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Boiron action has been suspended from trading Monday at the opening of the Bourse de Paris at the request of laboratory specializing in homeopathy, and professionals do not exclude the announcement of a capital transaction can go up at delisting.

A spokesman for NYSE Euronext Paris announced that Boiron had requested the suspension pending the publication of a statement.

In Boiron, it was confirmed, without giving further details, a release would be issued shortly.

"An operation on capital does not really surprise me. It is even possible that the Boiron family, which controls, decides a delisting," said one analyst who requested anonymity."They do not communicate," he adds.

After the publication of its interim results and announcement of investments that have surprised analysts, the stock dropped from 7.59% last week and closed Friday at 25.35 euros.

At December 31, 2009, the family group Boiron held 49.75% and 57.47% of the capital of voting rights.

The Pierre Fabre group held 16.32% of capital, 29.65% were in the audience.

The irritation expressed Tuesday by the Japanese government to face the rise of the yen was not enough to stem the surge in the yen, which hit new highs against the dollar and euro.

Japanese Prime Minister, Naoto Kan, said he wanted to think about measures to curb the yen's appreciation, taking into account, among other factors, the result of a meeting of central bankers, reported the Jiji Press.

It did not specify which meeting he was referring but central bankers must be found from Thursday to Saturday in Jackson Hole, in the U.S. state of Wyoming.

The Japanese Minister of Finance, Yoshihiko Noda, said his side to the press that Japan would act appropriately to currency movements on the basis of statements of the G7.

Last October, members of the Group of Seven had said currency movements were erratic and excessive negative implications for economic stability and would cooperate as appropriate in this area.

NEGATIVE IMPACT ON THE ECONOMY

The Minister of Finance has used a rhetorical firmer, ensuring close look at the evolution of exchange and believing that recent developments were clearly "unfair".

"The excessive and disorderly developments of the currency could have a negative impact on the stability of the economy and financial system," he said.

The markets have nevertheless interpreted his refusal to comment on a possible intervention as a sign that Japanese authorities are not yet ready to act, pushing the dollar to a new low of 15 years against the yen at 84.34 yen on the platform EBS transaction, and the euro to a nine-year low around 106.14 yen.

"The market will test the ability of the Japanese authorities to intervene, and, unless they take an actual decision, the dollar will move towards the 80 yen.The Japanese economy will suffer greatly, because American and Asian economies slow, "said Paul Robson, currency strategist at RBS Global Banking in London.

Since the beginning of the year, the yen has appreciated by nearly 10% against the dollar, penalized by the rising concerns about the strength of the recovery in the United States.

The Japanese authorities have repeatedly tried to control this increase, fearing that a strong yen would penalize exports and could weaken a fragile economic recovery.

But traders were skeptical about a possible intervention in the markets of Tokyo, and further suggest that coordinated action with partners in the G7 seems highly unlikely.

However, an easing of monetary policy appears to be a possible scenario.

According to sources familiar with the matter, the soaring yen has slightly increased the chance until now very low, before an easing of monetary policy meeting scheduled for September 6 and 7.

But such an inflection remains far from certain because some officials of the Bank of Japan expect to have evidence proving the impact of the stronger dollar on the economy.

"The markets expect an attitude and a more determined response. But they just verbal intervention, and again," said Hiroichi Nishi, general manager of the branch shares in Nikko Cordial Securities.

The British finance minister George Osborne said on Tuesday the introduction of a tax on the assets of banks operating in the United Kingdom, while France and Germany support this measure and prepare to join, at he said.

According to Osborne, the tax on banks' balance sheets will bring the order of 2 billion pounds (2.4 billion euros) per year when it is applied completely. It is expected to set the tax rate to 0.07% with a discount of 0.04% in 2011.

Mr. Osborne, who presented his first budget since the May 6 election, noted that "the failure of banks has imposed huge costs to the rest of society", and was thus "fair" that they are contributing to the economy. "Some have argued we should wait for every G20 introduce such a tax."I think it is neither fair nor reasonable," he said.

A "fair share to reflect the risk" posed by banks

The minister said that "the French and Germans had joined the United Kingdom today by pledging to introduce a tax" on banks' assets."In a joint statement, he said, our three Governments undertake to ensure that our banks make their fair contribution to reflect the risk they pose."

Published on the website shortly after the British Treasury, the Joint Declaration of the French, British and German banking fees "covers much of the ideas raised by Paris and Berlin yesterday in a letter to Canadian Prime Minister Stephen Harper, G20 a few days in Toronto.

