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BP took advantage Tuesday of the publication of a quarterly profit in line with expectations that it was preparing to fight "vigorously" complaints related to oil spill Spring 2010 in the Gulf of Mexico, which will begin to be heard at the end of the month.

Bob Dudley, chief executive of the British oil company, said that BP was ready to settle amicably "based on fair terms and reasonable "the 600 lawsuits filed against him by individuals and the Federal government.

The hearings is scheduled Feb. 27 in New Orleans. 

BP, Europe's number two oil in terms of market capitalization, has raised $ 1.8 billion, 43 billion (33 billion euros), the cost of cleaning of the worst oil spill off the U.S..

BP, which said it was almost done cleaning, added that the contributions of its partners involved in the disaster it would end in 2012, one year earlier than expected, payments to a compensation fund of $ 20 billion.

The explosion of the drilling platform Deepwater Horizon, April 20, 2010, was 11 dead and dumped more than four million barrels of oil. 

BP also said it raised its quarterly dividend by one cent, bringing it to eight hundred in favor of strong cash flow generated by the rise in Gross.

"This is a positive sign of confidence in the improved operating performance," said Tony Shepard, analyst specializing in oil at Charles Stanley.

Around 24:50 GMT, BP lost over 1% to 483.8 pence, while the index grouping the values ​​of European oil yielded 0.6%.

For the fourth quarter 2011, BP reported a profit at replacement cost of 7.606 billion dollars, a figure boosted by a contribution of four billion Anadarko linked the oil spill, against 4.614 billion a year earlier. 

Excluding items, the quarterly result was up 14% to $ 4.99 billion, compared with 4.89 billion expected by the market according to Thomson Reuters consensus I / B / E / S.

Royal Dutch Shell announced last week a 18% increase in quarterly profit and ExxonMobil adjusted up 2%.

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The title Benetton was suspended Thursday in early trading on the Milan Stock Exchange after having risen sharply in early trade, while the Benetton family wants to buy out the minority to remove the group of ready-to-wear Italian coast. The action was set up from 19.7% to 4.85 euros, above the 4.60 euro proposed Wednesday by the family to carry out this operation. The price used represents a premium of 15.6% over the course of last Tuesday, the day the buyout of minority interests was announced. The rating action was suspended until the opening on Thursday.

BSkyB, Britain's first pay-TV, was up in London Stock Exchange Tuesday after the publication of results that are robust under its fiscal first half. </ P> " It's better than expected across the board and those sold on expectations of disappointing results will now seek to buy to take advantage of opportunities for long-term growth, "said Atif Latif, head equity and derivatives trading at Guardian Stockbrokers. </ p> BSkyB has released an operating profit up 16% to 601 million pounds (718 million), for a turnover up 6% to 3.4 billion pounds.</ P> In London, the share rose nearly 3% to 684.1 pence in late morning, in a market up 0.9% after underperformed since the beginning of the year. </ p> Investors were concerned to pay high tariffs for the retransmission of market ; s football, high investment to be made in the fiber optics and new entrants such as video sites Netflix and Lovefilm. </ p> Facing , this new competition, BSkyB announced Tuesday the launch of an online offer. The group is particularly the 13 million households who are not subscribers to its pay channels. </ P> BSkyB has managed to grow its results in the context e ; gloomy economic, attracting consumers on its sports channels, economic, and on the internet. However, this model begins to show signs of slowing in recent quarters. </ P> The figure of 40,000 net new customers in the second quarter is higher than the 26,000 the first quarter, but less ; Interior to 140,000 the second quarter of the previous year. Analysts had expected a net positive balance of 58,000 customers. </ P>

Angela Merkel and Nicolas Sarkozy are considering the establishment of a Stability and Growth limited to a few countries in the euro area, the Welt am Sonntag reported on Sunday.

A new deal would avoid waiting for a treaty reform could drag on, the newspaper quoted German government sources.

German Chancellor and French President could unveil the next week this proposal as part of a plan against the debt crisis.

"Based on these measures," the newspaper, "there should be a majority in the European Central Bank for a more strong capital markets.

The AMF said Thursday it had opened an investigation following the release by the rating agency Standard & Poor's erroneous information suggesting that the French sovereign rating was lowered.

The AMF said in a statement it had contacted the European financial supervisory authority (ESMA), under its powers of scrutiny of rating agencies.

The French finance minister, Baroin, had previously requested the opening of the investigation into the causes and possible consequences of the mistake, which he described as "quite shocking rumor of information that do not match any foundation" .

"We will not leave any negative message through.It was a strategy, we have an appointment in terms of deficits that is fixed. It will not change one iota, "he said in Lyon on the sidelines of a conference on the economy.

As investors worried about a possible spread of the crisis in the euro area to the major European economies, the error of S & P was able to accentuate the room nervously.

