Notícias de Fim de Semana - 26 e 27 de Abril de 2003
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Bush Chastises Allies Who Oppose His $550 Bln Tax Cut Proposal
By Ryan J. Donmoyer
Washington, April 26 (Bloomberg) -- President George W. Bush chastised political allies who've been critical of his tax cut, calling efforts to reduce the size of the package detrimental to job growth.
``Some members of Congress support tax relief but say my proposal is too big,'' Bush said in his weekly radio address. ``Since they already agree that tax relief creates jobs, it doesn't make sense to provide less tax relief and, therefore, create fewer jobs.''
Bush has stepped up his campaign for at least $550 billion in tax cuts over the next decade, including an elimination of the tax of as high as 38.6 percent that investors pay on dividends. The president traveled to Ohio on Thursday to put pressure on Republican Senator George Voinovich, who says he'll oppose any tax cut larger than $350 billion.
Bush faces opposition from all Senate Democrats but one, along with Voinovich and fellow Republican senators Lincoln Chafee of Rhode Island, Charles Grassley of Iowa and Olympia Snowe of Maine. Grassley, the chairman of the tax-writing Senate Finance Committee, said he's drafting a $350 billion measure that won't include a cut in the dividends tax.
Bush says that's not enough. His spokesman, Ari Fleischer, pointed Friday to Commerce Department figures that showed the U.S. economy expanded at a 1.6 percent annual rate in the first quarter, less than forecast, due to the war in Iraq and severe winter weather.
Democrats say the tax cut favors the rich and will increase an already growing deficit. Voinovich and Snowe don't take issue with the president's specific proposals, objecting instead that it will balloon the deficit.
`Good for Families'
The president, who has already accepted that he won't get the $726 billion he originally sought in January, is insisting on $550 billion and inclusion of all the elements of his original package. In addition to making dividends tax-free to investors, it would accelerate income tax cuts slated to take effect in 2004, 2006, and 2009, and raise the deduction for equipment purchases by small businesses to $75,000 from $25,000.
This, Bush said, will create more than 1 million new jobs.
``Tax relief is good for families, and good for our entire economy,'' Bush said. ``The jobs and growth plan I have proposed is fair. It is responsible. It is urgent. And Congress should pass it in full.''
Last Updated: April 26, 2003 11:02 EDT
By Ryan J. Donmoyer
Washington, April 26 (Bloomberg) -- President George W. Bush chastised political allies who've been critical of his tax cut, calling efforts to reduce the size of the package detrimental to job growth.
``Some members of Congress support tax relief but say my proposal is too big,'' Bush said in his weekly radio address. ``Since they already agree that tax relief creates jobs, it doesn't make sense to provide less tax relief and, therefore, create fewer jobs.''
Bush has stepped up his campaign for at least $550 billion in tax cuts over the next decade, including an elimination of the tax of as high as 38.6 percent that investors pay on dividends. The president traveled to Ohio on Thursday to put pressure on Republican Senator George Voinovich, who says he'll oppose any tax cut larger than $350 billion.
Bush faces opposition from all Senate Democrats but one, along with Voinovich and fellow Republican senators Lincoln Chafee of Rhode Island, Charles Grassley of Iowa and Olympia Snowe of Maine. Grassley, the chairman of the tax-writing Senate Finance Committee, said he's drafting a $350 billion measure that won't include a cut in the dividends tax.
Bush says that's not enough. His spokesman, Ari Fleischer, pointed Friday to Commerce Department figures that showed the U.S. economy expanded at a 1.6 percent annual rate in the first quarter, less than forecast, due to the war in Iraq and severe winter weather.
Democrats say the tax cut favors the rich and will increase an already growing deficit. Voinovich and Snowe don't take issue with the president's specific proposals, objecting instead that it will balloon the deficit.
`Good for Families'
The president, who has already accepted that he won't get the $726 billion he originally sought in January, is insisting on $550 billion and inclusion of all the elements of his original package. In addition to making dividends tax-free to investors, it would accelerate income tax cuts slated to take effect in 2004, 2006, and 2009, and raise the deduction for equipment purchases by small businesses to $75,000 from $25,000.
This, Bush said, will create more than 1 million new jobs.
``Tax relief is good for families, and good for our entire economy,'' Bush said. ``The jobs and growth plan I have proposed is fair. It is responsible. It is urgent. And Congress should pass it in full.''
Last Updated: April 26, 2003 11:02 EDT
- Mensagens: 23939
- Registado: 5/11/2002 11:30
- Localização: 4
U.S. Stocks Fall, Pushing S&P 500 to Biggest Drop in Two Weeks
By John Melloy
New York, April 25 (Bloomberg) -- U.S. stocks fell, pushing the Standard & Poor's 500 Index to its biggest drop in two weeks, after a government report showed gross domestic product grew at a slower pace than expected last quarter amid the war in Iraq.
Intel Corp. and Micron Technology Inc. declined after Smith Barney cut its recommendation for the semiconductor industry on concern that demand will slow. R.J. Reynolds Tobacco Holdings Inc. had the largest decline in its four-year history as the cigarette maker slashed its earnings forecast.
``The market was hit by the GDP number,'' said Brian Smolinski, who helps manage $35 billion at Fifth Third Asset Management in Grand Rapids, Michigan. It ``was a reminder of the prewar conditions, which were not that favorable. People are looking back and saying `yes, we did have a rough period.'''
The S&P 500 slid 12.62, or 1.4 percent, to 898.81, its steepest decline since April 9. All 10 of the index's economic groups fell. The Dow Jones Industrial Average shed 133.69, or 1.6 percent, to 8306.35. The Nasdaq Composite Index lost 22.69, or 1.6 percent, to 1434.54.
All three benchmarks had their first back-to-back declines since April 8 and April 9. Five stocks fell for every three that rose on the New York Stock Exchange, while three dropped for every two that gained on the Nasdaq Stock Market. Some 1.3 billion shares traded on the Big Board, 3 percent below the three-month daily average.
For the week, the S&P 500 and Nasdaq rose 0.6 percent, while the Dow average dropped 0.4 percent. The S&P 500 reached a three- month high on Wednesday. For the month, it's gained 6 percent as first-quarter earnings beat analyst estimates.
`Another Sign'
The U.S. economy grew at a 1.6 percent annual rate from January through March after expanding 1.4 percent in the previous three months, the Commerce Department said. Economists surveyed by Bloomberg News had forecast a 2.4 percent gain.
``People were expecting better results for the quarter,'' said Kevin Logan, senior market economist at Dresdner Kleinwort Wasserstein. ``It is another sign that growth is not as strong as they anticipated. If GDP continues to grow slowly, corporate profits are likely to grow slowly as well.''
For the 329 members of the S&P 500 that have reported first- quarter results, earnings have climbed 11 percent, according to Thomson Financial. Companies are topping expectations by an average of 6.8 percent. Analysts anticipate profit growth will slow to 6.3 percent this quarter, Thomson Financial said.
