Eventos economicos
Lunes
Subasta de bonos
Entre los mas importantes de la semana tenemos el Martes el indice manufacturero del Empire State (NY), el precio de los importadores y exportadores y el indice de las casas, el Miercoles tenemos los inicios de casas, el PPI y la produccion industrial, el Jueves el CPI (inflacion), la cuenta correinte, los indicadores lideres, el sondeo de Philadelphia y el Viernes tenemos la expiracion de opciones. Ojo con la volatilidad.
4-Week Bill Announcement
11:00 AM ET
3-Month Bill Auction
11:30 AM ET
6-Month Bill Auction
11:30 AM ET
10-Yr Note Settlement
30-Yr Bond Settlement
ICSC-Goldman Store Sales
7:45 AM ET
Empire State Mfg Survey
8:30 AM ET
Import and Export Prices
8:30 AM ET
Redbook
8:55 AM ET
Treasury International Capital
9:00 AM ET
Housing Market Index
10:00 AM ET
4-Week Bill Auction
11:30 AM ET
Bank Reserve Settlement
MBA Purchase Applications
7:00 AM ET
Housing Starts
8:30 AM ET
Producer Price Index
8:30 AM ET
Industrial Production
9:15 AM ET
EIA Petroleum Status Report
10:30 AM ET
Weekly Bill Settlement
Consumer Price Index
8:30 AM ET
Jobless Claims
8:30 AM ET
Current Account
8:30 AM ET
Leading Indicators
10:00 AM ET
Philadelphia Fed Survey
10:00 AM ET
EIA Natural Gas Report
10:30 AM ET
3-Month Bill Announcement
11:00 AM ET
6-Month Bill Announcement
11:00 AM ET
2-Yr Note Announcement
11:00 AM ET
5-Yr Note Announcement
11:00 AM ET
7-Yr Note Announcement
11:00 AM ET
Fed Balance Sheet
4:30 PM ET
Money Supply
4:30 PM ET
Quadruple Witching
Lunes 14/06/10 Semana del CPI, prod. industrial, venta casas
Lunes 14/06/10 Semana del CPI, prod. industrial, venta casas
por admin » Dom Jun 13, 2010 10:56 am
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El euro no podra desafiar las reglas de la gravedad por mucho tiempo. Igual que el coyote puede correr en el medio del abismo soportado por el vacio hasta que mira para abajo y se da cuenta que no hay piso....el euro se encuentra en la misma situacion.
El euro ha caido 18% frente al dolar este anio. La velocidad y el tamanio de la caida es remarcable, esta a los niveles del 2006. Todavia puede bajar mas.
El valor del poder adquisitivo del euro esta en 1.17, Nomura dice que estara entre 1.15 y 1.25.
La demanda por euros ha disminuido. El balance de pagos de la zona euro esta en negativo -2.1% del GDP (PBI) en el primer trimestre dijo MS, eso sigue un declive del 1.7% en el 2009 y sugiere que la caida de euro va mas alla de la venta especulativa.
No hay ninguna utilidad en desafiar las reglas de la gravedad.
Euro Can't Defy Gravity Any Longer By KELLY EVANS.
Wile E. Coyote could run in midair only until he looked down and realized the ground was no longer there. The euro is in a similar predicament.
The currency has fallen by about 18% against the U.S. dollar this year, pounded by repeated disclosures of euro-zone woe. Both the speed and size of the decline have been remarkable: The euro, which closed Friday around $1.20, is trading at 2006 levels. Yet it may have further to fall.
After all, the euro's latest rout has essentially unwound the premium investors assigned it the last five to six years. On a purchasing-power basis, fair value for the euro is around $1.17, according to the Organization for Economic Cooperation and Development. Taking that, plus other historical relationships into account, Nomura strategist Jens Nordvig puts the euro's fair value at $1.15 to $1.25. In other words, "the euro has not gotten cheap yet," he says.
The fiscal problems in Greece and other nations have brought into sharp relief structural flaws in the European Union. Namely, the creation of the single currency wasn't accompanied by fiscal union. That casts doubt on the euro's longevity, so investors can't be blamed for backing away.
Demand for euro-zone assets has already weakened. The broad balance of payments for the euro area, including trade and foreign investments, was running at negative-2.1% of gross domestic product in the first quarter, according to Morgan Stanley. That follows a 1.7% decline in 2009 and suggests euro weakness goes beyond speculative selling.
