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CFO of Far East Energy Corp.. speaks at the Enercom Oil & Gas Services Conference (commodity world)

bozz — Sun, 19 Feb 2012 06:01:42 +0000

HOUSTON, April 19, 2012 PRNewswire – The FarEast Energy Corporation announced today that Bruce N. Huff, Director of Finance (Chief Financial Officer – CFO) of the company, at the 10th Oil & Gas Services Conference (TM) of the 2012 talks, hosted by Enercom Incorporated. Date and time of the speech is Wednesday 22 February 2012 at 14:45 U.S. Pacific Time, 16:45 U.S. Central Time or 17:45 Eastern time. The event will be held at the Omni Hotel, San Francisco (California). Bruce N. Huff’s speech will be webcast live via a link on the website at www.fareastenergy.com are available and after the speech of ten (10) days available on the website of the Corporation. About the Far East Energy Corporation The Far East Energy Corporation is a Houston (Texas) based company that has offices in Beijing, Kunming, and Taiyuan City (China). The Far East Energy Corporation is specialized in the exploration and development of coal bed methane in China. statements in this press release that state the intentions, hopes, estimates, beliefs, prospects, expectations or . predictions of the future of Far East Energy Corporation and the Company’s management, are necessary statements within the meaning of Section 27A of the Companies Act (Securities Act) of 1933, as amended, and of Section 21E of the Exchange Act (Securities Act) of 1934 as amended. It is explicitly stated that forecasts represent any guarantee of future performance and involve a number of risks and uncertainties. Actual results may differ materially from the forecasts made in. Factors that could cause actual results to differ materially from those anticipated in forecasts anticipated results include: the temporary nature of collected data to our drilling, including in permeability and gas content, it is no guarantee exists for the amount of gas produced from our wells ultimately or is sold, the fracture stimulation program could possibly only an insufficient increase in the produced gas volume lead, due to certain restrictions of Chinese law, it is possible that we in the gas sales agreement between Shanxi Province Guoxin Energy Development Group Limited and China United Coalbed Methane Corporation can make (‘CUCBM’) defined legal claims only to a limited extent, even though we are explicitly named as a beneficiary, additional drilling may be recorded or to be perhaps done on time, which are necessary for our gas transport additional pipelines and collection systems are not built under circumstances or if they are built, they may not be completed on time or their route would deviate from the expected route, the pipeline itself and the local sales / distributor of compressed natural gas could refuse to buy our gas, or to purchase, or we itself might not be in a position to enforce our rights under applicable agreements with pipelines; conflicts in the area of coal mining or concerning the coordination of our completion of development and production activities with mining activities could adversely affect our operations or result in significant costs to , the Chinese Ministry of Commerce (“MOFCOM”) could change our production sharing contracts (PSC) in Shouyang (the “Amendment Agreement”) does not agree may in time, only agree to financially adverse conditions or refuse consent altogether, our Chinese partner, or the MOFCOM could insist on amendment of certain terms and conditions of production sharing agreements before agreeing to an extension, which could lead for example to a reduction of our lands and the duration of the planned extension of the eligibility period, and our lack of operating experience, a limited or possibly inadequate management of our cash resources, risks and uncertainties associated with exploration, development and production of methane from coal seams; confirmed deposits may not be timely or not reported or could be after the report sortie less than expected n; our resource quotas can not be completely not, or used for the most part, or . be sold, maybe we can not meet the stock exchange requirements for the listing of our securities, expropriation and other associated with foreign permanent establishments risks, disruptions in capital markets, which could complicate the fundraising and the energy industry in general matters relating to: the lack of availability of goods and services oil and gas fields, environmental risks, drilling and production risks, our operations concerning changes in laws and regulations and other risks identified in our Annual Report on Form 10-K, our Quarterly Reports on Form 10-Q and all subsequent filings with the Securities and are Exchange Commission (U.S. SEC), explained in more detail East Energy Corporation CONTACT . Investor Relations Far East Energy Corporation, +1 -281-606-1600, or Investorrelations@fareastenergy.com Bruce Huff, +1-832-598-0470, or bhuff@fareastenergy.com Catherine Gay, +1-832-598-0470, cgay@fareastenergy.com, both of Far East Energy Corporation

