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	<title>Financial News, Economic Education, Analysis &#187; information</title>
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		<title>Net increase in job creation in the U.S. in January</title>
		<link>http://patbkk.com/net-increase-in-job-creation-in-the-u-s-in-january/</link>
		<comments>http://patbkk.com/net-increase-in-job-creation-in-the-u-s-in-january/#comments</comments>
		<pubDate>Fri, 03 Feb 2012 15:35:09 +0000</pubDate>
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		<description><![CDATA[The improvement in the U.S. employment continued in January, with the highest rate of job creation observed in nine months and the unemployment rate fell to , its lowest level in nearly three years, reflecting the impact of growth in the fourth quarter of 2011 at the beginning of new year. 
 The Labor Department [...]]]></description>
			<content:encoded><![CDATA[<p>The improvement in the U.S. employment continued in January, with the highest rate of job creation observed in nine months and the unemployment rate fell to , its lowest level in nearly three years, reflecting the impact of growth in the fourth quarter of 2011 at the beginning of new year. </p>
<p> The Labor Department reported Friday, 243,000 non-farm jobs created in January, the highest figure since April, and the unemployment rate down to 8 , 3%, its lowest level since February 2009. </p>
<p> Since August, the unemployment rate fell 0.8 percentage point. </p>
<p> Economists polled by Reuters on average expected 150,000 new jobs and an unemployment rate of 8.5%, as in December. </p>
<p> The number of jobs created in December was revised up slightly to 203,000 against 200,000 announced last month, and November was revised in 157,000 net increase to 100,000 against. </p>
<p> The private sector has provided in January all new jobs with 257,000 positions created, a highest level since April, while the public sector by removing 14,000. </p>
<p> Moreover, the average hourly wage increased by four hundred, which should help to support consumption. </p>
<p> According to the report of the Department of Labor, the expected slowdown in U.S. economic growth in the first quarter has not yet had an effect on hiring decisions of firms. </p>
<p> &quot;It&#39;s a good surprise, and the first digit of the job that is really good since the recession,&quot; said Philippe Weber, studies and strategies in CPR AM. </p>
<p> These figures significantly better than expected gave a boost to equity markets in Europe and the dollar. </p>
<p> The Dow Jones opened up 0.55%, the S &amp; P500 by 0.66% and the Nasdaq 1%. </p>
<p> &quot;This is certainly a great support for the U.S. recovery and this suggests that the rebound is growing,&quot; said Brian Dolan, chief strategist at FOREX.com markets .. &#8230;&#8230;
<p> WHAT IMPACT ON DECISIONS OF THE FED? </p>
<p> The Federal Reserve announced last week the probable continuation rates to near zero until at least late 2014, on behalf of a particular unemployment rate ; high unemployment. </p>
<p> The Fed Chairman Ben Bernanke told to consider new measures to support the economy, but, faced with this recovery in the labor market, the leaders of The Fed may well turn back. </p>
<p> The U.S. central bank has already bought 2,300 billion in bonds to keep rates low and stimulate the economy. </p>
<p> The United States experienced a rapid growth year on year over the last three months of 2011 to 2.8%, against 1.8% last quarter. However, the recovery of stocks of companies accounted for two thirds of this increase, which should result in slower growth in the first quarter of 2012. </p>
<p> The fiscal crisis raging in Europe, where several states are already in recession, is expected to affect U.S. exports and thus hamper growth. </p>
<p> However, there are still some signs of strength in the U.S. economy, as auto sales strong in January, a manufacturing activity, which reached a high of seven months or even declining four weeks moving average of jobless claims. </p>
<p> However, there are still 19.3 million Americans unemployed or underemployed. </p>
<p> Remain reasons to be cautious. The unemployment rate did drop for the fifth consecutive month, but partly because of the abandonment of job searches by some Americans, tired of not finding work. </p>
<p> An index, which includes people who have stopped job searches and those working part time but would like to work more, stood at 15.1% in January against 15.2% in de ; December. </p>
