Archive for the ‘dollars’ tag
HSBC Securities upgraded Eni
Even today the opening of trading at the International Petroleum Exchange in London sees falling oil prices, which remains around 25 dollars a barrel. To be mainly affected are the oil companies: Eni sells today 1.05% to € 13.71 euros. The investment bank HSBC sees the company of six-legged dog, at these prices, a buy opportunity and thus raises its rating on the title to add to buy.
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STM, Merrill provides less useful
by the Research Department of Merrill Lynch not reach positive news for the company led by Pasquale Pistorio. The investment bank has in fact confirmed the rating on about “neutral” while “buy” long term. Merrill Lynch has lowered lestime of profits: for the year 2001 has been cut from 0.78 to 0.71 U.S. dollars for 2002 instead from 1.02 to 0.65 dollars. The title is passed from hand to 35 euros, virtually closing price last Friday.
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BP acquires Veba Oel by Germany’s E. On
The British oil group BP has confirmed its willingness to buy more gas stations by German utility E. On, worth 6 billion euros. The deal will give BP over 2500 oil stations in Germany, in response to rival Royal Dutch Shell, which four months ago took over the oil unit of RWE. E. ON will sell the division Veba Oel to BP to focus energy and could use the proceeds to fund its expansion. BP should initially have 51% of the shares and voting rights of Veba Oel, and could take the remaining stake from the second quarter of 2002. BP will sell to E. On half the 25.5% stake currently held in the German gas distributor Ruhrgas, a quota of 1.6 billion dollars in cash and approximately $ 950 million through debt. BP in salt of 0.35% this time the London Stock Exchange.
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Aventis breaks in the U.S.
Aventis Pharma, the gill of French pharmaceutical Aventis, announced today that it has obtained the approval by U.S. FDA (Food and Drug Administration) for the marketing of Allegra / Telfast, the medicinal antitasminico. The annual turnover in the U.S. this product is about 2.4 billion dollars.
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Flywheel France Telecom and Deutsche
The telecoms group Sprint has finalized a deal to sell its shares in Global One to France Telecom and its partners Deutsche Telekom for 1.13 billion dollars. The two national telephone companies each own 10% of Global One, a company which produces telecommunications services to businesses. The titles, after the announcement, are literally flying gaining both 5% and portions respectively 128.4 and 70 euros.
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Germany is preparing the auction for UMTS
The German government will provide a competitive bid by any patent for the UMTS mobile with the goal of raccimolare by telecommunications companies totaling close to 50 billion dollars. Expectations are very high and the consideration arising from the sale of licenses will be used to cover part of the German public debt. The German mobile phone giant said they were ready to attend the competition if they are made available four to six licenses and taking part in the tender at least one of the giants of the telecoms world.
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Continue unstoppable descent of the euro
This confirms again the weakness of the euro which, in the night, touched new lows at 0.912 share in the euro-dollar relationship. Currently, the euro-dollar exchange rate stood at 0.9190 shares recovering slightly from its peak to the bottom of the night. For every dollar we need 2096 dollars. Even against sterling and yen, the euro remains at its lowest since its birth. The euro-sterling exchange rate relations and Euro-yen will settle down to 1.717 and 102.99 respectively.
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Renault raises for Samsung
Renault this week resume talks to acquire the Korean carmaker Samsung Motors. After the likely agreement between Fiat and General Motors, the entire European automotive industry is in turmoil. The group trans, in fact, had offered $ 450 million credit but the banks had considered the offer inadequate and require at least 1 billion dollars. The French title is recording a rise of more than 2%.
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Olimpia, a little ‘air only for Pirelli
Departure in negative terrain for the titles of the Olympia, with Telecom that yields 0.7% to 8.82 euros. Too bad Tim, who is under five dollars and yields 0.7% while among the holding company Olivetti behavior mixed with declining by 0.6% to 1.259 euros and Pirelli little above par at a height of 1.63 euros. The sharp weakness in the Nasdaq, which seems not to find the time nor the occasion for a technical bounce, burying the phone, reached its lowest level for the period.
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The euro takes its revenge on the dollar
The European single currency appears to have overcome the crisis against the dollar in recent weeks and his recovery seems solid. After having reached its minimum at a height of 0.88 against the dollar, the euro traveling hours to levels even higher. Currently, the exchange rate euro dollar totaled 0.9445, a sharp recovery even compared to the good situation on Friday. The opinions of analysts are numerous and conflicting, but almost all agree that one euro less weak against the U.S. dollar can only do well the European economy that, in a phase of slow recovery, he might be suffering from inflationary pressures due to rise in raw material price paid in dollars.