2 billion is now 10 times lower than that of the Japanese

Ants are not always waiting winter to receive the dividends of their frugality. With its offers of consumer cars fuel, Honda, with his Civic, was in may, removed to the Ford pickup F the title of best-selling car in the US that he held for twenty-three years. The number two Japanese should especially be with Nissan, the only driver to increase this year its sales on a US market on the crisis of nerves. His performance also convinced him to accelerate the development of its hybrid cars. Next year he wants to sell twice as much in Europe, and it has to sell 500,000 per year in the world from 2011, more than a quarter of its current sales total. If the State of the automotive market the grows to caution on its forecast of full year results, the quality of his conduct earned him a remarkable fellow journey for the sector. Apart from Volkswagen, winner all categories, who won 38 for six months, Honda is the only large manufacturer remained in the green. In the last half, its value has increased by 18, compared with the declines of 10 of Toyota, 17 of BMW, 32 to 52 of General Motors and Peugeot, with capitalization of EUR 4.2 billion is now 10 times lower than that of the Japanese.

The works of Uncle Sam

Taking his courage in both hands, Uncle Sam swallows his hat, he was grand. The bankruptcy of Fannie Mae and Freddie Mac would have represented an "unacceptable risk" for the free enterprise phare countries. These two mortgage agencies represent half of the stock of real estate credit across the Atlantic and especially 80 of the new production since the crisis of the "subprime". All giving time to rebuild the system, their de facto nationalization does not cause US A triple note and reassures foreign central banks. The taxpayer will pay for private and listed companies which have good balance funded excessive risk taken with its implied warranty. It is a height but the closure of the valves of the credit would be even worse for households. However, the financial system has not finished with the consequences of the economic slowdown. And some banks regional American owners of preferred shares of the two agencies might be the dilution caused by the intervention of the State, which brought down the course of Sovereign Bancorp, a big savings. Eschewing the bankruptcy, the common shareholders however lose hope to regain the levels of the last months. Uncle Sam hat is not magic, even for the neighborhoods cousins.

God save the King

It is not because they have the Queen Elisabeth II for head of State that Australians are so far the British in their hearts. Ex-British Gas comes from bitter experience, he thought meet no resistance to the shareholders of the second distributor of gas and electricity of the continent, Origin Energy, a generous premium of 48 to take control. It was not counting on the tenacity of the Director General of the group, Grant King, to demonstrate that its reserves of natural gas from Queensland, same yet proven and not easily extractable coal layers where they are trapped, was worth much more than 8 billion euros proposed by BG Group. The lack of tact of the British, who eventually launch a hostile takeover bid, and the unquenchable thirst for oil tankers, whose pockets are today conversely deeper their production potential, that the rest. Putting on the table almost 40 more than BG Group, ConocoPhillips American will pay 5.5 billion euros just four months and a half of its operational cash to only hold half of a joint subsidiary with Origin Energy which will operate the gas of coal from the year 2014 at best. A true bet on the future, which is nevertheless sufficient to liquefy part of gas ambitions of the British BG Group in Asia.