Land Securities Group
02 марта 2018, 16:08

Frontrunning: March 2

'Trade wars are good, and easy to win': Trump (Reuters) U.S. Allies Bristle at Trump Tariff Plan (WSJ) The Biggest Problem With Trump’s Tariffs (BBG) Trump’s Tariff Folly (WSJ) Kushner’s Influence in West Wing Wanes After Key Allies Depart (BBG) China's latest conglomerate crackdown casts dealmaking shadow (Reuters) Bitcoin's Plunge in Volume Stirs Questions About Its Popularity (BBG) Israeli police question Netanyahu over telecom case (AP) News Corp. CEO Slams Facebook, Google for Not Sharing Enough Ad Revenue (BBG) Jimmy Kimmel's mission impossible - Oscar host in midst of #MeToo (Reuters) J.C. Penney profit forecast, same-store sales disappoint, shares dive (Reuters) Italy's center-right leaders fret over 5-Star strength (Reuters) Delta subjected to retribution in Georgia for crossing NRA (AP) GM plants to cut 5,000 South Korean jobs, keep production at current level (Reuters) Venezuelans Are Paying a 100% Premium for Cash (BBG) Scaramucci Says He Fears John Kelly Will Thwart SkyBridge Sale (BBG) Overnight Media Digest WSJ - An investing group said it reached a last-minute deal to acquire the assets of Weinstein Co on Thursday, potentially allowing the embattled movie studio to avoid a planned bankruptcy and laying the groundwork to settle government lawsuits stemming from allegations that former co-chairman Harvey Weinstein had engaged in sexual misconduct. - President Donald Trump is likely to nominate Columbia University economist Richard Clarida to become vice chairman of the Federal Reserve Board. - In a meeting Tuesday, members of the Committee on Foreign Investment in the U.S., debated whether the panel has the right to weigh in on Singapore-based Broadcom Ltd bid of $117 billion for Qualcomm Inc before a deal is struck. - The Justice Department in late 2017 told Wells Fargo & Co to conduct an independent investigation of its wealth-management business after whistleblowers from the bank alleged sales problems to the agency, people familiar with the matter said. - YouTube last year stopped hiring white and Asian males for technical positions because they didn't help the world's largest video site achieve its goals for improving diversity, according to a civil lawsuit filed by a former employee.   FT - An investor group led by former U.S. Obama administration official Maria Contreras-Sweet reached an agreement to buy most of the assets of The Weinstein Company. - British-based electronic components maker Laird Plc agreed to a 1 billion pound ($1.38 billion) takeover by U.S. buyout group Advent International. - Matt Hancock, Britain’s culture secretary, ruled out a fresh public inquiry into wrongdoing in the newspaper industry that would have been a follow-up to an investigation in 2011-12 into the conduct and culture of the British press. - National Grid Plc, issuing the first deficit warning in eight years, said that Britain may not have enough gas to meet demand as freezing temperatures hit across the country.   NYT - After a meeting in the Oval Office, the National Rifle Association's top lobbyist Chris Cox said that U.S. President Donald Trump and Vice President Mike Pence "support strong due process and don't want gun control." - President Trump said on Thursday that he would impose stiff tariffs on imports of steel and aluminum, making good on a key campaign promise and rattling stock markets as the prospect of a global trade fight appeared imminent. - Russian President Vladimir Putin threatened the West with a new generation of nuclear weapons on Thursday, including what he described as an "invincible" intercontinental cruise missile and a nuclear torpedo that could outsmart all American defenses. - A Justice Department review is expected to criticize former FBI deputy director Andrew McCabe for authorizing the disclosure of information about a continuing investigation to journalists, according to four people familiar with the inquiry.   Canada THE GLOBE AND MAIL ** An online protest against Mountain Equipment Co-op last weekend was a small one but it quickly led to a big decision: On Thursday, the outdoor-gear retailer cut ties with brands that make water bottles and stand-up paddleboards but are owned by a U.S. company that also sells assault rifles and ammunition. )( ** Calgary-based Tervita Corp, which handles energy-industry waste as well as industrial contracts, is combining with Newalta Corp, which focuses on servicing heavy-oil clients, in an all-stock deal. ( ** Canadian Imperial Bank of Commerce has sent out a memo to its mortgage specialists that said, as of Feb. 1, it has ended its Foreign Income Program and will introduce more stringent requirements for foreign clients. ( NATIONAL POST ** U.S. President Donald Trump's threat to impose steep tariffs on steel and aluminum imports left Canadian companies in a cloud of uncertainty Thursday, jolting stock prices and leaving experts to parse how the punitive action might be enforced. (   Britain The Times Siemens AG is to open Britain's third train manufacturing plant — if it wins multibillion-pound rolling stock orders for either HS2 or London Underground. Streaming service Netflix Inc, which makes the Crown and Stranger Things, will be made available on Sky Plc's Sky Q boxes in the United Kingdom and Ireland within a year, before similar deals in territories including Germany, Austria and Italy. The Guardian The board of Carillion Plc dismissed a proposal that could have poured 218 million pounds ($300.30 million) into the government contractor's ailing pension scheme, believing a month before the company's collapse that they could still revive its fortunes. National Grid Plc has warned that the United Kingdom would not have enough gas to meet public demand on Thursday, as temperatures plummeted and imports were affected by outages. The Telegraph Rentokil Initial Plc has warned that any further decline in the value of the U.S. dollar could impact its profits by up to 4 percent in the coming year, as wider global instability threatens its growth. A chewing gum tax should be introduced to help pay to clean up British streets, the Local Government Association has said. Sky News Alison Carnwath is to step down as chairwoman of the property giant Land Securities Group Plc, triggering a search for a successor to one of only a handful of women at the helm of a FTSE-100 board. Environment Secretary Michael Gove's ministry will announce in the coming days that Ben Goldsmith, a businessman and brother of the former Conservative London mayoral candidate Zac Goldsmith, is to be one of five new non-executive directors, Sky News has learnt. The Independent U.S. President Donald Trump has announced a swathe of new tariffs on steel and aluminium imports to the United States, in the latest protectionist demarche from the White House that will raise already heightened fears of a global trade war.

13 ноября 2017, 16:26

Focus on Third Avenue Real Estate Value Investor Fund (TVRVX)

Third Avenue Real Estate Value Investor Fund (TVRVX) seeks growth of capital for the long run