Chip Stocks
Intel, the world's largest semiconductor maker, shed 67 cents to $18.28. Micron, the No. 2 maker of computer-memory chips, lost 67 cents to $8.69. Texas Instruments Inc., the world's largest maker of chips that power mobile phones, slid 96 cents to $18.39. Applied Materials Inc., the world's biggest chip-equipment maker, lost 86 cents to $14.19.
Smith Barney analyst Clark Westmont cut his recommendation for the industry to ``underweight'' from ``market weight.'' Inventories of chips have risen and share prices already reflect earnings prospects, Westmont said in a note to clients. Demand for semiconductors will also decline between May and October, he said.
The Philadelphia Semiconductor Index lost 5 percent, with all 17 members declining. The index had rallied as much as 20 percent this year.
R.J. Reynolds slumped $6.02 to $28.18. Its 18 percent drop was the biggest since the company was spun off from RJR Nabisco Holdings Corp. in June 1999. The second-biggest U.S. cigarette maker slashed its annual earnings forecast by more than half because lower-price rivals are eroding sales. First-quarter sales tumbled 20 percent.
Altria Group Inc., which owns Philip Morris USA, dropped $1.89 to $31.01.
Automakers Fall
General Motors Corp., the world's biggest automaker, lost $1.04 to $35.62. Ford Motor Co., the second largest, fell 54 cents to $9.96. UBS Warburg analyst Saul Rubin reduced his rating on General Motors to ``neutral'' from ``buy,'' and downgraded Ford to ``reduce'' from ``neutral'' because the shares appear expensive.
Ford's stock has risen 32 percent this month after the company reported profit that beat estimates. General Motors' shares are close to fairly valued, he said.
UnumProvident Corp. slid $3.33 to $9.12. Its 27 percent drop was the biggest in the S&P 500. The No. 1 U.S. disability insurer said it will sell $900 million of securities and cut its dividend in half to avoid having its credit rating downgraded to junk.
Providian Financial Corp. declined 81 cents to $7.06. The credit-card issuer's net income and sales both fell by more than half last quarter as the company focused on attracting more creditworthy customers.
Starbucks Corp. lost $1.76 to $23.47. The biggest chain of U.S. coffee shops reduced its full-year forecast to reflect its acquisition of Seattle Coffee Co. and its expectation of paying higher taxes overseas.
Avaya Jumps
Avaya Inc. rose 72 cents, or 26 percent, to $3.46, giving it the biggest gain in the S&P 500. The largest U.S. maker of office- telephone equipment said its fiscal second-quarter loss narrowed from a year earlier as the company reduced operating expenses.
Amazon.com Inc., the world's largest Internet retailer, jumped $3.85 to $28.97. Its first-quarter loss narrowed to $10.12 million as sales rose 28 percent. The company also boosted its 2003 revenue forecast to an increase of more than 19 percent from a gain of at least 15 percent.
AMR Corp., owner of American Airlines, rose 36 cents to $4.40. New Chief Executive Officer Gerard Arpey secured an agreement with the carrier's flight attendants union to accept job, pay and benefit cuts designed to help the carrier avoid bankruptcy. Arpey took over from ousted Chief Executive Donald Carty, who angered the union over his failure to disclose executives' bonuses and pension protection.
Becton, Dickinson & Co. jumped $1.96 to $35.36. The world's biggest maker of syringes earned a penny more than what analysts surveyed by Thomson Financial expected in the first quarter. The company also boosted its full-year forecast.
Futures, QQQs
S&P 500 futures expiring in June slipped 11.20 to 898.60 on the Chicago Mercantile Exchange. June futures on the Nasdaq-100 Index declined 22.50 to 1085.50. The index, a benchmark for Nasdaq's largest companies, lost 24.93 to 1083.19.
Nasdaq-100 tracking shares, called Cubes because of their QQQ ticker symbol, fell 53 cents to $26.95. The S&P 500 shares known as Spiders lost $1.13 to $90.23.
The Russell 2000 Index of smaller stocks declined 3.77, or 1 percent, to 388.50. The Wilshire 5000 Total Market Index, the broadest measure of U.S. shares, shed 110.75, or 1.3 percent, to 8525.89. Based on changes in the Wilshire, the total value of U.S. stocks declined $132.9 billion.
Altria Group Inc. (MO)
Amazon.com Inc. (AMZN)
AMR Corp. (AMR)
Applied Materials Inc. (AMAT)
Avaya Inc. (AV)
Becton, Dickinson & Co. (BDX)
Ford Motor Co. (F)
General Motors Corp. (GM)
Intel Corp. (INTC)
Micron Technology Inc. (MU)
Provident Financial Corp. (PVN)
R.J. Reynolds Tobacco Holdings Inc. (RJR)
Starbucks Corp. (SBUX)
UnumProvident Corp. (UNM)
Last Updated: April 25, 2003 17:17 EDT
By John Melloy
New York, April 25 (Bloomberg) -- U.S. stocks fell, pushing the Standard & Poor's 500 Index to its biggest drop in two weeks, after a government report showed gross domestic product grew at a slower pace than expected last quarter amid the war in Iraq.
Intel Corp. and Micron Technology Inc. declined after Smith Barney cut its recommendation for the semiconductor industry on concern that demand will slow. R.J. Reynolds Tobacco Holdings Inc. had the largest decline in its four-year history as the cigarette maker slashed its earnings forecast.
``The market was hit by the GDP number,'' said Brian Smolinski, who helps manage $35 billion at Fifth Third Asset Management in Grand Rapids, Michigan. It ``was a reminder of the prewar conditions, which were not that favorable. People are looking back and saying `yes, we did have a rough period.'''
The S&P 500 slid 12.62, or 1.4 percent, to 898.81, its steepest decline since April 9. All 10 of the index's economic groups fell. The Dow Jones Industrial Average shed 133.69, or 1.6 percent, to 8306.35. The Nasdaq Composite Index lost 22.69, or 1.6 percent, to 1434.54.
All three benchmarks had their first back-to-back declines since April 8 and April 9. Five stocks fell for every three that rose on the New York Stock Exchange, while three dropped for every two that gained on the Nasdaq Stock Market. Some 1.3 billion shares traded on the Big Board, 3 percent below the three-month daily average.
For the week, the S&P 500 and Nasdaq rose 0.6 percent, while the Dow average dropped 0.4 percent. The S&P 500 reached a three- month high on Wednesday. For the month, it's gained 6 percent as first-quarter earnings beat analyst estimates.
`Another Sign'
The U.S. economy grew at a 1.6 percent annual rate from January through March after expanding 1.4 percent in the previous three months, the Commerce Department said. Economists surveyed by Bloomberg News had forecast a 2.4 percent gain.
