Daily Forex Technical Reports Blog

In this project, funds for vocational training, some 26 billion euros managed by the social partners and intended to finance the individual right to training (DIF), training contracts, training plans and other individual leave training for employees, should be reinforced by the creation of a social HYIP investment fund intended to support employees affected by the crisis..

The fund, from 2.5 to 3 billion euros to finance recourse to partial activity, always preferable to redundancy, and it will improve the income of employees who are concerned and offer them in parallel training to prepare the future, said the head of state.

But these are not the only actions that the social HYIP investment funds will have to manage. The premium of 500 euros for casual workers not contributing enough to be indemnified by unemployment insurance, funding for the contract professional transition and redeployment agreement personalizes in the event of redundancies, as well as support for Job seekers who are being trained long, also comes in these prerogatives. Read the rest of this entry »

Decided not to let what he sees as a strategic priority absolute Renault says its electric vehicle project progressing as planned and it confirms cover more than 100,000 annual sales of such cars from 2012..

During an interview with Reuters at 48 hours of the opening of the 79th International Exhibition for Auto and accessories Geneva, Thierry Koskas, program director of electric vehicle manufacturer, has said that discussions with several European countries were continuing and that concrete announcements intervene this year.

We are discussing within the alliance (with Japan’s Nissan, with 44% controlled by Renault, ed) with several countries in Europe, it may take some time but there will be some announcements this year.

Nissan would market its first EV’s (Electrical Vehicles, ed) in 2010 in Japan and the United States. Renault, for its part sets 2011 the beginning of this offensive with a launch program in Israel, Denmark and Portugal. Read the rest of this entry »

The Commission for Energy Regulation (CER) could provide the government with a decline of around 10%. But if Bercy account give flexibility to the company, he opted for a slightly lower figure of around 7%, even reaching a decline of 10% in two stages, said daily..

GDF Suez was formed by the merger completed July 22, 2008, after two and a half long engagement, between Gaz de France and Suez. The group chaired by Gerard Mestrallet, assisted by Jean-Francois Cirelli, is the European leader in the field of electricity and gas in terms of revenue: 74.3 billion euros in 2007 against 69 billion for E. ON and EDF 60 billion. The group has 196,500 employees. Listed on the Brussels, Luxembourg and Paris, GDF SUEZ is the main international indices: CAC 40, BEL 20, DJ Stoxx 50, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe and ASPI Eurozone.L French State is the largest shareholder in the group with 35.7% of the capital to Groupe Bruxelles Lambert (5.3% of capital). The market capitalization of GDF Suez at the time of initial listing (96 billion euros), guaranteeing the second place in the CAC 40 Total behind but ahead EDF.

-The merger allows GDF Suez to gain weight in some major stock indexes, which entails buying the title by the funds management replicates the composition of these indices. Read the rest of this entry »

(FOA / Funds) – Swiss banking group Syz \u0026 Co announced Tuesday the launch of Oyster ForExtra Yield EUR, a new compartment of its Oyster Sicav seeking to benefit from high interest rates paid by some currencies. This strategy was tested for two years before being offered as a UCITS III fund. Focused on high-yielding currencies, it is very low correlation with traditional asset classes, the statement said. The fund is currently only available to institutional HYIP investors..

Each month, the fund’s assets are HYIP invested through foreign exchange forward contracts in the five currencies with the best risk / return ratio. Macroeconomic filters developed by the bank can limit the downside risks in periods of market turbulence. Still reserved for institutional clients, Oyster ForExtra Yield EUR will soon be registered in several European countries, including Switzerland. Read the rest of this entry »

Tomorrow, Minister Ritz will officially open a new bottling plant canola oil company-owned Jivo Wellness, one of the largest processors of canola in India. Jivo Wellness plans to double its volume of imports of Canadian canola oil over the next year to move to 210 tonnes per month and more than three million per year..

In Italy, Minister Ritz emphasized the need to exercise international leadership in establishing science-based trade rules, including a technical solution for the presence in small quantities genetically modified organisms (GMOs) in food for human consumption and animal feed. He met with Mr. He Changchui, Assistant Director General of Operations of the United Nations Food and Agriculture Organization (FAO) and Mr. Modibo Traore, Director Assistant FAO, as well as representatives of the Codex Alimentarius, the International Convention for the Protection Convention (IPPC) and the International Treaty on Plant Genetic Resources.

In addition to discussing the benefits of economic and trade agreement (CETA) Canada-EU trade with Giancarlo Galan, Italian Minister of Agriculture, and Mr. Paolo De Castro, chair of the Agriculture of the European Union, Minister Ritz is committed to working together to advance common interests in the study and popularization of biotechnology and the promotion of that it as a means of providing healthy food and high quality to a growing world population. Read the rest of this entry »

. I decided to end my functions as President of the Board of Directors of Societe Generale as of May 6 The Board shall elect at that time a new President.

