Noticias de Fim de Semana - 1 e 2 de Março de 2003
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Digging trenches
A war-weary market looks to get wearier in the week ahead.
March 1, 2003: 7:12 PM EST
By Justin Lahart, CNN/Money Staff Writer
NEW YORK (CNN/Money) - On Wall Street, as in the whole of America, there are deep divisions over how Iraq should be dealt with.
Some think that the time to act is now, that it is the just and moral thing to do. Others would like to see more time given to the inspection process, believing that the chance for peaceful resolution remains -- and that, if it does come to war, it would be better for the United States to have strong global backing. Then there are others (ex-military types, mainly) who feel that politics and morality aside, the United States must move in quickly. Saddam Hussein has begun to move his troops, and they fear further delay could make the battle for Baghdad look like the Siege of Stalingrad.
But Wall Streeters are united on one front -- their complete exasperation with the Iraq situation and their hope that, however it gets resolved (most bets are still on war), it starts getting resolved quickly.
"I just want it to be over with so I can get back to focusing on the market, rather than trying to analyze the unanalyzable every day," said Brett Gallagher, head of U.S. equities at Julius Baer. "Every day there are these little whispers and rumors but nothing really changes."
Anticipation
Alas, Gallagher and the rest of us look to be in for another week of treading water and wondering where landfall is. (Click here for a lineup of key events in the coming week.) Saturday, U.N. chief weapons inspector Hans Blix gave yet another report to the Security Council laying out steps and actions that Iraq can take to resolve disarmament issues -- a series of tick marks that Iraq would have to fill to get a passing grade -- and say that Iraq's disarmament actions so far "have been very limited."
But the diplomatic sclerosis that has afflicted the United Nations Security Council likely means that Blix's report will do little to sway the opinion of either the United States or the French factions. The final showdown before the showdown looks like it won't come until Friday, when the United States wants the Security Council to vote on a U.N. resolution authorizing force against Iraq. So far, the United States appears to lack the votes it needs, and in any case Russia -- which, as one of the five permanent Security Council members, has veto power -- has suggested that it will block any resolution that could lead quickly to military conflict with Iraq.
The body language out of the United States and Britain is that if a resolution doesn't pass, they'll head into Iraq without U.N. backing. Indeed, among investors there's basically no discussion of whether conflict comes, but rather what the market will do when the first shots are fired.
The prevailing view is that when war begins, stocks will rally. But then you get people who think that, because everyone expects a rally, there will be a big raft of stocks for sale on that first move up -- which means that maybe there will be selling. And then you get people who say that, because that second opinion exists, maybe a rally will come ... The logic all gets circular fairly quickly.
Assuming that all the various talking-head military analysts are right about the war going well, and assuming the prevailing opinion on the rally is right (and assuming you ignore that stuff your mom told you about what "assume" stands for), the next question is how long a rally could last.
Not very, thinks Gallagher, because there simply isn't enough money on hand to send stocks meaningfully higher. Back in 1991 when the first Gulf War began, mutual funds had more than 11 percent of their assets in cash. They put that cash to work when it became clear that the war would go much better than the various talking head military analysts of the time were predicting, and that was one of the reasons for the big rally that ensued. Now just 4.4 percent of mutual fund assets are in cash and cash equivalents -- not a lot of firepower.
But what about all that individual-investor money on the sidelines, like the $2.29 trillion that's sitting in money market funds?
"Right, like my mom and dad are sitting ready there to dial up Schwab and buy when we invade," Gallagher said. "That's ridiculous. Individual investors have had it -- they're not going to play the day-trading game."
So vain
If there is solace to be had, it may be in the economic data. Two key reports -- the Institute for Supply Management's report on manufacturing and the monthly employment report -- brace the coming week.
They will both likely indicate the economy was softer in February than in January, but not so bad as one might have expected just a couple of weeks ago. A number of recent reports set economists busily upgrading their forecasts, said Deutsche Bank chief economist Cary Leahey. He expects the ISM number to show just a small decline, and the unemployment rate to stay at 5.7 percent (the consensus expects 5.8 percent). The jobs report could be a little flukey, he warned, because the calling up of reservists has depleted the workforce.
"It's still a glass half-full/half-empty story," he said. "The worst fears aren't in the numbers, but there are disquieting signals. If consumers fold up there tents before, during or after a war with Iraq, you could have the long-awaited double dip."
Key events in the week ahead
Personal income and spending figures for March get released Monday. Economists surveyed by Briefing.com think income grew by 0.4 percent in January, in line with December's gain, but that spending grew by just 0.2 percent versus December's 0.9 percent.
The Institute for Supply Management releases its Purchasing Managers' Index Monday. Economists think the index logged in at 52 for February versus January's 53.9. Any number over 50 signals expansion in the manufacturing economy.
Throughout the day Monday auto makers will be releasing February sales figures.
January construction spending figures out on Monday are expected to show a 0.4 percent gain versus December's 1.2 percent.
Wednesday, the Institute for Supply Management releases its services index. Although economists gripe that it is badly constructed and lacks sufficient history, traders recognize it as one of the few leading indicators of the service economy they have. The forecast is for the index to come in at 53 for February versus January's 54.5.
The Fed's Beige Book, an anecdotal look at the economy put together by the regional Federal Reserve Banks, comes out Wednesday afternoon.
The European Central Bank meets Thursday. Recent comments from officials make traders think it will cut Europe's key overnight rate.
Factory orders for January are due out Thursday. Economists expect they gained 0.4 percent for the month, in line with December's gain.
Friday brings the jobs report. Economists expect the unemployment rate crept up to 5.8 percent in February from 5.7 percent in January and that 20.000 jobs were added versus January's 143,000 job gain.
A war-weary market looks to get wearier in the week ahead.
March 1, 2003: 7:12 PM EST
By Justin Lahart, CNN/Money Staff Writer
NEW YORK (CNN/Money) - On Wall Street, as in the whole of America, there are deep divisions over how Iraq should be dealt with.
Some think that the time to act is now, that it is the just and moral thing to do. Others would like to see more time given to the inspection process, believing that the chance for peaceful resolution remains -- and that, if it does come to war, it would be better for the United States to have strong global backing. Then there are others (ex-military types, mainly) who feel that politics and morality aside, the United States must move in quickly. Saddam Hussein has begun to move his troops, and they fear further delay could make the battle for Baghdad look like the Siege of Stalingrad.
But Wall Streeters are united on one front -- their complete exasperation with the Iraq situation and their hope that, however it gets resolved (most bets are still on war), it starts getting resolved quickly.
"I just want it to be over with so I can get back to focusing on the market, rather than trying to analyze the unanalyzable every day," said Brett Gallagher, head of U.S. equities at Julius Baer. "Every day there are these little whispers and rumors but nothing really changes."
Anticipation
Alas, Gallagher and the rest of us look to be in for another week of treading water and wondering where landfall is. (Click here for a lineup of key events in the coming week.) Saturday, U.N. chief weapons inspector Hans Blix gave yet another report to the Security Council laying out steps and actions that Iraq can take to resolve disarmament issues -- a series of tick marks that Iraq would have to fill to get a passing grade -- and say that Iraq's disarmament actions so far "have been very limited."
But the diplomatic sclerosis that has afflicted the United Nations Security Council likely means that Blix's report will do little to sway the opinion of either the United States or the French factions. The final showdown before the showdown looks like it won't come until Friday, when the United States wants the Security Council to vote on a U.N. resolution authorizing force against Iraq. So far, the United States appears to lack the votes it needs, and in any case Russia -- which, as one of the five permanent Security Council members, has veto power -- has suggested that it will block any resolution that could lead quickly to military conflict with Iraq.
The body language out of the United States and Britain is that if a resolution doesn't pass, they'll head into Iraq without U.N. backing. Indeed, among investors there's basically no discussion of whether conflict comes, but rather what the market will do when the first shots are fired.
The prevailing view is that when war begins, stocks will rally. But then you get people who think that, because everyone expects a rally, there will be a big raft of stocks for sale on that first move up -- which means that maybe there will be selling. And then you get people who say that, because that second opinion exists, maybe a rally will come ... The logic all gets circular fairly quickly.
Assuming that all the various talking-head military analysts are right about the war going well, and assuming the prevailing opinion on the rally is right (and assuming you ignore that stuff your mom told you about what "assume" stands for), the next question is how long a rally could last.
Not very, thinks Gallagher, because there simply isn't enough money on hand to send stocks meaningfully higher. Back in 1991 when the first Gulf War began, mutual funds had more than 11 percent of their assets in cash. They put that cash to work when it became clear that the war would go much better than the various talking head military analysts of the time were predicting, and that was one of the reasons for the big rally that ensued. Now just 4.4 percent of mutual fund assets are in cash and cash equivalents -- not a lot of firepower.
But what about all that individual-investor money on the sidelines, like the $2.29 trillion that's sitting in money market funds?
"Right, like my mom and dad are sitting ready there to dial up Schwab and buy when we invade," Gallagher said. "That's ridiculous. Individual investors have had it -- they're not going to play the day-trading game."
So vain
If there is solace to be had, it may be in the economic data. Two key reports -- the Institute for Supply Management's report on manufacturing and the monthly employment report -- brace the coming week.
