"This transaction, when finalized, will be the largest order of civil aircraft in the history of Boeing, both in value and number of aircraft ordered," said a statement from the U.S. aircraft manufacturer.

He adds that the agreement with Lion Air, Indonesia's largest airline, also has rights to purchase 150 additional aircraft.

Boeing said that U.S. President Barack Obama will attend the signing ceremony for the purchase of 230 aircraft.

Like the A320neo from the A320, the MAX 737 is the version of 737 for fuel savings. The first copies should be delivered in 2017.

Nicolas Sarkozy left Paris Wednesday to Frankfurt where he is involved with German Chancellor Angela Merkel at a meeting to advance the conclusion of an agreement on the future of the euro area before the EU summit scheduled for Sunday, announced the Elysee.The President of the European Central Bank (ECB) Jean-Claude Trichet, his successor Mario Draghi, the Presidents Council and the Commission of the European Union (EU), Herman Van Rompuy and José Manuel Barroso, the Executive Director of the IMF Christine Lagarde, the finance ministers and French and German, Baroin and Wolfgang Schäuble, also participate in this "informal meeting" added the source.

All these personalities gathered in Frankfurt for a ceremony in honor of Mr. Trichet, who must leave office at the head of the ECB at the end of October. "No statement is expected at the end of this working meeting," also said the French presidency.At a luncheon at the Elysee Palace with the centrist deputies, the president announced he was ready to move quickly in Germany in order to hasten the conclusion of an agreement in anticipation of EU summits and the euro area scheduled Sunday.

France hopes that the EFSF can be turned into a real bank, such that it can refinance directly with the ECB. The ECB and Germany are opposed to such provisions, which require amendment of the European treaties.Germany stands in contrast the idea of ​​a mechanism to ensure EFSF some of the bonds of troubled countries, to multiply by "leverage" its lending capacity, currently $ 440 billion euros, without the states have to increase their contributions.

First limited to Greece, the debt crisis is now spreading to other countries in the euro area and its banks. Spain has suffered a further reduction of its sovereign rating for the third time in less than two weeks, while Greece was paralyzed by a general strike. At a meeting with Merkel in Berlin on October 9, Sarkozy had promised "sustainable solutions, comprehensive and fast" to resolve the serious crisis in the euro area, in any case before the G20 summit scheduled in Cannes on November 3 and 4.

Vivendi's subsidiary is accused of several violations by the Authority of the 59 commitments made in 2006, some considered "essential", what prompted the regulator to decide on the first withdrawal of authorization in its history, plus a fine of 30 million euros.

The Authority one month left to the parties concerned to inform him of the operation again, which would be studied on a new basis.

"We will put everything flat.The authorization of 2006 no longer exists.We will discuss again all under the market situation today, "said Bruno Lasserre, President of the Authority, at a press conference.

The regulator could start by redefining the characteristics of the market affected by the operation, by drawing a border more or less clearly between the segments of pay television and free.

With a dominant position in pay TV, Canal + is a relatively small player in the free.

"There is no doubt that we will do a thorough review of this matter," whose outcome is likely to be one of two options: allow the operation by asking for new commitments to Canal +, or give a green light by imposing unilateral orders, said Bruno Lasserre.

Canal +, for its part that it would initiate action against that decision, saying it "is of course not possible to challenge a merger nearly five years."

The pay-TV may request that the State Council an interim order to suspend the regulator's decision, giving the necessary time to the State Council to rule on the merits of the case.

CONCESSIONS

The regulator's decision comes as the acquisition of a 60% of Canal + in the television division of the Bolloré group – which includes the general channel Direct 8 Direct Star and music, as well as advertising – is waiting for the green light authorities.

"Channel is clearly in a dominant position in the pay and instead abused.Now he wants to go in the free, "said one media analyst who declined to be named.

"I do not think that this decision will undermine the 'deal' with the GST or cancel Bolloré, but all this will lead to new commitments by Canal in both the paid and free."

Canal + has struck a blow in early September by announcing the takeover of two DTT channels free of Bolloré, a process seen by experts as a threat to TF1 and M6, and is expected to reshuffle the cards in the French media landscape .

If it is validated, the transaction would enable Canal Plus to have a total of three free channels on DTT counting i> Télé, making par with TF1, owner of NT1 and TMC, and distancing M6, W9 holder.

The subsidiary of Vivendi, however, could be asked of concessions by regulatory authorities, because the regulations up to seven the number of possible frequencies for the TNT group. However, the acquisition of Direct 8 Direct Star and bringing to eight the total channels of Canal +, not counting its draft free channel called Canal20.

