For two years, confidence in the Italian government has been falling as steadily deteriorating relationship with the political world."Concerned about a financial crisis, two-thirds of Italians believe that the worst is to come, distressed by unemployment and social welfare in a period of greater vulnerability, they felt that no one took him round the waist problems, do not even recognize the existence, says Nando Pagnoncelli, director of Ipsos. Neither the government and elected a parliament that does not debating the privacy of the Chairman, corruption and their internal battles. "Not only the Italians refuse to grant more confidence in Berlusconi but, having in head the failure of the Prodi team in 2008, after a year and a half of government, they can not believe that the Left in power would be able to govern.

Thursday, shortly after the dissemination of this false information to 3:57 p.m., the French rate on loans to ten years amounted to 3.46%, bringing the pay gap with German bonds of similar duration to a record 166 points percentage not seen since the creation of the euro.

Everyone to understand that France will soon be degraded

This Friday, at the opening transaction, rates eased around 3.36%, but markets have learned their lesson. In exchange, everyone understood that in case of deterioration in the rating of France, synonymous with loss of the "triple A", the rates of government bonds with ten years showed 3.46%, or 3 , 5%.

Markets should react to the decision of the Japanese government, which is again intervened Monday on the foreign exchange market to weaken the yen. The Japanese currency had to break a record of force against the dollar, threatening the economic recovery of the archipelago. Result: The euro retreated against the dollar and the yen on Monday, as the greenback. Around 8 am, the euro was worth 1.4008 dollars against 1.4156 dollars on Friday at the same time. Faced with the Japanese currency, it rose to 111.02 yen against 107.31 yen yesterday.The U.S. currency climbed against the yen at 79.26 yen against 75.81 yen yesterday.

For its part, the European Financial Stability Fund (EFSF), the main tool to combat the crisis, saw its credit rating "AAA" confirmed by the three rating agencies, Standard and Poor's, Moody's and Fitch. In addition, over 90% of large banks asked to take part in the Greek debt relief have responded positively to the agreement, said the Institute of International Finance (IIF), an association of the largest banks in the world payday advance.

Europe seeks the support of the G20

Investors will also have their eyes turned towards the United States, where a meeting of the Fed is expected Wednesday, but also to Cannes, where Europe should have its anti-crisis plan at the next G20 summit.

Oil prices were up moderately Monday morning as investors agreeing respite from the soaring successor to the announcement by the Europeans of an agreement to resolve the debt crisis. The barrel of "light sweet crude" for December delivery gave himself 14 cents to 93.46 dollars in early electronic trading. Barrel of Brent North Sea crude for December delivery gained 21 cents to 110.12 dollars.

Values ​​to follow

• EDF Friday asked the Financial Markets Authority (AMF) to investigate the drop in its share price attributed to a newspaper article that the Socialist Party and the Greens are about to sign an agreement providing for election closure of nuclear power plants.

On the commercial, the brand has benefited from the generosity of telecom operators no fax cash loans.While the iPhone 4S is priced starting at 629 EUR without subscription, SFR proposed to 129 euros with a subscription. The offer was so successful that he is out for the operator. In the U.S., the iPhone 4S is available from $ 199, with a subscription Wi-Fi in three operators.

It is also difficult not to link the commercial success the emotion aroused ten days ago by the death of Steve Jobs, the founder of Apple. Testimonials from fans vowing to take their phone to replace it with an iPhone 4S in honor of its inventor had multiplied. They probably kept his word. He had never sold as many copies of an electronic device in such a short time.

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He emphasized the plight of small business owners whose interest rate credit cards rose from 8% to 28% after the 2008 crisis."And since this depended on credit to manage their businesses, many of them have actually been closed," he said. "At the same time, the decision not to inject capital into banks but in reality to relieve them of their bad assets and allow them to get out of the hole left banks with super-profits and allows them to pay super bonus, "he added.

Surprising support

The confession of George Soros calls and detonates. If the wealthy American investor has always denounced the current financial system, guilty in his eyes, among other things, be detrimental to the economies of developing countries, its position is unique.

Indeed, George Soros has amassed an enormous fortune based on speculation through its investment fund Soros Fund Management.It is especially known for its raid against the British pound in September 1992, allowing him to pocket more than a billion dollars in one trading session. At first glance, his career does not echo the fight against greed advocated by the protesters.

Billionaire investor but also important philanthropist, George Soros is a man of paradoxes. Seventh richest American in Forbes in 2011, with a fortune estimated at $ 22 billion, founder and adviser of the investment fund Quantum Fund domiciled in the tax haven of the Netherlands Antilles, it supports and finances together for a long time the development of societies democratic and open especially in Eastern Europe, notably through the Soros Foundation or the Open Society Institute he created.

