Financial News Headlines

Airbus has received orders for aircraft Jan. 91, again dominated by the single-aisle A320 family which are largely due to sales performance record of the European aircraft manufacturer in 2011.

The EADS subsidiary, which recorded no cancellation last month, has garnered particular orders for 52 A320s and 32 A319, according to the monthly statement issued Monday.

The U.S. company Spirit Airlines confirmed last Wednesday an order for 75 A320s, valued at seven billion dollars (5.3 billion) at list prices, including 45 units of A320neo, improved version of the single-aisle Airbus flagship, which had already been recorded in 2011.

Airbus also recorded in January an order for 51 single-aisle aircraft from the Colombian company AviancaTaca. 

The company UAE Etihad Airways has on his side past the end of January a firm order for two A330-200F freighters.

Airbus has sold almost twice as many planes as Boeing in 2011, after winning his bet with a more fuel efficient version of its A320. European and delivered more planes than its U.S. rival for the ninth consecutive year, recognizing that it would have trouble keeping the commercial advantage in in 2012.

Airbus, which is 600 to 650 orders this year after a net total over 1,400 units in 2011, suggested that Boeing would win the race this year for the first time since 2006.

Airbus expects to deliver approximately 570 aircraft in 2012, of which 37 have already been delivered to customers in January.

The President of Finmeccanica Pier Francesco Guarguaglini resigned, while the Italian advocacy group is the center of a corruption scandal, said on Thursday a source familiar with the matter.

The information was confirmed by the group a few minutes later.

The Board has appointed the current Chief Executive Officer Giuseppe Orsi Group to replace him, the source added which states that it will combine the two functions.

The group is weakened by an investigation into suspicions of corruption that affects some of its most senior officials.

The Italian government is a shareholder of the group of aerospace and defense to the tune of 32% and this scandal is the first figure of political test for the new government led by Mario Monti.

The European Commission said it wanted to preserve the stability of the euro area as a whole and said to disagree with the rumors point to a stability pact between the States the strongest. The President of the European Commission Jose Manuel Barroso (here at a press conference in Brussels April 13, 2011)

The European Commission on Monday rejected categorically any option that would lead to "break" the euro area into several groups, while news reports indicate possible projects in this direction in Germany and France. "The goal is to preserve the unity of the euro area," said a spokesperson for the Economic and Monetary Affairs, Amadeu Altafaj, during a press conference."If the ultimate goal is to safeguard the stability of the euro area, it is clear that fragmentation does not serve this purpose, any proposal must be based on preserving the unity of the euro area," Has he added.

The German press reported over the weekend of a proposed stability pact reinforced for only a few countries of the monetary union and an option to create Eurobonds limited to only those countries benefiting from the best rating (Triple A). The latter project was denied Monday by the German government. The spokesman also assured the Commission preferred the "Community method", which places the center of decision-making institutions representing the European Union as a whole, as the Commission or Parliament, not a group of States .

Suzuki Motors calls for international arbitration to settle its dispute with Volkswagen, the latter refused to surrender its stake by nearly 20% stake in Japanese automaker.

Suzuki, a specialist in small cars for emerging markets, announced Thursday it had seized the International Court of Arbitration of the International Chamber of Commerce, an organization based in London.

"We see no major financial impact based on the share price, given that VW has already established a reserve of 263 million euros in the third quarter of 2011 to reflect the reclassification of its stake in Suzuki in its balance sheet , "writes Michael Punzet, an analyst at DZ Bank in a note.

Suzuki accuses VW of not having provided a hybrid technology that would have promised to share.If the current leadership of Suzuki does not work with us, then maybe the next generation will, "he said.

A spokesman for the German automaker has confirmed that the company would not yield to the demands of Suzuki.

Action Suzuki closed up 0.92% to 1,533 yen in Tokyo Stock Exchange, while Volkswagen took up 2.90% to 115 euros at 9:35 GMT on the Frankfurt Stock Exchange.

In particular, Allianz gained 5.6% after posting a quarterly operating results better than expected and have claimed to be able to face difficult market conditions.

Earlier this afternoon, the Italian Senate approved the law of financial stability, a set of austerity measures demanded by the European Union to help the country cope with the debt crisis. Council President Silvio Berlusconi has promised to resign and make way for an emergency government once the text approved by the lower house of parliament, which is scheduled Saturday.

"The Italian rates were down significantly today.

