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.

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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.

The main European stock markets have returned to equilibrium in mid-session, while Milan and Athens rose more sharply and a rally promises to Wall Street, in the hope that Italy and Greece are quickly new governments and implement the necessary reforms.

The CAC 40 index yielded 0.08% at 3072.60 points around 24:15, after having started losing more than 2%, while the Euro Stoxx 50 took 0.19% and Milan fell by 0.48%.

As part of its Treasury bill auction, Italy has sold five billion euros in vouchers to 12 months, with a yield of 6.09%, its highest level since September 1997, against 3.57% in its previous auction which took place October 11.

Toyota reported Tuesday a 32% drop in its quarterly earnings and abandoned its forecast for annual profit, the impact of floods in Thailand completing disrupt a production line that is not yet fully recovered from the earthquake March 11.

The Japanese automaker also suffers from the strong yen, beating down the profitability of some 1.5 million vehicles exported each year and makes it less competitive with neighboring South Korea's Hyundai Motor.

Despite the unfavorable foreign exchange, Toyota said it did not intend to reduce its cut production, saying instead that he wanted to increase the share of domestic sales in total sales to offset the effect of force the yen.

The builder was particularly affected by flooding in Thailand disaster that claimed more than 500 dead, like Honda, which also dropped its earnings forecasts.

The three assembly plants of Toyota in the country are at a standstill since October 10 and will remain so until at least November 12.

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.

U.S. stocks ended sharply higher Friday as investors welcoming the results exceeded expectations of big names from the coast and anticipating a positive outcome to the crisis of debt in the euro area.

The Dow Jones gained 2.31% or 267.01 points to 11,808.79 points. The Standard & Poor's has been 1.88% or 22.86 points to 1238.25 points.The Nasdaq Composite was awarded 1.49% or 38.84 points to 2637.46 points.

For the week, the Dow rose 1.3%, the S & P 1.1% but the Nasdaq fell 1.1%.

Obstacles remain on the path to solving the crisis in the euro area and major differences still separate France and Germany, but investors appreciate that the leaders of the euro area are set a deadline to Wednesday.

A meeting between Nicolas Sarkozy, Angela Merkel, José Manuel Barroso and Herman van Rompuy will be held Saturday night in Brussels on the eve of the summit of the EU and the euro area on the debt crisis. This meeting will be preceded by a bilateral meeting between French President and German Chancellor.In addition, the principle of a new special meeting of the Eurogroup summit by the euro area on Wednesday, is also acquired.

In addition, the finance ministers of the euro area approved Friday the release of the sixth tranche of aid to Greece. This round of eight billion euros must now be approved by the International Monetary Fund.

This is the third week of up to the S & P, the most since February. The benchmark index fund managers will have to get out of the range 1230 and 1250 in which it tends to evolve.

On the values ​​front, McDonald's reported a better than expected for the third quarter. The value ended with a gain of 3.7% to 92.32 dollars.The index values ​​of consumption has advanced 2.8%.

Honeywell International jumped 5.8% to 51.28 dollars. The industrial group has raised its profit forecast after better than expected quarterly accounts.

General Electric has instead yielded 1.9% to 16.31 dollars. Investors are questioning the lower margin of the power equipment sector industrial conglomerate, in spite of the consolidated results as expected.

The S & P industrials, which includes GE and Honeywell, ended with a gain of 1.9%.

According to data from Thomson Reuters, the 133 companies in the S & P 500 that have released their quarterly accounts on Friday, showed 68% of profits above expectations.

Three parties of the government resigned Slovak and the main opposition party have agreed to support a strengthening of the European Financial Stability Fund (EFSF), TA3 television reported Wednesday.

The leaders of three of the four parties in the coalition government had met earlier with Robert Fico, the opposition party Smer, following the rejection by members of the text EFSF reform and the resignation of the government was liable to the vote.

A new vote in Parliament to be held by no later than Friday, said Robert Fico.

The government accepted the holding of early elections in March 2012 and will remain in the opposition Smer thus far, he added.

Slovakia is the last member state of the euro area has not ratified the plan, which strengthens the powers of the EFSF to fight against the debt crisis. Ratification by each of the 17 member countries is required for its entry into force.

A spokesman of the majority party SDKU had previously indicated that a second vote in Parliament could take place as early as Thursday if an agreement was reached with Smer.

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.

Denmark became the first Saturday in the world to introduce a tax on fat. It is 2.15 euros per kilogram of saturated fats. Denmark became the first Saturday in October the first country to introduce a tax on fat.

Denmark became the first country to introduce a tax on fats, the first Saturday in October, after a week in which to save money consumers have supplies of butter, pizza, meat or milk. The new tax, intended as a measure to fight against the consumption of fat, provides 16 kroner (2.15 euros) per kilogram of saturated fats.It will apply to all products containing saturated fats, including pre-cooked dishes.