14 июля 2016, 01:00

Post-Brexit turmoil dredges up bad memories from 2007

The Brexit referendum stoked historic levels of volatility in financial markets, but only a week after the vote most major stock indexes around the world had already recovered all losses. Observers wondered whether the global economy had avoided a systemic-level crisis. This week, however, we got a reminder of what happens when severe dislocations take place in distorted environments. On Wednesday and Thursday, seven of the U.K.'s largest real estate funds froze around $35 billion in combined assets as investors sought to stampede out of British real estate investments. Several managers also simultaneously marked down the value of those funds, hoping to discourage further withdrawals. One fund run by Aberdeen Fund Managers Ltd. suspended redemptions for 24 hours while making a dilution adjustment that reduced its value by 17%, giving panicked investors time and cause to reconsider. Another fund run by Legal & General Group Plc adjusted its value down by 10%. The first three funds to halt redemptions- M&G Investments, Aviva Investors, Standard Life Investments - were forced to do so despite having liquid cash-equivalent positions of 7.7%, 9.3% and 13.1%, respectively. London-based research firm Green Street Advisors last week revealed it sees London office prices falling 20% within three years following the affirmative Brexit vote. Investors, naturally, didn't like the sound of that. Frenzied selling early last week erased more than 3 billion pounds of market value from the FTSE 350 Real Estate Investment Trust Index, with the U.K.'s largest REIT, Land Securities Group Plc, at one point falling nearly 10%. Prices recovered somewhat Thursday and Friday, but investors still appear to have an itchy trigger finger. If the redemption halts and value adjustments aren't enough to prevent further withdrawals, the situation could require forced sales of commercial properties in the U.K. Already more than 650 million pounds worth of proposed real estate deals in London have collapsed in the wake of Brexit, most notably the proposed 465 million pound acquisition of a landmark office block by Germany's Union Investment from U.S. property developer Hines. Another German real estate investor, KanAm, pulled out of its 190 million pound purchase of 1 Wood Street, the London headquarters of the law firm Eversheds. One of the most concerning twists in the saga is the revelation that while many U.K. property funds maintain strong liquidity buffers (which were reinforced leading up to the Brexit referendum), those buffers are often held in shares of other REITs. M&G, for example, owns more than 2 million shares in Aviva's suspended fund, while Standard Life holds about 2.4 million shares in M&G's fund. The decision to hold liquidity buffers in the only-moderate safety of REIT shares is part of a larger distortion of risk taking that has resulted from unprecedented monetary policy following the 2008 financial crisis. With safe-haven bond yields around the world at historic lows, both retail and institutional investors have sought the fantastical combination of liquidity and yield offered by assets like REITs and utilities. The desperate search for income has pushed investors down the risk spectrum, potentially creating bubbles in dividend and distribution yielding instruments. U.K. property funds also suffer from a liquidity mismatch, offering daily liquidity on an underlying foundation of illiquid assets such as commercial real estate, which can take months to sell. Together these factors create the potential for a domino effect within the already fragile European banking system, made worse by the incestuous relationships within the U.K. property market. During the 2008 financial crisis, a similar wave of redemption halts served as a canary in the coal mine for global markets. Janus Capital's Bill Gross, in an interview with Bloomberg TV, didn't shy away from the comparison: "It's reminiscent of Bear Stearns' subprime funds before the Lehman debacle. The system doesn't allow liquidity to flow into the proper places. If these property funds are just one indication, perhaps there will be others to follow. I think it's something to worry about." Having learned lessons from 2008, the financial sector has less leverage and policy makers are more acutely aware of their crucial role in providing liquidity during the worst of the storm. This week's episode, though, highlights the precarious position of global markets. Seven years of experimental monetary policy has reflated asset prices in the absence of corresponding improvement in economic fundamentals. These events may not be the spark to set the global economy aflame once again, but they're a reminder that we've built the recovery on a bed of kindling. Brexit Currency Fallout While British stocks bounced back post-Brexit, the pound this week traded to fresh multi-decade lows versus the dollar. The shellacking has gotten so severe the sterling overtook the Argentine peso as the worst performing currency against the dollar in 2016. Argentina, if you don't remember, triggered a massive peso devaluation late last year when President Mauricio Macri removed its peg from the dollar. Goldman Sachs, Citigroup and Deutsche Bank think the pound plunge is just getting started. Goldman and Citi see the GBP/USD weakening to 1.2000, while Deutsche Bank sees the exchange rate falling even further to 1.1500 (GBP/USD closed Friday at 1.2952). The sharp decline is an acceleration of the British pound's 100-year debasement, which, as currencies tend to do, reflects a decline in the kingdom's global influence. The inverse relationship between the pound and British stocks, however, is not an anomalous divergence. With companies in Great Britain's benchmark FTSE 100 index deriving nearly 70% of their revenues from outside the U.K., the sterling's depreciation actually serves to boost equity valuations. But that doesn't mean the pound's plight is a net positive as investors continue to pull back from investment in the kingdom in light of uncertainty over its trade and employment relationship with the E.U. and other global powers. A major impetus for further devaluation of the pound is policy intervention from the Bank of England (BOE), which looks set to cut rate in hopes of limiting the economic fallout from the Brexit. BOE governor Mark Carney has stepped up admirably (amid the U.K. Treasury's silence) in the wake of the referendum result. He took the unusual step of explicitly signaling intent to pump more stimulus into the British economy, boosting risk assets and weighing further on the pound. However, Carney's helping hand wasn't enough to prevent U.K. consumer confidence from plunging the most in 21 years. U.K. Treasury chief George Osborne finally found his voice more than three days after the vote, saying he wants to cut the kingdom's corporate tax rate from its current level of 20% to below 15% in order to signal that Britain is still "open for business." The real losers in the sterling's pounding are emerging market currencies, which in aggregate have lost around 10% of value versus the dollar so far this year. The International Monetary Fund (IMF) believes the dollar is 10-20% stronger than it should be based on current economic conditions. Devalued currencies can benefit economies by making exports more attractive, but that dynamic becomes much less powerful when global aggregate demand for goods is low. In addition, as currencies depreciate, debt-ridden emerging markets see the effective cost of interest payments increase. As the largest borrower of dollar-denominated debt, China's private sector is the most exposed to this phenomenon. On cue, Chinese trade minister Gao Hucheng this week lamented the "grim" global economy at a two-day G20 trade summit in Shanghai, calling for the international community to "inject impetus for recovery and growth." Translation: Janet Yellen, don't even think about raising rates anytime soon. The Brexit has only exacerbated risk aversion resulting from the global financial crisis. In a low growth world, investors are willing to pay a high price for income and the perception of safety. They also want the returns associated with illiquid investments while maintaining the ostensible protection of liquidity. The Brexit has only made anxious investors even more skittish, but don't tell them to be calm and patient - that really grinds their gears. Get Ready For "Quitaly" or "Italeave" Speculation While all the attention has been focused on the U.K., a more urgent crisis is beginning to rear its ugly head in Europe: the undercapitalization of Italian banks. Within the Italian banking system, 17% of loans are non-performing. By comparison, at the height of the 2008 financial crisis, the percentage of sour loans in the U.S. banking system was 5%. If Italy was the only European country facing a banking crisis, the E.U. would have the tools to help them through it. But given the precarious capital position of banks in even the bloc's most stable countries (see: Germany -> Deutsche Bank), plus the uncertainty surrounding the entire union post-Brexit, the E.U. is not in the best position to cope with the current crunch. The benchmark European financial sector index is already down 30% this year, more than half of those losses coming in the last two weeks. E.U. policymakers are considering the creation of a system-wide non-performing debt market, but the Brexit has caused bad loans to pile up more rapidly in the meantime. And with the further erosion of confidence comes the possibility of bank runs. Think Greece, but on a much larger scale. In response to the 2008 financial crisis, global economic officials kicked the can down the road in hopes improved economic output would paper over cracks created by many years of irresponsible lending. That hasn't happened, and Brexit has only accelerated the inevitable reckoning. Blockbuster Jobs Report Giving investors a respite from the doom and gloom was Friday's stellar U.S. employment situation report. After seeing non-farm payrolls increase by just 11,000 in May, the U.S. economy created 287,000 jobs in June (versus consensus estimates of 180,000). It was the strongest jobs number relative to expectations since December 2009 and the largest month-to-month jump in job creation ever (owing in part to the Verizon workers strike, which began in May and ended in June, eliminating and subsequently returning around 35,000 jobs to the labor force). The wild swing reinforces the fact it's important to focus on employment trends rather than individual data points. Averaging the May and June totals, the U.S. economy created 149,000 per month, closer to the 2016 average of 175,000. While representing a downshift from the 200,000-per-month average from the last six years, the figure is hardly a harbinger of recession. Digging further into the report, the unemployment rate ticked up to 4.9% thanks to an increase in labor force participation. The U-6 unemployment rate, which counts discouraged and reluctant part-time workers, fell from from 9.7% to 9.6%, its lowest reading since April 2008. Slow wage growth has tempered enthusiasm over strong employment gains over the last six years, but in June wages grew 2.6% year-over-year, the largest increase since the financial crisis. The tightening job market is leading to larger pay increases for workers switching jobs, just one indicator that has economists seeing stronger wage growth just around the corner. Had the U.K. voted to remain in the E.U., such a strong report would have likely caused stocks to sell-off in anticipation of Federal Reserve tightening. But with post-Brexit turmoil in global markets eliminating basically any expectation of a Fed rate hike in 2016, a blockbuster report was the goldilocks scenario for risk assets this time around. The S&P 500 responded in kind, rallying sharply Friday to close the week just below all-time highs. Even U.S. Treasuries participated in the rally as investors flocked toward the safe-haven of an insulated American economy. Yield on the the U.S. 10-year note finished the week at an all-time low of 1.3579%. Meanwhile, Japan's 20-year bond yield entered negative territory for the first time. It all goes to show there is no such thing as impossible in markets anymore. The stock market is so far ignoring a flattening yield curve, typically one of the most reliable indicators of a looming economic slowdown. Morgan Stanley and Deutsche Bank believe a recession is on the horizon, but in our analysis, the rapid decline in U.S. Treasury yields says more about the pitiful prospects for rest of the developed world than it does about the U.S. economy. E.U. Cities Court London Jobs French politicians have finally rallied around a common cause, and we're not talking about the national football team's run to the finals of Euro 2016. Seeing an opening from the Brexit, a bi-partisan coalition of government and corporate officials have joined forces in a bid to woo finance jobs from London. And they're not alone. The German government is erecting billboards in London promoting Berlin as a destination for entrepreneurship. Dublin is finalizing an advertising assault on London business executives. Milan thinks European banking regulators would look good in Dolce & Gabbana. JP Morgan, Goldman Sachs, Bank of America Merrill Lynch and Morgan Stanley gave London a half-hearted vote of confidence on Thursday after a meeting with the U.K. Treasury. The banks, along with Citigroup, signed a statement letter saying they would try to maintain support for the city's financial sector, but there was no firm commitment on keeping jobs in the British capitol. There's a big difference between a promise ring and a wedding band, and Jamie Dimon seems to be pinning his hopes on the U.K. having second thoughts about its divorce from the E.U. -- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.

18 мая 2016, 15:00

4 Top-Ranked Invesco Mutual Funds to Bet On

With nearly $792.4 billion of assets under management, Invesco Ltd offers financial solutions through a diverse set of investment vehicles across major equity, fixed income and alternative asset classes

03 июня 2015, 19:15

U.K. stocks higher at close of trade; FTSE 100 up 0.32%

U.K. stocks were higher after the close on Wednesday, as gains in the Construction&Materials, Food&Drug Retailers and Tobacco sectors led shares higher. At the close in London, the FTSE 100 added 0.32%. The best performers of the session on the FTSE 100 were CRH (LONDON:CRH), which rose 3.40% or 61.00 points to trade at 1853.00 at the close. Meanwhile, WM Morrison Supermarkets PLC (LONDON:MRW) added 3.25% or 5.60 points to end at 178.10 and TUI AG (LONDON:TUIT) was up 2.32% or 27.00 points to 1192.00 in late trade. The worst performers of the session were British Land Co Plc (LONDON:BLND), which fell 2.70% or 23.00 points to trade at 829.00 at the close. International Airlines Group (LONDON:ICAG) declined 2.07% or 11.50 points to end at 543.50 and Land Securities Group Plc (LONDON:LAND) was down 1.70% or 22.00 points to 1272.00. Rising stocks outnumbered declining ones on the London Stock Exchange by 1578 to 1054 and 447 ended unchanged. Gold for August delivery was down 0.39% or 4.60 to $1189.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July fell 1.88% or 1.15 to hit $60.11 a barrel, while the July Brent oil contract fell 2.07% or 1.35 to trade at $64.14 a barrel. GBP/USD was up 0.02% to 1.5349, while EUR/GBP rose 1.09% to 0.7346. The US Dollar Index was down 0.72% at 95.30.

19 мая 2015, 19:15

U.K. stocks higher at close of trade; FTSE 100 up 0.38%

U.K. stocks were higher after the close on Tuesday, as gains in the Real Estate Investment Trusts REITs, Automobiles&Parts and Real Estate sectors led shares higher. At the close in London, the FTSE 100 added 0.38%. The best performers of the session on the FTSE 100 were Coca Cola HBC AG (LONDON:CCH), which rose 4.30% or 61.0 points to trade at 1480.0 at the close. Meanwhile, Land Securities Group Plc (LONDON:LAND) added 3.97% or 52.00 points to end at 1363.00 and Intu Properties Plc (LONDON:INTUP) was up 3.12% or 10.70 points to 354.10 in late trade. The worst performers of the session were Bhp Billiton (LONDON:BLT), which fell 3.93% or 57.50 points to trade at 1405.50 at the close. Fresnillo Plc (LONDON:FRES) declined 3.53% or 28.00 points to end at 764.50 and Vodafone Group PLC (LONDON:VOD) was down 3.20% or 7.50 points to 226.60. Rising stocks outnumbered declining ones on the London Stock Exchange by 1788 to 843 and 417 ended unchanged. Shares in Coca Cola HBC AG (LONDON:CCH) rose to 52-week highs; gaining 4.30% or 61.0 to 1480.0. Shares in Land Securities Group Plc (LONDON:LAND) rose to all time highs; up 3.97% or 52.00 to 1363.00. Gold for June delivery was down 1.65% or 20.20 to $1207.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July fell 3.02% or 1.82 to hit $58.42 a barrel, while the July Brent oil contract fell 2.81% or 1.86 to trade at $64.41 a barrel. GBP/USD was down 0.88% to 1.5516, while EUR/GBP fell 0.59% to 0.7185. The US Dollar Index was up 1.19% at 95.34.

24 марта 2015, 17:13

Великобритания/США: Land Securities продаст свою долю в офисном здании на Таймс-сквер компании Black

Крупнейший по рыночной капитализации трастовый фонд недвижимости в Великобритании Land Securities Group заключил соглашение о продаже своей 95%-ной доли в офисном здании на Таймс-сквер в Лондоне. Стоит отметить, что сумма данной сделки составит 268,4 млн фунтов стерлингов (400,5 млн), а покупателем выступит американская частная инвестиционная компания Blackstone Group.

