Blair calls for European leader elected (AFP)

London (AFP) - former Prime Minister Tony Blair Thursday warned the EU that elle should elect a leader or face to be left in place by the emerging countries.

The Chief of the newspaper The Times, said former Labour party unless the adopted block "strong, collective leadership and direction", he eventually fled in the wake of China, the India and the Brazil.

Blair shrugged off public fears about more passing control in the hands of the institutions of the EU and called for a change in the perception of the role of the block of one as a peacemaker to one as a world superpower.

"For Europe, the essential thing is to understand that the only way you will get support for Europe today is not on the basis of a sort of post-war considers that the EU is necessary for peace," he said.

"For the generation of my children, it is just a bizarre argument." They don? t see as a real threat.

"What they can completely understand, is that in a particular world in which China will become the dominant power of the 21st century, it is reasonable for Europe to combine together, to use its collective weight to achieve the influence", he added.

The former leader source of discord, which was once considered a possible candidate for the position of President of the European Council believes that the responsibility of an elected leader given concerns about concentration of power.

"If you want to have a debate on the direction of Europe it seems to me very difficult to have Europe-wide, except if you have a few ways by which people choose something that is at the European level, in the nature"he says."

"Us have weight and influence a country like Britain needs unless we are part of this European power thus", he added.

Radical proposal for Blair, who admits has "no chance of being accepted at the present time", would see a leader who represents the interests of the EU on the world stage while at the same time chairs the union of the Member States.

Blair urged the completion of the single market and common policies on energy, defence, immigration and organised crime.

With regard to the "Spring of Arabic" uprisings courses, the Middle East Envoy warned that deeply rooted change required to implement to ensure that the disorder is not diverted by extremists.

"This is a situation in which you certainly need a plan," he said.

"If you get a situation where people get the right to vote, but no other change, no job, and then two or three years down the other line say that Islam is the answer." "If our task is not step to be spectators," he warned.

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European stocks steady before we pay non-agricultural (AFP)

London (AFP) - European stock market said it and the euro flattened Friday in the midst of fears about the threat of the United States and as Athens payroll information sought to finalize a new contract of EU rescue plan and the IMF.

Benchmark FTSE 100 in London has dropped from 0.11% to 5,841.64 points, in trade of noon, and in Paris the CAC 40 index lost 0.24% at 3,880.86 while DAX 30 Frankfurt added 0.12 percent to 7,082.40.

For foreign exchange markets, the single European currency stood at $1.4490 $1.4491 at the end of New York on Thursday.

Critical data from non-farm compensation of the United States for may are planned for publication at 1230 GMT in the growing concerns on the largest economy in the world.

"The FTSE 100 water back to a large part of the session of the morning as traders eyed the utmost importance us jobs data with caution after disappointing severely the economic data, earlier in the week" said analyst City Index Joshua Raymond.

"A natural consequence of poor data from the United States on Wednesday was to restrict the activity of the side much buy enter into non-farm figures, as traders are not willing to add too much risk in their portfolios."

The estimate of the net non-farm jobs created consensus was crushed to 169,000 Thursday, of the previous forecast of 185 000.

Everywhere in Europe, Greek newspapers reported Friday that four weeks tortuous negotiations with the European Union, the IMF and the European Central Bank for a critical slice of the loan fund had concluded and that announcements were planned later today.

Athens needs to a slice of 12 billion euros ($17 billion), of a rescue loan of 110 billion euro overall of the three organizations to pay the Bills of the following month.

But with its economy still in the doldrums, Greece tries to broker additional loans of the so-called "troika" which has saved from bankruptcy last year.

"It seems that the Greek sovereign debt crisis fears have been replaced by fear about global growth as the chief pilot of the risk appetite,", noted analyst Kathleen Brooks Trade Forex.com site.

"The IMF/EU and the ECB are expected to make an announcement today that will report the conclusions of the audit of the troika on si Greece achieved its goals financial and privatization under the current regime of rescue."

"This announcement... will be the key to securing its next tranche of funds from the rescue plan of the Greece due later this month."

European shares were fell sharply lower Thursday, joining a fierce global sell-off as concerns grew up on a shot of dam of weak data.

Provided figures showing that a decline smaller than expected jobless claims last week has added to the anxiety, while payroll Wednesday said firm ADP private sector added 38,000 jobs in may, well below the 170 000.

Asian shares mostly sank Friday, with losses led by scanning after a warning from Moody might devalue the U.S. debt rating and miserable data.

Tokyo has dropped from 0.66% and closed Sydney 0.38% lower, while Hong Kong plunged 1.31% in value.

However, Shanghai gained 0.84% bargain hunting after the index hit a minimum of four months, on Thursday.

Investors received a weak lead from Wall Street, where the Dow Jones index dropped from 0.34% after a plunge of 2.22% Wednesday.

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Trichet ECB: several European economic powers next step in the crisis (Reuters)

Aachen (Germany),-(Reuters) - Europe should consider strengthening central control of economic policy if the efforts to deal with its debt crisis does not put results, President of the Central Bank européenne, Jean-Claude Trichet, said Thursday.

By accepting a prize for his contribution to European unification, Trichet set out ideas, including the formation of a European Union Department of finance and a right of veto for the authorities of the EU on spending and other major domestic policy decisions.

"As a first step, it is justified to provide strong financial assistance under a program of adjustment," Trichet said. "But if a country is always step deliver, I think that all would agree that the second stage must be different."

"He would go too far if we considered, at this second stage, giving much deeper euro area authorities and authority say in the formation of the political economic country if these deteriorate mislead."