"I doubt this will have a positive impact on health, it's just a tax" Extra, told AFP a spokesman for the Confederation of Danish Industries (DI), Gitte Hestehave. "As far as we know, Denmark is the first country to introduce a tax on fat," she said. In the week before the entry into force of this tax, the Danes have robbed the stores.

The Danes were full of fats

"We had to stock tons of butter and margarine to be able to serve our customers," he told AFP an official with the group Arla Dairy Distribution, Soeren Joergensen. "The week was rather chaotic, with lots of empty shelves.People filled their freezers, "confirmed an official of an independent supermarket in Copenhagen, Christian Jensen." Actually, I do not think this will change anything: people who want to buy a cake will buy it. Simply by doing now they are saving, "he added.

For DI, the new tax is an "administrative nightmare". The products are imported or Danish manufacturing, it will ask for statements to producers on the amount of saturated fat in the product but also used in its preparation. Updating of computer systems has also required many hours of overtime for producers and retailers. All this has a cost that will be passed on to consumers, warned Ms. Hestehave.

Moreover, lawyers point out that the tax induces a risk to the competitiveness of Danish products.The imported products subject to tax only the fat they contain are actually cheaper than the Danish products also taxed at the producer level of fat used in making "such as for frying," said the lawyer in Jeppe Rosenmejer Jyllands-Posten.

Why the markets are yo-yo? The stock market crash threat he savers? The world will he fall back into another recession? Our responses. Facts: exchanges plunge

For almost three weeks as global stock markets loosen. The CAC 40 has lost 22% since July 22. After a strong rally Thursday, the Paris Stock Exchange Friday widened its losses. Bank stocks were particularly severe since Wednesday because of speculation about a possible loss of the triple A rating of France. Societe Generale, which lost nearly 15% Wednesday, asked the AMF to investigate rumors that she believes she suffered.

See also:

Ten figures to be taken on the stock market crisis Why France French banks worried the markets: the reasons for the panic market crisis: the sequence of events real victims and losers in the wrong stock market crash market crisis: that investors may

The clap of thunder: the loss of "AAA" American

Standard and Poor's downgraded by one notch on July 5 the U.S. debt rating of "AAA" to "AA +". A historic first for the country. In fact, the agreement reached in extremis August 2 to Congress to raise the ceiling of the debt and avoid default has not satisfied the rating agency.It is estimated that the compromise between Republicans and Democrats is not nearly enough to reduce debt astronomical U.S., which reached 14,300 billion.

Given the position in the global economy of the most powerful and safe haven status of the dollar, the main international reserve currency, the S & P's decision could be devastating for the entire global finance. The announcement did not fail to create a renewed tension in the exchanges.Ironically, investors remain confident in the ability of the United States to honor their debts: U.S. borrowing are still very popular and their rates have not risen.

See also:

The United States lost their triple A, what consequences? "You have to detoxify the rating agencies"

The context of substance: the fears of another recession

The markets are worried about the health of the global economy. As well as one side of the Atlantic than the other, the news is bad. United States doubts about the strength of the economy are stronger every day, with the accumulation of worrying signs. There is talk of increasing the risk of the economy falling back into recession, the "double dip recession." GDP grew by only 1.3% in the first half and unemployment remains very high level of 9.1%.But the S & P's decision to degrade the American note is likely to further seal the U.S. economy. For focusing on the debt problem, it prevents the state to implement the fiscal stimulus that would be needed in the short term to strengthen the recovery. So the Fed that holds the ammunition last, that of monetary stimulus. She has pledged Tuesday to keep rates near zero until 2013 and continue to buy treasury bills as those they would hold to maturity.

In Europe, Spain and Italy posted increases of 0.2% winded and 0.3% in the second quarter. France does no better: After starting the year with a bang, French growth was zero in the second quarter and unemployment started to rise.The global recovery is no longer as strong as it appeared in 2010.

See also:

Obama has the means to revive the U.S. economy? S & P precipitates Does the United States into a new recession? Why unemployment in France does not drop

The contagion of the crisis of debt in the euro area continues

The markets are finally tormented by the fear of contagion from the crisis in Greece to Italy and Spain, heavily indebted, and which together account for 30% of European GDP. Therefore, the rates at which these two countries were borrowing at record levels. In fact, the second Greek rescue plan developed in July is still not enough to reassure markets. Although eager to pass the baton to the relief fund, the ECB has once again agreed to put out the fires and expressed its readiness Sunday to buy the debt if the Spanish and Italian investors withdraw.To make matters worse, the note of Cyprus has been degraded by the three rating agencies. According to Fitch, the island now needs a rescue package of the EU.

See also: Spain and Italy do they need a plan to help?