Moreover, the dollar has regained some of its luster as investors have flocked to the relative safety of U.S. Treasurys. Although recovery prospects have wavered, the U.S. economy remains on firmer footing than Europe. And while markets wonder when the Federal Reserve will start increasing rates, the European Central Bank is trying to ward off a credit crisis.
Keep in mind, the euro is currently trading more than 40% above its November 2000 trough of just below 84 cents. Investors needn't fret if it continues to fall back toward parity. That would bolster European exports and could help lift the region's growth prospects. In the meantime, there is little use in fighting gravity.
El euro ha caido 18% frente al dolar este anio. La velocidad y el tamanio de la caida es remarcable, esta a los niveles del 2006. Todavia puede bajar mas.
El valor del poder adquisitivo del euro esta en 1.17, Nomura dice que estara entre 1.15 y 1.25.
La demanda por euros ha disminuido. El balance de pagos de la zona euro esta en negativo -2.1% del GDP (PBI) en el primer trimestre dijo MS, eso sigue un declive del 1.7% en el 2009 y sugiere que la caida de euro va mas alla de la venta especulativa.
No hay ninguna utilidad en desafiar las reglas de la gravedad.
Euro Can't Defy Gravity Any Longer By KELLY EVANS.
Wile E. Coyote could run in midair only until he looked down and realized the ground was no longer there. The euro is in a similar predicament.
The currency has fallen by about 18% against the U.S. dollar this year, pounded by repeated disclosures of euro-zone woe. Both the speed and size of the decline have been remarkable: The euro, which closed Friday around $1.20, is trading at 2006 levels. Yet it may have further to fall.
After all, the euro's latest rout has essentially unwound the premium investors assigned it the last five to six years. On a purchasing-power basis, fair value for the euro is around $1.17, according to the Organization for Economic Cooperation and Development. Taking that, plus other historical relationships into account, Nomura strategist Jens Nordvig puts the euro's fair value at $1.15 to $1.25. In other words, "the euro has not gotten cheap yet," he says.
The fiscal problems in Greece and other nations have brought into sharp relief structural flaws in the European Union. Namely, the creation of the single currency wasn't accompanied by fiscal union. That casts doubt on the euro's longevity, so investors can't be blamed for backing away.
Demand for euro-zone assets has already weakened. The broad balance of payments for the euro area, including trade and foreign investments, was running at negative-2.1% of gross domestic product in the first quarter, according to Morgan Stanley. That follows a 1.7% decline in 2009 and suggests euro weakness goes beyond speculative selling.
Moreover, the dollar has regained some of its luster as investors have flocked to the relative safety of U.S. Treasurys. Although recovery prospects have wavered, the U.S. economy remains on firmer footing than Europe. And while markets wonder when the Federal Reserve will start increasing rates, the European Central Bank is trying to ward off a credit crisis.
Keep in mind, the euro is currently trading more than 40% above its November 2000 trough of just below 84 cents. Investors needn't fret if it continues to fall back toward parity. That would bolster European exports and could help lift the region's growth prospects. In the meantime, there is little use in fighting gravity.
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por admin » Dom Jun 13, 2010 5:59 pm
Testifica BP
Testifica Tony Hayward de BP en Capitol Hill.
Ademas tendremos los reportes de los inicio s de casas, permisos de edificios y el CPI (inflacion)
Best Buy, Fedex y La Z Boy reportan utilidades.
On Deck Next Week: BP To Testify; Brokers’ Data Due
By John Kell
BP Chief Executive Tony Hayward has been asked to testify on Capitol Hill next week as the beleaguered oil giant faces increased scrutiny about its response to the oil spill in the Gulf of Mexico.
Elsewhere, the economic reports on tap include the government’s May report on housing starts and building permits, as well as the consumer price index.
Meanwhile, Best Buy, FedEx and La-Z-Boy are among the companies scheduled to report quarterly results next week.
BP Chief Executive May Testify To House Panel
BP’s Hayward has been asked to testify on Capitol Hill next week before a committee that has been scrutinizing the oil company’s actions in the buildup to a giant oil spill in the Gulf of Mexico. The House Energy and Commerce Committee is planning a hearing Thursday before a subcommittee. Hayward’s appearance will be his first on Capitol Hill since the explosion. He has been criticized for his handling of the response, including for estimates about the rate at which oil was flowing from a broken undersea pipe that have turned out to be inaccurate.
