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 British group Centrica Energy Thursday issued a warning on its profits in 2011, with a loss of customers and a decrease in electricity consumption due to the sluggish economy and mild weather.

The operator, whose subsidiary British Gas is the first energy supplier to UK households, lost customers after raising its rates and now provides an annual output "slightly below" market expectations.

An hour after the opening of the London Stock Exchange, the title Centrica lost 1.36%, while the European sector index Utilities 0.5% abandoned.

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.

Faurecia announced Monday new medium-term financial goals with a turnover of 20 billion euros in 2015, growth should be driven by the dynamism of Asia and the demand for technologies to reduce greenhouse gas emissions.

The automotive world leader in exhaust systems owned 57.4% by the manufacturer PSA Peugeot Citroen, said the new goal was a 25% growth on sales estimated in 2011.

In late October, said the group had anticipated for the current year revenues from 15.7 to 15.9 billion euros.

"Faurecia is now (to) outperform three to four points growth in global automotive production," he said in a statement.

In his previous plan unveiled in June 2010, the equipment was a turnover of 16 billion euros in 2014 and an operating margin of 5-6% at the same horizon.

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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Previous Previous PauseSuivant Indonesia: 7.

Values ​​to follow on Monday in the Paris Bourse, where the index was down 2% to 12.45, a victim of profit taking while waiting for details of the Europe Agreement concluded last week before the G20 in Cannes Thursday and Friday:

* GDF SUEZ losing 3.3%. Belgian political parties, who are negotiating the formation of a new government, have agreed to close Sunday on condition the two nuclear power plants still operating in the country. AREVA also lost 3.8%.

EDF indirectly affected by the decision of the holdings of rights "draw" directly on 8% of the capacity of central Belgium, and indirectly through its Belgian subsidiary SPE rights over 7%, loses 1.7% .The title had sold more than 5% Friday.

* Bank stocks weigh on the coast, especially hurt by profit taking in a climate of uncertainty about the implementation of the plan to resolve the crisis of sovereign debt in the euro area, as shown in the voltage levels Italian government bonds.

BNP Paribas lost 6.7%, 6.5% Societe Generale, Credit Agricole and Natixis 6.4% 5%. The European index yields 3.3%, one of the biggest declines sector with commodities (-3.4%).

* The CYCLIC are also victims of profit-taking, exacerbated by concerns over growth. ALSTOM lost 3.6% and 3.2% MICHELIN 53.930 euros, while Goldman Sachs cut its price target from 78 to 70 euros, while remaining "neutral" on value.

China on Thursday welcomed the consensus reached in the night by Europeans around a plan to end the crisis for the euro area and expressed his support for the measures announced.

After more than ten hours of the summit, the leaders of the euro area have come in the night from Wednesday to Thursday to reach an agreement on the restructuring of the Greek debt, capacity building fund to support the euro and the recapitalization of banks.

"We hope that this consensus (…) is conducive to boosting market confidence," said the spokesman of the Chinese Ministry of Foreign Affairs during a press conference."China supports the measures taken by the EU to stem the debt crisis."

"China is willing to make joint efforts to safeguard the recovery and growth of the global economy," said the spokesman, noting, without giving details, that Beijing was ready to increase its cooperation with the EU investment, trade and finance.

Chinese President Hu Jintao is scheduled to meet Thursday afternoon by telephone with his French counterpart Nicolas Sarkozy.They will discuss in particular the next G20 summit scheduled for early November in Cannes.

Nicolas Sarkozy had announced last night that China could participate in the creation of a "special vehicle" to multiply the firepower of the European Financial Stability (EFSF), the bailout funds in the euro area.

The French CMA CGM, the world number three container shipping, is considering moving to two billion dollars of orders at Chinese shipyards, where it is easier to obtain bank loans in Europe, the newspaper reported Friday Chinese Ta Kung Pao.

CMA CGM is in discussions with two major Chinese shipyards, State Shipbuilding (CSSC) and China Shipbuilding Industry (CSIC) in order to build 20 container ships with a capacity of 9,000 to 10,000 twenty-foot equivalent units (TEUs) the newspaper said, citing industry sources.

Bank of China's import-export plans to grant a loan to CMA CGM, Ta Kung Pao said.

The French group plans to commission the first five ships, with an option on the following fifteen, and have them built in Shanghai and Dalian for delivery from 2013.

CMA CGM, which was not immediately available to respond to this information, turned to Chinese shipyards after having been refused by those of South Korea, said one of the sources of the newspaper Chinese.

China's policy of supporting exports of electrical equipment and machinery, the products of the shipyards in competition with those of South Korea the world leader.

Groups of sea freight are penalized by an oversupply and high fuel costs in a context of fear for the world economy.

Due to the debt crisis in Europe, many banks are now refusing to finance continent this highly cyclical and impacted by the erosion of the price of transport.

The number of Americans entering the unemployment fell to a low of five months last week, and growth figures for the second quarter were revised upward, leaving the markets expect a recession is ultimately not to fear.

The number of jobless rose to 391,000 last week, against 428,000 the one before, said Thursday the Labor Department. This figure is well above expectations, as economists on average had forecast 420,000 jobless.

The Labor Department noted, however, that its adjustments for seasonal variations may have overstated the decline in enrollment.Revised data will be published next Thursday with the first estimate figures this week.

Commerce has meanwhile announced that growth in gross domestic product (GDP) reached 1.3% in the second quarter, according to final figures.

Its previous estimate was counting on only 1.0% growth.So a return to the first estimate, which already provided 1.3% before being downgraded.

Analysts had expected an upward revision, but not as pronounced, with a final figure of 1.2%.

Consumer spending and the trade figures have finally proved better than expected.

GDP figures "suggest that the U.S. economy entered the third quarter in a position a little better.These encouraging news is reinforced by the decline more marked than expected jobless claims, which casts further doubt on the likelihood of a return to recession, "said Joe Manimbo, an analyst at Travelex Global Payments in Washington.

CAUTIOUS OPTIMISM

Political tensions between the United States the Democratic administration and the Republican side, a majority in the House of Representatives, coupled with the impact of the debt crisis in Europe, have eroded confidence and fears of a return of U.S. U.S. recession.

The cautious optimism of economists now expects a further contraction of GDP will be avoided.Production companies continue to grow because, although at a slower pace since the beginning of the recovery.

In detail, the revised figures show, in fact more of a slower growing economy as a future recession.

Export growth is better than initially estimated at 3.6% instead of 3.1%.That of imports, however, is lower at 1.4% against 1.9%.

The trade deficit is lower, and foreign trade contributed to GDP by 0.24 percentage point.

These data support Wall Street, which evolved up to 1600 GMT, while the dollar went further against the yen and the price of Treasuries retreated.

U.S. debt is regarded as a safe investment and attractive in times of uncertainty, but less coveted when the economy recovers.

All indicators are not provided to green the U.S., and the gloom is still required from contractors, according to a study by the Institute "Business Roundtable" and published on Thursday.

According to the report, the outlook for business had deteriorated for the third quarter, and the number of those planning to cut jobs over the next six months more than doubled, from 11% in the second quarter to 24%.

They are more than 65% against 87% three months ago, to provide an increase in sales and only 32% instead of 61% plan to increase their investments.