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Before Referendum: U.S. drones flying over Syria (Reuters)

bozz — Sat, 18 Feb 2012 18:01:47 +0000

trading blog : class=”hcf-headline”> Mr. Brüderle and the “tax asozialste ”

In today’s Handelsblatt writes

FDP economics expert Rainer Bruederle of the distributional impact of inflation. His comments on this topic deserve further analysis. There are issues that are so important that a … From Hans Peter Grüner. More …

trading blog : The gap is growing class=”hcf-headline”> a long time ago ‘ / span>

This morning my eyes fell on the headline of my colleague Dirk Heilmann: “The gap in the euro-zone growth.” In it he calls the latest growth figures for the euro zone – and shows that the individual states very last … By Hans Christian Müller. More …

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Wall Street closes mixed – DJIA at multiyear highs

bozz — Sat, 18 Feb 2012 18:00:44 +0000

NEW YORK (Dow Jones) – After the Wall Street rescue the supposed Greece had already celebrated the day before, held on Friday that the euphoria in check. The indices were out no uniform trend, market participants spoke of a lethargic session. The Dow Jones index of 30 industrial average (DJIA) gained 0.4 percent or 46 points to 12 950 – the highest level since May 2008. The S & P 500 rose 0.2 percent, or 3 points to 1,361 and the Nasdaq Composite Index fell by 0.3 percent or 8 points to 2,952. On the eve of the technology index had closed at Elfjahreshoch. At the reporting date were 0.90 (Thursday 0.81) billion shares converted. To 1,758 (2,308) Exchange 1277 winners were (779) loser, closed unchanged 108 (71) Title.

In the U.S., are the more the signals for release of the second debt package for Greece by the group have already been priced in euros, said dealers. Before the long holiday weekend in the U.S. – on Monday held the President’s Day – and also with regard to the allegedly decisive meeting of the Euro Group for the second aid package to Greece on Monday had participants tended to positions close out with regard to the level reached

“The expectation that the rescue of Greece is now rapidly due on stage, is priced quite clear. And from Europe is currently not enough to ensure a further level flight,” said market strategist Mark Luschini of Janney Montgomery Scott. At the reporting date, the more concrete progress in the rescue Greece. The national central banks have completed the exchange of Greek government bonds apparently already said in Brussels. Investors were therefore firmly convinced that a decision will fall on Monday in favor of a final rescue Greece. Were supported by hopes the statements of European leaders.

Chancellor Angela Merkel, Italian Prime Minister Mario Monti and the Greek Prime Minister Lucas Papademos expect a positive solution for Greece, the euro group finance ministers’ meeting in Brussels on Monday. This is confirmed by the German government spokesman Steffen Seibert. Also, according to estimates by the Federal Ministry of Finance (BMF) is a good decision for the planned second base moves Greece package within reach.

economic side, the consumer price data provided no impetus. With a January increase of 0.2 percent, it fell from just below the forecast of 0.3 percent. The index of leading indicators for the development of the U.S. economy, however, pointed to a persistent but weak amplification of growth to start the new year. By the Conference Board indicator calculated in January rose by 0.4 percent economists had expected a rise of 0.5 percent.

were looking for telecom and financial stocks. In view of the individual values fell on Bank of America, which included a discount of 1.0 percent to $ 8.01 against the trend in the banking sector to the weakest songs in the DJIA. Dealers talked to the previous day’s sharp gains on profit-taking. Alcoa reported after only stronger by 1.3 percent to 10.15 dollars. On the other side of the panels were Intel, which rose by 2.0 percent to $ 27.37.

Apple is facing another milestone. The computer company is aiming at the downloads for mobile applications, the mark of 25 billion in the coming weeks. Investors were unimpressed by the recent rally, the stock closed at $ 502.12 slightly negative. Prices made further the current reporting period. So cut H.J. Heinz in the third quarter better than expected and also delivered from a positive outlook. The stock gained 4.5 percent to 54.47 dollars. However, it was for the title of the food competitor General Mills 3.6 percent to $ 38.34 down. The company warned that profits would be in the third quarter under the current estimates. Even the full-year outlook was lowered.