They will both likely indicate the economy was softer in February than in January, but not so bad as one might have expected just a couple of weeks ago. A number of recent reports set economists busily upgrading their forecasts, said Deutsche Bank chief economist Cary Leahey. He expects the ISM number to show just a small decline, and the unemployment rate to stay at 5.7 percent (the consensus expects 5.8 percent). The jobs report could be a little flukey, he warned, because the calling up of reservists has depleted the workforce.
"It's still a glass half-full/half-empty story," he said. "The worst fears aren't in the numbers, but there are disquieting signals. If consumers fold up there tents before, during or after a war with Iraq, you could have the long-awaited double dip."
Key events in the week ahead
Personal income and spending figures for March get released Monday. Economists surveyed by Briefing.com think income grew by 0.4 percent in January, in line with December's gain, but that spending grew by just 0.2 percent versus December's 0.9 percent.
The Institute for Supply Management releases its Purchasing Managers' Index Monday. Economists think the index logged in at 52 for February versus January's 53.9. Any number over 50 signals expansion in the manufacturing economy.
Throughout the day Monday auto makers will be releasing February sales figures.
January construction spending figures out on Monday are expected to show a 0.4 percent gain versus December's 1.2 percent.
Wednesday, the Institute for Supply Management releases its services index. Although economists gripe that it is badly constructed and lacks sufficient history, traders recognize it as one of the few leading indicators of the service economy they have. The forecast is for the index to come in at 53 for February versus January's 54.5.
The Fed's Beige Book, an anecdotal look at the economy put together by the regional Federal Reserve Banks, comes out Wednesday afternoon.
The European Central Bank meets Thursday. Recent comments from officials make traders think it will cut Europe's key overnight rate.
Factory orders for January are due out Thursday. Economists expect they gained 0.4 percent for the month, in line with December's gain.
Friday brings the jobs report. Economists expect the unemployment rate crept up to 5.8 percent in February from 5.7 percent in January and that 20.000 jobs were added versus January's 143,000 job gain.
- Mensagens: 23939
- Registado: 5/11/2002 11:30
- Localização: 4
DJ UN Ambassador To Iraq Says Saddam Won't Resign
SHARM EL-SHEIK, Egypt (AP)--Iraq's U.N. ambassador said Saturday that Iraqi
President Saddam Hussein will not step down.
In the first Baghdad reaction since the leadership of United Arab Emirates
called for Saddam to step down, Mohammed Al-Douri, said Saddam will not resign.
Speaking to the Cable News Network, Al-Douri repeated the position that there
was no chance Saddam might resign.
The United Arab Emirates on Saturday called for Saddam Hussein to step down
to spare the region war, the first Arab country to do so publicly.
Sheik Zayed bin Sultan Al Nahyan, president of the Gulf nation, submitted his
proposal at an Arab League summit urging Saddam and the rest of his leadership
to give up power in exchange for immunity from prosecution.
(END) Dow Jones Newswires
01-03-03 1714GMT(AP-DJ-03-01-03 1714GMT)
Mar-01-2003 17:14 GMT
Source DJBK Dow Jones Bankers Wire
Categories:
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N/FXW N/IPR N/WER N/DJWI N/GEN N/PET N/UKMR N/UNN M/NND P/APNY R/AF R/ARA
R/EC R/EG R/EU R/IZ R/ML R/NME R/TC R/UK R/US R/WEU MST/G/EXE MST/B/BRK
MST/N/PET MST/R/AFR MST/R/EU MST/R/EG MST/R/EUR MST/R/IQ MST/R/MID MST/R/NME
MST/R/GB MST/R/US
SHARM EL-SHEIK, Egypt (AP)--Iraq's U.N. ambassador said Saturday that Iraqi
President Saddam Hussein will not step down.
In the first Baghdad reaction since the leadership of United Arab Emirates
called for Saddam to step down, Mohammed Al-Douri, said Saddam will not resign.
Speaking to the Cable News Network, Al-Douri repeated the position that there
was no chance Saddam might resign.
The United Arab Emirates on Saturday called for Saddam Hussein to step down
to spare the region war, the first Arab country to do so publicly.
Sheik Zayed bin Sultan Al Nahyan, president of the Gulf nation, submitted his
proposal at an Arab League summit urging Saddam and the rest of his leadership
to give up power in exchange for immunity from prosecution.
(END) Dow Jones Newswires
01-03-03 1714GMT(AP-DJ-03-01-03 1714GMT)
Mar-01-2003 17:14 GMT
Source DJBK Dow Jones Bankers Wire
Categories:
G/EXE G/USG N/BKG N/CMDI N/DJG7 N/DJI N/DJIV N/DJMO N/DOI N/ECR N/EWR
N/FXW N/IPR N/WER N/DJWI N/GEN N/PET N/UKMR N/UNN M/NND P/APNY R/AF R/ARA
R/EC R/EG R/EU R/IZ R/ML R/NME R/TC R/UK R/US R/WEU MST/G/EXE MST/B/BRK
MST/N/PET MST/R/AFR MST/R/EU MST/R/EG MST/R/EUR MST/R/IQ MST/R/MID MST/R/NME
MST/R/GB MST/R/US
- Mensagens: 23939
- Registado: 5/11/2002 11:30
- Localização: 4
DJ UN/Iraqi -2: To Destroy Remaining Missiles Within Weeks
BAGHDAD (AP)--U.N. inspectors confirmed Saturday that Iraq had begun
destroying its Al Samoud 2 missiles and had agreed to a timetable to scrap the
rest of them within a matter of weeks.
U.N. spokesman Hiro Ueki said the procedure began Saturday afternoon under
U.N. supervision. Deputy chief inspector Demetrius Perricos said at least one
missile was completely destroyed but the process was going slower than expected
because the rockets were so sturdy.
Perricos also said other interviews with Iraqi scientists were underway
Saturday although he gave no further details.
The destruction of the missiles and the interviews with scientists were
further signs that Iraq is scrambling to show cooperation with the U.N.
disarmament program to stave off an American attack.
(END) Dow Jones Newswires
01-03-03 1633GMT(AP-DJ-03-01-03 1633GMT)
Mar-01-2003 16:33 GMT
Source DJBK Dow Jones Bankers Wire
Categories:
HOT N/BKG N/CMDI N/DJG7 N/DJI N/DJIV N/DJMO N/DOI N/ECR N/EWR N/FXW
N/IPR N/WER N/DJEN N/DJWI N/GEN N/HOT N/PET N/UKMR N/UNN M/NND P/APNY R/EC
R/EU R/IZ R/ML R/NME R/UK R/US R/WEU MST/HOT MST/B/BRK MST/N/PET MST/R/EU
MST/R/EUR MST/R/IQ MST/R/MID MST/R/NME MST/R/GB MST/R/US
BAGHDAD (AP)--U.N. inspectors confirmed Saturday that Iraq had begun
destroying its Al Samoud 2 missiles and had agreed to a timetable to scrap the
rest of them within a matter of weeks.
U.N. spokesman Hiro Ueki said the procedure began Saturday afternoon under
U.N. supervision. Deputy chief inspector Demetrius Perricos said at least one
missile was completely destroyed but the process was going slower than expected
because the rockets were so sturdy.
Perricos also said other interviews with Iraqi scientists were underway
Saturday although he gave no further details.
The destruction of the missiles and the interviews with scientists were
further signs that Iraq is scrambling to show cooperation with the U.N.
disarmament program to stave off an American attack.
(END) Dow Jones Newswires
01-03-03 1633GMT(AP-DJ-03-01-03 1633GMT)
Mar-01-2003 16:33 GMT
Source DJBK Dow Jones Bankers Wire
Categories:
HOT N/BKG N/CMDI N/DJG7 N/DJI N/DJIV N/DJMO N/DOI N/ECR N/EWR N/FXW
N/IPR N/WER N/DJEN N/DJWI N/GEN N/HOT N/PET N/UKMR N/UNN M/NND P/APNY R/EC
R/EU R/IZ R/ML R/NME R/UK R/US R/WEU MST/HOT MST/B/BRK MST/N/PET MST/R/EU
MST/R/EUR MST/R/IQ MST/R/MID MST/R/NME MST/R/GB MST/R/US
- Mensagens: 23939
- Registado: 5/11/2002 11:30
- Localização: 4
DJ Powell: US Giving UN Weapons Inspectors In Iraq More Time
PARIS (AP)--U.S. Secretary of State Colin Powell said in a radio interview
aired Saturday that the United States is giving more time to weapons inspectors
in Iraq and that a U.S-backed resolution paving the way for military action will
not be voted on immediately.
Powell also said that the United States intent was not to "remodel" the Middle
East.
The United States, along with Britain and Spain, has sponsored a U.N.
resolution paving the way for military action against Iraq for failing to rid
itself of weapons of mass destruction.
France - which has veto power at the U.N. Security Council - is strongly
opposed to the resolution, and has taken the lead among nations seeking to give
U.N. weapons inspectors in Iraq more time and better means to do their job.
Paris, along with Germany and Russia, has proposed bolstered measures for
inspectors within the current Resolution 1441 that set the inspections process
in motion.
"We have not yet asked for a vote (on the second resolution) because we're
still looking for a peaceful solution," Powell told RFI. His comments, made on
Friday and aired here Saturday, were dubbed in French.
"We are giving the inspections process more time, as many have asked for," he
said. "But in the end, one must conclude we can't go on very long like that."
Powell said he was in "complete disagreement" with French Foreign Minister
Dominique de Villepin who recently suggested that Washington might be seeking
the "remodeling" of the Middle East by deposing Iraqi President Saddam Hussein.