European policymakers struggle to a new set of aid for the Greece, which should include the fresh new loans, commitments of austerity and privatization rajouteraient, potentially supervised from the outside.

In a speech to Singapore on Thursday, Chancellor Angela Merkel reiterated requests for the Germany for a better coordination of European economic policies.

"In the new concept, it would be not only possible, but in some cases mandatory, in the second step for the European authorities - namely the Council on the basis of a proposal by the Commission, in liaison with the ECB - make their own decisions applicable in the economy concerned," Trichet said.

"Is a way that it could be imagined for the European authorities have the right to veto certain decisions of national economic policy.". This mission could include major posts tax expenditures and the essential elements for the competitiveness of the country. ?

Research in the long term, he suggested that a Department of the Central Finance would be adapted with the existing single market, single currency and the single Central Bank.

Not necessarily a Ministry of finance which manages a large federal budget." But a Ministry of finance which would have direct responsibilities at least three areas: first of all, the monitoring of budgetary and political policies of competitiveness.

"Then, all typical responsibilities of the Executive in what concerns the integrated EU financial sector."

"Third, the representation of the Trade Union Confederation in international financial institutions.".

(Reported by Sakari Suoninen; editing by Patrick Graham)

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European stocks steady before we pay non-agricultural (AFP)

London (AFP) - European stock market said it and the euro flattened Friday in the midst of fears about the threat of the United States and as Athens payroll information sought to finalize a new contract of EU rescue plan and the IMF.

Benchmark FTSE 100 in London has dropped from 0.11% to 5,841.64 points, in trade of noon, and in Paris the CAC 40 index lost 0.24% at 3,880.86 while DAX 30 Frankfurt added 0.12 percent to 7,082.40.

For foreign exchange markets, the single European currency stood at $1.4490 $1.4491 at the end of New York on Thursday.

Critical data from non-farm compensation of the United States for may are planned for publication at 1230 GMT in the growing concerns on the largest economy in the world.

"The FTSE 100 water back to a large part of the session of the morning as traders eyed the utmost importance us jobs data with caution after disappointing severely the economic data, earlier in the week" said analyst City Index Joshua Raymond.

"A natural consequence of poor data from the United States on Wednesday was to restrict the activity of the side much buy enter into non-farm figures, as traders are not willing to add too much risk in their portfolios."

The estimate of the net non-farm jobs created consensus was crushed to 169,000 Thursday, of the previous forecast of 185 000.

Everywhere in Europe, Greek newspapers reported Friday that four weeks tortuous negotiations with the European Union, the IMF and the European Central Bank for a critical slice of the loan fund had concluded and that announcements were planned later today.

Athens needs to a slice of 12 billion euros ($17 billion), of a rescue loan of 110 billion euro overall of the three organizations to pay the Bills of the following month.

But with its economy still in the doldrums, Greece tries to broker additional loans of the so-called "troika" which has saved from bankruptcy last year.

"It seems that the Greek sovereign debt crisis fears have been replaced by fear about global growth as the chief pilot of the risk appetite,", noted analyst Kathleen Brooks Trade Forex.com site.

"The IMF/EU and the ECB are expected to make an announcement today that will report the conclusions of the audit of the troika on si Greece achieved its goals financial and privatization under the current regime of rescue."

"This announcement... will be the key to securing its next tranche of funds from the rescue plan of the Greece due later this month."

European shares were fell sharply lower Thursday, joining a fierce global sell-off as concerns grew up on a shot of dam of weak data.

Provided figures showing that a decline smaller than expected jobless claims last week has added to the anxiety, while payroll Wednesday said firm ADP private sector added 38,000 jobs in may, well below the 170 000.

Asian shares mostly sank Friday, with losses led by scanning after a warning from Moody might devalue the U.S. debt rating and miserable data.

Tokyo has dropped from 0.66% and closed Sydney 0.38% lower, while Hong Kong plunged 1.31% in value.

However, Shanghai gained 0.84% bargain hunting after the index hit a minimum of four months, on Thursday.

Investors received a weak lead from Wall Street, where the Dow Jones index dropped from 0.34% after a plunge of 2.22% Wednesday.

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Dexia to seek new conditions of the European Commission (Reuters)

Brussels (Reuters) - group financial Franco-Belgian Dexia (DEXI.)(BR) is to hold talks with the regulators of the European Union in the coming days to amend a restructuring plan that it has agreed to after receiving a bailout in 2008.

Friday, Dexia - which received approximately 6 billion euros ($8.57 billion) of France, Belgium and Luxembourg in September 2008 - took a 3.6 billion euros hit to clear its balance sheet, low quality active U.S. and accelerate sales leap.

"We will provide the Commission with all the detailed measures in the coming days," a spokesman for the group said Tuesday, referring to the Executive of the European Union.

Dexia has already assigned a Slovak unit and must also sell its public funding activities in Italy and Spain.

Belgian media reported that the talks with the Commission could begin as early as Tuesday.

(Reported by Robert-Jan Bartunek; editing by Charlie Dunmore and Erica Billingham)

($ 1 = 7000 euro.)

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European stocks climb on hopes of deal of Greece (AP)

Frankfurt, Germany - pink stocks European Tuesday on the hope that a new aid deal took shape to prevent the Greece by default on its debts and the decline in unemployment in Germany, noted the strength of the largest economy in the euro area.

The index of blue chip German DAX 30 closed 1.8% at 7,287.91, then that FTSE 100 Britain increased from 0.8% to 5,988.84 after a holiday closure Monday. CAC 40 traded France 1.5 percent higher to 4,002.93.