An investor free of dogma

At the same time investor Carlyle Group, one time advised by George H.Bush, but support for Barack Obama in 2008, George Soros is an investor wants free of dogma or ideological affiliation.

After obtaining the support of George Soros, the demonstrators were hoping this week that major U.S. unions, supporters certainly less unusual but equally crucial for the future of their movement.

The movement of those that we now call "the unworthy Wall Street" and is gaining momentum in the country can count on the support of several celebrities from the beginning of its mobilization.Thus, from Susan Sarandon to rapper Lupe Fiasco through Yoko Ono not to mention the director and unconditional destroyer of American capitalist system, Michael Moore, there are dozens of personalities, mostly from the art world, displaying their support for this movement of social revolt in the heart of the world capitalist system.

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The U.S. employment under the microscope

In addition to the announcement of the ECB, investors have ignored another bad news when they were expected to decline, weekly jobless claims rose in the United States during the week to September 3, at 414,000 against 412,000 (revised) the previous week. Also across the Atlantic, the trade deficit to have significantly declined in July to $ 44.8 billion after two consecutive months above 50 billion, with an unexpected surge in exports.In addition, U.S. inventories of crude oil fell more than expected last week, revealed the U.S. Agency for Energy Information (EIA). They fell 3.96 million barrels to over 353 million, while economists had forecast a decline of 1.9 million barrels.

Two discourses are also highly expected on Thursday and will weigh heavily on the next sitting: those of Ben Bernanke and Barack Obama. The Fed chief will speak at the Economic Club of Minnesota. Investors await details about how the Fed intends to support the economy. This intervention will follow the publication yesterday of its Beige Book, which again reported a moderate growth. Above all, the U.S. president will speak on Congress to 1 am, French time, on employment and growth.It should detail a plan for employment that would reach $ 300 billion, raised yesterday by the U.S. media.

In France, growth in employment has slowed

In France, INSEE announced that the dealer paid employment decelerated in the second quarter.Principally market sectors have created a total of 33,300 jobs over the period April to June, from 78,300 in the first three months of the year, an increase of 0.2% against 0.5% the previous quarter.

The trade deficit widened further in July, reaching 6.46 billion euros in seasonally adjusted data, weighed down by a rebound in imports, Customs officials said Thursday.

Moreover, according to the OECD, economic growth in developed countries could slow sharply, see stalling in the second half and central banks must be prepared to ease monetary policy by lowering interest rates or intervening on markets.The Organization for Economic Cooperation and Development predicts that growth in the G7 should not exceed 1.6% annualized in the third quarter and is expected to fall to 0.2% over the last three months of year. In France, activity is expected to increase only 0.9% and 0.4% annualized, against 1.8% and 1.9% previously expected.

On the currency side, the euro continues to widen its losses: the European currency fell to 1.3945 dollars, its lowest level since July 12.Oil, he, rising as a result of the prolonged interruption of production in the Gulf of Mexico due to tropical storm: a barrel of "light sweet crude" for delivery in October gained 41 cents to 89.75 dollars a barrel of Brent North Sea crude for October delivery takes 18 cents to 115.98 dollars in morning trading.

Values ​​to follow on Thursday

• Banking

Banks react well to the image of Natixis (2.64% to 2.64 euros), which completes the session ahead of CAC 40 instant payday loan.For their part, Societe Generale gained 0.67% to 19.510 euros, BNP Paribas rose 1.86% to 32.230 euros and Credit Agricole rose by 1.93% to 5.858 euros.

• Areva (-1.40% to 20.475 euros)

The French nuclear group Areva said Thursday was ready to process the spent fuel still present on the site of Fukushima and propose to the Japanese government and the company Tepco lasting solutions to manage the post accident.

• Gemalto (5.61% to 35.475 euros)

The title leads increases the SBF 120, the group is in the midst of "road show", between August 26 and September 15, analysts point out. The action bounces also important on a technical device, which accentuates the rise in the stock, analysts note charts.Since August 25, the title was up over 13%.

• EADS (-1.07% to 21.640 euros)

The group is ready to dip deep into a war chest of $ 16 billion (11.3 billion euros) to finance its expansion in the U.S. and is in preliminary discussions with several potential targets, said Wednesday its chief executive for North America.In addition, the European missile manufacturer MBDA, in part by EADS, would be forced to reduce its workforce by 400 jobs by 2015, according to La Tribune.