Russia is the country whose companies are most likely to pay bribes, followed closely by China, according to the annual ranking of Transparency International. Considered a good student, but the limit of the first third of the most virtuous, France is the 11th of the 28 countries studied. As for the sectors most likely to payments of bribes, kickbacks are building and public works and utilities. To establish his record of corruption exporting countries, the NGO has asked 3,000 business leaders worldwide to note how often the companies with which they do business engaged in corrupt practices, from 0 to 10 always, for ever. In images, the largest outbreaks of corruption.

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Previous Previous PauseSuivant Russia: 6.1 / 10 Next

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Previous Previous PauseSuivant China: 6.5 / 10 Next

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Previous Previous PauseSuivant Mexico: 7 / 10 Next

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The number of unemployed Germans reached a new record low in October, to 6.5% of the workforce. It increases in numbers against the seasonally adjusted. An employment agency in Berlin

Unemployment has posted a new recession in Germany, in October, on a gross basis, to 6.5% of the workforce. But increased in numbers seasonally adjusted (SA), beating expectations, said Wednesday the Employment Agency. Economists polled by Dow Jones Newswires had forecast a further decline in numbers CVS, the most widely followed by economists as more representative. Overall, however, "the positive developments on the labor market continued," commented the President of the Employment Agency Frank-Juergen Weise.

European shares opened up, consolidating their gains from yesterday, and moving towards their best monthly performance in 30 months in the hope of resolving the debt crisis.

In Paris the CAC 40 gained 0.34% (11 points) to 3380 points to 9.30. Renault jumped 4.8%, signing the second performance of the index the day after announcing record sales in the third quarter thanks to markets outside Europe and confirmed its objective of free cash flow and sales.

The FTSEurofirst 300 index of blue chips in Europe, which gained 10.6% since the beginning of the month, could register its biggest monthly increase since April 2009, although there is a decrease of 9% over the year.

The Stoxx European banking sector ahead 0.9% after jumping 8.9% the day before.The index remains down 23.5% over the year.

Credit Agricole and BNP Paribas are among the highest increases in the sector, gaining 4.3% and 3.8% on the Paris Bourse.

Exchanges could continue to rise next week in anticipation of the G20 summit on 3 and 4 November, Judge Edmund Shing, strategist at Barclays Capital actions, however, recommends that investors not to run after the market too aggressively.

"The next key event is held in just one week. Meanwhile, the shares can probably gain more ground," he said.

Icade published Monday sales up 11% in the first nine months of 2011, thanks in particular to the full-year effect of the acquisition of Compagnie la Lucette.

The real estate company, a subsidiary of Caisse des Depots, recorded sales of 1,065.8 million at September 30, also boosted by lettings made in 2010 of its commercial property division and for the development division, by the progress of projects of operations signed last year.

Also for its development division, the group notes that "in an uncertain market environment and reduction of tax incentives", bookings were down 11% in value compared to the first 9 months of 2010.

Icade, whose action on Friday completed a course of 65.00 euros, provides no indication of its prospects.

A government report concludes that the proportion of poor in the population fell by two percentage points between 2006 and 2009. Associations contest.

Poverty has declined in France in 2009, according to a government report Wednesday quoted by Liberation, but the calculation is disputed by the associations and does not match that of the INSEE. In this "Report to Parliament" from the Ministry of Solidarity and Social Cohesion that has purchased the newspaper, "the proportion of poor in the population increased from 13.1% in 2006 to 11.8% in 2009" .

This report on "monitoring the goal of reduction of one third of poverty in five years," must be made public every year since 2009. The Ministry was not immediately able to provide this document. According to Liberation, he cites specific figures: there were 7.5 million poor in 2007 and 7.1 million in 2009.

But the report is based primarily on an indicator, "income poverty rooted in time" that keeps the poverty past, simply adjusted for inflation. It is not the same as published annually by INSEE, namely the indicator of "relative poverty", which takes into account the evolution of the median. It is criticized by many associations aid the poor, as ATD Fourth World, which believes that its method of calculation is mechanically lower the poverty rate.

The latest study by the INSEE published in late August, the proportion of people living below the poverty line or less than 954 euros per month, increased in 2009 to 13.5% of the population living in metropolitan France. In 2009, 8.2 million people were considered poor, against 7.84 million in 2008, detailed the Statistical Institute.

In an interview Wednesday Liberation Solidarity Minister, Roselyne Bachelot, said the report was "in some way a reflection" of the financial crisis. "Poverty is a complex phenomenon that can not be measured through a single indicator," she also said.