Saudi Arabia critical after S & P downgrade of its rating – Le Figaro

Saudi Arabia sharply criticized Saturday the rating agency Standard and Poor’s (S & amp; P) has downgraded the rating on the eve of the kingdom, because of fears weighing on the deficit after the fall in oil prices. “The assessment is the result of a hasty reaction, unjustified and is not based on reality, said the Ministry of Finance in a statement, according to the official news agency SPA.

The agency is based on “temporary and unsustainable factors,” he continued, the rating agency S & amp;. P downgraded Friday by one notch to “A +” long-term rating of Saudi Arabia, leader of OPEC hit by lower crude prices.

The prospect of changes in the country’s rating remains negative, according to a statement from the American rating agency says it is prepared to lower the note in the next two years “if the government fails to sustainably reduce significantly and the deficit” of public finances

S & amp;. P says to expect that the budget deficit Arabia Arabia, one of the world’s leading oil producers, increased to 16% of gross domestic product (GDP) in 2015 against 1.5% in 2014, due to the sharp fall in oil prices.

In February, S & amp; P placed the rating of the kingdom negative outlook explaining that “because of its high dependence on oil,” the situation of public finances was now fading. The rating agency then reserved the possibility of lowering the rating of the time (AA-) in “the next two years.”

Between the end of June 2014 and the end of September this year, barrel of crude fell sharply from 90 dollars to less than $ 50.

Fitch Affirms “AAA” rating from Switzerland, stable outlook – Les Echos

LONDON, Oct. 31 (Reuters) – Fitch Ratings rating agency announced Friday it confirmed the “AAA” rating of the sovereign debt of Switzerland, with a stable outlook

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Fitch said in a statement that the rating reflects notably the prudence of fiscal and economic policies of the country, and the richness and diversification of its economy. (Juliette Rouillon for the French service)

S & P lowers rating of Saudi Arabia to “A-” – Les Echos

October 31 (Reuters) – Standard & amp; Poor’s said it had downgraded the sovereign rating of Saudi Arabia to “AA-” to “A +”, citing a “pronounced downturn in” its budget balance.

The rating agency expects that the budget deficit of Saudi Arabia be increased to 16% of GDP in 2015, against 1.5% in 2014, following the fall in oil prices.

“The high dependence on hydrocarbon income and current expenditure without flexibility make public finances vulnerable Saudi Arabia” wrote S & amp; P in a statement. The perspective attached to the rating remains negative. (Sudarshan Varadhan in Bangalore, Juliette Rouillon for the French service)

Standard and Poor’s lowers rating Valeant – Le Figaro

The rating agency Standard and Poor’s downgraded the note Friday Canadian drugmaker Valeant “B +” to “BB-” after he announced his break with the Philidor drug dealer. Valeant, which is also the target of accusations of accounting malpractice, saw its rating with a negative outlook which implies that it could still be lowered soon

S & amp;. P believes, in support of its decision, that “the accusations of embezzlement against Philidor weaken the credibility of the management of Valeant, yet further harm to the already tarnished reputation of the company and these developments reinforce the legal, regulatory risks” to Valeant. “We also believe that these problems could compromise the ability of the company to market its products to physicians,” says S & amp;. P

The negative outlook addresses concerns that affect the ability to Valeant in overcome the current difficulties even if the agency believes the company now has the means to cope with these difficulties.

Valeant action again lost nearly 16% Friday on the Stock Exchange of New York after the announcement of the break with Philidor.

Sales of products through Valeant Philidor were recorded when these drugs were still in stock, according to the revelations of October 26 Citron Research hedge fund that promised new “revelations” for Monday. The stock has lost nearly two-thirds of its value since mid-September.

The Samsung Galaxy Note 5 5 Strengths – Touch Tablet

With 5 Galaxy Note, Samsung sign a comeback through a competitive bike, both in terms of performance and design. While the unit should arrive in France from January 2016, discover the most interesting features of the new flagship store.

1 – improved An S Pen

Each new generation of Galaxy Note, the S Pen improved. For this fifth edition, an automatic ejection mechanism used to extract the accessory with ease. Furthermore, it is possible to take notes without unlocking the device, which can be handy. Finally, the Air Command menu to directly edit documents, to sign such or annotate PDF

2 – The load fast wireless

The announcement of the Galaxy Note 5 was accompanied by that of a fast wireless charger. Thanks to this device, the PHABLET can be charged to 100% in two hours. For wired charging, count only 90 minutes.

