US & World News

America Movil, the phone giant owned by Mexican billionaire Carlos Slim, said Thursday it will buy the California-Simple Mobile to expand its market presence ; American.

This is the second external expansion of the group within days.

Simple Mobile is a mobile virtual network operator, with more than one million subscribers. In March, the number of subscribers of Tracfone, the U.S. subsidiary of America Movil, reached just over 20 million.

America Movil, the leading provider of mobile services in Latin America, announced Tuesday its intention to increase its stake in Dutch KPN to 28%, thus taking hold in Europe as part of a transaction of more than 2.5 billion euros.

So what exactly is a no teletrack cash advance? It is a cash advance that requires no lengthy faxing of documents and is designed to tide you over in between pay days when cash is particularly tight.

Euro Disney announced on Monday a net loss deepened and reduced its EBITDA margin in the first half 2011-2012 as a result of costs for its 20th anniversary festivities.

The operating company of Disneyland Paris has improved one percent of its revenue from tourism activities for the period of increased spending by visitors to its parks, despite a decline in attendance.

The group reported in a statement to a net loss of 120.9 million euros in the first half 2011-2012 (October-March) against a loss of 99.5 million, with EBITDA margin reduced to 0.3% against 4.5%. 

Its total sales down 0.9% to 552.4 million euros within the scope of the reduction in its property development activities and lower revenues from its hotels which the occupancy rate fell by 3.6 points to 79.8%.

Rolls-Royce said Friday it was on track to post strong growth this year, continuing to capitalize on the need for airlines to have had less intensive ké ; Rosene.

The British group, second largest manufacturer of aircraft engines behind General Electric, said the year had started well for him and confirmed its objective of significant growth of beneficial fice in the civil aviation and space.

"For the full year, the group still expects good growth in turnover and profit, excluding exceptional circumstances and with a cash flow to roughly ; s at equilibrium, as we continue to invest in future growth, "says Rolls-Royce said in a statement. 

Airlines around the world to equip aircraft models lighter to cope with soaring fuel costs, which, combined with European debt crisis weighs heavily on the sector.

They will acquire for about 2.7 billion euros of airplanes over the next 20 years to meet demand for flights to and from emerging countries, particularly in Asia, say aerospace giants Boeing and Airbus.

These forecasts highlight the growing demand for single-aisle aircraft like the Boeing 737 and Airbus A320. Some analysts 20,000 narrowbody aircraft of this type will be produced over the next two decades.

Rolls-Royce, which recorded an increase of 21% of its profits in 2011, has more than 5,000 engines on order, worth a total of 52 billion pounds (64 billion euros).

A new joint venture between Rolls-Royce and U.S. rival Pratt & Whitney to be officially established this year. It must develop the next generation of engines for medium-range single-aisle.

At 10:45 GMT, action Rolls-Royce lost 0.29% to 856.50 pence, but it earns about 16% since the beginning of the year.

The British group is expected to announce a pretax profit of 638 million pounds (786 million) in the first half of 2012, and 1.44 billion pounds (1.72 billion euros) on entire year, according to analysts polled by Thomson Reuters.

The priority given by the European Union to austerity should not be questioned even if the means of stimulating growth are in the focus of next week, has Monday said the German finance minister, Wolfgang Schäuble.

"Fiscal consolidation is not only necessary but is necessary for a specific purpose: to generate sustainable growth, which is the best way to generate employment" , he said during a joint press conference with the Spanish Minister of Economy, Luis de Guindos.

"The economic and fiscal consolidation is the first condition. If we now speak of growth, we must not understand this as a change of course. It would be wrong. Priority (for austerity) must remain, "he added, before holding that Spain was on track

… Referring …… French presidential election, he felt that his result would not call into question the European fiscal pact

.

Values ​​to follow Thursday at the Paris Bourse.

* EADS confirmed its target of delivering 30 A380s in 2012, despite a slowdown in the rate of production of this unit.