``People were expecting better results for the quarter,'' said Kevin Logan, senior market economist at Dresdner Kleinwort Wasserstein. ``It is another sign that growth is not as strong as they anticipated. If GDP continues to grow slowly, corporate profits are likely to grow slowly as well.''
For the 329 members of the S&P 500 that have reported first- quarter results, earnings have climbed 11 percent, according to Thomson Financial. Companies are topping expectations by an average of 6.8 percent. Analysts anticipate profit growth will slow to 6.3 percent this quarter, Thomson Financial said.
Chip Stocks
Intel, the world's largest semiconductor maker, shed 67 cents to $18.28. Micron, the No. 2 maker of computer-memory chips, lost 67 cents to $8.69. Texas Instruments Inc., the world's largest maker of chips that power mobile phones, slid 96 cents to $18.39. Applied Materials Inc., the world's biggest chip-equipment maker, lost 86 cents to $14.19.
Smith Barney analyst Clark Westmont cut his recommendation for the industry to ``underweight'' from ``market weight.'' Inventories of chips have risen and share prices already reflect earnings prospects, Westmont said in a note to clients. Demand for semiconductors will also decline between May and October, he said.
The Philadelphia Semiconductor Index lost 5 percent, with all 17 members declining. The index had rallied as much as 20 percent this year.
R.J. Reynolds slumped $6.02 to $28.18. Its 18 percent drop was the biggest since the company was spun off from RJR Nabisco Holdings Corp. in June 1999. The second-biggest U.S. cigarette maker slashed its annual earnings forecast by more than half because lower-price rivals are eroding sales. First-quarter sales tumbled 20 percent.
Altria Group Inc., which owns Philip Morris USA, dropped $1.89 to $31.01.
Automakers Fall
General Motors Corp., the world's biggest automaker, lost $1.04 to $35.62. Ford Motor Co., the second largest, fell 54 cents to $9.96. UBS Warburg analyst Saul Rubin reduced his rating on General Motors to ``neutral'' from ``buy,'' and downgraded Ford to ``reduce'' from ``neutral'' because the shares appear expensive.
Ford's stock has risen 32 percent this month after the company reported profit that beat estimates. General Motors' shares are close to fairly valued, he said.
UnumProvident Corp. slid $3.33 to $9.12. Its 27 percent drop was the biggest in the S&P 500. The No. 1 U.S. disability insurer said it will sell $900 million of securities and cut its dividend in half to avoid having its credit rating downgraded to junk.
Providian Financial Corp. declined 81 cents to $7.06. The credit-card issuer's net income and sales both fell by more than half last quarter as the company focused on attracting more creditworthy customers.
Starbucks Corp. lost $1.76 to $23.47. The biggest chain of U.S. coffee shops reduced its full-year forecast to reflect its acquisition of Seattle Coffee Co. and its expectation of paying higher taxes overseas.
Avaya Jumps
Avaya Inc. rose 72 cents, or 26 percent, to $3.46, giving it the biggest gain in the S&P 500. The largest U.S. maker of office- telephone equipment said its fiscal second-quarter loss narrowed from a year earlier as the company reduced operating expenses.
Amazon.com Inc., the world's largest Internet retailer, jumped $3.85 to $28.97. Its first-quarter loss narrowed to $10.12 million as sales rose 28 percent. The company also boosted its 2003 revenue forecast to an increase of more than 19 percent from a gain of at least 15 percent.
AMR Corp., owner of American Airlines, rose 36 cents to $4.40. New Chief Executive Officer Gerard Arpey secured an agreement with the carrier's flight attendants union to accept job, pay and benefit cuts designed to help the carrier avoid bankruptcy. Arpey took over from ousted Chief Executive Donald Carty, who angered the union over his failure to disclose executives' bonuses and pension protection.
Becton, Dickinson & Co. jumped $1.96 to $35.36. The world's biggest maker of syringes earned a penny more than what analysts surveyed by Thomson Financial expected in the first quarter. The company also boosted its full-year forecast.
Futures, QQQs
S&P 500 futures expiring in June slipped 11.20 to 898.60 on the Chicago Mercantile Exchange. June futures on the Nasdaq-100 Index declined 22.50 to 1085.50. The index, a benchmark for Nasdaq's largest companies, lost 24.93 to 1083.19.
Nasdaq-100 tracking shares, called Cubes because of their QQQ ticker symbol, fell 53 cents to $26.95. The S&P 500 shares known as Spiders lost $1.13 to $90.23.
The Russell 2000 Index of smaller stocks declined 3.77, or 1 percent, to 388.50. The Wilshire 5000 Total Market Index, the broadest measure of U.S. shares, shed 110.75, or 1.3 percent, to 8525.89. Based on changes in the Wilshire, the total value of U.S. stocks declined $132.9 billion.
Altria Group Inc. (MO)
Amazon.com Inc. (AMZN)
AMR Corp. (AMR)
Applied Materials Inc. (AMAT)
Avaya Inc. (AV)
Becton, Dickinson & Co. (BDX)
Ford Motor Co. (F)
General Motors Corp. (GM)
Intel Corp. (INTC)
Micron Technology Inc. (MU)
Provident Financial Corp. (PVN)
R.J. Reynolds Tobacco Holdings Inc. (RJR)
Starbucks Corp. (SBUX)
UnumProvident Corp. (UNM)
Last Updated: April 25, 2003 17:17 EDT
- Mensagens: 23939
- Registado: 5/11/2002 11:30
- Localização: 4
Asian Stocks: Nikkei Slumps to 2-Decade Low; South Korea Drops
By Michael Tsang
Tokyo, April 25 (Bloomberg) -- Japanese stocks fell, driving the Nikkei 225 Stock Average to a two-decade low. Sony Corp. had its biggest drop in 15 years after its fourth-quarter loss was almost triple some analysts' estimates because sales slumped.
The Nikkei sank 2 percent to 7699.50 at the 3 p.m. close in Tokyo, its lowest close since Nov. 16, 1982. The Topix index lost 1.6 percent to 782.03. Computer-related stocks and carmakers accounted for more than half the index's drop.
Sony, the world's second-biggest consumer electronics maker, slumped by its 500 yen daily limit, or 13 percent. It was the biggest percentage drop since Oct. 23, 1987, the day global markets plummeted. Fujitsu Ltd., Rohm Co. and other computer- related companies declined on concern Sony's results signaled slowing demand, some investors said.
``Sony's results are having a knock-on effect on other technology stocks,'' said Ed Gaunt, who oversees $800 million as chief investment director at American Express Asset Management International in Tokyo. He sold Sony shares in ``recent weeks.''
Elsewhere in the region, South Korea's Kospi index dropped 3.7 percent, its biggest slide this month, after the U.S. said North Korea disclosed for the first time it has nuclear weapons. Hyundai Engineering & Construction Co., which developed a tourism project that took South Koreans to North Korea, plunged.
