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search results for "Belgium"

European Commission Widens Oil Price Manipulation Investigation

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May 17, 2013
TEST6european commission

The European Commission (EC) widened its investigation regarding oil price manipulation in the region from three major companies to include a smaller niche trading house, according to a report from Reuters. Sources familiar with the action of the European Commission cited that regulators are investigating Argos Energies, a Dutch trading house. The company is an independent player in the Western European energy market and serves as a wholesaler and provides logistics services for oil...
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ArcelorMittal (MT) Posts Loss, Sales Down

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May 10, 2013
TEST6arcelormittal logo

ArcelorMittal (ADR) (NYSE:MT) posted a net loss of $345 million in the first quarter of 2013, marred by the decline in demand of steel. The loss for the largest steel company compares to the $92 million profit in the corresponding period of 2012. The sales for the first quarter came in at $19.8 billion, a decline of 13 percent.   There were strong indications that any company which is dependent on demand from heavy...
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BNP Paribas Beats Estimates, Italy is Weak Point

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May 3, 2013
TEST6BNP Paribas

BNP Paribas (BIT:BNP) (EPA:BNP) (OTCMKTS:BNPQY) reported Q1 13 net profit of EUR1.58bn (-45% yoy), well above consensus. Exceptionals did not have a material impact on Q1 13 earnings, while underlying profits (adjusted for CVA/DVA, restructuring and goodwill impairment) increased 35% qoq as revenues rose and loan losses declined this quarter. In addition, the drive to reduce costs by EUR2bn by 2015 is proceeding well, with expenses down 4.2% qoq (inc. EUR155m restructuring charges; cost/income 65%)....
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Amazon Expands Its Appstore To Nearly 200 Countries [LIST]

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April 17, 2013
TEST6amazon-apps

Amazon, at the moment, offers Appstore only in the United States, United Kingdom, Germany, France, Italy, Spain, and Japan. Today, Amazon has announced in a press release that the company is planning to introduce the Appstore to “nearly 200 countries”, including Australia, Brazil, Mexico, South Africa, South Korea, Asia and more. An exact time frame of the launch is absent at the moment, but Amazon has instructed app developers to start submitting their apps...
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Syria Rebel Supply Route Through Azerbaijan and Georgia?

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April 17, 2013
TEST6Supply Route Syria

Recent media and human-rights activist reports claim that the South Caucasus countries of Georgia and Azerbaijan are playing an indirect role in supplying diesel fuel, weapons and cash to the embattled government of Syrian President Bashar al-Assad. Government employees deny the charges to EurasiaNet.org, but key details about the alleged shipments remain unclear. A March 7 report by Human Rights First, a US-based non-profit organization that “works to identify and disrupt” Syrian government supply...
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As Gold and Silver Decline, Big Profits For Some Hedge Funds

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April 15, 2013
TEST6Hedge Fund Gold Silver Positions

Gold and silver plunged unexpectedly today, giving back what was gained during Japan’s first round of fiscal stimulus. The downfall has not ceased apparently and  the metals are expected to tumble further. Experts are advising that the bull market on the lustrous precious metals should not rack up their stakes just yet, saying that selling in gold will further drive down the price. However seeing the most recent decline in gold and silver futures,...
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Copper Trading May Affect the Cable Industry

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April 12, 2013
TEST6copper

Copper declined in London on Wednesday amid weak export data from China. This was another blow to the sketchy demand of a metal whose future looks bearish as long as weak data keeps pouring in from China. Despite increased imports of copper in China, investors have chosen to focus on missing export numbers.  However, it seems that even if demand grows, the state of current supply will be unable to meet it halfway. Copper has...
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Liberty, Virgin Media Deal To Get An Approval By EU Regulators

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April 8, 2013
TEST6virgin-media

EU antitrust regulators are expected to give the green light to John Malone’s Liberty Global Inc. (NASDAQ:LBTYA) (NASDAQ:LBTYB) to takeover Virgin Media Inc. (NASDAQ:VMED) for $15.8 billion, according to a report from Reuters. Liberty Global Inc. (NASDAQ:LBTYA) (NASDAQ:LBTYB)’s bid, if approved, will put Malone on an equal level with rival Rupert Murdoch, owner of British satellite group BSkyB, in the growing European cable   market. “The European Commission does not have any competition concerns about the deal,” one of...
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BH Global Up 1.8 Percent in 2013 After Gains in First Two Months

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April 4, 2013
TEST6Brevan howard

BH Global Ltd’s net asset value rose 0.49 percent in February which is less than what the BHG gained in January. The YTD return on BH Global Limited (LON:BHGG) is now +1.83 percent. BH Global’s largest allocation, Brevan Howard Master Fund Limited gained a handsome 2.17 percent in Feb which takes the two month returns to just above 3 percent. Managers of BH Global have decided to diversify their portfolio and have thus reduced the allocation in Brevan...
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Europe Now a Sweet Spot for Islamic Terrorists

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April 4, 2013
TEST6Europe

On March 26, the Belgian federal police’s counterterrorism force, or Special Units, conducted a felony car stop on Hakim Benladghem, a 39-year-old French citizen of Algerian extraction. When Benladghem reacted aggressively, he was shot and killed by the police attempting to arrest him. The Special Units chose to take Benladghem down in a car stop rather than arrest him at his home because it had intelligence indicating that he was heavily armed. The authorities...
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Belgium Could Sell Stakes In Belgacom & BNP Paribas

By
April 1, 2013
TEST6Belgium

Belgium, like several other members of Eurozone faces a budget deficit that it needs to fill. However the gap is not as dire as other euro economies, the target is to reach 2.46 percent of GDP. On March 3oth, Belgium’s government agreed on a deal that will attempt to raise 1 billion euros in order to reduce overall debt by selling government owned assets. Some worthy candidates for the selloff are Belgacom SA (EBR:BELG) and BNP Paribas SA (EPA:BNP)(PINK:...
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