Archive for the ‘facts’ Category

Alafco door to his order of 85 copies Airbus A320neo

Tuesday, February 14th, 2012

The Kuwaiti aircraft lessor Alafco will acquire 35 additional copies of the future Airbus A320neo, bringing to 85 units the order announced in June.

This firm order is in addition to the 50 A320neo signed at the Dubai Air Show last year, the European aircraft manufacturer said in a statement.

The A320neo, remotorisée version of the A320 will enter service in 2015, is marketed on the basis of a list price displayed for about 73.5 million euros.

The device is supposed to provide airlines with a 15% reduction of fuel consumption. 

Its popularity among companies has enabled Airbus to sell almost twice as many planes as its U.S. rival Boeing in 2011, although he acknowledged he has trouble keep the advantage in 2012, with the response of 737MAX, improved version of the aisle of his American rival.

By itself, the "neo" garnered 1,226 orders last year. The A320 Family as a whole has more than 8,300 orders to date and some 5,000 deliveries, Airbus said.

Saturday, November 26th, 2011

Negotiators from six Belgian and Dutch-speaking parties have reached an agreement Saturday on the 2012 federal budget, paving the way for settling the political crisis. The deterioration of the country's rating by Standard and Poor's has served as a trigger. Outgoing Prime Minister of Belgium Yves Leterme, the ordinary business since April 2010

Nothing precludes the establishment of a government in Belgium after the agreement reached Saturday between a coalition of six parties French and Flemish on the draft 2012 federal budget. "The king (of the Belgians Albert II) is pleased that agreement has been reached. Accordingly, it instructed the teacher (and leader of the Socialist francophone Elio Di Rupo) to form as soon as possible a government," announced the Royal Palace in a statement.This may increase the debt burden, increasing the confidence of the markets. The daily Le Soir, it is nothing short of an "infernal downward spiral." Especially a further deterioration can not be excluded. "The risk increases as the financial sector is in need of new state aid. This could push the debt ratio of Belgium above 100% of GDP," warned Standard & Poor's. "We must avoid imposing an austerity that would be against blind-productive", called La Libre Belgique, but "we must dare to clean thoroughly, cut, cut wherever possible."

The differences are between socialists and liberals such as Monday approached the prime minister, Elio Di Rupo threw in the towel. King Albert II refused his resignation but it has reinforced the idea that Belgium became a country ungovernable.

Wednesday, November 23rd, 2011

The French president will be "soon" the proposal with Chancellor Merkel to move towards a greater convergence of economic policies. French President Nicolas Sarkozy received German Chancellor Angela Merkel at the Elysee Palace for a Tuesday, August 16 SOMET bilateral governance of the euro area.

Nicolas Sarkozy on Tuesday reaffirmed its intention to "soon" proposals, with German Chancellor Angela Merkel, to modify the EU treaties in the direction of greater convergence of economic policies in the euro area, in order to solve the crisis its debt. "We need a convergence of economic policies" of the countries in the euro area, "that is to say a convergence of fiscal policies," said the head of state before the Boao Forum for Asia (China) met for the first time in Paris."The situation is much more complex than in 2009 because it requires no single answer," he said. The issue of convergence of economic policies in the euro area should again be discussed Thursday in Strasbourg, during a mini-summit designed to tackle the debt crisis which will bring together, in addition to Sarkozy and Merkel, the new president Cabinet Italian Mario Monti.

Monday, November 14th, 2011

European markets closed lower, punished once again by fears caused by the crisis of sovereign debt.

The CAC 40 sold 1.28% 40.23 points at 3108.95. The FTSEurofirst 300 dropped 0.93% and -1.57% Euro STOXX 50. Milan has lost 1.99% after gaining 2.3% up in early trading.

The Frankfurt Stock Exchange (-1.19%) and London (-0.47%) also fell.

If the gradual establishment of new governments in Greece and Italy had initially supported the Old World Awards, the mixed result of an Italian award served as a reminder that the trust has not resurfaced.

"The real drivers are market rates.Traders have also pointed out that the European Central Bank continued its purchases of debt on the Italian market.

The influential Warren Buffett, investor and director of Berkshire Hathaway, was also estimated on CNBC he was not sure that Europe is able to stem the crisis and considered it premature to buy European sovereign debt and banking shares.

The bank blamed the coup. The index yielded 1.75%.

Universal Music close to complete the EMI record

Saturday, November 12th, 2011

Universal Music, a subsidiary of Vivendi, is about to conclude the purchase of recorded music branch of the British record company EMI and is expected to announce shortly, officials said Friday a source familiar with the matter.

The Financial Times reported earlier that Universal, the world first record company, would pay the owner, Citigroup, $ 1.9 billion (1.4 billion) to acquire the division, citing people familiar with the discussions.

Vivendi declined to comment, while no one was available at Citi.

Universal has resumed talks this week after a time left the negotiating table because of a disagreement with Citigroup on the issue of commitments to employee pension EMI, had several sources told Reuters this week.