Brokers’ May Data To Highlight Market Volatility
The three major U.S. online brokers - TD Ameritrade Holding Corp., Charles Schwab Corp. and E*Trade Financial Corp. - will release their May trading data next week. Stock-market volatility spiked last month as economic fears built anew, with the market yo-yo best highlighted by the May 6 flash crash. The sector has been suffering with subdued trading volumes, so a spike in May would be a welcome sight for the companies’ investors. Shares of all three are down for 2010.
Best Buy, La-Z-Boy Expected To Report Strong Results
Furniture maker La-Z-Boy and consumer-electronics seller Best Buy are among the companies scheduled to report their latest financial results next week. Wall Street expects all three will post improved results from year-ago levels.
For La-Z-Boy, which reports Monday, analysts polled by Thomson Reuters expect earnings to more than triple on an 8% increase in revenue. Best Buy a day later is also expected to post an 8% increase in revenue, which should help boost that company’s bottomline. Both are benefiting from an improved economy, which is giving consumers more confidence to spend money again.
FedEx Expected To Report Strong Results Wednesday
FedEx reports quarterly results Wednesday, with investors anxious to see if the package-delivery giant still considers the global economic recovery on track. Early indications from FedEx have been positive, because the company recently increased its dividend by 1 cent, to 12 cents a share. But Wall Street is eager nonetheless to hear FedEx’s forecast for global trade, at a time when fears are growing that financial turmoil in Europe and a possible slowdown in China have the potential to sap the nascent international rebound.
Chicago Board Options Exchange Expected To Launch IPO
The Chicago Board Options Exchange is expected to move ahead with its initial public offering on Tuesday, despite the current rough market. CBOE Holdings Inc. is launching its deal when many IPOs have been struggling due to broader market volatility. Analysts say the CBOE will likely fare better than most offerings because of its relative rarity: It is the last large member-owned U.S. exchange to demutualize and go public, and it is the U.S.’s largest options exchange.
Data On Housing, Consumer Price Index Due Next Week
The government will release housing-starts and building-permits data for May on Wednesday, with expectations the broader housing market will see a sluggish second half after benefiting for months on a tax credit. Earlier this month, a steeper-than-expected plunge in May home sales was reported in much of the U.S., as the housing market struggles to wean itself from government support.
Meanwhile, the Department of Labor on Thursday will report the May reading of the consumer price index, which measures the price level of a basket of goods and services purchased by consumers.
Testifica Tony Hayward de BP en Capitol Hill.
Ademas tendremos los reportes de los inicio s de casas, permisos de edificios y el CPI (inflacion)
Best Buy, Fedex y La Z Boy reportan utilidades.
On Deck Next Week: BP To Testify; Brokers’ Data Due
By John Kell
BP Chief Executive Tony Hayward has been asked to testify on Capitol Hill next week as the beleaguered oil giant faces increased scrutiny about its response to the oil spill in the Gulf of Mexico.
Elsewhere, the economic reports on tap include the government’s May report on housing starts and building permits, as well as the consumer price index.
Meanwhile, Best Buy, FedEx and La-Z-Boy are among the companies scheduled to report quarterly results next week.
BP Chief Executive May Testify To House Panel
BP’s Hayward has been asked to testify on Capitol Hill next week before a committee that has been scrutinizing the oil company’s actions in the buildup to a giant oil spill in the Gulf of Mexico. The House Energy and Commerce Committee is planning a hearing Thursday before a subcommittee. Hayward’s appearance will be his first on Capitol Hill since the explosion. He has been criticized for his handling of the response, including for estimates about the rate at which oil was flowing from a broken undersea pipe that have turned out to be inaccurate.
Brokers’ May Data To Highlight Market Volatility
The three major U.S. online brokers - TD Ameritrade Holding Corp., Charles Schwab Corp. and E*Trade Financial Corp. - will release their May trading data next week. Stock-market volatility spiked last month as economic fears built anew, with the market yo-yo best highlighted by the May 6 flash crash. The sector has been suffering with subdued trading volumes, so a spike in May would be a welcome sight for the companies’ investors. Shares of all three are down for 2010.
