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To forget the failure of the huge nuclear power plant contract in Abu Dhabi. It's a little obsessed with the French energy sector and particularly of GDF Suez, which relies heavily on the Middle East.

Tuesday, the group headed by Gerard Mestrallet did not hide his satisfaction at the announcement of the signing of a contract to build a gas power plant with a capacity of 1730 megawatts (MW) in Saudi Arabia. The operation is substantial. The future plant, which will be commissioned in late 2012, an output slightly above the EPR (1600 MW), for a price much lower: 2.1 billion dollars.

In reality, the bill for GDF Suez is approximately 400 million dollars. The group owns only 20% of the consortium.The balance is in the hands of Saudi Crown Corporation (SEC), at 50%, and two partners, the Saudi Aljomaih Holding Co and Japan's Sojitz Corporation, which share the remaining 30%. The operation for twenty years, however, is entrusted to the French energy company.

Competition relatively limited

With this operation draws a little more face GDF Suez on the world supply. Unlike EDF, which concentrates its production in Europe and especially in France where it holds a capacity of 96,000 MW, the group is growing strongly outside Europe.

In the Middle East, it will have in 2013 a volume of 17,000 MW, equal to its combined capacity in Belgium and France. The other major area of activity is in South America, and particularly in Brazil where he is expected to produce 11,000 MW within three years.In total, GDF Suez expects a capacity of 100,000 MW by 2013 against 72,000 MW currently.

Growth in these areas is even faster than the electricity needs are growing. Demand is growing 8% per annum in Saudi Arabia. Brazil must build the equivalent of two or three EPR annually to meet the needs of the population and industry. The bulk of the investments made in hydropower, which represents three quarters of the country's capabilities.

Another advantage, competition is relatively limited. None of the major European energy companies not participating in tenders in the Middle East. The real competitor is Western International Power, the English electrician that coveted GDF Suez earlier this year.It has 9000 MW of which 2,000 under construction in the Middle East.

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The European Union has delivered Monday in her web of Penelope: the establishment of a "governance" to hold together the economic course of the crisis. But she still did not defined the content nor the timing, or even the actors. The sudden postponement of the appointment Sarkozy-Merkel in Berlin in addition to other mishaps for a company that struggled to take off. Finance ministers of Twenty-Seven, meeting in Luxembourg on Monday evening, still had to push the fires on their side.

On the positive side, the ministers of the euro area have sealed their agreement on the "ease" of 750 billion which should guarantee the eventual bailout of states on the brink of bankruptcy. They agreed to curb the gnawing pain of a single currency: Eurostat, the statistical arm of the EU, will be with genuine "investigative powers" to prevent a country to hide for years the severity of its fiscal situation.So much for the remedies.

EU sanctions

The advances are more confused in the forums, sometimes competing, responsible for prevention component: the Eurogroup, which brings together 16 ministers of the euro, the Ecofin, which brings together the 27 EU central bankers, and finally the new working group that puts themselves under the authority of the Chair, Herman Van Rompuy. The three find themselves in less than twenty-four hours in Luxembourg overnight pay day loans.

First floor of the mechanical preventive tightening fiscal discipline is acquired on the common principle. But its terms shall continue to oppose Germany, herald of orthodoxy in much of Europe. Berlin wants to impose on countries that refuse to toe the line of European sanctions, such as the deprivation of the right to vote, not found in the treaties.José Manuel Barroso J. "naive" the Merkel government's attitude. France, without rejecting the idea of German front, said she does not respond to the emergency "because it would take at least three years to change the texts," said one diplomat.

Things get complicated at the higher level, that of governance and coordination of economic policies. Angela Merkel and Nicolas Sarkozy are trying to get their act together to approach the next EU summit in Brussels nine days. Herman Van Rompuy will also make proposals.

The Chancellor visited in March to the idea of an "economic government" European defended by the Elysee.But rather than open a new institutional construction, Berlin thinks first to impose its partners "stability culture" as a model.

