Daily News |

Airbus confirmed on Friday after putting the A350 into service in 2013, refusing to comment on information Voices reports of a lowering of its forecast production rates.

A spokesman for the aircraft manufacturer has also confirmed the expected rise in production rates of the A320, but confirmed the target of 90 A320s and Airbus A330s by 2012 raised by The Tribune.

EADS shares, the parent company of Airbus, accusing one of the strongest declines the CAC 40 on Friday morning in response to information Voices, falling 2.95% to 17.42 euros at 10:20 am.

"This news is not good, although it has yet to be confirmed.But frankly, people use this as an excuse to take profits because the stock has outperformed for a while, "said one trader in Paris.

The date of first delivery of the A350, whose CEO of EADS Louis Welsh was declared in late July that it was still attached to the summer of 2013, remains one of the great questions of the moment.

"The goal of entry into service in 2013 remains," said a spokesman for Airbus. "We have contracts with customers and we work to achieve them."

According to Les Echos, the latest forecasts expect rates on 10 aircraft in 2013, 40 in 2014 and 60 in 2015.Launching the program in 2007, the stated objectives were 18 planes in 2013, 51 in 2014 and 83 in 2015, more than 42 copies in the new forecast.

The daily added that the review of sub-contractors, these forecasts are still overvalued.

For 2016 however, the initial target of 120 aircraft has been maintained, said the daily.

Arnaud Lagardère, general partner of the eponymous group which still owns 7.5% of EADS, said Thursday he wanted to first ensure that the program of the future Airbus A350 was well underway before leaving the group's capital .

Boeing has announced that alongside the delivery of its first 787 Dreamliner was postponed in the first quarter 2011, due to a delay in availability of engines.

RISE IN POWER OF THE A320

The Tribune said his side could produce 90 Airbus A320 medium-haul and long haul Airbus A330s by 2012 for a total additional revenue of nine billion dollars (7.1 billion euros), bringing the rates production levels envisaged in 2008, before the crisis.

These data follow a crop of orders for Airbus at the Farnborough Air Show in June, when air traffic takes off.

Airbus has already announced it would increase its monthly production of A320 34-36 units by the end of 2010, this rate could increase to 38 from mid-2011 and 40 from early 2012, says the newspaper, without citing sources.

This rise of 72 aircraft would increase the annual production of the A320 compared to today, an additional turnover of over 5.6 billion dollars (4.4 billion euros) at list prices.

Airbus plans to build more parallel A330s each month. After announcing the passage of 7.5 to eight aircraft per month in early 2011, the manufacturer could produce nine in 2012, said La Tribune.

This would represent 18 additional aircraft from 2010, worth 3.5 billion dollars.

The manufacturer, who must make decisions about hiring in the fall, also relies on his 21 deliveries of the A380 jumbo jets scheduled for 2010 in line with its goal of at least 20 units, the newspaper said.

China Construction Bank (CCB) has risen higher than expected quarterly profit, while the second largest bank in the world in terms of market capitalization will raise about 8.5 billion euros at year end.

CWB has achieved during the second quarter ended June net profit of 35.6 billion yuan (4 billion euros), against 29.6 billion yuan for the same period a year earlier.

This 20% increase in quarterly earnings of the bank is higher than anticipated by analysts to Reuters, who on average expected a profit up 16% to 34.3 billion yuan.

"The growth is higher than I expected," said Jin Lin, an analyst at Orient Securities."The development of credit will be the main driver of profit growth for banks in the future and the annual growth will average about 15% for the sector."

In contrast, the increase of group profits has slowed from the first quarter, as the period from January to March, CCB has posted a 34% increase in net profit, which presage the challenges ahead for the establishment in the second semester.

"On one side (…) environment for international operations was relaxed, with excellent opportunities to develop new business," said the bank 11% owned by Bank of America, in a statement.

"On the other hand, given the difficult situation of market liquidity and volatility of financial markets, development of sites will be more difficult and the pressures associated with control of regulators and competition will increasing requirements of managerial skills. "

For the first six months of the year, earnings of CCB increased by 27%, far less than the 60% increase recorded for the same period by China Merchants Bank and the doubling of profit Everbright Bank.

