Santander said Thursday net profit down 24% in the first quarter as a result of provisions for bad and doubtful debts up to 3.1 billion euros.
The largest bank in the euro area has reported a net profit of 1.6 billion euros, which is beyond the consensus of analysts.
The Tokyo Stock Exchange ended down 0.2% Monday, erasing gains from early trading after a report that the Bank of Japan would buy bonds of longer maturities, news that has prompted investors to sell index futures to buy Japanese paper to five years.
The Nikkei lost 19.19 points to 9,542.17 and the Topix broader, yielded 2.40 points (0.3%) to 809.54.
The Nikkei rose initially in favor of the agreement on the bailout of the International Monetary Fund (IMF) totaling more than $ 430 billion and the slight rise of Chinese PMI flash, indicating a relative stabilization of the country's industrial activity.
But the Asahi newspaper reported that the BoJ intended to extend its asset purchase program, which currently applies to sovereign bonds to two years in bonds at longer maturities, ranging up to five years.
The BoJ meets Friday and the market is expected to assouplisse yet its monetary policy by increasing its program of asset purchases – currently 65,000 billion yen (606.5 billion of euros) – the order of 5,000 or 10,000 billion yen.
Among the most traded securities on the session included Mitsui Chemicals, which lost 4.13% after reporting an explosion and fire in a factory of adhesives that have one dead and some 20 injured.
Veolia Environnement shares could resume directly to the ferry company SNCM, which liaises with Corsica, to facilitate the reorganization of its subsidiary public transport Transdev he wants to withdraw, Les Echos reported Wednesday.
This announcement could be made following a meeting this morning between the President of the Supervisory Board of SNCM, Gerard Couturier, and the CEO of Veolia, Mr. Frérot at Veolia headquarters in Paris, the newspaper said.
Veolia currently operates indirectly SCNM the capital, through which he is a shareholder Transdev joint with the Caisse des Depots (CDC). Veolia Transdev owns 66% stake in SNCM.
Veolia announced at the end of last year its intention to withdraw from Transdev, which owns 50%, as part of an outflow of its transportation activities. The balance is held by the Deposit (CDC).
According to Les Echos, the CDC and the investment fund Cube, owned by Natixis, "who have applied, would have made it clear that SNCM was too much in the transactions."
The daily added that the SNCM is considered "atypical and cumbersome" because of the economic and social setbacks that undermine it.
In early trade on the stock exchange, the action Veolia yielded 2%, biggest drop in the CAC 40 index in a market down 0.4%.
The Tokyo Stock Exchange ended higher Friday in small, signing its fourth straight session of progression through encouraging statistics from the U.S., but gains were limited by profit taking on export values.
The Nikkei gained 0.06% (6.55 points) to 10,129.83 points and the Topix broader, took 0.36% (3.12 points) to 866.73 points.
The weekly jobless claims in the U.S. fell last week to their lowest in four years, while manufacturing activity in New York and re Philadelphia region rose more than expected.
In this context, cyclicals have drawn their own in the game The manufacturer of construction machinery Komatsu took 1.71%.
The rebound of the yen, which resumed colors Thursday after touching a low of 11 months against the dollar has pushed some investors to take their gains in export values. Nissan, Honda and Toyota have yielded between 0.1% and 0.6%.
March is the end of the fiscal year 2011-2012 in Japan and many players prefer to ensure their profits for this date.
Between 1999 and 2011, real disposable income of SMIC employees has increased by over 10% while the net minimum wage increased by only 5%, according to a study by the Treasury. This increase is due to PEP and RSA. The minimum wage (SMIC) increased from 8.86 to 9 euros gross time to reach 1,365 euros for 35 hours, or about 1,073 euros net per month.
Between 1999 and 2011, real disposable income (taking into account inflation) paid to employees the minimum wage has increased by over 10%, reflecting gains in purchasing power, while the only net minimum wage No ' increased by only 5%, according to research revealed by Treasury Les Echos on Friday. "The disposable income of a single person without children, who have worked full time and paid at the hourly minimum wage increased 12%, while that of a single person inactive decreased by 2% in real terms," said the study.