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Malta takes a very dim view of the opening of the French market paris online and does everything to slow the process. This is the poker from the first to pay the price. Indeed, the opening to competition of the French market of online poker is postponed for one month, until late June because of an obstruction of Malta under EU rules, said the Agency France Presse (AFP) the entourage of the Department of Budget and confirming information site Challenges.fr

"We can not publish the implementation decree (for poker online) before June 28 It postponed a month because we are forced Malta, "says one with services Françoise Baroin.

A French law "relating to the introduction of competition and industry regulation of gambling and online gambling" was promulgated on May 13, followed by a dozen decrees.This legislation relates to sports paris, the paris horse and poker.

The Regulatory Authority online games (Arjel) should issue next Tuesday fifteen licenses to operators of online games, especially in order to start the paris during the FIFA World Cup (June 11-July 11 ).

Problem European procedure

The government had sent there over a year to the European Commission's draft legislation on online gaming, then notified Brussels implementing decrees, said the Budget Ministry online pay day loans. "Member States (EU) had three months to make their comments and Malta has chosen to do May 27", ie the last moment. France is obliged to meet in Brussels and Malta before issuing his decree. Paris now has one month to respond.

Malta, already established on the market for online games, contests a provision of the French law requiring players to register with an approved operator. This is contrary to the EU principle of free movement of persons and property.

"There is no problem on the merits. It is simply a procedural problem in Europe, as it has been commented at Bercy, stating that the grant Arjel as planned on Tuesday for its amenities paris sports, horse and poker. For the latter, many traders will await publication of the decree in late June. Still, the situation is embarrassing for the operators. Bwin, Unibet and Unibet already offer online poker. And waiting for regulatory approval to regularize their situation.

After a few sessions of doubt, the Paris Bourse has picked up substantially. Encouraged by good news from the United States, the CAC 40 was indeed awarded 1.59% to close at 3557.34 points to finish in a volume of transactions expanded by about 4.5 billion euros.

Other major European markets have also hoisted the green flag.In Frankfurt, the Dax gained 1.23%, and London was awarded the Footsie 1.16%.

The markets were boosted by a salvo of indicators better than expected in Europe and the United States.

The Paris Bourse, which opened up substantially has continued to evolve in green, buoyed by an encouraging indicator for growth in the private sector in the euro area.

In the United States, on the eve of the announcement of monthly statistics of unemployment, investors focused their attention on "indicators from the employment market.

Positive signs

The firm ADP, which always reveals its figures a step ahead of the official statistics, said that the private sector in May had aligned his fourth consecutive month of net job creation (55 000).More good news, the number of jobs created in April was revised up significantly with 65,000 jobs, nearly double the previous estimate of ADP.

And, for analysts, the number of jobs created Department of Labor to be released Friday should be even higher because it also includes jobs in the public sector has massively hired for the decennial census. In recent days, signs of U.S. economic recovery are multiplying. The day before, real estate, which is closely watched by analysts had sent further signs of recovery.

In Paris, the mood swing advantage in priority areas identified as cyclical resource stocks and cars that were driving the increase, the image of Peugeot and Vallourec.

For the first time, the United States, Americans will have a smart card (smart card to the French) and "accepted in the world. It Gemalto.

A contract which seems small in relation to the size of the division payment at Gemalto.But "this announcement is very important symbolically," noted analysts at Natixis, surprised that the stock price does not react.

For the group at 1.65 billion euros in turnover in 2009 made his first steps on American soil that could well decide to finally initiate the transition from magnetic stripe cards – which are the subject of a high fraud rates – to adopt smart cards EMV (Europay, MasterCard, Visa) to pay around the world and secure quick payday loan.

For the strategists of Natixis, the bank card market with a microprocessor in the United States has "a potential 1.5 billion cards.

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At the opening, the Dow Jones was down 0.25% at 10,845 points, the S & P 500 fold from 0.03% to 1166 points and the Nasdaq 0.34% loose, to 1966 points.

On Wednesday, the three major indexes in New York posted strong gains Wednesday.