Best Buy, La-Z-Boy Expected To Report Strong Results
Furniture maker La-Z-Boy and consumer-electronics seller Best Buy are among the companies scheduled to report their latest financial results next week. Wall Street expects all three will post improved results from year-ago levels.
For La-Z-Boy, which reports Monday, analysts polled by Thomson Reuters expect earnings to more than triple on an 8% increase in revenue. Best Buy a day later is also expected to post an 8% increase in revenue, which should help boost that company’s bottomline. Both are benefiting from an improved economy, which is giving consumers more confidence to spend money again.
FedEx Expected To Report Strong Results Wednesday
FedEx reports quarterly results Wednesday, with investors anxious to see if the package-delivery giant still considers the global economic recovery on track. Early indications from FedEx have been positive, because the company recently increased its dividend by 1 cent, to 12 cents a share. But Wall Street is eager nonetheless to hear FedEx’s forecast for global trade, at a time when fears are growing that financial turmoil in Europe and a possible slowdown in China have the potential to sap the nascent international rebound.
Chicago Board Options Exchange Expected To Launch IPO
The Chicago Board Options Exchange is expected to move ahead with its initial public offering on Tuesday, despite the current rough market. CBOE Holdings Inc. is launching its deal when many IPOs have been struggling due to broader market volatility. Analysts say the CBOE will likely fare better than most offerings because of its relative rarity: It is the last large member-owned U.S. exchange to demutualize and go public, and it is the U.S.’s largest options exchange.
Data On Housing, Consumer Price Index Due Next Week
The government will release housing-starts and building-permits data for May on Wednesday, with expectations the broader housing market will see a sluggish second half after benefiting for months on a tax credit. Earlier this month, a steeper-than-expected plunge in May home sales was reported in much of the U.S., as the housing market struggles to wean itself from government support.
Meanwhile, the Department of Labor on Thursday will report the May reading of the consumer price index, which measures the price level of a basket of goods and services purchased by consumers.
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por admin » Dom Jun 13, 2010 9:23 pm
Euro up 1.2176
El Hang Seng +1%, Korea +1.06%, el Nikkei +1.56%. Algunos mercados cerrados.
Las siderurgicas al alza.
Los futures del Dow Jones +0.34% +35
Yields down 3.26%
Futures cu up 2.9450
Oil up 74.53, au up 1,231.50
El Hang Seng +1%, Korea +1.06%, el Nikkei +1.56%. Algunos mercados cerrados.
Las siderurgicas al alza.
Los futures del Dow Jones +0.34% +35
Yields down 3.26%
Futures cu up 2.9450
Oil up 74.53, au up 1,231.50
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por admin » Dom Jun 13, 2010 9:35 pm
Los datos muestran la gran exposicion de los bancos en la zona euro.
Los bancos Alemanes y Franceses son los mas expuestos a los paises de la zona euro afectadas por la crisis.
El Domingo el Bak for International Settlements mostro que la banca de la zona euro tiene $1.58 trillon o 62% de los activos de Grecia, Ireland, Portuga y Espania.
Eso incluye $727 billones de Espania, $402 billones de Irealnd, $244 billones de Portugal y $206 billones de Grecia, con la mitad de la deuda Griega en poder de Francia.
De lejos, Francia y Alemania tienen la mayor cantidad de deuda o 61% de la deuda, $493 billones y $465 billones respectivamente.
Data Show Big Exposure For Banks In Euro Zone
By NATASHA BRERETON
LONDON—French and German banks continued to hold the greatest exposure to euro-zone countries facing market pressures at the end of last year, underscoring their interest in restoring investor confidence in the region.
Data released Sunday by the Bank for International Settlements showed that banks based in the 16 countries that use the euro accounted for $1.58 trillion, or 62%, of all internationally active banks' exposures to residents of Greece, Ireland, Portugal and Spain.
That included $727 billion of exposure to Spain, $402 billion to Ireland, $244 billion to Portugal and $206 billion to Greece, with about half of the Greek exposure held by France.
By far, France and Germany held the greatest exposure to the group, collectively carrying 61% of the total euro-area burden: $493 billion and $465 billion, respectively.
