The fee will rise to 0.1% of the value of acquiring the shares. It must take effect in August.

Are concerned the major listed companies headquartered in France, "whatever the place of completion of the transaction."

The amount of another tax, which will focus this time on purchases of credit default swaps (CDS) sovereign "naked", will amount to 0.01% of the notional amount of the contract.

The text also plans to tax the transactions of high-frequency trading.

For the latter, the tax will amount to 0.01% of the amount of orders canceled or changed beyond a threshold may be fixed by decree. This threshold "can not be less than two-thirds of orders addressed and can be modulated depending on the size of balance sheet of the operators concerned," we read in the text.

To avoid penalizing the financing of companies and states, the obligations are not affected by these new taxes.

The government hopes these measures will yield one billion euros in a full year.

MORE EXEMPTIONS

The published document is described by BFM Business as draft article to be included in the draft amending budget presented Wednesday by the Cabinet.

Without commenting directly on this document, a source at Bercy said the bill was forwarded to the Council of State and it was not final. 

The document states that the tax on stock purchases is due on the first day of the month following the acquisition.

For 2012, the tax must be paid before November 30 for purchases made between August 1 and October 31.

Several exemptions are provided, especially for market-making activities, purchases made through a share issue, the operations performed by a clearing house or the acquisition of shares between companies within the same group.

The tax on sovereign CDS bare "applies to any purchase by an enterprise carried on in France," it reads in the text.

This tax will not be due if the taxpayer holds a long position in the debt of that State, he said. 

Again, the market-making operations are not affected.

As for the tax on high-frequency trading, it is clear that it will not affect the systems used to optimize the conditions to execute orders or to route orders to one or more trading platforms or affirm those orders.

The Nikkei gained 127.48 points to 8,287.49, after falling last week to a low of two and a half years.Government sources in Rome say they know nothing of any request for assistance from outside of Italy.

A trader in Tokyo noted, however, that markets remain very cautious about the debt crisis in the euro area.

"I thought that Italy would stabilize somewhat after the departure of (Silvio) Berlusconi, but the degradation of Belgium and the high yield suggests that Europe has entered a black hole," said Fumiyuki Nakanishi, strategist at SMBC Friend Securities.

"We do not know where is the next mine."

The Nikkei lost 34.31 points to 8,769.09 and the Topix, larger yielded 1.57 points (-0.21%) to 750.45.

Greek Prime Minister George Papandreou concluded an agreement with the opposition to form a coalition crisis supposed to approve the bailout of the country put together in late October in Brussels.

But in detail, both parties have provided little information on how this will unfold, including uncertainty about the identity of the future prime minister who will lead the coalition.

On the Nymex, the December contract on the U.S. light crude (WTI) ended on a loss of a dollar, or 1.07% to 92.19 dollars a barrel.

Meanwhile, Brent yielded 0.33%, 0.3 dollar to 109.23 dollars.

The announcement of a further slowdown in manufacturing activity in China and the United States has accentuated the negative sentiment in the markets. and

The trade balance posted a deficit of 45.61 billion dollars, while the market was expecting a hole of 45.8 billion.

In July, the deficit eventually amounted to 45.63 billion (44.81 billion in the first estimate).

Exports were down 0.1% from July to 177.61 billion dollars while imports remained unchanged at 223.22 billion dollars.

The United States has accused a record trade deficit in relation to China, to 28.96 billion dollars against 26.96 billion the previous month.

In the morning, China announced that its trade surplus had declined in September for the second consecutive month, a statistic that reflects the weakness of the global economy and the slowdown in China itself, thus being factor decline in world stock markets.

Originally scheduled for Saturday afternoon, a decisive meeting of the board of the group was delayed until Sunday to give negotiators more time.

Belgian Prime Minister in charge of current affairs, Yves Leterme held talks in the morning by telephone with the head of the French government said on around him, while advisors from both countries met in Paris.

The finance ministers of both countries, Baroin and Didier Reynders, should discuss the matter later in the day, sources said in Brussels, which could take an inter-Belgian.

No comments could be reached immediately on the case in Paris.

The rating agency Moody's has increased pressure on the Belgian camp Friday night: it has placed the sovereign rating of Aa1 by explaining kingdom under surveillance will include assessing the costs and liabilities that the state could play in supporting Dexia.

The dismantling of the group could indeed go through a nationalization of the Belgian branch, Dexia Bank Belgium (DBB), which specializes in bank deposits.

One solution put forward in recent days by the interim government in Brussels but which opposed the three Belgian regions, which owns 5.7% of the group and who wish to retain a role in financing local governments.

Both sides, however, are closer to a compromise in recent hours, officials said a source familiar with the matter.

The Belgian daily L'Echo reported previously that the nationalization of DBB may be followed by a holding areas at a future capital increase of DBB.

LOAD difficult to allocate

The Echo adds, however, that the track of a redemption of DBB by a foreign bank is being considered and said that several institutions have expressed interest, including Deutsche Bank, Rabobank, Crédit Mutuel and BBVA.

Another key point of discussion: the distribution of the financial burden of dismantling between Belgium and France, whose participation combined with that of the Caisse des Depots (CDC) is around 25%.

Yves Leterme and Didier Reynders warned Thursday the French government that Belgium would not only burden.

The two countries should agree on such funding guarantees to provide for the financing necessary for the liquidation phase of a bond portfolio valued at 95 billion euros.

According to L'Echo, France keen to maintain its AAA rating, "defends a 60/40 split or 65/35" instead of the theoretical equilibrium 50-50 on the basis of the current distribution of capital."Belgium is not hostile," the daily.

