Tag Archives: Dollar

DaimlerChrysler: Mercedes invests 600 mln dollars in U.S.

The German car manufacturer Mercedes, a subsidiary of the giant DaimlerChrysler announced it would invest 600 million U.S. dollars in the establishment of the State of Alabama in Tuscaloosa. The figure will intermante dedicated to the production of the new model Grand Sports Tourer (GST), on which the group aims to revive the very three-pointed [...]

STM: Goldman reduced profit estimates for 2002

Goldman Sachs has lowered estimates for 2002 earnings per share of STMicroelectronics, taking them from 0.56 to 0.48 dollars. Invatiate estimates for 2003, with EPS expected at $ 0.87. Despite cutting estimates, Goldman believes that STM can outperform the market and that the company is well positioned to benefit from the recovery underway in the [...]

A. Ieralla “Rebound only optical brief

“The market does not seem to find a good level of support on which to set the foundation for a phase of consolidation or a fresh start,” said Alberto Ieralla analyst technician Infochart. “That leaves open the possibility of a technical bounce, but always in the short term and still be exploited to lighten positions [...]

Baiocchi: “positive aspects for the U.S. data”

“Our expectation for the U.S. data today is positive,” says Nicola Baiocchi of Citibank, waiting to know the numbers on the Michigan sentiment and retail sales. “Meanwhile, the Euro Dollar exchange rate should not exceed 1 to 1 ratio and raises the likelihood of a turnaround, even at these levels because it is impossible for [...]

Merrill Lynch: “Downside limited for the dollar”

Analysts at Merrill Lynch believe that the euro will reach and even exceed parity with the dollar by the summer, but the potential downside for the greenback dovrebbbero run out later this year. The fall in equity markets, doubts about economic recovery in the United States and fears of further terrorist attacks have helped to [...]

An intricate mosaic of factors weighs on Asia

The declines in Asian stock trading session just ended are not exclusive “to be charged with falls recorded squares U.S.. The weakness of financial markets in Asia consists of many factors, amplified by the uncertainty that comes from overseas, pushing the Prinicpal lists to the seasonal minimum. The Nikkei, for example, suffer the instability of [...]

The details of the merger Mannesmann Vodafone

arrive more news on the merger between Vodafone Airtouch and Mannesmann. The board of directors of Mannesmann will vote on the agreement later amicably between the two groups. The value of the new company should amount to 182 billion dollars, while the share going to go to Mannesmann would be 49.5% and 49.9% as distributed [...]

L’Oreal signs off on the Argentine market

L’Oreal, the French group of cosmetics and beauty, purchased Ylang, Argentina’s leading company in cosmetics. Ylang recorded in ‘99 has a turnover of over 25 million dollars. The French title is now gaining 0, 9%.

Tags: Argentina, Argentine, Dollar, dollars, Real

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Lloyd’s seeks company in Holland

According to reports, the British financial group Lloyds is in talks with the Dutch-Belgian Fortis for a merger of 90 billion dollars. Llodyd’s is gaining at the 4.77%.

Tags: British, Dollar, dollars

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C & W sells Hong Kong Telecom to Pacific

Cable & Wireless Hong Kong was ceded to Pacific Century Cyberworks to 35.9 billion dollars. Cable & Wireless has given the 54% stake in Pacific Group and will control only 21% of the new group will be called Pacific Century Cyberworks-HongKong Telecom. The new company will be an Asian giant in the telecoms and multimedia [...]