World Economy

May 25, 2008

Around the business press, Melanie Coste.

Concerns about oil overshadow the performance of Air France

Air France-KLM has published Thursday a record operating profit (1.4 billion euros) for the year 2007-2008, and its title fell by 10.24% at the close in Paris. His performances were erased by concerns over soaring oil prices. The CEO Jean-Cyril Spinetta has recognized that "the difficult years ahead," before revising the group's profitability to decline, stress Les Echos.



The fee will not increase

Eric Woerth has promised Thursday: "there will be no increase in fees" to fill the lack of funds after the elimination of advertising on public channels. It will therefore remain at 116 euros per household, note Le Parisien. The Minister of Budget has therefore rejected a tracks made by Jean-François Copé, chairman of the Committee on New public television.



Coup de theatre at the AG Atos Origin

Sometimes nothing goes as planned and events go wrong. Example with the general meeting of Atos Origin as its chairman of the board, Philippe Germond, has adjourned. The reason, said the British business daily Financial Times, the statement by the Chairman of the Supervisory Board, Gérard Guerguerian, eventually supported some proposals investment fund Pardus and Centaurus. "Traitor," shouted some shareholders, anxious to see these companies take control of the group. Atos should convene another meeting in early June.



GDF in the line of fire from Brussels

The European Commission opens an investigation into Gaz de France, which it suspected of anti-competitive practices. She suspected the gas lights of "pre-empting any available space in the pipes (gas transmission; ndlr) to the detriment of its competitors and, in addition, not to develop other pipes," says Liberation Friday. GDF provides him never to have received complaints from its rivals and risk a fine of 10% of its annual turnover.



Equal opportunities for growth!

The World Bank and Nobel laureate Michael Spence studied 13 countries whose economic growth has increased by 7% on average since the end of the Second World War. The Asia largely dominates the rankings (Japan, Hong Kong, China, Thailand ...), a classification whose experts have learned several lessons. These "economic miracles" all have in common, writes La Tribune (paid), a "country-specific strategy", "savings rates and high investment" and "the interests of ensuring equal opportunities" .



A report blames the management of the Company General

The colossal loss suffered by the firm in February and charged the trader Jerome Kerviel may not be the work of one man. The U.S. daily International Herald Tribune back on a report by international experts which involves the management of the French bank. The establishment has dismissed two of his superiors and his assistant.

by erectusplus at 7:28 AM |