Earlier this month, sources familiar with direct knowledge of the case have told Reuters that CCB had accelerated its plans to increase capital by 75 billion yuan in Shanghai and Hong Kong early in the fourth quarter.

The New York Stock Exchange ended down 0.22% Friday, the Dow Jones 30 industrial yielding 23.31 points to 10,651.67.

The S & P 500 is broader, lost 4.38 points, or 0.39%, to 1121.43.

The Nasdaq Composite fell on his side of 4.75 points (0.21%) to 2288.31.

For the week, took the Dow 1.8%, as the S & P 500 and Nasdaq fell 1.5%.

The Paris Bourse was up slightly in early trading Thursday, in a market dominated by a wait before the rate decisions from the European Central Bank and Bank of England.

Around 9:15 am, the CAC 40 rose 0.15% to 3766.18 points.

Lagardère, the largest increase in ACC, after gaining 1.72% RBS increased the purchase on the title.

Michelin, which had already taken more than 8% since the beginning of the week, ahead even of 1.14% to 64.20 euros.S & P Equity Research raised its target price of 62-73 euros with a board of purchase.

EDF, which had climbed 5.5% Wednesday after the announcement of an imminent increase in electricity rates, yields 0.47%.

Out ACC, SSII Sopra is 2.52% after its interim results up and confirmation of its 2010 targets.

Other major European markets are also reluctant: London (-0.04%) and Frankfurt (-0.03%) are almost in balance. As for the European indices, the EuroStoxx 50 is unchanged (-0,01%) and back slightly Eurofirst 300 (-0.08%).

The euro was steady at around 1.3125 dollars after losing a little ground Wednesday. U.S. light crude is practically stable and treated around 82.30 dollars a barrel.

Deutsche Postbank reported a pretax profit above expectations in the second quarter, supported by higher interest income and lower losses in subprime, but the banking group has increased its reserves for potential losses on credit.

The chief executive, Stefan Jutte said in a statement it expected that the result does not reach the second half than the first, while ensuring that the full year will be positive.

The action took 0.64% to 25.30 euros at 8:05 GMT.

The first German retail bank by number of customers has also abandoned its goal of profitability in the medium term due to uncertainties still hang on the evolution of banking regulation.

Deutsche Postbank posted a pretax profit of 94 million euros in the second quarter, against a loss of 29 million a year earlier.Analysts had expected a profit of 77.9 million.

These results echo those reported by other retail banks such as Societe Generale, BNP Paribas and HSBC, which illustrate the recovery of the banking sector.

Earlier this year, Deutsche Postbank had said it expected a return on equity after tax of 13% over the medium term, a goal well below that of some of its rivals such as Deutsche Bank.

Deutsche Postbank has narrowly passed the stress tests that have imposed the European authorities, showing a Tier 1 ratio by 0.6 percentage point higher than the 6% threshold required under the most brutal scenario imagined by the regulator .

RESERVES INCREASE

Postbank said Wednesday that this ratio showed late June to 7.3%, a level identical to the one she posted late March.

She reiterated that she would continue to undertake the necessary measures to achieve a ratio of 9.5% by end 2012.

The net interest emerged, up 18% to 671 million euros in the second quarter, while provisions for credit losses were recorded at 175 million euros against 120 million a year ago.

Asset write-downs related to subprime mortgages fell to 174 million euros in the second quarter against 431 million a year earlier.

In late July, the group said it had an exposure of 7.9 billion euros in sovereign debt.Postbank had an exhibition of 500 million euros in loans Portuguese, Italian loans to 4.6 billion, 300 million to the Irish debt, $ 1.3 billion to 1.2 billion debt to Greek and Spanish government bonds .

BP wants to sell its network of Aral gas stations in Germany for about two billion euros, the German weekly reported on Saturday Wirtschaftswoche, citing banking sources.

The French Total, the Russian Rosneft and as the European Avia Service Station are among the possible buyers, the newspaper business.Rosneft is also interested in two refineries that BP has in Germany, says he.

BP, Rosneft and Total had no immediate comment.

The British oil giant recently announced its intention to sell for $ 30 billion in assets over the next 18 months to meet the cost of the oil spill in the Gulf of Mexico.

