Sleepy Hollow. How can I draw your attention to my highlighted key points if this wasn’t the elementary truth? There is nothing especially exceptional about the condition which is rising to desirable developments. If you don’t fire a match, there can be no blazing fire. Without a firm foundation, there can be no permanent ‘Grande Design’. Without sea, there can be no boat. Without a sky, there can be no Glugovsky. Who are in the middle of negotiations’, striking the deals, and forging agreement? Perhaps I, who are signing the contract/s? No. I’m yet let to “someone” think there’re in control of my life. Maybe they never assist this scene, where the man is telling them, for thousand times: This looks good. Let me look into it… And my offer is something unique, although the Project by self is going to require more adjustments to get just right, and make the numbers work. Maybe some still need a couple of hundredth years to wait for something even better to come along?
Votorantim tem interesse na Cimpor mas descarta OPA. 19/01/10 11:19. O grupo Votorantim é, tal como a Camargo Corrêa, um conglomerado de empresas que vão desde a mineração (é o maior produtor de zinco do Brasil) até à agroindústria (faz parte dos maiores produtores de sumo de laranja concentrado), passando pela energia, pasta e papel, siderurgia, e finanças. Em 2008 a Votorantim Cimentos teve receitas líquidas de 7724 milhões de reais (3033 milhões de euros, ao câmbio actual). Em 2001 adquiriu a St. Marys Cement, com activos nos Estados Unidos e no Canadá, é dona de 50 por cento da Suwannee (EUA) e tem 15,2 por cento da chilena Bío Bío. A Votorantim é ainda parceira da Camargo na construção de uma fábrica de cimento no Paraguai, estando as duas empresas também associadas no capital da Usiminas, concorrente da CSN. A Votorantim informou hoje o mercado que não vai avançar nem com uma OPA nem com uma proposta de fusão sobre a Cimpor. No entanto, adianta que desde 2008 mantém contactos com accionistas com vista à aquisição de uma posição minoritária. "A Votorantim informa que não se encontra a ponderar, a analisar ou a estudar a publicação de qualquer anúncio preliminar de oferta pública de aquisição da Cimpor nem uma eventual fusão da Votorantim, ou de sociedade consigo relacionada, com a Cimpor". Foi esta a resposta da cimenteira brasileira ao pedido de esclarecimentos da parte da CMVM. Num comunicado com três pontos, o grupo brasileiro revela, contudo, que nos últimos dois anos manteve contactos com accionistas da cimenteira portuguesa com o objectivo de comprar uma posição inferior a 33% do capital que, segundo as leis do mercado, não a obrigaria a avançar com uma OPA. "A Votorantim mantém desde 2008 contactos directos e individuais com accionistas detentores de participações qualificadas na Cimpor, tendo abordado a eventual aquisição pela Votorantim de uma participação minoritária que representaria sempre menos do que 33% do capital social e dos direitos de voto da Cimpor", lê-se no mesmo documento. O interesse do grupo brasileiro ganhou outra dimensão "após as notícias vindas a público a respeito do surgimento de divergências entre alguns accionistas". Foi nessa altura, em Setembro de 2008, que a Votorantim contratou o Deutsche Bank e uma sociedade de advogados para prestarem assessoria financeira no âmbito de um eventual negócio com a Cimpor. Entre os principais accionistas da Cimpor estão a Teixeira Duarte (22,9%), os franceses da Lafarge (17%) o empresário Manuel Fino (10,7%), a Caixa Geral de Depósitos (9,6%), o BCP através do seu fundo de pensões (10%), a Bipadosa (6,5%) e a Cinveste (4,1%). Os esclarecimentos da Votorantim surgem numa altura em que dois grupos brasileiros assumiram que estão na corrida pela Cimpor: a CSN lançou uma OPA com uma contrapartida de 5,75 euros por acção e, na resposta, a Camargo Corrêa propôs uma fusão com a cimenteira que foi chumbada pela CMVM.
BRAZIL'S PETROBRAS TO BUILD HUGE REFINERY WITH MARUBENI'S HELP. SAO PAULO, Jan 18, 2010 Company: Marubeni Corp. (MARUY) Brazil's state-run oil company, Petrobras, said Thursday that it has obtained environmental permits and completed the required paperwork to begin constructing what will be the nation's largest oil refinery. Located in the northeastern state of Maranhao, the refinery will be capable of processing 300,000 barrels of oil a day when it starts operating in 2013. By 2015, its capacity will be expanded to 600,000 barrels a day. Construction of the refinery will cost an estimated US$20 billion. Petrobras has reached a broad agreement with Japanese trading firm Marubeni Corp. (TSE:8002) to help finance the project. Marubeni's stake will be ironed out later, but Petrobras reportedly hopes it will make an investment of around 20 per cent. The state-run oil company will also seek funding from the Japanese government. Brazil has been working to become self-sufficient in terms of oil. Now that the nation is ready to begin tapping deep-ocean oil reserves, attention has shifted to an expansion of exports as well. Petrobras plans to use the new refinery to make diesel oil, jet fuel, naphtha and other petroleum products, which it hopes to export to Japan.
