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American International Group (AIG) publishes quarterly results better than expected and announced that he had initiated discussions to be free from state control.

The U.S. insurer, owned nearly 80% by the state since his emergency rescue in September 2008, published for the second quarter a net loss of 2.7 billion dollars (2.05 billion euros) or $ 3.96 per share, against a profit of $ 1.8 billion ($ 2.3 per share) over the corresponding period last year.

The loss resulted primarily from an impairment charge of $ 3.3 billion.

Adjusted data, AIG reports a profit of 1.3 billion dollars ($ 1.99 per share), against 1.1 billion dollar ($ 1.71 per share) a year earlier.

"The situation is quite stable," said Bill Bergman, an analyst at Morningstar. "Stabilization does not mean growth or strong growth, but it seems to take this path."

The panel also said he began talking with the New York Federal Reserve, the Treasury Department and directors of AIG Credit Facility Trust on a strategy to "enable the State to break its relationship with AIG owner" .

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On Wall Street, AIG earned under 5.2%, to 41.98 dollars around 1400 GMT, while the Dow Jones index yielded 0.2%.Since the beginning of the action took 33% while the S & P's insurance sector grew by only 7%.

The general insurance business of AIG, Chartis, posted an operating profit of $ 955 million before taking into account net realized capital gains, cons generated one billion dollars a year earlier.

Chartis had to record $ 287 million of losses from catastrophes in the quarter, including that relating to the oil spill in the Gulf of Mexico.

"There are a result of major operational and stable in general insurance business," said Bill Bergman.

SunAmerica Financial Group, a division of AIG specializes in retirement services and life insurance, for its part, recorded an operating income excluding net realized capital gains of $ 1.1 billion, against 254 million generated a year earlier.

"The results of operations of the insurance company remains strong and continues to implement its restructuring plans and to prepare its separation from the U.S. government," said AIG Chief Executive Robert Benmosche .

The latter looks to the future with AIG SunAmerica and Chartis the heart of its business.

The Life business group have generated earnings before taxes of $ 604 million while $ 314 million a year earlier.

American International Assurance (AIA), which should be introduced on the stock exchange after its failed sale to Prudential, has made the most of this result, through its investments.

AIG Financial Products, a subsidiary of derivative origin of the troubles the group in 2008, reduced the notional amount of derivatives in its portfolio of approximately 602.4 billion dollars at June 30, down 36% compared the end of 2009.

The Paris Bourse continued its consolidation Wednesday despite a series of good results of the CAC 40 falling in the wake of Wall Street reacted negatively to the latest figures on the eve of consumption and the U.S. real estate.

At 9:28, the CAC 40 index shows a decline of 0.38% to 3733.14 points after losing 0.12% on Tuesday.

Investors will pay attention this afternoon at the United States publication of the ADP employment survey and the ISM services.

EDF wins 4.1%, highest increase in the ACC after the announcement of an increase in electricity tariffs from 15 August.These price increases are in the top end of market expectations.

Societe Generale, which opened up 3%, gaining 0.8% after posting better than expected results for the second quarter with a decline in its provisions and a stronger than expected growth in revenues.

Nexity yields 2.3%, largest drop in the SRD. Christine Lagarde, Minister of Economy, has announced a zero-interest loan to replace the enhanced tax credit on the loan interest.

Other major European markets are also down: London and Frankfurt lost 0.8% 0.52%.As for the European indices, the EuroStoxx 50 yields 0.62% and 0.67% Eurofirst 300.

The euro is stronger after a break of recent days and is trading around 1.3205 dollars, as U.S. crude, which trades at 82.16 dollars a barrel.

BNP Paribas publishes a net profit increase of 31.2% for the second quarter, above expectations, thanks to a sharper than expected decline in provisions for bad loans, offsetting lower revenues from its market activities.

The second bank in the euro zone by market capitalization, after Spain's Santander, said in a statement that recorded a net profit of 2.105 billion euros in the quarter ended June 30, with net banking income up 11 , 8% to 11.17 billion.

His provisions for risk of loss on the credit fell by 53.9% to 1.08 billion euros.

The consensus of the writing for Reuters on average expected a net increase of only 8% to 1.7 billion euros and provisions were down 36%.

BNP Paribas also said to be "ahead" on its program of synergies from the integration of the Belgian bank Fortis acquired last year, with 402 million euros of synergies on a target of 900 million.

In corporate finance and investment, the decline in profit before tax is also less than expected at 16.4% in the second quarter against 20% expected by the market.

Elsewhere in Europe, Swiss banks UBS and Credit Suisse have also announced last week the quarterly results above market expectations.

The German group Deutsche Bank's side recorded a drop in supplies.

The European banking sector has benefited in recent days a series of good news.

The results of stress tests that have been submitted 91 banks in the European Union and the announcement by the Basel Committee that it would make its proposed regulations have indeed helped to allay investor concerns about the soundness of sector balance sheets.

Since the beginning of the year, the benchmark Stoxx 600 European banks rose 0.36%. The action of BNP Paribas has cut its losses recently but it is still in decline of 5.7% since 1 January.

Societe Generale, the second French bank by market capitalization, reports earnings on Wednesday.

U.S. stocks opened lower after the announcement of a sharper than expected slowdown in economic growth in the U.S. in the second quarter.

In the first exchanges, the Dow Jones lost 0.8% or 80.53 points to 10,386 points while the Standard & Poor's 500 index yielded 0.9% or 10.25 points to 1090 points and the composite index the Nasdaq fell by 1.2% or 27.41 points to 2224.54 points.

The U.S. economy slowed sharply in the second quarter at an annualized rate of 2.4% against 3.7% in the first quarter, according to figures published Friday in the first estimate by the Commerce Department. The market was expecting growth of 2.5%.

