(Reuters) - Germany and France must work together to find solutions to the problems, he told a news conference during a flying visit to Berlin for talks with Chancellor Angela Merkel just hours after he formally took office.
"The first emergency is to get the European Union out of its current paralysis," he said. "For that, it is necessary that Germany, which today holds the EU presidency, and France, which has always been its privileged partner in Europe, see eye to eye on this."
Read more at Reuters.com Mergers News
Wednesday, May 16, 2007
Liberty Global sees Japan deal, Asian investment
(Reuters) - Liberty Global is also looking to expand in emerging markets, possibly including India and China, Mike Fries told the Reuters Technology, Media and Telecoms Summit in Paris.
"We're happy with the way the Japanese operation is run. The issue is more about corporate structure. We might be able to improve upon the structural legacies to make the asset more valuable for our shareholders," Fries said.
Read more at Reuters.com Mergers News
"We're happy with the way the Japanese operation is run. The issue is more about corporate structure. We might be able to improve upon the structural legacies to make the asset more valuable for our shareholders," Fries said.
Read more at Reuters.com Mergers News
Citigroup, NutraCea, Nuvelo, Power Integrations, TiVo: U.S. Equity Movers
(Bloomberg) -- The following is a list of companies whose shares are having unusual price changes in U.S. exchanges today. Stock symbols are in parentheses after company names. Share prices are as of 11:40 a.m. New York time.
Aecom Technology Corp. (ACM US) gained $2.10, or 10 percent, to $23.10 and traded as high as $23.19. The architectural and engineering company was recommended by CNBC host Jim Cramer, who said the stock should go ``much higher'' after last week's initial offering.
Read more at Bloomberg Stocks News
Aecom Technology Corp. (ACM US) gained $2.10, or 10 percent, to $23.10 and traded as high as $23.19. The architectural and engineering company was recommended by CNBC host Jim Cramer, who said the stock should go ``much higher'' after last week's initial offering.
Read more at Bloomberg Stocks News
Canadian Stocks Rise, Led by Phone Shares, Rogers, Financial Companies
(Bloomberg) -- Canadian stocks rose for a second day, led by phone companies including Rogers Communications Inc. Financial shares such as Bank of Montreal gained before their second-quarter results announcements that begin next week.
The Standard & Poor's/TSX Composite Index added 29.98, or 0.2 percent, to 13,964.62 as of 11:34 a.m. in Toronto. The Canadian benchmark has risen 8.2 percent this year and reached a record 14,003.82 on May 11, as record prices for such commodities as nickel triggered takeover proposals for Canadian metals and mining companies including Alcan Inc.
Read more at Bloomberg Stocks News
The Standard & Poor's/TSX Composite Index added 29.98, or 0.2 percent, to 13,964.62 as of 11:34 a.m. in Toronto. The Canadian benchmark has risen 8.2 percent this year and reached a record 14,003.82 on May 11, as record prices for such commodities as nickel triggered takeover proposals for Canadian metals and mining companies including Alcan Inc.
Read more at Bloomberg Stocks News
Wheat Falls After Stretch of Drier Weather May Have Slowed Fungal Diseases
(Bloomberg) -- Wheat in Chicago and Kansas City fell following a stretch of warmer, drier weather that may have curbed development of disease in the U.S. winter crop.
Some areas from Kansas to Ohio, which had as much as four times normal moisture in the past two months, received no rain since May 3, according to data from the National Weather Service. That may have helped slow fungal diseases that thrive in wet conditions.
Read more at Bloomberg Commodities News
Some areas from Kansas to Ohio, which had as much as four times normal moisture in the past two months, received no rain since May 3, according to data from the National Weather Service. That may have helped slow fungal diseases that thrive in wet conditions.
Read more at Bloomberg Commodities News
Coffee Rises to Three-Week High in New York as Cold Front Heads for Brazil
(Bloomberg) -- Coffee in New York rose to a three- week high on forecasts for cooler, wetter weather in the main growing areas in Brazil, the world's biggest producer.