LONDON (Reuters) - European shares turned positive in afternoon trade on Tuesday, tracking gains on Wall Street, with drug makers and food producers among the top risers.Stocks in Europe. Jan. 19 (Bloomberg) -- Stocks fell in Europe and Asia as companies from France’s Alstom SA to Aluminum Corp. of China reported results that disappointed investors. The yen rose and U.K. government bonds dropped. The Dow Jones Stoxx 600 Index slipped 0.8 percent at 11:49 a.m. in London and the MSCI Asia Pacific Index declined 0.7 percent. Futures on the Standard & Poor’s 500 Index retreated 0.3 percent. The yen advanced against all but three of the 16 most-traded currencies. Gilts tumbled after the U.K. inflation rate increased by the most on record. Stocks on the MSCI World Index are trading near the highest level compared with earnings since 2002, raising concern valuations may have outpaced profit growth. As many as 65 companies in the S&P 500 are scheduled to release quarterly results this week, starting with Citigroup Inc. today. German investor confidence declined more than economists estimated in January as the economic recovery showed signs of losing momentum, an industry report showed. “The earnings seasons is disappointing, or at least not delivering to the high expectations of some people,” said Francisco Salvador, a strategist at Dexia Iberian Equities in Madrid. “The market is turning more defensive.” The MSCI World gauge fell 0.6 percent. Aluminum Corp. of China, known as Chalco, declined 0.2 percent in Hong Kong after saying it expects to post a net loss for 2009. Mitsubishi UFJ Financial Group Inc., Japan’s largest publicly traded bank, slipped 2.4 percent in Tokyo after Barclays Plc said banks’ income from lending may slump. Asian Stocks. Losses in Asia were limited after Hong Kong’s Hang Seng Index doubled its gain to 1 percent on a report in Caijing magazine that Shanghai, China’s financial hub, is considering allowing individuals to invest abroad. In Europe, six companies on the Stoxx 600 index fell for every one that gained. Alstom SA, the world’s second-largest train maker, sank 4.6 percent and Casino Guichard-Perrachon SA slid 1.5 percent in Paris after reporting sales that trailed analysts’ estimates. HSBC Holdings Plc paced a retreat among banks, falling 2.2 percent in London after Exane BNP Paribas recommended selling the shares. Volkswagen AG, Europe’s biggest automaker, dropped 2.2 percent in Frankfurt after predicting a “challenging” year in its light commercial-vehicle division. The ZEW Center for European Economic Research said its index of investor and analyst expectations in Europe’s largest economy, which aims to predict developments six months ahead, fell to 47.2 from 50.4 in December. Economists predicted a drop to 50, according to the median of 37 forecasts in a Bloomberg News survey. Cadbury Takeover. Cadbury Plc jumped 3.4 percent after Kraft Foods Inc. agreed to buy the chocolate maker for an increased $19.5 billion. The cost of insuring bonds sold by Uxbridge, England- based Cadbury with credit-default swaps fell 22.5 basis points to 54, the lowest level since October, according to CMA DataVision prices. Futures on the S&P 500 indicated the benchmark U.S. gauge may decline. U.S. markets were closed yesterday for the Martin Luther King Jr. holiday. Kraft slipped 0.7 percent in German trading. Citigroup, whose biggest shareholder is the U.S. government, was little changed before releasing fourth-quarter results at 8 a.m. in New York. International Business Machines Corp. will also report fourth-quarter earnings today after the market closes. The biggest stock market rally since the Great Depression boosted the S&P 500’s price-earnings multiple to 25 last week from 10.1 in March, the lowest in a quarter-century, data compiled by Bloomberg show. Yen Rallies. The yen gained 0.8 percent against the Swiss franc and 0.5 percent versus the euro. The pound advanced against all 16 of its most-traded counterparts, strengthening 0.5 percent versus the dollar and 0.6 percent compared with the euro. Copper rose 0.3 percent to $7,520 a metric ton on the London Metal Exchange, after reaching a one-week high of $7,608. Crude oil gained 0.2 percent to $78.15 a barrel in New York, after earlier falling 1.2 percent. Platinum gained as much as 1%.
High like a kite…:
Microlight pilot Martin Bromage dies on first leg of charity flight to Australia. The body of a microlight pilot has been recovered off the French coast just hours after he set off on on a solo charity flight to Australia.Martin Bromage, 49, took off yesterday morning but contact with him was lost over the Channel. A spokesman for Dover Coastguard confirmed that his body had been found by a French patrol boat at 10pm last night, two miles from Boulogne.
Prince William urged to help improve Aboriginal lives. Elders at community centre in Sydney present royal with petition calling for monarch's intervention to boost living conditions
Prince William was urged to help improve living conditions for Aborigines on the first day of his trip to Australia today.
1.1 billion of stake up – and the business go. Kraft snares Cadbury for $19.6 billion. 6:59am EST. 14 minutes ago. LONDON (Reuters) - Kraft Foods
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