Powell reiterated that there was but one objective to Resolution 1441 -
disarming Iraq.
"I must nevertheless say that if we are incapable of forcing Iraq to respect
its commitments, military action becomes necessary to topple this regime and
destroy arms of mass destruction."
The U.S. secretary of state added: "It's clear for me that a new regime would
better respond to the aspirations of Iraqis. This new regime will live in peace
with its neighbors. Perhaps that would help the entire region to find peace,
stability and prosperity."
Powell concluded by saying that "the idea that we do this to remodel all the
states of the Middle East is not correct and I think that Mr. de Villepin is
wrong."
France has not rejected the idea of military action against Iraq but says such
a move can only be decided after peaceful options to achieve disarmament have
been exhausted.
(END) Dow Jones Newswires
01-03-03 1317GMT(AP-DJ-03-01-03 1317GMT)
Mar-01-2003 13:17 GMT
Source DJBK Dow Jones Bankers Wire
Categories:
G/EXE G/USG N/BKG N/CMDI N/DJG7 N/DJI N/DJIV N/DJMO N/DOI N/ECR N/EWR
N/FXW N/IPR N/WER N/DJWI N/GEN N/PET N/UKMR M/NND P/APNY R/EC R/EU R/IZ
R/ML R/NME R/SP R/UK R/US R/WEU MST/G/EXE MST/B/BRK MST/N/PET MST/R/EU
MST/R/EUR MST/R/IQ MST/R/MID MST/R/NME MST/R/ES MST/R/GB MST/R/US
PARIS (AP)--U.S. Secretary of State Colin Powell said in a radio interview
aired Saturday that the United States is giving more time to weapons inspectors
in Iraq and that a U.S-backed resolution paving the way for military action will
not be voted on immediately.
Powell also said that the United States intent was not to "remodel" the Middle
East.
The United States, along with Britain and Spain, has sponsored a U.N.
resolution paving the way for military action against Iraq for failing to rid
itself of weapons of mass destruction.
France - which has veto power at the U.N. Security Council - is strongly
opposed to the resolution, and has taken the lead among nations seeking to give
U.N. weapons inspectors in Iraq more time and better means to do their job.
Paris, along with Germany and Russia, has proposed bolstered measures for
inspectors within the current Resolution 1441 that set the inspections process
in motion.
"We have not yet asked for a vote (on the second resolution) because we're
still looking for a peaceful solution," Powell told RFI. His comments, made on
Friday and aired here Saturday, were dubbed in French.
"We are giving the inspections process more time, as many have asked for," he
said. "But in the end, one must conclude we can't go on very long like that."
Powell said he was in "complete disagreement" with French Foreign Minister
Dominique de Villepin who recently suggested that Washington might be seeking
the "remodeling" of the Middle East by deposing Iraqi President Saddam Hussein.
Powell reiterated that there was but one objective to Resolution 1441 -
disarming Iraq.
"I must nevertheless say that if we are incapable of forcing Iraq to respect
its commitments, military action becomes necessary to topple this regime and
destroy arms of mass destruction."
The U.S. secretary of state added: "It's clear for me that a new regime would
better respond to the aspirations of Iraqis. This new regime will live in peace
with its neighbors. Perhaps that would help the entire region to find peace,
stability and prosperity."
Powell concluded by saying that "the idea that we do this to remodel all the
states of the Middle East is not correct and I think that Mr. de Villepin is
wrong."
France has not rejected the idea of military action against Iraq but says such
a move can only be decided after peaceful options to achieve disarmament have
been exhausted.
(END) Dow Jones Newswires
01-03-03 1317GMT(AP-DJ-03-01-03 1317GMT)
Mar-01-2003 13:17 GMT
Source DJBK Dow Jones Bankers Wire
Categories:
G/EXE G/USG N/BKG N/CMDI N/DJG7 N/DJI N/DJIV N/DJMO N/DOI N/ECR N/EWR
N/FXW N/IPR N/WER N/DJWI N/GEN N/PET N/UKMR M/NND P/APNY R/EC R/EU R/IZ
R/ML R/NME R/SP R/UK R/US R/WEU MST/G/EXE MST/B/BRK MST/N/PET MST/R/EU
MST/R/EUR MST/R/IQ MST/R/MID MST/R/NME MST/R/ES MST/R/GB MST/R/US
- Mensagens: 23939
- Registado: 5/11/2002 11:30
- Localização: 4
DJ Russia Reiterates Opposition To War In Iraq
MOSCOW (AP)--Russian officials kept up their drumbeat of opposition to war in
Iraq on Saturday, with a top diplomat asserting that Baghdad is cooperating
actively with weapons inspectors and saying Moscow sees no reason at this point
to adopt a new U.S.-backed resolution that would authorize military action.
A decision to launch a war would stand in sharp contrast to the "real
situation and Baghdad's active cooperation with U.N. inspectors," the ITAR-Tass
news agency quoted Deputy Foreign Minister Yuri Fedotov as saying. "We, as
before, do not see the need for a decision on the use of force against Baghdad."
On Friday, Foreign Minister Igor Ivanov said Russia would veto the U.S.-backed
resolution if needed to preserve "international stability."
Speaking after U.N. weapons inspectors said they had resumed interviews with
Iraqi scientists, Fedotov praised Baghdad for its promise to begin destroying
its Al Samoud missiles and said Iraq "is giving the international inspectors new
documents and materials," according to ITAR-Tass.
Russia has seized on the missile promise as an indication Iraq is heeding U.N.
demands. But Fedotov also said Iraq should strengthen its cooperation, leaving
room -as President Vladimir Putin and other officials have -for a change in the
Russian position if there is a shift in the attitudes of other countries that
oppose war.
"It is necessary for the United Nations to continue inspections, reinforce and
strengthen them, and for Iraq to work more actively with the inspectors," he
said.
Russia has long argued for a political solution to the Iraq crisis, and has
lent its backing to a German and French proposal that calls for prolonging the
inspections for at least four months, but many analysts say Russia does not want
to risk a serious break in ties with the United States over Iraq by vetoing the
U.S.-backed resolution.
In an interview with Bulgarian television and a Russian newspaper that the
Kremlin said was conducted Thursday, Putin said he hopes the Iraq crisis can be
resolved without harming the anti-terror coalition -which Russia joined when
Putin pledged support to the United States shortly after the Sept. 11, 2001
attacks.
"I would like to hope that the basic principles of international law will be
followed by all participants of the international community," he said. "And on
this basis we can find decisions that are acceptable to all without bring
matters to a split not only in the international community but also the
antiterrorist coalition."
However, Putin also he does not fear that Moscow's opposition to the use of
force will leave it isolated.
"Today, Russia's position on Iraq is supported by an overwhelming majority of
U.N. members, a majority of U.N. Security Council members and a majority of its
permanent members," Putin said in the interview, parts of which were shown on
Russian television Friday and Saturday.
"What we need to be concerned with now is solving this problem with acceptable
methods," said.
(END) Dow Jones Newswires
01-03-03 1155GMT(AP-DJ-03-01-03 1155GMT)
Mar-01-2003 11:55 GMT
Source DJBK Dow Jones Bankers Wire
Categories:
N/BKG N/CMDI N/DJG7 N/DJI N/DJIV N/DJMO N/DOI N/ECR N/EWR N/FXW N/IPR
N/WER N/DJWI N/GEN N/PET N/UNN M/NND P/APNY R/ASI R/EEU R/EU R/FE R/FEO
R/IZ R/ML R/NME R/RS R/UR R/US MST/B/BRK MST/N/PET MST/R/ASI MST/R/EEU
MST/R/EUR MST/R/IQ MST/R/MID MST/R/NME MST/R/RU MST/R/CIS MST/R/US
MOSCOW (AP)--Russian officials kept up their drumbeat of opposition to war in
Iraq on Saturday, with a top diplomat asserting that Baghdad is cooperating
actively with weapons inspectors and saying Moscow sees no reason at this point
to adopt a new U.S.-backed resolution that would authorize military action.
A decision to launch a war would stand in sharp contrast to the "real
situation and Baghdad's active cooperation with U.N. inspectors," the ITAR-Tass
news agency quoted Deputy Foreign Minister Yuri Fedotov as saying. "We, as
before, do not see the need for a decision on the use of force against Baghdad."
On Friday, Foreign Minister Igor Ivanov said Russia would veto the U.S.-backed
resolution if needed to preserve "international stability."
Speaking after U.N. weapons inspectors said they had resumed interviews with
Iraqi scientists, Fedotov praised Baghdad for its promise to begin destroying
its Al Samoud missiles and said Iraq "is giving the international inspectors new
documents and materials," according to ITAR-Tass.
Russia has seized on the missile promise as an indication Iraq is heeding U.N.
demands. But Fedotov also said Iraq should strengthen its cooperation, leaving
room -as President Vladimir Putin and other officials have -for a change in the
Russian position if there is a shift in the attitudes of other countries that
oppose war.
"It is necessary for the United Nations to continue inspections, reinforce and
strengthen them, and for Iraq to work more actively with the inspectors," he
said.
Russia has long argued for a political solution to the Iraq crisis, and has
lent its backing to a German and French proposal that calls for prolonging the
inspections for at least four months, but many analysts say Russia does not want
to risk a serious break in ties with the United States over Iraq by vetoing the
U.S.-backed resolution.
