Thursday, 4 February 2010
NEGRO DE PURCARI.
NEGRO DE PURCARI. (One of wines from my roots, and she know it). I’m just curious to think about how’s fun to see the someone kicking his proper ass. It’s like mark goal for yourself. It’s like to hear the ex-President of Portuguese Republic with Lavrov telling me (what they did for long decades),: ’Fica frio Irmão!…’ (“…Fuga de amoníaco causa 29 feridos em exploração agrícola. Hoje. Uma fuga de amoníaco na exploração agrícola "Marinhave", em Samora Correia, Benavente, provocou hoje 29 feridos, todos funcionários da empresa….”)Sometimes, my friends, I can be too shallow in my explanations. Well, how I should put this in a simply think that, everyone are dedicated to construct something. For instance, you see by yourself how the EU does not stop “building” great tall towers of hope and belief on the flimsy foundation of an unjustifiable assumption. Question though remains for me, with all ‘monolithic’ impertinence. On what basis now, I should move forward? How and where I should be sure in my reasons? It’s clear that this “opportunity” is like an “invitation” for a very personal “voyage”, that I want to travel for some time.
Votorantim Buys Lafarge’s Cimpor Stake in Blow to CSN. February 04, 2010, 10:57 AM EST. Feb. 4 (Bloomberg) -- Votorantim Cimentos SA, Brazil’s biggest cement producer, agreed to buy Lafarge SA’s 17 percent stake in Cimpor-Cimentos de Portugal SGPS SA in a move that may scuttle a Brazilian rival’s bid for the company.Votorantim agreed to pay with Brazilian cement assets and possibly cash, Paris-based Lafarge, the world’s largest cement company, said yesterday in a statement. It didn’t put a cash value on the stake, which would be worth about 717 million euros ($996 million) based on Cimpor’s closing price yesterday. Brazilian steelmaker Cia. Siderurgica Nacional SA, known as CSN, in December offered 3.86 billion euros in cash for Cimpor. Investors drove Cimpor shares as much as 14 percent above the offer price in anticipation of a higher bid, and the Lisbon- based company rejected the bid as too low. “These moves from Votorantim make the acquisition of control on Cimpor by CSN more difficult and potentially more expensive,” Sao Paulo-based Itau Securities analysts Marcos Assumpcao and Alexandre Miguel said today in a note to clients. “We still do not rule out a takeover of Cimpor by CSN given its financial ability to execute the deal.” Offer Still Stands. CSN’s offer for Cimpor still stands and remains unchanged, a CSN Sao Paulo-based spokesman, who can’t be named because of company policy, said by telephone today. The steelmaker will continue to invest in expanding its cement interests in Brazil and declined to comment further on the Votorantim deal, he said. According to Portuguese securities regulations, CSN’s current offer for Cimpor is valid until Feb. 17. CSN fell 1.7 percent to 56.05 reais at 1:30 p.m. in Sao Paulo trading. Cimpor fell 6.7 percent to 5.76 euros in Lisbon. Votorantim and Portugal’s state-owned bank, Caixa Geral de Depositos SA, said in a separate statement they will give each other the right of first refusal if they decide to sell, and they will support Cimpor’s international growth while seeking to keep it as a publicly traded company based in Portugal. Cimpor has operations on four continents, and Brazil is its second-biggest market, generating about 20 percent of its revenue in 2008, compared with 23 percent from Portugal. CSN Cement Business.
Sao Paulo-based CSN, which moved into the cement business last year, aims to gain Cimpor’s 9 percent market share in Brazil to become the country’s third biggest cement maker, according to a December report by Oporto, Portugal-based Banco BPI SA. Lafarge ranks sixth in the Brazilian market, with a 7 percent share, according to BPI. Last month, Camargo Correa SA, a holding company for Brazilian construction, steel and toll-road businesses, also offered to buy a minority stake in Cimpor. The company later withdrew its proposal after Portugal’s securities regulator said it violated takeover rules. Votorantim’s accords with Lafarge and Caixa Geral “are defensive moves by Votorantim, which aims to protect its market share in Brazil by preventing CSN from significantly increasing its presence in the Brazilian cement market,” said Barclays Capital analysts Leonardo Correa and Renato Antunes in a note to clients today. A Brasilia-based spokesman for the Brazilian Justice Ministry’s antitrust office, said in a Feb. 3 telephone interview that the Votorantim accords will be subject to approval by local authorities because Votorantim controls more than 20 percent of the Brazilian cement market. There are signs that Votorantim may be trying to limit CSN’s access to this market, he said. Lafarge Role. Lafarge’s role in Cimpor goes back a decade. The company accumulated shares after rival Holcim Ltd. made a hostile bid for the Portuguese company, reaching 10 percent in 2001, when it helped Lisbon-based construction Teixeira Duarte-Engenharia & Construcoes SA win control of Cimpor’s board. Cimpor’s board includes a former Lafarge board member, Jacques Lefevre, and the French company’s co-president of the cement business, Jean-Carlos Angulo.
