BBVA, Spain's second largest bank, announced Thursday a 34.8% drop in net profit in 2011 as a result of provisions for impairment of its property assets and exceptional charge .
Its net income amounted to three billion euros, a result set back from the expectations of 3.18 billion, according to a Reuters poll of 11 analysts from financial.
The amount of its bad loans declined slightly to 4% of all of its claims, against 4.1% in September.
Carrefour Friday categorically denied press reports suggesting the replacement of its CEO Lars Olofsson, but according to a source familiar with the matter, George Plassat, Vivarte boss, has been recently approached and declined the proposal.
Georges Plassat, CEO of owner signs Andre Minelli or Kookai, was approached by the shareholders of Carrefour and declined the offer this month, said the source told Reuters.
"It has been proposed and he said 'no'.It was during November, "said the source.
"There is still no candidate to succeed Lars Olofsson."
Le Figaro wrote in its Friday edition that George Plassat was approached to lead Carrefour.
"It is courted for months by the main shareholders of Carrefour," the newspaper said.
"He refused the post of CEO before the summer because it was hard to find a successor to lead Vivarte (…) More and more interested in a challenge to his position, George Plassat has not closed yet the door to negotiations. On the contrary, "continued the newspaper.
The major shareholders of Carrefour are the fund Colony Capital and Groupe Arnault, the family holding company LVMH CEO Bernard Arnault.
While specialists are more likely to charge rates higher than the social security system, the government proposed a reform that displeased both patients and physicians mutual. At Compiegne, for example, 8 ophtalmos charge consultation between 45 and 50 euros.
In the Oise, it is better not to be myopic, but to have a good mutual. Of the forty liberal ophthalmologists present in the department, only five do not require any extra billing their patients. Thus, at Compiegne or Beauvais, all of these specialists is "Sector 2": they have the right to request additional compensation. And they are doing so! At Compiegne, for example, eight ophtalmos charge consultation between 45 and 50 euros.Not to mention the 4 million French people who do not have each other.
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cities where it is not possible to be cared for and costs Safely
Of course, all specialties are not affected. Outside of Paris, the vast majority of general practitioners, nephrologists, radiologists, cardiologists, pulmonologists and pediatricians are still an area that is to say they respect the social security rates. But in other specialties, the situation is getting worse. According to the latest figures released by Medicare, 56% of dermatologists who have opened an office in 2010 settled in Sector 2, 54% of gastroenterologists, 63% of ophtalmos, 82% of gynecologists, 84% of ENT, or 87% of surgeons.
Wall Street opened the session down Tuesday in response to the announcement of lower growth than expected in the third quarter in the United States.
The growth of gross domestic product (GDP) was U.S. lowered the third quarter to 2.0% annualized, according to the second estimate published Tuesday.
These figures are "in line with the general economic malaise that we see in the world," said Michael Mullaney of Fiduciary Trust.
In early trade, the Dow yielded 0.24% to 11,519.15 points.
Germany will maintain its influence within EADS, the liberal FDP members of the ruling coalition have raised their opposition to a takeover by the state shares of the aerospace group that Daimler is seeking to sell.
The automaker, which holds a 15% economic interest in EADS and 22.5% of the voting rights, is seeking a buyer for part of its participation.
In return for the lifting of the objections of the FDP, the German state will sell stakes in other companies such as Deutsche Post and Deutsche Telekom, it was said.
The reversal of the Liberal Democrats FDP, the CDU partner of Angela Merkel, will allow the state development bank KfW to buy half of the 15% held by Daimler in the European aerospace consortium.
A government source said that the automaker would retain the remaining 7.5% beyond 2013.
She said the issue of price has not yet been addressed and has no agreement is expected before July.
No one at Daimler, EADS or KfW has agreed to comment on the report.
EADS is governed by a shareholders led by the French Lagardère and Daimler.
Interest rates Italian debt to 10 years have passed the psychological threshold of 6% to 6.06%. Concerns focus on capacity from Rome to take charge of its massive debt of 1,900 billion euros. Asian stock markets closed sharply down Monday, August 8, 2011. The Tokyo Stock Exchange lost 2.9%, Shanghai 3.79%, Sydney 2.9%, 3.82% Seoul, Hong Kong 2.11%. The Bombay Stock Exchange, she fell to its lowest since 2010 (-3%).