Eight banks covered by a survey

The Attorney General of New York has opened an investigation into eight banks, including Credit Agricole, to determine if they had provided misleading information about their mortgages before the subprime crisis, "according to The New York Times.Goldman Sachs (-0.57% to 146.36 dollars), Morgan Stanley (1.29% to 28.16 dollars), UBS, Citigroup (-1.68% to 4.11 dollars), JP Morgan & Chase (-0.62% to 41.43 dollars), Credit Suisse, Deutsche Bank, Bank of America-Merrill Lynch (+0.24% to 17.11 dollars) and Credit Agricole in the crosshairs.

The dollar continued its rise against the euro

The euro fell Thursday to a level that was hers before the announcement of the stabilization plan of the European Union and the International Monetary Fund (IMF).The single currency traded at 1.2586 dollars, down 0.3% on the day, approaching its lowest level in 14 months.

Decline in number of unemployed weaker than expected

The resurgence of the greenback is supported by the fourth consecutive decrease the number of newly unemployed in the United States, according to figures released Thursday by the Labor Department in Washington cash advance america. The ministry said 444,000 new jobless claims were submitted from May 2 to 8, or 0.9% less than the previous week (in seasonally adjusted data).

Oil prices opened sharply lower Thursday in New York, a barrel of benchmark lost 1.47 dollars to 74.18 dollars. Wednesday crude inventories rose 1.9 million barrels to 362.5 million.Economists on average had expected a rise of 1.3 million barrels.

Contracts awarded on the prudence of Cisco

The Japanese electronics giant Sony (-2.47% to 32.42 dollars) confirmed Thursday it had ended the fiscal year 2009-2010 on a net deficit reduced to 40.8 billion yen (312 million euros ), reflecting a return to the green on the plan of operation, through reductions in fixed costs. Sony also said Thursday that he hoped to finish the fiscal year began last April, and will be closed in March 2011, a net profit of 50 billion yen (about 400 million euros).

Cisco (-3.42% to 25.83 dollars) has announced its profit jumped 63%, but its CEO said that caution was in order.

Palm has found a buyer. Wednesday evening, Hewlett-Packard has announced the acquisition of the pioneer of personal digital assistants for $ 1.2 billion, including debt, a price of 5.7 dollars per share and a Palm 23% premium over the closing price of fence. The operation, which ended weeks of speculation, should be completed as early as July.

Among the potential candidates for the resumption of Palm, as HP had not been heard most often. The specialist Taiwanese smartphone HTC has long held the position of favorite, but recently abandoned. Dell, which focused on the record, it is also diverted. Only Lenovo was officially still in contention, according to the business press.

It is finally another PC manufacturer that has entered the deal. For reasons similar to those that have a time attracted the interest of its competitors.With Palm, HP said in a statement like "better participate in markets that are highly profitable and rapidly growing smartphone and mobile devices connected", where IT groups have gained the upper hand. Apple has pioneered in 2007 with the iPhone. Google has followed with Android. Microsoft began its revival with its Windows phones.

Palm losses have doubled

Hewlett-Packard was anyway not a total stranger in this area cheapest personal loan rats. By merging with Compaq in 2002, he inherited the iPaq line of PDAs, Palm rivals. Today, it has a few models in its catalog, running Windows Mobile. But sales have always been kept confidential, focused on professional fleets.

With the acquisition of Palm, HP equips are better able to target the general public.The Palm Pre and Pixi, distributed in France since Tuesday, are animated by a modern operating system and owner, webOS, which could be adapted to the shelves. Despite some recent departures, Palm can also count on a quality team, headed by Jon Rubinstein, a former Apple, which will remain at HP, and a large patent portfolio.

Hewlett-Packard will nevertheless have to quickly bring order into the sales channel Palm and give a new boost to its marketing. Between December and February, Palm has doubled its losses, which totaled 22 million dollars. Faced with very disappointing sales, it has delivered too many phone operators, who were left with huge stocks and decided to cut off their supplies.