US stocks were still gripping gains despite a drop in surprise in the confidence of consumers. The Dow Jones index traded 0.5 per cent a 12,509.36 time in early New York afternoon then that S & P 500 increased by 0.5% to 1,338.30.

EU offer officials few details on what were described as talks heated, but markets digest as preliminary view outlined by the European Central Bank top official Lorenzo Bini Smaghi. He indicated that the Greece may need euro60-70 billion in new funds, and half of that could come from privatization and measures for Greek banks to roll over the current holdings of Government liaison. The other half would be additional loans from the countries of the euro and the Monetary Fund International.

A deal would not solve deeper economic problems of the Greece but at least remove the fears of an imminent default last week fueled by the IMF would retain more loans unless the country funding is guaranteed for a full year ahead of news.

Greece, currently supported by European billion set last year of EU - IMF emergency loan was to return to funding itself on the bond market next year. As the time seems unlikely that its economy continues to deteriorate, and the country needs now a second shot of money to pay its debts.

Part of the eurozone for the new assistance, some euro20 billion, would still need approval of the Member countries. Greek banks, however, could probably be persuaded to renew their assets expiring Greek bonds since a default or restructuring could inflict significant losses on their balance sheets.

"While this could be a big ask for foreign debtors, it is much easier to see Greek as banks accepting an agreement,"said economist RBS Jacques Cailloux."."

Such subversion would not change the terms of binding and therefore is not considered by default or an involuntary stretchout payments, perspectives categorically opposed by the European Central Bank. The ECB, said that it could lead to turbulence in the market and damage the Greek and European banking system.

Germany, however, continues, its strong economic performance by reporting an unemployment rate of 7.0% in may, down 7.3% the previous month. The country benefits high growth, led by exports and investments in new machinery and equipment. Inflation in the euro area, in the meantime, slightly relaxed in May.

The euro strengthened Tuesday to $1.4374, 0.6 per cent on the day.

In Asia, Japanese Nikkei 225 stock average increased 2% to close at 9,693.73. Industrial production rose a modest 1 percent in April, after declining record from 15.5% in March, when the country's economy was violently by supply disruptions in the wake of the twin disasters. But the Government also said factory output - a key to the economic health of the Japan barometer - resume speed in the coming months.

Chinese 苏童 shares snap an eight-session losing streak as the Chinese yuan closed at a high record level of 6.4845 USD, the drawing of the investors in the hope to draw progressive satisfaction of the Chinese currency.

Oil of reference for July delivery was up $2.09 at $102.68 US per barrel in electronic trade on the New York Mercantile Exchange. The contract settled last up to 36 cents to $100.59 Friday. The United States markets were closed Monday for the day of remembrance for vacation.

The dollar rose to 81.24 yen, up to 0.4% on the day.

___________

Kelvin Chan in Hong Kong and Fu Ting in Shanghai contributed to this report.

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Before controlled European stocks figures of GDP (AFP)

London (AFP) - the main stock of Europe traded mixed Thursday as investors expected the economic growth of the United States vital data, while the mining sector of London has been reinforced by the rising prices of raw materials.

Benchmark FTSE 100 added British capital 0.40% to 5,893.47 points in midday trade.

DAX 30 Frankfurt hangar 0.36% to 7,145.32 points and in Paris the CAC 40 index was flat at 3,928.93.

The Stoxx 50 of the largest companies in the euro area index slid 0.17% to 2,812.33 points.

For the foreign exchange markets, the euro rebounded against the dollar on the prospects of more Chinese investment in bonds issued by the nations of the euro area debt.

Later in the day, investors would evaluate the second official estimate of growth for the U.S. in the first quarter.

"All eyes be on the preliminary to the first domestic product quarter gross (GDP), reading", said the trader selling Ben Critchley trade firm IG Index.

Most analysts predict a revision upward from the initial reading of 1.8%.

"Expectations are for the figure be revised on the increase, which would certainly help to quell negative sentiment which has been devoting the markets this week," said Critchley.

"Investors hope that this, with a sustained increase in price of raw materials, can help restart another rally equities."

However, he warned that markets might hit the back up because "the European debt crisis (is) far resolved."

Investors remain worried by the debt of the Greece in the uncertainty on how the nation's short financial problems could be solved.

In early Asian trade, markets mainly bounces as collected dealers stocks undervalued after a recent sell-off while the first gain for the Dow Jones index in three days has also provided some support.

Tokyo agrees 1.48%, stir-fry Sydney 1.65%, and Seoul has risen by 2.75% in value.

Hong Kong has increased to 0.67%, but Shanghai gave up earlier gains at the end of 0.19% lower.

Resource companies were among those who arrived in mind that the prices of raw materials has begun to increase, with oil rallying after Goldman Sachs and Morgan Stanley high their 2012 forecasts for Brent fees to $ 130 per barrel.

Wall Street posted modest gains Wednesday, snapping a losing stria of three days, the market have proven resistant to disappointing manufacturing data. The Dow Jones index has increased from 0.31%.

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Before controlled European stocks figures of GDP (AFP)

London (AFP) - the main stock of Europe traded mixed Thursday as investors expected the economic growth of the United States vital data, while the mining sector of London has been reinforced by the rising prices of raw materials.

Benchmark FTSE 100 added British capital 0.40% to 5,893.47 points in midday trade.

DAX 30 Frankfurt hangar 0.36% to 7,145.32 points and in Paris the CAC 40 index was flat at 3,928.93.

The Stoxx 50 of the largest companies in the euro area index slid 0.17% to 2,812.33 points.

For the foreign exchange markets, the euro rebounded against the dollar on the prospects of more Chinese investment in bonds issued by the nations of the euro area debt.