Applied Materials

turned into the red and gave off 1.7 percent to $ 12.99, after the figures were taken of the parts supplier to the semiconductor industry initially positive. Disappointing results of a study on the treatment of hepatitis C were Gilead Sciences slump by 14.2 percent to $ 47.00. SunPower surged by 8.7 percent contrast up to 8.13 dollars. The quarterly figures were turned out surprisingly well. Campbell Soup goods rose by 2.6 percent to $ 32.90, also convinced the figures.

UPS Parcel Service is interested in the takeover of its Dutch competitor TNT. TNT called the attention of Americans as undesirable. UPS offers a high premium on the price. UPS closed unchanged.

DJG / DJN / flf

image: © iStockphoto.com / enot-poloskun

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Internet giant Google: Eric Schmidt sold shares (Reuters)

bozz — Sat, 18 Feb 2012 06:01:56 +0000

guide investment

The best strategy for your property: The Guide of Handelsblatt Online examines principles, opportunities and risks of investing in stocks, funds, bonds, certificates and interest accounts. Investors will learn how to select the right products and avoid incalculable risks. More …

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Clever save for retirement: This guide shows how to self-employed can plan a sound retirement. In addition to determining the pension gap Handelsblatt Online explains the pros and cons of the major pension products as Riester and Rürup pension, life insurance or bank savings. More …

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The dream of home ownership is not as real as long as: Low interest rates and high capital gains make the purchase of a property attractive. The Handelsblatt Online Guide to the private property shows which objects can afford building owners who finance fits and what rights the tenant and landlord. More …

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Euro crisis at a glance: The Greek Tragedy continues!

bozz — Sat, 18 Feb 2012 06:00:52 +0000

weekend, 11-12. February: Greece: Government approves the new austerity package should now come together on Sunday evening, the Parliament the decisive vote on the austerity program ..

protest against the new austerity program go on strike in Greece on Saturday. Public life largely paralyzed.

Federal Foreign Minister Guido Westerwelle rejects further advances paid to Greece. “If the foundations are in Athens now made sustained properly, Greece count on our support – but only then,” he said, “Der Spiegel”

According to Finance Minister Wolfgang Schäuble, the realization that something must change, and dramatic, with many in Greece still growing. “So we now have enough the promise of Greece no more. When a new program initially implemented only once parts and save the old program,” he said in an interview with the newspaper “Welt am Sonntag”. ‘ / p>

Greece: Prime Minister Papademos in a TV address to the people. “We are only a breath away from Ground Zero A disorderly collapse of the Mediterranean country would result in a disastrous adventure This would result in a collapse of living standards and constraints. for fuel and medicine. “

Massive protests in Portugal against the government’s austerity program . More than 300,000 people participate in demonstrations. Portugal: Carlos Armenio, head of the nation’s largest CGTP union calls on the government to renegotiate the debt with the creditors again, rather than save more .

Athens: In a peaceful demonstration of about 20,000 people, some rioters attempted to break through the barriers in front of Parliament. The masked men threw stones and firecrackers at the police, in turn, used tear gas and batons to drive the rioters apart.

as the “Wall Street Journal Germany,” reported the troika proposed by the Greek government to increase the planned but not yet approved bailout of 15 billion euros to the heavily indebted country is adequately financed over the next three years.

The chairman of the parliamentary group

SME (PKM) of the Union Group, Christian von Stetten is considering, in parliament against the new package Greece agree to. “Politicians must be careful that they are not guilty of filing for insolvency,” he warned in the “Handelsblatt” conversation.

Monday 13 February: The Greek Parliament in the early morning hours, the austerity package approved , which will pave the way for the payment of aid funds in the amount of 130 billion euros in Athens. 199 deputies voted for the people extremely unpopular measures, 74 against. Before the parliament protested about 20,000 people. There were riots.

Greece: have the conservative and the socialist party ruled together 41 MPs after they had during the vote on the austerity package voted “no”

Greece: In the words of Union financial expert Hans Michelbach is the way for billions more aid is not free. There were no plans for further reform and economic management, a comprehensive roadmap for the privatization of state property and an agreement with private creditors, he said, according to Reuters.