The yield of the loan to ten years jumped by about a quarter point, its largest increase since the launch of the euro in 1999.

Clarification of S & P was issued in English in Paris at 17:40 (16h40 GMT), after the market close.

Wall Street is entering a crucial week that will allow investors to determine whether the U.S. stock markets are able to make it three and a further rise in weekly chain.

After its strongest rally recorded in two weeks and more than two years, the S & P 500 rises to a high of two months.This index, the most followed by fund managers, finished Friday above the 1220 points, a level it had not crossed since early August.

The fate of the New York stock market indices may depend on which will be published quarterly in quick succession this week, with the publications of third groups included in the Dow Jones.

In this list are Microsoft, American Express, Johnson & Johnson as well as Citigroup and Goldman Sachs will have to forget the disappointing trial results released last week by JPMorgan.

But investors will be especially the eyes of the figures for Chimene will be delivered by Apple after the death of its founder Steve Jobs and the launch of the fifth version of its iPhone, 4S.

"There are fundamental catalysts that could have a positive influence on the trend," said Richard Ross, Auerbach Grayson strategist at New York.

He said the S & P 500 "has the potential to go far beyond this level of resistance (1220 points) and quickly find the next level, between 1265 and 1275."

The spectacular rise in stock market indices from the lowest of 2011 took many investors by surprise and many traders and managers have tried to catch the train.

Last week, the Dow Jones took 4.9%, the S & P 500 6% and the Nasdaq 7.6%.

RESULTS IN SUPPORT

The estimated results and already published suggest an average growth of 12.4% of the profits of listed companies on the S & P 500, according to Thomson Reuters data.In July, growth was stood at 17%.

But groups such as Apple or IBM, whose shares have risen to historical highs Friday, should exceed the expectations and any positive surprise will fuel the rally.

"The prices will start to reflect more optimism," said Wasif Latif of USAA Investment Management.

"The groups with high growth, with expectations that surround them, must have a factor of 'wow'," adding that it was not impossible that the two groups still climbing.

Sign of easing tensions, the VIX index of volatility, sometimes referred to as a barometer of fear, fell over last week, closing Friday at a low not seen since Aug. 3.

While the proliferation of indicators and poor acceleration of the crisis of European sovereign debt had fueled the shift of indices, investors now seem to have chosen the side of optimism, encouraged by the activity responsible for the area euro.

These indicators, which appeared this summer also suggests a return to recession in the U.S. now seem less bad than some expected.

The European Central Bank (ECB) believes that the threats have intensified to the economy of the euro area and will provide liquidity to banks to longer term to avoid a new erosion of liquidity (credit crunch).

The ECB left its rates unchanged on Thursday – its refinancing rate thus remaining at 1.5%, as expected by the markets most often – at the end of the last meeting of President Jean-Claude Trichet, who will forward the torch to his successor, Mario Draghi at the end of the month.

The Bank of England also kept the status quo, but it announced that it injected 75 billion sterling in the UK economy more.

"The economic outlook remains subject to a particularly high uncertainty and downside risks of intensified," said Jean-Claude Trichet during his traditional press conference, held this time in Berlin.

Its diagnosis is darker than last month, when he limited to detection of downside risks, and investors may well conclude that a rate cut is coming.

The ECB raised interest rates twice this year and it is possible that inflation rose to 3% last month, while its goal is to just under 2%, is prevented from reversing steam on the field.

"Inflation has remained high …and likely to remain above 2% in the coming months before declining thereafter, "observed the chairman of the central bank.

"It is likely now that the ECB is preparing a rate cut in the next four months, by March at the latest," said Holger Schmieding, economist at Berenberg Bank.

NOTHING TO DO WITH EFSF

To help banks to withstand a worsening crisis of sovereign debt in Europe and the growing tensions in the interbank market, the ECB has raised its tender for a year and a little more, this one taking place month and the other in December.

"The Governing Council decided to conduct two refinancing operations in the longer term, one with a maturity of approximately 12 months in October and the other with a maturity of approximately 13 months in December, these operations will be conducted following standard procedures of the fixed rate allocation with unlimited, "said Jean-Claude Trichet.

The tenders a year were introduced in June 2009 and the first operation of this title has generated unprecedented allocation of 442 billion.

Jean-Claude Trichet said the ECB would resume its purchases of bonds by reopening the program of 60 billion euros applied from 2009 to 2010.She will spend this time 40 billion euros to the thing over a period of 12 months from November, the transactions taking place on both the primary and secondary market.

"Providing liquidity and allocation methods for refinancing operations will always ensure that banks in the euro area are not subject to tensions with regard to liquidity," commented Jean-Claude Trichet. "All unconventional measures taken during the acute tensions in the market are, by nature, temporary."

