The commands in French industry, including export, fell sharply in September after several months of growth, even if they were up all over the third quarter, INSEE said on Friday. The industrial new orders (excluding transport equipment but including automotive) were down 3.1% from the previous month after rising 0.8% in August.

Those from abroad also recede, 2.7%, says the National Institute of Statistics and Economic Studies in a statement. The decrease is very strong in the automotive (-6.9%), pharmaceuticals (-8.3%), chemicals (-2.7%), paper and cardboard (-6.2%) and textile (-3.2%). Electrical equipment, electronic and computer were down 1.6%.

Mizuho Financial Group announced the elimination of these positions, which represent about 5% of its workforce, by March 2016 in connection with the merger of its retail banking and business.

Half the income of Mizuho Financial Group, the second Japanese bank by assets, fell by a quarter, partly due to a drop in trading revenue bond.

Sumitomo Mitsui Financial Group (SMFG), the third Japanese bank whose profits also fell by 25%, said it would repurchase up to 50 billion yen (476 million) of its own shares or 1.63 % of its claims.

"The profitability of their core business remains low in Japan, including disposals of investments and sales of insurance products, which remain low," he said of Mizuho and SMFG Chikako Horiuchi, an analyst at Fitch Ratings in Tokyo.

"Times are tough for their brokerage. So the question is whether they are capable or not boost their activities abroad."

The prospect of the Japanese economy is overshadowed by a strong yen and weak global demand.

"In the second half, the impact on the luxury industry of the economic challenges the world faces and the high comparison base to which the measure group sales we suggest caution," said Johann Rupert, the chairman CEO of world number two luxury.

"Given the performance achieved to date, and despite these challenges, the operating profit of the year should be significantly higher than that of 2010-2011," he added.

Even as Richemont is known for prudent forecasting, these words echo the comments of all other major luxury groups, which have recently published quarterly defying the economic crisis.

Last week, the leather Hermes said he was hampered in its growth by its production capacity which does not allow it to meet demand, given the popularity of its handbags and famous silk scarves.

Mid-October, LVMH had also published quarterly strong despite the vagaries of the economy.

"The bond purchase program dismantles market discipline without establishing a discipline policy in place," write the "Wise Men" German in a report released Wednesday.

Blurring the fiscal and monetary policies, "the ECB endangers its credibility because it may be suspected to monetize sovereign debt," they write.It previously projected 1.8% and 3% respectively.

Economic advisers plan for next year export growth of 3.2% and unemployment down to 6.9% against 7.1% in 2011.

The CSF must publish a list of 29 banks that need to raise capital and be subject to more stringent rules because of the risk they pose to the entire financial system because of their size and complexity.

The top of the eurozone, which ended in the night between Wednesday and Thursday led to a series of measures to resolve the crisis, including the deletion of 50% of the Greek debt to private creditors and the strengthening of the Fund stability in the euro area.Here are the details of decisions taken by all European leaders.

The discount of the Greek debt to 50%

Banks and private equity funds that hold Greek debt have agreed to voluntarily relinquish 50% of their claims on the national debt by 2020: specifically, from January 2012, they will exchange their debt obligations Greek against others whose value will be halved. This represents a deletion of 100 billion euros of Greek debt, currently at 350 billion euros. Fund stability in the euro area (EFSF) will bring to these private creditors 30 billion euros in guarantees on these new claims.Among the measures to strengthen fiscal discipline common EU monetary figure "the adoption by each Member State of rules on passing a balanced budget the Stability and Growth in the legislation, preferably at the constitutional level or equivalent end of 2012, "the statement said.

Highs in the euro area twice a year

Highs in the euro area will be held twice a year. They will be chaired, at least initially, by the President of the EU, the Belgian Herman Van Rompuy. A change in the EU treaty is considered.

1 / 10

Previous Previous PauseSuivant 155 million euros in ticket sales Next

2 / 10

Previous Previous PauseSuivant An organization deficit of 25 million Next

3 / 10

Previous Previous PauseSuivant 80.Next stages

"There is progress," he said on his arrival in Brussels where he will hold talks with German Chancellor Angela Merkel began Sunday when the European Council considered a challenge for the future of economic and monetary union.

"By Wednesday (when a second Council, ed), we must find a solution, a structural solution, an ambitious solution, a final solution, there is no choice," he said when he arrived at the headquarters of the European Council.

Asked if he was confident in the outcome of discussions, the president replied: "Yes, otherwise I would not be here."

David Riley has also held that a creditor of last resort credible was necessary to Rome and Madrid, stressing that the European Central Bank (ECB) should play this role.

"If we end up with a solution for Greece involving more impairment than those defined in July, it will be a roadmap for banks (…) and we will have a credible creditor of last resort for Spain and Italy, "he said at a conference in Brussels bond.

"The EFSF (…) is currently too small.There is an institution, the European Central Bank (…) (…) and I would suggest that the ECB this role (…) in the same way that we expect such a function from the Bank of England (BoE), the Federal Reserve or the Bank of Japan (BoJ). "

An EU summit in Brussels Sunday is expected to discuss how to maximize the firepower of the fund. At the request of Paris and Berlin, an additional peak in the euro area will be held next Wednesday, including agreement on this question, one of the elements expected by the market to combat the crisis.