Taiwan's TWSE Index slumped 9.1 percent this week, its biggest tumble since September 2001. Benchmarks in Singapore and Hong Kong had their fifth weekly declines, on concern the spread of a deadly disease will curb economic growth.
Markets in Australia and New Zealand are closed for a holiday. All other stock indexes in the region declined except Malaysia's Kuala Lumpur Composite Index, which advanced.
Caught by Surprise
Sony, the biggest loser on the Topix and the Nikkei, tumbled to 3,220 yen. The maker of the PlayStation 2 game console said after the market closed yesterday it lost 111.1 billion yen ($925 million) in the three months ended March 31. Analysts surveyed by Bloomberg News expected a 39 billion yen loss.
``Sony's earnings definitely caught a lot of us by surprise,'' said Rich Herman, who helps manage $2.2 billion at Philadelphia Advisors International. He said his company won't buy shares of Sony ``until we understand Sony's management strategy.''
Fujitsu, Japan's second-largest personal-computer maker, slid 3.9 percent to 322 yen. Rohm, which makes customized semiconductors for consumer electronics and counts Sony among its clients, sank 9.2 percent to 11,350 yen.
The Nikkei fell 2.2 percent this week, while the Topix shed 1.1 percent. Both had their third weekly decline in four. Nikkei 225 futures for June delivery lost 1.5 percent to 7710 in Osaka and shed 1.3 percent to 7725 in Singapore.
North Korea
Stocks in Japan also dropped after North Korea said for the first time that it has nuclear weapons. North Korea may have as many as 200 mid-range missiles capable of striking Japan, the Asahi newspaper said on its Web site. That's about twice the number previously believed to have been possessed by North Korea.
The Kospi slumped 21.72 to 566.63. For the week, the index fell 9.3 percent, its biggest drop since the five days ended Oct. 11. Kospi 200 futures lost 3.7 percent to 72.05, while the underlying index shed 3.6 percent to 72.07.
Hyundai Engineering plunged 14 percent to 2,200 won, its biggest drop since September 2001. The North made the revelation about its nuclear capability during talks in Beijing that were intended to resolve a dispute over the nation's arms program, U.S. officials said.
`Barrier'
``The higher regional risk is going to be a barrier to keeping investors out of Korean stocks,'' said Kim Hyung Chan, who helps manage the equivalent of $1.05 billion at KTB Asset Management Co. Kim plans to buy shares of Samsung Electronics Co. and some of the other biggest companies on the Kospi.
North Koreans told U.S. negotiator James Kelly in Beijing that they would test nuclear weapons soon, Cable News Network reported, citing unnamed U.S. officials.
Companies with factories in China also declined on concern the spread of severe acute respiratory syndrome, or SARS, would lead to a loss of production as business people curtail travel to plants and trade fairs.
Samsung Electronics, the most active stock by value, lost 2.5 percent to 287,500 won. The company, which is the world's biggest memory chipmaker and the largest maker of flat-panel displays, has 12 plants in China where it gets a fifth of its total sales.
LG Electronics Inc., whose exports to China accounted for about 10 percent of its total sales last year, declined 3.6 percent to 40,550 won. Hyundai Motor Co., which has a joint venture plant near Beijing, sank 5 percent to 25,850 won.
The TWSE slid 3.2 percent to 4233.54. MSCI Taiwan futures for April delivery in Singapore shed 0.3 percent to 180.30. The Taiwan Futures Index fell 3.3 percent to 4211.
Unwelcome
The government will announce measures in the next few days to reduce the number of mainland Chinese visitors to the island, Taiwan's Mainland Affairs Council said. It also urged Taiwanese not to visit China. China, including Hong Kong, is Taiwan's largest trade partner.
Taiwan Semiconductor Manufacturing Co., the world's largest supplier of made-to-order chips, slid 3.8 percent to NT$45.50. It was the most active stock by value.
Companies in Taiwan, many with manufacturing plants in China, are already experiencing disruptions. Chi Mei Optoelectronics Corp., the island's No. 2 maker of flat-panel displays, banned employees from traveling to China, where many of its customers are located. The stock slumped 6.7 percent to NT$26.50, its biggest drop since Sept. 18.
Singapore's Straits Times Index fell 1.1 percent to 1229.14, while its futures contract lost 1.8 percent to 1227. For the week, the index lost 4.2 percent, its biggest slide since the five days ended Jan. 31.
Here to Stay?
Hong Kong's Hang Seng Index shed 0.4 percent to 8409.01, the lowest since Oct. 8, 1998. The index dropped 2 percent this week. The benchmark's futures declined 0.3 percent to 8390.
The lack of a method to diagnose SARS has led to the spread the disease. Worldwide, countries and regions have reported at least 4,439 SARS cases and 263 related deaths, according to World Health Organization statistics. Most are in Asia.
``It is pretty difficult to predict the impact that SARS will have on growth in Asia though I think it is becoming increasingly obvious that this virus will be around for some time yet,'' said Michael Kerley, who helps manage $600 million at Invesco Asset Management in London.
Chi Mei Optoelectronics Corp. (3009 TT)
Fujitsu Ltd. (6702 JP)
Hyundai Engineering & Construction Co. (0072 KS)
Hyundai Motor Co. (0538 KS)
LG Electronics Inc. (6657 KS)
Rohm Co. (6963 JP)
Samsung Electronics Co. (0593 KS)
Sony Corp. (6758 JP)
Taiwan Semiconductor Manufacturing Co. (2330 TT) TSMC
Last Updated: April 25, 2003 05:35 EDT
By Michael Tsang
Tokyo, April 25 (Bloomberg) -- Japanese stocks fell, driving the Nikkei 225 Stock Average to a two-decade low. Sony Corp. had its biggest drop in 15 years after its fourth-quarter loss was almost triple some analysts' estimates because sales slumped.
The Nikkei sank 2 percent to 7699.50 at the 3 p.m. close in Tokyo, its lowest close since Nov. 16, 1982. The Topix index lost 1.6 percent to 782.03. Computer-related stocks and carmakers accounted for more than half the index's drop.
Sony, the world's second-biggest consumer electronics maker, slumped by its 500 yen daily limit, or 13 percent. It was the biggest percentage drop since Oct. 23, 1987, the day global markets plummeted. Fujitsu Ltd., Rohm Co. and other computer- related companies declined on concern Sony's results signaled slowing demand, some investors said.
``Sony's results are having a knock-on effect on other technology stocks,'' said Ed Gaunt, who oversees $800 million as chief investment director at American Express Asset Management International in Tokyo. He sold Sony shares in ``recent weeks.''
Elsewhere in the region, South Korea's Kospi index dropped 3.7 percent, its biggest slide this month, after the U.S. said North Korea disclosed for the first time it has nuclear weapons. Hyundai Engineering & Construction Co., which developed a tourism project that took South Koreans to North Korea, plunged.