A cold front will likely reach the states of Minas Gerais and Sao Paulo on May 23 or May 24, said Joel Burgio, a meteorologist with Meteorlogix LLC in Woburn, Massachusetts. While the cooler temperatures don't pose a significant threat to Brazil's coffee crop, the Southern Hemisphere winter starts next month, raising the risk of a damaging freeze, Burgio said.
Read more at Bloomberg Commodities News
A cold front will likely reach the states of Minas Gerais and Sao Paulo on May 23 or May 24, said Joel Burgio, a meteorologist with Meteorlogix LLC in Woburn, Massachusetts. While the cooler temperatures don't pose a significant threat to Brazil's coffee crop, the Southern Hemisphere winter starts next month, raising the risk of a damaging freeze, Burgio said.
Read more at Bloomberg Commodities News
Oil Declines on Increased U.S. Gasoline Supply, End of Protest in Nigeria
(Bloomberg) -- Crude oil fell after U.S. gasoline supplies rose and a report that protesters in Nigeria left a facility run by Royal Dutch Shell Plc.
Gasoline inventories rose 1.76 million barrels to 195.2 million barrels last week, the Energy Department report showed. The protesters will let Shell open the facility and restore lost output amounting to 170,000 barrels a day, Reuters reported. Shell yesterday said deliveries in May and June would be delayed because of the incident.
Read more at Bloomberg Energy News
Gasoline inventories rose 1.76 million barrels to 195.2 million barrels last week, the Energy Department report showed. The protesters will let Shell open the facility and restore lost output amounting to 170,000 barrels a day, Reuters reported. Shell yesterday said deliveries in May and June would be delayed because of the incident.
Read more at Bloomberg Energy News
U.S. private sector wage growth on hold-BNA
(Reuters) - "While the latest index is not giving a clear indication of the direction of wages, it suggests we are in a holding pattern," said economist Kathryn Kobe, who worked on the development of the index for BNA.
Since rising steadily for nine quarters to a peak of 100.85 in the third quarter 2006, the index has fluctuated within a narrow range, said BNA.
Read more at Reuters.com Economic News
Since rising steadily for nine quarters to a peak of 100.85 in the third quarter 2006, the index has fluctuated within a narrow range, said BNA.
Read more at Reuters.com Economic News
European Commodity Stocks Advance; Credit Agricole, EasyJet Shares Decline
(Bloomberg) -- European commodity stocks gained, led by BHP Billiton Ltd. and Rio Tinto Group, on speculation rising prices for metals will boost earnings. Benchmarks in the region were little changed.
Credit Agricole SA had the biggest drop in seven months after earnings at France's second-biggest bank missed analysts' estimates. Land Securities Group Plc led financial services stocks lower after Europe's largest real estate investment trust said the value of some of its properties dropped.
Read more at Bloomberg Stocks News
Credit Agricole SA had the biggest drop in seven months after earnings at France's second-biggest bank missed analysts' estimates. Land Securities Group Plc led financial services stocks lower after Europe's largest real estate investment trust said the value of some of its properties dropped.
Read more at Bloomberg Stocks News
Dollar Rises to Three-Month High Versus Yen on Industrial, Housing Reports
(Bloomberg) -- The dollar rose to the highest in almost three months against the yen and strengthened versus the euro after reports showed industrial production rose more than economists forecast and housing starts unexpectedly increased.
Investors bought the U.S. currency as the data may allay concern of a slowdown in the economy, reducing pressure on the Federal Reserve to cut borrowing costs. The yen dropped to a record low against the euro as low interest rates encourage investors to buy higher-yielding assets funded by loans in Japan.
Read more at Bloomberg Currencies News
Investors bought the U.S. currency as the data may allay concern of a slowdown in the economy, reducing pressure on the Federal Reserve to cut borrowing costs. The yen dropped to a record low against the euro as low interest rates encourage investors to buy higher-yielding assets funded by loans in Japan.