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		<title>Santander sees its 2011 net profit down 35%</title>
		<link>http://patbkk.com/santander-sees-its-2011-net-profit-down-35/</link>
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		<pubDate>Tue, 31 Jan 2012 12:50:06 +0000</pubDate>
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		<description><![CDATA[Banco Santander has released Tuesday a net profit of 5.35 billion euros, down 35% as a result of new provisions for impairment of non-performing real estate assets. &#60;/ p&#62; The largest bank in the euro area was the last of the Spanish banks to announce that it was setting aside capital to cover its exposure [...]]]></description>
			<content:encoded><![CDATA[<p>Banco Santander has released Tuesday a net profit of 5.35 billion euros, down 35% as a result of new provisions for impairment of non-performing real estate assets. &lt;/ p&gt; The largest bank in the euro area was the last of the Spanish banks to announce that it was setting aside capital to cover its exposure to the Iberian property market , before the government requires an increase in provisions. &lt;/ p&gt; The bank will provide 3.2 billion euros of provisions outstanding, including $ 1.8 billion on real estate, with 31% to and 50% coverage of its assets in the sector. &lt;/ p&gt; Santander posted a net profit in 2011 of 7.02 billion euros, in line with expectations and down 14% 2010. &lt;/ p&gt; Its net interest margin increased from 5.5% to 30.8 billion euros.&lt;/ P&gt; Santander held up better than its competitors in the real estate crisis, Spain accounted for only 10% of its profits, while Latin America Brazil in the lead, accounted for over half of its profits for the first time last year. &lt;/ p&gt; The title earns 0.9% to 6.037 euros ; 10:25. &lt;/ p&gt;</p>
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		<link>http://patbkk.com/292/</link>
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		<pubDate>Sat, 26 Nov 2011 15:55:08 +0000</pubDate>
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		<description><![CDATA[Wall Street has been able to maintain its gains Friday and turned down at the end of a shortened session and low volumes, a strong commercial start of the period of Christmas and New year could not compensate all fears arising from the debt crisis in the euro area. 
 However, U.S. consumers flocked to [...]]]></description>
			<content:encoded><![CDATA[<p>Wall Street has been able to maintain its gains Friday and turned down at the end of a shortened session and low volumes, a strong commercial start of the period of Christmas and New year could not compensate all fears arising from the debt crisis in the euro area. </p>
<p> However, U.S. consumers flocked to the doors of department stores, which opened earlier this Black Friday, traditionally the day that launches shopping season in the United States. </p>
<p> The markets were closed yesterday for Thanksgiving. The &quot;Black Friday&quot; is traditionally one of the least active day on Wall Street. </p>
<p> The S &amp; P distribution, up much of the session ends with a loss of 0.84%.Wal-Mart has taken all the same 0.44% to 56.89 dollars. </p>
<p> The Dow Jones lost 25.77 points (0.23%) to 11,231.78 points. The S &amp; P-500 loose 3.12 points (0.27%) to 1158.67 points. The Nasdaq Composite yield 18.57 points (0.75%) to 2441.51 points. </p>
<p> On the whole week, the Dow lost 4.8%, the S &amp; P 4.7% and the Nasdaq 5.1%. This is the largest weekly loss in the S &amp; P in two months. </p>
<p> &quot;It&#39;s hard to say we had a session today, since there was virtually no one,&quot; said Kevin Kruzenski (KeyBanc Capital Markets). </p>
<p> &quot;The market is oversold and some based on the hope the holiday season, but the general sentiment remains weak.</p>
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		<link>http://patbkk.com/291/</link>
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		<pubDate>Fri, 25 Nov 2011 01:55:10 +0000</pubDate>
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		<description><![CDATA[AT &#38; T said Thursday it included in its accounts an exceptional charge of four billion dollars (3.0 billion) to cover the cost of a possible failure of his proposed takeover of T-Mobile, an operation whose outcome seems increasingly compromised. 
