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Airbus has always put the A350 into service in 2013

Friday Aug 27, 2010

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.


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AIG AIA will decide by next week

Wednesday Aug 25, 2010

American International Group (AIG) is expected to decide by early next week if he enters into formal negotiations with strategic investors for AIA, its Asian subsidiary life insurance, it was learned Wednesday from sources near process.

The establishment of a deadline for submission of bids by U.S. insurer AIG could finally shows consider introducing its Asian subsidiary of the Stock Exchange of Hong Kong in the fourth quarter of the year, but that an outside investor is entering the capital AIA ago.

Some Chinese investors have nevertheless expressed their interest in acquiring a stake in AIA before its IPO, which would allow it to recover about U.S. $ 15 billion (12 billion euros).

Given the short time remaining, it is unlikely that a significant agreement is reached before the start of the procedure prior to an IPO.

"The train ahead of the IPO rather quickly.This means that the possibility to stop it is limited to a strategic investor wishing to report to the Board, examine accounts and negotiate the price, "said one source familiar with the matter.

SEVERAL CHINESE GROUPS INTERESTED

AIG was not immediately available for comment.

Three to four consortia consisting of Chinese investors have approached AIG offering to take stakes in AIA before its IPO, said one source.

Some consortia have expressed interest to take between 10% and 30% stake in AIA, said the sources interviewed.

These have however said AIG is focused solely on an IPO while strategic investors do not constitute a decisive element of the process.

The press had previously cited the names of China Life Insurance, Ping An, Cinda Asset Management Fosun Group, Hony Capital and Alibaba.com among potential suitors for a strategic stake in AIA.

AIG should be mandated Citigroup, Deutsche Bank, Goldman Sachs and Morgan Stanley as international coordinators of the IPO of its subsidiary, had previously been learned from several sources.

Generally the interests sold before the IPO are priced downgraded which is then used to refer to that of the IPO.

Such a transaction could facilitate the sale of the remaining capital from traditional institutions and funds.

If the proposed IPO of AIA is realized, it could be the largest ever conducted on the Stock Exchange of Hong Kong and would allow AIG to repay a portion of public funds injected into the U.S. insurer in 2008.


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The PMI manufacturing index for the euro area rose slightly

Tuesday Aug 3, 2010

The growth of manufacturing in the euro area picked up slightly in July, thanks to the dynamism of the sector in Germany, show the final results of the monthly survey Markit.

The PMI final Markit purchasing managers stood at 56.7 against a flash estimate to 56.5 and 55.6 in June

So the tenth straight month that the index is above the 50 mark that separates growth from contraction in activity.

"It seems that the improvement is reflected in the PMI in the euro area in July is almost entirely due to an acceleration of growth in Germany," said Chris Williamson, chief economist at Markit.

The component output rose to 58.7 in July, up slightly from the initial estimate of 58.3 and 57.2 higher than the figure for the month of June

The employment rose to 51.1 against 50.4 in June, the highest since May 2008, again due to improved labor market in Germany.


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The euro remains in decline after the stress tests of banks

Saturday Jul 24, 2010

The euro briefly cut its losses against the dollar on Friday but has subsequently resumed its downward trend, while seven out of 91 European banks have failed this test of strength which they were submitted.

The Committee of European Banking Supervisors (CEBS) announced that five Spanish banks (Civica Cajasur, Unnim, and Espiga Diada), a Greek bank (Atebank) and Germany's Hypo Real Estate had not been able to maintain a ratio of Tier 1 financial stability of at least 6% in the worst case scenario used.

After an increase to 1.29 per dollar, the euro fell to 1.2845 dollars (-0.43%) to 4:25 p.m. GMT.

Last month fears about the debt crisis of the euro area and its effects on banks in the region had led the euro to its lowest level since 2006 at least $ 1.19. Since the European currency has recovered to slightly above the threshold of $ 1.30 earlier in the week.


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The Paris Bourse opens up, leading technology

Wednesday Jul 14, 2010

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.


