All World

Obama's plan convinces economists

Barack Obama is trying to reverse the trend. While fears about the health of the U.S. economy grow, U.S. President surprised with a plan to boost employment from 447 billion (322 billion), more than 100 billion more than expected . Since the beginning of the year, the U.S. economy does not create enough jobs to reduce unemployment significantly, still desperately above 9%.

Few economists have criticized the ad. Only the Swiss investor Marc Faber, known for his pessimism, has won the CNBC: "The plan announced a new failure of Keynesian stimulus package of public interventions and depraved," carried away on CNBC. "And when the time is to reduce public deficits …No, really this plan is a joke! "A lone voice: combining cuts employers' costs and expenditure target, the plan seems to be welcomed by the community of economists.

With this plan, "unemployment will be lower in 2012 than it would have been without that nothing is done," admits conservative Heidi Shierholz in the New York Times. Economists differ on the impact of quantified measures presented by Barack Obama. Optimistic, Heidi Shierolz, the Economic Policy Institute, predicts 4.3 million jobs created, including 1.6 million by the simple extension of existing measures. The Department of Economic Analysis calculates Moody's for its part that the plan should create a total of 1 Online payday loans.9 million jobs.

Growth side, Obama's plan "would allow the U.S. economy continue to grow at a minimum," said Steve Blitz, an economist at ITG, quoted by the Financial Times.Economists are almost all agree that the billions of spending will have an impact on growth. But which one? It all depends on measures that will stand the test of Congress, where Democrats and Republicans will have to find a compromise.

"If a miracle occurs …"

"If a miracle occurs and the intact plane passes this stage, U.S. growth could exceed 3% in 2012" against approximately 2% forecast by economists without a recovery plan, advance Rudy Narva, an economist at Societe Generale. But after blocking observed about the debate on the debt cap, observers remain cautious. The difficult economic situation, however, could force both sides to compromise.

"The stakes are enormous for those Americans who are unemployed for too long, and for America as a whole," says Mohamed El-Erian, head of the investment fund Pimco."Hopefully, elected officials in Washington will be up."

ALSO READ:

"Obama announces plan to 447 billion for employment

"The Americans are tough on Obama

"The Prophet predicted the 2008 crash of a Great Depression

The Asian market reassured by Wall Street

The Asian market continues on the way up. Thursday again, investors are driven by the mood of U.S. markets which closed yesterday on a fourth straight session in the green. The European market has also sent positive signals. Investors are reassured by the Fed does not exclude to use new tools of monetary easing to support growth, as well as encouraging indicators.

The Nikkei above the 3900 points

In Tokyo, the Nikkei, which started the day on an increase of 0.63%, jumped 1.18% to 9060.80 points at closing. It thus goes beyond the psychological barrier of 9000 points for the first time in two weeks. The technology sector is facing in the image of Casio (3.91% to 504 yen) and Kyocera (2.28% to 7160 yen). Sony (1.98% to 1698 yen) and Toshiba (0.90% to 334 yen) also support the rating.

In Hong Kong, the Hang Seng up 1.10% to 20,760.80 points, also pulled up by the technology sector. Foxconn wins 3.10%, 3.64% Lenovo, Alibaba.com 5.33% and 2.30% Tencent Holdings. The Shanghai Stock Exchange a little more concerned about risk tightning money while the government has reaffirmed it a priority to price stabilization. The Shanghai Composite lost 0.61% to 2829.41 points.

The Australian S & P gained 0 payday loans direct lenders.63%, the Korean Kospi is 2.10% and 1.59% of India Sensex.

China: good news macroéoconomiques

Also Thursday, the good news fell in Asia. The index of manufacturing activity in China reached the final 50.9 in August, against 50.7 in July. The first estimate of the index of purchasing managers HSB had reported a slight slowdown, with a flash PMI at 49.8 in August from 49.3 in July.PMI purchasing managers suggests that "manufacturing activity is stabilized despite the tightening of monetary conditions in the country and soft demand abroad," said Ker Chung Yang, an analyst at Phillip Futures in Singapore .

In Japan, new vehicle sales, excluding mini-models, were down 25.5% in August compared to the same month last year, to 216,510 copies.

In Australia, retail sales figures were stronger than expected last month, up 0.5%.

Oil up

Oil prices were also up Thursday morning in electronic trading in Asia. In morning trading, a barrel of "light sweet crude" for delivery in October gained 21 cents to 89.02 dollars per barrel of Brent North Sea crude for October delivery 29 cents to 115.14 dollars.