Experience WSJ professional Editors' Deep Dive: Central Bank WatchAGENCE FRANCE PRESSE
Europe, U.S. Interest Rate Hikes Not Expected Before 2011: BIS
.The Sunday Times
Bank of England Rules, Says Osborne
.The Washington Post
30-Year Fixed Mortgage Rates Near All-Time Low. Access thousands of business sources not available on the free web. Learn More ."French and German banks are the most exposed overall with $958 billion of exposures, of which $174 billion by our reckoning is sovereign, and $784 billion is private," said Stephen Cecchetti, BIS economic adviser and head of the monetary and economic department at the bank for central banks.
Of that total exposure, almost half was to Spain—$248 billion for France and $202 billion for Germany—with French banks particularly exposed to the Spanish nonbank private sector, while more than half of German banks' foreign claims on the country was on Spanish banks.
British and German banks had exposures to Ireland of $230 billion and $177 billion, respectively, while Spanish banks had the greatest exposure to Portugal, at $110 billion.
Government debt in Greece, Ireland, Portugal and Spain, meanwhile, accounted for only around 16% of euro-area banks' exposure, with $106 billion belonging to France and $68 billion to Germany. Of that, $48 billion of French exposure was to Spain, $31 billion was to Greece and $21 billion to Portugal, while in the case of Germany it was $33 billion, $23 billion and $10 billion, respectively.
As a percentage of Tier 1 capital, German, French and Belgian bank exposure to Spain, Greece and Portugal's public sectors amounted to 12.1%, 8.3% and 5%, much higher than other countries.
European Union finance ministers and the International Monetary Fund agreed last month to commit €750 billion ($907 billion) to support euro-zone governments that have difficulty borrowing in the international bond markets, while the European Central Bank began to buy euro-zone government bonds in an effort to bring down borrowing costs. The U.S. Federal Reserve also simultaneously reopened dollar swap lines with several major central banks.
The unprecedented package of measures was agreed on in response to concerns that strains linked to the Greek debt crisis could spread further afield.
The BIS noted that although moves in asset prices immediately following the announcement of the measures suggested that contagion had been stopped, confidence soon deteriorated anew on concerns about the possible interaction between public debt and growth.
On a more positive note, it pointed out that government-bond auctions in the second half of May saw strong demand, and that participation in dollar auctions by non-U.S. central banks was limited.
"The modest participation suggests that banks were more concerned about counterparty credit risk than access to U.S. dollar funding," it said.
The BIS noted that despite sharp moves in euro-area spreads in sovereign credit-default swaps, stemming from investor concerns about the region, relatively little sovereign credit risk was actually reallocated via the CDS markets.
In a separate report, it also found that while large depreciations in currencies tend to be associated with substantial permanent losses of output, since the losses usually take place before the fall in the currency, it is likely the factors that spur the drop in the currency's value rather than the depreciation itself that is the trigger. Taken alone, the currency depreciation can actually be good for output, it said.
Los bancos Alemanes y Franceses son los mas expuestos a los paises de la zona euro afectadas por la crisis.
El Domingo el Bak for International Settlements mostro que la banca de la zona euro tiene $1.58 trillon o 62% de los activos de Grecia, Ireland, Portuga y Espania.
Eso incluye $727 billones de Espania, $402 billones de Irealnd, $244 billones de Portugal y $206 billones de Grecia, con la mitad de la deuda Griega en poder de Francia.
De lejos, Francia y Alemania tienen la mayor cantidad de deuda o 61% de la deuda, $493 billones y $465 billones respectivamente.
Data Show Big Exposure For Banks In Euro Zone
By NATASHA BRERETON
LONDON—French and German banks continued to hold the greatest exposure to euro-zone countries facing market pressures at the end of last year, underscoring their interest in restoring investor confidence in the region.
Data released Sunday by the Bank for International Settlements showed that banks based in the 16 countries that use the euro accounted for $1.58 trillion, or 62%, of all internationally active banks' exposures to residents of Greece, Ireland, Portugal and Spain.
That included $727 billion of exposure to Spain, $402 billion to Ireland, $244 billion to Portugal and $206 billion to Greece, with about half of the Greek exposure held by France.
By far, France and Germany held the greatest exposure to the group, collectively carrying 61% of the total euro-area burden: $493 billion and $465 billion, respectively.