Friday, François Fillon announced that the Deposit would release three billion euros to finance the French local authorities until a new entity formed by the Deposit and Consignment Office (CDC) and the Postal Bank takes over Dexia.

Before the board of directors of Dexia, Nicolas Sarkozy at the Elysee Palace has received the Director General of the International Monetary Fund, Christine Lagarde. It did not comment after the meeting.

The French president is scheduled to visit Sunday in Berlin for talks and a working dinner with Chancellor Angela Merkel before the summit of the euro area of ​​17 and 18 October and the G20 in Cannes on 3 and 4 November.A bilateral meeting during which the larger issue of the recapitalization of banks in Europe should be addressed.

For the presidency of the last Board of Governors of the ECB, Jean-Claude Trichet, however, disappointed part of the market hoping the announcement of a rate cut by the end of the year as the economy slows and the Bank of England injected 75 billion for his part in pounds sterling (86 billion euros) in cash.

The CAC 40 index ended up 3.41% to 3075.37 points, following a rebound of 4.33%.Other major European markets, London was up 3.71%, 3.15% Frankfurt and Milan to 3.55%. The pan-European Euro Stoxx 50 index rose 3.18%.

"While the speech of Jean-Claude Trichet has disappointed some investors but remains on a positive note and not only to the ECB to intervene to improve the current situation," said Bertrand Lamielle, Director of Management mandated at B * capital.

INVESTORS MORE OPTIMISTIC

"Some had anticipated a rate cut and an increase in the size of EFSF (European Financial Stability), it was not the case.But we must remember that the mandate of the ECB is not the same as the Fed, and that it focuses only on inflation, which is why it has kept its rates unchanged, "he adds .

As before, the cyclical and financial stocks helped support the trend. The automotive sector grew by 4.3% and the construction of 4.04%.

Stoxx index of European banks has provided 4.18% and 5.08% of the insurers, the European Commission has announced that it would propose a coordinated action to recapitalize banks.

However, Dexia has also marked the session, the title having been suspended in the afternoon at the request of the Belgian authorities when he fell over 17%.Belgian regulators have indicated they wanted more details on the ongoing negotiations on the takeover of the Luxembourg subsidiary of Dexia in Luxembourg.

Except for the difficulties faced by the Franco-Belgian bank, investors want more optimistic about the European situation, as illustrated by the award of Spanish debt carried at rates much lower than this summer when the fears were strong to see the country contaminated by the debt crisis in the eurozone.

The yield on government bonds to 10 years is Spanish and dropped below 5% in session before recovering to 5.01% against 5.092% at the close Wednesday, while the Bund yield the same maturity is 1 , 95%, against 1.84% yesterday and nearly 1.72% on Tuesday.

Similarly, the euro was up 0.64% against the greenback at 1.3422 dollar.

This tax will be sitting on their sales-tax at a rate of between 0.08% and 0.12% and is expected to bring nearly 250 million euros, the newspaper said on its website. Electricians (mainly EDF) will pay the third party, says he.

The government source confirmed the creation of this tax and its rates, but not the expected return.

Wednesday the government will introduce the draft budget for 2012 which aims to reduce the public deficit of France to 4.5% of GDP at the end of next year.

The composite indicator of consumer confidence stood at 80, down five points from July, and is now the lowest since February 2009.

Economists and analysts polled by Reuters on average expected a figure of 84 and the most pessimistic estimates gave it to 81.

Fell to 77 in October 2008, the barometer of consumer sentiment had risen to 91 in early 2010.It evolves from September 2007 below its historical average of 100.

In a context dominated by the debt crisis and falling financial markets, households' opinion about their personal financial future down quickly, Insee said in a statement: the balance corresponding yield six points in September compared to July.

In addition, households consider that the time is much less favorable to spare, leaving the balance corresponding back and forth eight points below its historical average.

Fears of changes in unemployment are soaring while the balance of opinion on the development of future standard of living fall.

The INSEE survey is conducted each month (except August) by telephone from approximately 2000 households.

The Dutch group, owner of the first supermarket chain in the Netherlands (Albert Heijn) while achieving 60% of its sales in the U.S. market, complete its share buyback program of one billion euros by March 2012, six months earlier than expected so.

Ahold, which has cash of over $ 2 billion, said the schedule change does not signal the abandonment of his hopes for acquisitions and has announced plans to export its format from the supermarket next year in Germany and possibly Belgium.

Around 8:15 GMT, Ahold lost 3.57% to 8.04 euros the Amsterdam Stock Exchange, while the Stoxx European retail sector yielded only 0.09%.

Operating earnings excluding items of the group fell 21% in the second quarter to 275 million euros, less than 309 million euros expected according to Reuters.

The weak dollar and restructuring costs have contributed to this including poor performance, said the group, which operates nearly three.000 stores in 12 countries.

In a context of rising fuel prices, stagnant wages and fear of an economic downturn, retailers have struggled to pass on price increases to consumers in Europe and America.

The Belgian group Delhaize, which also carries the bulk of its sales in the United States, also missed the consensus in the second quarter. The sales of Ahold, slightly better than expected, fell 3.5% to 6.87 billion euros.Market share increased in the United States and the Netherlands.

However, the turnover number of store in the United States was up 1.2% excluding fuel and the operating margin stood at 4.1%, slightly lower progressions that expected.

In contrast to the Netherlands, sales and operating margin, respectively up 2.6% and 6.2%, in line with expectations.