Federal Economics Minister Philipp Rösler calls from Greece to implement the new austerity package quickly. “We want now only to wait and see what happens after the legislation,” he said, according to Reuters on ARD. Severe riots in Greece, devastated large parts of the city center of Athens .Greek banks could additional capital amounting to € 40 billion will need to cover losses from debt restructuring plan, as the newspaper “ekathimerini” writes. Italy participates in the capital market via two bonds with maturities of 4 – to 12-month and twelve billion € yield slightly lower than last.. Demand weakened in comparison to the previous auction, however slightly.

Germany placed 6-month treasury bills in the amount of 3.01 billion euros. Yield at 0.0761 percent (most recently: -0.012 percent). Auction 1.5 times (last: 1.8-fold) over-subscribed

. government spokesman Steffen Seibert confirmed that will participate Chancellor Angela Merkel in any attempt to “herauszuschubsen” Greece in the Euro-zone. Standard & Poor ‘s lower credit ratings for 15 Spanish banks. We expect that the profitability of banks in the medium term will remain below its historical average, which is based on high provisions for loan losses, “said S & P

Greece has reached agreement with private creditors apparently. Assuming that there is no more surprising setbacks, the agreement could be announced on Wednesday after the meeting of the Euro Group, Reuters reported, citing circles.

The ECB has bought in the past week, only government bonds with a volume of 59 million euros, compared to 124 million euros in the week before.

Tuesday 14 February:

Moody ‘s confirmed the top rating for France and Austria, lowers its outlook for both countries but to negative.

Moody ‘s downgrades six countries from € : Italy, Slovenia, Slovakia, Portugal and Malta according to a level that Spain by two levels. Except for Portugal, but all of these countries still have a good to satisfactory credit rating. Outlook negative throughout. top credit rating is not currently endangered, Germany : confirmed Moody ‘s the peak ratings of Germany and the EFSF with a stable outlook .

The reason for the recent steps called Moody ‘s debt crisis. It is unclear whether and how the problems could be solved. Moreover, in this context also worsened the economic outlook.

Moody ‘s warning that Britain could be drawn from the debt crisis in the euro zone affected. also worsened on the island’s economic prospects, which questioned the planned debt reduction imagine.’ / p> Bundestag President Norbert Lammert (CDU) doubts the tight schedule for the second package Greece. By the last sitting of Parliament last Friday, the conditions for continued support of Greece had not yet been said He FTD. He hoped that would meet in the next two weeks until the planned vote all conditions.

Union faction leader Volker Kauder (CDU): Before the growth in Greece could be funded with new investments would need further reforms are implemented

In the words of Finance Minister Wolfgang Schäuble, the euro zone for a state bankruptcy of Greece prepared. Nevertheless, everything will done to avoid this, he told ZDF television.

Luxembourg Finance Minister Luc Frieden holds a withdrawal of Greece from the euro zone for possible , should not be enough to reform efforts. So far, it is also not certain whether the IMF conditions are met regarding the reduction of debt and fund its contribution to the aid package.

The President of the European Parliament, Martin Schulz (SPD), called a growth and investment package for Greece. “Otherwise fizzle out just like the previous financial packages,” he said of the “Rheinische Post”.

Greece: Federal Reserve districts expect loud “Handelsblatt” not that enough private creditors will participate in the voluntary debt section They therefore believe that Greece will change the loan terms by law.. That would open a waiver agreement for all bond owners (even small investors and hedge funds) binding when 50 percent of bondholders to vote for.

Spain and Italy to refinance at more favorable terms on the capital market. Spain will collect € 5.446 billion. Italy purchased the 6 billion euros. Auctions run smoothly.

Greece aims to bring together the missing additional savings of 325 million euros through reductions in the budgets of various ministries, such as the dpa learned from the Greek government.

According to the EU Commission are a dozen economies in the EU in the longer term is not stable. These include countries like France, Italy and Great Britain. Belgium, Bulgaria, Cyprus, Denmark, Finland, Hungary, Slovenia, Spain and Sweden as well.

President Wullf opposes an increase in the euro bailout.

circles: Greece is considering massive savings in defense budget is a gap in the savings plan of 325 million euros to close .