Despite sluggish growth, employment improves

It's the only bright spot in the dark landscape cyclical French: the labor market continued to regain strength. In the second quarter, 68,300 jobs were created in the nonprofit sector. This is 10,000 more than in the first quarter.

The tertiary sector contributes almost exclusively to these creations (57,200 jobs), the industry confirms his recovery: 6600 jobs were created in this sector, according to Insee. This is his second consecutive quarter of growth. "This sector lost jobs every quarter since 2001," says INSEE.

Only government minister to be able to celebrate yesterday, Xavier Bertrand (Labour, Employment, Health) welcomed that "210,600 jobs a year (have) been created." He sees "a positive signal about the vitality of the real economy." This movement is all the more surprising that growth has been sluggish in recent months.

"You have to look at the figure of 0% over the period issued yesterday: considering the annual growth and relating to the last four quarters, we see that the quarterly growth rate is invariably French 0.4%, says Frédéric Gonand, associate professor of economics at Paris Dauphine. This shows that even with 1.6% annual rate, which corresponds to its potential growth, France is creating jobs. "

According to Dares, the index of the basic monthly wage (SMB) increased by 0.6% in the second quarter, representing an increase of 2.1% over one year. This significant increase of basic wages does not mean a sharp increase in the purchasing power of households. In the second quarter, prices rose 0.5% year on year and they operate around 2%.The purchasing power has improved very little, which explains the weakness of consumption in recent months.

Disinflation energy

But-and this is another rare good news in the farm figures released yesterday, according to Insee, the consumer prices fell by 0.4% in July. A decline mainly due balances but also by the expansion of energy prices. Under these conditions, if the job market continues to grow at the same pace as earlier this year, the disposable income of households could improve a little.

"Disinflation energy currently underway should provide some support the purchasing power of households," say economists at Natixis.The main pillar of the French economy will be a little stronger in the second half, provided that the fiscal savings provided by the government do not result in a tax grab too much, the experts continue to Natixis.

ALSO READ:

"French growth stopped in its tracks

"The GDP is stagnant, more rigorous for

Vinci will build the stadium of Olympique Lyonnais

It has taken a major step Tuesday Olympique Lyonnais (OL). In a statement, the French professional club career has indeed appointed on Tuesday the company concessions in charge of design and construction of its future new stadium, the cornerstone of future complex OL Land. And it finally Vinci return the task to emerge from the Stadium of Light ground on the site Décines Charpieu.

After the Stade de France, Nice and Bordeaux, so this is the third contract raised by the construction group and concessions as part of the grand plan to renovate the French stage, for the organization of Euro 2016 Football in France. Note that Vinci has also built and operates since January 2011, the stage of Le Mans (MMArena), which is not part of the eleven stages selected to host matches of Euro 2016.

Private partnership / private

Regarding the financing of the stadium itself, with a capacity of 58,200 seats, the two companies will work as part of a private / private. As for the OL Land project as a whole, the community (Grand Lyon, Department, State …) will support the access to the stadium for 170 million euros. According to information provided earlier this afternoon by the group led by Jean-Michel Aulas on the financing of the only sports venue, Vinci is committed to "contribute to the funding by becoming a shareholder, to a maximum participation 49% of the company owner of the project, the Land of Montout. " Duty, the group estimates that 381 million euros the amount of the contract this morning."A cost which will complement other investments driven by external partners, including hotels, leisure centers and office buildings," says management. In total, OL Groupe estimated 450 million investments to the OL Land project, that is to say the stadium and related structures.

To collect a portion of the funds, the group will also sell the name of the future stadium to a private company. The identity of the partner to be selected, and the amount of its financial participation in this contract "naming" should be announced by the end of the year cash advance now. What to expect the Stadium of Light will soon be renamed before being completed.According to Jean-Michel Aulas, the enclosure will be built on the bottom "entirely private", even if 20 million should still be made by the State, as part of the renovation plan.

Deliveries for the second quarter 2014

A four-year first whistle of Euro 2016, the stadium project goes so Lyon (finally) to the next level. The memorandum of understanding announced Tuesday paves the way for the concrete realization of the project, after years of red tape. At the end of a phase "Project" about six months and subject to the signature of the design-build contract by that date, the phase of contruction will be launched.