Later in the day, investors would evaluate the second official estimate of growth for the U.S. in the first quarter.

"All eyes be on the preliminary to the first domestic product quarter gross (GDP), reading", said the trader selling Ben Critchley trade firm IG Index.

Most analysts predict a revision upward from the initial reading of 1.8%.

"Expectations are for the figure be revised on the increase, which would certainly help to quell negative sentiment which has been devoting the markets this week," said Critchley.

"Investors hope that this, with a sustained increase in price of raw materials, can help restart another rally equities."

However, he warned that markets might hit the back up because "the European debt crisis (is) far resolved."

Investors remain worried by the debt of the Greece in the uncertainty on how the nation's short financial problems could be solved.

In early Asian trade, markets mainly bounces as collected dealers stocks undervalued after a recent sell-off while the first gain for the Dow Jones index in three days has also provided some support.

Tokyo agrees 1.48%, stir-fry Sydney 1.65%, and Seoul has risen by 2.75% in value.

Hong Kong has increased to 0.67%, but Shanghai gave up earlier gains at the end of 0.19% lower.

Resource companies were among those who arrived in mind that the prices of raw materials has begun to increase, with oil rallying after Goldman Sachs and Morgan Stanley high their 2012 forecasts for Brent fees to $ 130 per barrel.

Wall Street posted modest gains Wednesday, snapping a losing stria of three days, the market have proven resistant to disappointing manufacturing data. The Dow Jones index has increased from 0.31%.

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European stocks extend gains as Glencore floats (AFP)

London (AFP) - European stock markets rose Thursday, with the mining sector, supported by the flotation of Glencore Swiss goods giant.

London's benchmark index FTSE 100 grimpé a from 0.98% to 5,981.46 points, approaching noon, DAX 30 Frankfurt rallied 1.37% to 7,403.99 points and in Paris the CAC 40 index gained 1.26% to 4,027.66.

The index, Stoxx 50 of the larger companies in the advanced Euro 1.21% to 2,901.88 points.

Markets had already staged a technical rebound Wednesday after recent falls, taking their lead from firmer prices.

"European indices continue to trade higher for a second successive session... led by continuing confidence in resources stocks" said analyst Joshua Raymond financial spread-betting firm city Index.

Glencore, trader of more products in the world by revenue, said Thursday that he had raised about 10 billion (EUR 7.0 billion) through a set of the initial public offer at 530 pence per share.

At this price, the group is $ 59.2 billion and flotation mark the biggest IPO so far this year.

Immediately pushed strong unofficial trade market price.

"Offer of Glencore has seen a substantial interest of investors around the world and was significantly oversubscribed during the price range providing Glencore with a high quality, diverse and distributed geographically the investor base," said Ivan Glasenberg"Glencore, Director General.

The company, based in Baar, set on Thursday the final price for the introduction on the stock exchange to 530 pence in the 480-580 pence range which it had announced in early May.

Conditional - unofficial trade shares on the condition that they will be eventually be fully listed on the stock market - began Thursday on the London Stock Exchange, and the price rose to 548 pence shortly after the market opened at 0700 GMT. Later, he stood at 545 pence.

Official trade full shares will begin May 24 in London and Hong Kong on May 25.

US stocks had propelled at the same time more Wednesday on the back of the soaring prices of raw materials and better - that the gains expected from the manufacturer of the Dell, traders said.

However, the shares in Tokyo closed 0.43% lower Thursday, weighed down by weak Japanese data, falls of stocks of the utility and a mood of wait and see before the release later in the day us economic data.

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European stocks extend gains as Glencore floats (AFP)

London (AFP) - European stock markets rose Thursday, with the mining sector, supported by the flotation of Glencore Swiss goods giant.

London's benchmark index FTSE 100 grimpé a from 0.98% to 5,981.46 points, approaching noon, DAX 30 Frankfurt rallied 1.37% to 7,403.99 points and in Paris the CAC 40 index gained 1.26% to 4,027.66.

The index, Stoxx 50 of the larger companies in the advanced Euro 1.21% to 2,901.88 points.

Markets had already staged a technical rebound Wednesday after recent falls, taking their lead from firmer prices.

"European indices continue to trade higher for a second successive session... led by continuing confidence in resources stocks" said analyst Joshua Raymond financial spread-betting firm city Index.

Glencore, trader of more products in the world by revenue, said Thursday that he had raised about 10 billion (EUR 7.0 billion) through a set of the initial public offer at 530 pence per share.

At this price, the group is $ 59.2 billion and flotation mark the biggest IPO so far this year.

Immediately pushed strong unofficial trade market price.

"Offer of Glencore has seen a substantial interest of investors around the world and was significantly oversubscribed during the price range providing Glencore with a high quality, diverse and distributed geographically the investor base," said Ivan Glasenberg"Glencore, Director General.

The company, based in Baar, set on Thursday the final price for the introduction on the stock exchange to 530 pence in the 480-580 pence range which it had announced in early May.

Conditional - unofficial trade shares on the condition that they will be eventually be fully listed on the stock market - began Thursday on the London Stock Exchange, and the price rose to 548 pence shortly after the market opened at 0700 GMT. Later, he stood at 545 pence.

Official trade full shares will begin May 24 in London and Hong Kong on May 25.

US stocks had propelled at the same time more Wednesday on the back of the soaring prices of raw materials and better - that the gains expected from the manufacturer of the Dell, traders said.

However, the shares in Tokyo closed 0.43% lower Thursday, weighed down by weak Japanese data, falls of stocks of the utility and a mood of wait and see before the release later in the day us economic data.