Irish Finance Minister: Are on the best way to reduce the deficit to 3 percent by 2015

Greece Samaras, the leader of the New Democratic Party, has not yet performed the necessary signature for the savings package

Greece Samaras, the leader of the New Democratic Party is, according to the government to sign the necessary declaration of commitment on Wednesday

. Wednesday 15 February: According to the Belgian Luc Coene Notenbankgoverneurs the ECB is willing to share the profits from the Greek debt to Member States. The euro countries could then decide on the means. The second aid package to Greece in the amount of 130 billion euros will be divided into several tranches. There were considerations, first pledge only a partial amount, as the Greek Parliament resolutions are still too vague, the learned ” Handelsblatt “from Federal Reserve districts.

The parliamentary secretary of the SPD parliamentary group, Thomas Oppermann warns the government, the Bundestag with the decision about the billion package for Greece to pressure. Currently, the Bundestag does not know even know if he decides on guarantees for 30, 130 or 165 billion euros, he said the “Hamburger Abendblatt”.

FDP financial expert Frank Schaeffler announced in the “Hamburger Abendblatt” indicates the Greece package stand at present, “not sure” to agree. So far, there is as yet no debt sustainability analysis of the troika. Moreover, Greece was insolvent and not in the euro competitive.

According to the FDP financial expert Frank Schaeffler growing resentment over good money after bad throw. The logic of life the past two years had failed, and indirectly endanger the financial strength of Germany, he said the “Hamburger Abendblatt”.

China signaled continued interest in European government bonds. “We would participate in the solution of the euro debt crisis,” said Fed chief Zhou Xiaochuan, echoing statements made by State Minister Wen Jiabao.

Greek media reports that the party leaders are now apparently willing, their willingness to save for the period after the upcoming elections to certify in writing. This has been confirmed so far not. ECB board member Jörg Asmussen: A Greek bankruptcy or a secession from the euro would have incalculable consequences for the stability of the financial system .

Banking Supervisors and BaFin EBA assume that European banks in late February will get less money from the ECB as the first three-year tender in late December. Money market traders expect, according to a Reuters poll, with a volume of around 500 billion €.

increase in the EU Parliament, the calls for more growth initiatives for Greece – the country instead of “kaputtzusparen”

. Joerg Kraemer, chief economist at Commerzbank doubted that an average debt of Greece is sufficient. Even in optimistic scenarios would remain after that is still a debt that Greece, with its weak economy could permanently take seriously, said In Germany he Kultur. Federal Finance Minister Schäuble

confirmed that everything was being done to help Greece. However, it was a “very sine qua non” that Greece adheres to the commitments to reform, even after the scheduled parliamentary elections. One could not put money into “a bottomless pit” pour .

FDP parliamentary leader Rainer Brüderle sees the timetable for the approval of the Bundestag for the Greece-aid package is not in danger. Even after the postponement of the decision of this Wednesday to next Monday, could the Bundestag on 27 February days and take a decision, he told Reuters.

Portugal placed three bonds with maturities between 3 – and 12 months in a volume of 3.0 billion euros. Robust demand. Yield is lower than in the past similar auctions.

Greece wants to clarify the remaining outstanding issues for the new rescue package today. “There are only a few points that will be resolved before the start of the conference of the Euro Group of 17 clock completely,” Finance Minister Evangelos Venizelos is quoted by Reuters.

Federal Finance Minister Schäuble criticized the Greek conservatives for her stance on savings program. One of the most difficult points in the current negotiations with Athens, was that above all the New Democracy has not been clear enough promise in the case of a to leave untouched election victory in April, the savings decisions, he said in the Southwest Radio (SWR).

Reuters: Finland receives from the four largest Greek banks collateral in the form of cash and high-quality assets in the amount of 880 million euros as a condition of membership of a rescue package

The leader of the Greek conservatives, Antonis Samaras, has committed itself in writing according to his party to implement the new austerity package, Reuters reported. A similar letter was sent to the EU and the IMF, they say.

According to Reuters, Germany, the Netherlands and Finland have proposed to move the rescue package for Greece until after the parliamentary elections in April. Reason is the growing distrust of the reform. On 20 14.5 billion euros due in March could be paid with the remainder of the first loan program. In the words of € group chief Jean-Claude Juncker, the euro-zone countries will decide next Monday on the new rescue package for Greece.