Read more at Bloomberg Currencies News
Merrill exec Kim leaves to set up hedge fund
(Reuters) - Kim, Merrill's second-highest paid executive last year, will serve as an adviser to its senior management for a transition period, the brokerage said in a statement.
Kim is the latest in a series of senior Wall Street executives who have struck out on their own, preferring to set up their own firms, whether they be small boutique investment banks or hedge fund managers.
Read more at Reuters.com Business News
Kim is the latest in a series of senior Wall Street executives who have struck out on their own, preferring to set up their own firms, whether they be small boutique investment banks or hedge fund managers.
Read more at Reuters.com Business News
UPDATE 1-U.S. April industrial output jumps 0.7 pct
(Reuters) - Capacity utilization at the nation's factories, mines and utilities was a slightly greater-than-expected 81.6 percent as manufacturing capacity use picked up.
Analysts polled by Reuters were expecting production to rise 0.3 percent and capacity use to rise to 81.5 percent.
Read more at Reuters.com Economic News
Analysts polled by Reuters were expecting production to rise 0.3 percent and capacity use to rise to 81.5 percent.
Read more at Reuters.com Economic News
UPDATE 1-Warburg Pincus to buy Bausch & Lomb for $3.67 bln
(Reuters) - Under the terms of the deal, Warburg Pincus will acquire all of the outstanding shares of Bausch & Lomb common stock for $65 per share in cash. It will also assume about $830 million in debt.
Shares of the company were trading at $67.40 in premarket activity, an indication that investors may expect a higher bid.
Read more at Reuters.com Mergers News
Shares of the company were trading at $67.40 in premarket activity, an indication that investors may expect a higher bid.
Read more at Reuters.com Mergers News
Treasuries Little Changed on Unexpected Rise in Housing Starts Last Month
(Bloomberg) -- Treasuries were little changed after a government report showed U.S. housing starts unexpectedly rose last month.
The Federal Reserve held its benchmark rate steady at its policy meeting last week, saying inflation remains the ``predominant'' economic risk.
Read more at Bloomberg Bonds News
The Federal Reserve held its benchmark rate steady at its policy meeting last week, saying inflation remains the ``predominant'' economic risk.
Read more at Bloomberg Bonds News
First Quantum, ING Canada, Thomson, Workbrain: Canadian Equity Preview
(Bloomberg) -- The following is a list of companies whose shares may have unusual price changes in Canadian markets. This preview includes news that broke after markets closed yesterday. Symbols are in parentheses after company names and prices are from the last close.
The Standard & Poor's/TSX Composite Index rose 31.36, or 0.2 percent, to 13,934.64, yesterday in Toronto.
Read more at Bloomberg Stocks News
The Standard & Poor's/TSX Composite Index rose 31.36, or 0.2 percent, to 13,934.64, yesterday in Toronto.
Read more at Bloomberg Stocks News
ING Canada first-quarter profit falls 32 percent
(Reuters) - Excluding net gains on invested assets and other gains after tax, net operating income was C$113.9 million, or 85 Canadian cents a share.
Analysts had expected GAAP earnings of C$1.02 a share and earnings before exceptional items of 84 Canadian cents, according to Reuters Estimates.
Read more at Reuters.com Market News
Analysts had expected GAAP earnings of C$1.02 a share and earnings before exceptional items of 84 Canadian cents, according to Reuters Estimates.
Read more at Reuters.com Market News
Chevron to halt Nigeria operations for 30 days
(Reuters) - Citing the statement, GAC said de-manning of all the SEWOPs started on Saturday and was planned to continue through Tuesday, May 15.
According to GAC, Chevron had said "the temporary suspension will enable them to concentrate resources and efforts in supporting production operations during these difficult times."
Read more at Reuters.com Business News
According to GAC, Chevron had said "the temporary suspension will enable them to concentrate resources and efforts in supporting production operations during these difficult times."