Wednesday, November 9th, 2011

Rexel Wednesday confirmed its targets in 2011 and 2013 margin despite the economic uncertainty surrounding the outlook 2012, after a third quarter marked by a 7.5% growth in sales and a 15.2% increase in EBIT.

The world's leading distributor of electrical repeated expects for 2011 an increase of 50 basis points of margin EBITA (earnings before taxes, interest and depreciation), and adjusted basis in which had stood at 5% in 2010.

It also anticipates a net flow of cash before interest and taxes of more than 500 million euros."We remain, however, to 'reduce' because in our view, the new flow is expected to deteriorate."

Asked about next year, Jean-Charles Pauze said during a conference call that it promised to be still uncertain.

"Basically the time has not come to talk about 2012," he said. "We are preparing for both the possibility of growth can be a bit lower, but existing, and we are implementing plans more difficult situation where we can respond to clearly maintain our performance and the increase depending on the situation. "

Among its strategic priorities, Rexel intends to pursue a policy of selective acquisitions, primarily on high growth markets.

Sunday, November 6th, 2011

François Fillon unveiled the details of the anti-crisis measures on Monday after a cabinet meeting. The Prime Minister has already warned that the 2012 budget will be a "more stringent since 1945." Prime Minister Francois Fillon will unveil Monday, November 7 new austerity measures in 2012.

As soon as the page G20 tour, Elysee and government have renewed their efforts in order to complete by Monday a new anti-deficit budget for one of the "more rigorous" since 1945, according to François Fillon, which intends to preserve "at all costs" the "triple A" of France.Details of the measures is likely to be unveiled Monday by the head of government after a cabinet meeting exceptionally postponed that date because of the G20 summit.

On Saturday, President Nicolas Sarkozy has gathered around him, in addition to François Fillon, no less than four heavy government Baroin (Economics), Valérie Pécresse (Budget), Xavier Bertrand (Labour) and Roselyne Bachelot (Solidarity). The latter two were probably invited to this first meeting arbitral panel to the floor on what could become one of the leading measures of the new austerity plan: a second "Day of Solidarity."

Carlos Ghosn predicts a record year 2012 for cars

Friday, October 21st, 2011

The CEO of Renault-Nissan, Carlos Ghosn, is confident that sales in the automotive industry reached record again in 2012 for the second consecutive year, unless the crisis of sovereign debt spirals out of control.

"Unless there is an economic and Apocalypse that there is a crisis of Lehman style, a huge surprise, I can tell you that 2012 will be another record year for the automotive industry what that Europe "said Carlos Ghosn who heads the alliance of the two manufacturers.

Marini won the Senate Finance Committee

Thursday, October 6th, 2011

UMP Senator Philippe Marini was elected president of the Thursday Senate Finance Committee. The PS majority in the Senate, had reached an agreement with the UMP for the presidency back to him. Philippe Marini, the office of the mayor of Compiegne, in September 2010.

UMP Senator Philippe Marini was elected Thursday chairman of the Committee on Finance of the Senate and the Socialist Nicole Bricq, General Rapporteur of the same committee, it was learned from the meeting.

Groups PS and UMP Senate had concluded an agreement Wednesday after the changeover to the left of the Senate elections of 25 September that the Finance Committee is chaired by a UMP senator.

The elect of the Oise received 20 votes and the centrist former president of the commission, Jean Arthuis 5 votes. Mr. Marini was previously rapporteur of the commission.Nicole Bricq (Seine-et-Marne) was elected by 27 votes and 4 blank votes. The UMP has not participated in the election held like Mr. Marini within the commission.

The UMP claimed the Presidency on behalf of a parallelism with the National Assembly where the majority UMP has left the chairmanship of the Committee on Finance Socialist Jerome Cahuzac. In fact only with the left, with 177 seats, only a narrow majority in the Senate (two more than the absolute majority vote) and the distribution of positions of responsibility of the High Assembly by the proportional number of political groups , the line must have at least one committee chairmanships.

Once elected president of the Senate, Jean-Pierre Bel had initiated negotiations with both partners of most environmentalists, communists, radical left, and Jean-Claude Gaudin, president of the UMP for the allocation of posts . The Socialists had conditioned the granting of the presidency of this very important commission for a "comprehensive agreement of governance on the functioning of the Senate", namely the allocation of committee chairmanships and other other organizations such as the delegations to local government and women, the new majority.

Questioned by AFP, Philippe Marini, said Wednesday night that "if elected" Thursday, his presidency would be "in the service of the UMP group." "This is the meaning of the political agreement that was reached" with the PS, he said, assuring that he did not mean to be a president "partisan".The presidents of five other standing committees, the most important positions in the upper house, were to be elected in the morning. The Conference of Presidents, which organizes the agenda of the meeting, will meet in the afternoon.

French refineries why they close

Thursday, September 29th, 2011

LyondellBasell group wants to close its refinery in Berre, in the Bouches-du-Rhone. If the project is completed, France will have lost three refineries in a year. The number of hexagonal sites will be increased from 23 to 10 in the space of 40 years. Employees of the LyondellBasell refinery in Berre, in a social movement in 2010.