Greece: Some countries in the euro zone suggest a bridging loan to on 20 March overdue debt of 14.5 billion euros to cover.

in the Greek population is growing discontent with the new demands from Berlin. According to Reuters, demonstrators have burned German flags. In addition, in papers a photo montage of Chancellor Angela Merkel with a Nazi uniform was published.

Thursday 16 February:

Greece: Details of the debt to private creditors section remains unclear. An agreement in principle to give it though.

circles: Federal government is in relation to other Greek aid outstanding issues can be about the question of how to monitor the implementation of the program and secured as by setting up an escrow account the priority for the debt settlement . Governing Council member Erkki Liikanen warned against the negative consequences of excessive money supply. “We must be careful that the abundant supply of liquidity in the future of today is not causing problems,” he said in an interview with The FTD.

Moody ‘s 17 major international refueling threatened with a downgrade. reason is the difficult financial conditions, the increased regulation and the difficult market environment. In Europe including the German bank, Barclays, HSBC, RBS, BNP Paribas, Credit Agricole and Societe Generale are reviewed in the U.S., Bank of America, Citigroup, Goldman Sachs, JPMorgan and Morgan Stanley. The ECB wants to make a profit in Greek bonds. “We have agreed to no profit from transactions to do with Greece,” ECB council member Luc Coene said matching according to press reports. Dutch Finance Minister De Jager

: Greece must implement the new austerity measures first before a new aid package will be decided. confidence in the Greek government has reached its lowest point.

Spain increased three-to five-year bonds to be redeemed and a total of 4.07 billion euros. Maximum target of 4.0 billion euros achieved.

Greek government reiterates the hope that the second aid package will be decided next Monday.

France goes

bonds with a total of 8.45 billion euros. Target from 7.0 to 8.5 billion euros achieved.

Greece refuses to accept stricter supervision by EU budget Greek government. establishment of an escrow account is a technical question. Greek Ministry of Finance: There are no worries about a possible delay of the second relief package . member of parliament. CDU will consider approval of a second Greek aid package Greek criticism could have an impact on voting . Greek party in Laos. are not committed to saving decisions of Parliament Greece has apparently found a way to finance the gap can be closed by 325 million euros this year. 100 million € will be saved at the Department of Defense, 90 million € with faster wage cuts in public services, Reuters reported, citing a government official. The remainder arises over spending cuts in other departments. Greece: The idea of a bridging loan until after the elections planned for April is off the table, such as Reuters reported, citing German coalition parties . The ECB is preparing to appear before that the average debt in Greece on Monday replaced by the euro finance ministers ahead. In advance of the meeting will be exchanged for the Hellas bonds into new bonds , Reuters reported, citing circles. This may be due to the issue date will not be affected by the debt section. Friday 17 February:

Federal Finance Minister Schäuble wants to achieve in 2014 and two years earlier than planned a balanced budget, as the “Spiegel” reported. To achieve this goal in a savings package of 10 billion euros was provided.

According to a report of the “SZ” Federal Finance Minister Schäuble is increasingly concerned with the idea, if not the Greek government “should be officially declared bankrupt.” He had little hope that the Greeks agreed to implement austerity measures. In addition, he assumes that a state bankruptcy was already priced in the financial markets.

disagreement between Merkel and Schäuble at the Greek rescue. While the chancellor’s insistence on the rescue plan, the Treasury keeps a bust hardly avoidable for how the “Sueddeutsche Zeitung” reported.

circles: Bundesbank chief Jens Weidmann has spoken out against a possible exchange of Greek bonds, which are owned by the ECB

. CSU chief Horst Seehofer announced in the “mirror” of a veto of his party in the Bundestag against the planned second rescue package for Greece, Athens should not take any concrete steps toward reform. According to “Bild” newspaper look more and more German politicians for Greece no future in €. politicians from the government of the CDU and FDP hold before the authorities in Athens disability.

The volume of bad loans on the books of Spanish banks rose in December by 1.5 billion euros to 135.7 billion euros, its highest level since at 1994th This corresponds to a share of 7.61 percent of total loan portfolio.

How “Spiegel Online” reported is, the majority of the Euro-finance to a failure of the Greek Rescue and hence to a government default. A conference of ministers on Wednesday was “great dissension revealed, “it says.