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EU Commission wants European head of the IMF (Reuters)

Brussels (Reuters) - European Union should agree on a strong candidate from Europe to replace Dominique Strauss-Kahn at the head of the Monetary Fund International, the European Commission said Thursday.

As the largest donor to the IMF, it was natural that the 27 EU Member States should agree on a candidate, spokesman for the Board Pia Ahrenkilde Hansen told journalists.

"We believe that we can find strong candidates for Europe to succeed to Dominique Strauss-Kahn," she said.

"...We believe that it is natural to work on the ground a European candidate, then that in the same time, courses, its jurisdiction and not nationality who decides who is the best man or woman for the job. ?

Strauss-Kahn resigned as head of the IMF, saying that he needed to concentrate on the fight against charges that he sexually assaulted a hotel maid in New York. His weekend arrest sparked debates about the tradition of 65 years that a European is appointed head of the global lender based in Washington.

Top economic official of the EU, Olli Rehn said knowledge of the European economy would be useful for any qualification new head of the IMF.

"It is essential that the Director General of the IMF will be selected based on merit and competence", he told a business conference in Brussels. "It's a merit if the person to be chosen for this task has knowledge of the European economy".

Rehn, Commissioner for economic and monetary to EU Affairs, working in close collaboration with the IMF financial crisis, in several States of the eurozone, with joint EU/sureties for the Greece the Ireland and Portugal.

The Commission spokesman, said the right person to lead the IMF should be able to rally the support of the membership of the IMF.

"I am sure that now consultations will intensify on the succession and putting forward a candidate European fort to occupy the position," Ahrenkilde Hansen said, although she noted it was not on the Commission to play a formal role in this.

(Written by Rex Merrifield, other reports by Robert-Jan Bartunek and John O'Donnell; editing by Andrew Dobbie)

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European shares slide after Strauss-Kahn stop (AFP)

London (AFP) - stock European markets slid Monday on fears that the arrest of the leader of the IMF Dominique Strauss-Khan could hit efforts to tame the debt crisis of the euro area Finance Ministers met to approve the rescue of the Portugal plan.

Late morning deals, benchmark FTSE 100 in London sank 0.82% to 5,877.71 points, DAX 30 Frankfurt tempered 1.40% to 7,299.16 points, and Paris, the CAC 40 shed 1.35% to 3,963.72 index.

Stoxx 50 index of leading eurozone companies lost 1,26% to 2,858.25 points.

"European shares began trading with caution this morning on concerns that the Strauss-Khan case delay probably no progress on the European debt crisis," said Spreadex trader Chris Purdy

The storm on the case of sexual assault of the head of the IMF threw a giant cloud Monday at the meeting of European Finance Ministers Monday.

Strauss-Khan, who played a key role in trying to tame the European debt crisis, had been due to the Union speaks from 1300 GMT autour.

In the news of the company on Monday, the London Stock Exchange said it remained committed to a merger with its counterpart in Toronto, after a Canadian consortium has launched an informal offer which could derail the transaction.

Elsewhere, the luxury automaker Daimler German and British engine manufacturer Rolls-Royce evoked offers elevated for the German manufacturer of engine and turbine Tognum.

In response, shares in Daimler fell 0.77% to 643 pence 2.23% 49.43 EUR and Rolls-Royce hangar.

Tognum shares showed an increase of 0.58% to 26.2 euros while the MDax index on which they are listed was 0.38% lower overall.

A merger of the company with relevant activities already held by Daimler and Rolls-Royce would create a global leader in the sector "off-road" of the marine, energy, defence and industrial applications.

Later Friday, Daimler and Rolls-Royce said they could increase their supply of 8.3% to EUR 26.0 Tognum share in an offer which takes place from April 6 to May 18, but which was rejected by the directors of Tognum.

Tognum reportedly is not hostile to a power, but said Friday he had not officially received the new offer and therefore cannot make any recommendation on it to shareholders.

In Asia, Japanese shares closed 0.94% Monday, after the details have emerged on the damage caused to a stricken nuclear power plant, sending Tokyo Electric Power and other lower dealers utilities, said.

Agency rating downgraded Meanwhile new Moody TEPCO, the operator of sinistrée Fukushima Central nuclear of the Japan and has warned that the rating would remain on review of further effort.

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Stocks fall then that the European financial crisis extends (AP)

By DAVID k. RANDALL, AP Business writer David k. Randall, Ap Business writer - Friday 13 may, 16: 00 am et

NEW YORK - Stocks are really widely after the European Union has warned that the rescue of the Greece, the Ireland plan and Portugal will be greater than originally planned.

Fears of a worsening of the financial crisis in the shadow reports which concluded that consumers are feeling more confidence in the US economy and that inflation remains in check.

Consumer prices rose 0.4 percent in April, said the Ministry of labour. Which is in line with the expectations of the Economist.

The Dow Jones index is 86 points, or 0.7%, at 12,609 in midday trade. The & S P 500 declined 9, or 0.7%, to 1,339. The Nasdaq is 24, i.e. 0.8%, to 2,839.

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European stocks mixed before data jobs of the United States (AFP)

London (AFP) - European stock markets diverged Friday with traders student main election results and gains in Britain that they expected data on the use of the United States key.

Benchmark FTSE 100 in London fell by 0.28% at 5,903.11 points late morning deals. DAX 30 Frankfurt has increased from 0.60% to 7,420.63 points and in Paris the CAC 40 index grew up 0.39% to 4,018.33.

The index, Stoxx 50 companies of the tempered Euro 0.05% to 2,924.26 points.

