In the first three months of the year, adjusted earnings came in at 59.2 billion kroner (7.8 billion) against 47.2 billion ago one year and 53.4 billion expected by analysts.

Production of oil and gas over the period reached 1.970 million barrels oil equivalent per day, against 1.765 million a year ago and a consensus of 1.881 million.

For all of 2012, Statoil has stuck to its projections of production of some two million boe / d.

The IMF estimates that the debt crisis of the euro area poses the most acute global economic growth and financial markets fear that after Greece, Ireland and Portugal, it is the turn of Italy and Spain – the third and fourth economies in the region – to seek international assistance.

"There are firm commitments to increase resources available to the IMF more than $ 430 billion," say in a statement the G20 countries. 

The IMF will use this enhanced firepower to help any country or region that would require, but those are the fears that the crisis in Europe have accelerated ; Lere enhancement of its resources.

Sign of ongoing concerns of financial markets respond to the crisis of European sovereign debt, the yield on Spanish bonds to ten years has exceeded 6% this week and investors are concerned that borrowing costs of Madrid reach an unsustainable level.

"The extreme risks weighing on the global economy there are still some less began to fade," said the G20 in a statement. 

"However, growth expectations for 2012 remain subdued, the deleveraging affecting the growth of consumption and investment, the volatility remains high, partly reflecting the pressures of financial markets in Europe, and downside risks persist. "

Emerging countries have obtained their G20 partners guarantees to see their growing economic role gradually recognized in the Fund, through a strengthening of their voting rights. Brazil, in particular, had asked for a commitment to do so.

The Brazilian Finance Minister Guido Mantega said after the G20 meeting that emerging markets of BRIC – Brazil, Russia, India, China and South Africa – had unanimously agreed to provide additional funds to the IMF.

Previous Previous PauseSuivant 1. United States: $ 48 billion investment Next 2/10

Previous Previous PauseSuivant 2. China: $ 45.5 billion investment next photo 3/10

Previous Previous PauseSuivant 3. Germany: $ 30.6 billion investment next photo 4/10

Previous Previous PauseSuivant 4. Italy: 28 billion dollars of investments Next Photo 5/10

Previous Previous PauseSuivant 5. France: $ 5 billion investment Next Photo 6/10

Previous Previous PauseSuivant 6. India: 10.2 billion euros in investments Next Photo 7/10

Previous Previous PauseSuivant 7. UK: $ 9.4 billion investment Next Photo 8/10

Previous Previous PauseSuivant 8. Japan: $ 8.6 billion investment Next 9/10

Previous Previous PauseSuivant 9. Spain: $ 8.6 billion investment Next Photo 10/10

Previous Previous PauseSuivant 10. Brazil: $ 8 billion investment Next

Serge Kampf, aged 77, had reserved the option when renewing his term as CEO in 2010.

The Board of Directors of Capgemini, met on Wednesday, decided "to return to the classic formula of a CEO (and …) to appoint Mr. Paul Hermelin this function from the date of the next Annual General Meeting ", May 24, announced the leading European IT services, in a statement ..

……. Serge Kampf was appointed honorary president of Capgemini vice president and board to greet his "immense contribution" to a company he founded in 1967 and he led for 45 years

. In exchange, the action Capgemini earned a , 2% to 31.58 euros at 9:22, outperforming the CAC 40 (0.4%) and giving a market capitalization of 4.9 billion euros

.

The fight continues. Metalworkers block since 6:30 this Tuesday access to administrative buildings of the plant ArcelorMittal Florange (Moselle). Thirty workers wearing jumpers of the CFDT, CGT and FO have taken a position before the checkpoint leading to the "big offices" staffed usually several hundred frames.

In the pale light of dawn, the steelworkers have improvised at the gates with a pile of straw bales and wooden pallets. Some managers and administrators have been forced to turn back by the workers protest, fearing an imminent closure of the steelworks. Most of the inside workers hired to 8:00.

"This is once again disrupt production at the site" which is partly controlled from the "big office," said a trade unionist. The blocking is expected to continue throughout the day, he said. This is the second blocking access to the administrative buildings of the factory in less than two weeks.

February 28, fifty steelworkers were blocked for a dozen hours access to "big offices". This blockage was "unacceptable" by the management group's Atlantic-Lorraine. "ArcelorMittal strongly condemns the blocking (…) by a small group of trade unionists (who) and prohibit access to their workplace to the other employees of the company," had found direction in a statement.

Monday, the workers decided to continue meeting in their movement. The Inter announced it would conduct new blockages Tuesday, she would visit all workshops and site Wednesday that it "would rise" in Paris Thursday. A "great national day" demonstration will also be held March 22 in Florange by the CGT on the theme "The industry and the steel industry in France," said the union plans to bring in Lorraine "thousands of French and Belgian steelworkers. "

March 8, direction, accompanied by thirty guards, had taken possession of "large office", February 20 invested by metallurgists to cries of "Mittal, we want to work". Movement by engaging in late February, a CFDT Inter-CGT-FO (GSC / CFE has withdrawn since) had promised to make Florange "the nightmare of government" if the two blast furnaces of the steelworks, dormant for several months, were not given a prompt start. ArcelorMittal ensures it is only a standby temporary, made necessary by an insufficient global demand for steel.

