Posts Tagged Dollar
Euro down on dollar after U.S. data
Dollar finds strength thanks to Wall Street
Dollar still strong, thanks to gains in the U.S. stock market yesterday to the news that one of the largest Saudi investors, Al-Waleed bin Talal, has increased its presence in U.S. society. A denial of fact to recent rumors that it would implement a flight of capital from U.S. markets Saudis. The dollar in mid-session fee 0.9696 per euro (0.9705 and 0.9770 Final ECB) and 120.03 yen (119.87).
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Datalogic signs agreement with BlueStar
Datalogic BlueStar has signed an agreement with the distribution rights in the United States of its “presentation scanners DLL2020 Diamond, a bar code reader that can improve any type of application through the sales thanks to Its compact size. The agreement will allow the Datalogic Group revenue growth of over 4 million dollars over the next two years.
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M. Stanley: “Too much fear (not) to buy”
Jay Pelosky, global strategist at Morgan Stanley, says very concerned about the weakness of the dollar, a real thorn in the side of the equity markets at this time. “The United States will experience low growth in the years to come. Everyone is disappointed by the collapse of stock exchanges, but only now are emerging fears of an excessive devaluation of the dollar, with the risk (for the moment quite remote) of a real collapsing the greenback. Nevertheless, the manager does not seem pessimistic about the future prospects of the equity. “The markets have reached a deep oversold and are going through a phase of high volatility, due to the uncertainty on the recovery of corporate earnings. Overall, the stock is above the minimum in September to just 700 basis points. Trimester in progress, however, should represent a turning point for U.S. companies, with a return to profitability and then to the p / e lower. According to our valuation models, the equity is undervalued by an average of 15% and therefore could be considered rather interesting.
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Unicredito strengthens in Turkey
are becoming increasingly close relations between the group led by Alessandro Profumo and Turkey. The sixth largest bank private Kocbank, has signed a letter of intent with Unicredito for the creation of a joint partnership in financial services in Koç Financial Services (KFS). At the end of 2001, KFS had 4.4 billion dollars in assets and 636 million dollars in client assets under management. Unicredito is recording a rise of 0.5% with the title he won back share 5 euros.
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Moscow: “Exchanges low coupon adjustments”
Round Square with a few ideas for business has to deal with the ex-dividend of many companies (94 ndr.). “The meeting today is characterized by reduced trade,” says Edoardo Mosca of New Investments. “Some European stock markets closed, the adjustments for dividends, fears of new attacks by Bin Laden and the weak U.S. dollar are affecting the start of this week. Prevedible a fix for today as Wall Street, in spite of European markets The last eighth scored a substantial increase.
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London, once again the scene of the banks
The FTSE 100 is now trading at +0.51%, after opening slightly downwards. Open war in the banking sector after news yesterday of a new offer from Bank of Scotland in National Westminister Bank. This morning, Royal Bank of Scotland said it expected a profit increase of 31%, for up to 659 million dollars. This could strengthen its position in the scale. According to some operators, the institution would be ready in fact to increase the offer to turn on Natwest.
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BP Amoco buys Burmah Castrol
The British oil company BP Amoco has bought the company Burmah Castrol lubricants for three billion pounds in cash. The Burmah is gaining 25% on the London Stock Exchange. The operation led to a premium of 74% for shareholder activism of Burmah, compared to the closing price on March 10, the day the talks were announced. BP Amoco said it expects the transaction will lead to savings by 2003 260 million dollars. According to the shareholders the transaction is positive for both groups.
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Mergers between banks in Iceland
The two Icelandic banks, Iceland Investment Bank and Islandbanki are ready to merge in a merger that will create the largest group of credit Icelandic with a market capitalization amounted to 948 million dollars.