BP has relaunched the sale of its assets in Alaska after the collapse of talks for a sale to the American Apache in July, the Financial Times reported Monday.
Citing banking sources, the newspaper reported that Apache, which is based in Houston, Texas, is still face potential buyer.Occidental Petrolem Corp., another U.S. group, could also show interest.
The Financial Times says it is not known yet whether the British staff intends to sell its entire 26% stake in the Prudhoe Bay oil field, which includes a right of exploitation of the deposit payday loans.
BP is also in talks to sell assets in Vietnam and Venezuela as part of its plan to sell $ 30 billion to finance the cost of oil spill in the Gulf of Mexico.
On Friday, the oil group said that the cost of the disaster reached eight billion dollars now.
Consumer spending in U.S. households rose 0.4% and revenues by 0.2% in July, show statistics released Monday by the Commerce Department.
Consumer spending and showing the strongest gain in four months, receiving a slight increase in revenue.
The figures for consumption and income showed an unchanged rate in the month of June
Economists and analysts polled by Reuters had forecast an average increase of 0.3% of consumer spending and incomes in July.
The savings rate was 5.9%.
After the publication of these figures, futures on the S & P 500 have cut their losses.
Axa announced Wednesday better than expected financial results for the first half despite an increase in half-mast, a performance in line with its objective to give priority to the recovery in margins rather than its development.
The second group of European insurance by market capitalization has reaffirmed its commitment to reallocate capital to its geographical margins of the most promising, even to withdraw from certain activities in mature areas.
"That does not mean that we do not have aggressive strategies in certain areas at present" said CEO Henri de Castries, and in an interview broadcast by the insurance group.
The manager has shown this strategy through the recent sale of several business lines in Britain and a willingness to invest in countries and trades in Asia, South America or Eastern Europe.
"This strategy is not as simple as when the whole world was growing at the same pace," he said.
Axa has benefited in the first half of rebounding financial markets and a better performance of its life insurance business, savings and pensions business, which offset the damage, which has suffered many natural disasters earlier this year .
NO CHANGE OF SENTIMENT
If these results are rather a good surprise, two analysts issued notes in the wake of the results fell they should not substantially change investor sentiment vis-à-vis the company.
At 09:15, the title was up 1.4% at 14.94 euros, after opening up over 2.6%, while the CAC 40 index yielded 0.2%.
Axa has lost about 10.9% since the beginning of the year, underperforming the European index DJStoxx insurance, which gained 3.16% over the same period.
The group's net profit stood at 944 million euros, a figure well above the 623 million approached by the consensus of analysts conducted by the editor of Reuters.
If the result is displayed down 28% over the same period last year, this drop is due to the supply of 1.478 billion euros spent by the group following the sale of assets United Kingdom, cited by Henri de Castries.
Without this extraordinary loss, net income would rise by 81% while revenues only increased it by 1% to 49.925 billion euros.
The decline in operating income amounted to 3% to 2.082 billion euros, superior performance under one billion to 1.884 to Reuters.
Axa has not commented on the offer of 11.5 billion dollars from the National Australia Bank on its subsidiary AXA Asia Pacific.
The subsidiary has announced a profit of 219.2 million Australian dollars for the first six months of the year, a figure in line with market expectations.
The offer, which clashed with the Australian authorities to the competition runs until August 31.
Soitec said Monday sales of 2010-2011 in the first quarter increased 56.5% over the same quarter in 2009-2010 and 9.6% from the previous quarter, against a background of strong demand and thanks to a favorable currency effect.
The world's leading manufacturer of silicon-on insulation (SOI) for the microelectronics industry said in a press having achieved sales of 68.6 million euros over the period April to June 2010.
Soitec anticipates sequential growth in sales over 20% in first half on the basis of one euro to $ 1.27, with a return to balanced operating income, including its new photovoltaic business Concentrix.
"The latest information on the second quarter show a level of wafer sales support," said the company in a statement. "On a sequential basis, the quasi-stable plate sales at constant exchange rates to continue to support the initial prediction of the group given the correct orientation of the demand," she adds.
Soitec announced in May that a return to operational balance power could intervene in the first half, Concentrix out after a loss of 28.9 million euros in 2009-2010 and 28.4 million in 2008-2009.
Soitec acquired last December 80% of photovoltaic systems provider Concentrix.
After three days of consecutive increase, Wall Street opened Friday on a tentative note, pending results of the first companies to be published next week.
A few minutes after the start of trading, the Dow Jones fell by 0.05%% to 10,133.70 points and the Standard & Poor's 500 by 0.07% to 1069.46 points while the Nasdaq Composite advanced 0 , 09% to 2177.45 points.
If the optimism shown by State Street in mid-week its quarterly earnings outlook is considered auspicious by analysts for earnings season, investors prefer to wait for their actual publication, especially since there no important macroeconomic indicators on Friday.
The wait-market is reflected in low volumes and partly explains the volatility seen this week on Wall Street.
As for values, Boeing gained 0.12% after formally responded to the call for tender for the tanker to the U.S. Army.
