Munich Re has released the first quarter 2012 net income after minority interests of 780 million euros, a figure consistent with expectations that stage is explained by a higher revenue from investments and a low level of claims for damages.
The consensus was 776 million euros, according to 10 analysts and brokers polled by Reuters.
"Despite the economic situation remains difficult, we are optimistic for 2012 and are aiming for a profit for the year of about 2.5 billion euros," said Jörg Schneider , CFO of the first global reinsurer, said in a statement.
In the first three months of 2011, accounts of Munich Re had plunged into the red after billions of euros of damage claims after the effects of earthquakes in Japan and New Zealand.
A Alelmand on two rather see Nicolas Sarkozy won the presidential election, a four qur Francois Hollande. Others do not care.
A German on two rather see Nicolas Sarkozy won the French presidential election and 55% of Germans support the policy of fiscal austerity Angela Merkel, according to a poll published Friday. According to the survey published in the German daily Die Welt, the German answer to 50% "Sarkozy" to the question: "What French President, the German perspective, would be the best choice?".
Of those polled, only 24% cite Francois Hollande. Other (26%) do not know or are not interested in the subject. When asked what they think the appropriate policy in this time of crisis for the euro: "maintain a policy of fiscal austerity or launch programs for growth," 55% of respondents advocate rigor advocated by Chancellor Angela Merkel . Only 33% say they prefer growth programs.
The survey was conducted among a representative sample of 1,004 people between April 30 and May 1.
Wall Street opened sharply higher Monday, the Federal Reserve chairman, Ben Bernanke, who hinted that the Fed will continue its accommodative monetary policy to support demand and help lower the unemployment rate.
In early trade, the Dow Jones took 0.80% (104 points) at 13,186 points. The Standard & Poor's, wider, gained 0.84% (11 points) at 1,408 points while the Nasdaq composite advanced 0.84% (26 points) to 3094 points.
Growth of the U.S. economy will have to accelerate job creation that do fall further unemployment, Ben Bernanke said Monday.
"An additional significant improvement in the unemployment rate will probably require a more rapid growth of production and demand from consumers and businesses, a process that can be supported by continued accommodative policies , "he said.
The dollar turned down against the euro after these statements. The single currency was trading at over $ 1.33.
Values, Lions Gate Entertainment gained almost 5% in early trade, after the flying start to his latest production, "The Hunger Games", which produced 214 million dollars in revenue for its first weekend of operation.
Investors monitor the numbers of the promises of housing sales (at 14:00 GMT), expected up 1% in February after rising 2% in January.
The S & P 500 fell 0.5% last week, a relatively modest decline but still the sharpest recorded over a week since late December.
U.S. stocks ended sharply higher Tuesday on signs of economic improvement.
The Dow Jones gained 1.68% or 218.12 points to 13,177.83 points. The Standard & Poor's 500 took 1.8% or 24.89 points to 1,395.97 while the Nasdaq Composite gained 1.88% or 56.22 points to 3039.88 points.
These data are likely to vary even slightly.
The tender rate to ten years back below 3%
France has raised a total of 9.479 billion euros, when issued to Treasury bonds (OATs) due 2017, 2019, 2022 and 2026, announced Monday the Agence France Trésor in a statement.
This is the third award in the long run of the year. On the line OAT 4.25% maturing October 25, 2017, tenders served primarily by the Treasury (ONC) totaled 233 million euros, bringing the total of the auction to 1.058 billion euros at weighted average rate of 1.91% against 2.42% in the last similar operation on 1 December.
On the line at 3.75% maturing October 25, 2019, the ONC totaled € 343 million bringing the total amount of ajdudication to 1.593 billion euros at weighted average rate of 2.48%. AFT does not provide a comparison on this line.
On the line at 3.00% maturing April 25, 2022, the ONC totaled 620 million euros, bringing the total of the tendering procedure to 4.535 billion euros at weighted average rate of 2.91% against 3.13% in the last similar operation on December 2.
On the line at 3.50% maturing April 25, 2026, the ONC totaled 292 million bringing the total of the auction to 2.293 billion euros at weighted average rate of 3.30% against 3.65 % in the comparable operation on 1 December. Regulation of these four lines will take place March 6.
With over 75 million dollars in revenue, "The Artist" is already highly profitable. But this should not stop there. Jean Dujardin with his Oscar for "The artist"
The phenomenal success of "The Artist" is obviously the happiness of the actors, director, writers, and especially of those who funded the film.
The least we can say is that the investment proves profitable. Approximately $ 15 million was spent on production, which must be added the 20 million needed for the promotion and distribution. And to date, the film has already earned $ 76.5 million worldwide.
Yet it is only the beginning, and we are moving towards more huge profits. Because different rewards, and in particular received five Oscars Sunday night, should significantly boost revenues. As highlighted in the newspaper Les Echoes, the example of "Chicago" in 2003 in this direction.
The musical was indeed the same level of income (about $ 75 million) as "The Artist" at the ceremony, where she had picked up six statues. The profits are then soared, reaching $ 307 million worldwide. Same conclusion with "The speech of a king", awarded last year and whose income totaled $ 414 million.
