Wednesday 27 May 2009

"Não ganhei nem perdi, ou melhor, o que podia perder eles repuseram".





"Não ganhei nem perdi, ou melhor, o que podia perder eles repuseram". 5/27/2009 1:05:04 PM. Begin with good news or bad news? Maybe better yet, start with a new contract of Jose Marinho? Mean face of PSD-Inter knowing to the all world? It’s a good or bad? Or with new rally for European Elections, where is notable the “false start” with big embarrassment for this party to be in huge trial about the price of the “camel”? The price of PSD (Banco Portuguese de Negocio) and his Grupo SLN (my wild guess, says that the coincidently this enterprise is from Costa Rica…) was NO MORE, NO LESS than $1 (one United States dollar) with which all fuss of Christian Democrats of Europe (for example, our leader Barroso) starts. Or with bed news, where is the EU – burn again… Whatever the weather… Mean, even when the gold price is down. (See the chart), the Barroso’s troy burn, burn and burn again. And we can’t do anything. Because of faces. Faces, faces, and faces again. With Facebook or without. Call attention the pluming in validation of this “interface” with russian proposal. Before the +/-2% in equity he was valued 10 billion. During the same “arrangement”  of the ongoing… (You know how I call them) – the proposal from Microsoft was the same; only pay a little more because at that time validation was 12 billion. In any way the real price, at least the price which proprietors of Facebook show to the shareholders is $6bn-$8bn. The proper name of the deal speaks for himself. And made by of the Usmanov’s and pro-American $200 million, like cocaine Andrew Lancaster says – “These businesses you get two per every week”. Maybe he’s right. Can only say that, like the Trancoso’s plane, which coincidently and independently to the English speaking World and to the TNK-BP “measures” indicated by me yesterday, was in at the same time of big and serious shooting at the Uzbek – Tadjik frontier. With which, like “brother” Andrew Lancaster – I have nothing to see. First time reading the news about Usmanov’s deal – was to react emotionally and interpret personally. Than thinking a little, was seeing that be hot in this subject – only will be to my disadvantage. Especially if I overreact or assuming the worst. Men, after Eurosong, after @DVENT (That “arrangement” to f*** me off) – its better have bird at hand (i.e. focusing at the issue at hand), than crane in the sky… Okay, which exactly this issue are? Shorty, that Trevor Edwards patriotism in which the boots of £1250 pounds play important role, (before the Princess Eugene appeared in the pages of Metro) and which the Andrew Lancaster understood. Than, the Brazil-China “English speaking World”. Than, the $80-$150 dollars per barrel before switching on the Princess Fergy. Than, the PSD elections in light of Uzbek’s Facebook. This, between others issues require sober thoughts and good energy for the rest of my best thinking. Resolving this, I can spend more time to dedicate WHO are hitting in my head, and why I feel such big anger. Because, in this frame of mind, it’s almost impossible to get my message across.  It’s also unpleasant (at best) and self-destructive (at worst) in both professional (mean, I don’t get it) and personal (mean, I don’t have it) relationships. However it is clear that priority which should be in place between my private life (i.e. Facebook’ industry story) and my business choices.   

  EU headquarters evacuated after fire alarm 2009-05-27 11:51:02 - BRUSSELS (AP) - A fire alarm at the European Union's executive headquarters in Brussels has triggered an evacuation days after the building reopened following a fire. The alarm sounded at the start of a news conference by European Commission President Jose Manuel Barroso on Wednesday. Austrian Chancellor Werner Faymann was also in the building and was seen leaving. It was not clear whether a fire had broken out in the building that houses the EU executive and 2,000 officials and staff. It is the second alarm in two weeks. A fire broke out in the basement of the building 10 days ago leading to its closure all last week for reasons of safety. In addition to smoke and water damage, the fire seriously damaged wiring. 

Facebook gets $200m from Russian group May 27 2009 02:20. Facebook said on Tuesday it had accepted a $200m investment from Digital Sky Technologies, a private Russian internet investment group, valuing the fast growing social network’s preferred stock at $10bn. The investment, which represents a 1.96 per cent equity stake, gives Facebook an additional cash cushion but the $10bn valuation is a come-down. A year and a half ago, Microsoft invested $240m on similar terms but valued Facebook’s preferred stock at $15bn. Mark Zuckerberg, Facebook’s chief executive, acknowledged on Tuesday that this investment came at the “absolute peak of the market”. Facebook has been fielding offers from investors, though reports have put valuations at $6bn-$8bn. While DST’s preferred shares will grant it additional privileges, the $10bn valuation is higher than others seemed willing to grant. DST indicated it planned to buy at least $100m of Facebook common stock from existing shareholders, allowing current and former employees to receive a payout. Details are expected in the coming months, and the valuation DST gives Facebook’s common stock could put a more accurate valuation on the company. DST will not receive a seat on Facebook’s board as part of either investment. “They’ve had to go far afield for this capital,” Ray Valdes, an analyst at Gartner, said. “I’m sure there are investors closer to home that would be happy to invest in Facebook, but not at that valuation.” DST, set up in 2005, has about 30 investments in Russia and eastern Europe. They include Mail.ru, Russia’s largest web portal. DST sites account for 70 per cent of page views on the Russian language internet. Among its backers is Alisher Usmanov, the Russian metals magnate and billionaire. Facebook has 200m users, but much of its growth is coming internationally where the group is harder-pressed to monetise traffic. Capital costs are growing as it pays to accommodate increased activity on the site. “Facebook has been successful in gaining users, but that has had the unfortunate result that it increases costs,” Mr Valdes said. “As long as they grow, they will need additional capital to build out capacity.” Facebook is projecting substantial revenue growth this year. Mr Zuckerberg said on Tuesday that Facebook had been profitable before interest, tax, depreciation and amortisation for five quarters and was expecting revenue growth of 70 per cent this year. He said Facebook would be cash flow profitable sometime next year. Outside estimates put 2009 income at about $500m. “Our revenue numbers are up and our growth continues to scale very rapidly,” Mr Zuckerberg said. “This investment is purely buffer for us, and not something we need to get cashflow positive.”