The markets were nervous before us non-farm data pays to be published at 1230 GMT.

Prior to this date, economists have been assessing the implications in the UK of punitive defeat for the Liberal Democrats in local elections.

The junior coalition partners suffered huge losses through England to the vote on Thursday, while the Conservatives of Prime Minister David Cameron has survived largely unharmed.

Lib Dem leader and Deputy Prime Minister Nick Clegg said that his party had taken the brunt of the responsibility of the deep spending cuts introduced by the coalition years to rein in Britain's record deficit.

CITI Bank Group economist Michael Saunders concluded Friday: "it will be another 2-3 years before the budget deficit of the United Kingdom is back to tolerable levels... and if the coalition splinters before this date, the capacity of the United Kingdom to return to financial viability will be very much in doubt."

In the news of the company Friday, Royal Bank of Scotland said its loss net more than double to € 528 million pounds (594 million euros, $ 866 million) in the first quarter, the Bank has saved the State has been affected by the costs of rescue.

However the Bank improved underlying performance helped helped send its prices share six per cent to 42.91 pence in London on the rise.

Moreover, recently formed International Airlines Group won 2.85% to 253 pence after the Group combining British Airways and Spanish carrier Iberia announced a net profit of the first quarter of 33 million euros ($48 million).

The profit after the figure of tax for the three months to March 31 from an estimated net loss of 243 million euros in the first quarter of 2010, AIG said in a statement of results.

AIG, which was formed in January, posted a profit after increasing capacity and greatly reducing most of the costs. However it with a 31% increase of the cost of fuel during the reporting period.

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European stocks retreat in morning trading (AFP)

London (AFP) - stock markets Europe leader is removed in the morning is on Wednesday, when investors reacted to a clutch of announcements of the company and the regional economic data.

Benchmark FTSE 100 in London fell from 0.53% at 6,083.84 points late morning deals. DAX 30 Frankfurt tempered from 0.10% to 7,493.61 points and in Paris the CAC 40 index facilitated 0.08% to 4,100.02.

The Stoxx 50 of the largest companies in the euro area index dropped from 0.10% to 2,997.44 points.

Products giant Glencore sets a price for its dual initial public offering in Hong Kong and London, which will be the largest in the world so far this year.

The Switzerland giant price its shares between ? ￡ 4.80 and ? ￡ 5.80 (7.91$-$ 9,55) for a sale should raise about 10 billion dollars.

The sale would have value Glencore, trader more products from the world by revenue, about $ 61 billion.

In Frankfurt Wednesday, Allianz the Germany became the last giant of insurance to see its profits hit by claims related to a series of natural disasters, including the monster of Japan earthquake and tsunamis.

Large insurer of Europe, said that the net profit in the first quarter collapsed 44 percent to slightly more than 900 million euros ($1.3 billion) due to 750 million euros of expenses related to natural disasters. Its stock price dropped from 1.03% to EUR 105.30.

Also in Frankfurt, BMW grew up 0.46% to 63.66 euros after the German luxury car manufacturer announced a quadrupled in net profits for the first quarter and increased its sales forecast for the year.

BMW said it made a net profit of EUR 1.2 billion in the first quarter, compared to 324 million euros in the same period in 2010, by beating the average forecast analyst of EUR 1.0 billion.

Consumers across Europe are at the same time divert stores, with March reveal a sharp decline in retail sales the largest and most powerful of the euro area economy Germany.

In all of the 17-nation euro-zone retail trade fell by 1.0% in March from February, when it rose slightly against January - with a dramatic decline in Portugal pre-bailout emerging also new data published by the European Union on Wednesday.

Portugal raised if billion euros with the issue of the instrument of debt in the short term on Wednesday, but the rate of interest that he should pay has increased, the day after debt rescue deal with the EU and the IMF.

Across the Atlantic, US stocks are on Tuesday with little positive news on the economic growth and the quarterly reports dull including Pfizer drug giant.

Prior to that open markets, Pfizer, largest maker of drugs more than reported earnings in the first quarter jumped 10%, slightly above analyst estimates, but sales were lower in the period of the previous year and missed the expectations of the market.

Pfizer shares closed from 2.8% to $20.44.

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European stocks retreat in morning trading (AFP)

London (AFP) - stock markets Europe leader is removed in the morning is on Wednesday, when investors reacted to a clutch of announcements of the company and the regional economic data.

Benchmark FTSE 100 in London fell from 0.53% at 6,083.84 points late morning deals. DAX 30 Frankfurt tempered from 0.10% to 7,493.61 points and in Paris the CAC 40 index facilitated 0.08% to 4,100.02.

The Stoxx 50 of the largest companies in the euro area index dropped from 0.10% to 2,997.44 points.

Products giant Glencore sets a price for its dual initial public offering in Hong Kong and London, which will be the largest in the world so far this year.

The Switzerland giant price its shares between ? ￡ 4.80 and ? ￡ 5.80 (7.91$-$ 9,55) for a sale should raise about 10 billion dollars.

The sale would have value Glencore, trader more products from the world by revenue, about $ 61 billion.

In Frankfurt Wednesday, Allianz the Germany became the last giant of insurance to see its profits hit by claims related to a series of natural disasters, including the monster of Japan earthquake and tsunamis.

Large insurer of Europe, said that the net profit in the first quarter collapsed 44 percent to slightly more than 900 million euros ($1.3 billion) due to 750 million euros of expenses related to natural disasters. Its stock price dropped from 1.03% to EUR 105.30.

Also in Frankfurt, BMW grew up 0.46% to 63.66 euros after the German luxury car manufacturer announced a quadrupled in net profits for the first quarter and increased its sales forecast for the year.