In an interview with Bulgarian television and a Russian newspaper that the
Kremlin said was conducted Thursday, Putin said he hopes the Iraq crisis can be
resolved without harming the anti-terror coalition -which Russia joined when
Putin pledged support to the United States shortly after the Sept. 11, 2001
attacks.
"I would like to hope that the basic principles of international law will be
followed by all participants of the international community," he said. "And on
this basis we can find decisions that are acceptable to all without bring
matters to a split not only in the international community but also the
antiterrorist coalition."
However, Putin also he does not fear that Moscow's opposition to the use of
force will leave it isolated.
"Today, Russia's position on Iraq is supported by an overwhelming majority of
U.N. members, a majority of U.N. Security Council members and a majority of its
permanent members," Putin said in the interview, parts of which were shown on
Russian television Friday and Saturday.
"What we need to be concerned with now is solving this problem with acceptable
methods," said.
(END) Dow Jones Newswires
01-03-03 1155GMT(AP-DJ-03-01-03 1155GMT)
Mar-01-2003 11:55 GMT
Source DJBK Dow Jones Bankers Wire
Categories:
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N/WER N/DJWI N/GEN N/PET N/UNN M/NND P/APNY R/ASI R/EEU R/EU R/FE R/FEO
R/IZ R/ML R/NME R/RS R/UR R/US MST/B/BRK MST/N/PET MST/R/ASI MST/R/EEU
MST/R/EUR MST/R/IQ MST/R/MID MST/R/NME MST/R/RU MST/R/CIS MST/R/US
- Mensagens: 23939
- Registado: 5/11/2002 11:30
- Localização: 4
DJ North Korea Says It's Ready For War With The US
SEOUL (AP)--North Korea said Saturday that it's ready for war with the U.S.,
accusing the U.S. military of planning massive war games in the following weeks
to prepare to attack the communist state.
"These unceasing U.S. war drills drive the situation on the Korean Peninsula
to such a dangerous pitch of tension that a nuclear war may break out on it any
moment," said North Korea's official news agency, KCNA.
"The DPRK is keeping itself fully ready to repel the U.S. military attack,"
said KCNA, which was monitored in Seoul. DPRK is short for the Democratic
People's Republic of Korea, the communist country's official name.
North Korea will take "a self-defensive measure when it thinks that the U.S.
pre-emptive attack is imminent," the news report said.
"In that case the measure will involve combat means as strong as those
mobilized by the U.S.," it added. "The people and the People's Army of the DPRK
will certainly wipe out the aggressors with the might of single-hearted unity."
The dispatch didn't elaborate.
Washington has repeatedly said it has no plans to invade the communist
country.
Tensions have run high since October, when the United States said North Korea
admitted having a secret nuclear weapons program.
The U.S. military regularly conducts exercises with the South Korean military.
One of the annual exercises - called "Reception, Staging, Onward Movement and
Integration" -will take place March 19-26. A second exercise -called "Foal
Eagle" - is scheduled for March 4-April 2.
The U.S. military command in Seoul said the joint drills are
"defense-oriented" and aren't related to the dispute over North Korea's nuclear
programs.
(END) Dow Jones Newswires
01-03-03 1118GMT(AP-DJ-03-01-03 1118GMT)
Mar-01-2003 11:18 GMT
Source DJBK Dow Jones Bankers Wire
Categories:
G/DEF G/USG N/BKG N/CMDI N/DJG7 N/DJI N/DJIV N/DJMO N/DOI N/EWR N/FXW
N/IPR N/WER N/DJWI N/GEN N/MLT N/NJR M/NND P/APNY R/ASI R/CH R/FE R/FEO
R/JA R/KN R/NME R/PRM R/SK R/US MST/G/DEF MST/G/EXE MST/B/BRK MST/R/ASI
MST/R/CN MST/R/JP MST/R/KP MST/R/NME MST/R/PRM MST/R/KR MST/R/US
SEOUL (AP)--North Korea said Saturday that it's ready for war with the U.S.,
accusing the U.S. military of planning massive war games in the following weeks
to prepare to attack the communist state.
"These unceasing U.S. war drills drive the situation on the Korean Peninsula
to such a dangerous pitch of tension that a nuclear war may break out on it any
moment," said North Korea's official news agency, KCNA.
"The DPRK is keeping itself fully ready to repel the U.S. military attack,"
said KCNA, which was monitored in Seoul. DPRK is short for the Democratic
People's Republic of Korea, the communist country's official name.
North Korea will take "a self-defensive measure when it thinks that the U.S.
pre-emptive attack is imminent," the news report said.
"In that case the measure will involve combat means as strong as those
mobilized by the U.S.," it added. "The people and the People's Army of the DPRK
will certainly wipe out the aggressors with the might of single-hearted unity."
The dispatch didn't elaborate.
Washington has repeatedly said it has no plans to invade the communist
country.
Tensions have run high since October, when the United States said North Korea
admitted having a secret nuclear weapons program.
The U.S. military regularly conducts exercises with the South Korean military.
One of the annual exercises - called "Reception, Staging, Onward Movement and
Integration" -will take place March 19-26. A second exercise -called "Foal
Eagle" - is scheduled for March 4-April 2.
The U.S. military command in Seoul said the joint drills are
"defense-oriented" and aren't related to the dispute over North Korea's nuclear
programs.
(END) Dow Jones Newswires
01-03-03 1118GMT(AP-DJ-03-01-03 1118GMT)
Mar-01-2003 11:18 GMT
Source DJBK Dow Jones Bankers Wire
Categories:
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N/IPR N/WER N/DJWI N/GEN N/MLT N/NJR M/NND P/APNY R/ASI R/CH R/FE R/FEO
R/JA R/KN R/NME R/PRM R/SK R/US MST/G/DEF MST/G/EXE MST/B/BRK MST/R/ASI
MST/R/CN MST/R/JP MST/R/KP MST/R/NME MST/R/PRM MST/R/KR MST/R/US
- Mensagens: 23939
- Registado: 5/11/2002 11:30
- Localização: 4
DJ UAE/Saddam -2:First Arab Country To Ask Saddam To Step Dn
SHARM EL-SHEIK, Egypt (AP)--The United Arab Emirates has become the first Arab
country to make an official call for Iraqi President Saddam Hussein to step
down, submitting a proposal at an Arab League summit Saturday for Saddam and the
rest of his leadership to leave in exchange for immunity from prosecution.
The call in a letter to the summit from Sheik Zayed bin Sultan Al Nahyan,
president of the United Arab Emirates, defied long-standing resistance among
Arab leaders to meddling in each others' domestic affairs. The U.S. and many in
the region have said Saddam's resignation is the only way to avert war.
(MORE) Dow Jones Newswires
01-03-03 1117GMT(AP-DJ-03-01-03 1117GMT)
Mar-01-2003 11:17 GMT
Source DJBK Dow Jones Bankers Wire
Categories:
G/IGV N/BKG N/CMDI N/DJG7 N/DJI N/DJIV N/DJMO N/DOI N/EWR N/FXW N/IPR
N/WER N/DJWI N/GEN N/PET N/UNN M/MMR P/APNY R/AF R/ARA R/EG R/IZ R/ML R/NME
R/TC R/US MST/B/BRK MST/N/PET MST/R/AFR MST/R/EG MST/R/IQ MST/R/MID
MST/R/NME MST/R/US
SHARM EL-SHEIK, Egypt (AP)--The United Arab Emirates has become the first Arab
country to make an official call for Iraqi President Saddam Hussein to step
down, submitting a proposal at an Arab League summit Saturday for Saddam and the
rest of his leadership to leave in exchange for immunity from prosecution.
The call in a letter to the summit from Sheik Zayed bin Sultan Al Nahyan,
president of the United Arab Emirates, defied long-standing resistance among
Arab leaders to meddling in each others' domestic affairs. The U.S. and many in
the region have said Saddam's resignation is the only way to avert war.
(MORE) Dow Jones Newswires
01-03-03 1117GMT(AP-DJ-03-01-03 1117GMT)
Mar-01-2003 11:17 GMT
Source DJBK Dow Jones Bankers Wire
Categories:
G/IGV N/BKG N/CMDI N/DJG7 N/DJI N/DJIV N/DJMO N/DOI N/EWR N/FXW N/IPR
N/WER N/DJWI N/GEN N/PET N/UNN M/MMR P/APNY R/AF R/ARA R/EG R/IZ R/ML R/NME
R/TC R/US MST/B/BRK MST/N/PET MST/R/AFR MST/R/EG MST/R/IQ MST/R/MID
MST/R/NME MST/R/US
- Mensagens: 23939
- Registado: 5/11/2002 11:30
- Localização: 4
DJ Iraqi/Missiles Destroyed -2: Not Yet Confirmed By UN
A spokesman for the U.N. weapons inspectors, Hiro Ueki, said a team of
inspectors was headed to the site.
"As soon as they arrive the destruction will begin," he said. "I don't believe
that it has begun, but it's a matter of minutes."
The Iraqi official insisted the destruction had begun at 1 p.m. local time
(1000 GMT).
Odai al-Taie, head of the information department at Iraq's Information
Ministry, said a team of U.N. weapons inspectors also would seize a mold used to
make solid fuel at the Al Rasheed Company "in order to prepare it for
destruction tomorrow."
