Archivio per February, 2010

Asian stock markets continued in the green

While the Tokyo Stock Exchange is closed on Wednesday because the National Foundation Day, most Asian stock markets continued in the green Wednesday: Hong Kong gained 1.36% at 20,192 points, Taiwan rose 1.10% in 7441 points, Seoul ahead of 1.93% to 3385 points, India climbed 1.25% to 16,120 points and finally Singapore up 0.58% at 2,750 points.

Crude prices were up Thursday in electronic trading in Asia enjoying a decline in the dollar market awaits the release of weekly oil stocks in the United States, dealers said bad credit payday advance . Again, the French would they be worried too? INSEE expects a stable price per barrel to around $ 80 by mid-2010. But the National Institute of Statistics warns that still considerable uncertainty surrounding its estimates, the market of black gold is very volatile.

According to the Ipsos survey, these pessimistic expectations should lead the French champions of saving, save more.Nearly 65% of respondents believe that the crisis will encourage them to save even more. On this point, they agree with the experts. The INSEE estimates that savings will remain at a high level (16.6%) in the first half of 2010, having broken records in 2009.

Latest cares, but not least, the French: the future of pensions. They are 90% believed that "concern about changes in the level of pensions in the years to come is a sense justified. Negotiations on the future of the pension system, initiated by the government this year, will soon fix the issue.

The passenger traffic of Air France back again in January

The airline Air France-KLM issued Monday traffic figures for January 2010 on its planes. There was a 1.6% decline in passenger traffic over this period. Activity has decreased mainly because of bad weather in Europe and the two-day strike of French air traffic control.

This is the thirteenth consecutive monthly decline in passenger numbers recorded by the Franco-Dutch group, but it is nevertheless lower than in December, which was -4.6%. In parallel, the capacity of the group were down 3.4%, thereby enhancing the load factor, which increases by 1.4 percentage points to 78%.

On the cargo business, Air France-KLM has had on January traffic increased by 2%, thanks to the Asian network, which showed "a sharp recovery in terms of both volume of traffic," the statement said .The load factor reached 64.3% and, up 8.5%, due to the capacity reduction of 11.4% on the cargo segment.

Reduce illiteracy to combat unemployment

Taboo, and a huge handicap in finding a job. Visiting Thursday morning in an agency employment center of Havre – his second trip in fifteen months in the Norman city – Laurent Wauquiez has launched a campaign to detect jobseekers LLN. "Yes, our country has a problem with illiteracy, has confessed to the Secretary of State for Employment. We must now recognize and break this taboo that represents a barrier ruthless when they lose their job or be in a search. "

A study by the National Agency for the fight against illiteracy (ANLCI), 4.5 million people have difficulties reading and writing in France. 9% of the population having been educated, more than half over 45 years and works. "The abysmal numbers, for Laurent Wauquiez. "It is a scourge, replete Thierry Le Paon, the" Mr.Training "of the CGT, which had made the trip to Le Havre. "It is outrageous to pay an employee partially unemployed and do nothing when he has problems of illiteracy," said the friend of Bernard Thibault believes that "7 to 8%" number of workers involved. Side job seekers, it's even worse with 15% of the unemployed are suffering from illiteracy, according to ANLCI. 300 000 people! "This is not a detail, but a major problem that must be central to our priorities," said Laurent Wauquiez.

20 000 courses in 2010

The 49 000 advisers Pole employment so soon will have a "tool kit", designed by ANLCI and adapted to each region to learn to identify situations of illiteracy among jobseekers flexible cash advance payments ."A lot of clues exist but need to know how to identify, was justified Marie-Th?r?se Geffroy, president of the ANLCI. Signs such as, among others, have difficulty in tracing his career, did not note the time and place of an appointment or refuse to take some public transport. "It is very fragile for an unemployed person to recognize that he has a problem, Jean-Dominique recognizes Chertier, chairman of the board of directors employment center. We must learn to exonerate the advisors and the push to get out. "

In addition to the kit, the agents will be trained to know "all available tools". Finally, the State will fund 20 000 courses in 2010 on the knowledge base to destination for job seekers. 7% of the target.