 The U.S. operator and Deutsche Telekom, parent company of T-Mobile, ensured continued efforts to [...]]]></description>
			<content:encoded><![CDATA[<p>AT &amp; T said Thursday it included in its accounts an exceptional charge of four billion dollars (3.0 billion) to cover the cost of a possible failure of his proposed takeover of T-Mobile, an operation whose outcome seems increasingly compromised. </p>
<p> The U.S. operator and Deutsche Telekom, parent company of T-Mobile, ensured continued efforts to obtain the green light by U.S. antitrust authorities to repurchase $ 39 billion, which could threaten thousands of jobs but they withdrew the case filed with the Federal Communications Commission (FCC), the regulator of the sector in the United States.</p>
<p> &quot;This formal approach is taken today by the two companies to consolidate their forces and focus their efforts to obtain antitrust approval from the Department of Justice&quot;, said the companies. </p>
<p> &quot;AT &amp; T and Deutsche Telekom keep the goal in the sale of AT &amp; T, Deutsche Telekom&#39;s mobile operations in the United States,&quot; said the statement, published on Thanksgiving Day, a holiday in the United States. </p>
<p> The Department of Justice (DOJ) and the FCC opposing the operation, which could only be reduced to three the number of national mobile operators. </p>
<p> A green light from the FCC would be useless without the DOJ.</p>
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		<title>France: industrial orders relapse in September</title>
		<link>http://patbkk.com/france-industrial-orders-relapse-in-september/</link>
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		<pubDate>Sat, 19 Nov 2011 13:55:06 +0000</pubDate>
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		<description><![CDATA[The industrial new orders decreased by 3.1% in September from the previous month after rising 0.8% in August.
 The commands in French industry, including export, fell sharply in September after several months of growth, even if they were up all over the third quarter, INSEE said on Friday. The industrial new orders (excluding transport equipment [...]]]></description>
			<content:encoded><![CDATA[<p>The industrial new orders decreased by 3.1% in September from the previous month after rising 0.8% in August.
<p> The commands in French industry, including export, fell sharply in September after several months of growth, even if they were up all over the third quarter, INSEE said on Friday. The industrial new orders (excluding transport equipment but including automotive) were down 3.1% from the previous month after rising 0.8% in August. </p>
<p> Those from abroad also recede, 2.7%, says the National Institute of Statistics and Economic Studies in a statement. The decrease is very strong in the automotive (-6.9%), pharmaceuticals (-8.3%), chemicals (-2.7%), paper and cardboard (-6.2%) and textile (-3.2%). Electrical equipment, electronic and computer were down 1.6%.</p>
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		<link>http://patbkk.com/289/</link>
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		<pubDate>Fri, 18 Nov 2011 01:35:06 +0000</pubDate>
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		<description><![CDATA[U.S. stocks ended sharply lower Thursday as investors showed particularly nervous after the downward crossing of an important threshold for the S &#38; P. 
 The Dow Jones lost 1.13% or 134.86 points at 11,770.73 points, while the Standard &#38; Poor&#39;s 500, the reference fund managers, gave up 1.68% or 20.78 points to 1,216 , [...]]]></description>
			<content:encoded><![CDATA[<p>U.S. stocks ended sharply lower Thursday as investors showed particularly nervous after the downward crossing of an important threshold for the S &amp; P. </p>
<p> The Dow Jones lost 1.13% or 134.86 points at 11,770.73 points, while the Standard &amp; Poor&#39;s 500, the reference fund managers, gave up 1.68% or 20.78 points to 1,216 , 13 points. The Nasdaq Composite fell 1.96% or 51.62 points to 2587.99 points. </p>
<p> There was no very obvious trigger for this downturn.</p>
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		<link>http://patbkk.com/287/</link>
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		<pubDate>Sat, 12 Nov 2011 16:05:07 +0000</pubDate>
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		<description><![CDATA[Compagnie Financière Richemont said Friday expect a rise in operating income for the year after the publication of figures above analysts&#39; expectations for the first half. 