14 августа 2014, 15:58

Frontrunning: August 14

Police fire tear gas, stun grenades at Missouri protesters (Reuters) Putin’s Pipeline Bypassing Ukraine at Risk Amid Conflict (BBG) Russia's Largest Oil Company Seeks $42 billion to Weather Sanctions (WSJ) Shells hit central Donetsk, Russian aid convoy heads towards border (Reuters) U.S. Tightens Sanctions, Putting More Russian Companies at Risk (BBG) How to Blindly Score 43% Profit Overnight in China Stocks (BBG) Tears guaranteed: San Diego Pension Dials Up the Risk to Combat a Shortfall (WSJ) Euro Recovery Halts as Germany Shrinks, France Stagnates (BBG) Billionaire Found in Middle of Bribery Case Avoids U.S. Probe (BBG) Hillary Clinton, Barack Obama 'Hug It Out' on Martha's Vineyard (WSJ) Putin's Ukraine gamble hastens exodus of Russian money and talent (Reuters) U.S. says rescue mission for Iraq's Yazidis less likely after visit (Reuters) France Risks EU Deficit Clash After Scrapping Targets (BBG) Effort to Aid Kurdish Forces Puts Iran, U.S. on Same Side (WSJ) Israel Outflanks White House in Pressing Gaza Strategy (WSJ) Web of lies: How a Spanish tech star fooled the world (Reuters) NewLink says Ebola vaccine trial could start in weeks (Reuters) Fed Officials Suggest Limiting Banks' Repo Exposure (WSJ)   Overnight Media Digest WSJ * White House and State Department officials who were leading U.S. efforts to rein in Israel's military campaign in the Gaza Strip were caught off guard last month when they learned that the Israeli military had been quietly securing supplies of ammunition from the Pentagon without their approval. ( * President Barack Obama and Hillary Clinton found themselves on the same small island Wednesday with very different objectives. The president was seeking an escape from the White House. His former secretary of state was taking steps that could land her there. ( * A large California pension manager is using complex derivatives to supercharge its bets as it looks to cover a funding shortfall and diversify its holdings. The new strategy employed by the San Diego County Employees Retirement Association is complicated and potentially risky, but officials close to the system say it is designed to balance out the fund's holdings and protect it against big losses in the event of a stock-market meltdown. ( * Senior Federal Reserve officials said the "repo" markets that play a fundamental role in moving money around the financial system remain unstable, raising the specter of further limits on big banks' role in the markets. ( * Rival financial data providers Bloomberg LP and Markit Ltd are separately looking at acquiring the fixed-income index unit of Barclays PLC, operator of a widely used benchmark for fixed income portfolio managers that is up for sale, according to people familiar with the matter.( * The struggles of the embattled Kurdish Peshmerga to repel Islamist insurgents have put the United States and Iran on the same side, with both rushing to reinforce a revered fighting force to defeat a common enemy. ( * Coal imports to the United States are rising sharply even as coal mines close throughout Central Appalachia. A big reason: price. It costs $26 a ton to ship coal from Central Appalachia to power plants in Florida compared with $15 a ton to get coal from a mine in Colombia, according to research firm HIS Energy.( * Government bond yields in the United States, Germany and the U.K. closed at their lowest levels of the year on Wednesday as bond investors are convinced major central banks will keep interest rates lower for longer to support economic growth.( * Mexico on Wednesday set aside the bulk of its currently active oil fields for Petróleos Mexicanos but said private companies will be allowed to bid on four-fifths of prospective resources as the government ends the national oil firm's seven-decade monopoly. ( * Cisco Systems Inc once again moved to cut jobs after reporting a quarter of little sales growth, saying it will remove about 6,000 employees from its payrolls.( * Argentina's financial turmoil intensified Wednesday as a hedge fund seeking to collect on defaulted bonds played down settlement hopes, and the peso tumbled to a record low following a surprise interest-rate cut.( * A lobby group for the biggest banks in the foreign-exchange market is backing tougher codes of conduct for traders, while seeking a cautious approach to tweaking currency benchmarks that are at the center of a yearlong regulatory investigation.( * When Colombia undertook an extensive tax overhaul, Wall Street rewarded it by making the country a bigger piece of one of the most widely used emerging-market bond indexes. The index reshuffling prompted investors to redirect billions of dollars to the country's local-currency-denominated debt, causing the value of Colombia's peso to surge against the dollar and this has affected exports.( * Inc on Wednesday began offering a mobile-payment service and smartphone-compatible credit-card reader aimed principally at food trucks and mom-and-pop shops. The service, dubbed Local Register, enters a crowded arena, competing against similar offerings from eBay Inc's PayPal, Square Inc and Intuit Inc as well as more traditional payment systems.( * T-Mobile US Inc's chief financial officer called a $15 billion takeover proposal from French wireless company Iliad SA "inadequate" on Wednesday, but hinted that his company may be open to a higher offer. ( * German auto-parts maker ZF Friedrichshafen AG's attempt to buy U.S. rival TRW Automotive Holdings Corp for more than $10 billion would be the biggest deal to hit the automotive supply chain in years, but it isn't alone: auto supplier merger and acquisition has sizzled in 2014 and industry executives are hunting for more deals. ( * The European Union Chamber of Commerce urged China to ease action taken against foreign companies and to impartially impose corporate laws to boost competition in the country. The call comes as foreign businesses have come under pressure in China, where regulators are attempting to level the corporate playing field by using antitrust laws against multinational companies.( * The United States is staging air strikes in Iraq, Russian troops are amassing on the Ukraine border and Israel and Hamas are at war. All three conflicts have the potential to threaten oil output. But investors and traders say they are worried less about oil supplies and more about soft demand. They have sent Brent crude, the benchmark for world oil prices, tumbling this week.( * A standstill in the nation's retail sector in July showed the U.S. economy struggling to lift off as improvement in the labor market fails to deliver stronger wage and spending growth. Retail sales last month were essentially unchanged from June after adjusting for seasonal differences, the Commerce Department said Wednesday. ( * Amid an industry wide effort to push tablets as smartphones approach the saturation point and subscriber growth stalls, AT&T Inc is quietly beginning a promotion at its stores Wednesday to give customers a $200 discount on an iPad as long as they sign a two-year contract for the device and buy a new iPhone at full price.(   FT Russian steelmaker Evraz Plc has managed to raise a $425 million loan from a syndicate of European banks - an indication that some Western banks are continuing to lend money in the country, despite mounting concerns over the prospect of toughening international sanctions. Saga Plc, a UK travel and insurance company specialising in the over 50s, has bought a majority stake in online holiday packages provider Destinology, marking its first acquisition since the company went public earlier this year. William Ackman has dropped hints that the billionaire investor will look to raise about $4 billion by listing a new investment vehicle on the London Stock Exchange, adopting a strategy other hedge fund titans such as Daniel Loeb and Alan Howard have used in the past. Biotechnology company InterMune Inc has appointed Centerview Partners and Goldman Sachs Group Inc as financial advisers to help the orphan drugmaker prepare for possible takeover bids from larger sector rivals, sources say. European companies have lashed out against the Chinese government renewed attempt to crackdown on alleged violations of the country's anti-monopoly law, with Beijing-based European Chamber of Commerce in China saying that officials have unfairly targeted foreign firms and have subjected them to "intimidation tactics". African Minerals Ltd's board is considering replacing Executive Chairman Frank Timis and said it will strengthen its governance, after the iron ore miner had to launch on internal probe into whether Timis benefited from a $50 million payment he authorised.   NYT * With the largest ever Ebola outbreak now having killed more than 1,000 people in West Africa, drug companies and doctors are scrambling to see whether any existing medicines or drugs under development can help stem the epidemic. ( * Rises in housing prices have been profitable to private equity firms and institutional investors that bought foreclosed homes to flip them or to rent them out. Now the recovery in housing is fueling a niche market for newly minted bonds that are backed by the most troubled mortgages of them all: those on homes on the verge of foreclosure. ( * Germany has shown new resolve in imposing sanctions on Russia over the Ukraine crisis, even if German businesses suffer, and the German public has gone along. ( * In a potent reminder that what consumers say they want and what they actually eat are often very different things, the Burger King Corp said on Wednesday that about two-thirds of its stores would phase out "Satisfries" - the low-fat, low-calorie item that was introduced less than a year ago. ( * Some officials fear that a verdict against the Arab Bank Plc, which is accused of maintaining an account for Hamas, could threaten banking in risky parts of the world. ( * Weeks before the Chinese e-commerce juggernaut Alibaba Group Holding Ltd set to start a roadshow for an initial public offering, it has tidied up relations with its payments affiliate. ( * Barclays Plc could face as much as $2 billion in additional litigation and other costs this year as it continues to grapple with legacy and regulatory issues, a Sanford C. Bernstein analyst said in a research note on Wednesday. ( * Lookout, a seven-year-old mobile security company that is riding a wave of concern over cyberthreats, with 50 million people using its app, has now raised $150 million from investors led by T. Rowe Price Associates Inc. ( * The Massachusetts fire marshal is focused on an e-cigarette as the possible cause of smoldering in a bag that had to be removed from a jet on Saturday night at Boston's Logan International Airport. Airport officials are asking the Transportation Department to consider classifying e-cigarettes as hazardous materials. ( * Hedge fund billionaire Louis Bacon has filed a lawsuit against the Canadian clothing magnate Peter Nygard, claiming a long history of character assassination and numerous environmental misdeeds related to Nygard's large property in the Bahamas. (   Canada THE GLOBE AND MAIL ** Canadians will still be able to get letters delivered to their homes, but only if they have a doctor's note. Canada Post, which announced last December it plans to phase out home delivery in favour of community mailboxes, is asking residents who can't physically get to their designated mailboxes to produce a certificate signed by a "health-care professional." ( ** University of British Columbia on Wednesday announced it has invested C$750,000 in lighting and landscaping to create safer walking routes, as a man wanted in a string of campus sexual assaults is still not caught. The school also said it has strengthened the student safewalk program and added more security bike patrols. ( Reports in the business section: ** A leaked copy of the full text of the Canada-EU free trade agreement was posted online late Wednesday and appeared to confirm the fears of the deal's critics on both sides of the Atlantic. A German television show obtained 521 pages of text, which suggest Canada caved in on the issue of patent protection for drugs and has agreed to limit the number of privately run wine stores in Ontario and British Columbia. ( NATIONAL POST ** As the Conservatives repeatedly attack Liberal Party leader Justin Trudeau over his support for the legalization of marijuana, the Canadian government has asked three groups representing Canadian doctors to endorse a taxpayer-funded advertising campaign warning about the drug's health risks for young people. ( ** In the latest chapter in a legal saga that has been ongoing since 2009, a special prosecutor approved polygamy charges against two men in British Columbia on Wednesday. The British Columbia criminal justice branch said Winston Blackmore and James Oler are each charged with one count of polygamy. Blackmore is accused of having 24 marriages, while Oler is accused of four. ( FINANCIAL POST ** Ohio-based Health Care REIT Inc said on Wednesday it has agreed to acquire HealthLease Properties REIT and its 53 senior residences in Canada and the U.S. for about C$1 billion. The deal also includes a partnership with HealthLease external adviser Mainstreet Property Group LLC to buy 17 properties that are under construction, with an option to buy 45 additional Mainstreet properties that are scheduled to be completed in 2016. ( ** Canadian online education provider Desire2Learn Inc got an C$85 million capital injection, which will be used to further the Kitchener, Ontario-based technology company's global expansion and hire as many as 100 new employees. (   Britain The Times LAND SECURITIES SAILS OUT OF BRISTOL Land Securities Group Plc, Britain's largest property company, has sold its half share in a Bristol shopping mall for 267.8 million pounds ($447 million) as it reshapes its portfolio. FALL IN WAGES HEAPS PRESSURE ON HOUSEHOLDS The squeeze on households in the UK is tightening as official figures showed wages in the UK fell in the three months to June for the first time in five years, despite the unemployment rate falling to its lowest level since 2008. The Guardian BANK OF ENGLAND MAKES EMERGENCY PLANS IN CASE OF SCOTTISH INDEPENDENCE The Bank of England is making emergency plans in case a yes vote in Scotland's independence referendum threatens the stability of sterling, bank governor Mark Carney has disclosed. HSBC AWARDS 15 TOP BANKERS 7.1 MLN STG IN MOVE TO SIDESTEP BONUS RULES HSBC Holdings Plc has given 15 of its top bankers "fixed pay allowance arrangements" worth 7.1 million pounds under a controversial new pay scheme designed to dodge tough new European Union rules on bankers' bonuses. The Telegraph SAS SENT IN TO IRAQ AS US TROOPS LAND ON MOUNT SINJAR The SAS is on the ground in Iraq as part of the operation to rescue 30,000 "desperate" Yazidi refugees, it emerged on Wednesday, as U.S. forces landed on Mount Sinjar. UK GOVERNMENT CAN SUE FRENCH BANK OVER 'MIS-SELLING' TO NORTHERN ROCK The Government has been told it can sue French banking giant Societe Generale for allegedly mis-selling financial products to Northern Rock that were partly to blame for UK lender's collapse. SOUTHERN DENTAL CIRCLED BY PRIVATE EQUITY BIDDERS Mid-market private equity firms CapVest and Graphite are understood to be fighting it out to secure a 100 million pound deal for Southern Dental, the dentist chain which runs 74 dental practices across the south of the country. HARGREAVES LANSDOWN DROPS ISA 'DEATH FEE' AND SHARE VOTE CHARGE Hargreaves Lansdown Plc, which has more 600,000 investors signed up to its services, has removed two controversial charges that were introduced earlier this year as part of an overhaul of its offering. Sky News CAR INSURANCE PREMIUM FALLS 'HIT THE BRAKES' Admiral Group Plc, one of the UK's biggest car insurance firms, has warned that the recent fall in premium costs may be ending, despite regulatory efforts to bring bills down further.     Fly On The Wall Pre-Market Buzz ECONOMIC REPORTS Domestic economic reports scheduled for today include: Jobless claims for week of August 9 at 8:30--consensus 295K Import prices for July at 8:30--consensus down 0.3% ANALYST RESEARCH Upgrades Aruba Networks (ARUN) upgraded to Buy from Hold at Stifel Athlon Energy (ATHL) upgraded to Outperform from Neutral at Credit Suisse Helmerich & Payne (HP) upgraded to Neutral from Underperform at Credit Suisse Infineon (IFNNY) upgraded to Buy from Neutral at UBS JAKKS Pacific (JAKK) upgraded to Overweight from Neutral at Piper Jaffray Liberty Media (LMCA) upgraded to Overweight from Equal-Weight at Evercore Luxottica (LUX) upgraded to Neutral from Sell at Goldman NetApp (NTAP) upgraded to Buy from Hold at Needham PFSweb (PFSW) upgraded to Buy from Neutral at B. Riley Progressive (PGR) upgraded to Buy from Neutral at Citigroup Scorpio Tankers (STNG) upgraded to Outperform from Neutral at Credit Suisse Sotheby's (BID) upgraded to Perform from Underperform at Williams Capital Downgrades Fabrinet (FN) downgraded to Neutral from Buy at B. Riley Freeport McMoRan (FCX) downgraded to Hold from Buy at Stifel Infosys (INFY) downgraded to Hold from Buy at Jefferies InterMune (ITMN) downgraded to Neutral from Buy at Goldman Jones Energy (JONE) downgraded to Neutral from Overweight at JPMorgan Madison Square Garden (MSG) downgraded to Hold from Buy at Topeka Qualys (QLYS) downgraded to Sector Perform from Outperform at RBC Capital Theravance Biopharma (TBPH) downgraded to Underperform from Neutral at RW Baird URS Corporation (URS) downgraded to Neutral from Buy at Sterne Agee ViaSat (VSAT) downgraded to Perform from Outperform at Oppenheimer Initiations AMAG Pharmaceuticals (AMAG) initiated with a Market Perform at FBR Capital Acceleron (XLRN) initiated with an Outperform at FBR Capital American Axle (AXL) initiated with a Neutral at Credit Suisse BorgWarner (BWA) initiated with a Neutral at Credit Suisse Charles Schwab (SCHW) initiated with a Buy at Deutsche Bank Constellation Brands (STZ) initiated with a Neutral at Credit Suisse Cowen Group (COWN) initiated with an Outperform at JMP Securities Delphi Automotive (DLPH) initiated with an Outperform at Credit Suisse E-Trade (ETFC) initiated with a Hold at Deutsche Bank Ford (F) initiated with a Neutral at Credit Suisse General Motors (GM) initiated with an Underperform at Credit Suisse Guess (GES) initiated with a Buy at Wunderlich IAC (IACI) initiated with a Buy at Maxim InterOil (IOC) initiated with an Outperform at Bernstein Keryx (KERX) initiated with a Market Perform at FBR Capital Lear (LEA) initiated with an Outperform at Credit Suisse Magna (MGA) initiated with an Outperform at Credit Suisse Molson Coors (TAP) initiated with an Outperform at Credit Suisse Rockwell Medical (RMTI) initiated with an Underperform at FBR Capital TD Ameritrade (AMTD) initiated with a Buy at Deutsche Bank TRW Automotive (TRW) initiated with a Neutral at Credit Suisse TerraForm Power (TERP) initiated with an Equal Weight at Barclays Tesla (TSLA) initiated with an Outperform at Credit Suisse COMPANY NEWS Cisco Systems (CSCO), which reported Q4 results and gave Q1 guidance, announced that it is cutting 6,000 jobs, or 8% of its workforce Amgen (AMGN) said its Phase 3 clinical trial FOCUS did not meet primary endpoint Conatus Pharmaceuticals (CNAT) announced that it is deferring the results of its NAFLD/NASH clinical trial to 1Q15 NetApp (NTAP) forecast FY15 EPS growth of just under 10% Avago (AVGO) to sell Axxia Networking Business to Intel (INTC) for $650M Tekmira (TKMR) said it sees filing IND, Equiv for TKM-HBV in 2H14 Noodles & Company (NDLS) lowered its FY14 adjusted EPS view to flat with prior year EARNINGS Companies that beat consensus earnings expectations last night and today include: Cisco (CSCO), NetApp (NTAP), Dangdang (DANG), (NTES), Oclaro (OCLR), China Distance Education (DL), WuXi PharmaTech (WX), Veracyte (VCYT), Aspen Technology (AZPN), Spartan Stores (SPTN), Sonic Foundry (SOFO), YuMe (YUME), Onconova (ONTX), Papa Murphy's (FRSH), Conatus (CNAT), Evoke Pharma (EVOK), Vipshop (VIPS) Companies that missed consensus earnings expectations include: Sage Therapeutics (SAGE), B2Gold (BTG), Pan American Silver (PAAS), Eclipse Resources (ECR), IAMGOLD (IAG), Silver Wheaton (SLW), Surgical Care Affiliates (SCAI), Energy XXI (EXXI), Alcentra Capital (ABDC), Gevo (GEVO), Arc Logistics (ARCX), Tekmira (TKMR), PDI, Inc. (PDII), Argos Therapeutics (ARGS), Cinedigm (CIDM), ExOne (XONE), Kindred Biosciences (KIN), Noodles & Company (ndls) Companies that matched consensus earnings expectations include: Materialise (MTLS), World Point Terminals (WPT), Aegean Marine (ANW), Fifth Street Senior (FSFR) NEWSPAPERS/WEBSITES GE (GE) appliance unit drawing interest from Electrolux, Quirky, Bloomberg reports NASDAQ (NDAQ), CME Group (CME) eye Barclays (BCS) index division, Bloomberg reports Google (GOOG), HP (HPQ) in talks to collaborate on 'virtual assistant,' The Information says T-Mobile (TMUS) CFO says Iliad (ILIAF) offer 'flattering,' but 'inadequate,' WSJ reports Overstock (OSTK) CEO says Bitcoin sales averaging $15K/day, Business Insider reports EPA advancing criminal probe into chemical spill at Tyson (TSN) plant, WSJ reports SYNDICATE Advent Software (ADVS) files to sell 3.75M shares for holders American Homes 4 Rent (AMH) files to sell 13M Class A common shares C1 Financial (BNK) 2.632M share IPO priced at $17.00 Cheniere Energy Partners (CQH) files to sell 10.1M shares Enphase Energy (ENPH) files to sell common stock for holders Fifth Street Senior (FSFR) files to sell 22.8M shares of common stock Newfield Exploration (NFX) files automatic mixed securities shelf Priceline (PCLN) proposes $1B private offering of convertible senior notes Rice Energy (RICE) 11.94M share Secondary priced at $27.30 Viper Energy (VNOM) files to sell 3.5M common units for limited partners Zoe's Kitchen (ZOES) 4.5M share Secondary priced at $30.25    

