US & World News

JCDecaux has significantly exceeded expectations in the third quarter, posting a sales growth almost twice the stated goal, boosted by its transport division and the dynamism of France.

World number one outdoor advertising company in front of the U.S. Clear Channel Outdoor, has for the first time provided a forecast for the full year, saying rely on organic growth of about 5% of its turnover .

"The current economic uncertainties lead us to be cautious," said Chief Executive and Co-CEO Jean-Francois Decaux, in a statement, while the group's growth stood at 6.7% in the first nine months of the year .

Alstom said on Friday plan to establish up to two production sites offshore wind in France if the consortium to which it belongs is held in satisfactory conditions at the end of the call for tenders launched in July by the government.

These two production of components and assembly of offshore wind turbines six megawatts – one in Saint-Nazaire (Loire-Atlantique) and one in Cherbourg (Manche) – could generate up to 1,000 direct jobs and 4,000 indirect jobs, the group argues in a statement.

The specialist in energy infrastructure and transport is part of a consortium of six companies led by EDF Energies Nouvelles, which also includes Dong Energy Nass & Wind Offshore, Offshore wpd Poweo and ENR.

Alstom is prepared to invest up to 100 million euros in these two sites "if the consortium is selected at a level that ensures a critical industrial scale."

The project, covering a total capacity of 3,000 megawatts (MW) in five areas, corresponding to half the target set by the government to install 6,000 MW offshore by 2020, equivalent to almost four times the power of a nuclear reactor EPR.

GDF Suez, together with Vinci and Areva, are part of a rival consortium.

Candidates have until January 11, 2012 to submit their bids. They will be screened in April 2012 and retained permanently in 2013.

G20 countries Thursday put the finishing touches on a concerted action plan to try to put the global economy on the path to a sustainable and balanced growth and discussed the possibility of increasing IMF resources to help countries reeling from economic shocks.

According to a draft final statement dated November 2, they should agree at the end of their summit in Cannes on the need for countries with high deficits to put their finances straight and for those who have surplus boost domestic demand.

As part of this plan, Italy, which is in the eye of the storm of the European crisis, promise to reduce debts and deficits (see) to quickly bring in 120% from 2012 in its public debt of national wealth."There is a broad consensus on the need for additional financing (…) We will work on it tonight and tomorrow," she said.

PASSAGES IN WHITE

If the passages devoted to IMF resources and currency remain white, indicating that these issues are still debated, the draft final communique is also no real surprise.

Given the risk of future crises, the G20 leaders are considering a proposal to create a new credit facility in the short term the IMF to help countries that are virtuous face of exogenous shocks ().

The Director General of the World Trade Organization, Pascal Lamy, on Wednesday approved the holding of a referendum in Greece on the rescue plan passed by the Europeans. All the latest news. Greek Prime Minister George Papandreou announced the holding of a referendum in January in Greece, to check the public support for austerity plans adopted by the country.

9:56: "The Greek referendum can be won" according to Pascal Lamy.Interrogé France Inter on Wednesday morning, the Director General of the World Trade Organization has justified the holding of a referendum in Greece. On the one hand, it "is normal that the people decide." On the other hand, argues that it is not in "the interest of creditors dealer with a government" which may be weakened and not reversed its commitments. "Finally, he believes that" from what my friends tell me Greek, the referendum can be won.The Greeks are probably able to appreciate that this or something even worse. "He admits, however, that the collapse of the euro area is" not totally ruled out a possibility today. "

9:34: "China sincerely hopes the stability of the euro area and the euro," said Hu in an interview with Le Figaro on the eve of the opening in Cannes for a G20 summit, to be dominated by the issue of European sovereign debt. The Chinese president is silent, however, on specific measures that China could hang in helping Europe to solve this crisis, in particular its proposed participation in a relief fund for highly indebted countries.