Thursday, 11 February 2010
With these guys…
With these guys…I really must to watch carefully for my household fund, and other money obligations. Run through the ‘numbers’ one more time… Everything, the AXA PPP Healthcare Certificate of Membership, Protection Plan payments, look if the APR is too high, etc. For now, it’s unlikely that I am with ‘Royalties & Concessions’ miss a trick.
Former managing director of the Botswana mining giant Debswana Louis Nchindo was found dead in a bush near Kasane town in the northern part of the country on Wednesday night, Business Report reported, citing Independent Foreign Service (IFS). Mmegi Online also reported Nchindo was dead and that his body had been found. According to the report on South Africa's Business Report, his family reported him missing on Tuesday after he left home in Botswana's capital Gaborone last Thursday heading for Kasane in a Toyota double cab. The police confirmed that he was missing but his vehicle was found locked in a bush in the area before his body was found, the report said. The report said Nchindo's death came at a time when he was facing over 30 criminal charges for fraud, theft and corruption. He recently revealed how the De Beers company has funded the Botswana Democratic Party and its leadership since the 1980s, it said. He was a friend of former President Festus Mogae until they fell out when the charges were laid against Nchindo just a few months before Mogae stepped down, said the report.
Miners push for record iron ore price. February 11 2010 20:33. Global mining companies are pushing steelmakers to accept a record price for iron ore for the 2010-11 annual contracts, risking a repetition of last year’s stand-off with China. The move comes as miners Vale of Brazil and Anglo-Australian Rio Tinto and BHP Billiton start their so-called “benchmark” annual talks with steel companies in Japan, led by Nippon Steel. The talks with Chinese mills, led by Baosteel, have yet to start. If the miners get their way, prices could be settled at, or even above, $90 a tonne – the record level at which the 2008-09 annual contracts were settled – sharply higher than the $60 agreed for 2009-10.
Bill Clinton, former US President, has emergency heart operation. 21 minutes ago. “Today President Bill Clinton was admitted to the Columbia Campus of New York Presbyterian Hospital after feeling discomfort in his chest,” Douglas Band, a spokesman for Mr Clinton, said in a statement.
Cada europeo tendrá que aportar 100 euros para el rescate de Grecia. Publicado el 12-02-10. Hablar es fácil, pero por ahora no hay ningún rescate. Es la crítica que lanzan los expertos ante la inconcreción de los planes de ayuda a Grecia. Ya no sólo porque los mercados necesitan una respuesta convincente a los problemas de la economía helena.
‘Shotgun Greek Wedding’: Feb. 11 German and French banks’ “enormous” exposure to Portugal, Ireland, Greece and Spain explains why Europe’s biggest economies are moving to rescue their southern neighbors, Societe General SA said today in a report titled “Shotgun Greek Wedding.” The CHART OF THE DAY shows how much money German, French, Swiss and U.K. banks have at stake in the so-called PIGS countries. Banks in Germany and France alone have a combined exposure of $119 billion to Greece and $909 billion to the four countries, according to data from the Bank for International Settlements. Overall, European banks have $253 billion in Greece and $2.1 trillion in the so-called PIGS. “The exposure is enormous,” said Klaus Baader, co-chief European economist at Societe Generale in London. “The crisis in Greece isn’t Greece’s problem alone but a concrete problem for Europe’s whole banking sector. That explains the interest of finance ministers in stabilizing the situation.” Leaders from the 16-nation euro area said today they have agreed to act if necessary to help Greece reduce its budget deficit and safeguard financial stability in the region. Debt- stricken Greece is struggling to convince investors it is able to reduce its deficit from 12.7 percent of gross domestic product, sparking turmoil on financial markets. Spain, Portugal and Ireland, also suffering from gaping deficits after the worst recession since World War II, have been sucked into the swirl of widening bond spreads and soaring credit default swaps. The premium investors demand to hold 10- year bonds of the so-called PIGS countries instead of benchmark German bunds, and the cost of insuring against default, have surged this year. “The countries’ situations put the finances of fiscally stronger countries in jeopardy,” Baader said. “That’s one reason why the tone changed.”
Camargo compra posição da Bipadosa e garante 32 por cento da Cimpor. Público.pt - Há 1 hora. A Camargo Corrêa acaba de chegar a acordo com a Bipadosa, siderúrgica espanhola, para comprar 6,9 por cento da Cimpor, ao preço de 6,5 euros por acção, apurou o PÚBLICO junto de fonte ligada ao negócio. O negócio surge um dia depois do grupo brasileiro ter anunciado que adquiriu à Teixeira Duarte (TD) 22,17 por cento da Cimpor, garantindo a opção de compra de mais três por cento do capital através de acções detidas por empresas ligadas à família Teixeira Duarte. Globalmente o grupo brasileiro ficará (quando adquirir os três por cento) com mais de 32 por cento da Cimpor, aproximando-se do limite obrigatório (33 por cento) para o lançamento de uma Oferta Pública de Aquisição (OPA). Uma operação que não pretende concretizar.
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