16 июня 2014, 16:29

Европа: пятница 13-е прошлась по рынкам

Европа: пятница 13-е прошлась по рынкам     В пятницу, 13 июня, ключевые фондовые индексы Европы продемонстрировали отрицательную динамику на фоне эскалации конфликта в Ираке. По всей видимости, угроза перебоев поставок нефти могла побудить участников торгов временно воздержаться от риска. Тем временем, среди 19 основных отраслевых групп, входящих в состав индекса Stoxx 600, компании нефтяного сектора показали наилучшие результаты, ввиду роста цен на "черное золото". Из вышедшей накануне в регионе макроэкономической статистики можно отметить профицит торгового баланса еврозоны за апрель на уровне 15,7 млрд евро, при этом предыдущее значение профицита было пересмотрено в меньшую сторону - с 17,1 млрд евро до 16,7 млрд евро. Кроме того стоит обратить внимание на окончательные данные по индексу потребительских цен Германии за май, который, как и ожидалось, уменьшился на 0,1% м/м. При этом по сравнению с данными аналогичного периода прошлого года рост показателя составил 0,9%. По итогам сессии ключевой индекс Великобритании FTSE 100 понизился на 1%, французский CAC 40 опустился на 0,2%, а немецкий DAX ушел в минус на 0,3%. Региональный индикатор STXE 600, в свою очередь, потерял порядка 0,2% и закрылся на отметке 347,07 пункта. Хуже рынка смотрелись акции ряда британских компаний сектора недвижимости. Так, котировки Barratt Developments, Land Securities Group и British Land опустились на 6,3%, 4,4% и 4,3% соответственно. Как уже отмечалось выше, лучше рынка смотрелись бумаги компаний нефтяного сектора. Так, рыночная капитализация Total и Ophir Energy увеличилась на 0,9% и 1,8% соответственно. Позитивную динамику продемонстрировали акции крупнейшей в мире геофизической компании CGGVeritas, подорожавшие на 11% на фоне новостей о ее возможном приобретении со стороны Baker Hughes. Кроме того, бумаги швейцарского производителя сантехники Geberit Produktions прибавили в цене 1,7% ввиду решения аналитиков Goldman Sachs повысить рейтинг его акций с "продавать" до "покупать". ИндексСтранаЗакрытие (пункты)Изменение за день (пункты)Изменение за день (%)Изменение с начала года ATX Австрия 2 556,36 -3,58 -0,14% 0,39% BEL20 Index Бельгия 3 151,84 -16,09 -0,51% 7,80% FTSE 100 Великобритания 6 777,85 -65,26 -0,95% 0,43% DAX Index Германия 9 912,87 -25,83 -0,26% 3,78% IBEX 35 INDEX Испания 11 113,70 25,2 0,23% 12,07% FTSE MIB Италия 22 165,97 2,48 0,01% 16,86% AEX Нидерланды 41 405,00 -69 -17,00% 10205,13% OMX Nordic 40 Скандинавия 1 359,21 -0,81 -0,06% 6,98% CAC 40 Франция 4 543,28 -11,12 -0,24% 5,76% SMI Швейцария 8 653,76 -17,22 -0,20% 5,50% Гладких Анастасия младший аналитик отдела анализа мировых рынков (ИК "Финам")