The box office, which currently amount to over two million in France, should experience a marked revival. United States also, and a little all over the world. While one should perhaps not be paid in the euphoria of the Atlantic, where the popularity of the film remains mixed.
The DVD, scheduled March 14, should also meet a great success. A nice bonus in preparation for Jean Dujardin and his cronies, who have not finished surfing on the wave of success.
Strengthening the European firewall is essential before the International Monetary Fund's resources are strengthened, ministers agreed the G20 finance summit meeting in Mexico City, said the final communiqué issued ; Sunday.
The central bankers of the world reflected this weekend in how to avoid a spreading crisis of European sovereign debt to all of the e ; global economy, calling into question an already fragile growth.
By combining existing resources and new financing, they intend to bring to nearly 2,000 billion the firewall surrounding the euro area.
Countries in the euro area have planned to meet in March to discuss this issue. Some countries, like China or Japan, have found that the decision by the euro area itself to raise more funds would be "essential" before they decide to turn to provide more funds to the IMF.
Germany and other European countries pleaded for this contribution is described as "important".
The British Finance Minister George Osborne has also been tough. "We are ready to consider a strengthening of IMF resources, but only once we have seen the color of money in the euro area, and we have not seen" , he told Sky TV.
At their next meeting in April, the G20 agreed to agree on a financial firewall around 2,000 billion dollars (1.487 billion euros) to prevent European debt crisis from spreading and threatening the global recovery.
GERMANY MORE FLEXIBLE?
This would be the most ambitious effort since the financial crisis of 2009, when the G20 has reached 1,000 billion dollars to save the global economy.
For many partners in the euro area, it is indeed the first European leaders to implement the necessary means to control the risks of contagion from the debt crisis, for example by combining lending capacity of its two mechanisms of financial stability, the European Financial Stability Fund (EFSF) and the European Financial Stability Mechanism (MES ).
This would bring their firepower combined with some 750 billion euros. G20 countries would then be more inclined to answer the call of the IMF, who wants more than double its capacity to respond by raising $ 600 billion of additional resources.
Added together, all these measures would create a global financial firewalls of about 1,950 billion.
A government official close to German Chancellor Angela Merkel, however, said Sunday that the MES already had adequate funds and that Berlin did not see the utility of a combination of SS and EFSF.
In Mexico, however, the negotiators at the G20 summit have suggested a different story, that of Germany more flexible.
"Everyone in the euro area and even in the European Union is reasonably satisfied to see a combination of SS and EFSF, even Germany, but it is too early to say that we will decide at the EU summit in early March, "said Margrethe Vestager, Minister of Finance of Denmark, which currently chairs the European Union.
The European Union sent a warning to the first five members may not meet the fiscal rules next year, said Tuesday Olli Rehn, the Commissioner of Economic and Monetary Affairs.
To reporters, he said to expect that the states concerned – Belgium, Cyprus, Hungary, Malta and Poland – take appropriate measures to rectify the situation.
Olli Rehn also said that the European Commission would ask the powers that control expanded to state budgets in the euro area does not infringe the European fiscal rules.
"Tomorrow the Commission will present two proposals that will bring more stability to fiscal policy in the euro area," said he, as the text of a speech.
"The first proposal seeks to promote a national culture of stability (in the member countries) requiring numerical rules on fiscal balance that are in line with the medium-term objectives of the Stability and Growth."
The pact – which sets the European fiscal rules – in the medium term provides a budget close to balance or in structural surplus (excluding debt service).
The Commission urges that these rules are transposed into national legislation, preferably in the constitution.
The planned sale by BP of an interest in a subsidiary in South America representing seven billion dollars (5.1 billion) has been canceled, which could complicate the will of the British oil giant to increase its dividends.
CNOOC, the first Chinese offshore oil producer, said on Sunday that its 50% subsidiary Bridas Energy Holdings had terminated an agreement for the purchase of 60% held by BP in Pan American Energy (PAE), oil and gas company based in Argentina.
When publishing its quarterly results last month, BP said it would announce an increase in its dividend in early 2012.
Visa announced Wednesday that revenue growth had slowed and that the group had paid more promotional premiums to its customers, which has set back the title in after-hours trading despite a profit above expectations.
The world of credit cards reported that its revenues had increased by 2.6% in the fourth quarter of fiscal year compared to the previous or their smallest increase since the beginning of the year.
Premiums paid to customers totaled $ 576 million against 421 million a year earlier.
"The results are slightly disappointing," Judge Chris Brendler, an analyst at Stifel Nicolaus & Co.
The action Visa declined by 1.7% in after hours trading these ads.
The San Francisco-based group has reported a net profit of $ 880 million in the fourth quarter of fiscal year, or $ 1.27 per share of Class A, against 774 million or $ 1.06 per share a year before.
Analysts were expecting earnings per share of $ 1.25, according to Thomson Reuters I / B / E / S, but it was not immediately clear if this figure could be compared with that published by Visa.
The number of transactions increased by 9% over the same period last year to 13 billion. Volumes have increased them by 13% to 970 billion.
The group also said it expected 2012 net annual growth of around 10%.
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