It still illustrates the energy dynamic of Beijing

It said that the money is well odourless, but the oil is to deny me... "Singer which was interpreting Mac Orlan has perhaps taken a few wrinkles, but his verses remain topical. Off the coast of Singapore passes every day 12 of world production. In settling there for more than 2 billion, PetroChina takes a further step in its black gold rush. The Chinese giant multiplied lately acquisitions for its tanks, but in to providing Singapore Petroleum, it innovates. He succeeded for the first time to invite in a company listed, showing that he wants to, in addition to the production, take with refining the two ends of the pipe. The operation seems minor with its 17 billion of annual profits and the almost unlimited Government account on which it can draw. It still illustrates the energy dynamic of Beijing. Markets is there are not deceived to give to the Chinese, whose title has gained 29 percent since January, the first global capitalization (351 billion), before Exxon, which fell by 14 over the period. PetroChina reserves are now higher than his own, but the heir to the Standard Oil displays a return on capital twice and a half more important. The Chinese still have a topic to dig, that of profitability.

Dark Sunday

Never two without three Arcandor shareholders have every reason to fear a scathing denial to the saying in towards them. Because if the ex-KarstadtQuelle has avoided bankruptcy barely two times the first time in 2004 and the second in September last , the German conglomerate to confess everything except certain renew feat. Its CEO, Karl-Gerhard Eick, still sang it on all the tones in the German Sunday press: Arcandor will not be able to survive without State support to cope with a line of credit of several hundreds of millions of euros from expired on 12 June. And this even though he managed to take the train to a rapprochement with its competitor Metro. But the crisis cannot be too good back to firms in difficulty and the issue of Arcandor does not equal that of Opel for the German economy. There is still a reason for politicians to take the time to reflect, to perhaps pick on the 23,000 jobs in the Karstadt group combined with the financial interests of the German taxpayer. Arcandor has indeed some 53 of the tour operator Thomas Cook and the threat of a rummage sale by a mother house in bankruptcy posed a sword of Damocles on the value of this nugget. In all, this last is worth 460 million in the stock market, against 440 million for Arcandor.

A half-full Cup

Any medal is not necessarily his backhand. Regularly selected for twenty years to manage the Olympic Games information systems a test that mobilizes computer expert 4,000 , Atos Origin French saw yesterday, his involvement extended by the IOC until 2016. It will go therefore in Vancouver, London and Sochi touch his royalties and take advantage of the benefits of the first global media event. As the say athletes who "find their feelings", Atos in a bad economic climate through a good password. Thierry Breton, his new coach, visibly conquered the arbitrators. Citi title "Breton Dynamo" a thorough study concluded by a Board of purchase. On the CM - CIC, considers "creator of value" arrival at the controls, welcoming "the rapid taking charge of the group by the new management". If thus encouraged athlete is closed the gap with Capgemini, its competitor more than twice larger than him, he returned to the field with an advance on the stock exchange by 38 since the beginning of the year. To climb on the podium, he still needs the catch in profitability, an area where its performance is two times less bright.