16 июня 2014, 16:29

Европа: пятница 13-е прошлась по рынкам

Европа: пятница 13-е прошлась по рынкам     В пятницу, 13 июня, ключевые фондовые индексы Европы продемонстрировали отрицательную динамику на фоне эскалации конфликта в Ираке. По всей видимости, угроза перебоев поставок нефти могла побудить участников торгов временно воздержаться от риска. Тем временем, среди 19 основных отраслевых групп, входящих в состав индекса Stoxx 600, компании нефтяного сектора показали наилучшие результаты, ввиду роста цен на "черное золото". Из вышедшей накануне в регионе макроэкономической статистики можно отметить профицит торгового баланса еврозоны за апрель на уровне 15,7 млрд евро, при этом предыдущее значение профицита было пересмотрено в меньшую сторону - с 17,1 млрд евро до 16,7 млрд евро. Кроме того стоит обратить внимание на окончательные данные по индексу потребительских цен Германии за май, который, как и ожидалось, уменьшился на 0,1% м/м. При этом по сравнению с данными аналогичного периода прошлого года рост показателя составил 0,9%. По итогам сессии ключевой индекс Великобритании FTSE 100 понизился на 1%, французский CAC 40 опустился на 0,2%, а немецкий DAX ушел в минус на 0,3%. Региональный индикатор STXE 600, в свою очередь, потерял порядка 0,2% и закрылся на отметке 347,07 пункта. Хуже рынка смотрелись акции ряда британских компаний сектора недвижимости. Так, котировки Barratt Developments, Land Securities Group и British Land опустились на 6,3%, 4,4% и 4,3% соответственно. Как уже отмечалось выше, лучше рынка смотрелись бумаги компаний нефтяного сектора. Так, рыночная капитализация Total и Ophir Energy увеличилась на 0,9% и 1,8% соответственно. Позитивную динамику продемонстрировали акции крупнейшей в мире геофизической компании CGGVeritas, подорожавшие на 11% на фоне новостей о ее возможном приобретении со стороны Baker Hughes. Кроме того, бумаги швейцарского производителя сантехники Geberit Produktions прибавили в цене 1,7% ввиду решения аналитиков Goldman Sachs повысить рейтинг его акций с "продавать" до "покупать". ИндексСтранаЗакрытие (пункты)Изменение за день (пункты)Изменение за день (%)Изменение с начала года ATX Австрия 2 556,36 -3,58 -0,14% 0,39% BEL20 Index Бельгия 3 151,84 -16,09 -0,51% 7,80% FTSE 100 Великобритания 6 777,85 -65,26 -0,95% 0,43% DAX Index Германия 9 912,87 -25,83 -0,26% 3,78% IBEX 35 INDEX Испания 11 113,70 25,2 0,23% 12,07% FTSE MIB Италия 22 165,97 2,48 0,01% 16,86% AEX Нидерланды 41 405,00 -69 -17,00% 10205,13% OMX Nordic 40 Скандинавия 1 359,21 -0,81 -0,06% 6,98% CAC 40 Франция 4 543,28 -11,12 -0,24% 5,76% SMI Швейцария 8 653,76 -17,22 -0,20% 5,50% Гладких Анастасия младший аналитик отдела анализа мировых рынков (ИК "Финам")

16 июня 2014, 16:29

Европа: пятница 13-е прошлась по рынкам

Европа: пятница 13-е прошлась по рынкам     В пятницу, 13 июня, ключевые фондовые индексы Европы продемонстрировали отрицательную динамику на фоне эскалации конфликта в Ираке. По всей видимости, угроза перебоев поставок нефти могла побудить участников торгов временно воздержаться от риска. Тем временем, среди 19 основных отраслевых групп, входящих в состав индекса Stoxx 600, компании нефтяного сектора показали наилучшие результаты, ввиду роста цен на "черное золото". Из вышедшей накануне в регионе макроэкономической статистики можно отметить профицит торгового баланса еврозоны за апрель на уровне 15,7 млрд евро, при этом предыдущее значение профицита было пересмотрено в меньшую сторону - с 17,1 млрд евро до 16,7 млрд евро. Кроме того стоит обратить внимание на окончательные данные по индексу потребительских цен Германии за май, который, как и ожидалось, уменьшился на 0,1% м/м. При этом по сравнению с данными аналогичного периода прошлого года рост показателя составил 0,9%. По итогам сессии ключевой индекс Великобритании FTSE 100 понизился на 1%, французский CAC 40 опустился на 0,2%, а немецкий DAX ушел в минус на 0,3%. Региональный индикатор STXE 600, в свою очередь, потерял порядка 0,2% и закрылся на отметке 347,07 пункта. Хуже рынка смотрелись акции ряда британских компаний сектора недвижимости. Так, котировки Barratt Developments, Land Securities Group и British Land опустились на 6,3%, 4,4% и 4,3% соответственно. Как уже отмечалось выше, лучше рынка смотрелись бумаги компаний нефтяного сектора. Так, рыночная капитализация Total и Ophir Energy увеличилась на 0,9% и 1,8% соответственно. Позитивную динамику продемонстрировали акции крупнейшей в мире геофизической компании CGGVeritas, подорожавшие на 11% на фоне новостей о ее возможном приобретении со стороны Baker Hughes. Кроме того, бумаги швейцарского производителя сантехники Geberit Produktions прибавили в цене 1,7% ввиду решения аналитиков Goldman Sachs повысить рейтинг его акций с "продавать" до "покупать". ИндексСтранаЗакрытие (пункты)Изменение за день (пункты)Изменение за день (%)Изменение с начала года ATX Австрия 2 556,36 -3,58 -0,14% 0,39% BEL20 Index Бельгия 3 151,84 -16,09 -0,51% 7,80% FTSE 100 Великобритания 6 777,85 -65,26 -0,95% 0,43% DAX Index Германия 9 912,87 -25,83 -0,26% 3,78% IBEX 35 INDEX Испания 11 113,70 25,2 0,23% 12,07% FTSE MIB Италия 22 165,97 2,48 0,01% 16,86% AEX Нидерланды 41 405,00 -69 -17,00% 10205,13% OMX Nordic 40 Скандинавия 1 359,21 -0,81 -0,06% 6,98% CAC 40 Франция 4 543,28 -11,12 -0,24% 5,76% SMI Швейцария 8 653,76 -17,22 -0,20% 5,50% Гладких Анастасия младший аналитик отдела анализа мировых рынков (ИК "Финам")

15 мая 2014, 11:34

Великобритания: компания Land Securities отчиталась о росте годовой прибыли

Крупнейший по рыночной капитализации трастовый фонд недвижимости в Великобритании Land Securities Group отчитался об увеличении годовой прибыли ввиду повышения стоимости чистых активов. Так, чистая прибыль за 12 месяцев с окончанием в марте увеличилась с 533 млн фунтов стерлингов или 68,1 пенса на акцию годом ранее до 1,12 млрд фунтов ($1,9 млрд) или 141,8 пенса на бумагу.

15 мая 2014, 10:08

Утренний брифинг от Saxo Bank: обзор рынков на 15 мая 2014 года

Форекс: Евро торгуется в узком диапазоне  Этим утром торги по евро относительно главных валют идут в ограниченном диапазоне. Между тем, инвесторы находятся в ожидании выхода предварительных данных по ВВП за первый квартал для стран Еврозоны; так, согласно прогнозам, они должны свидетельствовать об улучшении ситуации. Будет опубликован отчёт по инфляции потребительских цен в Еврозоне, который, скорее всего, должен подтвердить апрельский рост. В США запланирован ряд макрорелизов, в частности интерес представит информация по первичным заявкам на пособие по безработице и потребительским ценам. Кроме того, президент Федеральной резервной системы Джанет Йеллен выступит в Торговой палате с речью. В 5 часов утра по GMT евро несколько прибавил против американского доллара, торгуясь по цене 1,3718 доллара, и чуть опустился в сравнении с британским фунтом, составив 0,8178 фунта. Японская иена выросла на 0,1 процента как по отношению к доллару США, так и евро. Тем временем, данные за первый квартал 2014 год показали рост экономики Японии больше ожиданий. Австралийский доллар незначительно снизился относительно американского доллара. Европа: Рынок откроется в «минусе» Открытие германского фондового индекса DAX и французского CAC ожидается на 25-29 пунктов и 8-9 пунктов ниже соответственно. Индекс Британской фондовой биржи FTSE100 откроется понижением на 6-8 пунктов . Публикация объёма ВВП Еврозоны, Германии, Франции, Италии, Португалии и Греции; индекса потребительских цен Еврозоны; индекса цен производителей и цен на импорт Швейцарии; индекса ведущих экономических индикаторов Великобритании от CB запланирована на сегодня. Кроме того, выйдет отчёт Европейского центрального банка. Cie Financiere Richemont SA (CFR), Intesa Sanpaolo SpA (ISP), Deutsche Post AG (DPW), Merck KGaA (MRK), Vivendi SA (VIV), Assicurazioni Generali SpA (G), KBC Groep NV (KBC), Bouygues SA (EN), National Grid (NG/), Land Securities Group (LAND), London Stock Exchange Group (LSE), Vedanta Resources (VED), Talktalk Telecom Group (TALK) и Thomas Cook Group (TCG) отчитаются по результатам своей деятельности. Препарат иммунотерапии онкологических заболеваний MPDL3280A компании Roche Holding AG (ROG) дал обнадёживающие результаты в лечении прогрессирующего рака мочевого пузыря на ранней стадии клинического испытания. Deutsche Bank AG (DBK) назначил Алистера Блэкмана (Alastair Blackman) из Credit Suisse Group AG (CSGN) своим новым управляющим директором и начальником отдела медиа-индустрии в сфере инвестиционного банкинга для стран Европы, Ближнего Востока и Африки. Assicurazioni Generali SpA (G) вступила в эксклюзивные переговоры с Grupo BTG Pactual SA в отношении возможной продажи швейцарского частного банка BSI Group. Deutsche Euroshop AG (DEQ) в отчёте за первый квартал 2014 года сообщил о росте доходов на 18 процентов и 12-процентном увеличении прибыли. Главный исполнительный директорAstraZeneca (AZN) Паскаль Сорио (Pascal Soriot) заявил, что компания проведёт переговоры с Pfizer относительно возможного поглощения, если сроки и условия изменённого предложения от последней будут достаточно выгодными. По словам AstraZeneca (AZN), экспериментальный препарат AZD9291 для лечения рака лёгких показал положительные результаты на ранней стадии испытаний, сократив опухоли у 51 процента пациентов. Сегодня на ежегодном совещании Lloyds Banking Group (LLOY) предстоит столкнуться с серьёзными вопросами со стороны своих акционеров в отношении компенсации в 7,8 миллиона фунтов стерлингов, предоставленной главному исполнительному директору Антонио Орта-Осорио (Antonio Horta-Osorio), – передаёт Reuters. Азия: Рынки торгуются смешанно Этим утром азиатские рынки демонстрируют разнонаправленную динамику. В Японии Sony (6758 ) отступили в силу неожиданного прогноза чистых убытков на полный год. Акции банковского сектора Sumitomo Mitsui Financial Group (8316), Mitsubishi UFJ Financial Group (8306) и Mizuho Financial Group (8411) пошли вниз из-за прогноза падения годовой чистой прибыли. Credit Saison (8253) потеряли в цене в связи с более слабой, чем ожидалось, годовой прибылью. Тем не менее, Pioneer (6773) подскочили на планах компании продать своё подразделение по производству аудиовизуальной продукции. В 5 часов утра по GMT индекс Токийской фондовой биржи Nikkei 225 торгуется на 0,8 процента ниже на отметке 14285,0 пункта. В Южной Корее Youlchon Chemical (008730), DuzonBIzon (012510) и Dong-A ST (170900) опустились, оказавшись в списке топ-отстающих среди компонентов индекса KOSPI. В Гонконге Tencent Holdings (700) выросли ввиду 60-процентного роста прибыли в первом квартале. Country Garden Holdings (2007), напротив, отступили на фоне регистрации прибыли вслед за 11-процентным ростом в течение двух предыдущих сессий, что в свою очередь было вызвано новостями о том, что правительство будет оказывать поддержку рынку недвижимости. В Китае бумаги сектора недвижимости Gemdale Corporation (600383), China Merchants Property Development (000024) и Poly Real Estate Group (600048 ) зафиксировали потери. США: Фьючерсы торгуются выше В 5 часов утра по GMT фьючерсы на S&P 500 торгуются на 0,1 пункта выше. Публикация индекса потребительских цен, числа первичных и повторных заявок на получение пособия по безработице, объёма промышленного и фабричного производств, индекса деловой активности в обрабатывающем секторе Нью-Йорка, обзора производственной активности от ФРБ Филадельфии, чистого и общего объёма покупок долгосрочных американских ценных бумаг иностранными инвесторами, индекса рынка жилья по данным Национальной ассоциации жилищно-строительных фирм (NAHB) и индекса использования производственных мощностей планируется на сегодня. Wal-Mart Stores (WMT), Applied Materials (AMAT), CA Inc. (CA), Nordstrom (JWN), Kohl's Corporation (KSS), Autodesk (ADSK), Alliant Techsystems (ATK) и J. C. Penney Company (JCP) объявят о своих результатах сегодня. В среду в рамках продлённой торговой сессии Cisco Systems (CSCO) выросли на 7,2 процента вследствие превзошедших ожидания экспертов результатов третьего квартала. Juniper Networks (JNPR) и Ciena Corporation (CIEN) продвинулись вперёд на 1,6 процента и 1,1 процента соответственно. Vipshop Holdings (VIPS) подскочили на 8,7 процента ввиду дохода и прибыли за первый квартал, а также прогноза дохода на второй квартал выше оценок аналитиков. VOXX International (VOXX), напротив, стремительно упали на 21,6 процента из-за более слабых, чем ожидалось, данных за четвёртый квартал. ExOne Company (XONE) снизились на 14,0 процентов по причине роста убытков в первом квартале в результате более слабого дохода. Jack in the Box (JACK) уменьшились на 2,8 процента в связи с отставанием прибыли второго квартала от ожиданий рынка. Американский фондовый индекс S&P 500 во время вчерашней торговой сессии опустился на 0,5 процента. Fossil Group (FOSL) подешевели на 10,3 процента после того, как прогноз компании по продажам и прибыли на второй квартал оказался ниже оценок рынка. International Business Machines (IBM) потеряли 1,8 процента несмотря на то, что главный исполнительный директор Джинни Рометти (Ginni Rometty) выразил полную уверенность в прогнозе компании для прибыли на 2015 год. Сокращение прогноза продаж транспортных средств привели к падению Deere (DE) на два процента. Whirlpool (WHR) отступили на 4,6 процента, продолжив снижения предыдущей сессии после урезания брокером рейтинга с «Buy» до «Neutral». Бумаги Macy's (M) закрылись почти без изменений. Между тем, компания сообщила о более высокой, чем ожидалось, прибыли в первом квартале, в то время как продажи вышли ниже ожиданий рынка. Кроме того, компания увеличила программу обратной покупки акций на 1,5 миллиарда долларов, повысила дивидендные выплаты и прогноз продаж и прибыли на 2014 год. Iron Mountain (IRM) пошли вверх на 7,2 процента благодаря подтверждению брокером рейтинга акций на уровне «Overweight». Цена на бумаги Western Digital (WDC) возросла на 3,3 процента вслед за повышением брокером рейтинга с «Equal-weight» до «Overweight» и целевой цены. Сводка последних новостей Японская экономика растёт быстрее, чем того ожидают С учётом сезонной корректировки ВВП Японии в первом квартале 2014 года увеличился на 1,5 процента, что выше рыночных ожиданий и пересмотренного показателя роста предыдущего месяца в 0,1 процента. Индекс активности в секторе услуг Японии идёт вверх «в ногу с ожиданиями» Индекс активности в секторе услуг Японии в марте поднялся на 2,4 процента, совпав с ожиданиями рынка, тогда как месяцем ранее с учётом пересмотра было отмечено понижение на 0,9 процента. Австралийские продажи новых транспортных средств сокращаются Годовой уровень объёма продаж новых транспортных средств в Австралии отступил на 1,9 процента в апреле по сравнению с пересмотренным показателем падения предшествующего месяца в 2,9 процента. Рост деловой активности в производственном секторе Новой Зеландии замедляет темпы Новозеландский индекс деловой активности в секторе обрабатывающей промышленности от государственной организации Business New Zealand, представляющей интересы деловых кругов, в апреле опустился до 55,2 с пересмотренного значения марта в 58,0, оставаясь при этом всё ещё выше отметки 50. Материал предоставлен Saxo Bank