Taiwan's TWSE Index slumped 9.1 percent this week, its biggest tumble since September 2001. Benchmarks in Singapore and Hong Kong had their fifth weekly declines, on concern the spread of a deadly disease will curb economic growth.
Markets in Australia and New Zealand are closed for a holiday. All other stock indexes in the region declined except Malaysia's Kuala Lumpur Composite Index, which advanced.
Caught by Surprise
Sony, the biggest loser on the Topix and the Nikkei, tumbled to 3,220 yen. The maker of the PlayStation 2 game console said after the market closed yesterday it lost 111.1 billion yen ($925 million) in the three months ended March 31. Analysts surveyed by Bloomberg News expected a 39 billion yen loss.
``Sony's earnings definitely caught a lot of us by surprise,'' said Rich Herman, who helps manage $2.2 billion at Philadelphia Advisors International. He said his company won't buy shares of Sony ``until we understand Sony's management strategy.''
Fujitsu, Japan's second-largest personal-computer maker, slid 3.9 percent to 322 yen. Rohm, which makes customized semiconductors for consumer electronics and counts Sony among its clients, sank 9.2 percent to 11,350 yen.
The Nikkei fell 2.2 percent this week, while the Topix shed 1.1 percent. Both had their third weekly decline in four. Nikkei 225 futures for June delivery lost 1.5 percent to 7710 in Osaka and shed 1.3 percent to 7725 in Singapore.
North Korea
Stocks in Japan also dropped after North Korea said for the first time that it has nuclear weapons. North Korea may have as many as 200 mid-range missiles capable of striking Japan, the Asahi newspaper said on its Web site. That's about twice the number previously believed to have been possessed by North Korea.
The Kospi slumped 21.72 to 566.63. For the week, the index fell 9.3 percent, its biggest drop since the five days ended Oct. 11. Kospi 200 futures lost 3.7 percent to 72.05, while the underlying index shed 3.6 percent to 72.07.
Hyundai Engineering plunged 14 percent to 2,200 won, its biggest drop since September 2001. The North made the revelation about its nuclear capability during talks in Beijing that were intended to resolve a dispute over the nation's arms program, U.S. officials said.
`Barrier'
``The higher regional risk is going to be a barrier to keeping investors out of Korean stocks,'' said Kim Hyung Chan, who helps manage the equivalent of $1.05 billion at KTB Asset Management Co. Kim plans to buy shares of Samsung Electronics Co. and some of the other biggest companies on the Kospi.
North Koreans told U.S. negotiator James Kelly in Beijing that they would test nuclear weapons soon, Cable News Network reported, citing unnamed U.S. officials.
Companies with factories in China also declined on concern the spread of severe acute respiratory syndrome, or SARS, would lead to a loss of production as business people curtail travel to plants and trade fairs.
Samsung Electronics, the most active stock by value, lost 2.5 percent to 287,500 won. The company, which is the world's biggest memory chipmaker and the largest maker of flat-panel displays, has 12 plants in China where it gets a fifth of its total sales.
LG Electronics Inc., whose exports to China accounted for about 10 percent of its total sales last year, declined 3.6 percent to 40,550 won. Hyundai Motor Co., which has a joint venture plant near Beijing, sank 5 percent to 25,850 won.
The TWSE slid 3.2 percent to 4233.54. MSCI Taiwan futures for April delivery in Singapore shed 0.3 percent to 180.30. The Taiwan Futures Index fell 3.3 percent to 4211.
Unwelcome
The government will announce measures in the next few days to reduce the number of mainland Chinese visitors to the island, Taiwan's Mainland Affairs Council said. It also urged Taiwanese not to visit China. China, including Hong Kong, is Taiwan's largest trade partner.
Taiwan Semiconductor Manufacturing Co., the world's largest supplier of made-to-order chips, slid 3.8 percent to NT$45.50. It was the most active stock by value.
Companies in Taiwan, many with manufacturing plants in China, are already experiencing disruptions. Chi Mei Optoelectronics Corp., the island's No. 2 maker of flat-panel displays, banned employees from traveling to China, where many of its customers are located. The stock slumped 6.7 percent to NT$26.50, its biggest drop since Sept. 18.
Singapore's Straits Times Index fell 1.1 percent to 1229.14, while its futures contract lost 1.8 percent to 1227. For the week, the index lost 4.2 percent, its biggest slide since the five days ended Jan. 31.
Here to Stay?
Hong Kong's Hang Seng Index shed 0.4 percent to 8409.01, the lowest since Oct. 8, 1998. The index dropped 2 percent this week. The benchmark's futures declined 0.3 percent to 8390.
The lack of a method to diagnose SARS has led to the spread the disease. Worldwide, countries and regions have reported at least 4,439 SARS cases and 263 related deaths, according to World Health Organization statistics. Most are in Asia.
``It is pretty difficult to predict the impact that SARS will have on growth in Asia though I think it is becoming increasingly obvious that this virus will be around for some time yet,'' said Michael Kerley, who helps manage $600 million at Invesco Asset Management in London.
Chi Mei Optoelectronics Corp. (3009 TT)
Fujitsu Ltd. (6702 JP)
Hyundai Engineering & Construction Co. (0072 KS)
Hyundai Motor Co. (0538 KS)
LG Electronics Inc. (6657 KS)
Rohm Co. (6963 JP)
Samsung Electronics Co. (0593 KS)
Sony Corp. (6758 JP)
Taiwan Semiconductor Manufacturing Co. (2330 TT) TSMC
Last Updated: April 25, 2003 05:35 EDT
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European Stock Indexes Fall for First Week in the Last Four
By Sam Fleming
London, April 26 (Bloomberg) -- Europe's Dow Jones Stoxx 50 and 600 indexes fell for the first week in the last four as companies such as Volkswagen AG and Schneider Electric SA said the dollar's drop may crimp sales or profit this year.
TUI AG and LVMH Moet Hennessy Louis Vuitton SA slid on concern severe acute respiratory syndrome will deter tourists from booking holidays and buying luxury goods.
The Dow Jones Stoxx 50 Index fell 1.4 percent to 2289.97, taking its drop to 1.4 percent for the week. It slid Thursday and Friday after reaching a three-month high on Wednesday. The Stoxx 600 lost 1.1 percent for the week.
``We think the current rally is close to petering out,'' said Andreas Utermann, who helps manage about $700 billion at Allianz Dresdner Asset Management. He said he may start selling stocks, partly because the U.S. and European economies are ``not firing on all cylinders.''
Both the U.S. and U.K. economies expanded less than economists expected in the first quarter, reports showed Friday. The Organization for Economic Cooperation and Development cut its forecast for 2003 global economic growth on Thursday.
Benchmark indexes fell in all of the 16 Western European markets open for trading Friday except Portugal. Greece's stock exchange was closed for a national holiday. All 17 markets were closed Monday for Easter.