Airbus, a subsidiary of EADS, is also considering a third increase its production capacity in one of its scenarios for 2018 to meet demand, the success of the A320 Neo scarce slots delivery before 2020, The Tribune reported Thursday.

• TF1 (-0.53% to 10.285 euros) and EuropaCorp (-0.91% to 3.26 euros)

The two groups announced Wednesday the signing of a Framework Agreement for development to produce the series in English for television.

• Ipsos: -3.27% to 26.605 euros

The group has launched a capital increase in cash of approximately 200 million euros to finance the purchase of Synovate.

• GDF Suez: 0.10% to 20.510 euros

The group will transfer to the Italian ENI participation of 10.4% in gas fields in the North Sea to pay off debt, reported Thursday Les Echos.

• Technip: 2.12% to 67.29 euros

In consortium with National Petroleum Construction Company (NPCC), the group won a contract worth about $ 500 million for engineering, procurement and construction of the project Satah Full Field Development, a field located 200 km northwest of Abu Dhabi (UAE).

• Sanofi: -1.27% to 49.29 euros

Genzyme, the biotechnology laboratory of the U.S. bought by the French group, was unable to deliver its drug Fabrazyme in August, although it promised to doctors and patients to meet this deadline.U.S. regulators have made public Wednesday letters from Genzyme dated August 26 and 25 where the laboratory apologizes to its customers and for people with Fabry disease, a rare genetic disease, for "any confusion and disturbance "caused by the delay.

• France Telecom: + 1.36% to 12.315 euros, Vivendi: 0.16% to 16.090 euros

The new tax passed by the government as part of the new austerity plan should give priority, penalize these two groups, according to Les Echos. France Telecom should be paid to these measures between 300 and 500 million. Vivendi would see him, his taxes increased from 250 to 400 million.

Investors also benefit from a further weakening of the yen against the dollar and the euro the dollar was trading at 76.7 yen (0.10%) and currency EUROPEAN, 111.49 yen (0.36 %). However, some export values ​​do not. This is the case of Toyota who drops 1.91% to 2715 yen, Honda lost 1.22% to 2415 yen.However, Sony climbed 2.82% to 1637 yen.

The oil prices down slightly

Chinese markets are evolving in a piecemeal: the Hong Kong Hang Seng rose 1.51% to 19,879.50 points while the CSI 300 Shanghai loose 1.30% to 2863.39 points. According to Reuters, China has reportedly asked its banks to include their deposits in reserves required by the Central Bank.As a result, Chinese banks are severely impacted the stock market: China Merchants Bank 3.13% to loose 11.74 yuan, China Citi Bank lost 3.45% to 4.47 yuan and Industrial & Commercial Bank of China sells 1.44 % to 4.1 yuan.

On the other Asian financial centers, investors are generally in good spirits Monday morning: the Taiwan TAIEX advances 1.79% at 7578.01 points, the Kospi in Seoul gained 2.96% to 1831.55 points, the S & P / ASX 200 was up sharply from 1.82% to 4276.50 points, the BSE Sensex up 30 wins 2.64% to 16,268 points and the FTSE Straits Times rises from 1.33% to 2784.85 points.

Oil prices were slightly lower Monday morning during electronic trading in Asia, due to the drop-off in demand after the closure of airports on the east coast of the United States, when Hurricane Irene, have analysts said.In morning trading, a barrel of "light sweet crude" for delivery in October gave 13 cents to 85.24 dollars per barrel of Brent North Sea crude for October delivery let go 28 cents to 111.08 dollars.

Both men called on States to the euro area to accelerate the implementation of the comprehensive plan to rescue Greece definitely reassure the markets.The urgency is evident: "It will take months before the European Stability Fund is able to buy government bonds on the secondary market, as decided by the European Council last month," said the office Study Capital Economics. In the meantime, fragile states are likely to face difficulties refinancing growing. In this regard, the Commission President José Manuel Barroso, said Wednesday that he would write to all Heads of State in the area to "squeeze" to "implement without delay" these measures, the being adopted by their parliaments.

European leaders also need to fill a second front, the economic downturn which threatens to investors that the States of the euro area are not able to meet their deficit reduction program.It is the task that has been working Silvio Berlusconi, in a speech to Parliament just after the market close.

Fiscal consolidation

For half an hour, the Italian Prime Minister strongly defended the fiscal consolidation that his government plans to boost growth and drive the deficit to balance by 2014. If it has not announced any new target figure – or even offered to return to equilibrium faster – it has committed to implement an "immediate action plan" coordinated with the social partners and opposition, and expressed his determination to confront the crisis "with consistency and firmness, without following the nervousness of the markets."The "economic and financial fundamentals are strong in Italy," he said to them.