Already in May, the release of the situation had been operated by the choice of Lyon as host city of the European competition.The city was named first with eight, then ten stadia to host matches of Euro 2016. Then, when the future sports arena has been the subject of a statement in May of general interest (DIG), Greater Lyon has been run from 14 June to 18 July, public hearings required to amend the plan to local urban planning for the construction of the stadium. The city now hopes to receive the issuance of building permits by the end of the year, for a start of construction in early 2012. Barring unforeseen delays in construction or, as has been the site know of the great stage of Lille, the Stadium of Light should be delivered in the second quarter 2014.

In exchange, the news was applauded by investors, in a context of macroeconomic concerns hold their attention. At 15 hours, the title of the Lyon Group advanced 0.93% to 5.41 euros in a market down 0.5%.

ALSO READ:

"Bordeaux has a point

"Vinci will build the stadium in Bordeaux

"The stadiums, a giant windfall for the construction

»Euro 2016 to 1.7 milliardpour French stages

"Stages: Moving from public management to private management

Greece: the banks would all be taxed

Europe is exploring all options to rescue Greece. Thus, the governments of the euro-area floor to the creation of a new tax credit to save the finances of Greece, according to the German daily Die Welt. This tax would apply to all institutions, even those who are "not directly involved in Greece," wrote the German newspaper, citing senior diplomatic sources, involved in the case.

And private sector rescue of Greece would not stop there. Banks will also be put to use to buy Greek bonds, Die Welt wrote, without giving details on the form that such involvement.

Inspiration German

The inspiration may have been drawn in Germany. The country will charge, this fall, a tax on the profits made by banks.The result of this tax into a fund that will support aid to financial institutions of the country considered strategic if next crisis. This tax should bring in less than a billion euros a year to the fund and should eventually have a volume of 70 billion euros. In detail, the large diversified institutions, like the first German bank Deutsche Bank, will pay more than small savings. The levy will be capped at 20% of net profit.

The question is whether this idea will be adopted at the Special Summit of the euro zone expected Thursday in Brussels. The bloc meet urgently to complete a new plan to help Athens. The International Monetary Fund will not participate in new rescue package for Greece, says Die Welt.According to the German newspaper, "many people have the IMF in ras-le-bol" and seriously doubted that Greece can carry out and the time-saving measures planned.

ALSO READ:

"Europe wants to stop the panic before the holidays

"A crucial summit on the future of the euro

The IMF releases 3.2 billion euros for Greece

The board of the International Monetary Fund (IMF) met Friday in Washington, approved, as expected, the release of a new tranche of 3.2 billion euros for Greece.

It is in addition to 8.7 billion euros released a week ago by the European Union. This round of 12 billion euros is the fifth of the rescue plan 110 billion approved last year. It should enable the country to repay much of its debt maturing July 15 (EUR 2.4 billion to good six months) and 22 July (2 billion euros good for three months).

But Greece, the public debt (354.5 billion euros at end March) shook up the United States, is not out of the rut.Athens calls for a hue and cry a second bailout, a value equivalent to the first, or 110 billion euros, for which the Europeans require the participation of the private sector. A meeting of the Eurogroup in Brussels next Monday, followed by a council of finance ministers the following day was supposed to define its contours. But it will not succeed, as the differences remain significant even within the Union. At best, a decision is expected in mid-September, confirmed the new Greek Finance Minister, Evangelos Venizelos.

Taboo

For many scholars, starting with the rating agencies as criticized in recent days, the private sector's contribution to the recovery plan would resemble a Greek default, since creditors will not get their refunds in time and hour.A nightmare scenario that Europeans seek to avoid at all costs. Without having yet found the parade.

And meanwhile, some still waving the event of a release of the euro area. An expert in Brussels who had requested a report before he leaves office, a judge at the end of the decade "there may well still have 17 members, but the question is whether this will be the same that 'today. "

The subject is taboo, but if Greece were to be found in default, many experts believe that the only way to redress the country's economy would be a devaluation, and thus an exit from the euro. This had been done in Argentina in 2002, winning its currency, the peso, the U.S. dollar.

Crisis in the euro area: what risk for your actions?

Equity markets continue to remain under pressure as they consider the problem of public finances in the euro area will not be solved for the long term. The public finance crisis is dangerous for shareholders? Expert answers.