12 ноября 2013, 11:17

Утренний брифинг от Saxo Bank: обзор рынков на 12 ноября 2013 года

Обзор Форекс: Евро торгуется смешанно  Этим утром евро демонстрирует разнонаправленную динамику относительно своих главных соперников. В ходе сегодняшней предстоящей торговой сессии в поле зрения трейдеров будут данные по инфляции потребительских цен из Германии, которые помогут оценить последние инфляционные тренды в крупнейшей экономике Европы. Кроме того, информация по инфляции потребительских цен в Великобритании также вызовет умеренный интерес в преддверии выхода квартального отчёта по инфляции. Тем временем, в США привлекут к себе внимание выступления некоторых из политических лидеров. Так, в 6 часов утра по GMT евро потерял 0,2 процента и 0,1 процента против американского доллара и британского фунта, торгуясь по цене 1,3387 доллара и 0,8379 фунта соответственно. Австралийский доллар опустился на 0,3 процента в сравнении с долларом США после того, как октябрьские данные констатировали ухудшение настроения в деловых кругах Австралии. Европа: Рынок откроется в «плюсе» Открытие германского фондового индекса DAX и французского CAC ожидается на 18-19 пунктов и 3 пункта выше соответственно. Индекс Британской фондовой биржи FTSE100 откроется повышением на 9 пунктов. Публикация индекса потребительских цен Германии, Италии и Португалии; индекса оптовых цен Германии; индекса потребительских цен, индекса цен производителей, индекса розничных цен, индекса ведущих экономических индикаторов от Совета национальной промышленной конференции (экономическая исследовательская организация) и индекса цен на жильё от ONS Великобритании запланирована на сегодня. Henkel AG & Company KGaA (HEN3), Deutsche Post AG (DPW), Infineon Technologies AG (IFX), Lanxess AG (LXS), Bilfinger SE (GBF), Acciona SA (ANA), Vodafone Group (VOD), Land Securities Group (LAND), Babcock International Group (BAB), Talktalk Telecom Group (TALK), BTG (BTG) и Oxford Instruments (OXIG) объявят о своих результатах сегодня. Член Европейской комиссии Хоакин Альмуния (Joaquin Almunia) заявил о проведении проверки относительно того, имело ли место снижение скорости интернет-соединения компаниями Deutsche Telekom AG (DTE), Orange SA (ORA) и Telefonica SA (TEF) в целях нанесения ущерба конкурентам, которым требуется большой объём данных. Caixabank SA (CABK) планирует выпустить облигации стоимостью около 620,0 миллионов евро, которые по истечении срока могут быть обменены на акции Repsol SA (REP) или наличные средства, или разом и то и другое. UniCredit SpA (UCG) опубликовала данные о снижении чистой прибыли за третий квартал на 39,0 процентов, между тем, как показатели превысили консенсус-прогноз рынка. Главный исполнительный директор кенийского подразделения Diageo (DGE) Чарльз Айлэнд (Charles Island) сообщил, что в настоящее время компания рассматривает расширение своих операций в Южном Судане и других странах Восточной Африки с целью извлечь выгоду из ускорения экономического роста в регионе. По информации «Reuters», Barclays (BARC) заключила контракт на поставку сырой нефти на немецкий перерабатывающий завод швейцарской Klesch Group в рамках расширения сырьевого бизнеса банка. Азия: Торги в основном в «зелёном» Этим утром азиатские рынки большей частью торгуются на положительной территории. В Японии KDDI Corporation (9433) пошли вверх после того, как компания спрогнозировала увеличение среднего дохода на одного пользователя. Dentsu Corporation (4324) прибавили в цене ввиду того, что компания пересмотрела прогноз чистой прибыли на полный год в сторону повышения. Акции финансового сектора Mizuho Financial Group (8411) и Mitsubishi UFJ Financial Group (8306) зарегистрировали повышение. Taiyo Yuden (6976), напротив, отступили в силу понижения годового прогноза чистой прибыли. В 6 часов утра по GMT индекс Токийской фондовой биржи Nikkei 225 торгуется на 2,1 процента выше на отметке 14565,5 пункта. В Китае Kweichow Moutai (600519) подорожали на сообщениях компании о планах по покупке недвижимости в Париже приблизительно за 8,8 миллиона евро в целях развития бизнеса в Европе. В Южной Корее Hyundai Motor (005380) прибавили в цене. Компания объявила об отставке её президента по научно-исследовательским разработкам Квон Мун Сика (Kwon Moon-sik) и двух других руководителей, ссылаясь на проблемы в обеспечении качества работы. KCC Corporation (002380), напротив, сократились в результате пессимистичных данных по прибыли за третий квартал. В Гонконге SJM Holdings (880) упали вслед за понижениями брокера после опубликования более низкой, чем ожидалось, операционной прибыли за третий квартал. Фондовые рынки США: Фьючерсы торгуются выше В 6 часов утра по GMT фьючерсы на S&P 500 торгуются на 1,5 пункта выше. Публикация индекса национальной деловой активности от Федеральной резервной системы Чикаго, индикатора оптимизма в сфере малого предпринимательства от Исследовательского фонда Национальной федерации независимого бизнеса (NFIB) и индекса розничных продаж от Johnson Redbook планируется на сегодня. DISH Network (DISH), Argonaut Gold (AR), NRG Energy (NRG) и D. R. Horton (DHI) объявят о своих результатах сегодня. В понедельник в рамках продлённой торговой сессии News Corporation (NWSA) отступили на 1,6 процента вслед за неудовлетворительными данными первого квартала. Более низкие, чем ожидалось, итоги по прибыли привели Rackspace Hosting (RAX) к падению на 7,8 процента. Hologic (HOLX) подешевели на 8,3 процента в силу отставания дохода за четвёртый квартал от рыночного консенсуса, а также слабого прогноза дохода и прибыли на первый квартал и полный год. Fuel Tech (FTEK) «взлетели» на 19,0 процентов благодаря оптимистичным показателям третьего квартала. Во время вчерашней регулярной торговой сессии американский фондовый индекс S&P 500 прибавил 0,1 процента. (AMZN) подорожали на 1,2 процента после того, как компания и Почтовая служба США пришли к соглашению о создании объединения для осуществления новой услуги воскресных доставок. Transocean (RIG) подскочили на 3,6 процента вследствие достижения компанией соглашения с активным инвестором Карлом Иканом (Carl Icahn) в целях поддержать выплату дивидендов в размере трёх долларов за акцию и сократить расходы. Best Buy (BBY) продвинулись вперёд на 4,5 процента в связи с повышением брокером рейтинга с «Neutral» до «Buy». Google (GOOG) уменьшились на 0,5 процента из-за исключения брокером акций компании из списка «Best Idea». Denbury Resources (DNR) снизились на 5,9 процента вслед за указанием компании на то, что она отказалась от общего партнёрства с ограниченной ответственностью, которое, вероятно, было призвано помочь компании значительно увеличить капитал для финансирования выкупа акций и выплаты дивидендов. FirstEnergy (FE) сократились на 5,7 процента на новостях о планах компании потратить дополнительные 2,8 миллиарда долларов на восстановление высоковольтной системы электропередачи. Сводка последних новостей Fitch подтвердило кредитный рейтинг Кипра Рейтинговое агенство Fitch Ratings подтвердило долгосрочный рейтинг дефолта эмитента Кипра в иностранной и национальной валютах на уровне «B-» и «CCC» соответственно, ссылаясь на «хорошие» результаты от первоначальной реализации программы внешней поддержки ЕС-МВФ. Тем не менее прогноз по долгосрочному рейтингу дефолта эмитента в иностранной валюте – «негативный» ввиду того, что понижательные риски увеличивают вероятность снижения эффективности многолетней программы. Цены на жильё в Великобритании продолжают повышаться Октябрьский баланс цен на жильё от Королевского института сертифицированных оценщиков в Великобритании подскочил к одиннадцатимесячному максимуму – 57,0 пунктов с учётом сезонной корректировки по сравнению с пересмотренными сентябрьскими 53,0 пунктами. Японский индекс активности в секторе услуг рухнул С учётом корректировки на сезонность на ежемесячной основе индекс активности в секторе услуг Японии неожиданно упал на 0,2 процента в сентябре, тогда как августовское пересмотренное в сторону понижения повышение составило 0,6 процента. Денежный агрегат в Японии набирает оброты На годовой основе японский денежный агрегат M2+CD в октябре поднялся до 4,1 процента, что оказалось больше рыночных оценок; в предшествущем месяце рост равнялся 3,9 процента. Тем временем годовой денежный агрегат M3 вырос на 3,3 процента в октябре по сравнению с сентябрьским увеличением в 3,1 процента. Уверенность в деловых кругах Австралии падает Австралийский индекс уверенности в деловых кругах от Национального банка Австралии в октябре опустился до 5,0 пунктов; в предыдущем месяце его значение составляло 12,0 пунктов. Темпы продаж жилья в Новой Зеландии замедляются На ежегодной основе октябрьский объём продаж жилья от Резервного банка Новой Зеландии увеличился на 2,1 процента, тогда как в прошлом месяце он показывал рост на 19,0 процентов. Материал предоставлен Saxo Bank

