Noticias de Fim de Semana 2 e 3 de Agosto de 2003
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Negócios: Inditex estuda patrocinar F1
2003-08-02 13:50:18
O grupo espanhol Inditex, detentor das lojas da Zara e Pull&Bear, entre outras, está a estudar a possibilidade de patrocinar uma equipa de Fórmula 1 (F1), admitindo mesmo realizar um investimento tão elevado que a equipa alinhe com a sua designação, tal como sucedeu durante 17 anos com a Benetton, noticia este sábado o jornal espanhol Marca.
O interesse da Inditex na F! Surge após o interesse dos espanhóis na modalidade ter vindo a crescer, graças à carreira do piloto espanhol Fernando Alonso (Renault). O investimento da Inditex deverá rondar os 30 milhões de euros anuais, valor que era dispendido pela Benetton na última temporada em que foi sponsor na modalidade rainha do desporto automóvel.
Uma eventual entrada da Inditex na F1 seria bem recebida, numa altura em que os patrocínios das tabaqueiras terão de acabar em 2006, por imposição da Comissão Europeia. Os contratos de patrocínio das tabaqueiras representam esta época cerca de 360 milhões de euros.
Fonte: Diário Digital
2003-08-02 13:50:18
O grupo espanhol Inditex, detentor das lojas da Zara e Pull&Bear, entre outras, está a estudar a possibilidade de patrocinar uma equipa de Fórmula 1 (F1), admitindo mesmo realizar um investimento tão elevado que a equipa alinhe com a sua designação, tal como sucedeu durante 17 anos com a Benetton, noticia este sábado o jornal espanhol Marca.
O interesse da Inditex na F! Surge após o interesse dos espanhóis na modalidade ter vindo a crescer, graças à carreira do piloto espanhol Fernando Alonso (Renault). O investimento da Inditex deverá rondar os 30 milhões de euros anuais, valor que era dispendido pela Benetton na última temporada em que foi sponsor na modalidade rainha do desporto automóvel.
Uma eventual entrada da Inditex na F1 seria bem recebida, numa altura em que os patrocínios das tabaqueiras terão de acabar em 2006, por imposição da Comissão Europeia. Os contratos de patrocínio das tabaqueiras representam esta época cerca de 360 milhões de euros.
Fonte: Diário Digital
- Mensagens: 23939
- Registado: 5/11/2002 11:30
- Localização: 4
Autarquias deixaram por cobrar 400 M€ em impostos, estima Governo
2003-08-02 13:02:15
O Governo estima que as autarquias tenham deixado de cobrar 400 milhões de euros em impostos no ano passado, um montante idêntico ao registado em 2001, refere o secretário de Estado da Administração Local, Miguel Relvas, em entrevista publicada este sábado no semanário Expresso.
Esta situação resulta da falta de registos adequados sobre o património edificado, diz o governante.
Se «os responsáveis municipais pusessem a pagar aqueles que não pagam», os cofres municipais estariam mais recheados, considera Relvas.
O Executivo estima que os municípios apenas cobram 60% das verbas referentes ao imposto de selo, contribuição autárquica e sisa, um valor muito inferior aos 94% registados em Espanha.
Segundo Miguel Relvas, a reorganização territorial que prevê a substituição dos distritos por entidades para quatro grandes áreas metropolitanas e a criação de comunidades intermunicipais, aquilo a que a oposição chama de «regionalização encapotada», juntamente com a actualização das matrizes prediais para o cálculo de impostos sobre o património, poderão levar a uma subida de 25% nas receitas.
Fonte: Diário Digital
2003-08-02 13:02:15
O Governo estima que as autarquias tenham deixado de cobrar 400 milhões de euros em impostos no ano passado, um montante idêntico ao registado em 2001, refere o secretário de Estado da Administração Local, Miguel Relvas, em entrevista publicada este sábado no semanário Expresso.
Esta situação resulta da falta de registos adequados sobre o património edificado, diz o governante.
Se «os responsáveis municipais pusessem a pagar aqueles que não pagam», os cofres municipais estariam mais recheados, considera Relvas.
O Executivo estima que os municípios apenas cobram 60% das verbas referentes ao imposto de selo, contribuição autárquica e sisa, um valor muito inferior aos 94% registados em Espanha.
Segundo Miguel Relvas, a reorganização territorial que prevê a substituição dos distritos por entidades para quatro grandes áreas metropolitanas e a criação de comunidades intermunicipais, aquilo a que a oposição chama de «regionalização encapotada», juntamente com a actualização das matrizes prediais para o cálculo de impostos sobre o património, poderão levar a uma subida de 25% nas receitas.
Fonte: Diário Digital
- Mensagens: 23939
- Registado: 5/11/2002 11:30
- Localização: 4
Bush Touts Tax Cuts, Predicts Growth After Job Loss Report
Aug. 2 (Bloomberg) -- President George W. Bush said his administration is ``preparing the way for vigorous growth and more jobs,'' defending his tax cuts against Democratic criticism as the U.S. economy continued to shed employees.
Bush said this year's $330 billion tax cut will benefit small business owners. Parents this week will begin receiving checks for as much as $400 per child, which ``will help American families move the economy forward,'' he said in his weekly radio address before heading today for a month on his Texas ranch and campaign stops in at least six states.
The Labor Department's report yesterday of 44,000 jobs lost in July marked the sixth straight monthly decline. The economy has lost jobs in 25 of the 31 months Bush has been president.
``Many Americans who want to work are still having trouble finding a job,'' Bush said today. ``My administration is acting to promote faster growth to encourage the creation of new jobs.''
Democrats vying to challenge Bush for the presidency next year, such as Senators John Kerry of Massachusetts and John Edwards of North Carolina, say the three tax cuts Bush has pushed through Congress are deepening federal budget deficits and benefit primarily the wealthy without creating jobs and lifting the economy.
The July job losses ``paint a bleak picture,'' and the president is trying to ``sugarcoat the economic situation,'' Democratic National Committee Chairman Terry McAuliffe said in a statement yesterday.
Economic Results
Bush contends that the economy would have been in worse shape without the three tax cuts totaling $1.7 trillion that he has signed into law.
``We are starting to see results from our actions,'' Bush said. ``My administration's economists believe that if we had not passed tax relief, our unemployment rate would have been nearly one percentage point higher, and as many as 1.5 million Americans would not have the jobs they have today.''
Bush is basing the claim on a July Treasury Department report.
The U.S. Treasury started sending $14 billion in checks worth as much as $400 per child to 25 million families. The rebates reflect an increase to $1,000 from $600 in the annual maximum child tax credit.
The jobless rate fell to 6.2 percent from a nine-year high of 6.4 percent, in part as discouraged job-seekers stopped looking for work, the Labor Department said.
Pocketbook Concern
McAuliffe said the economy would be the prime issue in next year's presidential campaign. ``I feel very confident that when people go to vote, they're going to vote on their pocketbooks,'' McAuliffe said on MSNBC.
``America's economy has challenges,'' Bush said today. ``I will not be satisfied until every American looking for work can find a job.''
The president in his address also urged Congress to pass energy legislation and restrictions on damage awards in lawsuits to supplement tax cuts as economic stimulus. ``We need legal reform to stop the frivolous lawsuits that are a drag on our economy,'' Bush said.
Payrolls declined after a revised 72,000 drop in June, more than twice the number originally reported, the Labor Department said. About 1.03 million jobs have been lost since the recession ended in November 2001.
Other government economic reports yesterday showed mixed results. Consumer spending, which accounts for 70 percent of the economy, rose in June for a fourth consecutive month.
``I have confidence in our economic future, because I have confidence in the people whose effort and creativity make this economy run -- the workers and the entrepreneurs of America,'' Bush said.
Last Updated: August 2, 2003 10:06 EDT
Aug. 2 (Bloomberg) -- President George W. Bush said his administration is ``preparing the way for vigorous growth and more jobs,'' defending his tax cuts against Democratic criticism as the U.S. economy continued to shed employees.
Bush said this year's $330 billion tax cut will benefit small business owners. Parents this week will begin receiving checks for as much as $400 per child, which ``will help American families move the economy forward,'' he said in his weekly radio address before heading today for a month on his Texas ranch and campaign stops in at least six states.
The Labor Department's report yesterday of 44,000 jobs lost in July marked the sixth straight monthly decline. The economy has lost jobs in 25 of the 31 months Bush has been president.
``Many Americans who want to work are still having trouble finding a job,'' Bush said today. ``My administration is acting to promote faster growth to encourage the creation of new jobs.''
Democrats vying to challenge Bush for the presidency next year, such as Senators John Kerry of Massachusetts and John Edwards of North Carolina, say the three tax cuts Bush has pushed through Congress are deepening federal budget deficits and benefit primarily the wealthy without creating jobs and lifting the economy.
The July job losses ``paint a bleak picture,'' and the president is trying to ``sugarcoat the economic situation,'' Democratic National Committee Chairman Terry McAuliffe said in a statement yesterday.
Economic Results
Bush contends that the economy would have been in worse shape without the three tax cuts totaling $1.7 trillion that he has signed into law.
``We are starting to see results from our actions,'' Bush said. ``My administration's economists believe that if we had not passed tax relief, our unemployment rate would have been nearly one percentage point higher, and as many as 1.5 million Americans would not have the jobs they have today.''
Bush is basing the claim on a July Treasury Department report.
The U.S. Treasury started sending $14 billion in checks worth as much as $400 per child to 25 million families. The rebates reflect an increase to $1,000 from $600 in the annual maximum child tax credit.
The jobless rate fell to 6.2 percent from a nine-year high of 6.4 percent, in part as discouraged job-seekers stopped looking for work, the Labor Department said.
Pocketbook Concern
McAuliffe said the economy would be the prime issue in next year's presidential campaign. ``I feel very confident that when people go to vote, they're going to vote on their pocketbooks,'' McAuliffe said on MSNBC.
``America's economy has challenges,'' Bush said today. ``I will not be satisfied until every American looking for work can find a job.''
The president in his address also urged Congress to pass energy legislation and restrictions on damage awards in lawsuits to supplement tax cuts as economic stimulus. ``We need legal reform to stop the frivolous lawsuits that are a drag on our economy,'' Bush said.
Payrolls declined after a revised 72,000 drop in June, more than twice the number originally reported, the Labor Department said. About 1.03 million jobs have been lost since the recession ended in November 2001.
Other government economic reports yesterday showed mixed results. Consumer spending, which accounts for 70 percent of the economy, rose in June for a fourth consecutive month.
``I have confidence in our economic future, because I have confidence in the people whose effort and creativity make this economy run -- the workers and the entrepreneurs of America,'' Bush said.
Last Updated: August 2, 2003 10:06 EDT
- Mensagens: 23939
- Registado: 5/11/2002 11:30
- Localização: 4
.S. Dollar Strengthens Against Euro for Third Week in Four
Aug. 2 (Bloomberg) -- The dollar had its biggest weekly gain against the euro since June in New York trading after reports signaled the U.S. economy is gaining steam.
Reports showing that gross domestic product rose more than economists forecast in the second quarter, and that the manufacturing economy expanded in July helped push the U.S. currency up 2.05 percent against the 12-nation European currency this week.
``The growth story started to gain momentum, which helped the dollar,'' said Daniel Janis, who helps manage the $1.45 billion John Hancock Strategic Income Fund, a global bond fund.
The dollar ended the week at $1.1276 per euro as of about 5:00 p.m. in New York, compared with $1.1507 the week before. The gain was the most for the dollar since it rose 2.3 percent in the five days ended June 20.
Against the Japanese currency, the dollar rose 1.14 percent, its third straight weekly gain. The dollar ended Friday at 120.12 yen, up from 118.77 a week earlier. The gain was the biggest since the dollar increased 2.04 percent in the last week of May.
The U.S. currency pared some of its gains Friday after the Labor Department said payrolls shrank in July for a sixth consecutive month. The unemployment rate dropped to 6.2 percent from 6.4 percent. The median forecast of economists polled by Bloomberg News was for payrolls to expand by 10,000 and a 6.3 percent unemployment rate.
``There's still a glimmer, with the lower unemployment rate, for a brightening U.S. economy, but it comes against a very bleak landscape of job losses,'' said Andrew Weiss, currency strategist at AIG Trading Group, a unit of American International Group Inc. in Greenwich, Connecticut.
Earlier in the week the dollar rose after the government said the economy expanded at a 2.4 percent annual rate in the second quarter, compared with economists' predictions for a 1.5 percent rate.
Eni SpA
The numbers up until Friday ``have been fairly encouraging,'' said Charles Spence, head of foreign exchange and derivatives sales at ING Capital Markets LLC in New York. ``That led to the crescendo in the value of the dollar.''
A decline in first-time claims for unemployment benefits and an anecdotal report on the economy by the Federal Reserve which said ``the pace of economic activity increased a notch during June and the first half of July'' bolstered the view low interest rates are fueling an economic rebound.
By contrast, European manufacturing shrank in July. An index based on a survey of about 3,000 manufacturers in the euro region produced for Reuters Group Plc by NTC Research was 48 last month, compared with 46.4 in June.