BMW said it made a net profit of EUR 1.2 billion in the first quarter, compared to 324 million euros in the same period in 2010, by beating the average forecast analyst of EUR 1.0 billion.

Consumers across Europe are at the same time divert stores, with March reveal a sharp decline in retail sales the largest and most powerful of the euro area economy Germany.

In all of the 17-nation euro-zone retail trade fell by 1.0% in March from February, when it rose slightly against January - with a dramatic decline in Portugal pre-bailout emerging also new data published by the European Union on Wednesday.

Portugal raised if billion euros with the issue of the instrument of debt in the short term on Wednesday, but the rate of interest that he should pay has increased, the day after debt rescue deal with the EU and the IMF.

Across the Atlantic, US stocks are on Tuesday with little positive news on the economic growth and the quarterly reports dull including Pfizer drug giant.

Prior to that open markets, Pfizer, largest maker of drugs more than reported earnings in the first quarter jumped 10%, slightly above analyst estimates, but sales were lower in the period of the previous year and missed the expectations of the market.

Pfizer shares closed from 2.8% to $20.44.

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European stock markets climb on results of good company (AFP)

London (AFP) - European shares rose on Wednesday before stop interest rates, as investors digest the results of the giant equipment BP, Barclays bank and Ericsson telecom, alongside positive British data giant.

Benchmark FTSE 100 of the capital has acquired only from 0.10% to 6,075.17 points late morning deals and DAX 30 Frankfurt from 0.63% to 7,403.19 points.

In Paris, the CAC 40 advanced 0.50% to 4,065.32, then the index of OMX Stockholm firmed 0.20% to 1,166.70 points.

Later, on Wednesday, investors will switch their attention to the outcome of the meeting of two days the policy of the US Federal Reserve.

Federal Committee on the open market, the Central Bank should largely maintain interest rates at zero and 0.25%, where they have existed since December 2008.

US Fed Chairman Ben Bernanke will organize pending its first post-FOMC press conference - the first for any Fed Chairman.

"The emphasis today is the announcement of the FOMC and Bernanke press briefing policy," said economist VTB Capital Neil MacKinnon.

In London, BP shares gained 1.43% 470.85 pence after the Group of the energy has posted a jump of 17 percent in net profits in the first quarter.

Earnings after tax jumped to 7.124 billion (EUR 4.9 billion) in the back of surging oil prices, a year after have been affected by the disaster of U.S. oil.

However, BP also improved the cost of spill in the Gulf of the devastating Mexico of the year last at $ 41.3 billion. That compared with previous guidance of $ 40.9 billion.

Overall in Stockholm, hardware manufacturer of Swedish telecom that ericsson revealed that net profit exploded 224% to 4.1 billion kroner (460 million euros, $ 675 million) in the first quarter.

The figure was higher than the three billion kronor analysts consulted by Dow Jones Newswires expected.

In response, Ericsson shares climbed 9,57% to 88.15 SEK.

Disadvantage, the British bank Barclays saw its price drop after revealing that net profits in the first quarter, hit by falling revenues in its investment banking division.

London investors Meanwhile digested news that the economy accelerated in the first three months of the year, in accordance with the expectations of the market.

Gross domestic product British (GDP increased by 0.5% in the first quarter of 2011, after collapse of 0.5% in the fourth quarter of 2010, official data showed).

"The main event for the United Kingdom was this GDP release, which came in at 0.5% as planned." As of usual, stocks startled barely on the news, "note analyst IG Index David Jones."

Asian shares were mixed Wednesday despite a strong lead from Wall Street, suite of strong gains by top US companies, with traders in the Japan ignoring a cut in the country's debt rating outlook.

Tokyo has acquired 1.39%, while Hong Kong shares dropped 0.48%, mirroring losses on the continent in the rise of the concerns that Beijing will take fresh steps to contain the price of real estate.

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Rise of European stocks before Easter break (AFP)

London (AFP) - European stock markets rose Thursday before Easter holidays, benefiting from strong gains in U.S. after a rocky start to the week, said traders.

Benchmark FTSE 100 in London acquired 0.26% at 6,037.55 points in noon trade, DAX 30 Frankfurt grew up in 0.73% to 7,301.97 points and in Paris, the CAC 40 advanced 0.66% to 4,030.75.

The Stoxx 50 of the largest companies in the euro area index increased from 0.80% to 2,945.17 points.

"" European indices continued to trade positively... adding to the gains of two per cent of yesterday,"said Giles Watts, Chief of the actions of traders of the Index of the city."

"Better than expected that us gains in recent days company continues to support actions across Europe."

"Intel gains are the kick yesterday at the very optimistic session beginning and stellar earnings from Apple yesterday evening helped cement the feeling positive gains on the last two trading sessions.

Global stocks have rebounded strongly heavy losses earlier in the week when Standard & Poor downgraded its Outlook for U.S. debt, where frightened investors already concerned about the level of indebtedness in some countries of the euro area.

Gains U.S. continued to please Thursday, as us conglomerate General Electric has an increase in income better than expected, 80% for the first quarter to $ 3.36 billion.

In Europe, the top mobile phone manufacturer Nokia reported a decrease in smaller than expected net profit in the first quarter to 344 million euros (503 million dollars).

Shares of Nokia rose from 3.45% to EUR 6.14 at the beginning of negotiation afternoon on a Helsinki market at only 0.24 per cent.

Thursday figures are the first quarterly results to be published since Nokia Executive in February, Steven Elop said that the company would abandon its own operating system mobile for a designed by Microsoft.