An "ambitious first step" that Secretary of State for Employment has good boost.It also intends to shift, in agreement with the unions who asked him, some of the funds for vocational training for employees via the illiterate future fund joint career security. This "FPSPP, whose creation is expected in the coming weeks, should allow 700 000 unemployed and unskilled workers to be trained each year.

Laurent Wauquiez wishes finally reform the Day Call of preparation for defense (JAPD) for the 5% of youth identified LLN are no longer to exit left alone in nature. "

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Wall Street sharply lower in mid-session

"The environment is very negative." Mace Blicksilver, analyst at Marblehead Asset Management, sums up the situation on Wall Street. The U.S. stock market plunges into the red in mid-session in the wake of negative fences in Europe. Around 19 hours (French time), the Dow Jones lost 2.25% at 10,037 points, prompting observers to wonder if the 10,000 points will be maintained. The loose Nasdaq 2.45% to 2137 points and the S & P 500 fell by 2.49% to 1070 points.

The Exchange NEWYORKAISES doubt due to bad news from Europe on the deficits of Greece, Spain and Portugal.

To this are added the figures disappointing employment. The U.S. Department of Labor lists because 480,000 new applications for unemployment benefits from January 24 to 30, or 1.7% over the previous week. The indicator has thus regained its level of December 12.The bad news casts doubt then that should be released tomorrow Friday monthly report on employment.

The increase more than expected to 6.2% in productivity in the fourth quarter did not offset the effect of this announcement. Just as rising industrial orders have increased twice more than expected in December, 1% from November (in data seasonally adjusted) as many as the previous month, said the Commerce Department.

The dollar rises, the export value suffers

Fears about the deficits of some European countries, coupled with the announcement of the ECB to keep rates at 1% are falling euro and strengthening dollar.The European single currency affects its lowest level since June 2008 and back below the 1.38 dollars.

In turn, values related to raw materials, energy and export sinking stock market. Alcoa lost 3.63% to $ 13, Exxon loose 2.22% to 65.12 dollars. Caterpillar (-3.05% to 51.71 dollars), General Electric (-3.54% to 16.09 dollars) and Intel (-3.25% to 19.04 dollars) fall.

Cisco is unable to support markets

Only Cisco maintains the cap: 0.39% to 23.16 dollars. The group announced that its net income for the second quarter of fiscal year staggered (late October to January 23) increased 23% over one year to 1.853 billion dollars, beyond expectations and its own forecasts . Above all, sales rose 8% over one year to 9.815 billion dollars, while three months ago the group was considering an increase of 1 to 4% only.These solid results are greeted in Stock (1.73% to 23.46 dollars) but do not support enough Nasdaq.

Bank of America 3.81% cowardly to 14.84 dollars. The Minister of Justice of the State of New York, Andrew Cuomo, the bank continues to have hidden the losses of its subsidiary Merrill Lynch and "manipulated" the authorities for a massive federal assistance.

Kellogg fell 4.15% to 52.90 dollars. The producer of cereal for breakfast reported earnings slightly down on last quarter, worse than is expected by analysts and below its own forecast.

Monster Worldwide has published quarterly results and announcing the acquisition of HotJobs to Yahoo for $ 225 million in cash. The news is very badly perceived in the marketplace.The title plunges 18.86% to 13.32 dollars.

Amazon (-2% to 116.72 U.S. dollars) was about to buy Touchco, a start-up NEWYORKAISES specializing in touch screen technology, according to U.S. daily New York Times. The objective is to further strengthen the capabilities of the tablet Kindle while Apple (-2.68% to 193.89 U.S. dollars) has launched its iPad.

Moody's announced an increase of 16% of its profit in the fourth quarter, to 101.9 million against $ 88.7 million a year earlier. The title is yet sanctioned: -5.12% to 26.66 dollars.

The title Cigna (-3.28% to 33.62 dollars). The group released on Thursday a quarterly profit above expectations at $ 330 million against a loss of 209 million a year earlier.