The euro's 7.47 percent rise over the past year has made European products more expensive in other countries, hurting manufacturers. Eni SpA, the region's fourth-largest oil company, Thursday raised its forecast for the exchange rate, whose rise curbed second-quarter earnings.
Treasury Yields
A rise in U.S. Treasury note yields that has pushed them higher than those on most European government bonds helped drive the dollar higher against the euro.
The 10-year U.S. Treasury note yield has risen to 4.39 percent from a 45-year low of 3.07 percent in mid-June. The yield exceeds that of the 10-year German government bond by 20 basis points. At the beginning of the month, the bund yield was 40 basis points higher than the Treasury note's. A basis point is 0.01 percentage point.
``The euro has relied very heavily on fixed-income flows,'' said Steven Saywell, a currency strategist at Citigroup in London, the second-largest currency trader, according to Euromoney magazine. ``The euro was the biggest winner from bonds and will be the biggest loser.''
Temporary Gain
Since declining to a record low against the euro of $1.1933 in May, the dollar has gained about 5.9 percent. The dollar's recent gains may prove temporary as slow growth and rising U.S. federal budget deficits combine to discourage foreign investment in the U.S.
``I'm viewing it as a correction of a longer-term downtrend,'' ING's Spence said.
To the extent U.S. Treasury yields are rising because the federal budget deficits are growing, ``that's going to ultimately create unhealthy markets, which down the road will definitely take its toll on the dollar,'' Spence said. He expects the dollar to weaken to at least $1.25 per euro over the next 12 months.
The yen may fall after Zembei Mizoguchi, Japan's vice finance minister for international affairs, said his country's currency was ``in no condition to strengthen.''
The Bank of Japan sold 2.03 trillion yen ($16.9 billion) in July to prevent it from rising, bringing total sales to an annual record of 9.03 trillion yen, a Ministry of Finance report said yesterday. The ministry directs the central bank to buy or sell yen in the currency markets.
The sales, more than twice the highest estimate among 10 traders and analysts surveyed by Bloomberg News, helped the dollar gain 1.1 percent this year against the yen.
``Japan's obviously been successful,'' said Marshall Gittler, currency strategist in Tokyo at Deutsche Bank AG, the third-biggest trader in the daily $1.2 trillion currency market. ``The proof is that the dollar is at 120 yen and not 110.''
Last Updated: August 2, 2003 09:31 EDT
Aug. 2 (Bloomberg) -- The dollar had its biggest weekly gain against the euro since June in New York trading after reports signaled the U.S. economy is gaining steam.
Reports showing that gross domestic product rose more than economists forecast in the second quarter, and that the manufacturing economy expanded in July helped push the U.S. currency up 2.05 percent against the 12-nation European currency this week.
``The growth story started to gain momentum, which helped the dollar,'' said Daniel Janis, who helps manage the $1.45 billion John Hancock Strategic Income Fund, a global bond fund.
The dollar ended the week at $1.1276 per euro as of about 5:00 p.m. in New York, compared with $1.1507 the week before. The gain was the most for the dollar since it rose 2.3 percent in the five days ended June 20.
Against the Japanese currency, the dollar rose 1.14 percent, its third straight weekly gain. The dollar ended Friday at 120.12 yen, up from 118.77 a week earlier. The gain was the biggest since the dollar increased 2.04 percent in the last week of May.
The U.S. currency pared some of its gains Friday after the Labor Department said payrolls shrank in July for a sixth consecutive month. The unemployment rate dropped to 6.2 percent from 6.4 percent. The median forecast of economists polled by Bloomberg News was for payrolls to expand by 10,000 and a 6.3 percent unemployment rate.
``There's still a glimmer, with the lower unemployment rate, for a brightening U.S. economy, but it comes against a very bleak landscape of job losses,'' said Andrew Weiss, currency strategist at AIG Trading Group, a unit of American International Group Inc. in Greenwich, Connecticut.
Earlier in the week the dollar rose after the government said the economy expanded at a 2.4 percent annual rate in the second quarter, compared with economists' predictions for a 1.5 percent rate.
Eni SpA
The numbers up until Friday ``have been fairly encouraging,'' said Charles Spence, head of foreign exchange and derivatives sales at ING Capital Markets LLC in New York. ``That led to the crescendo in the value of the dollar.''
A decline in first-time claims for unemployment benefits and an anecdotal report on the economy by the Federal Reserve which said ``the pace of economic activity increased a notch during June and the first half of July'' bolstered the view low interest rates are fueling an economic rebound.
By contrast, European manufacturing shrank in July. An index based on a survey of about 3,000 manufacturers in the euro region produced for Reuters Group Plc by NTC Research was 48 last month, compared with 46.4 in June.
The euro's 7.47 percent rise over the past year has made European products more expensive in other countries, hurting manufacturers. Eni SpA, the region's fourth-largest oil company, Thursday raised its forecast for the exchange rate, whose rise curbed second-quarter earnings.
Treasury Yields
A rise in U.S. Treasury note yields that has pushed them higher than those on most European government bonds helped drive the dollar higher against the euro.
The 10-year U.S. Treasury note yield has risen to 4.39 percent from a 45-year low of 3.07 percent in mid-June. The yield exceeds that of the 10-year German government bond by 20 basis points. At the beginning of the month, the bund yield was 40 basis points higher than the Treasury note's. A basis point is 0.01 percentage point.
``The euro has relied very heavily on fixed-income flows,'' said Steven Saywell, a currency strategist at Citigroup in London, the second-largest currency trader, according to Euromoney magazine. ``The euro was the biggest winner from bonds and will be the biggest loser.''
Temporary Gain
Since declining to a record low against the euro of $1.1933 in May, the dollar has gained about 5.9 percent. The dollar's recent gains may prove temporary as slow growth and rising U.S. federal budget deficits combine to discourage foreign investment in the U.S.
``I'm viewing it as a correction of a longer-term downtrend,'' ING's Spence said.
To the extent U.S. Treasury yields are rising because the federal budget deficits are growing, ``that's going to ultimately create unhealthy markets, which down the road will definitely take its toll on the dollar,'' Spence said. He expects the dollar to weaken to at least $1.25 per euro over the next 12 months.
The yen may fall after Zembei Mizoguchi, Japan's vice finance minister for international affairs, said his country's currency was ``in no condition to strengthen.''
The Bank of Japan sold 2.03 trillion yen ($16.9 billion) in July to prevent it from rising, bringing total sales to an annual record of 9.03 trillion yen, a Ministry of Finance report said yesterday. The ministry directs the central bank to buy or sell yen in the currency markets.
The sales, more than twice the highest estimate among 10 traders and analysts surveyed by Bloomberg News, helped the dollar gain 1.1 percent this year against the yen.
``Japan's obviously been successful,'' said Marshall Gittler, currency strategist in Tokyo at Deutsche Bank AG, the third-biggest trader in the daily $1.2 trillion currency market. ``The proof is that the dollar is at 120 yen and not 110.''
Last Updated: August 2, 2003 09:31 EDT
- Mensagens: 23939
- Registado: 5/11/2002 11:30
- Localização: 4
U.S. Stocks Slide as Economy Loses Jobs; Financials Lead Drop
Aug. 2 (Bloomberg) -- U.S. stocks dropped, leaving the Dow Jones Industrial Average with its first weekly decline since June, as the economy unexpectedly lost jobs last month and a gauge of manufacturing fell short of economists' forecasts.
The government reports tempered optimism that corporate profits will grow fast enough during the second half to support higher share prices.
``We're going to need to see an improving job market to prove the economy is doing better and give justification to the equity prices we have right now,'' said Allan Meyers, who helps manage $30 billion for Fifth Third Bank. He recently bought shares of Citigroup Inc. and American International Group Inc.
The Dow average dropped 79.83, or 0.9 percent, to 9153.97. Johnson & Johnson helped lead the decline after Merrill Lynch & Co. downgraded the world's biggest maker of medical devices. The Nasdaq Composite Index slipped 19.43, or 1.1 percent, to 1715.59.
Financial shares such as J.P. Morgan Chase & Co. weighed on the Dow and the Standard & Poor's 500 Index, which fell 10.16, or 1 percent, to 980.15. They accounted for more than a third of the S&P 500's loss. John Hancock Financial Services Inc., the fourth- largest U.S. life insurer by market value, dropped after cutting its 2003 sales forecast.
Jobs Lost
More than five stocks declined for every two that advanced on the New York Stock Exchange. Almost 1.4 billion shares changed hands on the Big Board, 5.2 percent less than the daily average during the past three months.
This week, the Dow average lost 1.4 percent, the first drop since the period ended June 27. The S&P 500 fell 1.9 percent and the Nasdaq shed 0.9 percent.
Stocks retreated after the Labor Department said the economy lost 44,000 jobs last month, the sixth straight decline, and the unemployment rate fell to 6.2 percent from 6.4 percent in June. On average, economists predicted the creation of 10,000 jobs and a jobless rate of 6.3 percent, according to a Bloomberg poll.
The market's losses widened after the Institute for Supply Management's factory index rose less than expected. The measure increased to 51.8 in July, below the 52 forecast by economists in a Bloomberg survey. June's figure was 49.8. A reading higher than 50 indicates expansion, while a reading lower than 50 reflects contraction.
The shortfalls contrasted with statistics on second-quarter growth, Midwest manufacturing and jobless claims were better than economists forecast and lifted share prices. The S&P 500 has risen 22 percent from its 2003 low in March.
Second-Half Estimates
``The market has clearly discounted a recovery,'' said Bob Sitko, portfolio manager at USAA Investment Management Co., which oversees $27 billion in San Antonio. ``We'd better get one and we'd better see continued improvement in corporate profitability, otherwise this rally's over.''
More than 80 percent of S&P 500 companies have reported quarterly results, and earnings have climbed an average of 8.8 percent, according to Thomson Financial. Analysts forecast that profit will increase 13.4 percent this quarter and 21.3 percent next period, Thomson Financial said.
Johnson & Johnson fell $1.36 to $50.43. Merrill Lynch analyst Daniel Lemaitre cut his rating to ``neutral'' from ``buy,'' citing concern about competition in the stent market.
J.P. Morgan, the second-largest U.S. bank by assets, fell $1.69 to $33.36 and was the biggest drag on the Dow average.
John Hancock shed $2.03 to $30.62. The company reduced this year's sales forecast for retail annuities, institutional investments and life insurance to below last year's levels.
Airlines Slide
XL Capital Ltd., the biggest Bermuda-based insurer, fell $4.40 to $75.10. The company's second-quarter profit failed to exceed the average analyst forecast of $1.94 a share, according to a survey by Thomson Financial.
Cigna Corp., the No. 3 U.S. health insurer, shed $1.23 to $45.55. It reported a quarterly loss of $53 million because of higher reserves for reinsurance expenses.
Allied Waste Industries Inc. fell $1.29 to $10.83. The 11 percent decline was the biggest in the S&P 500. The No. 2 U.S. trash hauler had second-quarter profit of 13 cents a share from continuing operations before a write off, short of the 20-cent analyst estimate in a Thomson Financial survey.
Airline shares such as Delta Air Lines Inc. dropped after United Airlines' parent, UAL Corp., said its second-quarter loss almost doubled to $623 million.
Delta, the No. 3 U.S. carrier, lost 67 cents to $11.23. AMR Corp., parent of American Airlines, slipped 40 cents to $8.95. UAL, which filed for the industry's biggest bankruptcy in December, fell 3 cents to 48 cents.
Disney, Altria Gain
AT&T Corp., the biggest U.S. long-distance phone company, climbed 84 cents to $22.10. WorldCom Inc., a rival seeking to emerge from the largest bankruptcy in U.S. history, was suspended from competing for new government contracts.
Walt Disney Co., the second-biggest U.S. media company, gained 60 cents to $22.52. Its fiscal third-quarter profit of 19 cents a share topped the average analyst forecast by 3 cents, according to Thomson Financial. Sales climbed 6.6 percent to $6.18 billion on higher television and film-studio sales.
Altria Group Inc. gained 27 cents to $40.28. A court found that its Philip Morris USA tobacco unit isn't liable for the lung cancer of a Los Angeles smoker.
Research In Motion Ltd. jumped $3.20 to $27.28. The maker of BlackBerry e-mail pagers rose amid speculation it may be acquired by Hewlett-Packard Co. or another company. Research In Motion officials couldn't be reached for comment.
Futures, QQQs
S&P 500 futures expiring in September slid 9.70 to 979.60 on the Chicago Mercantile Exchange. Nasdaq-100 Index futures dropped 11.50 to 1267.50. The index, a benchmark for Nasdaq's largest companies, fell 12.60 to 1264.34.
Nasdaq-100 tracking shares, known by their QQQ ticker symbol, slipped 34 cents to $31.46. The S&P 500 shares known as Spiders declined 88 cents to $98.51.
The Russell 2000 Index of small stocks shed 7.94, or 1.7 percent, to 468.08. The Wilshire 5000 Total Market Index, the broadest measure of U.S. shares, fell 100.93, or 1.1 percent, to 9454.12. Based on the Wilshire, the total value of U.S. stocks declined $121.1 billion.
