joi, 26 iunie 2008

FED decision 25.06 ...

FED decision dominated the first pages of the newspaper business, Anglo American remains firmly against the investment positions of Zimbabwe, the sale of Postbank could take place more quickly than most analysts believed, the holder of the legendary Budweiser brand is preparing to reject the hostile bid from the capable belgienilor from InBev, the pressure on Bradford and Bingley are rising after a failed round of negotiations and according to the daily Handelsblatt, Siemens could redundant 15,000 employees! These are some of the international press headlines today.

FED remain in the positions while Trichet indicated an interest rate increase, titrează Financial Times. In comments on the sidelines of the decision, alleging the Federal Reserve to address concerns of inflation, but not identified inflation as the dominant risk. FED's reserves the option to expensive credit in the near future, but at this point forward if no one will do or not. According to expectations, interest landmark in the United States remained unchanged at 2 percent. Following the decision, action on U.S. exchanges were appreciated, the market is interpreting that Federal Reserve interest rate increase is not considered a priority at this time. Dollar lost ground against the euro and closed at 1.5665. Communication brings an improvement in the terms used in the last period on the sidelines of the state economy: economic activity expands further, partly reflecting a consolidation of some consumer spending. " Meanwhile, European Central Bank president, Jean-Calude Trichet expressed concern about inflation and massive wage increases. He cimentat so convinced that the ECB will increase key interest rates 0.25%, at the next monetary policy meeting. European Central Bank officials are aşteapta that inflation in the euro area, which has reached the maximum past 16 years, respectively 3.7 percent in May, to keep high the following period.


From the economic daily The Guardian hear that Anglo American is not deviate from the position taken in the case of investment in Zimbabwe. Gigantul mining insists the controversial decision to invest hundreds of millions of pounds sterling in a platinum mine in Zimbabwe, despite harsh ciriticilor coming from all over the world. Company representatives said that, in the long term, people will benefit from the project. "Responsible development of the Unki mine will generate a viable business in the long term that will have an important contribution to the country's economic future", described in a communication of Anglo American.

"Sale of Deutsche Post, a final step," titrează Frankfurter Allgemeine Zeitung. According to the notice of the concern aseară parent Deutsche Post, Postbank chief, Woflgang Klein resigned as the State Board of the German Post. Moving is likely to avoid potential conflicts of interest that might arise from this dual quality. Klein retains his role as chairman of the Board of Trustees of the bank. According to analysts, the resignation would indicate that negotiations for a possible takeover of the bank entered into a straight line. Speculaţiile were largely confirmed by the German Post. From communicated hear that the discussions with tenderers are in an advanced stage.

Anheuser is preparing to reject the offer InBev, titrează cotdianul The Wall Street Journal. The U.S. move into defensive position against the hostile takeover bid of belgienilor from InBev. According to sources close to the situation in the following days we might assist in a spectacular confrontation between the two giganţi in beer. According to the same sources, believes that Americans offer subevaluează much Budweiser and the manufacturer intends to propose as soon as possible a plan of their own restructuring. The plan would consist of the sale of assets not related to business basics. These include several thematic parks. The sale, Anheuser could impetus to the value of shares on the exchange. Totşi It is unlikely that this strategy and to determine those from InBev to waive takeover plan. The company with headquarters in Leuven, Belgium, could address directly to shareholders. In such a scenario, the Americans would remain very little room for manoeuvre

"Resolution puts pressure on Bradgord and Bingley," hear from the economic daily The Times. Clive Cowdery's Fund, one of the shareholders of activists from B and B, puts pressure on mortgage creditor for it to provide unlimited access to the accounts. After a day of tense negotiations, the talks have failed, the backdrop of concerns Resolution under which it intends to take total control of the Bradford and Bingley. Following negotiations, Resolution, which enjoys advice from Lazard, has published the full details of the proposed infuziei, worth 400 million pounds sterling. Moving was likely to raise awareness on iotecare British bank shareholders.

Siemens could 15,000 redundant employees, titrează Handelsblattîn exclusivity. Restructuring measures could be much tougher than originally expected. Trade unions are placed in the hands speculation according to which, german engineering concern could disponibiliza between 10,000 and 15,000 employees. Staff reductions could occur both on the administration and the distribution. Cotidianul german sitează sources within the trade unions. Currently, Siemens is working for 435,000 people globally. Approximately one third of them operating in Germanny.

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