(END) Dow Jones Newswires
01-03-03 1052GMT(AP-DJ-03-01-03 1052GMT)
Mar-01-2003 10:52 GMT
Source DJBK Dow Jones Bankers Wire
Categories:
N/BKG N/CMDI N/DJG7 N/DJI N/DJIV N/DJMO N/DOI N/EWR N/FXW N/IPR N/WER
N/DJWI N/GEN N/PET N/UNN M/NND P/APNY R/IZ R/ML R/NME R/US MST/B/BRK
MST/N/PET MST/R/IQ MST/R/MID MST/R/NME MST/R/US
A spokesman for the U.N. weapons inspectors, Hiro Ueki, said a team of
inspectors was headed to the site.
"As soon as they arrive the destruction will begin," he said. "I don't believe
that it has begun, but it's a matter of minutes."
The Iraqi official insisted the destruction had begun at 1 p.m. local time
(1000 GMT).
Odai al-Taie, head of the information department at Iraq's Information
Ministry, said a team of U.N. weapons inspectors also would seize a mold used to
make solid fuel at the Al Rasheed Company "in order to prepare it for
destruction tomorrow."
(END) Dow Jones Newswires
01-03-03 1052GMT(AP-DJ-03-01-03 1052GMT)
Mar-01-2003 10:52 GMT
Source DJBK Dow Jones Bankers Wire
Categories:
N/BKG N/CMDI N/DJG7 N/DJI N/DJIV N/DJMO N/DOI N/EWR N/FXW N/IPR N/WER
N/DJWI N/GEN N/PET N/UNN M/NND P/APNY R/IZ R/ML R/NME R/US MST/B/BRK
MST/N/PET MST/R/IQ MST/R/MID MST/R/NME MST/R/US
- Mensagens: 23939
- Registado: 5/11/2002 11:30
- Localização: 4
DJ Arab Summit Calls On Iraq To Cooperate With UN
SHARM EL-SHEIK, Egypt (AP)--Arabs opened a crisis summit Saturday with a call
on Iraq to cooperate with the U.N. in order not to provide any pretext for war,
and a condemnation of any possible strike on a fellow Arab state.
"We oppose a war against Iraq or any other Arab country and will regard it as
a threat to the whole Arab nation," said Lebanese President Emile Lahoud,
opening the summit in this Red Sea resort as he handed over the rotating Arab
League presidency to Bahrain. "And in the meantime, we extend our call for Iraq
to continue its cooperation with the United Nations in order not to provide any
pretext that would lead to a war."
Later, the leaders will debate a proposed final resolution drafted by their
foreign ministers that rejects any attack on Iraq that isn't sanctioned by the
United Nations and proposes a last-ditch peacemaking effort.
Arab League Secretary-General Amr Moussa had said earlier Saturday that the
foreign ministers reached unanimous agreement on a draft resolution, but offered
no details. Diplomats said their ministers had left language on the most
sensitive issues to be worked out by their leaders at the one-day summit.
The draft resolution "does send a message to all concerned that we cannot
support military action against Iraq and that we are for the full implementation
of the (U.N.) Security Council resolutions," Moussa said.
On Thursday, U.S. Secretary of State Colin Powell urged Arabs leaders to call
on Iraqi President Saddam Hussein to "step down and get out of the way and let
some responsible leadership take over in Baghdad."
But Egypt, the main force behind moving the annual summit up from its original
late-March date to address the Iraq crisis, said the Arab League could not issue
such a call.
"We aren't in the business of changing the regime of one country or another,"
Egyptian Foreign Minister Ahmed Maher said Friday. "We can only ask all parties
to abide by international resolutions in order to avoid war."
Privately, however, Arab diplomats said the idea of getting Saddam to step
down has been under informal discussion.
Diplomats had said the summit may send a high-level delegation to Baghdad
carrying a message to Saddam with vague suggestions he quit. They also raised
the possibility of sending an Arab delegation to Iraq to press it to cooperate
with U.N. weapons inspectors trying to determine whether U.S. allegations that
Iraq is hiding weapons of mass destruction are correct and warrant war.
"We are cooperating (with U.N. inspectors) because we want to cooperate,
because we think it is to our benefit," Iraqi envoy Naji Sabri told reporters
during a break in negotiations early Saturday. "We don't need anyone to tell us
to cooperate."
After two days of debate, the foreign ministers could not decide whether an
Arab delegation would go just to Baghdad or also to America, the United Nations
and the European Union to stress the need to resolve the crisis peacefully. That
and the exact message any delegations might carry were left to be decided by the
heads of state, Jordanian Foreign Minister Marwan Muasher told The Associated
Press.
The leaders also will have to choose between two proposals addressing what
role Arabs might play in any war, diplomats said on condition of anonymity. One
calls on Arabs not to take part in any attack; a second bars Arabs from allowing
America to use their territory as a staging ground.
A Kuwaiti envoy, Sheik Ahmed Fahd Al-Ahmed, told reporters the latter wording
was "not realistic" but that Kuwait supported the call on Arabs not to
participate in military action.
Saudi Foreign Minister Prince Saud Al-Faisal told CNN that a U.S. military
occupation of any post-Saddam Iraq would bring "chaos" to the region.
"We would hate to see American soldiers paying the price for an occupation
that will do nothing but bring terrible consequences to everybody," he said.
Tens of thousands of U.S. troops are training in Kuwait ahead of a possible
war with Iraq, which invaded Kuwait in 1990 and occupied it until a U.S.-led
coalition forced Saddam to retreat in the 1991 Gulf War. Other Gulf countries
have been sending troops and arms to help defend Kuwait should Iraq strike
Kuwait in reaction to a U.S. attack.
The Arab world has been deeply divided by the U.S.-Iraq confrontation. Some
countries, like Kuwait, argue war is inevitable and say the focus should be on
planning for the aftermath. A second camp, including Egypt and Saudi Arabia,
argues war can be avoided if Iraq cooperates fully with U.N. weapons inspectors.
The proposal to condemn any war not authorized by the United Nations is a step
short of the unequivocal antiwar declaration a third camp, led by Syria, is
pressing the summit to make.
If Arab leaders were to move to get Saddam to step down peacefully, they could
be in a better position to help shape the profound changes to the region
expected from a war.
Some observers say Arab leaders were doing too little, too slowly to position
themselves for a post-Saddam Middle East. Makram Ahmed Mohammed, editor of the
Egyptian weekly Al-Mousawar, said the Arabs should try to get Saddam to step
down peacefully to minimize U.S. involvement.
If Saddam leaves, "Iraq will be saved from the humility of occupation and the
area from evil dangers," Mohammed wrote in the magazine's latest issue.
While Arab leaders have conceded they can do little to stop America if it
decides to go to war, the summit allows them to show their citizens that they
are doing all they can for peace.
(END) Dow Jones Newswires
01-03-03 0956GMT(AP-DJ-03-01-03 0956GMT)
Mar-01-2003 09:56 GMT
Source DJBK Dow Jones Bankers Wire
Categories:
N/BKG N/CMDI N/DJI N/DJIV N/DJMO N/DOI N/EWR N/FXW N/IPR N/WER N/DJWI
N/GEN N/PET N/UNN M/NND P/APNY R/AF R/EG R/IZ R/ML MST/B/BRK MST/N/PET
MST/R/AFR MST/R/EG MST/R/IQ MST/R/MID
SHARM EL-SHEIK, Egypt (AP)--Arabs opened a crisis summit Saturday with a call
on Iraq to cooperate with the U.N. in order not to provide any pretext for war,
and a condemnation of any possible strike on a fellow Arab state.
"We oppose a war against Iraq or any other Arab country and will regard it as
a threat to the whole Arab nation," said Lebanese President Emile Lahoud,
opening the summit in this Red Sea resort as he handed over the rotating Arab
League presidency to Bahrain. "And in the meantime, we extend our call for Iraq
to continue its cooperation with the United Nations in order not to provide any
pretext that would lead to a war."
Later, the leaders will debate a proposed final resolution drafted by their
foreign ministers that rejects any attack on Iraq that isn't sanctioned by the
United Nations and proposes a last-ditch peacemaking effort.
Arab League Secretary-General Amr Moussa had said earlier Saturday that the
foreign ministers reached unanimous agreement on a draft resolution, but offered
no details. Diplomats said their ministers had left language on the most
sensitive issues to be worked out by their leaders at the one-day summit.
The draft resolution "does send a message to all concerned that we cannot
support military action against Iraq and that we are for the full implementation
of the (U.N.) Security Council resolutions," Moussa said.
On Thursday, U.S. Secretary of State Colin Powell urged Arabs leaders to call
on Iraqi President Saddam Hussein to "step down and get out of the way and let
some responsible leadership take over in Baghdad."
But Egypt, the main force behind moving the annual summit up from its original
late-March date to address the Iraq crisis, said the Arab League could not issue
such a call.
"We aren't in the business of changing the regime of one country or another,"
Egyptian Foreign Minister Ahmed Maher said Friday. "We can only ask all parties
to abide by international resolutions in order to avoid war."
Privately, however, Arab diplomats said the idea of getting Saddam to step
down has been under informal discussion.
Diplomats had said the summit may send a high-level delegation to Baghdad
carrying a message to Saddam with vague suggestions he quit. They also raised
the possibility of sending an Arab delegation to Iraq to press it to cooperate
with U.N. weapons inspectors trying to determine whether U.S. allegations that
Iraq is hiding weapons of mass destruction are correct and warrant war.