Aug. 2 (Bloomberg) -- U.S. stocks dropped, leaving the Dow Jones Industrial Average with its first weekly decline since June, as the economy unexpectedly lost jobs last month and a gauge of manufacturing fell short of economists' forecasts.
The government reports tempered optimism that corporate profits will grow fast enough during the second half to support higher share prices.
``We're going to need to see an improving job market to prove the economy is doing better and give justification to the equity prices we have right now,'' said Allan Meyers, who helps manage $30 billion for Fifth Third Bank. He recently bought shares of Citigroup Inc. and American International Group Inc.
The Dow average dropped 79.83, or 0.9 percent, to 9153.97. Johnson & Johnson helped lead the decline after Merrill Lynch & Co. downgraded the world's biggest maker of medical devices. The Nasdaq Composite Index slipped 19.43, or 1.1 percent, to 1715.59.
Financial shares such as J.P. Morgan Chase & Co. weighed on the Dow and the Standard & Poor's 500 Index, which fell 10.16, or 1 percent, to 980.15. They accounted for more than a third of the S&P 500's loss. John Hancock Financial Services Inc., the fourth- largest U.S. life insurer by market value, dropped after cutting its 2003 sales forecast.
Jobs Lost
More than five stocks declined for every two that advanced on the New York Stock Exchange. Almost 1.4 billion shares changed hands on the Big Board, 5.2 percent less than the daily average during the past three months.
This week, the Dow average lost 1.4 percent, the first drop since the period ended June 27. The S&P 500 fell 1.9 percent and the Nasdaq shed 0.9 percent.
Stocks retreated after the Labor Department said the economy lost 44,000 jobs last month, the sixth straight decline, and the unemployment rate fell to 6.2 percent from 6.4 percent in June. On average, economists predicted the creation of 10,000 jobs and a jobless rate of 6.3 percent, according to a Bloomberg poll.
The market's losses widened after the Institute for Supply Management's factory index rose less than expected. The measure increased to 51.8 in July, below the 52 forecast by economists in a Bloomberg survey. June's figure was 49.8. A reading higher than 50 indicates expansion, while a reading lower than 50 reflects contraction.
The shortfalls contrasted with statistics on second-quarter growth, Midwest manufacturing and jobless claims were better than economists forecast and lifted share prices. The S&P 500 has risen 22 percent from its 2003 low in March.
Second-Half Estimates
``The market has clearly discounted a recovery,'' said Bob Sitko, portfolio manager at USAA Investment Management Co., which oversees $27 billion in San Antonio. ``We'd better get one and we'd better see continued improvement in corporate profitability, otherwise this rally's over.''
More than 80 percent of S&P 500 companies have reported quarterly results, and earnings have climbed an average of 8.8 percent, according to Thomson Financial. Analysts forecast that profit will increase 13.4 percent this quarter and 21.3 percent next period, Thomson Financial said.
Johnson & Johnson fell $1.36 to $50.43. Merrill Lynch analyst Daniel Lemaitre cut his rating to ``neutral'' from ``buy,'' citing concern about competition in the stent market.
J.P. Morgan, the second-largest U.S. bank by assets, fell $1.69 to $33.36 and was the biggest drag on the Dow average.
John Hancock shed $2.03 to $30.62. The company reduced this year's sales forecast for retail annuities, institutional investments and life insurance to below last year's levels.
Airlines Slide
XL Capital Ltd., the biggest Bermuda-based insurer, fell $4.40 to $75.10. The company's second-quarter profit failed to exceed the average analyst forecast of $1.94 a share, according to a survey by Thomson Financial.
Cigna Corp., the No. 3 U.S. health insurer, shed $1.23 to $45.55. It reported a quarterly loss of $53 million because of higher reserves for reinsurance expenses.
Allied Waste Industries Inc. fell $1.29 to $10.83. The 11 percent decline was the biggest in the S&P 500. The No. 2 U.S. trash hauler had second-quarter profit of 13 cents a share from continuing operations before a write off, short of the 20-cent analyst estimate in a Thomson Financial survey.
Airline shares such as Delta Air Lines Inc. dropped after United Airlines' parent, UAL Corp., said its second-quarter loss almost doubled to $623 million.
Delta, the No. 3 U.S. carrier, lost 67 cents to $11.23. AMR Corp., parent of American Airlines, slipped 40 cents to $8.95. UAL, which filed for the industry's biggest bankruptcy in December, fell 3 cents to 48 cents.
Disney, Altria Gain
AT&T Corp., the biggest U.S. long-distance phone company, climbed 84 cents to $22.10. WorldCom Inc., a rival seeking to emerge from the largest bankruptcy in U.S. history, was suspended from competing for new government contracts.
Walt Disney Co., the second-biggest U.S. media company, gained 60 cents to $22.52. Its fiscal third-quarter profit of 19 cents a share topped the average analyst forecast by 3 cents, according to Thomson Financial. Sales climbed 6.6 percent to $6.18 billion on higher television and film-studio sales.
Altria Group Inc. gained 27 cents to $40.28. A court found that its Philip Morris USA tobacco unit isn't liable for the lung cancer of a Los Angeles smoker.
Research In Motion Ltd. jumped $3.20 to $27.28. The maker of BlackBerry e-mail pagers rose amid speculation it may be acquired by Hewlett-Packard Co. or another company. Research In Motion officials couldn't be reached for comment.
Futures, QQQs
S&P 500 futures expiring in September slid 9.70 to 979.60 on the Chicago Mercantile Exchange. Nasdaq-100 Index futures dropped 11.50 to 1267.50. The index, a benchmark for Nasdaq's largest companies, fell 12.60 to 1264.34.
Nasdaq-100 tracking shares, known by their QQQ ticker symbol, slipped 34 cents to $31.46. The S&P 500 shares known as Spiders declined 88 cents to $98.51.
The Russell 2000 Index of small stocks shed 7.94, or 1.7 percent, to 468.08. The Wilshire 5000 Total Market Index, the broadest measure of U.S. shares, fell 100.93, or 1.1 percent, to 9454.12. Based on the Wilshire, the total value of U.S. stocks declined $121.1 billion.
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- Registado: 5/11/2002 11:30
- Localização: 4
Aug. 2 (Bloomberg) -- Verizon Communications Inc., the largest U.S. local-phone company, and unions representing 78,000 employees from Maine to Virginia kept talking today to resolve contract terms as a midnight strike deadline nears.
Talks resumed at 9:30 a.m. today local time at hotels in New York and Washington, said Candice Johnson, spokeswoman for the Communications Workers of America.
``We still have issues to work through,'' Johnson said. ``The key issue certainly for our members is the job and job security issue. We're working to resolve that and get a fair contract by tonight.''
Verizon ``wouldn't want to handicap'' the chances of averting a strike, company spokesman John Bonomo said. ``The encouraging sign is that all the parties are talking,'' he said. Federal mediator Peter Hurtgen is shepherding the talks.
The Verizon workers, serving more than 20 million residential and business customers, have said they will strike as early as tomorrow should they fail to set terms for new contracts after existing agreements expire at midnight. A two-week strike three years ago caused delays in fixing and installing new phone lines and reaching customer service.
Strike Likely
New York-based Verizon, which has lost more than 7 million local-phone lines in three years as the economy slowed and competitors nabbed customers, wants flexibility in cutting jobs and moving employees. The unions want to be able to recruit at the wireless unit and guarantees that their members will be used to help Verizon expand its network for high-speed Internet access.
Negotiators have been bargaining since June 16 and shown few signs they're resolving differences, an investor said. Verizon stock has declined and may fall more in coming days on concern a strike will result in service disruptions and crimp sales.
``The likelihood of a strike is very high,'' said Daniela Spassova, an analyst at Principal Global Investors, which oversees $57 billion in securities, including Verizon debt. ``Any strike usually causes bad performance in the company's securities in the short term. Investors don't like uncertanity and bad headlines.''
Verizon stock fell 62 cents to $34.38 at 4 p.m. yesterday in New York Stock Exchange composite trading. The shares have declined 14 percent since talks started, compared to a 9.5 percent decline for SBC Communications Inc., the second-biggest U.S. regional telephone company.
Training Managers
To minimize a drop-off in service quality and the loss of business, Verizon has been training more than 30,000 managers in tasks usually handled by union members. The company showed staff how to repair damaged lines and maintain pay telephones. It barred staff from taking vacations in August, asked thousands of recently retired managers to rejoin the company and arranged for outside contractors to handle some work.
``There could be some small impact (on revenue) but that will be more than offset on the cost side'' as Verizon won't pay striking workers, Spassova said. ``Verizon will do its best not to have a deterioration in service quality.''
In 2000, before the existing contracts were signed, 87,000 Verizon workers struck, costing Verizon $30 million to $40 million in sales, said Michael Rollins, an analyst at Smith Barney, a unit of Citigroup Inc. Earnings weren't affected because labor costs fell, he said.
The CWA wants assurances that Verizon won't try to block it from seeking members at Verizon Wireless, the No. 1 U.S. mobile- phone carrier. Verizon wants to be able to transfer as many as 8 percent of the jobs covered by the contracts, up from 0.7 percent now.
The International Brotherhood of Electrical Workers, representing about 20,000 of the workers whose contracts are under discussion, is also involved in the negotiations.
Hurtgen, head of the Federal Mediation and Conciliation Service, began meeting with Verizon managers and unions this week.
Last Updated: August 2, 2003 10:38 EDT
Talks resumed at 9:30 a.m. today local time at hotels in New York and Washington, said Candice Johnson, spokeswoman for the Communications Workers of America.
``We still have issues to work through,'' Johnson said. ``The key issue certainly for our members is the job and job security issue. We're working to resolve that and get a fair contract by tonight.''
Verizon ``wouldn't want to handicap'' the chances of averting a strike, company spokesman John Bonomo said. ``The encouraging sign is that all the parties are talking,'' he said. Federal mediator Peter Hurtgen is shepherding the talks.
The Verizon workers, serving more than 20 million residential and business customers, have said they will strike as early as tomorrow should they fail to set terms for new contracts after existing agreements expire at midnight. A two-week strike three years ago caused delays in fixing and installing new phone lines and reaching customer service.
Strike Likely
New York-based Verizon, which has lost more than 7 million local-phone lines in three years as the economy slowed and competitors nabbed customers, wants flexibility in cutting jobs and moving employees. The unions want to be able to recruit at the wireless unit and guarantees that their members will be used to help Verizon expand its network for high-speed Internet access.
Negotiators have been bargaining since June 16 and shown few signs they're resolving differences, an investor said. Verizon stock has declined and may fall more in coming days on concern a strike will result in service disruptions and crimp sales.
``The likelihood of a strike is very high,'' said Daniela Spassova, an analyst at Principal Global Investors, which oversees $57 billion in securities, including Verizon debt. ``Any strike usually causes bad performance in the company's securities in the short term. Investors don't like uncertanity and bad headlines.''
Verizon stock fell 62 cents to $34.38 at 4 p.m. yesterday in New York Stock Exchange composite trading. The shares have declined 14 percent since talks started, compared to a 9.5 percent decline for SBC Communications Inc., the second-biggest U.S. regional telephone company.
Training Managers
To minimize a drop-off in service quality and the loss of business, Verizon has been training more than 30,000 managers in tasks usually handled by union members. The company showed staff how to repair damaged lines and maintain pay telephones. It barred staff from taking vacations in August, asked thousands of recently retired managers to rejoin the company and arranged for outside contractors to handle some work.
``There could be some small impact (on revenue) but that will be more than offset on the cost side'' as Verizon won't pay striking workers, Spassova said. ``Verizon will do its best not to have a deterioration in service quality.''
In 2000, before the existing contracts were signed, 87,000 Verizon workers struck, costing Verizon $30 million to $40 million in sales, said Michael Rollins, an analyst at Smith Barney, a unit of Citigroup Inc. Earnings weren't affected because labor costs fell, he said.
The CWA wants assurances that Verizon won't try to block it from seeking members at Verizon Wireless, the No. 1 U.S. mobile- phone carrier. Verizon wants to be able to transfer as many as 8 percent of the jobs covered by the contracts, up from 0.7 percent now.
The International Brotherhood of Electrical Workers, representing about 20,000 of the workers whose contracts are under discussion, is also involved in the negotiations.
Hurtgen, head of the Federal Mediation and Conciliation Service, began meeting with Verizon managers and unions this week.
Last Updated: August 2, 2003 10:38 EDT
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U.S. Stocks Slide as Economy Loses Jobs; Financials Lead Drop
Aug. 1 (Bloomberg) -- U.S. stocks dropped, giving the Dow Jones Industrial Average its first weekly decline since June, as the economy unexpectedly lost jobs last month and a gauge of manufacturing fell short of economists' forecasts.
The government reports tempered optimism that corporate profits will grow fast enough during the second half to support higher share prices.
``We're going to need to see an improving job market to prove the economy is doing better and give justification to the equity prices we have right now,'' said Allan Meyers, who helps manage $30 billion for Fifth Third Bank. He recently bought shares of Citigroup Inc. and American International Group Inc.