Read more at Reuters.com Business News
UPDATE 2-U.S. could still grow 2.7 pct 2007 -adviser
(Reuters) - PARIS, May 16 - The U.S. economy could still meet the Bush administration's forecast for 2.7 percent growth this year despite a weak performance in the first quarter, White House economic adviser Edward Lazear said on Wednesday.
Weaker exports and a steady slide in spending on homebuilding helped slow U.S. growth to an annual rate of just 1.3 percent in the first quarter, its softest pace in four years.
Read more at Reuters.com Economic News
Weaker exports and a steady slide in spending on homebuilding helped slow U.S. growth to an annual rate of just 1.3 percent in the first quarter, its softest pace in four years.
Read more at Reuters.com Economic News
Drought in Northern China Delays Planting of Corn, May Reduce Production
(Bloomberg) -- Corn output in China's northeastern provinces, the country's main growing region for the commodity, may be cut by a drought that has delayed some planting and affected crops already sown.
Dry weather since late April in Liaoning has affected more than 1 million hectares (2.5 million acres) of crop, the Liaoning Meteorological Bureau said on its Web site today. The conditions have also damaged corn crops in Jilin, said analysts including Zheng Bin at Changchun Grains Exchange Co.
Read more at Bloomberg Commodities News
Dry weather since late April in Liaoning has affected more than 1 million hectares (2.5 million acres) of crop, the Liaoning Meteorological Bureau said on its Web site today. The conditions have also damaged corn crops in Jilin, said analysts including Zheng Bin at Changchun Grains Exchange Co.
Read more at Bloomberg Commodities News
African Development Bank says must reform itself
(Reuters) - The African Development Bank must undertake significant internal reforms to become more responsive to the continent's needs and more effective as a tool for development, the bank's president said on Wednesday.
Donald Kaberuka told the opening of the bank's annual meeting that the lender was financially strong but bogged down by in-house bureaucracy.
Read more at Reuters Africa
Donald Kaberuka told the opening of the bank's annual meeting that the lender was financially strong but bogged down by in-house bureaucracy.
Read more at Reuters Africa
U.S. Stock-Index Futures Are Little Changed; Home Depot Declines in Europe
(Bloomberg) -- U.S. stock-index futures were little changed before a government report that may add to evidence the real-estate slump shows no signs of abating.
Shares of Home Depot Inc., the world's biggest home- improvement retailer, declined in Europe. Applied Materials Inc. dropped after the world's biggest maker of semiconductor- production equipment forecast orders this quarter that missed some analysts' estimates.
Read more at Bloomberg Stocks News
Shares of Home Depot Inc., the world's biggest home- improvement retailer, declined in Europe. Applied Materials Inc. dropped after the world's biggest maker of semiconductor- production equipment forecast orders this quarter that missed some analysts' estimates.
Read more at Bloomberg Stocks News
Capitalia, UniCredit poised to create Italian giant
(Reuters) - Both banks confirmed a potential deal was in the works late on Tuesday after speculation over an imminent deal gathered momentum over the past week, sending Capitalia shares to an all-time high.
Capitalia said no agreement has been reached yet, but sources familiar with the situation told Reuters they expect a deal as early next week. The Rome-based bank is also expected to hold a board meeting next week when its chairman will brief board members about the talks, a source has said.
Read more at Reuters.com Mergers News
Capitalia said no agreement has been reached yet, but sources familiar with the situation told Reuters they expect a deal as early next week. The Rome-based bank is also expected to hold a board meeting next week when its chairman will brief board members about the talks, a source has said.
Read more at Reuters.com Mergers News
Carbon Emission Permits Advance to 11-Month High After Italian Grant Cut
(Bloomberg) -- European Union carbon dioxide permits rose to their highest in more than 11 months, a day after the regulator of the emissions trading system curbed a grant of allowances by Italy.
Emission permits for 2008 rose 15 cents, or 0.7 percent, to 20.80 euros ($28) a metric ton, according to broker Spectron Group Plc in London at 8:25 a.m. local time. That's their highest since June 6.