Examination of the application and Direct 8 Direct Star will be done separately from that of the GST case, but delays are likely to be concurrent, around six months, said Bruno Lasserre.The Authority, he added, has not received any notification for the time of Canal + Group for the second file.

The statement came after the German banking association BdB on Wednesday cut its forecast 2.8% growth in the country for 2011, while the RWI Institute said that the risk of a recession had increased.

While the EU finance ministers meet Friday in Poland to discuss among others the debt crisis, Merkel reiterated her opposition to Eurobonds and felt that Europe should consider the possibility of intervening in the medium term to States that fail to meet their duty of fiscal consolidation.

At 9:13, the CAC 40 index takes 0.54%.

London rose by 0.4% and 0.3% of Milan, Frankfurt rebounds by 0.4% and the EuroStoxx 50 returned 0.46%.

Stoxx index of bank takes 0.53%.

Japanese Prime Minister, Naoto Kan, said Friday his resignation from the chairmanship of the Democratic Party of Japan (DPJ, in power) and his departure next week of the government. "Today (Friday), I resigned from my position as party chairman," he told MPs the DPJ. "Once a new president is elected, I will give up right away my prime minister and my government resign."

DPJ Secretary General Katsuya Okada, confirmed that the election of the successor of Naoto Kan will take place Monday morning. The winner will be elected prime minister, probably the next day by Parliament.In Japan, the president of the majority party in the Chamber of Deputies is assured of his appointment to head the government, even with a Senate controlled, as is the case today, by the opposition.

Fifth prime minister in five years, Naoto Kan, 64, elected in June 2010, finally threw in the towel after suffering for months attacks by the Conservative opposition, but also those of his own camp, to manage considered calamitous disaster of March 11. Fell to the lowest in the opinion polls, the leader of the center-left government is criticized for his hesitation and awkwardness face of disaster caused by the massive earthquake and the giant tsunami that devastated the coasts of northeastern Japan and caused a very serious nuclear accident at the plant in Fukushima.

Finance Minister Seiji Maehara to favorite Estates

In early June, Mr.Khan had promised to leave office after the Parliament had passed three bills close to his heart. The law on a supplementary budget for reconstruction in the affected areas was passed in July, and the two other texts, on the issuance of bonds to complete the budget and the development and use of renewable energy were adopted Friday.

"Today, important laws were passed. On June 2, I thought I'd pass the baton to a younger generation. The conditions are all met," he said. Referring to his record, Naoto Kan has acknowledged that there had been "very hard times." "I think I did what I had to do in very difficult circumstances," he added.

Among the favorites to succeed him include former foreign minister, Seiji Maehara, 49, the most popular with the Japanese in the polls, and the current finance minister, Yoshihiko Noda, 54, a supporter of increased the consumption tax, currently set at 5%. If elected, Seiji Maehara, who is on the other hand opposed any tax increase, will become the youngest Japanese prime minister since the Second World War.

This time is the right one? For years now that the tax on financial transactions is discussed in Europe, the leaders of the euro area has never been convincing. Tuesday night, Nicolas Sarkozy and Angela Merkel said they would suggest that the European Union in September of a tax on financial transactions, "an obvious need" according to the German Chancellor. The two leaders did not specify the terms of this measure, but the French Minister of Economy, Baroin, and his German counterpart, Wolfgang Schäuble, confirmed to be working earnestly on the subject.The tax is "the subject of extensive work with the German Ministry of Finance," according to Bercy.

Many critics and fuzzy terms

For several months now that the European Commission relaunched the idea of ​​a European tax on financial transactions, which, if it was fixed between 0.01% and 0.001% of the transaction, would yield between 30 and 50 billion euros per year. MEPs had then voted by a large majority (529 for, 127 against). A tax as proposed by the Commission could fund the EU budget to alleviate the contributions of member states.

But this tax, partly designed to limit speculation, is not without its critics. Too easily circumvented, too complicated to implement, too risky …since its development in the late 70's by the economist James Tobin tax on financial transactions is routinely ostracized, especially by its critics assert the impossibility of setting up a different scale than the global . In fact, if the tax does not apply to all financial markets, it may benefit those who do not have adopted and which will recover, de facto, the flow of transactions. A warning given recently by the ECB President, Jean-Claude Trichet, who said that "a tax imposed in Europe and not elsewhere would result in a significant loss of activity for Europe."

London reservations

But this time, Brussels is certain, the project is expected to reduce the risk of outsourcing transactions with a plate large enough to avoid trade-offs between financial products.Arguments that clearly did not echo long-awaited in the British, the most resistant to the device. "The government will continue to conduct discussions with international partners (…) but otherwise the relevant transactions will simply move to countries that do not apply," he said including a spokesman for the UK Treasury Wednesday. But without the agreement of the United Kingdom, impossible to adopt the draft. Even the Berlin admits the tax on financial transactions should apply to the 27 EU members, assured the spokesman for the German government. According to the Irish Minister for Finance, the tax would ultimately very unlikely to achieve unanimity among member states."There will be many objections from countries with strong financial services sector, such as Luxembourg, the Netherlands, and even Paris," he argued.