"In light of the agreement within the G20, that the financial sector expected to contribute immediately and substantially to pay for expenses associated with government intervention to rescue the banking system – (…) the French, British German and suggest introducing fees based on assets of banks, "said this particular statement.

"The UK tax is announced today, France will present the details of his in the upcoming budget (and) Germany has announced the general framework of a tax credit in late March and will present the bill to the summer, "recalls the text.

It ensures that those three charges "may differ from one another, to reflect economic conditions and tax systems differ from one country to another, but the level of tax take into account the need ensure an equal level of play "between countries, says he.

"The French, British and German want to see fully implement the ambitious program of financial sector reform, the G20 and they look forward to discussing these proposals further with their international partners in the G20 summit on June 24, concludes the text.

The French president Nicolas Sarkozy and German Chancellor Angela Merkel had written in the same direction on Monday Mr. Harper also requesting that consideration be put in place a tax on financial transactions.

Danone issued a first-half operating result slightly better than expected and has carefully noted the objective of sales growth for the full year, considering that the crisis would continue to weigh on European consumption.

The food group, which focuses on further development of emerging markets, now provides that its comparable sales will grow at least 6% when he was previously an increase of at least 5%.

He always bet on an increase in operating free cash flow in historical data at least 10% and stability of its operating margin in 2010 compared to 2009.

"We continue to invest in countries, products and brands with strong potential: Child Nutrition in Asia, fresh dairy products in the United States, Brazil, Russia, where Danone and Unimilk merger provides us with very significant growth opportunities long term, "said Franck Riboud, CEO of Danone.

In a statement, he confirms that water and medical nutrition, the group continues "to identify potential for growth in emerging markets and through new models."

At the same time, Danone has continued its efforts to improve productivity, says its chief executive.

The action Danone, with brands ranging from yogurts Actimel waters of Evian, lost 2.23% to 45.285 euros at 9:38, while the CAC 40 0.93% but took the DJ Stoxx European " Food yielded 1.13%.

Commenting on the first half, Francis Priest, CM-CIC Securities, believes they are "good bill" but noted that Danone "remains cautious on the S2 due to a persistently difficult".

The analyst believes that the decline of the title, which takes place in small volumes, reflects disappointment with the failure to raise the target group at the ROC, which the market had anticipated.

INCREASE IN VOLUME OF THE 2ND QUARTER 8.9%

On a comparable basis, the EBIT of Danone rose 2% on a comparable basis to 1280 million euros over the period January to June, showing a margin of 15.30%.His current net income was up 10.1% to 848,000,000 euros.

Turnover amounted to 4.386 million in the second quarter (+6.9%) or 8.364 million in the half. Excluding the effects of exchange rates (+7.0%) and changes in scope of consolidation (+0.1%), it grew 6.9% on a comparable basis in the second quarter.This organic growth is divided into volumes rising by 8.9% and a decrease in value by 2.0%.

Sales rose only 1.4% to 2,420 million euros in Q2 while they increased by 15.3% to 635 million in Asia and 15.9% in the rest of the world to 1331000 .

The consensus Thomson Reuters StarMine, the operating result was expected of 1.265 million euros (+5%) and turnover of 8.261 million (+9.8%), representing an operating margin of 15.3 %.

The fresh dairy products division, which represents 55% of sales in Q2, increased its sales by 6.6% to 2.436 million euros over the period. On the entire first half, the operating margin of this sector appears to 13.94% (-94 bps).The volume effect was positive at 9.3% but the negative value effect of 2.7% due to price reductions made in several countries, Danone said.

The division "Water" (19% of sales) has seen its sales grow by 4.8% to 828 million while its margin declined 75 basis points over the first half to 13.70%.

Sales of the "Child Nutrition" (19.5% of sales) rose 8.7% to 857 million (margin down 27 bps in the first half to 19.19%).

Finally, those of the pole "medical nutrition" increased by 10.8% to 265 million (margin decline of 86 bps to 19.90% in the first half).

Free cash flow from operations increased 34.9% to EUR 858 million, or 10.3% of sales in the first half, against 636 million and 8.5% of sales from the same period of last year.

In turn, capital expenditures totaled 275 million euros, or 3.3% of turnover. This level is below the annual forecast, ranging from 4% to 5% in sales due to a timing effect, Danone said.

Net debt amounted to 3180 Danone million euros in the first half.

* Danone Graph comparing to its competitors:

here

Crude prices have come down on Wednesday after the announcement of an unexpected rise in crude inventories in the U.S. and very cautious statements of the President of the U.S. Federal Reserve on the economic situation.