"We are cooperating (with U.N. inspectors) because we want to cooperate,
because we think it is to our benefit," Iraqi envoy Naji Sabri told reporters
during a break in negotiations early Saturday. "We don't need anyone to tell us
to cooperate."
After two days of debate, the foreign ministers could not decide whether an
Arab delegation would go just to Baghdad or also to America, the United Nations
and the European Union to stress the need to resolve the crisis peacefully. That
and the exact message any delegations might carry were left to be decided by the
heads of state, Jordanian Foreign Minister Marwan Muasher told The Associated
Press.
The leaders also will have to choose between two proposals addressing what
role Arabs might play in any war, diplomats said on condition of anonymity. One
calls on Arabs not to take part in any attack; a second bars Arabs from allowing
America to use their territory as a staging ground.
A Kuwaiti envoy, Sheik Ahmed Fahd Al-Ahmed, told reporters the latter wording
was "not realistic" but that Kuwait supported the call on Arabs not to
participate in military action.
Saudi Foreign Minister Prince Saud Al-Faisal told CNN that a U.S. military
occupation of any post-Saddam Iraq would bring "chaos" to the region.
"We would hate to see American soldiers paying the price for an occupation
that will do nothing but bring terrible consequences to everybody," he said.
Tens of thousands of U.S. troops are training in Kuwait ahead of a possible
war with Iraq, which invaded Kuwait in 1990 and occupied it until a U.S.-led
coalition forced Saddam to retreat in the 1991 Gulf War. Other Gulf countries
have been sending troops and arms to help defend Kuwait should Iraq strike
Kuwait in reaction to a U.S. attack.
The Arab world has been deeply divided by the U.S.-Iraq confrontation. Some
countries, like Kuwait, argue war is inevitable and say the focus should be on
planning for the aftermath. A second camp, including Egypt and Saudi Arabia,
argues war can be avoided if Iraq cooperates fully with U.N. weapons inspectors.
The proposal to condemn any war not authorized by the United Nations is a step
short of the unequivocal antiwar declaration a third camp, led by Syria, is
pressing the summit to make.
If Arab leaders were to move to get Saddam to step down peacefully, they could
be in a better position to help shape the profound changes to the region
expected from a war.
Some observers say Arab leaders were doing too little, too slowly to position
themselves for a post-Saddam Middle East. Makram Ahmed Mohammed, editor of the
Egyptian weekly Al-Mousawar, said the Arabs should try to get Saddam to step
down peacefully to minimize U.S. involvement.
If Saddam leaves, "Iraq will be saved from the humility of occupation and the
area from evil dangers," Mohammed wrote in the magazine's latest issue.
While Arab leaders have conceded they can do little to stop America if it
decides to go to war, the summit allows them to show their citizens that they
are doing all they can for peace.
(END) Dow Jones Newswires
01-03-03 0956GMT(AP-DJ-03-01-03 0956GMT)
Mar-01-2003 09:56 GMT
Source DJBK Dow Jones Bankers Wire
Categories:
N/BKG N/CMDI N/DJI N/DJIV N/DJMO N/DOI N/EWR N/FXW N/IPR N/WER N/DJWI
N/GEN N/PET N/UNN M/NND P/APNY R/AF R/EG R/IZ R/ML MST/B/BRK MST/N/PET
MST/R/AFR MST/R/EG MST/R/IQ MST/R/MID
- Mensagens: 23939
- Registado: 5/11/2002 11:30
- Localização: 4
DJ Iraq/Destroy/Sat -2: UN Will Seize Mold Used To Make Fuel
BAGHDAD (AP)--Iraq said it will destroy four Al Samoud 2 missiles Saturday as
ordered by U.N. weapons inspectors.
The announcement came from Odai al-Taie, a spokesman with Iraq's Information
Ministry.
Al-Taie also said a team of U.N. weapons inspectors will seize a mold used to
make solid fuel at the Al Rasheed Company "in order to prepare it for
destruction tomorrow."
He said the Al Samoud 2 missiles would be destroyed Saturday in the Al-Taji
area, 30 kilometers north of Baghdad, which has several factories involved in
missile production.
Chief U.N. weapons inspector Hans Blix ordered the destruction of the finned
white rockets because tests indicated some fly farther than allowed. He praised
the Iraqi decision to comply with his order, saying: "It is a very significant
piece of real disarmament."
Blix's chief deputy, Demetrius Perricos, met Saturday morning with Saddam
Hussein's scientific adviser, Lt. Gen. Amer al-Saadi to finalize details of the
destruction.
Al-Taie said the two sides discussed technical points and "agreed on a
schedule and a work plan for the coming days." He said they also agreed on "the
sites of destruction, the manner of destruction and the priorities."
Inspectors' spokesman Hiro Ueki said the talks produced "good news," and that
he expected the destruction to begin within hours.
Ueki also announced that the inspectors had resumed interviews with Iraqi
scientists, interviewing a biological weapons expert and a missile expert on
Friday evening _ the first such interviews since Feb. 7.
"This is positive news," Ueki said.
The two developments - both key demands of the weapons inspectors - were
likely to affect next week's address to the U.N. Security Council by Blix.
The United States and Britain have threatened Iraq with war if it doesn't
comply with the inspections.
(END) Dow Jones Newswires
01-03-03 0950GMT(AP-DJ-03-01-03 0950GMT)
Mar-01-2003 09:50 GMT
Source DJBK Dow Jones Bankers Wire
Categories:
N/BKG N/CMDI N/DJG7 N/DJI N/DJIV N/DJMO N/DOI N/ECR N/EWR N/FXW N/IPR
N/WER N/DJWI N/GEN N/MLT N/PET N/UKMR N/UNN M/NND P/APNY R/EC R/EU R/IZ
R/ML R/NME R/UK R/US R/WEU MST/B/BRK MST/N/PET MST/R/EU MST/R/EUR MST/R/IQ
MST/R/MID MST/R/NME MST/R/GB MST/R/US
BAGHDAD (AP)--Iraq said it will destroy four Al Samoud 2 missiles Saturday as
ordered by U.N. weapons inspectors.
The announcement came from Odai al-Taie, a spokesman with Iraq's Information
Ministry.
Al-Taie also said a team of U.N. weapons inspectors will seize a mold used to
make solid fuel at the Al Rasheed Company "in order to prepare it for
destruction tomorrow."
He said the Al Samoud 2 missiles would be destroyed Saturday in the Al-Taji
area, 30 kilometers north of Baghdad, which has several factories involved in
missile production.
Chief U.N. weapons inspector Hans Blix ordered the destruction of the finned
white rockets because tests indicated some fly farther than allowed. He praised
the Iraqi decision to comply with his order, saying: "It is a very significant
piece of real disarmament."
Blix's chief deputy, Demetrius Perricos, met Saturday morning with Saddam
Hussein's scientific adviser, Lt. Gen. Amer al-Saadi to finalize details of the
destruction.
Al-Taie said the two sides discussed technical points and "agreed on a
schedule and a work plan for the coming days." He said they also agreed on "the
sites of destruction, the manner of destruction and the priorities."
Inspectors' spokesman Hiro Ueki said the talks produced "good news," and that
he expected the destruction to begin within hours.
Ueki also announced that the inspectors had resumed interviews with Iraqi
scientists, interviewing a biological weapons expert and a missile expert on
Friday evening _ the first such interviews since Feb. 7.
"This is positive news," Ueki said.
The two developments - both key demands of the weapons inspectors - were
likely to affect next week's address to the U.N. Security Council by Blix.
The United States and Britain have threatened Iraq with war if it doesn't
comply with the inspections.
(END) Dow Jones Newswires
01-03-03 0950GMT(AP-DJ-03-01-03 0950GMT)
Mar-01-2003 09:50 GMT
Source DJBK Dow Jones Bankers Wire
Categories:
N/BKG N/CMDI N/DJG7 N/DJI N/DJIV N/DJMO N/DOI N/ECR N/EWR N/FXW N/IPR
N/WER N/DJWI N/GEN N/MLT N/PET N/UKMR N/UNN M/NND P/APNY R/EC R/EU R/IZ
R/ML R/NME R/UK R/US R/WEU MST/B/BRK MST/N/PET MST/R/EU MST/R/EUR MST/R/IQ
MST/R/MID MST/R/NME MST/R/GB MST/R/US
- Mensagens: 23939
- Registado: 5/11/2002 11:30
- Localização: 4
Governo adjudica Litoral Centro à Brisa
28-2-2003 20:12
O Governo adjudicou a concessão da auto-estrada do Litoral Centro ao consórcio liderado pela Brisa, segundo avança a agência Lusa, citando fonte oficial do Ministério das Obras Públicas, Transportes e Habitação.
O investimento na auto-estrada de 103 quilómetros deverá atingir os 440 milhões de euros, segundo a mesma fonte.
A Brisa ganhou, esta sexta-feira, um por cento para 5,03 euros, na Euronext Lisbon.
28-2-2003 20:12
O Governo adjudicou a concessão da auto-estrada do Litoral Centro ao consórcio liderado pela Brisa, segundo avança a agência Lusa, citando fonte oficial do Ministério das Obras Públicas, Transportes e Habitação.
O investimento na auto-estrada de 103 quilómetros deverá atingir os 440 milhões de euros, segundo a mesma fonte.
A Brisa ganhou, esta sexta-feira, um por cento para 5,03 euros, na Euronext Lisbon.