* Pernod Ricard has reported strong sales growth in nine months, despite a slowdown in the third quarter related to inventory reductions expected in France, and confirmed its annual financial targets.

According to its chief financial officer, Gilles Gobaert, April sales did not mark a change in the underlying trend in the first 9 months. He said that Pernod remained open to small acquisitions "tactics".

Pernod Ricard has signed a multi-currency revolving credit facility of EUR 2.5 billion with a pool of 25 banks, which will enable it to refinance debt related to the acquisition of Sweden's Vin & ; Sprit in 2008.

* Alcatel-Lucent has reported a deterioration in its margin in the first quarter, hurt by weak investment of telecom operators in Europe and the United States.

* Technip has published results up to the first quarter, again driven by strong investment of its customers, and reported a record backlog. 

* SAFRAN announced strong growth in quarterly revenue, supported by its commercial engine business, and reaffirmed its 2012 objectives and confidence for years to come given the trends observed ;'re in the market.

* DASSAULT SYSTEMS has been a little more optimistic for its annual outlook after quarterly revenue driven by growth in sales of new licenses and assumptions with more favorable exchange.

* Renault has announced a decrease of 8.6% of its turnover in the first quarter because of the European car market, but confirmed its forecast for the year given the growth registered abroad. 

* PPR has reported a net sales growth in the first quarter, driven by a brilliant performance of its luxury brands Bottega Veneta and Yves Saint Laurent, while FNAC showed a relative re ; resistance.

* Wednesday denied VIVENDI consider dismantling the group's activities after media reports suggesting the possibility of such a scenario.

Citing people familiar with the matter, the Bloomberg news agency reported earlier in the day that the conglomerate present in the telecom, media and Entertainment was considering an overhaul of its structure which could lead to a dismantling of the group. 

* Eramet, whose sales fell 10% in the first quarter, said its operating profit in the first half should be lower than in the first half of 2012 Due to the falling price of nickel and manganese.

* Gemalto announced it had registered a turnover of "record" in the first quarter 2012 with an increase of 9%, a performance that allows the specialist smart card to reaffirm its financial targets in 2012 and 2013 .

* Technicolor announced a turnover down 1.5%, a performance nonetheless considered "solid", saying the group can achieve its financial targets in 2012 despite restructuring charges e lifted. 

* KLÉPIERRE confirmed its 2012 targets after posting growth of 3.1% of its rents in the first quarter supported by the activity of shopping centers.

* MERSEN announced a turnover back to the first quarter of 2012, slowed by its solar division, which suffers from a market still at half mast.

* IPSOS confirmed its objectives for this year, following growth of 46% of its turnover in the first quarter, mainly resulting from the integration of Synovate acquired in July 2011.

The public deficit of Greece for 2011 amounted to 19.6 billion euros, or 9.1% of GDP. The public debt reached 355.6 billion euros, to 165.3% of GDP. The Standard & Poor's downgraded the long-term CC and C short term rating of Greece to SD (Selective Default). (REUTERS / Pascal Rossignol)

The public deficit of Greece for 2011 "is estimated at 9.1% of GDP, to 19.6 billion euros", said Monday the Greek Statistical Authority (Elstat) in a statement. "The Greek government debt for 2011 reached 355.6 billion euros, to 165.3% of GDP", according to this text. These figures are very close to the forecast contained in the budget of the country voted in December, which foresaw a deficit of 9% of GDP, against 10.6% in 2010 and a debt of 161.7% of GDP, against 144, 9% in 2010.  

"Greece has managed to reduce by two years the general government deficit of 6.5 points (…), which we will soon have primary surpluses," said Finance Minister Philippos Sahinidis, quoted in a statement. Mr. Sahinidis predicted in March that the deficit would amount to around 9.2% of GDP. First country affected by the debt crisis, Greece is subject to a strict austerity program to consolidate its public finances. This program, dictated by its creditors EU and IMF, was agreed in exchange for international loans and a debt restructuring that enabled the country in March, erasing about 105 billion euros.