Johnson & Johnson slipped after Merrill Lynch & Co. downgraded shares of the world's biggest maker of medical devices. John Hancock Financial Services Inc., the fourth-largest U.S. life insurer by market value, dropped after cutting its 2003 sales forecast.
The Dow average dropped 79.83, or 0.9 percent, to 9153.97. The Standard & Poor's 500 Index fell 10.16, or 1 percent, to 980.15. Financial shares including J.P. Morgan Chase & Co. accounted for more than one third of the slide. The Nasdaq Composite Index slipped 19.43, or 1.1 percent, to 1715.59.
More than five stocks declined for every two that advanced on the New York Stock Exchange. Almost 1.4 billion shares changed hands on the Big Board, 5.1 percent less than the daily average over the past three months.
This week, the Dow average dropped 1.4 percent, the first drop since the period ended June 27. The S&P 500 fell 1.9 percent and the Nasdaq shed 0.9 percent.
Jobs Lost
The Labor Department said the economy lost 44,000 jobs last month, the sixth straight decline, and the unemployment rate fell to 6.2 percent from 6.4 in June. On average, economists predicted the creation of 10,000 jobs and a rate of 6.3 percent, according to a Bloomberg poll.
Stocks extended losses after the Institute for Supply Management's factory index rose less than expected. It increased to 51.8 in July, below the 52 forecast by economists in a Bloomberg survey. The index was at 49.8 in June. A reading over 50 indicates expansion, while under 50 reflects contraction.
The shortfalls contrasted with statistics yesterday on second-quarter growth, Midwest manufacturing and jobless claims that exceeded economists' forecasts and lifted share prices. The S&P 500 has risen 22 percent from its 2003 low in March.
``The market has clearly discounted a recovery,'' said Bob Sitko, portfolio manager at USAA Investment Management Co., which oversees $27 billion in San Antonio. ``We'd better get one and we'd better see continued improvement in corporate profitability, otherwise this rally's over.''
Second-Half Estimates
More than 80 percent of S&P 500 companies have reported quarterly results, and earnings have climbed an average of 8.8 percent, according to Thomson Financial. Analysts forecast profit will increase 13.4 percent this quarter and 21.3 percent next period, Thomson Financial said.
Johnson & Johnson fell $1.36 to $50.43. Merrill Lynch analyst Daniel Lemaitre cut his rating to ``neutral'' from ``buy,'' citing concern about competition in the stent market.
John Hancock shed $2.03 to $30.62. The company said reduced this year's sales forecast for retail annuities, institutional investments and life insurance to below last year's levels.
J.P. Morgan, the second-largest U.S. bank by assets, fell $1.69 to $33.36 and was the biggest drag on the Dow average.
XL Capital Slides
XL Capital Ltd., the biggest Bermuda-based insurer, fell $4.40 to $75.10. The company's second-quarter profit failed to exceed the $1.94 a share average forecast of 17 analysts surveyed by Thomson Financial.
Cigna Corp., the No. 3 U.S. health insurer, shed $1.23 to $45.55. It reported a quarterly loss of $53 million because of higher reserves for reinsurance expenses.
Allied Waste Industries Inc. fell $1.29 to $10.83. The 11 percent decline was the biggest in the S&P 500. The No. 2 U.S. trash hauler had second-quarter profit of 13 cents a share from continuing operations before a write off, short of the 20-cent analyst estimate in a Thomson Financial survey.
Airline shares including Delta Air Lines Inc. fell after United Airlines parent UAL Corp. said its second-quarter loss almost doubled to $623 million. Delta, the No. 3 U.S. carrier, lost 67 cents to $11.23. AMR Corp., parent of American Airlines, slipped 40 cents to $8.95. UAL, which filed for the industry's biggest bankruptcy in December, fell 3 cents to 48 cents.
AT&T Gains
AT&T Corp., the biggest U.S. long-distance phone company, climbed 84 cents to $22.10. WorldCom Inc., a rival seeking to emerge from the largest bankruptcy in U.S. history, was suspended from competing for new government contracts.
Walt Disney Co., the second-biggest U.S. media company, added 60 cents to $22.52. It had fiscal third-quarter profit of 19 cents a share, topping the average analyst forecast by 3 cents, according to Thomson Financial. Sales climbed 6.6 percent to $6.18 billion on higher television and film-studio sales.
Altria Group Inc. gained 27 cents to $40.28. A court found that its Philip Morris USA tobacco unit isn't liable for the lung cancer of a Los Angeles smoker.
Research In Motion Ltd. jumped $3.20 to $27.28. The maker of BlackBerry e-mail pagers jumped on speculation it may be acquired by Hewlett-Packard Co. or another company. Research In Motion officials couldn't be reached for comment.
Futures, QQQs
S&P 500 futures expiring in September slid 9.80 to 979.50 on the Chicago Mercantile Exchange. Nasdaq-100 Index futures dropped 10.00 to 1269.00. The index, a benchmark for Nasdaq's largest companies, fell 12.68 to 1264.26.
Nasdaq-100 tracking shares, known by their QQQ ticker symbol, slipped 31 cents to $31.49. The S&P 500 shares known as Spiders declined 91 cents to $98.48.
The Russell 2000 Index of small stocks shed 7.94, or 1.7 percent, to 468.08. The Wilshire 5000 Total Market Index, the broadest measure of U.S. shares, fell 100.93, or 1.1 percent, to 9454.12. Based on the Wilshire, the total value of U.S. stocks declined $121.1 billion.
Aug. 1 (Bloomberg) -- U.S. stocks dropped, giving the Dow Jones Industrial Average its first weekly decline since June, as the economy unexpectedly lost jobs last month and a gauge of manufacturing fell short of economists' forecasts.
The government reports tempered optimism that corporate profits will grow fast enough during the second half to support higher share prices.
``We're going to need to see an improving job market to prove the economy is doing better and give justification to the equity prices we have right now,'' said Allan Meyers, who helps manage $30 billion for Fifth Third Bank. He recently bought shares of Citigroup Inc. and American International Group Inc.
Johnson & Johnson slipped after Merrill Lynch & Co. downgraded shares of the world's biggest maker of medical devices. John Hancock Financial Services Inc., the fourth-largest U.S. life insurer by market value, dropped after cutting its 2003 sales forecast.
The Dow average dropped 79.83, or 0.9 percent, to 9153.97. The Standard & Poor's 500 Index fell 10.16, or 1 percent, to 980.15. Financial shares including J.P. Morgan Chase & Co. accounted for more than one third of the slide. The Nasdaq Composite Index slipped 19.43, or 1.1 percent, to 1715.59.
More than five stocks declined for every two that advanced on the New York Stock Exchange. Almost 1.4 billion shares changed hands on the Big Board, 5.1 percent less than the daily average over the past three months.
This week, the Dow average dropped 1.4 percent, the first drop since the period ended June 27. The S&P 500 fell 1.9 percent and the Nasdaq shed 0.9 percent.
Jobs Lost
The Labor Department said the economy lost 44,000 jobs last month, the sixth straight decline, and the unemployment rate fell to 6.2 percent from 6.4 in June. On average, economists predicted the creation of 10,000 jobs and a rate of 6.3 percent, according to a Bloomberg poll.
Stocks extended losses after the Institute for Supply Management's factory index rose less than expected. It increased to 51.8 in July, below the 52 forecast by economists in a Bloomberg survey. The index was at 49.8 in June. A reading over 50 indicates expansion, while under 50 reflects contraction.
The shortfalls contrasted with statistics yesterday on second-quarter growth, Midwest manufacturing and jobless claims that exceeded economists' forecasts and lifted share prices. The S&P 500 has risen 22 percent from its 2003 low in March.
``The market has clearly discounted a recovery,'' said Bob Sitko, portfolio manager at USAA Investment Management Co., which oversees $27 billion in San Antonio. ``We'd better get one and we'd better see continued improvement in corporate profitability, otherwise this rally's over.''
Second-Half Estimates
More than 80 percent of S&P 500 companies have reported quarterly results, and earnings have climbed an average of 8.8 percent, according to Thomson Financial. Analysts forecast profit will increase 13.4 percent this quarter and 21.3 percent next period, Thomson Financial said.
Johnson & Johnson fell $1.36 to $50.43. Merrill Lynch analyst Daniel Lemaitre cut his rating to ``neutral'' from ``buy,'' citing concern about competition in the stent market.
John Hancock shed $2.03 to $30.62. The company said reduced this year's sales forecast for retail annuities, institutional investments and life insurance to below last year's levels.
J.P. Morgan, the second-largest U.S. bank by assets, fell $1.69 to $33.36 and was the biggest drag on the Dow average.
XL Capital Slides
XL Capital Ltd., the biggest Bermuda-based insurer, fell $4.40 to $75.10. The company's second-quarter profit failed to exceed the $1.94 a share average forecast of 17 analysts surveyed by Thomson Financial.
Cigna Corp., the No. 3 U.S. health insurer, shed $1.23 to $45.55. It reported a quarterly loss of $53 million because of higher reserves for reinsurance expenses.
Allied Waste Industries Inc. fell $1.29 to $10.83. The 11 percent decline was the biggest in the S&P 500. The No. 2 U.S. trash hauler had second-quarter profit of 13 cents a share from continuing operations before a write off, short of the 20-cent analyst estimate in a Thomson Financial survey.
Airline shares including Delta Air Lines Inc. fell after United Airlines parent UAL Corp. said its second-quarter loss almost doubled to $623 million. Delta, the No. 3 U.S. carrier, lost 67 cents to $11.23. AMR Corp., parent of American Airlines, slipped 40 cents to $8.95. UAL, which filed for the industry's biggest bankruptcy in December, fell 3 cents to 48 cents.
AT&T Gains
AT&T Corp., the biggest U.S. long-distance phone company, climbed 84 cents to $22.10. WorldCom Inc., a rival seeking to emerge from the largest bankruptcy in U.S. history, was suspended from competing for new government contracts.
Walt Disney Co., the second-biggest U.S. media company, added 60 cents to $22.52. It had fiscal third-quarter profit of 19 cents a share, topping the average analyst forecast by 3 cents, according to Thomson Financial. Sales climbed 6.6 percent to $6.18 billion on higher television and film-studio sales.
Altria Group Inc. gained 27 cents to $40.28. A court found that its Philip Morris USA tobacco unit isn't liable for the lung cancer of a Los Angeles smoker.
Research In Motion Ltd. jumped $3.20 to $27.28. The maker of BlackBerry e-mail pagers jumped on speculation it may be acquired by Hewlett-Packard Co. or another company. Research In Motion officials couldn't be reached for comment.
Futures, QQQs
S&P 500 futures expiring in September slid 9.80 to 979.50 on the Chicago Mercantile Exchange. Nasdaq-100 Index futures dropped 10.00 to 1269.00. The index, a benchmark for Nasdaq's largest companies, fell 12.68 to 1264.26.
Nasdaq-100 tracking shares, known by their QQQ ticker symbol, slipped 31 cents to $31.49. The S&P 500 shares known as Spiders declined 91 cents to $98.48.
The Russell 2000 Index of small stocks shed 7.94, or 1.7 percent, to 468.08. The Wilshire 5000 Total Market Index, the broadest measure of U.S. shares, fell 100.93, or 1.1 percent, to 9454.12. Based on the Wilshire, the total value of U.S. stocks declined $121.1 billion.
- Mensagens: 23939
- Registado: 5/11/2002 11:30
- Localização: 4
European Stocks Gain This Week on Earnings, Economic Optimism
Aug. 1 (Bloomberg) -- European stocks gained this week as earnings of companies including Imperial Chemical Industries Plc and Schneider Electric SA topped analysts' forecasts.
Royal Philips Electronics NV and Munich Re led advances by companies with earnings dependent on the dollar as the U.S. currency headed toward its biggest weekly increase against the euro since March.
The Dow Jones Stoxx 600 Index dropped 1.1 percent today as of 9:09 p.m. in London, trimming its five-day increase to 1.4 percent. Each of the 18 industry groups rose this week except utilities, retail and health care. The Dow Jones Stoxx 50 Index lost 1.7 percent, for a weekly advance of 1 percent.
``There is a recovery out there and the earnings figures now demonstrate that,'' said Mike Lenhoff, who helps manage the equivalent of $21.7 billion as chief strategist at Brewin Dolphin Holdings Plc in London.
Imperial Chemical, the U.K.'s largest specialty chemical maker, yesterday said profit before tax and goodwill amortization fell 22 percent to 98 million pounds ($158 million), beating the 32 percent drop forecast on average by analysts surveyed by Bloomberg News. They climbed 28 percent this week.
Schneider Electric, the world's largest maker of circuit breakers, has added 4.6 percent since last Friday's close. The company said first-half profit rose 8 percent to 190 million euros ($214 million), more than the 152 million-euro median forecast of eight analysts in a Bloomberg News survey.
Dollar Gains
The dollar advanced 2.1 percent against the euro this week. That helps companies with U.S. sales that report in euros because they get more of the European currency as the dollar climbs.
The Commerce Department said yesterday the U.S. economy expanded at a 2.4 percent annual pace last quarter, faster than the 1.5 percent rate economists predicted, according to a Bloomberg survey.