The cost of financing the huge debt of Italy also rose Friday on the issue of 7.935 billion euros of bonds and long term, despite the Europe Agreement in an attempt to stem the debt crisis , announced the Bank of Italy.
Put into a corner by its European partners, the Italian prime minister Silvio Berlusconi has also pledged to adopt by November 15 a plan of action to boost growth and reduce debt. But investors, who doubt the credibility of a government weakened and divided, are still not reassured by Italy with a huge debt reached about 1,900 billion euros (about 120% of GDP).
Bratislava voted in favor of strengthening the European Financial Stability Fund (EFSF) in a second vote. This is the last country to have approved. Slovak Prime Minister Iveta Radicova and President of movement Freedom and Solidarity (SaS) Richard Sulik in negotiations for el parliamentary vote of expanding the EFSF on 10 october 2011.
The Slovak Parliament approved on Thursday the strengthening of the European Financial Stability Fund (EFSF) in a second vote, allowing the entry into force of this instrument. Slovakia, which was the last of the 17 member countries of the euro area to vote, had a first vote Tuesday rejected the strengthening of the EFSF.
Bratislava's contribution is 7.7 billion euros in guarantees from the state.Of the total 147 deputies present, 114 voted in favor of the safety net for countries in financial difficulties, including Greece heavily in debt. Thirty voted against, three abstained. The first vote, negative, Tuesday evening, due to the refusal of a small party in the coalition to approve the building of EFSF, caused the collapse of the coalition and the fall of the government of Prime Minister Iveta Radicova who had of this vote a matter of trust for his cabinet.
After the failure of this first vote, the opposition Social Democratic Party (Smer-SD) reached an agreement with three parties in the coalition government, totaling 119 seats out of 150, to approve, in exchange for early elections strengthening the EFSF in a second vote. Thursday, Parliament gave the green light to the early elections March 10, 2012.
Without a unanimous agreement of the 17 member countries of the euro area in its building, the EFSF might be maintained in its old form, with limited capacity for action to help states avoid bankruptcy. Worried, the EU asked Wednesday to Slovakia to promptly approve the strengthening of EFSF, emphasizing its importance "crucial" for the euro area.
The trade deficit of France in August fell to 4.967 billion euros from 6.363 billion euros (revised) in July, the implementation of major aerospace contracts, causing a sharp rise in exports, according to data CVS / CJO published Friday by Customs.
Five economists polled by Reuters on average expected a deficit of 6.2 billion euros, with estimates ranging from -5.7 to -7.0 billion.
The deficit for July was announced in early September to 6.460 billion euros.
"Deficit reduction is entirely due to the transport sector," reads the statement.
The accumulated balance in the trade balance since 1 January amounted to -48.560 billion euros, against -33.184 billion in the first eight months of last year.
Exports FOB data CVS / CJO came out to 37.420 billion euros in August against 35.265 in July.
Imports rose to 42.387 billion euros from 41.628 billion in July.
In August, France sold its 16 Airbus reported 1.345 million euros against 20 in July to 1.183 million.
The Franco-Belgian bank Dexia will not split, it will retain the same ownership structure and does not leave the job of local government financing, said its director general in the Belgian financial daily L'Echo.
According to Le Figaro in its Saturday edition, the Deposit, the Postal Bank and Dexia negotiate the creation of a new public to fund local governments, which would allow Dexia to reduce its balance sheet.
"There is no plan on the table to split Dexia. I remind you also that the ownership structure is the Franco-Belgian.No modification of this is planned, "said Pierre Mariani in The Echo.
"Finally, I wish to emphasize that we have no intention of leaving the job of local government funding," he said.
He confirmed that the Board would take place Tuesday but warned that no announcement was expected the outcome.
The French daily Les Echos wrote Monday that Dexia would be willing to sell 20 billion euros of assets to restore its finances.
Like the rest of the banking sector, Dexia shares rose sharply Monday at noon.At 13:20, she progressed from 7% to 1.40 euros while the European sector index. SX7P> took 4.8%.
Bank stocks have statements by monetary authorities and governments that have reported this weekend that they were ready to support them if necessary.