"The need for continued effort to restore fiscal and financial recovery is the goal of next year (…), which will also benefit the Greeks" to justify "their sacrifices," said Mr. Sahinidis. According to budget estimates, the country targets a deficit of 7% in 2012 and a reduction of its debt to 145.5% of GDP after the restructuring. The Minister visited during the weekend in Washington, where he met with the Executive Director of the IMF, Christine Lagarde, on the sidelines of the meeting of the General Assembly of the organization and a ministers' meeting G20 finance.

"The discussion with Ms. Lagarde was held in a positive atmosphere. We have addressed the issue of recapitalization of banks in Greece after the successful restructuring of debt of the country and the progress made in implementing the sanitation program of the economy, "said Mr. Sahinidis, quoted by the Greek news agency, Ana (semi-official). "Today there is greater optimism about the country's exit from the crisis," added the Minister.

An amount that includes the 240 billion aid from Europe and the IMF, 100 billion debt erased by private creditors, and 40 billion euros of EU funding. In other words, Greek 33,600 euros per capita. Here, anti-austerity protesters in Parliament in Athens on 7 February 2012.

The assistance provided to Greece to prevent it from falling into bankruptcy amounted to a total of 380 billion euros in the form of loans, are injected directly and debts erased, said Wednesday the European Commission in a statement.

This includes the 40 billion euros of EU funding in 2007-2013 for Greece. In addition, there are 100 billion euros of debt that the private sector has agreed to remove and 240 billion euros of state aid provided by the EU and the International Monetary Fund. This corresponds to 33,600 euros per capita Greek, and 177% of gross domestic product of Greece, says the European Commission, who made a point Wednesday on its proposals to boost growth in the country.

Brussels reiterated its plans to use European funds to help support the Greek SMEs and youth employment. The Commission has 4 billion euros to help businesses. She also wants to focus on better control of public finances and a recapitalization of banks to support lending to individuals and businesses, particularly SMEs.

The Commission has a mission of experts ("Task Force") which together with the Greek authorities to implement the reforms necessary to resolve the crisis. Around the task force, member countries of the Union offer their expertise to help Athens to complete his reforms.

The Italian government expects an economic contraction slightly less than 1.3% in 2012, said Monday the Secretary of State for Economy Gianfranco Polillo.

On an Italian television channel, he said that the macroeconomic forecasts of the government may be revised at a meeting Monday night and approved es Wednesday.

The previous government forecast for 2012, conducted last year, had forecast a contraction of 0.4%.

The Bank of Italy has scheduled its next down 1.5%, -1.3% the European Commission and the Italian employers' organization Confindustria -1.6%.

The blacklist of tax havens in 2012 was reduced to a trickle, from 18 to 8 members this year. The government is attacked for its laxity. The headquarters of the Cayman National Bank in George Town. The Cayman Islands belong to the core of tax havens.

The list of states considered by France as uncooperative in terms of transparency and exchange of tax information has been updated for 2012.

Surprised, she has been drastically reduced: exactly eleven states have been removed (Anguilla, Belize, Costa Rica, Dominica, Grenada, Cook Islands, Islands and Caicos Turkey, Liberia, Oman, Panama, Saint Vincent and the Grenadines have been removed from this list) for a single added (Bostwana). Among the endless extras, we can see Brunei, Marshall Islands, Montserrat, Nauru, Niue Island, or the Philippines.  

In total, in less then ten states listed on French blacklist of tax havens. The withdrawal was decided, either because these countries have concluded with France a bilateral agreement to exchange any information necessary for the application of their tax law, or in reciprocal because the Global Forum on Transparency and Exchange of Information in Tax Matters (OECD) has removed himself from the list.

Sometimes this can lead to some contradictions, as in the case of Costa Rica came out of the French list, even as the World Forum reminded last week that "the law might hinder the effectiveness of exchange of information ".