After opening slightly higher, 0.21%, CAC 40, which has enjoyed, this time, a mixed close on Wall Street too, fell into the red. Shortly before noon, the index feature of the Bourse de Paris yielded 1.36% at 3942.91 points, while he had gained 1.17% yesterday night at the close. Subsequently, the markets have been showered by the decision of the Ageng rating S & P lowered the rating two notches debt of Portugal. Like Greece, the country is saddled with a huge deficit. What has worried the markets literally, since the Paris Stock Exchange has stepped up its withdrawal. At the close, the CAC 40 fell by 3.82% in ironing 3,900 points.

Elsewhere, markets are also oriented substantially in the red. London losing more than 2.61%, 3.28% loose Madrid.The Dax in Frankfurt has finally sold 2.73% to 6159.51 points and the FTSE in London, 2.61%, to 5603.52 points.

The outbreak, imperious Plan aid to Greece remains suspended to the new requirements of German thoroughness. The 10-year rate that Athens can refinance markets have exceeded 9.6%. Athex, the Athens Stock Exchange finished in fall of 6%. The markets clearly fear a default if the country does not receive in time, by May 19, the money promised by the EU and the IMF.

A contagion feared

Fears of contagion to other countries in the euro area patients deficits have magnified the nervousness of the markets.

Everywhere, banking stocks weighed on the trend, banks are most exposed in case of default of payment of Greece.

In Paris, BNP Paribas lost 7% in closing, Credit Agricole and Societe Generale 6.42% 6.02%.

Other sources of uncertainty for the sector: Accused of fraud, the bosses at Goldman Sachs on Tuesday defended before the U.S. Senate, which has also defer consideration of the proposed reform of financial regulation.

Meanwhile, "similar problems (to those of Greece), but at a different level are met by other countries," warned the Vice-President of the European Central Bank, Greek Lucas Papademos. This risk is probably overshadowed the macroeconomic data and solid corporate earnings released in Europe (BP, Deutsche Bank and Electrolux) as the U.S. (3M, Dupont, Ford, UPS and U.S. Steel have better than expected.).In New York, tenacious optimism, however, the Dow Jones yielding 1.13% after the closure of Paris. Greece weighed, despite two U.S. indicators able to offset profit-taking and uncertainty: if house prices in February will have recovered only 0.6% a year against 1.3% expected, the confidence index April's consumer, however, rose more than expected, the highest since September 2008.

Workers at the plant Sodimatex Crepy-en-Valois, since Thursday threatening to blow up their factory to demand better severance pay, resumed negotiations with management on Friday, according to their lawyer."The goal is to obtain guarantees on fair negotiations and feasibility of proposals," said Ms. Caroline Substelny journalists, who advises employees.

After half a day of negotiations, the employees had left the roundtable organized at the municipality office, shortly before 20 hours before returning to the factory for a general meeting faxless pay day loans.

Both sides attempt to reach an agreement to improve the starting conditions of the 92 employees, including site closure is scheduled for a year.

The employees demanded such a premium extra-legal dismissal of 21,000 euros, similar to what had affected their colleagues from another plant Sodimatex closed in 2006.

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The food entry level, including first prize or those sold in hardware discount, are not so good nutritional (fat, sugar) than those sold by the brands, according to a notice of National Council of Food published Tuesday.

"To say that cheaper products are necessarily of lower quality nutrition is unfounded," acknowledged for the first time, food manufacturers and retailers together in this independent advisory body.

Except

In an opinion adopted on Tuesday, the NAC is committed to inform consumers that "exceptions" and contrary to popular belief, food cheapest are not fatter or sweeter than the others.

The mission of the Working Group of the NAC, which was compiled and included eight studies conducted by consumer associations or research organizations, related only to the protein, carbohydrates and lipids but not on the quality of nutrients or substances first used online cash advance. For example, the NAC does not distinguish between fat from palm oil or rapeseed oil. But it recommends that such studies be conducted.The Board regrets that the media "explain obesity more common in disadvantaged by too high energy density foods first price compared to those of branded foods.

If poor children are more prone to obesity, not because they eat chips first prize instead of crisps brand but because they use chips to snack rather than a plain yogurt, writing including the NAC. The Board also considers possible to comply with dietary recommendations from 3.50 euros per day per person "in selecting foods (fresh or industrial Ed) in the lower part of the price range.