 &#34;In the second half, the impact on the luxury industry of the economic challenges the world faces and the high comparison base to which the measure group sales [...]]]></description>
			<content:encoded><![CDATA[<p>Compagnie Financière Richemont said Friday expect a rise in operating income for the year after the publication of figures above analysts&#39; expectations for the first half. </p>
<p> &quot;In the second half, the impact on the luxury industry of the economic challenges the world faces and the high comparison base to which the measure group sales we suggest caution,&quot; said Johann Rupert, the chairman CEO of world number two luxury. </p>
<p> &quot;Given the performance achieved to date, and despite these challenges, the operating profit of the year should be significantly higher than that of 2010-2011,&quot; he added.</p>
<p> Even as Richemont is known for prudent forecasting, these words echo the comments of all other major luxury groups, which have recently published quarterly defying the economic crisis. </p>
<p> Last week, the leather Hermes said he was hampered in its growth by its production capacity which does not allow it to meet demand, given the popularity of its handbags and famous silk scarves. </p>
<p> Mid-October, LVMH had also published quarterly strong despite the vagaries of the economy. </p>
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		<title>Commerzbank may have need for public support, says Fitch</title>
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		<pubDate>Tue, 08 Nov 2011 03:55:08 +0000</pubDate>
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		<description><![CDATA[Commerzbank may need assistance from the German government to comply with new European requirements for capital if the economy continues to slow, given the poor results recorded recently by the group, said Monday the agency Fitch Ratings. 
 Last week, Germany&#39;s second largest bank, owned 25% by the German federal state, however, had said she [...]]]></description>
			<content:encoded><![CDATA[<p>Commerzbank may need assistance from the German government to comply with new European requirements for capital if the economy continues to slow, given the poor results recorded recently by the group, said Monday the agency Fitch Ratings. </p>
<p> Last week, Germany&#39;s second largest bank, owned 25% by the German federal state, however, had said she would not resort to state aid. </p>
<p> &quot;The third quarter results of Commerzbank highlight the growing challenge of strengthening its equity while the growth of its main activities pick up,&quot; reads a note from Fitch. </p>
<p> &quot;Fitch expects that any additional capital are the result of the state.&quot; </p>
<p> Commerzbank declined to comment on this post.</p>
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		<title>World of rugby: the economic record</title>
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		<pubDate>Tue, 25 Oct 2011 02:25:11 +0000</pubDate>
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		<description><![CDATA[The Rugby World Cup ends after six weeks of competition, during which 20 nations competed in 13 stages. Key figures in images, the economic record of the competition.
 1 / 10 
 Previous Previous PauseSuivant 155 million euros in ticket sales Next
 2 / 10 
 Previous Previous PauseSuivant An organization deficit of 25 million [...]]]></description>
			<content:encoded><![CDATA[<p>The Rugby World Cup ends after six weeks of competition, during which 20 nations competed in 13 stages. Key figures in images, the economic record of the competition.
<p class="paginate"> 1 / 10 </p>
<p> Previous Previous PauseSuivant 155 million euros in ticket sales Next
<p class="paginate"> 2 / 10 </p>
<p> Previous Previous PauseSuivant An organization deficit of 25 million Next
<p class="paginate"> 3 / 10 </p>
<p> Previous Previous PauseSuivant 80.Next stages</p>
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		<title>Rio Tinto launches bid for Hathor Exploration</title>
		<link>http://patbkk.com/rio-tinto-launches-bid-for-hathor-exploration/</link>
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		<pubDate>Thu, 20 Oct 2011 00:35:32 +0000</pubDate>
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		<description><![CDATA[Rio Tinto launched a friendly offer of 578 million Canadian dollars (414 million) on the Hathor Exploration mining group, specializing in uranium exploration. 
 This could derail the hostile bid launched by Cameco Corp. of Hathor. 
 The Board of Hathor has recommended that shareholders accept the offer of Rio Tinto, which amounts to 4.15 [...]]]></description>
			<content:encoded><![CDATA[<p>Rio Tinto launched a friendly offer of 578 million Canadian dollars (414 million) on the Hathor Exploration mining group, specializing in uranium exploration. </p>
<p> This could derail the hostile bid launched by Cameco Corp. of Hathor. </p>
<p> The Board of Hathor has recommended that shareholders accept the offer of Rio Tinto, which amounts to 4.15 Canadian dollars per share. Cameco is only that of 3.75 Canadian dollars per share. </p>
<p> The aim of the maneuver is the exploration project &quot;Roughrider&quot;, located in the Athabasca region of the Canadian province of Saskatchewan. </p>
<p> The listing title Hathor was suspended Wednesday morning at the Toronto Stock Exchange.The title Cameco, the first Canadian producer of uranium, was down 3.21% to 20.80 Canadian dollars to 3:20 p.m. GMT, while the action listed Rio Tinto in London declined by 1.09% within minutes of the fence. </p>
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