Experience WSJ professional Editors' Deep Dive: Central Bank WatchAGENCE FRANCE PRESSE
Europe, U.S. Interest Rate Hikes Not Expected Before 2011: BIS
.The Sunday Times
Bank of England Rules, Says Osborne
.The Washington Post
30-Year Fixed Mortgage Rates Near All-Time Low. Access thousands of business sources not available on the free web. Learn More ."French and German banks are the most exposed overall with $958 billion of exposures, of which $174 billion by our reckoning is sovereign, and $784 billion is private," said Stephen Cecchetti, BIS economic adviser and head of the monetary and economic department at the bank for central banks.
Of that total exposure, almost half was to Spain—$248 billion for France and $202 billion for Germany—with French banks particularly exposed to the Spanish nonbank private sector, while more than half of German banks' foreign claims on the country was on Spanish banks.
British and German banks had exposures to Ireland of $230 billion and $177 billion, respectively, while Spanish banks had the greatest exposure to Portugal, at $110 billion.
Government debt in Greece, Ireland, Portugal and Spain, meanwhile, accounted for only around 16% of euro-area banks' exposure, with $106 billion belonging to France and $68 billion to Germany. Of that, $48 billion of French exposure was to Spain, $31 billion was to Greece and $21 billion to Portugal, while in the case of Germany it was $33 billion, $23 billion and $10 billion, respectively.
As a percentage of Tier 1 capital, German, French and Belgian bank exposure to Spain, Greece and Portugal's public sectors amounted to 12.1%, 8.3% and 5%, much higher than other countries.
European Union finance ministers and the International Monetary Fund agreed last month to commit €750 billion ($907 billion) to support euro-zone governments that have difficulty borrowing in the international bond markets, while the European Central Bank began to buy euro-zone government bonds in an effort to bring down borrowing costs. The U.S. Federal Reserve also simultaneously reopened dollar swap lines with several major central banks.
The unprecedented package of measures was agreed on in response to concerns that strains linked to the Greek debt crisis could spread further afield.
The BIS noted that although moves in asset prices immediately following the announcement of the measures suggested that contagion had been stopped, confidence soon deteriorated anew on concerns about the possible interaction between public debt and growth.
On a more positive note, it pointed out that government-bond auctions in the second half of May saw strong demand, and that participation in dollar auctions by non-U.S. central banks was limited.
"The modest participation suggests that banks were more concerned about counterparty credit risk than access to U.S. dollar funding," it said.
The BIS noted that despite sharp moves in euro-area spreads in sovereign credit-default swaps, stemming from investor concerns about the region, relatively little sovereign credit risk was actually reallocated via the CDS markets.
In a separate report, it also found that while large depreciations in currencies tend to be associated with substantial permanent losses of output, since the losses usually take place before the fall in the currency, it is likely the factors that spur the drop in the currency's value rather than the depreciation itself that is the trigger. Taken alone, the currency depreciation can actually be good for output, it said.
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por Victor VE » Dom Jun 13, 2010 11:42 pm
AgBank seeks up to $23.1 billion
(Reuters) - The Agricultural Bank of China ABC.UL is seeking to raise up to $23.1 billion through its Hong Kong and Shanghai dual listing, according to a term sheet obtained by Reuters on Monday and its previously released draft prospectus.
The term sheet said that Hong Kong portion of the offering sought to raise up $14.4 billion, a figure that includes the 15 percent overallotment set aside for the after market.
The total amount the company is seeking to raise including its Shanghai A-share offering and over-allotment is up to $27.2 billion, based on a prospectus filed to Chinese regulators, which said the Hong Kong offering would be 53 percent of the total deal.
Excluding the overallotment, the total is up to $23.1 billion, which would make it the largest ever IPO. Equity capital markets value an IPO based on the actual offering and not the over-allotment, as the latter is never finalized until after the offering first trades.
The H-share offering is set for a July 16 debut, the term sheet said.
The institutional portion will be 95 percent of the Hong Kong offering, with 5 percent reserved for retail investors, the term sheet said.
(Reuters) - The Agricultural Bank of China ABC.UL is seeking to raise up to $23.1 billion through its Hong Kong and Shanghai dual listing, according to a term sheet obtained by Reuters on Monday and its previously released draft prospectus.
The term sheet said that Hong Kong portion of the offering sought to raise up $14.4 billion, a figure that includes the 15 percent overallotment set aside for the after market.
The total amount the company is seeking to raise including its Shanghai A-share offering and over-allotment is up to $27.2 billion, based on a prospectus filed to Chinese regulators, which said the Hong Kong offering would be 53 percent of the total deal.