The federal government has rejected a report of the “Süddeutsche Zeitung”, after which there was in Greece a rescue disagreement between Chancellor Angela Merkel and Finance Minister Wolfgang Schaeuble. Both pull pull together as government spokesman Steffen Seibert said.

Dutch Finance Minister

Jager: We do not want a disorderly bankruptcy of Greece, and Greece is no exit from the euro zone. If a package does not work for Greece, we have to look at alternatives.

According to information from Reuters Insider, the chance to see that the national central banks – participating in an average debt of Greece, at 50 percent – in contrast to the ECB. The central banks of the euro zone hold Greek bonds worth around 20 billion euros.

market rumor: A major credit rating agency downgrade to Greece Default . To avoid possible losses, the ECB has changed its Greek bonds into new securities. The swap was completed, according to Federal Reserve districts.

According to information compiled by Bloomberg have not participated in the national central banks in the bond exchange of the ECB. They could therefore be affected by a cut Greek debt.

In the words of €

group chief Jean-Claude Juncker is the goal, the Greek debt in 2020 to 120 percent of GDP lower, still far away. There are a lot of work to stand until the debt reach a sustainable level, he said, according to Reuters.

According to Reuters, has seized the Italian police in Switzerland fake U.S. bonds over 6 trillion dollars. This is more than a third of the total outstanding U.S. bonds.

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UPS wants to buy parcel service TNT Express for EUR 4.9 billion (Business Wire)

bozz — Fri, 17 Feb 2012 18:02:11 +0000

New York (BoerseGo.de) – The U.S. logistics company UPS strives for a takeover of the Dutch transportation company TNT Express. As the “Wall Street Journal” reported on Friday, there is a bid of nearly five billion euros, with the U.S. company to have submitted a bid for nine euros per share. The offer was rejected by TNT. The two rivals do but continue to hold discussions with each other. TNT Express is focused primarily on business with parcels, freight and value added services. The Dutch company was spun off in May last year from the Dutch postal mail business.

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Optimism for Greek bailout drives Europe Exchanges

bozz — Fri, 17 Feb 2012 18:01:10 +0000


		5905.00	0.34%
		2520.31	1.24%
		8657.00	1.16%
		3439.62	1.37%
		6237.69	0.33%
		327.90	0.83%
		2517.00	0.14%

FRANKFURT (Dow Jones) – With strong price gains have been Europe’s stock markets on Friday approved the trade. More, signals from a share of the second rescue package for Greece, more than 130 billion euros on Monday ensured optimism and buying mood. Searched were primarily economic near title. Additionally, the small-February due date based on the futures exchanges. He arranged for covering purchases. The Euro Stoxx 50 rose by 1.2 percent or 31 points to 2520, the Stoxx 50 dropped 0.3 percent, or 7 to 2504 meters.

reports of the completed bond exchange of the European Central Bank (ECB) have been penalized in the market as the start of the Athens bailout. Even Athens, celebrated there put the indices in order to partially over 6 percent. The U.S. economic data for the day and were not inspired largely ignored, especially since they had failed as much as expected.

facilitation rally in banks – ECB rescues himself

After the previous day or the fear had dominated prior to a bankruptcy of Greece, the market now showed his relief. The ECB has reportedly exchanged their holdings of debt instruments in ancient Greek Athenian new government bonds. This should be ruled out that the Fed is forced through a subsequent change of conditions for a partial waiver. At the market, this was interpreted to be clarified on Monday that the final details of aid to Greece and that the money can flow.

also supported a report in the Financial Times. The paper reports hold a special account to which Greece’s liquidity for the debt service from six to nine months is.

bank stocks were among the main winners. The sector index rose by 1.4 percent. Above all, the French Institute celebrated the approaching Greece help. Societe Generale jumped by 6.5 percent up, Credit Agricole up 2.7 percent. Lloyds rose 3.1 percent and Royal Bank of Scotland rose by 3.2 percent. The British industry giants have benefited from better data on retail in the United Kingdom.

Close Title

economy benefited from the new appetite for riskier assets, the index values of the car jumped by 3 percent. At the head of Renault stood at 5.2 per cent increase, followed at a close distance from Fiat and Peugeot-Citroen, each with 4.6 percent.