Alain Bokobza, Societe Generale, "Yes, but the leaders of the euro area are working to limit damage to the holders of the assets of the peripheral countries. We do not expect heart of contagion to countries in the euro area if credible policies to restore the overall balance in the long term public are in place. Spain seems to us on track, which should help the Spanish index. "

Patrick Moonen, ING Investment managers: "A default risk uncontrolled in Greece would be very detrimental to shareholders.The stock market has not taken a negative outcome for Greece or further deterioration of public finances of the other peripheral countries. We see no quick fix and the level of uncertainty is very high, but time is a key that would recapitalize the banking sector and other peripheral countries to stand out from Greece in a positive way. This is necessary to limit the contagion. In short, we expect that governments can save time by delaying tactics. "

Pierre Sabatier, PrimeView "Yes, and it has only just begun. Historically, we find that growth slows sharply when the public debt ratio exceeds 90% of GDP.This will happen in many countries in the coming years (due to the continued deleveraging private is far from finished), leading to sluggish growth in most industrialized countries. This environment will eventually be negative for earnings growth, which is a function of GDP growth and inflation, and consequently to the equity markets. "

Wilfrid Pham, Natixis AM: "The crisis of public finances can be potentially dangerous for the banks if not handled properly by the institutions in charge of this problem problématique.Le liquidity crisis and confidence between financial institutions could be topical.Also, global economic growth could be negatively affectée.Les equity markets have a habit of reacting rather negatively to these events. "

Ginguene Olivier, Pictet Asset Management "course, but this risk seems already built into prices depressed the shares. This is especially for holders of debt (bonds) that this risk seems more and more dangerous now. Preferred shares of large non-financial corporations, less sensitive to local conditions (higher taxes, deficit reduction, regulations, slow growth …) and more exposed to international markets. "

Philippe Mimran, UFG-LFP: "Arguably, the public finance crisis is dangerous for shareholders. It stands at the end of fiscal restraint and thus slow growth. In addition, short term, the impact of market volatility.Finally, the financial sector is particularly undermined by the risks of insolvency of the States. "

Alexandre HEZEZ, Convictions AM: "It is illusory to think that the fiscal crisis will not affect businesses. The rationalization of fiscal policy is paradoxically a very good sign for long-term growth, so for equities. Consumption depends on expected future income rather than current income. This means that any measure that will give confidence in the sustainability of the health system and pension system will be good for confidence, so good for drinking so therefore the companies for shareholders … "

Francois Chevallier, Leonardo Bank: "Yes, but the damage is probably done for the shares in favor of safe havens such as gold, stone, the Swiss franc no faxing pay day loans.The drift of public finances and State debts would be the main explanation for the extraordinarily high level of risk premiums and historically low earnings multiples. "

Matthew Grouès, Lazard Frères Gestion, "Support for peripheral countries will probably continue for some time. A fault is a very unlikely scenario. The governments of developed countries must reduce their deficits and have begun to do so. As for the impact for shareholders, depending on the method: for the moment of corporate taxation has been little hard compared to other tax and spending cuts. "

Jean-Louis Mourier, Aurel-BGC: "Not directly in the short term.It is however an overall risk that affects more clearly the banks but is likely to lead to a tightening of global financial close to what was observed following the bankruptcy of Lehman Brothers (freezes interbank markets and bond, blocking the distribution of bank loans, negative wealth effects …) "

Nuno Teixeira, Schroders France: "Governments Greek, Portuguese and Spanish, in spite of social protest, have recently confirmed their determination to control the situation of public finances. The first two were given the means to fulfill the conditions required by the EU and the IMF to substantial assistance to enable them to meet their liquidity needs more immediate.While the problems are not resolved in the medium term, but we are heading towards voluntary efforts refinancing from the European banks, which are expected to find a more permanent solution to debt problems. "

Catherine Garrigues, Allianz GI Investments Europe: "There is no major risk to shareholders who invested in international companies non-financial, unless they have strong activity in Greece, Spain or Portugal. Companies in these countries are experiencing rising spreads and is therefore difficult to find financing at reasonable rates. "

Antoine de Salins, Groupama Asset Management: "The answer is yes in any case for investment in developed countries: the crisis feeds market volatility who do not like uncertainty, especially those that attach to the assets deemed safe … ..It also weighs so heavy on the valuation of banks changing just like those of the debts of the peripheral countries. "

Bertrand Lamielle, B * capital: "The subject deserves full attention granted to him but is now analyzed in terms risk only. But a stock market perspective, the financial sector is capable of a strong rebound when the market considers that the solutions offer the senses. "

Frédéric Jamet, State Street: "The fiscal crisis will affect primarily government bonds (in case of default or restructuring), then only the shareholders, primarily in the financial sector and other sectors.This impact is already in stock prices. "

Mauro Ratto, Pioneer Investments: "The shareholders of the CAC 40 will be affected, because banks represent a significant share of the market capitalization totale.Ceux holding U.S. securities will not. U.S. companies are not dependent on this region, and generate profits in other areas. "

ALSO READ:

"Exchange: managers hope a better season

"Bourse: is this a good time to buy stocks?