Philips, a maker of consumer electronics that earns about 30 percent of its sales in the U.S., added 3.2 percent in the week. Munich Re, the world's largest reinsurance company by premiums, jumped 8.9 percent since last Friday's close. In June, Munich Re forecast its U.S. unit American Re would post a profit of $550 million this year.
Delhaize Group SA, a Brussels-based retailer that gets more than 70 percent of its sales from the U.S., jumped 23 percent today after raising its 2003 profit and sales forecasts, citing gains from cost cuts.
Earnings before amortization and one-time costs and gains will increase as much as 20 percent, excluding currency changes, the company said. Earlier it forecast profit would be little changed. The shares increased 21 percent this week.
U.S. Economy
Today, the dollar fell after the U.S. government said the U.S. economy unexpectedly lost 44,000 jobs last month and an industry report showed manufacturing expanded less than economists forecast. The U.S. had been expected to add 10,000 jobs according to the median forecast of economists in a Bloomberg Survey.
European stocks extended declines after the reports indicated growth in the region's largest export market may be weaker than anticipated.
U.S. Locomotive
``Europe needs the U.S. to rebound because it's the locomotive'' for global economic growth, said Benoit Flamant, chief executive at IT Asset Management in Paris, which oversees $225 million of technology-related stocks.
ABB Ltd., Europe's largest electrical-engineering company, led gains in the Stoxx 600, surging 55 percent over five days. The company said Tuesday it would meet its profit target for this year, prompting brokerages including Merrill Lynch & Co. and Deutsche Bank AG to raise their recommendation on the stock the following day.
Today, a U.S. judge approved the company's $1.3 billion settlement of 130,000 asbestos-related lawsuits, paving the way for the sale of the company's oil-services unit, which was facing claims.
BT Group Plc, the biggest U.K. phone company, was the Stoxx 50's largest decliner this week after it said sales in the three months through June dropped from the previous quarter. The figure overshadowed a 27 percent jump in net income, the company's fifth straight quarterly profit. The shares fell 5.9 percent.
Hagemeyer NV, the largest supplier of industrial safety products in the U.S., slid 19 percent in the week. On Thursday, the company reported a first-half loss, compared with a profit a year earlier, after sales fell and it set aside money to pay for job cuts.
Last Updated: August 1, 2003 16:30 EDT
Aug. 1 (Bloomberg) -- European stocks gained this week as earnings of companies including Imperial Chemical Industries Plc and Schneider Electric SA topped analysts' forecasts.
Royal Philips Electronics NV and Munich Re led advances by companies with earnings dependent on the dollar as the U.S. currency headed toward its biggest weekly increase against the euro since March.
The Dow Jones Stoxx 600 Index dropped 1.1 percent today as of 9:09 p.m. in London, trimming its five-day increase to 1.4 percent. Each of the 18 industry groups rose this week except utilities, retail and health care. The Dow Jones Stoxx 50 Index lost 1.7 percent, for a weekly advance of 1 percent.
``There is a recovery out there and the earnings figures now demonstrate that,'' said Mike Lenhoff, who helps manage the equivalent of $21.7 billion as chief strategist at Brewin Dolphin Holdings Plc in London.
Imperial Chemical, the U.K.'s largest specialty chemical maker, yesterday said profit before tax and goodwill amortization fell 22 percent to 98 million pounds ($158 million), beating the 32 percent drop forecast on average by analysts surveyed by Bloomberg News. They climbed 28 percent this week.
Schneider Electric, the world's largest maker of circuit breakers, has added 4.6 percent since last Friday's close. The company said first-half profit rose 8 percent to 190 million euros ($214 million), more than the 152 million-euro median forecast of eight analysts in a Bloomberg News survey.
Dollar Gains
The dollar advanced 2.1 percent against the euro this week. That helps companies with U.S. sales that report in euros because they get more of the European currency as the dollar climbs.
The Commerce Department said yesterday the U.S. economy expanded at a 2.4 percent annual pace last quarter, faster than the 1.5 percent rate economists predicted, according to a Bloomberg survey.
Philips, a maker of consumer electronics that earns about 30 percent of its sales in the U.S., added 3.2 percent in the week. Munich Re, the world's largest reinsurance company by premiums, jumped 8.9 percent since last Friday's close. In June, Munich Re forecast its U.S. unit American Re would post a profit of $550 million this year.
Delhaize Group SA, a Brussels-based retailer that gets more than 70 percent of its sales from the U.S., jumped 23 percent today after raising its 2003 profit and sales forecasts, citing gains from cost cuts.
Earnings before amortization and one-time costs and gains will increase as much as 20 percent, excluding currency changes, the company said. Earlier it forecast profit would be little changed. The shares increased 21 percent this week.
U.S. Economy
Today, the dollar fell after the U.S. government said the U.S. economy unexpectedly lost 44,000 jobs last month and an industry report showed manufacturing expanded less than economists forecast. The U.S. had been expected to add 10,000 jobs according to the median forecast of economists in a Bloomberg Survey.
European stocks extended declines after the reports indicated growth in the region's largest export market may be weaker than anticipated.
U.S. Locomotive
``Europe needs the U.S. to rebound because it's the locomotive'' for global economic growth, said Benoit Flamant, chief executive at IT Asset Management in Paris, which oversees $225 million of technology-related stocks.
ABB Ltd., Europe's largest electrical-engineering company, led gains in the Stoxx 600, surging 55 percent over five days. The company said Tuesday it would meet its profit target for this year, prompting brokerages including Merrill Lynch & Co. and Deutsche Bank AG to raise their recommendation on the stock the following day.
Today, a U.S. judge approved the company's $1.3 billion settlement of 130,000 asbestos-related lawsuits, paving the way for the sale of the company's oil-services unit, which was facing claims.
BT Group Plc, the biggest U.K. phone company, was the Stoxx 50's largest decliner this week after it said sales in the three months through June dropped from the previous quarter. The figure overshadowed a 27 percent jump in net income, the company's fifth straight quarterly profit. The shares fell 5.9 percent.
Hagemeyer NV, the largest supplier of industrial safety products in the U.S., slid 19 percent in the week. On Thursday, the company reported a first-half loss, compared with a profit a year earlier, after sales fell and it set aside money to pay for job cuts.
Last Updated: August 1, 2003 16:30 EDT
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- Localização: 4
Asian Stocks Rally; Matsushita, Samsung Electronics Lead Gains
Aug. 1 (Bloomberg) -- Asian stocks rose, led by exporters such as Matsushita Electric Industrial Co. and Samsung Electronics Co., as U.S. reports on growth, jobless claims and manufacturing suggested that demand from the world's largest economy will increase.
``Exporters depend hugely on the U.S. and any flow of good news will help their stocks,'' said Hiroshi Mizutani, who helps manage the equivalent of $3.3 billion yen in equities at Asahi Life Asset Management Co. in Tokyo. He keeps his stake in automakers above their 11 percent weighting in the Topix index and holds shares such as Toyota Motor Corp.
Japan's Nikkei 225 Stock Average added 0.5 percent to 9611.67, while the Topix rose 0.3 percent to 942.41 at the 3 p.m. close in Tokyo. South Korea's Kospi climbed 1.9 percent, rising for the first day in three. Samsung Electronics, the nation's top exporter, led the advance.
Taiwan's TWSE Index rose 1.4 percent, led by Taiwan Semiconductor Manufacturing Co., which relies on U.S. sales for three-quarters of its revenue. The Hang Seng Index rose for a sixth day in seven in Hong Kong.
Benchmarks in Singapore, China, the Philippines and Indonesia fell.
Stock benchmarks in Japan, South Korea, Taiwan and Hong Kong completed their third monthly gain in July as some investors speculated that economic and profit growth in the U.S. would accelerate in the second half of the year, helping boost earnings at Asian exporters.
The last time the Nikkei rallied for three consecutive months was in May 2002, when it rose for four months. For South Korea's Kospi, it was the longest monthly winning streak since March 2002 when it had six straight monthly gains, while in Hong Kong, the Hang Seng index last rose for four straight months in July 1997.
Matsushita, Honda
For the week, the Nikkei fell 0.4 percent, while the Topix lost 0.3 percent. Japan's stock benchmarks completed their longest monthly winning run in July since May 2002, with the Topix gaining for a fourth month and the Nikkei rising for a third.
Matsushita Electric, the world's biggest maker of consumer electronics, gained 1.8 percent to 1,451 yen. The company, which sells its products under the Panasonic brand name, earlier this week reported a 27 percent gain in its first-quarter operating profit citing increasing demand for flat-screen televisions.
Honda Motor Co., which generates almost 90 percent of its operating profit in North America, advanced 1.9 percent to 4,740 yen. The automaker, Japan's second-largest, earlier this week raised its full-year earnings forecast.
``Our portfolio is built on the view that growth outside of Japan is going to be significantly greater than growth in Japan'' and the U.S. economic reports justify that, said Marc Desmidt, who helps manage the equivalent of $8.5 billion as head of investment at Merrill Lynch Investment Managers Co. in Tokyo. He holds shares of Nissan Motor Co. and Canon Inc.
Nikkei 225 futures for September delivery rose 0.2 percent to 9590 in Osaka and gained 0.3 percent to 9595 in Singapore.
U.S. Growth
The U.S. economy expanded at 2.4 percent annual rate in the second quarter, faster than economists surveyed by Bloomberg News had expected, while initial jobless claims declined to its lowest since February, the U.S. government said. Meanwhile, the index of Chicago-area manufacturing rose in July.
The U.S. government may report later today that the July jobless rate may have fallen from a nine-year high, according to economists surveyed by Bloomberg News.
The Kospi rose 13.74 to 727.26 in Seoul. Kospi 200 futures for September added 1.5 percent to 93.80, while its underlying index advanced 2.1 percent to 93.46.
Samsung Electronics, whose exports account for 10 percent of South Korea's overseas shipments, rose 2.4 percent to 426,000 won. LG Electronics Inc., whose exports account for more than 60 percent of its total sales, climbed 2.6 percent to 52,000 won.
The U.S., which buys about a fifth of South Korea's total shipments, is the country's biggest export market.
Taiwan, Hong Kong
The TWSE added 72.17 to 5390.51 in Taipei. August futures on the benchmark gained 1.2 percent to 5396.
Taiwan Semiconductor Manufacturing Co., the world's largest maker of computer chips on a subcontracting basis, rose 1.7 percent to NT$60. Quanta Computer Inc., the world's largest notebook computer maker, surged 6.2 percent to NT$86.
Hong Kong's Hang Seng added 1.1 percent to 10,248.60, the highest since Dec. 1. The futures for August delivery rose 1.5 percent to 10,202.
The city is counting on exports to shore up an economy where consumer spending and tourism tumbled in the second quarter after severe acute respiratory syndrome. The U.S. bought 29 percent of the city's exports during the first quarter.
HSBC Holdings Plc, which runs more than 400 banking branches in the U.S., gained 1 percent to HK$96.75. The bank will report first-half profit on Monday. Net income probably rose 12 percent, helped by the purchase of U.S. lender Household International Inc., according to the median estimate of seven analysts surveyed by Bloomberg News.
``The latest U.S. economic indicators have eased investors' concerns about whether the recent stock rally is sustainable,'' said Yu Reming, who oversees the equivalent of $4.2 billion in stocks at Prudential Securities Investment Trust Co. ``An improved U.S. economy will provide the engine to pull exporters worldwide out of the murkiness.''
Last Updated: August 1, 2003 06:03 EDT
Aug. 1 (Bloomberg) -- Asian stocks rose, led by exporters such as Matsushita Electric Industrial Co. and Samsung Electronics Co., as U.S. reports on growth, jobless claims and manufacturing suggested that demand from the world's largest economy will increase.
``Exporters depend hugely on the U.S. and any flow of good news will help their stocks,'' said Hiroshi Mizutani, who helps manage the equivalent of $3.3 billion yen in equities at Asahi Life Asset Management Co. in Tokyo. He keeps his stake in automakers above their 11 percent weighting in the Topix index and holds shares such as Toyota Motor Corp.
Japan's Nikkei 225 Stock Average added 0.5 percent to 9611.67, while the Topix rose 0.3 percent to 942.41 at the 3 p.m. close in Tokyo. South Korea's Kospi climbed 1.9 percent, rising for the first day in three. Samsung Electronics, the nation's top exporter, led the advance.
Taiwan's TWSE Index rose 1.4 percent, led by Taiwan Semiconductor Manufacturing Co., which relies on U.S. sales for three-quarters of its revenue. The Hang Seng Index rose for a sixth day in seven in Hong Kong.
Benchmarks in Singapore, China, the Philippines and Indonesia fell.
Stock benchmarks in Japan, South Korea, Taiwan and Hong Kong completed their third monthly gain in July as some investors speculated that economic and profit growth in the U.S. would accelerate in the second half of the year, helping boost earnings at Asian exporters.
The last time the Nikkei rallied for three consecutive months was in May 2002, when it rose for four months. For South Korea's Kospi, it was the longest monthly winning streak since March 2002 when it had six straight monthly gains, while in Hong Kong, the Hang Seng index last rose for four straight months in July 1997.
