Archive for the 'resources' Category

Investors are moving away from gold

Auto Date Tuesday, May 8th, 2012

Presidential in major cities Paris | Leeds | Lyons | Toulouse | Leeds | Sheffield | Liverpool | Bordeaux | Lille

Apple delivers results beyond all expectations

Auto Date Wednesday, April 25th, 2012

Presidential in major cities Paris | Leeds | Lyons | Toulouse | Leeds | Sheffield | Liverpool | Bordeaux | Lille

A Swiss village retains its underground gold

Auto Date Saturday, April 21st, 2012

 

Medel, its official name Lucmagn, is a quiet village of 435 souls nestled at 1332 meters altitude, in the heart of the Alps, in the region of the Lukmanierpass (Grisons). Its inhabitants were just as quiet on their heights until a Swiss mining company, a subsidiary of Canadian Gold NV, may disturb their idyll. Under their feet, in fact hides a gold mine. That company then proposed to exploit this in exchange for 40 million Swiss francs, or about 33 million euros. Against all odds, the villagers declined the offer to two-thirds of the population, after a referendum held in early April.

According to Business Insider, the mine in question, located in a vast pine forest in the snowy peaks and valley Medel, to contain about 1.2 billion dollars of precious metals. The U.S. site information reports that the history of the mine clearly divided the inhabitants of the valley. Some would see a tremendous opportunity in the economic deficient, while others – mostly – highlight their concerns about the environmental impact such a project would succeed.

For its part, NV Gold in talks with the mayor of the small town, more than ever determined to steal the treasure buried by the villagers jealously refractory.

About the Lauvergeon, the "politicking" for Sarkozy

Auto Date Saturday, April 14th, 2012

 

Nicolas Sarkozy retorted tit for tat. Questioned Tuesday by Anne Lauvergeon in an interview published by L'Express, the Head of State, on Friday invited to iTV, has applied to devalue about the former president of Areva. "All this is of politicking," he judged. "What makes it less credible that Lauvergeon said was that she waited to be put out to challenge a system that she wanted to continue to participate in the first place as president of Areva," Nicolas Sarkozy has argued personal business card.

He also underlined the political commitment of the former CEO, also old Sherpa Mitterrand: "It is now the president of Liberation, with a known commitment to the left". Lauvergeon has headed the supervisory board of the newspaper in July 2011.

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Slowdown in world trade

Auto Date Thursday, April 12th, 2012

 

World trade, which grew by 5% by volume in 2011 will increase by only 3.7% this year due to the debt crisis in Europe, the consequences of the tsunami in Japan and floods in Thailand, predicted the World Trade Organization (WTO).

Numbers far from the 13.8% growth recorded in 2010 and also below the average of 5.4% the past 20 years, notes the organization based in Geneva.

Merchandise exports should grow by 2% for developed economies and 5.6% for developing countries, while imports increase by 1 short term personal loan.9% and 6.2% respectively.

The WTO provides a slight improvement in 2013, with growth of world trade by 5.6%, driven by improved economic situation of the United States and Japan. 

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Roche ready to review the offer on Illumina

Auto Date Tuesday, April 10th, 2012

 

The standoff continues between the leaders of the Swiss pharmaceutical company Roche and shareholders of American specialist Illumina DNA sequencing, they seek to buy. Sunday, the Basel firm has expressed a willingness to revise upwards its bid.

"We remain willing to consider an additional value (Illumina) if we have the opportunity to enter into discussions and consult the books of account" has informed the General Manager of Roche, Severin Schwan.

The boss of the Swiss laboratory reacted to the recommendations of the firm specializing in advising shareholders, the U.S. ISS, who said Friday that Roche's offer was inadequate on Illumina. In this context, the firm recommended shareholders vote against Illumina motions filed by Roche, in particular to bring its candidates to the board of Illumina, at its General Meeting on April 18.

In late March, Roche announced that it raised its takeover bid (OPA), launched in late January, 15%, to 51 dollars per share in cash against 44.50 dollars earlier, valuing Illumina to about 6.8 billion (5.2 billion euros). The board of directors of Illumina announced that after "carefully studying" the new offer, he rejected it unanimously and urged its shareholders not to make any response.

Last week, the same leaders of Roche had sent a second letter to shareholders of Illumina, again asking them to respond positively to their offer and to vote for directors to present on April 18th. If the representatives are elected from Roche, Basel lab would get a majority on the board of directors of Illumina, at the same time facilitating the takeover of American society.

Retirees continue to Greece justice

Auto Date Saturday, April 7th, 2012

 

Two Greek citizens seeking nothing less than the cancellation of the debt exchange transaction completed on March 12, which allowed Greece to considerably lighten his burden. A wealthy widow of 76 years and a retired undertook to continue the Greek state court, aggrieved by the restructuring of sovereign debt to their country, they held bonds. The widow puts its losses at around 200,000 euros and 4000 euros retired, or about half of their initial investment. "This is the first time that Greek investors take legal action against the state by asking the court to declare illegal and unconstitutional the decree implementing the debt exchange," said a source at Reuters court.