Although qu'usant measures called unconventional, Jean-Claude Trichet has nevertheless called for a certain orthodoxy in the means of action of the ECB.He thus rejected the idea of ​​transforming the European Financial Stability (EFSF) in a financial institution may solicit funds from the bank.

"I would say (…) that the Board of Governors does not consider it appropriate that the ECB boosts the EFSF," he said.

The draft budget for 2012, the last of the five-year Nicolas Sarkozy, is planning to reduce the public deficit to 4.5% of GDP at end 2012 before reaching 3% in 2013, years during which the public debt ratio would begin to decline.

But the deteriorating economic situation and the outcome of the presidential election of April-May, for which the Socialist opposition is the favorite, could rapidly complicate or disrupt the exercise settings.

"This government will put an end to the continued increase in state spending since 1945 is a historic change", welcomed the budget minister, Valérie Pécresse, presenting the text to reporters Wednesday.

"For the first time since 1945, state spending will decline by one billion euros in absolute value, excluding charges of debt and pensions," she said.

The budget deficit should be reduced next year to 80.8 billion euros if Parliament following the government request to find one billion euros in additional budget debates. This deficit is estimated for 2011 to 95,500,000,000 euros.

The general government deficit, which includes financial statements and those of local communities, will be 5.7% in late 2011.And, once found the European limit of 3% in 2013, it would be reduced to 2.0% in 2014 and 1.0% in 2015, a course which aims to strengthen the note "triple A" given by the French debt the major international rating agencies, a stated priority of the Elysee.

Government debt was 87.4% of GDP at end 2012, 87.3% in 2013, 86.2% in 2014 and 84.1% in 2015, after 85.5% expected in late 2011.

UNCERTAINTIES

The text confirms the government forecasts economic growth to 1.75% in 2011 and 2012 – which are higher than many economists – and then to 2.0% in 2013, 2014 and 2015.

The collapse of financial markets and the deteriorating international economic conditions have in fact further dimmed the prospects for growth, as further illustrated on Wednesday the confirmation of no growth of France in the second quarter.

These pressures on growth does not necessarily discredit the 2012 budget, estimated Monday Michel Didier, president of the Institute of Economic Studies Coe-Rexecode, which expects growth to 1.2% next year.

"Between 1.2% and 1.7%, it is not likely to upset the public finances," said he. "The key is to stay on a path where one earns a point deficit annually."

Economic uncertainty coupled with the impact of the next presidential election.Ever, since France goes on every year deficits, or the mid-1970s, the deficit has in fact declined during a presidential election year.

"The President reiterated that our goal of deficit reduction was untouchable and would be held ready for the euro," said Valerie Pécresse during the proceedings of the Council of Ministers.

ITEMS REMOVED FROM 2007 150 000

For the second consecutive year, state spending will be frozen in value, excluding debt and pensions.

The non-replacement of a civil servant retiring two will continue in 2012 with 30,401 job cuts, bringing the number of cuts to 150.000 full-time equivalent positions over the life of the quinquennium.

According to government projections, the wage will fall and next year for the first time since 1945, amounting to 0.2 billion euros.

The debate on the draft budget, which begins Oct. 18 in the National Assembly, should focus on measures the most iconic, even if their financial reach is limited.

The "outstanding contribution" of 3% for high incomes seems guaranteed to occupy the center stage.The government is said to be open and to lower the threshold by parliamentarians of the measure, which should lead to reducing it from 500,000 to 250,000 euros.

To finance its debt, France plans to issue next year to 179 billion euros of debt in the medium and long-term (net of redemptions) against 184 billion euros this year, announced the Agence France Trésor, which manages the debt of the state.

The proposed budget anticipates a 1.7% inflation in 2012 and holds a hypothesis for Brent oil barrel to 110 dollars and euro / dollar of 1.43 in 2012.

BNP Paribas, which has denied information published in the American press that the French bank would encounter problems of funding in dollars, on Tuesday urged the Financial Markets Authority (AMF) to open an investigation.

In an article entitled "The problem with French banks," published Tuesday in the pages of The Wall Street Journal Opinion, noted that "anonymous part of BNP Paribas' would have reported problems of liquidity in dollars and would raise the" creation of a market in euro "to deal with, said the BNP.

Following the information published in the WSJ, BNP Paribas has been experiencing extreme volatility.After falling nearly 10% more than in the morning, the stock finally closed on a rebound of 7.2% to 28 euros.SocGen has been awarded the title for almost 15%.

"BNP Paribas formally denies the remarks attributed to the anonymous source and confirmed that it finances itself quite normally in dollars, either directly or through swaps," the bank wrote in a statement.

The Wall Street Journal declined to comment.

In a document accompanying this release, the BNP said that it has strong funding in dollars, with 65 billion of assets in the short term (less than one year) in dollars and 135 billion euros of assets eligible to central banks after discount.

The group also said to have significantly increased the average maturity of its short-term financing since the crisis and have an "abundant" resources euro.