- Mensagens: 23939
- Registado: 5/11/2002 11:30
- Localização: 4
Receitas da Telefónica devem crescer 5-8% em 2003
28-2-2003 20:20
A espanhola Telefónica anunciou, esta sexta-feira, em comunicado, que as receitas deverão crescer entre cinco e oito por cento e que o EBITDA deverá aumentar entre seis e nove por cento, no exercício em curso.
O EBIT deverá subir 18 a 21 por cento e o cash flow entre nove e 12 por cento. O investimento deverá manter-se ou crescer até três por cento. Em 2001, os prejuízos ascenderam a 5.576,8 milhões de euros (ME).
A Telefónica ganhou, esta sexta-feira, 3,45 por cento para nove euros, em Madrid.
28-2-2003 20:20
A espanhola Telefónica anunciou, esta sexta-feira, em comunicado, que as receitas deverão crescer entre cinco e oito por cento e que o EBITDA deverá aumentar entre seis e nove por cento, no exercício em curso.
O EBIT deverá subir 18 a 21 por cento e o cash flow entre nove e 12 por cento. O investimento deverá manter-se ou crescer até três por cento. Em 2001, os prejuízos ascenderam a 5.576,8 milhões de euros (ME).
A Telefónica ganhou, esta sexta-feira, 3,45 por cento para nove euros, em Madrid.
- Mensagens: 23939
- Registado: 5/11/2002 11:30
- Localização: 4
SEC pede mais informação a 350 empresas
28-2-2003 19:52
A entidade reguladora do mercado norte-americano, Securities and Exchange Commission (SEC), anunciou hoje que instou 350 empresas a fornecer mais informação nos seus relatórios financeiros. Esta medida surge na sequência dos escândalos contabilísticos que assolaram recentemente os mercados de capitais.
28-2-2003 19:52
A entidade reguladora do mercado norte-americano, Securities and Exchange Commission (SEC), anunciou hoje que instou 350 empresas a fornecer mais informação nos seus relatórios financeiros. Esta medida surge na sequência dos escândalos contabilísticos que assolaram recentemente os mercados de capitais.
- Mensagens: 23939
- Registado: 5/11/2002 11:30
- Localização: 4
PT Multimédia agrava prejuízos em 2002 para 135 milhões (act)
A PT Multimédia registou resultados líquidos negativos de 135 milhões de euros em 2002, mais 48% que no período homólogo, penalizada pela constituição de provisões e custos de reestruturação. Pela primeira vez os resultados operacionais foram positivos.
No conjunto de 2002, as receitas totais da PT Multimedia ascenderam a 622,8 milhões de euros, o que traduziu uma subida de 174% face ao ano anterior.
O resultado operacional da PT Multimedia atingiu os seis milhões de euros, valor positivo que «aconteceu pela primeira vez na história da empresa», destacou a PT Multimedia em comunicado.
«Embora tenha obtido um resultado operacional positivo, a PT Multimedia [PTM]apresentou em 2002 um resultado líquido inferior ao de 2001, visto que os resultados de 2001 incluíam um ganho de 44 milhões de euros», refere a empresa.
Além deste ganho, as contas da PT Multimedia foram influenciadas por um total de 15,2 milhões de euros afectos a custos de reestruturação, bem como, devido à constituição de provisões de 20,9 milhões de euros para fazer face aos riscos associados a empresas participadas pela PTM.com no Brasil, onde detém 17% do UOL.
Os resultados antes de impostos, juros, depreciações e amortizações ficaram nos 79 milhões de euros, em 2002, o que correspondeu a um crescimento de 40,1% face ao ano anterior.
No ano passado, a PT Multimedia reduziu o investimentos em 84,1% para os 98,3 milhões de euros, valor que inclui os 19,4 milhões de euros gastos na oferta pública de aquisição potestativa das restantes acções da PTM.com e da participação dos aumentos de capital de Sportv de 1,7 milhões de euros e de 3,5 milhões de euros na VASP, empresa de distribuição de publicações.
O capital foi essencialmente despendido «na expansão da TV Cabo, renovação editorial do Jornal de Notícias e do Diário de Notícias e para a abertura de 12 novas salas de cinema da Lusomundo em Almada», detalhou a empresa.
Esta quebra no investimento foi acompanhado de uma descida da dívida que passou a atingir os 157,9 milhões de euros, menos 79,6% do que em 2001, acrescenta a empresa.
Com o destaque das operação da PTM.com, que agrega as actividades no acesso à Internet, das Páginas Amarelas e Sportinveste Multimedia, as contas da PT Multimedia incluem basicamente as actividades de TV Cabo e da Lusomundo.
Como contrapartida desta alienação à Portugal Telecom, os suprimentos da «holding» à PTM reduziram-se em 537,6 milhões de euros e liquidados 62,4 milhões de euros em juros de dívida, avançou a empresa.
As receitas da TV Cabo, televisão por cabo, subiram 30,9% alcançando os 364,189 milhões de euros, enquanto o volume de negócios da Lusomundo cresceu 2,1% para os 255,528 milhões de euros.
As acções da PT Multimedia, controlada em 54,05% pela PT, encerraram nos 11 euros a subir 0,82%.
2003/02/28 19:47:00
A PT Multimédia registou resultados líquidos negativos de 135 milhões de euros em 2002, mais 48% que no período homólogo, penalizada pela constituição de provisões e custos de reestruturação. Pela primeira vez os resultados operacionais foram positivos.
No conjunto de 2002, as receitas totais da PT Multimedia ascenderam a 622,8 milhões de euros, o que traduziu uma subida de 174% face ao ano anterior.
O resultado operacional da PT Multimedia atingiu os seis milhões de euros, valor positivo que «aconteceu pela primeira vez na história da empresa», destacou a PT Multimedia em comunicado.
«Embora tenha obtido um resultado operacional positivo, a PT Multimedia [PTM]apresentou em 2002 um resultado líquido inferior ao de 2001, visto que os resultados de 2001 incluíam um ganho de 44 milhões de euros», refere a empresa.
Além deste ganho, as contas da PT Multimedia foram influenciadas por um total de 15,2 milhões de euros afectos a custos de reestruturação, bem como, devido à constituição de provisões de 20,9 milhões de euros para fazer face aos riscos associados a empresas participadas pela PTM.com no Brasil, onde detém 17% do UOL.
Os resultados antes de impostos, juros, depreciações e amortizações ficaram nos 79 milhões de euros, em 2002, o que correspondeu a um crescimento de 40,1% face ao ano anterior.
No ano passado, a PT Multimedia reduziu o investimentos em 84,1% para os 98,3 milhões de euros, valor que inclui os 19,4 milhões de euros gastos na oferta pública de aquisição potestativa das restantes acções da PTM.com e da participação dos aumentos de capital de Sportv de 1,7 milhões de euros e de 3,5 milhões de euros na VASP, empresa de distribuição de publicações.
O capital foi essencialmente despendido «na expansão da TV Cabo, renovação editorial do Jornal de Notícias e do Diário de Notícias e para a abertura de 12 novas salas de cinema da Lusomundo em Almada», detalhou a empresa.
Esta quebra no investimento foi acompanhado de uma descida da dívida que passou a atingir os 157,9 milhões de euros, menos 79,6% do que em 2001, acrescenta a empresa.
Com o destaque das operação da PTM.com, que agrega as actividades no acesso à Internet, das Páginas Amarelas e Sportinveste Multimedia, as contas da PT Multimedia incluem basicamente as actividades de TV Cabo e da Lusomundo.
Como contrapartida desta alienação à Portugal Telecom, os suprimentos da «holding» à PTM reduziram-se em 537,6 milhões de euros e liquidados 62,4 milhões de euros em juros de dívida, avançou a empresa.
As receitas da TV Cabo, televisão por cabo, subiram 30,9% alcançando os 364,189 milhões de euros, enquanto o volume de negócios da Lusomundo cresceu 2,1% para os 255,528 milhões de euros.
As acções da PT Multimedia, controlada em 54,05% pela PT, encerraram nos 11 euros a subir 0,82%.
2003/02/28 19:47:00
- Mensagens: 23939
- Registado: 5/11/2002 11:30
- Localização: 4
Jerónimo Martins expande rede Biedronka para 700 lojas em 2003
A Jerónimo Martins prevê abrir 50 lojas da cadeia Biedronka este ano, aumentando o número de unidades da maior rede de desconto da Polónia para as 700, revelou hoje Alexandre Soares dos Santos, o presidente da segunda maior distribuidora nacional, acrescentando que aquele país é o centro de expansão para a Europa Central.
Após a venda das cadeias Eurocash e Jumbo, a Jerónimo Martins emprega agora naquele país 7.000 funcionários, conta com um milhão de clientes diários nas suas lojas e 400 camiões que asseguram os transportes das mercadorias, com um investimento acumulado que ronda os 500 milhões de euros. As vendas anuais atingem mil milhões de euros, mais de 20% do total do grupo.
«Vamos aumentar o número de lojas da Biedronka para 700 no final do ano», contra as 650 existentes no momento, afirmou Soares dos Santos numa conferência sobre o «O Alargamento da União Europeia a Leste». O objectivo da empresa é atingir as 2.000 lojas no médio prazo, segundo a mesma fonte.
Para melhor ilustrar a dimensão do mercado polaco, que tem uma população de 40 milhões de habitantes, Soares dos Santos revelou que vende 10 milhões de quilos de açúcar, um milhão de sabonetes, um milhão de quilos de batatas e outros tantos de bananas por mês naquele mercado.