24 сентября 2013, 18:42

Великобритания: строительные компании начинают осваивать бывший квартал Красных фонарей

Британские строительные компании начинают осваивать бывший квартал Красных фонарей, включающий в себя районы Викториа и Кингс Кросс. Так, компания Blackstone Group купила землю вблизи площади Святого Джеймса, в то время как Land Securities Group инвестирует 2 млрд фунтов стерлингов ($3,2) в строительство элитных домов в районе Викториа. Стоит отметить, что близлежащий район Мейфэр и площадь Святого Джеймса славятся самыми высокими ценами на недвижимость во всем мире.

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17 сентября 2013, 19:33

CIT Group leads solar energy land lease financing

CIT Group keeps the deals moving as it awaits a phone call on a buyout, acting as lead financier on a $100M secured senior credit facility for AWCC Holdings - a subsidiary of American Wind Capital - to acquire a portfolio of land leases and lease royalties from solar projects across the country.Press release. Post your comment!

10 сентября 2013, 23:45

Revealed: DHS Strategy to Seize Digital Information at Border

The Constitution-free Zone Joe Wright Activist Post Newly disclosed documents address the case of computer programmer David House who had several electronic devices seized by border control following his involvement with Bradley Manning. The documents were released after a long ongoing court battle that House initiated against the U.S. government with help from the American Civil Liberties Union. The documents reveal a troubling amount of surveillance and planning to ensure that House's personal effects and information would be seized without judicial approval and without being charged with any criminal activity. In a classic case of guilt by association, David House wound up on a government watch list after befriending Manning and later starting the Bradley Manning Support Network following Manning's arrest.  His file noted that the government was on the lookout for a second batch of classified documents Manning had reportedly shared with the group WikiLeaks but hadn't made public yet. Border agents were told that House was "wanted for questioning" regarding the "leak of classified material." They were given explicit instructions: If House attempted to cross the U.S. border, "secure digital media," and "ID all companions." Very few people are aware that in a country supposedly protected by a Constitution enumerating liberties such as freedom from unreasonable searches and seizures, there exists a 100-mile-wide ring around the entire nation that the ACLU has called a "Constitution-free Zone." It is here that government has tried hardest to test the limits of its authority.  google_ad_client = "pub-1897954795849722"; /* 468x60, created 6/30/10 */ google_ad_slot = "8230781418"; google_ad_width = 468; google_ad_height = 60;  This zone lies within the realm of border protection and permits otherwise unconstitutional actions such as inland checkpoints, drones, license plate tracking, biometric data collection, and DNA collection, all without a warrant. DHS has sought to add digital searches and confiscation to the list, which is where the ACLU began its original battle. What makes this Constitution-free zone additionally troubling is that the nation's largest cities lie within it, making 2/3 of the population susceptible to whatever the government wishes to do. However, for now, digital seizures have been utilized primarily in direct border entries. Americans have long come to accept that when encountering a foreign border in their travels, it is OK for agents to physically and electronically examine one's baggage and other personal effects; we have been well trained that we are all guilty until proven innocent by the State until permitted to proceed. As ArsTechnica previously reported, if a laptop or other digital device is part of your personal effects, DHS has attempted to assert that not only should the device be superficially examined, but any files on that device could also be examined. This not only crushes the 4th Amendment, but potentially the First as well:  Some also contend that searching laptops without reasonable suspicion violates the First Amendment. The Civil Rights and Civil Liberties Office at the DHS, which is theoretically in charge of 'promoting respect for civil rights and civil liberties in policy creation and implementation' within the organization, disagrees.  'Some critics argue that a heightened level of suspicion should be required before officers search laptop computers in order to avoid chilling First Amendment rights,' writes Tamara Kessler, the report's author. 'However, we conclude that the laptop border searches allowed under the ICE and CBP Directives do not violate travelers' First Amendment rights.' (Source) Full clarification of "reasonable suspicion" hasn't been forthcoming. The office that cares so much about your civil liberties and privacy has offered only an executive summary so far, but the full report is off limits.  That rubs the ACLU the wrong way. 'Given the report's troubling conclusion that its agents are entitled to the sweeping power to examine Americans' private papers, it is important that the agency make the full and complete report available,' Crump told us. 'The public has a strong interest in understanding the arguments and evidence that supports the report's conclusion, not just in knowing the ultimate results.' David House's ongoing battle has now forced the government to reveal some of their methods, as well as the tenuous assertion of what constitutes reasonable suspicion. Once flagged as a possible risk to national security for possibly carrying classified documents, House was entered into the TECS system. The U.S. government and INTERPOL can add information about a range of suspected activities that can trigger a red flag while traveling and returning to the United States. According to the documents that were released, House mysteriously wound up in the TECS system at precisely the same time he was visiting Manning in prison and organizing his advocacy platform. Investigators laid in wait for months for House to leave the country and return, presumably because they would have had to go through proper legal channels to seize his property otherwise. As he was returning from Mexico, he was detained, had his electronic devices seized, and was never charged or told whether or not his property would be returned. This is eerily similar to what recently happened in England to Glenn Greenwald's partner David Miranda. In House's case, all of his files were copied, as well as all keystrokes made on his laptop. His items may never have been returned, but after 7 weeks House contacted immigration and customs to request his items and did receive them the very next day. It's worth noting that a federal appeals court has officially disagreed by a vote of 8-3 with the vague assertions of the DHS Office for Civil Rights and Civil Liberties. Their ruling makes clear that there should be reasonable suspicion; a ruling by the full 9th Circuit that overturned a previous ruling by a three judge panel:  Customs and Border Protection officers cannot confiscate or download every laptop or electronic device brought into the U.S., ruling that people have an expectation their data are private and that the government must have “reasonable suspicion” before it starts to do any intensive snooping.  In a broad ruling, the court also said merely putting password protection on information is not enough to trigger the government’s “reasonable suspicion” to conduct a more intrusive search — but can be taken into account along with other factors.  The 9th U.S. Circuit Court of Appeals judges said it was a “watershed case” that gets at what kinds of limits the government must observe when it comes to technology and privacy. (Source) The 9th Circuit U.S. Circuit Court of Appeals at least has stated that they will not permit the government to examine and confiscate the files of Americans presumed to be innocent. Reasonable suspicion must be established. However, the Washington Times also notes that "reasonable suspicion" is a lower standard than "probable cause" which would require a search warrant before data can be examined and retained. Nevertheless, the court has ruled "that password-protected files are exactly what the Constitution’s framers had in mind when they wrote the Fourth Amendment protecting Americans’ 'papers' from unreasonable searches." Nevertheless, DHS continues to offer up hot-button topics like national security, drug trafficking and child porn as the catch-all to help their end-run around the Constitution, as well as employ the no-man's land of the 100-mile wide border. For those who might be in favor of a loose interpretation, it is important to keep in mind that when a complete set of one's digital files are seized, it is not only the "suspect" that is open to scrutiny; it is everyone who ever has communicated with that individual. This creates a troubling dragnet that violates anyone in its path, as House concludes:  House . . . said his primary concern was ensuring that a document containing the names of Manning Support Network donors didn't wind up in a permanent government file. The court order required the destruction of all his files, which House said satisfied him. As we have learned time and again: this government will continue reaching in the most invasive manner possible; it is up to each of us to force transparency and ensure that our Constitution is preserved across the entire country with consistent standards, not only where the government authorizes our freedom. Source, Associated Press: Read the full documents of House vs. Napolitano Here: Read more from Joe Wright Here 