On the New York Mercantile Exchange, crude for delivery in September ended a decline of $ 1.02, or 1.31%, to 76.56 dollars a barrel.

U.S. crude reserves rose 400,000 barrels last week, when economists expected a drop instead of 1.4 million barrels.

In addition, the chairman of the Fed Ben Bernanke said Wednesday that the Fed was ready to take additional measures as necessary to sustain growth given the high level of uncertainty.

JPMorgan Chase reported better than expected results in the second quarter with a decline in provision for credit losses, something that gives hope to investors that things return to normal in the bank.

However, the action declined substantially over 2% as investors aggrieved by his assessment of economic conditions.The KBW bank index was weakening even more, 2.45%.

Moreover, the bulk of quarterly earnings from revenue sources that are not stable, such as reduced bad debt provisions, while in some segments, like the conventional mortgage, there are more and more bad debt, which bodes ill for banks such as Citigroup and Bank of America, which publishes Friday.

Income trading at JPMorgan has declined but it is better than expected, which is perhaps a positive sign for banks such as Goldman Sachs Group and Morgan Stanley, who announce their quarterly results next week.

"The results are just adequate and there is a little less than it seems," said Doug Kass (Seabreeze Partners Management).

The outstanding loans of the bank has continued to decline, showing it is reluctant to risk new loans yet.She says she can not yet assess how the reform of financial regulation will affect its accounts, information, precisely, investors were waiting impatiently.

ONE LESS OPTIMISTIC DG

The CEO Jamie Dimon appeared less optimistic about the future than it was in the first quarter, when he said that the economic recovery of the United States could be solid.

"It is too early to measure the improvement that we observe from now" in the consumer credit, which yields "are unacceptable", he has merely stated Thursday.

"We do not know what will happen to house prices and we believe we are not alone," he later told analysts.

The bank reported a net profit of 4.8 billion dollars (3.7 billion euros) or $ 1.09 per share, against 2.7 billion (28 cents per share) for the corresponding period last year.

Net income for the investment bank fell 6% to $ 1.38 billion. The second quarter was marked by markets that have evolved sawtooth, alternating example falls in the stock exchanges with peaks rising in the bond market.

The income earned by the JPMorgan bond, commodity and currency has dropped 28% to 3.56 billion.The bond trading has been a major driver of earnings of all major banks.

The bank posted a windfall of $ 1.5 billion, or 36 cents per share, due to the reduction in provision for credit during the quarter.Excluding this benefit, the result announced by JPMorgan – 73 cents – more than analysts' consensus that emerged at 67 cents per share, according to Thomson Reuters I / B / E / S.

The bank does not renew every quarter this year discount stores but Jamie Dimon said it was the thing that needed to be done during this quarter.

He said that the bank has a solid liquidity, having repurchased $ 500 million of its shares in the first half, but noted that the bank would be more certain of its capital before increasing its dividend.

Many banks want to raise the dividend but regulators see it a bad eye, which makes more likely redemptions.

The bank said its losses on consumer loans, mortgages, credit cards and other debts had declined in the second quarter both compared to the first three months of the year versus the second quarter 2009.

JPMorgan has finally reported a charge of $ 550 million charge related to the British banking bonuses. She had previously launched a warning on that charge, saying it would be an "important" in the quarter.

Bank of China, one of China's four largest banks, announced its intention to undertake a capital increase, the amount could reach 60 billion yuan (7.0 billion euros).

The bank offers to shareholders to obtain up to 1.1 Right to subscribe for 10 shares held.

"All the products of this rights issue (…) should enhance the bank's balance sheet and improve the ratio of financial solvency of the bank," she says in a statement.

This announcement does not specify whether the parent Public Bank, Central Huijin, subscribe to this offer.

In Hong Kong, under the BoC was trading at 3.97 Hong Kong dollars Wednesday, and he treated at 3.4 yuan in Shanghai on Friday before the suspension of trading.

MASSIVE CAPITAL RAISING

The bank, which raised 4.7 billion euros last month by issuing convertible bonds in Shanghai, is looking like its main rival China to strengthen its balance sheet and to comply with the stringent requirements of regulators in terms of ratios solvency.

Agricultural Bank of China (AGBANK), China's third largest bank, has launched its next capital increase of almost 16 billion euros via an IPO in Shanghai and Hong Kong.

According to local press, Chinese authorities have given their approval to raise capital totaling 287 billion yuan (33.6 billion euros) for the four largest banks.

In recent months, Industrial and Commercial Bank of China and China Construction Bank have also announced increases in capital.

Bank of Communications, the fifth-largest bank, raised its next 2.0 billion euros in Shanghai.