The acrimony to oil companies it is universal

In "Les Carnets du Major Thompson", Pierre Daninos was that the Anglo-Saxons, when they see pass a Rolls, dream when they rise to turn the French to which the passenger will be forced off. The acrimony to oil companies, it is universal. Majors know something, forced to announce their astronomical profits with modest of violets. In 2008, less than ever, they have escaped the exercise: 45 billion to Exxon, 24 for Chevron, 14 billion euros for Total. But blow on blow, ConocoPhillips and Chevron are to prevent the decline of American natural gas prices and refining margins narrowing had weighed on their profit in the second quarter. The morale of the consumer who has remote pumps and the weakness of the dollar devaluation revenues abroad prevented them from take advantage of the almost doubling of the price of oil over the period. Then everyone goes downNot really. The projects of groups, such as Chevron, arriving at the stage of the operation will allow him to return to production that he loses in refining activity where it is less exposed than Exxon. It is time to take account in its title upgrading to 14 times its 2009 profit remains lower than that of its elder who pays them 17 times.

Elephant ears

Between pessimism and optimism, there is the wait. Star in the country of Hinduism, Infosys, second Indian computer services company, know that karma is a string that has been made, what it is doing, and what will be. Its past argues in its favor. Born in 1981 of the meeting of 7 partners and 250 dollars loaned by the wife of one of them, he directed over $ 4 billion in sales and $ 1 billion profit. For a company which carries out 61 of its activity with the United States and a third with the financial sector, the present could have been dark. On the contrary, it rose by 17 of its quarterly earnings and 10 of its sales, in other words, it improves a margin of 30 already more than triple that of the best Western. The elephant of Bangalore barrit not victory so far and opens wide ears. He noted slightly its forecast of sales floor, he remains very cautious in the future because he knows that the crisis is not over and that the price war is just beginning. The market that advances its action by 50 since the beginning of the year apparently believes that much hanging on the basket there weapons to deal with it.

Mountain sickness

Can live in the mountains and fear running out of air. Swiss private banks are already months experience, taken in a paradox. On the one hand, the abyssal loss recorded by the national leader of the UBS wealth management in the "subprime" crisis their first benefited: customers flocked to them for flight security. On the other, US tax dispute on international banking giant made blow an air of drama on the quiet next-door place: customers are left because of the breach in its sacrosanct banking secrecy. Indeed, a new generation of private bankers is not upset to turn the page of the very ancient time which reduced their know-how to the ability to open accounts for allergic to tax number. There is not less that the sector must find new balance while investors see that the impact of the financial crisis are very painful: a cocktail made of descent of the assets under management under the effect of the fall of indices and narrowing of margins as a result of the attraction for less risky investments. Councils push bankers to their "business model" scanner without depriving look at acquisitions, transfers or partnerships. To find the oxygen.