Matsushita, Honda
For the week, the Nikkei fell 0.4 percent, while the Topix lost 0.3 percent. Japan's stock benchmarks completed their longest monthly winning run in July since May 2002, with the Topix gaining for a fourth month and the Nikkei rising for a third.
Matsushita Electric, the world's biggest maker of consumer electronics, gained 1.8 percent to 1,451 yen. The company, which sells its products under the Panasonic brand name, earlier this week reported a 27 percent gain in its first-quarter operating profit citing increasing demand for flat-screen televisions.
Honda Motor Co., which generates almost 90 percent of its operating profit in North America, advanced 1.9 percent to 4,740 yen. The automaker, Japan's second-largest, earlier this week raised its full-year earnings forecast.
``Our portfolio is built on the view that growth outside of Japan is going to be significantly greater than growth in Japan'' and the U.S. economic reports justify that, said Marc Desmidt, who helps manage the equivalent of $8.5 billion as head of investment at Merrill Lynch Investment Managers Co. in Tokyo. He holds shares of Nissan Motor Co. and Canon Inc.
Nikkei 225 futures for September delivery rose 0.2 percent to 9590 in Osaka and gained 0.3 percent to 9595 in Singapore.
U.S. Growth
The U.S. economy expanded at 2.4 percent annual rate in the second quarter, faster than economists surveyed by Bloomberg News had expected, while initial jobless claims declined to its lowest since February, the U.S. government said. Meanwhile, the index of Chicago-area manufacturing rose in July.
The U.S. government may report later today that the July jobless rate may have fallen from a nine-year high, according to economists surveyed by Bloomberg News.
The Kospi rose 13.74 to 727.26 in Seoul. Kospi 200 futures for September added 1.5 percent to 93.80, while its underlying index advanced 2.1 percent to 93.46.
Samsung Electronics, whose exports account for 10 percent of South Korea's overseas shipments, rose 2.4 percent to 426,000 won. LG Electronics Inc., whose exports account for more than 60 percent of its total sales, climbed 2.6 percent to 52,000 won.
The U.S., which buys about a fifth of South Korea's total shipments, is the country's biggest export market.
Taiwan, Hong Kong
The TWSE added 72.17 to 5390.51 in Taipei. August futures on the benchmark gained 1.2 percent to 5396.
Taiwan Semiconductor Manufacturing Co., the world's largest maker of computer chips on a subcontracting basis, rose 1.7 percent to NT$60. Quanta Computer Inc., the world's largest notebook computer maker, surged 6.2 percent to NT$86.
Hong Kong's Hang Seng added 1.1 percent to 10,248.60, the highest since Dec. 1. The futures for August delivery rose 1.5 percent to 10,202.
The city is counting on exports to shore up an economy where consumer spending and tourism tumbled in the second quarter after severe acute respiratory syndrome. The U.S. bought 29 percent of the city's exports during the first quarter.
HSBC Holdings Plc, which runs more than 400 banking branches in the U.S., gained 1 percent to HK$96.75. The bank will report first-half profit on Monday. Net income probably rose 12 percent, helped by the purchase of U.S. lender Household International Inc., according to the median estimate of seven analysts surveyed by Bloomberg News.
``The latest U.S. economic indicators have eased investors' concerns about whether the recent stock rally is sustainable,'' said Yu Reming, who oversees the equivalent of $4.2 billion in stocks at Prudential Securities Investment Trust Co. ``An improved U.S. economy will provide the engine to pull exporters worldwide out of the murkiness.''
Last Updated: August 1, 2003 06:03 EDT
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- Localização: 4
European Two-Year Notes Plunge in Worst Week Since Oct. 1997
Aug. 2 (Bloomberg) -- European two-year notes had their biggest weekly decline since October 1997, as signs of economic recovery damp speculation the European Central Bank will cut interest rates again soon.
The U.S. unemployment rate dropped more than expected in July, while the world's biggest economy lost fewer jobs last month than it did in June. U.S. consumer confidence increased in July, a University of Michigan survey showed. An improvement in the U.S. signals European economies, which send about 15 percent of exports to the U.S., may grow faster, making the case for an interest rate cut less compelling.
The German 2 percent note due June 2005 fell 0.65, or 6.5 euros per 1,000-euro ($1,126) face amount, to 98.89 this week in London. The yield rose 36 basis points to 2.62 percent, the worst week for a two-year note since that ended Oct. 10, 1997. A basis point is 0.01 percentage point.
``Investors panicked and had to get out'' of bonds, said Ditmer de Vries, an economist at Rabobank in Utrecht, the Netherlands. ``We expect a strong second half in the U.S.''
Manufacturing in the U.S. expanded this month for the first time since February. The Institute for Supply Management's manufacturing index rose to 51.8 last month from 49.8 in June. A reading above 50 signals expansion.
European reports yesterday showed German retail sales rose a stronger-than-expected 1.9 percent in June and the contraction in the European manufacturing industry slowed in July for the first time in five months. German business confidence rose for a third month in July, to a one-year high, the Ifo economic institute said Monday.
The rate on the December interest-rate futures contract rose 11 basis points to 2.17 percent yesterday, 4 basis points above the current three-month lending rate, indicating traders aren't expecting the ECB to cut rates this year.
Policy makers left the key rate at 2.5 percent this week, as expected by the 23 economists surveyed by Bloomberg News. Thursday's meeting was the last before the summer break.
The ECB will keep interest rates in the dozen states sharing the euro at their current level until the middle of next year as the region's economy revives, the Organization for Economic Cooperation and Development said.
The central bank has said the euro region's $8 trillion economy should show a ``gradual'' recovery in the remainder of the year. The region barely grew in the first quarter and may not expand in the next two quarters, the European Commission has said.
Last Updated: August 2, 2003 04:17 EDT
Aug. 2 (Bloomberg) -- European two-year notes had their biggest weekly decline since October 1997, as signs of economic recovery damp speculation the European Central Bank will cut interest rates again soon.
The U.S. unemployment rate dropped more than expected in July, while the world's biggest economy lost fewer jobs last month than it did in June. U.S. consumer confidence increased in July, a University of Michigan survey showed. An improvement in the U.S. signals European economies, which send about 15 percent of exports to the U.S., may grow faster, making the case for an interest rate cut less compelling.
The German 2 percent note due June 2005 fell 0.65, or 6.5 euros per 1,000-euro ($1,126) face amount, to 98.89 this week in London. The yield rose 36 basis points to 2.62 percent, the worst week for a two-year note since that ended Oct. 10, 1997. A basis point is 0.01 percentage point.
``Investors panicked and had to get out'' of bonds, said Ditmer de Vries, an economist at Rabobank in Utrecht, the Netherlands. ``We expect a strong second half in the U.S.''
Manufacturing in the U.S. expanded this month for the first time since February. The Institute for Supply Management's manufacturing index rose to 51.8 last month from 49.8 in June. A reading above 50 signals expansion.
European reports yesterday showed German retail sales rose a stronger-than-expected 1.9 percent in June and the contraction in the European manufacturing industry slowed in July for the first time in five months. German business confidence rose for a third month in July, to a one-year high, the Ifo economic institute said Monday.
The rate on the December interest-rate futures contract rose 11 basis points to 2.17 percent yesterday, 4 basis points above the current three-month lending rate, indicating traders aren't expecting the ECB to cut rates this year.
Policy makers left the key rate at 2.5 percent this week, as expected by the 23 economists surveyed by Bloomberg News. Thursday's meeting was the last before the summer break.
The ECB will keep interest rates in the dozen states sharing the euro at their current level until the middle of next year as the region's economy revives, the Organization for Economic Cooperation and Development said.
The central bank has said the euro region's $8 trillion economy should show a ``gradual'' recovery in the remainder of the year. The region barely grew in the first quarter and may not expand in the next two quarters, the European Commission has said.
Last Updated: August 2, 2003 04:17 EDT
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British Pound Has Biggest Weekly Gain Against Euro Since June
Aug. 2 (Bloomberg) -- The British pound had its biggest weekly gain against the euro in six weeks as investors bet signs of faster economic growth will boost the appeal of U.K. assets.
The pound closed at 70.06 pence per euro in London yesterday, from 69.90 pence late Thursday. It climbed 1.5 percent against the euro in the week, the biggest gain since the week to June 20. It was at $1.6058, compared with $1.6072.
``Data has been quite positive'' in the U.K., said Francesca Fornasari, a currency strategist at Morgan Stanley in London. ``In the short term, sterling should remain well supported.''
U.K. manufacturing expanded last month for the first time since October, an industry survey showed yesterday. An index measuring activity in industry rose to 50.9 in July, the highest since May last year, from an upwardly revised 49.5 the month before, the Chartered Institute of Purchasing & Supply said. Readings over 50 show expansion.
Economists surveyed by Bloomberg News last month forecast the U.K. economy will expand 1.8 percent this year. The European Central Bank predicts the economy of the 12 countries sharing the euro may grow as little as 0.4 percent.
The FTSE-100 stock index has climbed 3.4 percent in the past month as investors bet companies will increase profits as global growth accelerates. When foreign investors buy U.K. assets, they also need to purchase pounds.
``We are going to see sterling grind higher,'' said Steve Barrow, a currency analyst at Bear Stearns International in London. ``The U.K. has a relatively strong economy compared with the rest of Europe.''
BOE Meeting
Britain's central bankers gather for a two-day meeting next week and announce interest rates on Thursday. The Bank of England last month cut its benchmark rate by a quarter percentage point to 3.5 percent, the lowest since 1955.
British consumers may continue to take on debt, helping to fuel the spending that accounts for two-thirds of gross domestic product, economists said.
Next week, U.K. economic releases include money supply on Monday, and factory production figures and a report on the service industry on Tuesday.
Meanwhile, U.K. Judge Lord Brian Hutton yesterday said he will call Prime Minister Tony Blair and his aides to testify about the death of a government adviser on Iraqi weapons. Blair said at a news conference this week that dealing with Iraq cut his focus on pushing Britain toward adopting the euro.
Last Updated: August 2, 2003 04:13 EDT
Aug. 2 (Bloomberg) -- The British pound had its biggest weekly gain against the euro in six weeks as investors bet signs of faster economic growth will boost the appeal of U.K. assets.
The pound closed at 70.06 pence per euro in London yesterday, from 69.90 pence late Thursday. It climbed 1.5 percent against the euro in the week, the biggest gain since the week to June 20. It was at $1.6058, compared with $1.6072.
``Data has been quite positive'' in the U.K., said Francesca Fornasari, a currency strategist at Morgan Stanley in London. ``In the short term, sterling should remain well supported.''
U.K. manufacturing expanded last month for the first time since October, an industry survey showed yesterday. An index measuring activity in industry rose to 50.9 in July, the highest since May last year, from an upwardly revised 49.5 the month before, the Chartered Institute of Purchasing & Supply said. Readings over 50 show expansion.
Economists surveyed by Bloomberg News last month forecast the U.K. economy will expand 1.8 percent this year. The European Central Bank predicts the economy of the 12 countries sharing the euro may grow as little as 0.4 percent.
The FTSE-100 stock index has climbed 3.4 percent in the past month as investors bet companies will increase profits as global growth accelerates. When foreign investors buy U.K. assets, they also need to purchase pounds.
``We are going to see sterling grind higher,'' said Steve Barrow, a currency analyst at Bear Stearns International in London. ``The U.K. has a relatively strong economy compared with the rest of Europe.''
BOE Meeting
Britain's central bankers gather for a two-day meeting next week and announce interest rates on Thursday. The Bank of England last month cut its benchmark rate by a quarter percentage point to 3.5 percent, the lowest since 1955.
British consumers may continue to take on debt, helping to fuel the spending that accounts for two-thirds of gross domestic product, economists said.
Next week, U.K. economic releases include money supply on Monday, and factory production figures and a report on the service industry on Tuesday.
Meanwhile, U.K. Judge Lord Brian Hutton yesterday said he will call Prime Minister Tony Blair and his aides to testify about the death of a government adviser on Iraqi weapons. Blair said at a news conference this week that dealing with Iraq cut his focus on pushing Britain toward adopting the euro.
Last Updated: August 2, 2003 04:13 EDT
- Mensagens: 23939
- Registado: 5/11/2002 11:30
- Localização: 4
European Stocks Gain in Week on Earnings, Economic Optimism
Aug. 2 (Bloomberg) -- European stocks gained in the week as earnings of companies including Imperial Chemical Industries Plc and Schneider Electric SA topped analysts' forecasts.
Royal Philips Electronics NV and Munich Re led advances by companies with earnings dependent on the dollar as the U.S. currency had its biggest weekly increase against the euro since March.
The Dow Jones Stoxx 600 Index dropped 1.1 percent Friday, trimming its five-day increase to 1.4 percent. Each of the 18 industry groups rose in the week except utilities, retail and health care. The Dow Jones Stoxx 50 Index lost 1.7 percent, for a weekly advance of 1 percent.
``There is a recovery out there and the earnings figures now demonstrate that,'' said Mike Lenhoff, who helps manage the equivalent of $21.7 billion as chief strategist at Brewin Dolphin Holdings Plc in London.