Sources close to the industry, the sale is deemed unlikely because the chain of service stations is included in BP's refining operations and disposals of assets of the company focus more on the upstream oil and gas fields and gas.

Aral is the market leader Germany with about 2,400 service stations operating under its brand, according to its website.BP acquired the chain in 2002 as part of a broader agreement with the German energy group E. ON

Motorola profit and publishes a quarterly sales above Wall Street expectations, greeted by a rise in its pre-market action.

The American group as it prepares to split into two operations in early 2011, has achieved the second-quarter earnings of $ 162 million or seven cents per share, against 26 million (one cent per share) for the same period the last year.

Excluding items, earnings per share came to nine hundred, while analysts were expecting EPS of eight hundred according to Thomson Reuters I / B / E / S.

Turnover fell to 5.414 billion dollars against 5.497 billion in the second quarter of last year, but it exceeds the market consensus, which gave 5.19 billion.

Motorola shipped 8.3 million mobile phones in April-June, 2.7 million smartphones equipped with the Android operating system developed by Google.

Analysts were expecting deliveries of 8.13 million units with 2.69 million smartphones by seven analysts polled by Reuters.

In the first quarter, Motorola had shipped 2.3 million smartphones for a total of 8.5 million handsets shipped.

The action group has risen by 3.5% in pre-market trade to $ 7.95.

The German inflation accelerated as expected in July, as estimated by the Federal Office of Statistics, harbinger of higher prices across the euro area.

Inflation has emerged at 1.1% yoy against 0.9% in June, an acceleration due in large part to rising fuel prices and fruit and vegetables, said the Office.

Economists polled by Reuters had forecast an average price increase of 1.1% over one year.

On a monthly basis, the national index of consumer prices was up 0.2% in July, against 0.1% in June

Calculated the European harmonized standards (HICP), inflation German spring up 0.3% in July and 1.2% over one year.

The first estimate of inflation over the past month is calculated on the basis of published data from six Länder. Final figures will be released August 10.

"The numbers are consistent with the idea of a slowing of growth in the U.S. and worldwide, but not a recession in 'W'," said Nigel Gault, economist at IHS Global Insight.

Entries weekly unemployment declined in the United States during the week to July 10, at 429 000 458 000 cons (revised) the previous week, said the Labor Department, while economists had expected jobless claims averaged 450,000.

The producer prices have meanwhile fell more than expected due to lower energy costs. They fell 0.5% last month, after falling 0.3% in MayEconomists polled by Reuters had expected a decline of 0.1%.

The increase in industrial production in June was announced in the aftermath is just as a sham because it is primarily due to increased electricity production justified by the massive use of air conditioners.

This declining trend in the economy observed in June of large chance of being confirmed in July as evidenced by signs of activity around New York and Philadelphia.

The indices "Philly Fed" and "Empire State" have both signed for the sharp declines this month, the first falling to 5.1 against 8 in June, dipping to 5.08 the second month against 19.57 last.

"We are now in an economic environment in which one steps forward and one step back. We must content ourselves with a low growth for some time yet," said Howard Simons, strategist at Bianco Research.

The Paris Bourse falls even slightly up in early trading Wednesday, after six sessions of consecutive increase, buoyed by better than expected results from Intel in a market trough for a public holiday.

The better than expected start to the season results should stimulate the market this morning, pending the release of retail sales in June in the United States at 14:30.

Around 9:25, the CAC 40 index posted a gain of 0.21% to 3645.29 points, after taking 1.96% yesterday.

Technology stocks are leading the gains, including the semiconductor sector, with a gain of 2.9% from STMicroelectronics, the largest increase in ACC, and 5.2% of Soitec, the largest increase DTH.

Computer services such as Cap Gemini (+2.3%), Steria (+1.7%) and Altran (+1.4%) also benefit from the optimism that followed the results of Intel, and that Alcatel-Lucent, which is 1.6%.

Other major European markets are slightly higher: 0.16% ahead of London and Frankfurt 0.5%. As for the European indices, the EuroStoxx 50 wins 0.3% and 0.23% Eurofirst 300.

The euro is maintained around 1.27 dollars while U.S. light crude was steady at 77.13 dollars a barrel.