3 – YouTube Live Streaming

Note 5 of the camera application integrates directly with YouTube compatibility Live Streaming, streaming video online service from Google. Simply register your Google account, then choose the option to directly share Full HD video at 60 FPS. When the capture starts a 30 second delay allows time for the user to notify its subscribers

4 – A faster memory

One of the main shortcomings of the Galaxy Note 4 was its lack of RAM . Multitasking was unusable by poor optimization, despite its 3GB of RAM. This problem is corrected with the Galaxy Note 5 and 4GB of RAM LPDDR4, as fast bursar

5. – Samsung Pay

The Galaxy Note 5 Pay Samsung also introduced the contactless payment technology of Korean. This feature allows users to pay without having their credit card. To do this, the instrument uses both the NFC and the MST (Magnetic Secure Transmission) already employed by the payment terminals. Thus, this technology is already compatible with many conventional devices.

Even if you can find it on some import sites, the Galaxy Note 5 to be released officially in France in the weeks come later than early 2016.

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At the Paris Opera, a laptop note … € 52,000 in two months – Midi Libre

L Paris Opera investigating a phone bill in the amount of 52,000 euros over two months due to a business notebook of a shop steward FSU, according a statement of the public institution.

The Paris Opera investigating a phone bill in the amount of 52,000 euros over two months due to a business notebook of a shop steward FSU, according a statement of the public institution confirming the information Parisien Thursday, October 29th. “The line went dead immediately when we received the invoices for the last month of July and August,” said the deputy general director of the Opera Jean-Philippe Thiellay.

“A consumption data from abroad”

The invoice corresponds to an exchange of data from Spain, where the FSU union delegate, one of five unions representative at the Opera, was on vacation. The delegate explained that he had been trapped by the roaming charges or roaming. The European Parliament voted on Tuesday the end of these charges from 15 June 2017. “Information was requested from SFR. They verified that billing was due to over-consumption data from abroad, the user of the line had initially challenged time, “said a statement sent Thursday morning by the Opera.

The management of the Public Establishment sought details of communications by SFR October 28 letter, setting a deadline to 10 November. “At the end of this period, the management of the Opera will make use of all legal avenues, including civil and disciplinary, for the interest of the institution to be defended,” the statement said. Jean-Philippe Thiellay explains that the granting of a mobile phone is part of the union delegation, and two unions were using “without ever anomaly”.

The Opera House is a palace of the Medici

The FSU, which represented 10.95% in the last professional elections, filed in July a strike notice on several shows of back to the Opera. The union called for the doubling of a premium modulation and variable schedules of technicians and its integration in the calculation of pensions. According to Jean-Philippe Thiellay, the revelation of the exorbitant bill has nothing to do with the social climate at the opera, where “a crisis has been found” and lifted notice. “There were always strike notice to the Opera and the climate is more serene,” he says, belying the Parisian indicating that “for months, the opera is a true Medici palace where struggles are fierce and intrigues between the unions and management “

The last case of abnormal bill in a public establishment dates back to the spring. the director of the National Audiovisual Institute (INA) Agnès Saal, appointed in 2014, had to resign in late April after being pinned for spending over 40 000 taxis in ten months, with 6700 euros by his son who had its reservation code at the G7 company.

Xiaomi Redmi Note 2 Pro: the rumors suggest a new … – Frandroid

In recent days, the Redmi Note 2 Pro Xiaomi of talk, hinting that it could resume the technical characteristics of Redmi Note 2. A new report came from China nevertheless contradicts this and evokes a processor developed by Qualcomm.

While the Redmi Note 2 was unveiled this summer, rumors around its Pro version already beginning to dawn on the Web. Recently, there was mention of a fully designed metal shell and a fingerprint reader for this improved version of the phone that would take instead the same specifications as the original.

Read: Test Xiaomi Redmi Note 2: best first prizes

According AndroidHeadlines that evokes “ new Chinese report “, the Redmi Note 2 Pro, however, could carry a totally different processor Helio X10 met on the summer version, namely the Qualcomm Snapdragon 808. This chip is still relatively little used, but is found among others in the LG G4 or Nexus 5X … and the Xiaomi Mi 4c.

Apart from this feature, it would take broadly the datasheet its big brother, with a Full HD screen of 5.5 inches, 2-3 GB of RAM depending on variants (16 or 32GB) and two cameras 13 and 5 megapixels.

Always the source said, the Redmi Note 2 Pro is offered from 1099 yuan to version 2 GB / 16 GB, the equivalent of 160 euros, and 1499 yuan for version 3 GB / 32 GB, or 215 euros . These data are nevertheless to be confirmed, Xiaomi has not yet released any official information.