Excluding the overallotment, the total is up to $23.1 billion, which would make it the largest ever IPO. Equity capital markets value an IPO based on the actual offering and not the over-allotment, as the latter is never finalized until after the offering first trades.
The H-share offering is set for a July 16 debut, the term sheet said.
The institutional portion will be 95 percent of the Hong Kong offering, with 5 percent reserved for retail investors, the term sheet said.
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por Victor VE » Lun Jun 14, 2010 12:35 am
EE.UU. descubre enormes yacimientos de cobre y litio en Afganistán
Depósitos son suficientes para hacer del país uno de los principales productores del mundo, afirmaron responsables de los hallazgos. Hierro, oro, niobio y cobalto son otros de los minerales encontrados.
WASHINGTON.- Geólogos de Estados Unidos descubrieron depósitos minerales sin explotar por un valor de casi un billón de dólares en Afganistán, incluyendo vastas reservas de cobre y litio, informa el "New York Times" en su edición del lunes.
Los depósitos, que también incluyen vastas vetas de hierro, oro, niobio y cobalto, son suficientes para transformar este país devastado por la guerra en uno de los mayores exportadores de minerales del mundo, según declararon altos funcionarios de Estados Unidos al "Times".
Los depósitos potenciales de litio de Afganistán son tan vastos como los de Bolivia, que hasta el momento tiene las mayores reservas de litio del mundo, señala el diario.
El litio es un mineral clave utilizado en las baterías recargables, así como en todo tipo de artefactos, desde teléfonos celulares a laptops y autos eléctricos, y Afganistán tiene tanto que podría convertirse en la "Arabia Saudita del litio", según un memo interno del Pentágono citado por el diario.
Los depósitos de hierro y cobre son lo bastante grandes para hacer de Afganistán uno de los principales productores del mundo, afirmaron los funcionarios citados por el Times.
"Aquí hay un potencial sensacional", declaró al diario el general David Petraeus, jefe del Comando Central de Estados Unidos. "Esto se convertirá en la columna vertebral de la economía afgana", dijo por su parte Jalil Jumriany, asesor del ministro de Minería de Afganistán.
Un equipo de geólogos y responsables del Pentágono descubrieron la riqueza mineral con la ayuda de información recolectada por expertos en minería soviéticos durante la ocupación soviética de Afganistán en la década de 1980.
Fuente: http://www.emol.com/noticias/internacio ... cia=418765
Que raro, debe ser pura coincidencia con la guerra contra el terrorismo en esas tierras.
Depósitos son suficientes para hacer del país uno de los principales productores del mundo, afirmaron responsables de los hallazgos. Hierro, oro, niobio y cobalto son otros de los minerales encontrados.
WASHINGTON.- Geólogos de Estados Unidos descubrieron depósitos minerales sin explotar por un valor de casi un billón de dólares en Afganistán, incluyendo vastas reservas de cobre y litio, informa el "New York Times" en su edición del lunes.
Los depósitos, que también incluyen vastas vetas de hierro, oro, niobio y cobalto, son suficientes para transformar este país devastado por la guerra en uno de los mayores exportadores de minerales del mundo, según declararon altos funcionarios de Estados Unidos al "Times".
Los depósitos potenciales de litio de Afganistán son tan vastos como los de Bolivia, que hasta el momento tiene las mayores reservas de litio del mundo, señala el diario.
El litio es un mineral clave utilizado en las baterías recargables, así como en todo tipo de artefactos, desde teléfonos celulares a laptops y autos eléctricos, y Afganistán tiene tanto que podría convertirse en la "Arabia Saudita del litio", según un memo interno del Pentágono citado por el diario.
Los depósitos de hierro y cobre son lo bastante grandes para hacer de Afganistán uno de los principales productores del mundo, afirmaron los funcionarios citados por el Times.
"Aquí hay un potencial sensacional", declaró al diario el general David Petraeus, jefe del Comando Central de Estados Unidos. "Esto se convertirá en la columna vertebral de la economía afgana", dijo por su parte Jalil Jumriany, asesor del ministro de Minería de Afganistán.
Un equipo de geólogos y responsables del Pentágono descubrieron la riqueza mineral con la ayuda de información recolectada por expertos en minería soviéticos durante la ocupación soviética de Afganistán en la década de 1980.