Moreover, Fiat took a step forward Thursday to become one of the largest automakers in the world with a $ 1.3 billion (889-million-euro) deal to increase its stake in Chrysler to 46 per cent.

Investors welcomed the news, with prizes of the action of the Fiat stock exchange Milan arrow 3.80% to 6,825 euros.

Across the Atlantic, stocks we climbed on Wednesday, with the Dow Jones closing index three years highs on strong earnings reports beat Wall Street expectations, particularly in the technology sector.

After the start of the day with a bang to three figures, the Dow Jones index won 1.52% at the end of the session at 12,453.54 points - the highest level of closing for the index of blue chip since June 5, 2008.

Tokyo closed 0.82% higher Thursday market

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Rise of European stocks before Easter break (AFP)

London (AFP) - European stock markets rose Thursday before Easter holidays, benefiting from strong gains in U.S. after a rocky start to the week, said traders.

Benchmark FTSE 100 in London acquired 0.26% at 6,037.55 points in noon trade, DAX 30 Frankfurt grew up in 0.73% to 7,301.97 points and in Paris, the CAC 40 advanced 0.66% to 4,030.75.

The Stoxx 50 of the largest companies in the euro area index increased from 0.80% to 2,945.17 points.

"" European indices continued to trade positively... adding to the gains of two per cent of yesterday,"said Giles Watts, Chief of the actions of traders of the Index of the city."

"Better than expected that us gains in recent days company continues to support actions across Europe."

"Intel gains are the kick yesterday at the very optimistic session beginning and stellar earnings from Apple yesterday evening helped cement the feeling positive gains on the last two trading sessions.

Global stocks have rebounded strongly heavy losses earlier in the week when Standard & Poor downgraded its Outlook for U.S. debt, where frightened investors already concerned about the level of indebtedness in some countries of the euro area.

Gains U.S. continued to please Thursday, as us conglomerate General Electric has an increase in income better than expected, 80% for the first quarter to $ 3.36 billion.

In Europe, the top mobile phone manufacturer Nokia reported a decrease in smaller than expected net profit in the first quarter to 344 million euros (503 million dollars).

Shares of Nokia rose from 3.45% to EUR 6.14 at the beginning of negotiation afternoon on a Helsinki market at only 0.24 per cent.

Thursday figures are the first quarterly results to be published since Nokia Executive in February, Steven Elop said that the company would abandon its own operating system mobile for a designed by Microsoft.

Moreover, Fiat took a step forward Thursday to become one of the largest automakers in the world with a $ 1.3 billion (889-million-euro) deal to increase its stake in Chrysler to 46 per cent.

Investors welcomed the news, with prizes of the action of the Fiat stock exchange Milan arrow 3.80% to 6,825 euros.

Across the Atlantic, stocks we climbed on Wednesday, with the Dow Jones closing index three years highs on strong earnings reports beat Wall Street expectations, particularly in the technology sector.

After the start of the day with a bang to three figures, the Dow Jones index won 1.52% at the end of the session at 12,453.54 points - the highest level of closing for the index of blue chip since June 5, 2008.

Tokyo closed 0.82% higher Thursday market

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Report the European Union: shields China 1 trillion dollars on the market (AP)

BEIJING - Opaque auction laws, pure and simple patronage and other practices by China effectively bar foreign companies from winning public contracts, a market equal to one-fifth of China's economy, a group of European companies, said Wednesday.

A study by the Chamber of Commerce of European Union in China adds to growing complaints from major trading partners that foreign companies are treated unfairly in the huge Chinese market and growing. Public procurement are particularly important, because government agencies play a major role in the economy, as funders and referees for submissions, said the Chamber of the EU.

Bidding on government procurement, "every step of the process, you have defects and difficulties with room for a non-equal playing field," President of the Chamber, Jacques de Boisseson said at a press conference. A European information technology executive cited in the study said the tender process "may seem pure protectionism and it's really frustrating."

Even after three decades of free market reforms, the Government and State-owned enterprises dominate vital elements of the Chinese economy. Study of the House of the European Union supports a broad interpretation of the involvement of the State, public contracts defining as including all infrastructure projects of certain purchases made by public companies and public institutions.

By this measure, the study estimates that China's Government procurement totals 1 billion dollars, or 6.8 billion yuan, or a year - about 20 per cent of the overall economy.

In trying to win public contracts, foreign companies often have difficulty obtaining information on the conditions of submission, the study said, while the practices set out in laws and regulations are implemented unevenly, often through local businesses.

Procurement became one of several prominent irritants in relations of China with partners in recent years commercial, as the size of the Chinese market soared while developed economies dark. The authoritarian Government has used potential access to the growth of the market as leverage, the development of policies to persuade multinationals to turn technology and open several factories and research facilities.

Preferences granted to domestic firms through policies and procurement have drawn complaints from large multinationals and American, Japanese and European governments.

Washington filed a record in the World Trade Organization last year challenging grants China gives managers clean energy of the complaint that allows them to sell solar and wind power unfairly low-priced equipment.

In the example cited by the study of the House of the EU, the wind turbine manufacturers face rules requiring that 70% of the wind farm equipment had to be taken locally - a requirement some interpreted strictly local governments that Chinese manufacturers from other provinces were sometimes excluded. Although Beijing branded the requirement of last year, some Governments are apparently continue to apply, the study said.

The study is not the name of names. But Vestas Wind Systems A/s for the Denmark, the more wind manufacturer had difficulty to give competing elbow side Chinese to China and on behalf of increasingly faces abroad.

"It seems that we are never"national"enough," the study cites an Executive for manufacturing wind power said.

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