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Air Liquide Completes Acquisition of H-Plus SMS in South Korea

Thursday Jul 8, 2010

Air Liquide announces it has completed the acquisition of South Korea's H-Plus SMS.

This company provides carbon monoxide and hydrogen by pipeline to Yeosu in the south. It has a total capacity of 60,000 m3 of hydrogen and carbon monoxide per hour, said in a statement Air Liquide, which does not specify the amount of the acquisition.


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EC gives green light to buy Volvo from Geely

Tuesday Jul 6, 2010

The European Commission approves acquisition of Volvo by Ford Motor by Chinese carmaker Geely Holding Group and the group of public investment Daqing.

The European Commission said in a statement that after investigation the transaction does not have significant problems of competition.


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The World received two takeover bids

Monday Jun 21, 2010

The World Group announced Monday it had received two takeover bids and a mark of interest.

The first offer comes from the CEO of the Nouvel Observateur allied to the Spanish group Prisa and France Telecom, the company said in a news release.

The second offer from a consortium of philanthropist Pierre Berge, the banker Matthew and businessman Xavier Niel.

The "expression of interest" from the Multimedia Group income.

The Le Monde group added that its supervisory board would nominate a candidate June 28

General meetings of company personnel who have a veto are scheduled for 24 and 25 June


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The National Assembly valid Plan aid to Greece

Tuesday May 4, 2010

The National Assembly passed the night of Monday to Tuesday, the French plan for emergency aid to Greece, 16.8 billion euros in bilateral loans over three years, of which 3.9 billion in 2010, A total of 110 billion announced Sunday by the EU and the IMF. Unusually, the UMP and the Socialist Party voted together for the loan at 5% for the financial rescue of Greece. Only members PCF and the Left Party, and Nicolas Dupont-Aignan (Arise the Republic, former UMP), voted against.

The bill amending finance (Budget Act) was passed by show of hands without amendment, after an evening of discussion. The text is now starting a shuttle to the Senate for final approval, probably Thursday. France, like other European countries and the IMF, must move fast to fight against market speculation on the Greek debt.It also requires Greece to honor the time for repayment of its debt on May 19 The contribution of France represents 20.7% using the EU (80 billion euros, plus 30 of the IMF, ie 110 in total). This contribution has been multiplied almost by three this weekend at the meeting of economic ministers of the euro area.

In his speech to the Assembly, the Minister of Economy Christine Lagarde said she would be "extremely vigilant" about the implementation of austerity measures taken by the Greek government in return for the aid plan concluded Sunday Brussels (deletion of the thirteenth and fourteenth month in the civil service, VAT increase, decrease in the departure of the retirement age …). "It is not a gift or grant. It lends at a rate of about 5% fixed rate," said the minister.

Read also: aid to Greece, the best deal from lenders

"To discourage speculators"

Unsurprisingly, the UMP has fully supported the government: "It is a plan whose scope will help deter speculators," said the spokesman for the UMP for the Budget, Jerome Chen, welcoming the first major policy decision of the euro area ".

Even more rare, the Socialist Party (PS) also voted with the government and his majority: "I do not support the government, I support Greece and I support the euro. We're not there in a left-right debate We're here in a European debate and policy debate, "said the former first secretary of the PS, François Hollande.

The spokesman Benoit Hamon PS, which is not a member, however, said that his party voted "aid to Greece but not the austerity plan" imposed on the Greeks.PS The President of the Committee on Finance, Jerome Cahuzac, and other elected officials have also asked for a rate of 5% too high for them: "We made a little profit on the backs of the misery of a people "(Christian Eckert, PS).

Facing the CPF and twenty deputies Left Front voted against the plan, "because it comes with creditors who have put Greece in a terrible situation by extending loans at high rates ( Jean-Pierre Brard).

On the right, Nicolas Dupont-Aignan (Arise the Republic, former UMP) also voted "against the false rescue plan that has any plan to scuttle". He believed that the austerity imposed on Greece would "kill" save this country without the euro, calling for the release of the single currency Athens.


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