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New York Stock Exchange dropped for fear of crisis in Europe

The top European shares suffered a sharp fall on Monday, with losses of more than 3%, compared to the persistent uncertainty about the future of the euro area. The New York Stock Exchange ended sharply lower on Monday after profit-taking last week’s rise and waiting for clarifying details of the measures out of the crisis in Europe, the Dow gave up 2.25% and the NASDAQ 1.94%. According to final figures from closing, the Dow Jones Industrial Average gave up 276.10 points at 11,955.01 and the Nasdaq 52.74 to 2684.41. The broader Standard & Poor’s 500 most representative of the general market trend yielded 2.47% or 31.78 points to 1253.31. Much of the retreat is explained “by profit-taking after the sharp rise in the last two weeks,” says Michael James of Wedbush Securities.

EU leaders approved a plan against the crisis of the euro based on three pillars: a bank recapitalization of 100,000 million Euros, down the debt of 50 percent Greek and strengthening the European bailout fund to one billion Euros. Early this morning, European markets reacted pessimistically to the “rumor that the new president of the European Central Bank (ECB), Mario Draghi, was to suspend the purchase of bonds peripherals, and this has led to the rise in spreads Spain and Italy, “said the deputy director of the Bureau of Savings Corporation debt, Javier Casal.”After not only been denied, but the ECB has bought Italian and Spanish bonds to stem the rise in yields,” but the distrust of investors has made it impossible for the differential levels return to the previous day, he said.

 

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Air passenger traffic worldwide rose 11% in April

The figures released Friday by the CIA further state that so far this year, worldwide passenger traffic increased 5.9 percent, while cargo rose 2.9 percent. By category, in April, international traffic grew year by 17.7 per cent, while the increase so far this year was 8 percent. The annual domestic traffic increased by 5.6 percent in April and 4.1 percent in the first four months of 2011. The international organization, which is headquartered in Montreal, Canada 1650 and brings together 179 countries airports, said that the significant increase in passenger traffic comes a year after a volcanic ash cloud from Iceland paralyzed air system Europe. The Director of Economic Affairs, CIA, Andreas Schimm, said through a statement that “this increase is a very positive result, especially given the current situation in Japan and in North Africa, and the erratic economic recovery “.

In April 2010, international traffic fell 5 percent as a result of the volcanic ash cloud Icelandic Schimm added that the figures are cause for optimism about the prospects for the rest of the year. CIA said that European airports in April had an average growth of traffic by 27 percent. The biggest beneficiary was the Helsinki (Finland), whose traffic grew 58 percent in April, followed by Amsterdam (Netherlands) with 37 percent and Frankfurt (Germany) and London-Heathrow (UK) with a 31 percent . In North America, although the increase in international traffic was 7.6 percent, CIA said it “remains marginal growth (2.1 percent), silenced for almost stagnant domestic traffic.” In Latin America and the Caribbean traffic jumped 15.2 percent in April, with the growth of both domestic and international flights exceeding 10 percent. “Brazil is the key market accounted for almost all the growth with the help of strong results in Argentina, Peru and Mexico,” the organization added

 

Apple remains the world’s most admired company, followed by Google

This is the list of Fortune magazine, published on Thursday, and that places. So, Apple, twenty-four hours that just launched in San Francisco (California) a new tablet version of its technology, the iPad2, and lowered into a hundred dollars the iPad, remains the most admired company in this country for the third consecutive year by the continuous release of new products, “which places very high technological level for the other.” Fortune, which has developed this list with 346 companies and that she has cut off the top 50, also notes on its website that “Apple reached a milestone when its iconic CEO, Steve Jobs, announced a second medical leave after two years have received a liver transplant. ” “Jobs told the markets that the recent results of the firm indicated that Apple was to stop,” says the publication.

Second ranking figure that other U.S. tech giants, such as the Internet search engine Google, which holds that position, followed by the investment firm of the “Oracle of Omaha”, Warren Buffet the financial and his Berkshire Hathaway. The next most admired companies in corporate America are Johnson and Johnson, Amazon.com, Procter and Gamble, Toyota Motor, the banking group Goldman Sachs, supermarkets Wal-Mart and Coca-Cola. In the same list includes only ten foreign companies, divided equally between Asian (mostly Japanese) and European (mostly German). The only foreign companies that are part of this index are Toyota Motors (Japan, at No. 7), BMW (Germany, 22), Singapore Airlines (Singapore, 27), Nestle (Switzerland, 34), Honda Motor (Japan, 36), Sony (Japan, 38), Nokia (Finland, 41), Samsung Electronics (South Korea, 42), L’Oreal (France, 44) and Volkswagen (Germany, 50).