Teixeira dos Santos: "A presa dos mercados agora somos nós". Num dia em que a bolsa portuguesa está a cair fortemente e os juros da dívida pública atingem máximos, Teixeira dos Santos considerou que a "presa" dos mercados é agora Portugal, depois da Grécia se ter conseguido "desembaraçar".Num dia em que a bolsa portuguesa está a cair fortemente e os juros da dívida pública atingem máximos, Teixeira dos Santos considerou que a “presa” dos mercados é agora Portugal, depois da Grécia se ter conseguido “desembaraçar”. Em declarações à Antena 1 e à RTP, o ministro das Finanças citou a expressão “animal spirits”, muito utilizada nos mercados e que representa o comportamento “um pouco irracional” como se movimentam e comportam os investidores. Os mercados estiveram “muito focados numa presa. A Grécia parece ter-se desembaraçado [e os investidores] agora viraram-se para outra. Viraram-se para nós”, afirmou, acrescentando que “sem razão”, pois “não temos nada a ver com a Grécia”. Assumindo que se tratam de duas economias que estão “nos níveis mais baixos da Europa”, Teixeira dos Santos reiterou que a comparação “não se justifica”.“São realidades completamente diferentes”, com divergências nas “realidades económicas e nas políticas que estão a ser seguidas e também na robustez das contas públicas”, afirmou. A comparação de Portugal com a Grécia acentuou-se depois de ontem o comissário Joaquin Almunia ter afirmado que os problemas da Grécia também afectam outros países. Para Teixeira dos Santos, esta colagem à Grécia “é um problema em que temos que insistir de passar a mensagem” aos mercados de que as realidades são diferentes. Portugal “tem que tornar bem claro que temos consciência dos desafios que temos pela frente”. Na mesma entrevista o ministro afirmou que o “plano português para conter o défice “não será menos ambicioso que o grego, ajustado à realidade que é diferente”.
Romania to host US missile interceptors. The Associated Press. February 04, 2010 11:11 AM EST. BUCHAREST, Romania — Romania's top defense body on Thursday approved a U.S. proposal to place anti-ballistic missile interceptors in the country as part of a revamped U.S. missile shield, the president said. President Traian Basescu said Romania will host "ground capabilities to intercept missiles" that will increase its national security and go into operation starting in 2015. There was no official confirmation from the U.S. government, but a U.S. State Department official in Washington said President Barack Obama's administration had asked Romania to host the system. He spoke on condition of anonymity because he was not authorized to speak publicly. "Romania will not host a system directed against Russia, but against other threats," Basescu said, adding that the measure was not directed against Russia. U.S. Vice President Joseph Biden visited Romania in October as part of his tour of Central Europe, where he presented a revamped U.S. missile shield plan to replace a scrapped Bush-era plan to install interceptors in Poland and radar in the Czech Republic. Basescu said the old U.S. plan only protected a small part of Romania but the new one "guarantees full coverage of Romanian territory" in case of a hostile ballistic or mid-range missile attack. The decision by Romania's Supreme Defense Council came after a meeting between Basescu and U.S. Under Secretary of state for arms control Ellen Tauscher. Basescu said bilateral negotiations will start soon with the U.S. on this issue and the accord must be approved by parliament.
ACR's diamond office raided in Zimbabwe. Eight men armed with AK-47 rifles stormed the Zimbabwe offices of a British-based diamond company after midnight on Tuesday, in an incident police have described as a robbery, the Independent Online reported, citing SAPA. A police spokesperson on Wednesday confirmed the raid on the Zimbabwe headquarters of London-based African Consolidated Resources, and said investigations were in progress, the report said.
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