Societe Generale has been under my management ten years of strong growth and smooth for clients, employees and shareholders first and foremost the employees with a good balance between retail banking in France and abroad bank financing and HYIP investment of high quality.

The company showed a great unit after Kerviel fraud, upon discovery, I submitted my resignation. The Board has denied. The capital increase, guaranteed within 48 hours, then saved the company successful and demonstrated the confidence of shareholders. Today, the transition that began a year ago with the appointment of Frederick Oudea the post of Executive Director General may end. The repeated attacks me personally in France for 15 months affect me but above all they can harm a bank of 163 000 people. It is my belief for a while. It is shared by administrators. In the current economic and financial turmoil, we must emphasize unity. It is better that I withdraw proud to have led a magnificent undertaking. Read the rest of this entry »

Geneva Financial Center suffers. In 2008, says the firm Booz and Company, the assets under management has melted down some 20%, despite a massive influx of new money. Therefore, more and more bank employees will join or rejoin the ranks of the many unemployed in the canton: their number is thus increased from 473 in June 2008 to 750 at the end of February, an increase of 60%..

And the figures do not take into account either the Border or Vaudois commuters or those who benefit, for the moment, a social plan.

However, indications are that this trend will strengthen. A few weeks ago, Credit Suisse estimated from 4000 to 5000 the number of jobs eliminated in the tertiary sector in Switzerland, in 2009. Within this sector, the bank will be the main victim, because insurance is still stable and business services are usually affected with a delay time by recessions.

At the end of last year, Union Bancaire Privee (UBP) announced the first decline in the hedge fund industry since 1990. The bank provided for a contraction of 30 to 35% in 2009. At the end of last year, the total under management fell from 2000 to 1,560,000,000,000 dollars. Read the rest of this entry »

Largest decrease in the Cac 40, for its part, Alstom dropped 4.60% to 34.14 euros. In addition, UBS and Credit Suisse have lowered their price targets by 40 to 38 euros for the former and 45 to 40.50 for the second..

SCOR allows itself to 3.45% 18.315 euros. The reinsurer posted a net profit of 111 million euros in the third quarter, up 18%. Revenues rose 17% to 5.02 billion euros in the first nine months of the year.

The HYIP investment certificate Areva takes 0.33% to 348.60 euros. The nuclear expert with Beijing has signed a contract to supply uranium to approximately $ 3.5 billion. Furthermore, President Anne Lauvergeon on BFM discussed the possibility of acquiring a stake of about 2% of Japan’s Mitsubishi in its capital.

EADS appreciates by 0.90% to 18.42 euros. Its subsidiary Airbus has signed contracts with four Chinese airlines for the sale of a total of 102 aircraft for a $ 14 billion. In addition, British Airways said it has neither cancel or postpone an order for 12 A380s. Read the rest of this entry »

Ten years in the red! Who would have thought at the dawn of the millennium would have predicted that the decade would be marked by the bursting of two bubbles, by the worst financial crisis since the Great Depression who predicted the rise of China, soaring natural resource prices are very few HYIP investors..

Financiers have agreed to embark on very long term forecasts… while highlighting the limitations of the exercise. Always adjust strategies as circumstances warrant.

This is purely demographic. Just take a look at the pyramid, which represents the population by age groups (young bottom, oldest at top).

Strategy for the next decade: In 2010, we must HYIP invest 10% of its portfolio in emerging countries and increase the weighting gradually as the market value of these countries will gain weight over the market value of global M believes. Landry.

Risk to keep in mind: Beware the bubble! Currently, all the money goes into emerging markets. Even if the strong economic growth bodes well long-term returns, we must consider the level of the stock market short term. Read the rest of this entry »

In view of the general meeting of Fortis Holding on Tuesday and Wednesday, 650 million Fortis shares have been deposited. Or 25.8% stake in the company. The Chinese insurer Ping An, the main shareholder with 5%, representing not less than 20% of voting rights. Ping An has also announced he would vote against the sale of the assets of Fortis to BNP Paribas. Ping An is explained in a statement: we believe that the dismantling of Fortis, which was not approved by shareholders, violated the procedures of corporate governance and is destructive value for shareholders. Other solutions are viable and credible and should be considered in the interest of all parties..

Wednesday, December 8 2010Pendant that several countries are struggling to emerge from recession, Canada’s major banks reported profits beyond imagination. The six largest Canadian banks reported profits of 20 billion Canadian dollars (19.5 billion USD) up 6 billion from the previous year. This is a significant rebound of 42% in one year. One can even describe this remarkable record, since it represents an increase of 67% from its low of 12.1 billion profit achieved in 2008, the worst year of the financial crisis. In 2007 and 2006, profits totaled just over $ 19 billion p… Read the rest of this entry »