Germany's DAX Index has fallen 2.1 percent in the past four sessions. France's CAC 40 Index has slipped 1.1 percent and the U.K.'s FTSE 100 Index has lost 0.5 percent.
Dollar Weakens
Reports from companies such as Volkswagen AG during the week highlighted how the weaker dollar is affecting profit. Volkswagen, Europe's largest carmaker, blamed the dollar on Thursday when it said operating profit will fall for the second straight year in 2003. The stock lost 10 percent in the past two days.
Schneider Electric, the world's largest maker of circuit breakers, has slipped 4 percent since saying Wednesday that the current exchange rate would make it ``extremely difficult'' to cut costs enough to meet its 2004 profit target.
The dollar has lost 19 percent against the euro in the past 12 months. Every 10 percent drop in the dollar cuts European company earnings by 4 percent on average, according to research from Goldman, Sachs & Co.
DaimlerChrysler AG, the fifth-largest carmaker, Michelin & Cie., Europe's biggest tiremaker, and other exporters also said the declining dollar is reducing earnings.
Royal Philips Electronics NV, Europe's largest consumer electronics maker, fell 6.1 percent this week. The company reported a 14 percent decline in sales. Sales would have risen 5 percent without currency effects, it said. Philips generates almost one-third of its revenue in the U.S.
German Forecast
Some investors are concerned that in the coming days there will be more evidence of slowing economic growth in Europe. German Chancellor Gerhard Schroeder's government may cut its forecast for growth in Europe's biggest economy for the second time in three months, according to lawmakers of his ruling coalition.
``There will be no economic recovery in the short term, and it doesn't help stocks,'' said Paolo Banfi, who helps manage the equivalent of about $658 million at Euroconsult SGR SpA.
SARS was among risks to global growth cited by the OECD, which said the disease might have a ``significant'' economic effect on some countries if it were to ``worsen and persist.''
TUI, Europe's largest travel company, fell 4.6 percent this week. Hilton Group Plc, owner of the Hilton chain outside of the U.S., sank 9.6 percent over the last two days.
AstraZeneca Surges
LVMH, the world's largest luxury-goods maker, shed 7.5 percent in the past four sessions. Travel spending represents about 30 percent of the luxury-goods industry's sales, Goldman said in a note to investors.
Health and telecommunications stocks were among the leading gainers this past week as some investors sought companies whose earnings are less susceptible to slowing economic growth.
AstraZeneca Plc, Europe's second-biggest drugmaker, surged 7.6 percent, making it the top gainer on the Stoxx 50. The company reports earnings Wednesday. Royal KPN NV, the largest Dutch phone company, rose 5.5 percent.
Bayer AG added 1.5 percent Friday, extending its gain for the week to 3.5 percent. The second-largest German drugmaker said it expects operating profit to jump more than 10 percent this year after cost cuts. First-quarter sales increased more than 4 percent to 7.3 billion euros ($8.1 billion).
Fortis Falls
Fortis, the biggest Belgian financial-services company, had the biggest decline on the Stoxx 50 this week, shedding 7 percent. The French water company Suez SA sold most of its stake in Fortis. Suez sold 50 million shares on the market and three-year bonds that must be exchanged into 70 million shares of Fortis.
BHP Billiton Plc lost 8.5 percent for the week. The world's biggest mining company said Wednesday that third-quarter oil production dropped 22 percent as reserves dwindled at older fields.
Credit Suisse Group, the biggest Swiss bank, climbed 5.3 percent Friday and 6.3 percent for the week. The company reported net income of about 650 million Swiss francs ($477 million), its first quarterly profit in a year. Revenue at its bond business rose and costs declined following job cuts.
Last Updated: April 26, 2003 04:10 EDT
By Sam Fleming
London, April 26 (Bloomberg) -- Europe's Dow Jones Stoxx 50 and 600 indexes fell for the first week in the last four as companies such as Volkswagen AG and Schneider Electric SA said the dollar's drop may crimp sales or profit this year.
TUI AG and LVMH Moet Hennessy Louis Vuitton SA slid on concern severe acute respiratory syndrome will deter tourists from booking holidays and buying luxury goods.
The Dow Jones Stoxx 50 Index fell 1.4 percent to 2289.97, taking its drop to 1.4 percent for the week. It slid Thursday and Friday after reaching a three-month high on Wednesday. The Stoxx 600 lost 1.1 percent for the week.
``We think the current rally is close to petering out,'' said Andreas Utermann, who helps manage about $700 billion at Allianz Dresdner Asset Management. He said he may start selling stocks, partly because the U.S. and European economies are ``not firing on all cylinders.''
Both the U.S. and U.K. economies expanded less than economists expected in the first quarter, reports showed Friday. The Organization for Economic Cooperation and Development cut its forecast for 2003 global economic growth on Thursday.
Benchmark indexes fell in all of the 16 Western European markets open for trading Friday except Portugal. Greece's stock exchange was closed for a national holiday. All 17 markets were closed Monday for Easter.
Germany's DAX Index has fallen 2.1 percent in the past four sessions. France's CAC 40 Index has slipped 1.1 percent and the U.K.'s FTSE 100 Index has lost 0.5 percent.
Dollar Weakens
Reports from companies such as Volkswagen AG during the week highlighted how the weaker dollar is affecting profit. Volkswagen, Europe's largest carmaker, blamed the dollar on Thursday when it said operating profit will fall for the second straight year in 2003. The stock lost 10 percent in the past two days.
Schneider Electric, the world's largest maker of circuit breakers, has slipped 4 percent since saying Wednesday that the current exchange rate would make it ``extremely difficult'' to cut costs enough to meet its 2004 profit target.
The dollar has lost 19 percent against the euro in the past 12 months. Every 10 percent drop in the dollar cuts European company earnings by 4 percent on average, according to research from Goldman, Sachs & Co.
DaimlerChrysler AG, the fifth-largest carmaker, Michelin & Cie., Europe's biggest tiremaker, and other exporters also said the declining dollar is reducing earnings.
Royal Philips Electronics NV, Europe's largest consumer electronics maker, fell 6.1 percent this week. The company reported a 14 percent decline in sales. Sales would have risen 5 percent without currency effects, it said. Philips generates almost one-third of its revenue in the U.S.
German Forecast
Some investors are concerned that in the coming days there will be more evidence of slowing economic growth in Europe. German Chancellor Gerhard Schroeder's government may cut its forecast for growth in Europe's biggest economy for the second time in three months, according to lawmakers of his ruling coalition.
``There will be no economic recovery in the short term, and it doesn't help stocks,'' said Paolo Banfi, who helps manage the equivalent of about $658 million at Euroconsult SGR SpA.
SARS was among risks to global growth cited by the OECD, which said the disease might have a ``significant'' economic effect on some countries if it were to ``worsen and persist.''
TUI, Europe's largest travel company, fell 4.6 percent this week. Hilton Group Plc, owner of the Hilton chain outside of the U.S., sank 9.6 percent over the last two days.