Google took him 3.31% in favor of renewing its operating license by the Chinese authorities, a decision that allows the U.S. group to remain on the largest Internet market in the world.
The Paris Bourse is distributed downward and fell below 3,600 points on Thursday mid-morning, the fears surrounding the sovereign debt of the euro area resurfacing and penalizing bank stocks.
In addition there are comments from the Federal Reserve of the United States, acknowledged Wednesday that a U.S. economic recovery faltering.
A significant gap between the yields (spreads) of debt Greek and German revived fears about the euro area.
The CAC 40 index, which opened in rebounding, losing 1.17% to 3599.27 points at 10:55, the next support lying at 3580.
BNP Paribas (-4.19%), Societe Generale (-3.01%), Dexia (-2.73%) and Credit Agricole (-3.05%) recorded the largest declines the CAC 40.
"The market fell because of Greece, the spreads diverge. It's affecting the banks," said a vendor.
Other major European markets have also turned down.
Raoul Sachs, edited by Dominique Reynolds
The presence of BP boss Tony Hayward to a luxury yacht regatta on the Isle of Wight in full spill in the Gulf of Mexico has prompted a deluge of criticism, White House head, said Sunday that s 'acting in a "serious mistake".
The stunning images of sailboats cruising off the southern coast of Great Britain during the race "JP Morgan Asset Management Round The Island" turned Loop Sunday morning on U.S. television. The CEO of British oil giant was present Saturday, with family, to support the yacht "Bob", worth 300,000 euros, which he co-owns with two others.The boat finished fourth.
See also: Why BP has it all wrong
But the trip goes wrong side of the Atlantic, two months after the start of the spill, while every day brings new images of oiled birds or contaminated beaches by the millions of gallons of oil spilled into the Gulf of Mexico.
"It's part of a long series of mistakes and blunders of communication," he told the secretary general of the White House Rahm Emanuel in an interview with ABC television broadcast Sunday. "I think we can all conclude that Tony Hayward not start a second career in public relations consultancy," joked the top U.S. official."This is a serious mistake," he said, addressing a new pic to the Director General of the British group: "To quote Tony Hayward, he found his life before.
Author of several communication blunders, including Mr. Hayward said of the disaster: "There is nobody who wants more than me that all this ends, I want my life before."
BP immediately sent his spokesman to the front to try to extinguish the fire. "Wherever he is, he is still in touch with what is happening" on the oil spill, said one of them. It is also his "first day off" since the beginning of the disaster, said another.
In vain, well beyond the White House, critics recycled again and again on all sides. For Greenpeace, the attitude of Mr. Hayward "puts salt in the wounds" of victims of the spill, while the New York Times noted on Sunday that Mr.Hayward had "triggered a new controversy." "The culmination of arrogance", has even dropped the Republican Senator Richard Shelby of Alabama, one of the states affected by the spill. "The yacht should rather be there picking up and clean the oil," he said on Fox News.
These remonstrances conclude a difficult week for the controversial boss of BP, which is expected to retire soon from the daily management of the crisis.Auditioned Thursday to Congress, an officer was entitled to the same ton of comments from elected officials shake their heads at the mistakes in front of the BP oil spill.
The British group would also raise $ 50 billion to fund the cost of oil spill in which the fund of 20 billion dollars that BP has agreed to create this effect, according to British press.
It is also to reassure the markets after the steep decline of BP action.
BP has also ensured he paid $ 104 million in response to complaints from residents of the Gulf of Mexico affected by the spill, indicating having received a total of 64,000 complaints.
The group gets an average total of 25,000 barrels of crude per day, according to U.S. Coast Guard, while the well located at 1,500 m depth spits each day between 35,000 and 60,000 barrels (up to 9.5 million liters) .
In exchange for the bailout unprecedented 110 billion euros, Greece agrees to follow an intensive austerity. This plan aims to reduce the deficit from 13.7% to 3%, and this in two years … An ambitious, some would say impossible … Yet other countries such as Ireland, Sweden and Finland, have succeeded in the past to reduce their deficit.
Those who managed …
The report on public finances published by the IMF in November 2009 lists the fiscal adjustment efforts of two dozen countries over the past 30 years. Ten countries have improved their finances more than 10 points. In 1989, Ireland had such success in lowering the deficit to 20 points, knowing that it still took him 11 years to get there … Another example: in 2000, Sweden and Finland have managed to reduce their deficit of 13.3 points, and that in 7 years.The IMF report notes that more than 20 countries have been able to adjust more than 5 points, their public balance: Japan by 8.1 points, 7.9 points in Italy, Germany by 5.3 points. However, there is no state that in two years. The most "fast" are Israel in 1983 (11.1 points in 3 years) and Cyprus in 1994 (5.2 points in 3 years).
So why Greece did it not happen? After all, she has already, according to IMF data, managed to reduce its deficit from 12.1 points in six years to reach 4.8% in 1995. Admittedly, the statistics of the Greek period are unreliable. Nevertheless, other countries have indeed succeeded in completing their program of readjustment.