March 12, Greece is indeed managed to finalize the largest debt restructuring in history. 85% of private creditors – mainly banks, insurance companies and funds – have agreed to exchange their obligations under Greek law against new longer maturity bonds, and a value less than half. A massive turnout, which allowed Greece to force reluctant investors to participate in turn in the exchange, that is to say to make losses. With this agreement, Greece has reduced its debt by 107 billion euros, a total of 350 billion euros. A prerequisite to payment of a new international aid, totaling 130 billion euros, of which Greece was badly needed to meet its deadlines. This debt forgiveness can also expect the country to achieve a ratio of debt to GDP from 120.5% in 2020.

This is the start of "collective action clauses", by which Greece has forced investors reluctant to join the exchange, which is currently being challenged by some of its creditors. 110 of them, a German national, had already announced, following the restructuring, they had hired a law firm to seek redress. This is not so much the outbreak of collective action clauses is disputed, the fact that these clauses have been introduced retroactively. Some creditors believe that the rules were changed along the way, illegally. The judicial process may however take several years. Argentina, who also conducted a decade ago to a partial restructuring of its debt is still within the scope of prosecution.

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Virgin Mobile is playing the return match against Free

Auto Date Thursday, April 5th, 2012

 

With 2.2 million customers earned in just two months, has already exceeded Free Mobile Virgin Mobile and its 1.9 million customers won in six years. But Geoffroy Roux de Bézieux, CEO of Virgin Mobile, do not admit defeat. After declining prices for its mobile plans starting January 11, he resigned from all his mandates (UNEDIC Medef …) to devote himself entirely to Virgin Mobile. He decided to strike back against the field of Free by launching its "Virgin box" ADSL and the first quadruple play (Internet, television, landline and mobile) market in less than 30 euros, including a mobile subscription (2 hour voice and sms). In Mobile, Virgin Mobile is launching a mini-package to 4.99 euros per month (for 45 minutes of calls and 450 SMS) and packages from EUR 12.99.

LE FIGARO-Virgin Mobile Will he survive the arrival of Free Mobile?

Geoffroy Roux de Bézieux-course! We intend to play the return match and the win. Niel has no monopoly on consumer protection. Virgin Mobile launches quadruple play offer (TV, Internet, landline and mobile), which is the cheapest on the market. We are less than 30 euros, while the average bill is more than 40 euros. If prices fell in mobile, fixed Internet on the bill for households is increasing. When we give moral lessons to everyone, we must be consistent in all markets! The credo of French Internet the cheapest in Europe, created by Xavier Niel, and conveyed by ARCEP, has become false. The fixed market in France is now oligopolistic. This allows Free to have margins of 39% and fund its mobile offering.

Are you facing a haemorrhage of customers?

Free Mobile to launch, it's true, we experienced a spike in departures. But that was quickly calmed. By the third week, that number fell, and fell further after the failure of Free March 20. Free Mobile is like Ryanair: you pay less, but you take off from Beauvais. Everybody does not want it. If we have lost customers, we also won. In the end, we lost 24,000 net customers, slightly more than 1% of our customer base. Neither more nor less than other operators.

Have you pumped up the numbers in March through promotions on private-sale?

No. We have fewer and fewer cancellations and more of recruitments, with our range Extaz, which has enrolled more than 100,000 customers in less than three months.

Virtual mobile operators (MVNO) are not they eventually threatened?

Virgin Mobile is no longer an MVNO like any other, it is a "full" MVNO. This means that we are not content to buy more minutes of telecoms but we have invested tens of millions of euros to build a network of heart. So we have the benefits of a network operator without its drawbacks: we touch the money when customers of other operators call our customers. We control our prices and have a real free trade. But unlike Free we are not forced to deploy expensive antennas.

Did you anticipate such an impact?

The day after the launch of Free we have aligned our prices. A quick response indicating that we were ready. I even took my team to Lorient in naval commandos prepare the response plan. A tariff to 19.99 euros was part of the scenarios, although this was not the one we preferred.

What will the impact on your margins?

Our sales increased 21% to 567 million, and EBITDA to exceed 30 million euros for the year ended March. From January to March 2012, activity was still up 13% despite the arrival of Free Mobile. The year 2012-2013 will be more complicated. We will focus on growth and invest in the quadruple play. The downside of this strategy is that our margins will be penalized. But we will remain profitable.

Why not be sold Virgin Mobile before the arrival of Free?

Virgin Mobile is not for sale. This is a scarce asset, growing. If we had had to sell, we would have done in 2011 as Vodafone, which has shrewdly sold his shares in SFR.

Tackle the offer that Free is committed to MVNOs?

We are not litigious. But the wholesale offer Free is inoperative. Given the difficulties of Free network, its limited coverage, pricing, no one's interest to be at Free MVNO. ARCEP has to ensure that the commitments that were made.

Do you, as President of ARCEP, the arrival of Free will eliminate 10,000 jobs?