AstraZeneca Surges
LVMH, the world's largest luxury-goods maker, shed 7.5 percent in the past four sessions. Travel spending represents about 30 percent of the luxury-goods industry's sales, Goldman said in a note to investors.
Health and telecommunications stocks were among the leading gainers this past week as some investors sought companies whose earnings are less susceptible to slowing economic growth.
AstraZeneca Plc, Europe's second-biggest drugmaker, surged 7.6 percent, making it the top gainer on the Stoxx 50. The company reports earnings Wednesday. Royal KPN NV, the largest Dutch phone company, rose 5.5 percent.
Bayer AG added 1.5 percent Friday, extending its gain for the week to 3.5 percent. The second-largest German drugmaker said it expects operating profit to jump more than 10 percent this year after cost cuts. First-quarter sales increased more than 4 percent to 7.3 billion euros ($8.1 billion).
Fortis Falls
Fortis, the biggest Belgian financial-services company, had the biggest decline on the Stoxx 50 this week, shedding 7 percent. The French water company Suez SA sold most of its stake in Fortis. Suez sold 50 million shares on the market and three-year bonds that must be exchanged into 70 million shares of Fortis.
BHP Billiton Plc lost 8.5 percent for the week. The world's biggest mining company said Wednesday that third-quarter oil production dropped 22 percent as reserves dwindled at older fields.
Credit Suisse Group, the biggest Swiss bank, climbed 5.3 percent Friday and 6.3 percent for the week. The company reported net income of about 650 million Swiss francs ($477 million), its first quarterly profit in a year. Revenue at its bond business rose and costs declined following job cuts.
Last Updated: April 26, 2003 04:10 EDT
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Negócios: Grupo hoteleiro IHG vai despedir 800 pessoas
2003-04-26 09:54:30
O grupo hoteleiro IHG, que detém as marcas Holiday Inn, Intecontinental e Crowne Plaza, vai despedir 800 pessoas devido ao impacto da guerra no Iraque e da Síndrome Respiratória Aguda (SRA).
O grupo revelou na quinta-feira que os lucros alcançados entre Janeiro e Março de 2003 iriam ser «substancialmente mais baixos» em relação aos valores obtidos no mesmo período do ano passado e culpou o conflito iraquiano e o nova doença pela quebra.
O IHG ficou com o negócio dos hotéis da Six Continents, grupo que se dividiu em dois. No mercado correm rumores de que o IHG pode vir a ser comprado por algum dos maiores players da ramo hoteleiro a nível mundial.
Fonte: Diário Digital
2003-04-26 09:54:30
O grupo hoteleiro IHG, que detém as marcas Holiday Inn, Intecontinental e Crowne Plaza, vai despedir 800 pessoas devido ao impacto da guerra no Iraque e da Síndrome Respiratória Aguda (SRA).
O grupo revelou na quinta-feira que os lucros alcançados entre Janeiro e Março de 2003 iriam ser «substancialmente mais baixos» em relação aos valores obtidos no mesmo período do ano passado e culpou o conflito iraquiano e o nova doença pela quebra.
O IHG ficou com o negócio dos hotéis da Six Continents, grupo que se dividiu em dois. No mercado correm rumores de que o IHG pode vir a ser comprado por algum dos maiores players da ramo hoteleiro a nível mundial.
Fonte: Diário Digital
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- Localização: 4
Mercados: Petrobras vai construir nova refinaria
2003-04-26 09:37:12
A Petrobras, companhia brasileira de petróleos, anunciou na sexta-feira que vai construir uma nova refinaria no país, com capacidade para tratar 150 mil barris/dia.
O projecto poderá ser feito em parceria e a construção só deverá estar concluída depois de 2007. O seu objectivo é responder ao aumento da procura de diesel no Brasil.
Fonte: Diário Digital
2003-04-26 09:37:12
A Petrobras, companhia brasileira de petróleos, anunciou na sexta-feira que vai construir uma nova refinaria no país, com capacidade para tratar 150 mil barris/dia.
O projecto poderá ser feito em parceria e a construção só deverá estar concluída depois de 2007. O seu objectivo é responder ao aumento da procura de diesel no Brasil.
Fonte: Diário Digital
- Mensagens: 23939
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Conjuntura: Saldo comercial entre Brasil e EUA duplicou no primeiro trimestre
2003-04-26 09:27:32
O saldo comercial do Brasil com os EUA aumentou 114% no primeiro trimestre de 2003, tendo chegado aos 1,8 mil milhões de dólares, o que traduz uma subida de 19% nas exportações e uma quebra de 13% nas importações realizadas pelos brasileiros.
A Associação de Comércio Exterior do Brasil espera para 2003 um saldo positivo nas relações comerciais entre brasileiros e norte-americanos, que deverá situar-se entre os seis mil e os sete mil milhões de dólares. No ano passado, o saldo com os EUA já tinha aumentado quatro vezes em relação a 2001.
Este saldo poderia ser maior se os norte-americanos não impusessem restrições às importações do Brasil em sectores como o das carnes, sumo de laranja, açúcar e aço.
Fonte: Diário Digital
2003-04-26 09:27:32
O saldo comercial do Brasil com os EUA aumentou 114% no primeiro trimestre de 2003, tendo chegado aos 1,8 mil milhões de dólares, o que traduz uma subida de 19% nas exportações e uma quebra de 13% nas importações realizadas pelos brasileiros.
A Associação de Comércio Exterior do Brasil espera para 2003 um saldo positivo nas relações comerciais entre brasileiros e norte-americanos, que deverá situar-se entre os seis mil e os sete mil milhões de dólares. No ano passado, o saldo com os EUA já tinha aumentado quatro vezes em relação a 2001.
Este saldo poderia ser maior se os norte-americanos não impusessem restrições às importações do Brasil em sectores como o das carnes, sumo de laranja, açúcar e aço.
Fonte: Diário Digital
- Mensagens: 23939
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TMT: Telesp Celular oficializa compra da TCO
2003-04-26 09:17:20
A Telesp Celular, controlada pela Vivo, holding da Telefónica e da Portugal Telecom para as comunicações móveis no Brasil, pagou na sexta-feira a primeira parcela dos 1,5 mil milhões de reais que vai dar pela Tele Centro Oeste Participações (TCO).
O pagamento desta primeira parcela, no valor de 308,3 milhões de reais, foi efectuada 16 dias depois de a Anatel, autoridade reguladora do sector das telecomunicações no Brasil, ter aprovado o negócio.
Com a operação, a Telesp Celular passa a ser dona da TCO e da NBT, operadoras das regiões centro-Oeste e Norte do país.
Fonte: Diário Digital
Voltar
2003-04-26 09:17:20
A Telesp Celular, controlada pela Vivo, holding da Telefónica e da Portugal Telecom para as comunicações móveis no Brasil, pagou na sexta-feira a primeira parcela dos 1,5 mil milhões de reais que vai dar pela Tele Centro Oeste Participações (TCO).