"A sustained vigilance"

Asked about this issue by Nicole Bricq, general rapporteur of the Finance Committee of the High Assembly, Valérie Pécresse has ensured that the states concerned were subject to sustained vigilance. "The challenge for the coming years was to put the agreements under vigilance" has justified the Minister of Budget. Before insisting: "I think we should be very firm on the implementation of agreements." But Valérie Pécresse admits, some countries with which France has signed agreements are still experiencing "pain points" in the image of Switzerland. Recently a delegation of Bercy was sent to Geneva to say that the implementation of the agreements was not satisfactory.

According to figures released by the Ministry, 77 000 French bank accounts abroad were identified in 2010, three times more than in 2007. Ms. Pécresse also said that tax audits had reported 16 billion euros in 2010, "1 billion more than in 2009," did she congratulated.

An enthusiasm not shared advocates the fight against tax havens. According to the NGO CCFD-Terre Solidaire (Catholic Committee against Hunger and for Development), at least 20 billion euros each year would continue to escape the budget of the French government because of tax evasion. In a report last October, the NGO also points out that according to the Tax Justice Network, it is not 8 but 54 states in the world who cultivate a "high degree of financial opacity", nearly a quarter countries of the planet should be placed on the gray or black list.

Specifically, the inclusion on the blacklist French is not trivial for states. For businesses located there are heavily taxed by France. The rate of withholding tax on passive income (dividends, interest, royalties) are 50% when they are poured into an entity present in the territory uncooperative. In addition, certain provisions of the parent-subsidiary regime are removed as the exemption of 95% of corporation tax on dividends paid by a subsidiary to its parent.

American values ​​have increased their decline Wednesday in the second closing in the red as investors begin to consider the prospect of a world stock market would no longer be supported by programs Recovery of central banks.

The Dow Jones has sold 0.95% or 124.80 points to 13,074.75 points. The Standard & Poor's, wider, yielded 1.02% (14.42 points) to 1,398.96 points while the Nasdaq composite fell back to 1.46% (45.48 points) at point

3068.09

This decline comes despite better than expected figures for employment in the private sector. According to ADP monthly survey, the private sector created 209,000 jobs in March in the U.S., against 200,000 expected.

But what continues to attract the attention of investors is that, in the last monetary policy meeting of the Federal Reserve of the United States, only two members its monetary policy committee felt that other measures could be necessary if the economy weakened or if inflation remained at a low level during a pe ; prolonged period. 

Support measures implemented by the U.S. central bank was the main catalyst for a jump of 30% recorded by the S & P 500 since October, although improving conditions in the United States, as reflected by the indicators, also played.

A REASON TO LOWER

"The biggest support for the economy and financial markets for the past two years has been the (financial) support and without it, you always wonder if the economy can stand by themselves, "said Bruce Bittles, head of investment policy at Robert W. Baird & Co.

Some investors, such as Cummins Catherwood, in Boenning & Scattergood, however, believe that we should not over-interpret the decline. He stressed that the market needs a reason to consolidate after its sharp rise and the bottom panel, even if not very exciting, is at least solid.

Values, General Electric, Heavyweight Dow Jones fell 1.1% to 19.74 dollars. Moody's downgraded the rating of Aa2 to Aa3 conglomerate. The note of its financial subsidiary, GE Capital, has also been lowered a notch.

Sandisk has fallen by over 11% to 44.51 dollars. The manufacturer of flash memory has reduced its forecast for sales in the first quarter, citing lower demand than expected from the manufacturers of mobile handsets and pricing conditions unfavorable.

McDonald's ended down 1.9% to 97.48 dollars. Goldman Sachs has released the value of its conviction buy list and lowered its price target to $ 110.

Side increases, AIG ended with a gain of 5.3% to 32.52 dollars. According to CNBC, AIG could launch in the second quarter IPO of the subsidiary ILFC aircraft leasing Holdings.