://www.sncf.com

http://.infolignes.com

http://www.abcdtrains.com

http://www.ter.sncf.com

The site-by-station mouvement.com also serves to check the billboards (departures and arrivals) from the station of his choice.

• Hotlines

0.805.90.36.35 to Outline (TGV), TER Téoz and Intercity

0.805.70.08.05 for Transilien

sncf.mobi for real-time access to information on mobile.

Station radio: One point traffic every 15 minutes from the SNCF Direct application on smartphone and all station websites (www.sncflaradio.com)

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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