On the values front, Merck was down 1.6%.The pharmaceutical company has yet reported Friday in quarterly earnings above expectations.

Chevron was down 0.8% despite a profit tripled in the second quarter.

The European Union announces it will appeal the conviction of the World Trade Organization (WTO) on subsidies provided to Airbus.

Airbus and Boeing accuse several years to receive public funding they deem illegitimate.

On 30 June, a panel of WTO experts found some illegal European subsidies provided to Airbus, a subsidiary of EADS, giving due in part to a U.S. complaint filed in 2004.

The appeal against this decision the EU will be filed before a special meeting of the Dispute Settlement Body of WTO, says a source close to the case.

The meeting, which started at 10:00, was convened at the request of the United States in the adoption of the June decision by the panel of experts, which would have forced the EU to end in 90 days to grant British, German and Spanish on the A380.

"This issue is too important to allow misinterpretations Group of Experts (DSB) without challenge," the EU trade commissioner Karel de Gucht, in a statement.

The call of the EU must be treated within 90 days, according to WTO rules.

In the day Wednesday, a lawyer for Boeing reported confidence in Boeing regarding this procedure.

"We are confident about the outcome of this appeal, as we were when the U.S. had opened the proceedings," said Robert Novick, a member of the firm WilmerHale.

"We are confident that the outcome of this appeal will be known by the end of the year."

A complaint against the European American aid mechanisms to Boeing would be decided on July 16, but the decision has been postponed to mid-September.

Louis Welsh, CEO of EADS, has held this postponement unfair.

Industrial production increased in the U.S. in June, against all expectations, above-normal seasonal temperatures have boosted the use of air conditioning and therefore the production of electricity, official statistics show the Federal Reserve.

Production was up 0.1% in June while economists and analysts polled by Reuters had forecast an average decline of 0.1%.

The May figure was confirmed at 1.3%.

For the second quarter as a whole, industrial production has emerged up 6.6% yoy, lower than the 7.0% increase recorded during the first three months of the year.

The production sector of utilities rose 2.7%, higher than the Fed said the sharp rise in the use of air conditioning.

Manufacturing output fell for its 0.4%.

The utilization of production capacity has remained stable at 74.1%, but remains below 6.5 points to its average over the period 1972-2009.

The Federal Reserve is closely monitoring these statistics to assess the possible inflationary pressures, which could affect its monetary policy.

U.S. stocks finished higher on Thursday for the third consecutive session after the publication of employment data found reassuring.

The Dow Jones gained 1.2% or 120.71 points to 10,138.99 points, while the Standard & Poor's 500 took 9.98 or 0.94% points to 1070.25 points.

The Nasdaq Composite Index has advanced by 0.74% or 15.93 points to 2175.40 points.

The weekly claims for unemployment benefits fell 21,000 last week to the United States, more than expected, which has momentarily quieted concerns about a possible slowdown in U.S. economy.

Prices were also supported by the major U.S. retail chains that have posted good sales in the month of June JC Penney Co. and Abercrombie & Fitch were awarded 6.7% to 23.24% and 7.75 dollars to 35.45 dollars.

Costco Wholesale has gained 2.62% to 55.71 dollars. The number one warehouse stores reported an increase of 4% of its turnover store, which has been slightly below market expectations.

Side decreases, the values of semiconductors have been some profit taking.

"It is a context of nervousness.The investors are not eager to jump feet first into the market, "said Scott Marcouiller specialist at Wells Fargo shares Advisors in St. Louis.

Micron Technology has come a decline of 2.3% to $ 8.69. Index PHLX Semiconductor sold 0.1% after gaining over 5% Wednesday.

Apple has sold 0.2% to $ 258.09 and Intel 0.2% to 258.09 dollars also.

The Belgian bank insurer KBC sold its derivatives in Asia for about $ one billion, as part of restructuring promised in exchange for public assistance received during the crisis.

The buyer of Global Convertible Bond and Asian Equity Derivatives is Daiwa Capital Markets, the investment banking arm of Daiwa Securities of Japan.

The transaction will result in a strengthening of the capital of KBC and an increase of ten basis points from its Tier One ratio of liabilities to equity reported "hard".

The group, which received seven billion euros in state aid during the crisis, has agreed, in agreement with the European Commission to reduce its risky assets of 39 billion euros between 2008 and 2013, mainly by reducing its activities on financial markets and corporate lending internationally.

For its part, Daiwa seeks to develop its activities in Asia to take advantage of growth in the region after reducing its alliance in investment banking business with the Japanese bank Sumitomo Mitsui Financial Group.

KBC also said Monday it had sold to the Australian insurer QBE Insurance Secura its reinsurance subsidiary based in Brussels for 267 million euros.

QBE has made over 75 acquisitions over the last ten years to be present in 47 countries.

In May, KBC has raised 1.35 billion euros by selling its private banking arm KBL European Private Bankers to the Indian company Hinduja Group.

KBC closed the business in Japan in March. Analysts, traders and sellers of office of KBC in Tokyo have been committed by BNP Paribas.

Renault has confirmed Monday that it submitted a letter of intent for the acquisition of Korean carmaker Ssangyong.

A spokesman for the diamond manufacturer said by telephone that the letter of intent had been submitted jointly with Renault Samsung Motors (RSM), Renault's Korean subsidiary which it holds 80.1%, and with its Japanese partner Nissan .

Ssangyong, the smallest of South Korean car manufacturers and specialize in 4X4, is in administration since early 2009.

The group, for which a Seoul court should choose a buyer in August, said his side last week it had withheld a total of six candidates.

According to the Korean press, the transaction would be valued at between 300 and 500 million (250-400 million euros).