"SPECIAL – Europe, governments face bankruptcy

Greece offers a respite to 12 billion euros

Europe is gaining time, but did not extinguish the fire in Greece. Following a conference call Saturday, finance ministers of the euro area have given the green light to release "by July 15" 8.7 billion euros in loans that should add 3.3 billion paid out by the International Monetary Fund (IMF). This decision was expected after the adoption this week by the Greek Parliament of the austerity program imposed by his European creditors. "It (the decision) strengthens the international credibility of Greece", immediately congratulated the Greek finance minister, Evangelos Venizelos.

As the new Executive Director of the IMF, Christine Lagarde, to take office Tuesday, the organization welcomed the developments."We welcome the commitment of the Eurogroup to a funding strategy that ensures that the Greek economic program is fully insured," said the spokesman for the IMF, Caroline Atkinson. No details however were given about a possible date on which the Board could meet to release the funds.

Berlin puts pressure

If these 12 billion euros to Greece should avoid going bankrupt in the short term, it is not enough to save the country permanently and fully reassure the financial markets. For this, the country has called for a second bailout International 110 billion euros. Finance ministers of the euro zone have promised yesterday decisions "in the coming weeks." For its part, the German finance minister, Wolfgang Schäuble, more prudent, spoke of an agreement by the fall only.Berlin looks indeed to be certain that Greece implement austerity measures quickly that the country has promised cash advances pay day loan. "After the release of the fifth installment of the countries of the euro area and the IMF, the next step must be addressed decisively: the measures passed in Athens should be implemented quickly. Privatization, for example, must be launched without delay, "responded the German Minister of Finance. Response of Athens: the austerity plan of 28.4 billion euros will be implemented before mid-September.

Ireland, Portugal, Italy and Spain could knock on the door

These two months of rest should also help to advance on a second rescue plan 110 billion euros. Finance ministers of the euro area have not spoken on this subject last night.They expect to clarify the private sector, banks and other creditors, imposed by Berlin to a new plan to help decide. "The details and extent of the involvement of private and official sources of additional funding will be determined in the coming weeks," they said.

Time is running out: Ireland and Portugal may need a new international aid. As for Spain and Italy, both countries are under pressure from rating agencies. "The failure of European political leaders to resolve the crisis quickly and decisively hits the rest of the euro area," says Ben May, economist at Capital Economics. The United States pressed more in Europe to solve its debt problems to avoid a global impact."If Greece fell deeper into recession following the new austerity measures, it could reduce the willingness of governments to implement additional fiscal measures," says Ben May.

Gold and oil unscrew

On Thursday, black oil

Last week was full of emotion on the oil markets. Until Wednesday, investors were rather good mood. The courses were on the upside with a barrel of "light sweet crude" from 93.26 dollars to 95.41 dollars in three days. Even moving to London Brent crude rose from 111.57 to 113.51 dollars over the period. The markets were so carried away by the renewed optimism in financial markets about the prospects of Greece avoid default. Moreover, the price rises as a result of lower stocks of crude and gasoline in the United States and following the Fed's decision to keep interest rates low.

Then, everything changed Thursday. That day, the IEA countries are brokers by surprise by announcing their intention to use their reserve stocks to put 60 million barrels on the market.This decision, which will lead to a sharp increase in supply leads to a sharp fall in markets: the barrel of "light sweet crude" for delivery in August finished Thursday at 91.02 dollars black while in London on IntercontinentalExchange, the price of Brent North Sea due to the same tumbled 108.02 dollars. Always concerned about this decision, the markets have been volatile Friday session one, barely worn by positive economic indicators in the United States. A barrel of "light sweet crude" for August delivery ended the week at 91.16 dollars and Brent at 105.52 dollars.

In New York, the courts show a fall of 8% over the last two weeks, and even about 20% from their peaks in early May.