This "strong growth in household disposable income at minimum wage over the last decade is mainly due to the introduction of measures to support activity that are PEP and RSA," say the authors. The employment bonus (PPE) was created by Lionel Jospin in 2001. This is a tax credit enjoyed by tax households where at least one spouse works. It is reserved for lower wages. On the RSA (RSA) came into force in 2009. It replaces the RMI and provides additional income to the working poor.
Both devices are often criticized because they have their faults, most prominently the fact that they coexist and are therefore redundant. The candidate Nicolas Sarkozy wants to also remove the PPE, to fund relief from social security contributions on wages els between 1 and 1.2 Smics.
Read about: Winners and losers of the elimination of the earned income tax
However, the assistance provided by these devices is "between half and all proceeds of purchasing power" of SMIC employees, the study says the Treasury, according to family structure and working hours. The RSA and PEP have particularly benefited one-income couples and part-time. This has resulted, says the Treasury to reduce the share of earned income in the household disposable income at minimum wage. The net salary represents only 56% of disposable income at the minimum wage for a single half-time, against 73% in 1999, and 93% for a single full-time.
Another contribution of the study population is very heterogeneous smicards. Only 45% are employed full-rate all year. 30% have owned a standard of living above the median, with the income of their spouses. The more modest 25% have a lower standard of living to 12 000 per year, against 19,400 euros for the 25% most affluent.
Figures solid vehicle shipments posted since the beginning of 2012 show that Volkswagen is able to achieve its objectives for 2018, said Monday the president of his Executive Martin Winterkorn.
"During the first two months of the year, vehicle deliveries show convincingly that VW has the resources," he said from Geneva, where stands a Motor Show.
In January, the group recorded a record number of 652,500 deliveries. This trend continued in February, he said without giving figures.
VW, already Europe's number one automotive, intends to sell more than 10 million vehicles by 2018 and achieve a pretax profit margin of around 8%.
The bankruptcy of four daily Normandy, Paris-Normandie, Havre Libre Press Havre, Fécamp and progress of their two weekly supplements was announced Monday at an extraordinary works council, officials said a union source.
The Tribunal de Commerce of Le Havre (Seine-Maritime), which is based the headquarters of the League of Norman Press, Publishing and Advertising (SNPEI) that has these newspapers will be asked to rule next Wednesday on February 29.
Martin-Benoît Curtoud, representing the National Union of Journalists (SNJ) in the EC SNPEI, said that the direction of the latter and that of the Hersant Media Group (DRG) which it is subsidiary "hope the appointment of agents for assistance."
The decline in circulation and advertising is the main reason for the bankruptcy filing.
The estimated turnover of SNPEI settled for 2011 to 39.6 million euros and its net loss was $ 2.2 million.
The draw of the four daily newspapers and their supplements was just over 75,000 copies paid last year, including 52,606 in Paris-Normandie, the main newspaper of the pole. The SNPEI employs 365 employees.
Caisse des Depots (CDC) has designated Monday's Deputy Director General Antoine Gosset-Grainville for the interim Augustin de Romanet until the e presidential election.
The mandate of Augustin de Romanet, CEO of the public institution since 2007, expires on March 7. President Nicolas Sarkozy had warned earlier this year that he would take no appointment as head of public institutions play a vital role in economic and social policy of the government before the presidential election of April-May
"Augustin de Romanet today informed its Executive Committee and staff of the Deposit of its decision to designate Antoine Gosset-Grainville, Deputy Director General of the Deposit, as director and acting in the absence or incapacity of the CEO, "says the CDC said in a statement.
Appointed general manager of the Deposit by Jacques Chirac two months before he left the Elysee, Augustine had said in early January Romanet be candidate to succeed himself. Under its mandate, with the financial crisis, the Deposit has intervened on many fronts, including participation in the rescue and the dismantling of Dexia or bailout of insurer Groupama.
The name of the secretary general of the Elysee, Xavier Musca, circulated as a possible contender for the post of CEO of the CDC.