Markets do not believe that half

Little appreciated in the early morning by the financial markets, this proposal was eventually discredited quickly by banks and stock traders who were quick to report their skepticism about the project. The association of German cooperative banks BVR, quoted by Reuters, said for example that the tax would fail to restore stability in the markets if it concerned only the euro area. "In the end, the financial sector has not suffered the ad simply because nobody believes," concludes one analyst Saxo Bank.

Economists expect the third world economy sketch a rebound from July to September, with probably the growth rate the highest in developed countries, as exports and industrial production will return to their levels before the earthquake and tsunami that devastated the north.

According to official figures released Monday, the gross domestic product (GDP) fell 0.3% in the second quarter, after 0.9% from January to March.Economists on average had expected a contraction of 0.7%.

On an annualized basis, the economy contracted by 1.3%, while economists expected a decline of 2.6%.

These figures better than expected boosted the Tokyo Stock Exchange, which in turn took the road to recovery from the European and U.S. markets late last week with a gain of 1.37% for the Nikkei.

However, the impact of the debt crisis in the euro zone on global growth might deprive Japan of export opportunities they need to start from the front, while pushing up the yen, safe haven, which will complicate doubling the equation for exporting companies.

"The economy will show a recovery in the shape of 'V' between July and September when supply chains are recovering and will help boost exports," notes Yoshiki Shinkai, economist at Dai-ichi Life Research Institute.

"But the momentum will weaken from October to December with the slowdown in the pace of recovery in external demand, even if (GDP) will not fall back into contraction.In fact, it is even possible that the global economy begins to sputter. "

Restocking AND PUBLIC INVESTMENT

In this context, the Japanese Minister of Economy Kaoru Yosano urged the Bank of Japan (BoJ) to help save the recovery by maintaining its strong liquidity injections and ultra-accommodative policy.

"We will closely monitor the impact that Japan's economy on the rise in the yen and the increasing uncertainty about global growth," he told reporters.

The yen, buoyed by the weak dollar, has appreciated by about 5% in just one month, approaching its historic high of 76.25 yen to the dollar, a level not taken into account by companies Japanese to build their profit forecasts.Around 0930 GMT Monday, the greenback was trading at 76.85 yen.

In the second quarter, the Japanese economy has performed better than expected thanks to the restocking of business and higher public investment, since the first six quarters, as part of the reconstruction effort.

Consumer spending, which accounts for 60% of the economy, fell 0.1% from April to June, down less than expected in favor of special items such as the transition to digital television that fueled TV sales.

But external demand – net exports – have reduced GDP by 0.8 percentage point, the disaster of March 11 that prevented some manufacturers deliver their products outside the archipelago.

And some analysts see the slow growth in business investment spending (+0.2% against 0.5% expected) a sign of their distrust of uncertainties about the economy.

Bercy has "formally" denied rumors Wednesday of degradation of the French debt rating by a rating agency that led to a new collapse of the entire stock market. "These rumors are totally unfounded and the three agencies Standard and Poor's, Fitch and Moody's have confirmed that there was no risk of degradation," it was stated in the entourage of the Minister of Finance Baroin.

Rating agencies Moody's Investors Service Inc.., Standard and Poor's Corp.. Fitch Ratings and have in fact all three confirmed Wednesday the sovereign debt rating of triple A with a stable outlook they attribute to France.Fitch confirmed the note on May 31 and S & P, December 23. Moody's does not usually confirms his notes.

"It's totally false", it was stressed the same source, when asked about the rumors, which also claimed that this is why French President Nicolas Sarkozy interrupted his holiday to hold a crisis meeting at the Elysee Palace . After the meeting, the Head of State said that new measures to reduce the deficit will be announced on August 24.

European shares are down sharply divided Wednesday, two hours before the close, led by falling bank stocks as a result of new concerns fueled also by the situation in Greece and the decline of Wall Street opening. The New York Stock Exchange opened sharply down Wednesday also unable to continue the strong rebound yesterday.In Paris the CAC-40 plunged almost 5% hit by bank stocks.

In an interview with Reuters Insider, David Beers warned that the rating agency would closely monitor whether the U.S. Congress is at what he has committed.

S & P on Friday denied the United States of the note "triple A", giving them now rated AA + coupled with a negative outlook.

David Beers reiterated that there was at least one in three chance that the U.S. sovereign rating is lowered again within 6 to 24 months.