Ford, best seller in the U.S.

Ford becoming the preferred developer of Americans? This suggests that the figures for auto sales in January last published Tuesday by the manufacturer. The latter announced a 24.6% jump in sales of new vehicles after having already recorded a jump of 32% in December. In total, the Group sold 116,534 vehicles last month in the United States.

Excluding the Swedish brand Volvo, being sold to the Chinese Geely, the Group sold 112,406 vehicles in January (Ford, Lincoln and Mercury), up 24%. Wholesale sales to fleet companies and corporate car rental "have more than doubled from their depressed levels of last year," Ford added in a statement.Car sales at retail, however, declined 5% after a 18% increase in December.

The group estimates its market share in January to the United States to 16%, "about 2% more than in January 2009" was his first gain market share over a full year since 1995.

General Motors is still in the race

General Motors (GM) for its part has seen its sales jump 30% for the four brands which formed the core of its activity (GMC, Chevrolet, Buick, Cadillac), again with a cover especially for wholesale sales but also for retail sales (3%).

However retail sales registered on the verge of being arrested or surrendered (Pontiac, Saturn, Saab, Hummer) collapsed by 90%.

In the wake of this success, GM is revising upwards its forecast of market for all of 2010, now between 11.5 and 12 million units as against 10.4 in a first estimate.

Spun off for Chrysler

In the top three U.S. market, Chrysler is only in the red. The last of the Big Three announced a decline in sales of 8% in January to 57,143 units . The American manufacturer, 20% owned by Fiat, estimates that annualized pace, the U.S. car market as a whole should be about 10.9 million cars in January.

The builder was still delighted to have been able to increase its market share, but does not quantify."The company continues to make progress each month and this trend continued in January, welcomed the chief sales Fred Diaz was quoted in a statement.

Toyota in turmoil

Apart from domestic manufacturers, Toyota shines through his performance against the U.S. market. The Japanese carmaker, which is facing an unprecedented crisis with a massive recall of cars worldwide due to faulty accelerator pedal, said Tuesday that its sales had declined by 8.7% a year January in the United States.

While sales of the Lexus brand rose, those of Toyota, "affected by the suspension of sales announced January 26" for eight models, fell 12% to 83,279 units, Toyota continues.However, the eight models affected are "more than 60% of total stocks," the group said the release of the group.

The downside is huge: In December the Japanese had seen its sales jump 22.9% year on year in the United States.

Overall, auto sales in the U.S. market are in line with analysts' expectations. January is usually one months bleak in terms of sales. But manufacturers expect anyway to achieve a better performance than that of 2009 when the figures had reached their lowest level in 26 years. Manufacturers seem to recover slowly from a disastrous 2009 when 10.4 million cars were sold, the lowest level since 1982.

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Total: closure of the refinery delayed

Calling Christian Estrosi, Minister of Industry, has been heard. The management of Total committed, in a statement to guarantee employment to every employee, regardless of the decision about the future of the Dunkirk refinery.

The Minister of Industry said that Monday morning that the government "will not accept" the closure of the Total refinery at Dunkirk "until there are no guarantees necessary for the sustainability" of 800 jobs concerned, "he said Monday on radio BFM.

"Total must invest in employment" (CFDT)

The secretary general of the CFDT (French Democratic Confederation of Labor), Fran?ois Ch?r?que must also be reassured that he claimed in the wake of Christian Estrosi, that: "Total has a lot of money, so total should invest in employment."He said Total "must go beyond" its legal obligations: "He has to justify the closure, but it must ensure that all the jobs lost are converted to another activity Total, not to mention sub-contractors' cash advance payday loan .

According to La Tribune, the continuation of the refining process would require 60 and 120 million euro investment.

In March 2009 already, the oil company had attracted the ire of politicians, after announcing the abolition of 555 posts in France, including 249 by 2013 in the refinery.A few weeks earlier, had issued a total record profit for 2008 of 13.9 billion euros.

Total release February 11 its profits in 2009, expected around 8 billion euros.

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