The EU executive believes that these two sets of measures would allow the euro area to overcome the current crisis by advancing to an organization in which greater solidarity would be offset by increased liability of the members.

Depending on the device, the EU executive could amend not only the first draft national budget, submitted in April, but the budget bills during the second half of the year.

The Commission may make recommendations or even claim that a new budget is established, if necessary up to defend his opinion directly to national parliaments after discussion between the finance ministers of the euro area.

But the parliaments retain the final say on the budget, but the EU executive would in turn can open without waiting for an excessive deficit procedure if it considers that the country moves away from the budget path which is recommended.

In extreme cases when the country refused repeatedly to comply with EU recommendations, it could be placed "under administration" Community Trust in the clear in Brussels.

Groups and UMP New Centre (NC) voted this draft budget called "obsolete" by the leftist opposition, who voted against.

This draft budget, the last of the five-year and the Legislature, is built on a projected growth rate of 1.75 for 2012 but the government has revised this rate downward by reducing it to 1%.

In the second part of the expenditure, the budget contains several provisions of the savings plan submitted on November 7 as the removal in late 2012 of the device "Scellier", a tax benefit for investors in new homes for rental .

Another measure of austerity November 7: the refocusing of the interest-free loan that will be reserved for new homes and means-tested.

Or a shot of "plane" of 15% and not more than 10 of the tax loopholes.

Meeting in Brussels, ministers primarily responsible for preparing the ground for the Heads of State and Government in defining an acceptable range of options increased participation of the private sector to the new Greek plan on a "maximization" of fire capability fund to support the euro (EFSF) and the recapitalization of European banks.

"This afternoon, we will discuss the leverage for the rescue fund, but without committing ourselves to details," said the chairman of the Eurogroup Jean-Claude Juncker.

"We will try to present to the Heads of State and Government of a policy statement (…) We will try by next Wednesday to have as much detail as possible," he added.

The heart of negotiations on the EFSF, that Paris would be granted a banking license, allowing it to access funding from the European Central Bank to increase its capacity for action by a factor of up to five.

But Berlin refuses, however, this possibility would be to accept that the institution of Frankfurt finance the countries of the euro area, one of the dogmas explicitly excluded by the European treaties.

The other members of the euro area are also divided, Belgium and Spain having voted for a reconciliation BCE-EFSF while Slovakia and Austria have indicated that this solution was not studied.

INTERNATIONAL PRESSURE

According to several sources, Paris and Berlin are unable either to agree on the amount of the participation of banks in new bailout of Greece.

The German authorities, in particular Finance Minister Wolfgang Schäuble, insist that the envelope of 50 billion euros negotiated on July 21 is significantly revised upwards, if necessary by forcing banks to make an extra effort.

According to government sources German, Greek debt should be reduced to around 120% of its gross domestic product (GDP) against 162% today.

But again, the members of the euro area are widely divided on the different options on the table, the level of the discount to be applied to Greek bonds as well as voluntary and non-bank participation.

The count-down is initiated, however, for not only the peaks of Sunday and Wednesday but above the summit of Heads of State and Government of the G20 in Cannes in early November.

Present in Brussels, the executive director of the International Monetary Fund, Christine Lagarde, said the institution would seek to assist the Europeans to resolve the crisis.

"The IMF will do all it can to help Europe, particularly in the Eurogroup, to find solutions," she said.

Thursday night, U.S. President Barack Obama held talks on the economic situation in Europe with his French counterpart Nicolas Sarkozy, German Chancellor Angela Merkel and British Prime Minister David Cameron.

The EBIT of the company thus stood at 330 million euros for the three months to September against 244 million a year ago.Turnover increased 20% over the period.

Deutsche Boerse and NYSE Euronext have until Nov. 8 to communicate officially to the European Commission their responses to concerns in Brussels about their merger, said last week a source close to the matter.

For now, officials of the two stock exchange operators are still reading and analyzing the "statement of objections" sent to them by the Commission on October 5, it says. This release contains the objections of the EC to the merger in terms of competition.

The agreement to acquire the operator of stock exchanges of New York and Paris by the operator of the Frankfurt Stock Exchange was concluded in February.The merger will create the world's largest exchange operator.

Earlier in the day, another source said that European regulators should organize on October 27 an oral examination of the merger.

He added that any revision of the plan provided for Greece in the Europe Agreement of July 21 will continue to provide that the private sector participation is voluntary and avoid a credit event.

The President of the Commission, speaking on the sidelines of the LCI meeting of G20 Finance in Paris, said the European countries with fiscal room should be used to support growth.

"A decision must be applied immediately, a decision on the strengthening of the European stability, a decision on a greater guarantee for our banks," he said.

"States that have room for maneuver should support demand," he added.

José Manuel Barroso declined to quantify the need to recapitalize European banks, on which European leaders emphasize their pressure to enable them to withstand greater losses than expected on the sovereign debt of the most fragile countries in the euro area.

The European crisis is on everyone's mind at the meeting of G20 finance which opened Friday in Paris to complete proposals on reducing global imbalances in the context of the Cannes summit of November 3 and 4.