10 сентября 2013, 19:02

Cooking the Intelligence for War on Syria

Anthony Freda ArtStephen Lendman Activist Post All wars are based on lies. Truth is the ally of peace. It's the enemy of war. History repeats with disturbing regularity. It's doing so writ large now. It bears eerie resemblance to events preceding Bush's Iraq war. Pretexts are needed to sell wars. When none exist they're invented. Lies substitute for truth. So-called intelligence is cooked to fit policy. Ahead of Bush's Iraq war, Colin Powell knew Saddam had no WMDs. He lied claiming otherwise. He faked evidence to justify the unjustifiable. He claimed "facts and Iraq's behavior show that Saddam Hussein and his regime are concealing their efforts to produce more weapons of mass destruction." (E)very statement I make today is backed up by sources, solid sources. These are not assertions. What we're giving you are the facts and conclusions based on solid intelligence. The gravity of this moment is matched by the gravity of the threat that Iraq's weapons of mass destruction pose to the world.No threat whatever existed. Powell lied claiming otherwise. John Kerry replicated his infamous moment. He did so four times. He's making the rounds abroad selling war. He's doing it based on lies. Lying is official US policy. Kerry lied blaming Assad for the August 21 suburban Damascus chemical weapons attack.  google_ad_client = "pub-1897954795849722"; /* 468x60, created 6/30/10 */ google_ad_slot = "8230781418"; google_ad_width = 468; google_ad_height = 60;  "We can tell you beyond any reasonable doubt that our evidence proves the Assad regime prepared for this attack, issued instructions to prepare for this attack, warned its own forces to use gas masks," he said. We have physical evidence of where the rockets came from and when. Not one rocket landed in regime-controlled territory. Not one. All of them landed in opposition-controlled or contested territory.No evidence whatever exists. Kerry lied. Ghouta civilians were killed while they slept. Insurgents were responsible. Rockets were launched from territory they held. Credible evidence proves it. A previous article said the following: On August 29, Mint Press News headlined "Exclusive: Syrians in Ghouta Claim Saudi-Supplied Rebels Behind Chemical Attack," saying: Rebels and local residents in Ghouta accuse Saudi Prince Bandar bin Sultan of providing chemical weapons to an al-Qaida linked rebel group.Abu Abdel-Moneim lives in Ghouta. He's the father of an insurgent fighter. "My son came to me two weeks ago asking what I thought the weapons were that he had been asked to carry," he said. Some were "tube-like" in structure. Others were like a "huge gas bottle." They were stored in tunnels. Mint Press reported: Doctors who treated the chemical weapons attack victims cautioned interviewers to be careful about asking questions regarding who, exactly, was responsible for the deadly assault. More than a dozen rebels interviewed reported that their salaries came from the Saudi government.Prince Bandar bin Sultan's directly involved. He's Washington's point man against Syria. He's advancing the kingdom's top goal - destroying Assad, Iran's government and Hezbollah. Doing it involves arming and funding some of the most extremist elements. They're cutthroat killers. They're committing outrageous atrocities. They brag about them. Media scoundrels give them short shrift. Most often their crimes go unreported. Assad's wrongfully blamed repeatedly. He had nothing to do with attacking Ghouta. So-called intelligence claiming otherwise is fake. It's cooked. It's manufactured out of whole cloth. It's pretext for lawless aggression. US and UK intelligence officials admitted they're unsure who's responsible for attacking Ghouta. What motive could Assad have to kill Syrian civilians? Why would he do it while UN inspectors were investigating evidence of chemical weapons use? Why would he launch an attack close to where they were working? Why would he shoot himself in the foot? Kerry's "undeniable" proof doesn't exist. It's fake to fit policy. On September 8, London's Guardian headlined "Assad did not order Syria chemical weapons attack, says German press." Germany's Bild am Sonntag newspaper cited "high-level national security sources" saying Assad didn't order Ghouta's chemical weapons attack. Bild said German naval reconnaissance close to Syria's coast intercepted radio communications. It absolved Assad of responsibility. No evidence links him to it. Germany's foreign intelligence agency (BND) couldn't be reached for comment. Assad told CBS News: "There has been no evidence that I used chemical weapons against my own people." Correspondent Charlie Rose interviewed him. On CBS News Face the Nation, he said: (H)e denied that he had anything to do with the attack. He denied that he knew, in fact, that there was a chemical attack. He suggested, as he has before, that perhaps the rebels had something to do with it. The most important thing as he basically says is that there has no evidence that I used chemical weapons against my own people. There is no evidence of that."(I)f the evidence (exists), then they should show (it) and make their case," he said. (H)e was calm. He knew the situation he was in. In fact, Damascus seemed relatively calm, the places that I was today. But there's a clear sense they are closely watching what is happening in Washington. I think the reason they did this interview today - we've been trying for a long time, but did it today because they're watching what happens in Washington."White House chief of staff Dennis McDonough appeared on five Sunday talk shows. He was selling war. He repeated the official lie. He equivocated, saying: Proof links Assad to attacking Ghouta. It's based on a "common sense test" rather than "irrefutable, beyond a reasonable doubt evidence." We've seen the video proof of the outcome of those attacks. All of that leads to a quite strong common-sense test irrespective of the intelligence that suggests that the regime carried this out. Now do we have a picture or do we have irrefutable beyond-a-reasonable-doubt evidence? This is not a court of law and intelligence does not work that way. "Nobody is rebutting the intelligence. Nobody doubts" it, he claimed. Attacking Assad creates "an opportunity to be bold with the Iranians," he added. Fact check Syria is prelude to attacking Iran. It bears repeating. The road to Tehran runs through Damascus. Iran is Washington's prime target. It's Israel's main regional rival. At issue is toppling Assad, isolating Iran, then pursuing regime change belligerently. It's longstanding US policy. McDonough practically admitted it. He cited fake evidence against Assad. He lied claiming "nobody doubts it." Overwhelming domestic and world opinion rejects it. Hundreds, perhaps a majority, on Capitol Hill do. On August 30, Infowars headlined "Bombshell: Kerry Caught Using Fake Photos to Fuel Syrian War," saying: He "referenced a photograph used by the BBC illustrating a child jumping over hundreds of dead bodies covered in white shrouds." "We saw rows of dead lined up in burial shrouds, the white linen unstained by a single drop of blood," he said. The photo was fake. It's unrelated to Syria. It was taken in Iraq. It was in 2003. It was recycled. It's used against Assad. Kerry did so to justify war. It bears repeating. All wars are based on lies. Truth defeats the purpose of waging them. McDonough followed John Kerry's lead. He repeated Big Lies on five Sunday talk shows. Expect lots more ahead of Obama's 9/11 anniversary nationally televised address. He's selling war. He's going all out to do it. So are other administration officials. They're conducting a PR blitz. National Security Advisor Susan Rice will address a hawkish Washington think tank. Obama's "hitting the airwaves," said AP. "Top administration officials are heading to Capitol Hill for more classified briefings." Scores of AIPAC lobbyists are doing the same thing. Kerry's in Europe selling war. He appeared with UK Foreign Minister William Hague in London, saying: We know (Assad's) regime gave orders to prepare for a chemical attack. We know they deployed forces. (We know) where the rockets came from and where they landed and it was no accident that they all came from regime-controlled territory and all landed" in opposition-held territory. So the evidence is powerful and the question for all of us is what are we going to do about it. Turn our backs? Have a moment of silence?Fact check Credible evidence proved rockets were fired from insurgent held territory. Defenseless civilians were attacked. Doing so was a classic false flag. Assad's wrongfully blamed for Western-enlisted death squad crimes. They admitted responsibility for Ghouta's incident. Claiming it was accidental doesn't wash. It was well-planned and executed. If Kerry had verifiable proof otherwise, he'd reveal it. He can't. None exists. Lies substitute. So-called classified Capitol Hill briefings repeat them. Many, perhaps most, senators and congressmen aren't buying them. Some outspokenly said so. Heavy pressure's being applied to sway them. Obama wants congressional authorization for war. He'll wage it whether or not he gets it. Without it his plans may be delayed. They won't be deterred. Perhaps another major false flag is planned. Toppling Assad is policy. Obama wants him dead. He wants Syrian sovereignty destroyed. He wants pro-Western vassal governance replacing it. He wants Iran isolated. He wants Shah era harshness restored. Longstanding war plans are readied to be implemented. Obama intends destroying the Islamic Republic. Doing so may ignite conflict globally. It doesn't matter. US imperial priorities come first. Sacrificing humanity is a small price to pay. Washington policymakers think this way. Stephen Lendman lives in Chicago. He can be reached at [email protected] His new book is titled "Banker Occupation: Waging Financial War on Humanity."    Visit his blog site at Listen to cutting-edge discussions with distinguished guests on the Progressive Radio News Hour on the Progressive Radio Network. It airs Fridays at 10AM US Central time and Saturdays and Sundays at noon. All programs are archived for easy listening.  

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10 сентября 2013, 17:52

Afghanistan's cannabis production rises

UN reports Afghanistan produced 1,400 tonnes of commercial cannabis resin in 2012, worth around $65mThe amount of Afghan farmland planted with cannabis fell by nearly a fifth last year after one province launched a fierce eradication campaign, but a bumper crop meant that actual production rose compared with 2011, according to the UN.Officials in southern Uruzgan province, which borders Kandahar and Helmand, largely stamped out farming of the drug because of worries it was financing the Taliban. In 2011 there were over 1,000 hectares of the crop there, but last year under 100 hectares were sown."According to reports from the field, the reduction was caused by a strictly enforced ban by provincial authorities, which was imposed because cannabis fields seemed to have been used by insurgent groups as hiding places," the UN Cannabis Survey Report said.Planting in most other areas remained largely steady, with just over half of commercial production concentrated in the south of the country. The report does not include "kitchen garden" plots of the drug grown for personal use, but these produce relatively small amounts.Overall Afghanistan produced 1,400 tonnes of commercial cannabis resin in 2012, worth around $65 million, the report estimated. A slightly smaller crop in 2011, when prices were higher, brought in nearly $100 million.Cannabis production in Afghanistan is dwarfed by opium farming, which last year took up more than 10 times as much farmland and produced a crop worth hundreds of millions of dollars. Afghanistan produces around 90% of the world's opium supply.However many poppy farmers in the south plant a spring opium crop and, when it has been harvested, turn to cannabis for the summer. "It seems that cannabis and opium are more complementary crops... than substitutes for each other," the report said.Government efforts to stamp out poppy farming may even push up production of cannabis, the report warned. Last year the UN said Afghanistan's importance as a source of resin for world markets might be growing as more farmers switched to the crop."With increasing pressure on poppy cultivation through eradication and other measures, the possibility of the commercial production of cannabis gradually playing a much bigger role in the illicit economy of Afghanistan is not beyond the realms of imagination," the report said.Cannabis resin can be much more lucrative than opium for individual farmers. It brings in over $1,500 in extra earnings per hectare, requires less weeding and is comparatively easy to harvest. However the plants need irrigation at a time when streams fed by snow melt are drying up and a long summer growing season can stop subsistence farmers planting vital food crops on the land.The regional representative for the UN office on drugs and crime (UNODC), Jean-Luc Lemahieu, said that farmers balance "family needs, food security, access to markets...[and] risk" when deciding what to plant each year, and explained that no one is simply "an opium farmer" "a cannabis farmer" or a "wheat farmer".AfghanistanUnited NationsCannabisDrugsAgricultureEmma Graham-Harrison © 2013 Guardian News and Media Limited or its affiliated companies. All rights reserved. | Use of this content is subject to our Terms & Conditions | More Feeds     

10 сентября 2013, 15:45

Japan considers stationing workers on disputed islands

China says it will not tolerate 'any provocative acts of escalation' in dispute over uninhabited islands in East China SeaChina and Japan have exchanged fiery diplomatic rhetoric about a group of disputed islands in the East China Sea, with a Japanese government spokesperson suggesting the country may station workers on the islands, after an unidentified drone nearly entered Japanese airspace.A territorial dispute over the uninhabited islands, called the Diaoyu by China and the Senkakus by Japan, has strained political and economic ties since last year, when the Japanese government purchased three of the islands from a private owner. This Wednesday will mark the one-year anniversary of the purchase.On Monday Japan scrambled an unspecified number of fighter jets after an unmanned aerial vehicle flew within 130 miles of the islands. The drone, which did not bear a national flag, circled the islands before flying north-west towards China, according to Japan's defence ministry. It did not enter Japanese airspace."Japan will enforce increased security to protect our land, sea, and airspace around the Senkaku Islands in the East China Sea," Japan's chief cabinet secretary and top government spokesperson, Yoshihide Suga, told reporters on Tuesday, according to Kyodo News International. He said stationing government workers on the islands was an option.China's foreign ministry spokesman, Hong Lei, responded to Suga's remarks at a regular news briefing on Tuesday. "The Chinese government has an unshakeable resolve and determination to protect the country's territorial sovereignty and will not tolerate any provocative acts of escalation over China's sovereignty," he said. "If the Japanese side recklessly makes provocative moves it will have to accept the consequences."China blames Japan for never properly atoning for atrocities committed during the 1930s and 40s, when Japanese forces occupied huge swaths of territory along the country's east coast.Over the past year, China has sent numerous air and sea vehicles near the disputed islands to conduct what it calls routine patrols. On Tuesday morning the Chinese coastguard sent a seven-ship fleet near the islands, in what the state newswire Xinhua called the country's "59th Diaoyu Islands patrol".On Monday two Chinese navy frigates passed through Japanese waters near Okinawa. On Sunday two Chinese H-6 bombers skirted Japanese airspace on a flight from the mainland to the Pacific Ocean.China's maritime watchdog has announced plans to build 11 drone bases along the country's east coast to conduct maritime surveillance missions. Last autumn a senior People's Liberation Army colonel told state media that the drones would be used to monitor the islands."Around the Diaoyu Islands, the Japanese authority is able to identify vessels approaching the area very quickly, and this is exactly what we lack," Senior Colonel Du Wenlong told the state-run broadcaster China Radio International.JapanSenkaku IslandsChinaAsia PacificJonathan Kaiman © 2013 Guardian News and Media Limited or its affiliated companies. All rights reserved. | Use of this content is subject to our Terms & Conditions | More Feeds