Saudi minister sees oil demand rising May 27 2009 11:33. Global oil demand is picking up, supported by higher consumption in China, driving oil prices higher, Ali Naimi, Saudi Arabia’s oil minister, said on Wednesday ahead of Thursday’s Opec meeting in Vienna. Mr Naimi added that Opec did not need to cut its production, arguing that the cartel would “stay its course”. Opec, which produces about 40 per cent of the world’s oil, has reduced sharply its production since September to combat the decline in oil prices. The oil market is likely to keep its options open before Thursday’s meeting, despite the comments by the cartel’s de facto leader and other ministers. Opec has surprised traders in the past, sometimes reversing its course at the last minute. The cartel’s campaign to curb output has so far borne fruit, with prices jumping above $60 a barrel from a four-year low of $32.70 hit in mid-February. In early trading on Wednesday, West Texas Intermediate, the US oil benchmark, jumped to a fresh seven-month high at $63.05 a barrel, up 60 cents. Brent rose 32 cents to $61.43. Mr Naimi said the global economy had now recovered enough to cope with even higher prices, around $75-$80, and added that level – a tacit target for the kingdom – might be reached later this year as oil demand continues to improve. “The price rise is a function of optimism that better things are coming in the future,” Mr Naimi told reporters accompanying him on his morning jog, adding that some customers were now asking Riyadh for more oil. “Demand is picking up, especially in Asia,” he said. Asked to describe how large the increase was, he said: “It is a good pick up.” Mr Naimi’s comments come as many traders in the physical oil market are far less optimistic, pointing to still weak demand outside Asia and record high inventories. TheInternational Energy Agency, the western countries’ oil watchdog, has forecast that oil consumption will contract this year by 2.6m barrels a day, the steepest drop since 1981. Mr Naimi conceded, nonetheless, that all the increase in oil prices was “not purely fundamental”, suggesting that speculative money was also a factor driving prices. Opec has announced three major production cuts since September, totalling 4.2m b/d – about 5 per cent of global oil demand – in an effort to shore up prices. The cartel has delivered about 80 per cent of the promised cut. For Opec and Saudi Arabia, however, this success does not mean that the war is over. The cartel’s economists in Vienna see the price recovery as shaky, “due more to market sentiment than fundamentals”, and are urging ministers to be cautious. ”Considerable risks remain as oil market fundamentals are far from balanced due to the persistent contraction in demand and growing supply overhang,” Opec said in a report published ahead of the meeting. Energy Source Opec: $75 - $80 oil is okay, says Naimi. At their meeting on Thursday, Opec ministers are likely to call for strict adherence to the 4.2m b/d cut. Compliance has been impressive – at almost 85 per cent in March – but overproduction rose last month as prices surged, bringing compliance back to about 80 per cent, and traders anticipate another surge in non-compliance this month. Opec estimates its core members’ production – excluding Iraq, which does not participate in the system – averaged 25.8m b/d last month, up 220,000 b/d from March. But production is still well below the 29.5m b/d of March 2008.

BPN: Cadilhe rejeita acusações de Oliveira Costa. Económico com Lusa. 26/05/09 22:12. O ex-presidente do BNP e da SLN, Miguel Cadilhe, garantiu hoje que nunca teve nenhuma proposta efectiva ou credível para compra do grupo e rejeitou as acusações que lhe fez Oliveira Costa. "De modo nenhum, em consciência, me sinto Pilates", disse Cadilhe, aludindo à personagem com quem o antigo presidente do Grupo o comparou, para rematar que "Oliveira Costa não é Jesus Cristo". "Houve algumas tentativas de aproximação fantasiosas, que surgiam sempre em momentos críticos", como véspera de reunião de accionistas, da apresentação do plano de salvamento ou conferencias de imprensa, mas "nunca tive nenhuma proposta efectiva ou credível", afirmou Miguel Cadilhe em declarações à agência "Lusa". As declarações de Cadilhe seguem-se em resposta a acusações feitas hoje no Parlamento por Oliveira Costa de que teria sido o indutor do boicote à negociação da venda ao Grupo Carlyle. "Nem do Grupo Carlyle, nem de árabes", reafirmou, advogando que "se tivesse tido alguma proposta tê-la-ia levado aos accionistas". Miguel Cadilhe, que presidiu à SLN e ao BPN depois do afastamento de Oliveira e Costa e até à nacionalização do banco, reagiu ainda ao comentário de Oliveira e Costa de que o seu sucessor "ganhou mais com a ida para o Grupo" do que ele "em dez anos de gestão" do mesmo. "Não sei o que ele [Oliveira e Costa] ganhou nem o que fez perder ao Grupo", disse, frisando que na negociação com os accionistas que o convidaram, o que ocorreu "repetidamente, durante meses" antes de aceitar, o que ficou acordado foi que lhe fosse pago o que perdia por deixar de estar ligado a uma outra instituição financeira. "Não ganhei nem perdi, ou melhor, o que podia perder eles repuseram", afirmou Miguel Cadilhe.

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