The carnage continues for oil refineries. Total after Dunkirk in 2010 and Petroplus to Reichstett (Bas-Rhin) in June, the American petrochemical company LyondellBasell announced Tuesday plans to close its refinery in Berre, in the Bouches-du-Rhone, which it considers unprofitable .

The site employs 370 employees in a petrochemical complex in 1270 employees will lose 120 million euros a year depending on the direction. But the group failed to sell it. No less than "85 entities around the world were approached during the sale process, to no avail.The refinery has in fact been no bid "has he explained. This ensures that only 370 jobs are directly affected refining risk. But unions argue that the loss of jobs could extend to the entire complex.

In response, nearly a thousand employees voted in a general meeting Tuesday the start of a "strike hard" for 48 hours. Wednesday, the entire petrochemical complex was shut down. Between 200 and 300 employees are present for locking, according to unions. The next general meeting is scheduled this Thursday at noon. Those decisions involved a year to the day after the start of great social movement that paralyzed almost all French refineries and caused a fuel shortage.

General meetings in nine out of ten sites

And the risk of a new scale strike is beginning to emerge.The movement of employees of LyondellBasell could spread, even if solidarity is shy at the moment. Employees of nine of the ten French refineries have held general meetings on Wednesday. And could lead to possible actions. But for now, only employees of the Total refinery at Donges, Loire-Atlantique, voted in favor of an immediate movement but symbolic: a decline in production to a minimum flow for 24 hours.

On the side of the Total refinery in Gonfreville l'Orcher, near Le Havre, general meetings were also held. But only a third of the participants voted in favor of a strike and the unions did not consider the results sufficient to initiate an action. A Fos-sur-Mer, in the ExxonMobil refinery, there was no general meeting.

The situation could change Friday.A meeting of employees of the four sites in the area of ​​Berre be held and could lead to possible actions. If the strike is decided, it could spread to other refineries.

France lost 12 refineries in 40 years

The future seems to darken French refineries from year to year. There were 23 in the late 70's, there are no more than 11 still active today. And the closure of the Berre could add to this sad list. Refineries "are in excess production capacity, and do not have sufficient opportunities" because of "demand is very sluggish," said Jean-Louis Schilansky President of the French Union of Petroleum Industries (Ufip). It will even "operating loss of several hundred million euros" in 2011, a trend in "neighbor" of 2009, when they lost 1 billion euros, "he added.According to Les Echos, refining margins, which represent the difference between the price of refined products and their production costs, decreased by 60% between 2008 and 2009. And are now at a "crisis level".

French refineries were in effect in 2010, almost 82 million tonnes of petroleum products like gasoline, diesel or fuel oil. But demand remains well below capacity. Consumption in France in 2010 reached 33.6 million tonnes of diesel and 8.2 million tonnes of gasoline. "Since 2007, there was a drop in consumption in Europe related to energy conservation, and the phenomenon is exacerbated by economic crises," said Constancio Silva, an economist at the French Petroleum Institute-New Energies.

"The divestitures or closures inevitable"

He said the refiners were not able to adapt to changes in demand.They suffered from the rise of the French nuclear fleet. This has indeed led to a decline in demand for heavy fuel oil, which was used previously to operate power plants.

In addition, refiners have invested in the 70 and 80, in units of gasoline production, then the fuel most consumed in France. But they were surprised by the explosion in demand for diesel, accentuated by a favorable tax and lower consumption of diesel engines. The sale of diesel fuel currently represents 75% of fuel sales in France. Motorists consume 33 million tons, but French production capacity amounts to only 20 million. Refineries hexagonal therefore find themselves being forced to export 30% of its production of gasoline, including the United States where, again, demand has slowed.According to the Professional Committee of oil, gasoline sales abroad have in fact fallen by 20%. And Parellel, oil companies are forced to buy diesel fuel abroad, which increases their expenses.

In this context, "ultimately, disposals or closures will be inevitable," says the Ufip. Pessimism that refuses to admit the unions. In response to the closure of the Berre, CFDT and CGT federations in the industry, oil chemistry yelled "stop the slaughter." "This announcement is unacceptable. For it is not linked solely to the problems of weak refining margins and the inadequacy of the means of production with the market, the surplus of gasoline and diesel deficit" Have they denounced.

According to them, refinery closures meet market logic and a lack of investment.The FNIC-CGT calls "a multi-year investment" on the basis of the report of the French Institute of Petroleum, which presented June 22, through investment, featured tracks of development for French refineries.

An argument shared by Thomas Porcher, PhD in economics author of "A barrel of oil against 100 lies." He said the lack of investment to change the production structure of French refineries explains their lack of profitability. "Despite the record profits from the price effect of rising oil prices, these investments were ousted in favor of a preference for investments in refineries near the mining areas. This is the case Total in Saudi Arabia with the Jubail refinery example. It can produce low-cost, because of its proximity to the deposits.But it is especially with a modern production system to adapt the ratio diesel / petrol desired. The problem of refining French could no longer be similar "to a lay-sector" including the means of production have become unsuitable as a problem of competitiveness. While the first causes the second "he says.