Gold through turbulence

Such as oil, gold was a very quiet start of the week.The yellow metal, a safe haven par excellence, was then boosted by lingering fears surrounding the budget crisis in Greece and the risks of contagion to other countries in the euro area. Wednesday, the day after the vote of confidence from Parliament to the government, even an ounce rose to 1558.25 dollars, not far from its high of 1577.57 dollars.

Then on Thursday, the shock wave that hit the oil markets hit gold. It continued until Friday. On these two days, the precious metal lost nearly 50 dollars, falling Friday to 1504.85 dollars, its lowest level in a month. The nervousness of investors in commodities gained the metal shelter. She was more accentuated by a sharp rise in the dollar against the euro adversely affected by the crisis in Greece.On the London Bullion Market, an ounce of gold finished Friday at 1514.75 dollars at auction in the afternoon.

In the wake of the gold, silver, rose significantly until Wednesday, before dropping more than 6% the next two days. The gray metal finished Friday at 34.73 dollars per ounce. Pulled down by the plunge in gold and the rising dollar, an ounce of platinum finished Friday at 1696 against $ 1829 dollars a week earlier, while an ounce of palladium ended at 739 dollars against 810 dollars in September days earlier.

Base metals with no direction

As for base metals, it was time for hesitation. Nickel (22,130 dollars per tonne), lead (in 2564 dollars) and zinc (in 2251 dollars) are the only ones to show increases.For others, the context was too heavy with the uncertain outcome of the case of Greece and the signs of slowdown in the U.S. and China which was happening at a push of the dollar. All these elements made the metal less attractive to investors very suspicious vis-à-vis the commodity markets since the fall of oil prices.

The copper market barometer, was not supported by the latest report of the International Group for the Study of copper (ICSG), which indicates a production surplus of 18,000 tonnes in March. On the LME, the tonne of copper for delivery in three months ended down at 9,044.50 dollars on Friday.

Wheat, corn and soybeans down

The prices of food have not been affected last week by the Action Plan of the G20 countries to fight against the volatility of agricultural products.In Chicago, the investors had more eyes turned to the U.S. Department of Agriculture (USDA), which is published this week reports on acreage and stocks by. Meanwhile, warmer weather since early June fueling a decline in prices. Bushel of corn (about 25 kg) for September delivery ended Friday at 6.55 dollars (4.6% on the week), the soybean contract for November delivery rose to 13.10 dollars ( -1.7%) and a bushel of wheat due in September ended at 6.61 dollars (6.6%).

Note that in London, cocoa prices were supported by the "swollen shoot", a viral disease that threatens the harvest cocoa in Ivory Coast, according to observers. However, prices have limited their gains over the weekend, affected by a rise in the dollar.On Liffe in London, a tonne of cocoa for September delivery was worth 1867 dollars and on the NYBOT-ICE U.S., the contract for the same term finished in 2967 dollars.

BlackBerry breaks teeth on the shelves

There is no cause for celebration. After having downgraded its forecasts for its first quarter, Research In Motion (RIM), the Canadian manufacturer of BlackBerry, is predicting a difficult year 2012 (year ended March 31). Thursday evening after the close of trading, the group reported poor results for its first quarter, significantly down compared to previous quarter performance. At three months, sales of BlackBerry fell 11% to 13.2 million units. Consequently, the turnover will decline from 12% to $ 4.9 billion and profit down 10% to 695 million.

Layoffs

"The slowdown we saw in the first quarter continued in the second and delays in new product launches in late August lead to lower than expected forecast for the second quarter," said Jim Balsillie, co-president of RIM .He also announced a restructuring plan that will lead to a downsizing of the company to "avoid duplication." Without giving more details on its size payday loans. The group currently has approximately 12,000 employees worldwide.

The words of Jim Balsillie on the Group's financial strength has not reassured the markets. Nor does the sales duPlayBook, the tablet group, including 500,000 copies were sold in six weeks. This figure is almost too good to be true. It fits perfectly with the objectives the group, but failed to mention that it comes on the market one year after the outbreak of hostilities initiated by the iPad.Moreover, sales of PlayBook are well below those from Apple, which sold nearly 2 million iPad in two months.

Consequence of the performance against the first quarter and the bleak outlook for the future, during the informal session transaction after the market closes, the title has sold more than 15% yesterday in New York.

ALSO READ:

"BUZZ MEDIA – BlackBerry launches its Tablet PlayBook in France