Fuente: http://www.emol.com/noticias/internacio ... cia=418765
Que raro, debe ser pura coincidencia con la guerra contra el terrorismo en esas tierras.
- Victor VE
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por Fenix » Lun Jun 14, 2010 1:34 am
EEUU descubre sensacional riqueza mineral en Afganistán
Geólogos de Estados Unidos descubrieron depósitos minerales sin explotar por un valor de casi un billón de dólares en Afganistán, incluyendo vastas reservas de cobre y litio, informó el New York Times en su edición con fecha del lunes.
Los depósitos, que también incluyen vastas vetas de hierro, oro, niobio y cobalto, son suficientes para transformar este país devastado por la guerra en uno de los mayores exportadores de minerales del mundo, según declararon altos funcionarios de Estados Unidos al Times.
Los depósitos potenciales de litio de Afganistán son tan vastos como los de Bolivia, que hasta el momento tiene las mayores reservas de litio del mundo, señaló el Times.
El litio es un mineral clave utilizado en las baterías recargables, así como en todo tipo de cosas desde teléfonos celulares a laptops y autos eléctricos, y Afganistán tiene tanto que podría convertirse en la "Arabia Saudita del litio", según un memo interno del Pentágono citado por el diario.
Los depósitos de hierro y cobre son lo bastante grandes para hacer de Afganistán uno de los principales productores del mundo, afirmaron los funcionarios citados por el Times.
"Aquí hay un potencial sensacional", declaró al diario el general David Petraeus, jefe del Comando Central de Estados Unidos. "Esto se convertirá en la columna vertebral de la economía afgana", dijo por su parte Jalil Jumriany, asesor del ministro de Minería de Afganistán.
Un equipo de geólogos y responsables del Pentágono descubrieron la riqueza mineral con la ayuda de información recolectada por expertos en minería soviéticos durante la ocupación soviética de Afganistán en la década de 1980.AFP
Geólogos de Estados Unidos descubrieron depósitos minerales sin explotar por un valor de casi un billón de dólares en Afganistán, incluyendo vastas reservas de cobre y litio, informó el New York Times en su edición con fecha del lunes.
Los depósitos, que también incluyen vastas vetas de hierro, oro, niobio y cobalto, son suficientes para transformar este país devastado por la guerra en uno de los mayores exportadores de minerales del mundo, según declararon altos funcionarios de Estados Unidos al Times.
Los depósitos potenciales de litio de Afganistán son tan vastos como los de Bolivia, que hasta el momento tiene las mayores reservas de litio del mundo, señaló el Times.
El litio es un mineral clave utilizado en las baterías recargables, así como en todo tipo de cosas desde teléfonos celulares a laptops y autos eléctricos, y Afganistán tiene tanto que podría convertirse en la "Arabia Saudita del litio", según un memo interno del Pentágono citado por el diario.
Los depósitos de hierro y cobre son lo bastante grandes para hacer de Afganistán uno de los principales productores del mundo, afirmaron los funcionarios citados por el Times.
"Aquí hay un potencial sensacional", declaró al diario el general David Petraeus, jefe del Comando Central de Estados Unidos. "Esto se convertirá en la columna vertebral de la economía afgana", dijo por su parte Jalil Jumriany, asesor del ministro de Minería de Afganistán.
Un equipo de geólogos y responsables del Pentágono descubrieron la riqueza mineral con la ayuda de información recolectada por expertos en minería soviéticos durante la ocupación soviética de Afganistán en la década de 1980.AFP
- Fenix
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- Registrado: Vie Abr 23, 2010 2:36 am
por admin » Lun Jun 14, 2010 6:36 am
Buenas noticias de la produccion industrial de la zona euro tiene a las bolsas de continente al alza, el euro se beneficia de la ausencia de noticias de las deudas soberanas, nomura dijo que se habia reaccionado de manera exagerada a la crisis y BP esta a la baja en anticipacion a las declaraciones de su BP en Capitl Hill.
Asia cerro al alza, Europa al alza.
Los futures del Dow Jones 60 puntos al alza.
Yields up 3.28%
Oil up 75.23, Au down 1,229.20, futures cu up
Asia cerro al alza, Europa al alza.
Los futures del Dow Jones 60 puntos al alza.
Yields up 3.28%
Oil up 75.23, Au down 1,229.20, futures cu up
- admin
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