Imperial Chemical, the U.K.'s largest specialty chemical maker, Thursday said profit before tax and goodwill amortization fell 22 percent to 98 million pounds ($158 million), beating the 32 percent drop forecast on average by analysts surveyed by Bloomberg News. They climbed 28 percent in the week.
Schneider Electric, the world's largest maker of circuit breakers, added 4.6 percent since the previous Friday's close. The company said first-half profit rose 8 percent to 190 million euros ($214 million), more than the 152 million-euro median forecast of eight analysts in a Bloomberg News survey.
Dollar Gains
The dollar advanced 2.3 percent against the euro in the week. That helps companies with U.S. sales that report in euros because they get more of the European currency as the dollar climbs.
The Commerce Department said Thursday the U.S. economy expanded at a 2.4 percent annual pace last quarter, faster than the 1.5 percent rate economists predicted, according to a Bloomberg survey.
Philips, a maker of consumer electronics that earns about 30 percent of its sales in the U.S., added 3.2 percent in the week. Munich Re, the world's largest reinsurance company by premiums, jumped 8.9 percent since the previous Friday's close. In June, Munich Re forecast its U.S. unit American Re would post a profit of $550 million this year.
Delhaize Group SA, a Brussels-based retailer that gets more than 70 percent of its sales from the U.S., jumped 23 percent Friday after raising its 2003 profit and sales forecasts, citing gains from cost cuts.
Earnings before amortization and one-time costs and gains will increase as much as 20 percent, excluding currency changes, the company said. Earlier it forecast profit would be little changed. The shares increased 21 percent in the week.
U.S. Economy
On Friday, the dollar fell after the U.S. government said the U.S. economy unexpectedly lost 44,000 jobs last month and an industry report showed manufacturing expanded less than economists forecast. The U.S. had been expected to add 10,000 jobs according to the median forecast of economists in a Bloomberg Survey.
European stocks extended declines after the reports indicated growth in the region's largest export market may be weaker than anticipated.
U.S. Locomotive
``Europe needs the U.S. to rebound because it's the locomotive'' for global economic growth, said Benoit Flamant, chief executive at IT Asset Management in Paris, which oversees $225 million of technology-related stocks.
ABB Ltd., Europe's largest electrical-engineering company, led gains in the Stoxx 600, surging 55 percent over five days. The company said Tuesday it would meet its profit target for this year, prompting brokerages including Merrill Lynch & Co. and Deutsche Bank AG to raise their recommendation on the stock the following day.
Friday, a U.S. judge approved the company's $1.3 billion settlement of 130,000 asbestos-related lawsuits, paving the way for the sale of the company's oil-services unit, which was facing claims.
BT Group Plc, the biggest U.K. phone company, was the Stoxx 50's largest decliner in the week after it said sales in the three months through June dropped from the previous quarter. The figure overshadowed a 27 percent jump in net income, the company's fifth straight quarterly profit. The shares fell 5.9 percent.
Hagemeyer NV, the largest supplier of industrial safety products in the U.S., slid 19 percent in the week. On Thursday, the company reported a first-half loss, compared with a profit a year earlier, after sales fell and it set aside money to pay for job cuts.
Last Updated: August 2, 2003 03:39 EDT
Aug. 2 (Bloomberg) -- European stocks gained in the week as earnings of companies including Imperial Chemical Industries Plc and Schneider Electric SA topped analysts' forecasts.
Royal Philips Electronics NV and Munich Re led advances by companies with earnings dependent on the dollar as the U.S. currency had its biggest weekly increase against the euro since March.
The Dow Jones Stoxx 600 Index dropped 1.1 percent Friday, trimming its five-day increase to 1.4 percent. Each of the 18 industry groups rose in the week except utilities, retail and health care. The Dow Jones Stoxx 50 Index lost 1.7 percent, for a weekly advance of 1 percent.
``There is a recovery out there and the earnings figures now demonstrate that,'' said Mike Lenhoff, who helps manage the equivalent of $21.7 billion as chief strategist at Brewin Dolphin Holdings Plc in London.
Imperial Chemical, the U.K.'s largest specialty chemical maker, Thursday said profit before tax and goodwill amortization fell 22 percent to 98 million pounds ($158 million), beating the 32 percent drop forecast on average by analysts surveyed by Bloomberg News. They climbed 28 percent in the week.
Schneider Electric, the world's largest maker of circuit breakers, added 4.6 percent since the previous Friday's close. The company said first-half profit rose 8 percent to 190 million euros ($214 million), more than the 152 million-euro median forecast of eight analysts in a Bloomberg News survey.
Dollar Gains
The dollar advanced 2.3 percent against the euro in the week. That helps companies with U.S. sales that report in euros because they get more of the European currency as the dollar climbs.
The Commerce Department said Thursday the U.S. economy expanded at a 2.4 percent annual pace last quarter, faster than the 1.5 percent rate economists predicted, according to a Bloomberg survey.
Philips, a maker of consumer electronics that earns about 30 percent of its sales in the U.S., added 3.2 percent in the week. Munich Re, the world's largest reinsurance company by premiums, jumped 8.9 percent since the previous Friday's close. In June, Munich Re forecast its U.S. unit American Re would post a profit of $550 million this year.
Delhaize Group SA, a Brussels-based retailer that gets more than 70 percent of its sales from the U.S., jumped 23 percent Friday after raising its 2003 profit and sales forecasts, citing gains from cost cuts.
Earnings before amortization and one-time costs and gains will increase as much as 20 percent, excluding currency changes, the company said. Earlier it forecast profit would be little changed. The shares increased 21 percent in the week.
U.S. Economy
On Friday, the dollar fell after the U.S. government said the U.S. economy unexpectedly lost 44,000 jobs last month and an industry report showed manufacturing expanded less than economists forecast. The U.S. had been expected to add 10,000 jobs according to the median forecast of economists in a Bloomberg Survey.
European stocks extended declines after the reports indicated growth in the region's largest export market may be weaker than anticipated.
U.S. Locomotive
``Europe needs the U.S. to rebound because it's the locomotive'' for global economic growth, said Benoit Flamant, chief executive at IT Asset Management in Paris, which oversees $225 million of technology-related stocks.
ABB Ltd., Europe's largest electrical-engineering company, led gains in the Stoxx 600, surging 55 percent over five days. The company said Tuesday it would meet its profit target for this year, prompting brokerages including Merrill Lynch & Co. and Deutsche Bank AG to raise their recommendation on the stock the following day.
Friday, a U.S. judge approved the company's $1.3 billion settlement of 130,000 asbestos-related lawsuits, paving the way for the sale of the company's oil-services unit, which was facing claims.
BT Group Plc, the biggest U.K. phone company, was the Stoxx 50's largest decliner in the week after it said sales in the three months through June dropped from the previous quarter. The figure overshadowed a 27 percent jump in net income, the company's fifth straight quarterly profit. The shares fell 5.9 percent.
Hagemeyer NV, the largest supplier of industrial safety products in the U.S., slid 19 percent in the week. On Thursday, the company reported a first-half loss, compared with a profit a year earlier, after sales fell and it set aside money to pay for job cuts.
Last Updated: August 2, 2003 03:39 EDT
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Seixas da Costa integra task force de primeiro-ministro
2003-08-02 12:08:55
O embaixador Seixas da Costa vai fazer parte de uma task force do primeiro-ministro, Durão Barroso, dedicada às questões institucionais da União Europeia, noticia este sábado o semanário Expresso.
Seixas da Costa, que ocupou o cargo de secretário de Estado dos Assuntos Europeus nos Executivos liderados por António Guterres, junta-se a Ernâni Lopes, Vítor Martins, Isabel Mota, João Valera e Fernando Neves na comissão consultiva, que tem um âmbito informal.
As reuniões da task force contarão ainda com a presença do ministro dos Negócios Estrangeiros, Martins da Cruz, com o qual Seixas da Costa protagonizou alguns conflitos.
Fonte: Diário Digital
2003-08-02 12:08:55
O embaixador Seixas da Costa vai fazer parte de uma task force do primeiro-ministro, Durão Barroso, dedicada às questões institucionais da União Europeia, noticia este sábado o semanário Expresso.
Seixas da Costa, que ocupou o cargo de secretário de Estado dos Assuntos Europeus nos Executivos liderados por António Guterres, junta-se a Ernâni Lopes, Vítor Martins, Isabel Mota, João Valera e Fernando Neves na comissão consultiva, que tem um âmbito informal.
As reuniões da task force contarão ainda com a presença do ministro dos Negócios Estrangeiros, Martins da Cruz, com o qual Seixas da Costa protagonizou alguns conflitos.
Fonte: Diário Digital
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- Registado: 5/11/2002 11:30
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Mercados: Cimpor reitera decisão de destituição de administrador ligado à Secilpar
2003-08-02 11:32:12
A Cimpor deliberou em assembleia geral reiterar uma decisão de Maio que destituía a Secilpar da qualidade de administrador do grupo cimenteiro nacional.
Num comunicado enviado na sexta-feira à Comissão do Mercado de Valores Mobiliários (CMVM), a Cimpor afirma que na assembleia geral, realizada a 31 de Julho, foi «reiterada, a título cautelar, a deliberação tomada na assembleia geral de 14 de Maio de 2003 de destituição da Secilpar, S.L., do referido cargo de administrador».
No mesmo documento a Cimpor afirma que foi ainda decidido considerar sem qualquer efeito a «pretensa nomeação da pessoa singular entretanto indicada pela Secilpar» para exercer, em nome próprio, o cargo de administrador do grupo.
A assembleia geral elegeu Vicente Arias Mosquera para o cargo de administrador.
Fonte: Diário Digital
2003-08-02 11:32:12
A Cimpor deliberou em assembleia geral reiterar uma decisão de Maio que destituía a Secilpar da qualidade de administrador do grupo cimenteiro nacional.
Num comunicado enviado na sexta-feira à Comissão do Mercado de Valores Mobiliários (CMVM), a Cimpor afirma que na assembleia geral, realizada a 31 de Julho, foi «reiterada, a título cautelar, a deliberação tomada na assembleia geral de 14 de Maio de 2003 de destituição da Secilpar, S.L., do referido cargo de administrador».
No mesmo documento a Cimpor afirma que foi ainda decidido considerar sem qualquer efeito a «pretensa nomeação da pessoa singular entretanto indicada pela Secilpar» para exercer, em nome próprio, o cargo de administrador do grupo.
A assembleia geral elegeu Vicente Arias Mosquera para o cargo de administrador.
Fonte: Diário Digital
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Negócios: Amadora-Sintra: Estado terá de pagar mais de 30 M€ ao Grupo Mello
2003-08-02 11:24:13
O Estado vai ter de pagar mais de 30 milhões de euros à José de Mello Saúde, sociedade gestora do Hospital Amadora-Sintra devido ao incumprimento do contrato em 2000 e 2001, decidiu sexta-feira o tribunal arbitral constituído para resolver o conflito que opunha o Ministério da Saúde e a sociedade gestora.
A decisão foi tomada por unanimidade pelos três elementos que constituíam o tribunal arbitral - Calvão da Silva, Maria de Jesus Serra Lopes e Fausto de Quadros - e não é passível de recurso.
O Estado exigia à José de Mello Saúde 77,9 milhões de euros que considerava terem sido pagos em excesso, mas o tribunal não só recusou os argumentos do Estado como decidiu que a sociedade gestora do hospital tinha ainda direito a mais de 30 milhões de euros relativos a 2000 e 2001, acrescidos de juros de mora.
A decisão do tribunal arbitral contraria as conclusões da Inspecção-Geral das Finanças, Inspecção-Geral de Saúde e Tribunal de Contas, que apontavam para irregularidades na gestão da unidade hospitalar. Estas conclusões haviam levado o Ministério Público a exigir aos ex-responsáveis da Administração Regional de Saúde de Lisboa a ressarcir o Estado em mais de 75 milhões de euros.
Fonte: Diário Digital
2003-08-02 11:24:13
O Estado vai ter de pagar mais de 30 milhões de euros à José de Mello Saúde, sociedade gestora do Hospital Amadora-Sintra devido ao incumprimento do contrato em 2000 e 2001, decidiu sexta-feira o tribunal arbitral constituído para resolver o conflito que opunha o Ministério da Saúde e a sociedade gestora.
A decisão foi tomada por unanimidade pelos três elementos que constituíam o tribunal arbitral - Calvão da Silva, Maria de Jesus Serra Lopes e Fausto de Quadros - e não é passível de recurso.
O Estado exigia à José de Mello Saúde 77,9 milhões de euros que considerava terem sido pagos em excesso, mas o tribunal não só recusou os argumentos do Estado como decidiu que a sociedade gestora do hospital tinha ainda direito a mais de 30 milhões de euros relativos a 2000 e 2001, acrescidos de juros de mora.
A decisão do tribunal arbitral contraria as conclusões da Inspecção-Geral das Finanças, Inspecção-Geral de Saúde e Tribunal de Contas, que apontavam para irregularidades na gestão da unidade hospitalar. Estas conclusões haviam levado o Ministério Público a exigir aos ex-responsáveis da Administração Regional de Saúde de Lisboa a ressarcir o Estado em mais de 75 milhões de euros.