Soares dos Santos assume erros na política de expansão
O presidente da JM assumiu alguns erros cometidos no passado em termos de política de expansão para a Polónia e Brasil e que resultaram na passagem de lucros de 24,9 milhões de euros em 1999 para prejuízos de 63,9 milhões em 2000 e perdas de 86,5 milhões de euros em 2001.
«Cometemos o erro de investir no Brasil sem termos a nossa posição na Polónia consolidada», reconheceu Soares dos Santos. O erro traduziu-se numa desvalorização das acções em cerca de 55% desde o início de 1999.
Soares dos Santos lamentou o facto de ter esperado «demasiado tempo» para vender a cadeia Sé e para terminar a parceria com o Grupo Martins & Martins no Brasil.
«Se tivesse saído do Brasil um ano antes, não teria que ter vendido as águas», lamentou, referindo-se à Vidago Melgaço e Pedras Salgadas (VMPS), um dos activos mais queridos do presidente da JM. A mesma fonte referiu que teve que assumir uma perda de 100 milhões de euros com a venda da Sé.
As mudanças estratégicas da concorrente directa da Modelo Continente [MCON] traduziram-se numa alteração da sua base accionista. «Cerca de 40% da JM estava na mão de investidores institucionais sediados no Reino Unido e nos EUA, enquanto agora são detidos por accionistas nacionais especulativos».
Em 2002, a empresa já deverá apresentar resultados operacionais positivos, após a conclusão do processo de reestruturação que obrigou à venda de activos não estratégicos e que terão gerado encaixes de 400 milhões de euros, permitindo reduzir a dívida de 1,42 mil milhões em 2001 para os 850 milhões registado no final do ano passado.
Os resultados líquidos deverão continuar a ser negativos, devido à contabilização de menos valias realizadas na venda de empresas como a cadeia Sé, a Eurocash ou a Jumbo, entre outras.
«Não abriremos mão da nossa liderança na Polónia»
A empresa considera o mercado polaco como estratégico e não pensa abandoná-lo, mantendo o objectivo de liderança no segmento de desconto.
«Não abriremos mão da Polónia porque queremos continuar a ser líderes», assegurou Soares dos Santos, acrescentando que a Polónia é o «centro de expansão (da JM) para a Europa Central».
Aquele responsável admite interesse em crescer na região, ao afirmar que a Ucrânia «será viável dentro de 10 anos». Para já, essa opção não se coloca devido à influência das mafias naquele país, segundo Soares dos Santos.
Em jeito de lição para investir além fronteiras, Soares dos Santos explicou que uma empresa com essas pretensões tem de ter um balanço forte, um bom estudo de mercado e um parceiro local.
As acções da JM fecharam nos 6,22 euros, a subir 1,47%.
Por Ricardo Domingos
2003/02/28 21:43:00
A Jerónimo Martins prevê abrir 50 lojas da cadeia Biedronka este ano, aumentando o número de unidades da maior rede de desconto da Polónia para as 700, revelou hoje Alexandre Soares dos Santos, o presidente da segunda maior distribuidora nacional, acrescentando que aquele país é o centro de expansão para a Europa Central.
Após a venda das cadeias Eurocash e Jumbo, a Jerónimo Martins emprega agora naquele país 7.000 funcionários, conta com um milhão de clientes diários nas suas lojas e 400 camiões que asseguram os transportes das mercadorias, com um investimento acumulado que ronda os 500 milhões de euros. As vendas anuais atingem mil milhões de euros, mais de 20% do total do grupo.
«Vamos aumentar o número de lojas da Biedronka para 700 no final do ano», contra as 650 existentes no momento, afirmou Soares dos Santos numa conferência sobre o «O Alargamento da União Europeia a Leste». O objectivo da empresa é atingir as 2.000 lojas no médio prazo, segundo a mesma fonte.
Para melhor ilustrar a dimensão do mercado polaco, que tem uma população de 40 milhões de habitantes, Soares dos Santos revelou que vende 10 milhões de quilos de açúcar, um milhão de sabonetes, um milhão de quilos de batatas e outros tantos de bananas por mês naquele mercado.
Soares dos Santos assume erros na política de expansão
O presidente da JM assumiu alguns erros cometidos no passado em termos de política de expansão para a Polónia e Brasil e que resultaram na passagem de lucros de 24,9 milhões de euros em 1999 para prejuízos de 63,9 milhões em 2000 e perdas de 86,5 milhões de euros em 2001.
«Cometemos o erro de investir no Brasil sem termos a nossa posição na Polónia consolidada», reconheceu Soares dos Santos. O erro traduziu-se numa desvalorização das acções em cerca de 55% desde o início de 1999.
Soares dos Santos lamentou o facto de ter esperado «demasiado tempo» para vender a cadeia Sé e para terminar a parceria com o Grupo Martins & Martins no Brasil.
«Se tivesse saído do Brasil um ano antes, não teria que ter vendido as águas», lamentou, referindo-se à Vidago Melgaço e Pedras Salgadas (VMPS), um dos activos mais queridos do presidente da JM. A mesma fonte referiu que teve que assumir uma perda de 100 milhões de euros com a venda da Sé.
As mudanças estratégicas da concorrente directa da Modelo Continente [MCON] traduziram-se numa alteração da sua base accionista. «Cerca de 40% da JM estava na mão de investidores institucionais sediados no Reino Unido e nos EUA, enquanto agora são detidos por accionistas nacionais especulativos».
Em 2002, a empresa já deverá apresentar resultados operacionais positivos, após a conclusão do processo de reestruturação que obrigou à venda de activos não estratégicos e que terão gerado encaixes de 400 milhões de euros, permitindo reduzir a dívida de 1,42 mil milhões em 2001 para os 850 milhões registado no final do ano passado.
Os resultados líquidos deverão continuar a ser negativos, devido à contabilização de menos valias realizadas na venda de empresas como a cadeia Sé, a Eurocash ou a Jumbo, entre outras.
«Não abriremos mão da nossa liderança na Polónia»
A empresa considera o mercado polaco como estratégico e não pensa abandoná-lo, mantendo o objectivo de liderança no segmento de desconto.
«Não abriremos mão da Polónia porque queremos continuar a ser líderes», assegurou Soares dos Santos, acrescentando que a Polónia é o «centro de expansão (da JM) para a Europa Central».
Aquele responsável admite interesse em crescer na região, ao afirmar que a Ucrânia «será viável dentro de 10 anos». Para já, essa opção não se coloca devido à influência das mafias naquele país, segundo Soares dos Santos.
Em jeito de lição para investir além fronteiras, Soares dos Santos explicou que uma empresa com essas pretensões tem de ter um balanço forte, um bom estudo de mercado e um parceiro local.
As acções da JM fecharam nos 6,22 euros, a subir 1,47%.
Por Ricardo Domingos
2003/02/28 21:43:00
- Mensagens: 23939
- Registado: 5/11/2002 11:30
- Localização: 4
Noticias de Fim de Semana - 1 e 2 de Março de 2003
Acções EUA sobem com revisão em alta do PIB
As acções americanas subiram depois do Departamento do Comércio ter revelado que o Produto Interno Bruto (PIB) da maior economia mundial cresceu acima do anunciado no último trimestre de 2002. O Nasdaq ganhou 1,03% e o Dow Jones somou 0,08%.
O índice industrial [INDU] terminou nos 7.891,08 pontos, enquanto o Nasdaq [ccmp] fechou nos 1.337,54 pontos.
O Departamento do Comércio revelou hoje, na sua segunda previsão, que a economia americana cresceu 1,4% no último trimestre do ano passado, o dobro do que foi incialmente anunciado.
O «American Depositary Receipt» da Portugal Telecom (PT) fechou nos 6,29 dólares (5,82 euros), enquanto em Lisboa os títulos da operadora terminaram nos 5,95 euros. Cada ADR representa uma acção da PT [PTC].
O ADR da Electricidade de Portugal (EDP) fechou nos 15,39 dólares (14,25 euros), enquanto na praça nacional fixaram-se nos 1,42 euros. Cada ADR representa 10 acções da EDP [EDP].
2003/02/28 21:18:00
As acções americanas subiram depois do Departamento do Comércio ter revelado que o Produto Interno Bruto (PIB) da maior economia mundial cresceu acima do anunciado no último trimestre de 2002. O Nasdaq ganhou 1,03% e o Dow Jones somou 0,08%.
O índice industrial [INDU] terminou nos 7.891,08 pontos, enquanto o Nasdaq [ccmp] fechou nos 1.337,54 pontos.
O Departamento do Comércio revelou hoje, na sua segunda previsão, que a economia americana cresceu 1,4% no último trimestre do ano passado, o dobro do que foi incialmente anunciado.
O «American Depositary Receipt» da Portugal Telecom (PT) fechou nos 6,29 dólares (5,82 euros), enquanto em Lisboa os títulos da operadora terminaram nos 5,95 euros. Cada ADR representa uma acção da PT [PTC].
O ADR da Electricidade de Portugal (EDP) fechou nos 15,39 dólares (14,25 euros), enquanto na praça nacional fixaram-se nos 1,42 euros. Cada ADR representa 10 acções da EDP [EDP].
2003/02/28 21:18:00
- Mensagens: 23939
- Registado: 5/11/2002 11:30
- Localização: 4
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