In terms of concrete measures, it confirmed the release of 7.4 billion euros in three years for the Mezzogiorno. He did not mention, however, measures to reduce overstaffing of government, the duplication of structures and salaries and excessive fringe benefits enjoyed by politicians and community leaders.

His intervention is therefore likely to disappoint the markets violently attacking Italy from the beginning of the week. Wednesday afternoon, the rate at ten years was $ 393 Italian basis points (3.93%) over the German Bund. A level equivalent to that of Greece there are sixteen months.

The Bank of Italy follows with vigilance the developments.Its governor, Mario Draghi, who will succeed in November to Jean-Claude Trichet at the head of the ECB was consulted twice in five days by the head of state. Silvio Berlusconi's speech was accompanied by Italian all-out offensive to try to reassure Europe and international investors. Giulio Tremonti met Wednesday for two hours in Luxembourg President of the Eurogroup Jean-Claude Juncker, who called for further "quiet" thinking about the debt crisis. For its part, the director Vittorio Grilli Treasury undertook a tour of Asia (Singapore, China and Hong Kong) to persuade sovereign wealth funds and the business community the opportunity to invest in Italian government securities.

This court decision, taken on July 28, was revealed by Charlie Hebdo before being confirmed Tuesday by a judicial source. The prosecutor did not appeal the decision within five days following the judge's order, the trial is inevitable. It should not however be held before 2012.

The accused are suspected of wrongdoing in the program "Oil against food." This device, developed by the UN between 1996 and 2002 allowed the regime of Saddam Hussein, then subjected to an embargo of the Security Council, to sell the black gold in exchange for food and medicine.

Pasqua accused of corruption and influence peddling

Justice suspected leaders of Total for putting in place a system of kickbacks to benefit from oil markets and to have circumvented the ban by buying barrels of Iraqi oil through front companies. The company is well prosecuted for bribery of foreign public officials, influence peddling stolen goods and conspiracy to influence peddling Payday Loan for Bad Credit. Its current CEO, Christophe de Margerie, is returned for complicity in misuse of corporate assets."We are confident in the outcome of the trial and the fact it is established that Total can not be accused of the facts stated," responded the oil group.

Other French officials involved would have received their commissions in the form of barrels of oil allocations. Two former high-ranking diplomats will be translated for corruption: Jean-Bernard Merimee, Ambassador of France to the UN from 1991 to 1995, and Serge Boidevaix, former Secretary General of the Quai d'Orsay. Charles Pasqua will defend him on charges of corruption and influence peddling for acts committed between 1996 and 2002.

"It's quite a surprise and an unpleasant surprise" immediately commented on France Info's lawyer, Leon-Lef Forster. The latter was surprised that the judge, who took over in 2010 an investigation in 2002, has taken its decision without even "bothered to ask (his) client."But he said he had "no concerns" about the outcome of the trial.

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In the format of Figaro, thirty-two pages, business people and tourists from the Middle Kingdom will discover, in Mandarin in the text, the cream that offers its readers the first French national daily in fashion, beauty, watches, food, outings …

"Paris Chic is a" best of "specifications" and you "dedicated to the art of living and Figaroscope, says Anne-Sophie von Claer, deputy director of the writing of Figaro. The idea is simple, but it could not be achieved with this ambitious and rewarding as this approach Figaro.This is a project that rewards the know-how of our journalists. "To reach its target, Paris Chic will be distributed both in China and France, in places frequented by all Chinese travelers looking to experience the capital, out and shopping. The total circulation reaches 220,000 copies: 150,000 copies in China and 70,000 in France.

More than 2 million visitors each year

In China, the title will be set up in travel agencies and business areas of airports. It will also be distributed through premium clubs banks ICBC and Bank of China. In France, Paris Chic will be visible in 600 hotels, luxury hotels and three to five-stars.

"Wherever Chinese travelers staying, said Eileen The Mute, Deputy Director International Group Figaro.Head offices and workplaces of senior officials and businessmen will also be supplied. "

The potential is considerable. According to the World Tourism Organization, more than 2 million Chinese a year visit France in 2020, against 600,000 in 2009. Currently, 60% of their budget goes to luxury shopping. Paris Chic four numbers are already programmed.

"We do not yet know what the final rate as demand from advertisers is already very strong," says Anne-Sophie von Claer. A version is provided in Korean. Others could follow, including Russian and Portuguese.