Read more at Bloomberg Energy News
Emission permits for 2008 rose 15 cents, or 0.7 percent, to 20.80 euros ($28) a metric ton, according to broker Spectron Group Plc in London at 8:25 a.m. local time. That's their highest since June 6.
Read more at Bloomberg Energy News
U.K. Pound Trades Near 2-Month Low Versus Euro Before BOE Inflation Report
(Bloomberg) -- The pound traded near a two-month low against the euro before the Bank of England's quarterly inflation report today and on speculation its value already reflects the likelihood the Bank of England will raise interest rates further this year to ward off inflation.
The U.K. currency also slid to its lowest in four weeks versus the dollar yesterday after a report showed inflation slowed last month from the highest in a decade. Traders held onto bets the central bank will raise rates twice more this year, futures prices show.
Read more at Bloomberg Currencies News
The U.K. currency also slid to its lowest in four weeks versus the dollar yesterday after a report showed inflation slowed last month from the highest in a decade. Traders held onto bets the central bank will raise rates twice more this year, futures prices show.
Read more at Bloomberg Currencies News
Merrill Raises WTI, Brent Oil-Price Forecasts, Sees Lower Non-OPEC Supply
(Bloomberg) -- Merrill Lynch & Co., the world's third- largest securities firm, raised its price estimates for crude oil this year on expectation of lower supplies from producers outside the Organization of Petroleum Exporting Countries.
The bank raised its forecast for West Texas Intermediate, the benchmark crude traded in New York, to $66 a barrel in the third quarter, up from an earlier $60.50. WTI will average $67.50 a barrel in the fourth quarter this year, up from $61.50, Merrill said today in an e-mailed note.
Read more at Bloomberg Energy News
The bank raised its forecast for West Texas Intermediate, the benchmark crude traded in New York, to $66 a barrel in the third quarter, up from an earlier $60.50. WTI will average $67.50 a barrel in the fourth quarter this year, up from $61.50, Merrill said today in an e-mailed note.
Read more at Bloomberg Energy News
U.K. FTSE 100 Falls, Paced by Land Securities and Drax; Sainsbury Declines
(Bloomberg) -- U.K. stocks dropped, led by Land Securities Plc, HSBC Holdings Plc and Drax Group Plc. Shares of J Sainsbury Plc also retreated.
The FTSE 100 Index declined 28.1, or 0.4 percent, to 6540.5 in London at 8:04 a.m. The FTSE All-Share Index slipped 7.79, or 0.2 percent, to 3405.96. Ireland's ISEQ Index added 17.35, or 0.2 percent, to 9627.22.
Read more at Bloomberg Stocks News
The FTSE 100 Index declined 28.1, or 0.4 percent, to 6540.5 in London at 8:04 a.m. The FTSE All-Share Index slipped 7.79, or 0.2 percent, to 3405.96. Ireland's ISEQ Index added 17.35, or 0.2 percent, to 9627.22.
Read more at Bloomberg Stocks News
PetroChina to Spend $5.2 Billion Developing Bohai Bay Discovery by 2012
(Bloomberg) -- PetroChina Co. said it will spend 40 billion yuan ($5.2 billion) by 2012 to develop the nation's biggest oil discovery in half a century, helping to revive stagnant output and fuel the fastest-growing major economy.
``The 1 billion tons of reserves aren't the final figure,'' PetroChina President Jiang Jiemin said in Beijing today, referring to initial announcements of the field's size. ``As exploration proceeds, the reserves will be even bigger.'' Total reserves, equal to about 7.5 billion barrels, ``will be proven eventually,'' he said.
Read more at Bloomberg Energy News
``The 1 billion tons of reserves aren't the final figure,'' PetroChina President Jiang Jiemin said in Beijing today, referring to initial announcements of the field's size. ``As exploration proceeds, the reserves will be even bigger.'' Total reserves, equal to about 7.5 billion barrels, ``will be proven eventually,'' he said.
Read more at Bloomberg Energy News
Subscribe to:
Posts (Atom)