Lafarge forecast boosted construction sector

An optimistic forecast of Lafarge

drove the construction sector by 2.9 percent up. Lafarge expects worldwide growth in the current year by 1 to 4 percent in cement demand. “So far, this was great uncertainty prevailed among investors, now issued by the French in one of the great player for a not so bad house number,” said one trader. Lafarge jumped by 8.3 percent to 34.46 euros. Since the core markets are almost identical, also benefited Heidelberg Cement (+6.4%) and CRH (5.3%) of them. Saint Gobain to put an own outlook by 5.1 percent to 36.70 euros.

it went against the grain at Air Liquide: After submission number lost 2.8 percent to 95.75 euros. Evaluated the number of dealers as well as expected,. Was given the proximity to the all-time high in the stock, however it came to profit-taking

were neglected as defensive stocks from existing industries such as food and pharmaceuticals, which lost 0.2 percent and 0.5 percent. Since in this case particularly the Swiss beat heavyweights Novartis, Roche and Nestle to Beech, lagged the Stoxx 50, the €-Stoxx-50 significantly behind.

European stock market indices on Friday 17 February:

===            Index closing Development Development Development                              was absolute in% since                                                               Begin the beginning yearsEurope Euro Stoxx 50 2520.31 30.96 1.2% 8.8            Stoxx 50 2503.99 6.88 5.7 +0.3%            Stoxx 600 265.93 1.62 8.7 +0.6%Frankfurt Xetra DAX 6848.03 96.07 +1.4 16.1%London FTSE 100 5905.07 19.69 0.3% 6.0Paris CAC-40 3439.62 46.37 1.4% 8.9Amsterdam AEX 327.93 2.75 4.9 +0.8%Athens ATHEX-20 346.94 21.77 31.0 +6.7%Brussels BEL-20 2280.80 22.56 1.0% 9.5Budapest BUX 19147.54 397.78 2.1% 12.8Helsinki OMXH-25 2255.23 42.27 1.9% 16.1Istanbul NAT30 74254.15 1378.87 20.4 +1.9%Copenhagen OMXC-20 450.81 2.09 15.6 +0.5%Madrid IBEX-35 8657.00 98.90 1.2% 1.1Milan FTSE MIB 16547.21 177.55 1.1% 9.7Moscow RTS 1656.60 15.09 0.9% 19.9Oslo OBX 387.57 -0.85 -0.2% 8.4Prague PX 1015.40 19.50 2.0% 11.4Stockholm OMXS-30 1099.55 11.37 1.0% 11.3Warsaw WIG-20 2359.89 40.56 1.7% 10.0Vienna ATX 2206.00 34.56 1.6% 16.6Zurich SMI 6237.69 20.41 0.3% 5.1===

DJG / mod / gos

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U.S. tax compromise: Obama urges quick congressional vote (Reuters)

bozz — Fri, 17 Feb 2012 06:01:13 +0000

trading blog : The gap is growing class=”hcf-headline”> a long time ago ‘ / span>

trading blog : class=”hcf-headline”> the bizarre underworld of Microeconomics

The exam task in which the Düsseldorf micro-economist Justus Haucap the Federal President Christian Wulff, also known as Federal verulkte celebrities Chris Fox, it has – like me “Alex13Wetter” just zutwitterte – today and in the Frankfurter Allgemeine Zeitung feuilleton … From Olaf Storbeck. More …

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Shares of China during nearly claimed – Hong Kong friendly

bozz — Fri, 17 Feb 2012 06:00:39 +0000

SHANGHAI (Dow Jones) – Chinese stocks tend on Friday over alleged scarce. 6.15 Against the clock loses CET Shanghai Composite Index 0.1 percent to 2354 points. The Hang Seng index in Hong Kong, gains, by 0.7 percentage points to 21 426.

for the losses in Shanghai make dealers responsible for lack of monetary stimulus. Investors WOULD probably out of fear back in front of a weaker Chinese economy, they say.

Buoyant revenues recorded

including Anhui Conch Cement (minus 0.6 percent) and Xinjiang Tianshan Cement (down 0.9 percent). ZTE lost 1.3 percent and Jiangsu Changjiang Electronics Technology 2.9 percent.

DJG / DJN / cln

Hellas-hopes to bring momentum in U.S. stock markets (Reuters)

bozz — Thu, 16 Feb 2012 18:01:21 +0000

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