Augustin de Romanet denied on Sunday evening as a candidate or being approached in the event of a replacement for Mr. Frérot at the head of Veolia Environnement.
Values to follow on Wednesday at the Paris Bourse, where the CAC 40 advances 0.57% to 3,430.96 points at 12:15, investors hoping that in Greece, leaders policies validate the draft agreement on the reforms demanded by its lenders in exchange for the second aid package of 130 billion euros.
* THE BANKING among the main beneficiaries of the market in hopes of a solution in Greece, while the European Financial Stability Fund (EFSF) will, according to Director General ral Assistant Christopher Frankel, probably have to play a key role in restoring the situation of the Greek debt.
FARM CREDIT advance of 3.74%, 2.91% BNP Paribas and Societe Generale 2.48%. The Stoxx sector index was 1.25% grants.
* The CYCLIC also benefit from the possible impact on growth in the euro area of a favorable outcome to the crisis in Greece. ALCATEL-LUCENT rose 1.86%, 1.78% of Renault and Lafarge of 1.33%. The Stoxx auto sector is 1.21% and the resource base 1.33%.
* ArcelorMittal (4.25%) is ahead of increases in the CAC 40, the value advantage as the eve of its earnings forecast for 2012, and its solid fundamentals judged by the market ;.
* VINCI (1.79%) said Tuesday night expect a stabilization of its operating margin in 2012 to its 2011 level, in a context of expected stagnation in activity due to uncertainties in Europe.
* TF1 (7.29%) is ahead of increases in the SBF 120 and M6 earns 2.51%, Bank of America Merrill Lynch has raised its recommendation on the two values of "neutral" to "buy" .
* NEXANS (6.98%), the world of cable, said he was confident for 2012 after a year 2011 marked by strong organic growth but also by a net loss of 178 million euros, a result of provisions related to an investigation of European competition authorities.
* KLÉPIERRE (1.84%) will propose for 2011 a dividend up 7.4%, to 1.45 euros per share, after last year's growth of 3 , 6% of rent, but the land has made no comment on the possible reduction of the participation of BNP Paribas.
* A reverse trend, SANOFI (-1.75%) shows the largest decrease in the CAC 40, 2012 announcing the exercise more difficult than last year with the loss of patents of several of its major EM ; medicines, including its anticoagulant Plavix.
* EADS lost 1.24% while the euro rose against the greenback in morning its highest level since mid-December to 1.3290 dollars.
* BOURBON (-2.49%) signed the largest decrease in the SBF 120 on profit-taking, analysts said, after rising 29% since the beginning of the year . The group reported an acceleration of growth in the fourth quarter of 2011, which allowed him to cross the symbolic milestone of one billion euros in annual sales, and pre see a continued improvement in 2012.
* FAURECIA lost 1.32% after a gain of 37% between late December and February 7. The supplier has confirmed its 2015 target of sales after a strong 2011 for the automotive supplier, with North America and China and despite an expected slowdown in 2012 in part because of Europe.
PSA Peugeot Citroën, which owns 57.4% of Faurecia, gaining 2.08%.
* THALES (-1.36%) has published an annual turnover down 1% and slightly below market expectations, but confirmed its operating margin targets for 2011 and 2012.
* ADP was down 1.04%. HSBC lowered its guidance on the title to "underweight", against "neutral".
The pan-European Stoxx 600 index is expected to grow about 4% from its current level and the end of next year, a growth limited by fears about the financial situation of Europe and the United States, according to a Reuters poll published Thursday.
The quarterly survey of more than 40 analysts and fund managers over the past week shows that the index comprising the 600 major European cap should come out to 250 points at the end of December 2012, against 240.08 points at the close on Wednesday and 265 , 25 points late July summer before his fall (-15% in August and September).
"The factors (rebound, Ed) largely concern the ability of the industrial states to bring order into their finances, whether it's debt management or the needed balance between spending and revenues "said Christian Jimenez, president of Blue Diamond Management.
"So the emergence of a new method for solving the debt crisis which should allow the return of confidence.