"BNP Paribas has today called on the Financial Markets Authority opened an investigation into the dissemination of false news about the dollar liquidity," the French bank reported a second press release issued at the beginning evening.

French banks, caught in the turmoil of the debt crisis in the euro zone, trying to reassure the market on their financial strength after seeing their market capitalization fall since the beginning of the summer.

Societe Generale's capitalization has fallen by 55% since the beginning of the year, 45.8% Credit Agricole and BNP Paribas of 41.2%.

Societe Generale, which has itself asked in August to the AMF to open an investigation into rumors about its financial strength, is mounted to the plate Monday to ensure that it can meet its commitments public debts of States weakened the euro area.

For its part, BNP Paribas had already assured last Wednesday have excess liquidity in the short term dollar.

The major powers met in Paris on September 1, have decided to release money from Libya to finance reconstruction. A demonstration in support of the rebels Libyan National Transition Council to Benghazi in May 2011.

The UN and major powers have drawn Thursday in Paris a roadmap to the new authorities in Tripoli, immediately releasing $ 15 billion of frozen assets, against the promise of democracy, stability and reconciliation. At the same time, the leaders of Britain, France and NATO announced that the international military operations would continue as Muammar Qadhafi remains a threat. In a message broadcast by a Syrian television, the former strongman of Libya has excluded any surrender Thursday and called on his supporters to resist.

"The money misappropriated by Mr Gaddafi and his family must return to the Libyans.We are all committed to release money from Libya yesterday to finance the development of Libya today, "said Nicolas Sarkozy about a jackpot estimated at more than $ 50 billion.

Paris was attended by members of the coalition, as Italy's Silvio Berlusconi and Hillary Clinton. But also the patrons of the Arab League Nabil al-Arabi and the United Nations Ban Ki-moon, as well as Germany's Angela Merkel and representatives of China, Russia or Algeria. Only South Africa has snubbed the conference.

Financial assistance against democracy

Forty-two years to the day after the seizure of power by Muammar Gaddafi, and six months after the Paris summit that launched the international military intervention against the "guide" Libyan sixty countries and organizations were Thursday September 1, found in the late afternoon for the summit two hours.But financial and political support has a counterparty. Secretary of State Hillary Clinton called on leaders of the "new Libya" to "combat extremism", while doubts have been raised on some rebel leaders, considered close to the Islamists or Al Qaeda. "The new Libyan authorities will have to continue the fight against violent extremism and work with us to ensure that stockpiles of weapons of Gaddafi does not become a threat to neighboring Libya and the world," she asked at this conference.

"I have a message for the Libyan people: (…) everything is in your hands to achieve what we promised: stability, peace and reconciliation," he said later at a press conference the President the National Transitional Council (CNT, rebellion Jamahiriya), Moustapha Abdeljalil. "Islam encourages forgiveness. It promotes reconciliation.The rule of law must be respected, "he further said.

"Participants will ask the CNT to initiate a process of reconciliation and forgiveness for the mistakes made in other countries in the past we are light", agreed Nicolas Sarkozy.

In addition to the warnings, particularly U.S., the UN wants to have a say on the transition underway in Libya and Ban Ki-moon has called for the rapid dispatch of a mission in the country. "I intend to work closely with the Security Council mandate for a UN mission, which will begin operations within the shortest possible," he said.

Transition and reconstruction

On the ground, the rebels consolidate their positions pending deal in Sirte, the last major town held by followers of Muammar Gaddafi, who can not be found.They have extended their ultimatum of one week and left until September 10 to go. But the former strongman of Libya has called on his supporters to "continue the resistance." "We we will not. We will continue fighting," he said. "Prepare for the guerrillas in urban warfare and popular resistance in every town," said Gaddafi.

Seeking to foster greater consensus around the CNT, the governing body of the rebellion Jamahiriya, Nicolas Sarkozy had invited to Paris with British Prime Minister David Cameron, the support of the rebels as former allies of Muammar Gaddafi. All have acknowledged the fall of the Gaddafi regime, some hostile to military intervention, previously reluctant to endorse the victory of the CNT. The Paris summit was precipitated things. Russia recognized the CNT Thursday as "authoritative power".Beijing, like Moscow, which had abstained in the Security Council resolution 1973 which allowed the international intervention in March, said he attached "great importance to the position and the significant role of the CNT to resolve the crisis ". And neighboring Algeria, which has hosted on its soil of children and the wife of Muammar Gaddafi, has promised a recognition of the CNT as soon as it formed "a new government representing all regions of the country."

The time is now for reconstruction, but also the sharing of cake oil from Libya, whose countries of the coalition hopes engines in large part. By Thursday, the EU lifted its sanctions against 28 "economic entities" Libya – ports as well as energy companies and banking – to help restart the economy.