I am afraid it is much more, if only in that sub-contractors. Nobody seems to get upset because these jobs are not embodied in a factory, but scattered around among operators, distributors, OEMs.

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Alstom and Areva compete with their offshore wind

Auto Date Monday, March 26th, 2012

 

Home stretch for the tender in giant offshore wind, an investment of 10 billion euros. While the verdict is promised before the presidential election, companies occupy the land. On Monday, Mestrallet, Oursel Luc and Xavier Huillard, respectively boss of GDF Suez, Areva and Vinci, traveling around the Upper Normandy (Fécamp, Dieppe, Le Havre) to present their business plan. Last Monday, the Industry Minister, Eric Besson, has unveiled the prototype of the new offshore wind Alstom, the site of book in Loire-Atlantique.

The tender is dominated by the clash between Alstom and Areva, among wind turbine manufacturers. They are actually competing in four of the five fields. Each claims its strengths: innovation for Alstom against the experience for Areva.

"This wind turbine is technologically innovative and ambitious for France," said Patrick Kron, Alstom's chief executive. The blades of 73.5 meters is the longest in the world. The group opted for a permanent magnet alternator, no gearbox, which should reduce operating costs. In the end, his power of 6 megawatts (MW) against 5 MW Areva makes it the most wind power marine world.

For his part, Luc Oursel, the boss of Areva, said his group has eight years ahead, with more installed wind turbines in the North Sea credit reports free. By 2015, the group expects 120 of its machines to produce electricity. "All of our wind turbines, before being implemented, are tested at full power on a test bench unique," says Luc Oursel. Like the integrated model of the nuclear group, its wind business is careful to keep control of several strategic industries such as manufacturing of the blades. "Our watchword is reliability," says Luc Oursel.

Regional investments

The blades of the first prototype of Alstom, down, do begin to spin that in a month. A second prototype crashed at sea, will be operational before the end of the year. The inauguration of the wind Alstom was made before many elected Pays de la Loire and Brittany. The group, which is involved in the consortium led by EDF Energies new, has indeed committed to make several investments in the region, allowing it to benefit from their active support in competition with Areva.

Alstom also claims the construction and installation of 2,300 onshore turbines. However, his lack of experience in offshore wind may explain the appearance in recent weeks by rumors of a possible acquisition of German RE Power or Danish Vestas wind turbine specialists, Patrick Kron has qualified to of this "speculation".

The British series are popular

Auto Date Sunday, March 25th, 2012

 

Market International TV programs, MIPTV, to be held in Cannes from April 1 to 4, the British series should create the event. Call the Midwife, produced by the BBC, had the best audience of the channel for ten years. And professionals are eagerly awaiting the arrival of two series Titanic, one produced by ITV and the other by the BBC. This success confirms the vitality of English production began last year by Downton Abbey.

Turkish productions are also a remarkable breakthrough in the export and seduce with themes often néoromantiques like Ask or Ceza ve Mugnificent Century, a series high in costumes inspired by the Borgias of Canal + and already sold in forty countries. The study Hotspot, concocted by Eurodata TV Worldwide is a partner with Médiamétrie, the top 10 best programs in the hearing world still dominated by fiction (41%), entertainment programs (38%) and information ( 21%).

Talent Search, the first vector of the reality show

But the big difference with previous years is that it is now the local fictions far outweigh American series. "Contrary to years like 2007 where the total number of hits was the fact of American productions, they have virtually disappeared from the charts," says Amandine Cassi, academic director of Eurodata TV Worldwide. Entertainment side, it is always the formats used to seek talent that hold the upper hand and are the major contributor to the international reality. There are trademarks ancient as the "Eurovision", but also the concepts be they British "Got Talent" (Fremantle), "Idols" (Fremantle), "Strictly Come Dancing" (BBC Worldwide) "XFactor" (Fremantle) or "Masterchef" (Shine) payday loans with no fax. "The Voice", produced by Talpa – the incubator of John De Mol – which is still in its infancy, is already among the top global audiences. In 2011, promising competitors to giants Endemol and Fremantle have appeared on the market including Shine, the production company of Elisabeth Murdoch, or A2G Creations, a small French production company that blew counters hearings in China its format Beauty Academy. "This success explains Amandine Cassi, is due to the ease of exporting and to adapt these artistic formats that appeal to everyone. These formats also compensate in some manner, the information that arouses enthusiasm on television. "The information, provided the programs live elsewhere, as the two best audiences worldwide last year were the evening of Chinese New Year, with 203 million viewers in China, and that the Superbowl, the United States, brought together more than 111 million viewers.

In France, this strong trend has not failed. Indeed, in 2011, the list was dominated by the final of the Rugby World Cup (15.4 million viewers), while the interview with Dominique Strauss-Kahn at 8:00 p.m. at TF1, September 18, 2011 , made with 12.5 million viewers, on par with "Bal Enfoirés", broadcast, exactly a week ago. A great show that, once again, confirms that television remains the medium of the event.  

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