Fonte: Diário Digital
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TMT: Vivendi Universal vende participação na Xfera por um euro
2003-08-02 11:19:28
O grupo Vivendi-Universal (VU) vendeu a sua participação na Xfera, operador espanhol de telemóveis que tem uma licença de UMTS, por um euro. O preço é simbólico e insere-se num acordo obtido em Junho com os restantes accionistas.
A VU detinha uma participação de 26,3% na Xfera que passa agora para as mãos dos outros accionistas que são, entre outros, a construtora ACS, a Sonera Telia, o Grupo March, a Vodafone, a Acesa e a JP Morgan.
O negócio foi possível devido à decisão das autoridades espanholas em anularem as garantias de 840 milhões de euros que correspondiam às obrigações da VU na Xfera.
Fonte: Diário Digital
2003-08-02 11:19:28
O grupo Vivendi-Universal (VU) vendeu a sua participação na Xfera, operador espanhol de telemóveis que tem uma licença de UMTS, por um euro. O preço é simbólico e insere-se num acordo obtido em Junho com os restantes accionistas.
A VU detinha uma participação de 26,3% na Xfera que passa agora para as mãos dos outros accionistas que são, entre outros, a construtora ACS, a Sonera Telia, o Grupo March, a Vodafone, a Acesa e a JP Morgan.
O negócio foi possível devido à decisão das autoridades espanholas em anularem as garantias de 840 milhões de euros que correspondiam às obrigações da VU na Xfera.
Fonte: Diário Digital
- Mensagens: 23939
- Registado: 5/11/2002 11:30
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Conjuntura: EUA, Argentina e China são os maiores compradores de produtos brasileiros
2003-08-02 11:08:36
Os EUA, a Argentina e a China foram em Julho os três maiores compradores de produtos brasileiros, revelam dados do Ministério da Desenvolvimento, Indústria e Comércio Exterior do Brasil divulgados na sexta-feira.
No mês passado as vendas para os EUA, o maior comprador, caíram 2,6% mas subiram para a Argentina e China. Os argentinos voltaram mesmo a ocupar a segunda posição no ranking, com um crescimento de 70,5% em relação a Junho. As exportações para a China aumentaram 9,9%.
Fonte: Diário Digital
Voltar
2003-08-02 11:08:36
Os EUA, a Argentina e a China foram em Julho os três maiores compradores de produtos brasileiros, revelam dados do Ministério da Desenvolvimento, Indústria e Comércio Exterior do Brasil divulgados na sexta-feira.
No mês passado as vendas para os EUA, o maior comprador, caíram 2,6% mas subiram para a Argentina e China. Os argentinos voltaram mesmo a ocupar a segunda posição no ranking, com um crescimento de 70,5% em relação a Junho. As exportações para a China aumentaram 9,9%.
Fonte: Diário Digital
Voltar
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Negócios: Logoplaste com duas novas fábricas no estrangeiro
2003-08-02 11:03:41
A Logoplaste, grupo nacional de embalagens, vai abrir mais duas fábricas em Espanha e no Reino Unido, noticia o semanário Expresso. Com estas novas unidades industriais 62% do volume de negócios da empresa passa a ser gerado fora de Portugal.
As duas novas fábricas representam um investimento de 50 milhões de euros. O financiamento foi totalmente assegurado por um conjunto de bancos nacionais e estrangeiros, disse o director-geral da empresa, Filipe de Botton, ao jornal.
A fábrica de Espanha, localizada nas Canárias, vai produzir embalagens para a Danone e deverá gerar vendas de 35 milhões de euros nos próximos sete anos.
A unidade do Reino Unido fornecerá embalagens para a Arla Foods, o maior produtor de leite do Reino Unido. A Arla é líder de mercado inglês e encontra-se em processo de fusão com a Dairy Express.
Fonte: Diário Digital
2003-08-02 11:03:41
A Logoplaste, grupo nacional de embalagens, vai abrir mais duas fábricas em Espanha e no Reino Unido, noticia o semanário Expresso. Com estas novas unidades industriais 62% do volume de negócios da empresa passa a ser gerado fora de Portugal.
As duas novas fábricas representam um investimento de 50 milhões de euros. O financiamento foi totalmente assegurado por um conjunto de bancos nacionais e estrangeiros, disse o director-geral da empresa, Filipe de Botton, ao jornal.
A fábrica de Espanha, localizada nas Canárias, vai produzir embalagens para a Danone e deverá gerar vendas de 35 milhões de euros nos próximos sete anos.
A unidade do Reino Unido fornecerá embalagens para a Arla Foods, o maior produtor de leite do Reino Unido. A Arla é líder de mercado inglês e encontra-se em processo de fusão com a Dairy Express.
Fonte: Diário Digital
- Mensagens: 23939
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Eni quer controlo da rede da Galp e posição de relevo no gás
Sexta, 1 Ago 2003 20:17
A Eni quer o controlo da área de retalho de combustíveis da Galp e uma posição de relevo no segmento de distribuição e grandes clientes do gás natural. Fora dos objectivos do grupo italiano, parceiro estratégico da Galp, está a actividade de refinação.
Estas reivindicações deverão ser o ponto de partida do grupo italiano para o processo de negociações com o Estado português e a EDP sobre o modelo final de reorganização do sector energético, soube o Negocios.pt.
A Eni vai aproveitar a circunstância do Estado querer avançar com a reorganização do sector com o seu acordo para procurar potenciar a participação nas actividades que mais lhe interessam.
Na área da distribuição de combustíveis, o grupo está particularmente interessado na rede da Galp Energia em Espanha. No que respeita à refinação, a Eni gostaria que a actividade ficasse para o Estado português.
No gás natural, o grupo italiano quer uma posição de relevo, eventualmente de paridade com a própria EDP, numa futura empresa com o negócio de distribuição de gás e grandes clientes. O terminal de gás natural de Sines é outra infra-estrutura já publicamente cobiçada pelos italianos.
O Estado está a negociar com a Eni em duas frentes. A reorganização do sector energético e o papel do grupo italiano neste processo e o alegado incumprimento da parceria estratégica com a Galp por parte da Eni.
Na quinta-feira passada, na assembleia geral da Galp, o Estado tentou chegar a um acordo com o grupo italiano em relação ao incumprimento da parceria estratégica que é a conclusão de um relatório aprovado há vários meses pelo conselho de administração, com os votos contra dos administradores do grupo italiano.
No entanto, a assembleia geral, que chegou a ser interrompida na sequência de uma contra-proposta da Eni em relação à parceria, foi inconclusiva e remeteu a matéria para negociações directas entre o Estado e o grupo italiano, com os demais accionistas da Galp.
As conclusões destas negociações serão apreciadas em assembleia geral futura, mas sem data marcada.
Paralelamente, o Estado decidiu convocar uma assembleia geral da Galp Energia para final de Setembro, ainda em data a definir, para que os accionistas da «holding» de energia - Estado, Eni, EDP, Caixa Geral de Depósitos, Iberdrola, Portgás e Setgás se pronunciem sobre o posicionamento futuro da Galp na reorganização do sector energético.
O representante do Estado na assembleia, Paulo Pinho, informou os jornalistas que as negociações com a Eni tinham começado recentemente, sem explicitar, contudo, se o tema em discussão se limita ao incumprimento da parceria estratégica ou se envolve o posicionamento futuro dos italianos no novo modelo de energia em Portugal.
por Ana Suspiro
Sexta, 1 Ago 2003 20:17
A Eni quer o controlo da área de retalho de combustíveis da Galp e uma posição de relevo no segmento de distribuição e grandes clientes do gás natural. Fora dos objectivos do grupo italiano, parceiro estratégico da Galp, está a actividade de refinação.
Estas reivindicações deverão ser o ponto de partida do grupo italiano para o processo de negociações com o Estado português e a EDP sobre o modelo final de reorganização do sector energético, soube o Negocios.pt.
A Eni vai aproveitar a circunstância do Estado querer avançar com a reorganização do sector com o seu acordo para procurar potenciar a participação nas actividades que mais lhe interessam.
Na área da distribuição de combustíveis, o grupo está particularmente interessado na rede da Galp Energia em Espanha. No que respeita à refinação, a Eni gostaria que a actividade ficasse para o Estado português.
No gás natural, o grupo italiano quer uma posição de relevo, eventualmente de paridade com a própria EDP, numa futura empresa com o negócio de distribuição de gás e grandes clientes. O terminal de gás natural de Sines é outra infra-estrutura já publicamente cobiçada pelos italianos.
O Estado está a negociar com a Eni em duas frentes. A reorganização do sector energético e o papel do grupo italiano neste processo e o alegado incumprimento da parceria estratégica com a Galp por parte da Eni.
Na quinta-feira passada, na assembleia geral da Galp, o Estado tentou chegar a um acordo com o grupo italiano em relação ao incumprimento da parceria estratégica que é a conclusão de um relatório aprovado há vários meses pelo conselho de administração, com os votos contra dos administradores do grupo italiano.
No entanto, a assembleia geral, que chegou a ser interrompida na sequência de uma contra-proposta da Eni em relação à parceria, foi inconclusiva e remeteu a matéria para negociações directas entre o Estado e o grupo italiano, com os demais accionistas da Galp.
As conclusões destas negociações serão apreciadas em assembleia geral futura, mas sem data marcada.
Paralelamente, o Estado decidiu convocar uma assembleia geral da Galp Energia para final de Setembro, ainda em data a definir, para que os accionistas da «holding» de energia - Estado, Eni, EDP, Caixa Geral de Depósitos, Iberdrola, Portgás e Setgás se pronunciem sobre o posicionamento futuro da Galp na reorganização do sector energético.
O representante do Estado na assembleia, Paulo Pinho, informou os jornalistas que as negociações com a Eni tinham começado recentemente, sem explicitar, contudo, se o tema em discussão se limita ao incumprimento da parceria estratégica ou se envolve o posicionamento futuro dos italianos no novo modelo de energia em Portugal.
por Ana Suspiro
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Noticias de Fim de Semana 2 e 3 de Agosto de 2003
Dados económicos fustigam fecho de Nova Iorque
1-8-2003 21:8
As bolsas de Nova Iorque fecharam a sexta-feira no vermelho, depois de se saber que a economia perdeu 44 mil postos de trabalho, em Julho. Em compensação, o sector industrial deu sinais de expansão pela primeira vez em cinco meses.
Os economistas esperavam que a economia tivesse criado 13 mil empregos. Os dados de Junho foram revistos em baixa, de uma perda de 30 mil postos de trabalho para a supressão de 72 mil empregos. A taxa de desemprego desceu para 6,2 por cento, em Julho, face aos 6,4 por cento de Junho e aos 6,3 por cento estimados pelos economistas.
Em contra-ciclo, a Walt Disney ganhou 2,7 por cento, tendo atingido o máximo das últimas 52 semanas, após ter revelado lucros do terceiro trimestre fiscal acima das estimativas dos economistas, graças ao bom desempenho das actividades cinematográficas e de cadeias de televisão.
Começou hoje o mês de Agosto, considerado aziago pelos investidores mais supersticiosos. Segundo o Stock Trader’s Almanac, nos últimos 15 anos este foi o pior mês para o Dow Industrials e para o S&P 500 e o terceiro pior para o Nasdaq.
O Dow Jones desceu 0,86 por cento para 9.153,97 pontos, o Nasdaq Composite recuou 1,12 por cento para 1.715,59 pontos e o S&P 500 desvalorizou 0,94 por cento para 981,05 pontos.
BolsaPt.com
1-8-2003 21:8
As bolsas de Nova Iorque fecharam a sexta-feira no vermelho, depois de se saber que a economia perdeu 44 mil postos de trabalho, em Julho. Em compensação, o sector industrial deu sinais de expansão pela primeira vez em cinco meses.
Os economistas esperavam que a economia tivesse criado 13 mil empregos. Os dados de Junho foram revistos em baixa, de uma perda de 30 mil postos de trabalho para a supressão de 72 mil empregos. A taxa de desemprego desceu para 6,2 por cento, em Julho, face aos 6,4 por cento de Junho e aos 6,3 por cento estimados pelos economistas.
Em contra-ciclo, a Walt Disney ganhou 2,7 por cento, tendo atingido o máximo das últimas 52 semanas, após ter revelado lucros do terceiro trimestre fiscal acima das estimativas dos economistas, graças ao bom desempenho das actividades cinematográficas e de cadeias de televisão.
Começou hoje o mês de Agosto, considerado aziago pelos investidores mais supersticiosos. Segundo o Stock Trader’s Almanac, nos últimos 15 anos este foi o pior mês para o Dow Industrials e para o S&P 500 e o terceiro pior para o Nasdaq.
O Dow Jones desceu 0,86 por cento para 9.153,97 pontos, o Nasdaq Composite recuou 1,12 por cento para 1.715,59 pontos e o S&P 500 desvalorizou 0,94 por cento para 981,05 pontos.
BolsaPt.com
Editado pela última vez por TRSM em 4/8/2003 7:56, num total de 1 vez.
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