O pagamento desta primeira parcela, no valor de 308,3 milhões de reais, foi efectuada 16 dias depois de a Anatel, autoridade reguladora do sector das telecomunicações no Brasil, ter aprovado o negócio.
Com a operação, a Telesp Celular passa a ser dona da TCO e da NBT, operadoras das regiões centro-Oeste e Norte do país.
Fonte: Diário Digital
Voltar
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Negócios: Murteira Nabo quer promover incremento do PIB em 2%
2003-04-25 20:31:46
Murteira Nabo - o presidente da Cotec Portugal - quer acrescentar 2% ao Produto Interno Bruto (PIB) português com a criação da Associação Empresarial para a Inovação, segundo foi publicado esta sexta-feira no Expresso.
Em declarações ao jornal semanário, o ex-presidente da PT defende que o novo organismo «não terá atingido so seus objectivos» se não conseguir criar projectos inovadores capazes de aumentar o PIB nacional entre 1% e 2% até 2006.
Associação Empresarial para a Inovação - conhecida como Cotec Portugal - será oficialmente criada pelo Presidente da República, Jorge Sampaio, a 30 de Maio, integrando cerca de 120 empresas nacionais interessadas na inovação do tecido produtivo nacional.
Uma das primeiras acções deste organismo é a assinatura de um acordo com as congéneres espanhola e italiana, de forma a criar uma «holding virtual» - a Cotec Europa - com o objectivo de chamar a atenção de Bruxelas.
Fonte: Diário Digital
2003-04-25 20:31:46
Murteira Nabo - o presidente da Cotec Portugal - quer acrescentar 2% ao Produto Interno Bruto (PIB) português com a criação da Associação Empresarial para a Inovação, segundo foi publicado esta sexta-feira no Expresso.
Em declarações ao jornal semanário, o ex-presidente da PT defende que o novo organismo «não terá atingido so seus objectivos» se não conseguir criar projectos inovadores capazes de aumentar o PIB nacional entre 1% e 2% até 2006.
Associação Empresarial para a Inovação - conhecida como Cotec Portugal - será oficialmente criada pelo Presidente da República, Jorge Sampaio, a 30 de Maio, integrando cerca de 120 empresas nacionais interessadas na inovação do tecido produtivo nacional.
Uma das primeiras acções deste organismo é a assinatura de um acordo com as congéneres espanhola e italiana, de forma a criar uma «holding virtual» - a Cotec Europa - com o objectivo de chamar a atenção de Bruxelas.
Fonte: Diário Digital
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Margem de lucro dos supermercados brasileiros desce para 1,7%
25-4-2003 20:12
A margem de lucro dos supermercados brasileiros desceu para 1,7 por cento, em 2002, face aos dois por cento do ano anterior, revelou a Abras - Associação Brasileira de Supermercados.
A diminuição da margem deve-se ao aumento da concorrência e do peso das tarifas públicas sobre o sector.
A facturação cresceu 1,5 por cento, em termos reais, para 73,6 mil milhões de reais, graças ao aumento da oferta de produtos e serviços e das facilidades de pagamento. O crédito correspondeu a quase metade do total das vendas.
BolsaPt.com
25-4-2003 20:12
A margem de lucro dos supermercados brasileiros desceu para 1,7 por cento, em 2002, face aos dois por cento do ano anterior, revelou a Abras - Associação Brasileira de Supermercados.
A diminuição da margem deve-se ao aumento da concorrência e do peso das tarifas públicas sobre o sector.
A facturação cresceu 1,5 por cento, em termos reais, para 73,6 mil milhões de reais, graças ao aumento da oferta de produtos e serviços e das facilidades de pagamento. O crédito correspondeu a quase metade do total das vendas.
BolsaPt.com
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Notícias de Fim de Semana - 26 e 27 de Abril de 2003
Dados económicos penalizam fecho de Nova Iorque
25-4-2003 21:9
Os fracos dados acerca da economia penalizaram as bolsas de Nova Iorque nesta sexta-feira. O Dow Jones desceu 1,58 por cento para 8.306,35 pontos e o Nasdaq Composite desvalorizou 1,56 por cento para 1.434,54 pontos.
O Produto Interno Bruto cresceu apenas 1,6 por cento, no primeiro trimestre, menos do que os 2,1 por cento esperados pelos analistas. O investimento das empresas desceu 4,2 por cento, depois de ter subido no trimestre anterior. O consumo aumentou 1,4 por cento, incidindo sobretudo em bens não duradouros.
Os investidores relegaram para segundo plano a subida do índice de confiança do consumidor elaborado pela Universidade do Michigan e das vendas de casas novas. A confiança do consumidor subiu para 86,0, face aos 84,7 pontos esperados. As tensões em torno do programa de armas nucleares da Coreia do Norte e a expansão da síndrome respiratória aguda pesaram mais no sentimento.
O sector tabaqueiro foi penalizado por um profit warning da RJ Reynolds, que perdeu 17,6 por cento. A Altria desceu 5,7 por cento.
A General Motors cedeu 2,8 por cento, depois do UBS Warburg ter reduzido a recomendação para o título para “neutral”.
O ‘downgrade’ efectuado pela Salomon Smith Barney sobre o sector de semicondutores penalizou a Intel em 3,5 por cento.
BolsaPt.com
25-4-2003 21:9
Os fracos dados acerca da economia penalizaram as bolsas de Nova Iorque nesta sexta-feira. O Dow Jones desceu 1,58 por cento para 8.306,35 pontos e o Nasdaq Composite desvalorizou 1,56 por cento para 1.434,54 pontos.
O Produto Interno Bruto cresceu apenas 1,6 por cento, no primeiro trimestre, menos do que os 2,1 por cento esperados pelos analistas. O investimento das empresas desceu 4,2 por cento, depois de ter subido no trimestre anterior. O consumo aumentou 1,4 por cento, incidindo sobretudo em bens não duradouros.
Os investidores relegaram para segundo plano a subida do índice de confiança do consumidor elaborado pela Universidade do Michigan e das vendas de casas novas. A confiança do consumidor subiu para 86,0, face aos 84,7 pontos esperados. As tensões em torno do programa de armas nucleares da Coreia do Norte e a expansão da síndrome respiratória aguda pesaram mais no sentimento.
O sector tabaqueiro foi penalizado por um profit warning da RJ Reynolds, que perdeu 17,6 por cento. A Altria desceu 5,7 por cento.
A General Motors cedeu 2,8 por cento, depois do UBS Warburg ter reduzido a recomendação para o título para “neutral”.
O ‘downgrade’ efectuado pela Salomon Smith Barney sobre o sector de semicondutores penalizou a Intel em 3,5 por cento.
BolsaPt.com
Editado pela última vez por TRSM em 28/4/2003 7:55, num total de 1 vez.
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